Off losses, germanys confidence number a big miss, down eight straight months as the conflict takes a toll on that economy. We begin with the markets, futures flat as putin sends and aid convoy to eastern ukraine, and german Investor Confidence plunges. More than just price. New details on why amazon is taking on disney and what it means for amazons already paper thin margins. Telsa after a big day yesterday has a less than glowing review from Consumer Reports. Well tell you why. Stocks up hope to continue after the dow and s p have the best gain in four months. Concerns, though, about the ukraine crisis causing geing ge Investor Confidence to fall. Q2 profits for the Banking Industry rise to the second highest levels in 23 years, of course, thats not translating into stock gains. Kpw bank index down almost 1 year to date. Jim. Theres a lot to digest. I dont know if you want to start with the economy or banks here . Yeah. I mean, these numbers come out, say, okay, well, wait a second, looking at a german sentiment number. Why focus on that . The answer is that russia, ukraine, russia, ukraine. Repeat that, repeat that. That determines the same way that three cents hit russia. Three cents . I thought the stock was going to 118 on the Morgan Stanley upgrade. We begin to realize numbers are too high. You see the confidence, not as many orders put in, not as many cars bought, the world is slowing because of russia, ukraine, and germany was a locomotive, and you cant be as confident after you see they are not confident. Slowing, really . Russia, ukraine . Slowing . Yeah, i think so. Creeps in everywhere . Yes, it does. It creeps in the sentiment. The United States not going to creep into macys quarter or domestic walmart will not be impacted, but these International Companies begin to see a nice turn in europe, and they fired a lot of people, and you get sales up, and now maybe the sales come back down a little, and its just really says, this is not an earnings story, russia versus ukraine, but its going to hurt earnings. I just am trying to factor in, the Airline Stocks bounced in. Should they all bounce back . I dont know. Should the money go back into clorox and General Mills . Yes. Yes. Because those are the yield plays because rates are going lower because of this. You mentioned retail, and back to school. A lot of retail Analyst Coverage today. Yes, i love it too. Citi looks at back to school, says hard lines in general, cautious on Office Supply stores, for instance, but they like williamssonoma and best buy even. I dont know, my kid goes back to school, we buy a lot of stuff, but we dont go to williamssonoma. Thats a bedbath situation. Maybe castle a for 380, the iron pot, i mean, they are not necessarily a backtoschool play. Macys, the third analyst said they will be great. I wish i hope i dont to be unless its greater than great, it sells off. Limited brands, fossil, like sally beauty. Beauty. Yeah. Listen, whatever, they should like kate spade. They deliver a number thats just extraordinary their. That turns out to be the winner. Think about it. Coach, you know, the bleeding has stopped, kors, stopped liking kors, but kate spade delivers a hot number, the hand bag for the fall. We talk rates at 242 on the tenyear, and talked about Net Interest Margin at the big banks, how they benefit from a raising rate environment because you see more of that. Yes. This morning the general reporting on u. S. Bank profits nearing record levels, second highest in 23 years. Its the reserve way. It is. It is. Then you also do have a story, perhaps more important, about lending picking up. Right. As well. That should yet, we look at the banks, the bigger banks, performance not really there in terms of at least the stocks. You know, i have a piece i wrote this morning for realmoney. Com, and i said what were lacking is the old days when they dont do anything, and bbnt buys it. When you see a situation like one of these regional banks, sun trust, travel trust, language wishes, down from 41 to 36. Then they come in and buys them. We dont have european banks. They are not making acquisitions. Rbs is not going to sweep america, and everybody else, i mean, wells fargo, 30 theres no consolidation. No m a, no dividends. Saw it drove so much in the 90s as well. You have to rely on earnings now, many of the projections made a month ago are no longer valid because interest margins are not good. Lending should take over, but its what people want, good dividends, banks dont have them. Want earnings, earnings will be cut. They want mergers and acquisitions, but theres no m a. No m a . In banks. Theres m a galore. I mean did a memo i missed . Theres plenty of m a. Right. But just banks are not buying other banks. That is right. Right . That is largely off the table. But m a is unbelievable. Overall on earnings season, 8 of the quarter as it closes, second best quarter in three years. We did get the markets been okay. Yeah. Last couple days have been good. Look, i think theres plenty of reasons why wed be up. One day, if it comes over any of the News Services that merkel and putin sit down how to divide up the militarized zone, crimea, we rally 5 . The shorts that are hanging on here have to recognize theres a positive thing that come out of there, not a negative. Whats the convoy . Unmarked nonred cross convoy the humanitarian mission. I have to follow that and paper filled with how the air force cant do the job. The news is not like a great set of news. Right. You pick up the paper, and you dont feel, wow you dont feel uplifted about peace and prosperity returning to large parts of the world. But if something good happens, i think it could be a sigh of relief. Look, the German Economic Sentiment goes back up, and remember, our country, theres a lot of Domestic Companies doing well, just that theyre lost in the s p thats dragged down by big multinationals. Right. Interesting story from tesla today. Yeah. Consumer reports of the model s says things are mostly positive with the electric car they own, but the vehicle has, quote, more than its share of problems. At more than 12,000 miles, the soenlter screen went blank, eliminating access to every function of the car. Tesla had a statement that the problems are covered by warra y warranti warranties, the quote, they are constantly upgrading the model s, but the product manager says theres issues you dont expect from a 90,000 car. Yeah, and especially after that Deutsche Bank piece yesterday that says to the moon analysis. Which helped the stock at 5 most of the day. One of those, going over, just i thought they built 80,000 cars in 2017, but this report says 129,000. They used the magic 500,000 car figure. Well, this a lot depends on resale value, a lot of it on the durable vehicle itself. We have not had that much time to work with the s, so to speak, and now these reports. Going back to the 200,000 mile battery i mean, elan musk could buy Consumer Reports and shut it down, change the ratin ratings. He could. Whats funny, they made it a star giving it 99 out of a hundred, the best rating ever. The beginning of the giant short squeeze, Consumer Reports. Can they take it away . I dont know. Those of us who have driven it, you know, we are hotter than we were before we drove the tesla. I feel different about myself. Really . You have not bought one yet . I test drove it. I said, you know what . Theres kind of a i was going to mention this race driver tony stewart. That story, that video, should not have watched that video. That was a mistake. Told you not to watch it. No, dont. Told you not to, and i did it. Uncertain how that ends up. As more tesla and Consumer Reports, one thing to mention it does not appear to have a great impact on the stock prior to the trading, not like Deutsche Bank being excited about a hundred thousand cars. Such a heavily shorted stock, and the numbers they are talking about, i mean, has to believed that people like the tesla. The short story is theres too many being made and theyll cost too much and what do you do with the battery, and the objections kept being met and met and met. Its a hard short. Finally, this morning, you probably heard by now, millions of fans around the world mourn the death of Robin Williams at age 63. Known for work in television shows, to films, good will hunting found dead yesterday in his bay area home. The medical examiner now in the process of conducting an autopsy and a News Conference arranged for 11 a. M. Pacific today. His ability to do so many things. Theres great stats on the worldwide box office, 5 billion 5 billion around the world, and mrs. Doubtfire, one of his best fills, nearly half a million u. S. Domestic alone. I saw him live in improve in 1979. I had a bunch of comedy writers as friends at the time, than were jealous in all what you do, you yell out a word, and he would be that word and do something. Thought it was planned. There was just no way he could but one after the other, and you realized it was not planned, and you yelled things, and he you walked out said, okay, theres many people mozart, Robin Williams. Couldnt figure it out. So brilliant. In recent memory, the ipad ad he voiced over. Listen to this. Dont read and write poetry because its cute. We read and write poetry because we are members of the human race, and the human race is filled with passion. Medici medicine, law, business, engineering, these are knowable pursuits, needed to sustain life. Poetry. Beauty. Romance. Love. These are what we stay alive for. To quote from whitman, oh me, oh the millions of questions of these recur. Robin williams dead at 63 and will be missed. When we come back this morning, amazon in the cross hairs, dispute with disney reaching a new level, talking with the book authors taking aim at amazon in a full page ad. One more look at the premarket this morning, more squawk on the street from post nine in just a minute. Drivers want to go further with their electrical vehicles. But you cant take a trip from lisbon to stockholm if you cant recharge along the way. The green emotion project, funded by the European Commission is using the ibm cloud to make this possible by creating a single charging and Billing Network across 28 countries. So drivers can travel as far as they want to go. Take your business further with the ibm cloud. The ibm cloud is the cloud for business. But what if you could see more of what you wanted to know . With fidelitys new active trader pro investing platform, the information thats important to you is all in one place, so finding more insight is easier. Its your idea powered by active trader pro. Another way fidelity gives you a more powerful investing experience. Call our specialists today to get up and running. Welcome back to squawk on the street, im Morgan Bren Nan with breaking news on Atlantic City, specifically the casino rebel, the 2. 4 megaresort built and in bankruptcy for the second time in two years. Official word from revel set to close no later than september 10th after no qualified bidders came forth in the auction to buy this casino. This will now mark the fourth casino set to close by september. That means Atlantic City has 25 less casinos going into fall than it started the year with. Well continue to bring you more information on revel as we get it, but, again, this casino, 2. 4 million has not got qualified bidders and will close by september 10th. Back to you. Quarter reduction in Atlantic City, not appear to be helping overall. And people want casinos in new york. Incredible. Write passing legislation in new york, and it seems theres a glut. Theres casinos everywhere. They are, like, everywhere. Theres too many. Igt sold itself oh, boy. There was no value steal. A couple of the deals. All no gross kind of frustration. The providers to them need to c consolidate. Amazon, price is not the only factor in the dispute. The wall street journal promotes theres Product Placement on the website as well as questions on who makes up the difference when amazon loses money to match price of competitors. Amazon stopped taking preorders for numerous disney movies including captain america the winter soldier, a, i believe, a box office success. Theres a need to differentiate between the typical disputes that take place between the enormous retailer and those who provided products and separate dispute over books. I mean, its not like walmart doesnt also argue with vevendo space and use power in a significant way. What a great thought. Absolutely right. We sit here, how do they get the caps . Pay more. You know, think about what happened with costco and steve jobsment went to jobs, we want your product. Jobs says you cannot sell less than anywhere else, just get out of our stories, were not taking your stupid apple cards, and then things calmed down. Do you think were too focused . Whats interesting is we would not be focused on the story at all were it not for the dispute with amazon thats got so much attention that we focused on on the recent documentary as well when you have authors like James Patterson coming out and making the point, as he did to me in the interview, some time ago, about the difference between selling toilet paper, for example, and books. I think books are important. Steven king thinks books are important, which is why all the people are speaking up now going, hey, amazon, please, this is not the toilet paper industry. This is these are books. Are your sales hurt as a result of this dispute . Sure, absolutely. They are right now, of course. Theres more to come . One would think they are not just attacking you got to believe that random house and simon and schoouser are next. We have to think about it. They are so powerful. Wow. Is it hurting amazon though in a broader sense . Having written books, you know, they are not not calling them the evil empire, not down that route, but just too they are so powerful, and amazon prime is so powerful, and the bookstores where you sell are not powerful at all, and thats the counterweight. Bleed over, though, into sentiment for the Customer Base that results in people think twice about the buy button . I dont think so. I think whats happened in the country the other day someone said to me, i said, we used to go to borders. Borders . Whats borders . I visited there first book, went to ann arbor to pitch borders to take my book. Without the effect of counterweight, not talking walmart and target selling books, you just dont have anybody you can say, listen, i got a better, more attractive way to buy a book. These are great writers, and they are terrific, and the publisher houses are great, but they dont have the horses. They dont have the horses. Knock down 20 this year. You seem upset. Im not, its just an interesting conversation. They have negative publicity. Its interesting to watch how theyll respond to that, viewed in a way they have not been previously. Because of the space. You wonder whether that impacts overall on sales. Not talking about buying books. The tiny i watch your documentary with my dad, and my dad and i, at the end just say, boy, i dont like those guys at all, and then later on, you get back support. I click on amazon, what do i do, go to five drugstores . Oh, that guy wiped out the paint ball guy, and those people in the white collar town, and my father is furious while im ordering on amazon. Right. Says it all. Youre a consumer. Well get jimsed mad dash in just a minute. So ally bank really has no hidden fees on savings accounts . Thats right. Its just that im worried about you know hidden things. Ok, whys that . No hidden fees, from the bank where no branches equals great rates. This is charlie. His long day of doing it himself starts with back pain. And a choice. Take 4 advil in a day or just 2 aleve for all day relief. Honey, you did it baby laughs tuesday, time for the mad dash, talking intercept, and not preseason football. Afulf analyst had a sell on these. Janet yellen. The fed staff. Horrible they came out with that one statement saying that these are overstretched. Small to mid size. Yeah. Theres a terrible disease, a nonalcoholic form of liver disease. It mimics or looks like what happens no fault of your own, not that alcohol is a disease, not saying mimics it. Right. They seem to have a cure for it, and fda has said yes to it. The primary results shouldnt say that, the results are good, better than we thought. The stock up a lot. What happens is people like exact sciences. They recognize, its a lottery. You have a bunch of these stock, and one of them pays off; and its why the stock market is vibrant because when you have a great drug that does do something special, you can have this kind of move, and i just applaud the people who keep developing these drugs. I have Charles River labs on tonight. They do experimentation, ebola, that kind of thing. Went up day after day until they ran out of the vaccine. Theres Companies Working on remarkable things, but they are tend not to be get a franchise, turns out like being aggressive. These are companies that are exactly what you should own and i think that janet yellen, the fed was misplaced. They dont understand that this that the big pharma is out of growth so they have to rely on this. A lot more to watch, opening bell coming up right after this. Zp the ca illac summer collection is here. During the cadillac summers best event, lease this 2014 ats for around 299 a month and make this the summer of style. When the world moves, futures move first. Learn futures from experienced pros with dedicated chats and daily live webinars. And trade with paper money to testdrive the market. All on thinkorswim from td ameritrade. Youre watching cnbcs squawk on the street live from the Financial Capital of the world. The opening bell ring