want to bring in simon hobbs at the nasdaq.t will be another interesting test as we still are in the post facebook phase. >> and the moment as we go to watch the orders being matched for the first trades, you know, you can't help yourself but think back to what happened with facebook. the guy that is founded kayak, that is a household name. people know what it does, and finally of course taking it to market with at least price per valuation of a billion dollars. we'll see what it actually opens up at. $26 a share and raising a $91 million there and as we mentioned earlier on it is a long journey bringing kayak to the market, well over a year-and-a-half since they filed for the ipo. a bumpy journey. they have turned losses to profits in the first quarter. at the same time, though, there are of course clouds on the horizon with the technology that they use and it is always an important moment for entrepreneurship and capitalism when guys like this are able to take the business they found and had made them household names and able

simon hobbs, tyler matteson. waiting for a live, exclusive interview with henry cravis. we're at the highs of the market, simon. >> we are, sue. this is quite a significant rally. we were in negative territory at the beginning of the session. gone up triple digits on the dow and 1374 on the s&p. that is the july high. if we can hold this, this could add further to a rally taken us up 7% from the beginning of june, sue. more than through the show. >> the dow up. now to tyler in midtown manhattan with more on when's happening at the cnbc and institutional institutions delivering alpha conference. great ideas last hour, ty. >> yes, indeed, sue. i was just getting the instructions right there. and i would say that a couple of things that really stood out when we heard jim chanos talk about hewlett-packard, if you tracked the chart of that stock, when he started speaking, and saying that sometimes in tech value stays value for a reason, meaning the price goes down, the price went down by about 50 cents a share on hewlett-packard right then and there. one of the other panelists

i'm simon hobbs. let's start with the financials. a slowdown in trading and investment banking continues to plague all the big names. certainly shares in morgan stanley, selling off today after missing earnings and revenue estimates by arguably a long shot. is the best trade here to avoid the money-centered banks, those big international universal banks? stephanie, avoid them? >> well, i think that there are haves and have-nots. i think there are strong players in terms of jpmorgan, wells fargo, those companies posted pretty good numbers. underlying fundamentals were strong, good balance sheets, very good capital positions. and then you have the morgan stanleys of the world which really continue to have problems. and we have avoided. so what we've been doing is gravitating towards the high-quality names. we own jpmorgan and the fund because you can get that one at one times tangible book value. i think a lot of bad news is behind the story. >> when you look at morgan stanley, morgan stanley as a long/short guy, a lot of hedge funds h

let me get to simon hobbes in boston at a major travel industry conference. >> yeah. >> with what he'sing up on the 10:00. hey, simon. >> obviously a busy day for you guys. also busy down here. we'll take you inside one of the biggest business travel conferences in the world. the big news here. did american airlines ceo diss his potential merger partner? we'll talk to tim horton the ceo of amr. that and more on "squawk on the street." >> meanwhile, time for six in 60. >> delayed reaction. last week the little light. goldman springs into action. >> decker's downgraded. >> remember, this is just -- this is uggs and all i can say is ugh. >> upgrade for cablevision at b of a. >> a nice counterplay. david likes to talk about these companies. cablevision, not the right time to pie it but he may disagree. >> ubs downgrades walgreens. >> walgreens had a gigantic move and now we're stuck with the fact with walgreens isn't doing well. >> look for an upside surprise at amazon. >> people at home, listen to me right now f.amazon does not go down and it starts reversing, you are going to see a bette

thank you so much, simon hobbs.ors as pressure mounts for management change, asset sales. who that investor could be and what changes we could see from p & g. >> that is bill ackman. a $2 billion stake sounds like a lot but with a market cab it's a small percentage. huge move for ackman he's had bigger stakes, target but never targeted -- sorry for the pun -- of this particular size. why go after them? due to management portfolio, unlocking value. compare the one year of p & g to rivals, kimberly-clark, pg flat, colgate palmolive. the biggest issues around p & g emerging market exposure. couple years ago this seemed like a good idea. now markets are slowing and stronger dollar further hurting business. then there's the issue of pricing. proctor raised prices in the last year and competitors did not follow suit. the company lost share. now overarching all of this, cost-cutting. most analysts think the $10 billion plant over the winter was late to the game. all of this sparking reports of intensified pressure on ceo r

back to you. >> thanks so much, simon hobbs. >>> want to get to bob pisani, see what's moving on theetter tone to the market. i'll tell you what i like -- put up the sectors right now. remember people have been going gaga for dividend-paying stocks, telecom and health care, big pharma are big dividend payers. and tech which should be a market leader has been lagging. today that's inverting. boy do i like to see that because they're moving on earnings. big tech names have had good earnings. ibm boosted guidance, ebay. qualcomm frankly was a disappointment, downbeat guidance for the current quarter. hold on, put that back. fourth quarter was heavily talked up. that's the important thing. the other major story going on is this big rally that we have been seeing. put up the brent chart for me right now because that's moving the stock market. we've seen a huge rally in brent and west texas. what, 20% in the last -- since the month began? we were at $90 on brent just a short while ago. now we're at $107. take a look at what that's doing to some of the big oil service names. we've had a gre

i'm simon hobbs. this is new york state.railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >>> >>> 50 years ago ago sam walton opened his first walmart. how should the company celebrate with customers and shareholders? pat writes -- by reducing the socksto 99 cents. i would have thought they were already 99 cents already. >> john writes -- everything 50% off for a month, and for shareholders a 50% cut. cheerily not on shoulder. >> after turning 50, it managed the age where it can be hired as a greeter in the stores, which is a good one for a lot of people, we should point out. >> yeah. they've had great succeeds, but not in the storm until literally the last few months. >> since the bribery bottom -- >> interesti

let's get over to simon hobbs and find out what's coming up in the second hour of "squawk on the street horng is going to be an interesting week this week. deutsche bank saying this week will determine how we trade to the end of the year with what's going on in europe. we'll focus on energy stocks, the best-performing sector for july. and we are live from the limplz gam olympic games and many of us are still reeling and what it meant for britain. >> quite a trip. >>> time for "six in 60." six stocks in 60 seconds. let's start off with equinix. >> it's up 80%. >> ciena upgraded to a hold. >> maybe something happening. >> jeffries downgrading eli lilly. >> buy lilly. >> downgrade at citigroup. >> people won't stop calling the top in the housing group. >> and also a downgrade today -- >> another guy says, listen, they're vulnerable. look at stanley works. >> and broadcom gets a buy over at citi. >> they're on the road talking. they're going to have a great second hf. >> "mad money" tonight, you're going to take a closer look, perhaps, at some of the deals. >> i want to talk about shaw in t

simon hobbs has got what's coming up in the next hour. simon? >> yeah, good morning to you, david.ebook stock is up 16% so far this month? in the next hour of the program, if you're not already a subject in the kingdom of zuckerberg, we're going to talk about whether now is a good time to buy the stock. also, "fortune" columnist bethany mclain will be here to argue that goldman sachs should simply be shut down. and we're also going to have a romney surrogate on the program. of course, today's the day that the gop will attempt to vote down obama care. what would romney put in its place? back to you guys. >> all good questions. we'll see you then, simon. let's get to "six in 60." six stocks, 60 seconds. start off with ibm. >> this stock has been rolling over and suddenly ubs comes out with a mutual. couldn't be a worse time because a lot of people think this is breaking down badly. >> waste management is next. >> this is morgan stanley fundamentals. be careful selling it with a 4% yield. they're doing a good job. too negative. >> b hnk php billiton, credit s goes buy to hold. >> you

. >>> want to go over to simon hobbs, fresh from vacation. >> nice to be back.ng to join us. we'll talk about software. he's getting more pessimistic about what's happening. but we're going to challenge some of the pessimism and talk about the possibility of a major rally in the second half of the year. to that end, we will have barry knapp from barclays also talking about where you can protect your wealth in the currency market. of course, the euro, bottoming out potentially. >> thanks, simon. >>> time now for "six in 60," six stocks in 60 seconds. let's start off with disney. >> bernstein comes out and says every single cylinder firing parts. next place to go, high. >> dollar tree downgraded to sell -- >> this is amazing. this company -- they put dollar general up, which is the better one. i think that's where you want to go is dollar general. >> okay. visa is downgraded to sell -- by the way, $98 billion market cap. >> you can't stop this company. these downgrades off a worldwide downgrade, forget about it. >> dover, below consensus -- >> europe, europe, and

. ♪ >>> simon hobbs back from boston rested and ready to get us started at 10:00 am. >> absolutely.morning. we'll get the latest trades and analysis on where we are with u.p.s., at&t, and importantly the read through for apple tonight which is actually quite positive according to some analysts. david will have an exclusive interview with executive chairman martin franklin and also some takeaways from the big business travel conference i was at in boston a over capacity for the hotel chains in china and also talk about how the airlines are now going to attempt to tempt you on to their flights and the inside of the cabin more than anything else. back to you. >> there have been a couple headlines on that. thank you very much. time for six in 60. six stocks in 60 seconds with jim give or take a few. deutsche, watch tractor supply. >> this stock has come down a lot because of the drought. i want to be careful. i think this is dicey. >> all right. u.p.s., sell radio shack. >> i want to tell you i think it is too early to buy radio shack. >> dominos pizza light on the top line. >> do peopl