also with us from lake joseph, ontario, kevin o'leary let's begin with the story that is new at noon my exclusive conversation moments ago with famed investor, david tepper, who says he is still positive on stocks and short bonds. tepper telling me of the markets, quote, any comparison to past over-heated markets are ridiculous look at where multiples and rates were in 1999 i'm not saying stocks are screaming cheap, but you're nowhere near an overheated market, he said. tepper calling his short of bonds a hedge, a trade that is not working now, but that hopefully will tepper citing strong global growth and low bond yields as two of the principle reasons he sees more opportunity ahead in stocks telling me, quote, because world growth will continue to be good, earnings will be better and stocks are relatively cheap to interest rates asked where rates would begin to become concerning for him, tepper telling me, if rates go up a lot, the market would have trouble with that, but 50 basis points is not going to make a difference, he said. i asked him about his portfolio, his 13-f revealing

kevin o'leary is sitting with us the next few days. it is monday, august 7th, 2017 it is wonderful.uawk box" begins right now. >>> good morning, welcome to "squawk box" on cnbc we are live from nasdaq market site in times square becky quick with andrew ross sore kin joe is off, sitting in the next few days, mr. wonderful himself, shark tank's kevin o'leary. >> great to be here. >> great to have you we have been planning and plotting things for the last 45 minutes or so. >> looking forward to it i am a right wing voice of reason >> looking sharp are we going to do the blazer thing today? do you want to do the blazer thing? we could or take them off, roll up sleeves >> i think we should discuss the issue. point out there's always two sides to everything. >> i love this already. >> i don't think i've seen you without a jacket on. >> i wear a jacket now because at the end of the day, i am trying to look shorter and longer at the sameim

he is always humble and contrite kevin o'leary will join us next. 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. upeace of mind.s we had a power outage for five days total. we lost a lot of food. we actually filed a claim with usaa to replace that spoiled food. and we really appreciated that. we're the webber family and we are usaa members for life. at the lexus golden opportunity sales event before it ends. choose from the is turbo, es 350 or nx turbo for $299 a month for 36 months if you lease now. experience amazing at your lexus dealer. >>> if apple gains a 21%, the first ever $1 trillion company co-host of shark tank, he selected apple with the first pick in the "power lunch"

he is the special guest of our co-host this morning, kevin o'leary, our squawk shark here with us. >>there. >> he's already here, by the way. see, he gets in really early >> look at that! >> this is the other watch, with the other things, we're going to be talking about some of these things, too. we're ready to go, guys. >> obviously, a great lineup ahead here on "squawk box. you'll definitely want to stay tuned for that thank you very much, becky >>> still to come on this show -- the perfect economy, why the next guest says things are right where they're supposed to be tonight, be sure to catch "the profit" marijuana millions watch it here at 10:00 p.m. eastern. you're watching "worldwide exchange." we're back in a bit. i love you, couch. you give us comfort. and we give you bare feet, backsweat, and gordo's... everything. i love you, but sometimes you stink. soft surfaces trap odors. febreze fabric refresher cleans them away for good. because the things you love the most can stink. and plug in febreze to keep your whole room fresh for up to 45 days. breathe happy with febreze. >>> w

joining us, kevin o'leary. stocks for the 2017 cnbc stocks were boeing and apple >> both have something coming. what's changing and what's different from ten years ago, every time when you buy from them or any equipment whether it is military or aircraft, you are buying a prescription service that you pay for now, it is growing and it is going to be -- just like the environment around apple changing, the prescription platform services. what i love about boeing is every time you buy something, you pay for ever to get something. >> that's why it is top choices. >> boeing, we are showing people on the screen right now of a 53% year to date that's tremendous. that's why you are doing so well is there a price in your head that says now it is gotten too expensive. >> i don't think investors looking at this new business platforms that boeing has. the margins we are seeing are obscene and practically 100% they keep on selling the iron and the software i will sell boeing when everybody knows. it is absolutely a software

kevin o'leary, you own it. you own wal-mart still >> yes, i do, yes, i do. i still own it and my thesis is, it is the anti--amazon name. i know they overpaid for their online assets. i'm willing to forgive them now. because the whole, you know, sentiment about wal-mart has changed in the last six months they were thought to be brain dead when it came to competing against amazon that's not the case anymore. most analysts give them credit for the integration of competing online what they will become with whole foods, the best competitor for that is wal-mart they're already in the grocery category in a much bigger way. they have the same technology in being able to dlimplt i'm extremely bullish. if you want to own retail, two names to own are amazon and wal-mart these are the two companies that will craft the future of what america does in terms of when it buys commodities and when it buys goods and services, they're the two. they will end up the big competitors and i think leaving wal-mart out of your portfolio is a mistake because it's giving you the stabilit

and then the one beaten up name, kevin o'leary is buying. to debate his trade and whether it's worth your money as well. and the latest on the retail wreckage, coach, dick's sporting goods getting hammered today is the bottom anywhere in site all that at noon eastern we'll see you in about 15 minutes. >> all right scott, thank you very much >>> as we're waiting for your show, we're getting into another resignation from the manufacturing jobs initiative at the white house. this is coming from scott paul of at license of american manufacturing. i'm resigning from manufacturing jobs initiative because it is the right thing for me to do nothing beyond that. but, of course, that comes just a few minutes after the president himself said there are a number of other ceos waiting to join and that those who left the councils are grand standers in the president's words >> i think one question is how many people are left between the number of people that are stepping down and then the number of ceos that actually lost the ceo job or gone through ceo tra

times square i'm becky quick along with andrew ross sorkin joe's out this week but shark tank's kevin o'learyus for the next few days kevin's been here and he's bringing us guests and investments that he's made along the way. >> enjoying it immensely i've been watching the show for 20 years being here is an honor, becky. >> it's a pleasure and an honor for us >> thank you i always feel that somebody has to be the right wing voice of reason i say it all the time. and i'm just a little bit right of attila the huh. i'm very proud to be representing -- >> thank you mr. wonderful >> we've got a lot more to talk about with kevin take a look at the futures we've seen the s&p turn slightly negative dow futures barely hanging in there. but remember it's been nine days in a row of gains for the dow. set a new record yet again on friday just turning negative itself the s&p was just about a point away from the new record at the close. nasdaq is seen two weeks in a row of declines. this morning it is indicated up by about six points. also let's take a look at the treasury market. after those better than e

i'm becky quick along with andrew ross sorkin joe is out, but sitting in with us once again is kevin o'leary thanks for being here. >> i've really enjoyed it. this is a great show in case you didn't know. >> well, we love having you here and you come to splplay every dy let's take a look at the futures. there have been some global concerns about the stepped up rhetoric from north korea and from the united states you can see this morning that the dow futures are indicated down by about 51 points. yesterday was the first time in ten sessions that the dow actually closed lower and you can see this morning that the s&p futures are down by about 11 1/2, nasdaq down by 46. again concerns about north korea showing up in the marketplace, but not in any extreme sort of measure. overnight in asia, you saw similar concerns as markets in both japan and korea came under pressure the nikkei down by 1.3%, that is a 2 1/2 month low. hang seng off by a third in europe, you can see similar concerns playing out there the cac is the biggest loser in the major averages declines of over 1.25% and for stocks in it

also with us, for the hour, josh brown, jim lebenthal, steve weis kevin o'leary is here, the chairman of oshares etf feflt investments, as well great to have you all here get to you in a second but i want to start with you, lee, if i could. why are you speaking out >> it's a good question. i don't have any dog in this fight. i retired from the board five years ago. i made a mistake i gave all my stock to charity i should have given cash, because the stock has almost tripled in the five years that i'm off the board. but i feel -- and i have, like i said, in dog in the fight. and i know and respect bill ackman so it's difficult for me but notwithstanding, i consider his behavior to be, in this instance, somewhere between foolish, inappropriate, and irresponsible. and i feel it's my job to speak out and speak my view. >> what was your reaction, though, when you sort of first found out that he was -- >> i was somewhat incredulous. let me explain, basically. ben graham wrote a book, i think in the mid-50s called the intelligent investor and he pott-sized in that book that an an analyst eva

but we're joined by kevin o'leary. out on the set with us this morning, asking great questions, bringing really interesting guests >> it's wonderful. >> it's great to have you here we're going to talk more with kevin in just a moment in the meantime, futures this morning, after ten straight days in a row of gains for the dow, we're going to see this morning there's a little bit of a pullback when we just checked a moment ago dow futures down by 22 points s&p closed at another record high yesterday this morning it's indicated down by almost 4 points and the futures dawn by just over 4.5 points. >> get you caught up on some of the big stories. pershing square has nominated its founder bill ackman and two others to the board of adp the nominees will be formally introduced at adp's upcoming shareholder meeting. adp revealed on friday that the hedge fund had taken an 8% stake in the company we'll call it a beneficial stake, because there's derivatives vfld in that also google fired the employee who wrote a controversial inte

kevin o'leary, sarah hunt and leland miller. thanks so much recall have breaking news on pandora.andora announcing that roger lynch will join the company as ceo and president and a member of the board effective support 18th the company's interim ceo will continue in his role at chief executive officer. the company also announcing that michael linton, ceo of sony entertainment and now as chairman of snap will be joining the board of directors so just a little bit of bc ground on roger lynch, he was ceo of sling -- founded member of sling-tv, and is also a musician himself he plays lead guitar in a band called the merger, so some commentary here about how the company has -- how roger lynch has had great experience guiding companies through critical transformation periods back over to you >> the band is called the merger >> reporter: that's right. he's -- he's a musician playing lead guitar in a band called the merger seems appropriate for a ceo. >> all right he said he worked on acquisitions julia, thank you very much pandora shares responding positivelily, about 2%. >>> up next, i'

i'm becky quick along with andrew ross sorkin joe is out, but sitting in with us once again is kevin o'learyfor being here. >> i've really enjoyed it. this is a great show in case you didn't know. >> well, we love having you here and you come to splplay every dy let's take a look at the futures. there have been some global concerns about the stepped up rhetoric from north korea and from the united states you can see this morning that the dow futures are indicated down by about 51 points. yesterday was the first time in ten sessions that the dow actually closed lower and you can see this morning that the s&p futures are down by about 11 1/2, nasdaq down by 46. again concerns about north korea showing up in the marketplace, but not in

also with us, for the hour, josh brown, jim lebenthal, steve weis kevin o'leary is here, the chairman

. >> "shark tank's" kevin o'leary advises to put it in different banks and diversify your investmentslet them compete for your business. >> reporter: and always go for the lump sum payment. >> get the cash up front. why? because states in many cases are technically bankrupt. >> reporter: so get that money, live off the interest. hire a good lawyer and an accountant. someone that you can send requests to so every time a family member or a friend or a distant acquaintance comes looking for money all you have to do is my adviser makes me send all of these decisions past her or him. they're the one who makes them. so now you're set, ready to go. >> you have solved the high definition of a high class problem. >> you're very welcome. >> thank you, rebecca. let's get back over to amy. >>> now to a parenting alert about a new form of cyberbullying, a growing trend called roasting where children ask others to insult them on social media. abc's t.j. holmes is back and he sat down with a group of teens to find out more about this. good morning, t.j. >> reporter: good morning. this is how it all

also with us is kevin o'leary, good to have you both along and michael, since we're going to have moree of all of the stories today, i want to dwell for a moment on how strong the nasdaq has been. look at the biotech stocks up 7% today. inside i think maybe had some earnings, it was up 10%. the ibb, the biotech index is up 2% we've had significant break throughs not only the steal with the cart t advancements, but also the news today about treatments for kids who might have some of those issues as well >> yes and a group we talk about last but related is life science tools, medical tools and devices, been one of the strongest groups in the market i think the theme there is gross stocks baetding value. even though banks were up today. good economic data today, gdp 3% it's been kind of a grab for those growth stocks that have worked largely for this year look, i think the market basically up a half percent in terms of the broad market. it's probably slightly encouraging given the fact that yes, it means yesterday that wasn't a one-day wonder. we're at middle of the range as it looms tomo

. >> all right good stuff here, thank you we are also bringing in kevin o'leary here, the fed chairmant mean? c nbc chairman, i think you are a c nbc contributor, that's what i think. what do you think about this announcement today and amazon's plans for whole foods? >> i think it's clearly what's going to happen. i think i sucked earlier, it was a little earlier than mark anticipated. what's happening in the entire retail space now, this was an area investors like me used to love, because cash flows were very high in the entire sector, extremely predictable and stable all of that in the last five years has been thrown out the window and now, retail, including this announcement, look what happened to the grocers during mid-day as this came out t. volatility in this sector is unprecedented and i don't think it's investible yet. i just simply wait until we find out what the new normal is going to be. let's wait 12 months to see what the prices look like in krogers and if whole foods let's see how much the margins are crushed by amazon's entry. remember, they don't make money. they don't