We begin with pfizer going after as traseneca. Bank of america and or previous Parent Company calling his meeting with the french president productive after the companys intensions to buy the Power Systems business. Pfizer says it is now considers options having two take over bids. Pfizers initial bid significantly undervalueed it and that it remains confident in its strategy. So much for shrink to grow. Well, i think that pfizer is a company that is always pro shareholder. If you have seen and acquire and get with you overseas shareholders like it. As tra seneca is not a great company. They have things in the pipeline that they see. But it is relatively unexpensive. They must like the pipeline better than we do. To your point it has been the key strategy in a way and the plan to separate the company and the divisions to separate them. You are talking about new division and you have the products that are off patent. Th that it would be incorporated into those three units. It goes to the cancer. In 2017 they have three years of audited financials. You would see a possible separati separation. Couple of quick things here from my m and a notebook. I was clearly not expecting this to happen. Last week if there was something going on they would have had to tell the panel about it. There was nothing going on last week except you had an enormous amount of investors talking about it. That helped to change the thinking pfizer to the point of lets try this again. They come up with roughly 7030 using the cash they have over seas. They came he with a real offer that will go to shareholders or say no, we are not interested. That is what we are going to be waiting for now. It is a different way things operate in the uk than they do here. Every single drug stock is open. These are being radically underval undervalueed in terms of this bid. A lot of their stuff if you look out five years. Even some of the analysis last week. Absolutely in a creative deal. And this tax in version. Yes, we are talking tax in version again. As importantly it allows pfizer to use the cashes generating over seas to bring it back without paying taxes. Nobody wants to pay the 30 . Look at apple taking the money back. When is Congress Going to wake up . I dont know. Pfizer is going to invert . Exxon ought to if they get involved with russia. You mentioned they are not a creditable company. I was worried about the dividend. Im worried about that dividend. Well pfizer doesnt have to worry about things like that. I think they said not to worry. Right. Nothing says it will be. Well see what happens here. We have a month to go it is incredible isnt it . We havent seen this activity since the 80s. These are bigger. They are. Now they will say and they did on the call that lizen, we are strengthening the inner core and it is the attractive news of the business but to your point whether it is steel, my lens failed attempt for meta. Getting out of the u. S. Tax jurisdiction to enable and free up your ability to move it. When they ask senators when they come on air do they know . Why are we taxing stuff . Clearly like Water Companies will find their way around it. You have to do credit on the tax. Every american should be trying to figure out how to solve it. They have an advantage over the industry or another. Shocker. But again they are saying that is not the main reason. Right now if you are pfizer or you want to bring back the money, most of the catch is oversees. But if you become a uk dom syl for Tax Jurisdictions you can bring it here without paying taxes. The treasury gets nothing. Idiots. Nothing. Should we move onto other big deals . Yeah, sure. Chip says yes. Comcast has strug a deal in whi which it would get the subscribers. That still needs approval. That deal may not close until early next year. This has been in the works for some time. Why are they continuing to keep a slate of directors here. It gives us leverage and it will include swaps and subs and a purchase out right of course of other 1. 6 million, 1. 4 million time warner customers and then you have a new code that is created. Existing customers after the deal so they will all be customers in which charter and then existing shareholders will be 33 would be charter. But it helping charter a lot. It was moving up last week when we heard of the proposed dives ti tour and it removes any questions about that and helps on the front for comcast which said it would be willing to devest of three million subs. They would keep new york and la and you create what would be a regional cable company. It is an addition of potentialal customers. But immediately they had 1. 4 million new subs and what was a failed attempt for them. They starting this a year ago. Almost a year ago i reported on the first oh ver tours. It gives them another runner up prize if you bill. Bank of america announcing it will suspend the buyback program. This after the bank miss calculated the treatment of structured notes related to its 2009 acquisition. They are going to release that plan. This is bordering on humiliating. Embarrassing. This is a disgrace. When did they discover it. Did they have any id what what is going on . The Federal Reserve took away the capitol thing. They will not proceed with the increase they are now in there with our friends at city and they are going back in. This is a disgrace. The key is that there is not going to be a capitol return. If there is the feds wont let them. This goes back in the release to the structured notes that Merrill Lynch issues and it has to do with adjusted for the losses on those notes. Let me throw a bone to bank of america this is not how you calculate regular capitol. It says you mean to tell me that you could have something that is 30 basis points over stated how much capitol you had and the Federal Reserve im sure they are saying are you kidding me byes . This could go under the leverage ratio and you are very close to the line already on the metrics that you are judged on. They are going to say that they werent that close. They are still fine and the Federal Reserve is king and the king has decided get out of here. Get out of here get your act together this is not you can sugar coat this not to worry but the Federal Reserve has said do not proceed with the increase. But they came back with something that was less but to announce the decrease and take it back. They are afraid one day they are going to have to cut them. You announce it and put it through and then you cut it. That is going to hurt. This is one of those things i like the company. You do. I like it. This is what people at home, im looking and saying how could i have been so stupid . They are hard to understand. People are saying wait a second. Im telling you i used to sell these products they are too hard. You have to imagine the number of man hours that went into the first calculation. Paying for the shareholders and no one pays for the fine. Gears up for what could become the big deal. And we will get a live interview with the cfo coming up. Dallas has not fallen in april since 2005. Well see if we get heat. More squawk on the street back in a minute. At your ford dealer think . They think about tires. And what theyve been through lately. Polar vortexes, road construction, and gaping potholes. So with all that behind you, you might want to make sure youre safe and in control. Ford technicians are ready to find the right tires for your vehicle. Get up to 120 in mailin rebates on four select tires when you use the Ford Service Credit card at the big tire event. See what the ford experts think about your tires. At your ford dealer. JGeneral Electrics push, ges ceo met with frances economy minister and said that the talks were open friendly and productive. And confident that they can get this done. They got, i dont know the relevance of see mans being able to pull this off. They are known as being the cleaner power plant company. Cleaner builder and they have done a lot of work with carbon capture. The companies that have used it, it has not been a boom for them. If you want to own that business, it is making power for less global warming. That is what they do. You want it because the world caring more about it than many of us in this country. When you want to try and buy a company. You have to go over the rules there. And the Shareholder Base if you cant to try. In france you have to meet with the guy that run ares the country. Hey guys, come in. We want you to make a bid. That is what happened. I dont know. He doesnt have a lot of business. 10,000 employees in the country. More than what siemans does. Why is everything so astonishing. I got a guy to get that deal done. Exactly. Right. I went to college for that. You like the move . I love their oil and gas. I love that business. I think that is where they should keep putting their money. This is all about energy and they are the king of energy. But there are still holes. When europe is recovering. You get more orders. Worone of these companies, these companies were down on their luck. You are not coming in at the high. The reason i like the ge deal if they can get it it is so clear that europe is coming back. You want in. Anything they bought killed them. It is like let me in, man. I want to build bag and europe is working. When we come back well get cramers mad dash. Tomorrow morning cnbc is going to reveeg the list of names on the 25. Right here on cnbc. Take one more look at the futures and a lot more squawk on the street, straight ahead. To upstate new york . Tingg i tell people its for the climate. The conditions in new york state are great for business. New york is ranked 2 in the nation for new private sector job creation. And now its even better because theyve introduced startup new york dozens of taxfree zones where businesses pay no taxes for ten years. Youll get a warm welcome in the new new york. See if your business qualifies at startupny. Com all right it is a mad dash for a monday and man, it is a busy monday. So many things to keep track of. Pieces as things dribble out, bank of america, we just found out the list of people who are being sanctioned in russia. You are going through it and call it an export company. You get ross neph. Why is that significant. Bp has a relationship and there is a lot of oil and gas. You dont want your gas cut off. Did they coordinate this with the european leaders . The one thing that putin is in charge and he could say that the fear would be that he goes and shuts him down. That was the problem with this quarter last week. It was wow it looks like if he wants to he can create this hermetically sealed country. There seems to be some tension between what the countries want. Is the president freelancing or saying listen, this is what we have to do. Woodrow wilson. You have ideal list president and they are coming out of a recession and concerned. When this lift comes out. These guys are russian corporations that we are dealing with. Many of these have big relations. Germany, france, we have to go down the list. Fascinating story in the times about putins money about whether it is real or not. So many different situations to keep track of after this. Female announcer sleep trains interest free for 3 event ends sunday. Its your last chance to get three years interestfree financing on beautyrest black, stearns foster, serta icomfort; even tempurpedic. Plus, get free delivery, and sleep trains 100day low price guarantee. But hurry sleep trains interest free for 3 event, ends sunday. Sleep train your ticket to a better nights sleep at your ford dealer think . They think about tires. And what theyve been through lately. Polar vortexes, road construction, and gaping potholes. So with all that behind you, you might want to make sure youre safe and in control. Ford technicians are ready to find the right tires for your vehicle. Get up to 120 in mailin rebates on four select tires when you use the Ford Service Credit card at the big tire event. See what the ford experts think about your tires. At your ford dealer. On car insurance. Everybody knows that. Well, did you know that game show hosts should only host game shows . Samantha, do you take kevin as your lawfully wedded husband. Or would you rather have a new caaaaaar say hello to the seasons hottest convertible. Ohhh. And say goodbye to samantha. [ male announcer ] geico. 15 minutes could save you 15 or more. [ bell ringing, applause ] five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earnings plays. That recently gapped up. [ male announcer ] now the world is your trading floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. You are watching cnbc, squawk on the street on this monday. Opening bell in about 60 seconds. 8 weeks of up, down, up down the longest streak like that in 7 years. It has been hard to get back to back winning weeks. If these high fliers come down. In that period of march 15th, 2000, it is not the kiss of death for the market. But p you would have to continue to get the high fliers. The new ibos that is being killed. On top of that a bunch of names that are going to tell the stories of the week. Starting tonight with buffalo wild. These are front and center. Down here at the big board an affiliate of Charles Schwab and at the nasdaq a distrib tour of Building Materials we will get pending home data and as to why housing is hard to come by. Kimberly clark not enough diapers being sold. Why is that . Need more babies. You had a kcouple. I was thinking about that. All right. Yeah, well, anyway, i think if you look. I was going to go to i continue to think that there is not a lot of inventory out there. People are under estimating the supply side. There are not a lot of homes for sale. Coming off friday we watched amazon shares almost at the 300 mark. I was keeping an eye on them and that is down again. There is phizer of course that is important. You want to see them in line with your potential vision. It would be one of the largest deals of alltime. They are certainly happy to see that. I think the call is concluded. We dont know what the actual offer will be. They confirmed the previous offer and are forced to come back again on friday which is when they come back with the latest offer after they privately discussed this with them back in january. We will know more in terms of what the real new offer will look like. What the composition of cash to stock will be. Back to my point though, amazon is down again. I think that group, the cold stocks are down. You just if jim stewart, this piece was great on saturday. They are going up again everyone. What is their advantage of going up again netflix and google. Not because they havent succeeded. It is hard. I would say, the one thing i would disagree with it is the analysts and the shareholders that have turned on a company for a decade. Remember the stock flew up when the news came out because people said we are spending more on china and the analysts have turned on it. They have both turned on it. And then you could argue, they decided to forget they are no longer over looking anything. Versus a company like 3m. What a think of beauty. Give the money back. Shrinking stock. You know what is winning versus losing. When you say these are done, are you saying that is an amazon story . Priceline is 19 times earnings. A lot of the companies that are going down are being lumped together. Twitter, they have to start showing Something Different about profits. They talk about listen, we are about p profits, which turns into dividends and they have to get that mantra. They cant, it is not in their dna. They are not set up to be part of that dna. They were all using the amazon model. It is like their rates were. 5, very high. Now they are up to 18, 19. Above 20. Fireeye. I dont want to mention how high. I have been trying to book the chief officer there. There is one guy in charge there, right . It has to be. It is the Strongest Division i have seen. That is who i want to talk to. That stock is still winning. Cancel it. Pull it back. Cancel it. Walk away if you believe walk away. Can we get back to m and a for a second . It does drive you batty. You have fire coming out of your eyes. Look at this. You are going to fry somebody with your eye beams. It was monumental. It takes up your whole pc. You need a boost when people are selling there. They are done and that is worth pointing out. We vpt mentioned it this morning. The letter written by the chairman. Saying we tried and tried to be engaged with you. Our efforts have been rejected out of hand repeatedly. We read in the report of the trancecks of our company is extremely bur rat tick and nothing could be further from the truth. We believe would be necessary from the enterprise. You can see it is a significant impact. There had been the thought that they would be able to reach consmation. Oh may. You going back to the huggies . No gold diapers. Did you see bp down by the way . A lot of things going on. I do not trust this market. I dont trust it. I think that at any given moment we are going to hear something out of putin. These are not joe blow guys. They call putin and say pull out of ukraine . No. Bp, pound sand. Shares of charter are up sharply. Worth noting. The stock had moved up last week once it completes the acquisition. Having a strong day yet again. If you look at the far right it moved up towards the end of last week. Putting to rest any thoughts that they would have any yet again to buy time warner. And ge had been up too. Ge, anytime you can get that configuration anytime you can get that industrial. Finally, we havent mentioned the 1. 5. They will sell royalties as part of that whole actavis. It looks like ever since they put themselves up for sale, if you have a new drug you should be valued properly. I look at the companies that are going down versus the portfolio that astraseneca has. Move to ireland. Move there. You can move there and still not have jurisdiction there. What percentage can you get away with there . There are tasks, but you are good. You incorporate there and you are bassed here. Vrx is not ireland. It is bermuda. But it doesnt have to be canadian. This is some sort of weird moment. Would you team up with a hedge fund to make a deal . They are good honest people here. They are acquiring that company and there is a push by some. Saying hey, come on. Do the tax in version the same thing. Wallgreens it is a chicago bassed company. They could file a piece of paper and they could acquire a company there. It is crazy. Congress has to do something to maybe theca code work. We are going to change everything. You ar