i'm david faber and jim cramer we are live from the new york stock exchange. carl, quintanilla, where is he, live from the republican national convention in cleveland. they're on the floor somewhere. taking a look at futures this morning let's give you a quick look. you can see the markets are set up for what appears to be at least at this point a higher open on the broader averages. european markets where do they stand? let's take a look right now at it all, the dax, the ftse and france's cac, all up this morning as you can see britain not, perhaps, with the uk, at least for now the uk. maybe not that much longer. the 10-year, there it is, 1.57. only a few weeks ago we were below 1.4. >> i know. >> we have moved up. >> oil at 44. didn't think we would take it at 45. inventory at 10:30 today. >> let's get to the rest of our road map this morning and it start with more fireworks from the republican national convention as we kick off day three in cleveland and carl, of course, as we said is there live. shares of morgan stanley up in the premarket on earnings. we

david faber, "nbr." >> tesla and the movement towards driverless cars more broadly ne >>> rental car company hertz is now offering special rental rights to uber and lyft drivers. the move is designed to give traditional rental car company a bigger presence in the ride-sharing industry. hertz is also hoping it can derive more revenue from its older vehicles which are located in cities throughout the country. that agreement sent shares of hertz higher in today's trading session. >> highly unusual warning from the secretary of transportation for owners of older honda vehicles. anthony fox tells more than 300,000 owners to stop driving their cars immediately because of a much higher risk of their takata air bags rupturing during a crash. he called the following vehicles unsafe and in need of immediate repair. do not drive. the 2001 and '02 civic and accord, 2002 and '03 acura tl. the 2002 honda cr-v and odyssey and the 2003 acura cl and honda pilot. >>> bmw is reportedly set to announce an alliance with two tech. according to "wall street journal" the automaker will team up with computer

cnbc's david faber report a result in his departure. he was sailed earlier this month r rep today say one of fox's best known anchors megyn kelly told investigators that he sexually harassed her in the past as well. fox said the investigation is ongoing and he is at work. at first reported that harassment was described in detail.e would be a big deal for the media power house which he basically built. julian boorstin has more. one of the most high profile and profitab fox. he's also chairman of fox tv statio his businesses are a huge piece f the media giant's 20% of total earnings before interest, taxes and amortization and his businesses continue to grow. the ad revenue at fox news channel and fox business network will grow 5.6% this year. with billi for how the murdochs handle the next step for fox news leadership. back over to you. >>> still ahead the promise and the limitations >>> home building rebounded in june, housing starts rose by 4.8% last month, driven by big gains in the west and northeast. report from the co the highest le

>>> good tuesday morning, welcome to "squawk on the street," i'm carl quintanilla, jim cramer, david faber at the new york stock exchange. the earnings parade is fast and furious, with cat, verizon, mcdonalds. add to that day one of a two day fed meeting. the dnc last night, futures relatively steady. europe is mixed this morning. another terror attack in northern france to watch. oil is lower as more reports suggest from downside risk. our roadmap begins with shares of mcdonalds after reported earnings that mixed expectations. we'll dig into the report. >> united technologies is up on earnings. ceo gregory hayes is going to join us live for an interview. >> and the democratic national convention kicked off with a bang. we'll go live to philadelphia for the latest. but first up, mcdonalds with earnings. sales in line, but earnings miss on the bottom line. $1.25 a share, global comps up 3-1r3 3-1. stocks are down 2.5%. a year ago they were down 2 and people are looking at all day breakfast and saying, is this all it's brought. >> i think they've got some promotions that are good. the stock

david faber, cnbc. >> now the majority of shareholders have indicated rather they will be voting in favor of the proposed merger with do you have boerse. this is according to various reports. comes after the uk's vote to leave the european union. that vote taking place on monday to make sure to check in for news on that one. >>> speaking to cnbc earlier, the euro ceo reiterated plans to swoop in if the merger with deutsche bank collapses. >> this is having voted so we have to respect the decision of all the stakeholders in this decision. they have a project. it's all about the shoulders to decide whether they believe the brexit is rangechanging anythin not about this project and they will have to vote, but that changes also related entities before the brexit and will continue to be after the brexit so the other very important around this situation. the european commission that has to form its view of whether or not there is concentration on certain market segments. obviously the predadvisers have concerns on two big issues and particularly creating assets and obviously regulators in germa

the sixth decline of the past seven quarters, but this morning sources telling david faber there areow five bidders in the final round for yahoo!'s core assets. remains to be seen where the fault lines will be drawn, along the core assets, intellectual property, real estate, but we'll have more reporting on that when it comes in. yahoo! shares currently up just shy of 1%. >>> when "squawk alley" returns, how pro golfer bubba watson is dumping his golf cart and giving new meanings to the words eagle and birdie. stay tuned. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical co

i'm carl quintanilla with sara eisen, simon hobbs and david faber.cks tiptoeing into a busy week. earnings season under way. big tech will start to roll in after the bell. we're watching baton rouge, turkey and the gop convention kicking off tonight. the national association of home builders has its monthly sentiment index out. let's get to diana olick for the numbers. hey, diana. >> hey, carl. builder confidence in the single family housing market drops 1 point to 59. that's a miss. the street looking for unchanged at 60. anything above 50, though, on the national association of home builders sentiment index is considered positive territory. we were at 60 one year ago in july. the builders continue to say they're having trouble with land and labor cup straints but cite consumer confidence given global economic problems and the looming presidential election here in the u.s. of the three components of this index, though, current sales and buyer traffic both fell 1 point to 63 and 45 respectively. sales expectations over the next six months, though, dr

i'm carl quintanilla with sara eisen and simon hobbs and david faber.st day of earnings season, a lot of attention being paid to ford which is a police and warn. politics, of course, also in the docket as we await the acceptance of the nomination by hillary clinton. dnc kicks off day four after a big night with the president taking center stage last night. john harwood joins us from philadelphia. hey, john. >> hey, carl. week long conventions are about building your case. democrats try to multiple fronts last night, national security officials making the case that donald trump isn't fit to be commander in chief, you had vice president joe biden and vice presidential nominee tim kaine telling working-class voters not to rally behind a candidate they called mean spirited and dishonest. >> no matter where you were raised, how can there be pleasure in saying you're fired. he's trying to tell us he cares about the middle class. give me a break. that's a bunch of malarkey. >> folks, you cannot believe one word that comes out of donald trump's mouth. not one w

i'm david faber along with jim cramer. we are live from the new york stock exchange. carl quintanilla is live from the republican national convention in cleveland. where we saw some fireworks again last night and he's going to bring us the latest in just a moment. let's give you a look at futures this morning as we get started here on shows. as you can see we're looking for a slightly lower open. european markets have, well, we've been hearing from the ecb although not much action, there it is, at least the equity markets at this point lower, though fractionally so you have to say. how is the 10-year note yield doing and crude oil, there's a look. 1.6, 1.6. wow. things are getting crazy there. crazy. wti you can see is right around 45, 50 or so this morning. let's get to our road map. it starts with day four of the republican national convention in cleveland. ted cruz was booed, mike pence delivered his speech, and they are gearing up for trump's speech tonight. we will go there live. elon musk is revealing his master plan for tesla. part two, by the way. how realisti

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange. huge morning for earnings. as apple is set to add 40 billion in market cap after beating estimates. we'll get to boeing, coke, twitter, panera and more. europe and asia reacting to japan's announcement of 26 yen of stimulus. fed announcement at 2:00, po tus at dnc, 10-year 1.55 and oil is steady. road map on a busy day for earnings including apple, coke and boeing. apple surging in the premarket on the sfwheets more from the dnc. less discord from inside the convention. president obama, joe biden and vice presidential nominee tim kaine are on tap to speak today. >> another tough quarter for twitter and jack dorsey, the stock plunging after results disappoint. what happens to the company next. but first up, apple shares are surging after the company reports a beat on the top and bottom line. revenue did fall for the second straight quarter. iphones saw the steepest sales decline year on year but that number was less than what the street was expecting. analysts expecting an uptick in ip

i'm here with sara eisen, david faber.uick check on the markets which are setting new highs once again. we got to 2166 on the s&p and the dow up 134. transports helping out a lot. >> our roadmap begins with the biggest tech ipo of the year, line. the japanese messaging app will begin trading any minute now after raising a billion dollars. we will speak with the company's co-founder. >> plus the market continuing its record breaking rally, the s&p and dow both opening at new highs. how high will it go? how long will it last? >> donald trump set to announce his vp pick. we will break down the possibilities ahead of that announcement. >> we're awaiting that line ipo over at post 8. set to make its debut at the new york stock exchange and in tokyo by the way. biggest tech ipo of the year. later on we will be joined by the co-founder and chief global officer of line when that opening trade happens. our own bob pisani has been watching the indications over at post 8 and he has a special guest. >> tom farley the head of the new y

with sara eisen and david faber.nued weakness as we move further near the holiday shortened week. dow down about 70 points. breaking economic news and we will gee to rick santelli in chicago. rick? >> we're looking for our june read on ism nonmanufacturing. the service sector, the biggest swath of the u.s. economy. looking for 53 and change. add 3 points. 56.5. 56.5. much stronger than we were expecting. and that's the best read since november of last year which was 56.6. considering it's employment week, let's go through the employment index. the employment index moved back above expansion of 50, from 49.7 to 52.7. new orders, they got very close, as close as you can get to 60 without actually overtaking it, 59.9. so that was a nice jump from 54.2. so we've had some spotty data. the service sector seems to be at least based on this measurement doing better. and yields, hovering around 1.37, 1.38, about the same place they were in july of 2012 and other than those two places you have to go to the eisenhower administr

i'm david faber with jim cramer. we are live from the new york stock exchange on this friday before the july 4th long weekend. carl quintanilla got a start on that weekend, in fact a start all week long, lucky man he is. futures this morning, of course it has been a tumultuous week for the markets and actually that's an appropriate word here. i'm not engaging in hyperbole. we can see the s&p looking -- some muted reaction this morning. perhaps today will be a quiet day. how did europe do? let's show you and see how it is doing. the markets won't close for a few more hours. there is a look at the uk. and germany and france. all of which are in the green. one week ago, a very different story, wasn't it, as you look, that still takes your breath away sometimes. 1.419 on the 10-year. it's 2016. halfway through. >> those people who get older, those ones, those guys who get in their like 50s and 60s have no place to invest. >> no kidding. no kidding. >> what do you do? >> municipal bonds. it's a problem. >> what's this we,

david faber just wrapping an interview with james gorman, the ceo of that company.w a light at the end of the tunnel for fixed income which has been a troubled part of that bank. didn't see the brexit trading boost that other banks did but certainly beat on the top and bottom line. 75 cents per share where brexit is concerned, though, he did say that the bank will be looking for another european place to build a footprint outside of london. though london will still remain central for the country. >> let's get back to carl now in cleveland. he is joined by larry kudlow, an informal adviser to the trump campaign. long gop strategist and ed rogers, a former adviser to mitt romney. >> guys, good to have you with us. ed, larry. >> good to be here. >> let's recap last night. those who say the party is being co-opted before our eyes. true or false? >> co-opted? i thought governor christie, his prosecutorial best, to be honest with you, with respect to mrs. clinton. i thought it was absolutely incredible. i thought rudy giuliani has been good in this thing. i thought the ki

i'm carl quintanilla with david faber, sara seisen, michael santoli. volatility somewhat muted as we juggle adp, m&a in the food space, pepsi earnings and fbi director comey on the hill. europe higher as bank fears subside for the moment. oil is higher on that bigger than expected api draw last night. our road map begins with a major post-brexit deal. danone buying whitewave for $12.5 billion. we're going to break down the details, talk about what it means for the industry and business in europe. >> shares of pepsico on the move after beating street expectation. we're going to talk to the company's cfo hugh johnston in a few moments. >> expecting fireworks today on capitol hill. fbi director james comey set to testify about the hillary clinton e-mail scandal. we will bring it live in whitewave rising in the premarket. the organic foods makers agreeing to be acquired by danone for $10 billion in cash. the deal values whitewave known for brands like silk and horizon organic at 6:25 a share. danone says the merger will double the size of the u.s. business

i'm carl quintanilla with david faber at the new york stock exchange, and how sturdy is the rally ashe futures are up again today, but mildly, and the weeks are more interesting with the earnings, and politics, and bank of england, and jostled with the helicopter money coming to tokyo, and the 10-year yield coming off of the 1.51 level yesterday. and the day begins with record highs again, and what could cause this market rally to slow down? >> general mills shares are up, and the ceo will join us on a first on cnbc interview after he rings the opening biell. >> and the prime minister set to take over for david cameron and what the change at 10 downing may mean for the futures. >>> and stocks looking to extend the winning streak, and make more history in the process, the dow and the s&p hit new highs led by the indiscretionary and the industrials, and the nasdaq in positive territory for the year, and rising to the highest intraday and closing levels of the year, and ten sessions, and 7.6% of the s&p 500, and the best ten days in five years. >> i used a proprietary oscillator that i

david faber made his way to the desk which can only mean one thing, news. >> we mentioned in the first hour of squawk on the street and we have the initial news from sabmiller which said it's board will recommend that offer for 40 pounds for its huge acquisition of course and the company is one of the largest acquisitions of all time. there had been some question given that it was preemptive in making that $45, 45 pound offer. one pound higher than the previous offer. why? well the value of the pound went down so the value of the deal was actually impacted in a significant way and in it's review, sab's board said it was a difficult decision given changes in circumstances since they recommended 44 pounds a share. they were satisfied at that time but they cite most importantly the impact of the brexit vote and the value of sterling and rerating of comparable companies but at this point it was at the low end of the range. values considered recommendable. and they're also saying by the way now -- well let me tell you what happens now. you get something called the scheme of arrangement. you

we know for now, david faber confirmed halted for right now integration work with a proposed deal to be acquired by sab and inbev. >> we'll follow that story. >>> back to apple, colin, in the same building as you. 12 to 24 months from now, investors who don't own this stock, being apple, going to regret it? >> he's actually got some very, very good thesis about why you wouldn't want to own this if you want to beat the index. have you owned -- if you're an institutional investors, owned apple the last year, you're way underperforming. the big risk you've got, i think is, if it's true that apple can turn services around and turn it into a quarter of its business, this stock will outperform, because the margin story of decline is going to end. it's going to stabilize, and the other big piece we haven't talked about yet is china. tim cook pulled his horns in a bit talking about china. >> he did. >> it wasn't an optimistic call. china is supposed to be the growth engine. the question, this quarter, sitting around $100, pile into this name and own it 5% waiting in your portfolio thinking s

i'm carl quintanilla with david faber and jim cramer. the s&p at an all time closing high. earnings season, fed speak, data, ipos and more. europe is higher. stronger pound as the uk has a presumptive new prime minister in teresa may. oil coming off the worst week since february. the road map begins with markets near the all time high as the start of earnings season i can cans off. alcoa tonight. >> twitter will live stream the republican and democratic national conventions. this on the day that the stock gets a downgrade from sun trust. >> you will look here at a live shot of the microsoft worldwide partner conference where they just announced a partnership with general electric. we'll talk to satya nadella and jeff immelt later on. after friday's job report rally the s&p beginning the week within a point of the all-time closing high five points from the intraday high. we head into the unofficial start of earnings season. alcoa set to report. what a day to come back. >> tgs rejuvenating. take a week off. i'm thrilled for the opportunity. thank you, cnbc. italy, amazing. yo

and by the way, david faber and i are friends. >> yes, i would say that's -- >> even if you destroyed- >> that's an underestimate. >> we'll flash that on the screen every time you guys talk. >> they're friends. thank you from twitter saying that you like me. >> i said love. that's why we can't engage with each other. >> that was hiyperbole. >> this is a big week. >> okay. we'll see you tonight. >> i got caught up in the moment of love. "mad money," 6:00 p.m. eastern. we're back in a minute. you've wished upon it all year, and now it's finally here. the mercedes-benz summer event is back, with incredible offers on the mercedes-benz you've always longed for. but hurry, these shooting stars fly by fast. lease the cla250 for $299 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> good tuesday morning, welcome back to "squawk on the street." i'm carl quintanilla, with sarah eiserer, and jim cramer. goldman sachs, johnson & johnson, ibm and netflix, oil, as well, down just a touch. not helping much, dow is down 14. >> here's is the next roadmap in 60 minutes

. >> david faber, should be at this table but he's enjoying vacation. does not mean he's not going to call in. joins us on the newsline this morning. where are you and where are your thoughts on this deal? >> well, my thoughts are i'm very happy. i think a lot of people involved are happy it's the last time we will be talking about the deal potentially guys. i think jim's point is a good one. now about verizon creating this content company that we're watching come together under the leadership of mr. armstrong and others and it will be interesting to see how they integrate yahoo! and those brands and create something that couldn't conservebly will compete for them in the new streaming environment with the go 90 platform and a number of other things they're trying to do. different than at&t they brought direct tv but in terms of coming up with programming so to speak or content they're trying to set themselves apart from their competitors. as for yahoo! guys i mean you know the story. i've been talking about it so long. verizon ended up, did pay a bit mo

david faber and simon hobs live from the new york stock excha e exchange. look at futures as we get started here. we are set up it would appear for a bit of a higher open. european markets how are they faring? let's show you, shall we, as you can see. a mixed bag with germany's dax down but the ftse having a reasonably good day. the 10-year yield we eclipsed 1.6 the other day. where are we? around there. as you can see. hanging around 44.50 on wti and you see brent as well. our road map this morning starts where you expect it to, donald trump, taking an ominous tone in his acceptance speech at the republican national convention. we will bring you the highlights live from cleveland. >> and we have a parade of earnings this morning, stocks moving on those results, everything you need know about the reports. ge, starbucks, at&t, honeywell and a lot more. >> roger ailes is out at fox. what happens next? and what it means for the entire media landscape. >> in his acceptance speech last night at the republican national convention gop nominee donald trump set in t

i'm carl quintanilla with david faber and jim cramer. the s&p at an all time closing high.ason, fed speak, data, ipos and more. europe is higher. stronger pound as the uk has a presumptive new prime minister in teresa may. oil coming off the worst week since february. thed

i'm carl quintanilla with david faber, sara seisen, michael santoli.ility somewhat muted as we juggle adp, m&a in the food space, pepsi earnings and fbi director comey on the hill. europe higher as bank fears subside for the moment. oil is higher on that bigger than expected api draw last night. our road map begins with a major post-brexit deal. danone buying whitewave for $12.5 billio

i'm carl quintanilla with david faber, michael santoli at the new york stock exchange.s morning with the premarket negative gold about $30 away from 1400. lots on the docket including ism services and fed minutes this afternoon. europe looks a lot like

>>> good tuesday morning, welcome to "squawk on the street," i'm carl quintanilla, jim cramer, david faber york stock exchange. the earnings parade is fast and furious, with cat, verizon, mcdonalds. add to that day one of a two day fed meeting. the dnc last night, futures relatively steady. europe is mixed this morning. another terror attack in northern france to watch. oil is lower as more reports suggest

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange. apple is set to add 40 billion in market cap after beating estimates. we'll get to boeing, coke, twitter, panera and more. europe and asia reacting to japan's announcement of 26 yen of stimulus. fed announcement at 2:00, po tus at

carl quintanilla with jim cramer and david faber at the new york stock exchange. pivotal week in politics and the markets. earnings season kicks into second gear. gop convention kicks off president the ecb meets and we watch baton rouge, nice and turkey as well. europe is mixed not reacting much to chinese housing data overnight. macro data back here going to take a back seat to corporate profits. road map begins with b of a beating the street this morning,

i'm carl quintanilla with david faber and jim cramer on the new york stock exchange.hat the busiest day for earnings is this is it. plenty of reports to unpack, software m&a, clinton accepting the democratic nomination, global stocks treading water, europe flat, kee

i'm david faber with jim cramer. york stock exchange on this friday before the july 4th long weekend. carl quintanilla got a start on that weekend, in fact a start all week long, lucky man he is. futures this morning, of course it has been a tumultuous week for the markets and actually that's an appropriate word here. i'm not e

i'm david faber along with jim cramer. we are live from the new york stock exchange.publican national convention in cleveland. where we saw some fireworks again last night and he's going to bring us the latest in just a moment. let's give you a look at futures this morning as we get started here on shows. as you can see we're looking for

david faber and simon hobs live from the new york stock excha e exchange.as we get started here. we are set up it would appear for a bit of a higher open. european markets how are they faring? let's show you, shall we, as you can see. a mixed bag with germany's dax down but the ftse having a reasonably good day. the 10-year yield we eclipsed

good morning, welcome to "squawk on the street," i'm carl kint in a with jim cramer and david faber. of kwans is taking shape, futures much higher, looking past the bank of england aez surprise decision not to cut rates. german dax back above 10 k. bpi up .5, the highest since may of last year. our roadmap begins with the market set to open at those new

i'm david faber and jim cramer we are live from the new york stock exchange.nilla, where is he, live from the republican national convention in cleveland. they're on the floor somewhere. taking a look at futures this morning let's give you a quick look. you can see the markets are set up for what appears to be at least at this point a higher open on the broader averages. european markets where do they

i'm carl quintanilla with david faber at the new york stock exchange, and how sturdy is the rally asp again today, but mildly, and the weeks are more interesting with the earnings, and politics, and bank of england, and jostled with the helicopter money coming to tokyo, a t