i'm david faber.t a starbucks in boston a city chosen because ceo kevin jacobson presented yesterday and had news that, well, not being necessarily well received by the market this morning, but we'll he -- we're here with mr. johnson. the stock about to open 4% lower this morning you decreased expectations for same-store sales in the u.s. from 1% in the third quarter you are going to close more stores open, obviously, continue to open others. but look for unpenetrated markets. i guess my first question in listening to you yesterday, seeing your decision increase the dividend and the buy back and reading analyst reports this morning is starbucks a mature company? >> well, first of all, welcome to starbucks it's great to have you here this morning. what we talked about yesterday was something that we have been working on over the last year. which is fundamentally stream lining the company over this last year so we can focus on the most important priorities. and those priorities are going to allow us to

also thought it was interesting when david faber said are you done is this it is this sort of the last of the big news and he said yes. i thought that was very telling from an investor standpoint. we have gotten so much news from them over the last couple of months also the decision to have aviation and power together. technology sharing, ceramics, materials. deeply global infrastructures and it made sense to keep those together and spin off health care so more value could be realizesed in that specific company. >> one wonders, really, when a company of this size is going through a transformation of this sort with a new ceo, when they say it's over, it's not always actually over. especially when you have the sort of global economic shocks, concerns that we're having here with tariffs and how that's going to influence various industries morgan, you cover this space closely. do you think he's factoring all of that in and just feels like he's taking so many hits that it's only up from here or were there enough caveats when he was saying that the changes are done >> i mean, this is what's

our top corporate story, at&t and time warner getting the green light for that blockbuster merger david faberve from the new york stock exchange. david, the sne >> yeah. that's what we've been focused on this morning. as you well know, comcast our parent company expected to unveil a bid for fox assets it has been competing to buy for some time. failed, of course, initially disney winning that bid some time back earlier this year. worth roughly about $28 a share for fox shareholders in disney stock. but comcast continuing to come to play here as we well know having said publicly a couple of weeks ago it would do that but waiting to see what judge leon and the at&t versus the doj case would end up doing. of course with thacision yesterday, comcast feels at though it has gotten the green light to move ahead. dealt with much of the potential antitrust risks that might have been previously. in that company's bid for those assets in question and now we're just waiting we expect to see a bid before the end of the day today from comcast. the question is how high will it be disney's been worth a littl

i'm carl quintanilla with morgan brennan and david faber. at the stock exchange.q this time that is red on some negative news last night out of redhat. >>> our road map begins with paranoid declusions. that's what chinese media says the u.s. is suffering from >> opec reaching a deal this morning. we'll take you live to that meeting in vienna. >> and new eats at chipotle. unveiling a new menu lineup. a look at the company's new strategy straight ahead. >>> first up, the dow looking to avoid its first nine-day losing streak since the '70s as trade rhetoric does heat up. the china daily saying the u.s. is suffering from, quote, paranoid delusions joining us at post 9, pimco's portfolio manager tony, along with credit suisse chief u.s. equity strategist jonathan good morning where do you think we are in this whole discussion? are we watching a white house that's doubling down and is trying to gauge how much pain we sustain versus our trade rivals? >> i think the big question you have to ask is, are we really going to go into a massive trade war? the answer is no in a

michelle ka ruse caruso-cabrerad david faber. broadly weaker today a lot of red on the screen dow down 214 on some lingering trade tensions that's where our road map begins trade tensions sending stocks sharply lower in the first hour of trading dow is posed for a five-day losing streak. >> plus, google's asia play. making an investment in china's second largest e-commerce player just with the partnership means for the likes of alibaba and amazon >> snap co-founder and its ceo, it's the same guy, evan spiegel. he's going to join us live exclusively this hour. >>> first up, though, markets sharply low are with the dow on pace for five straight days of losses for a closer look at trade and the impact on the markets, brian belsky and scott rand. good morning, guys good to see you. both of you guys have been construct identify equities overall for a while, especially in your case, brian. what do you do on streaks like this do you waifor it to come in, and how do you know when that period is coming to an end >> welcome to the summer d

is it under valued >> i thought david faber and jim cramer really have their way with kevin johnson on the call i don't think it helped investor sentiment. schultz who just left as chairman, left as ceo more than a year ago has his air a parents back this stock has been an under performer the last few years it's been range bound. they've been very clear about articulating where the future growth is going to come. that is obviously in china the news this week is that they are accelerating the closure of some under performing stores here the global same store comps were much below what expectations were just about 1% and that here's a company that's been missing their consensus estimates 3 out of the last 4 quarters they need to see some tech investments starting to payoff i think the ex-ceo and founder schultz this is all likely to happen in the foreseeable future so take it easy on our stock a little bit this may stake some time i want to have two quick charts here we have a one-year chart this is going to help inform the trade. the stock really broke down in the mid 50s here and i thi

. >> i am not alone, people are starting to get, i joked about this with david faber. said it is going to get to 175. express scripts is going to go higher hold on to it i like the combination tonight's chart expect to get excitement from cvs wall greens. and if china wants to sell their 1.1 trillion in treasuries, i say bring it on. i'll explain why and all your calls tonight's edition of the "lightning round." stick with cramer. welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com with pg&e in the sierras. and i'm an arborist save up to 15% when you book early since the onset of the drought, more than 129 million trees have died in california. pg&e prunes and removes over a million trees every year to ensure that hazardous trees can't impact power lines. and since the onset of the drought we've doubled our efforts. i grew up in the forests out in this area and honestly it's heartbreaking to see all these trees dying. what guides me is ensuring that the

takes, guys, well have more on that when we come back - yeah, and a lot of atta technique, right david faber with his his take. >> yeah, not affected in a lot of ways. we're both quite nervous as we are got close and certainly relieved there talking about it, what is next and the main thing is going to be of course a fight for fox, that is clearly clearing the way has have said for weeks now to make that bid, and as i reported next week, i'm not sure what time they will do it, but tomorrow what will be a higher cash offer the key there will be what any trust protection they are willing to offer they are willing to offer the same as disney but that sort of is where this story goes from here if is good news for time warner shareholders i would assume cbs they would potentially, and this would go the other way >> david, what about lions kbaet, -- gate or charter, they are in the smaller capital channels, there is a lot of interesting angles here. >> the belief that when fox, new fox is split offrom the fox assets being sold, perhaps there is an option there kelly we will have to see in the medi

i'm carl quintanilla with sara eisen and david faber at the new york stock exchange. diana olick in washington. breaking news on pending homes >> carl, pending home sales in may down, 0.5% for the month down% for the year and that is the fifth straight month of annual losses remember, these are signed contracts to buy existing homes so people out shopping in may, you might have seen the sales of newly built homes rose in may but only in the south where homes are most affordable and reel realtors are pointing to affordability. it continues to hamper first-time buyers and move-up buyers as well as the supply situation which is getting even worse. too few homes for sale home sales fell in all regions of the nation for the year, but monthly they did rise in the northeast and the midwest and slightly in the west but they fell in the south. remember that pending home sales are an indicator of future closed sales in june and july. that's a miss. the street was looking for a slight gain. sales down 0.5%. >> diana olick, thank you. >>> we're going to start with this rebound we

i'm carl quintanilla with sara eisen and david faber. 223,000 jobs in may.wages pretty good. also balancing that with the trade headlines. amazon all-time high let's get to chicago rick santelli has the latest read on ism and construction spending rick >> chronologically construction spending is an april number and that is up 1.8% and i'll tell you what i rarely get excited about construction spending. that's the best number going all the way back to january of 2016 where it was up 1.9% so up 1.8 is stellar number. now let's get to the more contemporary read on may ism that is up 58.7. another very strong number it's about -- almost a half over what we were looking we were looking for a number slightly above 58. that follows 57.3 and it is the best number going back to -- let's see here -- that's the third best number of the year. high 60.8. that was february. and that's the best going all the way back to 2004 there are some internals the employment, 56.3 and that is not a bad number, down just a tad, especially after knowing what today's employment data is

i'm carl quintanilla jim cramer and david faber a central judge clears the way fed decision at 2:00 p.m. eastern fouled by powell's second press conference. futures pretty steady. europe is mixed. theresa may will join us at 11:30 a.m. eastern time. >>> megamergers on the horizon at&t cleared to buy time warner. what will the federal government decision mean? >> and the bidding war for fox the latest details but what we can expect to learn today. >> and a big fed decision this afternoon. what investors need to know ahead of the annt. >>> we start off, of course, with yesterday's decision. not unexpected, certainly, for those in the courtroom durg the actual course of the trial itself but as the days and weeks have stretched on, waiting for judge leon to deliver. certainly there were those that thought maybe the government does have a chance including the guy to the right of me there. >> boy, i was wrong. >> that was not the case 172-page decisn judge leon, jim, made it clear how he feels about the government's case and seemed to indicate why did you bother to bring it and we'll talk abo

our david faber has the story since the ball began to roll and he joins us on the phone good to talkhat's important to know this morning? >> you know, i think, carl, we were talking about this yesterday, in terms of how this will play out. fox has a regularly scheduled meeting on the 20th of this month which could be a good time to figure out what they want to do from here and engage with things from the past and in addition to the $35 all-cash bid and there was certain language over the willingness to engage and talk with the behavioral structural remedy and they'll want to talk about that, but listen, 35 is the roughly $28 that the current disney is worth in its stock and so one would expect that this could very well lead to potentially what we would call a superior proposal, putting pressure on disney, of course, to come back to fox and improve its bid to buy the company and a lot of people have been focused on rupert murdoch and my reporting from previous days and weeks have indicated that murdoch will be quite rational here, unsentimental and certainly would not walk away from a

i'm david faber with jim cramer.e're live at the new york stock exchange carl kwinquintanilla is in chic where we'll have an exclusive interview with mcdonald's ceo steve eastbrook. we're set up for a higher open this, of course, after the strong jobs numbers didn't move the market in a north ward direction on friday. european market, last i looked, were strong overnight. all in the green italy ftse, we'll call that flat the 10-year note yield did move down over the last couple of weeks 2.9. there's a look at crude oil, of course 65.74. >> yeah. let's get to the road map this morning. and it does start with the stock futures you saw. they're pointing to a higher open optimism now seems to be outweighing feerps of a trade war as the investors look to kick off the trading week. plus, trade tensions continue to simmer china talks and without a deal without much at all, really. president trump saying when you're $800 million down, you can't lose a trade war he'll meet with global leaders in canada. >>> and steve eastbroo

we get to david faber who spoke with its ceo, daifvid?> this day long and coming for ge john flannery, his board of directors, from 18 to 12 members. they have been thinking for a long time about how they wanted this company to look as mr. flannery runs it into the future today, we got that answer. health care is the name in the portfolio that is going to be pushed out it's going to be a modernization of roughly 20%, and 80% is spun or split off to shareholders and the health care business will be its own entity it takes with it about $18 billion in debt, pension liabilities, a business with a $19 billion revenue run rate, earnings per share, if you call them that, not earnings per share yet, but earnings that are double digits, low double digits, so it might be -- well, let's call it value to somewhere between 14 to 15 times, giving it, they hope, an overall value of $60 billion to $70 billion for perspective for people the $18 billion in debt, too, remember this was the big announcement today, but not the only one. there's a plan, as we

david faber joins us with the latest >> yeah.f course this is a big deal for disney getting the doj approval agreeing to devest all of the regional networks. let's go through it a bit. it gives them a timing advantage in its continuing battle against our parent company comcast for control of those fox assets. disney has a deal 38 bucks a share. while comcast obviously does not have the deal in hand. from the doj's perspective, perhaps it's not that hard to imagine why this took a very short amount of time at least in recent anti-trust history. just to put it in perspective. this really took six months and thirteen days from the announcement of the deal why? most of the assets are international. you do have two studios coming together and many people made a lot of the fact that market sharewise, the fox and disney studios represent a lot of the box office but the doj apparently looking ate it from the perspective of, hey, there are eight or seven current players. we're either going to seven or six. the barriers to entry don't seem

i'm carl quintanilla with jim cramer and david faber the president arrives in canada soon how well theweets affect trade policies in the months will come we'll have full coverage all day. europe is relatively mixed our road map begins with president trump sounding off on trade as he heads to quebec for the g7 summit. >>> plus, the new face of verizon. that begins august 1st sflnch >>> looking ahead to the judge's ruling on at&t time warner next week we'll get jim's hit down with the head of anti-trust at the doj. >>> futures point to a lower end for a largely positive week for the street endangering the best week for the dow in about three months the trade tensions moving to the forefront as the president travels to canada. he did speak moments ago before departing. take a listen. >> we're going to deal with the unfair trade practices if you look at what canada and mexico, the european union, all of them have been doing to us for many, many decades, we have to change it they understand it's going to happen. >> everybody saw the tweets between macron and trudeau the president said he mi

. >>> shares of disney closing lower by 1.5% following david faber's report that they plan to add casheport follows research downgrading from sell to hold earlier today saying they are stuck in a corner when it comes to bidding assets. >> forced to pay up more, right, nancy? m&a things we talked about a few minutes ago. >> we're going to see more of this in the content space in particular i like the way verizon is playing the deal, just upgrading their own 5g network, not in the content network, but a pipe business, a transporter. we own verizon we are out of disney i think what we do know about analysts is they tend to be decision disappointed and wrong at turning points i don't know it's a good downgrade. >> why are you not in disney >> too expensive for us. we own cheaper comcast >> uh-huh. to get more expensive maybe. >> yes, no, no yeah, so, i mean, we have in the past - >> you like the bids they are making >> yeah. i'm happy with that. i think we'll see. i think we'll see, right >> disney has to add cash in this stage >> no doubt about it disney has to add cash disney has the abi

i'm carl quintanilla with sara eisen and david faber.eatening once again to hit the 24,000 level >> our road map for the hour begins with the fears of a trade war. dow and nasdaq in the middle of a sell-off after coming off their worst week in over two months mark zandy with us in a few minutes. then harley-davidson moving production oversea why the president's trade policy could impact some jobs >> and we remain on supreme court watch. key decisions are pending on the administration's travel ban and a few others, any of which could occur this hour. >> first up, some breaking data. let's get to rick santelli at the cme. >> y thank you, carl our read on may new home sales expecting the number around 670,000. we end up with a bigger number 689,000. and that is up almost 7% 6.7% here's the rub the reason it's up so much in part is because we had a negative revision last month from 662 down to 646 but nonetheless, 689,000 is the highest rate of the year actually the highest rate going back to november and for more color on exactly what it ma

they would waltz in that's not going to happen they either have to pay a lot more or won't get it david faberht there what do you think? the courts can definitively decide the doj is out of line here >> yeah. >> he's not mic'd up >> you doesn't need to get mic'd up >> you have a lot of work today. >> all right >> fed today, ecb tomorrow, how much should you care about either let's bring in bruce kn from jpmorgan chase what's more important, the fed or ecb >> i think the ecb just because the ecb will be more likely to change course here in terms of qe program by the end of thets year that wasn't expected a couple weeks ago. the fed is on track for tightening there's drama will whether they will signal a fourth rate hike close call we think it's likely we they regardless they'll be moving twice in the next year. >> does that scuttle our rally everything is kind of firing on all cylinders. >> i think the fed is responding to a good economic environment it's not moving in a way that is likely to slow it. i don't see a problem in terms of what the fed is doing here. what does that mean for the eco

david faber has details. >> somewhat surprising to a certain extent that fox was up as much as it wasve been talking about what would be a bidding war for weeks now and the expectation that disney would come back and in fact add cash to its bid. the one surprise would be perhaps the timing as i've been reporting at least, there's a process they were expected to perhaps follow where the fox board would meet they might engage negotiations with comcast our parent company. and then go to disney and say this looks superior. what do you got? disney chose to get out in front of it. not allow the board to meet. not allow the negotiations to occur with this bid that is on the high end of the expectations of those advising comcast would have expected. but certainly perhaps within the range. but again at that high end 38 bucks a share a number of things to talk about here in the bid itself because it does differ from the previous one disney was right around $29 or so in an all-stock offer. now the new offer is half cash and half stock so they've really effectively decreased the amount of stock t

stocks are having its best days in three years ceo john flannery speaking with cnbc david faber is here, big day for stocks >> yes, have not seen a day like this also, of course the plan to sell at 62% and roughly stake in baker use as well overtime could be 2.5 to three years before they get rid of all of it. the focus on the balance sheets, significant plan to cut debt by $25 billion the next couple of years and reduce the company's leverage ratio of two below. all that you can see today as sara referenced is at least investors are happeny to hear. and also wonder whether i am part of something having to do with aviation or a split there that clearly was not the case. the company is now powered which is turn around aviation and crown jewels and renewable the ceo says it will fit very well together. he made it clear earlier today that there is not going to be another spin >> are you done? is this it >> we are finished >> is this the g.e. that we'll be sitting here and talking about two years from now >> absolutely. part of the analysis is inside these businesses have a lot of commonali

i'm carl quintanilla with david faber.mer has the morning off the bulls face a new round of trade rhetoric as the president threatens harley-davidson. a historic make over in ge europe is green. home prices up 6.4 in april. road map begins with ge spin-off plans. the industrial giant revealing plans to spin off health care, sell its stake in baker hughes cr ceo john flannery will join us >>> plus, we'll talk, of course, about a day after that sell off. stocks are taking a breather futures are pointing to a flat open. >>> and taxed like never before. the president delivering a warning to harley-davidson about moving production overseas >>> let's get to the news out of ge they plan to unload the ownership in the oil service company baker hughes it's a conclusion of a yearlong strategic review by john flannery ge slashed the dividends shares of the company have tumbled by half in the past year erasing $100 billion in wealth today marks the end of an era at the company. it's officially out of the dow after more than a century

moving on to stock stories, sky is moving lower as you heard from david faber, our parent comcast expected its bid for fox assets later today after a u.s. judge approved at&t's deal to buy time warner fox owns 39% of sky. we're looking at that stock down 1.5% carl, back to you. >> some big moves in media all around thank you very much. >> when we come back a courtas cleared the way for at&t/time warner is a wave of media consolidation ahead and where will it go we will talk to the founder and former ceo of usa networks kay koplovitz with her thoughts. dow up 18. "squawk alley" is back in a moment many small businesses, from kitchens to factories to contractors, rely on their equipment to serve customers every day. when equipment is broken, it means lost revenue. trusted choice independent insurance agents offer special protection that could help replace or repair damaged equipment and provlost business income. they represent multiple insurance companies and customize coverage to help businesses get back to work. announcer: to find an agent, visit trustedchoice.com. comcast,. >>> hi, everyb

what has david faber been covering so well over the last couple weeks >> the media mergers >> do you think it's coincide e coincidence? i don't believe it's coincidence. they've gone up $40 since this whole thing. why is that? i think the reason why everybody wants these fox assets is because they want to get a piece of -- they want a controlling piece of hulu and compete with netflix. they can't do it reed hastings has done such a great job, he's got a five-year head start i think they continue to go. once again trade it. >> they've got global content and improving in their margins and have incredible cash flows but this one shows you all the things you would like to see on a stock that's going higher. amazon's still -- >> can i ask this question on netflix one of the knocks on this disney acquisition of time warner -- of fox, sorry. they're going to spend $3 billion or $4 billion on original content when we know netflix has already told us they're going to spend $8 billion this year and that only goes up every year and that's one of the reasons to be negative on that acquisition no

time in media where there are -- all of these moments of competition for premium assets and our david faberw to maybe provide some insight. >> a little re of course, we were talking about earlier that there was a of murmuring about this we can also confirm, in fact, the doj will approve disney's acquisition of the fox assets. they are going to be expected to divest all of the regional sports networks. that being disney. that's 22 of them, and a significant contributor, by the way, of the cash fw to the overall company. disney has said in its merger agreement, it would be willing to divest all the rsns, and my understanding is at least based on sources close to the doj, that is going to be an expectation or commitment to gee approval but stepping back for a moment, just looking at how quickly this approval has come through. it's very rare that i can remember a deal of this size and complexity getting approval roughly six months from announcement by the doj. the way, they still own will need approval in other markets around the world, including china, but this will put pressure on comcast fro

. >> now, david faber also asked john flannery if this is it, if there are any more surprises that could be coming out of ge, something that we have seen in terms of news announcements in recent months that has helped push the stock down by half over the past 12 months he said we're done yes, we're done. no more, iuess you could s skeletons coming out of the closet, to use my own words. the thinking here is by spinning off health care into its own stand-alone company, you unlock more value for that specific business rather than if it were part of this conglomerate umbrella under ge. the reason he's keeping aviation and power and really renewables, which seems to be its own tier now together is because there are a lot of synergies technologically, in terms of materials that are used, and in terms of install base and just in terms of the global infrastructure from a production standpoint, in terms of baker hughes, how they exit that stake over the next two to three years really remains to be seen. there are different ways they could do that. and then the other thing i would just notes, mel

i'm carl quintanilla with david faber.s face a new round of trade rhetoric as the president threatens harley-davidson. a historic make over in ge europe

carl quintanilla with jim cramer david faber is off today the futures are down as the white house confirms 25% tariffs on $50 billion in chinese goods. china said they'll respond in kind europe is red. no longer sustainable. president says china's trade practices are unfair slaps that tariff on hundreds of chinese goods and threatens more that is spooking stocks. wall street poised to drop at the open >>> at&t completes the deal with time warner but the feds weighing their options >>> the white house announced a 25% tariff on $50 billion of goods on what it calls industrial technologies. trade between our nations has been unfair for a long time. the situation is no longer sustainable said the president he did an interviewwith fox news in the past few minutes. >> we'll do $50 billion on $50 billion of high technology equipment and other things coming into the country. we have the great brain power in silicon valley and china and others steal the secrets we'll protect those secrets. those are crown jewels for the country. >> $34 billion, jim. customs can collect in early july it's about ip a

we welcome to "squawk on the street" with david faber and jim cramer the philly fed comes in with thet in four years europe is red and in advance of opec's decision this week and our road map begins with stock futures pointing to a fixed open as they simmer the eighth straight loss and the nasdaq feelueled by fresh recor >> amid new warnings about the tariff impact on corporate bottom line. >> and targeting cord cutters after it's a time warner win at&t launching some new wireless plans bundled with video going to start out, though, with some breaking news, i'm pretty sure over at intel as brian krhysanich had resigned and that's literally all we have at this moment. >> one would expect that that's inexpect unexpected without a doubt we have to read the release. 2018 will be another record year oh, okay you guys are seeing this, right? yeah as a past consensual relationship with an employee. >> i want to read the release, but this does appear to be related to that. that's too bad brian's done a bad job i see that that's suddenly irrelevant and that's the way the world is >> we'll be t

carl quintanilla with jim cramer david faber is off futures positive now as we turn to cpi in line a two-day fed meeting and at&t ruling europe is slightly red ten year 2.97 as cp circumstance a fresh six-year high. >>> trump and kim jong-un shake hands in singapore >>> futures fly amid a lack of detail >>> and at&t and time warner what it means for media and m & a. the historic meeting between president trump and kim jong-un is in the books. agreeing to pursue denuclearzation. the president confirming that military exercises put on hold for now. the president expressed some optimism about leader kim. >> he wants to do things you'd be surprised very smart very good negotiator wants to dot right thing he brought up the fact that in the past thelogue -- they were never like we were there's anything lwhat has taken place now. they went down the line. the following day the nuclear program continued. but this is a much different time this is a much different president, in all fairness it's very important to me. >> great show on squawk this morning. walking us throughhis. jim, m el-erian s

i'm carl quintanilla with jim cramer and david faber the president asks the trade rep to identify $200 billion in additional tariffs on chinese goods. europe is red. china below 3k for the first time since 2016. flight to safety takes the ten year to 2.87 the trade tumble stocks set to open sharply lower as president trump ratchets pressure on china with more tariffs. >>> china is calling it a u.s.-led trade war vowing to fight back what it will mean for the u.s. companies which have made big investments in china growth. >> right. >> and elon musk's warning to tesla employees saying there's a sab tour within the company's ranks. >>> the president issued a statement saying, quote, i drejted the u.s. trade representative to identify $200 billion worth of chinese goods for additional tariffs at a rate of 10% these tariffs will go into effect if china refuses to change its practices and if it insists on going forward with the new tariffs it recently announced. those tariffs were a response to already some announced by the u.s. some, jim, saying today isn't about trade as much as it is abou

visit directvnow.com ♪ >>> good wednesday morning i'm carl quintanilla with sara eisen and david fabernow, stock exchange. dow up almost 100. 92 just off the initial highs of the session. a lot going on whether it's facebook or twitter or delta warning on q2 earnings >> our road map for the hour starts with trade tension chrs escalating mexico hitting the u.s. with retaliatory tariffs on pork, steel, cheese and other goods. >> the s.e.c. focussing on cybersecurity as cyberthreats on consumers and financial institutions increase. the chairman of the s.e.c. will join us live >>> plus, jobs, jobs, jobs for the first time in 18 years, u.s. job openings now outnumber the jobless. >> let's start with the markets. another rally this morning mixed. the dow is up 85 points. nasdaq is pretty much flat this comes after the nasdaq hit another record high. the world bank issuing a warning saying an escalation of tariffs up to legally allowed bound rates could translate into a decline in global trade flows amounting to 9%. that's similar to a drop seen during the global financial crisis in 2008-09.

welcome to "squawk on the street," i'm carl quintanilla, david faber and cramer will be in new york city the u.s. assistant ag dell rahim, and futures are at record highs and the dow and s&p, and plenty on the tape including dimon and buffett talking to becky quick our road map will begin with the long-term contract for companies to stop issuing quarterly earnings, and zte from wilbur ross breaking the news on cnbc that the u.s. has struck a deal to keep that chinese telecom giant in business. >>> and stock futures are pushing to a positive open and it will be another session of gains as trade fears continue to ease >> two titans of business. berkshire hathaway's warren buffett and j.p. morgan's jamie dimon calling for guidance on quarterly earnings our becky quick talked to both dimon and buffett about taking the longview take a listen. >> the ills and problems of people making short-term forecasts particularly quarterly earnings forecasts, not transparency and not having quarterly reporting and it can often put a company in a position where management from the ceo down feels obligated

even potentially involve a larger break-up or spinoff or divestiture of one of its core businesses david faberon this over the months and even just recently last week so i think investors are looking for even just a couple years out from now, what are the longer-term plans and also that power business, which has been ge's biggest what's the turn around look like there and of course, cash flow, which has been the big issue you've had a number of analysts come out talking about the dividend, whether you could see a cut, a suspension, et cetera >> all right, morgan, thanks very much. morgan brennan on the floor of the nyse >>> chip stocks sharply lower, what that could mean for the sector in the future >>> and as we head to break, take a look at the s&p 500 heat map. more than half the index is now in correction territory or worse. about 20% of the s&p is at bear market levels, down 20% or more. more on the selloff ahead. red a winter weather emergency... extreme risk of burst pipes and water damage... soon, insurance companies won't pay for damages. that is, not if they can help prevent damages

i'm carl quintanilla with jim cramer and david faber at the new yo stock exchange.ures fade just a touch after monday's rally trade headlines among the leads today along with global isms, primaries in eight states. of course, howard schultz on life after starbucks europe is mixed. yields dipped back to 2.9. oil's below $65, lowist since april. our road map begins with the starbucks shake-up marking the end of the era of howard schultz, the architect of the modern starbucks, stepping down as executive chairman. willfee titan now turn his focus to politics? >>> plus, tech's been on a tear. the nasdaq on track for a slightly higher open apple, amazon, oh, and twitter, helping to drive the sector to new records. >>> and super bowl snub. the president abruptly canceling a scheduled white house visit by the philadelphia eagles. the latest volley in the battle over players' protests >>> howard schultz has built starbucks into an empire 28,000 locations but he is stepping down as executive chairman of the coffee chain, effective june 26th the move fueling some speculation h

. >> almost don't matter in terms of the prices willing to be paid because our own david faber is alreadyng that comcast is likely to put out their bid officially for fox as early as wednesday, which will be the day after this ruling. so are you saying that fundamentals don't matter in terms of what people are willing to pay in terms of price tag >> that's not what i mean. i just mean, like, getting into the nuances of whether or not the advertising market will grow by 1% or decline by 1% and whether or not affiliate fee revenues are up or down by a percentage point or two percentage points, those sorts of nuances don't really matter because they're dwarfed by the synergy potential for many of these combinations the industry itself is not just a melting ice cube but a multiing imeltin iceberg and i think there's an appreciation of that but i'm saying that's just not where anyone is focused right now because everyone is in the mix here >> brian, thanks for phoning in. >>> to sue herera we go for some cnbc head looinsz. >> ithere's what's happening at this hour, everyone. nato secretary gen

let's bring in david faber as well who's keeping a close eye all of these moving pieces. of give that contexhe ruling y, why was the vertical merger ruling yesterday so significant to comcast entering a bidding war for fox? >> well, because of the potential that judge leon had with the government and said the combination of content in particular in the case of time warner but also would be the case with comcast which already owned nbd the fox assets would be competitive the ruling we got in particular really a green light to the fullest for comcast to move ahead with the long planned bid. and you saw that today you did see on the regulatory front their willingness to say if the doj wants behavioral or structural remedies, wll at least enter into that conversation with an open mind they are willing to sort of match diss knee on the reverse termination fee. and they have the regulatory blueprint for this, they feel it's better. ul ke i'll keep it brief here. i have a couple of observations reporting over the last months rupert murdoch is a hyper rational person. they say he

. >>> i'm carl quintanilla with jim cramer and david faber we look forward to talking to evan spiegels the dow on track for what would be five losing sessions. rm

i'm david faber with jim cramer. new york stock exchange carl kwinquintanilla is in chic where we'll have an exclusive interview with mcdonald's ceo steve eastbrook. we're set up for a higher open this, of course, after the strong jobs numbers didn't move the market in a north ward direction on

we welcome to "squawk on the street" with david faber and jim cramer the philly fed comes in with theyears europe is red and in advance of opec's decision this week and our road map begins with stock futures pointing to a fixed open as they simmer the eighth straight loss and the nasdaq

i'm carl quintanilla with jim cramer and david faber the dow may avoid the first nine-day losing streakhit u.s. and asian stocks this week we'll get a russell rebalancing. europe is higher this morning. so is oil as opec agrees on a production hike lower than s

i'm carl quintanilla with jim cramer and david faber wages and the markets weighing in along with international announced on thursday. a busy morning in europe new government in spain an

that doesn't mean they know more than andrew ross sorkin or david faber or us. at this point there's no way disney can say -- >> comcast put bob iger in a box. >> to do what? he doesn't have to go above -- >> it's an interesting question of whether he would have to bid over $65 >> why >> first, there's a couple over -- >> over $35 rather i'm thinking $65 billion. there's a couple of interesting issues here. >> regulatory? >> as we know, rupert murdoch for whatever reason seems at least or has seemed predisposed to wanting to be a disney shareholder. wanting to work with that. so if you came in at a bid at 65, at 63, with shares, you could probably get your head around some kind of -- >> that might be okay for rupert and the murdoch family, but they only have a 17% voting stake in this >> then you have -- then you have lots of -- i think potentially a board can recommend a certain bid. >> i'm asking these guys >> 63 billion. >> i'm saying whatever the answer ultimately will be, it doesn't have to necessarily be a straight apples to apples -- >> for me, i would ra

i'm carl quintanilla with jim cramer and david faber the president arrives in canada soon how well thel have full coverage all day. europe is relatively mixed our road map

i'm carl quintanilla with jim cramer david faber is in boston >>> futures solid.ing trade tensions tons of corporate news europe is green. ten year 2.89. a big story we begin with news

i'm carl quintanilla with jim cramer and david faber the president asks the trade rep to identify $200 in additional tariffs on chinese goods. europe is red. china below 3k for the first time since 2016. flight t

carl quintanilla with jim cramer david faber is off today the futures are down as the white house confirmsnese goods. china said they'll respond in kind europe is red. no longer sustainable. president says china's trade practices are unfair slaps that tariff on hundreds of chin

welcome to "squawk on the street," i'm carl quintanilla, david faber and cramer will be in new york cityassistant ag dell rahim, and futures are at record highs and the dow and s&p, and plenty on the tape including dimon and buffett talking to becky quick our road map wil

i'm carl quintanilla with jim cramer and david faber at the new yo stock exchange.rally trade headlines among the leads today along with global isms, primaries in eight states. of course, howard schultz on life after starbucks europe is mixed. yields dipped back to 2.9. oil's below $65, lowist since april. our road map begins wi

carl quintanilla with jim cramer david faber is off futures positive now as we turn to cpi in line a-day fed meeting and at&t ruling europe is slightly red ten year 2.97 as cp circumstance a fresh six-year high. >>