Gain for the Third Straight session yesterday. The s p 500 closing up for the on seventh day in a row and also worth noting today, the new york fed president William Dudley will be speaking in paris a little later this morning. The topic, on the reform of overthe counter derivatives. And the fkk will be meeting at the exchange eggs on the introduction of trading at the nasdaq all the way whack on august 22nd. So its about time we see some of this. Were going preview that with harvey pitt and ron guffner. Thats coming up in the next hour. Joe. Thanks, becky. Something is different about something is different. The pitter patter of little feet. I hear the pitter patter of little feet. Someone was out late at the diblasio victory party. And what a party it was. It was unbelievable . It was a late night. Are you hung . Hung over . A little bit. I thought he was sleeping. Not his it was a long evening. He was on top of the world. We celebrated. My voice is a little you know. From cheering. Right. A lot of cheering. Becky did your headline. And the i want to thank becky. These are your headlines, andrews headlines right here. And i look so naturally beautiful. You dont need makeup. But you got your haircut. Normally youd take any gel. Anyway, its good that youre here. Was there a wreck on the no. They decided to put cones up and literally stop an entire bridge. For repair work or something . For fun. Good time to do it. They literally morning rush hour. It was like a parking lot. I have said in the past that having a bridge between where you live and where you work on the east coast where theres weather and stuff is not a great idea. I know. And you came back and said chinese food in the city is so good, you cant and there are trees if you look hard enough with your kids. The largest park in the world known as central park. Thanks, becky. Shareholders will vote on michael dells proposed buyout of the country in partnership with silver lake. Dell is looking to acquire the company for 13. 75 a share. Thats in cash and activist carl ica icahn. In an interview on closing bell yesterday, wapner must have been ooh, it just infuriated him. He moved his attention to apple. Quite a bit today in the 465, 466, 467 range. Thats not to say it wont go over lower. You know, i mean, i dont really look at it from daytoday. We dont try to fix what the market is going to do. But i think think the products are pretty good and theyre going to get a lot of business from china. Shares of apple and were going to talk about this a little bit this morning. Do you if icahn says its cheap, is there isnt he a pretty good person, probably, to listen to . Or is anyone ever better than 60 . I mean, he had some things that but we decided his gut is right. I think you go with it. But is his gut right . In this situation, i think you do go with him. The stocks come down based ott idea the market was disappointed that they didnt get that China Telecom deal, which you think theyre going to get at some point. I think the neighbor started to say it. But hes waiting for all the analysts to say the same thing, that the stock is still cheap and blah, blah, blah, and they all did say the same thing. Did anyone else actually cramer told us the same thing, he wouldnt bet against it been even though he was note catch the closest firm. Im anxious to wooch this. But what if they really in your view, and im not saying you dont like tim cook or meg whitman, but yesterday, i could read between the lines and you were wondering whether hes got well, the problem being, i think theres a disconnect at apple. Theres a product issue and the consumer issue and how much the consumer loves them. Oddly enough, then theres the stock issue. The stock issue i would argue is that it is so disconnected from whats going on on the cycle. The question is lower than it should be on the stock is sdountding the ablth of that company to keep innovating with really new what the guy the other day said, where its a market that you didnt even know you needed a thousand songs in your on the you didnt know you needed that until apple told you you needed it and everybody needed it. The ability to come up with another product like that and instead of an addon. I had an interesting thing on npr where they talked about the evolution of the pocket watch. First you needed it in your pocket and then you needed it on your brift. It went back to that idea of whether you can take it to the other level. But maybe you get enough information and small enough that, yes, people would be llg to tear that. Weve all why do we believe that apple is capable of doing what nobody else is capable of doing . Because theyve done it before. It used to be that steve jobs would give you some elegant thing that says, wow, look how that works. Theres no mouse or i dont know. You touch things. Did you see crooks are going to be filing their mute lating their fingertips to get through . Anyway, in news, the wall street journal reports that private equity firms kkr and Sycamore Partners are considering a joint bid for jones group. Have you got any of that, electricky . No, not on today. They own nine west and joans new york and a number of other players are said to be considering offers for parts of the company. And new numbers show that fewer homes entered the foreclosure process last month. Realty track reports the number of homes dropped 8 from july, back up that number is down 44 . From last august. Weve got a few other stocks to watch this morning, include pandora which includes Brian Mcandrews as its new chairman and ceo. Pandora said theyre looking for someone with a background in technology and advertising. That is the main source of revenue for pandora. Qualcomms board has approved a stock purchase program. Shares of mens warehouse got any of that, joe . You know who to talk to about that. Who . I dont own any of that. No, i dont, either. Well, the guy down at the new york stock exchange. Hes going to like the way he looks. Apparently, a time of people dont have it in their closet at this time because that company was hit hard after the company cut its retail outlook. The company said it is concerned about the trends in the are a payroll industry. Vera bradley posted better who . Vera bradley. The girls love these bags. Who is that . Shes a designer with lots of flowery stuff all over the bags. I thought that was lily. Lily, but vera bradley weve heard of vera bradley in hour household. Betterthanexpected earnings after the close. That stock was down in the after hours, as well. Back to the situation in syria, its not enough just to clean our clocks. Its dangerous for a country to feel that its exceptional. Youre going to hate me for saying this. I read that oped. I said its unusual for the times to print something from someone who is thought of such as a conservative. I admit its a i happened to read that oped and thought it was remarkably reasonable. Im sure. Im sure. You read you know, you read lennons teachings and think its pretty reasonable, dont you . I have to say, he made some incredibly potent arguments. Vladimir putin, taking his case for syria directly to the American People. Ooh, that makes me feel sort of played. He wrote an article saying here is how i got this. Putin warns that a potential strike by the United States in syria could unleash a new wave of terrorism, increase violence and further destabilize the middle east and north after ka. He writes in part, in his words, that no one wants the United Nations to suffer the fate of the league of nations, which collapsed because it lacked real leverage. The United Nations doesnt already lack he made a cogent argument. And i hate saying this or admitting this. That hes backing the tyrants and syria and iran at this point. He points out that the rebels have wait, he gets into the idea on of saying, look, these chemicals not him. Im not giving that any validation. Hes trying to appeal directly to the American Public because he knows the person public is not to the strikes. So you believe taft and pravda . No, but ill read you a sentence. He writes the potential strike by the u. S. Against syria despite opposition in many countries and major leaders and including the pope may i thought that was an interesting sentence. But he knows exactly how to say these things. Hes saying two things, innocent victims, which will happen by a default, and then he says an escalation, which is a threat. He makes the argument against american exceptionalism and his last line about is about how we pray and people can relate to, but he moves that over because many people dont like it. I would think if i were there, i would not leave with trying to arrive here at i would try and arrive at maybe a quarter till in case there were cones on the bridge. Thats what i would do. O i cod look at the show and see what was in whether i needed to prepaver anything, instead of arrivin for makeup, o to i may have recalculate. Okay. Just a thought. Just a thought. Y almost got just, you know, i almost literally got out of the car. To walk . No. To go to the there was a cop. Obviously, cops no, stay in your car. Im Andrew Ross Sorkin. I need a Police Escort to cnbc. I can see you doing that. You have no idea how important my job is. Did you try to do that . No. Officer i mean, a pregnant woman you are not. I could have pretended to be. Youre right. Right. Lets check on the markets this morning. The dow was up yesterday for triple digits for the Third Session in a row. The s p has finished higher for seven sessions in a hoe. There are red arrows this morning, but youre not talking about major declines. S p futures indicated down by just over two points. If you take a look at oil prices, again, oil has been clearly driven higher by syria. The tenyear note at this point is yielding 2. 89 . So you can take a look at whats happening with the dollar this morning and youre going to see at this point its stronger against the euro, 1. 3292. Dollar is down against the yen, which is back below 100 at 99. 33. And gold prices, which have come down quite a bit as the vacation in syria looks to be put on the back burner for a moment, down another 20 to 1,343 an ounce. Do you think the main russian outlet would be allowed to publish a that was one thing i was curious about what your view though would be. If putin called up, when have you not published the oped . We are exceptional here. Do you think you could publish that in china . Do you see what putin shut down . Even pictures or anything else thats gone on. Thats what i mean. I dont want to get an umbrella stuck up my [ expletive ] with ricin on it. The thing is, he had to rub it in. Its not enough to step into the middle of a situation and offer a solution and take the glory for that. To then come in and rub it in to say that beer the bad guys once again. What happened . They have no you know, if youre a president over there, didnt he serve his time, that poor puppet that he had. Like it was mohoney with putin and then he comes back. Im going to shut up. Im in trouble. Why are you in trouble . Because im afraid of him. Thats like when bob kraft was here and you outed him. Right now, it is time for the Global Markets report. Ross westgate is standing by in london. Ross, good morning. Morning, becky. I think joe is safe for now. Its okay. We are 73, declineser outpacing advancers. And its about the lows of the session for the ftse. The ftse yesterday was up around 4 points by the close. Despise those gains, not much moment momentum. The cac 40 down sh 4 . The ftse mib down 0. 7 , as well. Talking about italy, borrowing costs jumping to the highs of 2012 for threeyear paper that was auctioned this morning. Yields jumping out from 2. 33 a couple of months ago to 2. 72 this morning. Theres still a lot of Political Uncertainty this in italy. The senate here, and ive talked all week about whether mr. Berlusconi could reconseen. So italian yields are here. We good see gilt yields up over on highs of the year. Weve had the bank of england governor, mark carney and other members of the committee giving testimony today to the british harlment. Mr. Carney said he expected the yield curve would steepen with his forward guidance. He said the most important rate is the bank of England Bank Base Rate which a lot of mortgages are priced off rather than corporate rates today. But they say that if the Unemployment Rate did dip to 7 , they would assess why it was knocked out. But he also says that the market ves a more optimistic view of whats happening with the jobless situation than he does. So hes just trying to be a little bit more dovish at the moment. Back to you. Thank you for that, ross westgate. Im juris if they thats what happens, with umbrella, isnt it . What is the view. Are they afraid . Yeah. I suspect theyre more in line with what hes saying thinking. You know who is not afraid . Who is that . James bond. He takes on the kgb all the time. Afraid of what, andrew . Afraid of an umbrella tipped with ricin stuck into your leg because you go ahead. I think that was originally the bulgarians, wasnt it . Why did it happen . It happened in london. Just have someone start your car and eat your lunch today, ross. Ross, i dont know if you read the oped, but it is interesting to think about how the americas are considered by other countries. Is that the weight, that were bullies. No. He was backing a call for action in syria which he lost. And that was clearly politically a badly played episode, which was then which then resulted in john kerry coming out and saying, you know, all great allies, the french, it was an interesting place to be. The last time the french in the u. S. Had a joint operation was probably battle offer do you know. I dont know if you remember that, joe, but that was a while ago. I do remember it, ross. Well, the siege of yorktown. Im forgetting my history. I think i would have got a little more support from sean connery on this. Im disappointed. The other bond . Yeah, the other bond. The cold war, i think watching this i dont like getting mad at russia gn. And the cold war, it warmed up and now i think this is going to help make it get cold again. Hes stick right in the bottom line want syria had a lot of yushan weapons. I think more just the idea of him running it in means it is more likely you reach an agreement with syria on the diplomatic effect. The difficult is setting an agenda. If you look at this current admin administration, thats not going to please you. Ross westgate from london, were going to go to the other side of this country to california to talk tech news. Two of the industrys most prominent ceos spoke out last night. Facebooks Mark Zuckerberg and yahoo s marissa mayer. Julia, lets start with you. Good morning, andrew. At the q a, Mark Zuckerberg was post and confident. He was even upbeat about facebook a facebooks disastrous ipo when asked to give advice on the next big ipo, twitter. Im kind of the person you would want to last ask how to make a smooth ipo. But, you know, sirusly i think i was too afraid of going public and i think, you know, ive been very outspoken about saying private for as long as possible. I dont think its that necessary to do that. You know, you just have to stay focused on doing the right stuff and, you know, sometimes it might take the market a little while to catch up. When it comes to the nsa scandal, facebook has sued for authorities to reveal information about the National Security orders it received. Zuckerberg does not mince words, saying he thinks what the government did was wrong. Frankly, i think that the government blew it on dmukting wh communicating basically the balance of what they were going for. The morning after it started breaking, there was a kump of people asking him what they thought. And the governments response was, oh, dont worry, were not really spying on any americans. Oh, great, thats helpful. Coming up on the next hour, well have zuckerbergs thoughts on who should be the next ceo of microsoft. Jon, over to you for the take on Marissa Mayers comments. Julia, you never know what to expect on they go votes. Here photo, she remains in a city code. Once the interview got going, she talked about her management style, including a tendency to micromanage. Take a listen. I probably should be making fewer decisions and what time i try and identify what those Big Decisions are and i dont think ive missed any yet, you do think that its hard to say, okay, what are the really Big Decisions that need to be made absolutely correctly. And aaron pressed her on yahoo s battles with the federal government on secrecy. Listen. In 2007, yahoo filed a lawsuit in against the new the patriot act parts of person advisa. A lot of people wondered about that case and who it was. You lost . We lost. Not you, you werent there yet. Right. But when you lose, the way you lose, we fought, we lost, if you dont comply, its treason. She mentioned that treason can get you prison time. She also had more to say about microsofts future comparing life to google and yahoo and yahoo s monthly visit erts being up to 8 million. Not a ton of kwevens about revenue to her, guys. You mentioned two words. You didnt mention revenue and that is the big issue and the other piece is the relationship with microsoft. About tumblr, interesting on microsoft, she was making the case that its strengths are in the enterprise. I wonder if that was a fray towards getting microsoft to spin off some of its Online Properties to yahoo . We saw in that Business Insider piece a couple weeks ago that mayers predecessor wanted yahoo to spin off online. Shes making a play in the right direction for the future. Facebook is still happening right now. But youre not hearing about some kind of new products or some any things thats coming next. It just seems to be happening because the revenue is coming along with it. The money is coming, yeah. But from an excitement standpoint, was there anything he brought to the table . There was no new announcements. Last year when he took the stage, it was the first time he ever talked about the potential for grab search, but theres a huge potential money marriage for facebook. I was disappointed that efs wasnt asked to give his opinions. But there was no new announcements yesterday. I think he was talking about delivering on the things i had promised a year ago. Jon, jul