Lowest level since august. Road map begins with deutsche, shares plunging this morning on news that the department of justice is demanding 14 billion to settle some claims. Were going to take the pulse of the banking industry. The new iphone hit stores today. The lines arent what they used to be, but does it matter . Apple shares up 12 so far this week. And the nfl made its twitter debut last night to some mixed reviews. How it worked and what it means for the future of the company and live streaming. But first up, Deutsche Bank down sharply in the premarket. The doj demanding the bank pay 14 billion to settle Mortgage Securities probes related to the financial crisis. The banks head of communication spoke to cnbc europe this morning. Take a listen. We know that this is a number, its a very high number. This was the case with other banks, with our peers in the united states. And we all saw that these numbers go down significantly then. And so we are very confident that we are able that we will be able to negotiate this number significantly down. When we assure we will treat it fairly in this process. So quite optimistic that this number definitely wont be the final one. This is all related to some residential mbs in the words of the bank, jim, these negotiations are only the beginning. Yeah, theyve been dead wrong on this the whole way up. They felt the Justice Department would never really even target them. Theyre very unrealistic about the way the Justice Department under obama has worked. To tony west, negotiated the incredible fines, bank of america paid 16. 65 million, j. P. Morgan paid 13 billion, citi paid 7 billion. Those were negotiated by tony west. Now general counsel at peps kic. Pepsi Deutsche Bank has to be careful here in what they say because this is america. And thats not the way they play it anymore. This is a different Justice Department with a different view of companies that are not based here. So i think theyve been wrong the whole way, i dont think you go in and negotiate with the Justice Department by coming out and saying, hey, thats your first offer. Because that was the wrong thing. And everyone who negotiated all other deals, is probably laughing at them they started this way. My advice to Deutsche Bank, speak softly, carry big wallet. Eight years after the collapse of lehman yesterday eight years ago, its funny to go back to this time because Deutsche Bank was the leader in creating the abx index. Thank you. Which of course enabled people to short subprime and follow it very closely. You know, guys like greg lipman i remember at Deutsche Bank, they were all over this thing. Yes. Actually creating the other side of the trade. And focused with their clients. In fact, it was even in that movie. Big short. The big short. They actually had those guys in there. Thank you, thank you. Just funny to think about that now and theyre going to get it from the other side for creating the Mortgage Backed securities as well. Now, look, they are lucky west isnt there anymore. West is not there, west by the way is a sensational guy. Hes incredibly cool. But he was very tough negotiate with. What number can they pay . Because Deutsche Bank is had a rough go of it. How much did senator geary pay . I dont know. A lot of long term charts of deutsche floating around this morning. As were talking getting news of shares of intel youre going to want to watch raising q3 revenue outlook. Company says it sees signs of improving pc demand on what has been so far the best week for tech since may. This is amazing because you know that the last quarter was very weak. You know that they this is the First Quarter that literally bri brian said its not coming back, expectations incredibly low, stock well above where it was when it reported the quarter, Western Digital, buy seagate, this group is low on inventory. And its an inventory story. The inventorys burned off. Hp inc. Right. That is the key point here, jim. The increase in revenue that theyre citing which has them about 15. 6 billion plus or minus 300 million as compared to the previous range of 14. 9 is due, they say, to the replenishment of the pc supply chain inventory. Company also seeing some signs of improving pc demand. Now, they have said that before. We got to be careful. Okay. Brian is very conservative forward thinking guy. I would say intel is totally a function and has been for a while of gross margin and inventory. And i think this was the first time where they really did underestimate to me. Now, one of the things happening in tech is it seems like theres just buying of pretty much everything. What it really is is pcs they didnt flood the channel with pcs. They were wrong, wrong, wrong about microprocessors and how much demand there would be. And they finally cut back. And look what happens. Same thing with disk drives. They cut back, look what happens. Gains for the week, skyworks 14, were going to talk about apple in a minute, 12. Broadcom, core vo, list goes on. Nvidia internet of things, but all the other guys are in this. Remember skywork is 7 in the new phone. Yeah. And corp vo is the rf and broadcom is the communications chips. Theyre all in there, and they were all with the exception of broadcom going down ahead of this. Intel obviously has some exposu exposure. They took some exposure from kwa qualcomm. Im not sure id want to be in a Company Still primarily invested in the growth of the pc market. No, i agree. You know how inventories are. Look what happened with Western Digital when inventories, micron, seagate, theyre all commodities, theyre like oil. There was a supply and they cut back on supply and this is what happens. Weve been waiting for this to happen. Many people waiting for this to happen and kept denying, denying, denying. The fact hp is not at 15 right now is insane. Hp q. Thats them. Thats them. Thats the them. You cant buy dell. No, you cant. Well, you can. Boy did he get it right. I continue to think michael dell really got it right. Do you think he got it right . He might have. He might have. Well watch intel certainly up 4 in the premarket. Jim mentions apple, what a run its been this week. Stocks jumping about 12 for the week so far on this upbeat news surrounding demand for the new iphone 7 and 7 plus, they debut in stores today. Both phones are now available in more than two dozen countries. This is a live shot outside apples Flagship Store in new york city which opened about an hour ago. Canaccord today takes their target to 140. Discussion in the journal about how we judge the sales curve of these products as they come out. Also, how wireless carriers may not be poised to benefit in ways they have in the past. Yeah, i dont know. I read that story. Its certainly not what maurice whos here next week. Not what sprint would say. Marcelo. Marcelo. Marcelos very active tweeter right now. Yes, he is. Saying its not what john ledgers saying, its not what atts saying, its not what verizons saying. They could all be a bunch of serial liars and not know what theyre talking about, but i think theyre pretty honest guys. You can make a lot of money off this. Make a lot of money, especially when you didnt think you were going to have new contracts. Thats a pretty significant move in a stock in four days. No kidding. Best fourday run since 09. Mentioned that yesterday. 09. Well, look, when you have all these guys its very funny to watch this and im sure all the people who work at apple remember when all these guys cut their price targets. Now theyre raising price targets. Value added . There was a period a while ago where you were begging sell side to own their skepticism. I did before the fire phone, didnt know the fire phone would be released two weeks before the i7. Oh, samsung. Took me a second. The Consumer ProductSafety Commission calling it a serious fire hazard, asking people to shut them down, do not use them. 92 reports now of cases with 26 burns. When do you charge your phone . I charge my phone when im asleep, okay . I know. I only sleep for three hours, but you cant risk that. All right. A million phones sold. Incidental when we come back, twitters first live stream of an nfl game is in the books. Well get reaction from the twittersphere, take another look at the premarket. Were back in a minute. Opportunities arent always obvious. Sometimes they just drop in. 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. Twitters up the morning after its first nfl live stream. Last night the new york jets beat the buffalo bills. The first time an nfl game has been broadcast on a social media platform. Some users complained about delayed feeds, but there was also positive reaction to the live streaming, particularly the quality of the video. Pittsburgh steelers running back deanglo williams tweeted took seconds watching thursday night football to know this is the way of the future. Business capitalist Mark Andreessen we were promised Interactive Television and instead we got nfl games on twitter. That was one element, youre seeing tweets from people you have no idea who they are, but the company theyd probably argue its a good first step. I thought it was a great first step and i tweeted that to adam bain and their c. O. O. And i thought it was a very big success. My friend fred wilson who i think is every bit as good as andreessen saying he thought it was a home run. But hes long. Wish could watch all sports like this. Yes. Now, can i say i didnt get to say this to anthony, but it did help that this was the best thursday night game i have ever seen. It was a good game. I mean, it was fabulous. Not all thursday night games like if this was a 147 game, you know, i think that we would all have gone to bed. But, no, they got very lucky, but it was a good presentation. Anybody who runs a block, i think thats a bad call. It was fun. It was a fun thing. Also that moment where you realize im sitting through a 30second spot on twitter for whatever bank, beverage company, right . And its interesting someone is tweeting adam bain how do you make money off this . He said commercials. This was a very big hit. And i know a lot of people who felt the stock follow twitter would be up 12 the world doesnt work like that. Congratulations to them. Sometimes ive been critical of twitter. Yeah, you have. But rightly so. Unclear they can get any significant top line growth at that company or meaningfully increase the Monthly Average users at the company, those have been the key considerations not to mention the fact weve brought up many times the ebitda equals more or less the stock base compensation. Right. But theyre a media company. That was interesting. Go back and forth, what are they . Remember yahoo anybody buys them you have to think about other media companies. Yahoo had the tampa bay game, no one really cared. This was different. This was fun. It was fun. Now, the game was fun. Fitzpatrick it was brandon look, you had bmarsh. Bmarsh . You making that one up. No, when i met him, we met him remember scott wapner introduced us at the correspondents dinner, scott wapner is unbelievable at these things. Youre on the field, youre in the huddle with scott wapner and hes friends with all players. Autographs everyone. Didnt know that. Scott wapner. Bmarsh. Is this how youre going to watch the games they have for the remainder of the season . I will watch it this way. It was just too much fun. And i like it. Its like a Nice Community and people were excited. Yeah, but obviously i play fantasy, and that matters. I dont have forte, obviously if you have forte it was the greatest night in history. But i do if the games a good game, yeah. And for those who never use twitter, do you think they look at this and say, oh, i get it . I think its still too hard. Its still too hard for them to onboard, i think. You have to have the right ios. They have to make it a little bit easier for people who are a little older. But if youre over the top, if you dont have a cable subscription but you got your broadband coming in which of course everybody has to have, you can just get it on your internet enabled tv and watch the game. You can watch it on apple tv. Thats how people watch it. Apple tv also got a boost from it last night. Yeah. But look, again, great game. Very exciting, but for the most part its the nfl. And the nfl is on is such a win. I had jerry jones on last night. He said if youre owner of the cowboys i know who he is. Thanks. If youre affiliated with the nfl, you have a win. I think jerry is right. He was very helpful. I talked how i lose on fantasy im disup he said, no, i actually own ezekiel, you play your fantasy, reality. Nice wakeup call from him. I did see you compare oracle to revis island. Yeah, that was that was rough. That may not have been fair to revis because revis is a really good guy. Ive seen profiles of him. Oracles down in the premarket on that miss. Revenue metrics got a lot of attention. Theres Service Revenue growth and overall revenue growth. But at the same time analysts are lap dogs. Safer cats said it was great, Larry Ellison said it was great, so analysts said it was great, revis is supposed to be great. But i think revis and oracle have lost a step, obviously because im looking at the legacy oracle, cloud oracle is doing fabulously and i think people think its going to do like adobe, so i give them credit. But at the same time they kept saying what a great quarter it was. And it was a miss. I was looking for 59, 60, but they are switching to cloud, when that happens there will be more cloud. But revis, you cant do single coverage anymore. That was embarrassing. Wasnt it . They call him toast now. Thats all right. Hes going to be okay. Just needs a little help back there. With Cloud Business the legacy business and legacy revis. So michael and who are they in this cornerback comparison now . Larry ellison of amazon, inferior product, boom, they say we bring up workday several times because were killing workday so we can ask bush ri whether theyre really being killed. They had some accounts. But anyway, it was a very loving call. It was like an amen corner analyst call. It was embarrassed how much they loved the quarter that was a miss. You do point out deutsche keeps their hold. Oh, yeah. Love, love, love, love, love. Suntrust still likes it. Canaccord says its expensive. Its love. The Conference Call was worshipful and it was, you know, it should have been on twitter. They should have broadcast on twitter so people could say isnt this going to take twitter up to 22, twitter can be 24. Maybe Conference Calls are next. But they did their own. They fixed the graph. I mean, obviously the game looked like the game. Yeah. Well talk more oracle, amazon as well, some of these new price targets. Well count down to the opening bell. Well get jims mad dash, take one more look at the premarket. By the way, today in 1929, the s p hit its thenhigh, a high it would not surpass for 25 years. Rca was up like 100, im not kidding. It was on fire. More squawk on the street in a minute. When whirlpool builds an appliance, they put everything they know into it. But once its sold, there usually isnt a way to keep improving that product. Today, whirlpool can analyze iot sensor data from connected appliances on the ibm cloud. So they can continuously learn how customers are using their products. And how the machines respond. Harnessing data to make great products better thats what the ibm cloud is built for. Tempurpedic mattresses is that they contour to your body. Harnessing data to make great products better it keeps us comfortable and asleep at night. vo soft, firm, or hybrid. Our three collections pair up to create the perfect bed for two. Theres more than one tempurpedic. Announcer are your children in the right car seat for their age and size . It may be too late to check when youre on the road. [blaring car horn and skidding] fortunately, youre on the couch. All right. We got seven minutes before we start trading on a friday. Always nice to say that word. You know, big fan of doug mcmillen. Yes, i know that. Of walmart. Heres an upgrade by credit suisse. I love this, not exciting but better than many others basically. Now, walmart has this was a good call, i feel, because walmarts been coming down but numbers are very beatable. Theyre doing a lot of good things in terms of training and keeping employees. Jet. Com obviously is a total wild card. I love this line, management is throwing a lot of money at the problem. Do we know what the problem is . Yes, amazon. Which by the way as again Larry Ellison says amazon vastly inferior to oracle. Yes, web services. Vastly. Incredibly. So anyway, the comp growth key driver stock growth i like the call. Remember, walmart and amazon are back. I mean, amazon never left, but walmarts taking share. If you go back to that incredible Dollar GeneralConference Call, which was quite disappointing. Yeah, you focused on that a lot. You think that was a seminole moment, huh . Watershed. Really . Watershed. What about this moment here . I guess that was a pretty seminole moment, wasnt it . That was squawk box and then mad money and remember that day . Upstairs right here at the nyse. Oh, we forgot to tell you about it was an illadvised decision he made there. It was. But look at the rest of it. Right. And thats because they took the numbers down, david, he took the numbers down to about here. Yeah. And so then we did the numbers here, the stock went here. Right. All right. Youve been onboard for a while now. I have been onboard, because i like him and i like the fact hes feeding the employees in a way that says im keeping you. Im not going to lose you to another chain after weve trained you anymore. And its working. And thats what jim senegal told me would have to happen in particular for walmart to come back. Because theyre losing a huge amount of money on training. And then the best people not to b