Wind down. The ten year is still stuck around 2. 24. Opec is trying to deliver some more cuts at the meeting on thursday. Our road map begins with a major shakeup in the auto business. Ford firing ceo mark fields amid investor ease about the stock performance. Plus, middle east deal maker in chief President Trump is in israel this morning. This after signing a record arms deal with saudi arabia. Boeing, black stone and ge among the big winners. And the path to 1 trillion. Rbc saying that apple has the potential to become a trillion Dollar Company within 18 months. First up though, changes at ford, the automaker announced that mark fields is out as ceo and that fields has chosen to retire. Hell be replaced by jim hackett, the chairman of Ford Smart Mobility division. Hackett has developed a reputation as a turn around specialist. And shares of ford have fallen more than 35 . The company has scheduled a News Conference for 9 45 a. M. Eastern time. Being called a retirement, but we can read between the lines here. Yeah, mark was fired and i think mark was trying very hard to develop on all fronts. Autonomous car which gm is trying to do. Trying to stem losses was not fast enough for the family to deal with some of the problems in south america and then problems in europe. Didnt move as quickly as maybe they wanted in china. The stocks went from 17 down to 10. But i would say, geez, it wasnt a long time that he got a chance. And when you speak with mark or when i spoke with mark, i mean, typically what would happen is in the last quarter i really said, mark, id like to tell a story that would say that once you get the spending done in the second half, youll have pretty good numbers and he discouraged it entirely. You had a ceo who said, listen, well have a down year and dont tell us it wont be a down year. That is a very discouraging thing for a shareholder to hear. Yeah. You know whats interesting is the coverage of this led by the wall street journal which i believe broke the story. Seems focused on the underperformance. I dont want to use the word underperformance, but the lack of performance of the stock price and i think thats really interesting over such a short time period. Three years i mean, we could go through a list if we want to look at stocks of Companies Led by ceos whose stocks have not done well over three years. It would be a fairly long list of potential ceo firings that could take place. I understand that if you disagree with the ceo strategy or if the ceo has behaved in a certain manner that simply requires his exit from the company. But in this case, seemingly linking it so clearly to what they believe is the underperformance of the stock price. What are they basing that on . Tesla . How can you do that . Gm or the peer group i believe is down just as much if not more. So odd. Look, i want to defend mark here. I think mark was tasked with coming up with the Autonomous Car. And they had nothing. Okay . So he had i visited their i visited their Autonomous Car operation in silicon valley. If youre going to create your own, it is youre up again against youre up against alphabet. Which is impossible to go against. Was he competing with tesla . I mean, thats very unfair. Tesla had a great stock price. Does that mean that musk should be as the great leader in the group . No, gm has performed better gm did get out of some bad markets. When i would talk with mark fields and i talked with him quite regularly i said what are you doing in the markets that youre just getting killed . Gm fiat chrysler, that would be helpful. Or toyota. Next year would have been a better year. But they did they were talking about last week maybe partnering with waymo which is the alphabet business that has a very good Autonomous Car blueprint. But geez, to give the guy the heaveho after i thought that the goal was to try to take the profits and spend as much as you can. You have a good yield, but i do think that he was browbeaten about how the stock doing. More than a year. Would have been hard to talk your way into any other direction. As for hackett, if youre being to admit and acknowledge that were headed into the new chapter in mobility literally this is an interesting choice. Turned around the university of michigans Athletic Department, at steelcase, managed to see how the office is changing over the 90s. Thats a flat line stock. If stocks matter, then thats not a criteria. This fellow, i know he did some good things about what hes been doing at ford, turning around the athletic program. I dont know, i think harbaugh played a role too. He was already leading the effort obviously on autonomy at ford. This clearly elevates that effort i guess. Well replacing a 56yearold ceo with a 62yearold ceo whos apparently the guy whos looking more towards the future. Need a good cabinet maker . You can always use a good cabinet maker. Those are hard to come by, jim. Steelcase survived. Steelcase did survive, it did survive by moving a lot of the business to mexico. Mark fields spent a lot of time under the gun of President Trump. Should fields have been more professional . Should he have been a rahrah guy . Is that the lesson here . Dont tell the truth . No. The last call i had with him, i just said, listen, you have the f150 which is the aluminum f150. You spend all this money on Autonomous Cars and hes like, jim, jim, listen to me. Down year. Down year. Down year. Well, you know, maybe the family was not willing to accept that down year. What do you make of david mentions churn in executives in manufacturing. Claus, fields, something going on there. Well, oeber hellmann got the shaft. Arconic, that was an ill fated ill advised letter he sent. Weird. I dont know if you can connect all three. But i think the thing you could do with fields, he was doing his damn test. And nobody can do all these things, and i think that ford is largely domestic. When you speak with ford about what theyre doing in europe, nothing moves the needle other than domestic. Domestic is peak auto. If you give him the heaveho i bet you hackett when i saw that jim hackett was put, anadarko wrong hackett. I like jim hackett from anadarko, hes very good. But steelcase, he must have been friends of the family because if you look at the share price of steelcase that thing has been about as animated as a real bite. Steelcase cabinet. You know . Like maybe they should have picked somebody from herman miller. Herman miller, that is a good chair. Very interesting the board made a decision to move in this direction based on the underperformance of the stock and it does, again, i think beg that question. If other boards are starting to look at three year performance wow. Was someone knocking on the door . When the industry is coming off the best time ever, it will i dont know. We can think of names im sure that have longer underperformance. Much more significance based on a longer history of poor decisions where perhaps the ceo deserves to go. Theres plenty i can come up with. When you get the president over to saudi arabia, you get some big orders from boeing and Lockheed Martin and raytheon and General Dynamics. He did not come back with a big order for ford. 300 billion in transactions and investments out of the saudis. And jims list is correct. Dow and exxon mobil and ge and now hes in israel. He meets with netanyahu today. Visiting the western wall and bethlehem tomorrow. Was last wednesdays selloff a one hit wonder . Im beginning to think it was. Im once you have a special prosecutor like mueller, it is difficult i mean, Washington Post tried to they broke another story about russian contacts and someone in the but you have mueller. He has some subpoena power. So if there is to find out, its not leaks anymore. It will be a subpoena and i think that therefore a lot of this stuff that the drizzle out is going to kind of be done because we all got tired of that russian story. Lets bring on the next story. Were tired of it. We have a special prosecutor. Well get to the bottom of it. It could be fires. We have comey testimony coming up. It will be fiery. I dont know. In terms of just like the president and that one day, its almost like we set off the algorithms. We have a good piece about algorithms. About the depends on who you talk to, but the volume generated by quantss is roughly equal what do you think about black stone i mean youre talking about the saudis investing getting off the wrong foot on the Strike Fighter and then did okay. Remember he made he had to give a little bit with the air force one and now he did okay. Black stone responded very positively to that. Good to have the meeting withes the president. You get everything going through. You get the mojo. Whats interesting is the saudis themselves are expending enormous sums to try to transform their own economy over the next 15 lets call it years. Not to mention theyre going to be at least at this point still taking public their one main asset, saudi aramco within the next year. Right, could be a 2 trillion company depending on how you want to value it. It is like taking a country public. Wilfred frost to his credit at 5 00 brought out the question of if youre in one of these if youre in a committee that helps with the president , you have done well. Just pointed out except for fields. Except for fields. Wow. He was in every one of the shots. Man he was living at the white house. So was mary barros. What are you implying . Every time wed go there, there was fields. Plenty of time on his hands now. Its hit or miss. Maybe some retailers need to be in there. Well talk about barrons had an interesting take on retail over the weekend. As regards to the studies though, we have the reports that the Saudi Energy Minister is flying to baghdad now to try to save the cuts. The iraqis want six months, the saudis want nine months extension. Is that why oil is trying to get to 51 . Yeah. What the saudis should do, fly to the permian and speak to some of the permian producers about shutting down. Because theyre just pumping and pumping and pumping. And theyre making up for everybody. You really need nigeria to shut down, because libya is pumping. But its the United States thats the swing. That doesnt work, the saudis dont come here. I dont think trump who has been over and over again wanting to break up opec. I dont think he made any yeah, well cut back. Thats not going to happen. Especially with the epa cutbacks. Wow. Budget tomorrow. A lot of cutbacks in regulatory and medicaid. Giving states some broad powers to limit benefits. Things are happening very fast. Really fast now. A busy week. One firm note, laying out the path for apple to reach 1 trillion in market cap. For now the dow is down 0. 7 and the nasdaq is two points from break even for the month. Back in a moment. Hey gary, what are you doing . Oh hey john, im connecting our brains so we can share our amazing trading knowledge. Thats a great idea, but why dont you just go to thinkorswims chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders . I know. Your brain told my brain before you told my face. Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at td ameritrade. Usaa gives me the and the security just like the marines did. The process through usaa is so effortless, that you feel like youre a part of the family. I love that i can pass the membership to my children. Were the williams family, and were usaa members for life. You realize the smartest investing idea, isnt just what you invest in, but who you invest with. Apples up in the premarket. Rbc raising the price target to 168 from 157 says apple has the potential to achieve 1 trillion in market cap but even surpassed that level over the next 12 to 18 months. Rbc says it sees upside from the iphone 8, services business, buy backs. It all adds up to 1 trillion. This is where you get the Consumer Products angle. This is a Consumer Products company with a great revenue stream. This is Warren Buffett framing the story as more of a gillette razor blade story than it is a story about cloud and social and mobile. And as soon as you take it away from the cloud social mobile you have a cheaper stock than colgate or a proctor. Thats kind of the narrative thats driving this stock. I do think that next cycle is going to be a big one. Because the surveys continue to indicate theres a lot of move from the five and the six to the 8. I know that the 8 has features that people are guessing on. Kind of an interesting, better feel. A lot of people feel by the way youll need it in order to be able to fly if they take you laptop away. You want to watch things, youre going to need your 8 plus. Right. I mean, over 18 months were not talking about that crazy assumption here in terms of how much the stock will go up. Its 20 something percent to get there from here. Thats a trillion. The saudis could have a trillion dollar deal and apple versus saudi arabia. That is 1 trillion. When saudi aramco becomes public, it will be larger than apple. Even by the more modest estimates. But the 1,000 phone is being heard about. That will be on verizons shoulders and at ts shoulders. I dont know. We cant afford the public cant afford 1,000 phone. Heavily subsidized. You pay for it in the equipment and the installment plans over a long period of time. You hope that one of the carriers says, hey, look, we have the apple phone. Well give you some sort of deal. Meanwhile, related note today out of jpm, upping qualcomm to overweight. This is one ill tell you this is right. We featured it last week on mad money on tuesday, saying this is about to break out. I believe that qualcomm, theyre talking about the nxp deal, my Charitable Trust owns nxp. Thats going to make it so that theyre getting away from phones so they wont be as constrained. I dont know when the deal will close. I dont get a close that it will close as soon as i read that analyst report. Couple of things. Qualcomm versus apple what a battle that is. Wow. Really heated and quite notable. Nasty. Nasty. Interestingly theyre both investors in the vision fund. Softbanks vision fund. Qualcomm and apple. The only time you would see them together, but theyre at each other. As for nxpi, guys, i wonder to wonder if youre not going to see a concerted effort led by one of the high profile investors saying were not going to tender at 110. Thats the price they need under dutch law. They might go as low as 70 . But thats unclear. And they have got to be at least wondering if theyre going to face some resistance. Given nxpi has performed so well. Right. Theres a belief amongst the Investor Base that the downside would not be significant were the deal to break. Before we go to the middle east, nxpi theres a persistent call buying at the 110 level every single day. That stock that deal goes out at 110. Whos buying the 110 calls . Its not a buy right, but trying to buy every single 100 i think its interesting talking about nxpi watching that shot at the western wall. The president. Thats our existence right now. Trying to bridge ongoing business with whats happening around the world. Yeah. Nxpi is probably not as important as that. The president at the western wall. Having flown from riyadh to israel in the first ever flight between those two countries as far as we know. Yeah. They do not have diplomatic relations. I would like to say that goes the other way. Netanyahu this morning tweeting perhaps one day there will be a diplomatic flight the other way. The other direction. Anything is possible. They have mutual areas of cooperation. You have to go to egypt and then fly to egypt, to jordan. Yes. Yeah. Of course the president still has a busy week. He moves on to the vatican, brussels, sicily, all by saturday. And this monumental first foreign trip. Its interesting that the papers are talking about that and not about russia. Which well see how the market acts without the overview of russia. Well count down to the opening bell in a minute. Get cramers mad dash. Well talk more about ford as fields is out. More squawk on the street in a minute. My business was built with passion. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. With it, i earn unlimited 2 cash back on all of my purchasing. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Which adds fuel to my bottom line. Whats in your wallet . Time for a mad dash here as we get ready to start trading on monday. I want to talk a little amgen. Disappointing news. Snake bit company right now. Such a good company as it is. But they had a slipup on the osteoporosis drug. Looks like there was some hard events which means it will be shelved at least for this year. Who knows. Credit suisse said its off the table. Clear radiant has a good drug. I know its been this is when people get excited about a new drug and then it gets approved. Nobody cares. But a lot of people feel this is more of a takeover target right now. That their drug osteoporosis is a very big market. Up against the other ones that are good. But this is one that people say, you know what if i can own this one, i could have a suite of drugs that got some other things in the pipeline. Amgen, wow. You have done some research. And 800 million in sales, 32 cents a share. Kind of comes in line with where he saw 3 to 4 down side. Look if their anticholesterol franchise gets endorsed, over the long term i can cut heart attacks, this Company Going to be great to own. It does have a patent and it has a good yield. It has a lot of money overseas but we cant you know, its tough to talk about money overseas when theres no real momentum right now for tax reform. Largest when you measure its a market cap versus cash flow, the largest amount. All right, we have a lot of other stocks to watch. Of course well come back to ford as well. The surprising firing of its ceo. The opening bell is minutes away. About your brokerage fees. Fees . What did you have in mind . I dont know. 4. 95 per trade . Uhhh. And i was wondering if your brokerage offers some sort of guarantee . Guarantee . Where we can get our fees and commissions back if were not happy. So can you offer me what schwab is offering . Whats with all the questions . Ask your broker if theyre offering 4. 95 online equity trades and a satisfaction guarantee. If you dont like their answer, ask again at schwab. Its been