. >> simon hobbs, counting you down to the close of the uk and across continental europe. >> europeans aren't off their lows, they've cut their losses during the session. consumer confidence has fallen in the eurozone for the first time in five months. the european commission is saying it's because of the situation with greece. actually the greek situation appears to be slightly better today. you've got four key players talking about significant improvements or significant progress in the talks, the negotiations with the greek government and the bonds have rallied in greece, particularly at the short end. the yields are coming down. the banks have done well today. overnight corey, one of the main players of the ecb said they would continue to fund greek banks as long as they were solvent and today the ecb announced another one 1.5 billion euros in. top gainer is the truck giant volvo. announcing it's replacing its ceo. it's earnings beat. on the down side tesko, once the dom month supermarket in the uk. unveiled a $10 billion loss, a lot of it has to do with one-off charges and writed

simon hobbs, shaken not stirred, back to you. >>> even in today's tight housing market nearly 3/4 ofor sale are considered stale. in other words, they've been on the market for more than 30 days. why is that so bad? diana olick is live on the streets of d.c. with more. good morning. >> reporter: good morning, simon. i often stand in front of random houses to give my housing reports about the market in general. today, i want to talk about this house in a really coveted, expensive d.c. neighborhood with great schools. it's been on the market since the end of february. even though inventory in this neighborhood is down 24% from a year ago and demand is very strong. it has been fully renovated, pristine inside. owned by a builder, in fact who is flipping it. so the question, why isn't it selling? the realtor said it was priced too high at $1.45 million. the bigger problem may be this. pretty much every potential buyer has the ability to find out every last detail about every house, every comp every block of every neighborhood and most buyers are suspicious and just trusting given everyth

banks down, europe down, guys, back to you. >> thank you very much simon hobbs.these reports regarding iran and a u.s. cargo ship. dom chu has more back at hq. >> we're going to try to clarify the details here. when we do know now is there has been a cargo ship seized in iranian territorial waters, but it is not a u.s. ship. what we know per a department of defense spokesperson is that iran has seized a ship, but it's the "mersk tigress" that's a danish shipping company and the "tigress" was flying under the marshall islands flag. per the same defense department spokesperson cited by "reuters," there are no u.s. citizens aboard this ship. however, the pentagon is also saying there are u.s. military presence in the area and that they are monitoring the current situation. that chart that you're looking at right now is nymex crude oil, you can see when the reports first came out, that pop, that spike in crude oil prices, we've now given up pretty much all of those gains. we're now flat on the session for crude oil. so john, just again to be clear, per a pentagon spo

simon hobbs, it's all yurs. >> it's all david faber's next.he ceo of morgan stanley for an exclusive interview after the bank's better than expected quarterly results. the technology changes the design evolves the engineering advances. but the passion to drive a mercedes-benz is something that is common... to every generation of enthusiast. the 2015 dream machines, from mercedes-benz. today's icons. tomorrow's legends. visit the dream machine event today for up to $3,500 towards purchase. >>> good morning, i'm sue herera. here is your cnbc update at this hour. senate reached an agreement to pass the anti-human trafficking bill which has been held up since february. this will pave the way for a vote on loretta lynch's nomination for attorney general. republicans had been holding up the lynch vote until action on the anti-trafficking measure was taken. >> blue bell creameries is pulling all its products from store shelves after two samples of chocolate chip cookie dough tested positive for lysteria bacteria. they distribute their products in 23

i'm carl quintanilla with simon hobbs and david faber. cramer is off and sara eisen is in washington. we'll have a series of big interviews including stanley fisher and the eu trust complaint against google and world bank president jim young kim. we wade through earnings from goldman and city. try to hang on to 55 and the ten-year around $1.08. netflix shares poised to open at all-time highs. they did beat expectations. netflix issuing upbeat subscriber guidance for the current quarter. we know what happened to the shares after the bell last night. up 12% to $530 and change. fpr with a price target of $900. i thought that $750 the other day was aggressive. >> i don't know what the implied multiple of 900 is. subscriber growth is what shareholders are most focused on. not earnings per share or anything else. there is no doubt netflix did better than its own estimates and many of the estimates of analysts that follow it. international becoming an important part of this company. the margins over there start looking worse rather than better.

welcome to "squawk on the street," i'm carl quintanilla with david faber sara eisen, simon hobbs.r is off. futures in a tight range. chatter around ge's move to dispose most of ge's capital authorizing a big buyback. a big move in oil after what has been volatile week. the ten-year crept up to 1.93. >>> reroad map, blockbuster news out of general electric selling the bulk of g.e. capital, $50 billion buyback. stock's up 7% in premarket. we'll get faber's exclusive with jeff immelt. >> apple watch preorders began at 3:00 a.m. large lines absent this go-round but online models not available until june or july. what does it mean for sales at apple? >> retail moving in premarket. gap down 2% despite posting stronger than expected march sales. >> stock futures are edging higher here all hail to the power of qe abroad nikkei surging past 20,000 for the first time in 15 years and equities in europe are now at a new record high. >>> we will start with our news of course involving general electric, released this morning at 6:30 a.m. the company effectively exiting the financial services bu

simon hobbs, shaken by not stirred, back to you. >> rick thank you very much.e program, tesla seeing a big jump in its stock over the past week. up more than 10% to $26 billion after record-breaking sales and now news that the company is upgrading the model s. what next is in the road for tesla that after this. doug. you've been staring at that for awhile, huh? listen, td ameritrade has former floor traders to help walk you through that complex trade. so you'll be confident enough to do what you want. i'll pull up their number. blammo. let's get those guys on the horn. oooo looks like it is time to upgrade your phone, douglass. for all the confidence you need. td ameritrade. you got this. it took tennis legend serena williams, fencing champion tim morehouse and the rockettes years to master their craft. but only moments to master paying bills at chase.com. depositing checks at the atm and transferring funds on the mobile app. technology designed for you. so you can easily master the way you bank. >>> 10.9 million barrels that was the build on crude inventories

. ♪ >>> let's bring in simon hobbs as we get you to the close in the uk and across continental european see a good rally, the stage was set early with some good confidence data from germany. the efo survey rising to a ten-month high. the momentum may be slowing according to jp morgan. the greek stock market is up over 3%. take a look at this video shot in latvia. as the finance ministers of the eurozone gathered earlier today. take a look at the greeks, look, if they were isolated at the beginning of the meeting, boy, were they isolated by the end of it it's widely reported that during that three-hour closed-door session, the rest of europe accused the finance minister of being an amateur, time-wasting, gambler, back-tracker on commitments, a lot of smaller countries are angry that greece could cause them financial turmoil. i don't know where that leaves the negotiations, but certainly it was tense today in riga. >>> top gainer, one of the top gainers, electro lux, swedish appliance maker is saying it thinks it can get another $50 million of synergies out of the ge appliance buy in th

interesting weekend over there, simon hobbs is here to count us down. >> west european stock marketsouncing down, they're only up about 0 .6%, obviously what's happened in china is the basic weasel stocks. greece remains front and center. we have a decree from the greek government from all municipalities to send the spare cash they have over to the central bank. we knew this was coming because the deputy finance minister said it last week, but it is still an indication of course of how tight finances are and the greeks are running out of money. seventh straight session you've got selling or dumping. great term depth. meantime, this is a list from rbs of the bills that he has to pay. they say that the next three weeks are going to be absolutely critical. the red line's for greece, it refuses of course to cut pensions or wages or introduce new taxes or sell state access and can't do a deal with the rest of the group to unlock the cash it needs to pay bills. friday was supposed to be a deadline with the meeting. now that seems to have kind of just been passing and people don't expect re

simon hobbs here to wrap up the european close today on this monday, hey simon. >> hey carl.ally slowed, the bulk of the market's down. but you don't see that from the headline figures. don't forget, up 20% year to date on the stock 600. what's interesting now is the european central bank which has a meeting on wednesday may find that as a result of the move on the euro, it's actually in a position where they have to lay down, talk the taper early before 2016. just above, almost negative overall, not negative, but on the verge of going negative. the global minders listed in london have had a bad day today. downgrade from citi, because of oar prices. angela merkel in particular. and s&p angle because of the negative watches. . you see those guys have had a bad day. in frankfurt, however, volkswagen stopped not really moving despite the fact that its chairman, ferdinand peach is looking isolated. you probably saw on friday he criticized martin over the weekend, you had porsche, 51% shareholder and vw coming through with support for the ceo, another big shareholder, and the labo

. ♪ >>> let's bring in simon hobbs as we count you down to the close in the uk and across continental for europe as you can see. european equities have edged higher during the course of the session. as we got the european central bank meeting, press conference, in frankfurt today, the stock index up 21% year to date. the euro trades below $1.06 u.s. at the ecb news conference, a terrifying moment for ecb president mario draghi. a woman broke from the journalists, apparently enter front of him. jumped up onto the desk and threw confetti over him. terrifying from his perspective, if you don't know what's likely to happen. a clearly a major security breach at the heart of the european central bank. which is not a national authority. it doesn't have its own security forces. it there will be hopefully as far as many people concerned, heads will roll. she's protesting the bank's, the dictation of the ecb. tension running high in europe over austerity. draghi continue the the news conference after an adjournment. despite the you see the low rates on the german bund. the maturities on the bun

let's bring in simon hobbs as we count you down to the close in the uk and across continental europe.off the grid here on "squawk alley." >> yes. personally yes, as a result of the change. for the markets, of course, you've had two sessions they didn't trade which was friday and monday and therefore what you're seeing here is quite a strong catch up particularly in, for example, the nordic region in norway where you have a 4% gain. that is an oil related economy in particular, oil related stock market and oil if you go back to the close on thursday up over 5% on brent. that's why the catch up is great. the oil majors across europe are leading the gains and they, of course, carry a lot of weight within the national markets. obviously with fedex coming through with 4.8 billion bid for tnt you've seen europe rise by tnt express up 28% and the national post service in the netherlands which owns a stake in that. royal mail in the uk, other players, are also higher. jpmorgan downgraded some of the airlines today. and you have seen a hit on air france and lufthansa in negative territory. ver

. >>> let's bring in simon hobbs, speaking of europe about to close on this thursday afternoon. >> you'llot of red on the european screen. can you argue that perhaps europe was ripe for a bit of profit-taking. even now with the losses, europe up 20% year to date. the southern european parts of europe. you've had more heavy losses here. the eurozone banks notably have fallen through the session. not just south european banks, but also those that are invested in a lot of the banking instruments around europe as well. deutsche bank, and credit aagricole there. people are getting increasingly concerned about greek debt. a six-month chart spiking up to 26.7. you'll see the accelerated selling on greek debt, a spike up to 1.67%. in d.c., christine la guagarde, "financial times" flatly turned down a request by greece to delay the payments they are due. this is a reaction to the s&p ratings cut further into junk territory yesterday. barclays is suggesting now that there is a rising probability that greece will exit the eurozone. it is more probable they say than it has ever been before. this in a

meanwhile bring in simon hobbs as we count down the close in the uk in about five minutes time. >> yeahd. we came above a previous record close here in europe today because of the power and the weight you have within the big oil majors if you like. we've fallen back during the course of the session. the big news clearly is the royal dutch shell is putting through this deal at a 52% premium over the last nine months to take over bg within the uk. bg, obviously, had surged royal dutch shell is down 5% so a heavyweight there falling into negative territory. inevitably a lot of the smaller oil and gas plays around europe and other oil mainers have risen in response as people say who might be next if there's to be further consolidation. this is a name that keeps coming up and come up in the program before. meanwhile, later breaking news within the european session, electrolux, remember it's paying $3.3 billion to take over ge's appliance unit. it's swedish. it wants to expand in north america. it is expanding in north america but warned its first quarter here is now going to be negative. it

simon hobbs to count you down to the uk and european close on a day where the greek nightmare deferrede. >> absolutely. the greeks have made this payment to the imf and we'll hear from christine lagarde in five, six minutes time. this is a standout session for europe. check out the figures. look at the strength of the rally we've had today. of course the backbone to this is that you continue to see the european central bank engaged in massive quantity of easing forcing the yield down further on sovereign debt. yesterday, not that switzerland is in the eurozone but the swisz was selling at yif yields. today the german bund we're down there at 0.16. we've come below that during the course of the session today. the bond market, sovereign bond market, is rising across europe and supportive for equities as well. as the corporate news. take, for example, france where you've got la farj surging it can do its deal with holson, vivendi, bowing to activist shareholders. the french market the pink line here, is catching up as you can see on the german dax for the year. they're up 23, 22%. the big

let's get back to simon hobbs and count you down. >> it's a powerful rally we have in europe.many's up almost 2%. today may be an important turning point in the debate over whether greece will exit the euro zone. the prime minister of greece has reshuffled his negotiating team with the rest of europe. it reduces the power it would appear of a finance minister who many in europe regarded as being abrasive. you saw that on friday's video, but the rest of europe turned on him at that meeting and suggested he was a gambler and chancer, now he's being sidelined, it would appear in favor of two allies of the greek prime minister. this after of course he spoke to angela merkel yesterday and the dutch finance minister and also talk to the german chancellor later in the week. meanwhile, it would appear he's acting on the yields. look at the yields. this is the short end of the greek curve. we were up at 30% yields, within the last week or so. you see the way which it's rallied and the yields come back down. greek exit looks less likely, and you look at the polls come through in greece.

simon hobbs.we come back, we showed you what demand looked like for the apple watch in new york city but what about the rest of the world? we're going to check across the pond. out west. plus inside the netflix war room as its show "daredevil" launches across the globe. some pretty cool video you will want to see with the dow up 88 points. we will be right back. you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me. >>> i'm courtney reagan. here's your news update at this hour. secretary of state john kerry and cuban foreign minister rodriguez held talks at a panama city hotel last nig

i'm with sara eisen and simon hobbs. david is alive at 13-d monitoring the active investors summit.avid in just a few moments. in the meantime markets are holding up here 42 points after a weak premarket. s&p going for four in a row, something it's not done since january, and also wiped out all of is the march --. >> let's get the road map for the next 60 minutes. the race for 2016 is heating up with hillary clinton officially announcing marco rubio expected to announce later today. >> plus a big week for bank earnings. it is the second worst in the s&p so far. will first quarter results help turn things around. >> the china stock market shrugging off that dismatt data. is it a bubble? do you need to care in goldman's chief asian equity strategist will join us live. >> a huge lineup. faber will talk exclusively with jana's barry rosen stein. >> keep an eye on these markets, the dow is higher today, not a lot of action but it is a big week of earnings coming up. banks kicking it off with jpmorgan and wells fargo said to report tomorrow. should investors brass is for a volatile quarte

i'm carl quintanilla with sara eisen, simon hobbs and david faber back again at post nine.fourth day in the red. s&p back to 2093. a lot of things circulating including the dollar euro german bund. >> good to have you guys back. cigna reporting a big rise in revenue for the first quarter. the stock's already up more than 20% this year. the ceo will join us live for an exclusive interview. >> ford making moves in the tech industry. mark fields the ceo of ford will weigh in on that in about a half hour. >> virgin america out with its first quarter results today. we'll talk to david cush about what is next for the airline. >>> coming up lighter an exclusive with the ceo of time warner cable. he will be live at post nine. we'll talk about comcast, reports of a possible deal with charter and the company's quarterly results. >> the start of the last trading day of april overshadowed by now the fed conceding six years into the recovery the economy hit stalled speed. it's not news that winters are cold, points out an editorial in this morning's "wall street journal." it goes on to

i'm simon hobbs here with sarah eisen still back at post 9, linking you into the action here carl. >>today, as we have the nasdaq hitting new highs. s&p 5002125, despite some downgrades for big companies posting earnings this week. we'll get to all of that in a moment. sarah? >> let's get to the road map for the hour. we're live at our new francisco bureau. where roger mcnammee will be joining us for the hour. we'll go live to cupertino for a preview of many apple's report >>> and toe bias will be here as the s&p notches new all-time highs. >> later in the next hour the ceo of lam research will join us for a first interview, live from one market in san francisco. he's speaking out for the first time since beating expectations for the third quarter, plus of course, his read on the semiconductors. carl? >> the next few days are pretty packed, of course who imperil to help us that is the one roger mcnammee. roger, welcome to our new home. what do you think? >> welcome to our city by the bay. we have arranged for a lovely morning with bright sunshine. >> this is nice. >> it seems like the

simon hobbs is off today. a lot of earnings to work with today regarding large cap multinationals.ory may come regarding securities regulation in china. worries about greek debt and oil which has been a huge winner for the week. >> steep doe kleins we are seeing in europe with the german dakotas. that stock market down almost 2%. you are seeing it across the board. germany hit particularly hard as the money flows into german debt with that ten-year yield floating closer into negative territory. interestingly enough our debt though is not getting bought on this global sell-off. it's getting sold-off with yields higher today. >> the preliminary is better than expected. high water mark was in january at 98.1. that was an 11-year best. let's look at leading indicators, up 0.2. darn close to expectations. last month loses 0.1. it's the shorter maturities you want to match and the 130 level in the five-year note. back to you. >>> we are keeping an eye on breaking data. we've got inflation data coming in this morning. steve liesman is back at hq with more on what we can make of this rash

good morning, welcome to "squawk on the street" i'm carl quintanilla with simon hobbs, david faber atyork stock exchange. sara eisen live in washington where she'll be speaking to christine lagarde of the imf later on. we'll check in with sara in just a few moments. >>> first, the markets have given up early gains, dow's down two points -- s&p up fractionally. oil's the story, along with retail sales and m&a, which continues to chug along. let's get over to jim youriuorio. >> we got the wholesale sales and inventories numbers and they were disappointing. the sales number came out at down .2. expecting plus .3. the inventories numbers came up at plus .3 expecting plus .2. what we wanted down here was to see a decent sales number compared to the inventories number to try to convince yourself that we're chewing up inventories and that was going to cause a need for great he production. we didn't see that. stocks traded up on this maybe because a tightening is less likely. ten-year yields 1.91 where it was when it started. simon. >> thank you for that. so 17,906 on the dow. european equiti

welcome back to "squawk on the street" i'm carl quintanilla with sara eisen, simon hobbs, david faberof the new york stock exchange. few things working in the market's favor today. deal activity eurozone pmi's pretty good and dovish talk. we'll keep our eye on than dow's up 43 points. >> our road map for the next hour. stocks in the green today. one day ahead of the unofficial start of earnings season. david kostin chief u.s. equity strategist for goldman sachs, live on this set with his outlook for the markets. >>> plus speaking of earnings season, negative expectations are piling up but that might not be a bad sign for stocks. >> after a $6.4 billion deal igt one of the biggest names in gaming. the ceo of igt will be with us live to give us his look -- his outlook for gaming and what's ahead for the new company. >>> later, the ceo of el ppolo loco, his take on fast casual the run-up on the stock and how the company's affected by the california drought. >>> a nice rally on our hands after the wild sea saw yesterday. unofficial beginning to earnings season begins tomorrow alcoa, goldm

let's get back to post nine and simon hobbs. >> here in new york, it's btig charity day and with it comesbob pasani, let's cross live to him now. hi, bob. >> we're having a lot of fun here on the floor of btig 12 years they have been donating everything on this day to charity. $30 million. steve starko is the founder behind me he's been trading all morning. look who is joining us here shaquille o'neal here since the very beginning. shaq your charity day tell us what it means for you? >> i've been here on behalf of apollo jets and steven starker, good friends of mine. i met steven many years ago, he told me about the calls, great cause, make a call, make a trade, make a difference here at btig, the charity of my choice is odessa quality of life fund. my mother's charity. this is 1995 we've sent about 150 nurses to nursing school. my grandmother who passed away of cancer in 1996 we raised a lot of money to send nurses to school. so steven palagonia of btig this is a great cause. >> and you've become a tv commentator in the last couple of years. tell us what that's like and how you're enjoyi

simon hobbs joins us now with marriott's ceo with a first on cnbc. >> thank you, mandy. ns us from the new lobby. >> hey, simon. >> i'm trying to scare with these results what's going on. on the one hand we learn that the economy basically ground to a halt but your revenue per available room is up 6.9%. what's going on? >> we had a very strong quarter. i'm not sure i can tell you what's going on in the market today, but we had a really good strong quarter. on the high end of what we anticipated for our same store sales growth. and we see steady as she goes as far as we can see. >> i guess you're lucky 80% of your revenues come from this country so there's not such a big dollar effect and you're less exposed to cities like new york city where tourists are under pressure. within that why is the limited service sector doing so well? at one analyst put it at sun trust, cordurtyard absolutely crushed it this quarter. >> courtyard did very well but all of our limited service brands did well. i think a piece of that is the luxury hotels came out of the recession faster and so th

welcome to "squawk on the street," i'm carl quintanilla with david faber sara eisen, simon hobbs.s in a tight range. chatter around ge's move to

i'm carl quintanilla with simon hobbs and david faber.