U. S. But europe playing catch up to yesterdays rally. The gains over there, about 1 . Pmis looked pretty good too. Oil settling back after rising 9 of the past 11 days. Tip years around 1. 91. The first rate hike shouldnt come until the second half of next year. The deal in delivery space. Fedex buying tnt express for 4. 8 billion. Thats a deal that u. P. S. Failed at just two years ago. We do have the ceo of fedex coming up in a couple of minutes. Speaking of deals, also the largest lbo of the year informatica taken private, 5. 3 billion. Samsung sees profits plunging 30 but still better than what the street was expecting, as apple ramps up the release of the apple watch coming in the next few weeks. First up fedex make ago move to boost its presence in europe. The company agreeing to acquire dutch Package Delivery firm tnt express for 4. 8. The deal comes two years after u. P. S. attempt was blocked by european regulators. Well talk with fedex chairman and ceo fred smith this hour. Financing the deal entirely through debt. Good dollar time to be doing european deals as well jim. I thought this was fabulous. I think that fedex is not even up enough in premarket trading, because what this says is heres the first guy, its funny, hes an economist by trade, heres the first guy who recognizes not only is europe back but you can still get in and get in and just take advantage of the up swing. You nighted parcel an outfit ive been critical of because i think that they have made a series of missteps. There were problems with overlap there. Look i dont think this a layup. Fred may think its a layup, just because europes turned so negative on u. S. Companies that unless you say, listen were going to create x number of jobs and give this much money to the government to be able to create jobs, im thinking about the way cisco handled things, youre going to run into resistance. That said this is exactly what weve been waiting, the strong this is how you get the dollar not to be strong by the way. That helps them with the purchase price. They are paying nine times ebitda, i mean you can low that down to as little as six if you include synergies, system analysts are doing. Comment tear positive. They are talking about not getting the deal done lets call it until june 2016. Its a long time. Right. Frankly, my reporting this morning, also question about china, which comes up a lot now as you well know when we deal with antitrust questions. Great point. So im certainly interested to hear his thoughts on what that looks like in terms of a road map for antitrust. Fedex, conceivably worked against the u. P. S. tnt deal years ago, successfully in the background. Right. Made sure that deal didnt happen. They were able to agree to a deal to a lower price than what u. P. S. Was willing to pay. U. P. S. When it happened, people are like are you kidding me . Theres about to a downturn in europe . If you remember, other than the breakup fee, it was great they couldnt get the deal done. But the fact is is that fedex is such a smart company. Its been a dramatic outperformer versus u. P. S. U. P. S. Has done nothing. U. P. S. Missed two holiday seasons. This is this really a tale of two companies, one very wellrun, and one just not wellrun. Theres been some discussion that in terms of regulatory approval, fedex strong in the air, tnt strong on the ground. But that a competing offer, while unlikely is still a possibility down the road. I guess so. I think u. P. S. Is in such frankly disarray. You think theyre in disarray . I dont when you miss two holiday seasons that you really need there isnt much else to it. That would be the name that would come over the top here u. P. S. Making a choice to come back, i suppose. Right. Again, when you look at the respective market shares they have a bigger antitrust issue than fedex. Yes. So this is just fedex taking advantage of a fantastic dollar. I mean one of the things thats driven me crazy, youve got a u. S. Currency so strong and how come this is the one guy who actually says you know what . Im going to take advantage of the worldwide sale as if there is 770 Million People live in europe, thats a lot of people. A lot. A good market. No doubt. But to your point if youre looking to do a large did not that this is transformative its not a large deal dealing with a long calendar. Yes. Its quite a while until you pay for it because of the antitrust review and because, as you said, an tip think we see from regulateorregulators. We ignore how they are coming down on our companies. A level of protectionism we dont talk about. By the way, it not that our administration is out there defending our companies. I mean well european regulator would argue they have a different mandate than regulators. Thats why youve got to create jobs. Youve got to say, look as far as were concerned this the greatest job creator. I mean what g. E. Was able to do theyre not done yet, right . Were they early . I think that you have to go in and say, look what were go to do right now say you have 100,000 employees well have 120,000, you cant talk about streamlining, because theyre wise to us over there. They know that what we do is we fire, were great at firing. All right. Were an amazing firing country. But you look at fedex paying nine time but citi says six times pro forma if you take 125 Million Euros of projected cost savings. Cost savings is typical of reductions in workforce often times. You cant do that. Theyre not going to let you do that. Theyre going to say, look youre welcome to come here but you know what . Were not going to let you destaff. Right. Were going youve got to give money, set up a National Institute of freight. Well a lot of questions for fred smith, of course. Its going to be great. Well put to him in about, what 40 minutes. Coming on our show the man with a tremendous breadth of knowledge. Fabulous economist. Ive always again, another thing, why dont why arent there more ceos with an economic background . What is that all about . I dont know. There you go. I dont know. Still basking in the glow of yesterdays win. Get out of my face. The mets. The mets. Youre a mets fan. Now youre not . Gave it up tried it on didnt fit . I cant do it. Thats fine. I understand. I respect that. Thank you. Move on to another deal this morning. Software company informatica confirming its agreed to be acquired by permira and the canadian Plan Investment board. Purchase price 5. 3 billion, 48. 75 a share. Of course it is cash given its an lbo. The largest weve seen this year, lbos, this is their area now, 3 to 5 maybe is the big number. In part because of crackdowns on leveraged lending which have taken a number of players out of that because youve got the fed and the occ all over the bank saying dont lend to more than six times. But also because the strategic players are in there, in an aggressive way, able to borrow money and realize synergies we were talking about with the like of the fedex deal which allows them to pay a higher price. When it comes to this name informatica, talking about a pull fris, 15 times ebitda. You had a competitive auction, you had toma with ontario teachers. Canadians 80 cents to the dollar. Right. Getting killed up there. But they are active parpts pants, Pension Funds in private equity. So partnered with ontario teachers. My understanding silver lake with helman and friedman. A company where growth was materially slowing, jim. I know. Margins had been going down. You need to spend more on r d to maintain growth. Hence, not a bad lbo candidate where you can do those things quietly and cut costs. Transforming Data Management dateabase like, a thousand of these companies and i didnt think there was anything special with informatica. I looked at company, tried to recommend it couldnt find a reason. Couldnt do it. Back in january, elliott took 8 stake. Moved up to 9. 4 . They never got active in the name. Theyll filed a date. 9. 4 , the largest holder a nice return over a relatively short amount of time given only january when they took but, yeah, a big deal. It is a big deal. Ooh i think team have to recognize, theres got to be rationalization in splunking and the data splunking upgraded today. This is what ibm wants to be known as. Everybody wants to be in this space. Of course, the space is big than im making it. Theres a lot of different permtations of Data Management. But understanding how to use your data. Theres an overwhelming amount of data. So much. I had Zebra Technologies on last night. Datea from everywhere, bar coding, wow, an overwhelming amount of data. Do you feel overwhelmed about data. I do sometimes feel overwhelmed, particularly unstructured data. I can my unstructured data ibm, look when we see companies, service now upgraded yesterday all of the companies are about a million pieces of data coming in and nobody knows what to do with it. Yes, i want to talk to squi workky works, 70 billion sensors by 2020. In this case informatica was seen by some investors bloated in terms of cost structure, margins the lowest of the group. Private equity comes in. It was bloated. Spend more on r d, you can cut, get margins up its a good lbo candidate. Hence the price tag. There you go. A couple of deals. Exactly. Exciting. Exciting again. Helping to give futures a lift this morning ahead of course of more news coming out later on today. One day after stocks reversed early postjobs losses on the finish to the upside including tripledigit gain for the dow. Investors hope signs of a slowing economy might mean the fed will Push Back Time for the hike. You said yellen was Everyone Wants geez, can you give her a modicum of respect. After her performance during the crisis one voice that seemed to really she is shes thinking of the working person too, by the way. Shes not playing for the hedge funds. Shes thinking about how the working person is not doing that well. She also sees the fact that the gross domestic product, hiring we had, we had a couple of hiring from small, midsized business, we heard from paychex, it wasnt so good. I say, thank you, janet yellen, for not doing something precipitous, looking at data and making the decision on the data. March was not a good month in our country. And i think that we should accept that. I think that the dollar could be peaking because march wasnt so hot. I think yesterdays rally was dollarbased. Yeah. On squawk a few moments ago, keeping most of his money in cash. Hes been wrong. He admits hes been wrong. Its a moneylosing proposition but argues Central Banks pushed asset prices to sell elevated digdick fish, does this, too. United technologies up big. Im looking at carnival upgraded by wells. Bank stocks getting a number of bumps. I dont want to hear theres nothing to do or Central Banks inflated. Lets not asterisk this. This is not juicing. This is not Major League Baseball where some guys are juicing. Its real numbers. You can drill the unh bid for a million shares. Enough, enough with being wrong. There are no Baseball Players juicing anymore. Hence, nobody scores any runs. Dick fisher how wrong is dick fisher . But its okay. I dont know. If im wrong like that you know theyre going to get the hook ive been around for ten years on mad money. If im wrong like those guys you think youre going to see me . Money monster. What would that look like. George clooney and julia roberts. That would be nice. Starting to film it. Glass halffull for samsung and apple watch discount, well talk about that in a moment. Also ahead, well talk live with fedex chairman and ceo fred smith about his companys 4. 8 billion deal for tnt express. Dow and s p going for three straight up days today, that hasnt happened since middle of february. More squawk on the street live from post 9 in a moment. S been a journey to get where i am. And i didnt get here alone. There were people who listened along the way. People who gave me options. Kept me on track. And through it all my retirement never got left behind. So today, im prepared for anything we may want tomorrow to be. Every someday needs a plan. Lets talk about your old 401 k today. Let me talk to you about retirement. A 401 k is the most sound way to go. Lets talk asset allocation. Sure. You seem knowledgeable professional. Would you trust me as your Financial Advisor . I would. I would indeed. Well, lets be clear here. Im actually a dj. [ dance music plays ] [laughs] no way i have no Financial Experience at all. That really is you . If theyre not a cfp pro you just dont know. Find a certified Financial Planner professional whos thoroughly vetted at letsmakeaplan. Org. Cfp work with the highest standard. Quarter Earnings Guidance above consensus, despite what it sees as 35. 5 drop in profits. Looking for a boost in new phones set for release friday. As we count down to the apple watch release, the companys announced a 50 discount off of aluminum sport and stainless steel models for all apple employees but the samsung news is interesting. People trying to couch it as a comeback of sorts for the company. Lets see, i think that all of the marketing and really the moan tum momentum is apples, people say, listen, they like to play this game. Apple samsung horse race. Good luck. I think that apple, apple pay, i think that apple watch, the iwatch, these are all momentum and its an ecosystem that i want to be involved in. Samsung, a bit of an island as far as im concerned. I know that i had the Zebra Technologies ceo on, we have a new operating system based on android. When you sit down with the bankers when it comes to apple pay, was i think will be very big, and samsung wont be there. They dont have it. Google has no pay system. Right. I mean lets not forget its an enormous company. A lot of people attracted to it in part i remember Free Cash Flow yield so high. Right. That didnt work. The stock has not been anything you wanted to own for any period of time here. You know they are talking about margins coming back up to a certain extent in mobile. Fall tonight 20 to as low as 10 in the Mobile Division which is the most profitable. Its an underdog thing. I know look, they have a great device device. Its i think the ecosystem of the watch look once again, i tell you we want the watch. But the watch will not be fast out of the gate. Even though the advertising bands terrific it wont be fast out of the gate. Not everythings written for. There is things written for it so you want the watch. Are we in for the typical new product curse when it comes to the stock on apple . Ive been trying to get you know what i mean. Ive been trying to get expectations down because, yes, dont trade apple, own it. I dont like the perklation of apple. Really good guy yesterday. I dont like percolate. Im antipercolation. Tim cook wearing it at the ncaa Game Ad Campaign people mentioned its going to come with motions that are unfamiliar to apple users. Heres tim cook by the way, at the game wearing the watch. I mean theres people havent used this before. No. Its a device that were not used to and theres going to be a lot of blowback on that too. I dont want to wear this device. I have my phone. It doesnt do anything that special. Dick tracy, i see a lot of the dick tracy stuff. Lower expectations say that listen, when it comes out, people will take a hard look at it they may not switch immediately. People have watches already who want watchesen its not going to appeal appeal people who have never worn a watch. Its a slow build. Slow build as we hear all of the new things that come of it. Look this apple Payment System is not taking off like a rocketship. No, but its making progress. Its had issues certainly security amongst them. Which app are you using . Starbucks . Not using walgreens app . No no. What app are you using . The wallet app you take your wallet out. Are you using 2 inch x 3 inch app . The cash app. Remember that . Mostly in emerging markets. Paper. Nice seal on the back. Washington . Hamilton on one of those . Hamilton play is good. Hearing good things. Hes on the ten. Hamilton is very good yes. You saw it . No but ive heard its very good. I like that good. He lost in a big dual like samsungs going to lose the apple duel. Hes a huge talent. Well get cramers mad dash. Count down to the opening bell. Fedex chairman and ceo fred smiths on the show. Talk about the deal to buy tnt express. Premarket, europe with a lot of green arrows today. Back in just a minute. Hey, girl. Is it crazy that your soccer trophy is talking to you right now . It kinda is. Its as crazy as you not rolling over your old 401k. Cue the horns. Just harness the confidence it took you to win me and call td ameritrades rollover consultants. Theyll help with the hassle by guiding you through the whole process step by step. And theyll even call your old provider. Its easy. Even she could do it. Whatever, janet. For all the confidence you need td ameritrade. You got this. The pursuit of healthier. It begins from the second were born. After all, healthier doesnt happen all by itself. It needs to be earned. Every day. From the smallest detail to the boldest leap. 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And you know its just in the end, it is why because theres no room for this. Why are you so negative . Theyre not the number of month wasnt that good. Europes not that strong. Very to have europe come back. They have labor issues. Why sell now . Were not in the boifz ownusiness of owning. Youre in the bus