and great reporting by david faber. could we give him a collective shout? nice job. >>> next, why it not feel quite like fall just yet, no need to worry. we're giving you four stock picks you can fall into before the leaves start to change colors. i'm melissa lee, you're watching "fast money" on cnbc, first in business worldwide. here's what else is coming up on "fast." >>> these two are gearing up for their first debate. and here's what it could do to the market. we'll tell you the one group of stocks that could be hardest hit. >>> plus -- that's basically what happened to oil today. on reports opec won't reach a deal next week. and we'll tell you what has one top technician saying this is just the beginning of the breakdown. all that and more ahead this hour. ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. doenough for retire

shares of twitter in rally mode set for its best day and its life as a public company after david faberd they're moving closer to a sale. david joins us this morning with details. >> thanks, carl. it's been about a couple hours since we first shared with the market. of course twitter has received interest from a number of technology companies considering whether to make a bid. the board of directors is said to be largely desirous of a deal according to people familiar with the situation. while twitter may receive a formal bid shortly, it's thus far engaged in conversations with potential suitors who are examining the possibility of a deal and twitter's willingness to engage on that possibility. those suitors are believed to include sales force and google amongst others and there is a list of potential names, though nose i've not been able to confirm are the case. no assurance they'll get a deal to get done here. one person, though, close to the conversations indicated they are picking up momentum and they could result in a deal before the end of this year. this morning after our report

mark faber today with us live from hong kong. let's discuss. josh. >> that's the most bearish 100,000 dow call i've ever heard. >> i agree. >> i don't know. >> i didn't realize the air was so thin in hong kong. >> you have to -- the outfit was well coordinated to our graphics package. >> i like how he laughs while he is saying those things. >> so, look, yes, it was somewhat bearish, but i don't know if he is really calling for dow 100,000, but suggesting that the market could still go higher in this extreme sort of environment that we're in with central bank intervention all around the globe. >> yeah. and what steve said leading into mr. faber was limited risk trade, and from steve's side of the trade, it is limited risk, or small risk. >> markets, by the way, are -- have lost some steam for whatever reason. >> here's the reason. the reason is that from steve's side, again, he is in the minority. i know you say 60-40, steve, but is he in the clear minority because fed funds are saying, what, 10%, 15%? >> yeah, yeah. >> small risk on his side. b

the valley mourning the sc johnson loss of brian faber ... owner the valley mourning the >>> the valley mourning the loss of brine -- brian faber. his record stores are located throughout the valley, tucson, and las vegas. technical institute. the school has closed its campuses all across the country and that includes four locations here in arizona. fox 10's ty brennan has the story. >> reporter: the sign here at this i.t.t. technical institute location says they are going to be closed for the labor day holiday but a major announcement coming today. they are not going to reopen any of their locations leaving lots of students here in concerned about what will happen next. >> no one is here. >> reporter: this current student who did not want us to identify him came to the campus to try to get answers. >> i got an e-mail saying there is some type of situation going on. reporter: the e-mail stating that the college, which has 130 campuses across the nation, including three in phoenix was banned by the federal department students who use federal a

as the story unfolds, stay with cnbc. >>> what do you do with the stock of twitter now that david faber has broken the story of its potential sale to sales force.com, alpha bit, or perhaps several still unknown suitors? well, you got a classic dilemma right now. left to its own devices, twitter should be lower. it doesn't have the growth, and growth is the magic elixer that's required for all tech companies to have high-flying stocks. but i've argued endlessly that if twitter's management simply thought bigger about the company, made it easier to use, it could be so much more than a place for people to banter back and forth. it could be the ultimate customer retention tool. in fact, it could be shy of facebook the best way to get in touch with and learn from and teach customers about your products and what it can mean for them in a totally positive and intelligent way. a culmination of momentumle reporting of what happened in a recent board meeting, critics wondered why any company would want to pay up for twitter with such little growth. why buy this dog? sure enough, my favorite follo

clinically proven to help reduce hunger between meals. >>> remember david faber said nothing imminent, twitter, so be patient if you want something. by the way, speaking of patience, don't trade apple. own it. everyone's freaking out again. i promise to try and find it just for you right here on "mad money." i'm jim cramer, and i will see you monday! ] ashley roberts: culture comes in many forms, from the culture of a nation-- how did they build this? ashley roberts: -- to the way we move, fight-- so essentially, if i pull on this arm, it's going to hyper-extend your elbow. ashley roberts: --- and even to the way we eat. welcome to our indoor vertical farm. rty than anything. tonight we're circling the globe as culture vultures and just soang it all in next on "1st look." [music playing] woman: our cultural journey begins

i appreciate you sticking around for us. >> david faber with that report.oved us to even have this conversation. josh, you're the shareholder. >> yeah. i want more. if we live in a day and time where uber owns no cars and is worth $70 billion and air bnb is worth $30 billion without owning a shred of real estate. i don't want $23 a share. i actually hope that if there are talks that it's very early in the process and, yes, i understand that compensating employees with stock options has been not great, but that can go away when you have a better share price, ala google. that's something that can be fixed. i understand that revenue has been decelerated, but that can go away if google puts its double click ad network and overlays what twitter is doing. i don't think to look at past fundamentals really tells you a lot about what the strategic value could be for twitter going forward in a combination with a more experienced tech giant with a lot of synergies and potential benefits. >> let's bring in mark mahaney right now. he is the analyst who downgraded twitte

i'm wondering if the market in some respects is getting ahead of itself here faber says 30 to 45 days. have we gone too far too fast. >> we would agree. currently it trades around 20 times ebitda and linkedin was originally approached to be taken out around 17 time answer ultimately got taken out at 21 times. once something is broken, the bankers and the companies will look at 30, 60, 9-day moving day averages before the news was broken. and if you look at those averages and put a 40% premium on that you'd get to 25, $26 taken out. that's 3% to 7% upside but the risk that you alluded to at the beginning. show if something came out that a process was busted, was never occurring in the first place drop down to below $18, a 25% drop so we don't like the risk/reward setup. >> sure feels like we're walking toward a deal but you're not convinced it's going to happen. >> yeah, we're unclear is a deal is about to happen but more of what we're trying to quantify is what is the risk/reward for investors and what's the upside. the other thing we pointed out in a note yesterday, what's the board'

meanwhile, they put up 56 in the opener this week in they go up against northern illinois they have the 11 faber. northern illinois doesn't have the speed to keep up. and, it looks like the rays would roll over the old -- orioles. and, it has the rays on a three nothing lead. baltimore scores to in the fourth, -- two in the fourth, and starts the fifth inning comeback so, they win game one >>, and. >>> one last look at weather. >> yes. we have evening showers and storms. tomorrow, near zero chance for rain. so you get it back. >> unbelievable for this time of the year. the we have the top stories on z23ppz zy6z >>> tonight, the sprint to election day starts now. donald trump and hillary clinton barnstorming the battleground states. the rivals nearly crossing paths on a crowded ohio tarmac. their planes right next to each other. clinton calls in reinforcements, and trump reveals his strategy for the big >>> hermine's dangerous surf slamming into the east coast tonight. beaches shut down on this holiday weekend, costing businesses millions. now, a new hurricane on the horizon. >>> president obama

let's goat a couple of follow-ups on the faber report.rting with monsanto which i last reported on tuesday, recall that report i said that they were getting close to a deal. it could be the next week to week and a half call it at that point. and price seemed to be close as well. what i can tell you now is, even closer to a deal between monsanto and its buyer and it is buyer, know not bay er. the aspirin. they pronounce it bayer. i will too. they are going to be the buyer of monsanto. the deal announced as soon as likely at this point to be announced next week and the price which lasts reported at 127.50, confirmed by the companies, may be a bit higher than that, but it will not be 130. so a high 120s is what people familiar with the situation are guiding me towards in terms of an expected price there, perhaps bayer does raise a bit from 127.50. the key here, though, is going to be regulatory issues. of course the scrutiny of this deal will get from regulators here in the united states and perhaps even more importantly in the eu. what spec

hey, anthony, what do you make of what faber was talking about. maybe he wants to join in the conversation. give us your view on this nuds. >> cbs shareholders own cbs because, in part, because it can be more nimble. it's one must have network versus viacom which has a host of networks that have, you know, questionable value and questionable term of value of the long-term. if you are les moonves, you can't do there deal unless it is financially on a valuation basis for doctor bs shareholders, and unless you have a strategic plan in place to turn around these viacom assets. if you do the deal, investors are going to say a lot of the reasons, a lot of the strategic merits of owning cbs now get lost because like an albatross we have a bunch of other networks hanging around your neck. you know, so i think it's a big difference. cbs is holding from a standpoint of we as analysts look at fundamentals. cbs is holding a content engine, and viacom is holding a lot of cable network assets where ratings have been declining and the brand of those assets, the

i'm david faber with jim cramer and we are live from the new york stock exchange.arl quintanilla continues to have what is a very nice week off. we certainly hope. let's give you a look at futures this morning as we get started for trading here on this thursday. after a down day yesterday, not substantially, but down, we are up a bit. interestingly, the averages ended where they began yesterday. it was i guess a quiet august day. today is september, though. how did the european markets fair on the first day of september. whatever happened to italy and spain? come on, guys. but there's germany, france, and, of course, be the uk is the three, the one that was in the red. there's wti crude, continuing to fall now below 45, well below this morning and that 10-year note yield creeping above 1.6% at 1.613. our road map this morning does start with the first trading day of september. if you woke up and didn't look at the calendar that's what the day is. it's a volatile month. what's going to be coming. the apple tax saga far from over. tim cook calling the $14.5 billion t

david faber has an interview with hpe ceo meg whitman at 9:00 a.m. intel announcing spinning off cyber security dwugs. formerly known as mkafi. own 51% of the firm. values it at $4.2 billion in total. one more final deal to report. liberty media buying racing formula one. told you about it yesterday. liberty which is owned by billionaire john ma loan has stakes in several sports entertainment businesses. for now liberty will purchase a minority stake in the motor firm. it will fully take over the whole thing after regulators give the deal the okay. i want to say formula one runs on friend's channel. >> this is what we think with monte carlo and stuff like that. >> cars too. >> i'm thinking of euro sport. i think it's on one of those. >> don't they use formula one cars at indy? i don't know enough about that. i think monte carlo and places around the world they go around the actual street. is cool. >> before i get to stocks to watch. nasdaq hit a new high all-time high yesterday. >> yes. >> dow theory, charles dow, do you know when he lived? >> no. >>

shares soared today after cnbc's david faber reported twitter has received interest from some tech firmssidering whether to make a bid for the social media company. the suitors are believed to include sales force and google. twitter surged 21.5% to 22.62, while alphabet was essentially flat. sales force was off to 70.39. >>> faced for a miscalculation in way it measures how long its videos are viewed. the wall stre" says the tech giant may have overstated ave time by up to 80%. shares fell to 127.96. >>> valvoline made its wall street debut in one of the biggest public offerings. the ceo which operates oil change centers said some businesses are firing on all cylinders. >> we have a strong quick business, and that's ten straight years of same-store sales improvement so we're looking to invest and grow that business and our international business has got excellent potential. relatively small market share, but very strong teams and capabities aroun. >> shares of valvoline finished at 23.10. meantime, apcio had a strong debut. the firm helps companies manage their finances, track spending.

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.st day of the week for macro, retail sales, wholesale inflation, philly fed, we're not done yet. we'll get to all that. europe mixed. bonds are reacting to mostly disappointing data here at home. apple shares up more than 9% this week. iphone 7 models sold out around the world. credit suisse upping iphone estimates and earnings. >>> wells fargo being investigated by federal prosecutors. the latest on the controversy facing the company and what its ceo told jim earlier this week. >>> if you want to watch nfl football tonight. >>> apple shares aiming for fourth straight day of gains up more than 9% so tar this week. company announcing initial quantities of the iphone 7 plus have sold out worldwide ahead of tomorrow's debut in stores. the same goes for the smaller iphone 7s in jet black. also credit suisse boosting estimates for both this year and next. it's led the dow for two straight days. after all that misery having been added in march of last year. >> tim cook came on "mad money" wh

david faber, back to you. >> isle tick it, rick. thank you. >>> coming up, it's "friends" 22 years later. we'll hear from the director of the first episode. much more ahead on "squawk on the street." >>> today marks the 22nd anniversary of "friends" prem r premiering on nbc september 22nd, 1994. we sat down with longtime director jim burrows, who directed the first episode for our digital series "binge." take a listen. >> the year's tv successes, which would not get named? >> maybe "friends." >> there's nothing to tell. he's just some guy i work with. >> come on. you're going out with a guy. there's got to be something wrong with him. >> because? >> seems like an average show, the perception of it. six people sitting around a coffeehouse talking. also there's a problem, they test more now than they've ever tested. they have little dials that they use. they don't like a moment, they turn down the dial, if they like a moment, they turn up the dial. >> like political polling. >> yeah. it's crazy now. it never was in the old days. if they had test

david faber, you saw him, and mike santoli, with us for the morning.ou, guys, for coming in. great to see you both. good to see you guys. >> happy to be here. >> long time. >> this is what it looks like. i forgot. >> still dark. let's look at the u.s. equity futures at this hour. markets did close higher yesterday. yesterday, the dow was up by about almost 100 points. 98 points, building on the gains we have seen. the best two-day and three-day rallies we have seen for stocks since back to july. all of this is coming post fed after the fed decided not to hike interest rates in september. and sounded a little more dovish than some market players had expected. this morning, looking at futures down by about 16 points for the dow, s&p 500 futures off by 4. and the nasdaq down by 5. overnight, in asia, you'll see that the nikkei was down slightly, down by a third of a percent. similar declines for the hang seng. in europe, early trading, slight declines. the cac is down by .3%. finally, look at crude oil prices, crude oil, settled up another 2.2% yesterday,

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange.arkets taking a pause after three days of gains and the best week for stocks since the middle of july. we're going to get some fed speak today as officials begin to make their first comments since wednesday's rate decision. europe and asia down modestly overnight. oil's up four days in a row as speculation builds about a possible deal next week in algie algiers. >>> all right. we're going to start off with breaking news this morning. twitter has received expressions of interest from a number of technology companies that are considering whether to make a bid for the social media company. and its board of directors is said to be largely desierous ofa deal according to people close to the situation. no sale is eminent and while twitter may receive a formal bid shortly, it's thus engaged with suitors examining a possibility of a deal and twitter's willingness to engage on that possibility. those suitors are believed to include salesforce and google amongst other technology companies. while

david faber's press reports did this. what is that about?t's like press reports break the spanish-american war. >> no, it was hearst. >> we'll get countdown to the bell in a couple minutes, a busy week, nike earnings on deck, pepsi, carnival, a lot of housing, a lot of fed speak. we'll talk about all of that after a short break. what powers the digital world. communication. that's why a cutting edge university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 65,000 fans. and why a leading car brand counts on us to keep their dealer network streamlined and nimble. businesses count on communication, and communication counts on centurylink. now that fedex has helped us we could focus on bigger issues, like our passive aggressive environment. we're not passive aggressive. hey, hey, hey, there are no bad suggestions here... no matter how lame they are. well said, ann. i've always admired how you just say what's in your head, without thinking. very bra

. ♪ >>> good tuesday morning, welcome to "squawk on the street," i'm carl quintanilla, with david faberand all back together for almost a month and a half. summer's over, we get back to business, plenty of ama, apple's launch tomorrow, futures are steady. europe's mixed, asia mostly higher, oil coming off the its worst week in two months. summer's over, the jobs report is out and the feds' highly anticipated september meeting 14 days away, even trump is speaking out about rates again. >> it's not a merger monday, it's a take over tuesday. we've got a lot of deals to tell you about, and we're going to break them all down for you. >> finally this morning, apple's big event is tomorrow. we're looking ahead to what infectors should expect, but stocks are set to open higher after the u.s. added 151,000 jobs in august, investors still aer watching the fed, in anticipation of the september meeting and donald trump speaking out on rates in ohio yesterday and sounding quite different from an interview he did on "squawk box" back in may. here's those comments what he said a couple months ago. >>

on a programming note, don't miss david faber exclusive with hp ceo meg whitman. 9:00 a.m. on squawk on the street. >>> intel announcing it will spin off cyber security division formerly known at mcafy. own 51% of the firm. shares of intel inchanged. didn't move on the back of that news. >> another deal to report, liberty media buying the racing business. formula 1 for $4.4 billion. has stakes in several sports and entertainment businesses. purchase a majority stake from a of private equity company. fully take it over after regulators give the deal the okay. share price of liberty reacting hardly to this news. just below flat. not as big here in the states as it is around the rest of the world. preeminent motor sport outside of the united states. >> keeping his role of ceo for now the report says. we'll see. >>> stocks to watch today, pure one is something we're looking at pier one. retailer is forecasting a wider second quarter loss and says same store sales fell more than 4%. we did see a big hit to the stock down close to 10%. cutting full year guidance. retailer of farm

let's bring in david faber. >> this is a real twist. later today, perhaps, as soon as later today we may see national amusements, controlling shareholder of both cbs and viacom present a letter publicly and to both companies, requesting they engage in talks designed to bring them back together. they were separated not that many years ago by sumner redsto redstone. that letter, drafts of which have been seen already, it appears according to sources, is expected again to be delivered. if not later today, perhaps tomorrow or the next day and then it will set off potentially a series of negotiations between the with companies designed to see whether in fact they can actually craft a deal underwhich not just their majority or controlling shareholder national amusements but all of the shareholders would benefit. that would be a key here. special committees of viacom's board, already being set up and going out and finding advisers, and cbs, which has yet to actually set up a special committee, will need to do so on both sides. and then they wi

. >> and twitter is surging on david faber's report, the company is moving closer to a sale. and salesforce and google have both expressed interest in buying. >>> and investors are looking ahead to monday's presidential debate as the next political event that could shake up markets. >> and the fund manager once called the manager of the decade, fairhome's bruce berkowitz. we have an interview about his investments in fannie mae and freddie mac and his take on a potential trump presidency. that's all coming up. let's begin with the potential, impact of monday's debate on stocks. deirdre bosa has some details for for us. >> stay out of the markets after clinton and trump face off on monday. going back to the 1980s, presidential debates have not been good for stock gains and beginning around 2000, that trend became even more pronounced. take the blue chip dow industrials. just twice did that index see positive returns one week after a debate. it was in 2000 when al gore and george w. bush took each other on for the third time as presidential candidates and in 2004 when bush and

i'm carl quintanilla with jim cramer and david faber at the new york stock exchange. busy day ready for apple's product event this afternoon. beige book we react to pershing's stake in chipotle. watch europe over the next hour. carney does testify before the uk parliament. 10-year has settled to around 1.52. api inventories tonight after the bell. road map begins with much anticipated apple event in a few hours. tim cook will take to the stage to unveil what is expected to be a new iphone. maybe more. >> bill ackman betting on burritos pershing square takes a large stake in chipotle shares are up this morning. >> under armor's push in china. kevin going on an asian tour with steph curry. sara eisen is along for the ride. but it is a big day for apple, in just hours from now the company holds its much anticipated product event in san francisco. is expected to unveil the newest version of its iphone and offer a first look at an apple watch. waiting for this for a while. you did work on the apple charts last night. looking at levels it needs to hold. >> i thought the cha

welcome to "squawk on the street" david faber with sara eisen and kelly evans. the august jobs report showing slower than expected payroll growth up 151,000. the unemployment rate held steady at 4.9%. average hourly earnings up 0.1%. let's give you a look at the markets as you can see taking it well as the equity market at this point perhaps pushing off the idea of a fed increase as soon as the next meeting. let's see how european markets are faring and as we do, given that employment number, the 10-year note yield, strong performance for the equity markets in europe and there is a look at a yield that has come down a few basis points. had been above 1.6 yesterday. . crude up today reversing a slide recently. and we'll see how all the equity markets fair. the employment report ahead of the fed policy meeting later this month. ladies? >> the research notes are flying in the inbox already. what are they saying in. >> takes pressure off the fed, forget september, it's not going to happen. here we go again. >> we're in this perverse world where a disappointment on t

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.ed day is here, the decision on rates, the press conference this afternoon. futures are up after minimal movement in stocks over the last couple of days. europe's in the green as global investors digest the bank of japan and their move to more finely control the yield curve. the yen has had quite a rise this morning. our road map begins with fed day, much-anticipated september decision just hours away. will they or won't they hike? >>> the ceo of mylan takes the hot seat on capitol hill today where she'll be grilled on the company's epipen price hikes. what to expect today and the highlights from yesterday's heated wells fargo hearing. >>> shares of fed ex higher after better than expected earnings and raising their guidance. we'll take a look at what drove that quarter. >>> first up, the bank of japan surprising the markets by introducing a zero rate target for its government 10-year bonds in an effort to stoke inflation. the boj saying it will purchase bonds if yields begin to rise,

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.ay good-bye to september and q-3. we wrap up both today with a clear focus on financials. deutsche, the euro, spreads after the worst day for stocks in two weeks, europe lower on pressure from the banks, euro under the same fate. oil taking a backseat for now largely unchanged. road map will begin with what else, deutsche and capital concerns rattling markets around the world. the ceo attempting to calm the waters, will that work today? >> it's not just overseas, of course here in the u.s. wells fargo is back under fire yesterday after ceo john stumpf faced angry lawmakers in the house of representatives. >> and the last day of the quarter, tech leading the rally. what does q-4 portend? but first up, deutsche shares slumping to all-time lows in frankfurt trading taking the european banking sector with it, that's on concerns about deutsche's capital position and reports that hedge funds are reducing their exposure to the bank. the ceo john cryan defending his company in a letter to empl

. >> reporter: david faber is reporting twitter is moving closer to a formal sale process with disney microsoft added to the list of possible suitors. the struggling social media site is said to be entertaining bids. this does not mean it's in formal talks just yet. a possible sale is possibly accelerate in the next 30 to 45 days. who is on the list? facebook is unlikely to have interest in buying the social media site. last week microsoft may consider a take over. and recent moves by twitter into straemg live sporting events have atrabtd attention of disney ceo bob iger. stwirt a treasu twitter is a treasure trove of what customers like and don't like. stock is surging. up more than 26% in the past week. back to you. >> coming up, today's must reads but furs as we head to break here's one you miss feud didn't catch last night's debate. check it out. >> donald was one of the people who rooted for the housing crisis. he said back in 2006 gee i hope i want does collapse because then i can go in and buy some and make some money. it did collapse. >> that's called business. >> 9 million pe

let's not forget the conversation that david faber and i had with a chinese number that was also at delivering alpha. we know that alibaba's stock has caught fire, and here's what cy told us about the chinese consumer. >> this new generation is they are not going to save up all their money. they're going to consume. they have good earnings. wage growth has been very, very good in china over the last ten years. the year-on-year wage growth in double digits. i'm quite positive in the long >> do you know that stock jumped 10 points in that interview? you could hear our entire chat, which was obviously very important to the stock with joe cy by going to delivering alpha.com. what a home run interview. here's the bottom line. for roughly a decade china was the engine that powered.locomotive of global growth. it's now slowed down, and that's had a major impact on most of our exporters, to say nothing of the natural resource companies that became dependent on chinese demand. there's been a number of signs that points to the fact that china could be picking up steam. it's something we are now going to

i'm carl quintanilla with david faber, sarah eisen. cramer is off.utures red but well off the lows of the morning, the worst day since brexit as you know, worst week for the dow since the middle of january. europe and asia playing defense overnight and this morning, plenty of fed speak today driving bonds. and oil has touched the 50-day moving average. our road map begins with that global selloff. futures coming back slightly, but now goldman's out with a new very pessimistic note on the market. >> hp is buying samsung's printer business for $1 billion. we're going to talk to hp inc.'s ceo about that deal in a cnbc exclusive "squawk box," donald trump saying we're in a false market. and janet yellen is keeping rates low because president obama wants her to. we'll have much more from that interview coming up as well. >>> first up though, futures are recovering a bit after this morning's losses following the friday selloff sparked by those rate hike fears. this morning atlanta fed president dennis lockhard saying there's been enough economic improvemen

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.y day setting up on this last session day of the week. oracles earnings miss, cpi, deutsche, cover it top to bottom. europe seeing some weakness on the back of its banks this morning. core cpi hits tenth month of 2% plus year on year and oil at lowest level since august. road map begins with deutsche, shares plunging this morning on news that the department of justice is demanding $14 billion to settle some claims. we're going to take the pulse of the banking industry. >>> the new iphone hit stores today. the lines aren't what they used to be, but does it matter? apple shares up 12% so far this week. >>> and the nfl made its twitter debut last night to some mixed reviews. how it worked and what it means for the future of the company and live streaming. >>> but first up, deutsche bank down sharply in the premarket. the doj demanding the bank pay $14 billion to settle mortgage securities probes related to the financial crisis. the bank's head of communication spoke to cnbc europe this mo

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.o far looks like the mildest premarket we've had in several sessions, futures slightly in the green here. plenty to work with this morning including monsanto on mad last night, ford, uber and more. eu giving state of the union, 10-year around 1.7. oil inventories in 90 minutes. start with a big deal this morning, bayer acquiring monsanto in a $66 billion deal, largest cash bid on record. we have both ceos joining us live in just a few moments. our road map, return of volatility. what investors like carl icahn said how to navigate this market at yesterday's delivering alpha. >> wells fargo's ceo telling jim cramer he will not resign over abuse of account activations. >> apple's new operating system out and update getting mixed reviews. also, tim cook out defending the new iphone 7. the stock saw a nice boost yesterday despite some big losses in most of the market. what will today bring? but first up, futures moving higher after three straight sessions of triple digit swings amid some fa

i'm carl quintanilla with jim cramer and david faber at post nine. several big earnings and of course ongoing investigation into the bombings in new york and new jersey over the weekend. euro positive to start the morning. crude is helping things along after the third negative week in about four. road map begins with fedticipation. investors are gearing up, what you need to know ahead of that decision. >>> j.p. morgan throwing cold water over the excitement over that demand for apple's new iphone 7. what analysts there say is premature. >>> and oracle's larry ellison taking aim at amazon saying his company will offer stiff competition in some key areas like the cloud. we're going to break down that matchup. and later you'll hear from oracle ceo mark hurd at oracle world this morning. but first up, some new developments in the investigation into a bombing in new york city that injured 29 people over the weekend. our morgan brennan is live at the scene in manhattan with the latest. morgan, good morning. >> reporter: good morning, carl. i want you to ta

i'm carl quintanilla with jim cramer skb david faber at the new york stock exchange.ig day for financials and economy as wells fargo ceo goes to capitol hill, again. four fed speakers including yellen tonight. europe's following through on our gains from yesterday. final q-2 gdp 1. just above estimates and oil is flat after that opec induced rally yesterday, the best day since april. road map begins with wells fargo's john stumpf back on the hot seat today as he heads to capitol hill. there were fireworks at last week's grilling. what can we expect today? >> we'll have the latest news on viacom. national amusements is out with that letter saying, hey, cbs and viacom try to get a deal where both of you get together. >>> shares of pepsi getting a boost on earnings this morning. in a few moments we'll talk to the cfo in a cnbc exclusive. but first, wells' john stumpf heading back to capitol hill after being grilled by senators last week on the bank's unauthorized account scandal. in an hour from now he'll appear before the house financial services committee. during q & a

our own david faber saying more suitors have emerged, including names like microsoft and disney. neil doshi, analyst at mizuno securities joins us. a prospect of a deal ordeal ate significant premium from here? >> i am pretty surprised. i'm more surprised that there are, you know, a lot of suitors that are potentially out there at this price and premiums of this price. the company whose fundamentals have been down very significantly. revenue is growing at about 20%, well below what it was about a year ago. user base has stalled. there's definitely concerns around, you know, privacy and other issues that are going on at twitter. so, it is quite surprising to me that there's a number of potential suitors ut there at premiums to where the stock is today. >> neil, correct me if i'm wrong. recently you had a $15 price target on twitter. it's now trading about 50% higher than that. given the skepticism around what twitter is worth -- of course, yes, a lot of analysts have justified their price targets saying it's not worth this much. given that you've gotten microsoft, which paid a bil

. >> now, this morning i was mentioning you in my segment that i do with david faber. he says, would you please ask them where they fit in in the cloud? i'd like to use an example from your website so it's nothing like we're talking out of school. e-trade boosts reliability and performance by using red hat. david will like this -- walk people through what happened in e-trade that made them better and more efficient and happier with -- their customers happier with them because of red hat. >> so i think it's -- whether it's e-trade or whether it's a large number of other customers that we have. >> you have a lot of financials. >> we do a lot of financials. if you look at our verticals, it's financials. it's tech and media. it's public sector. it's health care. >> you have cambridge university. you have some really good -- community as they look at how they're going to do their i.t. environment and stand-up clouds. that enables them to be much more efficient both in the cost of their i.t. infrastructure as well as the output as far as what they can provide. >> we can't se

that follows our own david faber's reporting friday the company is moving closer to a sale, seeing interestjosh, they do go through a bunch of metrics, engagement, new mobile uniques and that's just arguing that's not worth 20 times. is that the common view? >> you know, i think it's a real question right now where twitter is going to find new growth and usage. there's a hope the push towards live, the video content, nfl, the debates with this great commentary alongside it are going to bring a lot more people into the platform, but it's still an open question. >> julia, is there where twitter's growth problems start to catch up to revenue? what's the discussion at ad week going to be like around twitter's potential as a platform from here? >> well, i think the real question is advertisers have other places to go. twitter is really staking its future growth on this issue of live streaming, and i think there's going to be a lot of interest to see what happens not just with the nfl live streaming, but all the other sports deals they have coming up, and the question is, when you have so many op

david faber, you saw him, and mike santoli, with us for the morning.ys, for coming in. great to see you both. good to see you guys. >> happy to be here. >> long time. >> this is what it looks like. i forgot. >> still dark. let's look at the u.s. equity futures at this hour. markets did close higher yesterday. yesterday, the dow was up by about almost 100 points. 98 points, building on the gains we have seen. the best two-day and three-day rallies we have seen for stocks since back to july. all of this is coming post fed after the fed decided not to hike interest rates in septembe

gloom, boom and doom, marc faber says the dow could hit 100,000, but at some point, the market will runf steam. he'll join us live. >>> and another big name as well, mario gabelli is here. viacom is one of his top holdings. they cut the defensive dent. the interim ceo is leaving. what does gabelli think about the whole thing? we'll ask him. >>> and will the fed surprise everybody today? it's a big hour on "halftime," noon eastern. see you in about 15 minutes. >> sounds good, scott. let's get to the cme group, rick santelli and "the santelli exchange." good morning, rick. >> good morning and thank you, kayla. well, i got a lot of e-mails between about 1:00 a.m. eastern and 2:30/2:45 a.m. eastern. of course, the latter was the comments by the japanese regarding what they had done earlier in their monetary policy meeting. to me, the only way to kind of consider what's going on is to think that the fix is in in fixed income. they want to fix the ten-year. their jgb, japanese government bond, they're sovereign at zero to steepen their yield curve. so, let's ponder this. let's look at their t

our david faber is working the phones and he'll update us in just a few minutes. when we come back, an exclusive with the imf managing director, christine lagarde. she'll join us next live on "squawk alley" with sara eisen in a moment. the experts at cdw t i.t. orchestration to a global outerwear manufacturer, allowing them to handle the recent popularity boom in fanny packs. it's pretty fly. unless being '90s is your thing. well, cdw and hpe services gave them the flexibility they needed to scale up their scale up their cloud resources, making sure supply meets demand. poser! [ classic ringtone ] what's crack-a-lackin'? hey, did you remember to set the vcr? increased flexibiilty by hpe services. i.t. orchestration by cdw. narrator:kubo: est place come on, this way.e... narrator: ...is in the forest. kubo: wow. narrator: so grab your loved ones monkey: don't even. narrator: and explore a world of possibilities. kubo: it's beautiful. narrator: visit discovertheforest.org to find the closest forest or park to you. >>> coming up today on the halftime report, the anal

david faber referred amazon relative to tesla and people have compared amazon to alibaba, and it couldn't be further from the truth. amazon was a free cash flow machine in 2002 and always has been. this is the exact opposite of that. it is just burning cash in a dramatic rate. >> we'll make that the last word. we appreciate you being here, delivering at alpha and stopping by and happeninghanging out wit >> my pleasure. >> be well. >>> "halftime report" back after this. now that fedex has hped us simpli our e-comrc we could focus on gger iues, like o passivereive we're not passive agsive. hey, hey, hey, ere are no b estions here... no matter how lame they are. well said, ann. i'velways admirehow u st say what's in your head, without thking. brave good pnt ted. you're living prf thatlooks. thanwelcom so, fedex lped simplify our e-commerce business and this is nonoa paive ai just wantoay,onon you guys are dng a great job. and this is nonoa paive what'shat suosed to me? dex. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's im

david faber reported moments ago, you can add microsoft to the mix of companies looking at twitter. it's interesting, because we were -- we actually sort of made fun of guy. >> all of the time. >> more so than normal. >> you've been a seller of twitter. >> yay, look, i don't see it. i don't see the practical application. i think it would be a reach and them trying to get some sort of defense to the cord-cutting phenomenon. the aspect of disney buying them, show me the reason and use especially if the valuation doesn't make sense. if they paid 26 bucks for twitter, let's just make an assumption on that, and dan and i were having this conversation last week that, would represent roughly 5.5 times revenue, i think. 20 times ebitda, almost exactly what microsoft paid for linked in. they're two entirety different companies. they're on different playing fields. so i don't believe anybody is going to come, especially media, and take this company down. >> you actually proposed viacom. so also in the media space. >> i said media company needs to own this and just a question -- if disney, you

what is new is what our own david faber had reported. that is not enough is done at this particular board meeting, then activists could be lured in. it could be a good target for an activist? >> it's a situation that any activist would have to tread very carefully on. i think if there was an activist that was very constructive and had a long time horizon, i think that could help a lot. that said, it's not an easy situation, because twitter kind of has to figure out what it wants to be. are they going to be a really powerful and important niche medium, or what they aspire to be? >> it sounds like the two major catalysts that have been talked about regarding twitter, you're basically saying it's either unlikely, or the for sale, that's also unlikely. what i do you have a buy rating on the stock right now? >> when i look at the underlying value, i believe strongly that this is the fourth most important seller digital advertising on the planet outside of china. that position isn't going to be seated any time soon. so when you look at it, jus

in an interview with david faber in june, simons argued that the dualing political stances don't affect> bob has his opinions, peter has his and i have mine, but it doesn't having anything to do with work. >> given that renaissance's equity fund is up 15% year to date over four times the average hedge funds, it would seem to be a fair point. >> what a high profile split. fascinating. thank you. kate kelly. would you guys have a problem with that? maybe it's a good thing. diversified. >> i go back to the old days, co ceo partners. i don't think so. i think especially a firm like that where they're letting the programmers make you the money. >> exactly. >> i think charlie monger and b warren buffett are politically diversion. >> somewhat. >> i think they are. >> i don't know. catch more by the way from the hedge fund heavy hitters, global investors and political player cnbc hosts our sixth annual delivering alpha conference this tuesday, september 13th. should that just serve as our look ahead for the week? >> i'll be at the show. we're all fed watchers now. >> look at the bond market. th

. >> and joe sy with david faber. we'll get to na that in a momen.that we heard from jim before. not a new short position. but it is interesting that he continues to talk about it, even as there have been a number of positive data points here coming out of ali baba from wall street in terms of analyst expectations for the company. >> yeah, okay. there we go. so david and jim just sat down with mr. sy. let's go to delivering alpha and listen in. >> noted short teller. >> was he here? >> he was here. and he's -- he's been going after alibaba a bit and i would love to get your response. this is a great opportunity to do that. oftentimes, joe, we interview you from far away with a long delay. this is refreshing to have some time to have a conversation. >> right. >> specific to the ownership stake that you have in the delivery business, which he calls it being unconsolidated, i'm quoting here, they only 48 or 49% of it, but that's even deceptive because the actual companies that -- it is the chinese model, you never see everything, and yet what you do see