greg hayes, ceo of utx is scheduled to appear on cnbc tomorrow morning. what can we, if anything, read into that. it is kind of unusual, if companies were actually in talks for one of the ceos to make public statements about this deal. >> i don't think we can read anything into it. i think this -- it was -- had been preplanned, i believe. i don't think they were anticipating any news of this type being made public. and i'll be curious to hear what he has to say. >> if the interview gets canceled, the producers can blame faber. is that an accurate statement? >> they do that all the time. >> i think it would be if he chooses not to. he should choose not to appear. >> deals are supposed to be long-term things and long-term strategies. but if we were in the midst of -- if we go back to january 20th, when things were just falling apart, you think we would be discussing this? do they need to see some stability over the last week before you can actually start to

possibly followed by, you know, greg hayes over at utc.ll is considered to be the better managed of the two companies and you look from an antitrust standpoint, a lot of complementary areas, but also some overlap. whether it is the build and control or the components such as auxiliary power, units na both companies are the only suppliers of. you wonder about how this would be structured in terms of debt and equity. both companies are relatively nominally levered. honey well much less so. and concerns about customers. boeing and airbus would be ones that might be interested in the outcome of this and probably some concerns from the eu over at the uk about the impact possibly on rolls-royce. >> i aren't considered that. you think there could be pushback from companies like bowing? >> boeing and airbus now have begun over the last 18 months to initiate programs to be able to capture move the value created in the commercial aerospace sector. both from the oem suppliers and after market. that's because both have been very expensive new jets lik

if you license to the answer from greg hayes, you don't want to be long a copper company. citi has said the time has happened. cabot, which is a natural gas company, selling stock at the bottom. hey, you know what? i think this call might say freeport has had a big run and i don't want to participate at this level. >> what's on "mad" tonight. >> we have chegg, and covanta, waste energy. it's a german concept. a caller asked us about it. this is some day. i have to talk to dave cote, not just about when to take off the pool company. >> not on "mad" on here. >> can't i? it's all on one network. >> it ain't going to happen, david. it would be irresponsible to put him on the show. >> it ain't going to happen. >> how fabulous is that. >> we need longer hours. >> "mad money" at 6:00 p.m. >>> when we come back, existing homes, consumer confidence. (patrick 1) what's it like to be the boss of you? (patrick 2) pretty great. (patrick 1) how about a 10% raise? (patrick 2) how about 20? (patrick 1) how about done? (patrick 2) that's the kind of control i like... ...and that's what the

the idea that greg hayes was willing to entertain a potential transaction is interesting. and then now honeywell, given the respective changes in the market caps, utx was here and honeywell was here, now it's the other way. >> maybe they were even making this approach as you had the johnson controls tyco deal come together. is there some general sense that the conglomerates are trying to figure out if they can rationalize or are these companies -- they've been circling each other more than a decade. >> it was 16 years ago i reported when utx was very close, a day away from getting a deal done that ge jumped that deal and couldn't get it done because of antitrust and eu. i think there is more to it. it's not just coincidence is my sense at this point. >> thank you so much. joining us again as we continue to see what happens this go around, david faber, be sure to catch gregory hayes on squawk box. seema, what's happening? >> fitbit reporting earnings that came in well above expectations, 35 cents versus the 25 cent estimate for the q4. revenues also topping expectations at

in this week where we've been following the story, we've had greg hayes join us on tuesday on squawkn street to say absolutely no way that a deal in his opinion can happen because of the antitrust risk of combining these two companies. the back and forth continued to the point where this morning, honeywell came back and in a public plea again, largely to united technology shareholders makes the case for why it believes both the antitrust risk is not significant, something they did yesterday with me on tv when christine, their antitrust advicer joined me in an interview and made the case on value, as to why the synergies are so significant and will add up to significant accretion overall to earnings and stock price for the combination because of the higher multiple that honeywell currently gets. then we get united technologies coming out and saying, first of all, on value, we don't agree with your math and secondly, let's remind you yet again as to all of the reasons we think this trans sks can't happen, namely antitrust and by the way, did we mention antitrust. >> where's the greates

been frying to acquire united technologies, first in a friendly way after united technologies ceo greg hayes suggested they talk and then in a hostile way after hayes had second thoughts on the combination. i personally think that as brilliant as the combination might be it likely won't pass muster with all the big regulatory bodies out there, especially the european union, which are l. do anything to protect one of its own. if they merge. as long as cuddy keeps trying to do this deal i think honeywell's stock will stay under pressure. that's where the opportunity comes s . if it weren't for this prospective deal blasted again this afternoon by hayes, i bet honeywell's stock would be up. perhaps up considerably now that the cyclical stocks are back in favor. here's another oil-related play that intrigues me. kroger. in other words, if oil goes down, this stock's going to go down because it takes the whole market with it. now, i would buy some kroger before it reports because i think the stock's done resting. it's kind of just trading sideways for a while, and i think it's about to take off.

>> there have been approaches on both sides. >> greg hayes is brand new. for example, 10, 20 years ago, i would have thought united technologies would have been the acquirer, not honeywell. but honeywell has done well in stock price and in the way he's run it. anyway, home improvement retailer lowe's, we talked about them yesterday when home depot came out, just out with earnings. matching street expectations at 59 cents a share. revenue slightly above same-store sales. rose 5.2% in the fourth quarter. i think home depot was like 6.4. both pretty good numbers. the company says it expects to add approximately 45 stores in 2016. analyst brian nagel will join us in about ten minutes, as he did yesterday, with home depot, to give us the highlights of this report from lowe's. >> turns to the presidential and political race. with his victory last night in nevada, donald trump has now won three of the first four gop nominating contests. john harwood joining us now with more. >> reporter: andrew, republicans are waking up this morning to the growing likelihood tha

>> we've got, geez, we have greg hayes. united technology. david faber broke that story yesterday.ll find out what the deal is. i think it was a deal toned all deals if they can make it work. sounds like united technologies doesn't feel like it's such a terrific thing. david will have the news, i'll have the analysis. >> we'll see you in a couple minutes. >>> coming up, some final thoughts from our guest host, jimmy dunn. through small things. big things. and spur of the moment things. sheraton. ♪ i'm in charge of it all. business expenses, so i've been snapping photos of my receipts and keeping track of them in quickbooks. now i'm on top of my expenses, and my bees. best 68,000 employees ever. that's how we own it. >>> welcome back to "squawk on the street." our guest host is jimmy dunn. >> a lot of fun. can't wait to see you again. >> all boys party. >> yeah. almost like a hazing. >> becky might be here next time. >> you guys need becky. >> you won't be back. no, we love her. it was fine today. >> join us tomorrow. "squawk on the street" is next. >>> good tuesday morning. welcome

greg hayes almost did it with us last tuesday. >> yes. >> by the way, meg whitman will be our guest, she always is, hewlett-packard enterprises ceo after they report on thus, she'll be our guest friday morning. we'll be sure to bring this up. i'm not sure it will make a bit of difference to people voting for or not with mr. trump. >> whitman's statement? >> yeah. >> no. not christie. christie's statement made it so you're not talking about rubio. it did seem like christie came out -- that was like, wow. really? i heard him critical of trump a bunch of times. >> that's why friday was one crazy day. >> it was. >> and we ran the whole speech, which i thought was different. >> yeah. >> merry christmas. >> the libel stuff, great to be a journalist. >> as we open up the libel laws. >> we'll count down to the opening bell. talk about what's coming down the pipe. futures almost exactly at flat line. you're an at&t small business expert? sure am. my staff could use your help staying in touch with customers. at&t can help you stay connected. am i seeing double? no ma'am. our at&t 'buy one get

responding to our story from yesterday and the interview that greg hayes, united technology's ceo didn "squawk on the street." honeywell says it has engaged in discussions with united technologies regarding a possible business combination. they say the value from such a combination would be significant saying they could see as much as $3.5 billion in annual riselized cost synergies. that is something we reported this morning as something they indicated in their conversations with united technology. perhaps even more importantly in rebutting what has been the main defense of united technologies and certainly was the central part of our conversation with mr. hayes this morning, honeywell said we do not see the regulatory process as a material obstacle to a transaction. in facts, they believe a combination would benefit their customers and they say enhance their ability to offer more comprehensive and compelling suite of technologies to serve their needs. that is a key point of contention between the two companies. there does not appear to be any possibility at this point that they're go

. >> greg hayes is new. >> he's good. >> how old is cody. >> 62 or 63.r hand -- >> 53, larry. >> that's right. on the other hand, remember not many newly appointed ceos which i would put mr. hayes in that category are willing to relinquish their seat early on. so i don't know if that's an issue or not. i have no insider information. >> you don't think there's antitrust stuff. >> i do. i'm saying there's ways to resolve it. >> how? >> i think -- >> like an investment banker, utx and honeywell get-together and spin off honeywell. >> yeah. no. >> i'm an investment banker. put them together and spin off utx. >> the interesting -- that's what they do but not a good idea in this case. there may have to be some div t divestiture. >> there's a disagreement on how many. utx and honeywell have different opinions on that as we heard yesterday from one of the attorneys advising honey whole thinks it's a small number to get the deal done. >> that's what i said at the outset. utx made the proposal. they must have had an antitrust theory behind their offer. maybe it wa

greg: maria, however, she won $400. >> first story is kevin hayes. look at the patient's here. throwing a stick at it. that is just beautiful right there. same score. dominic moore. two-zero right now. a career shutout. 1971. rangers were at three-zero final score. basketball. looking good. that's up five. that gave it a 20-point lead. he nails it. 3918 in the third. baseball now. think warm thoughts. some of them that's already in >> you have a season and he. he was going to go together. great success with it. >> i think that everyone trusts their stuff. you can go back out there in five days. we all know that we're pretty good at pitching. >> come on i always heard fios was a lot faster. but, i thought it would be a hassle to switch. turns out it wasn't. they showed up when i asked and they set up wi-fi on my laptop, my tablet and stuff. it's true. it is better. i'm here to mow the lawn. maybe i should change some other only fios has the fastest with uploads up to 5x faster than cable. get 100 meg upload and download speeds. $69.99 a month online with no annual contract. >> i

. >> so the next is greg season versus the zoning administrator and the property on embarcadero street appealing the issuance in 2015 to the hayesllc for the parking and loading variance to allow no off street with the arresting cascade are embarcadeexcelsior street on haze street that provides two parking spaces within 25 feet of the main front wall and if the appellant can stepped we'll begin the proceedings. >> i'd like to make a disclosure i wish to disclose i've hired reuben, junius & rose their representations of the entity before this board will not have any effect on any decision today. >> okay mr. stephen when you're ready. >> i have visuals let's see. >> i'm sorry. >> okay. i have a couple there we go. >> figuring this out. >> you want to wait until robert comes back. >> ready let's wait until people stop by. >> we're ready. >> hi my name is greg steve richie the ceo of theatres and this on or about we're talking about is about saving something that is as grand as the castro theatre and not making the mistakes like with the fox theatre and years and years of regret so i wanted to kind of poetry what we're sort of deali