Goes. The european markets you ask, how did they fare . Lets take a quick look here. Theyre all in the red, though. Not too bad. As for the tenyear note yield and crude oil, the tenyear note inching up from yesterday and crude below 50 just hanging in there, wti down a little more than 1 . Lets get to our road map this morning. The ecb leaving Interest Rates unchanged and were live in vienna as opec leaders are set for a big meeting on production levels and teslas musk saying we could see an apple car by the end of the decade. Mario draghi holding a meeting now. He said he sees inflation likely to remain low or negative and sees the European Economic recovery proceeding at a moderate but steady pace. Nothing too surprising here, jim. Some are awaiting details on their ability to buy Corporate Bonds kicks in. Perhaps details will be shared there on what the plans are there, if any. Oil prices having moved up, the euro having moved lower seen as a positive but theyre still not really getting that inflation. But i think whats important is some of these companies are really turning around. Germany, we had the car registrations plus 12 last night. Spain has 3 growth. Italy needs to look by the banks but theyre doing that. The Companies Idea in youre, its all good. I dont have any company that ive had on mad money where europe is bad versus last year. Thats a relative good versus bad, right . Or are you just saying straight across good . Straight across good. Really . Straight across good. Its a chance to be able to keep the dollar high, keep the euro low. Theres still not enough lending going on. When you try to get a loan say from an italian bank, its not there, david. And that matters. Theres not a lot of lending going on. Look, france could use a little help from germany in terms of maybe growing their Balance Sheet a little, but i see opec, no change in policy. Anyone that thought that there was is ridiculous. Theyre nowhere near generating inflation, which is the goal to levels a bit below 2 . Ive taken europe off my screen as something that ive really worried about, except for i dont want that euro to get really weak. And i would assume the potential of the u. K. Exiting. I dont know where the numbers are now but brexit is still an issue. As soon as you write that off as an issue, it happens. That would be foolish. Thats very upsetting. I still contend if germany were to use its Balance Sheet to put people to work and we came up, this is not a statement about russia that im about to give, but we heard talk that merkel was talking about the idea that maybe sanctions could be lifted. Given, again, when you Say Something like that, people think you think the russians are good actors. No. That sochi olympics was the peak and europe came down, starting to come back and i just dont regard europe as being dangerous. I think italy refinancing its banks is the last straw. Get italy back on track, its not right now, then i really think you have a good growth in europe. Really . Yes, i do. And demand. You have to get those banks reliquified. They are doing what geithner did to us and theyre making every one of those banks raise money. They waited too long, thats because its a club, a cartel. Seven years later. Better late than never. I suppose. We have breaking news from brian sullivan. How did you know that . Lets go to the leaders meeting in vienna. Brian sullivan has news for us. Reporter opec fails again. As jim referenced, there is no change, according to multiple reports. The press con presenference is w beginning. According to multiple reports, they met for hours and were unable to find any kind of agreement on an output ceiling or production freeze. This is just like doha. What a couple of members wanted was to go in and establish some kind of either a total cap or total output production, or a percountry cap. Of course the saudis and iranians could not agree back in doha, we dont know who the problem was, was it saudi arabia, iran, somebody else . Multiple reports suggesting the meeting is just ending with no agreement on a production, on a ceiling. And reports saying that nigerias representative will be the new secretarygeneral. People dont care about that. Remember, that secretarygeneral can often be the person who mediates disputes. If you have dispute between iran and saudi arabia, if that person has any influence or power, they might be able to go in. The news, guys, the headline no deal. A lot of optimism this morning and once again, jim, it got us nowhere. Nothing got done in opec. Nigeria is nearing bankruptcy. Those guys squawk. They want something. Brian, you had a comment this morning on the 5 00 show which was so good. What they want is they all want to sell more and the absurdity of it, you captured it in a sentence or two. Tell is again, i thought it was so smart. Basically they all want higher prices and they also want to be able to pump more oil. Id like a unicorn and a lollipop also. Its not going to happen, guys. The reality is that its every country for itself right now. Venezuela is at about 2. 8 Million Barrels a day, nigeria has had a couple hundred thousand barrels down. The other headline is that opec necessarily is not going to be the power that it once was. Weve seen this now for a couple of years. Everyone was looking for something to turn around. It has not happened, guys. Brian, well be checking with you throughout the day. Brian sullivan live for us at the opec meeting. He didnt buy in to all the nonsense. Just point blank its not going to happen. I find it hard there was real optimism going in. We got to 50 a barrel. Thats where our companies can start selling futures, theyve done that. Put a nice lid on it. I dont think we go much below 40. Theres too many banks that need that money. Last quarter when the banks reported, they were up a upset they had lent so much credit. So 50 is the level where you can go sell futures and pay off bank of america and bank of america is happy but it does present the problem of more oil on the scene, which therefore makes it hard to get past 50. Lets go out to the code conference in california, of course where Carl Quintanilla joins us. Try saying that fast a few time. Elon musk has made some comments. Primetime was saved for elon musk and it was typical musk fas, started late, about midnight east coast time, talked part physics lessons, about theathe a aerodynamics of space and tesla and even whether apple will create a car of its own. Take a listen. I think theyll probably make a good car and it will probably be successful. The car industry is very big so its not as though theres, you know, one company to the exclusive others. Theres like a dozen Car Companies in the world of significance. So the most that any company has is approximately 10 market share. Despite all the skepticism about the production targets, he still sees half a million cars in total by the 2018 time frame, maybe a million, he says, by 2020. A pretty clear path to get there, he says. But they didnt delve too much into what its going to do to create that production, the likes of which very few factories can do it all. What i hear is they cant make the model three. The demand is too great. Maybe apple can help alleviate the shortage of teslas in 2020. Weve all been discussing that the tesla is not selfdriving. Is apples car really is he saying thats the one that will make it so this we dont need drivers . I dont think he went that far. I would add theyre making a pretty deliberate attempt to make this mainstream. Tesla has a good here at code con where you can take a spin in a tesla. We drove one yesterday. Jim, i know you have as well. Its an experience that consumers should probably try. I mean, that semiautonomous feeling. Heres me not holding the wheel, going about 45 on a highway. Never had to save it really and no torque differential means zero to 60 in basically 2 to 3 seconds. Its a different kind of experience. I was trying to go 60. I went 80 in a nano second when i was on the jersey turnpike. Its really incredible. Steve jobs wanted to rideun a c by water. Does anybody talk about that anymore . Theres been a lot of discussion here about whether a car in general is a computer. Mary meeker yesterday, a big presentation and part of it was devoted to was a car a computer. She believes the u. S. To reclaim auto, we own the big components and tesla. Apple is going to be a bit weak today not having anything to do with what elon musk had to say about their entrance to the auto market but because goldman took its numbers down and its price target down. Theyre still above much of the street in terms of their iphone forecast, guy, but they do lower them based at least on some gardner numbers and weakness that seems to be concentrated north america, western europe. Theyre taking their numbers down on iphone shipments, their overall estimates down, their multiple remains at roughly ten times excash there was a lot of did i mention there was preeshent ahead of that . You did. Ios poised to lose 11 market share. And then she goes on to talk about the rise of alexa, the ai aid in your home my favorite was a tweet by julia boresten at 1 10 a. M. , david, the call comes back to my point, which of you is a simulation and which of you is reality . There he is again. I think we both know. Oh, god. Who knows. The initials are d. F. Im glad hes still talking about the simulation things. As long as he lets me continue to do the show as a simulation, im thrilled. He seems to like the show enough to let us continue. I guess. For being a simulation, david, you recognize human speech really well. Its almost like a real human. Thank you, thank you. Its many years of working on that on that internal computer. Carl, i know we have a little more sound from him. We may have a moment or two to get to interesting highlights. Sure. Heres musk talking specifically about that 2020 production target. From teslas standpoint, we want to take a set of actions that are likely to accelerate the advent of sustainable energy. So scale up production as fast as we can so we accelerated plans for the model 3 by two years and we want to try to get to half a million cars in total in kind of the 2018 time frame, which is an aggressive schedule but i think achievable. And then maybe a million cars a year by 2020. And i can see a pretty clear path to get there. Whether or not you believe him and whether or not theyll get the capital to do it sort of leads back to what you say about the stock and that it is a cult. You even believe or you do not. They did that giant secondary. Excuse my looking at the actual facts here. Heres teslas stock. Its still 4 points above the secondary. They could raise more money. One of the things thats actually true, the demand for the thing, the demand is out of control. When you were driving it, carl, did you not say to yourself, okay, i like it more than when i drive right . Of course. Although i will say this theres a large 17inch display and you can plug in, going from l. A. To san francisco. It will tell you every charging station you have to stop at on the way and its like four stops at like 20 minutes a stop. So thats going to be a mind shift that consumers will need to make. Battery. This is fmc technology, makes the battery, panasonic. Were going to figure out how to have electricity where wind is, where solar is and well be able to store it nationwide and fossil fuels will go away. Did he give you the fossil fuels will go away argument . Reporter one more time, jim. I didnt hear you. Hes also saying fossil fuels will go away over time. Yeah. Hes got a clear vision. Were going to mars. I saw the movie the martian and we got to go to a commercial break. Thats where we have to go. Were going to mars. Do you look at the time . Its 9 16. He did say if you have to pick a place to die, mars is not a bad place. I did see that. Very strange. Carl, well check in with you throughout the morning at the code conference. And ken lowe, the chairman of Scripps Network interactive. I need that right now. Thats more important than the warriors versus cleveland, right . That may be. Game one tonight, i believe. Theres a look at where we stand before the open, about 13 minutes from now. Well have it when we come back. 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Because now youre free to watch your directv with unlimited data from at t. So snowbound family, youre now free people stuck in this elevator. Man in a trunk. Guy caught in a spider web. And couple trapped in this relationship youre all now free to enjoy a whole bunch of stuff seize the data get unlimited data when you have at t wireless and directv. Switch and get up to 650 credits, per line. Theyre concerned about global headwinds and one of those is brexit. He said the European Union is prepared for an exit if that happens. He said it presents Downside Risks to the economy and the european. And 1. 6 from 1. 4 was the original gdp forecast and 0. 2 going to 1. 3 next year. He said hes ready to do more stimulus but wants to see how the current one plays through. On the adp number, this morning we heard 173 theres the ecb inflation forecasts. I want to tell up we got a look, 173 is the number but in the that the nonfarm pay roll is less. The reason is the union, the verizon strike not incorporated into adp but it will be in the nonfarm estimate tomorrow. Thank you. Let great quick mad dash here. Ive been calling for a Company Called quick technologies. They got a bid from toma bravo and theyre paying 30. 50 and 30. 22 with that signal there could be someone else coming in. That could be pretty tight. We got mercado earlier this week by vista. The demandware deal yesterday. Two of them are private equity deals, which is interesting. I think this is putting ultimate equity deal. All these companies hate it when you say theyre similar because they obviously think theyre unique. Ive had qlik on a number of times on mad money and they analyze big data and they do analyze it. Now they all do it in different ways, in different forms, but this qlik is something that i want ibm to move in more aggressively and i wanted them to buy. Often times these things have a go shop. Theyre not getting anywhere near their 52week high. Well keep an eye on it, jim. We got the opening bell about four and a half minutes away. Stay with us here on squawk on the street. P . P . O . Gv youre watching cnbc squawk on the street. Were live from the Financial Capital of the world. The opening bell is going to be ripping less than ament fr meni now. We have opec today, ecb, oil an issue in todays trading, given that its lower by about a percent and a half or so. The adp was in mind. Maybe a little more dovish but its oil. We just trade oil. Uhoh. A little early. Never good when they go a little early. They did it too early. Maybe bad luck. Cant have a stop and a start. Maybe we will get that opening bell now. There it is. Take a look at the s p 500. We probably will end up with a bit more red on the board than green given at least how we looked prior to the opening. Jumping the gun a bit on the bell. Scripps celebrating its recent transfer on the nyse and listing on the nasdaq. Well speak with ceo ken lowe. And skinny bundles. Well talk about skinny bundles, how you can become or still maintain your dominance in certain areas if youre not included on these bunds. Hulu. My wife watches hulu constantly. It quite annoying actually. Why is it annoying . Because i want to go to bed. The annoyance is in the hulu. If shes going to do this, i want to put on espn. Its a world of dog pictures and thats youtube, isnt it . She does youtube and hulu. I like to watch the program as it happens. Im a throwback thursday. You are a throwback. Tens of millions of people will still have the bundle but tens of millions who wont. Who wont. That does matter. It does. The key product for the distributor is broad band. And thats why comcast stock does not quit. That stock has had a good year. The charter deal getting out of the bank. Did you see nathanson yesterday, very positive comments about it. Spectrum is the name. I got a personal letter from tom rutledge at home you did . Yeah, saying, hey, were spectrum. I se they sent that letter to everybody, of course. It wasnt to me. If they could only come fix it when it goes out. Geez, i just was surprised. As you should be. The s p is down about a quarter of 1 right now, jim. You said oil is the key. Key to this market. Now, the things that are coming out of this code meeting, heres my takeaway. Amazon is good, okay. Amazons king. Amazons the best. Have you looked at amazon out of this . We mentioned amazon. And apple, dead, buried. This is the chapter 11 apple. Its unbelievable. Amazon is up a bit and apple is down. Even the goldman buying it did take the numbers down a bit. You got a price target that goes from 136 to 124, thats based on 12 1 2 times their new calendar year numbers, where