time. it's monday june 15th "squawk box" beginning right now. >> announcer: live from new york where business never sleeps this is "squawk box." ♪ good morning, everyone. and welcome to "you'rejurassic squawk" right here on cnbc. twitter is looking for a ceo to replace dick costolo. but one investor said interim boss jack dorsey should not get the formal job. we'll tell you why prince alwaleed is saying this. weekend talks between athens and international lenders ending in a deadlock after 45 minutes. this brings greece even closer. european officials are blaming greece for failing to offer concessions to secure funding on this. in an interview with the german

newspaper today, finance minister ruled out the solution. but goes on to say, but no one can rule out everything. i can't even rule out a comet hitting the earth. and says the it could be passable if germen chancellor merkel took place in the task. they said they will appeal directly to 17 other eurozone leaders for better terms in a brussels summit coming up on june 25th. we're now learning that greek prime minister tsipras will be holding a meeting and we'll be monitoring that out there the morning. >> and news is coming i'm not that perturbed just yet. >> if it comes up in the middle of this week and the 25th and 30th is when that -- >> i'm looking more to the fall. >> everything in the past that has gone up at the last minute

to date. kind of what i'm thinking of. but it always -- you know, you know, just as you read is any way. >> but they're reporting that the greeks have nothing to lose. >> really? >> yes, it's on the front page. >> i don't know they should stop posturing and get down to business, right? >> that would be nice. the series of deadlines makes it seal like it's cried wolf. the stocks does continue to move the markets both over in europe and here as well. you can see this morning, the dax is off. dax is off 1% in france. the ftse in london down 0.75%.

and european debt yields traders are noting that we're seeing the big bid for safety in german bunds in ten years. you can see 0.8%. if you followed what happened over the last year or so that's again, really putting the focus back on the situation. >> that's -- i guess i should have been able to remember what it was, because it was when we were thinking about defaulting. >> the u.s. >> but it never happened. but we can afford it. these people are closer you don't think? >> well they actually could be default. but we were -- the brinkmanship on both sides here. it's just trying to get a softer deal for greece. but how did i forget that? just sounds familiar. >> okay. >> we were off with aaa and so this week is also stupid june

meeting, where they're not going to do anything right? >> yes. >> and those are the two things holding back any sustained gains in the stock markets of 2015. >> you think the fed not raising rate is the reason? >> no i just think until we have some type of resolution. just sitting around waiting it for-to-happen i think it's hard -- i think it would be easier if it did go up a quarter. >> people are see good news in the economy. >> yeah it would show that they have the nerve to do it too. i read something again, over, who was it -- it was interesting. it was a guy -- it was an interview saying -- was it on "market watch" or something. somebody who has been very in tune with what authorities do here and also in europe. i forget the gentleman's name. he said he's weighed in on the move. >> i found it -- that the guy -- >> do you think that the failure of the trade deal has any impact? >> no.

old time. >> it's so old, it's new again. >> wow. i like that. okay. >> does the same trade deal matter to you in terms of how the market plays? >> oh we'll see what happens. >> that one, i'm not convinced that we've seen the end of it either. >> mike huckabee we'll talk to him about it. i don't understand about the hard core protection. i'm not a globalist. i'm an american. >> and american workers the things that they produce are mostly sold -- if you can just point to the entire country and never let anything go out or come in we'll see how that works. >> we saw that with ebola. >> but we weren't, we were letting people in. let's take a look at the u.s. stock futures. you saw what was happening in europe. some of that has been bleeding into the united states. the dow futures down 60 points before fair value. last week about this the dow and

s&p ended the week higher. dow was up by 50 point tess end of the week. the nasdaq was actually down 0.3%. the s&p 500 futures indicated by 8.5. and the nasdaq down by 17. andrew has the day's other top stories. we have a couple deals, stand pacific and the railand group merging. to be the fourth largest home building company in the state. we can also tell you that united technology will separate from its sikorsky. it's an $8 billion unit. the ceo greg hayes will be here to talk about it. and general motors "the wall street journal" reporting that gm will sell vehicles supplied by the japanese truck maker

isuzu motors. they have previously made trucks. >> you don't remember joe isuzu? >> i do remember joe isuzu. hyundai -- >> hyundai -- >> on the agenda. on the agenda. >> what's on the agenda? >> today. >> new economic report of note ahead of a two-day meeting, the fed begins tomorrow. today we have the empire state survey industrial production and the national association builders housing index. it's monday that means the supreme court is going to start handing down decisions at 10:00 eastern. there are ten cases still pending, including that big one on obamacare. also on same-sex marriage. also a lot of different ones. and they think they stack these in. it would be a surprise to see,

it could come today, but usually towards the end of june. >> what's today's date? >> today is the 15th. >> thanks. i knew that i said that. there's some months you that don't call the 15th the ides. i don't remember how it works exactly. in the race for the white house, jeb bush will formally announce that he's running for president. he as an event in miami at 3:00 eastern, 3:00 this afternoon. >> i think becky referenced this at the top of the show a little corporate news saudi's prince alwaleed saying that twitter interim boss jack dorsey should not get the job permanently. he has an enter interview. check it out, princeal alwaleed was giving an interview. did you see the bearded one on

friday with mr. dorsey? did you see this? >> yeah, i saw that the beard was -- yeah the beard. i didn't -- yeah it was everywhere over the weekend. it was on different websites all over twitter. how did faber do? >> he did great. the question is whether you want him to run the company. or more distraction to have him be the company's leader as opposed to the fellow before him. my brain is not working at this hour. but the point being that we're now going to be looking for the next three or four months going over is he going to get the job or somebody else. i know you'll be bored by that topic. >> yeah god, i don't -- i don't know. three or four months we're going to have to wait? whoo! are you going to be able -- i may be able to move beyond that and focus on some other things.

>> yeah it can be a distraction for a company that's trying to find its way. >> what! i hope it all works out. i use it once in a while to look at my tweets. >> i had trouble trying to get on to it at one point this weekend. i wonder if it was something -- the change of management. >> i saw that people like to -- i couldn't really find -- someone on "usa today" picked up the whole thing saying they're a bunch of stoners at twitter. and talking now snoop dogg wanted to go there, how it would make sense that a like-minded individual would do well there if you remember to show up in the morning and not just spend all day eating candies and twinkies. and it's interesting what's happening. they have strings where the thc, you select that where that goes

away. whether that works. >> it's just the medicinal state. they don't have anybody using. >> somebody will argue that the thc is different. it depends on -- >> your perspective. it was a historic weekend your "jurassic world" the universal picture film bringing in $205 million domestically. that number it's a staggering $512 million in the first days at theaters globally. that san all-time record. the box office total smashing analysts' predictions which are calling for a $125 million open. yeah a number at the global over $500 million just tell you that dinosaurs translate into any language. let's get a check on the markets this morning. again, we showed you that futures are under a little bit of pressure by stocks down. the dow future is down by 67 points. again it was a mixed week with the dow and s&p both ending slightly higher.

nasdaq was down by 0.3%. in europe this is where we're seeing a lot of pain with deal talks falling through once again with greece and its lenders. the dax is down 1.5%. france down too. asia overnight, we saw that the nikkei ended -- well barely shaked. hang seng was down by 1.5%. and the shanghai composite was down by 2%. you want to check out oil prices last week ended just below $60 a barrel for iti. down this morning. check out the ten-year note as yields has been rising in europe we have not followed suit in the united states. 2.58% is close to are we were last week. and if you check out what's been happening in the currency markets, this morning, it looks like the dollar is up across the board. euro's at 112.93.

the yen is 123-60. gold prices down by $5. $1,574 an ounce. to europe and the situation in greece. wilfred frost joins us. just looking at the bond yields. we probably have a better idea wilfred, what finally happens here. we're still of the opinion that both sides want to get the best deal they can. sooner or later, they'll do something but maybe that doesn't happen, what's your view? >> absolutely both sides both to get something done. they're still somewhat apart. over the weekend, talks and that's why we've seen this spike across european markets. over the weekend an exclusive interview with the cnbc the former p.m. said that greece is close, quote, close to the brink of disaster. it's time for greece to get over it and strike a deal. >> i think we really need both

sides to climb down from their high horses and really work on a compromise to find a solution and move forward on another way. >> and at the margin he was a little bit more critical of tsipras in greece than greece's creditors. tsipras reportedly holding an emergency government meeting in an hour's time. the spokesperson for the german prime minister said, quote, time is running out. the only change because we know there have been differences between the two sides, is that time is ticking away. greek stalks down 7%. now down 3.le%. stocks recording accordingly, the german index up .25%. and the euro down about 0.4%. there's a waiting game in the short time but that time is

certainly ticking down. >> wilfred, if you had to pick a date, what is the date that actually matters, they have a series of deadlines. and none of them are real deadlines? >> right, we've rolled out the payment that was due on june 5th. so the imf payments are now due at the end of this month. that is important but not as important as some of the payments due to the ecb over july and august. however, the issue that might make it come before the ecb payments in july and august is that grease is now short of cash to pay even et cetera own domestic rate in pensions. that is one of the biggest things that tsipras has faced. they had a choice to make. we can either pay our creditors or we can pay domestic balances. and therefore, they had more negotiating ground but it was not very short of cash altogether. and germany knows it can play

tough ball because they're not even able to pay that pension. and it looks like it's going to be earlier than probably august or july. >> that's an interesting point. when they lose that pressure that they've been able to stick with the domestic supporters. wilfred, thank you very much. we will talk to you again soon, okay? let's get a quick check on the markets as investors figure out what's going on in greece. and look ahead to this week's two-day fed meeting. joining us on sight is phil orlando. he's chief strategist at fed rated. phil, good to see you. >> thank you, becky, for having me back. >> again, this whole greece deal doesn't look like we're anywhere near seeing the end of the game at this point. >> no not at all. i think i agree with the comments joe made before, what is the fed looking at and what is going to happen with greece. from the greece perspective, i think the fed is going to roll

up the payments to the end of the month and that exacerbates the problem. i think folks are very concerned that they're going to default and they're not going to make that payment. there's a massive game of chicken going on right now and i don't see where we're going to get a compromise. and i think the market is sort of there right now. >> we spoke to mark green who pointed out he's not sure this will end up being being good news or bad news for u.s. stock. if this is a flight to safety? or this is a situation where we're concerned about everything everywhere? >> from a time standpoint, i think the fact that the greece situation is happening now as opposed to three or four years ago is critically important. what everyone tried to do buy themselves some time give the banks the opportunity to write some of this bad paper off to minimize the risk should there be an eventual default. i think we're there now. to understand that the economic impact of greece within the eurozone does de minimis. i think the gdp contribution is

less than 2%. so the impact to the united states is maybe a ripple on a pond. that doesn't mean that we may not see a 5% 10% kind of you know knee jerk reaction based upon the head line list associated with greek defaults going back to the drop or whatever. but i think the longer term economic impact on the u.s. from the default is going to be relatively -- >> what about the fed. we don't expect them to say anything at the end of this meeting. we don't expect them to react. is there any reaction out of this? >> we expect nothing out of the fed. what the market's looking for is some sense as to what is the thought process. given the metrics they're looking at what might the pace of the eventual increases be. now, we're still in the one and done camp in terms of we think they get to 1% by next june. we think they go a quarter point by every other meeting and then they pause.

from our perspective, that's a manageable pace. but we don't necessarily have the consensus opinion. there are a lot of folks that think maybe they start in june maybe they're more aggressive in terms what they do. and i think that level of uncertainty is creating for indigestion for the market. >> you still have the price target for the s&p by the end of the year 23.50. that's a 12% return. >> absolutely. >> you're be looking for more pickup? >> our view that the market in the last six months of the year is corrected by time and not price. grease and fed at the forefront. one of the things that wee seen from a fundamental and economic standpoint things are starting to perk up. the peace i wrote last week just in the last couple of weeks several of the manufacturing metrics which i've looked at has been a drag on the economy, ism. autos, lei, shipments, et cetera, have all started to perk up.

the retail says number we saw last week was terrific. we thought we would start to see some positive impact on the consumer from autos and housing. that started to happen so as we looked tout second half of the year, we think we're back in that trend line 3% 3.5%. the market we think is focused on the negative 7 points in the first quarter asking ourselves the question are we near a recession? we don't think we're anywhere near a recession. >> so i like your point of correction by time by just moving sideways. that anticipates that earnings are going to pick up. >> absolutely. >> do you see earnings coming back? >> absolutely. there's going to be a pickup in corporate evening. >> stronger dollar forget about it don't worry about it with the oil prices? >> well to this point, we think the bulk of the energy price and the strength of the dollar is behind us. crude is in the low 40s meandering between 40 and 60 right now. the bulk of the dollar rally, is

40, 145, down to 105. that's behind us. we're sort of meandering between 112 and 115. so the drags that we saw in the first quarter we think are behind us, again, as we get into the second half of the year you're not going to see the headwinds from the first quarter. >> that's interesting for someone waiting for a correction, you may be watching it? >> you may be watching it in time rather than price. so this little correction we're getting. maybe we get an air pocket with greece. who knows. but from our view stocks will do much better in the second half than the first half. >> phil thank you for coming in today. >> thank you for having me. sports news. golden state warriors one game away from the first nba titles in 40 years. as we head to a break, here's a look back at this date in history. ♪

golden state warriors are now one victory away from the nba crown in 50 years, stephen curry turning in 17 points in the fourth quarter last night to lead the warriors pass a 3-1

cavaliers. 104-91. to take a three game to two series lead. despite the triple-double by lebron. 40 points 14 rebounds and 11 assists. and the chicago blackhawks can win the stanley cup tonight. chicago leads the tampa bay lightning three games to two games. sixth tonight in chicago. you can watch the game on nbc which i did on saturday. >> did you? >> i did. and there was what you don't always see -- whenever the goalie leaves usually -- >> when they pull him out? >> no he leaves because of pucks coming out to hit it right or left, he did that and he ran into that great big guy there. it was attempt at goalie. he ran into headdwiig or whatever the guy's name is.

they just fell. >> you don't see that happening very often. >> no. usually, you know, you he can hit it but both of them went to the side they had a collision. they both missed it and the puck just stayed there. >> that is exciting. >> and then i watched lpga golf. >> you did? >> i did. this woman is amazing. and she's got the new -- she's dominant. dominant. >> but no -- >> i keep seeing in twitter. seeing it everywhere. >> i haven't started this season either. but don't give anything away. >> but his eyes look lifeless. >> that's on the cover. that's on the cover of the newspaper. spoiler alert, everyone. when we come back this morning, "squawk box" takes flight. boeing chairman and kraefceo jim

mcnearney will join us from the paris air show. but first winners and movers.

♪ ♪ in the city ♪ good morning.

and welcome back to "squawk box." about a half hour under our belt. this is cnbc. i'm joe with becky. and a possible default with prime minister tsipras will hold an emergency government meeting at 7:00 a.m. eastern today. the european officials now blaming greece for failing to have options to secure funding. greece will appeal directly to merkel and 17 other eurozone leaders, for terms on a brussels summit june 25th. that's a week from thursday. european stocks selling off in early trading, significantly, too. especially greece is now down in the low 700s. down another 0.5%. bond yields are surging in greece especially. there you see europe not so bad. and you can see the greek ten-year now 12.2%.

u.s. stock market futures which have been uncharacteristically tied really to what's happening in greece down 48 points. it started out as a good week but didn't end well. >> our tenure is not following with what's happening with germany and the rest. >> but germany has gone up a point but then it's not there. >> 0.8%. >> it does matter what happens. listing to phil orlando, is there is no correction. the fed hasn't done anything we're still like flailing at this level. you can look at it either way. it hasn't gone down so you say that's a positive. but the fed hasn't done anything. and it's almost like the rewards that we got from the easy money. >> i think you're right, while we're waiting, it's almost as if people are afraid to make bets while they wait to sigh what actually happens. if it's not a big deal it's a

0.25 point, and doesn't have a huge impact. >> even if it's take all of this debt accommodation to keep it where it is. remember with oil, all of the turmoil in the middle east. it was like 95. and it was like -- couldn't even hold 95. all of this stuff was happening just barely getting a bid at 95. and it was like wow, that looking really heavy, looks top heavy which all of these things were. happening which should have sent it higher and the bill wasn't able to hold its own. i don't know what to think of the stock market. >> the debate will continue meanwhile across the pond to paris. game on for the battle for the most going on at the air show. phil lebeau has a special guest with boeing's ceo. take it away phil. >> thank you very much and drew. i'm joins by jim mcnerney the ceo and chairman of boeing.

you've got orders from indonesia for maxes and a new order from qatar, tell me about that. >> i think it's a big statement about wide bodies 777, 7-9s. you can anticipate that. >> that's the question a lot of people have had here. we've had so many orders at this show over the last years and at farm borough. is what we have here or is it a bit of moderation here? >> it's hard to predict. i'm guessing there might be somewhat fewer by the end of the year. but it will still be a one-to-one, book-to-bill kind of number i think. we do have a big backlog. a very impressive backlog that we've got to work off now. >> let's talk about that backlog. because the certain for investors is as you try to work through that and i know you'll have record deliveries this year, that you won't be able to maintain the level of profit

margins that you've been able to address over the last several years. how do you address that with investors? >> well, i think it's doing the job. volume is a friend when you're trying to make money. we have record deliveries. the industry has not seen a company deliver as many airplanes as we delivered last year and respectively we'll deliver this year. and volume is your friend. keep your volume of class under control. designs have settled down engineering has stopped. we have a chance to make some real money. >> will you look at the next two or three years as really takeoff years in terms of profitability? >> yeah i think there's no question, we've made tremendous progress over the last decade on profitability. there's no reason we can't keep that journey going. we've pretty much dubd our margins and i think there's more to go. >> a lot of people concerned with june 30th the deadline for the export/import thing is going to pass. and there's not going to that

reauthorization. even potentially, how much is that going to hurt boeing and major inpommporterimporters? >> i think the twists and turns in washington right now are unbelievable. and i think in this case it will get worked through. there was a vote in the senate last week basically on a veto-proof kind of level vote. on a -- it was a technical, procedural vote that shshowowed the will of the senate. i think the house is ready to take it up when the senate sends it over so i think we're in pretty good shape. and a delay of two or three weeks before that happens will not have any impact on most of us including boeing. >> jim, i know becky's got a question for you back in the studio. becky. >> jim on that note with twists and turns in washington if tpp is not passed what would that mean? >> well i think that tpp -- i think it will be passed,

personally, if you want an opinion. but if it's not, i think it's a negative all around. i mean it will -- it's a foregone opportunity to grow our gdp. and on a comparative advantage basis for our trading partners. so it would be a huge missed opportunity, given that we're talking about probably the largest trading pact that's ever been put together with the fastest growing part of the world. so a big missed opportunity. and i understand there's a lot of back and forth, particularly within the democratic party right now, but i think they'll find a way to get there. but it's often darkest from the dawn i guess would be my comment. >> you know, it seems that lately at least from where we sit, there does seem to be some rise in protectionism, maybe not a surprise artfrom the difficult times from 2008 and 2009. but do you feel that there's

rising protection around the world? >> i think there is a dynamic that i agree with you, becky. i think coming out of sort of a repercussion aftershock of the financial crisis as everybody's had to deal with it i think there has been a natural tendency for protectionism to creep in. but i think that the larger debate will overwhelm it in the end. but it's a dynamic that has to be dealt with not only in the united states, but here in europe. and some elements in asia. and i think we'll get through it. >> jim, on that note open skies and the big debate going on with the gulf airlines. you've come out effectively for open skies which means, i think, you're with the gulf airlines and against some of you're other client which is include airlines like delta and united, no? >> well no.

i mean i think obviously, we're caught in the middle here a little bit. we stand with all of our customers here. but the most important point to be made here is that open skies is a huge economic driver for our economy. and it has -- if you look back and there have been studies which have been done that show the economic impact of more frequency in travel. lower costs because there's more competition. more access to more cities by people from around the world, in many different countries, giving up that kind of economic impact during a time when we're all struggling for growth would be a mistake. now, that doesn't mean i'm lining up with any one group of my customer over another. i think everybody buys into this principle of open skies. there is a process, people have disagreements about the furnace of the bilateral treaties. and there's a process in the transportation department and

the state department which is followed depending upon their view. both sides of our customer groups have arguments and are complaining about the process. and would like to see it improved. we just want to make sure in the midst of all of that that we don't lose sight of the big game here. >> jim, one last question for you. the epa, coming forward and saying, look we believe we can now regulate aircraft commercial aircraft emissions. how much a potential monkey wrench does that throw into the future of aircraft production in terms watch they might come up with? i know you're creating more fuel-efficient aircraft. and you're not responsible for the engines. but potential monkey wrench there? >> quite frankly, we're in alignment with the epa, not necessarily on the specifics, but on the direction. we just want to take the momentum that is generated by the epa's recommendation globalize it through some international organizations that are designed to homogenize and

make these global challenges for the industry. we're supported by bio fuels to make airplanes lightinger through more efficient engines. we i think it's important that the industry take stewardship and ownership for it. we're ready to play and we want to comment and look at it. >> jim mcnerney chairman and ceo of boeing. jim what are you doing at 2:00 in the morning? >> black box. >> i had to get the black box comment in there. >> just abandoned those so quickly. is that what he did, phil? >> no he's a hockey fan and realize that the blackhawks are a better team. back to you guys. a company using medical marijuana to treat seizures. that story's coming up next.

it says here pot coming to the big apple. i think we're talking about medicinalle marijuana. there currently is pot somewhere in new york. but new yorkers suffering from cancer epilepsy crohn's disease. parkinson's and other ailments may soon be able to access medical marijuana in new york state. one of five companies applying for a license to give patients therapy, the passionate care center of new york. ccnw. they just filed the application. the director of cultivation, jason cranford is here. what's your title?

>> director of cultivations compassionate care centers of new york. >> as we saw, i think it was "date "dateline" there are ways to separate to have the thc to minimize the effects of thc, is that something that you do as well? >> yeah that's what i do there's 1500 compounds in the plant. the ccd is known as one of the actors in the plant that reacts as a neuroprotector to help eliminate symptoms of most medical conditions. >> what does it mean to apply for a license? how many will be granted? and when will you know? >> there will be five licenses granted in the state to registered organizations. each registered organization can have four dispensing locations

and we should know by july which. >> you won't be dispensing smelly cannabis in a bong? you're not allowed to burn marijuana in new york state? >> that's correct. the products we're developing are pharmaceutical grade, standardized doses delivery systems. no water bongs will be allowed. no smoking, no joints will be put in products like neb beauty liezers. >> the things that you got involved with had to do with a little girl that had cancer of some time. you're helped her deal with the chemo? or you're saying it helped for a curing effect for some types of cancer? >> it actually has a curing effect.

dr. shaun mcallister does studies out of san diego cancer causes a cell bed of unhealthy cells while it protectors healthy cells. we're thinking it eliminated the side eesks s effect of us chemo. we found that cannabis cause us the death of cancer. >> crone's, irritable bowel, it can help these symptoms? >> right. there's a brought range that it affects, positively epilepsy and cancer. >> seizures on the "dateline" piece as well. >> if you win, how much capital did you have to put up to create the dispensaryies and create the technology? >> we have a strong team of investor

investors. it's a privately held company. the investors have up to $8 million at this point to build a pharmaceutical grade with a lab. all of the products will be made to pharmaceutical standards. >> again, the business model as much that you're planning on right now would never count on legalization of burnable marijuana marijuana? or that's something that you'll be willing to provide, too? >> yeah well this is 2015 so the days of smoking marijuana, it's always going to happen but with the technology now, really allowed to study the product and these particular compounds and create products that say, a pharmaceutical company would create. >> right, there's all this money in selling marijuana, as we know in colorado too. it's a business that ascended over business. >> there's always going to be a black market. >> a lot of businesses in denver colorado started what you're doing and then made the

investment to be there. so five years later when the laws changed they could really be there? >> yeah but a lot of the businesses stay recreational-geared because that's where the big money is you know. so pharmaceutical grade products. there is not as much money in that as there is in the rest of the market. >> okay. thank you. >> when we return today, starbucks facing a firestorm of criticism after it encouraged barristas to write on the examiner's cup. we'll give you the reason next. it's part adrenaline and part adventure. it's part geek and part chic. it's part relaxation and part exhilaration. it's part sports car and part suv. and the best part? the 2015 gla. it's 100% mercedes-benz.

in the us, three in ten college students drop out. but how can you spot who's at risk? the one who lives far from campus? the one who works the night shift? the one with new responsibilities? one thing can't tell you, but the right combination can. universities are using ibm analytics to understand pressures in and out of the classroom- some expect to cut dropout rates by twenty-five percent. ibm analytics is working to make education smarter every day. twitter ceo is stepping down. the chairman is stepping in. >> these guys are exhausted. >> in periscope, it was the right time. >> this is a company surrounded by whether there will be a potential takeover.

>> we have a fiduciary to our shareholders to maximum value. >> i feel confident together we can move this. >> a new story in "fast company" magazine this morning on starbucks and its race together campaign. you may remember it. the senior writer at fast company is here this morning a. cover line on the magazine. it says here why starbuck ss still believes to face together. it was wide by panned when it came out. they apologized to some degree for it. yet, he stillments to pursue it. why? >> i think charles schultz, the ceo of starbucks, he is long in important issues he provided health care to part-time workers, stock, he engaged in issues like gay marriage and so forth. the issue of race he finds really personally important and one he can't back away from

because there is a pr stumble on twitter. the reason he's doing it is number one it gives starbucks more value and engages more employees in the brand. but i think talking about it in such a clinical way belies the fact that he does care about this issue personally. >> so there are social and this one is a controversial issue. does he worry about talking about it too much? does he worry there are certain customers that will be turned off by this? i'm going to dunkin' donuts? >> he said this in the past if those types of customers choose to shop elsewhere, he doesn't mind. that he said that publicly at a shareholder meeting, a share holder stood up and said this is affecting the business and hurting it. he said look if you don't believe gay marriage beliefs the value us don't share, sell your stock. >> you are commercializing a

social issue if you will. do they think about it as marketing effectively for themselves? >> i think they're super wary of talking about it in strategic terms, they can sort of mask the fact that this the what they do. it's plaguing the company. there is no doubt, it is good marketing. they have bent as howard schultz will stand up on this externally and internally. >> i think it's internally annoying to say it's benefiting. >> exactly. i disagree totally. >> for the story, i talked to many, many people you hear a wide range of opinions, yesterday, someone said, this is not a topic. >> the last thing i want first thing in the morning is to have

the strong right. >> we talk about it sort of as an execution problem. >> we all believe, often, it's a great piece. the back story, kraelss on that when we come barks jason rubinstein will join us. you probably know xerox as the company that's all about printing. but did you know we also support hospitals using electronic health records for more than 30 million patients? or that our software helps over 20 million smartphone users remotely

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shut up. from finding, to financing. how'd you do that? zillow.

>> house democrats snubbing the president onefred hillary clinton says the president should drive harder bargain.

gop mike huckabee joining that stance, he'll join us to explain why. the next stance in children's television. >> this isn't something beautiful? it's more like the noise. >> william shatner lending his iconic voice to a new show on sprout. >> oh look, a shooting star. >> the legendary actor. >> this is captain james kirk of uss enterprise. we are on a peaceful mission. we mean no harm to you or any life form. >> as the second hour begins right now of "squawk box." >> live from the beating heart of business new york city this is "squawk box." >> good morning, everybody, welcome back to "squawk box" on cnbc. i'm becky quick. we have some news that is just hitting the wires. this is just breaking. cvs and target announcing a deal

where vcs will be acquiring the clinic businesses for about $1.9 billion. again, these are pharmacies within target stores. cvs will be taking over the pharmacy. . there are 1,600 in all of target stores overall. so that's 1,600 pharmacies 1660 to be exact in 47 states operating in these locations. they will be operating within a store within a store format t. new ceo at target has been making changes, pulling back out of canada which the stockmarket really liked. traders really bid that up. they say there is something they will be doing as a way of beefing up the resources without applying them there. it looks like a good situation both for target and cvs. it's a $1.9 billion deal. we should point out the ceo at target will be joining us rights here on "squawk box" coming up

on wednesday. >> we got other top stories at this hour to tell you about. ali baba announcings an online video streaming service in china. the head of digital entertainment says the service will be similar to net flicks in the u.s. the service will be called tvo, it's expected to launch in about two months. you might remember spending time in los angeles earlier this year. maybe it was in the fall, talking to a lot of folks perhaps getting into that business. so here we are. united technology is announce, it is separating the aircraft business. it plans to decide after the third quarter to spin off or sell the $8 billion unit. ceo greg heys will join us first here to talk about it. russia's central bank cutting the main interest rate by one percentage point today. economic downtown worsening there. >> jurassic world, dominating

the weekend box office powering north american ticket sales. sales bolstered by imax about 48% came from the screen. i have been forced to only consider when we go to imax 3d. >> yes. >> this is the one you have to do in imax 3d if there ever was one. >> i love the international bails, look the international language may be love. it's international roaring. >> exactly. >> walter is here. we think there is a place for diane sawyers? >> that's what i thought. >> every once in a while. we can provide some wisdom or insight. >> as long as there is jurassic park. >> there is another thing.

>> an andreas. >> the other movie. >> i almost feel like. i'm going to sit here and keep talking. >> i have to talk over you. we should till also about the weekend talks that took place between athens and it's international competitors. it ended after 45 minutes. the greek prime minister is holding an emergency government meeting right now. we will bring you updates as we get them. in the meantime, walter isaacson the president of the aspen institute. he's a contributor. glad to have. >> you it's great to be here. >> we have been talking for years at this point. it's going to continue. these talks with greece there that's your problem.

it will continue you hear people talking ab it. differently, without a cold turkey exit, having grease it might be the best for everybody concerned. >> they don't drop it? >> one of the things you can issue script for say 20% of the pension and other obligation you have. >> that could go to zero if greece can't get it back together. that's cutting the pensions. >> >> it's like saying you may or may not. >> if we get an economy, it may be worth something.

>> or if nothing happens, people ends up getting a real haircut. oernt on the other hand it could be worth something. i think eventually greece will be back on the dogma. >> i'm not sure the eurozone made a whole lot of sense if you can't control greece's national economy. >> as a result does the e.u. become weakened or something that strengthens? >> i'm in the sure that greece is strengthening the e.u. right now. >> probably not. >> this is not going to go on forever. it's not going to be solved that easily. unless you can see a way to say this will soiflt and we'll be okay with greece you got to figure out what is plan b? >> i think they thought about god, i love the culture of ancient greece. >> you remember walter they had parameters for debt equity. they were so far. even italy was questioned. >> i think people were thinking

that we would have transnational federated. it's actually going in the other direction. things like scotland and others. >> it's a stupid way to decide union? >> look in 1945 '46, when we are trying to spread a bull war, this is historic. >> you look at the infrastructure in greece all those, the pillars to stand there

there. >> have you seen the new terminals in heathrow? we can do infrastructure. >> greece? eurozone? >> i think you will have a core of german-french, which was the core at the beginning. you are lucky you don't have britain in terms of the eurozone. i think it will exist. i think it will be countries that can coordinate their national financial practices and grease greece will not be a part of it. once you have a path to exit with greece then you have more flexibility. you know how you left people out of it. >> it's the rules for the road sort of? >> right. i think people should be

figuring out, what is the rules to the road? if you make it work in greece and do it in many different ways. i mentioned the script where you can currently have new currency. >> i like that idea. >> i think i may have heard it on "squawk box," you just weren't listening. >> there you go. >> it's based on the latitude. germany, france, are rainy, cold, should we go to work? ah, let's go to work. you think you want to work on the multicoast, or mikonos. >> that's kicking florida out of the united states. >> you would never have them in this union if you made it on latitude. >> i'm talking about that union over there. do you think it's coincidence the people slacking want to have a three-hour lunch? >> the lunch is an interesting topic of the questions of you know rks

know maybe they have to store for the winter. >> there is nothing else to, do ah, let's go to work. germans love work. >> then you have the greatest economy. >> can i point out one thing? walter has a blackberry and an iphone. you won't harass him like you understand me? >> i don't understand. >> walter i'm with you. change what you need to change. >> when you type a lot, you write a lot. >> what do you use a blackberry? >> to write, stories. >> a novel. >> i can write a novel, i can do it on a plaque berry. unfortunately, i can't write a novel. >> when we come back we have a huge line-up on "squawk box." up next, the 800 anniversary of the signing of the magna carta, our next guest, he actually owns a copy of it. kind of giving him away though david rubinstein is here talking deals and the marks. and g.o.p. candidate mike huck a

buy, he's -- huckabee. he will be here to explain and william shatner, the iconic voice on a children's tv show. stick around for all that and much more. .

welcome back to "squawk box." earlier this morning, we told you about an ft interview with

saudi prince on who should run twitter? now the prince is blasting the paper and it's reporting that he didn't want jack dorsey to get the ceo job personally, in a statement this morning the prince said should mr. dorsey wish to take on the ceo role, i would support him. what the ft reported was wrong! >> it's more than a retraction it's an error. >> that was a dazzle. >> i swear, there is smoke. he said something about it? >> i don't want to put words in his mouth. what he was suggesting is you can't necessarily be both. known if he was sort of frustrated with twitter at the same time. we will talk about the magna carter. it's known as the birth

certificate of democracy. it's celebrating its 800th anniversary, the one considered the law of the land is owned by our next guest and co-founder and only private owner. joining us with more. i want to talk about its importance. i want to ask you about and recall that there are some skeptics suggesting it's a myth. >> i don't want to overstate the importance because i own one of the copies. the magna carter did have a role in the birth of democracy in england. more importantly in our country

it may have more impact in this country than in england. >> but you saw the critique freedom loving people who live with a degree of liberty under a rule of law for 800 years. it was not seen the article says at the time of marking a great moment in democratic history. >> the truth is many documents and great events aren't seen at the time as being as smifkt as they later are. the declaration of independents was not at the time considered to be the historic documents now seen as. the same is true with the emancipation proclamation. it didn't free very many slaves. today we see it as the beginning of the end of slavery. so many documents at the time that they're issued or signed or sealed in the case as the magna carta may not be seen as

significant as historians later think they are or people later live think they are. >> the "new york times," the u.s. constitution or the bill of rights even but i wouldn't worry about looking at scams. >> i won't lose sleep over that. >> we have another story. >> i would actually i've talked to david rubinstein about this. it is the charter that says the most fundamental thing, which is there won't be arbitrary authority. >> that authority has to be delegated down to the different people and different layers. but i wonder if i may to ask david something, he mentioned the you pioneered this film over a put aic plan the thrown these documents, tell us about that and why you are doing that. >> two things i'm trying to buy historic documents and put them on display in large part so they learn more about their history i

hope they will become better citizens. i'm not the first person but i'm somebody doing some of it. others are probably doing a great deal is as well. i do like to fix certain historic monuments and sites as a way of getting people to go visit them and also as a way of reminding people of the incredible freedoms we have in our country and the historic problems we have. i don't like the past to seem like it's perfect. i want people to know about them and the kinds of things we have fought to gain. certain rights and so forth. >> i'd like just an 800 year anniversary. we have nothing in this country that has an 800 year anniversary. just that notion is pretty incredible. unless you go back to native americans. >> i feel the same way, david. i love this whole idea and i'm showing my kids ken burns,

civil war. and i don't know i'm getting old. the 4040 minutes. there are three times i had to contain myself lincoln the way that it happened just there is something. i don't know, as you get older, you actually start falling down in your seat. >> david, just how did this start? that's the thing i've never understood. i saw a great "60 minutes" piece. i want to know what started this initially. >> it's not like i said how can i help my country? i didn't do that. it was the spur of the moment. i heard it was for sale. i was told it was likely to leave the countries by a buyer from another country. while it wasn't here when it was drafted or signed it was the inspiration for the historic documents that i mentioned. i thought one of the 17 copies should remain here. so i bought it. it led to other things. i began to do more and more in this area. it's something i'm very happy to

do. others can obviously do it as well. i think many others are beginning to follow suit. >> david, if we can turn to the markets real quick, as we have them. i want to get your thoughts where the markets are, the deal making market is specifically. we had another deal this morning. actually, we had almost a half a dozen deals across the states this morning. is this a time to be buying or selling? >> well for private equity prices have been high, there have been some deals done in the united states and by others there is no doubt prices are fought cheap right now. companies that are doing deals now, strategics, they have highly priced stocks to make acquisition, at some point the u.s. economy may go down as a result it may be easier to do deals at loafer prices. right now, credit is certainly available to do deals. people like we don't want to pay the prices that you often have to pay to get deals done.

the u.s. economy is in reasonable shape. it probably will grow two to 2.5% europe is doing reasonably well as well. china will probably grow 6.5% which isn't bad given the size of that economy. >> david you are reopening an office in silicon valley 16 years after closing one. is this a sign for the top or the bottom given how far things have already run? >> well time will tell. i don't think the people in silicon valley are quakeing in their boots. all of a sudden the deals will flow to us. i think we can do more in this space than we have done. we did the beach transaction and we have done other deals in technology, but we haven't had it done from an office in silicon valley. we do a lot of these deals outside of the united states as well. no doubt that silicon valley is the center of technology we'd like to have a closer look at what's going on there. >> are you backing hillary? you heard her speak at carlisle and stuff, do we know that?

i don't know. you enjoy it when she trashs your industry and people like you or she needs to do that to get elected? how do you square that? you must get grief from some of your friends, don't you. >> >> when i left the white house in 1981 after the carter administration, i decided to stay out of politics. i don't give money to any politician. i don't support politicians in anyway. when they're government officials, i try to do something that helps with government. >> i saw you dancing with michelle obama at the white house, david. you got connections. >> i wasn't dancing. i left before anybody else was dancing. >> i didn't think it was dancing, either but i did see you dance across from her. >> the last time i danced was probably at my bar mits za. it wasn't pleasant. >> okay. >> there is a smile. >> a smile.

>> ir have to ask a question before you go. we heard about the sec looking into private equity firms with outside providers, than it is for the actual investors in the funds. >> the article didn't mention why it put so many pension in the funds. it's because the returns are so good. >> that is why public pension funds are the biggest in private equity. the article didn't mention the enormous amounts of money. that to me is a great story. >> are you getting a better deal than your investors and why is it if that's the case? >> we are not unlike your organization. if you buy 134g in bulk. you might get it slightly lower

than at a smaller level. we are not getting anything in discount. we made that clear in our own documents. >> the magna carlisle group. have you know, probably not? >> run with note of put aic philanthropy. the library of congress. you want to say something about jim billington as we step out? >> jim billington spent 28 years in the library of congress. he revolutioned it and opened it to citizens around the country and the world. he started the national book festival. he did many things to digitize the works of the library of congress. i think while he has had some criticism in the press of late i think that is really unfair. what he did for the 28 years was legendary. i think when history is written, he will be seen as one of the great librarians of congress. >> you will see him as one of the great american put as. david rubinstein thank you for joining us. >> my pleasure. >> i worked on the capital, too.

>> the washington monument. >> the washington monument. >> the zoo is what we love. we still have a huge line-up this morning. g.o.p. candidate mike huckabee will be joining us in a bit. plus william shatner is here to talk about his show on the sprout children's network. stick around. "squawk box" will be right back. ♪ every auto insurance policy has a number. but not every insurance company understands the life behind it. ♪ those who have served our nation have earned the very best service in return.

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>> coming up. g.o.p. requested mike huckabee breaking with many members of his party. he will join us to talk jobs politics in america. take a break. they've gotten worse, down 75 on the dow jones. .

welcome back to "squawk box," everybody. among the stories front and center this morning. firearms member colt defense filed for chapter xi operations. science capital management plans to buy virtually all of colt's assets. in walk the supreme court will hand down a decision at 10:00 any time. there are cases still pending, including on the health care law. in the race for the white house, jeb bush will announce he

is running for president. probably not a surprise for anyone, but he has an event in miami at 3:00 p.m. eastern this afternoon. >> jeb bush is joining a crowded field of gop hopefuls which includes our next guest, former arkansas governor and two-time presidential candidate mike huckabee joins us now. you are good on tv. i'm worried. i'm afraid to argue with you about anything with all your experience on what's the name of that network? oh, it doesn't matter welcome, it's goedod to see you, governor. >> thank you. >> we are talking about trade a lot as you can imagine on cnbc. i'd like to get exactly your feelings on how we need to look at this and present it to us where it doesn't ring of protectionism. because it's almost dogma now among free market types and conservatives and the private

sector people that we need to open up markets around the world. we are going to sell more over there than it's going to hurt for producing it here. you deep down believe at least that much? >> oh, absolutely. i believe in free trade. i think people think if you are against a free trait agreement, are you not a free trader. of course i love the idea of a free market. i'm a capitalist with a capital c. every trade endorsement needs to be fair to both sides of the agreement. i got problems with the transpacific partnership in part because of the process and if part because of the person negotiating it and if part because of the product, itself. and fast tracking. why we're so in a hurry to give this president who has i feel like sort of defied his ability to make a deal on a second-hand subaru much less a major trade

agreement, vai for republicans pushing to give him more power when he's overreached, that alone is reason for us to take a pause in this. >> but the president, some president has to be the person that negotiates for us because we can't have 500-plus people negotiating all these details with 10 12 different countries over in the far east and anything that the president decides to do is going to be voted on by republicans in congress and i'm sure that they can work on things that you know that they don't think is in the best interests of the country. i mean it just seems like it has to be done at some point, the president is the guy that's got to do it. and this happens to be the president at this point. not saying what goes into the bill. >> well, i understand that. but it's and up or down vote. there are no amendments being offered. it's going to be a simple majority, not the same kind that would be in the form of a

treaty. one of the worst parts about this is it's all being held in secret in a locked room only members of congress can go take a look at it. interestingly, most of the ones pushing it haven't actually gone to that little secret room to read it. some who have like senator jeff sessions of alabama, have pointed out a number of things that are problematic with the current process, not the least of which is the isds or the matter in which that a single company would have the same status in bringing litigation as would a country and i think for many of us that would be problematic. >> governor, a larger issue related to this larry somers in the financial times this morning says that the voting down of the signals a negative signal regarding u.s. willing froms to take responsibility at a critical time meaning the world is looking at us in a different way. it signals a lack of u.s. commitment to asia at a time when china is flexing its

muscles. what do you think of that? >> well i think america needs to have a real strong commitment to america. to america's workers who have lost 50,000 excuse me 5 million manufacturing jobs since the year 2000. we've seen 60,000 manufacturing facilities closed in the u.s. since 2000. our trade imbalance since 1990 if you add energy is about $11 trillion. so what we have seen is yes, there has been benefits to trade agreements, but those benefits need to also affect the american worker, with better wages, a better access to the marketplace. and a lot of american workers have taken a gut punch because trade agreements have not been enforced on both sides of the deal and we have allowed our partners to cheat. we have allowed them to steal intellectual property. we've allowed them to manipulate currency. the result is that america is not economically as strong. maybe for the investors it is. but it is not for the workers.

so when we talk about how we want to be a leader let's be a leader in helping americans get good decent jobs so they can put bread on the table for their families. >> let's talk about 2016. recent polls that i know you've seen them marriage equality is probably 60%. the country is moving fast t. millennials are, the predominant working group of people right now, i think there is a piece last week about americans identifying themselves with either liberal or conservative and while conservatives are still in the majority lost a lot of ground liberals picked up a lot of ground. what they have done studies on demographics in this country and who is going to win the next election and who would have won previous elections biven the current makeup. what makes you think that someone that emphasizes i guess what some people would call divisive social issues has the chance of getting elected and won't end up like barry goldwater or george motion by

govern. >> you mean someone like ronald reagan who got elected twice, someone like george w. bush that got elected twice, who also believed in the sankty of traditional marriage. i think people vote not so much horizontally whether you are left, right, a liberal, democrat or republican. i am convinced people vote vertically, do they think you will take the country up or down will you fight for better jobssh better wages, fight so that people not just the ones at the top but the ones throughout the system and including the middle class will have a better opportunity. >> you saw the way president obama won two elections, radio it? you saw the coalition that he put together and it included you know very high percentages of african-american vote. you saw how he played the immigration issue. >> that benefitted this 70% plus hispanic hispanic. the woe on women that comes up every four years. you get the single women. you can't get elected with

suburban white couples anymore and white men. dem groofkographic demographically, you say look at ronald reagan. >> that that was how long ago. you will run on the make-up of the country 35 years ago? >> take a look at how mike huckabee got elected in arkansas. which historically elected three pub republicans state wide before i got elected. look at how i got 49% of the african-american vote. can you name anyone black or white who ever got 49% of the african-american vote? i think i got a proven record of bringing together coalitions of people who historically don't vote republican because in my state at the time now it's reliably republican. but when i started running. when i left office i'm telling you, it was a tough slog and definitely against the head winds, but i still was able not only to get elected but to govern. i think it goes back to my point, people want us to lead

vertically, not just horizontally. they want to know you will not just fight for the things that maybe are important to you, but you can't necessarily impose on other people. but they want to know that you are going to make sure that you put the main things as the main thing. >> you plan those rock bands, you got played at foo fighters. i seen you do that. you're an enigma and you're from hope. who else is from hope? you and clinton are the only people from hope. you are one of them. that's so weird. >> a little bit of trivia. there has only been one city in america where a sitting governor and a sitting president were in office at the same time from the same hometown. it wasn't new york philadelphia or chicago or l.a. it was the little bitty 8,000 population town of hope arkansas. >> a great name. governor, good luck thanks. we appreciate it. >> thanks. it's great to be with you. >> okay. good to be with you, too. >> when we come back this

morning, he is a television icon. now on a new show on the sprout network, it will be introducing william shatner, at least his voice of the next generation as well. william shatt fler is here. he will join us on set right after this. .

>> incredibly recognizable voice. >> that is william shatner's famous voice, introducing new generations of fans is this is premiering this week on preschool network sprout. the man, himself, william shatner is right on set with us. thank you for being here. >> wow. anyways -- >> there are so few people translate. you are somebody my husband and i our parents and kids you

translate generations, everybody knows your voice. it's amazing to have you here. >> sort of appalled myself. >> you were around a long time. >> the clangers if you could exist for a period of time you overcome the dent of time you overcome anything. >> andrew thinks your first gig was the priceline stuff. he was on this show called "star trek." >> i heard how shame faced. >> i'm confused. >> he was also with spock, remember all that? >> spokesman. he had a total tv series before that. >> the clangors. >> i heard of those guys. >> the on the sprout network. it's appeals to the very young, 3 to 5. it's an interesting challenge. how do you occupy the attention span of kids that of a goldfish. how do you keep their attention? how do you educate them in television. >> so that child is the clangers

is attempting. it's about space and space travel. >> right? >> well it's little folks that speak in non-verbal language and i'm the narrator. but how do you approach him? how do i get your attention, you the mind of a 3-year-old, a 5-year-old, it's a very specialized era. >> what do you do with your voice? >> like a parent trying to connect with a child. you don't talk down to them. are you on their level. physicaltively, maybe even literally on your knees on their level. >> did you have to hang out with a lot of little kids? >> i have my whole life. they're called actors. >> what about better late than never? tell us about that. >> what? >> better late than never? >> better late than never will be a slow on nbc, thriller actors and myself going to asia. >> that will be on in the winter time.

i'll be back to tell you about it at another time. something else of interest is taking a new motor cycle that we invented, american wrench and i out of chicago, developed the unique motorcycle and as of next week i'm driving it from chicago to los angeles, strong off at six or seven cities rivet, rivet, r-i-v-e-t motors.com will equate you with the pictures we are filming it streaming it raising funds for american legion. >> what makes the motorcycle unique? >> you have to see it to believe it. it looks like a batmobile. but it will have a cadillac engine in it. a 500 horse power engine in it. i'll be driving it for 2400 miles about four or 500 miles a day, while interviewing people. while talking to people along the way and seeing the sights. and trying to make it a show.

and a business of selling motorcycles and it's a new business and it's a business that we attempted to have funding, but we needed to have a prototype, so we have developed it ourselves, and it's a microcosm of entrepreneurship that america is famous for. >> there are all kind of new ways to try and come up with funding. this is the first time i've heard of something like this. >> right. >> i saw something on kick starter, leonard nemoy's sons. >> exactly, doing something there. that's a risky business. it's gotten very popular raising funds, people don't get a return. so you got to approach it carefully, raising funds like that. >> what is the project leonard nemoy's son is working on? >> a documentary about his father. >> that's something that's important to you, too?

>> absolutely. he was a dear friend of mine. >> it's for the love of spock, right? >> i believe that's what he's calling it. but, back to the clangers it's a program that sprout is very happy with. have you ever watched the sprout network? >> yeah. >> where you are. >> that's what we're searching now. >> but at that time ten years ago, yeah i mean it's a strange being. in england, they had the clangors, they have the clangors for 25 years or longer. >> so somebody how does it happen? somebody comes to you? have you thought about it? >> they decided to bring the clangors to the united states but they want to put a stamp on it the english that i heard was

somewhat removed as it might be at times, a little distant, a little cool. i thought there would be a more passionate genuine or on the same -- >> michael palin does the voice in england, right? >> i believe so. >> you are quite different from michael palin. >> that's exactly right. so the clangors england and clangors america are substantially different. it's going to be interesting to see how it's accepted. >> remember the price on stock. i remember what a rollercoaster? do you remember your buys and successfuls on that? >> absolutely. it's a bubble. it's the experiences is a bubble back for sometime. not priceline, priceline when i entered into it was a.com company in the middle of the

dot-com bubble. it soared. you must have been more aware than anybody. >> maybe more than you. >> i couldn't sell it. i was locked up. then it was worth pennies. so i sold it. we came you condition work it back? >> that's another story. >> you've written about it. >> it is an extraordinary company that offered a service that works there was priceline that offered a genuine series. >> 17 years. >> will you end the debate the rumor was you made 6 million? >> ridiculous. if i held onto the stock i had when i wist first was there, i would have made a lot of money

but nobody held the stock. >> who does the best shatner impersonation? >> i do. >> will you read the captains log? >> no, i'm here to tell you what stocks to invest in. >> i got to. >> you see after all this experience what you want to do is direct isn't it? >> that might be the best. then he has the da da da da da. >> what were you doing that? >> that was the da da da this is a financial program. is the market judge or crashing? >> shatner wants to know. rand paul says get out. everybody else or a lot of people saying it's the middle of the greatest bull market. what are we doing? >> we had bill gates on the show

a month ago they said if the feds raise interest rates, the stocks are there. >> so what if they raise rates. >> no kidding. >> a quarter point. >> what if it's free? >> everybody will say, not so bad. they recover. >> we had an analyst that thought they would raise a quarter point. if they did that no harm no foul. >> then nobody knows. >> can you do this one? >> i can't do it captain, i don't have the power. >> that is so good. >> i are being sarcastic. >> when i come back will you do the show with nbc?

>> to the show i will do with nbc in the fall better late than never is going to be a smar if only for the four of us. >> you, terry bradshaw. >> george foreman and henry wink ler. i'll be back. >> thank you so much for joining us. we appreciate it. >> doctor i can't read the teleprompter. >> thank you all. >> we love you too. >> you understand. >> i defer to the captain. >> coming up two big retail deals, hudson bay. >> hudson combai the a good company. >> making a deal. hudson bay retailer gerald storrch. >> joins us on details. >> stock is up more than 35% in a year. "squawk box" will be right back. it recognizes pedestrians

and alerts you. warns you about incoming cross-tr .af

building aircraft, the likes of which the world has never seen. this is what we do. ♪ that's the value of performance. northrop grumman.

>> happening this morning, yvs and target striking a pharmacy deal. hudson bay goes shopping overseas. details just ahead. >> a music streaming brawl, deal maker fred davis is here to tell us about who will win the battle for the ear buds. >> and the financial game plan teaming up with morgan stanley to spread big money problem in osports. anton walker bart scott beet

here to talk their game as the final hour of "squawk box" begins right now. >> >>. >> live from the most powerful city in new york this is "squawk box." >> welcome back to "squawk box" here on cnbc. first in business world wide. i'm becky quick along with andrew ross sorkin. we have been watching the futures. >> that pressure has intensified as the morning has gone on t. dow futures down 88 points below fair value. the nasdaq down by 21. >> a couple stories investors will be talking about this morning. the greek prime minister saying political motives are standing in the way of bridging the gap. cvs will be buying in-store

pharmacies. russia is the latest country to cut rates, trimming its main interest rate by one percentage point joe. >> the average price of gasoline rising by 3 cents over the last two weeks. that's the smallest gain though, or steady increases. drivers paid an average of 2.87 a gallon. 82 cents below the average price, which was paid at this time at this time. see few miss that i remember it. >> with the g force? >> i'm going to call my dashboard a bridge. >> cap tony kirk move? >> i got to. >> having trouble leaving that behind. >> he does a good shatner. doesn't he? >> he does. >> we always got to go.

hudson bay is buying a german store. the deal combines the best known retail chains in a deal valued at $3.2 become. joining us on the news line is jerry from hudson bay, thanks, for calling in. >> caller: good morning. >> we have been running through this. the biggest question when you look overseas to germany for your next deal does that mean the opportunity in sales are better than you see in the united states? >> we have been looking at this clearly the exchange rates are at a great place right now. we are buying a klain in germany and also the number one department store chain in belgium to add to our sachs fifth avenue and lord and taylor holdings and hudson bay. we're paying $2.4 billion you're ro 8.6 times multiple.

so it's a fantastic deal. >> we heard the deals look better overseas because of the strong dollar because of the currencies that you pointed out. but it also can throw some uncertainty into what you see with sales in the immediate term and how in terms of how those sales translates back into canadian dollars or u.s. dollars. do you think that currency turmoil is something that will end soon? does it matter? >> you know we think this diversifies a bank for us. we already have the canadian dollar u.s. dollar now just the euro. it is smarter than trying to paint everything on one undiversified currency. beyond that the leverages, the real estate joint ventures we created years back. so immediately after this transaction, we're going to sell 42 of these properties to our assignment joint venture for 2.4 plus u.s. euros. we will sell the real estate for that. we will get about $200 million

incremental eb ebitda and very little debt. >> jerry, we want to congratulate you on the deem. we want to hear more about the strategy. stop in soon. film us in on more. again, congratulations today. >> a part of the ongoing globalization of our industry. we will be a leader of that. >> thank you jerry. >> united technologies says it will exit the helicopter business by spinning off or selling its sikorsky aircraft division sikorski is one of the largest helicopters sales. cnbc's fill lebeau is at the paris art air show. he joins us with a special guest. hello again, phil. >> reporter: hey, guys it's a little hard to hear you. and that's because they just begun the demonstration for this part of the show at the paris air show. i'm joined with the ceo of

united technologies, we mentioned you made the decision regarding sale or spin-off of the sikorsky helicopter. tell me a little behind that decision, how quickly it will be made. >> well, i think we have been talking about this for three months. the value last week we seen a spin or a sale. i think by the end of july the next 60 days we'll have a final destination which option it will be. in either case at the end of the year -- >> reporter: i know it's not easy. this is a show where before we came out you said the industry right now is prime for this growth. clearly pratt whitney is at the heart of that. when you look at the execution you are going through with your engine business and where where the airlines and aircraft makers are right now. what do you see over the next two to three years? >> we have been making big investments in the last years with turbo engines. the next solution i think the

supply chain making sure the supply chain can keep up with what we need to do to get more engines to our customers. >> is the industry ready for that? has the supply chain gotten to the point from start to finish to whether boeing or airbus or bombardier they're ready for that execution there? >> we will spend a lot of time getting supply cain readiness. we have teams out as well as making sure not just our key suppliers, but the back-up suppliers also have capabilities. so we're ready the supply chain is ready. we just got to do it. >> one last question here the e says it will look into regulating greenhouse gas emissions. you are not worried about going forward. your concern is about the existing fleet of airplanes. tell me about that. >> so it's all we can think about. rules our engines will be 75% lower. we're not concerned going forward. we said they have about 25,000

aircraft out there. and how is the regulatory environment going to move across not just the u.s. but internationally? because if you are moving these aircraft around the world and regulations. >> reporter: greg hayes, ceo of united technologies guys we should point out that united technology's engines are on the new c-series plane. it just flew. it was so quiet we didn't know it was in the air. he says it's a big difference from this obviously, back to you. >> thank you for that, phil. we could hear it over all that. coming up when we return facing the music online streaming services, going to war, a look at the industry and who can win over today's top artists like taylor swift? jeff davis will join us next as we head to a break. take a look at what else is to come in this hour of "squawk box." .

. >> welcome back to "squawk box," as we have gone through the morning, we are looking at triple digit declines s&p is down by 12 points. the nasdaq is off by 24.

>> let's turn our attention to music. apple turned the music industry on its head once already. now they are at it again, apple music going head-to-head on spotify and pandora as well as jay-z's knew title service. the question is whether the tech giant will blow everyone else out of the water yet again or not. joining us is fred davis. he's the son of clive davis and a major deal maker in the technology space. he has worked with taylor west and black eyes peas rhapsody, a whole lot more thanks, for coming in. >> good morning. >> you do represent spotify. that's important for everyone to know. you listened to what tim cook had to say last week and what into means the new service will be. you think it fairs favorably with spotify? >> i think who apple music is

getting into the music business consumers are listening from streaming. they came up with a very formid-able option. i think when it launches in a few weeks, we will see it. wait for great people to listen to great music. >> is it a game changeer? becky is not a spotify user. i won't speak for her. she said last week she would like the service made. >> ily it's for late adapters and this could be an easy space, radio it? >> in the early days of streaming. apple has another option is great. it's very small penetration in the u.s. for streaming mumpbl. so you used to listen through an apple experience on your iphone. it gives you a few way to experience music. which is great for everybody. >> when you said within the u.s., does that mean there is more streaming elsewhere? >> in some areas spotify came out in europe prior to the united states, so it's a little more mature and more penetration in other countries in europe than it is in america.

it's predominant in sweden. >> in the music industry, it received a lot of mixed reaction. the idea they will have a radio network. some say it's a road station. what's new about that? >> the industry is a balance going on. radio is still free-ish with the consumer fought paying for it. it's advertiser based. which we used to have it. radio is free. we bought cds. >> that balance has been off in the last few years. >> how many players can exist? >> not many. >> jay-z's title is not out of the gate had a running start does that come back? >> does that become a player? pandora launched eight years ago. >> and rhapsody raunched a while

ago. >> it hasn't evolved the same way. it still exists but title should be gave shot to make changes and evolve. they offer high fidelity. we lost meme that like almond brother and fidelity gives them an option. >> what about artists? you have advised over the years, if britney spears said should i be on this service or not? tell us what is right about only being on a pay service? >> i do not think she is right. you have to understand the entire ecosystem. piracy is very relevant. there is a lot of free music on youtube. go to where the consumers want to hear your music and convert them to pay. don't force them to go

elsewhere. that's not a good strategy in my opinion. >> it's better than ever for music. anything that i've ever listened to that i think of i can buy within five seconds on my iphone. from my youth, i'm back into leon russell and i bought i'm going to sigh this tumble weed connection. >> you bought it on itunes our will stream it? if you subdescribe for $10 a month, you don't have to do it. >> i think he might too because the apple situation makes it easy for you? >> yeah. anything so i think it's better than ever. anything that i want. >> all the music in your pocket. >> you can tell me? >> not at all. >> why is piracy better for an artist or listening or youtube?

>> if you were an artist ten or 20 years, let's go back 20 years, the economics of your business are better or worse than they are today? >> today it was better potentially it could be a lot better. >> today you make more money being an artist than you would 20 years ago? being an art it. you thought you would buy more potentially you get paid every time people listen to your music or for years and years and years, at scale, it's potentially a lot better. why should buying one million albums be success? you can have hundreds an hundreds of millions of paid for streams at scale, potentially a lot bigger. >> when you think, though of the economics for most artists today i think i could be wrong it's all live.

>> at success it's live. it is. but again it's been going through a period where the sales in music have declined tremendously. we're hopefully at the bottom where you can start increasing. we are talking potentially in the future it could be a lot better. just because that's the way it is today doesn't mean that's the way it will always be. >> thank you for coming in this morning. >> thank you. >> i'm listening to him. we're going to see, five ten years, when will you know? >> you will know in the next year or two. things will start changing. you will see the growth back. you will have a different conversation. >> thank you for coming in. appreciate it. when we return this morning, stocks to watch at the on bell and then can jeb bush break away from the gop pack? he is expected to mike his official run this afternoon. we will talk about what he brings to the table in a bit. check out the futures at this hour. we seen red arrows all morning, flirting with triple digit

declines for the dow. s&p futures off by 11.5. the nasdaq down by 24. stick around, "squawk box" will be right back. right here. with a control pad that can read your handwriting, .

few stocks are on the move this morning. >> you are a terrible shatner. >> i'm doing jim carey doing

shatner. >> it got lost in translation. >> dealertrack technology the maker for auto retailers is being bought by privately held cox automotive. it's a $4 billion share. micron expects a seasonal surge in chip orders is happening later and weaker than usual. yrland and standard pacific are merging. that's interesting, in a stock swap deal that will create the fourth largest home builder in the united states. saudi prince alwaleed did not want jack dorsey to get the twitter ceo job permanently. not so says the prince. in a statement to cnbc he says should mr. dorsey wish to take on the ceo role i would support

him. but he reported and it was wrong. >> take a look at this video. quite incredible. 12 people are dead 20 missing after floods at the capital of the country of georgia. the flood waters destroyed animal enclosures at the zoo, releasing an unknown numbers of wild animals, including lions, tiger, bear wolves a hippopotamus and a jaguar the hippopotamus was tranquilized and returned to the zoo. the director of the zoo says none of the casualties were caused by animal attacks. >> like everyone hadn't seen it yesterday on the news you still did it as if it was something you feed to see. >> i think it is unique to see. >> if there were more than one hippopotamus, is it hippopotami? >> i don't know. i want to know. >> no that would be the hus

husband, the wife. >> another story from over the weekend that has people buzzing this morning. two teenagers are in hospital after a shark attack on the north carolina coast. it happened in the same area less than a mile apart. the attacks came three days after another teenager was bit by a shark. shoppers are scanning the carolina coast as one of the town people said today, though the beaches are opened. when we return this morning, jeb bush is set to announce a run for the white house. we will find out how he will differentiate himself from the pack. pro players making mistakes on the rise. antoine walker and bart scott teaming up with morgan stanley to try to stop it. we will hear their story in a bit.

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welcome back to "squawk box." here's what's making headlines at this hour. investors have several reports

to digest. also united technologies can sell or spin off the sikorsky aircraft unit. it will make a final decision at the end of the third quarter. jurassic world and universal pictures was the second biggest opening ever. topped by 2012 mariel e vel's "the avengers". jeb bush is expected to announce his presidency run today. john harwood joins us with more on this. good morning. >> reporter: good morning, jeb bush has been exploring this 2016 race for six months now. he is just now getting ready, having come back from a trip to europe to formally jump into the race and see if he can live up to the promise of his candidacy, which everybody has been focused on for some time now. he brings a distinct mix of advantages and disadvantages, first the strengths, familiar names, political network that he

inherits from his father and his brother. he's got lots of campaign money. they have been aggressively raising cash. he also has a solid conservative record from the two terms he had governing this very important state. >> that should appeal to republican primary voters. on the other hand, the disadvantages are there is bush fatigue. there are people thinking they don't want a third bush especially after george w. bush ended office so unpopular. the second thing is she rusty. he hasn't been on a ballot since 2002. that's when he was reelected governor of florida. can you see on the trail he stumbled over the question of whether he would have gone to iraq know lack we know now, didn't handle that very well. this is a candidate who still has got to find his rhythm and finally, he's got younger rivals who can make the case that a fresh face is needed to take on hillary clinton, who is also a legacy candidate. the irony, guys that for all his efforts to establish himself as an independent candidate, which begins in ernest. now he's got the logo that says

simply jeb. he is running fundamentally on the appeal that his brother ran on in 1999 and 2000. >> that is he's running as a compassion not conservative. if you look at the video that he's put out online it's all ability his heart and trying to help people who are down and out and add that to the republican mix. broaden the republican appeal guys. >> hey, john there was a story in the "new york times" over the weekend that laid out the missteps of the bush campaign along the way so far. the story made it sound as if there was disappointment he hadn't broken out of the pack so far. i want to see how realistic it can be when there are some entrants we expect to still be coming into the race at this point? >> reporter: well, it's a good point, becky. look in the 2000 campaign george w. bush managed very quickly to develop a dominant position scared people out.

one, john kasich the governor of ohio who is about to get into this race. that was an anomaly. this is a different situation for some of the reasons i just talked about. so the real test of whether jeb bush can differentiate himself and break out of this pack is going to come when he starts spending money, advertising, letting people know exactly who he is as jeb bush independent of his father and his brother. >> there have been all kind of talk about $100 million raised for that campaign talking that talk down telling people people not to necessarily expect that much. will they hit him? >> reporter: i don't know if they'll hit it or not. they'll have a lot of money, though. i think they will have a lot more money through their super pack and campaign. they will have the opportunity. whatever that number is to get their message out and let people knee who jeb bush is. that's the key. he's a different guy than george amica george w. for all the things that critics like to

attack about him was an afable candidate. jeb bush will have to go out and meet voters in a more intense way and advertising to communicate with them. >> they talked it back down then back up. definitely, they will hit. john, you saw the colonel sanders, he said he got that from w. he did the weird george w. bush kfc thing. did you see him do that? >> reporter: i seen hannah do it as he was on "snl" with his impressions. >> we'll leave it at thavenlt i immediately was reminded of

amicaw. maybe it's just me. did you see shatner on? he looks about 60 honestly. he's 84. 84. >> who is that? shatner, 84. . >> i want to look that good at 64. >> exactly. >> he's funny. i ask, he wouldn't do his shatner, though. >> he has been trying to do imitations ever since. >> i have been doing jim carey doing shatner. thanks john. student loan debt moving on it's more than three times a decade ago. the implicationsco you would be enormous in coming years. senior finance correspondent sharon eperson joins us.

>> i'm here today. this is an important story. >> it is. >> the implications of student loan debt are not just for borrowers but for the economy at large. already many young people are putting off buys homes for one thing. homeownership for those under 35 has fallen sharply. a recent survey by the national association of realtors found 23% of first time home buyers said it was hard to save for a downpayment. half of them 57%, actually said student debt was hurting their ability to save. there are other ways they are delaying like milestones, delaying starting a family. the birth rate for women between 20 and 29-years-old has been declining since 2008 it's now at a record low. and a lot of young people are following different career paths, steering towards higher paying jobs if tech and financial services because of their student loans. but the greatest impactt the burden that student loan debt has on and it comes from

default. the average amount in default per borrower was just over $14,000 n. first quarter of 2014. >> that is hindering their ability to save for a home for the children's education and their own retirement. economists say it can be a track on the overall economy. all week the week cnbc.com has an excellent series. >> it makes you wonder, if we are reevening a tipping point where college education prices can no longer outstrip the cost of inflation by such a wide or the rate of inflation by a wide margin. >> every survey shows the parents want their children to go to college and get a great education and most reports slow that of course you will have a better income and probably higher net worth along the years, when you take out student loans, that kind of shifts the equation a bit for a lot of people. will you really come out that further ahead, depending on the type of loans that you take out. depending on how quickly you pay them back and the i'm of jobs

you get. >> do you see anything changing? we had people say technology could bring down the costs, we're ten years away. are we ten years away 20 years away? anything away? >> i do think online education is bringing the costs down. i think it's becoming more readily acceptable. it's still not an ivey league education. they don't see it equated as the same thing. i'll not sure we are there yet for some types of jobs. >> do the bigger schools the ivey schools, do you see them bringing the prices down? >> i think the demand is out there. the schools that will bring the prices down are kind of in the mid-tier and you know some of the private college sthas have almost the same 26 as a lot of iveys, a lot of people say is it worth that price if i'm not getting that? >> the crazy thing ist state's education, state-sponsored schools have risen even more quickly t. rates have risen even more rapidly than at private institutions. so there is no longer that

massive differential between a state funded school and privately funded school. >> because some will be becoming so much more competitive, a lot of out of state students almost the difference is very slim when you compare the costs. >> s shh araron, thank you. he's teaming up with former nfl lineman mark scott and morgan stanley to pro athletes. new partners will join us right here on the set in just a moment. .

. welcome back to "squawk box." everyone take a look. futures still down as they have been throughout the morning. the dow futures down by about 91 points. s&p off 11. the nasdaq down by 23. among today's stocks to watch, bloomberg. the company says its steermtal gene therapy for sickle cell anemia got results involving a french teenager. still the shares rising on that news that's up by 5%. >> all right. about 60% of pro-football players are broke within five years. it's a scary statistic that athlete antoine walker knows too well. he filed for bankruptcy after earning $100 million. the former nba player former nfl lineman bill scott is partnering with entertainment green investing and financial

advice to early career athletes. drew hawk hawkens is ahead of that. do we need what itself the most important thing do you think curtailing spending early on or just avoiding the come-ons from the get-rich quick guys you will run into when you have money. >> it's about saving early out of the gate. being more educated to what individuals are doing with finances. education, getting an early on as it relates to how individuals need to deal with these opportunities, quick earnings that athletes have and historically having to make decisions at very early stages of the career that shaye have not been accustomed to being in a position to make historically. >> in my life i've even there has been times where i think of the brokerage business. i've made some money. i've blown it. i realize if i hadn't blown it

the money would be earning money where i wouldn't have to work for the money. the money would be working for me. early on i think we can't blow it right? >> it's critical out of the gate. that's one of the reasons why we formulated the morgan stanley global sports and entertainment division. you voted the stats a few seconds ago. we seen this time after time where individuals are unfortunately making uninformed decisions and to have an opportunity now to create a dedicated division where we focus on the needs of athletes and entertainers. let's face it they need unique and challenging life styles as rult relates to how their cash flows and revenues come in. we had an opportunity to have specialized advisers work with these individuals as relates to that and bring if individuals like bart scott and antoine walker that have gone through, experienced things and have conversations and discussions they can relate with connected to a well thought out education program. >> morgan stanley is a good start. you guys do you remember being

approached and like preyed upon by people that knew you had some doeg? >> as i continued to make earnings, you know these are critical decisions you are asking young men to make at a very young age. if you give anybody a lot of money, not just an athlete. you think about actors young entertainers, we seen this story too many times. how do you fix it? with education. you have to surround it with good people. too many times we have financial advisers people prey on people like us. >> antoine, maybe you don't want to go back and remember what were the things that went on? >> i do want to go back. that's the main reason i applied to morgan stanley. this is unbelievable to partner with a group that cares about young guys making money. i came into the leak atgue at 19. it was adjust to i became a

millionaire overnight. obviously, i had my trials and tribulations. i invested wrong. that's where i lost most of my income. >> like in what? >> real estate. not being able to watch it. i'm playing basketball rung up and down the court. i'm not watching on a daily basis. it ultimately comes to me at the end. to share my story with young guy, i look at the nba and athletes in general as a fraternity. i want to share my story so they don't make mistakes. we need to get that number down you talked about 60% in the beginning, i'm about to be a part of that. morgan stanley set up that very well. i'm excited about that. >> i'm mad at the fed. you are trying to save these guys money. how do you invest conservatively? >> we are. >> how? >> it's dramatically based on what their needs and interests are. starting out, having a tight savings program, having a program for liquidity, these careers are short lived and

individuals -- >> don't you find it harder with 0 interest rates, it's hard to get a run on your principal. you are more concerned with the return, obviously? >> exactly. for these individuals, being educated. doing smart things out of the gate. >> we tell people a good savings rate would be 10%. it's hard for people to hit. they expect to have earnings that increase over the course of a lifetime for an athlete. i guess you have to save a lot more than 10% up front? >> when you think about injury. when you think about all the things that happen with sports as well as with entertainment, a lot of these careers are very short lived and being laser focused and having a tight solid plan out of the gate for these individuals is critical. >> how about the staff? i assume once you get into the game the act has taken a piece. you got a manager who wants some kind of piece, you have sponsors, people bringing you deal, how much of the money gets tied up in that?

the apparatus the clothes, everything you think you need for the job day-to-day. >> right now we talk about branding. you talk about guys having to get suits. you talk about people coming out of aids. >> the social media manager. i saw a guy tweeting for him all day. >> absolutely. it's tough. i think athletes really underestimate is the taxation. they understand taxes and they don't understand they have to have a plan long term for the entire year. you know we get paid weekly. that's a long time. it's a lonely, lonely off season. you go a long time. you don't plan that's why the budgeting component of this is so important. learning how to budget. knowing how much money you will get. we really understand how much money you will have you know you have to put it away. >> antoine you invested it. when you are watching the markets, things going on how active a role are you taking? >> obviously, i had to learn the hard way. so being debt free i'm very conservative.

i'm more smart in the decisions i make and partner with the morgan stanleys of the world. obviously, i played in the league. i never thought about sitting down and learning the mark and understanding what my money will do. now, being involved with this i have a better perspective on this. it's more conservative, being smarter. i still feel i'm a young man at 38. so i'm making sure at 60 i'm not in this position ever again. >> is there a player in the nba or if it was just an awesome investor? not making money necessarily as the biggest spot taking the monies off the sponsorship. you sit on the bus, a off the plane. you know who is constantly playing the markets, is that a thing? >> we are fortunate to have one partner with us bart scott. he was conservative. he started out early with the financial plan got connected with a couple financial advisers. he can talk about his experience that led us to be able to connect together.

>> we had great mentors in baltimore. these guys were always concerned about their finances jonathan was the king of free agency. it seemed like he was always getting a new contract. but you know i watched jonathan drove the same car that he got from the draft that was free. he wore the same jeevenlts i swear to god. all seven years i was there with him. they're tremendous role models of what to do having a plan to transition. the problem with athletes we never see the ends coming. we think we are invincible. the career happens. we don't have disability insurance. we haven't protected ourselves, we think we are invincible. >> are you and bart going to be there? >> i will be there. i will do some stuff with you. >> you want to do my routine or something? >> absolutely. >> if you want to i'll show you what i do. popcorn mode. >> i see you working over there. >> it's true i saw him thursday. anyway you don't train

specifically with eddie frayen? >> eddie gets in there. i will let you wear him out. 50i8 i'll come on after you. >> that's a good all. >> when we come back today, we'll head to the new york stock exchange and find out what investors will be needing to watch. jim cramer will watch us. plus check out the futures again. red arrows once again across the board.

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let's get down to jim cramer. what's on your radar this morning? you like any of the deals? >> deals are exciting. dealer tracks a couple on mad money a bunch of times, terrific software company for auto dealers and it's one of the companies no one cares about because we're focussed on greece. here you get a gigantic bid. in the meantime i'm worried about european banks. i think the greeks are making a decision and it's that there's not a lot of penalty if we drop it and don't pay. i think we saw in the 80s that that's not the case. europeans are the ones people are going to start shorting.

does it make sense when there will be an orderly process and debt restructuring in. >> cbc target? >> win win. cvs obviously is going to get a whole new set of customers. target gets money in the bank. they'll be able to continue to fund that buyback if they want to. this is the kinds of companies that are just best in class. target could never beat cvs. it's interesting. neither company is doing tv. i think they should be on. i'm saying that because i've tried to get ahold of them and i'm a little out of school but i think this is a great deal. in the new world you come on and talk about this kind of deal. >> and i was going to say, now that you've had a weekend to think about it any new view on twitter? >> yeah. i watched faber's interview really closely and i was embarrassed. david was, i think very gentle and in his own way and it was embarrassing, if you worked at twitter or if you were on the

board of twitter to watch that. it was stark and embarrassing. >> does that mean you'd sell that and run for the hills? >> i expected to hear something that indicates have some humility. just the idea that there's nothing wrong? that was one of the most arrogant guys talking to faber. he's asking good question answer they're embarrassing themselves. maybe it's the new silicon valley where they don't care what you think. i come back to embarrassing because everyone i spoke to said that was embarrassing. it wasn't embarrassing because of faber. >> given that view you said you had it in your charitable trust. what are you going to do with it? >> i'm frozen. i can't sell half of it. anybody who watched that interview was just chilled. it was like wow, they really think there's not a problem.

the new ceo should come in. if the guy didn't want to do it for six months. fire him and understand it's about promotion and advertisers. stop talking about product and get it together and stop shaming yourselves and stop making us feel like idiots. maybe they think they can do that. that's the way they felt in 2,000. they felt like that in 2000. like that's okay. your an idiot. we're making membership you're not. >> we'll see you in a couple of minutes, jim. >> when we come back what does it take to be a true rock star? the futures are down, take a look.

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broke my leg. he was taken off the stage and returned to the stage on a stretcher. they put him in a chair and he rocked for another 2.5 hours. he really did break his leg. wow. >> that does it for us today. right now it's time for "squawk on the street." >> good monday morning. welcome to "squawk on the street." we're at the new york stock exchange. david faber is off today. markets under pressure this morning as the greek negotiations fail again over the weekend. a big weekend for central banks with a two-day meeting tomorrow. oil is back below $59. stocks are lower ahead of a busy week. cvc buys