December. The road map begins with the markets climbing back. Dow and s p back for the year. Oil with a 4 handle. The bidding war for starwood. The hotel change taking a higher offer from chinese anbang. Now marriott has five days to respond. As twitter hits an anniversary, jack dorsey says where the company goes from here. The bidding war in process for starwood. The company that had reached a deal to be acquired by marriott some time ago for 0. 9 shares of marriott and 2 bucks per share, and a spin of this time rental business. Thats what im thinking of, right . This morning as we reported first and has been confirmed by the company, anbang, the Insurance Company from china, along with chris flowers and primavera, large equity firm in china have agreed to purchase starwood for 78 in cash this is 2 above the previous bid they made to buy the company, and a bid that has been accepted by starwood. Before starwood can sign that definitive agreement which has been fully financed, the deal, important, of course, when you talk about the chinese to assuage any concerns investors may have, before they sign it, they turn to marriott and say, okay, the clock has begun. You have five days under our merger agreement in which to respond with an offer that we believe would be superior to the current offer from anbang. Otherwise we walk and we sign with them and you get your 400 million breakup fee. Sources have told me based on conversations the two sides have had over the last few days, there is a belief that marriott will counter bid here. The question is what can marriott did to meet the chinese and the chinese may not be done. They may have the ability to go even higher. Marriott is expected, if it does try to counter bid, as seems likely, to add cash to the overall mix. But the deal will include a great deal of stock. And they have suffered because perhaps they didnt market it well enough or communicate well enough, but the stock has not fared particularly well since the deal. If they had, maybe the chinese wouldnt have come calling. This stock did fall to 60. A lot of it was people said, listen, one plus one is equals like 1 3 4, they were they did the sliver of the time share, which nobody timeshare values went down. We had a downturn in actual hotel numbers. I think hotels are undervalued. Which is why i think anbang is coming in. 80. 64. You know what that number stands for . What. Thats where van pashen was fired. 80. 64. Do you think they can get it to where fritz was running the company . Given the value of the timeshare business around 5. 70, the current bid is worth in excess of that. That is true. When i had the two ceos on, the tempora temporary and the ceo, i said how great will this deal be . They said great. I said flesh it out for me. So, part of it if they dont come to a level, even if its accepted, they cant get a shareholder vote. A lot of shareholders here are shortterm in nature. Theyre not as interested in the pro forma, the company that will remain as a result of the merger, even though many may argue that the efficiencies brought to bear would be beneficial to both sets of share holders. Theyll have to lean on that and get the board to believe them unless somehow theyre able to compete by adding a lot of cash to the deal, which just seems somewhat unlikely, but well see. But is starwood the majority owner . Thats why they need to do cash and not stock. Air b b is doing incredibly well. Their biggest problem is they dont have enough inventory. I dont think hotels are nearly as threatened. I think that anbang is basically saying, listen, air b b has reduced the value of all hotels. Wyndham is a great chain. But i think theyre undervalued. This group got undervalued because of air b b, which is a legitimate unicorn that can make fortunes. I think the chinese are not as intimidated by air b b as a lot of american investors are. Were seeing the shadow. Wynn is back to 90. Thats the macau story. Im sorry, wyndham steve wynn, macau numbers, again, clearly bottom. Are they allowing junkets . Are they back to junkets. I dont know. The Chinese Government, which is anbang, by the way. Its not like the United States. Anbang is a stateowned enterprise. They want this because the Chinese Government is trying to build business away from china. Anbang has been aggressive here. Whether its the waldorf wald waldorf astoria, or whatever, but there is sentiment that marriott will come back with something in excess of 78 and then put the pressure on anbang to prespond to that. Well see. The clock is ticking. They got until the 28th. I always remember when the board let go of fritz and thought they would bring out more value. They brought out nothing. Fritz, heres your hat, whats your hurry . Guy built it. I think a lot of ceos you dont like to see leave. Thinking of allergan. David piatt built a great team. Im marveling at the hedge funds. That heart thing, im glad thats over with. Get your numbers better. You did a piece on mad the other night. The tinman strategy. The tinman group. When a guy has a heart transplant, thats not like, hey, i have a problem with my finger. Right now i have a skin infection here. Not really infection. Thats valeant. Dont they have a toe fungus thing jublia. Jublia. How much has that gone down . Not much yet. Stock market has not opened yet. All of healthcare was going down yesterday. Everything else was going up. Its primary season. In arizona, they will blast these Pharma Companies in the arizona primary. Whipping boys. Eli lilly, im not so sure about that alzheimers drug. Did you make a move on lilly . I had to. If you go back to the analyst presentation, i thought they would reverse. Nobody seems to be able to reverse black. Stocks are positive for the year after that long climb back. Oil at 40. Highest close for the dow and the s p since the end of december. S p break even is 2043. Almost 2044. Manufacturing data has been good. Low vix. Dovish fed, easing dollar. What else can go right or wrong . Usa today had a list of stocks up for the year. For the most part companies doing quite poorly. Caterpillar. The market industrials bottomed. Dover reported preannounced on monday. The stock went down a dollar. Its up five. Emerson, which broke out yesterday. I dont know if you saw emerson. The rally. What did emerson did . They put out a release the night before the rally. Up three. They said they felt the forecast was orders too be down minus 5 to minus 6, they changed that to minus 4 to 6, and it was up. Look at caterpillar yesterday, it was up. Caterpillar never got guided for the First Quarter. It was not really right that people cut that was just the analysts saying it. Here we have caterpillar rolling numbers for machines in latin america, down bad. People short caterpillar, thats what you do your Hedge Fund Managers say the world is falling apart, short caterpillar. The world is not falling apart. Look at oil. Look at freeport. That was the poster boy. Remember when you were worried about freeport . Im not not worried about freepo freeport. You were so worried. I was. I would put my head down on the pillow, oh, freeportment. Short interest back to 09 highs. Is this the time to reset if you have a short, bearish view . I think if youre theres a rolling bear market thats now in pharma. That money comes out of pharma, whats left of it. When will it come out . The point i made earlier, last year was a terrible year for hedge funds. We all know that. This year, now that were back to flat on the broader markets, hedge funds are still down without a doubt. And so many of them own so much healthcare. They own biotech. We talk about valeant. Did you see endo . These things trade together. Or celgene. Celgene. Thats a bear market that has taken a toll. I wonder what the hedge funds will look like this year versus they are down. Its ugly. They shorted adobe, sales force, linkedin, how stupid was that, that adobe conference call. A thing of beauty. Time for some fresh highs on adobe. Lets not forget what adobe did during that hideous week of tableau software. The stock was flying. Santana was santana, did you see the numbers for adobe, up 44 , 175 movies from the Sundance Film Festival used. That stock dropped like a stone off tableau. That stock fell tableau data went from 81 to 41, at the same time adobe went from 89 to 72. Gave up the year gain and now its back to a new high. Tableau software is never cloud. Larry ellison, youre cloud. I want larry to like me. Are you really concerned about that . Larry ellison. Yeah. You cant go to hawaii if he doesnt like you. Isnt he turning it into a Nature Preserve . Yeah, one of those islands. I went to a place he owned. That was in lenai. I didnt know he owned that. Thats pretty good. Thats like owns queens in brooklyn. Good buy. We all wish we owned a piece of hawaii. When we come back, jack dorsey taking his pitch to the today show to talk twitter. Well tell you what he told matt lauer, and a number of things to get to. A lot of Digital Media revenue. Look at the premarket. Dow is up 11. Going for six straight. Twitter Ceo Jack Dorsey marking the tenyear anniversary of twitter with an appearance on the today show. Listen to how he answered when asked what the biggest change in twitter was. I think how people use the service. It is the easiest way to see whats happening in the world right now. Live. It breaks news for so many people. A lot of people just use it to see whats breaking and whats new in the world. Matt lauer asked about whether twitter is dying, would the company be around in five years. Take a listen. Well be here on the 20th. On the 30th. Its a fundamental service. We have a lot of heart in the company, a lot of purpose. We understand what we are and what we stand for. We just see this amazing usage globally. Lauer even asked about the stock which bottomed out at 13. 91 in february. I think jacks right. They understand who they are. Its just that the no new people seem to want it. When i say no theres not a lot of onboarding. Its not like netflix. You call netflix customer service, we were talking about that, call amazon, theyll help you. Ive been after jack to do this forever, get customer service, have Concierge Service. The big problem with twitter is its frightening. Its frightening to figure out. If you actually have followers like i do. 3 30 this morning theres a guy who is like, listen, cramer, let me tell you what i think of you. Come on. You said some of them might still be drunk. I said i get up at 3 30. These guys are obviously drunk tweeting. Theres a guy drunk tweeting. Was st. Patricks day. Is there a name for that . Dreeting or something, drunk tweeting . I have a Concierge Service with twitter which is necessary given the fact that certain actions, police actions, so to speak. People have to recognize theres a problem with twitter fundamentally, older people are not sure how to get on it. Younger people are intimidated by it, they dont have customer service. They dont help the people who can create content theyre not helping. These guys are super guys. We know these guys. Facebook is on you. You do facebook. I had 25,000 people watch my Facebook Live piece. Facebook is in your face immediately talking about how to monetize what to do. Its like perry scope. Down perry periscope. Not to mention its almost like youre own apiu, all the metrics about who you have reached. Twitter is trying to do that. Lester holt is doing Facebook Live. Facebook is easier and friendlier. They have to like you. You have to like them. The people i send either cozy kittens to people who hate me. I got up this morning, i had to block the first ten people. Its not worth it. Its just not worth it. I candidly you stayed with it. Marc benioff, t had an import issue that i retweeted. I said listen, how dare you i thought you were a stock guy. You cant fight an antigay law. Im a stock guy, i cant care about gay and lesbians . Youre allowed to feel. Dorsey said he never blocked anyone. I know. He never said he hasnt muted anyone. I was always civil. I was always civil. We dont doubt that at all. Well get cramers mad dash, count down to the hoping bell. One more look at the premarket. A lot more squawk on the street this friday. Serena williams. Hi watson. You are a fierce competitor. Ive heard that. I have analysed your biggest matches. Oh really . When down a point, you serve an ace 5. 8 times more than other top players. You sound like a coach. I am not. But i can customize Training Programs based on biomarker data. Watson, thats pretty impressive. You might say i am the Serena Williams of cloudbased cognitive systems. Nah, i wouldnt go that far. Theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. Theno one surface. Out there. No one speed. No one way of driving on each and every road. But there is one car that can conquer them all. The mercedesbenz cclass. Five driving modes let you customize the steering, shift points, and suspension to fit the mood youre in. And the road youre on. The 2016 cclass. Lease the c300 for 399 a month at your local mercedesbenz dealer. We made it to friday. The mad dash time. We did make it to friday. Its not over yet. No. Just beginning. Seven minutes before the opening bill. We have time to talk about transcanada . Please, lets do. The papers ask why did they do this . Keystone was dead a long time ago. This is about, thank you rbn about this, their main asset, transcanada, a huge gas pipeline from alberta to the eastern part of the u. S. Thats what transcanadas big money thing has been. The marcellus and utica, all the natural gas from pennsylvania to ohio has made it so you dont need to ship natural gas from canada. Transcanada had to buy columbia to protect itself, because they dont have anything cooking anymore since that big pipe is gone. This is about marcellus and utca. The other big business transcanada has, they ship natural gas to mexico. Mexico used to be a giant producer of natural gas and oil. Now they have such a shortage canadians are sending it to them. This Natural Gas Market is so he in flux, its on fire. This is all natural gas related. Its not keystone, its not oil. Its not heavy sands, its about an alberta pipe we dont need anymore. Has the marcellus and utica coming into play affected other pipeli pipelines . Pipelines not being used as much. It had to be reversed. All those texas and louisiana pipelines going up to the northeast, theyre worthless. They have to reverse them to send the gas to cheniere in order to send it to brazil which has an incredible shortage because the hydroelectric power is one more thing not working in brazil because of the drought. Its a seven year biblical problem in brazil. Not to mention the political problems. Its almost as crazy as u. S. President ial politics. Almost. All right. We have the opening bell. Five minutes away. Hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Youre watching cnbc squawk on the street, live from the Financial Capital of the word. The opening bell in 90 seconds. Nine days left in q1. The dow is 1800 points above its low for the quarter and its on the cusp of its biggest quarterly comeback from a deficit since the 30s. 1933. Wow, thats amazing. 1937 is the year i was worried about when the fed got tight. We almost went back into a bad depression. We must stop talking about when january is bad so goes the year. Can we end it now . When january goes bad, so goes the great buying opportunity. Look at tech, what an opportunity. Look at verizon. Was verizon that hard . Have you seen your bill . I have. How bad . 185. Really . Includes a few people on there. These are annuity streams. Caterpillar. Walmart had an unbelievable quarter. Theyre not even doing well. I wanted to banish forever, in this notion as january goes so goes more people got out of the market at the low of january. No good. What do you say to those who argue the market is behaving like were at a High Water Mark now . I say look at eli lilly and pfizer and tell me that. Tell me that about bank of america, 800 million buyback just to offset tell me that how much is the financials in the drugs . A huge part of the s p. Theyre in bear market. Tell me about that at biomarin and gilead, all right . Micron. Yes. Torry burch ringing the bell here, celebrating womens history month. At the nasdaq, st. Baldricks foundati foundation celebrating its 16th anniversary. Have some retail to get to. Whether its tiffany or aeropostale today. What is that guy doing . I dont know. Tiffany is interesting. They cut numbers, cut numbers, then they did the number which is exactly what happens when you lit if you keep guiding down, eventually do you it. What happens in some of these situations is that they stick by the negatives. They still say its the strong dollar hurting them. Europe was amazing. I think europe is a comeback story. The s p is now up 0. 3 for the year. There it is. It was down so much. What were we down at our lows . 8 , 9 . Dow down 11 . The other day i said something positive about ibm. People looked at me like i had two heads. Ibm has come back in other times. Because you knew the dollar would be down 4 . Interesting, by the way, tiffany didnt even give you the actual they said here they didnt give you the real number numbers. Q1 earnings down 15 to 20. Street down 6. Comps were weak everywhere except japan. I know. The fact is they told you comps will be weak everywhere except japan. This time it is exactly what they said. The company is a bad forecaster. I got an email from twitter telling me to go back to the basics with twitter 101. Are they listening or is that twitter . I got that, too. Did you just get that . I got that. They need to learn from you, car carl. Something you said, are the caterpillars ahead of themselves . You need to stay oil stay above 40. Copper stay in bull mode. All of these co