Tyler is out today, but as i mentioned, brian is live in l. A. They there, brian. Reporter hey, mandy. Happy friday. That comcast Time Warner Cable deal is off, disconnected, if you will. Comcast is the Parent Company of this network and it is ending its deal to buy Time Warner Cable. This is following regulatory scrutiny. Our ceo, Brian Roberts, on cnbcs squawk box earlier today saying it is simply time to move on. So where did it all fall apart and what now . David faber joining us with more. David . With its deal to be acquired by comcast no longer on the table, one of the key questions is what does Time Warner Cable do . The company will be report earnings next week well see how good they look and whether or not, of course Charter Communications, which had pursued Time Warner Cable so much so that it found itself in the arms of comcast eventually will come back to try to do that. Charter, for its part finds itself without any of the subs it expected to be taking in. Whether through its divestitures through comcast, or whether the eventual deal to acquire greatland, which was a spunoff entity was also something in the cards for charter. With none of those in place and a Growth Strategy dependent on growing subs through acquisitions, the expectations are that charter very much is interested in acquiring Time Warner Cable. If it does so its expected to make a private negotiation. Its not going to make it public as it did last time, as it tried to at least publicly solicit support for its bid amongst time warner shareholders. What im hearing out of the time warner camp its very similar to what i heard previously over a year ago which is anatomically, theyre interested in doing whatever they can to show shareholders they have their best interests at heart. The expectations are that a price to get charter over the top would no longer be the 160 it once was, but more than that. Charter has watched its stock price go up dramatically over the last year. That will give it the ability to compete and perhaps meet those expectations. Finally, weve got our Parent Company, comcast, which finds itself without any deal of its own. First, youve got to replace the cfo. Second, you probably let the dust settle but then you get back to thinking about acquisitions. For now, Brian Roberts with tb companys ceo on squawk box earlier today indicated that buybacks may be the order of the day. Another thing this does the deal was going to slightly increase our leverage. Thats now not happening. That opens up room for further stock buybacks. And i think thats an area were thinking about. There are no shortage of subjects whether it be a global acquisition of some type wireless here in the states or perhaps getting larger in content. Thank you very much, david faber. The nasdaq just continues to march to new alltime highs right the now. Its currently sitting at 5093. Mind you, the tech bubble high on march 10th, 2000 was 5132. That was the intraday alltime high. Thats what were aiming for now. The question is which stocks have powered the nasdaq since that tech bubble peaked on march 10th 2000. Lets take a look at some of these incredible moves here behind me. You have for example, monster beverage, up more than 52,000 . Thats what i call a monster move. And the stock just keeps on going higher its up 30 this year alone, and it has more than doubled in the past one year. Then we have keurig green mountain. Its up 28,000 since march 2000. Tractor supply here in the middle, up 8,000 . Gilead sciences and rally automotive up about 4,500 . Eight incredible moves there. Why dont we then head to the nasdaq and find out the big moves today with bertha coombs. Mandy, they say history doesnt repeat but it rhymes. And this week big cap tech reasserting itself and certainly, yesterday, was the big juggernaut. If you take a look the nasdaq composite is up above 5,000 for the fifth straight day. Fourth straight day of gains. But its the nasdaq 100 thats really moving forward here up more than 4 for the week, powered by those big cap tech earnings. Amazon is the big move. Amazon having its best weekly gain since back in 1999 on the heels of that astonishing number and just how big its Cloud Business is. We have seen the cloud and amazon has a huge piece of it. Its market cap today, topping 208 billion. Its going to make it a bigger lifter now within the nasdaq 100. The other heavy lifters today, microsoft. The old name huge name for microsoft on the back of that cloud break that the street seems to like as well. Also google more discipline in its spending and apple is on deck next week. Thats going to be a big mover when we see just what kind of cash apple returns to shareholders, notwithstanding the earnings and the numbers on iphones and apple watches. And then of course, we do have biotech. Today, were doing this without the help of chip stocks without the help of biotech stocks. That dance continues between mye kr krlan, perrigo and teva. A dance of unrequited drug and biotech a drag. A dance of unrequited love what a fantastic way to put it. Were actually going to go into more detail on that love triangle in just a second. In the meantime, Morgan Brennan with a news alert. Hi mandy, thats right. Weve got the weekly u. S. Oil drilling rig count from baker hughes has just come out. And according to that in the u. S. , Oil Drilling Rigs are down by 31 to 703. Thats a slightly faster pace than we saw last week when they declined 26. Just to put that in further perspective, we are now down by 831 u. S. Oil rigs from a year ago, when the rig count stood at 1,534. Checking oil prices neither one really moving on this news but continuing to see the drop this rig counts. Back over to you. All right. Lets get back now to stocks and keep the focus squarely on technology. We are joined now by a couple of really smart guys who maybe feel a little bit differently than the nasdaq. Weve got nasdaq bull jimmy rio, he is managing director at Tjm Institutional Services and jeff killberg taking more of the bear stance hes ceo of kkm financial. Jim, i want to go back to stock picking versus indexing i think the nasdaq run on the stats that mandy gave are incredibly important. Not everyone is going to pick the kind of winning stocks that we highlighted. But look at the gains in se monster beverage 52,000 , and the triple q just get back to where it was 15 years ago, not to mention the time loss of money, it does make an argument for, if you can do it smart stock picking. Yeah but thats hard to do brian. Guys our age, i dont know anything about it, i dont even understand it. Dont say our age, say your age. Im going to swing and miss on a stock like that. Microsoft, i feel a kinship to. Its as old and boring as i am. But to think that someones going to consistently pick the monster beverages out of the whole pile to me that seems like a tall order unless youre really plugged into what those crazy kids are doing these days. My point is this goes it does in some cases, go toward im not bashing indexing. Index, longterm, slow growth but, if you are able to find somebody that can pick stocks or do them yourself you can make the outsized gains. Do you see anything like this happening down the road for the nasdaq . Without a doubt, sully. Active management stock picking, its a much more better strategy. But this index, that is the etf that gets exposure for Retail Investors to this nasdaq 100. Think about what is going on. Everyone is getting a ribbon. Every index out there has an alltime new high. So it was inevitable the nasdaq was going to do it. They did it yesterday. Record close. But look at the five top holdings of the qq the apple, microsoft, Google Facebook and amazon. Amazon, you can argue the cloud is a fantastic piece of the data, but overall, the company is still struggling to profit. Im a little bullish right here due to the fact that weve had such tremendous growth. The italian wants to get in prp what were talking about is the board of indexing. Were talking about the nasdaq which was supposed to be the anecdote for the boredom. Its not the doughw. Granted, names like microsoft have grown into something different, but apple still straddle that is line, amazon straddles that line. So i dont think the nasdaq is boring. Its just a little overdone. Its up 25 since october 15th. Up 5 in the last month. Let it come back down to the 200day moving average. If you had put 1,000 into amazon. Com last year, it would have cost you about 33,000, today it would be 380,000. I want to point that out, for the people who did it congratulations. Have a great weekend. You miss t out on a question. I was going to ask, what happened to killers beard. I kind of liked the beard. Its gone. Lets take a look at the markets. The dow is back in positive territory for the year thanks to microsofts stronger earnings. Also, i believe, very good for mr. Bowmans pocket. I think thats about what he paid for the clippers. The s p 500 hitting a record intraday high, for the second day in a row. Bob pisani joining us now from the nyse floor and you made a great point this morning, bob, when you were saying it is a great day for seattle. Yep starbucks, microsoft, all big stars there. And thats one of the reasons Consumer Discretionary group is so up so much. The s p is in a narrow range, mandy, about six points but enough for a new high if we can stay here. We didnt yet. 2118 is where we are, we need 2117 and above to get an extraordinary high. Amazon and starbucks had great numbers, and theyre pulling that sector up. But, look financials industrials, and energy are lagging here. You sort of need them to get any real energy in the market. Speaking of energy you heard what jim was talking about. New highs and low volatility. I get complaints from the traders. They hate this rally. They say bob, choppy economic stats are a problem. Weve got flat to down earnings. Valuations are too high the feds raising rates. Can i remind everyone im not happy about earnings but earnings dropped because oil fell apart and the dollar rallied big. If anybody notices, these trends are reversing. Oil is sitting right near the highs for the years, right now, breaking out to the highest level since december 57, and mandy, the dollar rally that everyones worried about is stalling. The dollar index has now stalled out, hit its highest level over six weeks ago. Were reversing the trends mandy, that caused the biggest problem for earnings in the last quarter. That could be a big tail wind for stocks in the next couple of months. Im sure there are a lot of companies out there that are hoping for that bob. And the dollar got even weaker after that bad durable goods number for march. The big love triangle. Its forming in the world between myelan and perrigo. Will the former bigcap drug ceo is going to weigh in. Plus Abercrombie Fitch dialing back on the sexy with a major image overhaul. So what is its image now and will it be able to stand out in the crowd of teen retail space . Lots of questions. Well give you some answers, later on in the show. Well, sir. After some serious consideration id like to put in my 15year notice. Youre quitting . Technically retiring, sir. With a little help from my state farm agent i plan to retire in 15 years. Wow youre totally blindsiding me here. Whos gonna manage your accounts . This is a devastating blow i was not prepared for. Well, im gonna finish packing my things. 15 years will really sneak up on you. Jennifer with do your exit interview and adam made you a cake. Red velvet. Oh, thank you. I made this. Take charge of your retirement. Talk to a state farm agent today. The eclass has 11 intelligent driverassist systems. It recognizes pedestrians and alerts you. Warns you about incoming crosstraffic. Cameras and radar detect dangers you dont. And it can even stop by itself. So in this crash test, one things missing a crash. The 2015 eclass. See your authorized dealer for exceptional offers through mercedesbenz Financial Services. Welcome back to power lunch. Check out shares of microsoft. Steady climb after posting better than expected First Quarter earnings and revenue. Sales of its hardware and Cloud Computing products helped to offset a decline in the core windows business. You can see right here shares of microsoft are up nearly 10 . Brian, back over to you. All right morgan thank you very much. Get to some of your other business headlines on this friday. Starbucks shares jumping to alltime highs yet again. Investors loving their earnings and that 7 jump in sales. Pretty much broadbased strength across the board for starbucks. Credit suisse raising its target on the stock to 51. Apigee joining the nasdaq today. The company will raise about 87 million for that ipo. And europes biggest bank hsbc may be looking to move its headquarters out of england. The bank is considering a move back to its former home in hong kong. Hsbc stands for Hong Kong Shanghai bancorp. That stock is down more than 7 this year but actually higher slightly today. Thanks, brian. Here are the latest developments in the teva perrigo, love triangle. We have a love heart made out of pills. This is our love triangle. Ive got the triangle. And then you have mylan, over here, which is making a formaled by for perrigo here with an offer of 60 bucks in cash and 2. 2 mylan shares per perrigo share. That is after perrigo rejected an unsolicited bid on tuesday. That move also comes after teva up here at the other side of the triangle made a takeover bid for mylan, something that mylan does not want and is trying to fend off with this perrigo bid. Got that . Hows it all going to play out and will there be a deal . With us is fred and our expert in the field, meg terrell, whos been following that story from day one. Great to have you with us. Great to be here mandy. Fred how does this love triangle pan out . Very interesting. Looks like something is going to happen here. Weve got three shares. The most important thing is that this is a regulated history. Right. Its going to take a lot of scrutiny from a lot of people. If it doesnt turn consensual soon, it has more chance of going through. The Mylan Perrigo deal is less challenged. They have the private label things you see in walgreens, thats a little less challenge from a regulatory point of view but the mylan teva thing is more challenged. If the two ceos can get together and have a proper discussion maybe they can go to to the regulators together and make it work. What do you think needs the deal more . Teva or mylan . Because a lot of people are speculating that mylan really just went after perrigo defensively, maybe as just a way to get thatva to raise its offer . Both teva and mylan would like to see a deal because the business inherently is very volatile. It goes up and down based on how things happen every year with loss of products. So the more the bulk the better. Especially when you have one single product at teva and mylan making a lot of the products the more you diversify, the better. I think both need the deal. I think teva might need a little bit more because theyve had some Management Issues in the past, and they probably want to make a statement that they are not going in this direction, in a certain way, but, i think these deals do make a lot of sense, because it allows you to bulk up. It also allows you to go after margins, because you can offset your Slower Growth by margin grouping. Brian item. Hey, fred. Its Brian Sullivan in los angeles. You know, the interesting thing about this deal is that mylan, perrigo, and teva are all headquartered offshore. Mylans in the uk perrigos in dublin, and teva is an israeli company. Does the fact that they are now tax headquartered outside of america change anything about the potential for a deal here . Well it doesnt matter i think, between mylan and perrigo, because both are overseas. I think the israeli situation is more complicated, was overall, i think these deals are going to work more on operational synergies and the Financial Synergies and less on tax synergies. But it doesnt really have any fred as a guy that has done Many International deals in your day at scheringplough and others, can they thumb their nose at regulators a little more than others because where they are technically headquartered . I think regulators treat you the same everywhere. And its not easy because these are global companies. Its only the u. S. Justice department. Its the chinese regulators the regulators everywhere. And nowadays if you start getting a little concentrated it depends on how you define the market. If the market is defined broadly, then, yeah it might work. If the market is defined around say, a molecule or a cardiovascular category then it starts to become more of an issue. So i really think, if the two companies can get twogt, develop a good relationship, i think theres a good chance itll go through. So you think mylan and per groe are more likely. Because the businesses are more complimentary. Thanks again, meg. Brian, back over to you in l. A. Good news on a friday america. No more halfnaked models creeping people out at the mall. Abercrombie fitch announcing a Major Overhaul of its image. They are dialing back on the sexy. Whats the image going to be now, thats ahead. 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