Docket. Well be getting julys Producer Price index. Well have august Empire State Survey. Geopolitics once again dominating Global Market headlines. Here is the latest on the situation in ukraine. Ukrainian officials are inspecting a russian aid convoy parked just beyond its border. The developments suggest easing of tensions over the shipment, but it could be short lived. Nearly a dozen personnel carriers showed up. Nuri al maliki stepping down amid pressure. The its still plans to target terrorists on the ground. Soda giant cocacola buying a major stake in monster beverage. Price tag, more than 2 billion. Monster had transfer its nonenergy business to coke. Rare news in the Retail Sector lately, a winner. Jcpenney posting better than expected same store quarterly sales. The Department Store had a loss, but there they are in the premarket. Allibab alibabas first used says it is going to work out. Alibaba completed its purchase of a media unit less than two months ago. Thank you, scott. Good to see you. If you cant get carl icahn, the next best thing. Thats why the other networks yeah. Are you calling him this morning to get him on our show . Werent you at hit house this morning . Especially on a thursday. What is have you had monster . Because 2 billion, thats a lot of money for a company, i guess. But if i were coke, and there were upstarts that had some new ideas and stuff, wouldnt you just buy them . He was just on and this is if this is something with a lot of potential to take business away from coke, then well, this that universe. Especially as americans are drinking less soda. I understand this completely. First, green empty. Now youre going to need a memory. I can talk about what is happening today. What happened . Did they buy Green Mountain . Well, they have a stake in it. Lets look at the markets this morning. Did you see yesterday . Things that happen on the show, apparently wait a minute. Did you get a haircut yesterday . I got them all cut. I did, yes. Nothing like yourself, duty. That is and thats been growing for a while. Thats right. You didnt get that caught this week, right . No. Every two weeks, a haircut . Every three weeks. But you do the high and tight. You can be in like an officer and a gentleman basically. Lets check on the markets. 167 on the dow. And its been a slow, steady increase for this week and the last week after that retrenchment week which people thought might lead to a 10 pullback, you about did not. At this point, i dont know, i think you might have to think we go to new highs before i dont know if we go back down. This is going to be the best week in six weeks. Thats what you thought. You said you were going down. Here is our guy. Military vehicles, intersxe sxi. Does he not think about our portfolios . No, he does, very deliberately. The portfolios did get messed up. Lets say he loses 20 of his net worth, putin pep goes from 100 billion to 80 billion, right . Russian stocks. His neglect worth is 100 billion. The richest man in the world. I dont doubt that. And you cant get some people you dont like. Torture and kill them no, he doesnt do that. Lets take a look at the oil markets today because thats the one area for all the geopolitical tension where it all for us, where we try and watch it. 95. 47. The tenyear has been how long have we been between 2. 4 2. 3 and another note this morning pointing out, 2. 4 , its on its way to 2 he says this morning again. That doesnt mean for a better economy. It just means europe is the worst economy. Comparedive speaking, very briefly yesterday, where would you rather put your money . Its august and i missed the boat. The chevy chase european vacation, because you could go now at 1. 33 on the euro. Its better. People think that hes going to do full blown qe. Full below qe. Will we have time off at this point . Then are you available to do you like this gig now . Can you get up . You dont mind getting up early . Its okay. The shock hat worn off at this point. I like you. Thank you. Youre welcome. In a manly way. I dont know if anybody was trying to figure out how what quality of like you were referring to, but its like funny how. All right. Doug, quickly. Nothing happened there. The world is falling apart. Right now, the aid convoy, ukraine is being inspected by customs and border officials. And the 280 trucks are parked just beyond the Ukraine Border with red cross and russian representatives taking part in this effort. Who better to ask than jack jacobs . He was rolling his eyes when i asked scott about getting up early. You used to sleep yeah. You would be up and watch all night long. Youd be out on a patrol, come back, go to sleep. Invariably get to sleep for about 45 minutes before somebody is attacked at base camp and you have to fight all night. Not a great deal of fun. Scott and i are looking at each other we play ping ball. Yeah, its a little more serious. But if you see sleep, you cant even get to sleep in the thatter . Oh, yeah. A lot of times if you went to ranger school, for example, you would be out on a fiveday patrol with extensively no sleep. You would have to make sure the count got sent up to make sure you had everybody. And might be must be shooting bullets at you every minute . Thats the kind talking about the guy who was supposed to be watching is falling asleep and you see the guy coming through and he missed. Nothing will get your attention and wake you up more quickly than somebody arguably trying to kill you. Its good to have you here. In your heart of hearts, what do you think is happening here . I think putin is trying his best to squeeze as much as possible and see if he can get ammunition and weapons into the ukrainian levels. And i think you might succeed. I think what is happening is he will be able to drift into the ukrainian levels. Having a high degree of confidence that nobody is going to do anything. What are we going to do . When the mh17 went down, people are saying russians are terrible people, kill all of our countrymen. This is in the netherlands. Killed our country, lets stink, lets paralyze him. And somebody said, yeah, yeah, except we get our natural gas from russia and by the way, winter is coming. And it all dried up. None of the restrictions that are on the world. He knows not even the United States nor europe is going to squeeze him. Colonel, i know getting natural gas from the United States would take years. We havent exactly jumped on the stick and moved forward with this. If we were to do Something Like that, would that greatly diminish putin and russias power . Absolutely. No doubt about it. And right now, were not moving fast enough. Its interesting. We think about the military instrument of power. We think about if dm diplomatic instrument ooh power. We never think seriously about coalescing them all into one enormous capability to sympathy ewe rate events. Can i ask you about iraq for a moment . The significant avenue the discussion, what is going to happen and what the ramifications would be. What do you think now . Img this is a very big deal, indeed, and extremely positive. I dont think its going to change very much the difficulty iraq has in the north. Isis is going to continue to try to take over that area, is going to continue to harass the kurds. Were going to continue to have to drop bombs on small units of isis to keep them away. The key note is maybe thats all we have to do. If he leaves, does it not take some of the pressure off the president and the United States to have to do more . The short answer is youre right. But it really means that the iraqi army has to get serious about defending the entire country. Earlier, youve got the whole social problem between sunni and shia. There has to be a resolution to that problem politically in baghdad. Meanwhile, stuff is going to continue to happen up in the north. Were going to continue dropping bombs. Were going to have special forces there to train, assist, getting them back up to speed. Weve gone to have selected raids on arths up north. Not to say it wont be forever, but for a long period of time. And there is afghanistan, too. That is not the most we dont like any of our guys getting killed, but that is like did that shock you when you saw it . When was the last time a general was killed in the last time a general officer was killed in the was well, you could argue that on 9 11, in the pentagon, general maud, the three star, the only get chief of staff for personnel, that was killed when the plane crashed a couple before that, would have been vietnam . Vietnam. So were talking about 47 years ago. And that wasnt common then, either. By the way, including somebody wod been a medal of honor recipients in the First World War who is the first commander in the first infantry decision. Just as a note, you cant just say wow, afghanistan either. That is unbelievable. That is the country thats afghanistan is the least fixed place in which weve been involved recently. I mean, the whole reason is afghanistan is a mess for a different reason than iraq is a mess. Do you want to talk about gaza . Thats on the back burner. Yeah, at the moment. But those guys are not going to stop. Where did they get all the cement that they used it was coming from egypt. Thats one of the reasons hamas started to shoot at israel because al cici took over the sealed that border off. That made hamas put hamas in big trouble. That didnt work out well for anybody. But youre right. Thats still not over yet, either. But were on top of that. Were on top of this, yes. But pick up that putt, will you. So to both of you, the point about oil, steady and maybe even falling today on iraq seem glg comi coming. Humanitarian aid, you think . No, hes doing a great job. Some weapons, some ammunition that will be in there and i dont think the ukrainians are going to find it. Awesome. Thank you. Thank you for having me on. I like talking about you, dont you . We are a soft, wimpy generation. I dont want to take up too much of youre the people out there defending us that was 40 years ago, 140 years ago, are all kids. Literally, they are kids. Thats why they call it the infantry. Theyre infants opinion young people out there defending the country and we should keep them in our minds and our hearts. If you really want to get depressed, reading about the ultimate question of whether theyre taking your life or not. In hindsight with robin williams, they were talking about guys coming back here per day. I thought it was a misprint. That take their own lives. 20 a day or something. Posttraumatic stress. When we come back this morning, the kite will give the worth a clems more. The 45th anniversary today of woodstock. Futures are indicated higher this morning, dow futures up by about 50 points. Squawk box will be right back. Dont just visit San Francisco. water dripping and pipes clanging visit tripadvisor San Francisco. soothing sound of a shower with millions of reviews, tripadvisor makes any destination better. Welcome back, everybody. Ra new milestone for Warren Buffetts berkshire hathaway, closing above the 200,000 level for the first time ever. Berkshire reporting portfolio updates for the s. E. C. Lets get to kate kelly. Buffett announced a number of new or increased stakes yesterday as part of a rash of quarterly investment filings with Charter Communications being the biggest mover. Berkshire took a 2. 3 million stake in the company. Berkshire raised its stakes in a handful of prior holdings, including verizon and gm. Berkshire reduced its holdings in directv, where it sold about 11 million shares and conco philips, where it sold off 9. 7 million shares. Allergan, the drugmaker that has become a battleground in recent months abdomen it is pursued by a hostile bid. Now other institutions are piling in, including blue mountain, paulson, viking, york and saralond. Finally, carl icahn making news with an activist filing on the Media Company gannett. And arguing that the company is undervalued and should be split up. Unsurprisingly, since some of icahns activist targets have performance so well, it spiked higher this morning. What surprises you the most . Gannett is interesting. Anytime icahn gets involved, hes calling for Management Changes or structure changes, you tend to see a pop. Activists in general have raised the price of shares, what, 6 i think over the course of five years or so. Carl is a perfect example of that. Buffett, as you well know, always moves markets. Always interesting to see what hes doing especially with his new position. Suggest a vote of confidence that this deal may come together. With the berkshire stuff, who is doing the portfolio moves . Very good point. Ackman has had a great year. He has. I dont have a defibive list, but of the hedge performances ive seen, 25 through the end of june. Its remarkable, this allergan has been a huge winner, but also berger king, canadian pacific. You have to be careful. I know we talked about this yet at some point during the day. These are different kinds of investors . You know, buffett, icahn, they hold things for a locker period of time than maybe some others that youve seen. It came out yesterday i guess that in a 13f koocherman of omega, there were able to report that he no longer has a position at all. So over longer periods of time the. Right. And you always have to make that caveat. Im happy that we at least have a new batch. Until two days ago, i was using like end of march numbers. Its impossible with some of the big Money Managers that do momentum training. Who knows what theyre holding at any given time. Come in and talked about how to do an arbitrage on things. And one other thing well talk about in the 7 00 hour, david tepper. Some interesting moves there. He said it was nervous time during this quarter where were now seeing the filings. And it looks like he rm was. He pulled back on some financials and auto related companies. Thats interesting, too. That is maybe later, as well. Coming up, a positive report from jcpenney, a power shift in iraq and that russian convoy. Which of these stories has traders buzzing this morning . And as we head to break, stay a look at yesterdays winners lose rs. What if there was a credit card where the reward was that new car smell and the freedom of the open road . A card that gave you that im 16 and just got my first car feeling. Presenting the buypower card from capital one. Redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac with no limits. So every time you use it, youre not just shopping for goods. 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Tdd 18003452550 so you can take charge of your trading. Good morning. Welcome back to squawk box here on cnbc. I just i remember sorros what do you want . I just remember his huge bet on s p puts. He increased it. 2013. August of 2013. So its 16 and i think he had done it prior to that. Lets just do 1632 with 1955 now on the s p. So what is that, 3 1632 . 1632 and 1955. 323. Deviced by 1632. 323 divided by 1632. So hes 19 . Almost 20 . You round it up to 20. So hes right now, he needs a bear market to get even. Im joe kernen. He said it in august of who cares if hes saying it now . I just were going to because you dont its 13f. Its within a 13f and why do we listen to any if he was bearish 20 ago, maybe he has a chance to do more right now. Im joe kernen with becky quick and scott wapner. Anyw anyway, andrew is off today. Yes. Hes on vacation. And you graciously accepted to come in for this. Arent you glad. Making headlines, the wall street journal reports that the s. E. C. Is widening its probe of technology to include the companys auditors. The social Media Company was more than 6 billion before its shares plummeted. Where is whats his face . Cynk takes on a whole new meaning. Who did this . Is someone back in here . I mean, you know, how does that happen . Seriously, wapner, please. Something is going on. Thats just purely i dont know. The company made a lot of news in june when Trading Volume soared and the stock skyrocketed, even though the company had no revenue. It was described as development stage. Regulators want to know whether reuters or accountants are involved in penny stock fraud duh having about different questions. Now they have to move tight a new state to get a fair trial, right . Maybe. Seriously, look at that. Its outrageous. Its route rageus, thank you. Shes around. Paypal is currently in talks with bitcoin exchanges to integrate the currency in its exchange systems. That currency has been slowly gaining acceptance with businesses. Now, sprints new ceo says the company will introduce what hes calling very disruptive prices next week. He says his first order of business is cutting prices. Sprints new leader is telling employees, he wants to make sure every customer in america thinks twice about signing up with a competitor. Josh, good to see you this morning. Good morning. We talked earlier, were working on the best week in six for stocks. How long do we continue that . I think short terms, stocks are going to continue to melt higher here. You know the back drop outside of geopolitical headlines which are awfully tough to price, the back drop for stocks remains higher. You have a number of Fund Managers. Almost 75 of Equity Fund Managers that are underperformed the benchmark this year. And with the fed remaining in this slow, deliberate Interest Rate policy they currently have in terms of tapering and maybe tightening in 2015,