david faber is at alibaba's gateway 17 event in detroit.xclusive with jack ma futures improving. travis cal kalanick out at uber. roadmap this morning goes like this the uber shakeup travis kalanick is out as investors try to move past scanda scandals jack ma on why globalization is good david will sit down with him martha stewart shares her take on the state of retail the media mogul is going to join us live. first up, travis kalanick is out as ceo of uber bill gurley this morning, big investor in uber said books will be written about kalanick's entrepreneurship and few have changed industries the way he has. >> yeah. adam lashinski wrote a fantastic book "fortune writer" that came out four weeks ago about kalanick had he to break billions of eggs to make a couple of really fabulous omelets it's almost as if i don't want to say his job was done, but i would say that you got in there and it wouldn't be so bad to have a more -- a lesser addict story. personal tragedy you have to weigh this i think obviously the people got an image of what th

plus, david faber sitting down can alibaba's ceo, exclusive sw sbur view just moments ago and later, while everybody has been focused on apple and the fang stocks, why only five class bic dow names have been surging. we'll tell you what they are and why one trader sees more room to run. first, we start off with the brick and slaughter that went down today sinking more than 2% and amazon launches its prime wardrobe program. nordstr nordstrom, j.c. penny, chico getting slammed. could this be the final nail in the coffin for traditional retail. >> for a lot of them, absolutely we give dan nathan a lot of crude, but you got to give him credit op this one he said the etf, worst chart he's ever seen ch he was right good for dan is it the nail in the coffin for a lot of these folk, yes we've been cyst enter on that. what i've been wrong on has been target i thought they held a huge level. the same low we made in 2014 and it looked like they were in terms of the stock, turning the corner a bit obviously, this thus came out u and it's all bets are off. but where would i go i still think targe

it was done to torture faber. >> amazon buying whole foods, $42 a share.e'll talk about that and the nike downgrade out of jpmorgan, downgrade for square, apple making a few big hires in original video content back in a minute the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average? are you ok? what happened? dad kinda walked into my swing. huh? don't you mean dad kind of ruined our hawaii fund? i thud go to the thothpital. there goes the airfair. i don't think health insurance will cover all... of that. buth my fathe! without that cash from - aflac! - we might have to choose between hawaii or your face. hawaii! what? haha...hawaii! you might have less coverage than you think. visit aflac.com and keep your lifestyle healthy. aflac! [ laughing ] oh. this guy

the vice chair of the company joe tsa i will join us for an exclusive interview with david faber to talk about that strategy the latest now out of washington and there's been plenty of house speaker ryan, are you saw that speaking to cnbc last hour about tax reform here's what he told brian sullivan when he asked him if he would support a push for a 15% corporate tax rate. >> i would love it if we could get the numbers to make it work. >> do you think you can? >> i'm all for it, something that's actually possible we're going to spend all summer long drafting and getting what we call scores, getting the numbers to work. we being the house tax writers, the senate tax writers and the white house and treasury department, getting these numbers to work, so we want to get these rates as low as we possibly can, get to a territorial systems. the basics that we all agree on and that's what we're working off of right now so we can stick the landing this nal because we really do believe you can't get to 3% growth without this. >> aggressive timeline tax reform is front and center for many investors,

david faber is at alibaba's gateway 17 event in detroit.ith jack ma futures improving. travis cal kalanick out at uber. roadmap this morning goes like

good stuff david faber in detroit for us with jack ma >>> europe closed two minutes ago.et's go to seema moody. >> the european markets are showing lows on the session. the stocks stabilized due to oil sliding into bear market territory. miners among the groups rebounding, anglo american and glencore are leading the pack. the bank of england chief economist said he would likely vote for a rate hike later this year citing a stronger global economy and resiliency in the wake of brexit now sticking with the u.k., earlier today the queen's speech outlined legislative priorities of the prime minister's conservative party, they include eight bills aimed at implementing the uk's withdrawal from the european union. one of the bills will focus on the uk to trade freely with the rest of the world. there was no mention of a uk visit from president trump in the speech reports actually say such a visit has been put on hold in the wake of huge protests in the united kingdom >>> finally, one stock to keep on the radar, tesco to close the call center in wales putting 1100 jobs at risk. t

alphabet parent of google this is something marc faber, international investor, dr.to call him, the the new doctor doom, yesterday on "your world" on fox news is just preview of coming attractions. why are you so bearish. >> nasdaq is exceeding the highs in year 2000, but driven by stocks that would not lead the index in 2000. technology is vulnerable to innovation and to new competitors. neil: all right. what famed investor marc faber is saying hose who lead the parade stumble and the parade goes the other way. i'm sort of over simplifying his case. those who led us on the way up, will lead us on way out. he says that is happening with technology and some of these names that got us to the point that they were the double-digit gainers and most aggressive performers. but that will reverse itself. will it? do you have to worry about it, market watchers, jonas national national -- jonas max ferris and bob wiedemer. >> face it up tesla up almost 80% since the beginning of the year, not just because earnings, just part of the fad. apple as well up 35%. all of these compan

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.utures in a narrow range but positive as markets brace for a heavy wave of political news over next couple of days. the president goes to ohio to talk infrastructure. he has nominated chris wray for the fbi director. and our road map begins with a deluge of news from d.c. trump tweeting his nominee for fbi director. more reports on comey's rift with the president. and the president goes to ohio to talk infrastructure. also, a senate intelligence hearing in an hour. >>> and the retail wreckage continues. sears is closing even more stores and macy's lowered guidance yesterday. talking about margins. but there might be a bright spot and the name is walmart. >> tesla stock hit an all time yesterday and where they might be headed with the model 3. first up, the president has chosen the nominee to be next fbi director as comey gets ready to testify on capitol hill tomorrow. our eamon javers is in washington. what a day for news. good morning, eamon. >> good morning. so christopher wray will

i'm david faber along with jim cramer. we are live from the new york stock exchange.arl quintanilla, well, he is live from the code conference in ranc rancho palo verdes in california. hillary clinton and others have shown up at that event. we're a half hour from the opening of trading on a thursday. you can see it largely looks like we'll get a positive open, but things reversed yesterday. financials in particular. europe you ask, jim, you didn't, but i'll show it to you. all five of the big markets. you can see spain is the only loser thus far this morning. continued strength in the euro markets. >> eurozone -- look i think that draghi -- i'm not kidding, no conspiracy theory, keeping the euro lower. they're not happy with our president. >> a lot of unhappiness in a lot of places. our road map starts with president trump, as he is expected to withdraw from the paris agreement. the major names opposing the decisions and what elon musk said he'll do if the president does withdraw. >>> one of the companies by the way hewlett-packard coming up. we'll have ceo meg whitma

i'm carl quintanilla with jim cramer, faber is off president is in wisconsin, surp positive, yields tickp on decent core ppi. tech stocks taking a tumble. treasury is out with its plan to loosen bank regulations and is the worst over for under armour? the stock having a nice bounce after the warriors take the title. first up, tech stocks looking to rebound from their worst two-day streak of the year jim looking at some of the percentage declines for fang, somewhere in the 4% to 5% range. >> what happened is you didn't get follow-through other than the negative apple you got a downgrade of adobe that lasted for about 30 seconds. there were no substantive calls and by the way no preannouncements that these great tech sell-offs that we've had there usually is a linkedin tableau data, upgraded today by goldman. there's something to hangon to which says tech has slowed down but we didn't get that, which made it so it was more of an air pocket than it was the beginning of some gigantic rollover. just didn't get it i was looking for something. i came in this morning and said okay, who is not do

are for the reason you just pointed out i want to talk a little bit about failed states you invert faber in his great essay politics as a vocation and i think you have a kind of brilliant description of how a failed state will maintain the remnants of the state but of course they no longer function for a unified power for the common good there's a sort of there's a mythology i'm sure you saw this many times reporter at there's a sort of myth ology of the central state that operates when the police stop you and demand some paperwork or whatever but really what it is there's no central database that there is right you just you describe the state as a ghost in essence that's right yeah. and or is like the twitching limbs severed from the spiders and i mean it's you know these these offices are used for basic survival you can hold up travelers and demand a fifty dollars one hundred dollars bribe from them in the name of you know some centralized state that didn't fact exist you know maybe ten twenty thirty years ago so you know that's part of how states fails the corruption and the the repri

i'm carl quintanilla with jim cramer and david faber will join us in a moment we look at the reactiono jeff immelt leaving ge. our road map begins with ge, immelt is set to retire this summer the tech stocks are on track to tumble apple under pressure missolo downgrades apple >>> first up, jeff immelt is resigning as the ceo john flannery will take over we have talked about immelt and ge's trouble just trying to keep pace with the dow. really since his tenure began. >> it's the worst performer in the dow since he came in apple -- he's down 31% some people can always argue at that moment that he came in it was a high water mark. others have said, listen, he did cut the dividend, but many who cut the dividend i think that's what's happened when you compare him to a honeywell, when you compare him to david cote, even to greg hayes at united technology, difficult to compare very difficult to compare. >> meaning immelt does not meet their standard >> it's empirical. i'm not saying listen, i know the guys, i know them pretty well, and they were able to reshuffle the portfolios in ways that

which we're very excited about >> david faber will be there >> david faber will be there and a wholeks to support this we're going to have about 3,000 smes attending which is substantially bigger than we had anticipated. jack will be there we'll have a whole team from alibaba and the purpose of the summit or the conference is to do two things. first of all, explain the china consumer opportunity to smes because most smes, and farmers or agricultural co-ops, they don't really understand. what the china opportunity is and why would they mostly selling in their own communities here in the u.s. the second function of the conference is basically to educate those smes how do you actually get onto a platform so that you can easily sell your products to a chinese consumer now the idea for this originated back in 2015, not in an op-ed but actually in a speech that jack gave at the economic club of new york. you were actually there. and he talked there about our u.s. strategy, which is not to come and start selling products to american retail consumers, but to actually take retailers, and bran

meb faber, co-founder and chief investment officer of cambria investment management. you very much. and what you need to know for tomorrow's trading day. this is bloomberg. ♪ scarlet: what did you miss. the dow jones industrial average closing at a record high. more headline interviews from the conference tomorrow we have russian energy minister alexander novak and the chairman of the state bank of india on bloomberg television. joe: best day of the month. jobs in america. that number will be out at 8:30 a.m. eastern. julia: and wal-mart holds its annual general meeting tomorrow. scarlet: that does it for what you missed. julia: bloomberg technology up next. joe: have a great evening. this is bloomberg. ♪ alisa: i'm alisa parenti from washington, and you are watching "bloomberg technology." let's start with a check of your "first word news." several world leaders are reacting to president trump's decision to withdraw the u.s. from the european climate accord. to countld can continue on europe as a climate leader." belgium's prime minister called the decision "a brutal

. >> so after teaching constitutional law with members of the public is the founder's faber not goodpeople but to diddle sorts of horrible things but today rivet of slavery and i have my own answers but what do you say to people like that? there are people that look at the cover but that was celebrating people like that but most constitutional history walking into philadelphia in 1787 with an accusation so what do you say?. >> and to make the point in the book not all food participated to the founding or white or male. and those who played that pivotal role and another point and they did some bad things but there was more to the story of ehrenburg have a guy who shot and killed alexander hamilton. they were complicated. martin luther was a slave owner but he ripped off of band-aid dog slavery and he went there much to the horror of the delegates that this is the abomination. and it took some guts to do that. but they could have read their own slaves but he did not fatigue knowledge it was an issue. and then to the slave trade and with that three fifths clause to even debate that the

even if my squawk on the street partner david faber put the kibosh on just this morning. quarter number two veil resorts they report thursday, and vacations have become facebook rights of passage. and vail has been benefitting from this trend for ages. you know what i'm anticipating is a possible sell-off. we're devoid of earnings on friday, no analyst meetings either. so i think people are going to be sitting there concerned with the mornings jobs report we got today and friday. remember most investors in all holders of bank stocks, which have been horrendous, want to see a raised health. if they do nothing, there won't be selling, so why not get out ahead. i'll give you a heads up if i think that's a distinct possibility. heading into the summer, you're going to see light volume on saturdays. so any volume will be exaggerated, so let's be careful out there. this comes so close to the watch, that they often hold the key to our oil being traded. crudes come under pressure anytime we get a stock in rigs. each rig can produce a ton of oil, and whatever opec has try today ke

to be, pinnacle brands quickly fell the session lows as you saw earlier this morning, cnbc's david faberays talks between the companies are said to have ended. that is pinnacle foods and conagra. reuters reporting the two had been in talks. pinnacle falling, conagra shares saw similar patterns, the knock-down is much, down by nearly 2% here. to otherck around assets reacting to the jobs report, the u.s. dollar is certainly one of them, you see a very sharp reaction to the numbers down now .4%. is interesting different assets reading the report differently. vonnie: the dollar index has been on the decline this week anyways. julie, thank you. mixed reports from the u.s. labor department, the u.s. adding 138,000 jobs in may, short of consensus estimates. the unemployment rate fell to a 15 year low, that was because the participation rate declined for the most part. earlier today bloomberg spoke to gary cohn and asked whether the lower participation rate was a disappointment for the administration, which is made a big deal about people returning to work. >> don't assess on anyone number on a

, what comcast and charter would want from sprint the likelihood of an all-out sale i'm sure david faberill have more on this later >> i think the big headline is that it puts the t-mobile sprint deal on hold >> something everyone was expecting? >> less hoops to get over, so that was something that was possible before but now will not happen for whatever reason. >>> hedge fund paulson and company upping the stake in valeant to 6.3%. this a week after john paulson joined valeant's board >>> general motors is trimming its new vehicle sales outlook for the year the company is now expecting sales to be in the low 17 million range affecting a widespread expectation that the industry is headed for a down turn. >>> shares of western digital slipping after they issued revenue guidance that fell short of estimates western digital said it teamed up with kkr to resubmit a bit for toshiba's chip unit. >>> ibm is building a block chain base platform for seven banks including hsbc and deutsche bank it will simplify transaction force small and medium sized companies. >>> nvidia unveiling a joint ventur

welcome to "squawk on the street" i'm carl quintanilla with jim cramer and david faber.wo big clouds of uncertainty, the ongoing russian investigation in the u.s. and now theresa may trying to plow ahead with a minority government. the brexit talks will kick off in ten days. the oil as well. rig count at 1:00 p.m. eastern time. our road map begins with a big set back for prime minister may. yesterday's snap election ending in the hung parliament. what does it mean for the looming brexit talks? >> plus, stock futures are pointing to new records as investors shake off that political turmoil in the uk and back here in washington, d.c. >>> and complete vindication, that's the take away from the president on the testimony by comey but the reality may be a bit murkier. we'll talk about that. >>> but first, the uk is the lead. may's conservative party lost the majority after the election. resulting in a hung parliament meaning no party has the 326 seats that are necessary for an outright majority. may had called for the snap election in the hope of strengthening her hand in bre

i'm carl quintanilla with jim cramer who is back, david faber.utures are lower after the secondest tightest raping. the president meets with gop leadership on health care and taxes today. comey's testimony two days away. europe is weak. bond yields now testing election day levels ten-year gets to 2.14. our road map begins with apple and new product announcements. did we see anything that would move the needle? >>> plus a big change at j. crew. mickey drexel is helping down. new chief executive coming from quest elm. >>> the president taking to twitter ahead of congressional meetings today. >>> lots of buzz surrounding apple's answer to the amazon echo and google home, the new home pod unveiled at apple's worldwide developers conference. here's tim cook making the case for that product. >> we have such a great portable music experience, but what about our homes? we think we can do a lot to make this experience much better. just like we did with portable music, we want to reinvent home music. >> jim, we got the ar kit, we got amazon on apple tv, bu

faber on our air the other day said there's a bubble in everything. lee cooperman. doesn't matter. lee cooperman said you're not going to get another major leg higher unless you get that boost to earnings through corporate tax reform and some other things. those are -- >> wage growth, household formation, there are tons of other kickers beyond tax cuts. >> i'm up 20%. i'm just praying to god to keep what i got. i don't know, you know, necessarily need another leg higher here, if if we keep going up on this, i'm very fine with it. it's the reason why i disagree with rick and the president on this. i don't need 3% growth. you give me 2% growth for 20 years, i will take that and bank that forever, rick. you want to go to 3%, get back on the roller coaster ride. >> there is a freeze. >> see you perfect, steve. there's a place you should say sweet home sweet home. it's called europe. that's what europe's thought for searchries. >> they don't have 2% growth, rick. we've had it run ining about te years now. >> it's not enough and anybody who's satisfy ied with that, th animal spirits need

david faber saturday down with jack ma at the gateway 2017 conference talking about the rise of technology it's having on business listen >> it's about wisdom, about experience i don't think that the artificial intelligence is going to replace the wisdom. >> i continue to wonder what that world will look like over the next 30 years. >> will be painful because the knowledge is not enough, the wisdom is not enough jobs have been ticking our way some people who catch the wave will be witch, more successful some people more painful the government -- the world will be dated the people will now have more data than the bosses >> you can catch more of that interview with jack ma at 9:00 a.m. eastern on squawk on the street always entertaining. >> and so much tech action >> and alibaba stock has been strong >> exactly >> we are approaching the top of the hour the team is getting ready for "squawk box. becky quick joins us >> heard what you had about uber i heard that on npr, all the things kara swisher was running through. we'll follow that. and we'll talk about tax reform. yesterday we spoke with

david faber is off the market having troubles get it of the gate the dow is 26.'s laggards with layoffs of about 2% of the global workforce. >> our road map for the hour starts with president trump reportedly under investigation over possible obstruction of justice. we'll get a live report from the white house straight ahead. >>> and we'll take a deeper dive into the rising of the interest rates decision >>> and alpha get got slapped with a downgrade we'll speak to the analyst behind the call next. >>> some economic data diana olick has the numbers for us. >> home buyers sentiment dropped to 67 and may's reading was revised down by 1 point. anything above 50 is considered positive, but confidence has been falling steadily after a big surge following the presidential election and the first executive order lifting some environmental restrictions. given the shortage of housing builders should be happier but they continue to struggle with shortages of labor and buildable lots costs for materials, especially lumber are also going up of the indexes three components, cu

cohn, david faber. are you concerned at all about the budget ceiling being reached in august and congress' inability to actually raise the ceiling? >> no, i'm confident the congress will get the ceiling raised. >> why? >> i'm just confident they'll do it. at the end of the day, you know, the deficit ceiling needs to be raised. this is money that the congress appropriated. they chose to spend the money. we have spent the money the way that congress is determined to spend it and they need to raise the deficit ceiling. we're going to get it raised. >> but the treasury secretary seems to prefer a so-called clean bill to raise the debt limit whereas budget director mulvaney seems to want to attach things to do it to drive certain spending reforms. is that an issue in the cabinet right now that's going to pose problems for you guys? >> look at the end of the day, the congress has to raise the debt ceiling. the congress will decide what is done, what is attached or not attached. heavy treasury secretary would

i was telling david faber i no longer want to be known as jim. i want to be known as nvidia.hat's my sar cass it particular way of saying, whoa, come on! it has gaming chips and it's switch. >> it's a great company. google is a great company. there are a lot of great companies out there but you have to understand these are companies who have stock prices attached to them. because of that when you add $12 billion because an upgrade from citi, the crazy part, as i wrote, the bear case on citi was $100. that's the bear case and that's where the stock was a month ago. so it's over optimism. it's discounting the competition. it's understanding -- not understanding the market factors. of course nvidia is not a fraud or a scam. it's a wonderful company. unfortunately, it got way ahead of itself. >> you're talking about two different things. you're saying the stock got ahead of itself. jim just gave you many of the reasons i'm sure he has more up his rolled up sleeves of the fundamentals of this company to justify the optimism behind it, maybe not at such elevated levels but you get

we head to a break, a quick programming note tomorrow on "squawk on the street," don't miss david faber'sdown with jack ma we'll be right back. >>> let's get out to julia borsten who has another special guest. >> hi, i'm joined about it head of ad sales for facebook also giving us an exclusive nugget of news you're announcing today that instagram stories has 250 million daily active users it's up from 200 million in april and you just launched that stories format in august the question, is how are you making money from that growth? >> it's amazing. if you think about it, a year ago when we sat together, instagram stories didn't exist today on the platform, we not only have 250 million people using it but actually a third are businesses using instagram stories and one million advertisers. and so not only are advertisers using and benefiting from the instagram feed and utilizing stories as a great format. beats by dre and michael kors are two of them. >> how much are they spending in ads? >> investments are growing across the board. >> now is your user growth of that stories format coming a

and when you see it, you say to yourself, come on, now so what joe tsai, either david faber or jim cramerked joe, pacific research thinks you're buying your revenues. and his answer was, they haven't read their annual filings or disclosures. the minute i saw that, i just howled and said, not only have we read your annual filings, not only have we read your disclosures, we know what you haven't disclosed, but you should have disclosed! and by the way, and i've said it on cnbc and i'll see it again, joe tsai, apparently lives about 15 minutes away from my. my partner, don vickery, one of the greatest forensic accountants in the world, would love to give anything to sit down with him and meet face to face we've said it a bunch of times, never had a response offer is still out there >> in other words, herb, the answer to my question is, you're right! you're right, scott, i am po'd who was it, was it jim earlier who said, you can't always believe the stocks one other thing people forget about alibaba, they're exempt from regulation fd they don't have to abide by it neither do most other foreig

welcome to "squawk on the street" i'm carl quintanilla with jim cramer and david faber. the yields have ticked higher. ey -- ecb stays steady. and james comey on the hill today. the released testimony making waves. we'll go live to d.c. >> shares of alibaba are surging in the premarket. we'll dig in on those numbers and the impact on yahoo. >> voters headed to the polls today in london today. we'll look at the latest and how the markets are reacting. >>> first up, james comey due to testify at the top of the hour. the stocks did rise yesterday after the release of the former fbi director's prepared testimony in which comey says the president sought his loyalty and urged him to quote lift the cloud surrounding the russia probe, but many suggest there's no smoking gun. it's being called the rorschach test of sorts but the bar to obstruction is high in large part because the republican hold that key. >> thank you, that's it. i think that we have to -- it's a political issue. i waffle between comey-geddon and comey those. >> that was good. >> i have worked on that all night.

david faber, back to you. >> thank you very much, rick santelli as we head to break, a quick programminginterview with lloyd blankfein at 6:00 p.m. on "mad money. coming up this wednesday, i'm going to sit down with alibaba's chairman jack ma in detroit. we have a lot more ahead hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. >>> welcome back to ""squawk on the street." markets are higher driven by gains in technology and financial stocks the tech sector is outperforming after that rocky performance last week. the large cap stocks, facebook, amazon, net flicks and google parent company up by more than a percent or so apple is leading the charge bip more than 2% on track to break the

remember we had mark faber on, he said in that james bond villain way, technology stinks!said it. now they're selling on it. more after this. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. buttrust angie's list to help., [ barks ] visit angieslist.com today. with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardian

i'm david faber along with jim cramer we're live at the new york stock exchange we set you up for the open a half hour from now it looks likes the s&p may be down ever so slightly. european markets were in the red last time i look thank you for spain and for italy, maybe one day we'll even get a look at the bond market. the ten-year note yield is important right now, particularly given that -- >> 2.14. wow. >> wasn't it supposed to be a 3.14 >> yes, i think they were talking around june, at least 3. not the case a big story we're going to talk a good deal more about is oil. let's get to our road map and start you out with some stocks oracle, shares are up sharply on earnings we'll look at what's moving that stock. later, by the way we'll have an sclouf on interview with mark hurd >>> they want to take a major stake in american airlines, what is that all about? >> smoke 'em peace pipe? >> we'll try to figure that out to the best we can by the way, what as to yim cramer and homer simpson have in common adobe's ceo shows us. >> he's game. >> he's got a demo of its newest product. >> i wa

there is always two sides over to issue bill, thank you for your thoughts david faber, back to you >> let's send it over to jon fort who gives us a great look at what is coming up on "squawk alley. >> today we have big news in the cloud. oracle specifically. you're going to hear it first on cnbc also, a bombshell on the vc world. story of harassment, a resignation, we'll have the report and information who bkero that that's coming up on "squawk alley. ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. i put everything into my business. and i had all these points from my chase ink card. so i bought ingredients, utensils, even made custom donut cutters. wow! all with points. that's how i created the ripple: the doughnut in a doughnut in a doughnut. suddenly it's everywhere.

i'm carl quintanilla with jim cramer at the new york stock exchange david faber is off nasdaq futuresarket continues to digest the hawkish some say tone from yellen yesterday europe is pretty red benchmark yield around 2.16. empire and philly fed. the fed hiking the rates

david faber is there he will be with the vice chair today at 3:30 on closing bell and then tomorrow withwk on the street" the man himself, jack ma. >> that will be fabulous i urge people to recognize that this man is the guy who changed my mind. my friend, hesh greenburg, told me a lot of different things to ask. i asked them when we were delivering alpha so much, i like joe tsai's answers. some people may not. it will be a very powerful interview. people will have to watch it very powerful. >> the coattails for small business do you think can be as big as the app was over at apple? >> people have to get more comfortable. i found the site awkward to use but that's because i'm older etsy, if you can do etsy -- these cufflinks, carl -- you probably can't see it. heisenberg these are from etsy. my daughter gav them for me for father's day let me get that down there she knew how to do it, to go on etsy and do it she knows the people who make this stuff that's who is going to sell. can you imagine this what a great daughter, to get me for father's day that's where you go on etsy. boom it will

i'm carl quintanilla with sara eisen and david faber at the nyse.tive premarket. oil still down about 1%. we're watching fallout from the london terror attacks, a rift in middle east politics, vis-a-vis qatar. ahead of a busy week. >> our road map for the hour though does begin with terror in london. seven people are dead, dozens more injured in an attack just days before the parliamentary election. we'll take you there live. >> oil prices moving after saudi arabia and several other gulf states cut ties with qatar. we have the latest. >> and the world's largest cancer research conference is under way. we'll hear from the ceo of brist bristol-myers squibb. >> we have some data crossing right now. over to rick santelli. >> yes, a litany of data, carl. start with ism nonmanufacturing. the service sector, expecting a number over 57. this may read comes in light at 56.9, sequentially following 57.5. weakest since march's number, 55.2. ism nonmanufacturing employment index that moved higher. markedly higher from 51.4 to 57.8. new orders, they moved lower

david faber here with deal-making. >> potential deal-making or lack thereof and the reason t-mobile is down this afternoon. >> thank you for staying late. >> you're very welcome. >> out of here just about four minutes from now so let's get to it t-mobile is down because believe believe this will put off or perhaps not allow for the oft discussed possibility of sprint and t-mobile figuring out a way to get together, and at least for the next 30 days they are not going to be figuring anything else out, a story that "the wall street journal" broke last night indicating exclusive talks between sprint and the cable companies, charter and comcast. remember, for memory's sake, about a month and a half, they announced their cooperation for at least a year in terms of a wireless strategy that the two would try to figure out together, and this may involve them signing up what we call a mobile virtual network operating agreement with sprint. they already have one in place with verizon guys, it essentially allows them to resell the capacity on that spectrum now, people are rushing to conclusions t

i'm david faber along with jim cramer. we are live from the new york stock exchange.from the code conference in ranc rancho palo verdes in california. hillary clinton and others have shown up at that event. we're a half hour from the opening of trading on a

welcome to "squawk on the street" i'm carl quintanilla with jim cramer and david faber.gher. ey

i'm david faber along with jim cramer we're live at the new york stock exchange we set you

andrew your rival -- >> who is my rival >> david faber, m&a type rival >> good friend >> he was interviewing jack ma >> yes in detroit >> the singularity s-- >> is upon us. >> is possible but he's worried they may not care much about us the machines >> he also thinks we'll have a four-day work week >> four-day work week. singularity is a possibility sigh bo cyborgs. we have to suck up to the machines >> when we return, new data on the economy and the trade. we have a new read on the biggest risks to businesses. details after the break. most etfs only track a benchmark. flexshares etfs are built around the way investors think. with objectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advant

welcome to "squawk on the street" i'm carl quintanilla with jim cramer and david faber.inty, the ongoing russian investigation in the u.s. and now theresa may trying to plow ahead with a minority government. the brexit talks will kick off

> great stuff great to see you in seven minutes time for squawk on the street don't minutes david faber's alibaba's jack ma >>> very quickly let's get a check of the markets top companies.s the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. (baby crying) ♪ fly ♪ me to the moon (elegant music) ♪ and let me play (bell rings) thithis is the new new york.e? think again. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov >>> welcome back, everybody. amazon's acquisition of whole foods is a grocery game changer that will impact stores, grocery shops and tables acros

i'm carl quintanilla with jim cramer who is back, david faber.est tightest raping. the president meets with gop leadership on health care and taxes today. comey's testimony two days away. europe is weak. bond yields now testing election day levels ten-year g

"squawk on the street," i'm carl quintanilla with jim cramer at the new york stock exchange david faber were looking at some recuperation in equities the dollar, the curve, but then housing starts missed big down 5.5. brought futures basically back to the flat line europe is positive oil on the longest losing streak

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.sitive as markets brace for a heavy wave of political news over next couple of days. the president goes to ohio to talk infrastructure. he has nominated chris wray for the fbi director. and our road map begins with a deluge of news from d.c. trump tweeting his nominee for fbi director. more reports on comey's rift with the president. and the president goes to