Our roadmap begins with the look at the gdp, and better than expected and what does this mean for the feds next move as we countdown the to the decision this afternoon. And facebook has friends and trading above the ipo and priced at 38 in the premarket and the First Time Since that ipo in may of 2012. And the story that faber flagged last year, bill ackman said he did own a stake. And fords nat gas guzzler and cramer is wait ing ting the it. And the new jobs numbers from adp showing that private employers added 2,000 job tho 2 july which is ahead of expectations. The fed will wrap up a twoday meeting today and issue a policy today and investors will look for any new indication ofgs when the fed will scale back the bondbuying program. Even though 1. 7 is not fireworks some say we might be in taper territory with this number. Well, they dont need to taper, because inflation is low. They dont need to taper, because the employment is not there yet, but the employment nu numbers have been coming out right now, and better than expected and the bond market is moving and again 2. 75, and in sights of the 10year and Mortgage Rates will go up if we get that. So it is mixed news. It is hard to have a stock market really take off when the Interest Rates are rising. And roughly of 200k growth and two good months in a row, and then june revised up to 198 and not bad. Well, this is why the market is taking it into its own hand, and fed doing something, but the bond market saying demand is coming, and this is by the way, the federal government is cutting jobs left and rig, and a big story in the paper about the corporate taxes and i doubt there is a deal, because the gop never sees eye to eye, but the economy is Getting Better, and the Interest Rates are getting higher. Right. This is good news and we will see what the unemployment is going to be friday. Thank you for saying it is good news. It is. And we will see what the gdp number is, even though people expect it to be stronger, and we will see how we end the year in the face of what you say a government does everything to screw it up. Everything. And or china if they get to 7. 5 , but they are certainly not the engine they once were. And europe is turning up in the eurozone. Somebody has been telling me that for months. And the gdp consumption was a beat at 1. 8 and business inv investment up, but as you point out, offset by the imports which were big, and then of course, the federal spending, which again continues to be that weight around our ankles. You would expect at this point to be some letup and a little more fed spending, but state spending is coming back and city spending coming back and those can be big drivers of employment, and donter forget that. And the jobs number is the big day the point friday, and by the way, the nail the number contest continues, and this is a good one this year, jim. A cnbc tote bag signed by everybody and filled with cash, and dont forget to nail the numb number. It is high quality. I have to tell you. And it is a nice bag. Wabt one. Nobody has given me that bag. We keep upping it, i dont know what it is next month, but the trinkets are nicer and nice nicer. And we are getting your house at the shore . Oh, really . Your house at the shore for labor day weekend. Tweet us at squawk on the street. Right. And this is ahead of the 8 30 release on friday morning. Jim is saying that the facebook is crossing the 48 ipo price, and first time that the stock has crossed that price since it went public last year. There were as high as 38. 05 and now the shares have surged is more than 40 in the last week after the Quarterly Results last week, andff that, cramer called the climb straight to 38 and a straight shot. If you believe that they are monetizing without alienating, do you buy here and how long until it gets to 38 . I think that it will go a straight shot to 38 to be honest. All right. That was 40 ago as we pointed out this morning on twitter. It is nice to be right. Yes. And is it your Largest Holding in the charitable trust. Yes. And why did we go so big in this . It is simple, carl, because they have the holy grail. Nobody can reach the millennials and the right demo so to speak on the web except for facebook and they have figured it out with nonintrusive ads. These guys were always smart, but they had a bad ipo and now holy cow, the firepower of zuckerberg, and he is remarkable to generate clicks on ads by the people that you want. So if you are a major consumer of Consumer Products company, you have to call facebook and you must advertise. Or buy. And the mom and pop paper, usa today, all about the investors refriending facebook, and now that the people are whole theoretically, jim, what do you do now . Well, you should get a wave of selling by people who always say, hey, listen, im back to even, and thank the lord. But there are not that many people who stayed. And 40 years in the wilderness and lots that happened before they got to cana canaan, but here is what you need to know, the facebook numbers are in a virtual circle, and meaning that if you listened to the call and you are not going to call omnicome, and you are saying, this is the biggest buyer i have and get me the 23yearolds. And the flubbed ipo and what disconcerted the people in the early days was simply the growth rate coming down. Right. Now are you saying that it is reversing itself . They have a mobile strategy and even google which i love, because i think that it is great here and great opportunity, but google did not come up with a appropriate mobile strategy. Remember, there is a vicious form of advertising and call it and one or two analogies. There is night time saturation bombing which is programmatic selling, and you give them a ad and they blast it everywhere and then there is daylight precision bombing, and say, i want to reach x. The anheuserbusch, and maybe after that quarter they have a lot of money, but this is embedded, reaching x and everybody wins, but i dont know why you would go with this Programmatic Advertising program of google if you can do the targeted campaigning because of the precision bombing without the lozs that losses. It is fabulous. The high of the day of the ipo was 45. Oh, man. Yes . No . Yay . Nay . Well, the stock went up way too fast. It is a parabolic move. And i havent seen moves like this in anything other than takeovers. Parabolic. Well, what is interesting from a longer term perspective, this is a company that found itself in a difficult position early in the life with the botched ipo, but more significant changes in the business that it seems to have effectively responded to, so doesnt that point to management. We all had the doubts to some point about zuckerbergs age and management, and it is a something to come out on the other side. One thing that is great is that they were abject, and we didnt know mobile and see it coming, but i dont know if you are in touch with the people coming out of college some the best producers. They wanted to go the facebook and always wanted to go the facebook, and this is a crowd of the people who are the smart nest the worest in the wo go the facebook instead of google. And i will say it is a sweat shop. They make the people from m. I. T. Who could be at nasa, but nasa is cutting back, and they go there and work eight days a week, and that is enough to show they care. Just like the beatles, and we will watch it. It is one to watch today. And by bill Ackmans Pershing Square is taking a hit because it cost ackman 2. 2 billion to acquire, and it is the biggest investment made for Pershing Square at cost. I can tell you that there is speculation that in fact air products is the target of one mr. William ackman who runs Pershing Square. What is funny is that fedex today, david, is down, and as we know they are not it. There was a lot of speculation when he came out with the letter on july 8th trying to raise money for an spv and it is unclear if he was able to raise that money for the special provision vehicle to make this investment. There was speculation that it was fedex as the target. He likes the higher profiles kinds of names, but in the case he goes after air products which we told you he was when they put in the poison pill citing unusual activity in the stock, and i had sources who felt strongly that it was, and bill would not confirm it to me, but of course, he did to us this morning to our own becky quick. But to this point, i have not looked in the last five minutes a 13b filing giving us a sepsns of what he is thinking. He has not spoken to the air products management, but jim, when you talk to the people who know the company they say maybe he is after operational improvements, but we trade at the threeyear track record and the return on capitol and judge us by the metrics that we judge the competitor through, it is not clear what he is going to go through in owning this roughly 10 stake. They have a staggered board and poisoned pill to prevent him from going to 15 , and if he wants to file it, he will have to do it between october and the end of this coming year. You know, we are still questions, a lot of questions. You are stuck with the earnings. The biggest one Deutsche Bank talk about the pricing pressure and the potential headwind of a very big European Business and say 2010 is the well, say, do 7. Give it a premium multiple for the rest of the group, you get like ten more points. I mean that the company is saying, listen, we have had a 2013 total shareholder return of 21. 6 through july 4th when we put in the poison pill which is more than double any of the peers in the group apparently, and even bet ter than that of prax air. So ackman is endlessly fascinating and here he is on herbalife and told becky, he has not cover ed a share. That has to be killing him. And jcpenney, marginalized to a certain extent and having made a huge change of management that failed miserably, and success in canadian pacific, but here going out to try to raise permanent capital and the spv and comes after a company that people say no m a opportunity here, and what are you going to do . Maybe a weird thing to take some of the Industrial Facilities and create a Master Limited partnership, jim. It is a real stretch. Well, i dont know. There is an element that air gas is involved in this, too, of developing the great natural gas into, you know, into a business where you need welding, and that gas goes into the welding, so that is one niche business and electronic products and this is interesting and people feel it is a sleepy allentown company and having been born close the allentown, it is a country club and maybe you come in there and shake it up. But when they tried to buy air gas, they failed. And here is a comment from a student viewer, if you are a ceo, david, and the phone ring, and would you rather the kacall i. D. Be bill ackman or carl icahn . Bill ackman, because you have more ammunition in terms of being able to effectively fight off ackman at this point. You have questions about his Decision Making or track record and carl icahn at 77, top of the game. Never been tougher. Nef been richer. Never been more willing to say,say, i will throw another 1 billion in the pie. We have more dell news, so i want to hear from him rather than ackman. And what about that is good stuff. And soon to come, he will drive the most popular vehicle in america with natural gas, and we will tell you about the new option that ford is offering. And the movie of spike lee and the Kick Starter Campaign to raise money for the next film is raising con trtroversy, becausey is someone of his stature going to startup funding . 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In fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. Im monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Ford is announcing that it will soon offer a natural gas version of the popular f150 pickup and the option is available on all 2014 versions. They say it cost the equivalent of 2 11 gallon which is well below the current gasoline prices at the pump. Would you buy . If we had the infrastructure. They will put the infrastructure in the southeast, but this is al mulally saying it is not chicken and the egg thing any more, because we will build it and they will come, but right now, they cant. Are there different fleets to fill up . I had a Student Transportation up, and they have a bus fleet, and u. P. S. Is moving quickly to order 1,000 natural gas vehicles and this is what starts the revolution, because it is the most popular truck, and now if you are chevron or shell, maybe you have to install the natural gas extensions. Well, jim, people are coming from the different sides of the aisle, but they say, boy, nice to see an energy bill out of congress to conceivably help this along, yes or no . It is not going to happen. It is not going to happen . No, it is not going to happen, and it is impossible to even imagine it. No energy strategy. Well, the question is if we did have one, and we had an executive and Congressional Branch to put it together, would it help in the effort . Well, what you need is to say, look, we will provide look, first of all. All you need is for the president to say, instead of the we favor all fuels, we have a once in a lifetime opportunity to go natural gas, because we are cleaning the skies and natural gas the break free of opec and natural gas is going to create a huge number of jobs, but the president wont give anything other than lip service it to, and that is in itself made it so companies are so unsure, and the engines do cost more, and the payback has been uncertain until now. And the president were to go and say, listen, we are going to make it that the fuel tax doesnt apply here. And you need to be able to fill up though. That is the basic problem. You have to go somewhere to fill up the tank. Yes, but there is a reliabili reliability, and exxon is not in favor of the surface fuels, and there is a marginal gain, and natural gas tax that is hard to understand, and that need to give an incentive, but in the end, the big majors bp and exxon, and they have not faved using natural gas as a surface fuel. And Boone Pickens has been talking about making it a Transportation Fuel for years. Is it bad for tesla . No, because the cars are not economic, and trucks are. I know they use them aggressively in argentina and netherlands, but in our country, because of the tank size, it is not going to work. Ultima ultimately, it will. Be but as Boone Pickens will tell you that the imported oil used for trucks is diesel. It is the dirty field, and if they care and a la bloomberg who has been right of getting the diesel out of the urban eareas like the Waste Management does for trash truck, it would be monumental for the particulates in the sky and the urban areas and the president just has to say, lets go nat gas for trucks and go out to the al mulally plant, and then their hands are forced a and thatly put it in there, and right now clean energy, and very few. Two natural gas stations in chica chicago. This is ridiculous. Ford is taking it. They are taking the bull by the horns. And that is amazing. And cummings on the Conference Call, and they have the best natural gas and they said nothing. And westport well, cramers mad dash and then the opening bell after a break. Ive been doing a few things for a while that i really love tdd 18003452550 playing this and trading. Tdd 18003452550 and the better i am at them, the more i enjoy them. 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