david faber is in washington. david, what have you got coming up?e can't wait. >> we're going to be talking with the newly installed chairman of sirius sat lie, greg maffei. reports in to john malone. yesterday a long sit-down did i have with mr. malone tomorrow, but today mr. maffei life. tomorrow, former ceo of microsoft. that's real behind me. i always thought that it was just a picture but they've redone the studio and that's actually a window. that's the capitol. >> well, cool. i always thought that was phony, too. greg maffei, now chairman of sirius. major opportunity if stock is only at $3 because maffei is a moneymaker. >> we'll talk a lot more about it. >>> let's look at where we stand in the futures after the best three-day winning streak on wall street of the year. mixed picture this morning. looks like the dow industrials will open up about nine points. s&p a fractional mover. nasdaq could open a little network. >> holy cow! stock goes up a dollar! north korea, could you give the stock a break? >> an old friend from goldman sachs has a f

david faber is in new york city where he will reset from obviously last week's tough week, david and get set for a busy week of earnings and insight from big investors, too. >> yeah, you know. carl, we talked so often about the lack of merger and acquisition activity, but not the lack of activism even when it comes to deals themselves such as southeastern on dell, for example, or some of the opposition to the pcs-t-mobile deal. activism has been bigger than ever and so we are focused today on a number of dint guests who will join u and barry rosenstein from janna amongst others and we'll have news as well very shortly. >> wherever you are, david, there generally is news whether people want to know about it or not so we'll talk to you soon. >> in the meantime, we're coming off a turbulent week and saw volatile markets and all of the developments over the marathon bombing in boston one week ago today. >> the tacit approval over japan's monetary easing policy and no one will mess with the boj and they got green arrows on the continent at least in the early going. our road map begins lik

let's move on, david faber is at a key gathering of some of the biggest hitters in the activism todayng from the active/passive summit in new york city joined exclusively by a special guest. david, you've broken some news today and now bringing us a big interview. >> yeah. we are joined by keith meister of corvex. it's only been around two years, the activist fund but it's already $3 billion in assets under management. keith, you've had a number of successes, including corrections corp, very happy to have you here. your first time ever on television. >> yes, thank you. >> i want to talk about a current situation in which you're embroiled. it's a nasty fight involving commonwealth, a large real estate investment trust in which you and realitied real estate operators own about 9%-plus ownership in which you're in a contested fight with. why? >> we, corvex, partner with related. related is a private company that owns 5 million square foot of commercial real estate. one of the best owners, developers of real estate. they presented us an idea back in january of a unique collection of real

. >>> i'm david faber with some breaking news involving jcpenney.tock today, given soros fund management's decision to take a significant stake in the retailer, although the soros is in name only. george soros had nothing to do with that decision. more likely, peter crusoe, the analyst who follows retail at that company. but what is central to the near-term future of jcpenney is its ability to fund itself, given it is at least still at this point, burning through cash. and on that front, we may soon hear some news, as the company and its advisers go through a variety of proposals to try to decide what it is they want to do to raise what seems very likely to be a significant amount of debt, not equity. there's been fear there may be some debt offering, also by the equity offering. that is not the case, at least according to what i am picking up in the capital markets at this point. more likely, something being put together right now by goldman sachs. sources telling me goldman is in the midst of rounding up financing for jcpenney. it has commitments

carl quintanilla with jim kramer and david faber live at the new york stock exchange. e the shiller home price report out and the results are on the screen. david will join us shortly to break down those numbers and another good one this month. futures coming off yesterday's all-time high from the s&p. pfizer, etna, starwood and a two-day fed meeting begins as well and markets are mixed in europe and good earnings out of ubs and another all-time high on eurozone unemployment. more chatter about an ecb rate cut on thursday. our road map begins with the markets as the rally chugs off and never getting this far in a year without a three-day sell-off. indeed, the s&p's starting off today from yet another record closing high. it's a bitter pill to follow. the drugmaker missing expect aegs and cut its guidance and the bidding war for sprint continues to heat up as one side holds its ground and the other makes an advance. >> we'll start with the markets, a morning after the s&p rose to a record closing high and the index within seven points of 1600. you have the nasdaq closing

david faber is following the story and talking to cramer just ahead. >>> later, perfect prescription? what got a boost from investors this morning after news of a positive drug study hit the street. and cramer will talk to the ceo next. plus, crude behavior. oil on the decline in 2013. and while it makes for a refreshing sign at the gas station, some energy stocks are finding themselves in a slippery situation. could the slide continue? cramer sits down with the ceo of energy 21. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jim cramer on twitter and if you have a question, tweet cramer at #madtweets. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. ♪ ♪ >>> of course, our thoughts are with the victims and the families of the victims of today's horrible tragedy in boston. for this terrible incident we learned about an amazing deal. dishwork's takeover bid for sprint, a rival bid, and which rose on the news only closing up 84 cents or 13.5%. normally when a company takes a catchover bid i try to tell you the sell it, because

david faber with the latest details there. stay with us. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! >>> welcome >>> welcome back. the battle over pc maker tell's future heats pup david fabe

the man for the job is david faber, my favorite man from "squawk on the street" and this is one tough. that is why when i heard it i said, david, you are coming on the show tonight. thank you for coming on. >> my pleasure. >> we have to touch on the tragedy, because it is one of the things that takes your breath away, and i happens, and no one really knows anything. there is a vast scramble and you deal with a lot of the big fund s, and there was just -- just chaos, and i think that paralysis among the people to figure out what to do with the money. >> no doubt, a tragedy like this, and then the market. and clearly, we were having a poor market day, and then, you add on top of it this horrific incident in boston, and lot of the questions that we don't have the answers -- >> and that stopped. i don't know anyone who can think about money, because you just stop. that is pretty much what happened wane will sort through the terrible find out more about it. charlie urgen did this deal and that is not the type of deal, but the opening salvo of one of the more remarkable things that i have s

david >>> david faber broke the news.tails. >> microsoft finds itself with a new very large investor today as we reported earlier. valueact, a large activist focused hedge fund, has taken a more than $2 billion position in the software maker. valueact typically takes a position for a long period of time. jeff ubben who runs that firm is focused on the fundamentals and hoping the company can be persuaded, perhaps, to focus less in some ways on its office franchise and windows and more on other businesses that he believes will add a great deal of value. valueact, as i said, takes its time with its investments. often many years. if they don't go the way it wants, then there is the possibility of activism. sometimes resulting in a board seat or two board seats and a number of different things that take place. nonetheless, one of the larger investments have been made in microsoft by an actively managed portfolio. so many of the large investors are actually index funds in microsoft. and the share is reacting very, very positive

. >> that news first reported this morning by our own david faber. this would make it one of the top five. it's big, powerful. microsoft quietly is a seven month high. >> this is a downgrade. >> stocks down 2% here. they say the full year forecast recovery increased their view. >> given one of the last big vocal bulls. this stock has doubled in the last few years. >> second largest. margins approved by about four%. because guar -- >> i know. it's used in this and that helped their margins. >> and we have six flags continuing to rock? >> let's see what that stock is doing. up 7.5% here. 32% revenue growth. first quarter attendance. it's a discretionary thing. has apple lost its cool factor? what say you? >> the cool me trick is very, very tough. if you're cool you can't say you're cool and you're not cool any more. >> i don't think that cool factor is the problem. then you have got to look at the retail strategy in places like india and brazil where apple has never really done a strong push. are they going to do a lower priced iphone? >> look. when th

david faber reporting that goldman sachs has arranged a $1.75 billion financing package for the retailer follows yesterday's news that george soros reported a 7.9% passive stake in the company. jcpenney surging 11%. best day in 15 months. jcp is the most shorted name in the s&p 500. 47% short interest. melissa? back to you. >> thank you, josh. guy, are you a sensible slacks kind of guy? you like what's going on there? >> well, see, now, you can't live in a vacuum te[e, harvard girl. >> what are you talking about? >> on april 11th, when that stock flushed, i was sitting here, finerman was there, i said, you know, not a bad day to be buying jcp on this flush. traded like 89 million shares. >> and you say i called you crazy. >> yeah. >> i call you that often, i don't remember. >> it's all about trading. today is the day, you probably take some off the table. in a vacuum, today, if you flew down from mars, what do you do? you buy it again. ? >> really? >> yeah, because people are chasing. all the company's broke, the stock may have legs here. >> yeah, i think what you can say, the best thing

. >> we will get to david faber. a possible $100 billion stock and cash bid. aphone. you're down at the exchange. david, what do you think. >> i don't want to opine on the state of journalism these days, andrew. >> i already did at 6:00 this morning. we're probably at the same place on this. >> but there is a story here and i want to get to it. frankly, it's one we have been discussing on "squawk on the street" for quite some time. negotiating a term sheet, and that is the story. that's long over. it is a well choreographed effort. there has not been a formal offer made number hostile offer for that 45% of verizon wireless they don't already own. they are in the midst of this very open effort in some way toss get the shareholder base of vodafone to really start to speak loudly and clearly to the company ceo and say you have got to do this and do it now. verizon made no secret of the fact that it wants to do a bill to buy the 45% of verizon it does not own. why not? many reasons. it is pretty good currency. to borrow 40 or 50 million dollars so you can be half c

david faber, back to you. >> all right, thank you, mr. santelli. om david stockman. >>> up next, why major league baseball's biggest, most valuable franchise might not even be a team. brian chapman is going to explain. >>> houston astros kicking off the 2013 major league baseball season making their american league debut, trouncing their in-state rivals the rangers 8-2. it's mlb's mobile app that's already this big win there season. our brian shactman has more on that. hey, brian. >> carl, today actually is the official opening day. we have 12 games on the slate. i am in the control room for mlb.com which actually produces a lot of the on tent for the mobile app mlbatbat which just happens to be the most successful and profitable mobile sports app on the entire planet. we all think about football as the country's most popular sport. but the truth is they have not figured out how to do this. it was downloaded 7 million times last year. along with mlb-tv you can basically watch baseball anywhere on any device. when forbes assessed the franchise value,

i'm carl quintanilla and jim cramer and david faber.tonight at 7:15 eastern and the beginning of earnings season. alcoa after the bell tonight. europe's in action catching up to our rebound late friday, several green arrows also point out that former prime minister margaret thatcher has passed away at the age of 87. the nikkei, the highest close t and our road map begins with the markets poised ahead higher despite investors prepping for what's setting up to be a disappointing earnings season. >> general electric, ump approximating up its oil and gas business, provider lufkin industries for $3 billion. >> deutche says the airline sector is expected to take off expecting profits up 140% from a year ago. >> our own jim cramer on "meet the press" this weekend keeping about fed chair bernanke in the driver's seat. >> we'll kick it off with the markets as first quarter earnings season kicks off with alcoa. earnings outlook is fairly week. growth expect, compared to 6.2% last quarter is also an unusual high number of negative warnings. 107 ne

david faber will have that. but first rick santelli. >> absolutely, simon.'s economic message is an interest read. i'm not enam ared with the hous budget, senate budget. when did less deficit increase become cuts in deficits? we're going to talk about that and more with david malpass. [ male announcer ] at charles schwab, we've committed to setting the bar high by going low. tdd# 1-800-345-2550 like offering schwab etfs tdd# 1-800-345-2550 with the lowest operating expenses tdd# 1-800-345-2550 in their respective lipper categories -- tdd# 1-800-345-2550 lower than ishares tdd# 1-800-345-2550 and vanguard. tdd# 1-800-345-2550 and with all our etfs commission-free tdd# 1-800-345-2550 when traded online in a schwab account, tdd# 1-800-345-2550 it leaves our investors with more money to invest. tdd# 1-800-345-2550 something they've come to count on with us. tdd# 1-800-345-2550 so as investors continue to set their portfolio goals high, tdd# 1-800-345-2550 we help keep their costs of investing low. tdd# 1-800-345-2550 give us a call and open an account today. tdd

did you play the david faber card? did you say i'm david faber -- >> no. we got in early. it was in arizona. it was packed. monday night. packed. when we left there was a 30-minute wait. so there you go. >> yet they can't do well. bread sticks are fabulous. that's why you you wear cargo pants. >> darden is the sixth biggest gainer today. >> you wear cargo pants -- >> go to target, get the cargo pants, then beat bejesus out of olive garden by eating all the rolls. you want a bargain? bring the cargo pants! >> how about taking dpz of off the conviction buy list. patrick doyle's going to join us at 10:15. >> that downgrade has got real power. the stock's up. the conviction buy list versus the buy list. david, what is that? what kind of -- how much different levels of buys are there? >> it questions what they really mean when they buy. have you no conviction in your buy? >> i'm recommending a stock i have no conviction whatsoever. >> from now on when we refer to a buy at the goldman sachs, say it's the no-conviction buy. >> jeff skilling. no-conviction buy. you go to jail for

. >> i'm here with kayla tausche and david faber, as tense as things are in boston the wheels are abouto turn. the opening bell about a minute or so away. so as a result, we're seeing the collision of those pictures that you're looking at and in this case today at the nyse, an ipo and in this case of seaworld. we just had a parade of penguins, dancers come through the exchange and make their way to the balcony, a celebration that had obviously been in the works for a while and that went ahead even with the developments in boston overnight. a lot of corporate news, of course. you guys have covered it all morning long, ge, mcdonald's, ibm, google and we'll get up to speed on all of those and pretty interesting stories embedded in corporate america today. boston, of course, is going to be the focus. let's take a look at the opening bell here as we said earlier. seaworld, seas is the ticker and we'll talk more about that ipo, a blackstone exit, as i believe, david? >> that -- a blackstone exit there and a blackstone exit there this morning, carl and we may also get a chance to talk to decid

my buddy david faber and i were discussing the valuation of gillead.is per teshed by the valuation, and i am not. farm sed might have a cure for hepatitis c, which there's nothing else on the market for. how about this one? we have -- this is j. lum barred 207 wanting to know do you like k, kellogg, or general mills, gis? more long-term. _#boo-yah. i like general mills much more than k. why? because ken pal who runs general mills has been a career serial returner of capital. he was in minneapolis. he is just ripping the cover off the ball. why don't we take another tweet? that is at the glaze brook who says vlo, that's vlo energy a buy here? thanks for all you do from the small-time -- the refiners are in freefall. no one wants them anymore because the margins are closing in very fast because we're beginning to be able to get that oil from the bachin and take it to where it's going to be exported. the margins aren't good. voluntarily aerodoes have a spinoff coming. that would be the one to buy if you need one. here's our last tweet. this is from russet

jcp confirming today what david faber reported on friday, that the retailer had lined up a $1.75 billion loan arranged by goldman sachs. jcp up about 1.2% right now. back to you. >> it's worth noting look at the chart here that much of the move based on the news happened friday. right after david reported that with just about one hour to go. in fact, i can now support accord tog a source, demand looks to be so strong that pricing could be as low as five. goldm goldman's phone is said to be ringing off the hook. there's strong belief that the deal puts the company in a much stronger financial position. certainly will help's the street's position. already notes coming out from analysts this is two to three years of breathing room. what's the bear case? does anyone have one still? because it was predicated on the fact they were going to run out of money. >> and a lot of the bets were being played in the ces market, so to your point, the ability to lower and get cheaper financing, i think that shifts from a ber argument to really a neutral argument. where the stock is right now, i wouldn't j

. >> i want to bring in, kyle bass was on cnbc just a little while ago with david faber. i want to listen to this sound bite. i want to get your reaction to it. >> sure. >> what they're trying to do is materially devalue the currency in order to become slightly more trade competitive while attempting to hold their rates in the marketplace flat. the economists and central bankers believe that they can leaf in that nirvana and i believe that that's not the case. i think they will end up losing control of rates. >> the context, paul, is this is the guy betting against japan. so put that in perspective. is he right? >> i've spoken to carl about this and i think he is right. remember the g7 six weeks ago met about this, at 8-- 93 to th yen, we're fine. what are they going to do about it? japan is trying to reflate something. the g7 can talk but i think we're at a point now where we're going see central banker s do their own thing. >> guys, assuming the currency moves that we talked about, this scenario that plays out, you play what? >> stay long financials. buyers on the dip.

time, a lot of the analysts felt that company was never going to lose its mojo, to quote my friend david fabernd and i saw it was not extending its presence in the market and wasn't upselling its current customer. it was also listening to the retailers instead of listening to the consumers. and the retailers are usually out of work consumers. these guys are going to tell you the last thing they think. but it's not their job. as a consumer who dictates the market. >> but you had a couple huge winners, underarmor, a company we like very much. how did you know under armor. i know you know apparel but that's a company a lot of people were worried about. >> i can't say that i know all these things because i'm smart. i was sucking wind on my companies, and i realized that footwear and accessories were where things were going to go. footwear is basically becoming consumable goods. you wear a pair of levis. they look better if you wear them for ten years. but footwear, you've got to get a new pair every three months. >> you know footwear, you're involved with a brand that i think is -- it's an iconic

david faber sat down with john malone who sits on expedia's board and asked about liberty's plans with>> there's an indication that the company would like to shrink their equity. i don't think barry is that hot for our control. i think it's more of an economic issue. if it can be done in a way that's tax efficient for both companies, yeah, sure. if barry wanted to do another deal like sharp, we would do that too. >> so you would consider going the other way? >> sure. >> is toundz more likely that -- >> i think it's really barry's call. >> barry's call. let's get the trader's call. dr. jay, what do you do with expedia? >> i like it. i like expedia. i love thoor looking for are cheaper ways to travel. you go over there. the airlines are full, and the hotel rooms are filling up, but at lower prices. priceline takes advantage of that through book and a number of other sites. >> joe. >> first of all, mike clearly won the debate we had on priceline. it continues to move hire. we did that a couple of months ago. i like trip advisor, though. like trip advisor here. reported earnings in may, i

hewlett-packard, david faber? >> yeah, maria, "the wall street journal" just having reported and we can confirm that ray lane, hewlett-packard's chairman is going to be stepping down from that role, as the company's executive chairman at this point. he will remain on the board of directors. stepping up into that role of chairman at hewlett-packard will be ralph whitworth, a current director, who has been on the board for about a year and a half. there's mr. whitworth. mr. lane, our viewers may well know, of course, had a pretty significant no vote at the recent annual meeting. he did get reelected as a director with only about 58% of the overall votes. he was taking a lot of eheat fo the autonomy acquisition, not to mention the appointment some time back, the short reign to have which was one that did not go particularly well for hewlett-packard's shareholders. and mr. lane under a lot of pressure. a number of the proxy firms that advise hewlett-packard to vote against a number of nominees, all of whom made it, bu

i'm david faber in for bill griffeth. coming up, it is the final hour of what's been t another very, very strong week for stocks. they've been in the green the first four days this week, but will we pull it out today and be positive on the dow? >> let's take a look at where we stand right here, with the dow jones industrial average down about 30 points on the session. banks in the news today, big earnings from jpmorgan and wells fargo, as you know, out this morning. we've got the wells fargo cfo here exclusively as well as fdic chairman shelia bair. she still says too big to fail may be over. she's here exclusively to talk to us about that. >> and we'll have more of my exclusive interview with liberty made boss john malone. he tells us how ben bernanke's media policies are helping him build an even bigger empire. >> the dow jones industrial average, down 30 points, 14,835. last trade there pulling back from an all-time record high reached yesterday. nasdaq was down 11 .75 points. and the nasdaq also down. the dow on pace

. >>> if you listened to david faber's fine reporting on this whole subject, you would not have thinks is very likely anyway. >> no way. it's a concept story. it's a story that makes a lot of sense because verizon and vodafone's domestic assets make sense. they're struggling. at&t would love vodafone's international assets. i own voda play as an emerging market cellular play. big game in india, turkey, southeast asia. take a look at vodafone, especially if it's in play. but on its own merits. because this deal is a very complicated deal that i think it would -- it would never get through in the way it's set up now. >> all right. let's move on here. technology extending its 2012 run as one of the worst performing sectors on the s&p 500 into 2013. but it is poised for a breakout. let's bring in eric sheridan, analyst at ubs. he initiated coverage of 14 tech stocks and likes google, aol and his only sell is on groupon. yahoo on this initiation of coverage touched a new 52-week high. thanks for being with us. >> thanks for having me. >> a lot of the reasons behind your positive rating on

the blackstone group to help seek financial partners and it looks as though based on news from david faberthey may have secured financing through goldman sachs. >> things are looking up, that's for sure. >> they really are. kate, stay with us. i want to bring in our next guest to talk more about this, darrell jones of hedge i risk management is cautious on jcpenney yet enthusiastic about george soros. thanks so much for joining us. obviously, george soros taking a big stake in this company sent the shares up. >> absolutely. i think a big part is probably chart covering. the reality is when a very savvy investor like soros or soros fund management comes in, that's a really positive sign. and if you look at jcpenney, the setup, in limited downside, a lot of earnings power going out to 2017. but you've got to get through the next couple of quarters and years. last quarter, same-store sales down 30% and that uses up a lot of cash. our perspective is you want to be nowhere on this one. you want to wait to see if fundamentals start to turn. but i think soros is thinking there's real estate prote

. >> have you seen faber this morning? >> david?n numerous stints. >> there are people cutting the price target on apple. i felt guilty running the penguins. i dusted it up and dug it out and i put courtesy david faber at the bottom. i don't know if we ever had ten. i think we had three or four to run them. they're all coming down with the price targets today. >> that's what was amazing. on the conference call cook was as confident as ever talking about the ideas that there were new products and no one believes this man. it's just a revolt and it's a painful revolt to listen to, because it is, without a doubt torture. >> we have courtesy david faber. >> i saw your new set. that looks awesome. >> brandon, and we had some unbelievable people working incredibly hard making that set look fantastic. >> two thumbs up. anyway. >> you've got everybody's name. like an academy award speech. money has to last longer. i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost a

i'm carl quintanilla with jim cramer, david faber. after three days of triple digit moves on the dow, futures finally appear to be taking somewhat of a breather as we are knee-deep in earnings. lot of big names reporting today. jobless claims inching up a few moments ago. europe has had a pretty good bond auction, both in france and in spain. today, although italy's parliament still struggling to elect a president in their first vote. our road map begins with all that market volatility. we were up, then down, then up. we'll look at whether another triple digit move on the dow today could play out. >>> apple dipped below $400 a share yesterday. closed above that. this morning verizon reporting strong activations for the iphone for the last quarter. will that help this stock that's been in free fall? >>> pepsi beating expectations this morning. jim has an interview with the ceo. >>> paypal under pressure this morning, facing increased competition from amazon and others. we'll break down numbers and talk exclusive to john donahoe, ebay's

i'm david faber with jim cramer at the new york stock exchange.quintanilla is in the chicago suburbs getting ready for his global exclusive with mcdonald's ceo. >> the intergalactic exclusive as we agreed earlier in the week. we are live at mcdonald's innovation center in suburban chicago, guys. with gdp this morning hard to think of a better morning to talk to the single biggest restaurant company. 34,000 restaurants around the globe. a company as global as it comes, serving 69 million people every single day. what does ceo don thompson see about global economy? the u.s., europe, china, commodity costs, new menu items. the stock which you well know has managed to ignore at least to now same-store sales comps that are getting lower and lower over time. we'll talk about all of that over the next hour. a big show coming up from suburban chicago here at mcdonald's. >> can't wait you to watch you making an egg mcmuffin. >> egg whites. >> when you go into a diner. i'd like an egg white omelet. i don't know if we can make that. how many will he be makin

carl quintanilla, jim kramer and david faber. 130 s&p earnings and two central banks including the fedbs number, you name it. futures reacting to personal spending for march which was better th better than expected. europe's up as well and it does form a coalition government with enrico letta, the new prime minister. our road map begins with a slew of reasons to hang on to your hat and not the least of which is your jobs report on friday. a lot more economic data is on tap, too. the ecb, earnings from heavy hitters in tech, autos and drugs. >> you heard it here first. we reported this on friday, jc penney this morning saying it has a commitment from goldman sachs to borrow $1.75 billion in the bond market. the executive jumble at j.p. morgan continues with the coo. >>, they're returning to passenger service. >> we have a barrage of economic data, the central banks in the spotlight and the thursday's the day for the ecb, will they cut rates? of course, the busy earnings calendar continues. facebook, pfizer, gm all set to report later in the week. we are going move from this macro to mic

thanks again. >> see you soon. >>> meantime, david faber is back here with more insight on sprint. w down fairly sharply. earlier in the session, dish made a $7 a share offer in cash at its own shares but to acquire sprint had not been down sparp sharply. that decline of almost 7%. and it has effected the overall value of the deal. this is an offer from dish led by charlie ergen, controlling shareholder. not at this point financed but does bring a number of important things to the table, including great deal of spectrum and the prospect of as much as $11 been in cost synergies and some people telling me they believe those are actually conservative estimates. that would be versus the soft bank deal that has already been approved of course by sprint and by shareholder of both of which are not far away and conceivably would close in the not too distant future. that is worth at this point you're going to get 55% of what you hold. you're going to get $7.30 a share from soft bank. $12 billion coming from them. overall -- own overall 70% of sprint and you will have that 30% of the company

i'm david faber with jim cramer at the new york stock exchange. getting ready for his global exclusive with mcdonald's ceo. >> the intergalactic exclusive as we agreed earlier in the week. a

carl quintanilla with jim kramer and david faber live at the new york stock exchange. own those numbers and another good one this month. futures coming off yesterday's all-time high from the s&p. pfizer, etna, starwood and a two-day fed meeting begins as well and markets are mixed in ro

david faber, we found him. 7:49. david will join us on the phone. he wasn't answering his phone. responding to e-mail. he was going to say he was making calls about the the deal. plus, city will be reporting. you still have time to play armchair analysts. vote now on our facebook page. we'll reveal the poll results after the numbers hit the wires. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes,

and david faber at 9:00. airbus breaking down on a new plan in alabama.he new plant, and the decision not to use those lithium ion batteries in its new a-350 jets. cal analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ ♪ ♪ ♪ ♪ the new blackberry z10. with time shift and blackberry balance. built to keep you moving. see it in action at blackberry.com/z10 >>> welcome back to >>> welcome back to "squawk box", everyone. our futures have been indicated higher through most of the morning. dow futures up 25 points. s&p futures up by just over four points. again, this comes after some really bad jobless numbers on friday. job g

carl quintanilla, jim kramer and david faber. 130 s&p earnings and two central banks including the fedtter th better than expected. europe's up as well and it does form a coalition government with enrico letta, the new prime minister. our road map begins with a slew of rea

i'm carl quintanilla with david faber and jim cramer live on the nyse.es not get bigger than mornings like this. boeing, at&t, procter, apple, of course, from last night and the futures are a little mixed here hugging the flat line and a miserable durable goods order since august and we'll see if we get a 3% gdp number on friday. in europe, second monthly decline in german business sentiment and there is a look at how the economy is doing this morning. our road map begins with disappointme disappointment. investor disappointment in apple. shares back below 400 despite the iconic tech company now becoming the single biggest dividend payer in the world with the largest buyback plan ever launched. add to that the first drop in profits in the decade. is the romance finally over? >> #rebound. the market's looking to open higher after shaking off a dramatic snap sell-off following the erroneous tweet yesterday. >> earnings from both topping estimates. >> and bird flu in china, aside, yum brands serving up a consensus quarter with reaffirmed guidance for the ye

i'm carl quintanilla with jim kramer and david faber live at the new york stock exchange. housing starts beat big, surp s surpassing a $1 million annual rate for the first time since 2008. consumer prices relatively tame up 1.5% year over year. gold after its largest intraday drop on record yesterday and as for europe that they had been the laggard around the world as we saw red arrows earlier in the morning and we'll see if they catch up some of our futures which are improving as the morning goes on. >> quite a session yesterday and people will be looking for some reversals. >> i think they'll take back the 2:45 to 4:00 hit. twitter had it first because the market did want initially react to boston until 3:15. the incident was obviously well before that, and i think you can roll that back because the sense is what's going to happen overnight and that makes sense that people will be worried and the tragedy was the tragedy. hopefully there will be no more and therefore you can take that back a couple of better earnings like a coca-cola, reassure people and it's still an unc

i'm carl quintanilla with jim cramer and david faber on the new york stock exchange. the futures stubbornly to the upside as europe comes back from holiday apparently not fazed from negative pmi in france, italy and spain and cyprus' finance minister also resigning this morning. our road map begins with apple down from four straight sessions and now drops from the conviction buy list. tim cook apologizing to the chinese for what critics are calling poor customer service. >> michael dell tries to get employees fired up about his proposed takeover of his namesake computermaker. >> insurance stocks getting a boost after the government says it will increase medicare payments instead of cutting them. is there more room on the upside? >> and the big banks launch a round of downgrades aimed at each other. goldman and morgan among those in the crosshairs. goldman removing the tech giant from the conviction buy though it does maintain the buy rating. they were at 6.60. apple's most recent product cycle has not driven market growth as they thought and they issued an apology to

i'm carl quintanilla with jim cramer and david faber.t gdp number trying to make a sense of which way to go. 158,000 that did miss. it was the lowest since october, and we'll talk more about that ina i moment and meantime europe giving back some of the gains from yesterday and mostly red arrows across the continent there this morning. the dow and the s&p coming off of those record closing highs and we are now six points from the s&p intraday record and will that set us further away from record territory. weighing on the s&p today is conagra. it is leaving investors hungry for more. the company falling short of expectations and we'll talk to jim and break down what it means for your investments. >> the king of pop, michael jackson. we'll explain why pimco's bill gross is taking a closer look at the man in the mirror. >> plus, capitalizing on the boom in natural gas. one ceo sounding off to jim cramer last night on "mad money" and we'll have the details. >> first up, we'll begin with the markets the morning after. both the s&p and the dow

. >>> good wednesday, i'm carl quintanilla, jim cramer, david faber. a lot of corporate earnings today. some of them okay. some of them not so okay upon. implied open looks to be down again even as we had the so far this week the worst day of the year and then the second best day of the year. the volatility continuing today. europe's got some issues, as well. a lot of rampant rumors about various downgrades and a german bond auction that resulted on a record low of a ten-year of 128. our road map begin with the marks looking like it's time to put your hands up and as we prep for the second decline in this roller coaster. it's up and down for two drills, cat getting a double dose of negative comments. >> bank of america dragging down the rest of that sector after it did miss us and it's the only consolation. profits were four times higher than a year ago on cost-cuts and fewer bad loans. >> there's intel beating by a penny last night and expects current revenue, and the decline in pc sales. >> the second consecutive quarters in a row. display ads leads

i'm carl quintanilla with david faber.im cramer is at the home of villanova, university in suburban philly as the "mad money" tour rolls into the key state. >> it's take your kids to work day? i got 1,300 kids that are joining me. not all necessarily related but great to have them. >> we cannot wait to walk through some of these numbers with you and hear a little bit more about the tour. futures this morning amid this barrage of earnings. a miss for 3m though. jobless claims falling more than expected. some of the european markets on track for yet another day of gains. five straight. but in spain the unemployment rate jumped to an all-time high of 27.2%. bank of santander reported a 26% drop in quarterly profits. it is the single busiest day in terms of the number of companies reporting. mixed results so far from 3m, conoco. >> the report of verizon making a $100 billion individual for verizon wireless, it may month quite right but we'll have a lot more insight on that developing situation giving my own reporting. >> amazo

carl quintanilla, jim cramer and david faber. alcoa kicks off earnings season with a beat.es have retraced all of the losses of last week which believe it or not, was the worst week of the year. europe and asia boosted by cool inflation data in china and the nikkei which has moved 1% or more for six sessions closed exactly flat. that is 0.00%. our road map begins with the shake-up over at penney. out with the old and in with the new kind of. ron johnson is out as ceo. ullman get it on track? >> it's looking like another black eye. bill ackman, and we'll break down what it means for him. he made a big bet on the retailer and his herbalife short. that's also been under fire. >> alcoa kicks off after the bell and jim will give us his take on what they said and lay out the broader market. we will start with penney. the struggling retailer announcing ron johnson stepping down as ceo after a year and a half on the job being replaced by myron ullman. ron johnson was on the show in january talking about his growth strategy. take a listen. >> if i had to do it over again i would do

jim cramer and david faber join us now from the nyse.ng again. we're not swooning, are we, guys? spring swooning? >> how can we be swooning if they sold more than 4,000 porsches ever? i think we're fine. >> maybe this is a winddown from sandy-related stuff. people are quick to -- if we are going swoon and sandy was just on saying the sequester will start biting and people preparing for obama care will start biting he kind of was implying and he said 2% for the year, vandy is. jim, would the market be too high based on that scenario? i mean, i could see why -- >> no. >> go ahead. >> the stocks that are running are exactly what it does best in the 2%. that's a general mills/kellogg market. that's why humana can have a second day. this is a bull market in some parts of the economy and it's a bear market in the companies that are levered to the gdp. no, we don't go down on that. we have to go down if the fed tightens and suddenly the 3% yield that you get from some of these companies isn't so hot. >> you have bubba on a hover craft. that's b

what we've given investors is we have push note if i kayings so say david faber bought a stock, we canw if the stock is trading lower than what he got. >> you have the average price to the extent you know it. you don't always know it. >> it's an average price. right. >> where would you like to be in five years' time? where will you take this approach? what would you like to do? >> we see the app can go multiplatform for everyone and people like to mimic what the investors are doing. we can have an index like having a partnership with banks is something that's important. >> to get this app this morning you had to submit your email address in the weeks prior and then you'd get an announcement this morning that you can download it. what type of demand are you seeing and what are you seeing on the premium site. my understanding is that's where the real information is. >> that's five bucks, by the way, for a year, not free. >> it has push notifications and a lot of more functionality. so we're actually happy with the demand. we're seeing a lot of people downloading and you can download it f

i'm carl quintanilla with jim cramer and david faber live at the nyse. the report came out with virtually nothing positive to say. europe, as well, selling off as we had a crazy session in asia overnight, too. the nikkei with its own story and we'll get to that in a moment and we will start with jobs in the states. the economy just adding 88,000 jobs in march and below consensus of 200,000. the unemployment rate did tick .1% lower to 7.6, guys, the result of a labor participation rate. the lowest since '79. what do you think? >> look, this is just bad, okay? i'm a silver lining playbook kind of guy, i don't have one. >> yes, you are. >> i'm trying to put myself where we were in our heads three, four weeks ago thinking, we heard about sequester. we heard that this was going to be a paralysis and the people were going to get laid off. that put the fear into a lot of employers. i do think that this is on washington, now you can say some of it's europe and some of it's china, and that's why i blame this number? >> do you think this is a sequester effect? seq

faber as well. he of course is constantly calling for a correction but still bullish on stocks. david trainor, new construct ceo, his last stock pick when he was here up more than 16% when he told you to buy it. he is back with more money plays. larry shover at the pits of the cme. you get first crack at a day like this, wow. >> a day like this with strong bond yields with sovereign bonds. we had good earnings, good enough earnings offset by global pmis confirming we're in a cool-down camp as a world. however the stock market looked beyond that, look at earnings, look at sovereign bond yields falling. good grief spain at 4.25% right now. that is good thing for europe. we're seeing a rally we're seeing behind us. it is disbelief, frustration. people are throwing in the towel as we speak. david: that dip again, we want to emphasize you see in hour by hour tick, that was because of that bad report, ap's account was hacked into and they, a bad twitter was sent out about a terror attack which was not true. so that is why you see that red mark down there. mark, let me go to you, there was a