European markets you asked we answered. Theyre a mixed bag with the ftse up ever so slightly this morning. The ten year note yield did move around on friday and we do have it now at 227. Right around the same levels it cant get through it. Too much future selling and boy did that group collapse. It did. Lets talk more about that and other things including our road map which is going to start with stocks seeking new records. The dow is on track for its 10th straight at aly gain and plus, paging inspector gadget. Apple nearing the release of a new watch version which can make calls directly. Right. There you go soft bank ceo providing speculation about a sprinttmobile deal continued speculation about a charter deal well try to wrap all of that up and add some insight and new stuff. Well see. The s p 500 one point away from the record closing high. The nasdaq is in the middle of a two week losing streak. Amazing. It is. March of 2,000 is what people keep saying. The difference is cash positions, multiples, shrinking multiples in nasdaq. Expanding multiples and the big dow names and each week theres one thats new and the week after another large cap name, 3m. It keeps going rotation within the caps at the same time shrinking multiples. Its very hard and then came back to the Capital Equipment companies. Were seeing a rotation out of everything other than apple and arguably facebook. Alphabet which my Charitable Trust owns was not liked no it was not as well received as many others. It was unstabilizing where as whats going up when amazon stable oozed down . Walmart not predicting it but talking about how difficult it is right now how its been a loser and we know that and quoting fang something you created at least. You have to do your thing. But thats been the way to go for a long time now and these pull backs have been just that very brief very brief pull backs and growth in the underlying earnings, top lying revenue and the stock price continues. Right i think its hard to value a facebook if youre looking at it i speak to a lot of people about stock when im on these weekends no one can justify the value of facebook except for you and me because were looking at gap earnings gap. Now people dont ever seem to understand gap its a really good piece about paypal but book is gap but you have to compare it. Its hard even comparisons across the board to companies. So many adjusted ones in so many ways. Stock compensation. You mention twitter because that was always a big knock against the company when it was for sale almost a year ago at this point heres what it would look like if we gave these people crash. And make a judgment. But the people that are really rigorous of which facebook i think is the most rigorous at all want to show you how profitable they are. Microsoft does it too. Microsoft does it too, yes. By the way, that microsoft quarter was fabulous but the very reserved forecast kept that stock under a cloud. Youre still largely positive. Very positive. Why because david one thing that has come out from thernings period is the adoption of the cloud as the fastest trend in the world of all the trends i follow second by the way is aerospace aerospace. Undervalued by the market and were going to talk about that because the Aerospace Companies have greater growth in almost every part of technology except for the crowd Cloud Adoption is extraordinary. Its going faster and faster and every time i think someone says Amazon Web Services is going to lose, look at their growth. Soefsh wins its one of those situations where everybody wins. Sales force wins . Well, sales force is alive. Oracle wins. Oracle, i think oracle will understand. We talk cloud were really talking that. Got Resource Planning they dont even need to compete in the cloud they have good cloud presence but Amazon Web Services is run agoway with it i question how strong googles is we dont he know its growing well. However diane green that runs the business and the claims that they will be as big as five years a number of times it seems hard to imagine. Amazon web services is so powerful its really the place to be. After the sell off. Youre including boeing in that. Boeing is so much more richly valued than united tech. Im afraid i dont have much to offer although bankers have been hired on both sides so theres an indication that there is something going on here i think it was bloomberg on friday that reported interest from utx although no talks in that initial report. The rumor had been around earlier last week but the question was they just finished the bea deal and utx could have had a shot because people werent happy with that deal. No, they werent. They could have had a shot with rockwell back then and didnt go for it i dont have any insight other than it does appear that again at least the advisers that typically get hired in these things doesnt mean that anything is going to happen have been hired. I think they should pay 140 bow as good a big power grab because it was at 15 times earnings on friday united technology, 18, boeing 23 boeing needs to be reckoned with you cant go into boeing and say we have some great ones, you have to say we own it. And you have to deal with us in more than just the way you would deal with the other partners there was a Great American that put together and got rid of a lot of great stuff for time warner and when he was ready to rant fox tries to get it right now theyre finally where they have to be. This ceo, if this company is taken from him, its good. Really . Yeah. Hopefully well have more actual reporting on it for you. Versus what give people Building Blocks you still manage to use your voice you were on vacation. No, because i spoke to the eagles i had my video here. This is me speaking to the eagles but i guess we should take it after the commercial break. Were going to show that after. I can see it here but nobody else can its very exciting. We have a report this morning saying the company is going to release a version of the apple watch later this year that will make calls on cell lurks rarks networks need to be connected to an iphone to have that capability hes been wearing this for years now. I didnt plug it in last night. Whats going on with your hands . I dropped something in between the seat of the car. All of my skin was gone. I got up at 2 30 i didnt give it time. I didnt give it any time. I have not been particularly positive on the watch. And then basically you never saw it again you have it. Its a black hole on your wrist but when and if it can make calls do you think thats a game changer . Of course. Of course because i can just very quickly give you a call. Absolutely. Get smart. This is a lot for me if i never take it off when i do my all nighters its not like i wake up and its charged because i dont wake up. What am i supposed to do how do you do it with my schedule with a two hour, one hour sleep night thats the big draw back that i dont believe is healthy. Even for you even for you. You told me i was getting younger. Yeah if you dont sleep at all, that doesnt work im a three day sleep, 4th day no sleep. I get much more out of life. I sleep all day for three days hopefully well get to charter, soft bank, tmobile as well two separate Conference Calls. Heres another look at futures as we get closer to the opening bell this morning. We have a lot more squawk on the street coming after this you are loved at the lexus golden opportunity tesales event before it ends. Choose from the is turbo, es 350 or nx turbo for 299 a month for 36 months if you lease now. Experience amazing at your lexus dealer. 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. Tesla announcing plans to raise 1. 5 million in debt thats going to help scale up its model 3 production and sure up its Balance Sheet. Elon musk said the auto maker was considering a Debt Offering but not considering offering more shares to raise money that would be known as an Equity Offering it is lowering the price of its model x suv by 3,000. This will be 79,500. It notes improved profit margins. Thats going to help with the Debt Offerings this is a company that lives and dies in the Capital Markets. The ability to sustain itself given its not making money is a key. But people believe and will keep doing that. As long as they give him money the stock will go higher. As long as he keeps the dream alive and the Capital Markets cooperate. They have chosen to debt markets recently more often than the equity markets. He singled this in that bizarre Conference Call last week i want to back up on that. It was right after the journalist saw the model 3 and the journalist fell in love with it so as long as the car is great the money will keep coming if the car were not as great as another car it might matter but the other guys have not produced we say many times elon musk is unbelievable theres nobody like him. Maybe besos is better than him in certain ways aid love to see him go head to head. Mayweather and mcgregor. I was thinking more like the rumble in the jungle. Id like to see them both put on their space suits they can put those on and go at it. Were smarter than we are a lot of people keep talking about what is going to happen to whole foods. When amazon takes control thats a real possibility whole foods, they were going to go growth and then decided to not grow as much because the profit mar jins but i dont see that. It completes the acquisition and thats the amazon way. What do we do just sit back and wait and everybody assumes. Reporting. Real reporting on which i did a whole documentary and got nothing from the company come on. Look at costco. They reported again a better than expected Monthly Sales number nobody cares because its food and everyone just says food is a battleground and either walmart or amazon is going to win but they both could win. Thats interesting. What do you do . What about the providers of things that go on the shows . You were here friday. I dont want to be i dont want to be there walmart is doing private label. Theyre the only guy walmart is doing private label i think walmart is telling you to get off the Amazon Web Services too. They are. Theyre playing hard ball but walmart is not going to let these companies go over that that was a key its not about frenchs mustard. Its about franks hot sauce. Its the number one hot sauce and millennials love it. Why do millennials love hot sauce . I dont know. Why. It doesnt have any calories. Its the Fastest Growing aisle they may have paid a half billion more than anybody else if not more. True but they have a plan a man, a plan, a canal panama. Panama, got it. Up next well see what he has in the store. Take another look at futures this morning were headed for a higher open d me ls rere squawk on street ani anotmo straight ahead. The governor has declared a Winter Weather emergency. Extreme risk of burst pipes and water damage. Soon, Insurance Companies wont pay for damages. That is, not if they can help prevent damages from happening in the first place. At cognizant, were turning the industry known for processing claims into one focused on prevention with predictive analytics, helping them proactively protect the things that matter most. Get ready, because were helping leading companies see it and see it throughwith digital. 6. 5 minutes. Not even 6 minutes before we get to an opening bell there are things that you say on air that make people money and you throw them away like kernels. I pick them up and develop them into popcorn nxpi you said and they may not be, and im talking about qualcomm may not be able to get this. Elliott owns a big position in xp this is now over the 110 price. Well over. We kept talking about all the 110 calls. Do you know that index funds tend not to tender with f the stock price is above the offer they have to pay more. Morgan stanley raises price target what do they say . Share holders of the other upper hand. Based on conversation with large holders that expected just this and maintained. Air argue is its based on what they get its the key for qualcomm. I asked the ceo about it he is more or less deferred on it as he should. What is he supposed to say you have to wait. We have to wait, jim. You never know he face peemd down my Charitable Trust im telling people dont tender. Go with elliott. Electrical bot owes the way around these things. Its a Dutch Company too we have the opening bell in a few minutes. Were going to go for a lot of stocks you should be watching including comments from softbank because they continue to talk deal somehow for someone a deal. Stay with me, mr. Parker. When a critical patient is far from the hospital, the hospital must come to the patient. Stay with me, mr. Parker. The at t network is helping First Responders connect with medical teams in near real time. Stay with me, mr. Parker. Saving time when it matters most. Stay with me, mrs. Parker. Thats the power of and. Chances are, the last time yoyou got robbed. An, i know i got a loan 20 years ago, and i got robbed. Thats why i started lendingtree the only place you can compare up to 5 real offers side by side, for free. Its like shopping for hotels online, but our average customer can save twenty thousand dollars. At lendingtree, you know youre getting the best deal. So take the power back and come to lendingtree. Com, because at lendingtree when banks compete, you win. Opening bell is going to ring didnt get your take on the employment number from friday. Of course. Look, that sweet spot right now, optionalty. Thats all i ever want the fed have optionalty to do what they want yellen is so smart i trust her. I trust her. Theyre loud enough that i cant hear you right now there it is. Theres the opening number day two here at the big board making all the noise provided with water for the oil and gas industry and itsthe way to avoid environmental problems but its a comply katd issue. Our president is not really focused on the possibility. No. Over at the nasdaq was brighthouse financial. Provider of Life Insurance and annuity products that did complete its separation from metlife. Metlife is 60 40. I love the International Stocks start to open across the board. Not much to tell you about a little bit of a bid in technology after a few bad days. Yeah. You always have to watch it. There is a move, an understanding of both opt car length could be in little problems i dont think so its a switch from 40 to 100 for cloud. And this auto business is just on anything it touches anything but its gaining. Lets take a little time to talk oil. Really . Yeah, really. Whats your take i feel as though you try to be more positive. Heres what happens pioneer that is the company that did a series of Equity Offerings stock collapsed. It collapsed and eoc that had a fantastic quarter, stock got hammered its always good to stop for a minute and explain. Its the lowest cost all in but there was a sense that if it produced too much would send the price of oil down. So there was kind of too much oil goes down. If they dont produce enough they dont make enough money whats happened is wall street will no longer fund these companies so they cant spend beyond their cash flow now eog is a conservative company but it doesnt matter. People just feel like its packed i dont agree. The problem not enough pipe. Initially everyone said hey listen its from 1940s theres pipe, pipe, pipe theres been so much oil found and natural gas that its overwhelmed the infrastructure and in the meantime oil cant get above 50 because as soon as it gets to 49 or 50 all the companies have to sell in the futures market to be able to fund their drilling. So the price of oil on the futures market, 50 no appreciation its going to be mediocre for years. Its the eogs and pioneers of the world. Costs have come down considerably over the last three years. Theyre 20 bucks. Pioneer is the one. Why isnt that a good thing it should be but the Drilling Service companies are starting to raise their rates they are . Yes its going to squeeze margins. A couple of counts in north dakota thats it. Right talked a lot about that only in part of oklahoma so its a half full, half empty and i think that the half empty crowd is in charge now plus theres this overhang of antifossil fuel no matter what even though 80 of the world these stocks are becoming coal and at a back coe like when it comes to the holders and there was a hedge fund that closed i struggle to find upside right now. The longer term picture interesting as well. Now that is the really longterm which is electric car and or the automated car. So the Autonomous Vehicle sleets of which could be roaming our streets within who knows, depends who you talk to, but theyll be very efficient. And theyre going to run all the time nobody is then going to be buying a car and having to have it filled up in the garage. The demand for oil, the demand for oil is going to plummet. Now theyre going to be buying all the oil. So tesla has done the convertible buying say they do it again and again theres more pressure on the fossil fuel stocks because people will be saying thats a longterm short and its right in our faces. Theyre not going to have their focuses on electric as of volvo so thats right. What is going to happen david is the group is trapped and you need to have a major event because opec is no longer a factor opec cant get it together so i got into the saudi deal and theyre caught. One said theyre buying them and another said theyre buying charter. Who knows if theyre buying anybody. This is the on going saga involving masason. One of the truly unique individuals in the world of business now that started softbank and the vision fund that we talked about that started to make investments at 100 billion thats separate from softbank. Softbank bought armed holdings they own 80 of spr