Europes in the green, as well. Road map begins with markets. After a nearly 200point dow rally friday, chaos in iraq, fischers disappointing Global Recovery but stocks keep ticking up. Kinder morgan, 44 billion to bring its businesses under one roof. An exclusive interview with rich kinder, chairman and sooceo of Kinder Morgan. Priceline, ceo joins us. New fronts on amazons price wars. Push back, preston and king, a new rival, the Magic Kingdom loses its spot on amazon. Com. Stocks coming off a volatile week which ended in the black. Fridays session the best for the dow and s p in five months but stan fischer sounding cautionary note, speaking in sweden. He says the Global Recoverys been disappointing with few exceptions. Growth in the advanced economies underperformed expectations of growth as economies exited from recession. Its also possible that the underperformance reflects a structural longerterm shift in the global economy. And points, guys, to that Labor Force Participation rate which he says very unclear why that is, if there is true slack and if theres not, youre going to want to raise rates sooner rather than later. Another way to look at it, which stanley, who is brilliant, i met him a bunch of times, hes the dean people in korea have shrines to him what he did with imf, turning around that whole region. You could read this, listen, stay easy because we cant get things going but maybe theres something bigger, secular going on that makes it so the economys in the world cant turn. Hes a thoughtful man. His words will be interpreted by many. Hes kind of an oracle. For me i took it as being, look, rates have got to stay low until we catch fire here. You have been obviously youve had your eye on ukraine, and youve been nervous about that . Yeah. Right now i feel that ukraines calling russias bluff. Theyre encircling separatists. I think that putin wants clarity on crimea because hes got the naval base there. He wants some buffer. Divisions havent left. Every time we get complacent with ukraine, its a big mistake. However i also think that the president exercising leadership by rolling back the isis, even if it means three pickup trucks shot down, makes people feel like, wait a second, its not chaos throughout the world at this moment. Well, i mean it is chaos in a lot of places. Not in montauk. Its in its own chaos out there, unfortunately. Its been discovered by thank you New York Times last ten years writing 17 articles of summer. Move to the tenyear, chaos and a 2. 42 yield. No, what happened last week, at end of the week, by the way, you started to see money coming back to companies that yield 3. 25 that dont have any growth because people kind of threw in the towel. I keep thinking back to delivering alpha. I mean the question was, whether the big money was going to be 3 or 2. 75, whether the fed was going to raise immediately or not. And this happens. Everybodys caught. The big money, its not everyone, its hyperbolic, but so many caught wrong and now theyre saying, maybe i have to go back to general mills, even though it didnt report a good number. Its just astounding. It is. Every single year people thinking the trade is to short the long, short the tenyear, were going to make a lot of money, and youre wrong. Whats it been, five years running i believe. Stanley fischer saying, look, rates arent going anywhere. You can argue what hes saying, theres no demand for money and then say, wait a second the feds keeping rates down. I know the big money guys dont want to hear this, i think the fed could sell 500 billion in bonds and there would be buyers, whether chinese, russians worried about their own money. Demand for treasuries is insane. Well get some note auctions this week. See what demand is like. A lot of m a. There is. Ill tell you, people who like money, those borrowing it to do deals. Weve seen that in amazon. Theres not in this deal but certainly creeping sense of other bubblish times. Kinder morgan what im talking about, its consolidating publicly trading units into one company 44 billion cash and Stock Transaction that includes Kinder Morgan energy partners, Kinder Morgan management, and el paso pipeline partners. Were going to talk with Kinder Morgans ceo Richard Kinder later on squawk. I can give you the term but was im going to turn to you. You know mlps and this company very well. From one k p, 2. 31. And 10. 77 a share in cash. Cash consideration adds up to 4 billion. 1 kmr equals 2. 4849 km ishares and 1 el paso. 9451 kmi shares and get 4. 65 share in cash, elect cash or stock in that one. Whys he doing this beyond the terms . He was on ive been a big backer of rich, hes one of my bankable guys. I i fell he would say Kinder Morgan partners, the xwbig one underperformed he would recognize these rates would kick back money 43 , some say 60 of the actual net income going back to the partner, kmi, that had been disadvantaging Kinder Morgan to be able to do deals though it had done el paso. The cost of capital was too high for kinder, people felt it was large numbers. Rich kinders company produces as of last year 55,000 barrels of oil in texas, its also an oil company, Great Holdings there. The essence of this company was, people said, rich is letting down people because his company was taking too much. Didnt mat that rich was getting a dollar a year, didnt matter if he ever sold stock. If Kinder Morgan wants to guy anybody, it will be able to. Fining itself in an unable to do that, effectively at this point . Right. So many deals to be done right now in the oil patch. Were looking for consolidators both in pipeline and oil. And rich hasnt been able to participate as well as hed like to. Im saying rich, hes been on the show a dozen times. First guy told me, when people say, jim, how did you know about energy interpence . Rich kinder told me. Knowledge of the Pipeline System. Thats rich teaming me. Rich and mark, just teaching me. Listen, you have to understand whats going on in the country. And this is for rich to be able to take advantage of the vast networks. Hes got marsalis, the pipe to the west, canada, rail, but people were confused about the structure. Be confused no more. A hugely by the way, theyre all benefitting. The cost of capitals bad. By the way, this is this is amounted to a pay cut for rich because rich got the kickback from the incentive distribution rights. I said rich, if you dont change things the stock will never come back. Kinder runs a company for shareholders by shareholders and bingo, he did it. Thats why youre seeing the complex up because hes created a huge amount of money with this. To give people a sense of the size of the deal, the total enterprise value exceeds all of u. S. Energy m a so far this year. Im going to give you the real size. I was supposed to be on the beach. You came in specifically for this. Rich is you know, you go back on this. This is something that makes shareholders money. Its been a tough time. Kinder was a huge lchlbo one point. This man has familiarity with how Capital Marks work. For our favorite brokerages, one of the things a lot of fees being paid. The largest this is the grand daddy of the partnerships. Many talked about, first thing we talked about search for yield, 6 . What does k mr. I do . 2 dividend in 2015. That stocks up. Suddenly people say put 20 instead of 2. Then you have a great yielder that will be able to grow. This is the consolidator of the massive Pipeline System built all over the country. Its a huge win for everybody involved in the kinder family. Kinders ceo Richard Kinder will be on the program, talk about the 44 billion transaction, one of the biggest ever in the energy industry. Also, priceline. Darren huston joining us for exclusive regarding quarterly results. Stocks lower in the premarket due to guidance. Take a look at futures. If the dow can close higher today the first backtoback gains since middle of july. Almost a month ago. More squawk on the street live from post 9 at nyse in a minute. So i can reach ally bank 24 7, but there are no branches . 24 7 its just im a little reluctant to try new things. Whats wrong with trying new things . Feel that in your muscles . Yeah. I do. Try a new way to bank, where no branches equals great rates. Pricelines out with quarterly result. Take ow items the travel site reported better than expect numbers, helped by a big rise in bookings. Guidance is below consensus as the company spends heavily on international expansion. Well talk live with Darren Huston on squawk on the street. Not a lot of specifics given on this Current Quarter guidance, guys, though bookings up 34, good for the quarter reported. I find price has a history of blowout numbers and then a guidance that causes everyone to sell, one point the stock down 20 bucks. Now coming back, as people recognize pricelines historic way of dealing with things to say, okay, look, we dont know how well were going to do and then making people feel uncomfortable and coming on strong, which is why it great to have the ceo on. Another quarter where i just feel theyre Building Full rollout, open table, continues to see great mobile growth, meta search is important, different business growing fast. These are all things that could send the stock up ten by the owned of the day, frankly, up ten. Thats coming up later on this morning. Iraqi Prime Minister al maliki deploying forces across baghdad, in a battle to keep his job. As the white house stepping up air strikes against militant group isis in the Kurdish North of the country. Nbc news in erbil, iraq with the latest. Good morning. Reporter good morning, carl. Getting news in the last few minutes that the largest voting bloc in Iraqi Parliament has chosen the Deputy Speaker to become Prime Minister. Now all eyes are going to be on the existing Prime Minister, Nuri Al Maliki to see what hes he does. Hes given no indication hes going to give up power willingly. Last night he was on television, accusing the president of violating the constitution, saying he wanted to serve a third full term. Now were getting reports out of baghdad of Police Officers and Security Forces loyal to maliki moving into positions across the city. So its exactly what the United States and International Community does not want to see because they want a united front, a leader in baghdad, who is capable of uniting the kurds, sunnis, and the shiites rather than al maliki who has been divisive and authoritarian, according to his critics. Hes losing support, not just from the United States, but also from iran and also from shiites in his own party. So now were hearing, they have chosen the Deputy Speaker of the parliament, it be will interesting to see what al maliki does next. What the country needs and what the United States is asking for is a longerterm vision for a united front, consensus government, so the government stands firm against this threat of isis. Ironically, it comes on a day and distracts from more good news that were getting up here in the north of the country, which is for the peshmerga able to retake two strategically important towns they have lost a few days ago. They did that with the support of the United States air fire. Were hearing that the cia will be arming the peshmerga directly which should help them against isis because they have been massively outgunned. Thank you very much for that. Nbc in iraq for us today. Cramers mad dash, count down to the opening bell. Exclusive, with Kinder Morgans ceo, Richard Kinder on the deal of the day, some say the year, that consolidates his pipeline empire. One more look at the market. With all the opinions about stocks out there, how do you know which ones to follow . The equity summary score consolidates the ratings of up to 10 independent Research Providers into a single score thats weighted based on how accurate theyve been in the past. Im Howard Spielberg of fidelity investments. The equity summary score is one more innovative reason serious investors are choosing fidelity. Call or click to open your fidelity account today. We do . I took the trash out. I know. And thank you so much for that. I think we should get a Medicare Supplement insurance plan. Right now . [ male announcer ] whether youre new to medicare or not, you may know it only covers about 80 of your part b medical expenses. Its up to you to pay the difference. So think about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans, they help cover some of what medicare doesnt pay and could really save you in outofpocket medical costs. Call now. With a Medicare Supplement plan, youll be able to stay with your doctor. Oh, you know, i love that guy. Mmhmm. [ male announcer ] these types of plans let you visit any doctor or hospital that accepts medicare patients. And there are no networks. You do your pushups today . Prepare to be amazed. [ male announcer ] dont wait. Call today to request your free decision guide and find the aarp Medicare Supplement plan to go the distance with you. Go long. Gotta look sharp gotta look sharp wow, over ten minutes until the opening bell. Not sure what weve been doing. Mad dash for monday morning, tesla. Tesla, a lot of things are happening with tesla. This is the second upgrade weve seen. This is recommendation changeded by Deutsche Bank saying, even steep growth trajectory leads up to upgrade to buy. Talking about significant volume increases. A lot of people are betting against tesla, thinking the a great short of all time. Compared to the market size of ford. Talk about how many, ford makes more cars in the day than tesla. What theyre saying is, this is a very, very going to be a very, very profitable company. A lot of intellectual shorts saying this call is just a farce. But in the meantime, teslas breaking out the technicians love. I know that shouldnt matter. But theyre talking about earnings estimates going so high, david that youre talking about 2016, making talking about 933, i mean 9 . Thats all because of production numbers which people see going through the roof. Youve got huge bulls out there, dan bentton, huge holder there. Momentum stock. Yes. As long as numbers go up, one assume the stock may go up until it perhaps succeeds and meeting those expectations. Then its over. Thats the way biotech works. Its 9 number, its going to 300 rapidly. Im not saying it should. Im saying if thats numbers real theres no justification for it to down here, it should be much higher. Money managers looking out years and see this growth, they have this incredible accelerating revenue growth, it could happen. Yep. Im not going elon musk did not deliver in solar city last week, though its an affiliated company, the cash flow. Herb greenberg put out this remarkable note, his reality check report saying cash flow, they dont care about it as much. Thats going different trajectory from tesla. Teslas good. One small step for man, one huge step for man kind. 35 of this, wow, okay, 30 of the stock is short. Okay. The big wrap, mannkind had a great insulten solution, inhaler, couldnt find a partner. Sanofi, the most aggressive European Drug company, has come and gave them 925 million for rights, 65 of the earnings are going to sanofi but also take the losses. 35 to mannkind. Piper says good news. The shorts will battle this today but it might be puric, now that you have the big partner in sanofi, this is i a worldwide story and you know, i people have to cover what im saying. Shorts will say, like tesla, jim you dont understand. Im saying, listen, i may not understand but im telling you whats going to happen, i didnt think theyd well, i said until they have a partner, i couldnt get behind. Then sanofi, who is maybe one of the most respected companies in the world comes in big time. Theyve been doing a creeping tender offer for regeneron. Now its not another regeneron. Its acting like, theyre in the market trying to get 30 . But sanofis a company that has said, were going to race through technologies more than merck, pfizer. Mannkind is one of them. Stories negative going into positive, tesla and mannkind. Which is why im highlighting. Keep an eye on the huge deal in the energy, coming up Kinder Morgans 44 billion transaction. Well talk about it with the ceo, Richard Kinder. Ho opening bell coming up. Chocolate is very individual. White chocolate lovers dont like dark chocolate. Milk chocolate lovers dont necessarily like dark or white. Before we couldnt really allow the consumer to customize their chocolate. We needed a scalable Cloud Solution allowing them to select what they are looking for. Now there is endless opportunity to indulge. Customization is made with the ibm cloud. The ibm cloud is the cloud for business. The cadillac summer collection is here. During the cadillac summers best event, lease this all new 2014 cts for