mark mahaney, thanks. >> thanks, jon. >> vm ware surging, following a strong earnings beat cnbc exclusivempany's ceo is coming up. >> first rick santelli, what are you watching today >> the markets we had a solid jobs report there's been hand-off this week, from politics, which the markets ndenls tike, to economic fuamtahat were pretty good we'll talk about that after the break. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com >>> i'm scott wapner summer setup for stocks. why this could be the perfect environment forthe bull market >>> plus, one analyst changing his price target on twitter. where he thinks it could go now. and trading health care before one of the biggest industry events of the year, our meg tirrell will be here with the names you need to know about that's all at noon carl, that means we're less than 15 away. see you in a bit. >> see you then scott,

that's from analyst mark mahaney who joins us this morning.ee you today. >> good morning, carl. >> we discussed your note in the 9:00 a.m. with cramer. it got a lot of attention. what do we mean here the term peak and amazon don't go together often lately. >> no, you're right. this may have been one of the least bullish notes i've written on amazon in about 12 years. this is the sixth annual consumer survey we've done, just in the u.s obviously there's limits there a lot of amazon that's outside the u.s. we did see continued record high kind of penetration of number of u.s. consumers, about 90% of them, they'll pick amazon over any other online retail site when it comes to where they want to shop. that's consistent the last three to four years where there was a little bit of negative surprise was satisfaction scores amongst amazon customers intrinsically high but maybe suboptimal quality controls may be causing a bit of a ripple there. that's something that amazon may need to fix. the other point that was a surprise to us, negative surprise, w

rbc's mark mahaney is going to join us with bold new predictions on amazon.299 we're back in a minute >>> the dow a little lower groups in the s&p 500 lower. nasdaq composite is lower. the semis, particularly ugly, on fears of trade tensions escalating american express, walmart and coca-cola remain notable winners here want to go to diana olick now. a decision that the supreme cout >> a big win for american express in this case the supreme court affirmed a lower court's decision that american express was not violating any antitrust rules. this case was about 17 states claiming that by american express making vendors not say anything to customers about possibly higher fees that american express charges to them, that that was violating antitrust rules. the supreme court said the plfrs offered no rules that the price of credit card transactions was high thaern one would expect to find in a competitive market the merchant fee increases between 2005 and 2010 were not entirely spent on cardholder rewards does not prove that amex's anti-steering provisions gave it t

when we come back, mark mahaney has a few challenges involving amazon as you know, the dow and s&p ising off the highest loss since june and a drop on the nasdaq would be the first since may and the futures look pretty good here. back in a minute find the remote yet? nah. honey look, your old portable cd player. my high school rethainer. oh don't... it's early 90s sitcom star dave coulier... cut...it...out! [laughing] what year is it? as long as stuff gets lost in the couch, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flight for me. so i'm more than confident. how's your family? kayak. search one and done. ♪ ♪ ♪ >> comcast making its bid for fox assets official. our david faber has the story since the ball began to roll and he joins us on the phone good to talk to you. what's important to know this morning? >> you know, i think, carl, we were talking about this yesterday, in terms of how this will p

. >>> rbc's mark mahaney hear what he has to say about his new note on netflix.nearly every component in the green this morning back in a moment ron! soh really? going on at schwab. thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management. welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com >>> dow up 220 join us monday on "squawk on the street." steve easterbrook, the ceo of mcdonald's will join us. we'll talk about the future of the restaurant chain, so much to mpt to with the has of that coany. 9:00 a.m. eastern on mond