i'm carl quintanilla with david faber and jim cramer nasdaq shooting for six days up.he longest win streak since march. vix the lowest since january europe is solid. oil within a near shot of 70 as the white house imposes sanctions on iran. >>> investors are shaking off the global trade tengszs oil and gas gaining. futures higher s&p closing in on a record >>> could it be the amazon affect carl icann is calling on scrap sigma. >>> and zillow shares tumbling >>> stocks are on track to open higher s&p and nasdaq within 1% of record highs you got oil prizces rising this morning the president tweets the iran sanctions have been cast. they are the most biting sanctions ever imposed anyone doing business with iran will not be doing business with the united states. i'm asking for world peace nothing less and there's a lot of discussion today, jim, about whether or not that ends uptightening supply on oil. >> i think it will, from the point of view, that oil will grow, command for oil will be up this year. it would tighten without if you take away a million barrels a day, you

david faber rejoining me in just a moment.up the day on wall street. when the dust settles dow closing lower by a third of one percent down 87 points at the close. s&p 500 i think williford frost would call it bang on flat, totally unchanged shrugging off the political uncertainty that came from both of trump's former campaign manager and former lawyer being guilty. nasdaq composite did manage to close higher. this is the fifth day in a row. russell 2000 index of small caps closing at a new record high. we will discuss this record bull market and whether there are signs that the rally could be nearing an end. joining us michael santoli and nancy tangler is here from heartland financial. leading the dow exon mobile. on the s&p lowe's was the big winner while century link was the biggest decliner. mike, unchanged, really not too seemingly worried about what is happening with president trump and his legal issues. >> pretty perfect illustration of how the market is kind of shrugging at all of this or at least maintaining a wait an

on the longest bull market in history, peter bafar and david zock and thanks to david faber thatting do it for us on "closing bell," "fast money" starts right now ♪ ♪ >> you what? america is beautiful and so is its stock market it's a day for the history books as it is now official, this is the greatest bull market run ever with no draw since 2009 and the s&p is up a whopping 300%. that means more money for pension, retirement, your pocket and of course, your online brokerage account and as we enjoy in the riches of capitalism two very important questions remain how long can this bull run last and what do you buy at these historic highs pete najarian, what do you say >> there are three points i would like to bring up right out of the gate. we are getting very close. mike said we are going to see some sort of a pullback and when you do, you'll be able to buy that pullback because it's not going to last very long and i do tend to agree with with him, i tend to be more bullish than bearish and i still look at the news every single day and obviously at some point in time i think we can p

have a lot about this one later in the show but this morning, my "squawk on the street" partner david faber made it clear that not one of his myriad contacts gives any credibility to the idea that an $80 million possibility is possible given how much the company is losing. essentially, we're putting too much faith in elon musk. sure, he makes a great car he is a visionary. it's still kind of crazy to think he can put together the financing for this deal. now the potential merge they're has created a chasm between the believers and the nonbelievers the pharmacy benefit manager by cigna. the deal could hang in the balance was carl icahn has no faith in the merger. look, icahn admitted when he talked today that he probably can't block the transaction. he accepts that the shareholders are going to approve it. but he took the extraordinary step of actually using a scatological term to describe the deal itself. normally only use that kind of language publicly when he is arguing with guys like bill ackman i think it is wrong because cigna is paying way too much for express scripts. i have to admit

david faber, back to you >>> thank you, mr. santelli, for bringing that to us.to john fortt for a look at what is coming up on "squawk alley." >>> don't look now okay, go ahead and look. target is up % on earnings, this after walmart has strong earnings that stock jumped up above the mid-90s. ecommerce is weighing in we'll talk about it on "squawk alley. ♪ adults are just kids with much, much better toys. introducing the 2018 c-class sedan, coupe and cabriolet. the thrills keep getting better. lease the c300 sedan for $399 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> coming up later on "the closing bell today," more on manafort's conviction and the cohen conviction >>> and would you let your employer put a microchip in you? we'll talk to a company doing just that. >>> up next, the chairman of target is going to talk to us. "squawk alley" is coming up next see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first,

." >>> good morning and welcome to squawk on the street i'm david faber along with jim cramer for the entire week for these markets. european markets are also ahead of us, as they are every single day, i've noticed. and they're strong, as you can see there. of course, perhaps result of, well, china/u.s. tensions. >> yeah. >> we saw it play out on friday. tensions getting a bit cooler playing out in the markets, as well ten year note yield interesting story in the journal today about what the fed will do in terms of how they're going to actually map out maturities they want to continue to hold once they have done selling but there's a look at the ten year note. >> it can affect the yield curve themselves. >> do they go shorter term they kind of keep it from the treasury itself. crude oil at the bottom there. you can see wti. >> yeah. >> no bottom yet. >> yeah. >> a lot of people felt at 75 it was obviously going to 100 the longer term is clearly positive for oil there's not as much drilling everybody is worried about inventory. we want to think we're important, but we're not >>> we'll

coburn, thank you for joining me, airing thoughts on the debt david faber, back to you >> okay. to send it to jon fortt, look at what's coming up on "squawk alley." >> david, would you rent your car to strangers we have a company peer to peer car rental nine years old, just raised $300 million. find out what they're going to it with some amazing technology, coming up on "squawk alley. ♪ experience the great lengths we go to in testing our performance line. at the lexus golden opportunity sales event. lease the 2018 is 300 and is 300 all wheel drive for these terms. experience amazing at your lexus dealer. why did i want a crest 3d white smile? dinner date. meeting his parents, dinner date. so i used crest. crest 3d white removes 95% of surface stains in just 3 days, for a whiter smile that will win them over. look for a one dollar coupon in this sunday's paper. >>> mike does an unbelievable job with that, having the fabrics incredibly breathable, functional, useful. >> i want to push the needle forward to see the brand seamlessly transition between on the court, off the court >>

. >> thank you >> i'm just told david faber has breaking news.at's going on? >> it's somewhat important it involves the future of campbells soup after the company moved to dismiss its former ceo denise morrisson has been undertaking a strategic review but it's going to be under pressure now because daniel lobe has just filed a 13 d, and perhaps what is more important and perhaps what is going to leave perhaps some warfare in the internal family is the fact that included in his group is a man named draw strawbridge, an older gentleman, a part of that overall durants family he controls roughly 2.5% of the stock. together as a group they're roughly in for 9% of campbells soup and in a detailed filing they make it clear they are hopeful the current tstrategic review will end with the sale of the company. mr. strawbridge looking at perhaps more about the purchase of the current board, mr. lowe looking for an outcome that would involve the overall sale of the company but they've both taken a proxy fight to replace the directors of campbells soup. those

david faber has the morning off. futures are up after four days down for is s&p. lonnest losing streak since march. lira recovers a bit. europe is mixed. gold holding just before 200 road map begins with musk naming names, disclosing the banks and the law firms advising on his bid to take tesla private he says the board forms a special committee. details next the turkish lira bounces back. global markets in the green. carl icon dropping his bid to block cigna's $52 billion deal for express scripts. >>> first up, tesla announcing the formation of a special committee to explore musk's proposal to take the company private. they have not received a formal proposal and haven't reached conclusions on the feasibility of any such deal all current tesla board members are on the committee they do get the amount of k. out as we get a page one story in the times saying that the board was taken aback by the origina tweet. >> i think we have to go back to what mark cuban said yesterday on scott wapner's show this is a man who is not a conventional ceo we keep expecting a certai

i am jon fortt, with me, morgan brennan, david faber joining us, kara swisher a lot to get to this morningbegin with looking at tesla shares off the lows of the session, jpmorgan cutting price target on the stock to 195 from 308 where it had raised the target, following musk's funding secured tweet earlier this month. the firm saying it is reverting to valuing tesla shares on fundamentals alone, giving that to take the company private, funding appears not to have been secured. all of this in the context of debate on short termism, fueled by the president's tweet friday to consider only requiring companies disclose earnings every six months musk looking for disclosure maybe never, at least public disclosure to investors, depending how it is structured who knows. kara, is tesla exhibit a why some in silicon valley may favor reporting less often >> no, no. i think he's just -- doesn't have control of his twitter. i think that's the story there i don't know beyond that i think a lot of silicon valley people want to be public without being public, they would like to control their shares like go

i'm david faber in today for wilfred frost. the s&p 500 hitting an all-time high we'll monitor the market as we close today and see whether we can hold that ally >>> i'm leslie picker in michigan how one auto parts maker is getting caught up in the trade war. ahead how this american company may be forced to move production overseas >>> i'm sara eisen in for kelly evans. would you put a microchip in your hand for your job we'll talk to a ceo that is microchipping its employees. "closing bell" starts right now. >>> welcome to the sleepwalker, david faber, there was a slow walk >> taking my time. >> the s&p hitting a record. first time we've seen that since back in january, january 26th. the dow touching its highest level since february 2nd >> coming up we're going to get details from president richard fisher, and talk about rates and we're also expecting to get more details on that plea deal from president trump's former personal attorney michael cohen. we are of course monitoring the action right there from that courthouse that'

i like what i'm seeing so is it possible the worst is over as i said to david faber this morning, beforeahead of ourselves, will he's check it out. when collins looks at this he likes what he sees not only is starbucks very strong for the past week, the stock has left its june lows in the dust look at that remember those levels? collins thinks they should make a short-term bottom and especially since buyers have pushed them up 14% from its lows and while this is a big, big move he's betting the stock has more room to run i like this bet. why? first of all collins points out they have rallied above its 50-day moving average, okay, so for the first time since may, let's take a look. you see that's the red line. it's now moved above it. the blue line is very positive typically technicians like to buy winners. and when it's above its 50-day moving average, all right, well, then you know, you know it's behaving like a winner it's become something that every technician is looking at so from collins' perspective to see it close above that moving average for several days in a row is a pretty dar

morgan brennan, david faber. we have a lot to get to this morning.th the fed summit at jackson hole fed chairman jay powell wrapping up his speech. steve liesman is there live in wyoming, joins us with his reaction good morning, steve. >> reporter: good morning, jon, thanks very much fed chairman jerome powell in his first speech as fed chairman at the famed enclave in jackson hole, put on by kansas city federal reserve. striking a dovish tone, that's the way the market has taken i want to lead with market reaction, the 210 spread down below 20 basis points. last one was 19.7, 19.9, below 20 basis points first time since 2007 as the ten year fell down i have a 282 reading a few moments ago. what did he say that the market took as dovish, is the market right here i'm going to get to a hawkish comment he made at the end first, let's look at the comments the market is focusing on doesn't seem to be risk of overheating. that's the comment that's -- we're going to get to that full screen later, risk to the economy. he says doesn't seem to be risk of overh

pretty clear story right now does he have secured funding and if so, what's the source of that david faber was reporting yesterday and today and you know he's got extensive contacts on wall street, none of the names or the established sources that you would expect, none of the banks, none of the big players on wall street, none of them know anything about where the funding might be coming from it may be happening. it might be happening through some sovereign wealth fund which has not been contacted or come forward yet. you simply say to the company, where is the information where is the information and right now tesla is not saying a thing >> aside from the sec investigation. he has a duty to make an amendment and let's put that aside. if the board or he doesn't want to comment any further why would aren't they consider then just halting trading as they did briefly when he came out with the original treat instead of just having the market be guessing >> great point great point. >> believe me, that question has come up. we have tried to get clarification as to why they would not do this and

i'm david faber along with jim cramer live from the stock exchange carl quintanilla has the day off.in other places, as well you can see we're set up for a potentially lower open european markets, of course, open for some type a sort of flat last time we looked let's take a loo

pollyanna when it comes to retail because i have not seen walmart this good this is the age of walmart, david faberdavid. david. >> always on the week he's out >> he's not there -- there's david! this was a remarkable quarter. when you go back and forth, do you know how humble they are maybe it is just that arkansas thing. i mean that positively, razor backs. they're just doing what they said they're not pounding their chest like jcpenney did. >> we'll get to that much different story what happened to the argument that amazon's taking their lurch? >> this is the quarter when amazon didn't take anybody's lunch, whether it be cvs, best buy, roku. amazon is out to destroy everyone but it is hard to destroy everyone at once we're seeing bouncebacks all over the place from companies and it is because they do omni channel, because they do digital, because they hire people like chuck robbins at cisco, they figure out to do vm ware to get on the web people are going to azure because they're not subsidizing amazon anymore >> stitch fix. etsy >> she's doing a good job at stitch fix the etsy quarter was just

david faber.hour kevin johnson spoke to jim cramer about the company's new partnership with alibaba in china moments away >>> futures set for a drop as the white house confirms it has asked the u.s. trade rep to consider 25% tariffs on chinese goods. germany down 1.5%. hong kong and shanghai down 2% overnight. 10-year hangs in overnight as the bank of england hikes. >>> futures falling off the president threatens china with bigger tariffs >>> plus tesla's on a tear the automaker set to rally after the open this after promises of a profitable second half >>> rocket fuel for growth in china. starbucks kevin johnson's bullish outlook for their new partnership. jim's first on cnbc interview in a few moments. >>> this morning, futures down sharply as tradeworries work their way again into the markets. the white house confirms the president's looking to raise proposed tariffs on $200 billion worth of chinese goods from 10 to 25. it's sort of been out there in the ether. we know the market tends to absor

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.ures imply another morning of muted intra day ranges for stocks europe's mostly red. 10-year yield down to $2.94 as we get a nice mix of low jobless claims and tame wholesale inflation up .2. no revisions to june tribune and right aid. >> what about the idea of a buy jou rega out regarding elon musk. >>> nasdaq is on a long win streak tribune media has terminated its deal with sinclair, filed a suit against the company for breach of contract. this comes weeks after the fcc chairman expressed concerns about that deal. rightal aid cancels a special shareholder meeting today. no break-up fee there but kind of weird to see two big ones go away on the same day >> neither one unexpected and for very different reasons, i think important. right ate actually may be up given that there has been opposition to the valuation that was being accorded it as a back-end way for albertson's to be taken public. excuse me. it is down we did know, of course, that sinclair and tribune were in deep trouble gi

. >> gents, thank you very much for joining us >> just moments ago our own david faber reporting that don lobe's third point calling for a sale of campbells soup, upping for a stake. joining us on the phone is jonathan from consumers edge research lobe is calling for a sale he's got another large shareholder, what do you think the chances are something finally happens with campbells soup >> of late june i think they're pretty good. and there's a range of strategic options they could undertake but i look at the appointment of an interim ceo keith mclaughlin from the board so abruptly and his actions the options are on the table, and they're going to do something in my opinion and that could be a small tweak to the portfolio or exploring a sale of the entire company >> jonathan, if it was a big sale oaf the entire company, what needs to happen, who are the key players who need to be convinced of that? >> well, there is a family involved here. they go by many different names. they're the second and third generation descendants of in fact the founding father of the campbells soup company

i'm david faber with jim cramer, leave from the new york stock exchange carl quintanilla has the dayff. a look at futures as we open for trading in a half-hour from now, you can see -- what do you think that is? >> mixed >> how about european markets, you ask? were they mixed, as well we'll find out, won't we and the answer is -- yeah, they were mixed. the ftse the biggest loser at this point you can see -- actually, excuse me, italy, the biggest loser ftse and france up 10-year note yield around 2.8% i'm guessing that's where we are right now. not much changing this week. as for crude, it is down after what has been a recent rally -- >> we're trying to figure out if saudi arabia's on or off they bring the deal public, then they have to pump like mad to make the quarter reuters does the story, "new york times" picks it up, says the deal is off. now we hear that the deal is on. >> i did a story yesterday -- >> you were on about 24 hours yesterday. >> they said they were still committed to it. but the focus is on doing that chemical deal, selling a stake of it to iranco, the fourth lar

i'm carl quintanilla with jim cramer and david faber pace of earnings will slow down this week.e'll get a few dozen more reports and one down name in disney norm. europe is slightly red inflation data on thursday and friday the road map begins with a snack and beverage shake up among the most prominent women to lead a fortune 500 company. stepping down as ceo of pepsico. >>> escalading trade tensions are hitting stocks president trump saying over the weekend his tariffs are working big time but chinese state media saying the country is ready for a protractive war. >>> what do buffett and masa son have in common >>> after 12 years on the job, indra nooyi stepping down as ceo of pepsico nooyi will remain chairman until early next year. she said leading pepsico has been the honor of my lifetime and expressed confidence that lagurarta will take the company to new and greater heights in years to come. the ten year held pace with the market until the recent past >> i like to look as a total shareholder return when she became cfo and then ceo. so you're talking about 2000 to now. and t

morgan brennan, david faber. we have a lot to get to this morning.kson hole fed chairman jay powell wrapping up his speech. steve liesman is there live in wyoming, joins us with his reaction good morning, steve. >> reporter: good morning, jon, thanks very much fed chairman jerome powell in his first speech as fed chairman

i'm carl quintanilla with david faber. final week of august begins.utures up after friday's closing high it looks like we may have some news regarding a potential bilateral agreement with mexico. plus, the halo continues europe is solid. 10 year 2.82 road map begins with signs of trade progress futures set to rally at the open the s&p and nasdaq building on friday's record highs. >>> tesla is sinking in the premarket. investors reacting to musk's plans to take it private >>> and possible breakthrough in nafta negotiations an announcement is expected to come within hours. but, first, to the markets this morning. getting a boost on news that talks concluded. an announcement is expected today. futures pointing to a higher open s&p and nasdaq on pace for a fifth straight month of gains as the nasdaq closes in on 8,000 and left with a debate today, mike, whether it's a head fake, a break out, and whether it needs to be ratified with better volume this week. >> you consider it a break out i know people are focussed on the fact not only did you finally get t

i'm carl quintanilla with sara eisen, and david faber at the new york stock exchange.le bit, 13 points to the downside but the s&p is back to 2900. nasdaq record high today along with an amazon record high nasdaq as we said a moment ago having its best august so far in about 18 years let's get to diana olick with spending home numbers. >> pending home sales down 0.7% in july compared with june, according to the national association of realtors, that's a miss the street was looking for unchanged. the index down 2.3% compared with july of 2017 and that is the seventh straight month of annual declines pending home sales are an indicator of future close sales. the realtors continue to blame a lack of supply and serious affordability issues buyers are stepping back as prices continue to rise. the pace of home price gains is moderating slightly but not enough mortgage rates are also considerably higher this summer than they were a year ago although they haven't moved much in the last few months sales are worst out west, pending home sales in the northeast rose 1% for the mon

everybody else >> good friday morning welcome to sidewalk on the street i'm here with david faber. final day of august, it's been a good month for the bulls futures had the losses today u.s. canada trade talks come down to the wire france down a full 10% get to chicago in an hour. begins this morning with stocks strapping amid trade tensions. near historic highs as canada and nafta go down to wire. talks resume this hour plus coca-cola, it's taking on coffee soda and snack giant in a deal to buy uk coffee change for $5.1 billion. >> unstoppable amazon. tech giant closing in on apple now less than 2% from joining the trillion dollar club. >>> last trading day of the month. been a bullish one dow and s&p remain on track. nasdaq could chop up biggest august percentage gain in 18 years. futures set for a weak open. ramping up and today marks deadline for a new trade deal to be secured we expect to see foreign minister any minute with an update on the negotiations interestingly the mail says the talks have sowered in the last 12-18 hours. top of the website is why canada could tell the

i'm david faber in today for wilfred frost.h we'll monitor the market as we close today and see whether we can hold that ally >>> i'm leslie picker in michigan how one auto parts maker is getting caught up in the trade war. ahead how this american company may be forced to move production overseas >>> i'm sara eisen in for kelly evans. would you put a microchip in your hand for your j

i'm carl quintanilla with david faber and sarah eisen. >> starts with those historic highs.g the market rally, promising more good news to come. as stocks set to end a four-day rally. >> will there be a proxy fight for campbell's soup? quote, we lost focus. >>> plus it, it's an interview you won't want to miss becky quick is sitting down with warren buffett probably the greatest single investor in the american stock market's long history. i think that's saying enough there. >> markets are lower this morning on track to break a four-day rally nasdaq on pace for the best august in about 18 years president praises the historic run today. he tweet it is news from the financial markets is better than anticipated. for all of you that made a fortune in the markets or seen your 401(k)s rise, more good news is coming let's bring in phil campreli and mark puey. guys, good morning good to see you. you have to feel good about what at least corporate profits are doing. >> why. >> in comparison, is this trade thing going on in d.c. worth anything or not? >> not really. tightening in the m

i'm carl quintanilla with jim cramer and david faber pace of earnings wil

." >>> good morning and welcome to squawk on the street i'm david faber along with jim cramer for theese markets. european markets are also ahead of us, as they are every

david faber has the morning off. futures are up after four days down for is s&p. march. lira

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.ay ranges for stocks europe's mostly red. 10-year yield down to $2.94 as we get a nice mix of low jobless claims and tame wholesal

i'm david faber with jim cramer, leave from the new york stock exchange carl quintanilla has the daye open for trading in a half-hour from now, you can see -- what do you think that is? >> mixed >> how about european markets, you ask? were they mixed, a

i'm carl quintanilla with david faber and jim cramer nasdaq shooting for six days up.since january europe is solid. oil within a near shot of 70 as the white house imposes sanctions on iran. >>> investors are shaking off the global trade tengszs oil and gas gaining. futures higher s&p closing in on

everybody else >> good friday morning welcome to sidewalk on the street i'm here with david faber.for the bulls futures had the losses today u.s. canada trade talks come down to the wire france down a full 10% get to chicago in an hour. begins this morning with stocks strapping amid trade

i'm carl quintanilla with david faber. final week of august begins. it looks like we may have some news regarding a potential bilateral agreement with mexico. plus, thha

david faber.out the company's new partnership with alibaba in china moments away >>> futures set for a drop as the white house confirms it has asked the u.s. trade rep to consider 25% tariffs on chinese goods.

i'm david faber along with jim cramer carl quintanilla has the morning off.al