It is announcing that it sold the last 70 million shares that it announced a couple of weeks ago. Finally with all said and done would recoup about 431 billion of the 421. That is about a 10 billion dollar gain on all other things out there. So i guess bringing history to an end here where treasury will leave or exit the General Motors once the biggest auto maker in america. Certainly one of the biggest. Certainly profitable as they point out, talking about 340,000 new auto jobs created for gm. Thank you, steve. Be careful. The stock that is not much of an overhang. A lot of people knew this. Going for the job saying this is happening. Those are taking it. You wont see it last a day unless the futures go up. Gm doing better in europe and china. It is a good story. Ford not going up since the the stock shouldnt be up at all. Along with that a lot of retail numbers. Shares of target are down sharply. Discount retailer posting results below estimates siting delusion relating to the canadian segment where Gross Margins 13. 8 versus 30 . It is the comp stores. 9 . Costco is. 56. There is the halo. People want to give target the benefit of the doubt. You keep thinking this is going to be the breakout. The idea that we are going to wake up and target is going to be the same old target is not happening. It is a decent story, not a great story. I see no reason to buy or sell. You are neutral. When you have outfits like costco and Williams Sonoma i question why i have to own the stock. My travel i thought lowes was terrible. Expectations are always high for target which is why the stock fl fluctuates. I cant think of a worse business. This is second biggest retailer after walmart. The number of retailers have that been wins going into the holidays, macys and depot. I give target. Williams sonoma is really fabulous. They have terrific. They seem to have the right price point. You consider target a win going into the holidays . Williams sonoma a win. Tjx a win. Inventory at target up 9 . We are going into the season with a lot of clothes on the racks. Versus macys. A lot of people continue to under estimate. Im tired of them being under estimated. When do we recognize they are not as good as they used to be . Are we afraid . Do we like shopping there so much that we cant see it is not a great retailer . I am not sure what marks the point where you go from being great to not great. I think when you have Comp Store Sales of. 9 . What are you failing to do in terms of execution that you were doing previously . I think there was an excitement to target. I used to find it was the segment i get a five below where it is the merchandising. It is a recreational equipment. A little excitement and retail. That concept is it is cold weather a garb. You could have fooled me. That hamburger place. How about look at starbucks. They are doing plus seven. How about abercrombie. We are down 14. 69yearold man trying to be a 23yearold youth doesnt like people who are uncool. Maybe there are not as many cool people as we thought. When you have the erosion he is talking about that means there are not as many cool people to pay for yourself. There are versions as someone who is a 58yearold man. I went by the stores the other day and i find them pornographic. The pornography look is not selling. Some have shown managers nibbling at the levels. Maybe they are 13 year old managers. I think there is a core value of anything that can be destroyed. Retail is a very funny game. You can miss a couple of quarters it is okay. You miss a couple of years and you are nowhere. You see guys where they see jeep. Not because of experatize or retail. It is a different beast. We have seen that. Difficult once you chase your customer away. I brought a lunch bag every day to school. Its called a its one of his best customers. He has 10,000. They were the hottest things in philadelphia. Next thing you know they are padlocked. Retail you can go very, very wrong quickly. As pointed out inventories can be a key part of looking and watching because those can be next quarters mark downs. Sears inventories are declining. Same store sales are always declining, as well. They did take the inventory down fairly significantly it appears. They launched adam levine and nicki minaj. They wont tell you what the product is. They lunched them. Dont we have a connection with him . We ought to call him and see what he launched. Sounds like a space ship. Maybe they launched. Eddie lambert is going to Ipo Nicki Minaj and ipo craftsman. Ipo the auto business. What are you left with . Real estate, enormous value. That has long been the underlying value cited by those positive on this. After we pantsed them in home depot and everyone thought all of the rest of real estate he has done a great job. We dont need sears real estate. That is one of the problems. I asked you if you would rather buy j. C. Penney or kohls and you grimaced. Target or walmart . I would rather buy target. I think target in the end, you wait a few days and people start liking it again. Stock goes to 66. Then we have announcement yesterday on air like its the drosphelia . The may fly. Thats what goes on in tech. I studied that. Have i been pronouncing it wrong since i was 20 years old. Maybe we are talking about two Different Things. Life cycle of the fruit fly when it comes to tech. I think target you wait three days and someone says target walmart did it. Look at how walmart bounced. How about if walmart said things are really bad . People are very forgiving. They will forgive target. If you ask me i will take target. Futures are looking to bounce back after s p first three day losing streaks in two months. Dow below 16,000. Speaking of the fed the Senate Banking committee is set to vote on whether to confirm janet yellen in about an hour from now. Rubio apparently not on board. It is expected that the nomination is confirmed. In terms of the market david costen saying good chance of ten percent correction next year. The minutes gave people the spooks. If target says things are better and walmart says consumer is constrained. Dollar tree consumer constrained do we presume consumer is doing well and immediately stop buying bonds. Enterprise is largely international. American Companies Made glass for cars. Now they make specialty polymers for the world. Where is duponts strength . United states . The world. Maybe they are reading targets release. Maybe bernanke shops at target and knows i have to be careful. Maybe janet yellen shops at dollar tree. Maybe she does. Or maybe not. Maybe she shops at five below. Five below is a very hot concept. It is a Regional National place in philadelphia. Your kids will love what you get. It is fabulous. Your point is a good one overall on the consumer. You cant be dollar tree is down. You know how much things cost at the dollar tree . You can get mike and ike for under dollar. With gas prices acting as they tail. Some say it is underer played. It does fut a lot of money in peoples pockets. Dollar tree should not be missing the number. It is a very fine operating. So the fed did say in the minutes that they considered trimming purchases even before there was further unambiguous improvement in the labor market. Right. Can the reality of the consumer coexist as you see it right now . I think they have to play the game because you cant have people leaning on the bond market. They are always playing cat and mouse. Bob reuben saying he was playing cat and mouse. I think the fed is being opaque here. After what they saw that september remember september head slam to the shorts. Buernanke does not say i am goig to play the shorts. They have to play the game. That is the way to keep rates from three. Look what existing homes did. What about municipalities . So many Different Things linked to low rates including the borrowing from the United States that you dont want to necessarily go down that road. Normalize rates. We probably have a better economy and a little inflation. We need a dramatic repatriotuation program and get the money back in. 1. 5 trillion and make a infrastructure fund. Infrastructure bank. Im not kidding. Im offering my solution to the american people. That is something that has been around. It will never happen, of course. Nothing will ever happen. It involved washington, d. C. And nothing will take place there. Why cant someone bold stand up and say it . You are absolutely right. How about 20 and 5 goes to the Infrastructure Bank . You have to put people to work. We have the cocaine possession for the first time. Wasnt toronto mayor, didnt he smoke crack . Isnt that better . Cocaine . I dont know the hierarchy of things that are dangerous. I cant get over the 13yearold thong at abercrombie. Breaking bad like a major distribution product what is apple doing . We used to talk about them all the time. Im talking about granny smith. That is my favorite kind of apple. Got much needed good news about model s. And another reason for him to smile this morning. Business person of the year perhaps . Well talk about that. Also ahead jonah paretti. Take a look at futures. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the allnew fidelity active trader pro. Its one more innovative reason serious investors are choosing fidelity. Get 200 free trades when you open an account. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. aaron purrrfect. vo meeeow, business pro. Meeeow. Go national. Go like a pro. Teslagetting 99 out of 100, the highest Customer Satisfaction score seen in years. Our phil lebeau caught up with the head of the administration yesterday. Once we made the decision and once we talked to tesla about the decision they were more than open about saying we want the highest level of scrutiny and want to cooperate with you. They feel strongly about the quality and safety of the vehicles. They are willing to step forward and be collaborative is a very positive thing. See if they can get tesla out of the 120 range. Barclays thought there would be degradation of the sales. You mentioned it fortunate magazine, business person of the year. Its a cold stock. When i say cold stock it is very difficult to value it. We talk about gm and the treasury selling shares. I can put a valuation on gm. Can he go from 20 to 200 . Have the ability to manufacture that many batteries . That is an interesting question. He has been saying maybe he can do some things. Henry ford we say there is no way to make the model as. You would say elon musk was crazy but he has a record of turning dreams into reality. He has been discounted for and sometimes with the help of subsidies. He is not delorean. Speaking of cocaine. I think there is certainly i understand how it can happen. It does not make it less of a cold stock. There is the momentum where the momentum is broken. You remember cold stock has shorts who dont believe and people who love the product on the other side. The buyers love the product. The shorts cant understand the metric of how you get to that valuation. These guys duke it out every day here in the range. Your plan on twitter was dont be ashamed of paying up for a cold name. Kramer says this thing is worthless. I am saying it is overvalued. I dont believe in it. I didnt want you to buy twitter. You have every right to do it. I am not denying peoples right to overpay. Why are you chuckling. I am glad you are not denying rights. Beasty boys. You have to fight for your right to overpay for cold stocks. You know where they went to school . St. Anne. Very interesting. Very, very talented. She got rejected from every school she applied. Probably the smartest person to graduate that year in the country. Busy day today. Senate banking, voting on yellen. There is a look at futures. Opening bell. Time for mad dash on thursday. This may be one of the funniest titles. I cant say the name of the Research Report. We have this hand held. Im on this one right here. We are trying to show this is about fossil jet. People saying why did the company go from a billion to 600 million. You mentioned this thing. Everyone things it should be higher. Says the company sold three new 3 d printers in the Third Quarter. 600 million market value. They sold three printers and two used printers, too. Absolutely. Stratus is a real company. The problem is the group got inflated. Citron said i want to know what they were really thinking. You have to give them credit. This is a cold stock. This is the definition of a cold stock. You may think it is jim jones and cyanide laced kool aid. Another bit of a cold stock, Green Mountain. David will be on today. He did a stock dividend. Now it is a closed system. My friend saying this once the smoke clears there were questions about whether it is good enough. In the meantime the longs are beating the shorts in Green Mountain coffee. Did you use a cukeurig this morning . I did not. The number of keurig people in this country is so big that they have a small base that makes me feel like we use the cart. I use the guy outside. Youre on broadway. We have the opening bell a couple of minutes away. Stay with us here on squawk on the street. [ male announcer ] once, there was a man who found a magic seashell. It told him what was happening on the Trading Floor in real time. The shell brought him great fame. But then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their Trading Platform. [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a. Shell. Get live squawks right in your Trading Platform with think or swim from td ameritrade. You are watching cnbcs squawk on the street live from the opening bell. A lot of retail numbers and macrodata. The difference between the retail sales number and the individual numbers that dont square. This is what i struggle with. The numbers are much stronger than people think. You base it on target and home depot. You dont come off the strength. There is the opening bell. S p at the top of the screen. More green than red at the open. Down here at the big board. At the nasdaq microsoft celebrating the launch of the x box 1 on sale world wide at midnight. Are you going to the party . I know game stop is down ahead. The device sounds very exciting. Obviously that swan song that kind of crisis that he eluded to in the wall street journal, maybe should be a little more provide. It seemed like he was saying he is the pattern that is the problem. What does that say for other stocks . We are going to get a look at the x box in this program in a little bit. In the meantime usa today has a review. It is expensive. 499 is up there. The features make you feel like you stepped into the next generation when they work. There are tech issues that microsoft may have to handle. I thought voice activation is like the secret. Apple had some of the technology from the x box. Really kind of cool features. Im not a gamer. Im a gamer but not a gamer. And i just was fascinated by all of the things in this. And i understand the higher price. Ill tell you who is not a gamer is gme. I guess people feel like apparently it is very hard to get a sony box. You cant get the sony sony misjudged. There is not enough inventory. She is looking for sony play stations and there is apparently not a lot available. Among the other losers, dollar tree, target, Dollar General. You want to taper in an environment and lets add walmart arent doing well. Isnt that where people shop . You have to taper sometime. Taper is not tightening. Taper is not a tightening. They have a delicate thing because of the shorts to lean on bonds. Maybe the economy is not that strong. You dont have a lot of construction. We need that infrastructure. You have a lot of consumer save. You are talking qe forever. How does the market look . Europe was turning. Europe hit a pause button. France looks like another recession. China is okay. They did not have a great manufacturing number out of china. Oil stopped going higher. Oil international is more expensive than domestic. There are signs that things are not so great that i wouldnt be in a hurry to get out of this program because we all know what is looming which is a website that doesnt work to help us with health care. Dr. Oz, most powerful guy in medicine and a great guy did say if you want to know how to bankrupt, why most people suffer from bankruptcy is because of health care. This is going to be a worrisome thing for many people. They are not going to feel like shopping when they are worried about their health. Good point. Gm is up there. Johnson controls, so is Johnson Controls announced a buyback of incredible proportions. A new ceo, very motivated to get the stock higher. I believe they will break up the company over time. That happens to be one of the most aggressive buybacks. Yahoo cannot stop the beast at 36. 47. There was another Research Report today. I think they raised their target. You are going back to the value of ali bahba. The increasing value of the stake in yahoo japan. They share a name and nothing else. That is a lot of the story. They sold 1. 25 billion in a convertible instead of a billion. They did it very easily. There was great demand for that. So you just got a lot of positive things happening there in terms of the value of the company that has nothing to do with whether or not it will turn itself around. They have to look back at the sale they did initially before she came in. Why did we sell that stake. At the time they were being urged to do it. That was a lot of money left on the table. Given the hoard of stock and cash, does it matter if yahoo just treads water . Good question. And the name that doesnt get tossed around a lot is terry simal who i think is mostly responsible for bringing that gift to mayer. Hats off to them. This is one of the greatest performing stocks of the year. It is because it is all right that they go up. Meanwhile, there are plenty of people who believe she will transition the company to a new future and a better one and therefore you should apply multiples to the core business. Now it looks like maybe wasnt the best sale. Other than i remember when the Solar Company was sold, it rar