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CNBC
Aug 19, 2009 12:00pm EDT
impact right now. we were down overnight when it came to the china worries, up a bit when we were into those numbers, and spiked based a little bit and up even further. look at the numbers now, pisani mentioned it. we had a drawdown of $8 million, and expected a bill of at least a million. that is the key one right there. the other two really honestly, secondary right now. the rest of the complex, a little bit of a mixed picture. i want to point out that nat gas trying to break a nine-day losing streak. ask bill, i want to point out, many traders who i have a lot of respect for saying to me, you know what, oil could have turned around the he could market today, because you have seen the strength there. and we went up after the numbers and paused and went up again after the equity market started to up trend once again. >> it has happened before, brian, where the energy prices go, the commodity prices moving higher, as well. it takes some of the commodity-based stocks with them and that seems to be what is leading this market right now. thank you, brian. let's talk about this resili
CNBC
Jul 14, 2009 12:00pm EDT
making a good push toward alternative energy, and china wants a big part of the action. the question is, will protectionism push the u.s. aside and make china the power player for renewable energy? we have a first on cnbc interview with the chair woman of jpmorgan china equities and here is what else is on the power lunch menu. >> goldman sachs just finishing up its second quarter conference call, the company's cfo saying after big capital raises by banks last quarter, a lot more companies need to fix their balance sheets, and we could see a lot of equity issuance through the rest of the year. >> i'm scott cohn in butner, north carolina. bernie madoff was accompanied to pensions, penthouses and villas. now he is making his home here, a tiny cell that may be his home for the rest of his life. >>> i'm jim goldman in cnbc's silicon valley bureau. better than 85% of intel's s business comes from overseas customers. shares are up almost 40% since march with some analysts believing this stock still has time to run. it will prove that point or send investors running. a preview coming up. >>> l
CNBC
Sep 22, 2009 12:00pm EDT
. you're talking about china and india, they would not be held to the same standards. why can't america look at nuclear energy as a viable alternative. france has nearly 80% of their needs meet through clear power. >> mark, are we going to put ourselves at a disadvantage to india and china if we impose costs? >> absolutely not because america has to show leadership in the marketplace. of course those growing economies are going to find ways to leap ahead. that's what they're about. >> maybe it shows a leadership position, but that doesn't exclude the possibility that it makes companies less competit e competitive. >> by america leading and planning for things, ron talks about nuclear. that's a decade away. we have to deal with fossil fuels now. >> guys, good discussion. >> pleasure. >>> facebook. it's up to 300 million users. teaming up with nielsen, the ratings guys. get the latest from facebook's ceo. >>> and in just a couple of minutes, the president meets with china's leader. is it time to get tough or get real when it comes to trade with china? you're watching "power lunch"
CNBC
Dec 31, 2009 12:00pm EST
commodities will shine next year. >> we'll tell you about the three big issues that could derail china's economy in 2010. >>> but coming up next "the fast money halftime report." >>> welcome to "the fast money halftime report," we're getting the heart of the action as it's happening. the bulls are taking a leave as the markets trade to the down side, but there are pockets of strength that could make you money. let's get the word on the street. here's the fast-money crew. brian kelly of conundrum capital and kelly of mkm partners and steve cortes of vera krouz. i think the important thing here is a little bit of trouble here with the s&p around that 1120, 1130 level. we haven't been going anywhere much in the last week or so. >> yes, you know, bob. we have to say the market was secretary this year. it was a thorough bred and it seemed like it would limp into the close today. >> 1120 to 1130, is there any chance that we might be able to break out of that and that's been the pattern all year. we move sideways for a little while and we could be up to 1130, 1132 very quickly. >> we sure could
CNBC
Nov 25, 2009 12:00pm EST
business journal says the company's trying to ramp up production from 30 thours a day in china to 200,000 a day. i've been trying to get the ceo on, but he is out of the country for obvious reasons, but if you find one, buy it. resell it on ebay. bill, that's something you could do friday. >> she saw somebody on ebay was selling a case of them, 100 of them, for $4500. she said, are you kidding me? that's way too much. >> they're $9. msrp. so 45 bucks a -- wow. >> that is this year's beanie baby. >> for an electronic rodent. >> you don't have to clean up after it. >> that's true. >> see you. >>> we've been asking you to send in your suggestions what bill should do on his year off day. this is his last day for the year. sue and i are trying very hard to told it together. first one we got. first one. start a hedge fund. >> i'm not doing it, ron. i'm sorry. >> nick says, start playing online poker. what amazing me is we had tons of people saying you should play online poker. >> really? >> and they watch you while they play. >> mark says, travel around the world a couple of times. >> l
CNBC
Dec 2, 2009 12:00pm EST
picking up. asia, canada, china, et cetera, are on fire. then prices could go up around the world and gold could go up as well, then the economy doesn't fall off a cliff. >> thanks very much. >> david, thank you very much. >>> let's go to sue at bloomingdale's. >> thank you very much. when we come back, we're going to take the pulse of the retail economy with the ceo and also, the chairman of estee lauder. all that when we come back as "power lunch" continues. >> i get washington, d.c. >> nice hotel in washington. losses in america, but there is a silver lining. >>> plus, fritz henderson losing control at the wheel. >>> and get ready for the "fast money halftime report." back in two minutes. boss: ah! thank goodness you're back. gecko: what's going on, sir? boss: we're slammed. tons of people interested in all the money they could be saving by switching to geico.. gecko: yeah, 'course. boss: boy, did we miss you last week. that temp wasn't working out at all. exec: took me all morning but i got those quarterly figures for ... you. (hissing noise, gulping) gecko: aw, he ate all my mints. an
CNBC
Dec 10, 2009 12:00pm EST
about, the consumer is one. credit is another. china is on your list as well. but also commodities and it all kind of play in together. but the consumer seems to be more resilient than people thought they would be this time around. >> what i would say is it's not so much there is a list of concerns but those are three, four things we'll keep an eye on in where we're headed. >> and where to invest. >> where to invest, absolutely. that's the investment idea is a derivative of those overhangs. the consumer's huge. we have had a huge shift in terms of consumer behaviobehavi. all of the leverage taken out. the consumer in the u.s. is a enormous part of gdp. where do you get growth? reality is that is that is a consumer on a global level, something we've never seen in numbers and speed of development. there's a shift -- >> which leads you to china. front page of the business section of "the new york times" was a gentleman in china hugging an escalade. they are consuming on a level that no one ever thought they would. >> absolutely. >> it wasn't tiger woods, was it? >> no, it was not. no,
CNBC
Jul 15, 2009 12:00pm EDT
, but not just techs, sue, because we have a weak dollar here, and strengthen china with the shanghai index at a 52-week high so the commodity stocks are moving, as well. we have 4, 5, 6% increases in caterpillar, in freeport, u.s. steel and alcoa. bottom line is, 8-1 advancing to declining stocks.. first it's over at the nasdaq.. you know, bertha, we are also having good moves up in the nasdaq, as well. we're approaching the june highs. >> yeah, and that is all thanks to intel, which at this point is at at a 9 1/2 month high, moving the big cap sector and moving the pc universe. we'll see if google can -- one trader was worried about google's earnings thursday. the intel's chips moving forward, best performers of the day. the worst performers so far are the haulers, the truckers. j.b. hunt says pricing is still a big problem did he say the pit the fact that fuel has come down. roth has been hitting it out of the park and rilely automotive, people continue to fix their cars and hold on longer. >> thank you very much. the buying was kind of muted after that eia data came through, but w
CNBC
Aug 3, 2009 12:00pm EDT
manufacturing data, starting out in china, really strong numbers for the fourth straight number and the euros and then here this morning. and boy that recovery trade is on strong.. you take a look over the last n few months. things were moving okay when it came to the cyclicals, the consumers, the more defensive consumer stocks but over the last month or so, we've seen those early cycle cyclicals really outperform, ford definitely leading the charts today with the better numbers coming up for the july sales, but we're also seeing the railroads doing well and the metals and miners are on fire again with those strong tmi numbers coming out of china overnight. the consumer stocks are the drag. clorox and tysons are lower. but that prop line still looks kind of cloudy. also the fact that the commodity prices are moving higher, energy prices moving high, that doesn't help them either.. the consumer is still the big issue here. we do have a number of brokerages upgrading retail stocks ahead of retail numbers on thursday.. but there's still a lot of caution about the consumer and of course
CNBC
Sep 1, 2009 12:00pm EDT
necessary and the other issue i'd like you to address is the increasing talk that we need china to perform well and it's stock market to perform well if we are to do the same. what do you think? >> let me start with the china issue. our global strategist rob buckland put out a report last week saying don't look at china look at what's going on in your own economy. i think he's right. there's a tendency to look abroad for that kind of guidance, but the reality is we need to see our domestic economy doing better. china could boom and we're not going to get a toon of economic growth necessarily. i think the issued around the dollar are important. our lead indicators on volatility have been continuing to come down and suggesting that we're going to see this volatility numbers of the vix continue to ease. now, that's probably not popular right this second given what's going on in the markets, but what tends to happen also is the dollar has a correlation to that volume pit. when there's greater volatility, the dollar tends to strengthen as a safe haven, and, yes, risk assets in the commo
CNBC
Oct 1, 2009 12:00pm EDT
ceo of red. >> how do you keep that charity hot? and also communist china, speaking of red, celebrating a 60th anniversary. is the economic experiment working? you bet it is. we'll have a round table discussion. !d!d!d!d!d!d!d!d!d!dd >>> welcome back to "power lunch." i'm david faber. breaking news now for you involving our parent company, ge. ge and comcast are in talks about a deal with ge would spin off its nbc universal unit into a new company. the deal under consideration would allow comcast to take 51% economic control of nbc universal through its contributions of content asset such as the e channel, the golf channel, and the group of regional sports networks and the contribution of as much as $7 billion in cash to the new company. the prospected deal is complex and is far from a certainty. under the scenario being contemplated ge would spin nbc universal aloveng withng with a significant amount of debt into a new company. comcast would merge content assets it values at as much as $6 billion along with cash so it would take a 51% ownership stake. ge would control 49%.
CNBC
Nov 30, 2009 12:00pm EST
shine through. so i would be looking towards brazil, china, certainly india. all of those countries are representing good growth stories longer term. >> there's two schools of thought. one is that emerging europe is the next shoe to drop. the other is that emerging europe will really come through this unscathed. >> i expect that emerging europe will probably come through this fairly well. they've already had their extreme stress test earlier this year. and i expect that the imf's backing of hungary in the region will see them through the day. i expect other soft spots. >> such as? >> certainly fiscal problems around greece and italy. i think a lot of focus will be paid to those over the coming months. >> thank you, nick. appreciate it very much. >>> a lot of talk this past weekend about greece and the troubles in the economy and that they have -- the recession has hit them later, deeper. >> they took on so much debt. >> you were there for the olympics. all the infrastructure building that went on. >> they finally got a highway. >> at what cost? >>> still ahead on cnbc, if you are thinki
CNBC
Oct 28, 2009 12:00pm EDT
china. i think there's a possibility you see a surprise here. this china demand could be real. i was looking at mt. they came out with earnings and i think it's a buying opportunity. you could see real surprises on the earnings side. >> if there is demand for the coal out of china, is it an area that could be an opportunity today? >> i have to add in terms of short-term, yes. in all these names we're seeing put selling in nucor as well. if you're a short-term trader, there are some long opportunities there. >> i want to get to the idea of coal names. are you seeing interest in coal names today? >> yeah, there have been a lot of interest,yeah, but again eve going in with trepidation because they're in and out of a lot of these names. they're taking any bump. they've sold off a bit even with good earnings. traders are actually being very nimble in this market. >>> let's move on it the tech trade. tech trade in trouble for a third day in a row. nasdaq leading today's drop. index is now negative for october, something it has not done since march of this year. jared, we have been leaning
CNBC
Nov 19, 2009 12:45pm EST
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CNBC
Aug 7, 2009 12:00pm EDT
you that china is ordering up from cisco. you speak to the united technologies and caterpillar, they are increasing manufacturing because of china's stimulus and not because of theus congressional stimulus. they have massive lay offs in many, many states. you can't look at the construction stimulus and you have to look at the whole package and that package in conjunction with bernanke is done and the obviously actions and all of the actions by the government to try to stave off a complete economic collapse. the united states has obviously i think had a coordinated effect with what china may have done and europe has done. you have to look at the actions together, not separately. >> economists are saying the companies overdid it with the layoffs as we have seen. they were preparing for a 10 earthquake and we got a 5 magnitude instead. >> that's right. so many so-called experts warn that we were going to the great depression. and i in fact would blame george w bush. we had to pass the stimulus plans. >> for looked bleak back then. >> for did. i think companies did slash payrolls quickly
CNBC
Oct 8, 2009 12:00pm EDT
hasn't got that. japan isn't allowed to have that. that leaves us and china, right? >> right. but think about how horrible of a statement that is. that the dollar is a safe haven when the world is a dangerous place. maybe geopolitics gets hot. certainly we have the best army and the best military, but void of anything catastrophic, the underpinnings of the dollar coming from washington are just deplorable and it makes every american's share in the cost of the bailout program because it's the printing to pay for those that's diluting the one -- >> it does give moral hazard to the u.s. government to keep printing because we're the only country in the world, think how lucky we are, everything goes to hell in a hand basket, and people run to our currency. our interest rates go down whereas in most countries in the world, their interest rates skyrocket. >> i think part of that is there's no other strong alternative. >> for now. >> i always want to add when i hear congressmen and i hear others say where else are they going to go or we have the greatest currency, so far. >> that's exactly what
CNBC
Sep 18, 2009 12:00pm EDT
bit. >> jack, with this meeting coming up, the president is going to be meeting with heads of china, of russia, what kind of movement will we see in treasuries, particularly as it pertains to the conversations with china. i know they'll be dealing with trade issues. how is the debt market going to handle it? >> i think the debt market is probably going to be more keyed on what comes out of the fed than what comes out of the g-20 or these discussions. remember, we've already seen past presidents actually get into these tiffs with china. we have seen the action taken with the import on the tires. >> and chie chicken. >> the fed is probably more important. and more important are going to be the housing numbers, existing and new home sales which could drive the long end of the curve. >> thank you, gentlemen, very much. appreciate it. which brings us to -- >> a perfect weg say. >> our discussion about chicken feet. >> they weren't criticizing about the chicken feet per se. >> it's an important business story. >> i have writ ten an response n cnbc. >> i know we're doing this to empty calo
CNBC
Dec 29, 2009 12:00pm EST
, russia, china, speculating in ipos became a new sport, book ended by do until 2004 and the biggest us ipo visa. while the decade has been exciting for the average investor the standout feature has been the death of buy and hold investing despite a substantial rally in the second half of 2090, this will be the first time in history the s&p 500 has closed down over a whole decade. >> bob pisani reporting there. this thursday, one-hour special, ten years in the making, everything from tech to corporate crime. best and worst deals of the decade, autos and housing, thursday new year's eve at 8:00 p.m. eastern. >> so we know goldman sachs is going to give their top 30 guys or women only stock but now morgan stanley is also going to be revamping their pay plan, apparently 25% of the compensation is going to be just in cash and rest is going to be in deferred stock as they respond to all of the jawboning coming out of washington when it comes to pay packages. >> 65% is going to be in money clawed back, delayed, but clawed back later, potentially if there's losses. >> yes. >> 20% of total comp
CNBC
Sep 21, 2009 12:00pm EDT
fact that china was ramping up its energy demand. it's softening. reporting last month china's oil demand was down 5%. also, china's biggest refiner saying that diesel demand is off. nat gas, which rallied last week on a technical rally and short covering 9% on friday is the best performer. we're watching gold. we're looking at the close. gold has closed above $1,000 for six straight sessions. we'll see if it can make it seven. it's come off the lows. >> bertha, they're also watching that in the bond pitts in chicago, and they're watching the dollar, which you mentioned, as you look at the yield on treasuries, we have, of course, the fed meeting this week. in addition to that we have the g-20 where they're going it talk about a variety of things. it's not expected to have too much market impact with the exception of the fact they're going to be talking about executive bonuses, which could roil the markets a little bit. the dollar index right now up about half a percent on the trading session. markets been able to absorb supply in the last couple weeks pretty well. they're expecting
CNBC
Aug 28, 2009 12:00pm EDT
and i bought apple. i think you have to own it because of the entry into china. how many people are going to touch. if they can take 1% to 2% it's $2 billion in revenue. palm is up 3%. you have to wonder. we talked about it on the desk and dell has the cash to take out palm. the difficulty is that the technicals make it tough to trade. >> i will see you tonight. >> see you tonight, melissa. >> an analyst and the did she for trash could leave many empty-handed. "power lunch" has the read on real estate. i should say back that up. state of the consumer. an indicator making a come back. it has been a long vacation. >> not long enough for me. >> outlook for tech on the back of intel and dell. fall real estate outlook and the lobster industry at a boiling point. wait until you hear what you can get for lobsters. good for the consumer and terrible for the lobster men. seeing sales up 15%, but told the "wall street journal" we will see a hangover effect follow the end for the cash for clunkers program. tiffany's shares after the retailer beat estimates and raised forecast. in california, i
CNBC
Oct 13, 2009 12:00pm EDT
. >> and he is still worshipped in china. >> i look for correction on behalf of adolf hitler and osama bin laden. >> he was looking for reparations of $300,000. >> you just wonder what evidence he put forward in support of his grandfather. >> i have no idea. >> still ahead, turning green into green. the chairman of three powerful companies, dupont, royal dutch shell and duke energy, we tell you going green is good for the bottom line. plus, wine makers are whining, wine lovers are partying. we'll tell who you is losing money because prices for wine are collapsing. >>> up next, speaking of wine, melissa and the gang with the fast money halftime report. that's at the top of the hour. for a smarter way to trade online. only fidelity lets you back-test your strategies against an entire portfolio of stocks. plus you'll get advanced, customizable trading platforms. and you get the kind of execution you'd expect from fidelity... ...with a dedicated specialist to talk about even your most complex trades. they'll even help expedite the account transfer process. trade like a pro. trade with fide
CNBC
Oct 19, 2009 12:00pm EDT
devaluation or even with china, for example, keeping its -- >> you promise you're going to come home? you're in probably one of the most beautiful stops in the world. >> reporter: my next stop is going to be boston. we'll be at the boston fed conference where there's so much to talk about with this financial crisis, and so much policy in motion. i do have to get on a place and go some place maybe not quite as nice as this time of year. >> then sheboygan. >> i have relatives from sh sheboygan. >>> are they declaring war on hedges? is that good for investors. >>> coming up at 12:45 p.m. eastern time, the fast money half-time report. >> i don't know if you have your intraday charts up. we're seeing a mini intraday reversal in rally among some of the tech bell weather out there. our traders will take their position on that. also tell you what the options market is pricing in in terms of apple's stock move. >>> oil is heading higher. we'll hit the charts, tell you what the next stop is. it is higher. we'll tell you how high.  >>> welcome back. we're almost halfway through the trad
CNBC
Aug 11, 2009 12:00pm EDT
in china. >> and speaking of stimulus, what about brian, this big auction today, and all these huge auctions this week? how is this ten-year going to go, this 30-year later in the week. is there concerns about whether or not the government can borrow that much money? >> exactly. today's auction is a three-year auction, it can sell 2s and buy 3s, only $2 billioner than the last one. that's no problem. the problem is tomorrow, the ten-year auction is right before the fed announcement. the fed probably won't change rates, but they might say something, and is this is a big might. they might say something about whether they're still going to buy treasury bonds or mortgage bonds and agency bonds. so is the quantitative easing program still on. if the fed starts backing away from buying treasuries, that will raise rates, because they have been the gorilla in the room buying treasuries. so that's also going to hurt the stock market. >> before we go, if we're replenishing inventories to rebuild this economy, what are you buying here? >> well, we've been pushing technology, especially the cor
CNBC
Dec 18, 2009 12:00pm EST
curl eaves, is he going to leave? he's been in china and my goal was to have all of the senior managers stay and they're a talented team and they're great people and as a team, we'll do it together. no ceo of a company this size can do it on their own. i need the team and the team needs to work together to make this a great company. >> who will run the consumer business? we haven't made determinations of anything other than yesterday's determination and i'm still absorbing that. >> as for as the consumer business and really the brand and the franchise of bank of america. it's been bruised, an image issue the way the entire financial services industry has been bruised and how do you regain the trust of the customer today? what are you, wog on in terms of brand? >> i think the backup, our industry has been bruised in the minds of the consumer largely because of the coalescence of things that were going and how pricing was working and the amount of free stuff we gave away and the pricing we did to make up for it and then we ran into the economy and things happened. so our job is t
CNBC
Dec 7, 2009 12:00pm EST
where the strength. research in motion up 2.7%. reports out of china, a distribution agreement for the blackberry. yahoo up 1.8%. laggers, apple down 1.3% and develop down 1.1%. brocade upgrade. oppenheimer, 4.3%. barclays upgrading j.a. and sun power to outperform. 8.4%. talking about energy. talk about metals. sharon epperson, busy woman at the nynex. >> we are seeing a commodities correction here. we are looking at gold prices that are down some $80 from that all-time high reached thursday. $1225 an ounce. some say look what happened to the dollar. but today the dollar index as scott mentioned is a little bit weaker and we are continuing to see gold and oil sell off. in the case of oil, part of it may be due to the fact we have such hey inventories here of gold in this country. surplus is 6% above where it was a year ago. you can see that playing out in the curve, spread between january and march which is blown out in the last couple of days. natural gas, well, that's the other side of this market. we are looking at natural gas prices rallying about 7%. energy department says th
CNBC
Oct 14, 2009 12:00pm EDT
market. >> with all the growth in china, the infrastructure building happening. >>> walmart is intentering the wireless business, offering no contract, prepaid plans. it's an exclusive service developed with track phone wireless. customers get 1,000 minutes, 1,000 texts for $30 a month. you can also get unlimited minutes and texts for $45. shares of walmart are lower right now. it makes sense for them to team up with carlos. that is how wireless dominates actually, in latin america. most of the world actually does it prepaid. >> if this catches on big, i want to see what happens to major wireless carriers, if it hurts their growth at the bottom of the market. >>> let's get ford, they're revving up the strategy. they're looki ining to get the attention of web savvy youngsters. phil lebeau joins us from chicago with more. >> this is all about creating buzz for the next big vehicle coming from ford. that's the fiesta. how is ford doing it? well, it has hundreds of people around the country, who have been driving the vehicle for the last 12 months. including this young man from chi
CNBC
Oct 9, 2009 12:00pm EDT
currencies particularly in asia and china, it's overvalued and looks to me like a one-way trade and that's why we had asian central banks intervening the other day. >> the impression i get from your article is that the white house doesn't mind or actually like the dollar declining. did i read it wrong? >> there's a couple things that you have to look at. on the one hand the treasury has to say that it is for a strong dollar because what it doesn't want is a precipitous decline. it wants an orderly market. we need a global rebalancing. we need the u.s. economy rebalanced less dependent on domestic consumption and more dependent on exports. the fastest way to get there is through a weaker currency. they stay they're for a strong dollar but if you look at their objectives, it points to a weaker currency. we could have a whole other discussion about what could they do to achieve that and i think that's a different story. >> what are the chances that chinese government, japanese government which have so much assets in u.s. dollar, chinese with 1.7 trillion in u.s. orientated assets, mayb
CNBC
Oct 16, 2009 12:00pm EDT
. cric, china real estate information corporation. the stock opened at 12. it's a successful ipo, although many of the ipos we have seen of late have not gone well, but this one apparently has. let's go to sharon at the nymex. >> oil prices positive for the year, over $77 a barrel know but down slightly on the day. overnight -- over $78 a barrel, fresh 2009 high. but are oil prices ready to take a little bit of a pause here? we have seen a decline this week of about 7%, and in fact we're poised to have the biggest weekly gain for crude oil prices we have seen in two weeks' time. what has helped to lead prices higher? of course, it's been the decline in the dollar, rise of the euro. but also the rise in products, in heating oil and gasoline this week. up 8% or 9%. that is also contributing to oil gains. we will see if we continue toward that $80 mark in the week ahead. rick santelli, to you in chicago. >> thank you very much, sharon. we continue to monitor the ten-year note against 350. ly give you a couple good reasons why in a minute. look at the one-week chart. we're only three
CNBC
Dec 24, 2009 12:00pm EST
industry. >> reporter: the defining sporting event -- 2008 olympics in china. as michael phelps set the record with eight gold medals, including his 100 meter butterfly win with a hundredth of the second. we have also had our share of misses. like the spalding composite basketball which only lasted a couple of months in the 2006-'07 season after players complained it cut their hands and fingers. that was a small deal. which can't be said of adidas' buying of reebok for $3.8 in august 2005. the goal was for the conglomerate to become a legitimate challenger to nike. it actually made both brands weaker. >> when adidas bought reebok, adidas at so 10 percent. >> reporter: in the could have been worse category, baseball's performance enhancing drug scandal that took down the sport's biggest names. while it was a black eye for the sport it didn't seem to hurt the business of baseball much. what will happen in the future? besides brett favre retiring and unretiring for ten more years and more advertise on jerseys? one of the surest bets the league's fate to get fans in the stands instead of at
CNBC
Aug 10, 2009 12:00pm EDT
our fund. again, we tend to take a longer profile in terms of where we think. china as we said earlier is not going away. they are using real money. they are not going to continue to be thorrer. >> we have breaking news. >> what do you have, phil? >> i am standing by live with bob, the president of general motors who was just helicoptered in, piloted in to a day of cars, customers and culture for general motors. we are heading in, but give me perspective in terms of as we look at where cash for clunkers is, has demand slowed down at all as they extended this. are you seeing as much demand? >> i think we are probably seeing a slower restart, but it seems to be catching o. the numbers are above prior levels. >> you expect this to continue? it's not as red hot as it was. >> no, i think everybody who wanted to trade probably traded it and or was in the process, although one of the people who worked for me at home traded in an elderly mercedes on a brand-new four-cylinder malibu. there is one i know. the difficulty is that we have some pretty firmly established rules of the mileage
CNBC
Oct 20, 2009 12:00pm EDT
to do. i will say that in certain parts of the business, we're actually adding positions. in china, emerges markets, we're adding positions. it's a fact of life today. a very difficult decision that we have to do to do the right thing and to grow our business. >> i'm assuming you saw this or heard about it and i'm not going to impersonate the man, but recently, regis philbin was on. when's the stock going up, he griped. >> the stock's been going up quite a bit lately. of course ultimately, the way we increase the stock is by increasing shareholder value. one of the great thing this wyeth transaction has done is create a far more diversified company. we're in great position now. leading primary care company, assets around the world from everything from neonatal vitamins. >> pfizer, but especially investors right now, are pinning their home hopes on a drug for diseases. a vaccine for pneumonia, but recently, they've had three disappointments in a row. is this emblematic of some eers issues? >> you mentioned two exciting projects. inflammation, pain, rheumatoid arthritis, we have a ve
CNBC
Jul 13, 2009 12:00pm EDT
they are going to head in the future with places like india focusing on infrastructure and china. they are everywhere, all the time. >> we have to wait to get my personal view on that. we are sitting on the sidelines. >> good point. what do you say? >> i have to watch how oil closes. this is the low so far and the weakness will be too much for people to stand in front of. >> are you ag gnostic? >> no, but i am looking for the market to trade up into the close. >> zeke? >> it's a tough day. >> your complete earnings playbook tonight at 5:00 on fast, but first on "power lunch," morgan stanley has a new mvp and you won't believe how young he s. >> i wouldn't believe. >> we will bring you that and coming up on "power lunch," not only the triple-digit rally and the ceo of louis vuitton. president obama's economic agenda. is it stalling and how do we get it back on track? see you at the top of the hour. >>> stocks in three weeks. positive comments on cnbc by meredith whitney. ford is bankrupt to the auto supplier, vift yon. they are calling the plan too rich. moody's had troubled financial c
CNBC
Sep 4, 2009 12:00pm EDT
sides of that market is good. more usage in india, china, so forth. a big favorite of japan. >> physical demand, industrial use, jewelry use, that kind of stuff, so that's picking up. >> yes. the jewelry use is still a little bit pricey -- >> is that an economic indicator sign? >> it is. >> if physical use is increasing? >> i don't think the current move is economic, but if we see jewelry kick in, that would be an indicator. >> indian wedding season in december. >> good to know. >>> one year ago, the feds came to the rescue of fannie and freddie. diana olick will sort it all out. >>> manhattan trophy properties. what's selling, who's selling, for how much? are they really bargains. he ran off with his secretary! she's 23 years old! - oh, come on. - enough! you get half and you get half. ( chirp ) team three, boathouse? ( chirp ) oh yeah-- his and hers. - ( crowd gasping ) - ( chirp ) van gogh? ( chirp ) even steven. - ( chirp ) mansion. - ( chirp ) good to go. ( grunts ) timber! ( chirp ) boss? what do we do with the shih-tzu? - ( crowd gasps ) - ( chirp ) joint custody. - p
CNBC
Oct 27, 2009 12:00pm EDT
china and a manufacturer in germany to reach new customers in the u.s. well, ups can help bring it all together with efficient solutions like paperless invoice that can help make customs a breeze. hey, the opportunities are out there. seize them with ups. you know, it's hard drawing those perfect circles. >>> so chrysler emerged from bankruptcy about four months ago. now we're learning there's going to be a big plan announced next week where chrysler will get rid of a lot of american brands and bring a lot of fiat brands over from europe. remember fiat is now the big owner/investor in chrysler. dennis, you had a lot of thoughts about this. you don't like the alpha romero? >> the free market says, hey, if the alpha romero will sell in the u.s. let them go it and more power to them, but that we did a $4 billion or $5 billion federal bailout of chrysler and at the time i recall president obama announcing that the company is going into chapter 11 and will emerge stronger. that venerable american brand. we gave them taxpayer money so they can build italian branded cars. am i being too picky
CNBC
Oct 21, 2009 12:00pm EDT
coming up in a few minutes. >> also this hour, winning and power. jp morgan's go-to person on china. tells us the best way to play choo china's red-hot economy. >> get ready for the "fast money" halftime report. you're watching "power lunch." we're first on cnbc and cnbc is first in business world wooild. national car rental? that's my choice. because with national, i roll past the counter... and choose any car in the aisle. choosing your own car? now, that's a good call. go national. go like a pro. last month, this woman wasn't even able to get around inside of her own home. they chose mobility. and they chose the scooter store! if you or a loved one live with limited mobility call the scooter store! no other company will work harder to make you mobile or do more to guarantee your complete satisfaction. if we pre-qualify you for a new power chair or scooter and your claim isn't approved, the scooter store will give you your power chair or scooter free. that's our guarantee. they were so helpful and nice. they filed all the paperwork, and medicare and my insurance covered the cost.
CNBC
Jul 27, 2009 12:00pm EDT
to forge a closer relationship but when it comes to the economy, is china a friend or a foe. >> i'm michelle caruso-cabrera, the government's payczar is supposed to take a closer look at compensation packages at banks that still have taxpayer bailout money so, when it comes to bonuses is a deal still a deal or should you give it back? watch the sparks fly on the power grid. here is what else is on the menu. >>> on the earnings menu, results from verizon, numbers from honeywell, radio shack as well as corning. >> in this care the people, the town hall in kansas city i will have the details. >> all righty. >>> i'm hampton pearson in washington, the u.s./china strategic dialogue gets under way with the president telling china don't count on debt-weary u.s. consumers lead a recovery as the chinese are silent about their concerns about trillion dollar budget deficit. >> let's get to the market action. stocks down, financials the best performers at the moment. oil is stead dirk bond market ready for the busiest week in 25 years. the government needs to borrow a lot of money this week. bib
CNBC
Dec 11, 2009 12:00pm EST
the u.s. gets better and i'm betting the economy in china gets better as well and that will drive yum's earnings. it's a quasi defensive leverage play. >> against china. interesting. >> thank you. >>> coming up next, a year ago he was bernie who to most people. then he was busted for the big of the ponzi scheme later. one year later, are the feds doing a better job of protecting your money? we'll have answers. >> and the retail data lifting the markets today. is the santa claus rally ahead for the sector? i hope so. get ready for "the fast money halftime report" at 12:45. you need a financial advocate who knows where you want to go. a merrill lynch financial advisor, now with access to the resources of bank of america, can help you diversify, rebalance, imagine, and believe. boss: ah! thank gecko: what's going on, sir? boss: we're slammed. tons of people interested in all the money they could be saving by switching to geico.. gecko: yeah, 'course. boss: boy, did we miss you last week. that temp wasn't working out at all. exec: took me all morning but i got those quarterly figures
CNBC
Jul 6, 2009 12:00pm EDT
culture. i've lived and worked in india and i've been in the government and state visits the china and so forth. i think the russians are a lot more like us than the indian mentality. so still it is a foreign country and it does have its own -- right now they're talking about things we want to talk about, like arms control, that's an obama initiative. so they are being responsive to our wishes and, you know, it's a matter of how to play the local music. >> all right. thank you, gentlemen very much. and john just brought up the china versus russia debate. next hour, we're going to talk about that very subject. should it be china? should it be russia? which country in the years to come will become a more important player to the u.s.? china with its massive trade or russia with the untapped sea of oil, natural gas, and that growing middle class? we'll talk about that. >>> plus, the best plays in health sciences in the second half of the year. we have a four-star fund manager with that for us. that fund is up 10% this year. >>> by the way, let's get to hampton pearson with breaking news ou
CNBC
Oct 23, 2009 12:00pm EDT
outlook. >>> is china stealing jobs away from the u.s. because of what it does with its currency? that's what paul krugman is saying. >>> home sales, existing home sales surging 10% in september. highest level since mid-2007. wha maybe recovery is stronger than everyone thinks. here's what else is on the menu. >>> ben bernanke is talking about new restrictions on banks. compensation restrictions, liquidity restrictions, and f t faster ways to wind the big banks down. >>> is steve actually working? is the pen mightier than walmart? these book price wars are bad for you, the reader? we'll explain. >>> verizon is stepping up its competition with the cable companies with its new service, which is rolling out to new quadruple play bundled offers. >>> all right. quadruple play. let's get to the market action. bob pisani is at the new york stock exchange. >> september home sales. good comments from microsoft. everybody beating on the bottom line. three points i want to make sure. put up the screen. number one problem we have is the existing home sales numbers being discounted because ev
CNBC
Dec 23, 2009 12:00pm EST
sales, skyrocketing costs, bankruptcy, the rise of china which is now buying volvo from ford. so what does the road look like ahead for this critical industry and is china a long-term threat? we'll talk about that after the break. >> and 12:45 eastern time, do you know what that means? it means the fast money halftime report. >> google's stock crossing 610 for the first time ever and why they may still be a value stock and the traders lay out that stock. we give you the trade on the halftime report and first more "power lunch" right after this. in 12 markets, 24 hours a day, all from the same account, and settle in u.s. dollars or the local currency. plus, we'll guide you with international research and realtime quotes, so you can diversify your portfolio, wherever -- whenever. and we'll be on call around the clock, while you trade around the globe. fidelity investments. turn here. boss: y'know, geico opened its doors back in 1936 and now we're insuring over 18 million drivers. gecko: quite impressive, yeah. boss: come a long way, that's for sure. and so have you since you started wor
CNBC
Oct 2, 2009 12:00pm EDT
then a big boost after that. that's the same with the japanese model and you saw it again with china. seven years ago or so we heard china get it and a big infrastructure push. gigantic infrastructure push. >> what about the budgetary concerns. look at what happened to athens it crushed. >> athens is a smaller economy that has their problems with euro. brazil is on the up move. time for emerging markets to have the center stage. they want power. they want to be on the security council. they want to grab all the resources. is this a time where the developed world is on their knees. they want to take this opportunity. >> if they get it, is there a play for the investor? is it going to be from your, commodities? what do you think >>it's definitely commodities because infrastructure takes time. you want to get the commodities now before infrastructure projects happen. this is a seven year roger. you want to have names. brazil will invest in their own and use the resources they have. almost like a nationalistic pride and let's organize the troops and get things together snoop when was the
CNBC
Aug 17, 2009 12:00pm EDT
? >> their growth there first one in five quarters but not as strong as people anticipated, china down 6%, down 15, 20% the last week and a half. look at some of the big global commodity names here, dollar stronger, of course, puts pressure on the market, as well as the general weakness in asia, 5, 6, 7% decline there no top line growth for lows. a problem, folks, wasn't the disappointing you are jones. third quarter isn't picking up sequentially since the second quarter. home depot, be surprised if they have anything dramatically different to say. markets bifurcated in defensive outlook, big names here, modest moves to the upside, procter & gamble the upside. look at the hmos, only group moving here on the prospect of a less public component to health care reform, four or five percent moves and all the big hmos. trader talk, cnbc.com, matt, off the lows on the nasdaq but down. >> down sharply no question about it, 2.5%, 2.4%, maybe 3, 4 points better than the drop we saw. look at one of the best, big cap stocks, microsoft down only 1.4%. apple down 2.8. but look at the real disas
CNBC
Sep 25, 2009 12:00pm EDT
on oil demand. i truly think the china situation is being underestimated by the market. the prices are leading the fundamentals, with china importing a record amount of crude oil in july, another big number in august. we see demand pick up into the winter months, particularly for heating fuel and truck traffic picking up for the holiday season that will be enough to propel us out of this range to the upside. >> remains bullish on oil. thanks, john. >> thanks, guys. >>> when weome back, g-20 leaders in pittsburgh getting ready for what we traditionally call the family photo opportunity so that is coming up in about ten minutes hear, head live, just like a family. >> nobody gets along. infighting. just like the holidays. >>> on the markets, we are down on the trading session so far in the dow jones industrial average but still ahead, when the trader triple comes around, we will get you ready for next week. we are back in two minutes. could someone toss m n sixteenths wrench over here? here you go. eleven sixteenths... (announcer) from designing some of the world's cleanest and most f
CNBC
Nov 20, 2009 12:00pm EST
priced at $11. big hotel company in china. the ninth to go public this year. here it is. about $11 they priced at. this is well above the expectations of 9 to $11. scott, the nasdaq's down what? >> we've had a -- couple of bad days in a row for technology. when i say bad days in a row, larger declines than maybe we ordinarily see. down 3/4 of a percent on nasdaq. bad earnings yesterday. earnings of revenues were a disappointment, clearly. gross margins, a disappointment. here's what's happen wg the stock today. down 9.5%. google is lower. cisco is lower. apple the weak today. ebay is weak. yesterday, the big story was bank of america merrill lynch downgrading semiconductor names. the sox is down 1.5%. intel down. that's on top of the 3.5 to 4% decline yesterday. >> did you notice the turn around in gasoline? we've seen gasoline futures pop up and oil come off the lows of the session after valero announced they're shutting a refinery in delaware. it was only operated about 75,000 barrels per day for the first eight months of the year. and it's not the only refinery to shut in the last ye
CNBC
Nov 24, 2009 12:00pm EST
big fans of the emerging markets, but we like the chinas and indias and a lot of the brick countries. there's a lot of opportunity, everybody knows that. volatility is going to be there as well. we're long-term investors and asset allocators and we look to see what's going to happen over the next three, five, seven years. it will help us get to the growth rates we won't have going forward. >> good to see you. thanks for joining us today. >>> more trouble for general motors. as the deal for the company's saab unit is called off. phil has more. >> this was not going to bring in a lot of money for the company. they were trying to streamline the portfolio. it was time to off load it. that's changed. here's the latest on what's happening with saab. the deal is off. the group, which by the way, they're a supercar maker out of sweden. they have stopped the deal due to the slow process. they have said timing the crucial. the collapsed sale puts the brand's future in doubt. gm's ceo saying he's disappoi disappointed the deal fell through. he says -- again, the gm board will meet next tuesday.
CNBC
Dec 1, 2009 12:00pm EST
china's a big factor. there's talk that china may be buying more gold and that has the material stocks today at fresh highs. b b barrick gold saying it's lifting its hedges. the big banks are to the downside. jpmorgan saying it sees the big banks lending and gaining less. pharma today, very hot. we've got pfizer at a new high. it's going to be producing generics in japan. it's also got a drug deal with protalix. instead, they're doing a collaboration deal. let's head to the nasdaq and brian shactman. >> we are close to the highs of the session. you see the data came out really at that part of the morning. two bigger stories we want to talk about. al terra lifting the chips space. raising fourth quarter guidance. that's a net positive. staples, they beat on the top line. they beat on the bottom line and from black friday on, they're seeing great traffic and they do a ton of business online. very good numbers across the hand set market. google up and weakness with ebay giving back 5% gains from yesterday. let's go to sharon, who's a busy, busy woman at the nymex. >> gold prices are over
CNBC
Sep 3, 2009 12:00pm EDT
dollar, gold tonights to take off. china buying. the etfs, short covering. no one wants to be short going into labor day weekend. there's even a lot of talk about nobody really wants to bet for the dollar long-term. there's a lot more theorys out there, but i can't share them until i can confirm them. >> i'm not buying into any of them. i'd like to keep life simple, buddy. let's see, cftc, etfs, lots of changes. i somehow think that has little bit to do with it. as far as is dollar, you're exactly right. to look at the dollar, one would think that the dollar wouldn't fair as well. still well above that 77.5 main support level we've tested several times in the last several months. let's look at tens around the world. the credit markets are definitely in this harmonized qu quib. if you look at ours, you can see the pattern. same could be said for the euro and u.k. gild. sue, back to you. >> thank you very much, rick. we're going to talk more about gold in a few minutes. >>> stocks gaining a little steam, but everyone's very cautious ahead of the big jobs report tomorrow. joining us no
CNBC
Dec 28, 2009 12:00pm EST
lot of bulls here today. >> joe? >> a lot of bulls. two of most important things in 2009 china and technology. tonight on "fast money" if you watch, we're going to talk about why you should stay in those trades and also tell you when it's time to get out. >> that does it for us on tonight's "fast money" top-ranked retail analyst tells us who was left smiling and who ended up with a lfump of coal this season. two-year auction, results at the top. >> minutes from now, bob, we are going to kick off a big week in treasury auctions more than 100 billion beginning with government trying to borrow 44 billion today a minute away. two-year notes, result and market reaction. >>> still to come on "power lunch" -- headline risk, violence erupts in iran following anti-government protests the worst since the disince the dic sputed election in june? make your bets for 2010. today's focus, options, picks and pans for the new year. >>> "avatar," sherlock hole. s, alvin and the chipmunks, the buzz at the box office. get your popcorn, milk duds and settle in because the second hour of "power lunch" s
CNBC
Sep 16, 2009 12:00pm EDT
here. you're seeing people reach out for risks and that's going into places like brazil, china and russia. i think gold will continue to track here. i don't think you need to chase it. i do think you need to own it. >> is this something you would buy in on a dip or just look to ride the momentum? >> you could wait for a dip and it actually came off its highs today. the gold bugs we trade with are playing it. they believe we'll probably break out and it goes back to currencies. china has to protect against all the dollars it has. they have to buy gold to protect. >> let's talk about the stock that good hedge. mpl amazon stock one of the best restormers to the s&p. stock up 6.5% right now. this is one of those plays where do you want to buy the common, look at the options? tell us why. >> you should always be looking to trade in the options markets if you want to make a directional bet or even if you don't think it will do anything. one of the things we certainly are seeing a lot of activity in the options. that shouldn't be surprising. one thing we have also been noticing, as volati
CNBC
Dec 16, 2009 12:00pm EST
thing that drives inflation is wage growth. >> that's true and china alone drives a lot of inflation. if you notice what's going on in china with the loan amounts that they're doing, that's driving a lot of crazy inflation in that country. >> look no further than the '07s. we had a slack in the economy everywhere and we had inflation. >> exactly. it will be aier or so, but that's eventually where we will end up if the fed does not raise rates sooner rather than later. >> the real estate guy says four years. >> we've got to go. >> thank you very much for being with us, gentlemen. on to other placid topics, microsoft finally cuts a deal with its long-standing war with the eu over antitrust charges and meanwhile, back in the u.s., intel gets sued by the ftc which is accusing the chipmaker of stifling competition by granting too good a discounts. silicon bureau chief jim goldman looks at the the trials of technology. >> good afternoon to you from silicon valley, bureau chief to chief, correspondent and big cap tech nowadays for intel who is hosting a conference call as we speak. new char
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