i'm david faber.th mischelle caruso cabrera, you can see we're down along the major averages a roadmap starts with in part global reaction. president trump's tough talk on tariffs dominating the market dominating the trade war you have to say it looms. >> yep speaking of possible trade wars, taras could be lifted in a, quote, new and fair agreement is reached by nafta we're going to take you live to mexico city where those negotiations are live under way. >> we have another twist in broadcom's pursuit in qualcomm we'll have that straight ahead first let's get straight to stocks, of course. you saw all three indy sices ari the red. it's concerned the investors is it just trade that's causing the pullback mike santoli is with us at post 9 and he's taking a look at the overall cycle. mike. >> this is the context of the implications of trade, the interest rates, all the rest of it i think the premise coming into this year is we were in the late part of the cycle. you hear about the late market environment

david faber h moore on this failed merger. >> reporter: it was an unexpected end to a hard fought takeover battle in which broadcom has been trying for months to acquire qualcomm n. steps the committee for foreign investment in the u.s. about a week or so ago and last night,h well, delivered the order that will stop the deal. the president also signing that order. and so it becomes a presidentl ree saying that broadcom cannot, under any circumstances acare qualcomm because, according to the u.s. government, there are national security concerns involving broadcom's potential acquisition of qualcomm sh that the national security of the u.s. might be compromised by that deal. as i said it was a deal loninin the m and it was unclear whether broadcom would succeed regardless. but when cfius stepped in a week ago right before the company was about to hold its annual meeting changed it. yesterday we reportedn a letter from consistious to blood come saying you have already violated the interim order we issued or march 5th three different times. if trust is the thing at issue hereti vio that trust

good thursday morning, welcome to "squawk on the street" i'm carl quintanilla with jim cramer and david fabercigna buying express scripts and we're going to talk to david cordani this hour. waiting to see what if anything the president will sign on tariffs. europe is green, ecb unchanged and 10-year remains locked in the 2.8s and today we may get an announcement on tariffs from the white house, including some possible new details on exemptions. >> plus, we do have that relarge deal in health care, cigna buying express scripts as consolidation continues. we'll have david cordani this hour. >>> the ceo of exxon talks about the effects of tax reform and tariffs. more from darren woods is coming up we begin with the deal of the morning, cigna agreeing to acquire express scripts, valued at 52 billion plus 15 billion in debt deal recommendation a 31% premium to express scripts closing price on wednesday as david said we'll talk to cordani in a half hour more vertical interest tgratione space. amazing. >> sometimes you get great irony and barclays is out with a piece calling it a hold, saying that o

david faber, back to you >> okay. thank you, mr. santelli. from now trade tariffs, the economy, a lot more to talk to treasury secretary stephen mnuchin about. he'll be with us on set. and sentencing is about to get under way for shkreli. a g owdewashunr y. don't go away. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. a few years ago, me and my wife was actually saving for a house. but one day we're sitting there and we decided that, something needed to be done about what was going on in our inner-city. instead of buying a house, we decided to form this youth league. these kids mean everything to me and i just want to make sure i give something positive to do. ♪ ♪ wow, that's amazing. that's a blessing right there. to know that someone out there

trump blocked broadcom's attempt to buy rival chipmaker qualcomm citing national security concerns david faberange. david, you telegraphed all of this yesterday when you got a look at the treasury department's letter on this. >> that's right. could have potentially known we've been following this atypical takeover battle for months, then we had the introduction of a national security concern and the cfius investigation. we got an extraordinary letter in which treasury laid out in a not typical fashion all of its potential concerns with this deal followed by yet another letter yesterday in which they said to broadcom you're in violation of the order, the interim order we issued just a week ago cfius stepped in before qualcomm kuz suppo was supposed to have an annual meeting where broadcom felt they were in position to win the majority of electors up for election on the board and enter into a negotiation that would be favorable for it this was pretty stunning regardless and unexpected to a certain extent, for many of us a couple weeks ago it had always been a question, it was one that qualcomm w

our david faber has been following the story and joins us with more. david?this would have been an interesting enough story if it had simply been a takeover battle as the one we were following for so many months in which broadcom and its aggressive ceo were trying to get six directors elected to qualcomm's board of directors. it was only last sunday when advisers and teams from both sides were assembling in saying g -- san diego when like a thunder beebolt we heard from te committee for financial foreign investment in u.s. saying you're not holding that meeting, we may have an issue with this deal that followed, of course, with a letter that we were able to share that was sent by treasury on the fifth of march that detailed to some extent their potential objections to the deal namely this idea, for example, that if broadcom were successful in acquiring qualcomm it would cut the company's r&d and perhaps then impact its overall ability to compete worldwide as 5g, the next generation of wireless services gets implemented throughout the world. and then yesterday

i'm carl quintanilla with morgan brennan and david faber at the new york stock exchange.naged to reclaim 24k but have lost it the last few minutes, obviously, trying to get a break-even quarter that's going to be a lot tougher as oil is behaving, up about 14 cents. some data breaking as well after some this morning. rick santelli has that >> i'll tell you what, chicago is a bit of a disappointment maybe there's a little trade nervousness. university of michigan sentiment survey is no disappointment. 101.4. why do i sound so happy when it was just 102 because the 102 was a mid-month number this 101.4 is the final number in both cases, they are the highest level going all the way back to 2004, january 2004, to be exact because 103.8 from january, any numbers over 100 are going to comp to that these are really lofty numbers now, if we look at the one-year inflation expectations, it actually ticked down from 2.9 to 2.8. if we look at five to ten year, it remains constant at 2.5 carl, back to you. >> all right interesting. thanks, rick rick santelli. our road map today begins

i'm mike santelli with david faber at the stock exchange.ave been girly as we've been in the green red and green again. our road map will begin with the markets with the dow and nasdaq on pace for the worst month in two years. >> facebook announces new privacy controls as it continues to receive backlash over its data breach scandal. the former ftc commissioner who served on the advisory board will join us in a few minutes. >> facebook, amazon, netflix, google, the fang stocks off their worst day ever closer look at some of the tech stocks that are performing >> getting some data on pending homes. let's get to rick santelli rick >> i'll tell you this is some strange data here on february reads for pending home sales look at the headline number, change month over month in percentage terms from national association of realtors you see up 3.1%. boy, that's a big number especially considering last month's minus 4.7 now stands at minus 5. here's the deal. up 3.1 best number since october of last year and anything over 3% increases pretty good but

ain't going to get better >> that's what leads to some of the uncertainty in the heart attack >> david faber, he said what do you want to talk about today through your mad dash. i said there's a survey from bayer talking about how apple ecosystem is strong. tim, really. really no, apple. >> if you're an investor, who do you have more faith in right now? bezos and cook or the democrats and republicans? like i feel like there's some element to this where people are saying these are multinational companies global, enormous xaeps are better finances than the government so if there's going to be b chaos there and you look at how well these companies are being run now and how lean, how much cash and how little need to do crazy things for strategic purpose, i think investors don't have faith that things are going well in washington, but i think they have a ton of faith they're done well in cupertino as well >> that's where the economy is northern california. that's what the investors care about. >> i go out there four times a year because i don't think you're doing your job unless you go out there

they did not choose and even earlier this morning you heard secretary wilbur ross when asked by david faberbout whether exactly any allies would be exempted he said that what the president seemed to announce was that there would be no exceptions and even secretary ross seemed to be scratching his head and trying to fill in some of the details. if the president decided to use yesterday despite the fact there is a lot of paperwork to be done and a lot of fine print to be filled in. the white house has about seven days to turn that around and there will be a lot of people trying to lobby the president in the meantime >> we're going to have our eyes peeled next week, cayla. thank you. >> carl, there's been a fair amount of speculation that if we ever see increased tariffs, targeted terr target tariffs, one country affected is germany and the germany auto industry. in terms of vehicles imported in the u.s., $25 billion in value last year. we do export to germany, some vehicles as well as auto parts but it's far less. total of $6.9 billion. so what do we get from germany in terms of the auto indu

i'm carl quintanilla with melissa lee, david faber at the new york stock exchange.kets holding on to moderate gains. dow is up almost 65. s&p up about 2 busy morning as we reflect on kudlow's ascension to the national economic council. got a lot of data out with philly empire and claims on the tape our road map begins with one of our own heading to washington, larry kudlow taking over at the national economic council. >> plus, peter navarro is going to join rick santelli in just 30 minutes from now >> plus, rolling back dodd-frank, the biggest loosening of financial regulations. >>> first, straight to the big news of the morning. our own larry kudlow named the president's top economic adviser, replacing gary cohn at the white house. steve liesman joins us this morning with more. we all know larry well question now will become how he operates in an operational and political context. >> i think that's a big question, carl here's another question. what does a tax cutter do after the tax has already been cut on cnbc yesterday, larry kudlow, our former colleague, answere

. >> good thursday morning, i'm carl quint neanilla and david faber. cramer aon assignment. the dow down 4% on the month powell is back on the hill and macro data and futures have improved europe still red 10-year close to a three-year low at 1.5 our road map begins with eyeing another day of losses. will powell move the market again this morning >> plus, it's been a tu multiuous 24 hours at the white house. the president's tweets are sending steel stocks higher. >>> jim spoke with salesforce's mark bennyoffand mark plank last night. two important interviews as we enter the first trading day of march after the first month for the dow and s&p since 2016 and in an hour fed chairman powell will return to capitol hill and appear before senate banking to testify on the committee and monetary policy. markets of course sold off after powell's appearance on tuesday when the upbeat economic comments sparked fears of a faster pace of rate hikes. santoli was on squawk earlier and made the point it was more he didn't take opportunities to soften his language when he could have. >> exact

with me, michelle caruso cabrera and david faber.artin shkreli is awaiting sentencing by a federal judge in brooklyn for securities fraud. we're in the courtroom and we'll bring that decision to you as soon as it comes down. and in just a few minutes, u.s. treasury secretary stephen mnuchin will join us right here at post 9. we'll hear what he has to say about the tariffs on steel and aluminum imports and much, much more joining us ahead of secretary mnuchin, let's bring in noted market expert jeremy siegel from the warton business school jeremy, good morning to you. >> good morning. >> so now that you heard what the president had to say about carve outs for canada and mexico related to nafta assuming that goes well and possible exemptions for other countries, what's your take on these tariffs' impact on the global economy? potential impact >> well, i mean, i'm very pleased about these carveouts for mexico and canada. you know, i think we can play tough with china but not our other allies i think this is -- that was a very, you know,

. >> jaim, i know david faber is sitting next to you but what would you do with qualcomm right now? is too cheap. paul jacobs, i don't know, it is a nice thought there is not even a finding for nordstrom. that does not exist. i want to hear what david has to say. give me a break. you own the stock for earnings, it is a priceless asset that the president likes. >> what do you do about nike right now? >> i like trevor >> i do? >> he always has the most to contribute about performance shoes and that's why i like nike this guy is -- he's the reason why you want performance shoe bases. we got to know more. i totally agree with your discussion, we got to know more. >> all right, you had your early call on larry, you spoke to him since it was totally official. i sent him an e-mail >> very exciting, is it? >> i think it is exciting, i do. yeah, we'll leave it at that >> i am proud of him it is great. >> jimbo, we'll see you in a couple of minutes. >> when we come back, we have got more that we are going to talk about what i want to tell you about. don't miss on "mad money" of the ceos of un

questions on how this may affect policies and the markets good morning, i am carl quintanilla and david faber and jim cramer adp did come in strong although q 4 productivity is flat a cohn dip, another white house break up futures do point to a lower opening. >> are we escalating towards a trade war. eu is now threatening tariffs on u.s. products as well. >> netflix boom. market value ils mos more than ford and mcdonald's and closing in on competitors like disney and comcast. gary cohn is leaving the white house. his departure comes as the president plans to impose tariffs on steel and aluminum imports. take a listen to what cohn told us in november >> it is my plan to stay and work as long as i help the president drive his economic agenda a year ago today i didn't think i would be here. for me to tell you where i am going to be four years from now -- i have no idea. >> last summer when we talked to him, he called it a dream job. >> i don't care for long time. he got the president's tax form through and he did a fantastic job. this is obviously an issue of china or something that our country

. ♪ >> good friday morning, i am carl quintanilla with jim cramer and david faber.tocks look to add to yesterday's losses s&p 500 is now down 1% three days in a row. europe is feeling the pain down to 2%. we'll get michigan sentiment in about an hour. yesterday's massive sell-off, the president what he's saying today and how the markets may react, we'll go live in the house. >> autos and airlines, we got more of those names and we'll dig in the curling team is at the big board today, we'll talk with them and throw some stones before they ring the opening bell stocks are selling off off the globe one day after the president announced the plan hours ago, he tweeted when a country usa is losing many billions of dollars on trades, trade wars are good and easy to win. example, when we are down $100 billion with a certain country and they get cute, don't trade anymore, we win big. it is easy if you don't have steel, you don't have a country >> i am not surprised of this. first time i am going to come up with an anti-panic message this is our president who's heavily influe

. ♪ >>> good monday morning, welcome to "squawk on the street," i am carl quintanilla with david faberfutures is steady on that jobs number. we begin with the markets. coming up a huge rally this friday intel entering in the qualcomm and broadcom ring. some big name exits. goldman's blank fine could be out as soon as this year we'll look at the faith of the companies that they leave behind stocks are set to continue their upward momentum after rallying on friday. nasdaq jumped. we are going to have to revisit the news that andrew just brought us and the clarity that may bring to the timing of the announcement or the path of the executive's path >> there were a lot of let's just say confusion on friday about how real this story was and whether something is going to happen sooner rather than later. i know we had mixed reporting on this it is a surprise that someone leaves when they do not get the job? not really there is always been a bank off. there could have been two ceos. when i worked at goldman sachs, they did have two ceos i did not participate as much as i would like to see on fr

out, and the chinese have spoken and asked for more information of the nxpi and qualcomm deal and david faberthat's not the case but they're doing it. i have to tell you, that internally at least you just heard what larry said. >> jim, we'll have to go to the tease. >> i am all over that. >> well, you are wearing a smart suit >> we'll talk more about after this short break because we are a few minutes from the bell. and coming up ne, xtstarbucks' ceo, kevin johnson, live on cnbc and you will meet him. we'll be right back. i'm not a bigwig. or a c-anything-o. but i've got an idea sir. get domo. it'll connect us to everything that's going on in the company. get it for jean who's always cold. for the sales team, it and the warehouse crew. give us the data we need. in one place, anywhere we need it. help us do our jobs better. with domo we can run this place together. well that's that's your job i guess. ♪ >>> welcome back, you are watching "squawk on the street" live from the financial capital of the world where the opening bell is set to ring. just about 50 seconds time we got a soft session in

right now ♪ >>> good friday morning, welcome to "squawk on the street," i am carl quintanilla with david fabernd jim cramer who's back with us. welcome back >> thank you >> s&p trying to pose its first game of the week expect heavy volumes today on options of expirations and rebalancing. europe is mostly green 10-yr is 2.83. our road map begins with the faith of qualcomm. days after the president blocked qualcomm bid plus, once considered a possible candidate to become the ceo, a top nike executive is now out after reports of inappropriate workplace behavior at the company. >> ten years after the bear stearns bail out first up, semiconductor stock is in the news. jim's interview last night qualcomm rising on the premarket of this idea of a buy out which you got news on. >> let's deal with this once and quickly and never discuss it again. >> put a stake in it >> yes let's do that. there was a written communication from paul jacobs until last week or so was the chairman of qualcomm, the founding family of the company in that written communication, he indicated interests in trying to take the com

is next >>> good tuesday morning, welcome to "squawk on the street," i am carl quintanilla and david faber and jim cramer with the new york stock exchange >> now, this news that north korea told the south it is interested with direct talks in the u.s. in potentially denuclearization we begin with the market moving on with good news out of north korea of what it could mean for the future of negotiations >> an extraordinary letter from qualcomm to broadcom i got the details and potential impact far beyond itself >> global reaction, trump's tariffs had companies on edge worried of a potential trade war. as the u.s. women hockey team makes their way to the floor today going to ring the opening bell >>i was at 30 rock yesterday, think they were on "fallon" yesterday. there they were. >> they're targeting you >> i am happy in their company again. >> there you go. >> we'll talk to them in about ten minutes. >> stocks are on track opening higher and building on monday's rally. kim jong-un says he's willing to begin negotiations with the u.s. there are these reports of a meeting supposedly assemble

i am carl quintanilla and david faber. >> rex tillerson is out as secretary of state to be replaced by cia director pompeo. the president heads to california today futures held in there this morning. europe is pretty flat. bond yields did drop slightly on the tillerson's news and the cpi this morning as been in line tillerson out, pompeo is moving to stay. the trump administration block the biggest deal of all time broadcom is not going to be buying qualcomm. and the price target for ge goes lower, $11 over at jp morgan another shake up at the white house, the president tweeted mike pompeo, director of the cia will become our new secretary of state. he'll do a fantastic job thank you to rex tillerson for his service. gina haspel will become the first woman so chosen. congratulations to all >> what does this mean for investo investors? >> well, to me, tillerson again, he's got the steady hands and people who are respected in business community leaving but tillerson is probably may be one of the most respected executives, i never heard anybody saying anything that he represents business

was doctor jacobs voinvolved trying to get this bid kill so he can buy the company himself david fabern unbelievable reporting on this. i do point out that qualcomm stock starts with the sale over morgan stanley because i feel that a lot of people feel they'll do anything to stoc stocstock stock -- it is hard to own stocks because now you got apple risks. if apple is going to get rid at samsu samsung, maybe apple is going to do something with intel to get rid of qualcomm. >> do we like intel in. >> it is the most major expensive company that i follow. >> let's talk about vf corp. there is big brands for them what's your take on it it is down 11%. >> i think nautica's time has come and gone. >> thank you for pointing it out. >> i gdid you know that sleep wr that's nautica sleep wear. you didn't know there is pajamas. i think it is good for vf. they have been a great industry for a trimming brand when they were no longer useful. i think a better narrative for the moment i cannot believe that facebook is not rallied. >> you mentioned banks one name here is still trading cheaply on europea

david faber with details what's going on? interesting afternoon with m&a let's start with nordstrom which rejected a $50 per share offer to take the company private. this potential bid has been in the offing for some time in a press release that hit a few moments ago, nordstrom special committee of board of directors that was set up to receive this potential bid said that it's received it and rejected it. this indicative proposal to acquire the company for 50 bucks a share. the nordstrom family owns 21% overall of the company's shares. clearly the bid would be for what they don't own in conjunction with their partners. 50 bucks not going to do it. you can see where nordstrom is trading. no surprise that wouldn't do it. they say the special committee, that unless the management group is able to promptly and substantially improve the price it's proets posing to pay, the special committee intends to terminate discussions. last year, of course, there had been discussion about this potentially bid but they were unable to find the

good thursday morning, welcome to "squawk on the street" i'm carl quintanilla with jim cramer and david faber and we're going to talk to david cordani this hour. waiting to see what if anything the president will sign on tariffs. europe is green, ecb unchanged and 10-year remains locked in the 2.8s and today we may get an announcement on tariffs from t

. ♪ >> good friday morning, i am carl quintanilla with jim cramer and david faber.esterday's losses s&p 500 is now down 1% three days in a row. europe is feeling the pain down to 2%. we'll get michigan sentiment in about an hour.

." ♪ >>> good morning and welcome to "squawk on the street," i am david faber and jim cramer and scottave a live interview with steven mnuchin on the president on steel and aluminum imports

the announcement could come as soon as this morning as we spoke with david faber yesterday, even oncehey return here and become a u.s. company, this deal still off the table. >>> the world is mourning the loss of a great mind stephen hawking has passed away. he's best known for his insights on black holes, quantum theory, his best selling book "a brief history of time. a description of him said he brought theoretical thoughts and ideas to the masses where it could be understood. i tried to read a portion of it, maybe read the first five, ten pages. he was unable to bring it home to me. >> there was another book after that >> when you think that time and space are related, wraparound each other it's not ever understandable >> he was trying to tie up newton's laws with quantum theory and find there was a unifying theory. >> there was this remarkable life for a guy who basically lived in a wheelchair for -- >> diagnosed at age 21 with als. you're not supposed to live another 50 years. >> and live the life he lived. i found him inspiring. >> absolutely. >> in so many ways he lived a full

tomorrow "squawk on the street" is next ♪ >>> good morning and welcome to "squawk on the street," i am david faberom the new york stock exchange. carl quintanilla has the day off. let's take a look at the futures. we are looking down across the board here dow jones, futures down 116.

it harkins back to david faber and the -- back in the '90s. you know which segment >> not penguins. >> annoying market capitalization comparisons >> annoying aol comparisons. you remember the operative word there. he would pick four u.s. companies that had a combined aol? that market cap went to hundreds of millions instead of hundreds of billions. i'm not on facebook. i understand the eyeballs, 2 billion, 2 billion people, is that 4 billion eyeballs, except for pirates. it's close to 4 billion. maybe a little under 4 billion i understand that you advertise there. but you customize the advertising to the people you try to reach that's stealing private information which is now coming out. the whole business model i don't know about >> i agree >> isn't the advertising just to sell stuff that other people make so here's my -- here's the theory, on twitter i want you, my friends, here are some troubling facebook comparisons you can buy netflix, disney and comcast for less than facebook after the drop yesterday >> wow >> all those assets that disne

good thursday morning, welcome to "squawk on the street" i'm carl quintanilla with jim cramer and david faber weekend and despite solid futures the win streak looks to be in jeopardy. all of the big faang names in focus. 30-year yield falls belo

is next >>> good tuesday morning, welcome to "squawk on the street," i am carl quintanilla and david fabertock exchange >> now, this news that north korea told the south it is interested with direct talks in the u.s. in potentially denuclearization we begin with the market moving on with good news out of

. >> good thursday morning, i'm carl quint neanilla and david faber. cramer aon assignment.4% on the month powell is back on the hill and macro data and futures have improved europe still red 10-year close to a three-year low

faber on the brink of collapse. >> at the conference at the breakers and david confronted him with this question about how a counter-party didn't want to face him on a cds. and he didn't know about it. a deer this the headlights moments. he is actively making deals. he was known for investment. >> abouting and m&a. he is the executive chairman of guggenheim partners. a small investment boutique. their fingerprint, i was looking at lead tables are all over some major deals. scripps tribune, the walt disney, 21st century fox deal. he is actively engaged. >> awful these guys were top dogs at bear stearns at the time of the collapse effectively and they seem to be doing a-okay right now. is it surprised looking back that none of them were charged with anything either by the s.e.c.er by prosecutors? >> two layers to your questions. there were 14,000 employees a lot of them lost their jobs. a lot were wiped out the stock was owned one third by bear employees that was devastating for many. orthopedic bear stearns employees were relatively better off than lehman employees because at least they got taken over boy a universal bank