>> i said the same thing to my friend david faber, but i disagree.nk now is the time to do some buying because they're cleaning up the company. i have said that breakup value is -- i want to own johnson controls but i need to go to bill in kentucky. >> caller: boo-yah, jim, from the home of the corvette. >> oh. i didn't know that. okay. >> caller: bowling green, kentucky. >> bowling green, man, we have a guy named row bert. he's from bowling green. >> caller: a few weeks ago, you had a terrific program about the possible breakup of occidental petroleum. i'm calling to see what the story is up and whether or not that's progressing? >> well, look, the literature said it was 100% chance it could happen. this is a big action alert.com, i think it's worth 120 on a breakup. i would not sell the stock. it acts like a dog right through, but i have to tell you just as soon as you're -- just because you're from bowling green, bowling green, ohio or kentucky, i think you'll be in the green if you own occidental. when a relationship isn't working you have to spl

let's go to david faber for the latest at the stock exchange. david?rter: thanks very much, simon. a deal we've been following very closely as time gets tight for carl icahn and southeastern as ed management to shore up the structure and financing of their recapitalization plan for dell. sources close to the situation tell me the chances that icahn will bow out of his pursuit of the recap have grown considerably. while icahn is not talking, bankers and bond investors who have negotiated with him to line up what's now about $5.2 billion in financing tell me the prospect of a need for another $2 billion worth of equity for a recap is giving icahn pause as he reviews the horrendous operating numbers that dell has recently reported. it is those numbers when coupled with the need for more debt and equity to address a so-called liquidity gap in funding a $12 special dividend that may tip icahn to bow out. he's teaming with southeastern asset management may add a layer of complexity to that decision. a spokesperson for southeastern had no comment. >>> whateve

this is one -- i call this the david famer play because i'm listening to an interview that david faberng with meg whitman and i hear balance sheet fix, starting to innovate again and i think, okay, there's two people going crazy to load up dell with debt, michael dell and carl icahn, so why do i want to -- the one place i want to be is meg whitman going up against a hobbled, not unlike "misery," james caan and stephen king, when you think about the new dell, and she going to be able to come in and eviscerate them or everybody is going to rip out their dell for hewlett-packard. she has a great balance sheet. >> a stock that's topical and timely today, oracle, like it, hate it, love it, loathe it? >> i like to own certain things i've screwed up. my charitable trust owned this and it blew out y.? because i have no conviction whatsoever that they know what they are doing and i believe others have superior product to them. i think they become the company that couldn't shoot straight in tech. they are this year's hack ard, okay? i think they can go down substantially from here. an announceme

s&p 500 is off 3.5 points, and over to the new york stock exchange, and david faber, david faber is hereknow if i have the ability to do that, andrew, but yeah, mr. cramer is otherwise engaged this morning. and so you have got me. what do you want to talk about? anything? >> well shgs s, it is my issue morning and maybe yours, but eamon javers broke the story yesterday on the front page"wal and how do you feel about the issue of getting and allowing certain investors with a pay of fee to get more information than the others first? >> how do i feel about it? hasn't this practice been go g ing on -- i have heard as much as 20 years this is the case, andrew. you heard otherwise? >> well w i don't understand what the big whoop is as they say. >> well, why now? my understanding is in speaking to the traders who have availed themselves of the information or chosen not to, this is a standard practice for a long time. >> and david, can't comcast subscribers who have cnbc pay for that, don't they have access to your reports during the day? >> i don't -- i think that -- i don't know. i don't know.

. >> our own david faber.royalty pharma which is basically a hedge fund, if you will, based on the cayman islands that buys royalty streams and also wants to buy elon and you have elon out there who wants to become a company very similar to royalty pharma buy buying royalty streams and doing deals of that nature after it sold what it owned of it's key drug to biogen and took in a quarter of a million dollars. roime royalty pharma went to $13 a share and it was $2.50 a share is and it had a potential right. and that would be based on the royalty stream that would come in from tysabri over time and world wide tysabri sales that were achieved. this has become an interesting battle because elan is an irish company with the great irish tax rate or the non-existent irish tax rate. it will have to take a vote on the 17th on all of those deals and right now it does look like they'll have a very hard time getting the approval of their shareholders even with a record day of may 23rd to axe prove those deals and then you

our own david faber, sorry to bother you, but so many that look like that.nly other ones -- >> damage. damage has been done. >> and those are not going to go back. they are not going back to where they were. that is done. >> and we are probably not going back to 1.6 on the 10-year. >> no, we are not going back to 1.6. >> and you say, i should have been in equities and you want out in risk assets. >> for everybody who wants to go in equities does not understand the psyche of people who constantly, and greg smith was a great strategist in the '90s and he used to call it the greatest story ever told and the 401(k) into equities and the whole thing. >> and the demographic shift. >> that is totally over. it is one more, you know what, i have had it, and give me the cds and you don't lose money. >> all right. give me 0.2%. >> you are making nothing. >> and inflation running 1.7 on the wholesale level today. >> that is the awe stair ri that ben bernanke is -- and you will hear a lot about how he is hurting the sabres more than usual, because this is what people wer

because of the way my friend david faber talks about this, i'm proud of the work he did.ecause it's better than everybody else's. print, tv, doesn't matter. but there's what's known as a stub. you'll tender the sum and get back a stub. it will drop the stock. don't be confused. the combination of the two, sprint is nationwide, you keep it. i might revise my thinking if dan hesse ever leaves the company. he's notre dame's own. i do like him. thank you. how are you? >> boo-yah, jim, great to be here. >> i know it's a tough day in new york, it's busy and rainy but you got here. >> i'm sam, i have a question about michael kors. >> where are you from? >> new york. >> michael kors. >> the stock jumped up on a higher earnings report but has seen a pullback. i was wondering what your thoughts are for the short term? >> two things are going on. one, a rumor all day. a rumor that the quarter -- this quarter is weak. they just reported so i don't know how they can possibly know that. but second there's this kind of like tiffany's going down. the high end -- i like michael kors. i'm

i'm david faber with jim cramer and scott wapner. the fed is taking center stage this week, and the act this morning indicates investors hope the central bank wasn't pare back on stimulus in the near term. how we'll star the day or a sense how it's going to hope for us. green across the board and a significant rally, at least, at the open, at least indicated thus far by those futures. how did europe do? that would be important. a lot of green on the map. yeah. a lot of green on the map. let's go overnight in asia. nikkei rose for a second consecutive session. as it likes to do percentage gain has to be 2% 3% one way or the other. >> a buy order there. wouldn't it gets up 1.75, the government comes in, they like to buy high. >> momentum investor. >> exactly right. aggressive growth fund. >> our road map for the morning. of course, it will start with markets. could be a big day for the bulls, as you saw. oils hitting nine-meonth high. what to watch. >> hold the pork. one of smithfield food's largest shareholders asking the pork produce

i do not know a soul who agrees with me and david faber, a great friend and co-host, he ribs me all the time. meanwhile, oil is going higher, he said maybe oil, because we were awash in oil and every other commodity, zinc, lead, copper, lumber, iron, they were hammered mercilessly. then the darn stocks. the ones that rallied into weakness last week were the food and drug names. hold it, though. maybe they were actually up because interest rates went down. i know, what a thicket, poor fed. if you are trying to avoid a 1937 scenario and go back into a recession, then this is clearly not the time to stop, not now, not next month, not the month after. maybe not even this year. there is nothing happening that makes me feel we are closing in on the unemployment. certainly not new hires when obamacare kicks in. when the president decides it's a part of the keystone deal, we need a carbon tax. here's the bottom line, yes, the fed has to stop eventually, maybe this year. strong points over the weak points. however, i believe this week's fed meeting will be one more big bad event we got to get th

i do not know a soul who agrees with me and david faber, a great friend and co-host, he ribs me all theime. meanwhile, oil is going higher, he said maybe oil, because we were awash in oil and every other commodity, zinc, lead, copper, lumber, iron, they were hammered mercilessly. then the darn stocks. the ones that rallied into weakness last week were the food and drug names. hold it, though. maybe they were actually up because interest rates went down. i know, what a thicket, poor fed. if you are trying to avoid a 1937 scenario and go back into a recession, then this is clearly not the time to stop, not now, not next month, not the month after. maybe not even this year. there is nothing happening that makes me feel we are closing in on the unemployment. certainly not new hires when obamacare kicks in. when the president decides it's a part of the keystone deal, we need a carbon tax. here's the bottom line, yes, the fed has to stop eventually, maybe this year. strong points over the weak points. however, i believe this week's fed meeting will be one more big bad event we got to get thro

david faber with the latest on that deal.rick santelli with the "santelli exchange." rick? >> thank you, kelly. if the cubs could get some pitching and couple of long ball hitters i would think that next year we could be in pennant contention. a lot of a lot of qualifiers there. think back to yesterday's fed statement but don't think about it as a statement think abousta it as a rorschach. let's say we walked in and the dow was up 200. i feel pretty certain that pretty much the talk out there would be, you know, there's a lot of qualifiers on what the fed is going to do, this needs to happen, that needs to happen, maybe he'll do this, maybe he won't, maybe he'll be in charge, maybe he'll start to taper, maybe it will be on the next watch, maybe it won't. see what i'm saying? i think let's just get back to the markets because the markets always find a way no matter how big the position is of the fed and that is the thing to watch. it's not necessarily the buying, with i is important, it's the accumulation of treasuries that's

now we're going to go to david faber, and i just have one question, can dell get all of the dudes backck is a great question. a lot of questions, rick, who shareholders of dell will be voting and it will be -- not including michael dell shares, but voting to approve or not the 1365 offer from mr. dell including silver lake at his partner. it is michael dell's deal this morning. we get an investor presentation from the special committee of dell's board of directors and they file that and it is filed with the sec as advocating support for the deal that they struck, that $13.65 all-dash deal with michael dell and silver lake. much of it you haven't seen to a certain extent. however, there is a key element of it that we haven't seen before and that is they are questioning the efforts of southeastern and icon when they share a $12 proposed of the plan by icahn. eventually they say we have 17.3 billion in cash and we'll pay you a dividend and let's assume the 20% of the shares that tender elect to keep all stock. so we'll pay a $12 dividend, but the special committee on slide 33, i think it

i'm carl quintanilla here with jim cramer and david faber. and the case sh-shiller is the t number on the index, and we will talk to the co-founder robert schiller next on cnbc. futures are holding steady, and the 10-year yield is hovering above 2.5. and europe up 1% this morning and overnight in shanghai, wow, what a ride down 5% intraday, but they rallied to close almost flat. >> a victory! >> the road map begins with the volatile markets and the dow has posted a number of triple-digit moves and this is the most since 201 2011. we will tell you how that will affect you. >>> and robert shiller will tell us about the housing recovery. >>> and we will hear from the board of lawrence robins from glenview capital management. >> and we will also have an interview from previously on "squawk on the street." >> do we have tape on it? >> well, we can search quickly. >> futures higher after the 39-point drop on the dow, which amid higher treasury yields and cash crunch in china, blue chips had fallen 248 before recouping the losses. overnight in china

." >>> good friday morning and welcome to "squawk on the street," i'm david faber with jim cramer and scott wapner live from the new york stock exchange. and the markets are trying to recover from a rough two-day stretch. we have seen the dow fall more than 250 points. l let's look at how we are going to open the day. the futures point to a higher open, and we see it there, but we shall see, because the selling went on as the day went on. and let's look at the important 10-year yield. we are around 2.41 and we haven't seen those levels in some time, but we are keeping them there. and europe? how did we do over on the continent and elsewhere? a mixed picture there. spain was in the red it looks like, but other markets in the green. oh, yeah, looking at portugal, too. and as for asia, and japan's nikkei up over 1.6%, an shanghai down 1%, and you can see the hang seng as well. getting to the road map this morning looking at the markets. and looking at the day after a dramatic sell-off. david tepper telling cnbc saying that when the dust settles, the place to be is stocks. >> and free mar

i'm carl quintanilla and david faber live at the new york stock exchange kicking off the first tradingauto sales today, ism tomorrow, and job sales on friday. the manufacturing pmis are still contracting and germany at a three-month high and the nikkei, volatility continuing

i'm carl quintanilla, jim kram her, david faber, live at the new york stock exchange.ce a bit today. jobless claims were in line ahead of tomorrow's jobs number. in europe, ecb and bank of glaent le england left rates unchanged. nikkei down 1% overnight, down more than 3,000 points in the past couple of weeks. our road map

let's go to david faber who is talking stocks. he boss, you better have your eye on the button, david. >> i'll tell you what, this is an interesting story that we haven't mentioned. smg, the symbol said it's unanimously reprimanded the chairman for his you'ves inappropriate language and that three independent board of directors had resigned as well following the move including lead independent director and the director who is on the compensation and government committees and the finance committees. they say departing board members didn't disagree with the operations or policies or any of those thing, but they wanted to simply shrink the board and he said as well that is the current chairman and ceo. >> he owns a lot of stock. he has been known to use colorful language in the past. i have to tell you in my many years, i don't recall somebody being reprimanded for their use of inappropriate language during a board meeting. >> it's not too utsch in of the stock price. >> i have a sense before we find out what he said we can't say it o

i'm david faber, along with jim cramer and kelly evans live from the new york stock exchange.s&p.

i'm carl quintanilla, jim kram her, david faber, live at the new york stock exchange. we've just had two of the worst days of the year for stocks, though futures look to bounce a bit today. jobless claims were in line ahead of tomorrow's jobs number. in europe, ecb and bank of glaent le england left rates unchanged. nikkei down 1% overnight, down more than 3,000 points in the past couple of weeks. our road map begins with markets and your money. the dow recovering from a more than 200-point drop yesterday. investors waiting for the jobs number tomorrow. cramer's been looking through all the charts. >> jpmorgan's chairman and ceo jamie dimon warning of a scary and volatile market. >>> this pepsi soda buyout rum r rumor. >>> blue chips closed below 15,000 for the first time in a month. like the nasdaq and s&p, finished the session at one-month lows. today futures are rising on a morning in which jobless claims fell by 11,000 as we brace for the jobs tomorrow. the b of e and ecb leaving rates unchanged. draghi says in a news conference the central bank's monetary policy w

david faber is off. second best day of the year. how the futures are beginning to shoip shape up the beginning of the week. green on the screen. what about europe? how did they do on the first trading day? mostly in the red. austria, germany, netherlands higher. ireland, my people, up .1%. overnight in asia, all eyes on the nikkei in japan, nikkei tumbled the last couple of weeks. not last night. nikkei rising almost 5%. yen getting weaker. everybody calling for japan's demise. guess what? japan officially, i guess, is back. >> expansion. expansion. >> 1.4% gdp growth, stronger than expected. see if that can continue. the demographic profile of japan, to say in one word, awful. but in the short term they'll keep printing. we will see if it occurs. our road map begins with the markets. kicking off the week after the strong rally friday that basically took back all of the losses from earlier in the week. dow component 3m a rare and exclusive interview to cnbc moments ago. find out why the ceo's confident in the second half of the year

i'm carl quintanilla with jim cramer david faber.ownside action overnight in asia, shanghai composite posts its biggest one-day sell-off in nearly four years as worries about a credit crunch dominate the head lieds. u.s. futures dropping in response after the worst week for the s&p in april. q2 ends this week. a ton of data and fed

i'm david faber with jim cramer and scott wapner.k, and the act this morning indicates investors hope the central bank wasn't pare back on stimulus in the near term. how we'll star the day or a sense how it's going to hope for us. green across the board and a significant rally, at least, at the open, at least indicated thus far by those futures. how did europe do? that would be important. a lot of green on

david faber must be up early. >>> first, today is a holiday in china. one city is taking the cake for the best celebration. check thought treat. a steamed cake weighing more than 550 pounds with a diameter of 8 feet. [ male announcer ] my client gloria has a lot going on in her life. wife, mother, marathoner. but one day it's just gonna be james and her. so as their financial advisor, i'm helping them look at their complete financial picture -- even the money they've invested elsewhere -- to create a plan that can help weather all kinds of markets. because that's how they're getting ready, for all the things they want to do. [ female announcer ] when people talk, great things can happen. so start a conversation with an advisor who's fully invested in you. wells fargo advisors. together we'll go far. >>> welcome back. u.s. equity futures looking for a rebound after a volatile session yesterday, making headlines. kfc's china sales dropped 19%, that's an improvement from the 29% decline in april. parent company yum brands says it is beginning to see signs

." >>> good friday morning and welcome to "squawk on the street," i'm david faber with jim cramer andnge. and the markets are trying to recover from a rough two-day stretch. we have seen the dow fall more than 250 points. l let's look at how we are going to open the day. the futures point to a higher open, and we see it there, but we shall see, because the selling went on as the day went on. and let's look at the

i'm carl quintanilla, and david faber and cramer is off this morning.er the dow's first three-day losing streak of the year, we are seeing a wave of selling off in the world. the japan nikkei in officially bear territory, and slicing right through the dollar at 95, and the damage in the u.s. appears relatively limited at the moment, futures are improved for much of the morning and the jobless claims were good and so were retail sales. as for europe, you see the red arrows, a nnd we will see if th turn green. italy turned around a few hours ago. despite the sell-off overseas, goldman is still betting on the u.s. acceleration, and we will break it down and what it means to your investments. >> and the company that brought you perfumes from katy perry and beyonce is going public to dday >>> and jcpenneys is giving a vote of confidence for the ceo, and we will find out what they told cramer on "mad money." . >> we will be live on the ground with a lot of details of a lot of wet. >> and futures moving up slightly after the slide in the nikkei, and the declin

i'm david faber with scott walker and kelly evans from the new york stock exchange, and carl quintanillang around the globe following the drop in the dow spark ed by if fed signalin it might scale back the bond buying program this year and into 2014. let's look at the futures to see how we can start the morning. we are worse in terms of moving down in the open, or

i'm carl quintanilla and david faber live at the new york stock exchange kicking off the first trading day of june with a small rebound off of that ugly finish on friday, the worst day for the dow since the middle of april. a busy week here. auto sales today, ism tomorrow, and job sales on friday. the manufacturing pmis are still contracting and germany at a three-month high and the nikkei, volatility continuing down almost 4% overnight and it is now down 17% from its recent high. our road map begins with the markets kicking off june today after that close call at the end of may, despite a 200-plus point drop. the markets are still on a five-month hot streak. >> merck, amgen and bristol all set to start off the month after positive news of clinical oncology meeting. >> investors could yank $4 billion from steve cohen today that would leave him with mostly his own money left to work with. >> that's still plenty. >> apple in court today to defend against accusations of price fixing of ebooks. a trial could be three weeks in duration. >> all right. as we enter june, the stock markets have

i'm carl quintanilla with jim cramer david faber.he new week kicking off like last week, dramatic downside action overnight in asia, shanghai composite posts its biggest one-day sell-off in nearly four years as worries about a credit crunch dominate the head lieds. u.s. futures dropping in response after the worst week for the s&p in april. q2 ends this week. a ton of data and fed speak. ten year yield hit 2.67 up 100 basis points since may. european markets, losses there more than 1%. markets in the u.s. bracing for more losses after turning in their worst week in two months. shanghai venturing into bear territory on news the central bank refrained from injecting additional capital into the markets. u.s. treasury yield, new 22-month highs. s&p below its all-time intraday high on may 22nd high, that is the day the fed chairman testified on the hill and hinted the central bank might scale back the central bank's bond buying program. good chance majority of stocks are going to head lower? >> i go through the charts over the weekend, i'

i'm carl quintanilla along with david faber and jim cramer. gold is the big story near a three-year low falling by as much as $47 and now down 10% for the month. as for europe, seeing the gains there, and we will see if it lasts into the close a few hours from there. jim, start there and leading with the markets. you talk about getting through the mine field with the emerging markets, and looks like we have done it again. >> well, the main story out here is china. i don't know fit is the main story, but it is. china reversed the course and said, we will bail out all of the banks, but it has not helped the chinese markets, but it has put the systemic growth on the table, and the gdp is backward looking and people say, why was i selling things? what was i doing? general mills report out, and buy that stock, because it looks down, and we get back into the -- wait a second, did we do the wrong thing selling last week, given that things are not so crazed? well, i have to tell you that we have to have a real yield curve which is what we are getting,

i'm david faber with jim cramer and scott right here.a 100-point rally, the fed is under the microscope as it begins, you know it, a two-day meeting. the futures are holding onto the gains and consumer prices up one point in may, and housing

good morning and welcome to "squawk on the street," and i'm carl quintanilla with david faber and jim cramer here. dow up, and lost some ground after the past three days of gains and the 10-year yield hovering at 1.5, and the global trading is around the end of the quarter and the last half of the year to look at what 2013 could bring for your investments. >> a black eye for blackberry this morning, and the shares are down 20% after the company's quarterly report. how can the smartphone recover or can it? >> and expectations of weakness in china, and we will break down the numbers for you. >> and jim cramer talked to some of the top ceos in the country as part of the investment series, and we will get a sneak peek of what is coming up tonight on "mad money." >> and the bulls and each average posting double-digit percentage gains and meanwhile the nasdaq and the s a&p has no had a down month since october, and the dow since november, but those streaks are in jeopardy. the s&p needs to go 17 more to break even for the month, and the nasdaq 54 points which is a decline of 1.5%, and the d

i'm david faber with jim cramer and scott right here. carl quintanilla is off this morning, and afterf a 100-point rally, the fed is under the microscope as it begins, you know it, a two-day meeting. the futures are holding onto the gains and consumer prices up one point in may, and housing starts rose above street forecast, but we are looking for a higher open. >> yes. >> and a actually more defensive. looking at europe, a mixed picture, and you can see it on the continent there, but a lot of green on the map. start with our own road map starting with day one of the fed meeting as the market swings over almost any mention on the word of the word taper. president obama hints that ben bernanke could be on his way out. scott? >> and david, here is sony activist dan loeb asking for a second time to spin off the entertainment arm. the firm is third arm staking that company, david. >> well, the battle over wire, and the battle over sprint or maybe not. sprint is filing a lawsuit over dish, and we will try to sort it out for you. >>> and the p

good morning and welcome to "squawk on the street," and i'm carl quintanilla with david faber and

i'm carl quintanilla with jim kramer and david faber.ve 4% and hawkish fed speak last night and in europe flash pmis were tepid and marginal growth in germany. the nikkei fell 700 points, and

these are my two favorites. 15 years ago i would come on with david faber and talk about the key to thee insane growth stock that everybody is chattering about, and ulta is a stock that people chatter about, because it has high growth and people were worried about the management stumbling and shorts, but it is not true. it keeps going on. >> it is an ulta phenomenon. >> yes, and they will move up growth stocks that people are short, because people will cover this. this stock was hit again on lululemon, because it is a cohort. and the growth stocks are a cohort, and lululemon still reeling from christian day stepping down and it is still transparent, and that is a joke on the yoga pants, but cellgene and ulta are the stocks trumping the macro. >> this is insane. >> and talking about insane, you don't want to miss this market open given what we are seeing in the stock market, and how will gigamon fare? >> it is not pokemon, but gigamon. they are all in orange, so that must be the key number. back after this. is helping withs expenses while he can't work, he can focus on his recovery. he d

david faber is off. second best day of the year.europe? how did they do on the first trading day? mostly in the red. austria, germany, netherlands higher. ireland, my people, up .1%. overnight in asia, all eyes on

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange and what a reversalon europe, we will keep an eye on the green scenario for the continent, but the close over there is a few hours away. ovgh

i'm carl quintanilla here with jim cramer and david faber.