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CNBC
Dec 7, 2012 12:00pm EST
the double-digit comparables for breakfasts in china and the fact they're going to have 2,000 stores. >> first of all, i think you're confusing your culinary fantasies with the stock selection. it's a 10% grower. the environment has gotten so promotional and you can't really say that the management team is great. true, thompson's been there for 22 years. new ceo, but skinner's gone. and by the way, so many ceos left on top -- they've left while they're on top because the there's no gas in the tank. that's a trade if it happens. you'll see some short covering. bottom line, too slow, too promotional. i'd put money elsewhere. >> the stock hasn't done well. >> had a phenomenal 2011. slowdown in 2012. when you look at the environment you can fully understand it. i love the skpaks. >> take a look at yum!. yum!'s u.s. sales has grown. the dollar menu is back. don't confuse higher sales against some very, very reports and we've got a low bar with profitability. it won't be there. >> profitability comes from breakfast. they're killing them in china. >> i'm going to look at the valuation for m
CNBC
Dec 28, 2012 12:00pm EST
to be exposed to china. we think the soft landing is real. we stabilized the 7.4 print in q 3 we think was the bottom. all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a minimum consumer discretionary is tops on your list the second best performing sector this year behind financials. you think that continues to work why? >> we've seen profit taking on the cliff but by the same token this is an area that has the most to gain if we get a cliff deal and that is our base case. we also like industrials. t
CNBC
Jan 28, 2013 12:00pm EST
club. >> caterpillar up almost two bucks despite problems in accounting in china and inventory in declining production rates, cat is one of the leaders on the dow today. back to "fast money" halftime at hq. >>> carl, thanks so much. welcome to the "halftime report," four hours to go. dow at 1500. here's what we're following at halftime. war and remembrance. >> i appreciate, bill, you called me a great investor. i thank you for that. unfortunately i can't say the same for you. this is not an honest guy that keeps his word and takes advantage of little people? >> what does the icahn/akman battle say about your money and should you follow their lead? at the core, what's driving apple shares down and when is it okay to get in? first top story, the rally, the dow on track for next january, if it really is 14,000, what are the plays you need to make right now? we are trading the action. what is it, joe? where should you be in the market right now? >> let me tell you what i'm doing today. more importantly, it has to be looking forward. we've gotten a lift from earnings, surprise to the u
CNBC
Mar 3, 2015 12:00pm EST
undercurrent out of china but the rise in dollar will continue to hurt commodities. win for the u.s. consumer. >> for more on the dollar tune into the on-line show at the top of the hour and talking to oppenheimer's chief economist jerry webman joining us as well, the trades for you, 1:00 p.m., futures now.cnbc.com. >> coming up alibaba shares falling to their lowest level since the ipo. up next we have the trades and this is our very own steve weiss. said his swing is a little unorthodox. >> wow. >> gets the job done, baby. gets it done. >> there it is. call your chiropractor. two pro golfers on the half. maybe they have advice for mr. weiss. a retail edition of the trader blitz. four trades on four stocks making news all coming up next on the half. at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. >>> hello, everyone. i'm sue herera. here's your news update. israeli prime minister benjamin netanyahu spoke before a joint meeting of congress this morning. he made an impassioned case against a nuclear agreement with iran and a
CNBC
Apr 21, 2017 12:00pm EDT
he did not label china a currency manipulator. >> it's something to pay attention to when the treasury secretary and president sometimes have different views. >> who you listen to. >> great stuff. thank you so much. over to headquarters and the half. >>> and welcome to the halftime report. scott walker will be back week. your top trades this hour. the rally versus the red flags. nasdaq at record highs. small caps on pace for their weakest of the year, but another well-known billionaire investor sounding the alarm. with us for the entire hour, josh, stephanie, john and kate, chief ek quity strategist at blackrock as well. the market comments come from paul tudor jones. he joins a chorus who have also raised concerns about this rally. john, are you worried? is he right sfl. >> well, i think there are reasons to be worried. and that is a lot to do with what has not happened with the administration. i mean, sarah, just in the last segment that led swoo us, was talking about hout we're not seeing and not feeling the lift that we expected at some point, even though many of us have s
CNBC
May 26, 2017 12:00pm EDT
powerful and, most importantly, or equally importantly, it's a global audience. you look korea, china and japan, all over asia and europe you'll see that it's everywhere and it isn't bound by geography. you don't use a stick or a bat to play, and you can play alone or with a whole group of people, play against the best. it has all the tools to go the distance. that's what's made everybody excited about it if they're in sports or entertainment. >> let me wrap by asking you about the movie business. you produced the first batman movie. in some respects i feel we've come full circle here. if you had to place your biggest bet today in the movie business, would it be on a superhero or a super actor, a clooney, a pitt, a cruise, they're going to make top gun 2. superheroes are all the rage and that's where the studios are putting their money behind? >> there's two businesses. there's this big franchise, you know, glamorous, huge, star driven, ip driven business like wonderwoman and batman and all these films like that and then there's the small independent films at $15 million, $20 million, $25
CNBC
May 5, 2017 12:00pm EDT
no less. did you notice that? >> this is the cherry coke. this is the cherry coke from china. there's some with warren's photo on it. i think they're raffling them off, giving them away, selling them. i don't know. thank you. >> becky, we're excited about monday. wish you the best out there. have a great weekend. we'll see you on the air with warren buffett, charlie munger and bill gates as well. quite a trio to hear from considering where the markets are in light of this ibm news which took a lot of people by surprise, look forward to that with becky and the gang on monday morning. an interesting weekend. it's a great time to hear from him. not just ibm but coca-cola but whatever stocks he's involved with, health care is halfway done. and jeff immelt and his views. yeah, and the french elections it seems like it's a fait accompli, judge, this is going to be macron's election. le pen not really -- based on all the metrics we see. >> i love european stocks right now. people haven't given credit. that political risk is subsiding and i think going forward that's one of the best earnings
CNBC
May 9, 2013 12:00pm EDT
of its export coal. that's much more dependent on what china's doing with their steel making. the other half comes from switching of nat gas and oil. that switching largely took place for this phase in the past year. new factories coming online. now nat gas is above $4. you'll actually see the volumes are starting to reflect positively. i never think that business would get a high multiple because of the long run. over the next year, that will help the stock as well. >> another area which i think is very interesting is vodafone and liberty global. you've got the vodafone play off of verizon and verizon wireless. talk ton us. >> stocks are down slightly today. people are concerned about the core business. whether the government will change things in europe about roaming. realistically, there's a hidden asset which is the verizon whose p wireless. counts for about two-thirds of the value. between the verizon ceo and vodafone. about $100 billion to $130 billion. i feel like the power sits with vodafone. verizon isn't -- really needs to buy this asset in. i think it would be a very cr
CNBC
Dec 26, 2012 12:00pm EST
blog on a blog reportedly leaked out of china. it's got a hard wired keyboard attached to it. that's still a draw for people. that's what i'm seeing as possibly the only reason the stock may be moving today. so this is going to be a hot traded stock, guys, until january 30th, whenever that blackberry ten is supposed to officially roll out. >> likely beyond that, sully. weiss? >> i bought a little last week when it came down. of course traded down further after that. now it's trading back up. s if going to have two versions. it is going to have keyboard and it is going to have a virtual keyboard like the iphone. that will be out. on a day like today where there's low volume, you can get the stock going anywhere you want to go. jcpenney is an example. i wouldn't read any more into it than that. >> did you talk to rim today. >> i did not talk to rim. i can call them during a break. >> i swear, i think worse than hines, i think he was sitting courtside at the heat game. if he wasn't, a guy who looked exactly like him. if he was, tweet us and let us know that he was really there. >>> stil
CNBC
Dec 13, 2012 12:00pm EST
friends. we've talked about kind of the industrial recovery and the global recovery in china and in brazil. and i think that theme still is very, very powerful. and i think home here, housing. and i think the fed yesterday, the nbs purchases, reinforces that housing will continue to be a theme. >> all right. we're going to take a quick -- i'm sorry. >> that 6% surge -- no, that's okay. out in california, those housing numbers, highest in several years, that's a good sign. and all we've got to do is get harry reid and john boehner out of that alternativalit john mcafee is in because they seem to be living in that same weird world that that tech entrepreneur lives in. they've got to get and rise above, as we've said over and over again, they do that, this market's got a lot of gas to the upside. >>> on the way, judging big ben. where traders stand on the markets today after the fed chief delivers fresh thoughts on the economy. and r.i.m. shares trading at seven-month highs. can they continue to deliver returns to investors? >>> first, is the magic in the makeup for estee lauder? execu
CNBC
Jun 21, 2017 12:00pm EDT
billion. this is big business it's important for china >> big >> there's a lot of face-saving stuff going on, anytime you're talking about chinese companies. it's a huge stock for hedge funds to trade in and out of, for quote/unquote china exposure, because this is one of the leading companies you can buy on the nyse. there's a lot of reasons for it to have gone up. okay, fine but what if, for example, they come out and say, oh, it turn s out there were some things about the accounting that we have to change and here we're going to have to pay a $50 million fine and nobody cares and you end up being right and that turns out to be an upside catalyst think about how many big, bad negatives have hung over other companies and then -- herbal life like with like, the shorts were right. no one cares we paid a fine and the stock goes up. >> i can only think of one company that actually was in this kind of a space that actually mattered and where the stock actually got crushed and that was lumber liquidators. so many others, where their s.e.c. investigations, they just come and they go, whic
CNBC
Aug 13, 2013 12:00pm EDT
up and this is in the context of the s&p up only 0.3%. pom a people are playing the china news. i also agree though that the financials, they have lagged, and they are beneficiaries of a steeper yield curve. you want to pick your spots there. i this thi-- think the ease my has been made in those sectors. the other sectors that have caught up, they're still attractive in terms of values. >> you agree, steve, with josh brown, that maybe this is the start of the correction that so many people have been talking about and waiting for? >> correction is too strong a word. i think we're in the summer malaise. when have you walked in, seen europe up the way it's up today, seen japan up, abe talking about cutting corporate tax and have the u.s. market be flat, really flat, not down much. >> you look up tomorrow japan could be down 3%. >> it could be, exactly right. my point is this market is just tired, it's tired, it's taking a much-needed pause after earnings. people are unsure if actually we're going to get a tightening. say we do or cut back on the bond buying, but we are. and that mean
CNBC
Aug 26, 2013 12:00pm EDT
the notion that the china economy is snow showing signs of stabilization? you may not believe the numbers. if that is leading let's say materials, right, good week last week and up again today and it is a small rise for the overall market and materials are the best performing sector. is there some groundwork being put for the materials that can last a little bit longer? >> i don't think so. undoubtedly when you saw the pmi number come out, that it led to a bounce in materials, also assist you look for beaten up stocks, that leads to a bounce. if you take a look at the chinese data, all of a sudden they start removing key parts. for example, they took out in the pmi, not the market, but the official chinese data, the subindices so you don't see steel and don't know how steel is going which goes to iron ore. >> they did announce that it seeing increased demand for iron ore and copper, one up 24% and one up 12%. >> and it showed actually the sub indices doing a little better. >> it is 300 companies. you heard every steel ceo come out and say that it is terrible in china. saying there
CNBC
Apr 2, 2013 12:00pm EDT
low-cost next version phone for developing markets. they will get over their t. hurdle in china. they got their knuckles wrapped last week because of the warranty versus the state-controlled two-year warranty. they exceeded, tim cook made a very unusual apology to the government. >> what about margins from these products that you're talking about? those are going to actually drag down margins and how does the stock react? >> margins will be hurt. and they're going to have to face the reality of competition that's going to be driving the prices of hardware down further and further. whoever it was who talked up samsung. why aren't they doing anything? where is their adr? i mean, that's a really, really smart company right snou. >> let me ask you about hewlett-packard which you like. >> yes. >> goldman sachs downgrading to sell today and they say sentiment moved ahead of reality. isn't that the case? >> i think hp is misunderstood. i'm looking at the big data side of hp where they have the enterprise franchise and they have the technology. yeah, they got killed on autonomy and they
CNBC
Oct 15, 2012 12:00pm EDT
having a hard landing, scott, i think it's behind us. even the worst expectations for china, 7%, 7.5%, 8% growth, i think e sort of upside surprise, you hit the nail on the head. upside surprise out of china, caterpillar starts to take out $90 quickly. >> stephanie? >> jpmorgan, i thought the reaction on friday was ridiculo ridiculous. that quarter was very good. they beat earnings, beat revenues. mortgagings were very strong. you will see that as a common theme in the banks and we have already, and i think capital markets continue to recover. so this stock has not recovered actually from the -- the stock prices have gone up but the valuation at 1.1 times tangible book. the stock typically trades at a lot higher multiple than that. that is one we will be buying when our restrictions are cleared. >> an interesting difference of opinion between jpmorgan's view on housing and perhaps what you got today out of citi, right? >> i think it depends on which side you're on. are you looking at originations, looking at production, looking at servicing costs? i think that jpmorgan has very good expo
CNBC
Aug 12, 2013 12:00pm EDT
it all the time. are the numbers real in china or not? you're getting better incremental news, the expectations are low and i listen to what the companies have to say, specifically a freeport. both of those reports in earnings were better than the gloom and doom the stocks are discounting. so i think there is a fundamental case if the data continues to be better. it is very important week. we get gdp, eurozone dwchlt dp, industrial production in europe, and we have our own data here. clearly that is very important. it is going to be -- data dependent and we're data dependent and i think there are some values still in the cyclical stuff. >> you made the case of late certainly that the onus is on the economy at this point to prove the taper should not happen. >> right. >> the rebound here, can i ask a question? when i went on vacation, good news was good news for the market. i was gone last week. was that still the case where data came in better than expected? >> we didn't get a lot of data. >> we didn't and there was the trade data that up lifted gdp. this is the big week. i think i
CNBC
Jul 29, 2013 12:00pm EDT
scores a deal. china slowing, the ceo changing and coach is under performing. why is one of our traders willing to fight for the stock? we'll find out in a halftime debate. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ male announcer ] come to the golden opportunity sales event to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the pursuit of perfection. >>> stephanie is our bull. simon is the bear. buck 30 on the clock. >> this is not a play on the quarter. in fact, tomorrow i expect the new management team probably to be pretty conservative in terms of guidance. it is a great new
CNBC
Apr 28, 2017 12:00pm EDT
they get the international right, then it's a 65, $70 stock easily. until china -- one last point, when you walk out of the store, you know what you're going in the price action reflects it? duncan. >> next up, why this could be the year you definitely don't want to abide by the saying, sell in may and go away and what tech stock is up? betting the run is just getting started. pete is tracking the unusual activity right here after this short break. ♪ whoa that's amazing... hey, i'm the internet! i know a bunch of people who would love that. the internet loves what you're doing... ...so build a better website in under an hour with... ...gocentral from godaddy. type in your idea. select from designs tailored just for you and publish your site with just a few clicks-even from your... ...mobile phone. the internet is waiting start for free today at godaddy. ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hote
CNBC
Jan 20, 2016 12:00pm EST
impact. the second one is obviously china. the market is focussing on it, and then, finally, current earnings. like the ibm report today. okay? you knew the fourth quarter of 2015 was going to be reporting some real negative impacts from convergence of all that. the currency will abate. that can happen very quickly. a lot of other bright spots, including tax reform in the united states and a tax of wonderful outlook for 2017. >> are you in the camp then of growth scare, not full blown recession. >> wrau. have you to do some mending. i hope you don't have another paris or san bernardino. that's a game changer. i am talking about what we would look at as no outliars on the bell shaped curve. do you think nine, ten months from now that things are going to -- >> it's a lot better than buying an etf where you panic and there's lack of liquidity. flint michigan, buying water companies and buying water infrastructure both for hooin and the united states. you're never going to catch the bottom. now you can go back to where you are in 2009. five baggers and ten baggers. you think we're overre
CNBC
Nov 5, 2015 12:00pm EST
none, is the point. they're saying, oh, there's some agreement with the u.s. and china so cyber attacks slow down. it's -- it's a farce. i would tell you that there are probably better places to be in the space. at some point this thing gets too cheap. it's a falling knife. they seem to do everything wrong quarter after quarter. it just is not on my radar. sfroo pete, talk to me about celgene. it's down 6% today. >> it did slow down, and that's what everybody was focused on. when you look at those numbers, people do get concerned. is it there a slowdown? it is 63% of sales. you can understand why there is a focus there. i think the pullback offers an opportunity. i like this stock. i know the wealth management guys are in it, and it goes towards the 1:30 level. >> home away. >> this is the sixth deal of the news company has done in the last two wreerz. it's by far their largest. it's not going to be creative until 2018. i do think strategy eeblgicily it makes sense because the publicly fighting off airbnb and some of the competition. it definitely diversifies their revenue base.
CNBC
Oct 28, 2013 12:00pm EDT
hedge funds can taye, this doesn't feel criminal buying markets at china, 10, 11 times earnings, india, 10, 11 times earnings. that could be the next area where the puck is going. >> josh, by the way, real quick, one of the stocks that's a big percentage of that eem is petra brass. over the last couple of days, three in particular, big upside call accumulations to josh's point. samsung very big in that particular etf. >> i mentioned we're going to have a broader discussion of what's taking place in emerging markets. where investors are placing bets unknowingly as well. we'll talk about that coming up. what you haven't mentioned, beyond biotech, beyond materials, financials. >> you know, so that's where i think the big of the amount of money's going to be made by year-end. positive ipo season, m&a growth. guys had disappointing quarters and that set up expectations for a couple of earning surprises by year end. stocks like goldman sachs, bank of america, jpmorgan, do well by year end into the first quart of 2014. >> i own all of those except jpmorgan and i agree, still my biggest overal
CNBC
Aug 28, 2013 12:00pm EDT
, especially when it comes to china, and i do not think that china will be ensnared in this particular debacle, but those emerging markets that have been living high on the hog with big current account deficits which have not been attending to their structural problems, and india is the poster child of that, they're in serious trouble right now and it could spread and take on crisis-like proportions. >> stephen, just a quick question regarding the correction that we've already seen. obviously india, rupee just being decimated and the market over there down 31% by some measures. when you look at that and you look at brazil, have not those corrections already taken into account exactly what you're very accurately calling is a headwind for them that had been a tailwind while our rates were so low but are they not now already pricing in the fact that this is under way? >> pretty hard to catch a falling knife and know when that comes to an end. certainly those markets have taken on or discounted a lot of the end of the qe taper, but what they haven't really figured out is whether
CNBC
Feb 23, 2015 12:00pm EST
reason which is economy of improvement. >> you are still awash of liquidity. china, they are out on the bring, who knows. latin american as far as what you are concerned about or our economy is concerned about, i think it's all systems go and, by the way, with rates backing up it makes equities even more attractive. >> i agree with these guys. i think it will be a knee jerk reaction which creates other opportunities. the other opportunity is this. look at volatility index it closed at the lowest levels of of year. so, steve, the one thing i like going into this whether june or not. their protection is back to being what i considered cheap. when you're under 15 on the volatility index you're at a level where you can buy protection or get early reaction, knee-jerk reaction to the markets because of the height. suddenly that give us more bullets to say, now is the time i'm going add to my position. >> i think the question comes from the trading community, the question comes a year from now. have we moved 75 basis points or just move a quarter basis point. >> i applaud you for not havin
CNBC
Feb 13, 2013 12:00pm EST
probably helped out china as well. joe you wanted to jump in? >> david it sounds like maybe you're not as rosy in regards to your outlook. you're saying i would have been right in a pullback if not for central banks being so flush with liquidity. what about the housing recovery we're experiencing and corporate earnings that are incredibly strong and what about a corporate debt market that in terms of issuance investors can't get their hands on enough of it? >> well i would say that the high yield market's become fully priced. high yield tends to lead the stock market and you know beauty is in the eye of the beholder. you talk about strong corporate earnings but you're benchmarking what we're seeing against what the consensus was heading into the quarter. if you look at the overall pattern of year over year earnings growth it's been coming down. the pattern of year over year revenue growth is coming down. you talk about blockbuster earnings they're not blockbuster but beating beaten down consensus estimates. i think the second half of the year the year we get double digit earnings growth t
CNBC
May 24, 2013 12:00pm EDT
that that would happen in the second half. in china, in europe, and the other thing i was assuming you'll have to be worried about are oil prices just completely falling out of bed. i've seen some predictions of $50 oil. >> well, certainly with production, it seems oil prices are short-term. i think you're being a little pessimistic about the rest of the world. yes, the european recessions have lasted longer than what we would have expected, but if you take a little about what you're hearing from policymakers, it's a shift towards how do we get the session to grow again. how do you stimulate growth? and that's a positive. china, as we all know, is showing a little bit more than expected. i think that's why oil prices have come down recently. the question is beginning to be do you see a better growth ahead, or is it something where it just continues to slump. we're a little more optimistic than you are. >> brian kelly, a lot of the stock picks are talking about the drilling sector, which is probably less dependent on oil prices being so high because it will continue to grow. i'm cur
CNBC
Apr 9, 2015 12:00pm EDT
what's been happening in china and hong kong in the past two months. the asia focus etfs, fxi is up about 19% and the ewh is up more than 10%. should you get in now? one of the dilemmas that faces homeowners. should you rush to pay off your mortgage before you retire in key question for baby boomers and our sharon epperson says it may not be your best financial move. would you let your life insurance company track your every move if it meant you would get a discount on your policy. the man behind the plan will join us. scott, back to you. >> thanks so much. oil prices rebounding today after diving 6% yesterday on higher than expected inventories and record saudi out put. everyone wants to know how long oil prices will remain under pressure. we are continuing our energy summit this week and welcome in john dowd, four-star energy fund manager at fidelity beating more than 90% of his peers over the last five years. welcome. >> good to be here. >> you must have an opinion on whether you think we've put in a bottom or near a bottom or about to retest some lows or find new ones? >> so i'm
CNBC
Jun 16, 2015 12:00pm EDT
in china. we don't think it affected either the u.s. or european business. we didn't have china in our numbers because it's such a difficult market to enter. >> laura, would you say that most people do have china in their numbers because they weren't gotten that far yet? they've only got 21 million sub, so far, internationally, there's plenty of room whether in western europe or all overt globe. but is china factored in in very many of the folks out there following netflix, or no? >> i would say no. i think this action by alibaba sort to protect a core business, core geography in china. there's lots of territories netflix can go into. it doesn't need to be in china, i don't think. >> laura, i read your report this morning. you said a couple of interesting things that i think are contrary to the conventional wisdom, or at least what most people expected. you mentioned overseas subs get more profitable, more quickly than this stage of the game. then you talked about buying content on a global basis, as opposed to buying content the rights for, north america, let's say, actually could
CNBC
May 15, 2017 12:00pm EDT
right, i was talking to him about this, he was talking about china. he's concerned that they can get the progress in china that they need to get. that's going to be one -- >> yeah. >> why are you holding out on us? >> like a week and a half ago. good man. >> i think you were talking to nick jonas. >> wooir going to take a break. here's what else is coming up. >> cyber attacks lead to cyber tunty. the sector is popping today. next up, we'll go through the list. and the etf that holds the big names, hsck. plus, the stocks to get ahead of before this week's quarterly reports. we're talking walmart, home depot, tj maxx and deer and pete sees unusual activity from the options market in yet another big name. see if this leads the stock higher or lower? the heem are back in two minutes. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. our 18 year old wase army in an accident.'98. when i
CNBC
Nov 18, 2016 12:00pm EST
the west, even china, i'm not saying they're doing it, but -- >> bond market assets have been juiced, and didn't leave to the jobs. >> josh, josh. >> that is why fiscal stimulus is the new centerpiece of every western government. >> i wish that were true, but you're wrong. >> no, i'm not. >> yes. okay. when you are dropping your currency, the currency that the chinese have done every single day, and they -- >> they have also allowed infrastructure projects to ramp back up. >> infrastructure. spending on infrastructure. that's not stimulus? >> that's fiscal stimulus. >> absolutely. >> what do you think i'm saying? >> you're saying they stopped monetary. >> i'm saying fiscal stimulus is the new centerpiece. >> just start talking. >> all right. i give up. >> i think the election outcome here is too -- >> brexit indicates the populous sentiment is not an anomaly, and elected officials ignore that at their own peril. okay? >> on sunday we'll see if the trend continues. >> if hillary clinton had been elected and you would have had a republican congress, you would not have had a magn
CNBC
Jun 6, 2013 12:00pm EDT
who has had that coveted job. why china's crackdown on corruption has taken a big bite out of luxury retail sales. scott, back to you. >> tyler, thanks so much. we want to get more on what happens happening in the currency market, yen and dollar making big moves and interest rates quite the story today. for that we bring in paul richards head of fx distribution. he joins us on the phone. good to talk to you again. >> scott. >> the dollar index is having its worst day in a year. yen up 3% versus the dollar. what is going on? >> we're seeing a massive positional unwind. this is called to be long -- to be 100% wrong. the market in general has seen a nice rally in the dollar since bernanke spoke to congress and the market had been expecting tapering of qe. but suddenly the market said, what if the number tomorrow is around 150,000 and it gives reason to pause? that's caused a huge positional unwind. it's exacerbated by massive liquidity in currency marks and get this going into what we've been talking about a key event tomorrow. unwind in real illiquidity. going into the outcome tomorrow
CNBC
Apr 3, 2017 12:00pm EDT
situation. and push away this protectionist vibe with china, which would be really bad for the markets ab the economy. but to throw a bone and say we're sorry, no one was really looking at us. we won't do this, we won't do that. how about that. that would be something, i got 174. >> jobs. >> what i don't want to have happen is having a border tax and all this stuff killing this beautiful, wonderful feeling we've got in the market. >> big week ahead for the president. big show ahead for us. we're just getting starteded. here's what else is coming up. >> competing calls in under armour. one analyst says run. barren says buy. we'll debate this stock that is down 55% in a rear. plus, cramer finding opportunity in chipo the tle andaly bah bah. before the baereak, looking at g winners in april. and the last eight years of aprils, american express has been the big winner, up 12%. cat pillar, disney and microsoft are also big winners. for more, go to cnbc.com/pro. more in two minutes. minutes. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even mor
CNBC
Apr 7, 2017 12:00pm EDT
president of china. as kayla told you a few minutes ago, no translation in the room. we have had somebody who speaks mandarin listen to that tape and rough translation, but equates to something like this meeting has very important meeting for the relationship for china and america. the president was very welcoming. we talked in depth about a lot of issues and built a trust and friendship between china and america and we want to keep developing building that relationship. probably considered the most bilateral of his tenure so r far. >> i can't imagine anything other that that could be the case especially give p the economic implications between these two. china, a huge country. i found president trump's comments to be fascinating because he started with calling the chinese delegation, interesting to be with, but as he got closer to talking about president xi, he got to making the statements about their relationship, their one to one relationship being outstanding and progress being made, certainly, one can read into this that things are head nd a different process. >> i thought h
CNBC
Sep 12, 2013 12:00pm EDT
economy's improving. china continues to print good numbers and they can print whatever they want. i know it's almost like esop's fables. it's a good story they're telling. the fundamentals continue to improve and we'll see higher corporate earnings justifying a higher market going forward next -- >> what do we buy, then, if we like to ride the momentum, we stay with the stocks that have been working? or do we start to look broader? >> well, i like the stocks that i have. where i have been adding, i bought qualcomm back, not a big position, a few days ago. suffered a lot yesterday. but now it's looking good with the new buyback. i still like the banks. to murphy's point. haven't sold any of them recently. i think they're very attractive. also an aig. so i think you can pick your spo spots. in the capital space, equipment, eaten is a good name. you'll see good earnings there. and goodyear tire, which i think is a phenomenal story. >> aren't you getting tired of the bear story? are you bullish? >> no, no, but i did buy stocks earlier. i haven't short this market since june. so i've bee
CNBC
Oct 8, 2015 12:00pm EDT
others what's going on in china to see if this rally will continue. >> where hasn't apple participated spshgs what's the message to the investors? >> right. that's been a huge disappointment. i mean, joy is talking about energy, and, yes, we had incredible amounts of energy. paper coming into last week. late last week. even into the beginning part of this week. we have not seen paper really in a bullish way coming in towards some of these names like an apple. apple just seems to struggle each and every day. i guess what they're waiting for is the proof will be in the pudding. yesterday we had an analyst on talking about apple. could be $100 stock or it could be $150 stock. tony was talking about apple, and he was saying, hey, look, it all depends on how well this phone really is the adoption cycle of the new phone. how well is that going? if it's strong, stocks will sprint to the up side. if it's weak, we're seeing something below $100 a share. that seems to be what everybody is waiting on right now. it seems to me that up side seems to be much greater, though, than the $1
CNBC
Mar 20, 2015 12:00pm EDT
think it works. japan, it's going to take a while to come back. china i don't think that's coming back, relatively decent quarter, this quarter. >> that corruption stuff keeps going on. >> you don't want to be seen driving a tiffany -- >> wearing a watch like jon najarian. >> you can get [ inaudible ] for wearing that watch. >> hulk hogan has the same one. >> he does. >> what are your thoughts? >> i agree. >> break it. >> i think you got to be nuts to buy the stock. it's -- reminds me of mcdonald's same-store sales continue to drop in the united states. it's kind of a nightmare overseas. i don't want to catch a falling knife right now. >> reminds you of mcdonald's. >> mcdonald's did have the pop too. what if tiffany gets it. >> new management looking to come in. >> all right. let's show you what numbers are. the winner is, do we show it on the screen? bear. i guess we don't. the bear won. >> sure you show when he wins. >> you take everything personally. it's very cute. you won. revel in it. all right. coming up, the king dollar dilemma. the markets that could be buy when the dollars an
CNBC
Nov 19, 2013 12:00pm EST
to ask about china. the last time were you on the show, you made a contrarian call, and bullish, and it's been the right call. is that where you see the opportunity for 2014? or has it really just played out this year for you? >> i think what we've seen is that people have become much more constructive on china. they've gotten more convinced, i think, the administration is as serious as we thought they were at the beginning of this year about reform. we're also starting to see earnings estimate upgrades. i mean, china is one market, not just in emerging market, but around all of the world where analysts are upgrading the forecasts for 2013 and 2014. so there's some positive momentum there. you know, we again, want to be more selective. we don't want to own the broad market and own just a lot of soes, but tech companies are up 60% year-to-date. if you have actively chosen some sectors and industries, you've done very, very well. and so, we're going to continue to hold our china exposure and look for interesting opportunities around the rest of the emerging world in 2014. >> good
CNBC
Jul 17, 2013 12:00pm EDT
year ago, they said do not talk about china. so i dutifully gave an iconic american company, hewlett-packard, that has not done well in the intervening year other than the 40% drop it suffered in the first six months i gave the idea on accounting concerns. i will just briefly touch on the fact we are still short hewlett-packard for all the reasons we gave you last year and the extra reason now that the services business that everybody loves and i referred to this morning on "squawk" i think is beginning to deteriorate as well. and all you need to do is look at what ibm and accenture and others have said and at the end of the day services is tied to hardware and that's a business that is going to be declining as well. so for everybody that hopes and prays that hewlett and dell and others have a savior in the services business, i think they're going to be disappointed. but enough about that. let's take on another iconic american company and talk about china just a little bit. i believe that the commodities super cycle which has been built on the back of the chinese construction boom is
CNBC
Jul 2, 2013 12:00pm EDT
know, the bite is really happening in q2 but i think we have some offsets. as weak as china has been and as weak as the impact of sequester will be, i think we're getting better data out of europe. i think it's possible we could have a positive surprise on the idea that the global economy is getting help from not only the u.s. but maybe europe finally turning. >> tom, it's josh brown. i'm in agreement with you on the cyclical trade. it's an idea we've gone to add to especially relative to the stapps. i'm curious, i think there's a huge misconception about how much of the earnings these companies in the u.s. derive from overseas. how important is it to them that china stops the economic fall? how important is europe to the u.s. cyclical stocks, especially the large companies? >> yeah. well, it's true, josh, because, you know, when people do the numbers, they see there's huge, huge exposure of cyclical companies to earnings from both emerging markets and from europe around for tech, for instance, it's well, well over 50%. but on the other hand, we have to remember cyclical companies ge
CNBC
Jan 14, 2014 12:00pm EST
bear. >> i think the bash case is well-known at this point. there's a lot of exposure to china. a lot of exposure to coal. that is not looking as good as it had in prior cycles. i understand all of that. as warren buffett is fond of saying, the news hasn't gotten any better but the prices sure have. this is a stock with 3% yield selling at ten times earnings. had a huge rally off the bottom last summer of almost 50%. it's digesting the gains since then. has not gotten off to a good start this year. i got to tell you something. you still have 30% of the float short. they have not covered from those summer lows. quite frankly, i think we're at a point where the estimates and the negativity surrounding this stock are over -- about to change. >> with all due respect to warren buffett it's not about price, it's valuation. >> i think that's what he meant. but continue. >> i'll try and clear it up to for you. >> sure. >> value you asian has not improved. they got joe cash. going to do away with the yield. if you focus on this headline here, china's increasing there large capacity by 100 mill
CNBC
Apr 9, 2013 12:00pm EDT
, you didn't have the central bank in the u.s. doing what they're doing. nor do you have china doing what they say they are. how do you account for that in your models? >> clearly the market is levitating because of aggressive actions, but i'm putting my fundamental hat on here. there are three influences on the market with a steady 2% growth and fairly stable, housing is back as a tailwind, and then we have had europe and china. of course, china slowed down last year because they had to tighten because they overstimulated in '09 and now they are rebounding again, but it's a shaky rebound based on shadow bank lending. europe, remove the till risk by saying the three magic words last summer, whatever it takes. the risk was that the country would be kicked out, but now we have a risk that the country may want to leave because nobody wants to see their citizens' wealth confiscated. these are tail risks that may be coming back that have been dormant the last six to nine months. so i worry about that. >> great to have you on the set. thank you for coming on. it sounds to me like you're sa
CNBC
Oct 29, 2015 12:00pm EDT
. and, finally, europe's largest chipmaker st micro blaming china for a weaker than expected quarterly results. bear in mind, when all is said and done with the widespread expectation that exactly five weeks from today the ecb will double down on qe. it's worth pointing out that the broad stock index at 600 is still up, scott, over 7% in just the last month. back to you. >> all right. simon hobbs, thank you so much. >>> coming up, it would be the biggest take-over of the year. how should you trade a possible pfizer-allergan deal? >>> baidu, starbucks, and many more on the plate. we'll have your trades coming up. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ...of fixodent plus adhesives. they help your denture hold strong more like natural teeth. and you can eat even tough food. fixodent. strong more like natural teeth. fixodent and forget it. >> nancy pelosi presenting him with the ga
CNBC
Mar 27, 2013 12:00pm EDT
morning. final trade time, dennis. >> it is the largest search name in china, baidu. it's cheap enough now where i think you have valuation play. >> they're not as high. and these guys are getting some of the crude out of canada very, very inexpensively. >> hertz. it is a name we have spoken about. these guys are transitioning into higher margin business. they are doing phenomenal. but the near t
CNBC
Mar 12, 2015 12:00pm EDT
governor of china's cen brawl bank said there is no need to change its monetary policy despite evidence that the second largest economy is losing momentum and said he is not worried about the u.s. fed's next actions. viacom agreed to pay $7.2 million to settle a lawsuit filed by thousands of sberns who said they weren't paid despite doing work to paid employees. it covers interns who worked in new york from 2007 to 2013 and in california from 2010 to 2013. >>> raising the minimum age to purchase tobacco to 21 or 25 would significantly reduce use and related illnesses in the united states according to a study published by the influential institute of medicine. you're up to date. that's our news update at this hour. back to you, scott. >> sue, thank you so much. it is a story as you know we've been following here. the lumber liquidators fallout. the company went on the record to address those issues today. really fighting back to tell its side of the story. scott cohen is live with all those details. that, scott, is what this was. the company story -- >> yeah. scott this is really part of
CNBC
Oct 5, 2012 12:00pm EDT
abroad so i want to open up more trade with other nations and china is stealing jobs unfairly i'll crack down on china. number three, number three, i want to make sure that our people have the skills they need to succeed, so we have a lot of government training programs. and that's all fine and well except there are 47 of them. federal government training programs. and they report to eight different government agencies and so the overhead cost of all of this, this burden and bureaucracy is just killing. i want to take the money the federal government is spending on training, bundle it up, send it back to virginia, its fair share, and let virginia do what's right for the people of virginia with their training dollars. and let me mention as my number four here to get this economy going and to create more good jobs. let me mention something about the deficit. this idea of every year america spending and the federal government a trillion dollars more than we take in is bad for our economy and bad for the next generation. it's immore for us to keep spending than we take in. oil cap fede
CNBC
Jun 19, 2015 12:00pm EDT
china. market rolling over there one of the best performers anywhere around the world this year, rolling over, now some folks talking about a bubble now bursting. what are our thoughts here? >> scott we've been talking about this on the show for a couple of weeks now. because there was a period of time where it was up 4% one day. down 4% the next day and it was see-sawing, you could tell if you're a student of the markets that that's an omen that something is about to happen. the question is does this transmit to the developed markets and let's focus on the u.s. i don't think for one second that there are leveraged players in the chinese market who have going to have to sell american stocks in order to fund their margin calls. that i think not going to happen. >> but when you have people talking about putting chinese stocks into the eem and right around the same time that what some people call a bubble, josh, in the chinese market is bursting. it's sort of makes you i don't know, maybe makes you laugh a little bit. maybe that was the sign of a top in the market or thereabout. >> sure. th
CNBC
Jun 9, 2015 12:00pm EDT
looks about like with a we said on the earnings call. china and some emerging markets in asia continue to be soft and we're seeing some pick-up there now. but it's still relative to what it's been in the past. relatively soft. north america most of western europe looking strong, rest of the emerging markets, kind of a mixed signal. the consumer we're kind of the consumer is hanging in there. but it's nothing is outstanding. we're looking into the second half. we've got windows 10, our sky lake launch, great form factors coming out. that's really our move to the focus of the future of the second half of the year. we've got some products that are just fantastically good. >> brian, intel capital diversity fund, $125 million to women and under-represented minorities. ten times bigger than any fund we've seen in the past. lisa you're going to manage the fund on top of software and services for intel. thanks so much for joining us. >> pete what gets intel the stock, back on track? what are the worst performers in the dow, year to date? >> i think it's going to be a combination of th
CNBC
Aug 29, 2013 12:00pm EDT
drawing a distinction between economies like china and russia that are not in the same boat. right now it's really hard to just look at the bricks and say buy or sell. you have to be more selective than you have been historically. >> i think you have to set up the way did he, which is hedging it. he doesn't like some economies, he likes russia. so he's taking out the actual emerging market risk to go long just the fundamentals in russia. i'd also point out brazil tightened again. that's not an economy that should be tightening. it's just stunting growth. >> i thought his comments on china were interesting. we follow china very closely. i think the economic data points have been improving but the fact he wasn't so negative, we've had time and time analysts and pms come on and say how negative they are on china. i think the fact he's waiting to see. breakout, i don't know, we'll see. we like the data. >> we head to the skies and into the stores to bring you "halftime's" top three trades of the day. and we're going to check the latest pit action on gasoline when we come back. (announcer)
CNBC
Jan 10, 2013 12:00pm EST
since last september. >> hey there, scottie. good news out of china is good news for crude, right? the question is how are trading playing that news? jim, i want to start with you. is $100 for a barrel of crude right around the corner? >> i don't think it's right around the corner. i believe the china story is really, i believe in the domestic story here and i think saudi arabia wants to support the price of oil. i don't believe in buying crude when it's up 10.5% over the last couple of weeks. clearly the market has priced in a lot of that stuff. i'll be wrong if crude can go above $95 a barrel and feel comfortable there for a couple of days, then possibly i'll be in. i think you get better levels to buy probably and 90.50. >> do you feel it's overdone at this level? >> i absolutely feel it's overdone. wti showed a 30 million barrel sur applause year on year. even though the china dat ya yafs -- data was good, the eu posted information that was credible. we're going to hit resistance around 94.50 in that area. i'm going to sell it the first time out. >> don't you see $100 by summe
CNBC
Mar 5, 2015 12:00pm EST
central bank action. prospects for higher rates. potentially slowing growth elsewhere in china and japan and the eurozone and what's happening there. i think the first thing that i look to when i look out on the horizon is an opportunity to take advantage of a pullback, would be when rates start to tighten in the u.s. we actually think that's going to happen from a timing perspective because the data suggests it should, earlier rather than later. >> you think june? modeling the way you're putting money to work for your clients june is going to be the day? >> june will be the day. we're going to use that as an opportunity, that volume as an opportunity around that much like may of 2013, to add position. we think that could be -- we don't think markets are pricing in an early tightening. >> hold your thought and i mentioned we were going to continue to follow that developing situation out at laguardia airport. sue herera has the latest news for us. sue? >> yes, scott. we have more news and developments out of this incident at laguardia. just to recap, it was delta airlines flight 1086 orig
CNBC
Feb 19, 2016 12:00pm EST
march 10th. lastly the hot spot continues to be china. the lunar new year coming to an end this weekend, which means potential volatility could pick up. all eyes on the central bank of china to see whether they will continue to weaken their currency. >> that, of course, could spell trouble for stocks, simon. >> okay, seema, thank you very much. have a great weekend in the meantime, coming up on the program, three hours left in the trading day, we're looking ahead to next week's earnings report, which include macys, l brand and j. this when c. penneys and mor. you can't predict... the market. but at t. rowe price, we can help guide your investments through good times and bad. for over 75 years, our clients have relied on us to bring our best thinking to their investments so in a variety of market conditions... you can feel confident... ...in our experience. call a t. rowe price retirement specialist or your advisor ...to see how we can help make the most of your retirement savings. t. rowe price. invest with confidence. won't keep you up at night.n know you have insights from professiona
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