you should also know that our sara eisen is out there.ke with nike's ceo mark parker earlier today. we'll hear from her on the other side of the president and we will do that momentarily. let's do our trader blitz right now, four trades on four stocks making news. first up, mcdonald's reporting global sales dropped in april. but the stock is not moving or maybe it's moving on the fact that they dropped not as bad as some people had feared. >> exactly, that's a fair way for mcdonald's, how bad can it get? it's a very big company, this is a stock i would stay away from, i think there's a lot more potential in other companies. >> and the turn-around in europe is one of the reasons why you're looking at the stock would what it does, up 2%. yelp is working with banks to explore a potential sale. michael bloch? >> we heard from barry diller, he's not interested. anybody interested in monetizing eyeballs, should think about this i'm not in a hurry to own this. >> diller told our david faber, not really interested. alibaba upgraded to buy at gold

sara eisen has more for beaverton, oregon. >> many are calling it a controversial move. president obama visiting nike headquarters for pushing the trade partnership. >> this will give us tools to open up other markets to make sure they play by the fair rules we help write. >> they are outsourcing jobs to asia with low wages and often have poor working conditions. >> we have a right to improving conditions within our contract working conditions to create a greener sustainable supply chains and proud o and nike said this will pave the way for jobs to be created in the united state burden of high taxes they have to pay when they import manufactured products back home. >> with the release we expect within the tpp, we can use that -- that -- those funds to actually support innovation to drive advanced manufacturing here in the united states. >> the problem -- president obama has to convince many members of his own party to help congress pass fast track legislation for the deal. many democrats point to nafta, a dealer brokered with mexico and canada by clinton as harmful to am

we'll ask cnbc's sara eisen if gravity is poised to take over.ght ahead. plus, the presidential contenders have spent a lot of time debating whether they would have gone into iraq. the real question should be what are they going to do about it now. the daily beast ana marie cox and jamie weinstein join the conversation. "morning joe" is coming right back. right now, verizon is offering unlimited talk and text. plus 10 gigs of shareable data. yeah, 10 gigantic gigs. for $80 a month. and $15 per line. more data than ever. for more of what you want. on the network that's #1 in speed, call, data, and reliability. so you never have to settle. $80 a month. for 10 gigs. and $15 per line. stop by or visit us online. and save without settling. only on verizon. does your makeup remover take it all off? every kiss-proof cry-proof, stay-proof look? neutrogena® makeup remover does. it erases 99% of your most stubborn makeup with one towelette. need any more proof than that? neutrogena. >>> welcome back to "morning joe," i'm halle jackson live along the santa

sara eisen, thank you for that. the shares are down right now. that is a whole lot of kold beverage you would have to make. the pot itself is the cost of one cold beverage. forget the cost of that machine. >> $299 the low end? that is clearly experiennsivexp. that's a huge problem there. keep in mind, with green mountain, this is $155 stock. way back in november. so we had a tremendous selloff here. and of course there is some kind of put out there because of the coca-cola involvement. i would think -- i wouldn't buy it here but around $90, that's where i get interested. >> i think when the stock was at its high, there was this notion that perhaps coke would go deeper with this green mountain relationship if this kold thing works out. then coke might back out, then that's bad news with this. >> i agree with bk. for a trade, maybe you want to dip a toe or so. but longer term when you look at a real long-term chart on this, this is a catastrophic failure on this name. it has a lot more room. he alluded to the fact it had a meteoric rise. it's got a

for "nightly business report," i'm sara eisen. >> as for the economy, the layoffs is at a 15 year low. new employment benefit claims fell by 1,000 to a seasonally adjusted to 164,000. and the price index that measures prices businesses receive fell 4% last month, the latest sign of low inflation across the econog federal reserve watches closely. >>> our guest tonight is not celebrating today's rally yet. he is j.j. can to see you. welcome back. >> hello, sue. thank you for being here. >> what has you bullish, what has you concerned? >> if you think about it sue, we've been in a tight range for a while. it was 12-20 on the up down and 21-80 on the down side and in there we've been on the s&p 500 and on the upside we did close down 2100 and that is fantastic but some mistakes retail sales make they hear we are at all time highso rushing it and let's say if we can hold it or get away from the 21-20 level. the great thing about today is we had the microsoft and the apples of the world as one of the leading sectors or leading the stocks and the leading sector being i.t. and it was positive

i'm sara eisen. >> and stocks are on the move higher today. still in positive territorying pushing the s&p 500 to the closing high. anything can happen as you know in the last hour of trading so stick around. >> anything with us. we're watching the shares of mcdonald's today. announcing that big turned around plan focusing on better food and a major franchise, but that's not impressing the investors right now. it's weighing on the dow. the worst performer. what does mickey d's need to do to right the ship? we'll hear from a former franchisee coming up. >> and then we'll talk about the state of the music industry and the effort to turn miami into the next big tech hub with recording artist, pitbull. he will be here from the emerge conference. >> he'll be ringing the closing bell. in the markets right now, simon just mentioned we have a 65 point rally for the dow jones industrial average. the dow was up more than 100 points so clearly off the highs but still pushing higher. building on friday's gains. s&p actually having the best two-day stretch

i'm sara eisen in today for kelly evans april the new york stock exchange. no place i'd rather be on a friday afternoon. >> we love having you here on the friday before memorial day. i'm bill griffeth. fed chair janet yellen said she expects to raise interest rates this year if the economy continues improving. that's the big caveat. any positive close for the s&p will be a new all-time high. we're not there yet, though. >> we've been seeing it happen all week long. the nasdaq the outperformer trying to close at its own record high. the number to beat 5,092 and change. it's been nearly a month since the index ended in unchartered territory. we have much more on the nasdaq and the fed's rate hike strategy and the market. including which stocks are set to heat up this summer. >> it officially begins this weekend. but the real feature today is what? >> the dollar. >> what's going on with the dollar? >> the first up week for the u.s. dallas against the euro in five. that's the real story. >> we'll get you your own show on cnbc calling it "the dollar and you." >>

i'm simon hobbs with sara eisen and david faber. on the west coast again today for the code conference. what have we got in store for this hour? >> a lot going on in the world of tech a lot of headlines here at the conference. gopro saying they are going to make a drone. target saying they are open to accepting apple pay in stores. sprint saying give us two years, we'll be the number one market. coming up this hour, we'll talk to the head of periscope, head of target.com facebook head of messaging, hollywood producer ryan grazer. >> let's check where we are in the markets. we are down 78 points on the dow. relatively rangebound if you look at the move we had recently. unable to break substantially higher. crude trades at $56.76. let's get to diana olick in washington with breaking news on home sales. >> pending home sales up 3.4% month to month in april. that is a surprise to the up side. the street was looking for barely 1%. a 3.4% gain month-to-month up 14% year over year. that is the biggest annual gain since september of 2012. p

. >>> sara eisen is at nike headquarters. she'll have a first on cnbc interview with that company's ceo. >>> hi scott. good morning, everyone. we are here at nike because the president is here. he's here to talk free trade. controversial decision given nike has been the poster child for outsourcing jobs overseas not to mention unfair wages and poor conditions. why is president obama here at nike? what is nike going to announce in terms of u.s. manufacturing and jobs along with this visit? we'll have that interview with mark parker the ceo of nike first on cnbc. back to you. >> i love mark parker and i love nike. >> nike is talking about 10,000 jobs. >> they own china. they own europe. kevin plank has his work cut out for him. plank's a player. >> also i loved edd yesterday. jordan speith rory mcilroy paired together. >> when words collide. >> 182 on the dow after that better than expected or at least in line what some expected after that bomb we dropped end of march. more "squawk on the street" live in post nine when we come

plus, the markets look for another winning day on wall street, cnbc's sara eisen has business beforee forecast. >> we're turning up the heat today. a little taste of summer from lose all the way back into the northeast. even vermont could get up into the 80s today. 87 in st. louis, these temperatures are easily ten to 15 degrees above average. a lot of the warmth will last all week long. a little rain through illinois. chicago, you're in the clear for now but later this afternoon severe weather returns to the central plains. i'm not expecting many tornados but we will see the chance of some large hail and damaging winds. areas of concern, about six million people from omaha to des moines just north of st. louis and area back here in west texas. the other story that will develop during this week is the possibility of our first named system in the tropics. yes, it is early for this to occur but it could be happening around the bahamas and clipping florida or just off the southeast coast. this won't become a big storm but it could be subtropical storm anna throughout the end of this wee

sara eisen from cnbc i'm a little surprised at this aol purchase $4.4 billion.ean they might as well invest $4 billion into ace of bass or boyz ii men. >> aol reive-invented himself under the new ceo, armstrong. aol has come a long way from the dialup days when it had something like 20 million dialup customers. and it was merged with time warner. remember that, more than $150 billion deal. >> oh, yeah. >> aol is something very different. it's built itself on two things one, content. it has properties like huffington post and gadget tech crunch. that's all part of the basket. it has a very sophisticated mobile advertising network. that is what verizon is after. because you have verizon, you've got at&t t-mobile. it's a pretty saturated market when it comes to wireless phone subscribers. for growth verizon has been hinting and looking at going into launching a mobile video service and buying aol gives it the advertising technology and infrastructure that it needs to do that. >> outside of huffington post where are the customers that justify the 4.4 billion? and co

cnbc contributor evan new mark is here along with sara eisen along with steve liesman.o, guy adami and terry dolan will join us in a moment after he's finished on the floor here. tough session here. same question we've been asking. in your view is this about a rate hike scare or is this about a bad data square or is this just everybody read something over memorial day that spooked them? what do you think is going here? >> it's about the re-invention of the u.s. dollar against currencies. sara wrote a piece on may 5th saying the ascension of the dollar will continue. the strength of the dollar is what's going on. but for the fact i think steve liesman can speak to this. he asked the question on march 17th about the dollar. maybe it was another question. when the fed addressed the rise in the dollar that marked the top in the short term. it hasn't looked back since. now we're starting to see the re-acceleration. the dollar continues to rally. oil, the next leg is lower. i don't know if we'll see the lows we saw a couple months ago. i think the bond market rally is back in

i'll make my way back up there with sara. >>> i'm sara eisen in today for kelly evans.ay on wall street. breaking that two-day winning streak. the s&p 500 settling down 25 points, more than 1%. the dow settling down 142 points and the nasdaq was the laggard pretty much all day, down at the low, 1.55%. the mariachi banned is here at the new york stock exchange performing in honor of cinco de mayo. it's a festive day down here. joining today's panel, sharon epperson along with kayla tausche. also "fast money" trader guy adami. you're missing the fun and the music down here. tell us what happened in today's session. was it fear of higher interest rates as we saw the ten-year yield lead to a ten-month high? >> it started overnight. there's more increased fears. you made the point about our bond yields here. look at what the tlt did today, had a big flush to the downside went positive today, effect ofly closed unchanged. i think it's a big reversal. i do think rates are headed back lower and if you're looking lower, we basically touched that today. i take some encouragement

sara eisen. >> stick with the dollar.where we polled wall street strategists and they're staying bullish even though it's been a tough few weeks for the bulls after a massive run-up that took the euro all the way down to $1.04. the dollar has now reversed since april, plunging to a four-month low just today surging past $1.14 euro. but the bulls are hanging in. you can see the strategists we polled expect $1.06 by june, $1.02 by the end of the year. pretty good news if you're holing out for that european vacation this year. they also see a strong dollar against the japanese yen on average. they expect that pair to run up to $1.24 by the end of the year even stronger next year. and get this more than 70% of those we surveyed say the outlook for emerging markets currencies is negative. those currencies against the dollar. this current correction is thought to be just a bump in the road after an extremely overbought enthusiastic historic rally for the dollar. long term, guys, what we found in the survey is it is a strong dol

in about an hour our sara eisen is there where she spoke with the ceo of nike and they didn't just talk>> no, we talked about the business, we talked about innovation, which is so key to nike and the trade deal that president obama is pushing for here at nike headquarters today. mark parker, the ceo, says will help nike bring american jobs back to the u.s. actually they've committed 10,000 jobs over ten years and new manufacturing facilities if the trade deal does go through. but given it's "squawk alley," i wanted to share some of his thoughts about where they stand on digitals and wearables, with the fitbit ipo announced yesterday. i asked him what he thought of it and the category given that nike itself exited the hardware business, here's what he said. >> we remain committed to digital connections with consumers. not only in tracking and sensing through partner relationships. but also just the complete digital ecosystem. how we connect with consumers in terms of commerce, how we connect with consumers through communication. and then certainly sport experiences. that we create. so th

time now for business before the bell with cnbc's sara eisen. greeing to sell its to a big retail group that owns lane bryant and dress barn. so that should give the markets a lift. we're coming off of record highs already on this monday morning. another busy week for retail earnings, american consumer very much in focus. tomorrow we'll hear from the mother of retailers, walmart and home depot. then later in the week we'll get results from target and gap on thursday. i wanted to mention two interesting things that google is doing in the news. number one, the self-driving cars they're in test phases but they'll be hitting the roads in mountain view, california, google's hometown coming up very soon here. these the two seater no gas pedal steering wheel optional. it's an important phase in the test market. also google according to the "wall street journal" will start having bye buttons on its search results on mobile which is a risky move but certainly shows that google is getting aggressive when it comes to e-commerce going up against amazon.com.

it's time now for business before the bell with cnbc's sara eisen. just out. >> negative. looks like the economy actually shrank mika, in the first three months of the year .7%. now, on one hand it's okay because we were sort of expecting this. this is the second look at the first quarter and leading up to this, economists were saying we're going to get a negative number. you had the very cold winter weather, you had the port shutdown and some of the problems that that caused on the west coast feeding into a lot of the retailers in this country, and you also had the impact of a very strong u.s. dollar hurting our exports. so all of these factors who are what economists look at as potentially temporary. that's the good news. that we should be looking at a rebound as we head into better weather and shake off those negative effects of the economy. that's why the data now on this quarter is going to be so important to watch. but the headline number there for you is absolutely a negative one. buried in that report we did learn that consumer spending did t

sara eisen, simon hobbs and david faber. walmart disappoints. >> our road map., some of the biggest movers of the day. seeing solid gains. up today. meeting in detroit. we'll talk about how to play the big bank. >> >>> we'll start with gdp. controversy swirling around the way it's been reported. steve liesman has been in the forefront of that story. >> a firestorm interrupting the economic world whether gdp has been reported correctly. first quarter gdp has been persistently weaker than the other quarters over a span of three decades. the correct seasonal adjustment puts it at 1.87%. barclays studying it. arrives at the same number 1.87%. barclays says some specific factors like europe or severe weather can explain some of the first quarter weakness. macroeconomic advisors one of the most followed groups out there. studies the issue and finds what economists call residual seasonality. reduces first quarter growth by 1.6% over the past 20 years. what is residual seasonality? it's a fancy term for "we don't know." seasonal patterns that remain after adjusting data

i'm carl quintanilla with sara eisen, simon hobbs and david faber at the new york stock exchange. from around the world. claims in line here. we'll get nat gas inventories in a half hour. the market's hanging in there. dow's off 15 points. a lot of retail earnings from best buy, williams-sonoma and salesforce and shake shack making news today. let's get to rick santelli for more data. >> absolutely. we have the current read which happens to be april for leading indicators up 0.7, much better than we were looking for. that's the best read since july of last year. darn close to a year. now let's go for the philly fed. this is a may data point. 6.7. we were expecting a little bit better. last look unrevised at 7.5. of course we have existing home sales. for that let's go to diane olick. >> down 3.3% to 5.04 million units up from a revised 5.21 million units in march. that's a miss. we've got down 3.3%. still up 6.1% year over year. realtors saying this setback from the robust march sales is a result of lagging supply not demand. inventories were up 10% month-to-month. still down almo

i'm simon hobbs with sara eisen and david faber. interesting day on the markets today.rrently down 139 points clearly all eyes on what is happening in the bond market at the moment. yields there clearly have been rising. yesterday was the worst day for the 10-year we had in a couple of months. we trade 3%. >> david kostin chief u.s. equity strategist from goldman sachs is live with us for an interview. >> labor secretary thomas perez will give us his first reaction to today's job openings and turnover data. >> and docusign getting $200 million in new funding that could push its valuation to as much as $3 million. we'll talk to the ceo in a few moments. >>> this painting by picasso became the most expensive painting to sell at an auction, final price of $179 million. i was there. it was fun. christie's lead auctioneer will join us live post nine in about a half hour. >>> looking forward to that. we start with the markets. dow down 150 points. market's in sell-off mode today. it's becoming more of a bond market story with yields on the march higher around the globe. joini

i'm carl quintanilla with sara eisen and simon hobbs. faber in phoenix in morning at the dish network's 2015 team summit. he is going to sit down with charlie ergen chairman and ceo of dish for an exclusive interview in about a half hour. markets hanging on to a nice gain. dow up 125 points. dollar at a four-month low and that is benefitting the kinds of companies that would make up the dow jones industrial. >> european bank president mario draghi speaking at the imf in washington today. we'll talk to the gugenheim ceo. >> bad day for retails. macy's and kohl's down sharply. >> cisco reporting third quarter results what outgoing ceo john chambers had to say about the company's growth going forward. >> u.s. stocks rising. the dow's essentially within 120 points from a record high. the dollar extends its slide. euro hitting a three-month high as mario draghi takes the stage at imf headquarters in washington. joining us is scott minor, chairman of investments. he is in town to accept the institutional investor's sixth annual u.s. investment

i'm here with sara eisen, simon hobbs and david faber. dow just his a new record.w that right now, up about seven points as we get busy for a week of fed-speak. let's get to diane olick. some breaking news on housing this morning. >> hey, carl. homebuilder sentiment down two points in may to 54. monthly sentiment index, 50 is the line between positive and negative. we're also still in the heart of the spring housing season. traditionally the busiest for builders. the builder's chief economist, david crowe says consumers are exhibiting caution and want to be on more stable financial footing before purchasing a home. builders are less confidence overall, but the sentiment was kind of strangely mixed, again indicative of the nahb's three components. they rose one point to 64. buyer traffic dropped one point to 39. current sales conditions fell two points to 59. regionally on a three-month moving average, builder confidence in the south and the midwest each rose one point to 57 and 55 respectively. in the west it dropped three points to 55 for more. of course, realchec

i'm sara eisen in today for kelly evans april the new york stock exchange. a friday afternoon. >> we love having you here on the friday before memorial day. i'm bill griffeth. fed chair janet yellen said she expects to raise interest rates this year if the economy continues improving. that's the big caveat. any positive close for the s&p will be a new all-time high. we're not there yet, though. >> we've been seeing it happen all week long. the nasdaq the outperformer trying to close at its own record high.

i'm sara eisen. >> and stocks are on the move higher today.happen as you know in the last hour of trading so stick around. >> anything with us. we're watching the shares of mcdonald's today. announcing that big turned around plan focusing on better food and a major franchise, but that's not impressing the investors right now.

. >> sara eisen spoke with mark parker. joins us with the highlights. >> president obama led an exciting pep rally here at the nike campus where ceo mark parker greeted him, introduced him. some people thoughts is a controversial choice that the president made to come to nike to talk about passing pp inging tpp, the transpacific partnership, his free trade bill with asia. nike is saying it would be so beneficial to their business that it would actually help the company create more jobs in the united states. this from a company with almost a million workers overseas. in more than 700 factories around the globe, making sneakers and apparel. nike says if this free trade deal does pass with asia it would aloss them to create up to 10,000 jobs over the next ten years in this country, up to 40,000 including the ripple effect and bring advanced manufacturing of sneakers to this country. so that is why the president chose to come here. i asked the ceo mark parker how that would work. he said the subsidies that would be in place, he

> good morning and welcome back to "squawk on the street" this friday morning, i'm simon hobbs, sara eisenla is on assignment. s&p 500 sitting below the fresh all-time high we achieved yesterday's session. early departures delayed today for many due to janet yellen speaking at 1:00 p.m. eastern. >> let's get to the road map. hp ceo meg whitman speaking inging out earlier on this show. >> one analyst making a bold call for the break-up of procter and gamble sooner than later. he'll join us live to exchange. >> co-chairman and founder of comscore will join us later. >>> shares of hewlett-packard up sharply after the company reported earnings after the bell yesterday that frankly were very much a mixed bag. revenue below what analysts had been anticipating. gap earnings share number -- nongaap number -- gaap number was below at 55 cents. all that being said stock up over 5%. perhaps as a result of the company outlining so-called dis-synergies that will take place as a result of the split of the company. and also the first time giving us some sense as to its cost savings and what it expects to

carl quintanilla with sara eisen and simon hobbs. do you sell in may or stay and play?r the nasdaq had four sessions down. market trying to make up for some lost time. dow up oil steady. >> let's get our road map for the next 60 minutes. strong rally going into the first day of trading for this month. we'll hear from cowan ceo about what's ahead now for stocks. >> chevron handling beating expectations, but hurt by cheap oil. what you should be doing with the stock and how it could be affected by tesla's new battery system. >> expedia sharply higher today. we'll talk to the ceo of the online travel giant in a first on cnbc interview. hear what he has to say about hotel growth and that strong dollar. >> let's get to rick santelli in chicago. >> wow. it is interesting. march construction spending down 0.6. kind of exactly the opposite of the up 0.5 to 0.6 we were expecting. last month. stays unrevised here. we had negative 1.7 in january, february minus 1.1. now down 0.6. we haven't had three negatives on construction spending since the end of '09 and beginning of 2010. is

carl quintanilla with sara eisen, simon hobbs and david faber. a weak chicago pmi.and ten year below 2.10% since may 4th. >> let's get over to chicago. rick santelli has breaking news on consumer sentiment at this hour. >> it does. it does continue. 90.7. this is the may final. if you just look at the may preliminary at 88.6 you think wow, that doesn't look bad. the preliminary is useless. toss it away. what was the previous month's final? 95.9. that was the april final. you can see sequentially not good. it is the lowest university of michigan sentiment read of the year. you have to go back to november to find a lower one which was 88.8. these eights are wild lately. misses across the board. we are not seeing as much kickdown on yields we did breach 2.10%. that's where we hover. >>> we slipped about six or seven points on the dow. markets clearly in the red today. may still on pace to be the second best month of the year. blackrock's global chief investment strategy joins us. >> good morning, simon. >> an early start for you. i guess the hope for many people was co

. >>> welcome to the "closing bell," i'm sara eisen here at the new york stock exchange. >> i'm scotttreet today following mixed economic data in the united states and the ongoing greek debt drama. >> just one of the reason that people are pointing to the biotechs index is dragging down the nasdaq which is the worst performing of the major averages. biotechs have been hard

i'm carl quintanilla with sara eisen, simon hobbs and david faber. >> we'll have more on the tesla results on the conference call. >> athena health out with a new app on the apple watch. the ceo will join us live. >> chicago fed president charlie evans says any interest rate hike should be pushed to next year. more from that interview later. >> in just a few moments, the ceo of the priceline group darren huston will join us live. the company beating expectations. giving a soft outlook for the current quarter. stock in the red. that's coming up in five minutes. >> we start with the markets here. dow down about 36 points after u.s. jobless claims we learned rose modestly to 265,000. still hovering around 15-year lose. let's bring in chief investment strategist at raymond james. how did this set up for tomorrow's jobs report? >> i think it's a lot of noise. i think we are in the longest contiguous job configuration. the good thing about mr. market as warren buffett said if you don't like his mood today, he will show up tomorrow with another better offer and you don't have to play with him eve

dollar strength is here to stay for a while and i know sara eisen put out another piece today, i thinkthink but for the fed speak back in march the dollar would be significantly higher than it is now. they just postponed the inevitable. i thought it was interesting today that bond market was able to rally as well. tlt down about a point, reverse closed higher on the day, that's interesting. it tells you that rates still want to go lower, and i think in terms of the broader market a scarcity thing going on with stocks as you continue to see the m&a news it's just going to continue to fuel the fire for the broader market. again, the transports seemingly found a bottom today. the russell continues to show relative strength. i think as long as the iwm continues to stay above the 121 level it's going to feed the broader market. >> what were you saying charlie? >> i was listening to the comment about the dxy and where it's going. this combination of divergent monetary policy and the fed at least being on standby whether they pull the trigger, but at least sounding like they're going to be mo

. >>> sara eisen for a market flash, i checked and she's here. >> i am here watching united rentals hittingsion lows right now. it's off over 9%. that's why we're keeping an eye on it. it's also the worst performer in the s&p 500 right now. it's a rental equipment company and it presented at the key bank capital conference this morning. united rentals may have made some pretty downbeat comments at the conference when it comes to its may activity. year to date the stock is down almost 7%. back to you. >> thanks very much sara. >>> let's go to sharon with breaking news. sharon. >> we are following a dow jones report at this hour where jpmorgan is now announcing that it's laying off 5,000 employees by next year. they're expected to layoff this many employees by next year and they could lose thousands of tellers within the last -- in the next two years. they're saying that overall the head count has already fallen about 20,000 from the 2012 peak but keep in mind that the layoffs that they are expected to have by next year the 5,000 layoffs will not necessarily mean that the overall head count w

sara eisen has business before the bell.es highsman winner jameis winston of rain. he accuses her of mounting a media circus based on greed. jessica luther has new reporting on the duelling lawsuits just ahead. you're watching "morning joe." we'll be right back. now the world's number one natural gas producer... and we could soon become number one in oil. because hydraulic fracturing technology is safely recovering lots more oil and natural gas. supporting millions of new jobs. billions in tax revenue... and a new century of american energy security. the new energy superpower? it's red, white and blue. log on to learn more. sal khan: khan academy is a not-for-profit, with a mission of providing a free world-class education for anyone anywhere. if you look at a khan academy video, they can cover everything from basic arithmetic to calculus, trigonometry, finance. you can really just get what you need at your own pace. and so, bank of america came and reached out to us and said 'we are really interested in making sure that eve

we have sara eisen here. sara what's the news on wall street this morning?onsumer and worried about it. i have to say joe, we've been getting earnings from retailers. kohl's this morning disappointing. macy's yesterday also disappointing. then we got the government report on retail sales in the last 24 hours, absolutely flat. so that spring rebound everyone was looking for when the weather cleared up not exactly happening for the american consumer. not to mention those savings the consumers were supposed to get from gas prices. looks like they're saving that money. >> sara, what's wrong? what's happening here. you were right we are hoping maybe the first quarter was low because of the bad weather. this is continuing to april and if consumers aren't spending money, that's a big problem isn't it? >> it's a big problem because consumer spending is 70% of the u.s. economy so you need to see consumers pick up. there are some temporary problems these retailers are citing like the port congestion on the west coast, those port strikes. not allowing all of the invent

. >>> welcome back to morning joe, i'm sara eisen live on the floor of the new york stock exchange withocks closing at record highs yesterday. high drama on the trading floor around the stock of avon. the cosmetics maker. the stock had to be halted yesterday three different times after surging on reports it was getting bought out for more than $8 billion by ptg capital partners. the problem, ptg was a fake, the entire thing was a hoax and now it's raising all sorts of questions about how a fake firm could file a bid with the regulatory agency, the s.e.c. very shady story one people are looking into. >>> also, a california man is suing uber and its investors saying the founders and investors stole the idea from him. the man is named kevin halpern. he's filed lawsuits previously for other startups for stealing ideas. he says that ceo of uber travis kalanick stole the idea from him. the problem was, it was only an oral agreement he doesn't have anything actually on paper. and there could be an egg shortage, or be prepared to pay higher prices for eggs because there's a bird flu out break i