that's a nod to david faber. thank you all for playing am i diversified?t a good, long short pairs trade like the hedge funds are talking about? a combination of something you want to sell short, a stock bet against something you should buy, another stock. how about selling the stock of procter & gamble. now that the company let ceo bob mcdonald go and replaced him with his predecessor, and then buying a similar package player to hedge the short out. this is all about execution. you are making a bet one company will perform better than the other regardless of the overall sector. that's the hedge. when it comes to execution, i was initially no fan of bob mcdonald when he came to the job. i thought even though mcdonald had a terrific reputation as a brand manager, particularly in china, he was failing to take the tough action needed to insure his company has a place in the global world. in fact, at the beginning of last year, i put mcdonald on the "mad money" wall of shame because of his failure to deliver growth and the open rebellion of the analyst calls,

i want to get to david faber, then we'll get back to you, nathan bacharach on this market. david's got the numbers that are just hitting the wires. >> we can tell you that sourt non-gaap diluted earnings per share at hewlett-packard were 87 cents. that's above from the pridown f, but above the guidance the company had provided. that's non-gaap, and above the number the analysts had out there. and perhaps a bit below what a number of the analysts had been anticipating, but the overall number itself in terms of earnings, above margins, a bit better in a couple of areas. and we've said so many times, and as ceo meg whitman points out again and again, hewlett-packard is in the midst of a years-long turnaround. has to be when you watch your topline still declining by 10%. bright spots in the quarter, printing continues to be a bright spot. we saw it last quarter with those surprisingly strong earnings, at least based on what the market was expecting at that time. and that follows through again with decent quarter fm up 2.6 ps to 15.8. you see it right there. also a positive perha

if you and i wanted to do a start-up david, let's call it the david faber cramer airline.e can't compete. you go to dallas, you go to houston and you go to chicago, get used to paying to walk down the plank. you are paying now to be able to get in line. >> like the idea you put my name first on the airline. >> it is charging you now to call and complain. the 800 number is now a number that you will pay to call. >> i'm going to new orleans. i'm done with flying first class. and no food in first class anymore. i paid for a drink the other day! >> just like you do at a restaurant? >> isn't that funny? >> no, twice. maybe at a danny meyer restaurant. i can't believe it. plus, it was bad scotch, david. it was like -- >> i'm sorry. our airline will be much better. much better. >> it will. >> the market's hitting record territory after the record high this week. how should you set yourself up for today? cramer's mad dash is coming up next. futures are showing softness here as is europe. a lot more "squawk on the street" from the nyse in just a moment. [ male announcer ] here's a

we'll hear from david faber shortly. markets looking to bounce back today from yesterday's 106-point drop in the dow. futures holding on to gains despite a slight downward revision to first quarter gdp. european markets also repounding after having tuesday's gains erased in yesterday's session. overnight in asia a stronger yen helped spark another big sell-off in the nikkei. down more than 5% and into correction territory after hitting a 5 1/2-year high just last week. our road map today starts with the markets. as we mentioned -- dish network boosting its bid in the battle for clearwire. david faber is be along with much more in a few moments. >>> warren buffett's berkshire hathaway buy iing an energy company. we begin with the markets as we said, futures on the rise, jim. everybody's trying to get a handle on what happened in japan overnight. what it may mean to what happened -- to what happens here today. in the environment of rising rates and everybody paying attention to what the 10-year's doing. >> i think japan, c

i'm carl quintanilla with david faber. jim cramer at the nyse. only the ninth time in half a century that the nikkei has fallen that much in a single day. reacting to china's pmi which shrank to a seven-month low. european markets moving lower in unison and our own futures are down but the dow will be helped this morning by of course hewlett-packard, the stock is up 11% pre-market on better than expected earnings and upbeat guidance. speak fing of which, david has exclusive interview with the ceo, meg whitman. >>> yesterday's capitol hill testimony by bernanke an the fed minutes combined to spark concerns the central bank might begin to scale back its bond buying program later this year. china pmi falling in may to 49.6 from 50.4 in april. the number below 50 marking contraction for the first time in seven months. how much damage is being done today, jim? what does this open look like to you? >> when you get up in the morning and you see down 7% for japan. japan was up 1.5% before that chinese news came out. i think we come back once again. i kno

we had david faber there with me.that goes between, all these various different profections. they all have a common theme for the best execution across the board. john gets a loss of press for the obviously disastrous bet on the gold fund that he has. but he doesn't get that much s onbeen a successful credit recover recovery fund. i want to bring it up for a reason. is that fund is up significantly this year. also made a very major investment in mgm at the same time. now why do i bring up mgm? you'll remember from this conference, i had a great interview on "squawk on the street" at this time, with the ceo of mgm, who i got to spend time with yesterday. and here's a very interesting story. we talk about mgm as an example of a company that was benefitting from qe. if you recall they took out significant, significant costs in capital structure. 5 billion in debt refinanced with lower interest rates. they created a huge win for the bondholders and now is the time for the equity holders to be rewarded. let me give you a s

i'm carl quintanilla with jim kramer and david faber at the new york stock exchange. futures are fighting a bit of an uphill battle thanks to a miss on personal income and spending. the data out of europe not so hot either, and germany retail sales are amiss and a record 12.2% and the nikkei did manage to close higher after thursday's 5% sell-off. our road map begins with the market. whos to sell in may and go away. dow is down 3% and we'll brake down all of the news affecting the portfolio going into june. >> the dell special committee has spoken a yet, and the ceo michael dell is the computer maker's best bet, but the battle is still far from over. >> plus, we have an interview with tesla's ceo elon musk. jim cramer may not drive much, but he got behind the while of a model s last night and we'll tell you what he thought of the ride coming up. i think the review is generally pretty good. >> wow! what a car. >> first up, final trading day in may. the dow posting its sixth consecutive monthly gain and heading into today's session, the dow is up 3.3% for may. s&p is up

welcome to a busy morning on "squawk on the street," i'm carl quintanilla with jim kramer and david faber. we have a hearing at the house oversight and bernanke in front of the joint economic committee this morning and all of that is coming up in the next hour or so. futures are mildly positive here, up 24 points on the dow after another unbelievable day in japan. as for europe, continue to watch the headlines there and the markets which are mostly in the red. bernanke testifying on the state of our economy starting in just under an hour. will he be as optimistic as the members of the bank of japan which is keeping policy unchanged and push the nikkei to a five and a half year high. >> reporting a chelly spring is causing seasonal sales to cool. >> toll brothers beats estimates on an increase in orders and lowe's falls short on profits and revenue. >> shortening the amount of time it will keep factories lower citing a pickup in demand. >> the fed chairman will testify on the economic outlook before the joint economic committee. wall street watching to see what bernanke will say about wind

david faber has learned that they have hired morgan stanley to review the deal.s ceo has said it's too early to decide what the board would decide, but he did tell us what a break i couldn't tell would mean to sony as a whole. >> if you look at the value of the entertainment properties for sony, it's been a great contributor to the bottom line of the group numbers for us. and wsh you know, we definitely want to make sure that we are able to continue a very successful business in the entertainment space and that, to me, is first and foremost the most important priority and that we continue to be able to work with the entertainment properties so that they can provide a lot of great content to really support our electronics business and that's a combination that other electronics manufacturers do not have. >> we were just looking at the numbers there. for the baft decade, electronics has lost an aggregate of $8.5 million. that's become such a commoditized business. is it so broken that you can't turn it around? why not let that go and go with where the strength are

packard, by the way, meg whitman tomorrow morning on "squawk on the street" with us, my friend david faber got it. i think corning can stall, let it come under 15 and buy something, not here. ron in south carolina. ron. >> hey, mr. cramer. how are you doing? >> real good, ron. >> caller: i like to comment, i was glad to see you and that big glass of water agree agree on building stocks this morning. tuesday i was a little worried about you two, but i am glad to see you agree. >> i think that's my friend kelly evans. >> caller: see, everybody knows who you are talking about, right? >> she's fabulous. whatever. go ahead. >> caller: i have to agree. i watched you in hong kong. anyway, my stock is at&t. it's slowly bleeding me. >> i think at&t can go to 35. i think that a lot of the bond market equivalent stocks are going down. i didn't like the quarter that much. a yield would be okay. 34 would be like a -- buy, buy, buy. now, joe in michigan. joe. >> caller: hey, jim, i want to wish you a big 2013 bucknell graduate boo-yah. >> boo-yah right back with you, my friend the professor does a great

let's take a listen as i know my partner david faber will. we are both fascinated by this one. wednesday, more retailers. yeah. more worries, target and lowe's let us know how they're doing. perhaps target has been able to stand taller than walmart, and perhaps kohl's, and therefore the stock ran, but i don't want to bet on it unless it comes ahead from the quarter and many the retailer from thursday can come down and that's the same with lowe's if home depot comes down. if home depot has a single fly on it, i think some people will say lowe's is infested. we have two other bellwethers, two that i would like to see what happened because i don't know. hewlett-packard and toll brothers -- excuse me. hewlett-packard rallied 50%. 50% mostly because it was down 44% last year and also because many people are thinking that ceo meg whitman can turn the once proud company around. look, i hope that's the case. there are hundreds of thousands of people that work there. i wish them well, but dell's numbers last night that confirms the computer business is in the midst of a huge downturn, i

let's take a listen as i know my partner david faber will. we are both fascinated by this one. wednesday, more retailers. yeah. more worries, target and lowe's let us know how they're doing. perhaps target has been able to stand taller than walmart, and perhaps kohl's, and therefore the stock ran, but i don't want to bet on it unless it comes ahead from the quarter and many the retailer from thursday can come down and that's the same with lowe's if home depot comes down. if home depot has a single fly on it, i think some people will say lowe's is infested. we have two other bellwethers, two that i would like to see what happened because i don't know. hewlett-packard and toll brothers -- excuse me. hewlett-packard rallied 50%. 50% mostly because it was down 44% last year and also because many people are thinking that ceo meg whitman can turn the once proud company around. look, i hope that's the case. there are hundreds of thousands of people that work there. i wish them well, but dell's numbers last night that confirms the computer business is in the midst of a huge downturn, i

let's take a listen as i know my partner david faber will. we are fast netted to this one.nesday, more retailers. yeah. more worries. target and lowe's let us know how they're doingment programs target has been able to stand taller than walmart. perhaps it can be like coles kohl's, the stock ran. i don't want to bet on it unless the stock comes down ahead of the quarter. maybe the retailers on tuesday are weak, these stocks come down, then we can rethink. that's the same with lowe's if home depot comes down f. nay have even a single fly on it. i think some will say lowe's is infested. we got two other bellwhether industry two i'd like to see what happens, i don't know.ç hewlett packard and toll brothers, hewlett packard rallied 50%, most of it was down 44% last year. also because many people are thinking the ceo can turn the once proud company around. look, i hope that's the case. there's hundreds of thousands of people that work there. i wish them well. after seeing dell's numbers last night, which confirm they are in the midst of a huge downturn if not a total tailspin,

david faber now with the very latest details on that angle. o you, david. >> thanks very much, maria. no big surprise here. when you get an activist in your shares, the first reaction of many large companies is to go out and hire some investment banks. it does not mean that sony is planning to embark on some of the plans that mr. loeb has described in his letter to the company. that said, citi and morgan stanley, while they won't confirm it, have been hired. but they're going to be advising the board. and don't forget, this board is going to change significantly in complexion as of june the 20th. when you get three new members and four people stepping off, what i believe is a 13-member board. only then, in fact, will they even begin to review mr. loeb's suggestions about a subsidiary ipo of the entertainment business. and that does not mean, by any means, that it actually is going to be something that will be embraced by that board of directors. in fact, at this point, at least, from what i hear, the idea of a subsidiary ipo of the entertainmen

tomorrow, by the way, guys a cnbc exclusive, ceo meg whitman herself is going to be joining c cnbc's david faber and more. that's going to be on at 9:05 a.m. eastern exactly. >>> coming up we're going to read between the lines to find out where the stocks are headed neck. a top rated is on the way and bond buyers beware. the signs of the market might be topping. the commodities king is going to tell you how to protect yourself. we're back after this. ♪ here we are, me and you ♪ ♪ on the road ♪ ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ ♪ oh, oh, all the way ♪ ♪ oh, oh ♪ >>> well the market's initially popping on ben bernanke's comments today but all members said seattle purchases could be tapering off as early as next month. let's head straight to the charts. actually, jeff you brought along a couple of really interesting things. the first one we want to look at here is essentially the global stock mar

i was listening to carl bass talk to david faber an hour ago on cnbc and he talked about macro tourists being in japan. my view is that the global economic system is built on this foundation of paper money. it's nothing more than a string of dead promises that can't be repaid in constant dollars. none of this surprises me what's happening in the market. i think the market is beginning -- was disconnecting basically from fundamentals if you draw a line from the high of s&p in late 2,000, take the s&p share price against the s&p if the dollar cash flow and you will see it how stretched out it became. i underestimated the impact that global monitoring easing would have and that there are a few alternatives to equities. >> i'm looking at a note of yours from may 20th where you say just that, that you've rarely been as mistaken as i have been thus far in 2013. >> what's happening now is that something the guys have not been discussing at all and i'm at odds with the guy at ubs who said the domestic economy is improving. it definitely is not. i think we're moving towards an a-ha moment in the

can you imagine how much crow all these twitterites are eating after our own david faber explained that its disney deal meant that netflix was here to stay. i'm not wondering whether google or newly invigorated yahoo! should join for 20% of the float is bizarrely being shorted. go figure. all that i know is that the hoopla for "arrested development" will be so loud the shorts better hope it doesn't land on memorial day weekend, because if it does, more people will stay home to catch up on seasons, one, two and three, and watch season four of this cult cherished classic. maybe the big potential requires getting scared of the rally. at this time they should be scared of the competition netflix could offer as the stock goes higher and they could do a lot. here's the bottom line. five themes and a couple new ways to play them. housing, okay, i want you to put in for william lion. tomorrow night. oil, get in some high-needing ens co. airlines, stick with usairways. biotech, take down some quinn tiles. and cloud mobile theme. stick with netflix. themes that work, come rain or shine, even for

. >> i was saying to my friend david faber this morning, how would you like a hawaiian punch.the ad from 50 years ago. a lot of these brands are well-known, but not thought of as dr. pepper. does that matter? like, this weapons -- wait a second. i always say, do i want to buy the canada dry or the scwepp's? it's all you. >> it's number one, number two in its category. people don't realize we're number one in gourmet beverages, we have all of the battled beverages. we're number one in mixers with mr. and mrs. t's. so we have a portfolio that gives us a lot to play in. >> we talk about slotting fees on these conference calls. you've got two of the most vicious competitors in the world, coca-cola and pepsico. i think the average guy at home wants to say those are great but you cannot compete against those two great companies. >> you know, those two competitors are fantastic. but i think that because of their strength, it makes us even better. >> why? >> when we went public five years ago, we could not have gone public at a worse time. >> no. horrendous. right. >> we looked and sa

david faber broke the news a couple weeks ago about them getting a loan.came out more than expect, $2.25 billion. this is a company that could use the credit. market loved the news. jcpenney one of the better performing stocks so far on the week. jcpenney also known because it fired the old ceo, brought in the old ceo, who is older, but now the new ceo again. mike ullman was out, now he's back in, which leads us to procter & gamble, because you know the name, alan lafley, who was the ceo, retired. he's now coming back to the company, which is interesting, because the stock has actually done pretty well over the last six months or so. still, what is old is new again. and that actually is a perfect segue to our next segment. funny how tv works that way sometimes. >> we work that out sometimes, don't we? we've got jackie deangelis sitting here and she has more on the big shake up at procter & gamble. >> as brian said, ag lafley really a legend in this industry, not just at procter & gamble, but at corporate america. harvard business school, waysing case studi

i'm carl quintanilla with jim kramer and david faber at the new york stock exchange.ta out of europe not so hot either, and germany retail sales are amiss and a record 12.2% and the nikkei did manage to close higher after thursday's 5% sell-off. our road map begins with the market. whos to sell in may and go away.

i'm carl quintanilla, jim kramer and david faber. d 10er which you heard on squawk earlier this morning as the dow now gunning for its 18th positive tuesday in a row. meanwhile, take a europe, the continent is mixed here today. you have some right action in spain. germany is in the green. our road map begins with the hedge fund manager, david 10er in no uncertain terms brushing off those worries about the fed. >> another outspoken hedge fund manager dan loeb calling for the breakup of the technology and entertainment conglomerate. >> sony citing some slowing sales. >> and the blackberry live developer's conference kicking off at this hour as rumors of a cheaper device or new mobile platform abound? we'll begin with those comments from david teper who earlier on squawk box said he's bullish on the market and there's $4 million worried for a place to go. >> if there is a true taper, there better be a true taper unless you may be in the last half of '99. so guys that are short they better get a shovel to get themselves out of the grave.

david faber, back to you. >> all right. thank you very much, mr.ave a lot more on the irs scandal that's been rocking washington and of course taxpayers. what's next for the irs? and the obama administration. >>> plus, we'll hear from d.c.'s tax man, senator max baucus an representative david camp. with the new staples rewards program you get 5% back, on everything. everything. everything. everything. everything. everything. everything? [ all ] everything? yup! with the new staples rewards program you get 5% back on everything. everything? everything. [ male announcer ] the new staples rewards program. get free shipping and 5% back on everything yousiness needs. that was easy. score planner tool with these cool sliders. this one lets us know what happens if someone checks our credit. oh. this one lets us know what happens if we pay off our loans. yeah. what's this one do? i dunno. ♪every rose has it's thorn ♪just like every night has it's dawn♪ score planner is free to everyone. free score applies with enrollment in freecreditscore.com bret michael

remember, our own david faber broke the news that dell was moving up the timing of that earnings releasernings of 20 cents, excluding some expenses, on revenue of about $14 billion. and jcpenney also expected to report. street is going to be looking for a loss of 89 cents on revenue of $2.7 billion, which would represent a year-over-year decline of 13%, first earnings report since mike ullman returned as ceo. kelly, back to you. >> josh, thank you for that. >>> we want to turn to a crime and punishment story out of lower manhattan today. new york attorney general and the nypd announcing a takedown of an alleged massive cigarette trafficking enterprise. they say they're concerned it could be linked to terrorist financing. cnbc's andrea day is live in new york with more. andrea? >> reporter: yeah, kelly. this is something that could have funneled millions of dollars into terrorism over the years. in fact, that's what investigators are checking into right now to confirm all those links. but they just said to us that this involves a group of palestinians, about 16 of them, who essentially wo

. >> next up a roller coaster ride for fannie mae today after our own david faber reported that bruce berkowitz's fair home has taken half a billion-dollar stake in fannie and freddie preferred shares. that had the common stock moving. mike kuo, what do you say on this one? >> yeah, i think people should really be very cautious here. what's going on on in the preferreds, obviously the common is the subordinate to the preferreds, doesn't necessarily mean they're going to be endielted to any of the profits which really are going to the u.s. treasury who's the beneficial owner of this name. remember this thing has an enormous multitrillion-dollar balance sheet. so even as volatile as this has been on a valuation basis that's still relatively small. this is not a way to invest in the housing recovery at all. it's a political trade and i would avoid it. >> and last up here, smithfield foods surging on word that the company has agreed to be sold to a chinese meat processing company. for nearly $5 billion to our meat space trading expert. b.k., what do you say here? >> we're talking heinz, w

and according to what meg whitman told cnbc's david faber today, more good times could be ahead for the company. listen to this. >> we are growing businesses that power the new style of i.t. we've got declining businesses that powered the old style of i.t. so we're in that knot hole that one has to get through. but i feel good about the growth prospects for 2014. >> so is hewlett-packard still a buy? let's start talking numbers on h hp. we have rich roth and on the fundamental story, zach carabell. rich, how does hp work here? >> i feel good about the prospects for the chart of hp. i think there's significant upside here. and when we bring up this weekly chart, you'll see exactly what i mean. this stock has been in a protracted down trend for almost three years now. but earlier this year, we break above that well-defined down trend and we take out the 50-week moving average for the first time in over two years in one fell swoop. but what i really like about this chart is that texasbook head and shoulders bottom. that's a classic reversal pattern that's been forming for the last few mont

i'm carl quintanilla with jim cramer and david faber at the nyse. it's supported by decent macro data. we have good car sales in europe, german factory orders pretty clean over there. nikkei did get to work after the holiday and catching up from friday, back above 14,000 for the first time since 2008. that is a 3.5% gain. our road map begins with microsoft this morning in the midst of what many are calling its new coke moment retooling the harshly criticized windows 8. we'll find out what that means for the operating system and for its biggest backer and that would be steve ballmer. >>> google shares sitting at an all-time high and could it knock it from its pedestal? >> likely to face a much tougher battle in the house. we'll handicap its chances. >> and the big banks are some of the biggest gainers certainly yesterday as the markets continue to push higher. we'll round up all of those moves. >> we'll start with microsoft, the company preparing to retool the windows 8 and for the slump in pc sales. given the code name blue will not be released to c

i'm david faber with jim cramer live from the new york stock exchange. carl quintanilla is on assignment. after another record-setting day for the dow we are seeing a decline as you see it there and a significant one in futures across the board. let's take a look at europe. you'll see the same picture there. that's a painful day in europe, which as you know if you've been listening to jim kraemer has bottomed and is, in fact, turning. you're talking about the economy and there is a look at the markets which is bottoming. >> let's get our road map started, in fact, and it starts with what else? the markets. after a record-setting tuesday things are shaping up for a volatile down wednesday and that could push it down to square one for the week. in the largest-ever chinese acquisition of a chinese acquisition shumway international can take it private for $5 million. the company has several more game changers in the works hinting that wearables are ripe for exploration. kors higher in the pre-market after quarterly results beat estimates and same-store sales

i'm carl quintanilla with jim kramer and david faber. that's a surprisingly good jobs number. we do have one last push of earnings this week. one dow component, 46 s&p companies and europe is the topic of much discussion if you heard warren buff oat squawk earlier this morning. speaking of which, with the oracle of omaha, sticking with stocks over bonds as the markets revolve around these new highs, but buffett says the records we pass on the way down may be more important than those on the way up. more of his insightses in a moment. >>> microsoft stock in particular doing twice as well as the s&p so far this year. bill gates explains why now may be the embattled tech giant's time to shine. >>> buffett weighing in on j.p. morgan and the battle of its board. in the wake of the firm's trading debacles. >> from an oracle to "the iron man" disney's installment of the franchise blows box office ridiculouses with the biggest debut of all time. >> thor ak elg of omaha believes it will go higher. people should pay more attention when indexes cross milestones on the way down because th

david faber has an exclusive interview with meg whitman from hp quarterbacks at "squawk on the streetrn. ross, you won't want to miss it. >> we certainly won't. thanks for that, seema. now we're going to talk about start-up quill, auto uk company that just got ads 1 million investment to continue the global roll out of its platform. joining us is the founder and ceo of quill, a uk tech company which is good it's going global. you help frame products and services. >> yes. traditionally, internet retail business throws up a lot of products on their website and there's been no story around those products to help frame the sale for the consumer. so i think the internet and technology providing huge choice, but what they now need to do is help create that choice so the consumers can make informed decisions whether they're buying loans or shoes or swim wear. >> and you haven't seen the writers in the cloud who helped to put that concept together? >> we're introducing a worldwide flat platform of writers. we have over a thousand writers in our debate and the cloud sits around a proprietary t

i'm carl quintanilla, jim kramer and david faber. e

>> good morning, welcome to "squawk on the street," carl quintanilla, jim kraemer and david faber at

we'll hear from david faber shortly.tures holding on to gains despite a slight downward revision to first quarter gdp. european markets also repounding after having tuesd g

i'm david faber with jaime cramer an brian sullivan live from the new york stock exchange.e dow and s&p hit new record highs. let's look at housing starts. they were down 16.5% although building permits jumped to levels we haven't seen in almost five years. let's

i'm carl quintanilla and david faber live at the new york stock exchange.p up 17 in the past 21 sessions, of course, almost half of the s&p hit new all-time highs or new

. >> let's send it to david faber on the floor. >> thanks very much. we're joined by dan.times, you're in silicon valley and we'll get you to new york. you're actually not far away. let's talk about a number of things. d dan is ceo of t-- and from the valley where zuckerberg and s d sandburg came together. let's talk about haves from the have-nots in the valley. >> you have companies more focused on the desktop, in tell, microsoft and then companies leveraging mobility, particularly in the internet space. facebo facebooks earnings up. dollars on mobility up. dollar per user up. you also see yelp up. companies really focused on being on multiple devices being agnostic and other companies looking through the rear view mirror. >> do you think it will become more pronounced in quarters to come? >> i think it will be extremely pronounced in the next couple of years. the pc is not part of the current gwenrationeneration's v. they don't think about it. they use notebooks for college but live their life on smaller screens and aren't tethered down to anything and increased usage pr

i'm carl quintanilla, jim cramer and david faber. 165 non-farm jobs being added.f europe reacts to this, as well. some of those vi

i'm david faber with jim cramer. >> we'll begin with a tragedy in oklahoma where a massive tornado haso deliver a statement an hour from now. jane moore is in oklahoma and she has more on the recovery

i'm carl quintanilla with jim cramer and david faber at the nyse.erman factory orders pretty clean over there. nikkei did get to work after the holiday and catching up from friday, back above 14,000 for the first time since

i'm carl quintanilla withel kelly evans and david faber. jim cramer is off today.m. in the meantime the bulls snapped four straight weeks of gains and up 132 on clearer signals of policy support both in japan and in europe.

i'm carl quintanilla with david faber. jim cramer at the nyse.len that much in a single day. reacting to china's pmi which shrank to a seven-month low. european markets moving lower in unison and our own futures are down but the dow will be helped this morning by of course hewlett-packard, the stock is up

i'm carl quintanilla with jim kramer and david faber. that's a surprisingly good jobs number.w component, 46 s&p companies and europe is the topic of much discussion if you

david faber, is it time to get out the sony carving knife or what?stay in japan. 92 basis points on that jgb was interesting. do they lose control? keep watching that space with rick santelli. the smoke has cleared on the big news yesterday on sony involving dan loeb with a 6.3% position in the company. it's the largest shareholder now and a big move up in the stock price. it's interesting. the early headlines, of course, weren't completely rid. he's not calling for a break-up of this company, what he is calling, of course, is creating value through a spin-off of a portion of sony entertainment. its large entertainment asset focused in the u.s. i thought it might be worthwhile to take a look at a few different things and consider it in the overall context of an activist effort because loeb known for all of those nasty letters from years ago has not done that many activist campaigns in the last five years or gone to proxy fightsal all. yahoo! , i think there was one other in the last five years and this one may never get to that point, either. in fact

i'm carl quintanilla, david faber at the new york stock exchange. adp did disappoint, ism hits in about an hour. of course, the fed decision later on today. futures are off of their highs. in europe, most of the markets are closed for the may day holiday. the ftse is rising out of manufacturing data out of the uk. our road map begins with the job market. the report missed expectations and is that a bad sign for friday's number from the labor department. we have the media world out this morning. comcast, time warner and via com. we'll break down the numbers for you. >> the new safe haven and investors piling into the $17 billion debt offering. apple is sitting on a lot of cash, but is that a guarantee the company will even be around in 30 years? pharma troubles. merck sales coming up short after pfizer's disappointing announcement yesterday. >> we'll begin with the markets which exited april like a bull. the s&p 500 at a new all-time high. $1587 and the nasdaq closing up six consecutive months and the dow posting a fifth straight monthly gain and as

i'm carl quintanilla, jim cramer and david faber. 165 non-farm jobs being added. the revision are a completely new story, as well, which we'll talk about. implied triple-digit move up 110 and we'll see if europe reacts to this, as well. some of those revisions, you're talking based on how you account for census hiring. in some cases, some of the single best month we've seen from 2005 and we will begin with sending futures higher. the s&p on track to surpass 1600 for the first time. non-parm payroll, 165,000 private sector jobs and that rate to 7.5, and that is the lowest in four years. a lot of discussions weave had about these revisions and whether this month is clean or whether that matters because the revisions were so good. >> i'm looking at the claims numbers and the claims numbers in the last four weeks as you just tweeted showed you that yes, you should have taken the over that the claims were down. the claims in the previous month were terrible. so i do have to suspect that this has just become an unreliable figure versus what we know in the consumer relat

i'm carl quintanilla with simon hobbs and david faber.er the s&p did break a streak of five record-setting days on thursday. europe and japan, as you heard becky saying, big stories today as dollar yen breaks through the hundred mark for the first time in four years. our road map begins with the treasury secretary jack lew in a cnbc exclusive saying we're not going to hit the ceiling until labor day. >> countdown to bernanke. the the fed chairman ben bernanke will be speak live on the economy. >> activist investor carl icahn launching a takeover offer for dell and he'll be on "fast money" today. we're going to travel through the numbers. but anxiety over the debt limit in a cnbc exclusive this morning. steve liesman conducted that interview and is live from london with more. steve, good morning. >> good morning, carl. secretary lew telling me that we would hit the statutory debt limbity in days, but don't panic, because what really matters is the effective debt limit which is when the treasury actually can no longer borrow and secretary l

i'm david faber with jim cramer. >> we'll begin with a tragedy in oklahoma where a massive tornado hasulted in many, many deaths. president obama has declared a major disaster in the state and is set to deliver a statement an hour from now. jane moore is in oklahoma and she has more on the recovery efforts surrounding this disaster. >> reporter: hi, david. we're getting a better look at how some of the damage is here. we have been coming into slowly into some of the neighborhoods here. you can see some of that behind me. the death toll still officially at -- >> all right. i believe we've lost jane's odd why. you saw some of the devastation there right behind her. there will be a press conference from oklahoma and the president will also be speaking to the nation from the white house at 10:00 a.m. if you want to help, by the way, there is some information we can give you from the red cross. you can text red cross to 90999 to give their 10 to disaster relief. you can also call 1-800-red-cross. >> as we said at the top of the show, carl quintanilla is over at the market, and he has a lot

i'm carl quintanilla, david faber at the new york stock exchange.ay. futures are off of their highs. in europe, most of the markets are closed for the may day holiday. the ftse is rising out of manufacturing data out of the

>> good morning, welcome to "squawk on the street," carl quintanilla, jim kraemer and david faber ate. retail sales kicking off the week with a beat. holding back from criticizing japan's monetary policy. chinaa industrial production also rebounding from last month's seven-month low. >> our road map begins with markets with an unexpected rise in retail sales and a three-week winning streak behind it. >> breach of trust. bloomberg news editor in chief saying the financial news services holding itself responsible after the terminal usage data. >>> jamie dimon signaling if the roles are split he might do the same and leave the bank. >>> michael kores, morgan stanley to the best ideas list. >> the third con skut of week of gains and the dow finishing friday with an all-time closing high, 15,118. and the s&p at 1633. meantime, the first key economic report of the week is out. retail sales for april up unexpectedly by .1 as demand for items like cars offset the largest decline in gasoline sales since december of '08. we knew gas would take a bite out of this and it didn't seem too hurt too