Monetizing mobile, and contrary to popular belief, teens are still using it. And General Motors is beating expectations and showing signs of improvement in europe. Plus one of the cars gets a rare award from Consumer Reports. And michael dell is writing a letter saying that he at peace because of what shareholders make. And sac capital could come the kaye and we could come today, and we could have more on that. And at least eight wall street firms raising the stock on facebook and the stock is growing after the Second Quarter results were out last night. They make up 41 of facebooks edadvertising revenue s and Mar Zuckerberg on the Conference Call last night. When it comes to mobile, i am pleased with the results. We have more actives on mobile than desktops and more than half a billion people use facebook on their mobile than desktop. And jim, everybody is buzzing that it is within 14 of the ipo price of 38. Well, it is a big position for the Charitable Trust and looking bad for a while. This is a remarkable call. As great as the call was bad a year ago. They have figured it out. They are making a ton of money on the mobile, and the only people who are making money. This time last year, they didnt have a mobile strategy to speak of. This is the end of the programmatic tyranny, and programmatic floods the zones with ads and you cant make money, and they have personalized ads and last year they talked about a Gaming Company to offset syn ga zene zd people like the calls. Zuckerburg was on the call. And there was a call from schact ter, and he was trying to throw the call, and zuckerburg kept focused. There was a joke about 1,000 fathers, because there was good news. And when sacheryl sandberg i not out selling stocks, she is terrific. And now up 50 and more than a half a billion . Well, the cap x is not as bad as i thought, because the content is made by other people and not them. People want to advertise against it. If you want the younger people, you can get to them. Remember the more people who watch the super bowl watch it every single night. It is clear that you are the expert on twitter. Twitter has not taken huge share from facebook and maybe expanding pot for everybody. Interesting. One thing that came out of the call is the way that facebook is perceived around the world. It is not as passe as some make it seem in the states. It is a big deal and seen as upscale which is one of the reasons that the Global Metrics were so good. Yes, if you want to be an emerging markets player and advertise, and lieber not that happy with the margins this morning, but you have to funnel money to facebook. Facebook is funny. For instance i asked my kids, hey, you guys ever click on an ad . What are you kidding, dad. Of course not. Okay. We bought ten tshirts of the red hot chili peppers. And i said, how did you get there . And they say an embedded ad. They dont want to admit they are ordering a lot of pizzas from dominos. And 409 million daily active users. Up from 425 last year. It is incredible. All of the upgrades and you took a shot at ridgefield green going to sell to whole or going to neutral . Well, i have a little fun. You know me, with the charity call and malice towards well, get that lincoln guy, because sometimes i miss him. If they are getting to the monetizing without alienating, do you buy here and how long until it gets to 38 . Well, i think that it will go to straight shot to 38 to be honest. You do . No one, and everyday we sit here and say if anybody had Revenue Growth we would love them and margins, but this company has the most outstanding growth even better than slumb schlumberger in terms of expectations and everything is falling to the bottom line, because they dont have a cost structure, and when you have local advertising and consumer goods and advertisers, you will take shares from everybody. This is google. When they read this, they will say, holy cow, we have been panted by facebook and they use the verb. They were panted. And google is not monetizing mobile. It is great, but facebook said, basically, hey, listen, you want to advertise with us, it will cost you more money than last quarter and not less. So a company that managed to execute over an incredibly important challenge that it faced. Yes. And zuckerberg, look, these guys didnt know how to run a call last time. Right. This call was a well orchestrated and it had the feeling of tom brady and the patriots with 2 00 left. Okay. You just know he had total con fi dense and the First Quarter was not that good and the second not, but the third and the fourth quarter, they put them away. And going back to all of the quarters, g. E. , the goldmans and all of the good quarters, jpmorgan, dupont, is this the best quarter . They all wish they were facebook. This is the best . Yes. In is a real growth stock. Yes. We have talked a long time especially when it went public that growth was decelerating and went public too late in the growth cycle, but it is a real growth company. It is and more than 70 of the average users use the Services Daily and increases local businesses love it. Remember, when they talked about the lysol ad and the airwick ad five times the investment, and they said last year we have war craft. No, these are mainstream companies. Ad impression is up 40 , and price per ad up 13 , and how did they do this . How did you do this so much more and saying i stead instead of 1. 8 cap x, and how did they do it . And remember that gm said they did not want to advertise. A long way from that, and we should talk about gm because it is going to bu g ting to be up, much as facebook. And they had earnings far above estimate estimates. And now earlier on squawk box the gm cfo was asked if the company has turned the kocornern europe. We have made some very, very Good Progress year over year in europe through the first half of the year. Really led by a new product launches into the marketplace and aggressive cost control working on, and we have a great team on the ground in europe that is executing, and what remains a challenging macroeconomic environment, but it is the product driven and cost driven and progress year to date. What can i say . They deliver indeed. The guy should have gotten a bonus for the ceo. And remember gm is remarkable and europe a turn, and this is the resurgence and this is going to sound like gingoism, but ford and gm back. And today, chevy impala is called the best new u. S. Sedan and the first time that a u. S. Car has been kacalled that. Have you been in one . No. I went to the wedding and a guy pulls up in a black car and said, what is that . It is an impala and i wanted to drive that, but i am too busy driving my f150 super duty truck. Well, plugging that thing in, and i dont know how many things you need to work on the roads. I like cars and the impala rode smoothly and terrific and so was the wedding. They worked through the inventory of the pickups and the european loss we should point out narrowing to 110 million from 394. Alan mulally, i love what you did in europe, and gm did better and you were behind ford. Gm is back. The stock is a total winner. I know that this is an example of the torch of housing seems to be passed to the torch of auto, because the housing numbers of the Home Builders were not that great. And industrials here, 3m is reporting Second Quarter earnings 1. 71 and slightly above and the revenue in line, and scotch tape said it saw sales grow across most of the Business Units and organic local currency sales up 2. 3 and hit 1. 3. Well, last quarter they slashed the outlook, and this is going to look at the outlook they slashed. They are doing a great job, but it is a World Wide Company and frankly moved from 108 when they reported from 108 to 103 and now from 117 back to 115 and that is going to make sense because they verify what they would do and no more than that. And dow chemical beats by a penny and the revenues beat, but flat. Ag revenue up 10 , and the latin American Farmers are spending like gang busters. That is what agco told me, and we all think of deere, and obviously, monsanto good, and you know, we are not seeing the turn in europe that he necessarily wants, but he has been taking advantage of a great guest this morning and taking advantage of the natural gas glut tons and making plastics for a far cheaper price than he can. One of the takeaways from the quarter are the food scares forcing the shoppers the buy more prepackaged goods and one reason that the plastics revenue was up onethird. Well, in china, and i saw yum coming back, too, and people are remembering that there is less corruption in the food chain but a lot of people are buzzing about smithfield and what the chinese would do. What would the chinese do . I mean and then theres raytheon. Raytheon with 164 beating 1. 30, and they raise the forecast and sequestration is defense, defense. Northrup grumman is much better, and look at the gold standards, and Northrup Grumman is upgraded by Merrill Lynch and people were behind in the move. Mcnerney said in the call that we are beginning to see the sequestration, and u. S. Air talking about how sequestration hurt the airline industry, but the defense contractors and everybody was short and believed it was a laid up short, and it w wasnt. Maybe not for now. But everybody has to believe. Eventually. The Defense Budget over time will not rise as much as it has, and in fact, maybe go down. Well, the government, and well telegraphed that a lot of the guys took out costs and you could see still some mergers and remember that the allies are coming, and the people who were not defending are buying stock. I know you want to be the world wide policeman. No, the cost of the joint Strike Fighter and for per plane. Each one worth a gilead. Yes, close to it. Not quite 91 billion, but not far from it. And they are sell gene. And we will get to celgene and bios. The bears will say, but crocs, crocs. Yeah, i went to the playground and i got that wrong. When we come back, michael dell says that he is at peace and should dell shareholders feel the same way . The latest on the companys buyout battle coming up. And the economist who is putting the kardashians and u. S. Gdp in the same sentence. We will have him explain why he is doing that. As you listen to the musical stylings of kim kardashian, look at the futures and we will see if yesterday was the beginning of something new for the market, but the futures are down 54 and more squawk on the street back in a moment. Dell Founder Michael dell says that he is at peace at whatever the shareholders decide over his offer to take the company profit. In the letter to shareholderings he repeated that the current voting rules are unfair and should be changed. The rules say that the shares not voted and this is the delaware standard, essentially counts as votes against the going private transaction, because you need a majority of the outstandings as opposed to the majority of those who voted and in this case, it duds noes include mr. Dells 16 holdings overall. And we will see that yesterday highly unlikely that the special committee will see it that way, and the protests and those of silver lake and marty lipton is making impassioned pleas as to why they should change the standard to simply a majority of the shares voted or even allow mr. Dell the vote his shares as well. That is not going to seem likely, but one question that i have seemed to explore because i continue to hear that michael dell is willing to go higher than 13. 75, if he is willing to put his money in and silver lake was not required to as by the way took place in the sixth bump that they did in the process of trying to buy the company. That is when michael dell tookless for his shares, than he was putting in, allowing it to be a bump essentially, but what i continue the hear is that silver lake continues to refuse with the Partnership Given that they will be together in owning the company, and wanted to have a different return on investment parameter than the other, and we kind of get that. It does appear that 13. 75 is going to be best and final as mr. Dell of course said in the letter, and we have heard a number of times including from the bank mark shafir yesterday on squawk on the street. If i heard a buck for best and final and didnt turn out that way, i would be richer, but in this case, i hear that the guys are tired, and they want to go to their homes in hawaii. The ceo from silver lake owns a house in hawaii and michael dell owns most of hawaii. Do they live near each other . Yes, they live near each other, and they want to get the vote over with one way or another, and be at peace and call it a summer. At peace. At peace well, i dont know. What does that mean . I dont know. By the way my name is ten bears and i want peace. Well, this is the last thing that will be happening if it is voted down for michael dell. And i have a guy carl icahn who does not understand that word at all. No. At peace. I dont know. To me, this thing no. So maybe they 13. 75 and get rid of the conditions here which is that the special committee has to change the voting provisions and put it to the shareholders at 13. 75 next week. Hawaii, 13. 75. I argue that it is taking a toll on those involved and those who have to cover it and those who have to listen it, because we have the comments from the viewers everyday saying, when is this going to be over . I am hopeful next week over or just starting. Right. And meanwhile the whole pc world continues to decline dramatically. And the report of the chief yeah. Technology officers saying, hey, you know, you guys have to figure this out. This company has lost value literally by the day. So, to you, i am still waiting for the sold to you. Eight days until august 2nd. Meantime, does your portfolio need a wakeup call . Cramer is on the case. Get ready for the mad dash coming up next. The futures are looking weak on what is probably the single busiest day of earning season. A lot more to come today and tonight. We are back in a minute. N . People find out state farm does car loans as well as they do insurance, our bank is through. Good point. Grab an edge. Look theres two guys on the state farm borrow Better Banking sign. Nope for real theres two dudes on the state farm borrow Better Banking sign. [ reporter ] breaking news from the state farm borrow Better Banking sign. Were seeing two men that have climbed the borrow Better Banking sign gentlemen please get down from the state farm borrow Better Banking sign. Phil get the hose. Okay hes getting the hose. Alright, lets go. 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Shining star no matter who you are what you can truly be that is minutes before the opening bell time, and putting cramers mad dash on this thursday morning, and lets start with sirius, because the numbers are looking quite good. Yes, the chinese star earth, wind, far going back to 1973, and going back to the soundtrack, and this company, david, i cant believe how much money they are making. This is a lazarus story back from the dead. Some of it is auto sales and some of it is management. And i know you know them. Liberty controls the company and put in a new ceo and after mel karmazen goes up, and you can see that is subscriber growth is good and the churn is low. And so it turns out that it is a real company. Absolutely a great Business Model. Mel got his couple million and then where exactly would you say that lib erty got in . Here or here . Well, it is more or less or maybe here. The cost is that. Infinite return for them. Unbelievable. One of the greatest. And for liberty that it was going if go bankrupt when lib r liberty came in with the huge infusion of cash which they converted to common and now cop troll the company, and there we are. 3. 78, but an awful lot of shares out there. And yes, for the people who held on, congratulations, because you had to go through the wilderness to hang on. One stock that is not hanging on. Crocs. A lot of people who felt that there is a kind of footwear bull market everywhere and under armour did report great numbers, but goldman has an abject why we were wrong piece of research. They had been the big bull in the name, and i have to tell you that there is a glut, and this is one of the calls where they start out saying that our business overseas is great, but unfortunately the americas are not that hey, hello that is what we are thinking. Ip know vat more, and come up with more styles . Yes, one of the things that you have to do is that you cannot footwear is a