and we'll go back to wilf. i feel like wilf is a member of the show these days.ll get an update from him as well. >> he's shown us he has a very, very well-developed french accent. >> he's proud of that. >> we'll test that out with him today. kayla, great to see you on set this morning. >> great to see you. >> we have a throwback thursday girl song. >> all right. back to you. >> see you soon. >>> still ahead, the dous posting another big loss yesterday. will slide continue today? we'll get you ready for the trading day just ahead. jack caffrey will join us. "worldwide exchange" will be right back. is the new new york. we are building new airports all across the state.w york. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov you...smells fine, but yourin your passengers smell this bell dinging new febreze car with odorclear technology cleans away odors... ...for up to 30 days smells nice... breathe happy, with new febreze. >

i don't know either. >> wilf, i might have guessed that. we do have the makeup artist, bobby brown. make up artist and e entrepreneur. she will be joining us today to talk to us about her new venture. she has a new book out. she has left her company, bobbi brown, but she has a flu company she's starting up. she will work with lord & taylor withstand-alone retail shops that show all of this she's chl. he's a great entrepreneur. >> also about the decline of department stores. >> is this the time to be going into retail when things are disintegrating everywhere you go. >> for some reason, no matter what i hear about the doom of department stores, the makeup counters are always busy. thank you. >> thanks, guys. >>> "squawk box" up in ten minutes time. >>> still to come on "worldwide exchange," we're setting you up for the trading day ahead. you'll hear more from the market strategist who is bullish. we'll be back. >>> welcome back to "worldwide exchange." quick check of futures. wall street's setup looks to be relatively calm and stable despite an almost 5% drop for ibm, which is one of

wilf says all of the recent big e—mail hacks have involved one of these servers being compromised — andbility. so those vulnerabilities, we have identified six core ones that encompass 100% of hacks that have occurred to date. will's solution is a $199 box that acts as your own personal e—mail server. it will talk to other e—mail services, but where it comes into its own is when it connects directly to another nomx box at the other end, the pair of them replacing the cloud servers that your e—mails would usually flow through. that means no copies are stored anywhere, but on your box and the recipient's. the idea has caught the imagination of some in the security industry, who have called it a "personal cloud on steroids" and will himself has become a bit of a star, being interviewed on us national television and elsewhere in the media as a security guru. so what you're pitching here is that you can make a black box, that black box there, that is more secure than a multibillion dollar compa ny‘s servers? absolutely. it's been proved they're vulnerable, my question is to you is — you're n

the other thing that -- i don't know what you thought about this wilf, you know what's happening this> it's going to be the mafster. >> it's tough to pick the team that wins out of 64 teams for march madness which may happen for me or the producer of the show. the producer has gonzaga. and a couple of us have north carolina. that's tough enough. it's even harder to pick who is going to win the masters, except one guy who should win every tournament he plays and he has been, that's d.j. dustin johnson. he's number one in the world. so, i'm going to be watching him. >> it's going to be some brits in there as well, though. >> you never know. >> we're not as good as we once were, we're still out there. >> absolutely, justin rose, he's a great guy. i almost wish he would win. he's a great guy. i wish i could watch the night -- did you see what time it comes on? 9:15? 9:15, it starts at 9:15 -- >> "worldwide exchange" and "squawk box" anchors not watching that. >> anyway, we'll talk china. that's another big deal. gorsuch. that's another one. >> they want to take their show back. >> right n

. >> wilf, there's one big debate which chirac famously demured from participating in. wonder if macron has made statements about whether he'd face off against le pen in a debate. >> in terms of a television debate, i'm not sure. there were three in the last round in which in fact mr. melenchon -- i'm not sure to be honest if there's a television debate at this stage. >> the markets are watching everything between now and may 7th. wilfred frost in paris. >> can i point out that wilfred frost was out there saying that maybe the polls could be right and that this was not something that if you followed him was all that surprising and congratulations, because it was certainly a different calm view into the election. i really appreciate what he's done. good reporting. >> do you think it was an affirmation in polling of sorts? >> yes. i think the high water mark was the netherlands when they failed for nationalism. the you follow what wilf is saying, there's more of a globalist, pro euro feeling out there than people realize. the euro, really running here. i think that does m

plus, have you read your new york times this morning, wilf? >> i haven't.ben bernanke. >> i will read it straight afterwards. i will buy a bagel, coffee, sit down, put my feet up and read my favorite column. >> thank you. welcome back. >> thank you very much. i have a question for wilbur ross. >> you have a question for wilbur ross? that is? >> who is top of the list for a next free trade deal? europe, eu or the uk. a lot of debate back home about whether that promise will slip or not. we will ask the question and properly credit you. >> ankthanks, andrew. futures at this hour pointing higher. holding on to yesterday's rally. the same across europe. slight gains after a massive rally. joining us to discuss is darrell cronk. darrell, good morning to you. >> good morning. >> were you surprised by the level of rally we got off the back of that french election result and the global nature? >> i don't know that we were surprised. what you're doing is extracting some risk premium. when you looked at activity yesterday, there was unwinding of the hedges domestical

we'll get to wilf in a second. congressman, we should thank you. we have to run. wanted your views on glass-steagall. come on back. in the mean tile, wilf has that report. >> i haven't got much more than what you just flashed. eps, 1.65, the consensus was for 1.52. a big beat there. revenue, 25.6 billion. the consensus expectation was for 24.9 billion. just on the front page, looking at the loan growth number, plus 9% core loans year on year, plus 1% quarter-on-quarter. looking more like plus 1% and plus 2% in terms of the you're-on-yeyou'r year-on-year number. we'll dive through the rest of the numbers and get back to you shortly. >> thank you for that we'll have much more reaction to jpmorgan's results still ahead. as we dig through that report, marty mosby will join us at the top of the hour and talk banks and what it means to the economy. >> it's okay to favor one set of industries with the export import bank but not when it -- >> come look to me as your foil this morning. >>> coming up, the lawyers for the passenger dragged off that flight -- shocked, he got

. >> wilf, i think that's really strange about the youth vote, that's very strange.s that it? >> well, no, there's a crucial factor here and that's what youth unemployment is because overall employment in france is about 10%. it peaked three years ago at 11.5%. youth unemployment 23.5%, peaked two years ago at 25% so very little improvement on the youth unemployment rate and that has been a big factor. but what has been fascinating here is how close that youth vote is with melenchon because he was the far left working class person that championes tho those unemployed but in fact the split between the young very close between them and raises the question of what melenchon supporters will do in the second round. >> she is seen as -- in this country i can't imagine anyone young would vote for someone that has been, you know, sort of stereotyped in a negative way as being far right. i understand the bernie sanders guy, but then i would have thought that macron would have, you know, young and -- i don't know, i think that's really strange that le pen has the youth vote. >

. >> we'll see wilf throughout the morning. we'll talk about earnings. let's get reaction to the broader markets. joining us is steve parker, head of the thematic equity, and joe tanneus. guys, let's react to what we just saw with theresa may. what do you think about this move? does it have a broader impact on the markets? we saw things reverse for the pond. there's weakness in the equity markets. >> we had a busy election calendar already, so let's add one more. i think the markets reacting as tamely as they have tells you that investors are starting to look through to the fundamentals and not allowing some of the political noise to cause knee-jerk reactions. we have to remember here, and last year taught us an important lesson, the political news can cause shrtd markort-term market but we have to focus on the long-term. >> joe, there was a note that mark grant wrote over the weekend that struck a chord with me. he didn't think that a lot of the political turmoil would carry out with the brexit or with the elections in the united states. he was right on

this woman, le pen, i read this weekend and today, i have been watching wilf when he covers the electionshe's far more sophisticated than a lot of other people in terms of knowing what others don't know. and it just -- this does seem like the center -- like the terrible terrorist action played right into her hands. >> one last note. citi looks at if le pen were to take it or wind up in the top two, the chance that u.s. equities could outperform as we saw in some instances in the eurozone debt crisis. >> well, that would be amazing. europe doing incredibly well. it's not like -- the french companies are doing that well, but the idea of us outperforming on that requires interest rates to go higher and i think that they would conceivably go lower if there's a rush of capital out of there. i see oil going down. i see rates going -- rates going down and the twin bull killers. >> because we're in the environment where the equities applaud rising rates, vote of confidence in growth and that kind of thing? >> this would be the opposite. so i don't get that. i do get the idea that our companies ar

that's a very real-looking -- what is that structure called behind you, wilf?f media matters watches, i want them to write a story that i didn't know the eiffel tower. you're in paris? >> i am, indeed. it looks almost as real as the one in las vegas. any way, let's get to the point, three days away until france goes to the polls to pick its next president. four candidates with a chance of winning. let's look at the odds of who is most likely to win the first votes. marine le pen, the far-right leader of the national front party.icy she has. but she's not likely to get to 50% of the votes, so round two who is likely to be the president at the end of this whole process? there le pen drops to third place. the forgave sit the favorite is the centrist, mr. macron. i want to use a newspaper to highlight some thoughts. the left-wing newspaper has a title that reads "the battle for the working class vote." the picture, marine le pen of the far-right, jean-luc melenchon of the far-left. the working class vote could be won by the far-right or far-left, donald trump and b

wilf, thank you. >> i'm wearing the french flag, there we go. >> we'll check back later this morning.a couple of french words. sabotage. >> what's the one you always make fun of me on. >> cordon bleu? >> vigilante? >> vigilante. >>> turning to corporate news. tesla recalling 53,000 of its model s and model x cars globally due to a parking break iss brake issue. the carmaker says no accidents or injuries have been reported. adding that less than 5% of the vehicles being recalled may have been affected. >> and steel prices are up, some interesting news this morning about how much steel we have been buying from folks abroad in the three months since president trump became president. sony shares on the move after the company raised operating income forecast by almost 19%. the company posting its pre-tax income forecast. >>> coming up, general lek tlel set to report in a couple minutes. we'll bring you those numbers, instant analysis as . first, a look at yesterday's winners and losers. dear predictable, there's no other way to say this. it's over. i've found a permanent escape from monoto