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mr. dorsey's job to try and get twitter's earnings back on track. back to you. >> all right.cutmore live from london. thank you. >>> it's that time. time for sports. tony stewart officially announced his retirement from nascar's sprint cup yesterday. stewart said the decision was not influenced by a broken leg suffered in 2013, or his involvement in the death of kevin ward jr. last year. the driver will remain involved in nascar as an owner, and plans to continue to race in other series. >> i'm not leaving the sport i love. i'm not walking away from something that i'm passionate about. i'm just changing roles. which it's like just moving to a different position in a company. so i'm not really retiring. i'm just changing positions. >> stewart's retirement will wrap up an 18-year sprint cup career with three sprint cup titles. he ranks 13th all-time. clint bowyer is set to replace him. >>> a federal appeals court upheld a ruling against the ncaa saying its use of college athletes' likenesses violates antitrust laws. however the court struck down a plan allowing schools to pay a

mr. dorsey with direct compensation for his role as ceo. we have to remember, he is being compensated as a director and he does own a significant stake in the company. >> significant might be an understatement there. thanks for that. one stock we are also watching is spark therapeutics rallying more than 20% in trading today. >> that's right, spark up quite a bit, on a down day on trial tech. on beg trial results on its gene therapy to work for inherited forms of blindness. the company says based on these data, it plans to file for approval within the united states next year. if it's successful, it will be the first gene therapy on the market in the u.s. which would be a huge milestone. gene therapy aims to cure or improve disease with just one administration. hence, sparks ticker symbol once or once. the news driving up the stocks of other companies working in gene therapy including bluebird and regenx bio. now, spark's drug treats a very rare form of blindness. they say that there are more twee treatments in the pipeline to follow. pretty

mr. dorsey not getting the endorsement this morning from morgan stanley. down 3.9%.morgan stanley. we will keep you up-to-date on an underweight. underweights are a little different. vonnie: he is not getting an endorsement from rick heitzmann, either, even on square. rick: i think you will see the stock come down a little bit because everyone was expecting maybe in m&a -- maybe an m&a event. now they have to share a ceo. tom: it is like sharing speaker of the house. how about a morning must-read right now from hallen -- from outer hunt. gekko jamesrt hunt k. polk, who many historians raises a great president, only served one term, with speaker for four years. first two when his mentor, andrew jackson, was president. his later tenure as governor of tennessee went -- was a failure. we need to bring in phil mattingly. the cubs are toast. phil: i predicted weeks ago when vonnie quinn asked me that the dodgers would smoke the mets. so my predictions are irrelevant. tom: i love the single phrase on mr. ryan from wisconsin -- "agree to certain conditions." what are the gop

mr. dorsey change that dynamic? jonathan: tom keene disagrees with me. i'm gutted.than: i think i know where this one is going. kevin, social media stocks, how do you view them? kevin: i think jack dorsey may be great operationally for twitter, but it does not deal with the valuation. even if we put it on a super great margins for an advertising -- twitter is great. i use it as a newsfeed. otherwise, it does not justify its valuation. jonathan: i would love to see you get more out of my twitter feed than what i had for dinner. said emergingrde economies are likely to see a fifth year of declining growth. we take a look at who is getting hit hardest. ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we shou

mr. dorsey will be busy. he has plenty on his plate. >> yeah. i think that those of us who felt you had to make a choice, accept the fact that the disarray has to stop. there is not anyone who can stop the disarray better than jack dorsey. >> let's move on to nelson peltz trian partners has introduced they have taken a $2.5 billion stake in ge. calling the company to continue on the road it is currently on as it transforms into an industrial infrastructure company with over 90% of earnings coming from those businesses before the end. let's call it by the end of 20178. trian for its part started to move into the shares after the company announced its intent to divest most of the assets of its ge capital unit. and it's a supportive position for trian. very different to a certain extent than what we know them for so often, namely when they get involved in fights, where they try to get board seats, take board seats immediately, or push management to do certain things, including what ends up being a breakup of a conglomerate. not the case here. they

mr. dorsey, also ceo of square, they wanted someone to take over the chairman position. >> the s.e.c. will love this. they say you can't do square and twitter. jack, i got an executive chairman. >> i have omid here. buy some stocks. >> tweet a little more. >> really. >> yeah. >> up to 11 now. >> omid's shirt is tweeting more. >> your shirt, david's hair. >> i say up periscope. i get a periscope yesterday of the earl schibe paint job, booming. >> anyone wanting to know what it's like for jim to get his makeup yesterday, go back and look at his periscope. >> it's an actual krylon, tuesdays i use krylon, wednesday i was the behr. >> mission impossible. making me look 48. >> we got to the banks and twitter, now intel. profits fell amid weaker demand on pcs. dow component cutting their current quarter guidance for the chip business. delta beat the street. richard anderson on squawk today saying they're buying on the open market now. conservative when it comes to fuel buying. >> that was an unbelievable quarter. free cash flow is extraordinary. the capacity, going 0 to 2% next year. when i

mr. dorsey is working two companies. >> it works for steve jobs, it works for elon, it's clearly possible. i'd be a little skeptical. i think at our stage we want really focused. >> thanks, we look forward to seeing you a little later. tyler, we will send it to you. >> thank you very much, andrew. on "closing bell" don't miss his interview with alec berg and mike judge, hbo's silicon valley, executive producers. tune in. >>> the bond action on the back of that three-year note auction at the top of the show, rick santelli holding down the for the at the cme. hi, rick. >> reporter: hi, tyler. whether it's bills, two-year notes the maturitys are in good demand, no exception, look at the two days of threes, pretty much lateral activity. although, still virtually at the top of yesterday's range, flattening out today. here's the important, i look at april 1st chart three year, these are the lowest yields, if you look at a two day of 10s, losing momentum t. 30 yield bond yields, dollar index having a close day. this is zero strength. mandy, back to you. >> thank you very much, rick santelli the

mr. dorsey run two kpaerncompanies,n a road zoe and one in a turnaround?eling we haven't seen it before because it's a terrible idea. >> i am just shocked that underwriters would bring -- even think about bringing this to market or file this. we've seen so many potential ipos that have been pulled back. rumblings from various investment bankers, a lot of people thinking about doing ipos are delaying them until next year, or thinking about m&a transactions. the fact that this company isn't making money, it sort of looks like twitter 2.0 all over again. why would you open and expose this company to the public markets now, you know, beholden to investors every quarter, when you can sort these things out privately? i think that's a giant mistake. >> absolutely. that's the biggest red flag. they want to dump this on the public. public beware. jack dorsey can't run two companies! it's impossible to do! please, beware of this. >> kayla, i would just wonder what the company is going to say in its road show, knowing these are the very points they'll have to serve i

mr. dorsey will drop the interim from his interim ceo title.f the mobile payments company square at the same time. paul sweeneyw is of bloomberg intelligence. still with us, joachim fels, pimco's global economic advisor. from thisy was fired job in 2008. early daysbout the of twitter, he was described as a bad manager who handled criticism poorly. why is this a good idea to bring him back? >> i think investors are looking for somebody to step in. type had the interim ceo for a while. let's bring jack back. what jack does bring to the table's product knowledge and a focus on innovating their product. that is where twitter has lagged facebook. that in a form of slower user growth and slower user engagement. a lot of people believe the fix is a product fix. , a lot of believe, might be the best candidate. vonnie: some product fixes were already underway under dick costolo, including project lightning. will dorsey be getting credit something dick costolo did not have time to roll out? what investors have been concerned about is the slow rate of inn

mr. dorsey is the ceo -- >> steve jobs, elon musk. >> thank you. >>> when we come back this morning we willatinum portfolio manager oscar schaefer. you can see triple digit gains for the dow. looks like they're 116 points above value. s&p up 15 and the nasdaq up by 38. stick around, "squawk box" will be back. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> mario kart. i just dropped -- did you hear that? it sounds like mario karts. that's music. this is the -- is this the 20-year-old -- this is the original squawk music? >> yeah. >> which means the mario kart stole their music from squawk. >> not the other way around. >> mario kart is pretty old. >> not 20 years old, is it? >> it might be. >> well, indexes around the world are in correction or bear market territory, although -- although you just heard bob doll. bob doll the man. that was bob dole. he said we've tested the recent lows succ

mr. periscope man. >> holy cow. i did a periscope today. jack dorsey, listen up. i had 12 people in my periscope. will you help me, dorsey, get some people watching periscope? i'm sorry. go ahead, dave. >> caller: jim, biogen stock has been battered lately. this week third quarter endings on both revenue and earnings, they also raised full year guidance. the result, stock is up a meager 4%. >> listen to me. i had a debate today with jack moore. we bought some stock for the trust. i wanted to come right back in. i wanted the trust to buy more. we just got frozen. i agree with you. it's much too cheap, way out of what can versus the other biotechs. huge. let the short sellers finish their buying, let the stocks come in, nun pull the trigger. i like all three. much more "mad money" ahead. it's the seventh leading cause of death in the united states. one company is trying to change the way diabetes is treated. i'm talking to the ceo about its revolutionary technology. and that retail sector gets put on the sale rack if it has a little bad news. plus thank heavens, a friday stick with cramer. >>> even

dorsey juggles a revamp and brings on a new chairman. i am emily chang and this is "bloomberg west." up, netflix mrs. analysts, blaming the new chip credit cards. crashing? close to and another merger might be in the works. are said to be in talks. first, to our lead, the square ipo. filing fors company an initial public offering, looking to raise 275 million dollars. placeholder and will probably change. jack dorsey is pulling double and as ceo of square twitter. he is trying to restructure the social media company. joining me now is the bloomberg head of global technology, brad stone. let's dive into the numbers. square is making money but it's not profitable. brad: growth is slow, which i was surprised to see. the starbucks partnership, wow. emily: can we talk about that? because that actually cost them money. ofd: there is a long history starbucks being a poor partner to technology. -- groupon gave black marks to starbucks as well. emily: where is the growth going to come from? part of thesting filing was looking at the breakdown of how big the .ustomers are customers bigger than $500,000 in reve

dorsey juggles a revamp and brings on a new chairman. i am emily chang and this is "bloomberg west." up, netflix mrs.sts, blaming the new chip credit cards. crashingx close to

dorsey juggles a revamp of twitter and brings on a new chairman. ♪ emily: i am emily chang and this is "bloomberg west." coming up, netflix mrs. analytics.lysts, blaming the new chip credit cards. is netflix close to cras?