two-fer from david faber. dan? >> three times average daily volume. one of the things that's interesting, one trader expressed a view in the options market that basically said that that refuse wal was nothing more than posturing. today when the stock was 109. there was a seller of 5,000, the october 92 1/2 puts all the way to the down side. they used some of the proceeds to buy 5,000 of the october, 110-125 call spread. that position cost them $3. about $1.5 billion in premium. the worst case scenario the trader is basically put 500,000 shares of stock on the october expiration down at 92 1/2. or they have long exposure from 113 up to 125. there's a couple interesting things about this trade and why it may work out. when you look at chart right here, $95 is basically this gap level from when the rumors started a couple of weeks ago. and 125 when you look at this, this is basically the 352-week high. you could say maybe these guys are looking to have a price that matches that. i just want to make one point. why do they sell a put and buy a call spread?

our david faber. also be sure to catch david faber's interview with meg whitman, ceo tomorrow on "squawk on the street." guy adami. last word on this or elsewhere? >> it says a couple of things. what's the right valuation. maybe you give them a 9, 9.5 multiple which puts them in stock number one. number two, i would ask meg tomorrow or maybe david will, does this set it up to make it a tuck and acquisition. strip down, strip down, strip down and insert something that would make more sense with the core business. that makes sense. >> i'm glad you're nodding. that's the point they're making. >> i totally agree. cloud security. for sure. those are the two areas they're going to focus on and the valuations have come down. so maybe it's good timing on their part. >> really fascinating stuff out of hewlett-packard enterprise stuff. guys, thank you. >> later. >> there's more with guy and the "fast money" crew coming up. they're going to talk with edward yardeni who says the market has just again. that's in n

and our david faber has been out at the milken conference. >> david joins us for a cnbc exclusive interviewh kyle bass. it's all yours. >> thank you. kyle bass joins me now as he has over the years many times. we have recently spoken about china, focusing on your funds in terms of your believe that it will have to be devalued because of nonperforming loans in the banking system. >> that's right. >> has anything changed in the last six to eight weeks when we last spoke to change your opinion? >> no, nothing's changed my opinion. in fact, it's only gotten more harden hardened. >> why? why has that been the case? >> you know, i watch what the official establishment is saying over there. they're saying that, you know, their new economy, the service-based economy is growing double digits while their older economy is still, quote, crashing, as per the last event i attended. the interesting thick about that, they want everyone to focus on the new economy where the banking system's loans are all with the old economy. and so i think that the thing that has changed in the last six to eight weeks is y

david faber is in los angeles at the milken institute global conference. a lot more from david in a moment. meanwhile, sullen may continues to live up to its name. europe getting hit by a weak uk pmi and the dollar at a 15-month low. australia cutting rates, auto sales on the way. roadmap begins with tim cook. he joined jim on "mad money" last night covered everything from innovation to china to revenue to the company's value. global data driving futures. we'll tell you what to expect on wall street today. and shares of aig down in the premarket after earnings. peter hancock will join us live. >>> first up, tim cook defending app apple's latest results and the stock mired in a slump. he was on with "mad money" last night. >> if you talk about macroheadwinds, difficult compares dominant. >> yeah. >> currency, no new iteration yet. if you're going to be opportunistic wouldn't you say let all the hedge funds blow it out and then we'll make a statement? >> well, opportunistic to me means you buy it when you think the company's undervalued. we believe the compan

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.utures solid after yet another single digit move for the dow to start the week. we're watching a stronger dollar, some retail earnings, upgrades for microsoft, deere and square, europe's in the green. some of these brexit polls showing continued strength for the campaign to remain in the eu. and we got more hawkish fed speak from heart attacker th e- harker this time. road map, shares down after the retailer issues weak guidance, announces the cfo will step down. >> toll brothers is going the opposite direction. sold more homes at higher prices driving up numbers for latest quarter. >> and facebook responding to claims that its trending topics are skewed by political bias. the revamp for that company is coming up. but first up, best buy shares falling in the premarket. the electronics chain issuing weaker than expected guidance for the quarter, first quarter results did beat consensus, but domestic comps were essentially flat. sales growth and wearables, home theater and appliances off

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.s morning disney responsible for all of the dow's implied decline, macy's is no good either. we'll get to all of that. europe in the red this morning. asia quiet overnight. and watch oil up four of five sessions following the best day in about two weeks. our roadmap begins with four names down big this morning. shares of macy's falling hard after the company's earnings report this morning slashing guidance. terry lundgren saying on the call we are not counting on the consumer to spend more ncht office depot and staples calling off merger after a judge blocked the deal. both stocks taking a hit this morning. >>> and disney shares falling after missing estimates for the first time in five years. a drop in espn ad sales and subscribers taking a toll on that quarter. ncht first up, macy's down in the premarket after the company missed on quarterly revenue and slashes their full year guidance. retailers says top line sales expected to remain below initial expectations. macy's early release

welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faber at the new yorkck exchange. last full week of may, and the premarket is steady, the setup includes a lot of m&a, a lot of fed speak today and all week, yellen on friday, some more retail earnings, europe's in the red as pmis are the weakest in about 16 months and oil is under some pressure this morning. david. >> thank you, carl. yeah, we're going to start off with breaking news involving that incredible battle that broke out over the last few days between sumner redstone, his daughter sherri and the ceo and leader of viacom phillippe dauman. this morning he has filed a lawsuit just moments ago along with george abrams in the massachusetts probate and family court challenging changes purportedly made to the trust arrangements by an attorney claiming to represent mr. redstone. in a legal complaint, these two gentlemen, mr. dauman and mr. abrams who again have been removed from the trust that oversees the stake in national amusements that in turn controls viacom and cbs, they are going to the court say

david faber is in los angeles. more from david in a moment. meanwhile premarket steady ahead of busy week of earnings. nikkei takes a spill overnight catching up to the yen and oil steady near 46. our road map begins with warren buffett speaking out in omaha. we're going to bring you highlights, no deal for halliburton and hughes calling off their $28 billion merger. and simon hobbs live from cuba on a carnival cruise ship. first up buffett weighing in on the markets, fed and earlier this morning on cnbc. this is what he told becky about the presidential election and the economy. >> if you ask me whether electing the wrong president can permanently damage the u.s. economy, the answer is no. i mean, we've had 44 presidents so far. this country will move forward regardless. and there's no need to make america great again. america is greater than it's ever been at this point, but it's going to become ever greater. >> talked about koch, talked about ibm, talked about jeff bezos, called him a genius. and pushing back on that warning we got from ica

kayla tausche, david faber at the new york stock exchange.st four sessions for the time being dow basically flat, s&p at 2101 for the first time since april 20th. and then check out oil just below 50 on a week where energy's going to get a lot of attention as well. >>> meanwhile, we have data hitting at this hour. let's get to rick santelli atd the cme. rick. >> much like chicago pmi this one's a disappointment. 92.6, we were expecting a number slightly north of 96. last month gained 0.5 from 94.2 to 94.7. but here's the fly in the ointment, that number 92.6, well, we equal that in november of last year. you go all the way back to july at 91 to find a weaker number. so a bit of a dis appoiappointm there. equities are of course just a bit in negative territory. and we look at the treasurietre ten-year getting close to 190, kind of like it was before it took its hiatus going into the long weekend. simon, back to you. >> of course it's the employment report, the big one on friday, rick, thank you very much. meantime markets essentially reopening

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.ing to build on yesterday's rally, the best day for the s&p since march 11. setup is constructive in europe as german confidence comes in the strongest since september. watch for more fed speak today. oil within sight of 50 yet again. inventory's at 10:30. and in a few moments hp's meg whitman of the planned spin-off of the enterprise services. we'll begin with the fed. st. louis fed president jim

brian, it's david faber, so many areas -- >> hi, david. >> hi.entive auctions are coming up. they're going to be here fairly soon. there's an expectation that comcast is going to be active in bidding for spectrum. how do you view wireless, particularly of course in light of your earlier comments about reaching everybody on every device with what they want? >> well, i don't have any news today on wireless. what i would report to you is that i think we have more hot spots than any company with xfinity wi-fi. and we found wi-fi to be a fantastic way to get your content. it works better on wi-fi. your home is wi-fi. at this show we're showing the little devices, cable boxes, this is the cable box of the future. it's that small, that thin. same for wi-fi repeaters and routers. i can't talk about the auction because we have signed up. that's not a secret, to at least consider it. we have our relationship with verizon, and we have an mvo with sprint. so we have a lot of different ways to keep options open for the company, but right now what's working be

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. premarket in the green although dow in danger of strongest weekly losing streak in a year. gap, deere, updates on egyptair, europe looking to finish the week stronger. we'll get existing homes at 10 and g-7 finance ministers meeting this weekend. a roadmap continues with the retail wreck continuing, gap, foot locker and ross stores all on the move after earnings. >> and more on the latest on the disappearance of egyptair flight. >>> first up, stocks are poised to open higher a day after the s&p touched a two-month low on concerns the fed might hike rates next month, or in july. the dow and the s&p on track for its fourth consecutive weekly loss, that's the first such streak since october of '14. the nasdaq on pace for its first five-week streak in the red since 2012. >> yeah. >> interesting to put in perspective the month we've had. >> money pouring out of the market worse -- actually, these guys talking on "squawk box" worse than 2008 and 2009. people concerned it's not just one hike

ceo meg whitman will join david faber on "squawk on the street" later this morning. >>> toyota is hailingber. investing an unspecified amount in the company. report says it's under $100 million, though. toyota and uber will now offer vehicles to drivers through a new leasing program. they'll be able to cover their monthly payment use uber earnings. the companies will also share information on research and techniqu technology. yet another deal with a ride sharing company and a car company. >> there are a lot of toyotas on uber. the data pool is shallow, so we focus on a trio of fed speakers. philly fred patrick harker, minneapolis fed president neel kashkari and dallas fed president kaplan speaking. hp inc., williams sonoma and lions gate out after the close. tiffany, if you want an example of how it's hurting corporate america. tiffany highly exposed. not just overseas in markets like japan but in u.s. flagship stores where there are so many tourists just not spending very much. >> tiffany is considered high end? >> very high end. luxury rea little. >>> the dow and s&p coming off the best

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.utu futures giving back some of yesterday's big gain, a lot of news setting the table today. home depot crushing estimates. some new valuation estimates on youtube. we'll get to all of that. europe's mixed at this hour. oil's steady, but watch bond yields today. cpi comes in with the hottest number in three years. roadmap begins with oil hitting a seven-month high while the market keeps a close eye on saudi arabia as well as service disruptions. >> home depot reports better than expected earnings and raises guidance, but the overall retail sector is still under pressure. >>> pandora shares on the rise after activist investment firm calling for pandora to consider a sale. >>> stocks poised to open lower following monday's rally. futures up 0.4 as gasoline, medical care and food prices up. april housing starts up 6.6. well above expectations on a 3.7% gain. economy doesn't look too bad this morning, jim. >> no. a lot of that increase in cpi is gasoline has come up. that's something that

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.head of a long weekend, we are watching a pretty steady premarket. yellen's speech this afternoon. pretty solid revision to q-1 gdp as well, a mixed picture in europe, oil settling back after crossing 50 as you know earlier this week. we are going to start with gdp revision to 0.8 from 0.5 as for stocks the dow and s&p are on pace for their best week since march. we're going to close out the month on tuesday. we're going to start talking about how to play this in june ahead of brexit and the fed, how to play it in a summer where stocks have alternated up and down for six years. >> but at the same time we have groups that have come alive. this tech rally is very real. it is broad based. it's chips. it's software. it's high growth. it's cloud. the bank rally is in its infancy. as we get closer to a rate hike, which i think we will get given the fact that these fed heads of carpet bombed us with the two to three, that bank group can get stronger. net interest margin will go higher. it's v

after the posting first quarter revenue, and plan to spinoff the internet services business, and david faberpoke with meg whitman this morning. >> yes, carl. investors are rejoicing a deal that was announced late yesterday according to the hp earnings, and that deal is involving the spinoff services, and two computer science corpse creating $26 billion in overall revenue, and owned 50% by the existing hp shareholders and 50% by the shareholder base, and that deal is going to take some time, and expect it to call in the end of march 2017, but it is a big deal for hpe, and it is having a positive response not only in that stock, but other computer sciences, because their enterprise value is comprised of the units taken over when they bought eds at $8.5 billion, but importantly, hp did report earn in ings. we had an opportunity to talk to meg whitman about it, because it is left with $33 billion in e revenues, and led ti hardwaby t hardware group. i did ask ms. whitman if she sees the earnings at hpe ramping? >> i feel good about the return business, and we use a return based allocation strateg

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.remarkets high coming off the second biggest volume day of the year. a lot of earnings to get to today. allerg allergan, gap, disney tonight, misses estimates second month in the row to the downside. nikkei higher on some yen weakness helping to support oil as saudis say they're going to increase production to meet demand. >>> roadmap begins with shares of gap falling hard after the retailer reported slumping sales, stock's down more than 40% over the past year. could it be time to buy? >>> allergan is on the move this after the company's earnings report and announcement of a $10 billion share buyback program. what is behind this big move? we'll discuss. >> and valeant's new ceo joe papa joined jim on "mad money" last night. we'll see what he had to say about generating cash and buffett's right hand man charlie munger. gap poised to open at four-year lows on the company's fifth quarterly sales decline. comps down 5%. the retailer also issuing some disappointing profit guidance for q1 s

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.remarket is looking to build on yesterday's rally, the best day for the s&p since march 11. setup is constructive in europe as german confidence comes in the strongest since september. watch for more fed speak today. oil within sight of 50 yet again. inventory's at 10:30. and in a few moments hp's meg whitman of the planned spin-off of the enterprise services. we'll begin with the fed. st. louis fed president jim bullard told cnbc about a potential june hike. >> obviously we've tried to be data dependent, and i don't think there's any reason to prejudge the june meeting at this point. we can wait until we get to the meeting, see what the data say and try to make a good decision there. i think on the issue of press conferences we have made many moves over the years without press conferences, so i think you could make a move without a press conference in this circumstance. the labor market data, as i said, if you just took your signal from that, we'd definitely move, i think. >> as a rem

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.utures week, if you thought the pain was over from retail earnings, think again. we're going to get to what target is calling a volatile consumer environment, goldman taking equities to neutral, overweighting cash. watch europe, got some new brexit polls to tell you about this morning. yield curve continues to flatten and of course the fed minutes are on the way 2:00 p.m. eastern time. road map begins with target shares plunging after the company issues guidance. call will begin in just over an hour. >> goldman sachs downgrading equities saying there's no particular reason to own them. and fed minutes are coming out later today as the dollar hits a seven-week high. >> four years ago today facebook went public at the nasdaq. shares priced at $38, now closer to $120 on a day where mark zuckerberg is set to meet with some u.s. conservatives. >>> first up, mixed picture on retail, target beats on quarterly profit but revenues and comps miss, current quarter guidance, lows better than expec

i'm david faber.bune publishing reflected gwyneth's 15 billion takeover price and had the same 15 million price from an l.a.-based health care expert. non-capital, 4.7 million shares, he'll become the company's largest shareholder and join its board and he now joins us. nice to have you, sir. >> pleased to be here. >> why did you do this deal? >> well, i think, you know, the "l.a. times" and the chicago tribune with national treasures for the company. the opportunity to take a publication system to the next generation of technology and innovation and bring it into a content delivery into the modern age is a really exciting opportunity for us. >> do you understand exactly what the strategy of tribune's chairman michael farrow is and in an interview with me a couple of years ago, the power of artificial intelligence and taking some of the data they have available and making it a much more valuable experience for advertisers and plenty who say 15 bucs, come often i want to take that all day long and i do

i'm carl quintanilla with david faber and michael santoli.etail sales come in better than expected despite this week's ugly department store earnings which do continue today. we'll get to that. german gdp rises by the fastest in two years. ppi with its first gain in three months but just shy of expectations. roadmap begins with another brutal day for retail earnings. shares of nordstrom down about 15% in the premarket, penne yerks's taking a hit. we'll break down what's really happening in the sector. >>> donald trump launching another attack on amazon and jeff bezos. trump saying when it comes to taxes, amazon is, quote, getting away with murder. >>> apple ceo tim cook told cnbc he's very optimistic about china and putting his money where his mouth is in a big way. we'll look at the chinese company apple just invested $1 billion in. >>> but first up, government data shows retail sales up 1.3, surge led by autos, gasoline and online retail. but there's more department store pain on the earnings front. both penney and nordstrom tumbling. at le

expecting to bid around 2 to $3 billion for the core business which is less than expected, but our david faberot to be and the bids should be in the higherer range, and so it centers around which round of bidding and what do you take? >> second. i think that david fab ser an excellent reporter and he is 100% right. they won't go that low. and i'm not a bull on yahoo and even i think that is insane. they won't sell at that price first of all, and why would t y they? it would make no sense. >> and one of david's conspiracy theories this morning is that maybe it is a verizon leak to get the shares to fall so they could pay less than they had previously planned to, but they did pay $4.5 billion for aol, so it is not like they are in the business of getting deals. >> that is not tim armstrong's m.o., and he is straight forward and he does not play games. you can imagine that we talk to all of the bidders, and i don't see that he would whisper that to the journal, and that is not his manner in any way. and it is probably, you know, one of the issues is that i have been hearing 3.5 to 4.0 for the cor

kacarl quintanilla with jim crar and david faber.he earnings pace slows way down with retailers like disney on the calendar. german factory orders the best since june has europe in the green. oil remains a big story as the saudi oil chief is ousted and those alberta fires continue to rage. our road map begins with oil prices jumping on the outages from wildfires in canada as the market turns its attention to saudi arabia, where major changes are taking applauplace. we'll go there live in a few minutes. >>> the ceo of the lending club is out and the stock is falling very hard in the premarket. we will give you the latest. >>> and donald trump saying the rich will probably pay more taxes if he's president. will support shift now that he's backing earlier proposals to reduce taxes on all americans? >>> futures are off the highs of the morning following a down week for the markets, one which saw the nasdaq dip briefly into correction territory. growth in the mix, a bigger than expected drop in chinese imports and exports last month. over

melissa lee and david faber at the sohn conference with big int interviews. and america's pension crisis, a major decision coming down that could have big ramifications for your retirement. now, over to phil lebeau with the breaking news. phil? >> michelle, take look at the shares of tesla under pressure after the announce ment of two key executives in the manufacturing of the model x, the new suv that has had a number of problems, two of the executives are leaving tesla, and one of them greg reichow and stepping down from v.p. of production and john ensign to depart as vp of manufacturing. scott, the bottom line is this, you have have two key executives in the manufacturing of the vehicles leaving tesla, and that one reason why the shares are under pressure today, and speaks to the question of whether or not they are going to be having more problems to inkrecrease th production and not with just the model x, but the model s and then the model 3. >> well, phil, you have a knack for a segue, my man. phil lebeau live in chicago for us, and we have jim chanos, a

david faber with the breaking news on alibaba. karen, what should people make of what's going on here? >> i would think we'd see pressure on alibaba. i was wondering if yahoo! has any ability to do any of those kind of swaps as well or whether it's just softbank's opportunity or not. it's an interesting set of transactions. sounds like. structured well for softbank, sounds like. so i don't know. i would think pressure on alibaba. >> after an after-hours trade we're down only 2%. people are certainly not frightened by the move, or feeling that the skids are being put under the stop. >> i also point out, i just looked at it, i didn't look at alibaba all day. but i see it traded four times normal volume today. so i'm not sure quite what that means. i don't know if people were -- >> china's shares were active earlier. >> i will say to karen's point, the headline risk in this stock to me is still towards the down side. it's trading well given what you just talked about. i'd let the shakeout before i get back into it. >> it seems all th

. >> always a surprise from david faber. plenty of room for the dating category to expand, we learned. but not for us. we are done with it. >> not for you and me. no tinder. >> none of that. >>> up next, is reality finally setting in for tech valuations? what a big move by oracle might tell us. >>> plus for the first time in half a century, a u.s. cruise ship docking in havana. we go there live next. >>> welcome back. oracle in a deal worth about $532 million, buying a cloud provider in the utilities industry helping people visualize data and be more efficient. this comes less than a week after oracle announced an intent to buy another company that deals in the cloud in the construction industry for $663 million. both companies wore basically in unicorn territory several months ago. oracle appears to be picking them up on sale. this caught my eye because oracle always talks about how they don't like to overpay for stuff. who says they do like to overpay, but they are very value-conscious in the way they talk about m & a to.

now sh, and t is where david faber has a first on cnbc interview with the millken can institute's globalferen conference. david. you know how it is? >> yes, i do. i work with that man fairly frequent frequently. and thank you, scott. i am joined by steven schwartzman the chairman and ceo of the blackman group. >> good to see you, david. >> and we have known each other for years, and way back when we used to talk about the private equity, because that is what people think about when they are lbos, but as an asset manager, you have moved way beyond, that and in part, it feels and may not be, but exits are much more prevalent than the entrance when it comes to the private ek wu ti business and not talk about the real estate, but is that the case or are you starting to ramp up to do the deals the way we saw you and your competitors do? >> well, on the exit side it is a function of what the marks will give you, and right now money is cheap. it is quite abundant strategic. buyerers like to buy thing, and so when they like to buy, the companies have been performing well for a long time. then yo

. >>> david faber has new details and joins us now. >> thank, kelly. you know what? your intro alone says it all between viacom and sumner redstone. he's the controlling shareholder of the very company we're talking about. earlier today or actually on tuesday i report thad the directors of the company were increasingly in the event that mr. redstone might replace all of his board as soon as this friday. today as we we reported on that likelihood. sources reported that, yes, they're bracing for that opportunity. later today, about an hour or so ago, a spokesman on behalf of mr. redstone put out the following statement with regard to questions about the viacom board and its ceo. saying sumner redstone will make everybody deliberation with the same deliberation as he removed philippe dauhman. replaced earlier this week by chad jankowski and joe cruddic. these seen more in line with cherie redstone, mr. redstone's daughter. npz in their belief they believe he's under the influence of cherie redstone, his daughter, who's trying to man it late her father to achieve her goa

>> david faber joining us. >> because the head of time warner speaking with him exclusively about anr ago. what did he have to say? >> we haven't speaken at least on camera and publicly for quite some time. and of course a lot has happened since we last spoke. but one of the key questions is the emergence of these over the top platforms that will include some bundles of programming and be available to people via broadband perhaps presenting opportunity for people to turn off the video service and the cable bill. and i did ask, well, given this new environment that is increasing in terms of competition and availability of various over the top bundles, what is your strategy? >> in most cases able to watch your tv not work on demand. you can't through it. you can't find out do i go back two weeks episode or what i do. what you are seeing right now finally is that the entire tv environment is finally getting on demand and good navigation. i think you are seeing it across the system! there you hear it. but of course a key question becomes all right fine all of these platforms are availabl

. >> secretary, david faber here. minimum wage. number of states have been increasing the minimum wage over the last year. i was listening to dr. kruger say, $12 an hour works well. $15 is unchartered territory. might have negative effects. do you have an opinion on this increasing movement toward a hire minimum wage could have a capping effect on job growth? >> well, again, we're at 7.25 at the federal level. up with thing we can all agree on is you can't live on there are 7.-- $7.25 an hour. the republicans in congress haven't gotten the memo on that. we have to increase the federal floor. there's a proposal that bobby scott, patty murray, elizabeth warren, others and the president supports it to take the federal floor up to $1. i think straights ought to have the ability and localities to go higher. the fight for $15 movement was something that people laughed at two or three years ago. it's no laughing matter for people struggling to make ends meet. now, roughly, you look at the state and local governments going to $15, we're no

reminder, david faber will be along with larry robins in the next half hour. >> fantastic. thank you. letd's go to phil lebeau. >> let's bring in a live picture from washington, d.c., the national highway trast safety administration is announcing what was first reported yesterday afternoon, a recall of between 35 and 40 million vehicles with faulty takata air bags. haven't millions already been recalled? this is an additional 35 to 40 million vehicles. the problem is that air bag inflators may fail. this means that roughly 23% of all u.s. vehicles are now impacted by this recall. either in a previous recall of 28 million or the new recall of 35 to 40 million vehicles. let's put this in perspective. the recalls going on for some time now, these are because we had 11 deaths related to the air bag deflators that don't work. still no root cause, however, of why those inflators do not work. the mod thalz are impacted date back to 2001. we're not going to run through all of them. there are too many to list. 14 automakers impacted. by the way, tyler, this latest recall is being an

david faber said that may be low. do you think it's $2 billion to $3 billion?i think and what sources are saying is this is a negotiation. bids are due. people are posturing. aol is sold to verizon for more than $4 billion. it's really hard to imagine yahoo!'s going to be less. so i just don't believe those prices right now. >> okay. so yeah. i want to compare it to twitter mean ear i'm sure viewers take exception and bear with me for a second. twitter has fewer than half the number of active users as yahoo! claims and one half the revenue and twitter's revenue is slowing and a market value of $10 billion saying one of the companies may be grossly mispriced. your thoughts? >> so comps are hard. the problem with yahoo! right now is momentum. not only is revenue not growing, but it's hemorrhaging users. we had a story about huge declines of usage across all its properties and tech is a momentum game. twitter's stuck but not as stuck as why hoo and bidders anxious right now because there's so many questions over the company. what's going the happen to the softbank

bids, david faber says they're in the range of $3 billion to $4 billion, but will marissa want to sell at that price, coming up. >> carmelo anthony getting into it with macy's. there's one league that's in a laeg of its own. >> the shoe game is a little bit different. it's the right to consumers. i don't think people are going into stores buying shoes. everything is job line, websites, apps. >> he had more to say about that, too. we'll have that coming up after the bell. also including why he's wary of investing. remember his tech startup. >> he reminds me of kobe. very, very bright guy, right, playing basketball. let's start with oil. it's climbed more than 3% just this week, but is this recent surge in the commodity about to take a turn lower. let's bring in our friend from rbc capital markets. we're getting close to that magical $50 a barrel market. what do you think? >> that could be sort of weighing down on prices once you get to the 50, 51, 52. but the thing to watch is we're having mounting supply disruptions. i mean canada still remains down by over a million barrels. will prob

i'm carl quintanilla with david faber, jim cramer back at post nine on the new york stock exchange. adp misses badly, europe is lower although pmis were pretty much in line, u.s. productivity down a full point in q1, and we're watching politics as donald trump now on a clear path to the republican nomination. a roadmap begins with stocks hitting a rough patch once again we read the tea leaves on the data that's driving down the market this morning. >> cbs and time warner are on the move both after reporting earnings. we're going to dig into those quarters. we'll also talk to cbs's chief executive. >>> tim cook calling the u.s. government dysfunctional on "mad money" with jim. we'll hear from the apple ceo and dig in on what last night's primary results may mean. stocks are poised to open lower a day after falling to their lowest levels in three weeks amid concerns about slowing economic growth. speaking of the economy, data from adp shows the private sector added 156,000 jobs in april, that is below consensus and marks the smallest increase in three years. 156, we were looking for 1

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. retail earnings, upgrades for microsoft, deere and square, europe's in the green. some of these brexit polls showing continued strength for the campaign to remain in the eu. and we got more hawkish fed speak from heart attacker th e- harker this time. ro

welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faber at the new yorkt full week of may, and the premarket is steady, the setup includes a lot of m&a, a lot of fed speak today and all week, yellen on friday, some more retail earnings, europe's in the red as pmis are the weakest in about 16 months and oil is under some pressure this morning. david. >> thank you, carl. yeah, we're going to start off with breaking news involving that incredible battle that broke out over the last few days between sumner

david faber is in los angeles at the milken institute global conference. e. europe getting hit by a weak

i'm carl quintanilla with david faber and michael santoli.pite this week's ugly department store earnings which do continue today. we'll get to that. german gdp rises by the fastest in two years. ppi with its first gain in three months but just shy of expectations. roadmap begins with another brutal day for retail earnings.

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.f the year. a lot of earnings to get to today. allerg allergan, gap, disney tonight, misses estimates second month in the row to the downside. nikkei higher on some yen weakness helping to support oil as

i'm carl quintanilla with david faber, martin sooshort week, ja jobs numbers, auto sales, stocks tryingeven years. and watch oil ahead of that opec meeting on thursday. s&p

i'm carl quintanilla with david faber, jim cramer back at post nine on the new york stock exchange.is were pretty much in line, u.s. productivity down a full point in q1, and we're watching politics as donald trump now on a clear path to the republican nomination. a roadmap begins with sck

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.et. yellen's speech this afternoon. pretty solid revision to q-1 gdp as well, a mixed picture in europe, oil settling back after crossing 50 as you know earlier this week. we are going to start with gdp revision to

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.ing to get to what target is calling a volatile consumer environment, goldman taking equities to neutral, overweighting cash. watch europe, got some new brexit polls to tell you about

kacarl quintanilla with jim crar and david faber.lers like disney on the calendar. german factory orders the best since june has europe in the green. oil remains a big story as the saudi oil chief is ousted and those alberta fires continue to rage. our road map begins with oil prices jumping on the outages from wildfires in canada as the market turns its atten

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.gh dow in danger of strongest weekly losing streak in a year. gap, deere, updates on egyptair, europe looking to finish the week stronger. we'll get existing homes at 10 and g-7 finance ministers

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.ff and the first three-week loss since february. we've got some pharma m&a this morning, buffett's buying some apple. we'll get you up to date. in europe german markets are closed for a holiday otherwise prices relatively steadily. oil's creeping up as goldman ups its price target to 50

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.sterday's big gain, a lot of news setting the table today. home depot crushing estimates. some new valuation estimates on youtube. we'll get to all of that. europe's mixed at this hour. oil's steady, but watch bond yields today. cpi comes in with the hottest number in three years. roadmap begins with oil hitting a seven-month high while the market keeps a close eye on saudi arabia as well as service disruptions. >> home depot reports better than expd

david dietze, point view management, who is the president there. caveat to all of this, people have been sentenced to life in prison who are more optimistic than marc faber. that said, david, how do you look at the economy and maybe do you agree with the good doctor or no? >> well i don't think mr. permabear earned his nickname because the s&p, which constitutes most important stocks down with dividends of 1%. well-advised clients have been making money. how? over the last three years the market is up 9% a year. most well-advised investors have a balanced portfolio. 10-year treasury over the last year has been up 5%. put the two together you have a positive return. finally our clients made 12% just from the middle of february as you take advantage of dips in the markets and get back in. for the record we're constructive going forward. we think we'll see better earnings. connell: what about you, jared. david talks about it all about earnings. people think it is about what the fed will do next. where do you stand? >> let's put things in context. we're in earnings recession. revenue is down. earnings are down. david is right, if you guide your money correct