Jobs number friday. Markets slipping after weak overnight data. Present hitting new fiveyear low. The dow as we said within nine points of 18,000 and retreating today. Merck buying cubist more than 18 billion and cash. Comments late in the hour. Mcdonalds delivers another weak number. Sales missed the street, down 2. 2 worldwide. More than that in the United States. Well get to all of that later on. But first up, dow and s p, each posting a sevenweek winning streak since late november of last year. Blue chips within 48 point of the 18,000 mark. Futures falling on disappointing chinese trade data. Japans economy shrank more than initially estimated in q3. Crude falling to that new fiveyear low. Morgan stanley cut its forecast, oversupply to peak in the Second Quarter next year. But in their words, guys likely to get worse before it gets better. Once again, i mean, heres here we go. Theyre weak, thoi this is our strength. When europes down, by midmorning the money comes here we have the stronger currency, thats the pattern. People take the cue from europe and sell our stocks too. Its just been a major misdirection play over and over and over again. Not unlike russell will on in what he did to the philadelphia eagles. Took 2 12 to get to i was going to the top. I wanted to work it in after commentary that could be of value. With every passing day we adjust to the new landscape of lower prices you have to think of another layer. Whether positive or negative. We all know there are many positives. There are also potential negatives, whether geopolitics, which will play out over a longer term or Balance Sheet of Certain Companies that took on a great deal of debt and may not be able to meet Interest Payments if the prices stay here or go lower. You can see the cash flow of the companies. Its very evident. Or ebitda. You can see the budgets, they have to cut back or else go broke. They cant cut back so fast. You have equipment, youre out there, ive have carezo on tonight, its a Company Spending more than its able to, maybe they have to cut back. I have enbridge taking advantage. The pipe and they can send gas oil wherever they want. So its not the end of the world for those companies but boy, chuck bunch said something on thursday, friday, hes the ceo of ppg. He said europe will do better with lower oil prices, absolutely. Yes. It impacts import numbers from china, lower than we anticipated. Part of the fact due to the dollar decline in oil. Depends on your situation in oil. Bp reports theyre cutting jobs because of the low price. Right. Usa today, other Companies Hiring because of fuel is cheaper. Goldman taking love to a buy. Thats the best performer. But it wasnt that great a call but there are other airlines down because of a load factor. You have raw cost thats fabulous, that i think is going to offset the dollar for internationals, hopefully for domestics its just huge. Right. Some people say until you get to the dollar strength, im reading it here, one of notes, massive obstacle to crude stabilizing. Until that changes oil prices are going to have a tough time rallying. I think since when do we think that the American Consumer done benefit . Numbers get better and better for what they have. And now that just means that maybe we revert to the same stocks going higher and higher. When we see earnings, its terrific if they if youre willing to accept excurrency. Speaking of, i think well get to mcdonalds, i know because there it is, right in that press release. Right. Seven to ten cents on currency alone. By the way, mcdonalds dit record 2. 2 drop in global comps for november. Negative top line performance expected to pressure margins in q4. U. S. Down 4. 6, citing strong competitive activity and working to enhance marketing, trying to simplify its menu to get momentum back in the u. S. 4. 6 is the worst comp in 11 1 2 years. Europe down two. Yeah. Terrible. People running out of the words. Yeah. Wonder if mr. Thompson doesnt have to go yadic. All of the rage. United technology spent more time yachting. Terrible numbers. Theyre shaking up some things. Don thompson faced wthd a secular problem. The food is not rviewed as healthy and organic. The journal pointed out, its very, very difficult. Its going to get more difficult for mr. Thompson to justify i mean, these are horrendous numbers. These are horrendous numbers. All that said, its been hard to knock this stock out of nine handle. Exactly. I think theres always activists, a great Balance Sheet, flexiblibility. These numbers are so i mean its rare you see these big double digit declines other than if you having that the people dont want. Right. Right. In the release they cited negative top line performance expected significantly Pressure Company operated in franchise margins. Seven to ten cents from supplier issue in china and u. S. Dollars strength against all foreign currencies. Is burger king healthier . Does wendy has a soy burger . Does burger king have some tofu thing i dont know about . Goldman resumes coverage of names, starbucks 95 target. I saw pictures that Howard Schultz was posting. Quite a seattle weekend. I dont want to ouch. But there is this roasterry, starbucks, new products, innovation, starbucks. Starbucks is on a major roll. They aint talking the price of coffee. Talking about willie wonka and Chocolate Factory meets roastery, the winery, higher numbers, bye, bye, bye. Goldman sell on panera, sell on yum, which has analyst day on thursday. Yum has flexibility to do things. I love that taco bell add, the guy gives a smooch to the dad, though the dad should have his hair cut. Things happening underneath in the group. If taco bell and pizza hut can take advantage of lower oil and not be offset by china, youll see that that down grade is not going to work. My Charitable Trust buying panera, to me that piece, price target, panera, 2. 0. Every time you have a 2. 0 replacing 1. 0, they do better i shout a short sided downgrade. Back to mcdonalds and carls point you cant shake the stock despite what seeing with what are you hearing . Not hearing much of anything. 3. 5 yield. These thing dozen give. We both heard constantly hear activist may be there but im not sure what the play book would be. Weve said many times, these activists typically now, especially larger ones, dont like to target companies not to mention that yield, attractive the 3. 6, less attractive if the ten year keeps going the way it keeps going. This is one where where you see those numbers i think mr. Thompsons terrific and i think the hand of what mcdonalds sells is bad but burger king doing as well, wendys doing quite well i think a change at the top greeted positively. Whoo. I know. I think its early. Tough. Early. What numbers do you have to see to make you feel i dont know. Theyre not in the playoffs. Playoffs . No. I mean they can even win the game. Practice . New york sports fan, thats not a word im familiar with. Playoffs . Yes. I dont i dont understand what it means. You need a glossary. Regular season, i know, regular season over before its actually over, i know that, too. Look, i want mr. Thompson to turn the company around. These numbers are going the wrong direction. And i think that something has to give. But i do believe that the yield will help again. I believe theyve got hefty a great Balance Sheet. Terrible number. Lets move on to a pretty big deal this morning. Its one big one weve got, so to speak. Merck, agreeing to buy Cubist Pharmaceuticals, 8. 4 billion in cash, additional 1. 1 billion in debt. Deal, 37 premium to Closing Price that cubist had friday. Both Companies Expect to close transaction in the First Quarter of 2015. Jim, its its about antibiotics, one cubist is their biggest cubist 90 . 90 . There was a first question on the conference call, i will say this, was about his hess paira, it says teva wont produce until 2019. Theres a court case that could be soon, could be sooner if it goes against them. Some people think theyre taking risk here at merck given that big number for a company thats about right now one product. Well, my Charitable Trust owns merck. I have looked into this issue a lot. Cubist on twice, i dont want to personalize things but when my dad fell ill, he basically, the doctors said, hes got the bug, okay. And we have nothing. And i said, how can you have nothing . You have nothing . You cant give him a pill . You have nothing . And they said, listen, youre in the hospital, you get sick, you die. I was like, you have got to be kidding me. Thats what cubist, when theyve been on the show, twice, they said theres nothing. Everybody stopped developing product but were there. I think before we write this acquisition off, remember theres nothing. And theyre the only guys that are working on it. Lab maybe they have something. I keep thinking when gilead bought pharma set, what a silly idea. They had something. Maybe cubist has something. You get sick in the hospital, youre uaw die, if youre older. But 30 of the people who get sick in the hospital who are elderly die, okay . Thats the medicare figures because they get superbugs. And these superbugs resistant to whatever they have. Horrible. You say need more research, without a doubt. You speak to the head person of this thing for the Hospital University of pennsylvania they say, it was like we dont have anything. 2014 . Whether that justifies paying 8. 4 billion for a company that has one drug, largely all of its sales that would be facing generic competition if a court case goes against it sooner than it thinks. Three trials, two drug candidates have potential blockbuster from the company obviously. Right. I think merck must have a feel unless merck is like hey, burn cash. Its their second biggest acquisition ever. Right. Adds to what has been a record year in health care m a. Within merck is a better alzheimers drug than biogen but they dont talk about. Merck is not a professional company. If cubist does have what they are intimating, i think this is a drug that will be given to everybody who at icu who is going to to get this is what happens in icu. It what happens. Merck identified the hospital acute care segment as a key priority area where it believes it can have the greatest impact. Interesting here, they say have the greatest value of the customers, thats society, dont see that often. Its incredible. Youve good to get out as fast as possible but you can because youre not ready, particularly elderly. I remember discussing with doctor, 30 chance of death. Why . They get sick in the hospital. Well, we just give them the drug. No, we dont have any drugs. What is it like, the civil war scene in gone with the wind burning atlanta . Like the hospital beds, people are dying. This is a terrible thing. Cubist is the only one who seems to be involved. Maybe they got something. Im hopeful im talk with them, wow, this would be great if you have one of the drugs in the pipe. Im believing that mr. Bonnie, serious guy, so i think that merck maybe theyre doing it blindly or maybe they know cubist is testing. Meg tirrell is all over it. Shell talk to celgene. She didnt go to sleep last night. Emailing her at 4 00 a. M. Eyeopening report why the ceo of utx abruptly retired. Talking travel, marriott brings something new to the u. S. Arne sorenson on the companys growth strategy. With the dow and s p up seven straight weeks. More squawk on the street from post nine in a moment. Introducing. A pm pain reliever that dares to work all the way until. The am. New aleve pm the only one to combine a safe sleep aid plus the 12 hour strength of aleve. [laughs] when were having this much fun, why quit . And bounty has no quit in it either. Watch how one sheet of bounty keeps working, while their two sheets, just quit. Bounty, the noquit pickerupper. Theres a difference when you trade with fidelity. One you wont find anywhere else. Onesecond trade execution. Guaranteed. Did you see it . In one second, he made a trade, we looked for the best price, and the trade went through. Do the other guys guarantee that . Didnt think so. Open an account and find more of the expertise you need to be a better investor. Retired as ceo of utx after Company Directors expressed concern his was too disengaged from the operation. He mad a trip to check on construction of his yacht two weeks before his departure from utx. Hence your allusion to yachting. Two numbers here, different foot amount of his boat his kept upgrading. Its interesting, only 12 member of the board of United Technologies. This last boat could fit 16 to 20. Hes not just this wasnt just all about the board and the opportunity to get away for the board. Right there right . The journal story, based on reporting from three reporters cited in the story, makes it seem as though, i mean, listen we commented many times on date in question how it was handled. Yeah. Spent more time with his family, it with his boat. He was feired. The journal story makes it seem as though confronted by a direct, you seem to be spending a lot of time out of the office. He said, right, im going to retire. Right. Decided today, im going to retire. I have a 17foot boston whaler, you can argue that my bald head with ionizer spending too much time on my 17foot boston whaler. I come back and say, youve got to be kidding me big Analyst Meeting coming up, Charitable Trust own it, worst performer of the major conglomerates and hes on a boat . A boat . I mean, not practice. A boat. I keep thinking about sports. Its too absurd. Its too absurd. Right. A boat. Hes on a boat . Other guys have big boats. Hes not ceo anymore. Can you do it any other time . Theres a previous ceo of United Technologies who had a boat. Yeah. George david. I think the problem is the boat. United technology, the ceo, he must not have a boat and he cant buy a boat. Okay . Thats in with the yachts and boats and the ships. If you have one, make it be like a submarine, do it with General Dynamics or something. Hate to be the Compliance Officer on that one there. They have to ask the guy. One point, when they have the surge detector, dow you have a yacht . If he says yes, that is it, out of the search. George david. Thats a no go. Saying no to the yacht. Yacht owner or plan to own a yacht . Right. Youve a ding dinghy, canoe, canoe. Sunfish . How about you can use a dock if how about flyfishing . Whats the matter people can get obsessed with that. Flyfishing . You can do that locally. Say again. You can do it locally maybe. United technologies. This is not like, you know, private company. But he wasnt compensated on the way out, was he . Come on sorry. They did finally reveal, because it was a little upsetting. I thought it might be, truly, maybe something involved with the operations. But it was the operations of the yacht. I feel better. Its woefully underperformed the index for the year. Yes. Its been horrendous. Horrendous. In every other all of the Major International companies have done quite well. Headwinds, what i didnt realize, look, wheres ellison . Theres a guy who knows how to yacht. Hes a yachtsman. His stocks done okay. It has. He knows how to yacht and run a company. He does. Though hes not ceo anymore. No, no. Thats true. He spent more time yachting. Cramers mad dash as we look at opening bell. More squawk on the street straight ahead. People with type 2 diabetes come from all walks of life. If you have high blood sugar, ask your doctor about farxiga. Its a different kind of medicine that works by removing some sugar from your body. Along with diet and exercise, farxiga helps lower blood sugar in adults with type 2 diabetes. With one pill a day, farxiga helps lower your a1c. And, although its not a weightloss or bloodpressure drug, farxiga may help you lose weight and may even lower Blood Pressure when used with certain diabetes medicines. Do not take if allergic to farxiga or its ingredients. Symptoms of a serious allergic reaction include rash, swelling or difficulty breathing or swallowing. If you have any of these symptoms, stop taking farxiga and seek medical help right away. Do not take farxiga if you have severe kidney problems, are on dialysis, or have bladder cancer. Tell your doctor right away if you have blood or red color in your urine or pain while you urinate. Farxiga can cause serious side effects, including dehydration, genital yeast infections in women and men, low blood sugar,kidney problems, and increased bad cholesterol. Common side effects include urinary tract infections, changes in urination, and runny nose. Do the walk of life yeah, you do the walk of life need to lower your blood sugar . Ask your doctor about farxiga and visit our website to learn how you may be able to get every month free. All right time for mad dash on a monday, six minutes before the opening bell. New yorker that jerry gruben, doctor, told everyone who wanted to, at 40, that agio had a new formulation, in the mid40s. Formulation to be able to target particularly cancer cells subject to mutation and results, this weekend, extraordinary, people just buzzing and buzzing. You think they would be late in the game but its not and lets add celgene. Celgene has the formulations they own 15 of agios. You know what happens . Hes on scott wapners show. Ive heard that. A doublebarrel thing. I want to point out, celgene has strikes in four companies that presented at ash. All four were blow aways. Celgene dominates ash. Was through their different stakes. This is a novel way to be able to do drug development. You let the hard stuff be done by these Ipo Companies you take a stake and reap the benefits by being able to comarket the real celgene, by the way, right here when we were worried about patent. Yeah. Guess what . That was not something we should have worried about. Bob has done a remarkable job with the strategy. Hats off to the guys. Stocks going higher. Remember next time they take a stake in something. Yes, thats when you buy. When you buy. Bluebird, amazing. Amazing. Opening bell just a few minutes away. Lots more squawk on the street coming right back. [ male announcer ] your love for trading never stops. So if you get a trade id