i'm simon hobbs with sarah and david faber. d will speak with starboard's jeff smith, keith meister. stocks hanging onto this week's surge taken us to fresh highs for the year. the dow advancing further above 18,000 despite ibm falling 5% on earnings. oil extending gaining above $40 a barrel. commodities doing well in general today, silver up 4%. >> our road map begins with netflix. shares are plunging right now after the company report reveals a slowdown in futures subscriber growth. >> goldman sachs quarterly earnings tumbling. ceo told investors he saw challenges across virtually every one of the businesses. >> and it's primary day in new york. a lot at stake as voting is underway in the empire state. we'll begin with netflix, that stock is getting hammered. netflix giving weak guidance going forward during their earnings call as competitor amazon announces its own stand alone streaming video service for a dollar less than netflix is. here's what ceo reed hastings had to say on the call about competition yesterday. >> hulu is

our man david faber will join us on that in just a moment here. >> after the bell, the ceo of merck will tell us why he's been avoiding tax inversions, that's an inclusive interview and proven to be a good strategy. >> it looked like he was being left out of the party, but he's looking good right now. >>> shares of constellation brands popping against fueled by the success of the mexican beer brands. the ceo will join us exclusively to talk about whether donald trump's negative rhetoric towards mexico could be a risk factor for his business. >> i would think with the number one and two imported beers from mexico, it probably is, but we'll hearty it straight from him in a bit. new rules for financial advisers that could give a boost to advisers like betterment, and the ceo will join us. >>> the justice department is suing to block the acquisition of baker hughes. david faber has the story. >> yeah, of course, yet another suit filed by the doj to try to stop a deal, and a couple companies that are willing to go to court trying to assert their right to say no, we don't believe our deal will

david faber has been covering the story since the beginning and back at post 9. >> the largest deal everorn asunder or terminated is perhaps the better term to use there. of course both companies this morning saying they will go their separate ways. this after treasury decided to change the rules midstream. at least something of a surprise to the companies themselves. the three year look back that was introduced by the new regulations issued monday evening and made allergen a far smaller company and in doing the deal as a smaller company, pfizer would not be able to make itself a foreign company. and you don't want to do this any longer. not that there weren't other reasons for doing the deal but perhaps even bring that cash back to the u.s. but in a tax freemaner is one of the key reasons pfizer pursued the so-called inversion. it's very unclear whether we'll be able to do any of that kind of thing from here on in. >> we did speak to ceo brent saunders earlier on squawk on the street and i asked him to respond to criticism from the obama administration about companies like his who do so

, and we will see what that means in other markets. >>> welcome back, and let's get back to david faberanother investor and heavyweighter with the investor summit. keith mice te of corvex management. >> yes, keith meister is joining us and also a board member of yum and other brand s s in the news, and i have to ask you, will you comment, that you have a merger agreement with ete, and as a board member, how do you view the current situation to put it mildly that is somewhat hostile between the two partners? >> well, david, thanks for having me, and thrilled to be here at the 13d monitor conference, and so thrilled to participate. in terms of the williams e.t. as you suggested, i'm limited to what i can say as drirector and largest shareholder of the company. as a director, williams has put out several, and i will say the following, several public statement, and the most recent is april 6th, they filed a press relief in which we stated a unanimous consent to the enforcement of the merger benefits to the transactions of the shareholderers and commence litigation to help ensure that our sh

david faber, back to you. >> thank you very much, mr. santelli.l, yesterday at about 5:00 the treasury of the united states dealt a body blow to one of the largest deals contemplated or signed that is pfizer's planned acquisition of allergan. treasury regulations issued yesterday and take effect immediately, the treasury aimed, it seems, though they differ on this, specifically at trying to end pfizer's ability to buy allergan in what would be a so-called inversion. in other words, a deal making pfizer no longer a u.s. taxpayer. why? because of a three-year look back provision that is part of the new regulations dealing with inversions that would effectively reduce the size of allergan to a point where given the deals it's done over the last three years, they would no longer be counted as part of its size. it would reduce it to the point where the deal would no longer qualify as an inversion and hence it does appear n speaking to people familiar with the situation on both sides, that this deal is likely to be dead. now, that is not yet a conclusio

welcome to "squawk on the street," i'm carl quintanilla with david faber, mike santoli. cramer is off. stocks on track for the second down week in three. futures are higher in part on yellen's comments last night as she pushes back on some recession fears. you have got some decent import/export numbers out of germany. more fed speak today. dudley on the tape. oil is catching a bid as b of a says stockpiles should decline by the end of the year. yellen, bernanke, volcker and greenspan speaking at an event last night. >> hank paulson coming out swinging against actions his former agencies took on former tax inversions. >> shares of gas down big after reporting march was a challenging month for the retailer. we'll look in on the state of retail. >>> just days after the treasury department announced new rules which had the effect of breaking apparent the giant deal under which pfizer was acquiring allergan, hank paulson was on "squawk box" and said companies need to pay their fair share when it comes to taxes but also criticized the treasury department. >> we're a nation of

. >> as we await earnings after the bell today from intel and yahoo among others david faber spoke with jeff smith earlier. he joins us with more on that fascinating tale. >> people are so focused or at least many publications are very focused on yahoo's potential sale of its core business but there doesn't seem to be quite as much focus on the impending fight that's taking place with starboard, the firm that owes 1.7% of the shares of starboard launched an attempt to take control of the board of directors of yahoo, but it's interesting, the conclusion of that proxy fight will come after the conclusion of the process to sell the core business. so i asked mr. smith wouldn't it be better to try to settle and get on that board now to potentially influence the sale process as opposed to be there when it's over and done with? >> if we get to the end and they haven't been successful as it relates to getting the company sold, the core business sold we are going to need to pick up the pieces and be able to make change a. now, the other choice as you mentioned is settling. the advantage of settl

i'm carl quintanilla with david faber, jim cramer at the new york stock exchange. this morning's guest nike founder phil knight. meanwhi meanwhile, future steady 50 s&p earnings today with apple and twitter tonight. oil is up and k shiller up 5 and 3 in february. proctor, 3m and dupont. what you need to know from those reports. >> and on deck we've got apple and twitter which report after the bell. we'll also get a preview of what you can kmpt. >> t-mobile shares on the rise this morning after strong earnings. john legere will join us onset fresh after his company analyst call. first up, beating the street with quarterly earnings on squawk. saying did help results. >> if you look at the margins, core gross margin up 270 basis points. core operating margin up 300 basis points. that's net of the fx headwind. so it's really giving us the ability to continue investing in markets to continue to serve consumers and hopefully to reaccelerate top line growth. >> that is key. organic sales up one, which is not as good as unilever or lo real. >> does more merging growth. the

carl quintanilla along with jim cramer and david faber. oil is on its way in about 90 minutes. >> as carl just said this morning we got news from alergan and pfizer walking away from a deal signed last year. one of the largest deals we receive in that center actually overall, in fact, and part of it done in part not just to try to fuel a growth but also to allow it to access cash overseas and bring it back to the u.s. and become a foreign taxpayer but on monday u.s. issued regulations. this morning the u.s. treasury at least was successful in doing just that, pfizer and allergan going their separate ways, allergan paying pfizer a $150 million fee over time they've spent over the last few months in pursuing a deal together. now they're apart and going their separate ways. we're joined on set by brent saunders, the ceo of allergan. thanks for being here. >> thank you for having me. >> it's been a tumultuous couple of days. >> it has, yes. >> there was a call back in february. you were talking about the spread. you said, man, it's baffling fr

i'm carl quintanilla along with jim cramer and david faber.his missed sales curbing the enthusiasm earlier this morning. ftse is at a new high for the year. beige book at 2:00 eastern time and a lot of debate about whether you trust oil as opec sees falling oil demand. our roadmap begins with jp more indian, beating the shares in the premarket. jamie dimon making the headlines on the call this hour. >> five of the national banks do not have plans sthould there be a winddown. what does that mean? >> 40,000 verizon workers are on strike. >>> first up, jpmorgan, better than expected first quarter results due in part to weakness in trading and investment banking. jamie dimon calling the results solid. he goes on to say, quote, the consumer businesses continue to grow loans and dposs impressively, attracting depo t deposits faster than the industry. they've shown some slides on delinquencies which continue to get better and better. >> right. but i think also we continue to forget there was a rate hike and one was great for them. you understand if w

carl quintanilla, sara eisen, simon hobbs, and david faber.ck santelli. >> this is a preliminary read. it isn't a final. we lost the nine handle. i'm a little surprised. 89 president 7. our last final read, of course, for march was 91. how bad was it? if you go back to september it was 87.2. here's what's interesting. yo view to go back to november '14 to find another. they're not common as of late. when you look at the current conditions, it was 105.4. just a little dip from our last look. so we want to pay attention to this, of course. but it will change in about 2 1/2 weeks. simon, back to you. >> thank you very much, rick. >> gop front-runner donald trump looking to regain his winning mojo over the weekend. new york, of course, sets for primary on tuesday with trump holding a commanding pre-poll lead. an ohio governor john kasich vying for second place taking a not so direct shot at trump's anti-trade rhetoric during an interview with our own larry kudler last night. take a listen. >> competition innovation is good. i think, larry, the pro

i'm carl quintanilla with sara eisen, simon hobbs, david faber.gain, despite some downgrades from the imf, oil is helping out. brent with the highest level so far this year. >> we start with that news from d.c. on our road map. the imf cutting its global growth forecast once again. we'll have a first on cnbc interview with the imf's chief economist. >> and goldman sachs chief u.s. equities strategist, david kostin joins us live. find out where he thinks stocks are headed. >>> also ahead in the show, coke and pepsi hitting all-time new highs this week. you should should you be buying these stocks? >> earnings season unofficially kicks off, should investors be wary? joining us is david kostin. great to have you back. >> nice to see you. >> you've been not necessarily bullish on the year, but now you're not bullish on q1 either. why? >> a lot of issues will be impinging on the market. last night we officially kicked off the quarterly earnings season. the topic in focus for the next three weeks. a couple issues are in the front of investors minds. the

welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber. we have the unofficial start of earnings season with alcoa tonight. the opec meeting on sunday. china's cpi was in line, ten-year around 1.73. oil steady. we begin with larry fink and a warning for central banks as the president and fed chair yellen meet later today. >>> no deal, canadian pacific walking away from the norfolk southern bid after norfolk resisted talks forever. >>> and another company reportedly enters the fray for yahoo!. the ted line for bids this week. stocks are looking to rebound for the worst week since february. alcoa due tonight. the president set to meet with fed chair yellen today to discuss the economy and wall street reform. and la and larry fink saying certain actionsi actionsi actionsi may lead to reduced spending and growth. an echo of what he's said in the past. >> right. i think that we're getting actual success in europe. no one seems to recognize that. i think three months from now, germany will say enough is enough. we want rates to go higher. german

i'm carl quintanilla with jim cramer, david faber, nice to have the band back together.ow is coming off the highest close since december 4th. something for everyone today. an airline deal, some fed speak, futures in a tight range. oil in focus after last week's 6% drop. the federal reserve kicking off a series of bank reform meetings today led by neel kashkari. >> tesla's model 3 orders topped $10 billion in the first 36 hours. >> and that data leak of more than 11 million documents making its way around the globe. why the panama papers have more than a few world leaders under the microscope. >> futures inching higher. oil prices hitting some one-month lows. investors are waiting comments from fed president kashkari, and robert cap lylin. talking about q1 earnings, whether the bar has been lowered enough where they have a nice p/e going. >> there's so many downgrades today, it's daunting. these stocks have moved too much ahead of earnings. i think it's true if the dollar starts getting strong again. right now we see a lot of xraens where the numbers are too low. i'm not

will it rise or -- >> with the pipeline, david faber and i talk about it all the time, that deal is too hard to opine. the personal fighting a ining ar is difficult for me to fathom. >> caller: i like mad dash and "mad money" today. two times a day. >> i like that. >> caller: my stock is uri. >> i'm still not ready for it. this is a business with more to do than we thought caterpillar has, but i'm not ready yet to pull the trigger. bob in new jersey. >> caller: thank you for taking my call. >> of course. >> caller: buy, sell or hold. h.e.i. >> i look like gold and have been recommending using rand gold. add gold stocks are moving, but when the 2k3w08d goes back, which it does occasionally, i need you in the most established play. >> caller: i'm in irvine, california, but originally from el long island. i watch you with premarket and "mad money" in the afternoon. >> thank you. >> caller: basically before and after i play golf. i have a question. i've been retired since january 2015. i'm focused primary on income investments, and -- blackstone. >> blackstone has the variable -- look, reme

what i'm hearing and i think david faber was reporting, that would be too long and too uncertain of aoad. so people think that the deal may be dead. but the companies are still sorting through and we should hear more in the next couple days or weeks. >> you have to imagine there are quite a few pencils on paper right now. we'll see what happens with this, but certainly big moves in the stocks today after those rules came out. meg tir rely in new york. >>> as we mentioned, president obama will make a statement on corporate tax inversions in just about 30 minutes time. we'll bring to you live from the white house. >>> john harwood just spoke with the house ways and means xhilts committee chairman and asked him if stopping tax inversions is exactly what american voters wanted. here's what he had to say. >> company is at a 40% disadvantage for a foreign company buying them and taking them over. they're tired of that. and so rather than more band aids that doesn't solve the yupd lying problem, that's -- >> it stops the allergan/pfizer merger. would that be something thattor con stitatistic

david faber doing some work. kara is with us. the executive editor at re/code. we'll talk to them. >> a report from goldman sachs. yesterday or two days ago we got jamie dimon's letter as well. this one perhaps not as full of some of the dramatic conclusions or at least pros you might get from mr. dimon. a straightforward look from ceo and president gary cone. they do go through a number of the businesses and important to find out what we all know. the big adjustments that have taken place in the business over the last number of years and that continue to effect it in 2015. talking about of course interest rates many parts of the world remaining at or below zero. and goes on to say it is important to remember even if the timing and as for the businesses overall, they point out that investment management and investment banking, two businesses accounted for 39% of revenues last year compared to only 30% in 2012. that due in part to changes that have taken place and fixed income currency and commodities as a result of higher capital that has to be held in that busi

i'm carl quintanilla joined with david faber. we have a lot to look at this morning. europe red although q1 gdp was a shade better than expected. back home personal spending weak but roughly in line. and oil got within 50 cents of 47. that is a new high for the year. our roadmap begins with shares of amazon soaring in the premarket after a solid earnings report. we'll dig into that report plus how amazon's game plan is going after netflix. >> and becky catches up with warren buffett in omaha. and more on apple's rough month. what does it need to recover? >> exxon and chevron out with earnings. what you need to know about big oil and all the energy names leading the way isn't the s&p this month. first up, amazon up sharply after posting its most profitable quarter ever. revenue growth the highest in almost four years. the sales in the company's cloud computing business up 64%. and then there's the upbeat guidance, the margins story, the operating net out of web services bigger than their north american business. >> i have to tell you, you know, on the conference call,

i'm carl quintanilla with jim cramer, david faber at the market exchange. earnings from apple, twitter, boeing, chipotle. a fed statement this afternoon, the nasdaq going for a fifth down day, the longest streak since january. europe's in the green, oil hits 45 this morning. that's the highest since november. as inventories show a draw. and we're going to get more numbers today. our roadmap begins with apple shares falling in the premarket after the company reported a drop in quarterly sales for the first time in 13 years. so what happens now? >> we got reports that comcast in talks to buy dreamworks animation. that has the stock soaring this morning. we'll give you the latest. >> and twitter shares down about 15% after reporting revenue that misses estimates. we'll hear what jack dorsey had to say about the quarter. >>> first up, the miss for apple taking a toll on the stock, quarterly revenue down as iphone sales slide for the first time. for the current quarter here's what tim cook said on last night's earnings call. >> as we continue through the june qu

i'm karl quintanilla with jim cramer and david faber at the new york stock exchange. news to start the hour, treasury secretary jack lew speaking to cnbc about the tax inversion crackdown and responding to companies' claims the new rules came as a shock. >> i think that it should have been no surprise to anyone that we were working on this because we've been working on it for a long time. >> we're going to have much more of sara eisen's exclusive interview in just a few moments. in the meantime, a lot to look at as stocks hit new highs for the year, about 2% from all-time highs. bank earnings in focus. europe's mildly positive. core cpi up 2.2% year on year and jobless claims hit a new low going back to 1973. first up, wells fargo beating expectations with a first-quarter profit of 99 cents per share, revenues above consens consensus. they say while credit results remain solid, the oil and gas portfolio remains under significant stress due to low prices and excess leverage in the industry. and then b of a exceeded estimates with first-quarter results, put profits down

i'm david faber at the active passive summit here in mid-town manhattan joined by cliff robbins, thexecutive officer and a so-called friendly activist that we'll get to in a moment. you do a lot of work in the mid-cap space and this morning you mentioned a new space that i would like to get to, adco in, your portfolio already when you look at your files, a fairly large position for you. why do you like this agricultural equipment maker in. >> we own 2% of the company, dave, and first we like the industry structure, an oligopoly and three principal players around the globe and companies can take price in weaker markets and like the business dynamics. population is growing and protein consumption is increasing, so agricultural equipment is a good business to be in. this particular company is doing all the right things. they are improving their margins and getting on a common tractor platform and a fabulous deal and network and participating in europe which is really a stable and growing prarmarket and the company is underlevered and they will be looking to buy back stock so a lot going

and looking for granularity on this, david faber is joining us from post 9 to tell us what he knows.> yes, obviously earlier on the "squawk on the street" we said to expect a deal, and we got it. a long term carriage agreement in some doubts, and concerning the shareholders of viacom no doubt give n the volatility tha we saw earlier in the week with the stock. but people familiar with the deal tell me that it is maybe as long as five, and call it between four and five, but closer to five, and includes the carriage on the sling tv, the streaming service that dish has introduced over the last years to have different bundles of programs so that viacom's channel channels, nickelodeon, and b.e.t. and other channels will be included in those bundles, and also important milestone for viac viacom, because there is concern that it would not be able to carry the day here with a man who is known as the extraordinarily difficult can knee goschiator charlesergan the ceo of dish, and he is willing to watch the channels go dark, and replace them, and some strong language from him in the last year,

sources telling our very own david faber that pfizer will pay allergan a $400 million breakup fee as per the tie-up agreement. both companies believe treasury overstepped the bounds of its regulatory authority with a crackdown on inversions, but sources say neither drug maker wanted to risk launching litigation against the u.s. government and therefore will agree to walk. >>> other stocks to watch today, the chief executive of the london stock exchange group hitting back at critics at the proposed merger with deutsche boerse. as you can see, not much reaction in any share price today. glenncore has agreed to sell 40% of its stake to canada's largest pension fund for $2.5 billion. and daimler saying it expects its business to improve later in the year after it introduces the new e-class model. the firm saying weak truck sales weighed on the first quarter. >>> now for today's top trending stories. starting with the largest starbucks in the world, which is set to come to nu's very trendy meat packing district. the 20,000-square-foot roast ri and tasting room, as it will be called, will

and david faber will have a interview with cliff robins.nd we will have a guest host tillman fertitta, and that is ahead on "power lunch." but first to julia boorstin. >> and in the state of the negotiations with dish networks viacom is saying that they are extremely disappointed that dish is not engaged in a serious way to reach an agreement for the viacom's number one family of cable networks including nickelodeon and comedy central going on. they say it is par for the course for dish which has derailed ten renewal negotiations since last year. we have reached out to dish for comment, but not heard back from them, but it syndicating that things are coming to the head with vie come and dish, and vie come is looking for higher payments, but dish not wanting to pay more, so a battle between two media giants. more "halftime report" coming up after the break. every year, the amount of data your enterprise uses goes up. smart devices are up. cloud is up. analytics is up. seems like everything is up except your budget. introducing comcast busine

i'm carl quintanilla, david faber, markets tepid after yesterday's climb. continues to get buffeted. >>> coming up shortly on the program. former chairman and ceo of wells fargo dick kovacevich, his views on the economy, on politics and on the health of the banking sector, post earnings also ahead we're going to speak to coca-cola's chief operating officer number two james quincey. coke now down 5%, but first breaking news on existing home sales. diana olick has the numbers for us. dian diana, how do they look? >> existing home sales up 5.1% to a seasonally adjusted annual rate of 5.33 million units. that is right along expectations. we did have a slight downward revision for february. remember we had a big drop in february, so we made up for this nicely in march. but we're still only up 1.5% year over year. sales strong in the northeast and midwest, sales up nearly 11 and 10% respectively, those two areas of the country had been trailing the recovery. so we're seeing strong gains there. that's the good news. not so good news on inventory 1.98 million homes

i'm carl quintanilla with sarah, david faber. we had some weakness in asia overnight.es in europe. little wariness ahead of the central bank earnings coming up late they are week. breaking news on new home sales. let's get to rick santelli in chicago. >> down 1.5%, now, that is a little misleading. the actual number was 511,000, that's seasonally adjusted and annualized on new homes but last month moved up from 512 to 519 which makes that the high read of the year. that was february. you can see where 511 fits in that's down 1.5%. just to give you context last year's final read was 540,000. now, for more granular context digging down on this number, let's head east. diana olick will give us more color on march new home sales. diana. >> well, rick, as you said we did see that revision higher in february. so you look at this, yes, it's a miss down 1.5%. we were looking up 1.6%. we were looking for 520,000, we got 519. not so far off. what i'm most interested in is the pricing here. the median sale price of a home sold in march was $288,000. that is down from $293, 400 a

so again with this deal kind of in place here, david faber is doing a lot of reporting on this subjecte cable distribution dynamics. right now the subscriber bases look like for at least the time being they seem to be okay with what is happening here as well as putting conditions or certain contingencies upon how they can do business whether this merger does actually get done. >> julia has been following, as you point out this story for a long time. did we lose julia? dom, so as you say here, obviously, the concerns were that there would be a issues of overconcentration in a single company's hand. i guess as you say, the footprint of these two particular cases skirt around that just enough and maybe there will be divestitures beyond those that have been announced if, indeed, some have been announced. >> what is also interesting about that, you mention comcast, you're talking about the nation's largest cable television provider, the largest distributor inform kind of content. so whenever they get involved with something, perhaps there is a lot more antitrust scrutiny. you're talking abo

david faber has been covering all of it. that's why he's still around today. he's got the rundown on everything that happened. >> and you're right, it is. it's official. it's a real takeover thursday. we try to actually come up with these things sometimes when it's really not warranted, but it was today. let's start with the biggest deal first and we'll work through some of the others. the largest deal is the $25 billion acquisition of st. jude by abbott, and it's a deal in which cash and stock is being exchanged, of course, by abbott to take control of st. jude. they hope to close the deal by the fourth quarter of 2016, and importantly, they see it accretive to earnings over the short term. almost immediately post close, as much as 21 cents of accretion in 2017 and 29 cents in 2018. it is, of course, similar to many of the deals we saw last year in that record grer for m&a in that it does include a significant cash component. abbott will borrow. borrow is extraordinarily xhep a cheap, and when you do that you're almost always getting accretion. investors thou

i'm david faber along with jim cramer. and we are live from the new york stock exchange. carl has the day off today. let's get a look at crude oil where we start. wti down a little less than 4.5% this morning, brent about the same loss. take a look at futures and then we'll get to the european markets. we are looking for a down open here in the states, but not that bad overall. i'm told our charts are frozen, so take my word for it. europe was not quite as bad as people thought. the worst market overall was -- there, unfrozen that you can get a sense of things. there's a look at europe. again, the losses not particularly substantial given that move down in crude. in asia is where things were a bit tougher overnight, japan in particular with that stronger yen suffered a more than 3% decline. let's get back here and start with our road map. and where does it start? well, where you'd expect, oil prices are down after the failed doha deal. we're going to take you there live and bring you the latest. morgan stanley shares getting a boost from what was a better than expected qu

i'm karl quintanilla with sara eisen, simon hobbs and david faber at post nine of the new york stockome weakness to start the day. dow's down 114, telecom not helping, verizon downgrade. oil's not doing a whole lot, but is in the red to the tune of 2%. >> here's your road map for the next 60 minutes on cnbc. jamie dimon making waves on wall street with his wide-ranging letter talking market volatility and china. >> plus, an exclusive interview with margrethe vestager. she'll weigh in on inversions, the panama papers and the latest on google from the eu antitrust commissioner. >> and former farmer ceo will join us with his take on pfizer, allergan and the rest of the injury. >>> first up, jpmorgan ceo jamie dimon writing "the good news is the system can handle the volatility. the bad news is we don't completely understand why this is happening." joining us at post nine, tony crescenzi at pimco. >> nice to be here. >> nice to see you. do you have thoughts on dimon's letter? >> let me just take it higher and talk about the banking industry in general and relate it to central banks and a

i'm karl quintanilla with jim cramer and david faber at the new york stock exchange. the hour, treasury secretary jack lew speaking to cnbc about the tax inversion crackdown and responding to companies' claims the new rules came as a shock. >> i think that it should have been no surprise to anyone that we were working on this because we've been working on it for a ng

of course, our david faber now reporting late last night that the companies are expected to call this deal off this morning. he's reporting that it's expected that pfizer will pay as much as $400 million in a break fee. folks are basically saying that obviously it was these new rules from treasury that derailed this merger, and they're saying they were so specific that this should be called the pfizer rule. essentially, this is that three-year lookback which would limit how big allergan can be considered when comparing it to pfizer. let's look at what it next for pfizer and allergan. while you do see allergan stock coming down on this, people are pretty optimistic about the future for both companies. in terms of pfizer, folks seem to expect this could potentially accelerate a decision to split up the company, which investors have been cheering. they also expect to potentially see more biotech, m&a coming from pfizer when they end this. for allergan, they do have about $40 billion in proceeds coming from selling their generics business. so they're expected to take that and potentially

di va david faber is at 13 d. -- >> he's active, he's not passive. >> he's very active. he's going to have many live and exclusive interviews today from that event. uptown carl is off today. let's look at futures the day after the dow closed above 18,000 for the first time since july. the 10-year note yield today as well is worth looking at. it is yielding

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.old up suggest the worst two-day dec

welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber at the new yorkerday's downside reversal. only the dow remains positive for the year. as we open earnings season with alcoa and csx tonight. uk inflation firmer than expected.

i'm carl quintanilla along with jim cramer and david faber.ng the enthusiasm earlier this morning. ftse is at a new high for the year. beige book at 2:00 eastern time and a lot of debate about whether you trust oil as opec sees falling oil demand. our roadmap begins with jp more indian, beating the s

i'm carl quintanilla joined with david faber. we have a lot to look at this morning.ted. back home personal spending weak but roughly in line. and oil got within 50 cents of 47. that is a new high for

welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber.son with alcoa tonight. the opec meeting on sunday. china's cpi was in line, ten-year around 1.73. oil steady. we begin with larry fink and a warning for central banks as the president and fed chairle

i'm carl quintanilla with david faber, jim cramer at the new york stock exchange.anwhile, future steady 50 s&p earnings today with apple and twitter tonight. oil is up and k shiller up 5 and 3 in february. proctor, 3m and dupont. what you need to know from those

i'm carl quintanilla with jim cramer, david faber, nice to have the band back together.er 4th. something for everyone today. an airline deal, some fed speak, futures in a tight range. oil in focus after last week's 6% drop. the federal reserve kicking off a series of bank reform meetings today led by

i'm carl quintanilla with jim cramer and david faber with the premarket exchange.hings. stock. inlienld and the opec meeting this morning. europe is ready to start their

i'm carl quintanilla with jim cramer, david faber at the market exchange.tle. a fed statement this afternoon, the nasdaq going for a fifth down day, the longest streak since january. europe's in the green, oil hits 45 this morning. that's the highest since november. as

i'm david faber along with jim cramer. and we are live from the new york stock exchange.'s get a look at crude oil where we start. wti down a little less than 4.5% this morning, brent about the same loss. take a look at futures and then we'll get to the european markets. we are looking for a down open here in the states, but not that bad overall. i'm told our charts are frozen, so take myor

welcome to "squawk on the street," i'm carl quintanilla with david faber, mike santoli. off. stocks on track for the second down week in three. futures are higher in part on yellen's comments last night as she pushes back on some recession fears. you have got some decent import/export numbers out of germany. more fed speak today. dudley on the tape. oil is catching a bid as b of a says stockpiles should decline by the end of the year.