Looking for record territory of their own. Shares of best buy set for a nice gain after earnings ahead of estimates. Well tell you why its still about the tablets. Strong demand for jeep brand helping sales at fiat chrysler. What to expect from ford and gm when they report later on this morning. You saw it happen here on squawk on the street during yesterdays session. The nasdaq hit 5000 for the first time in 15 years. The index finishing above that level. Now about 40 points away from its record close. Meantime, the dow and the s p each posting alltime closing highs, along with the russell. As you might expect jim, broad media all over it. The nasdaq 5000 logo, bleeding into the mast head over at usa today. Interesting, i think they dont have i think that most people would know Kim Kardashian far better than what stocks are doing on the nasdaq. Last time the man on the street new it was time to buy cmgi. They didnt know it was time to sell cmgi. Priceline did come public this day in 1999. A lot of stocks on peepsly. S. Those days could people know palo alto . Would they know nxpi . They know apple. I thought yesterday was amazing for the big cap rally. Extraordinary. There was just money flowing into s p. And the semiconductors given the fact na nxpi where we had the ceo, did a great job, ignited the group, sky works solutions. So i look, everyones saying its different this time. Last this is when you began to have money go out of the nasdaq into the s p. You saw the turn literally, in the next week back then. Back then. You started seeing it. 15 years ago. Money going into coke come cola and lilly. Mcdonalds. Id say that that was a mark that was bifurcated. You had the look there were stocks like microsoft part of the s p and nasdaq. And cisco as well. Cisco. Its funny, incredible market highs in terms of their capitalization that they havent seen. 200, 300 times earningsen when you speak to ceos i dont mean im not slamming usa today, im saying thats great theyre bringing it together. Theres a fabulous list in usa today. Leaders. Back then chambers gates, ellison, fiorina. Today, your point, do people know nadella . Do they know benny off, costello. How they cannot know benioff is incredible. Maybe they know chambers mildmannered. Its interesting hes the survivor, right . Right. Ellison, they know but know him more because of yachting. Yeah. But people know who Mark Zuckerberg is. Thats for certain. They may know who jack ma is. They know who jeff bezos is. Good point. Theyre not viewed those guys who are founders like ellison. We had clips from two children that ran google at the time, right. Yes. Middle School Cohort is so on fire. Amazing. Larger point, broader ownership of stocks taking place 15 20 years ago have not been replicated. Perhaps we lost a generation of investors and thats reflected in what weve seen not to mention lives of etfs, dont have that broadbased participation. That is i watched coverage, but youre the only one pointing that out. We did people say, no we didnt lose a generation. We did with the bust from dotcom followed up by the financial crisis. I think its fair to say we did. One of the phrases you see in the advertisements for etfs, eliminate single stock risk. At the time in 1999 2000 it was eliminate s p risk. You want single stock risk. The hope is that peep at least been exposed to the stock market over the last six years. We are up almost six years ago from 660 on the s p, as well. Friday. Friday anniversary. Right. You have a lot of dechbifferent cross currents. I come back to people in general dont talk about the stock market. Look, talking about the stock market, people stop me on the street,. Top ten nasdaq names 32 of the index looking for Revenue Growth of about 13 this year. Youre not going to get that on the s p, jim, right . Converge x today nice note nasdaq has the scarest of commodities now and that is growth. It is amazing. What youre willing to pay for it is a different story. Ciscos an oddity. My Charitable Trust owns. How can it be 16 times earnings . Are we hearing palo alto . Taking business from cisco, maybe thats an earn. Apple selling 15 times earnings. If the watch is big, apple will be a bigger bargain. Yesterday an article in one of the papers no one wants the watch. Im thinking no one wanted the tablet. No one wanted the ipod. No one wanted anything. Speaking of tablets, maybe we should look at best buy, Fourth Quarter operating profit 1. 48 the beat. Revenue shy of consensus. Comps up 2. Electronic dhan achain announcing a onetime dividend of 50 cents. Five times earnings release, tablet weakness saying across the industry the category down by a third in the quarter. Yeah. And i know that apples got a refresh coming. Whats interesting is that if you go over the intel Conference Call that was like the peak of intel, because they didnt theyre talking about tablets, phablets but its not working. Microsoft is going to miss the numbers, i really do. I think microsoft cant do the numbers. I think intel cant do the numbers because tablet and pcs were weak. That was my takeaway from best buy, wow, whoevers in the surface, surfaces not dive dive dive. But wait explore your concern about microsoft and why. I just think that in the en, when i listened to hewlettpackard last week, which i regarded as a discouraging moment, i cannot feel good about microsoft and intel after that hewlettpackard. Discouraged by hewlettpackard beyond just their inability to cope with obviously a strong dollar . Well i think that microsoft, no one really i think that microsoft no one really seems to be enthused by new products. Numbers are high, microsoft. I dont know, rick sherlin, i dont think they can make the number. I think nadella is paralyzed here. They were doing well and stalled with xbox. Ex x box is strong. Im concerned, merrill starts Western Digital and seagate with sells. This is pcrelated versus nxpi. What is that . Your wallet, thats your auto. Those are insect secular increase. As it relates to best buy, they managed to get margins up and sales up. Good job. Feel comfortable enough with some Capital Distribution right . Stability . Congratulations to them. Generating cash. Returning cash to shareholders. I asked you whether i felt that whether the bubble would happen. A couple of articles, both in wall street journal and New York Times, the consumer isnt spending. Its the consumer minus who is 45,000 and below is spending but the best buy number made me think go pack to Charlie Scharf find out what these big Credit Card Companies, whether seeing the binge. You said last week it was an important number at best buy to gauge the consumer. Give me your positive. Positive . Just positive. Good number. Just a really good number. I just was gratified. I think that theyre theyve made a big comeback. Hand it to them. Comps were easy comp. True. True. Back then when margins, remember, down 200 basis points that quarter . But they make a lot of money. Its interesting that this is again, you know the amazon isnt the only game in town. Do i want to buy best buy . Obviously should have bought best buy last week but i point out they are doing better than people thought. Its interesting, because like, you know we went to buy a smash burger the other day, i thought it was a game stop. Looked just like it. Almost went in there. Thats how game stops fooling people. Looking like splash burgers. Game stops the other guy. If they get people in its really the spendathon is on. Digital has been kind of game stop versus digital. Yes. Speaking of spending. Familiar with what youre talking about. My xbox says hello when i walk in the room. My xbox could care less about me. We care. Do you. The other day it said sorry. I dont know why it said sorry. I never play it i walk by it it said sorry. Sorry about microsofts performance. Apologizing for the stock, why not . Fiat chrysler u. S. Auto sales up 5. 6, helped by Strong Demand for jeep but results below forecast. Gm due out later this hour europe okay up 7 in germany, france, spain, italy good. Europe retail germany retail sales incredible. The green chutes are no longer green chutes. Its like tulips but not bubble tulips some much good out of europe. I know that you could say, wait a second how about this you can pick a country thats not doing france retail sales are good. Pmi out of the uk wow yep. Versus say china, baltic freight up again, but miniscule. Europe is going to be a tailwind this quarter. No one believes that. Im telling you it will be. What about worries hearing this related to jobs this friday hearing it related to retail, that it was so cold in february, that people didnt shop. Silly. Didnt shop at car lots. I think thats true. Too cold. The foot traffic, people are kind of theyre hunkering down. Maybe its an amazon by the way, could be benefit for them. Yeah i think foot traffic was not good. Its too cold. Coupled with the ports, thats one reason why goldman is sour on Specialty Retail. The drivers of a tactically bull bullish view on specialty a slam. Pvh i dont like tina power but that was saying the run is over. And i want to be careful because when the weather gets better people will come out of hibernation. I dont know around the country, the weathers bad. You walk outside and say, i want to get back inside. So tired of that. Arent you . Very tired. Xbox apologizing for the weather. Ill explore why my xbox says. I want to see if siri says sorry to me. Citi striking multibillion dollar deal, wall street upgrade. Palo alto network ceos companys on the front line battling cyberthreats later in the morning. Another look at futures, as we try to see what comes after nasdaq 5000. More squawk on the street from post 9 at the nyse when we return. Can data help cure a disease . The right treatment for you is out there. The problem is some of its in this lab. Some of it is in her head. Some of its in this new journal. And the rest of it is in your personal medical history. Ibm watson can not only read this data, but understand it. Its trained by doctors. And its always learning. It can help find hidden correlations and help your doctor recommend Treatment Options for you. Theres a new way to work and its made with ibm. Citi group taking a major step in its plan to unload unwanted assets agreeing to sell one Main Financial unit for 4. 25 billion in cash making spring leaf the nations biggest subprime lender. Jpmorgan upgrading citi from overweight to neutral, citing the credit card deal with costco expect capital returns to be approved in 2015 jim, and hit operating efficiency targets. Making a lot of moves. I think these are moves that are long overdone they had to do a lot of things. I think corbats done a very good job. A lot of people are recognizing that the guys become very dont you look askance at me. I feel like you saying he wasnt doing a great job. Maybe im mismembering. No. Hes been gaining as he got in, what i realized was the situation was not in hand. As hes gotten control of the bank, hes recognized where the fat is hes cut a lot of the overseas divisions, the mexican problem wasnt he he inherited that and hes being very forward looking. Also been up front with the government and tried to put that behind him. Spring leaf deal people will say leaf got the best of it but any more capital, citi will do fine in c car. I was hesitant this bank is in trouble. This guys hes made major changes. So i like to hear when you change your mind. I just like to understand i know theres a lot that goes into that no absolutely right. Have i worked behind the scenes to try to understand the situation better . Yes. Do i feel strongly that corbat is the man for the job . I wasnt sure initially. Im definitely sure now. You are in. Making a lot of good moves. Okay. He turned down the nfl, you know that . Yeah. For what role . To be a banker. Pretty compelling. Tenyear at 2. 10 franchising corbat. Youre franchising nasdaq 5000. Im franchising a lot of things. A lot going on. Only allowed to franchise one thing. Bar san miguel too. No. Officially on twitter. Thank you. No, i feel better about corbat and better and better. I think the last there was a filing that came late for the government it looked like he had hidden something. He hadnt hidden anything. It didnt look good right. That was a lastment call from washington. I think corbats doing a fine job. Continuing to be larger issues in terms of the complexity of the large Financial Institutions that you hear. Its not just applied to citi. Certainly jpmorgan gets that a great deal. How about kiss this morning for jpmorgan about how the Consumer Bank is i did. Outdoing the New York Times story. Their way to tell us mr. Smith i guess the heir apparent. Mr. Smith doesnt go to washington is the way i call that. No. They dont are have to worry about washington. Everybodys trying to put washington behind them. Citis going to be close to its highest levels of the year. Almost back to its just talk about stocks that have killed people. Talk about nasdaq. Citi was not good. But i like the changes. And, yes, i changed my mind. The facts changed. I changed my mind with them. What do you do sir . I do the same. I swear. Yes, i know. I know. Im not if my father were alive hed call me after the show and say, are you and david feuding . What is that . No, i love david. He goes no i think youre feuding. No, dad, im not feuding. Fiat chrysler auto sales. Its time for ford. Phil lebeau has that. We can expect february numbers generally speaking for the industry, to be considered lackluster. Ford numbers for february sales dropping 1. 9 . That is well below the ed months. Com estimate offen crease of 5. 2 . Looking through the release, no mention about weather. We saw nissan in the last half hour report weaker than expected Sales Numbers and blamed the storms in northeast as well as the southeast towards the end of the month. I think thats a theme that we hear. Generally speaking, were going to see lower than exed. Sales numbers and i think the sar for the month on what weve seen so far, closer to 16. 3 16. 4 million compared to the estimate of 16. 7 million. Guys if theres one piece of good news about sales being weak in february it is the weakest sales month of the year for the industry. So you can withstand it this month. But it is going to take a bit of the bloom off the rose for the industry. Thank you, phil. Cold weather. Yeah thats affected phil, youve got people are not going out, phil theyre justify not. Not denying that especially the northeast, no doubt. Its estimated it took about half of the did 60 of sale off of some markets in northeast. No doubt it did have an impact there. I tell you one thing, one thing to go to the mall when theres a lot of snow. Another thing to take a test drive in new f150. Tesla, cold in china. Sold what ten cars . Theres a lot of you can say anything about tesla. Its athird rail. But phil lebeau says theres some weather, phil knows more. I have to tell you, i think the Auto Industry look to phil for the information. And not vice versa. Well get cramers mad dash as we count down to the opening bell this tuesday. One more look at futures. You can see why the premarket is soft. Back in a minute. Ameriprise asked people a simple question in retirement, will you have enough money to live life on your terms . I sure hope so. With healthcare costs, who knows. Umm. Everyone has retirement questions. So ameriprise created the exclusive confident retirement approach. Now you and your ameripise advisor. Can get the real answers you need. Start building your confident retirement today. Can it make a dentist appointment when my teeth are ready . Can it tell the doctor how long you have to wear this thing . Can it tell the Flight Attendant to please not wake me this time . The answer is yes, it can. So, the question your customers are really asking is can your business deliver . 6 30 before the opening bell. Time for mad dash on tuesday. Starting in the energy patch. Yes. Seeing a lot of refinancing, a lot of equity deals. And laredo pete a lot one left for dead. If you think that this is a mistake, look at concho 108 last week priced 6 million shares and its at 113. 92. Up 5 yesterday. People are buying secondaries and feeling good about them because Oil Companies are no longer in trouble, once the deals done. Im starting to wonder whether the distress we saw coming is not going to be quite as distressful as might have been anticipated, given equity offerings and ability to do high yield as well. You have to have a decent story to tell. Yes. But a lot of money rushed in the idea that everythings going to get distressed and perhaps it wont. Talking about a lot of guys ready, blackstones ready. Ive got to tell you, companies are ready. And deals are being lapped up. People think weve seen a bottom. I felt 42, 43 was the bottom. Concho was the home runnen its high quality. Permian. Laredo, not fair to put them in the same breath. Do you lick your floors. Do i lick them . Not often. Youre okay with Lumber Liquidators. Yes. Calling a bottom, Lumber Liquidators, enough already. Its overdone. Now, ive got it tell you, its about installation. If you aint stall it if tilson is right, and calls this the nexus asbestos its not a bottom. If you go back to food lien in 1992, when abc prime time came and savaged them you know the sales went down big. So i dont know. If the sales go down big, 60 minutes is a watched program, you dont want to bottom fish Lumber Liquidators but the flooring issue, if they attack the media, if that if they attack short sellers, that didnt work for food lion. Never a good sign. No. Attack the facts, as they are presented, if incorrect. If the facts change you change, too. Yes. You do. Got to get that line right. A lot more things to cover. Maybe some other lions as well from famous movies or plays. Coming back after this. At mfs, we believe in the power of active management. Every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. Which leads to better decisions for our clients. Its a uniquely collaborative approach you wont find anywhere else. Put our global active management expertise to work for you. Mfs. There is no expertise without collaboration. You just got a big bump in miles. So this