. >>> smucker's is going to the dogs. known for its namesake fruit spreads, j.m. smucker's is going into the dog food business. they're going into the big hart business. it makes milkbone treats and purina cat food. pet food totals $21 billion in 2013. >>> and another example of you can't jump a book by its cover. ronald lived a quiet and frugal life in vermont. he worked at a gas station for 25 years and then a department store, but he had a hobby, picking stocks. and when he died last june at the age of 92 he left nearly $5 million to a local hospital and about a million dollars to the library. anne-marie? >> that's a great story. you never know what's going on behind closed doors. jill wagner at the new york stock exchange. thanks a lot, jill. >>> when we return, a college basketball powerhouse bans itself from the ncaa tournament. >>> and what happens when a 300-pound nfl player decides to watch his weight. player decides to watch his weight. through saturday! give her that sparkle... with fine and silver jewelry... and timepieces for all occasions. save even

good for jm smucker's. with a name like smucker's it has to be good. charles: appreciate it. (?)ll-star week. all-star panel. paul diedrich. global ceo and officer. jim. jim, what's the name of your firm? >> punts knell capital. >> we'll lean on you hard. what do you make of this market? >> you had a uk truce. oil is up. treasuries are stable and the news out of the suss good enough. charles: i didn't think about the geopolitical stuff today. anthony scaramucci founder and the hottest restaurateur in new york city. hillary cramer. she's with us looking smashing. (?) of course, matt mccaul with the matching tie. founder of penn financials. it was a huge, huge week. even though the markets were up a lot, we had to -- again, today was a perfect example. we had a seesaw where we're trying to find our footing. even today, at one point, the markets were trading. the oil rig count came out. another bad week for the oil patch. ninety-eight rigs removed. huge move in the oil patch. oil started coming down. the major indices started coming down. for a small moment we were in the red. just

sm smucker known for its jams and jellies.s $125, 18% upside. >>> steven is uping wendy's to overweight. overweight being the operative word here. is this bad? low blow. >> no. you will not be fried over that comment. >> their target on wendy's goes from 13 to 9. web bush morgan upgraded the stock and raised the tarring tote 13.ç wendy's corporate agreed to sell about 500 restaurants back to the franchisees. watch out for the red head with pig tails when you're walking down the street in manhattan now. >> she's mean. >>> up next, itt education, wells fargo is out defending this stock. >> this stock has been whacked over the last year. a government agency came -- actually the consumer finance protection bureau, the new one, came out with a decision that wells fargo thinks may have freed up itt over its corinthians college buyout. the stock is at 8:36. so almost a double seen by wells fargo. keep in mind, the stock has been down over 70% in the past 12 months. it's a big, risky stock. wells trying to defend it today. >>> iconics

take smucker, buying pet brands kibbles and bits go buy fresh pet. a recent ipo that offers fresh food for pets sold in nifty refrigerators at a chain store near you. why? how about richard thomas used to be ceo of meow mix. if smucker's can rally more than $6 million on the acquisition of the old company, the new one is far more natural and organic offerings, how much would a food company pay for that one? i bet a heck of a lot more than the $500 million that the fresh pet's commanding in market capitalization. here's the bottom line this is the scar face market. too many dead bodies to count. but with major gains, as well. remember that stocks are like vampires. they can come roaring back to mix movie metaphors, especially as they help themselves as the winners have been so many cases since the market's bottom almost five years ago in 2009. let's go to illinois. >> caller: hello, mr. cramer. >> yes. >> caller: the stock went from $23 to $4.55. but since mid-january, dropped 80%. >> yeah. >> my question -- >> go ahead. go ahead. >> caller: is this c

smucker, we have not mentioned yet.a $6 billion offer for big heart pet brands, maker of names you probably know. third biggest domestic m&a deal of the year. >> with a name like that. >> take you back to 2013 the highest level for smucker's since that time. >> i think pet food -- well up 7. it shows that smucker's actually stands competitive. i think that people ought to look at a company, fresh pet, $500 million, i think that people want fresh food for their pets and that may be a target. fresh pet. >> the animal business at merck, one of the few things they had some plus items in the revenue column. >> remember, you know this is animal health whether it be the zoetis guys are good. people want to treat their pets better than ever. if there was any food that i could have given tequila -- the name of my cat before i changed the name -- you could buy natural and organic food for your cat i would do it. >> what's the name. now it's -- >> it was don juan tequila. i changed the name because it encouraged underage drinking.

the maker of smuckers jam will be selling kibbles and bits. smuckers agreed to buy big cart path brand. kibbles and bits, now mix and milk bone. closing the gap addressing income inequality has become a mantra for democrats. now, some republicans have taken up the cause as well. a new analysis by the economic policy institute shows that the 1% is not what you think it is. i want you guys to check this map out. it only takes $228,000 a year to be the upper crust in arkansas. that is the lowest in the united states. in california, raking in $438,000 is enough to get you in the 1%. if you are in connecticut the threshold is $678,000. that is how much you have to make to get to the upper echelon in the united states. my special guest host, nouriel roubini with me because he has talked quite a bit about income inequality. what does that map tell you? >> the differences in average incomes in different parts of the country. in some parts of connecticut manhattan, with high home prices, it takes being a millionaire to be in the top 1%. >> if you earn

smucker up 1 % and so on.ts or because they were simply able to push price increases along in the past and keep them? >> well it's both. falling food costs do two things at the same time that are both great. they make the products more affordable to the consumer. particularly that middle income consumer who really has been beaten badly in the past five years. relative to high income consumer. the second thing they do is provide a tail end to companies that request hold on to that pricing. those cost moves are great, and that's helps hershey and smuckers in the industry as lot. >> as we see the pullbacks and some of these agricultural commodities these days which tox stocks will benefit the most from this and when will we start seeing that benefit? to answer your question, you look at dean foods chshgs we like a lot. prices after multi-year highs. the volume should help their profits considerably. we like that. we do like hershey. frontal boundary you look at what coffee has done this year unexpected and dramat

dominic chu with big news for smuckers shares. they're responding positively. the u.s.nment announcing nearly $1.4 billion settlement with standard and poor's over its ratings. what, if anything, has changed in the credit rating agency since then? we'll get you some answers. >>> and then -- >> the hope is that we will actually see that it is a net positive over five years and that we will renew it and hopefully this is a step towards making it permanent. >> that was senator rand paul telling me yesterday why he thinks an offshore corporate tax holiday this time will work so well even democrats will want to make it permanent. is he right on that? we'll talk about it coming up on "the closing bell." stay tuned. take a deeeeep breath in... and... exhale... aflac! and a gentle wavelike motion... ahhh-ahhhhhh. liberate your spine... ahhh-ahhhhhh...aflac! and reach, toes blossoming... not that great at yoga. yeah, but when i slipped a disk he paid my claim in just four days. ahh! four days? yep. see why speed matters, at aflac.com. why do we do it? why do we spend every wakin

and smucker buying a pet brand company, a deal valued at $500 billion.he cash and stock deal boosting debt. kibbles and bits, meow mix, and other classic pet treats. 2.4 billion dollars in sales for fiscal year 2016. and apple has raised six point $5 billion in its latest bond sales, taking advantage of lower interest rates, and the 30-year deal has got a 3.45 coupon. $158 billion of overseas cash without having to repatriate it and pay taxes. apple has now raised the equivalent of $39 billion in the bond market in less than two years. and sales of "grand theft 5" up, and that is helping take two interactive. doing quite well. millions in digital sales tied to that one game "grand theft a uto," alone. all right to the lead. the fight is on for the future of transportation, and who go up against one of the companies it has invested in, huber. -- uber. they are also looking to set up a lab in the carnegie mellon home of pittsburgh, pennsylvania, and google is developing its own right share service. so which company has the leg up? earlier i asked what goog

jm smuckers buying big heart buying pet brands for $3.2 million.the maker of the popular meow mix brands. this is smucker's first into the pet food market. >> i don't get that. like peanut butter and jelly for dogs? >> yeah they're taking up a bigger space. were you're bigger you can get better sales. >> yes, you can. >>> in the meantime let's talk about aflac. i can't say it -- >> aflac! >> there you go. channel gilbert gotfried. after flak did meet expectations but the company said profits were hurt by expenses related to payroll changes. the stock down nearly 2%. the chairman and ceo, he joins us on more on the quarter. good morning to you. did you bring us the aflac question, do you know the answers usually when you see them on "squawk"? >> i know some of them but not all of them. you know they're written by different groups of people. and we as do sports. so i don't ever claim to try to know them. i just listen and enjoy them. >> dan, we think of you -- we think of a duck but we really should be thinking about japan, tell us -- a huge part of

look for results from smucker, trans transcanda and red robin. >> it's friday 13th and if you have af friday the 13th you suffer from a phobia that's too long to read. can you try that? >> that was wonderful. i'm just going to say that was good. but for the markets what does it all mean for marks? friday 13th isn't all that scary at all. historically speaking stocks are relatively flat posting a gain of 0.2%. the dow and the nasdaq are positive about 59% of the time. joining us to talk more about markets todd the author and founder of average joe options.com. i have been fascinated by the move in u.s. stocks right now. the s&p 500 closing at the highest level of the year. are investors not so worried now about what's happening in greece. >> good morning seema. good morning wilfred. i think that there's no place to go. going higher the dax, the lessening and cheapening of the dollars throughout the world is bringing more money. especially the u.s. we're the best game in town still. you get the best yield here so there's still money flowing in. we'll probably push through the high toda

better options out there than some of the names you mentioned, white wave and han equivalent and smuckerther names we have biratings on will give you dividends. but certainly for investors looking for yield and net safety from yield, i can think of worse options than the napes you mentioned. >> and in terms of overweight and interestingly snacks is a category with things going around in what jim calls the pantry. why is that? >> growth say relative term right when mongalees came out, they're down around 2% for next year. we look at that in our position as not that bad. if you look at what other food companies of size are guiding do it's negative. snacks are relatively okay. i think people look at snacks as a treat. they say most of my calories are not coming from snacks. i can give myself an oreo every now and then and it makes it worth while for them to do. if you look at what's coming across with snacks had healthy snacking is making a good run. nuts fruit snacks. inroads. so we don't think that less than healthy snacking will be as strong as a few years ago. >> plus there are new flav

smucker's deal between the deal this morning, potential deal overseas mall corp acknowledges it's potential>> that's a russell thing, too. >> the -- staples crushed yesterday. people saying antitrust here it's one to two, a bridge too far. today it's flat up two cents. seemed to have stabilized in number one sector for u.s. m&a so far this year health care. >> health care. >> 25 billion. this time last year 16 billion. >> we'll see, remember when rich kinder said we'll see a lot of deals in oil patch soon. >> i'm hearing that. >> are you hearing it too? new money that blackstone's raising. you'll hear deal after deal. >> health care as carl said those are areas i'm hearing. and i think there's more coming. >> hard to be as bearish as you'd like to be off of the macro when you know companies are getting together. i have been trying to do about the piece, the break up value, companies combine. give me baxter break up baxter. you feel like -- you feel energized by it. >> yes. somebody doing something. let's get to bob pisani on the floor with the dow up about 90. bob? >> a lot of things going

had the jms smuckers deal. >> about 20-plus billion in financials. >> i think you were saying tease wereoing to do very well but there was a flattening of the curve. >> i think naturals rank among the positive sectors for the s&p 500 in terms of earnings for the first quarter. >> aren't they the second-worst performing sector, though? >> in terms of performance, i think it's dragged down by some of the major money center banks, but if you look at the insurance companies have done well. you look at the asset managers have done well. black rock for example. >> really quickly, apple's market cap at 760, is two times any other public u.s. company. i don't know if that's ever happened before. >> i guess you have to go back to maybe when microsoft was at its pinnacle. about 500 million. have to go back into the archives. >> unbelievable. rich, thank you. good to see you. rich peterson. s&p 500. >>> ahead on the show the eurogroup agree to extend greece's bailout for a few more months, but will it be approved will it hang? charles dallara, the chief negotiator for the greek financial crisis, wi

. >> when we come back, a flurry of deals this week pfizer smucker's, big heart pet brands staples anddepot. what's ahead for the rest of the year? your mom's got your back. your friends have your back. your dog's definitely got your back. but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years, we've helped millions of people protect their families and run their businesses. we have the right people on-hand to answer your questions backed by a trusted network of attorneys. so visit us today for legal help you can count on. legalzoom. legal help is here. i've been called a control freak... i like to think of myself as more of a control... enthusiast. mmm, a perfect 177-degrees. and that's why this road warrior rents from national. i can bypass the counter and go straight to my car. and i don't have to talk to any humans, unless i want to. and i don't. and national lets me choose any car in the aisle. control. it's so, what's the word?... sexy. go national. go like a pro. ♪ >>> welcome back to "squawk on the street," shares of madison square g

smucker is behind the folger coffee brand.iler would be hurt by deflationary pressure in the u.s. apparel market as well as a stronger dollar. conagra cutting its full year profit forecast due to both a stronger dollar and weaker sales. separately the company also announced that former hillshire ceo will become its new chief executive officer. campbells soup cut its forecast. and it too, is citing the negative impact of a stronger u.s. dollar. they should be selling a lot of soup on the east coast. it must be the stronger dollar with all this cold weather. and power producer dte rising this morning. 12 cents above where expectations were. >>> all right. when we come back this morning, we'll get the latest read on import/export. that's on the way. then more of the at&t chairman and ceo randall stephenson. plus we have glenn hutchins with us on set. he's going to talk to us about what he sees in terms of cyber terrorism and net neutrality. dow jones futures right now up about 35 points. s&p futures up by 3.5. nasdaq up by 12.5.

she bakes beach cobbler with smuckers jelly.watch al roker on television. she loves his weather forecast. she is a class a lady. from ridgeville ohio is 100 years old today and loves model trains. this is george from palm bay, florida. 100 years old today. and one of his big things in life that keeps him young is spores. you can't beat it. i love birthdays. nice parties and ice cream. come see us. >> all right. >> we will. we love the super bowl as yesterday. >> so good. >> if there was one we liked, it had to be the ad we did for the "today" show. >> they did an ad? >> it was 30 seconds, but there was an extended dance remix. it's a few seconds. we have a few extra seconds. we would love to show you the hard work of a lot of people and we had a good time putting it together. the 60 second version and >>> good morning, i'm tracy davidson. a messy monday morning outside. let's get an update with first alert meteorologist bill henley. >> icy and still a bit dicey in some of the suburbs. in the pocono mountains we've watched snow t