Its a take over tuesday. Weve got a lot of deals to tell you about, and were going to break them all down for you. Finally this morning, apples big event is tomorrow. Were looking ahead to what infectors should expect, but stocks are set to open higher after the u. S. Added 151,000 jobs in august, investors still aer watching the fed, in anticipation of the september meeting and donald trump speaking out on rates in ohio yesterday and sounding quite different from an interview he did on squawk box back in may. Heres those comments what he said a couple months ago. Ive always been a lowInterest Rate person. If inflation comes in and we dont see any signs of that, but inflation starts coming in, thats a different story, then you have to go up and slow things down. But right now, im if for low Interest Rates and i think we keep them low and we have to compete. Theyre keeping the rates artificially low so the economy doesnt go down so obama can say he did a good job. We have a false economy. We have a bad economy, everyone understands that, but its a false economy. The only reason the rates are low, so he could leave office and say, see, i told you. At some point, the rates will have to change. A comment largely about what the next few months are going to be about, increasingly political. If were a also economy, the other guys are more false. Europe is completely false, im seeing good data out of europe. Car registrations are good, some earnings are good. Japan is i dont know, theyre buying etfs. Theyre buying every stock. Everything is kind of in the end, relative. And while i respect any candidate to talk about this, i dont know if youre calling for lower rates or higher rates. Lower rates of inflation could you help me here, david . I cant. I cant and i wont. I need you for help. I will tell you we did a jobs number on friday that was 151,000 below the expectations but most economists stuck to their forecast, whatever they may have been in terms of those rates we are talking about, whether the fed of hike in september or as soon as i guess a couple weeks from now. Nobody changed. It was really interesting because the bank stocks stalled a little bit, but it was almost if this was in the cards and were still going to move september. I think the Stanley Fischer interview was rather amazing. Hes the heavy and he puts out there could be two hikes with steve and after that i think people just said theres got to be one, so lets just get it thats what really changed the dynamic. It was fisher saying it could be two. Its hard to take that back and have none. You buy the argument that whether its september, december, whatever, the fed is more hawkish now than they were several months ago . Absolutely. And absolutely. And that keeps the lid on stocks . I think theyve been saying data dependent, but if theres any sort of exogous event overseas were not going to take action, and right now, the g20 meeting, seems okay, japans propping is up perfectly, and europe and brexit. You do have the respect for political change, in terms of populous parties winning larger and larger followings. Thats true. In germany, for example, some recent elections there. Merkel delved defeat, but i think things are fine. If we added 40,000 jobs i think wed all be saying this is maybe september, december, but retails are strong, auto sales have been okay, housing is strong. Not a lot of inflation but i think they feel that rates are too low, and that this didnt change it. Were going to talk more about that over the next couple weeks, and the other thing is david told you a lot of news in deals. Embridge, to buy spectra, worth 28 billion, and danaher buying sefid, and buyer monsenaanto. These are real deals were talking about and i want to get the take on embridge, but this has been going on since the spring if you recall when buyer came with a 122 million bid. The latest is 127, 50. We would not have learned for it if not for the jerp man publication, and the uk, namely when a publication or media outlet comes out with something you need the companies to confirm it publicly if it is in fact correct, and so they did, and thats why were hearing about this. What i can tell you is it does appear monsanto and buyer are moving closer to a deal and we could see that within the next week or two, according to people familiar with the situation. 127. 50, monsanto made it clear theyre close on price so the expectations its going to be 130 perhaps will normal be met and be see deals as low as 12,850, but theyre getting close on things thatll go along with any deal including deal protections given the antitrust scrutiny that would be undertaken and primarily, the eu, theyve been doing a lot of scrutiny of all sorts of things. Theyve got an agreement or close to it what the overlaps are in the business and this is kind of color that i can give you, as well. A lot of Due Diligence has been done by bayer and there have been multiple drafts of merger agreements. None of this is to say a deal will happen. Monsanto tells in their statements and ive reported on them, as well, other proposals and other parties and other strategic alternatives, but we dont know what those are and ive gone on a number of roads and had various things denied so i cant tell you what they are. But specific to bayer and monsanto that began in the pursuit in the spring and now were entering the fall, it appears a deal could be quite close, perhaps a little as a week or two away. They seem to be coming close on price. Some people may be disappointed, jim, but monsantos business has not performed well. It has not. When youre talking about trading 18 times ebitda, who started at 122, thats not going up very much. Perhaps some disappointment, well see. Dupont, two c companies in the world, forget about it. I mean, the eu doesnt even want to see these two companies talking. I mean, this is again, a bunch of lawyers who dont worry about it. Can i just say, having gone to law school, that you can call me for 1,000, i will tell them this deal doesnt just pick a bet for charity, of course. But this is another one. Do you think of those hurting in the country to begin with. And its going to be closely reviewed with dow and dupont. You have your doubts, and well have to see what kind included in any deal when and if we get it from these two. The spread is because the likelihood of this deal happening is fansful. It its fanciful. Youre talking at least a year, likely. Its seed and these the farmers in europe and the farmers in the United States protected classes. Theyre protected classes. And you cant do anything that makes it so they suffer, because theyre very powerful. We forget, the ag lobby, very bent on that. We have some other deals this morning, too. Yes, lets get to those. Being you are a pipeline guy, who can name pipelines. I know where they go. Embridge is buying spectrum, in which the two shareholder bases will end up with 43 will be owned by spector shareholders. Its about 11 and 1 2 , creating what is going to be the premier liquids and gas company when it comes to transporting this stuff. Embridge is liquids andspe spec is gas. Spectra, already have 50 for the year and yield nice 4 plus. Im shocked at this deal. Shocked because if there were two companies that were doing well, as opposed to putting together these drunken sailors, it were these two companies. Spectra is the pipeline from south to north. We dont know if we need that anymore. They the pipelines to the northeast and maybe to new england. Its very hard there is the environmentalists have really coelesced and they will continue to be a big part of this combined company. And i dont know if they need all of this canadian pipe. I dont know if they need it. Im saying this is a great deal for spectra, but they were doing great without them. I was very surprised. The people in the industry said, are you kidding me . These were the two that didnt need to do a deal. Monaco and eagle, are really protected at enbridge, and spectra, unlike a lot of jokers who went nuts in the absolute high. And the thirdlargest companies in canada. And biggest infrastructure n north america. Enbridge is pretty much everywhere. I just gave them credit. I like the deal from the point of view of enbridge being able to combine and become a nationwide company, but make no mistake about it, spectras real value, up from the gulf, what theyve been able to do in new jersey and new york, and new england, which by the way is still oil from overseas, venezuela. Finally, were getting some reporting on the folks, Gretchen Carlson lawsuit, who had sued former fox chief, roger ails, and saying roger ales will settle for carlson sfor 20 million. Whats curious is her case was against ales personally, and now fox appears to be acting what vanity fair says as insurer to a ales. The new York Magazine piece on friday, 20 million, got off pretty light. Did i read that piece . I read every word of it. Every word of it. This is sara ellison, who weve had on a number of times and her reporting is usually spot on. Well see if we get anything from fox but that would settle that. The question is the actual network, and what james murder do and himself decides what to do. They are threatening to sue sherman of new york smmagazine d issues what the company is calling apology, so well see what this ushers in for fox. A level of repudiation, rather remarkable. The new York Magazine piece its like this thing unraveled in days well, his career. It it came to conclusion quickly after what would appear to have been many, many, many years. Often when you have tapes, things change. Roger ales e i know know sher to ales they explain why they can go after gabe sherman all they want, but that guys money in terms of his sources, gees. Theyve been out in front. When we get more this morning or official word well get it to you. Coming up what we can expect ahead of apples launch tomorrow s p 500 has not had a single move since july eighth. Were back after a break. s beenl being back so were constantly going over our data limit. Oh, well, now all of our new plans come with no data overages. Wow, no more overages . So that means. Go on. Say it. Well finally be in control. And re back. Introducing new at t plans wh no data overage charges. This is my new alert system for whenever anything happens in the market. But thinkorswim already lets you create custom alerts for all the things that are important to you. I guess we dont need the kid anymore. Custst alerts on thiorswim. Only at Td Ameritrade. Wore watching apple ahead of the big product event tomorrow, the companywidely expected to unveil the next generation of the iphone 7, and could announce new versions of the apple watch, ipad, mack. T the biggest headline should be the elimination of the head phone jack but its unclear if other major additions are coming. One of the great parlor games, jim is figuring out what theyre going to say before they say it. The press ahead of this is kind of like unless youve cracked your screen, youre not going to buy it. This is the least amount of hype ive ever this is like the one that no one wants we havent seen it but boy do we know not want it. Right. And typically, you want to know what chinas thinking and looks like chinas kind of not much going on there. But india and brazil, if you go back to that last conference call, i think it matters how the phone does in the other places where there are emerging markets. Not just the United States, but theres not always a lot of excitement. Always important to point out, its not sure how many of a cap this keeps on growth or replacements, but the quick installment plans that are the rule for the wireless carriers, you get to the end of your plan and then your bill goes down and you can keep your phone, and if you dont feel you need to upgrade, youre finding yourself with another 30 in your pocket that can have an impact on peoples willingness to trade up if theres reason to do it. Apple as a nogrowth stock, apple has a game it plays whether it goes up or down. It is the servicerevenue stream and maybe its something surprising about the watch that could matter because this phone, which is obviously the biggest driver by far of earnings, is just going to be okay and everyones kind of just eh. Now the stock has had a big move from 93. I think people just said, look, it got too cheap, but i i wish there was some excitement about it. Are you going to get one . Unlikely. Really . This time around. But if were talking about the head Pope Benedict xhone jack, something is amiss. The expectations are solo, easy to pass. I guess so. I was working out yesterday watching strike back on my phone while i was working out and realizing im just one step away from being choked by my headphones. You know, its like look at that, i can just go like that. So maybe im a candidate just because i use i watch yes, do you. Now, if i had been watching narcos, i would not have risked that. Gotta go wireless. Thursday, broncos thanner thipa you can imagine that game . Gees, who has that . Im not sure. I think we might. I gotta get wireless. Go wireless. Well get cramers mad dash and well count down to the opening bell. Take one more look at the futures on this tuesday. Welcome back from summer. More squawk on the street from nyc straight ahead. Upgrade your phone system and learn how you could save at vonage. Com business [enginrevs] [cheering] the highly advanced audi a4. About seven and a half minutes before the opening bell here. It is a tuesday for this mad dash. You want to go to eog . Yes, eog is the largest producer in the lower 48 of oil. But theyre not done. Theyve just bought the yates field, but their yates acreage is largely personalien, new mexic mexi mexico. Every time theres been one of these deals and here they issued 126 million shares. Every time theyve done one of these deals, the acquirer stock has gone up and you you say to yourself, all right, where are the majors . You know, simirex has all been in there buying and buying. Pioneer and permien is the cheapest. Cheapest in the lower 48. Its a real company. That was mark papa that built this company and retired. One of the things thats amazing is eog shifted away from eagle ford. Its all permien. Sheffield at pioneer said had the equivalent of 2 oil at personal i dont. The new mexico stuff, ive never trusted as much, but eog, these guys use Reservoir Technology from corps laps so maybe this new mexico is much better than i thought, certainly drillingss much cheaper, so any way, this is a big deal and the stocks going to go higher, not lower. All right. Well be watching that and get you to some other deals, danirer, and volkswagen and n navastar. Certainly an interesting deal. Weve got the opening bell, six minutes from now. Youre here touy a car. Wh keeping the power lines clear,my job to protect public safety, while also protecting the environment. The Natural World is a beautiful thing, the work that we do helps us protect it. Public education is definitely a big part of our job, to teach our customers about the best type of trees to plant around the power lines. We want to keep the power on for our customers. We want to keep our community safe. This is our community, this is where we live. 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Weve been through some of the deals today but well get services ism at the top of the hour, after that contraction in manufacturing which gave some people a scare. Yeah, that was not look at the individual regions when they did the reports. I didnt see that coming at all and i still cant get grasp where that is. We have residential construction, nonresidential construction, weve got very good auto build. I just couldnt figure it. Sometimes these numbers are a mystery. Relatively light macro week. Well get williamsburg tonight, but nothing like the last couple weeks. Weve been bombarded. Today are individual stocks and people taking action to help themselves. David mentioned this navistar. And comings was not going up, it was going up for a turn in orders in china but that stock is down far more than i ever thought would happen. Navistar is i guess here to stay. Vw taking a couple seats on the board. They bet on the u. S. Class eight and media truck market. And the u. S. Class eight has been horrible. Comings has a clean air engine. Navistar had a number of mistests, not the likes of the scandal of volkswagen, but theyve watched their market share go down. Navistar, to go to this investment is from volkswagen. And at a premium. Its trading even above where theyre investing. Its having a very positive impact, because it will, as you say, takes them from navistar was you used to meet hedge fund members navistar. Congratulations, hey, thats great. Speaking of investments, ge buying two european 3d Printing Companies for a total of about 1. 4 billion. We got stratus hired on that. Stratus does some they print metal for these things . And alcoa has just spent a fortune on 3 d, al, c oa isa aerospace, too. If you buy ge off the this, youre nuts. Its a huge company but ge continues to be digitized, but should not be moved on that. Now, i want to go back to the enbridge spect radeal, thats a fabulous deal for both. The acquirers are doing well. Theres the opening bell. Snp at the bottom of your screen, its rains brands celeb ra celebrating the tenth victory, and apranga, from the baltick states. Jeffreys adding urban to the franchise list. The urban comforensinferences probably the best. Urban outfitters, free people, they talked about how this is a nonpromotional fall and fashions back. I thought urban got down and really just kind of crushed the stock. This is the first good quarter from hitting all cylinders. I thought it was all cylinders squared. That and foot locker were the two best. Its interesting the raihane brand. That stocks been low. One deal we do not mention was the danaher deal. We dont focus as much on them as perhaps we should, given how successful that company has been. Sefi did is a global, melee cular diagnostics company. Theyre paying a big premium for the company, all cash, 53 a