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

that's hard to follow but we will try. >> welcome david faber. today is the day marking the longest running bull market on record. and it is sort of modest trading. the s&p did turn higher. russell 2000 any gain today there would be a record close for the russell. dow is in the red. >> first off the u.s. course could be nearing an informal deal on nafta. we have the latest on what would be an important development. >> these talks have been going on for more than a year at this point. now the u.s. and mexico are still in the trenches. they have been for weeks. just those two countries, talks have wrapped for today was mexican officials are staying in town. the trade adviser to mexico's incoming president was cautiously optimistic about progress being made but was noncommittal about a deal being announced tomorrow. >> it could be that we finish everything this week. it could be. it doesn't have to be. >> it doesn't have to. >> it could be by the end of next week. >> the significance of the end of next week is that is the deadline to finish a deal b

that's the number you would see we've still got some room to move here. >> 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

a 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

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 i too was skeptica

seen something like a dozen ceos exit companies in the last couple of years we just had david faber on reporting thatciting time in foods. there's lots of things happening. it's very dynamic. but our story is about growth. we're playing in a big market. we have leading brands in our segments, and we can grow. we have great food our ch we've got great foods, a dedicated sales force that's going to work with those customers to earn those spots. we feel as if we have a great story ahead of us. >> thanks for joining us today >> thank you >> i wish we could have some samples. i'm hungry >> wasn't this fun >> thank you i'm back tomorrow. i don't know if anybody else is. >> i'm back tomorrow >> thank you for watching "power lunch. >> and we've got "closing bell" coming up right now. >>> it's time for "the closing bell." i'm wilfred frost at the new york stock exchange. stocks wavering all session long but the nasdaq set for its biggest winning streak of all of 2018 >>> in st. charles illinois, aldi making some big changes to its u.s. operations at the grocery wars heat up we'll hear from the company's ceo a

that being inflation. thank you, mark olson. david faber, back to you >>> thank you, mr. hat to us. now we'll send it over 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 complicate

think about what you can now do in photography on mobile now we're going to do that on video. >> david faberthanks, julia meg, it's been a little while. >> it has been. >> all of those years every quarter. >> on the subject of wireless actually back to technology a bit. your old haunt 5g is coming and it's a ways away i do wonder for a service like this, do you have a vision of how it will enhance it and change it and what you're able to deliver >> i think everyone agrees that 5g will enable video on mobile to look even better than it does today and just for historical perspective, you have to remember five years ago watching mobile -- watching video on the mobile was not a great experience do you remember the bufring and freezing that is largely solved think about what 5g will be able to do in terms of display and sound and instant discovery, there lr powerful things brought to bear. we think it's an element of the wind to our back for this new venture. >> jeffrey, a quick question as well, more from the investment perspective, barriers to entry, if you in fact are correct, as you very well

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's not far from here at the exchange waiting for the latest >> he's expected to appear 4:00 p.m >> but first let's get to those markets. joining us lindsey bell where, investment strategist, and matt cheslock, and rick santelli at the cme group in chicago thank you for being with us today. matt, let me start with you. what should we make of an all-time high in the s&p >> it was waiting to get there with the earnings that came in which were mildly positive across the board we're starting to see a broader based rally we've been expecting

that sound ♪ >>> good thursday morning. welcome to "squawk on the street," i'm carl quintanilla. 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

david faber. david. 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 thatrkansas 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 absolutely on fire etsy is -- i said something where they were cheering at etsy i said they're sticking it to the man! >> stocks set to rally at the open china says now new trade talks with the u

that's proposed. >>> make sure you join us tomorrow now it's time for squawk "squawe street." >>> 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 impor

that sound ♪ >>> good thursday morning. welcome to "squawk on the street," i'm carl quintanilla. 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.

to leave i left because i know my colleague david faber is not a big shopper and i shopped for both of us [ laughter ] >> he's not. >> he doesn't even know thatd in target now. >> i'm only leaving -- >> he said it is he's not miked he said "it is?" >> i heard him on your mike. he's from queens, by the way it's incredible. >> we'll see you in a little bit. thank you. >>> coming up autumn doesn't officially bineg until september 22nd but one fall staple is coming earlier this year. the details next 6,000 feet above sea level. but how do you really know that the beans journeyed to the port of mombasa and across the pacific? that you can trust they're 100% authentic? ibm blockchain. a smart way to track every step, ensuring this coffee did indeed come from 6,000 feet above sea level. and not a foot lower. ♪ ♪ (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim.

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 thatgan 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

that was awesome squawk on the street ♪ ♪ >>> good tuesday morning welcome to squawk on the street. i'm carl with jim at the new york stock exchange. david faber the morning off. futures are up after four days down for is s&p. the 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 t

that's proposed. >>> make sure you join us tomorrow now it's time for squawk "squawe street." >>> good morning and welcome to squawk on the street i'm david fabermer for the entire week for these markets. european markets are also ahead of us, as they are every

that was awesome squawk on the street ♪ ♪ >>> good tuesday morning welcome to squawk on the street. i'm carl with jim at the new york stock exchange. david fabere up after four days down for is s&p. the lonnest losing streak since march. lira