oil topping 70 bucks a barrel for the first time since 2014 nestle striking a deal with starbucks. shares plunging. the ceo leaving the company and more evacuations ordered on hawaii's big island. volcanos spewing ash and lava into the air worldwide exchange starts right

now. >> happy monday. sheer how your money and global markets are setting up their day. we will begin with oil wti crude up to $70.42 a barrel. my guess is you drive and gas prices nationwide are at the highest level in three and a halfyears. worldwide asia mixed doing the best shanghai composite up.

the u.k. is closed far bank holiday. two big name that is you know ne nestle striking a deal starbucks says it will use proceeds adding that the deal would add to earnings by 2021. nestle added to its earnings next year. he is a reporter joining us now from switzerland >> good morning. nestle is under a lot of pressure around the world so

this makes them much more compatible >> is there a feeling among people you have spoke to that there was a fairly big hole in nestle's portfolio >> yes they have been building up but you think of coffee so the trick for nestle is they can then take these products globally they can sell them and including selling starbucks coffee

>> did this come as a surprise >> it's not a surprise they are building up coffee >> we are going to leave it there. thanks very much appreciate it. >> it really was warren buffet's weekend. he is making big headlines he loves apple he is endorsing the buy back

plan he made a strong comment on bit coin we'll hear that later on three hours live look at that line up charlie munger and bill gates. about that about a billion dollars line up. we say things like unique thinking we mean it. thanks for joining us. >> sure. thanks for having me you just took about 212 apple shares off the market. are you surprised the stock didn't rally more?

>> yes there is a significant artificial bid in the form of buy backs. >> yeah. and apple being an expensive stock, 183 bucks a share, the dow is price weighted index. apple is very important. when i see apple up 11% in a week and the dow doesn't respond i wonder does the market have a problem? it won't have the apple lift this week does it? >> if you look back at 2017 we had a very thinning of the

market we have seen a leadership narrowing even further if you look at things google and facebook are not participating in this run either it's really been a very thin market, 60% of the components are below the 50 day moving average. so it's really a couple of stocks that's been drivingus

we have been in a chopping price range. what we are seeing is actually a trend of lower highs and higher lows as long as that holds you can see we can see nice bounces in some of the upper gaps i'm looking specifically at 2705 and even 2850. as long as that trend line holds we can certainly move up there

if it breaks down i think we are lo looking at a lower risk line >> is technology over? >> i don't think it's dead but it has to prove something over the last seven or eight years 70% of this is coming from tax cuts so looking forward in a business cycle that is very much extended

what can they ride on in 2019 and 2020 >> thank you follow him on twitter. thank you. all right. here now let's start with france. yesterday they said the government would not rescue the airline and warned survival is at stake the deal does include the assumption of some debt. they are paying about $106 a

share. they told reporters on friday talks are ongoing but it is also talking with other potential partners the drug combo includes tec -- >> all right we'll see you in just a bit. folks, we are just getting started. on deck, warren buffet does not make a lot of mistakes up next he'll lay out a few of his biggest regrets. in turkey massive flooding

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warren buffet said one notable wrong decision he made was not investing in amazon. joining us is a cnbc contributor. >> i woke up going what did i do >> i don't think he should be one of the hardest he is not the only one that maetd mistake. how many people got this wrong >> a lot of people got this wrong and a lot were way late to the game here. you look at amazon and you say what's the future here

if you feel like you're wait you have to be in it it is conquering the world walmart is making significant end roads into india with this flip cart deal and actually pushing amazon to the side >> do you think it is a threat to amazon here >> i do not. they are saying we'll give you discounts. they are going after apparel and foods. i think amazon is the 800 pound gorilla you can't go up gns.

>> and one low profit margin at a time nike didn't get a lot of attention. they are trying to clean up their culture. they obviously had some issue. what's your view on this >> it is not the first brand of retailer we have heard about these issues they talked about the fact that have not had to equality and fairness they are coming out and taking control of that. what the big deal is the north america business has been down and adidas is kicking theirs in north america. of. >> do you think the consumer is

too distant from that. >> i think the consumer is too distant there is always disruption this is telling us they will force the wholesale to go back -- >> what does that industry lingo >> it basically means to less discounting. so we have nike going raise your prices >> they are saying over the past year you have been doing too

many discounts and now you'll go back to full price that's what a lot of brands have done that's the name of the game in 2018 a all of the brands are saying now you're going to behave yourself >> is nike powerful enough to do that >> you are powerful enough to do that until business in the second half of the year is not working and retailers do what they need to do to move sales. >> it will be a beautiful day in new york >> thank you very much >> all right still ahead, incorreredible imas a volcano has hawaii on high alert. that's coming up

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welcome back they are requesting cambridge turn over all of the information on a u.s. sit seb. why should you pay attention

it let -- now to a major story let's get more now live from beirut >> hi. basically it has gotten about 50% more of the votes. that's sort of the narratives. they thought it would be a quick election, that they would have a clear result overnight how does it play into the recent story? they are a major political party. it is a country that struggles to maintain its delicate amongst the three major religious sex

here this plays into the much wider that extends to now to beirut. we have one tweeting earlier today that lebanon equals hezbollah. >> thank you very much we are in new york now with more there there's a growing fight over the central intelligence agency opposition to centers running a prison in thailand they say prisoners there were

tortured nearly 2,000 residents have been forced to flee their homes as the volcano continues to erupt. some spraying lava over 200 feet into the air more than two dozen homes have been destroyed residents there shocked. the rain all came down in just nine minutes more than 160 cars and dozens of businesses were finished back to you. >> thank you all right. oil prices doing something they have not done in three years a man who is clearly more fond of big macs than anyone alive. this is a story you have to hear to believe

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bashes bit coin and crypto currency that's getting a lot of attention today.

thanks for being here. here is how your money and investments look it is up about 80 points right now. nasdaq also on the rise. your big story will be oil oil hitting $70 a barrel for the first time in three and a half years. it is the first time since november of 2014 gasoline prices also at a three and a half year high also, let's help you get smarter on the money stuff that matters this morning there's a few higher gas prices are bad. is $70 a barrel a good thing

>> yes it is. even though it higher oil prices can cause problems historically it's kind of a mixed bag they say it usually rises or moves in the same drks one of the things they are talking about is they have been able to agree on the production cuts right now it looks quite good. demand continues to pick up.

>> yeah. are we seeing a slow shift but are you more concerned about the help of this market as certain parts are starting to rollover? it is an average of around 64% it is exactly where it was when earnings season started. the s&p was exactly at this level. it hasn't been enough to help a market rally that is because some things and several thins have changd since january we have seen higher interest rates

we could surgeonly get a rally i think it will be very very difficult because of the rise in interest rates that will get some -- and we'll have more auctions by the u.s. treasury. supply and demand is more important there. >> doesn't it worry you? you come home and you're like i got a's on my report card and they don't seem to care? it is deflating. it is the best in years if not decades and nobody seems to

care in 2017 everything was met this year we are seeing just the opposite we are having negative news. with this earnings report there is nothing worse for a market that reacts poorly to positive news so you have them kind of sniffing around still. i am wondering where the good news is that may counter those things >> it's interesting.

why didn't the dollar move it was a technical situation where the s&p held this and bounced strongly we also had a situation where warren buffet had historic amounts of cash. so it could give us a little more momentum. this could get it up to 2,800. the situation that has whathas . >> lack of reaction there. a lot going on there

nestle is looking to boost coffee business they own the -- nestle has its own coffee pod company. it looks to heat that up a big day. warren buffet, charlie munger and bill gates will join us for three hours. we are also watching the buffet archives some nick too. >> so this is the world's biggest collection of anything video clip full length video

with regard to warren buffet. we have put up certain popular keyword searches here as well. one of the most impressive things is annual meetings, 25 years worth including this past weekend. it is already up on the web site right now. if you take a look at this, this is a great part of this. 2018 this is the annual meeting from this past weekend

if you find it you can click on that particular part of the transski transcript and it sync's automatically where you're reading from years in the making, months to compile all of these archive transcripts. i invite you to go onto cnbc.com it is some of the most famed words from some of the most famed ip ve famed investors. >> i know buffet said amazon was a mistake for him. they always say you learn more in failing in certain ways i would -- >> i would assume you can. >> you can there is a section on all of the things he said he made a mistake on one was the investmentin ibm

>> can we call that warren w whiffs >> i can put in a good word. >> if i knew how to program i would go in. >> thank you very much time for this morning's top trending stories remember ren buffet clashing over candy buffet said he may turn things upside down in some areas but i don't think he would want to take it over

he wrote i'm starting a candy company. the kwaets he said what do you wish for i will build a mote and fill it with an by this is where we are in america, folks. avengers continues to box office records it is theest did it measuring in 11 days. you could get another big bos. 11 days without here is a he downed his 30th

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crude passing 70 bucks for the first time in three and a half years. a $1,900 price range it is about a 20% upside it follows a downgrade at j.p. mar began chase. they are cutting the rating. all right. we have a look at what's coming up it seems warren buffet and charlie munger seem to be out there. it will be a big day

i heard you talking at that. it was something not just in terms of competitive advantages but they said it is stupid we will definitely bring that up >> yeah. and then charlie weighed in and said yeah. he's right actual motes are stupid. we have three hours this morning with warren buffet two is just arriving he is behind the scenes right here we'll talk to him about all of

his issues he made pretty compelling comments about you should never own treasury bonds i want to talk to him about these issues we'll have two hours with warren from 6:00 a.m. to 8:00 a.m. to pick his brain he will be joined by two other beautiful brains these are three very smart minds. and then the last half hour we'll try to look at united states, global issues. we'll talk health care all of those issues coming up. i heard what you said about wondering what his biggest mistake was you can find it all

on the web site. they were declining in value he held onto them when he probably should not have he has spoken with us about them too. you can find that out too. >> i love that it's 4:45 in the morning. you're there bright and early in the morning. get up early and put on a suit i suppose. >> if you look at it the world is really getting up early you can find this in things like the water utilities, their peak hours have changeddrastically.

is there anybody else that he admires? >> if there was somebody i would have to put at the top of the list he talks about how much he learned from him, how much charlie has pulled him back in one direction or the other but his dad is probably the person that he is most reverent of. he talks about his father. you can probably find that on the web site too he has had conversations about that >> and willing to accept it but i want to throw one thing out there. can you get charlie and warren to use the word bromance about each other

that's a big challenge >> probably not. i can try oil prices ton rise what it might mean for you straight ahead what he compared bit coin to that's getting a lot of u veo ito arn. yoha twa the this. it's great to finally meet you.

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oil topping 70 bucks a barrel joining us now is jeff, founder and ceo and a cnbc contributor gas is going to go up. we know that we'll start to hear the thing. is higher oil prices, is it a negative or maybe in a net positive for the overall stock market >> i think it's in that positive we have seen this move in crude oil. we thought it at $40 it looks like it will go up before all of the anxiety plays out. it has helped smooth a lot of volatility this is part of the healing

process. >> it has been quite a run is there a breaking point? if oil continues to go higher is there a breaking point >> i think there's a breaking point. it comes in above $80. there's a lot to digest this week as we soo this anxiety of the fact that president trump may pull out and slap sanctions back on we are concerned. i think it will come back and kind of go from the $65. thank goodness for all of the

runs you realize it's not netflix it's in video. why? >>. >> this is remarkable. that movement in the video from the lower 100s up above 2$200 ws with the s & p 500 so this week we have big expectations that's lot going into that formula. certainly it has a lot of momentum as long as they have -- >> the final thing is here is that the big thing seems to be earnings are nothing short of spectacular. the dow was pretty much all

apple. there is a little bit of concerns when they see a little bit throughout the day the tenure is now stopped. it's one fluid circle. >> yeah. a big week this week is there something you'll be watching more than anything else >> it is crude oil we'll see a couple more dollars in crude oil believe it or not they are all in one concert right now >> yeah. you have hezbollah picking up

seats here you have tension with yemen as well there's a lot to watch for in oil. super early out of chicago we do appreciate it. >> thank you >> take care it is time to wrap up a show with your morning rbi. today it is the comment that is sure to set the crypo fans alike. he added i can say with most certainty and in the meantime munger saying trading is just

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our special guest for the next three hours, warren buffet. we'll have his latest read on the economy. it is may 7th, 2018 and squawk box begins right now

>> good morning we have a special guest. >> yeah, who is that >> warren buffet >> see, you can do it. you can do that voice. >> good morning. >> i don't know what we pay you. >> good morning. thank you so much for being here >> thanks fo