faber. but, it all most had that feel to it. it was it was unlike anything i have sort of ever kind of experienced. >> reporter: david faber here to meet a man who took business risks had caught a glimpse of another mcafee. >> i think he likes drama. i think he likes intense experiences. >> josh wa daveua davis met the other mcafee a contributing editor at "wired magazine" and one time nbc consultant. he got to know mcafee after belize police raided the mainland compound looking for illegal drugs. >> i heard abutout this raid on april 30th when the belize police force burst into his compound in the jungle and that struck me as extraordinary. >> reporter: as it turned out the police did not find any illegal drugs at mcafee's compound in that raid. though mcafee was charged with having an unlicensed gun. the fact that police even suspected mcafee of making drugs was intrigueingintriguing. mcafee had been an outspoken tea totaler ever since kicking a drug habit in the 1980s. so davis want to belize to investigate. it was there said

and david faber will bring that to us when "squawk on the street" continues.el about cash back? i would not say i'm into it. but let's see where this goes. [ buzzer ] do you like to travel? i'm all about "free" travel, babe. that's what i do. [ buzzer ] balance transfers -- you up for that? well -- unh. too soon? [ female announcer ] fortunately, there's an easier way, with creditcards.com. compare hundreds of cards from every major bank and find the one that's right for you. creditcards.com. it's simple. search, compare, and apply. [ ice rattles ] >>> we're going to do more on trading tradingnation.com. and more "squawk on the street" right after this. ve affects, say a cloud computing stock you're holding, we can help you decide what to do. with tools that help you see how market activity is affecting your positions. so when the time comes to decide whether to scale in or scale out... you can make your move wherever you are. and start working on your next big idea. ♪ ♪ >>> welcome back to "squawk on the street." 13d monitor active/passive conference and keit

and now right out of the blocks, out of david faber's report, you see altera drop down. and then people start to speculate is activist going to come in? what price is activist going to turn in? they wanted $60 a share. so if an activist comes in, guys are floating around saying maybe it's a $55 number in the stock. which i am definitely in that camp. i think altera goes much higher here. >> faber said it was going to be in the low 50s. >> they have not been good. the last quarter was not great at all. declining margins. morgan stanley on march 30th, i believe, downgraded to stock. so can the stock go up from here if an activist gets involved? absolutely. but there's better places to be. you've got to get dan nathan. good looking guy. >> there's two dan nathans. >> the one you know. last night he talked about in qualcomm what he was seeing. and look at the move today. nobody's going to buy qualcomm, but maybe something's going on there. >> you think intel needs a deal? >> no, actually. i don't think they need a deal. i would actually use this weakness we've had since the

simon hobbs, it's all yurs. >> it's all david faber's next.he ceo of morgan stanley for an exclusive interview after the bank's better than expected quarterly results. the technology changes the design evolves the engineering advances. but the passion to drive a mercedes-benz is something that is common... to every generation of enthusiast. the 2015 dream machines, from mercedes-benz. today's icons. tomorrow's legends. visit the dream machine event today for up to $3,500 towards purchase. >>> good morning, i'm sue herera. here is your cnbc update at this hour. senate reached an agreement to pass the anti-human trafficking bill which has been held up since february. this will pave the way for a vote on loretta lynch's nomination for attorney general. republicans had been holding up the lynch vote until action on the anti-trafficking measure was taken. >> blue bell creameries is pulling all its products from store shelves after two samples of chocolate chip cookie dough tested positive for lysteria bacteria. they distribute their products in 23

we'll get faber's exclusive with jeff immelt. >> apple watch preorders began at 3:00 a.m. lines absent this go-round but online models not available until june or july. what does it mean for sales at apple? >> retail moving in premarket. gap down 2% despite posting stronger than expected march sales. >> stock futures are edging higher here all hail to the power of qe abroad nikkei surging past 20,000 for the first time in 15 years and equities in europe are now at a new record high. >>> we will start with our news of course involving general electric, released this morning at 6:30 a.m. the company effectively exiting the financial services business. something that will take place over the next couple of years, as disposes of many of the businesses within its ge capital and sells those, perhaps a multiple to those businesses or a price to book value. and also disposes of portfolios of assets beginning that actually this morning with an announcement of sale of $26 billion of real estate loans and assets to wells fargo and blackstone. it is a massive move for ge which has bee

i'm carl quintanilla with jim cramer and dave faber. jim took the red eye and premarket is seeing red as the nikkei has its worst day since january. a lot of earnings to get to. oil up 40% from its march lows and the ten-year yield creeping up to almost actually to 2.07 as jobless claims hit a 15-year low. our road map with stock futures in the red. exxon and conocophillips moving some of those stocks. sales force surging on the news it hired advisors to look at takeover offers. more of the apple watch dlis. a defective component to blame. apple announcing another partnership with ibm. we'll get to that in a minute. first up a lot for investors to digest on this final trading day of april. consumer spending up 0.4 last month. claims down last week by 34,000 to 262,000. that's a 15-year low. employment costs up 0.7%. on the earnings front, exxonmobil did top estimates despite a 46% drop in first quarter profit. exxon revenue, i love these figures. last year $106 billion. this quarter, $67 billion. >> you have to understand exxon had good

our david faber is at the nyse with the latest on the story. david?you know the focus now is what all the companies do, now that the deal is no longer happening. nye reporting is focused on time warner cable to large extent. which did expect to no longer be independent. right now it is independent and perhaps will be for some time. although it does appear that charter communications is very much interested in continuing its halted pursuit of time warner cable. that pursuit continued until comcast agreed to acquire time warner cable in february of 2014. and it very well may pick up yet again. it's not expected to be a public offer of any kind. but privately, the expectations are, or i should say expectations are that charter will privately explore whether or not there's a deal to be done for time warner cable. time warner cable for its part will say let's see what the earnings are like next week first of all, they have more cash in their balance sheet. hence you could use more leverage to acquire it the comcast deal was worth about $170 a share at the

thanks a lot, david faber. back to apple this morning.ay, of course, the first day you can walk into a store and actually put on an apple watch. if you can get to one. jon fortt is live at the apple store on fifth avenue in manhattan. what's the reaction so far? >> well, carl, mostly positive. the people who come out on a day like this are going to be the people a lot of them have already preordered and want to actually get a chance to touch what they're not going to get in the mail for several weeks. i did run into a guy in here, though, from north michigan, salt of the earth, he was checking out the watch and said it's not enough for me. i wasn't really impressed enough with it. i said to him, i bet within 18 months, a couple years, price will go down to 199, he goes yeah, then everybody will get it. why are we here on day like this when it's not on sale? there are only a couple companies in technology with the size, with the clout, the brand, to launch an entirely new category. we saw google try to do it with google glass. they failed.

faber is here with more. mr. faber? >> yeah.re speaking of course in the last half hour and joe certainly was talking about the change in this company. and when you go back to the 2001 annual report and you look at it and see what was this company then, the appliances are gone. nbc universal is gone. a lot of other businesses are gone. and oil and gas has become a much larger business. power generation water. >> insurance units are gone. >> insurance, capital, a lot of things. of course part of that was spun. >> the point joe made is there's been a mixed record of the sales in terms of the timing of those sales. >> yes. in fact, that is a question i did put to mr. immel in terms of his buying and his selling. >> i think this gives us a chance to give -- reward our investors that are in it far-- better mix. but i go back dave. you know we invest a lot of rnd every year. we've got good organic growth problems. this is not a company starving itself for lack of growth capital. >> right. but when you make a decision to use the bulk o

that smaller semiconductor plummeted $5 instantly on faber's scoring. then rallied back up to $1 and change because merger rumors never die any more. vampire targets all. which brings me back to oil. for every company thought to have been distressed today, including offshore drillers like transocean and ensco, they all went up. how about these? p devon, eog which my charitable trust owns. pioneer. they took off like they are all next. i don't know. i think this game would have started yesterday if oil hadn't been down so badly. i bet these stocks will lead to you heartbreak. this is a what have you done for me lately market. because i believe these rumored stocks are going to be unrequited i would like to spend time on stocks that got hit unfairly. i don't think you want to hear what went up. i think you want to hear what could go up. first i like some of these retailers that got hit on march numbers. everyone knew it was going to be a weak month because of the terrible weather. why not start with king costco? it had an ever so slight miss. real write n

i'm carl quintanilla with simon hobbs and david faber. cramer is off and sara eisen is in washington. we'll have a series of big interviews including stanley fisher and the eu trust complaint against google and world bank president jim young kim. we wade through earnings from goldman and city. try to hang on to 55 and the ten-year around $1.08. netflix shares poised to open at all-time highs. they did beat expectations. netflix issuing upbeat subscriber guidance for the current quarter. we know what happened to the shares after the bell last night. up 12% to $530 and change. fpr with a price target of $900. i thought that $750 the other day was aggressive. >> i don't know what the implied multiple of 900 is. subscriber growth is what shareholders are most focused on. not earnings per share or anything else. there is no doubt netflix did better than its own estimates and many of the estimates of analysts that follow it. international becoming an important part of this company. the margins over there start looking worse rather than better.

david faber. >>> finally facebook among teens it's still king.urvey by pew research center says facebook still the number one social network among 13 to 17. 71% use the service, instagram 52%, snapchat 41, and teenagers have a phone, 88% have access to one on a regular basis. watching the action on facebook stock, it has been above the 50 day for almost two months. not quite 86 where it was late in march, but pretty nice. >> we have to be very careful about these surveys. you know we were on air whenevers the surveys come out teens aren't using facebook because three teens told some reporter they weren't using facebook any more. a rash of those reports. now reports showing what i believe to be the truth, there is no issue there. if there was they're going to instagram by and large. teens don't tell you the truth either. that's another thing to be aware of as well. >> really? our kids are not there yet. >> not at all but a good sign for facebook. >> i remember not always telling everyone the truth when i was a teenager. >> wow. >> either. but i ne

john legere, david faber, jim cramer on the "squawk alley" set.with john tonight. >> i may adopt a color scene. change my tie at least. >>> apple shares back to the flat line on the back of the icahn tweet. and . . . exhale. .. aflac! and a gentle wavelike motion... ahhh- ahhhhhh. liberate your spine... ahhh-ahhhhhh......aflac! and reach, toes blossoming... not that great at yoga. yeah, but when i slipped a disk he paid my claim in just one day. ahh! so he had your back? yep. in just one day, we approve and pay. one day pay, only from aflac. [duck snoring] big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. >>> tomorrow on "squawk alley," dick coslow of twitter and bill gurley of benchmark. now to headquarters and wopner and the half.

david faber will be here momentarily with the latest breaking developments. our traders tonight are tim seymour, brian kelly, karen finerman and guy adami. google volatile and higher in the after-hour session. guy adami, opex 35% of revenue this quarter versus 37% of revenue in the previous quarter so down. >> that's what tim was talking about. that's the reason. it's hard to find another reason why the stock would be higher other than the fact that it's probably cheap, and other than the fact that i think people sold into this expecting a worse core. typically what happens is you do the inverse of what the stock is doing in earnings and we got this one right. now it's imperative the stock takes out the $600 level-ish that we topped out in 2013 or 2014 excuse me. welcome back karen. >> i think guy hit on it. it wasn't as bad as it could have been or as bad as people thought or as bad as stocks have been reflecting. it's had a real not good run in the last month or so and with the antitrust charges i think that maybe was the final straw for a lot of people so

good monday morning, i'm carl quint nilla, along with jim cramer and david faber.es today ahead of a big week a slew of earnings of course, oil slid a bit early today, then there is the ten-year yield. our road map begins with stocks at all-time records, edging higher ahead of a busy week as we said that fed meeting in a heavy load of earnings. >> speaking of which, apple earnings today, new watch estimates and a harder look at the strong dollar's impact. apple shares though up again at least in the premarket. >> applied materials abandons it's acquisition, shares are slumping, another swing and a miss in chips as regulatory concerns spike another deal. we begin another trading week of course where they posted record closing highs. jim, awfully close to that intraday high on the nas. >> a lot of questions, is it too high? let's use apple as an example. apple has had a big move it's still inexpensive, still plenty of consumer stocks that are more expensive than the traditional tech stocks. and that makes me feel don't talk bubble until it goes over the price of the

. >> look like faber shea eggs. more than 23 minutes long.seeing this process, they can do it on rightthisminute.com, check out today's show or our mobile app or do something easier for easter. the diy easter basket played of candy boxes. >> i like that one. all in for doing this one. >> where's the chocolate bunny. >> from the beauty fashion babe youtube channel. she is adoreabledorable. boxes, easter candy, glue to the lid of a cardboard box, get a couple of string-type pieces of candy like the the handle get edible easter grass. you can even eat the grass that's in there, put your eggs in you've got a little basket you can eat the basket. >> as a kid, it must be fun to break your basket into pieces right, and eat the difference parts of. i think it's cool. >> yes. >> nothing like a coming home video and mom's in the classroom teaching her kids when somebody walks through the door. >> got flowers. >> you didn't do that to me david! oh my goodness i'm so sorry, guys. oh my god. david, he told me he was coming home in december! >> oh. >> in t

one thing i had to learn early on is i wasn't always a big faber -- i don't know if that's a word.s a word. i was not a big fook footballer, but i remember as my posted started to get more action, i would have post that was shared 100 times on facebook and only three times on twitter. i was like well i guess my people are on facebook. it is a matter of seeing what your people are doing. in addition to what the competitors are doing, thinking about what type of conten do your people respond to? what do they love to like and retweet, and you know, just kind of comment on? and then doing more of that. >> you all are doing it remarkably well. nanks so much for your time. it's been great talking with you. >> thank you. >> that was great insight for any entrepreneur. >>> still ahead our next ghost guest knows that having the right stuff season just for guys. >> join the small business revolution and take your business to the next level. fine out how at the black enterprise entrepreneur summit hosted at nationwide, where innovation and capital mooetd. network, and learn how to bran your p

should we get to the faber report? >> let's do it.ve been waiting. >> want to weigh in on this announcement from verizon which we'll have more on. it is yet another signal perhaps of the very rapidly now changing face of the way content is distributed to those who use it in their homes. in this case verizon, if you missed it talking about what they are saying is the new fios custom tv. a number of different bundles of channels that their customers will be able to choose from at various price points including sports or not, including various things they may like. it is yet another signal that the bundle itself as we know it is certainly being challenged. we talked about this and its impact on both those who provide the distribution namely the cable companies, as we call them. i argue that probably needs to be changed to broadband companies, and the content companies themselves. the impact probably larger on the content companies. particularly those that may be in jeopardy being marginalized, some would argue. you can look at viacom scr

i'm carl quintanilla with jim cramer david faber at new york stock exchange.elatively steady premarket this morning as earnings start to hit from bed bad,th, alcoa. oil rebounding after 6% decline. ten year's below 1.9. four-week average is at a new post-crisis low. road map begins with retail results. costco sales, bed bath earnings dis appointappoint but walgreen off to a good start. >> alcoa, the q1 results miss on the top line. profit did beat. shares lower in the premarket. >> greece makes its payment to imf. european stocks at new intraday high. christine lagarde first on cnbc later this morning. but first, david's got breaking news on intel. >> that's right. we want to tell people about the talks that have been going on between intel and altera first reported march 27th, have ended. >> yes! >> in fact without a deal. jim seems to be excited about that. >> i knew it was phony. i knew -- they were talk bug just another -- >> let me give you details. >> just furiates -- >> a march 27th story, intel in advanced talks to by altera that got the stock price up

they can just literally walk away. >> our david faber.for you on this deal and the future of the cable industry. >>> we'll come back with the closing countdown. the nasdaq and s&p trying to close at new all-time highs. you're watching cnbc, first in business worldwide. the lightest or nothing. the smartest or nothing. the quietest or nothing. the sleekest... ...sexiest ...baddest ...safest, ...tightest, ...quickest, ...harshest, ...or nothing. at mercedes-benz we do things one way or we don't do them at all. the 2015 c-class. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. it took tennis legend serena williams, fencing champion tim morehouse and the rockettes years to master their craft. but only moments to master paying bills at chase.com. depositing checks at the atm and transferring funds on the mobile app. technology designed for you. so you can easily master the way you bank. hello. i am here to offer sophisticated investing strategies. my technology can help you choose the ri

again, we had our own david faber reporting that they rejected a possible offer in the low $50 per share range. now, what's that has done is push intel towards the strongest level of the session as well. if you look to the competitors also xilinx talked about candidates for a possible intel deal in the absence of altera. the shares higher as well on the day. interestingly here, because of the rejection, maybe some are looking for, melissa, this way that maybe altera gets another bid from someone else. >> in play now. thank you. looking at the most popular places for a first date starting with number ten, applebees. in-in-out burger chilis olive garden, buffalo wings, wow. who makes the top five? the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. >>> before the break, we sho

dan, how you speak to the fact this police department with the commissioner admitted he wasn't ready faber prepared? how could that be? >> there is a bizarre idea that is pervasive with big city liberal bears we saw it in 1991 with crown heights that people in these types of riots the hooligans or criminals were thugs need to vent and led off steam to destroy. but i have to ask on what? wire restarting the story in the middle? if that is accurate why do they need to vent? because they fall under the of governance of liberal policies. not trying to make a political fight you cannot start the story in the middle. i don't think they were unprepared to think it was the mayor. lou: even the police commissioner said the department was not ready. >> that is accurate but i think he takes on the chin for the mayor. lou: but she i cannot even imagine and she has a career anymore. what has been your reaction as a former police officer? to hear a mayor say that? >> when she comes off with a statement these are young kids that is why she didn't want the cops but then i listened to my president i think

david faber trying to get that out of jeff immelt. he says he likes the company now. wouldn't really go there on the stock price. >> if i was a ceo, i would hope that this move makes me want to like the company. >> he is buying the stock. he clearly likes that. dom on the valuation question. tyler. >> let's switch to the other big stock story of the day. that would be apple, and apple story a day keeps the critics at bay. the apple watch available for preorders today. appointments to check out the watch at apple stores out west just got underway. we've got reporters covering this very significant product launch. john across the river at an apple store. let's get to josh lipton out in palo alto first. josh. >> well, tyler, this apple store in palo alto california just now opening its doors, so giving locals here their first real chance to test drive these watches. remember apple is making two broad selling points with this product. they'll argue this is a finely crafted piece of jewelry. when i was at apple's last big event in san francisco that was a big push that ceo

i'm carl quintanilla with jim cramer david faber at new york stock exchange.onth of april started with a volatile overnight session. s&p future got down to 2036 out of data from china and japan. oil under 40 bucks. ten-year slipped below 1.9 on a weak adp jobs number. >>> godaddy shares pricing above the expected range. we'll talk to the ceo after the first trade. >>> simon properties withdrawing its offer for rival mall operator macerich after it gets rejected like we told you they would. >> walmart holding investor day at nyse putting pressure on suppliers joining the religious freedom debate. >> futures are lower. data from adp showing the private sector added 189,000 jobs last month, a miss. it was a mixed first quarter for stocks. the nasdaq was the big winner up almost 3.5%. s&p up more than .4%. like the nasdaq posting its nintendo consecutive quarterly gain. the dow did finish the first quarter in negative territory after the drop yesterday of 200 points. earlier on "squawk," sam zell believes stocks in fact overprized. >> there's a significant and gro

i'm carl quintanilla with jim cramer david faber at the new york stock exchange. relatively steady in the u.s. but europe playing catch up to yesterday's rally. the gains over there, about 1%. pmis looked pretty good too. oil settling back after rising 9 of the past 11 days. tip year's around 1.91. the first rate hike shouldn't come until the second half of next year. the deal in delivery space. fedex buying tnt express for $4.8 billion. that's a deal that u.p.s. failed at just two years ago. we do have the ceo of fedex coming up in a couple of minutes. >>> speaking of deals, also the largest lbo of the year informatica taken private, $5.3 billion. >> samsung sees profits plunging 30% but still better than what the street was expecting, as apple ramps up the release of the apple watch coming in the next few weeks. >>> first up fedex make ago move to boost its presence in europe. the company agreeing to acquire dutch package delivery firm tnt express for $4.8. the deal comes two years after u.p.s.' attempt was blocked by european regulators. we'll talk with fedex c

i'm carl quintanilla with jim cramer david faber at the new york stock exchange.t trading day of the week as we head into a long holiday weekend. and futures suggest investors might keep their cards close to the vest ahead of the jobs number tomorrow. claims were very nice beat. oil, down about 2%. a bit higher than the session lows. watch the ten-year around 1.87 almost a two-month low. road map begins with the markets and a jobs report on deck. doubts about u.s. growth weighing on stocks but claims come in better than expected. >> mcdonald's joins walmart, gap and target announcing a wage hike for 90,000 employees. the ceo saying it's all about the turnaround. >> europe going big against google. reports the eu is seeking a $6 billion fine. does google in fact have an antitrust problem. >>> futures are mixed after the first trading day that q2 had. saw losses on wall street. oil prices pulling back as investors await the outcome of the ire ran nuclear talks. jobless claims down last week from 20k to 268 near a post-recession low. data coming out of tomorrow's job

david faber reporting mylan is offering a new offer for perrigo. they rejected an offer saying it's just too low. >>> energy again a big story today. crude oil prices fell almost 2% yesterday closing at $55.26 a barrel. today we're sitting at $56.34 a barrel. let's get out to brian sullivan who joins us now from the ihs wheat conference in houston. how is it going down there? >> you know it's going fine. i always love houston, great people, great town, and really there's two reasons we come to conferences. number one, learn stuff. number two, because it's an easy one-stop shop to corner some of the biggest and baddest ceos out there. billionaires, guys running companies, women running companies. they're all here in the energy business. it's a great place to learn and we had an opportunity to sit down with a guy that many consider to be the single smartest guy in the oil and gas industry, rich kinder who is the chairman around ceo of kinder morgan and i asked him about prices. is there a perfect price for crude oil? >> no i don't think there is beca

david faber joining us with more. david? >> with its deal to be acquired by comcast no longer on the table, one of the key questions is what does time warner cable do? the company will be report earnings next week we'll see how good they look and whether or not, of course charter communications, which had pursued time warner cable so much so that it found itself in the arms of comcast eventually will come back to try to do that. charter, for its part finds itself without any of the subs it expected to be taking in. whether through its divestitures through comcast, or whether the eventual deal to acquire greatland, which was a spunoff entity was also something in the cards for charter. with none of those in place and a growth strategy dependent on growing subs through acquisitions, the expectations are that charter very much is interested in acquiring time warner cable. if it does so it's expected to make a private negotiation. it's not going to make it public as it did last time, as it tried to at least publicly solicit supp

there was rumors today i think david faber shot them down that yahoo! looking to buy foursquare for $900 million. when you think about yelp does, they kind of compete on a lot of different levels. what is the value you would assign to yelp and who would buy nem? that's probably why the stock was up. it's down 10% on the year. the numbers keep getting worse so i avoid this one. >> drop for deckers. it's counterintuitive to buy this company in the spring and summer. if you would have bought it last april, you would have garnered a 31% increase in value. if you want to wait until it closes above the 50-day moving average, you can do that as well. >>> lots of talk about the rally in china but tim is taking another look at another country that's seeing some seriously big under the radar moves in the past month to the upside. >> russia, and so emerging markets have had a big run. russia had the biggest run of all of them. it's largely been currency based because there's cheap funding. i think a lot of local corporates are playing this. the u.s. traded names,

that according to dow jones citing sources, of course, our own david faber as we all know, melissa, hasn doing extensive reporting. so an interesting development on this front. back over to you guys. >> thanks,dom, for that news. >>> next, the final second round battle in "fast money" madness. and tonight we're heading back to the big tech space for apple and cisco after beating off the first round. only one big tech stock can move on to the fab four. find out which company moves on and which moves out, after the break. >>> time for our "fast money" madness tournament. 16 tech names compete for the title of "fast money" champion. throughout the competition, we'll have exclusive previews each day on cnbc.com/pro. and tonight our final match in the second round. a big tech battle between apple and cisco. apple has been the clear winner today, up 13%, cisco dropping 2% so far. don't forget, your vote counts too. log on to twitter using #fastmoneymadness. the viewer favorite will count as one vote and it has broken ties in the past. each trader gets 30 seconds. 30 seconds on to the shot clo

should note, i don't know if you heard the comments this morning that david faber ran of his conversationterday with ed garden, of trian who said they support the ceo, who is currently there. but they're going to be watching him like a hawk. what's your read? >> i'm just back from the bank of new york annual meeting a couple of hours ago. i said hello to ed garden and i heard him say, and he spoke for the first time at the annual meeting, saying he supports management. but you know what else he said? he said we expect bank of new york to have best in class performance in each of their businesses. that wasn't management, that was ed garden turning up the heat on management. >> because management has laid out the financial goals, garden and trian are saying you better reach the goals you set for yourself. because we're going to be over your shoulder the whole step of the way. >> exactly. if they stumble, then look out management. but the ceo of the bank 6 new york said you're going to be see benefits in the first quarter results next week. doesn't have long to wait if you're a bank of new y

carl, david faber reporting this morning that there had been some hedge fund momentum in the stock andps this is the company being proactive about that. >> a lot of great guests coming up this morning, the ceo of twitter, dick costolo will join us in the first on cnbc interview to break down what was obviously a pretty tough earnings report for the company. >>> plus later, sacha nodela giving us a flims of microsoft. and he's one the biggest names in venture capital. an early investor in uber, benchmark's bill gurley will join us. ♪ [ radio chatter ] ♪ [ male announcer ] andrew. rita. sandy. ♪ meet chris jackie joe. minor damage, or major disaster, when you need us most, we're there. state farm. we're a force of nature, too. ♪ ♪ ♪ >>> welcome back to "squawk alley" coming to you live if our new home away from home which we celebrated officially last night. the address, one market in san francisco. we're watching shares of microsoft trading down this morning. as the company kicks off what's arguably its most important event of the year. the annual build developers conference. the ceo ta

. >> our david faber is reporting that yahoo is not in talks to acquire foursquare, tech crunch reportedwas in talks to buy the company with a price tag near $900 million. the stock flat on the news at least at this moment. cramer said this would have been a sign that they're in motion. that they're being proactive. would you have liked to have seen this happen? if it is? >> i think that dennis, who is a friend made a good argument lately talking about the tremendous data they have. he did a blog post a few weeks ago talking about how they had 50 million users across the two apps. how they have 65 million places that exist inside the system. seven billion check-ins. i think it's a rich data set. now we've seen a lot of consumer web companies with a lot smaller user bases with a lot less revenue. i assume the foursquare is going to do mid to high double digits, maybe over 100 million in revenue this year. i think there's more than people give it credit for. i think it would have been a good acquisition for yahoo. >> you look at a broad swath of comments on twitter and the idea, i mean the

our david faber has the story and joins us live from a major meeting in new york. >> earnings officiallykickoff this week and a big bank day

. >> i was talking about suburban sprawl to david faber this morning, and he said jim, it's the opposite and i said that's right, that's what don wood has taught us is that you've got these areas that people really want to go back to. >> for sure. >> and you've got the best ones in the country. the midwest just isn't worth it when i look at your -- >> it's not that. look, you have to focus and real estate is a local business so you better be able to have a team on the ground. you better -- it will be close. we believe in the highly -- there's so much education, there's so much population. there's so much affluence in that boston-to-washington corridor. i also love miami, and i hope to be talking about playing a bigger role down there. >> but you're talking about places in jersey that i know that i didn't think could sustain. >> well, we've argued about this in the past. they do. i mean -- >> seger sustains. cherry hill sustains. >> look at shrewsbury. >> it's good stuff. >> you've got all the right properties, all the right people geez, you've done a really great job. it's the best growt

faber made the point earlier this morning, disney broadly laughed at when they paid all that moveny forve to imagine they're going to, it's going to pay for itself soon. >> the franchise is just massive. and i think it's what's fascinating is you know, i grew up on "star wars" and kids today are still fascinate big it. it is evergreen and i think once the movie comes out, it generate more revenue for disney for products and toys. an endless stream of things. you can see the smile on iger's face, he's calculating in the back his head. i think it's going to be huge. >> biggest movie of all-time, i think from a financial perspective. >> biggest? wow. >> i think it's -- look at "furious 7" great film i'm sure, doing so well right now. "star wars" 7? come on, think about the merchandising behind this. it's going to reawaken mass, which has been dormant for ten years as iger mentioned, we know how much merchandising picks up when something is released. they released this back catalog on digital of the previous "star wars" movies, so many different ways to monetize this. >> i think you're righ

the thing about the german submarine commanders is faber said to be, quote garrulous they liked using their wireless they liked chatting over the wireless and i have to think part of it might be because they knew they would be dealing with this amazing loneliness comforting, but they had no clue somebody was listening they had no idea. the german navy was so arrogant to leave their codes would never be broken. >> how hard was that code to break? >> once you have the code book. there are two elements to this as a code book. there are three litter groups. and aspiration, part of the german navy. and use the code book primarily as the first step. and scramble using a cipher. there was a lot of codebreaking and cryptographic circles. it was easy to break that seifert, and how regimented the german navy was in communication with its ships. i don't want to bore anybody with details of this betty essentially if you signal the same white ship every night at 6:00 p.m. you will eventually catch on that this is the light shed and at 6:00 p.m. this message, you know what it is saying so through t

mark faber, editor and publisher of the boom, doom and gloom report. >> we hear from one company that says there's still money to be made from the sms market. find out more after this short break. ss? some say buy gold. others say buy soybeans. i say, buy comcast business internet. unlike internet providers that slow down when traffic picks up, you get speed you can rely on. it's a safe bet. like a gold-plated soybean. reliably fast internet starts at $69.95 a month. comcast business. built for business. ♪ ♪ ♪ (under loud music) this is the place. ♪ ♪ ♪ eir beard salve is made from ♪ ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere. >> staying firm on greece. they keep the pressure on athens to reform and return for funds but he says he won't be compromised. >> asian markets pu

i'm carl quintanilla, jim cramer and david faber. who would have thought caterpillar would be a good standout? futures are relatively weak. oil claims below 300 k for the seventh week in a row. road map begins with caterpillar. reporting a beat strong dollar citing that as part of the boost. some of the blue chip peers not getting the same love. we'll get to all of it in the premarket. >> that strong dollar is cutting into pepsico's bottom line. we'll speak to the company ceo hugh johnson in a couple of minutes. >> facebook has more monthly users than the entire population of china. the mobile ad revenue impressing some on the street. despite that revenue miss, where will the stock open today? procter and gamble quarterly profit in line but sales fell for a fifth straight quarter. currency effects weighing on 3m. caterpillar beating the street. >> we saw construction in the u.s. and north america up. that's the bright spot we have. it's fairly anemic but it's growing. it's getting better quarter by quarter. we see that. we are happy

our david faber has the story and joins us live from a major meeting in new york. >> earnings officially kickoff this week and a big bank day tomorrow. jpmorgan, bank of america and goldman and citigroup. can investors bank on the banks? >> good question. we begin with the biggest retailers. target and gap are under fire for staffing practices. more on this developing story. give us the latest. >> new york attorney general has sent letters to 13 retailers, including jcpenney target and gap and others asking for information and documentation about staffing procedures as it pertains to on call shifts. the new york attorney general said the receives reports about these 13 retailers and specifically wouldn't elaborate further. according to the letter they have phone or e-mail systems set up where employees find out shortly before their shifts whether or not they need to come in. if they are not needed they are not paid. they said reporting for work shall be paid for at least four hours. further, the ag said the scheduling practices make child or elder care arrangements difficult and in addit

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.st chance for the market to react to friday's disappointing jobs number and it has set up some bearish action to start the week. get ready for earnings season as well. alcoa hits on wednesday. oil back above 50 this morning as the saudis raise prices again, recovering from that tumble after the iran nuclear deal. ten-year is below 185, a fresh two-month low. our road map begins with the markets and that disappointing jobs report. bill dudley making some downbeat comments on the economy in the first quarter. >> tesla sales set expectations setting a new record a 55% increase, despite the weak rollout in china. >> and what's missing from samsung's new phone has qualcomm shares moving lower in the pre-market. first up this morning, the march jobs report adding concerns about slow economic growth. payrolls up by 126,000, the fewest since december of 2013. the unemployment rate stood at 55 but average hourly earnings were up 3%. oil prices are on the rise. some analysts believe that iran ex

. >> it's a little bit of financial faber metrics here. >> it is. >> looking at the amount of gain and the percentage of times that they're up. >> there you go. >> thank you very much. >> the world's biggest carmakers out with their latest sales figures and overall they saw a drop in march which had one less selling day than prior month. go figure. february has 28 days. oh, well. strong demand for jeep helping chrysler sales up 1.7%. that did fall short of estimates. ford, a drop. however, that was less than expected. gm's drop was more than analysts had looked for. on the other hand, toyota sales surged almost 5% last month. let's take a look at some of the shares. they are all down about 1%. a little more in the case of swren motors. almost 2% at this hour. manned mandy. >> thank you very much, ty. a major summit underway of investors and top ceos to discuss new opportunities in cuba. now the u.s. is working to establish diplomatic relations with the island. michelle carusa cabrera is at that big gathering. >> hundreds of investors are here interested in talking about how to invest i

well, immelt in an interview with cnbc's david faber said the interest rate environment and regulatory environment made it the right time. starting with the interest rate environment. low rate environment means there are plenty of yield hungs gri buy hungry buyers. and as far as the regulatory environment, in february regulators gave guidelines as to how a company like ge which has been designated systemically important could tually apply for sifi dedesignation. and part of that would be of course shrinking ge capital. again, quite an announcement today. the company affirming its 2018 earnings as well even with ge capital being less those earnings. the buyback expected to help along with growth in the core industrial businesses. aviation water, et cetera back to you. >> this ge shake-up leaving many to wonder about jeffrey immelt's future future. >> let's bring in david nelson and brian langen berg. i feel it's incumbent to point out i have a couple shares, still do from my days when ge owned nbc. it's in my 401(k). david, what do you think? is this the pivot point for this company as

i'm carl quintanilla with jim cramer david faber at new york stock exchange.ernight session. s&p future got down to 2036 out of data from china and japan.

i'm carl quintanilla with jim cramer david faber at the new york stock exchange. futures

i'm carl quintanilla with sara eisen, david faber. cramer is off today. of about 2%. china cracking down on margin lending. concerns about greek debt today. earnings back here. ge honeywell, american express among others. oil settling back after a big week to the upside. the ten year is around 1.89. consumer prices