Today. Our road map begins with priceline. Shares falling what is driving the stock down . An 8. 5 billion deal creating a timber giant. And are big changes ahead at yahoo . Stocks make it a lucky seven. The three major indices in the midst of a winning streak. Small caps posted strong gains last week with the russell up 3. 25 percent. Jim, exports down 6. 9 in china, double the estimate. The consumer, this is what were focused on. Weve got singles day coming up. I think that will be the biggest day ever. Theres a propensity to recognize that maybe the government did the right thing by focusing on the consumer. The bulk rate shouwed you nothig will happen there. Theyre spending. Wage rates have gone up dramatically the last few years. Well above mexico. In china youre saying. Twice of what mexico is. They talk about 270 Million People in the middle class, theyre going 540 Million People over the next ten years. The numberses are incredible when you think about it in terms of where theyve come from in gdp, even though its slowing. Growth is dramatic. As you say, wages, net worth, per capita income. All those things. Very important. Meantime, s p is trading at 23, trailing 12 month. Thats higher than the 20 we were at in september. Everyone wants to know if were back in expensive territory. I think we are. I think the fed will raise rates. I think theyll raise rates hard. These numbers are exactly what they needed. Theres not a lot of turmoil overseas. Theres not a case against rate raise except the fact that the dollar could get strong and Manufacturing America may not be great. When i looked at that employment number t wasnt like manufacturing was that bad. Manufacturing in this country, the actual making of things is pretty strong. The export of things is weak. You have to adjust accordingly and recognize many of these Money Managers are way off base in terms of exposure to the financials. They feel like they missed the jpmorgan move from 62 to 68. They will turn out. They are way too long healthcare. The democrats are going to create problems with healthcare every time they talk. The republicans, the y dont sem to have any pro drug stance. Lets say banks are the place to be. They are the only part of the s p other than the Fastest Growing companies that do well. Banks are the only places that have not caught up exactly. Bank numbers are way too low. You get a series of rate hikes, youll find that a Morgan Stanley sis at 45 . Yeah. Really, Morgan Stanley. You cant expect banks return on equity to be anything like it was or approaching what it was prior to the crisis. They have big credit. The capital they have to hold on their Balance Sheets so much more than in the past. True. Net interest margin. I would have expected you to say wells fargo, not Morgan Stanley benefiting i happened to listen to james gorman and the dream fest dealbook. He said we had a bad quarter, but look at our stock. Im looking at the stock and says that goes higher. That goes higher. Using that as an example. Look at goldman sachs. That stock is up 20 bucks from the disappointing quarter. Wells can go up dramatically, jpmorgan can go up dramatically. Jamie dimon will say we had a record year. Until now. Healthcare, sold to you. Look, i think that let me ask you valeant. Big. Key to this market not long ago. Conference call tomorrow at 8 00 a. M. Will be four hours like ackmans . I hope not. Mike pearson in this case. Its hard to imagine the company, it was not an 80 billion dollar company, but cant they be more creative. There was an article today, a hedge fund she owned a lot of this. Why do they own so much valeant. Because it had the earnings per share growth versus merck. You get behind ackman, you buy valeant. It should have been Valeant Ackman corp. Interestingly, as we said, it was valueact valueackman. You have the young group. The cornerstone of that company that benefited the most from the runup. Its amazing how many hedge funds own this group. Come on, man. How many thousands of stocks are there . This is all they can come up with. Ackman loved it. People got behind ackman and listened to pearson, raising numbers, raising numbers. Did anybody look how . You cut the r d, nobody cared about that. Suddenly Hillary Clinton tweets that you should short valeant. That was not exactly the tweet. But that is what people did. We played a song coming in here. You said it was about plum creek timber. I said it was about the eagles win it was actually about valeant it was called timber. You better sell, you better short did you know those words . Pit bull said you ought to short. Kesha said you better sell. You know how you spell keshas name . With a dollar sign. Bad blood. Thats a different group. This had ackman, pit bull, kesha, swift taylor swift. Fast falling swift, kesha with the dollar sign. I got it. Pit bull is what the bears are doing to it. Where is andrew left today . Hes not allowed andrew left. He cant talk. He said his peace. Valeant is looking up today. Of course well see what happens with that stock. What developments from here. The latest was pearson was forced to sell. Given a loan he had that was prudent. Did margie call . No. He is not one who sells stocks. You get loans against some of it, you can use that to finance whatever you want to be doing, buying a house. All those things. Then eventually if it falls enough unfortunate. That day when they had the big volume, wasnt that intimidating . Down big. Cash flows, david. Well see. We will see. I have Horizon Pharma tonight. Far from over on that. Taking great pains to distinguish themselves from valeant. They use specialty pharmas. But the valeant Conference Call may be the key to this week. If they cant stop the decline in the drug stocks and you have all the money going into the wrong place there. Everybody is trying to make a stand on healthcare stocks. All people should be doing it look at zions. Zion. Zions bank. Well watch priceline as well. Beat the street with Third Quarter numbers held by record bookings in the accommodation business. Shares down because of guidance in the Current Quarter. We will talk with ceo darren houston in the next hour. Short of 12. 42. Talking weak euro, weak pound, versus the dollar. They they speak softly but they carry a big stick. Theyve done exactly what they did 15 times the last 15 times. Four of the last 15, the stock was down a week later. They always play this scam, everybody fall forces for it. Stock goes down 90, we start listening. Last time down 2 . Look there are reasons sometimes why stocks go down. This is a priceline game. The priceline game says buy priceline according to history. 4 out of 15 down. 11 up. Interesting. That is interesting. Its a secular look like expedia. Cant beat these things. Using the internet to be able to get cheap tickets. Its a secular trend. Finally, that deal with the timber music at the top. 2. 2 billion dollars. Weyerhauser looking to sell a couple things. All stock deal, but they will initiate a 2. 5 billion buyback once it has been completed. Plum creek owners will own 35 of the combined company yeah. 35 of the combined company at close. You emailed me yesterday. You seemed excited about this. I was very excited. This is a great acquisition. You create a tremendous amount of land. Housing has been decent. They got timber. I think that this is a great deal. You know, weyerhauser has done nothing for a long time. Yeah. They needed a catalyst. Ceo of plum creek, rick holly, will become nonexecutive chairman. Been running the company for 16 years. Best performer in pure timber. Way way weyerhaeuser has been cutting costs. Doing the right thing again. Plum creek is not valeant. Its about trees. You know, trees. What was that . It was in fact, jim, 13 million acres of trees. A lot of trees. 13 million of the most productive and diverse timberland in these United States of america. Lord of the rings which one was it with the trees . Kind of like that. Lord of the rings 3 . If you get the wrong one youll be corrected. No doubt. Trees were in a lot of them. They were. But that was a great move by plum creek. That plus the apache rumor. Dont you love that . The apache rumor. Loved it. Thats your style of journalism. Hey, someone contacted apache. Big piece on amgen, all these rumors. You continually let the facts get in the way of the story. Thats why you are the best there is. Just refuse to just go out there and say the white knight will be anadarko and its 77. Specificity its anadarko. It is like a horse race. Anadarko, in the seventh, put down 75. Or clue. Or clue. Right. Mr. Mustard, 77, for apache. In the dining room with the candlestic candlestick. When we come back, some big changes may be on the way at yahoo . Well talk about that. Shares of Norwegian Cruise Lines up more than 50 in 12 months. The companys ceo will tell us how he plans to keep that momentum going. Another look at the premarket. Quarter to date, s p up 9. Year to date, s p up 2. Californias coastline is a welcoming, wonderful home to everything from surfers to seals. Attracting visitors from around the world, around the year. Along the coast, protected areas are set aside to preserve a Fragile Community of animals and plants. To protect these natural wonders, heres what to know before you go. Stay at least 300 feet away from seals. This is their home. Dont touch marine life in tide pools. Take away your trash and your happy memories. Always enjoy and protect our marine habitats. Yahoo has reportedly hired mckenzie to help with its reorganization. Mckinsey will decide which units to shutter, which to sell and invest more in. Executives have left in the past month or so. Yeah. Wow. I think thats one where, you know, you back out alibaba, back out yahoo japan, you get nothing. Thats not changed. I would have thought with tumblr, i would have thought with some of the yahoo search, with help me here, will you . That they have other things. Yahoo finance, Yahoo Finance. Yahoo finance. Our partner. Lives on as an incredibly strong brand in that area. Tumblr is another name. Tumblr. Yes. But, of course, there have been recent Management Changes that carl mentioned. We come back to this a number of times, jim. You complete the alibaba spinoff, 384 million shares. They call the abico spinoff. Youre left with not much. Youre left with a relatively Small Company run, of course, by ms. Myer and then the question is what is the strategy there . What is going to be done to really move the needle . Still have the stake in yahoo japan. You take that out, its even smaller to your point, you made many times, youre not paying much for that core business in terms of a multiple ebita. Maybe you shouldnt be. I was hoping maybe they would use that cash to buy Something Like like a zillow which had a good quarter then ebita was disappointing for q4. Maybe get a subscription business. Maybe get one of these all of these different food delivery businesses. I dont know. Grub hub has come down a lot. Maybe roll that up. Theyve got to have a strategy that has something. I dont see anything yet. Nothing is materialized yet that makes you say, you know what . I have to own yahoo because of x. Not to say she hasnt spent money on going after at least named talent. Acquisitions of talent. Yes. Thats why i kept thinking Yahoo Finance could be the ultimate. Look at aol with verizon. It will be interesting to watch whether she comes under pressure at all. What the board of directors there decides over time if theyre not seeing things move in the direction theyd like. She has returned a lot of capital to shareholders. She made good decisions when it came to not selling as much of alibaba. Fantastic. At certain times. Given the pullback in the stock, others said maybe they could have sold it all. They couldnt have they were locked up. A lot of cash. Well see. That said, its been four years, right . Look, she did in terms of preservation and capital, theres a lot of companies in that area. If you look at the stocks, other than, you know, the king stocks, facebook and amazon, google, theyre all bad. All the internet companies, link link linkedin has been good. You look at yelp. Yelp. Grub hub. Grub hub. Zillow. No valuation creation lately. She joined in july of 12. In july of 16, of course, it will be four years. Thats their annual meeting around then. Maybe they can buy trip adviser. That would be good to own. Talk to the ceo of trip adviser later this week. Really . I will be. It will be interesting to see. That expedia tie up expedia is on the move. They are. Very good company. The homeaway decision, listened to that interview. Geez, they can really be a force. Even against airbnb. That was another one that was right there for the asking. She could have bought homeaway. Brian sharpe built a fantastic company. Just about to break out. What happens . Expedia merges with them. Theres so much within homeaway. B bedandbreakfast. Com. Very excited about that, arent you . Yeah. Yeah. I am. I think its great. Thank you. Well get cramers mad dash and count down to the opening bell. Another look at the premarket. More squawk on the street in a minute. When you do business everywhere, the challenges of keeping everyone working together can quickly become the only thing you think about. Thats where at t can help. At t has the tools and the network you need, to make working as one easier than ever. Virtually anywhere. Leaving you free to focus on what matters most. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. So wi got a job ews . Ill be programming at ge. Oh i got a job too, at zazzies. friends gasp the app where you put fruit hats on animals . I love that guys, ill be writing code that helps machines communicate. interrupting i just zazzied you. phone vibrates look at it friends giggle i can do dogs, hamsters, guinea pigs. You name it. Im going to transform the way the world works. proudly i programmed that hat. And i can do casaba melons. Ill be helping turbines power cities. I put a turbine on a cat. friends ooh and ahh i can make hospitals run more efficiently. This isnt a competition all right. We have a Little Research here that will move stocks some. Well get to that on the mad dash. About six minutes or so before the opening bell. First data, david, came public to a muted reception. Now we have nine firms coming out and saying you should buy. Nine buys. Its kind of interesting to have nine buys. Not Many Companies that would merit nine buys. Because especially ones that nobody wanted when it came public. But, any way, here it goes. Various reasons why. Well, its terrific. Its great. You want to love it. First data the best ever. Little penguin on the other side. Thats the typical its a typical if underwriters come out after a month, i guess, and say we dont like it. Yeah. Thats when we do one thing i would say, its not it is expensive versus the rest of the group. I dont blame them. Its like synchrony, which was priced low and worked. This incident start off well. No. But they brought it back nicely. They loved it. A lot of people would say its like the panthers. Its the panthers. Cam newton. Just using a football analogy. Got it. Retail. Moving ton retail. Jpmorgan did exactly what i feared. Macys, dillards, nordstrom, kohls, saying they have too mu much cold weather inventory. A lot of people Walking Around in shores this weekend. Not looking for gaberdine pants and wool jackets. Thats not the core audience the companies need. North face, no. Aboutface, tshirts. Its really that easy . Yes. It will get cold. They will report this week. How do you know . Are you pro keystone . Everybodys going out to the mall. No one is at mall. Have you been to the mall . No. You were at costco. I was at costco and homegoods. Holy cow. Were having thanksgiving at my house. Out of thanksgiving stuff. Aisle after aisle of other holidays. Ho homegoods, tjx, costco, jam, jam. A lot of the stuff now natural organic. How about taste . We have the opening bell. under loud music this is the place. Sustainable tea tree eir boil and kale. Ade from you, my friend, recognize when a trend has reached critical mass. Yes, when others focus on one thing, you see whats coming next. You see opportunity. Thats what a type e does. And so it begins. With e trades investing insights center, you can spot trends before they become trendy. E trade. Opportunity is everywhere. Youre watching cnbcs squawk on the street, live from the Financial Capital of the world. The opening bell in about 40 seconds. Earnings season finally coming to an end. About 444 of the s p already reporting this week, cisco, nordstrom, macys. These retailers. Maybe it gets cold between now and when they report. Its going to be raining. Not working. Longest winning streak of the year on a weekly basis despite the fact that the dollar is the highest since april. Remember when the dollar was a problem . Look at caterpillars, and cummins. Theyre starting to roll over. Theyre rolling over again. Theres the opening bell. At the big board this morning, veterans on wall street. The Bob Woodruff Foundation highlighting their upcoming employer symposium. Over at the nasdaq, arc best, a Logistics Services company. Havent gotten dupont on the record yet. Ed breen, ceo, after serving on an interim basis. Stock has had a major tear since that not so good report and maybe recognition that things are more dire. People love breen. He brought so much value previously. Thats quite a move from the bott bottom. What a move. I dont think any of us are surprised he was made permanent ceo of the company. The other gentleman on the board may have wanted the job. Dont you find it interesting that Ellen Kullman did put on people who were brudis. Et tu brutae. I do think that continued to her demise. Trojan horse. Its been good for trian. Give than move in that stock and ge. Hello, ge. Did ge go through 30 . Thats a key psychological point. Not