Tenyears popped to a little past 183 after the big of the sell off selloff for bonds oil up 19 in the last four days. Ahead of the jobs report friday. Adp, lighter than estimates. It is official staples buying office depot, 6. 3 billion. An Office Supply giant created but questions on antitrust. Earnings from gm disney chipotle stocks making big moves in the premark. Futures falling, the morning after the rally which the dow jumped 305. S p nearly wiped out all of last months prices. Oil prices pulling back following surge. Wti crude above 53. Ahead of the jobs numbers friday. Adp said private sector added 213,000 jobs in january, below forecast although december payrolls were revised higher just another macro data point that failed to impress, at least, markedly to the upside. Eurozone retail numbers Third Straight best in seven years chinese stimulus program, very real. Im absolutely convinced, once again, the reason weve been having this rally is because of overseas. Can oil pull back . It should pull back. The last bit short squeezed. Rich kinder on last night, the real demand is 65. 70. As it comes in start thinking well, oil is probably not going to go back to the low 40s. He does point out that theres actual worldwide demand has gotten a little bit firmer. Theres more demand for it. Its the demand side that everybody should be focused on not supply. Theres 1. 5 Million Barrels oversupply. Fair to say kinder all of those trying to call the bottom in oil yesterday, hes not far off from that . Look he had an after lit meeting january 28th. Take a look at trading where oil was, hit 43 44. He said in the analysts meeting, look this isnt right, it should be 65 70. At that point, it was 43 going to 35 right . He just says its a its kind of done. And i think that this is where you buy. Now a guy who called it at 44 who had not been positive on oil from 100, i think hes got some game. Of course followed up with buying the pipeline from bachen in which the property his got are profitable at 40. This a man that puts 3 billion of money where his mouth is. As oil comes back people will say there is a bottom here. One of did the stocks never took out december 15th low, theyre too high. Look at the one, im not going into, the company you go to get drilling equipment, bookedtobill was 42. No one ordered a rig this month. No one. No. Thats not a surprise. Right. But what does that say about 2016 . If you stop drilling and stop buying. First quarter, still a lot of production, theres a lot of help by production contracts, people have to drill. If you get if you started off with eurozone up in china up if china comes back with 750,000 more barrels and if europe comes back for 750,000 more barrels youll say, wow. Some of the concern had been not just about the supply and the excess supply but really demand question. Yeah. You seem to be arguing, dont worry about the demand it will be there. Right. That is a reflection of the worldwide economy, a positive sign. Right. Were seeing this eurozone number to me more spending. Spain, up 26 . Italy up teens, midteens in terms of labor. Eurozone retail sales up 2. 8 yearoveryear. When you said maybe a week or two ago, seeing green chutes in europe, we kind of snickered at you. I had to take a break at jim cramer on twitter the hatred was so thick, dont worry, tomorrow twitter reports. Might be back in. What a day. I do think, yes, its happening. Too many Good Companies saying its happening. And, by the way, remember boone pickens, who has been around even longer than i have which is extraordinary. Thats saying something. Saying something. The demand side. The demand side comes back. The big drop by the way, the strategist at jpmorgan pointed out, the big drop did come in large part because the airlines took off their hedges. Thats where youve got that was that was a whoosh. Remember selling puts at the same time buying calls help doesnt directly reference it, 50 pages of analysis in oil. You look at the whoosh down it was when they had to take their hedges off. And they all did it at once they all have the same strategy. Thats where you good the now were take the other side of green chutes. Id like to be. Youre a collegial guy. The debates on twitter are like listen you you not so collegiate. Jack just came out and used the word that actually is typical. Yes. But its more of a class blank than is it we get it. It not deserved. I love it because its been on philadelphia for heaven sake. I did throw snowballs at him. He had it coming. You know who im talking about. Santa claus. Right. Bad loss. I cant hit him. I dont have a good arm. Theres a whole ad campaign youre not allowed to say that kind of arm. Jobs day friday. Can you nail the number . Tweet us your predicts for nonfarm january payrolls. Use ask squawk street. Lucky member receives cnbc ear muffs. Well hand them to david to sign. Heres a sharpie. Viewers in warm weather climates said, what about us . Guys in florida, texas. We will not be wearing these at the mets home opener. Loving that youre coming along here on the mets bandwagon. Im on the bandwagon. The new lefty who will be kovax. Youll have until one minute before the jobs number friday to tweet us predictions. Adp, of course up 213, estimate was 220. The lowest since september although december was revised up. All right . Look you know who tells the truth on this . I would show but i cant because i have a i would show my socks, my socks now are the key to the market. I bought my socks at kohls and kohls guided up for the first time i think since they talk over the retail store, just a suburban one, and the kohls guide up looking disney guides up but disney is the greatest company in the world. Macys as well. Thats down but did run yesterday. Same as koscostco. Its the kohls 404 going to 422. Kohls, people are shopping people are shopping. Not shopping highend. Ralph lauren is not affecting when you pay when you pay 202 for gasoline it doesnt make you buy a diamond ring at tiffanys. No did. It does not make you buy that exspecialance ex expensive it gets us to the big deal announced this morning, staples agreeing to acquire office depot, 6. 3 billion worth of cash and stock. The deal valuing office depot at 11. 41 a share at beginning of trading. Staples going to down it looks like. So that will come down a bit. Expects to close the transaction by the end of the year. A lot of Different Things here over 1 billion in synergies but the billion dollar number, lower than some anticipated about why not be conservative on that front . They are willing to divest 1. 25 billion worth of revenues storeproducing revenue in order to meet antitrust approval. More on that in a moment. And you get mr. Sergeant running the combine company. There had been some anticipation or hope that the ceo would be Rolland Smith who had synergy promised in the office depot office max. They started talking back in secretary. Thats a way to it tell the activists, you had nothing to do with this. Thats not clear. If they started talking they would have gotten something done quickly it wouldnt have taken that them that long to get something done. When they got serious about it they got done quickly. Economics, not bad. The question will come back to of course, antitrust. While they are relying on the decision from the ftc in office depot office max, allows numbers two and three to get together and stated for the record for example, that nonOffice Supply super stores such as walmart, target, with club stores have expanded Office SupplyProduct Offering and now compete with other Office Supply super stores and they also went on to say, the internet retailers, most prominently amazon grown quickly and significantly, thats what theyre relying on here. Hopefully the same definition of the socalled market. Otherwise talking number one and number two d. O. A. So dollar tree says theyre just theyre going to shed a few more dollar trees. Saying their 300 target of store divestitures to get the deal done may be low. Will this be the same . When we have when we have Office Depots next to staples, i get that. Will there be a number they just cant take in some other company can buy them . I dont know the answer. I dont think they do either. Youve got to be willing to take a shot one would expect given the potential synergies. I agree. Bezos talking about bricks and mortar investment. Well play sound on that in a few moments. And thats the question. Will they continue to view the market in that way so that amazon is included in that definition . By who knows . Listen, Dollar General never expected to face what it did when it come to family dollar. You bring up dollar tree finding that it may have to divest more stores. Its uncertain by its nature at the ftc approach here. Well have to wait and see. They are giving them cover 1. 25 billion revenue willing to divest that 250 million breakup fee and synergy numbers are conservative. If it goes through, nobody argues it aint going to be a good thing. No, a chart of dollar tree. You can see a period people said, its a good deal. You realize its a great deal. Maybe this pause its going to be a good deal okay enough and then this takes off. This company is worth this is two plus two equals five it really is. When that is the case you want the antitrust authorities to look closely, ala airlines. You mentioned disney. Well talk about disney and chipotle after the break. Shares of gm and chipotle in opposite directions. Busy day for earnings. Also talk with Lending Club Founder and ceo renaud laplanche, alliance with alibaba. Premarket, recovered 70 of losses for the dow in january. 80 of the s ps losses from last month. A lot more squawk on the street from post 9 in a moment. I am never getting married. Never. Psssssh. Guaranteed. You picked a beautiful ring. Thank you. Were never having kids. Mmmmmm. Breathe. I love it here. We are never moving to the suburbs. We are never getting one of those. We are never having another kid. Im pregnant. I am never letting go. For all the nevers in life state farm is there. Demand for products related to frozen helped disney post better than expected results. Ceo bob iger addressed the meesele situation last night on closing bell. We have not been able to discern any impact if at all from that. If you look at disneyland the quarter that were currently in were up from where we were last year in attendance and in bookings or reservations. So we just havent seen an impact. In fact park revenue up nine Media Networks up 11. Studios down, two but if it hpt hadnt been for frozen it would have been worse. Disneys proctor during the heyday. 11 1 billion fran dhizs. This is the way proctor was when proctor was the Great AmericanGrowth Company before it lost its growth. Everybody has to own disney everyone. You said that for a while. This what is you give your kids. For get things like hasboro how many got that barbie. I see people arent giving barbie anymore. Those still giving barbie youve got a chance buy a share at disney. Remarkable quarter. Nitpickers, e schltspn pushing shanghai park back to 2016. We have star wars to take care of First Quarter 2016. We department want the park to open we want that pushback so we have that tempo, yes, seven minute frozen good a lot of pixar things coming up. Wow, visa, Charlie Hebdo scharf, look at chart 2005. Scharf on the visa call a great executive, said look heres the deal. The nice one guy and another 1995 to 2005 when the episodic period when eisner ran it if you had a scharf call from visa the strong dollars hurting tourism from brazil from europe. You had really smart Hedge Fund Guys put out a began begangigantic short on disney totally wrong. One of the great shorts spoiled ever. Only area questions on espn. We know the cost of sports rights and what thats meant. Iger did point out in the Conference Call there havent been a lot of new automotive launches, new cars. Didnt see a lot of car ads on the super bowl as well. He does seem to be augering for that coming back and added in the mix, and espn as well. People watched 123 million views of star wars trailer. People have a lot of time on their hands. Only two minutes. Watch it over and over . Yes. Thats true. I saw will ferrell do aly. Ssnnc of of let it go. Love him. Really funny. Very funny. Gm operating profit of 1. 19, above after gm announcing to raise the dividend after the board meets. Cfo Chuck Stevens earlier on squawk box. That caps a strong 2014 from a performance perspective, really led by two most important markets, north america and china. Weve got auto sales yesterday. You mentioned forex. Toyota is looking for operating net thats more than ford gm kris ter combined. Like the old days. Another part of the green chutes sewny, too. Toyotas great. Japans coming back. Get japan online china online stop smirking. Japan coming back . Theyve driven their currency down to zero. Why dont you put an asterisk there, 154game season come on. It was done with steroids . Theres no hall of fame here. This is not like barry bonds. Thats true. Thats true. Theres no bonds. Theres no stocks. Its just no pete rose in the hall of fame. Not even in the hall. You wouldnt call this gambling with the future . That is what japan is doing, arent they . Gambling with future. Im talking about gambling talking about buying stock, not gambling. I understand what youre talking about. Eventually indianapolis gots going to end badly. Very bad. You better call saul. Auto sales 54 , suvs and trucks, ford today adding 1500 jobs to bill f150. These guys fields, like the old days. Like boeing airbus. Both guys have game. Old days old days proctor gamble, old days. Are you feeling long in the tooth. Bob iger and i both have a birthday february 10. Mine is more than a milestone. He talked about his grandkids on the interview. Put that one off. You dont have any of those. Cramers mad dash dash count down to the opening bell one more look at premarket after the biggest volume day for stocks since december 19th. Back in a moment. 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And then you hear theyre going to discount 42 on the hep c. People saying there are biotech price wars. Going take down celgene, regeneron, biogen. Stop panicking. This is problematic but a good dividend, good buyback. It had a big run. Numbers are staggering when you add in the the new one. 12. 4 billion in sales last year. Generating a lot of cash. Instituted a dividend. Let it come in and then did 0 buying. I like regeneron and celgene on the weakness. Celgene has a better product profile in terms of patents. Competing with the pharmacy benefits. Today my Charitable Trust owns abbvie. The price cut was a shocker. Came out on the call this year things will be more competitive than last year. Holy cow. Companies that you say, they dont have competition. Well, they do. Speaking of competition, shake shack, in terms of food with integrity, chipotle. Now, this is what you need to know about chipotle. This is not the first time this has happened. Do you know every one has been a buy . Every one of these pull backs, no different. There was a pork issue, remember, they had humane treatment read the Conference Call, what they were doing to pigs is horrendous. Understand what company chipotle is. Chipotle is about putting the Customer First by having food with integrity. It hurt them this quarter. You know what . If they have a pork shortage or beef shortage, they have to raise prices more as a result of trying to source what they are looking for. They said theyre not going to take price. People say its over it cant be that good. You see articles that say its over. Its never over for highquality companies that are wellrun that do great things. Chipotle let it come in then buy. Thats the theme of tonights show. These guys els, montgomery, are you going to decide theyve lost it . Danny meyer told me to buy the stock at 50. Wow. He should know. 300 million on his shake shack position alone. Hes going to talk to his financial adviser. 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Opening bell in 90 seconds on a day where the greeks getting to work talking about a potential debt swap with the imf, retail sales in eurozone up 208, best month in eight years, as jim was pointing out. After the reversal on oil, which sounds like you think had some weight to it. I think its moved up too much. We have a wednesday number thats going to show i think, pretty big inventory builds but i think weve seen a bottom. That trip down to 43 i think people who are shorting oil have come cover. I think the demand co