Our road map begin with the last trading day of july. Plus the ceos will join us for an interview at 11 00 a. M. The first 30 tesla model 3 customers have their cars. The reviews plus why elon musk says hes in production h efrks ll but first the final trading session of the month major indicies in fact most of these are looking at the second best month of the year i think it just took people by surprise i dont know why it wasnt like it was saying were not doing well i went over that verizon Conference Call again. Did you its like boeing. Were not as bad as you think it lends itself to another story as well which leads to goings on about charter which is this belief that verizon needs to do a deal for content although thats highly unlikely but to your point that quarter was a good one given expectations. You dont want to go too far it wasnt the quarter they had 7 or 10 years ago when they owned the network. Thats why john said to me on twitter thats really good, well terrific because you have 3. 5 times growth i bothered david this weekend thinking this was going to be like the biggest thing ever and didnt realize that it was a nonstarter. It ran so great, i thought we were going to come in here and its just going to be battle royal. Its far from over. It was an interesting statement we got last night from charter itself so softbank now, masa is just very difficult to understand exactly other than he just wants everything potentially. Well doesnt musk want everything theres kind of a want everything component by these people loser take none. Thats true. Well we got charter, sprint, masa to watch and then discovery scripts for nearly 12 billion in cash and stocks. Deal is worth 90 a share compared to the friday close of 86. 91. It was exploring a sale. Stay tuned for a live interview at 11 00 a. M. Eastern time calling it a perfect marriage as theyre now in search of super fans people that are going to tune in not because they like what you have but because theyre obsessed with your brand and your network you need to be dom nanlt in the sliver and be able to charge what you like and i also thought shark week was good except for the phelps thing but everybody still watches shark week are any of your networks important number to be in these overthe top groupings that have been put together and that still renans question in this changing world of distribution when you have these networks will they be must carry as in the old network cbs, nbc, abc but do you need them . Do people want them but by being able to put together these two companies networks the belief is we have very dedicated fans that want to buy a prescription to all of those together as an overthe top bundle not to mention put them in a better position when theyre negotiating with the Cable Companies in terms of distributing them as a whole theyre saying 350 million. A number of people think the number is higher than that and you typically want to low ball those numbers. Thats an interesting move. Its not programming that you have to watch. It is interesting that heres espn dropping year after year and we focus on that and then theres this group of product that just because something had to be watched now we wrote it off and then we dig deep and we see you got these specialized niche group of people that continue to watch this programming. Food, food is big. Yeah but hgtv is the 4th most watched network in prime. People forget the demo might not be right. Demo may not be right the numbers to be the 4th most watched network are nothing like ten years ago. Think about a show like the walking dead on amc which is the single most viewed show of any show, period on television, by far and those numbers are nowhere near what, you know, what we used to be talking about. But that, by the way, begs the question of further consolidation and i didnt mention amc just by chance thats another name that people are going to say is it time for that company to consider it. Its controlled by the dolan family the discussion is always netflix. Netflix comes up with a new series and everybody buzzes about it you dont buzz about scrip approximate scripps di you catch the food network last night . I dont want to spoil it for you. What happens to it i dont want to tell you. Scripps not a moment too soon if it was trading uneffected today it might be down they did miss on their Second Quarter numbers that were released just before the deal and they lowered guidance a bit. It was u. S. Advertising that was weak good day to be printing the deal given that people wont be focused on that. Yeah. Yeah i dont know what it would have been down so thats 63 theres a collar we should point out. Discovery stock prices more fewer shares and the Scripps Family is key here and they give their support and they obviously followed ken lowe that created a lot of follow. Thats the name of the white shark. One of the better. The cuban reef. Yes. Can you believe i still watch this thing yes. Except for the phelps i dont know phelps is going to eat the shark. What is that no that would like horaldo with the safe. People talked about it. They talked about it. He got people going and i think the Labor Day Party is going to be bigger than ever david. It should be a blowout. Theyre going to lever up to do this to a certain extent. Dont forget virksacom they competed here and didnt get here his world shot again. Well talk about charter. Talk about cbs radio. Cbs stock has been fabulous. Theres so much in this group and the group have been kind of like well forget it because programming costs are too high and the viewers are going i wish i were in the group its one of the hottest groups. A lot written over the weekend about the reinvention of mtv although recode has a piece about the average number of tvs per home in 2015 2. 3 versus 2. 6 in 09. So theres more home with say two televisions instead of 3. But on that att call. This is a tv and they keep the point that this is your tv and when youre on the subway which i know youre on constantly its everybodys tv. It is not to mention your desktop computer that most people still have thats your tv ipad is your tv. This is down 15 . Intel has now become rodney dangerfield. Its samsung. The stock has been up lately. Hertz was downgrade today. When we come back, activist investor said to be pushing dow chemical also ahead, davids exclusive with qualcomm ceo as the company battles apple in the legal dispute. Got some calls on facebook and go pro more more squawk on the street for post 9 in a minute hey gary, what are you doing . Oh hey john, im connecting our brains so we can share our amazing trading knowledge. Thats a great idea, but why dont you just go to thinkorswims chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders . I know. Your brain told my brain before you told my face. Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at Td Ameritrade. I enjoy the fresher things in life. Fresh towels. Fresh soaps. And of course, tripadvisors freshest, lowest prices. So if youre anything like me. Youll want to check tripadvisor. We now instantly compare prices from over 200 booking sites. To find you the lowest price. On the hotel you want. Go on, try something fresh. Tripadvisor. The latest reviews. The lowest prices. For years, centurylink has been promising fast internet to small businesses. But for many businesses, its out of reach. Why promise something you cant deliver . Comcast business is different. We deliver superfast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. We do business where you do business. This is what he said about a question about structure from jim on thursday. I dont see three companies coming out of dow dupont i see six. One has to be headed by you. Its ridiculous that you ride into the sunset when we have more than thought. Tell us that this will not be the end. Mostly the portfolio were doing now will determine the best possible answer for shareholders we are committed but well have better answers to that question in the next month or so. What is important is that we execute. The execution you see the past five years and from dupont recently well keep that going thats job 1, 2, and 3 of course we have 30 billion of new value coming out of these and two i aint done by a long shot mr. Cramer so i have lots of opportunities in front of me and im looking forward to being one of those creating this ahazing new company and its intended spins for now i dont get that. I think the case, you take a look at dows report theres six divisions that report. Then look at what dupont has they can do nutrition and food and nutrition, performance and i think he certainly has every intention over time to split the Companies Like he did tyco its timing. It makes too much sense. Dont underestimate the frustration on the part of large shareholders. I had larry robins on with us a few weeks back talking about the fact that they feel as though its time for this company to move on without him. Right. And make good on the commitments he did when they announced the deal to stand aside. Hes a very behind the scenes guy. Hes brilliant and a very regular guy. When you listen to him you realize, if you think theres more value were going to bring out more value he has never stood in the way of value. Hes always been in the forefront of value i think its very jarring to split into Six Companies this mannos how to create balance more than anyone look at tyco one of the great value creators. He didnt say we need six ceos and six structures he is a practical guy. I think the activists are saying i want you to have six different headquaters and hes like give me a break youre lucky were doing three right now. Give me some time. Im actually surprised but he is going to shock them. He has much more value hes really an awesome operator. A lot of people felt he should come into ge maybe theyre more oriented. I talked to him quite regularly. Creating more value than i ever dreamed. Wait until you see what we do with probiotics. This time divide it into ten companies. Give him a chance . Is there anything hes ever done wrong . Every Company Wants him as ceo im getting tired of the activists. That is a full throated defense. He is amazing. I got another one i got these guys dont know how to create value like breen they should say were so delighted youre there honestly, honestly. This is like i they know nothing moment named at activists. Im tired of activists. Breen is the guy. They love breen and should show love to breen if you dont like him just state it state it he knows how to divide companies. Im ashamed. Ashamed that the activists are focused on the one guy many america trying to bring out more value than anyone. Why dont they go after a crummy company. I think they do that too. Not as often. Protect your down side thats the way to do it. What is that . Now youre going to support the activist well get the mad dash and countdown to the opening bell. Were back in a moment music plays throughout all right were going to talk a little ulta the ceo says we were surprised with the softness in the mass market like i think everyone else this is from last friday so downgrades ulta buy to hold now. Its a little late this was an amazing call because no one knew about the softness in the mass market until he says it i was very surprised. What is it a result of . They didnt know. Theyre the number one partner of ultimately at a. When you hear them saying were not sure but theres a lot of price competition and were challenging backdrop the stores like macys were trying to generate the price come down but the thing thats shocking is this motion when youre on a call saying we all know its horrible when we all thought it was good. So the Conference Call is the one you want to listen to. Thats what is driving ultimately at a. Number one partners they pointed out. It wasnt like they were trying to separate from ultimately at a. They were hanging on though. So what the hell is going on. Its a very interesting and very down beat Conference Call especially because theyre not seeing it. Theyre not seeing the same weakness. Theyre not mass market higher end higher calling but he is a genius a lot in china too. Hong kong, fantastic. Brazil i have a house in italy i sound like an american hes italian. The opening bell is about six minutes well, four minutes away also going to try to make sense of china, sprint, soft bank and so many others and other news involving soft bank at ithll bring you after this. More breaking news. A little bit. I cant contain myself. Whats going on here . Um. Im babysitting. Thatll be 50 bucks. You said 30. Yeah, well it was 30 before my fees, like the pizzaordering fee and the dogsitting fee. And the rummage through your closet fee. Are those my heels . Yeah yeah, were the same size. In shoes. With tmobile taxes and fees are already included, so you get four lines of unlimited for just 40 bucks each. For a limited time save 300 dollars on the amazing iphone 7. Live from the Financial Capital of the world the opening bell in a minute another busy week as we watch a new round of earnings coming in. Its the last trading day of the month. General john kelly is taking the oath as the new white house chief of staff right about now and a lot of chatter and the hill tries to pivot. And i know it seems on all parts of government controlled by the republicans but it is a concern because its in disarray. Now the president tweets today no disarray. Thats interesting its not necessarily in sync with what others are thinking though i dont see that happening the s p at the bottom of your screen celebrating a recent ipo expands united. Org a Sports Center not for profit start up speaking of oil, its about 50 intraday for the First Time Since may. Venezuela, a bunch of other things chevron had a good quarter. That quarter of chevron was actually much better than exxon. Chevron is growth. They came into the gulf of mexico and they did a lot of stuff. They drilled theyre a very Successful Company they are really the stand out major. What a terrific job they did. Thats setting the tone for what is going to be descent. Most people thought bad oil earnings season. Decent oil earnings season kind of surprising given the decline. If theres a slowing in the u. S. That is going to be psychologically far more important. We are only 8 of the world. Theres not enough pipe coming out. Even though its got the old system we dont have enough. The United States is not going to be you as much as people thought which is leading oil to go higher. I dont know whats going to happen in venezuela. We have to wait for tweets. Its been difficult its a very important market. New record high for the dow as we are now about 160 points dow components today people come and talk to me about demarco all the time i dont have any bulls ever come up no. People are always concerned. Always concerned. Its almost like what are you doing not telling everyone to sell i dont know. What am i supposed to do put out a tweet . Its like, honestly what is it with you its like the best stock there is people theres a downgrade today in the semis i thought the intel Conference Call was good. I think autonomous driving for real i cannot believe when you talk to people of some means theyre like you are whistling past every single graveyard its like i never do anything except whistle past a graveyard. Im whistling while i work. We talked about this many times. An underlying theme of what i discussed which is theres general concern about the overall world. And our government and things that arent happening that people had hoped for and that seems to manifest itself and why isnt the market responding and then we come back to the four walls of earnings. In the end its like people were surprised by the potty mouth. Yeah. General kelly and scaramucci, that could be interesting. If you take a look at overall, its up 54 this year approaching 60 bucks of course yahoo s core business shares of alibaba up 80 . 80 . And its a lot of cash. Its also stake in yahoo japan that is owned by soft bank remember the Company Already did a 64. 5 million buy back under a dutch auction about 3. 4 billion way back in june he actually knows his way around these Balance Sheets the key is is there a tax efficient way to close the gap with what the ownership of alibaba is worth and can they figure out a way to monetize it and close that gap i dont know the answer. Thats the best one having a great opportunity there. Wow. To be sold today. Another 800 million shares by the end of august. Stock was down 2 in the premarket. Thats a lot of stuff unconvention unconventional. Blue apron is up. Claug its way back to 7 theres a lot of companies lawing their way theres a bunch of downgrades today which is noted coach and city and some others but earnings coming on thursday by the way. They argue that the stock already reflects the challenges and quad copters they have gotten some things correct in terms of their echo system maybe you make 50 cents here all right shares of discovery are getting hit down a little over 4 . Thats not exactly what youd like obviously you want to start off on a positive foot with the stock responding positively to the deal its a very large deal for discovery. Certainly a defining deal for the company. They will lever up for this but their ability to produce cash flow and delever seems certain. Synergy is 350 million already to a certain extent adjusted to the expectations that the deal would be 90 at least. That was my reporting actually it was 90 exactly. 70 30 cash split the overall value is coming down a little bit other areas are cool financials are cool. There has to be a drug deal so many of these Major Drug Companies that reported so far, no growth. No growth. I just think that theres got to be one day that you got to be working in that sector there has to be one. Theres just too much sluggishness and the biotechs have done quite well thats something that you should focus on. Id like to be ahead of these things. I know you do as do i. Unfortunately i fail at that Parent Company of everything. Just watching things. Well should we do a report now . We want to do a little faber report can do that . Faber gives it to you ahead of time and youre a great actor. We make sure not to discuss things so we can be real in the moment. Lets see in the moment on charter. Lets start off there. It was up 7 at the open still up 5. 52 thats a big move for charter. Of course this on news late friday first we got it from