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20171211
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CNBC 107
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Search Results 0 to 49 of about 107
CNBC
Dec 10, 2014 12:00pm EST
know, public record. but there were people who were part of hong kong, not mainld china but they froze the assets and i believe it was 20 or 30 million dollars. obviously any time you have a situation as mark cuban knows too well when you have a situation that someone believes there was nefarious actions taken they freeze the assets. but they are not going to take it back to china with them unless they really stayed under the radar with a very small trade which again is not really how things work. >> this conversation i know is going to continue to have legs and we're going to continue to follow it. let's move from the c suite. one of the world's most well known luxury department stores to the chairman on the national retail federation. one of the industry's top insiders. steve sadove. good to see you. welcome. >> thank you. >> what do you think of -- >> do you have an opinion what you just heard on the desk here. >> i don't have an opinion whether whether should ore should be listed. it's global acadeeconomy and th consumer wants to shop with alibaba. >> whose going to win? >> i i thi
CNBC
Mar 30, 2016 12:00pm EDT
staple product for a large section of the u.s. population. now china, now europe. isn't a serious competitor at the high end of any scale and these products are rebought just like other consumer staples and if you look at it through the prism and you're buying it with a descent yield it's not a terrible hold. whether or not they find the new platform this year or next year or the year after you're still getting paid while you sit here. >> i don't buy upgrades period. >> quick programming note as well that we'd like to share with you. the former lehman brothers cfo joining the closing bell today. it's an exclusive interview. and talk about what she is up to now and maybe reflect back as well on that period some years ago in the midst of the global financial crisis. coming up next, a check on the halftime portfolio challenge. less than two days trading left in this quarter and josh says it's the most uncomfortable he's been since the beginning of the competition. find out what moves he's making as he goes after the jewel encrusted belt of champions. halftime report back after this.
CNBC
Aug 12, 2014 12:00pm EDT
, china and ukraine. the russia and ukraine increases based on harvest reports that indicate very high winter wheat yields especially in russia. analysts expecting that ukraine maybe trying to push out exports early in case there is an invasion and trouble. soybeans in line, government expecting production of 3.8 billion and yields of 45.5 bushels an acre. >> hearing a lot about bumper crop in corn and what that's going to mean. >> less, it looks like now, than the street expecting. >> jane wells, king digital, report earnings today after the bell. morgan brennan has preview, focus because of zynga. we are looking for? >> after the bell, king digital reporting quarterly earnings for the second time since going public in march. estimates earnings of 59 cents per share on $608 million in revenue, bookings and active users in focus, so will the company's priceline. king's best known for candy crush. bookings on the decomplalindecl. analysts expecting increased bookings from bubble witch. analysts say king has to overcome wonder status, a challenge for most mobile game makers, competitor z
CNBC
Oct 23, 2015 12:00pm EDT
is that we've got draghe reinforcing what he is going to say. japan may go next week. china will go more. we don't know if it's working or not. the bottom line is with global easing going on, you have to be in the market. >> central banks get more involved. stocks go higher. >> it's not that complicated. >> some of the smartest guys that come on this show, like carl icon, with the september 29th gift to the stock market. that was 200 points ago, folks in the s&p 500 that carl came out and warned us. >> tech stocks, which i love along with you, big guy, these things are on fire right now. the only old tech stock that's sucking wind is ibm, and that's because it's not so much a technology play as it is a services play. >> well, you look at microsoft, for example, if you want to bring up ibm. cramer today saying they're getting it right. the stock, michael block, is at a 15-year high. cloud crushing it. bank of america upgrades to buy today. the sentiment on this name appears to have dramatically changed. >> yeah. sentiment of some of the names is incredible. we're getting microsoft, a
CNBC
Jun 1, 2012 12:00pm EDT
world where europe goes into a deep recession, where china slows more than expected? >> yeah. i mean, look, the signals are out there, certainly slowing in china. japan, for the last 20 years has been a mess. and europe, there are very troubling signs there. spain is a lot bigger than greece. in a lot of ways we are getting a sense of deja vu here. i remember in the dark days in last september where every single time i read, i opened the newspaper and turned on the television, it was yet another person saying that europe was doomed and it was going to have its leaning moments. it didn't happen and i don't think it is going to happen this time. europe has big issues for sure. certainly not bullish on europe, but i think the policymakers of the world learned a lesson from lehman brothers, don't allow a complete collapse of the system. and europe is enormously wealthy. they have money they can throw into this problem. so my guess is they muddled through this. >> whitney, thank you so much for sharing your information with us. >> pleasure. >>> you have a guy like whitney tilson who looks
CNBC
May 7, 2012 12:00pm EDT
going to have a better place. >> china is producing it at a lot lower. >> he thinks it's going lower. there is going be a better one. >> i agree with them. he is mark fisher. number two i agree because the trend has been lower and a lot of speculators go in there. institutions don't know what they are buying or the dynamics of the market. >> it's coming out of the market right now. i don't know what the actual dollar amount is. i think there is more to come. >> had this to say. perhaps the markets are right. it may not br a big deal if they leave. >> maybe at first blush was going to be france. but it certainly seems if you take a step back at what happened in greece may have a longer lasting impact. >> we have already had our greek moment. . at this point, what happens in greece is a little bit of a side show. esspeshlly because in our forecast, really another round of election is quite possible. in the next 30 days, the greek population is likely going to be told exactly what it means to be voting for parties such as gold and dawn and so on. other opportunities to express doubts wi
CNBC
Feb 16, 2016 12:00pm EST
banks, china's credit pile. is this a punk rally we have gotten the last couple of days? >> when you get a decline in the marketplace it takes the shape of an alphabet letter. sit going to be a v in i don't think so. it's going to look more like a u. hopefully it's not an l. the first thing you want to see is stability in the marketplace. scott you're beginning to see that companies are buying back stocks. i like what's happening in the next couple of days. we want to focus on the economic data you're going to get. tomorrow you're going to get housing. tomorrow evening chinese are back. you'll get the inflation figures and let's motte fnot forget the. stability first. that's what i like. >> come a long way in a couple of sessions but it's the question that continues to haunt investors. is it going to be a sell into the rally as it has been on every occasion since we started going through this situation? >> one thing i'm certain about is volatility is going to continue. absolutely positively and what i have been doing is just paying attention to the extremes so when we get so oversold
CNBC
Feb 27, 2017 12:00pm EST
improving. we're seeing the size of inflation everywhere. seeing it in china, in the u.s., even started seeing it in europe. >> on the same side with you. >> 3%. >> okay. let me do the talking since we're on the same side. we'll both do better. >> i'm summarized it in one sentence. >> if i were -- if you're setting up for a year from now that's how i would set it. . in terms of what's going to happen with the fed, i think you're getting a free shot at setting up the fed tightening in march because they're taking a look here and seeing what's going on and i'm going, go in to, if we're still where we are right now, i'm going or 15 and 16 longer banks. >> tell me what a does to stocks. does the money coming out of bonds go to stocks? >> the next day doesn't matter. >> it doesn't matter. it doesn't matter because the fed is reacting to improving growth and inflation. that's a better backdrop for stocks. yes, short term cautious on the equity market but on the longer term, one year out, bonds are higher and equities are higher as well. as long as the fed is not ahead of the equity ma
CNBC
Apr 4, 2012 12:00pm EDT
, that doesn't exist anywhere in the world. it doesn't exist in china. you have a central planning philosophy that has tremendous arbitrage over a couple hundred million of rural to urban young employees moving, and now you have perhaps a harder landing than we thought. and it certainly doesn't exist in europe, which has this jurassic park environment of entitlements which has choked it. so, the proxy for wealth creation for everybody else in the world is the u.s. stock market. and the transparency and liquidity in the legal system will continue to assure that we're just at a temporary blip and i'm not a very good fast money guy because i'm in the slow money business. i think slow money at the end of the day is the name of the game. >> let's do pops and drops. the midday market movers that might not yet be on your radar if that's even possible on a day like this. us airways group popping 2%. >> i like it. i own it. and the reason is, that they're not dependent upon asia and europe. and i look for domestic plays. it's two times earnings. it's tremendously cheap. oil is coming down.
CNBC
Sep 23, 2015 12:00pm EDT
shaking off today's weak manufacturing data out of china. this as china's president xi jinping kicks off a high profile meeting with business leaders like warren buffett and amazon's jeff bazos. michelle caruso cabrera is live with more. >> hey there, brian. we expect that meeting is starting right about now. it was organized by hank paulson, former treasury secretary to bring together xi jinping with a lot of those ceos. we got in will to set up camera and equipment, and we were able to take this photo to show you some of the seating arrangements general motors ceo mary barra will be there. warren buffett will be there in. tim cook. the list as much longer than that. we're going to be able to find out what xi swrin ping told them, and we'll you that later in the day. meantime, we've already heard from the chinese president. he made a speech last night in a very big dinner with -- he mentioned the stock market, which, of course, halftime report has been so focused on what's been happening there. xi jinping defended the government's interventions and efforts to prop up the stock market. t
CNBC
Oct 25, 2012 12:00pm EDT
positives that are going on here in the united states. china seems to be stabilizing in a bottoming kind of process. europe is off the front page. valuations are not extended. earnings, okay, i'll give you that, they're not great. but i think a lot of bad news is discounted in. what are you thoughts there? >> i'm not sure a lot of bad news is discounted in to be quite honest. if you look at where the multiple is from the june low to the september high, we had multiple expansion that equated to the trough to peak expansion affiliated with qe-2. we had some pretty tremendous multiple growth in that period. the result was a mult pl that was sitting a full standard deviation above its trend line. for us that's a signal to get more cautious. in terms of the other factors we agree housing is starting to improve. auto market looks stable. household spending looks stable. that's reflected in our sector allocation strategy which is highly focused on consumer segments of the market. more defensive segments of the market. more domestic sectors. i'm not sure i want to read too much into china. chine
CNBC
May 14, 2015 12:00pm EDT
subscribers. although i don't know. i've been friends with ann and traveled through china with her. we pay an annual subscription like the rest of her clients. >> are you connected at all with mythra, which put out a report may 12th. the jay capital report came out on may 13th. the mythra, the blog and the letter came out on may 12. >> i spoke to mr. mythra, who didn't tell me his name. he said call me mythra, yesterday. i sent him an email through his website and said call me, i would love to discuss your report with him. he's a fascinating guy. i think he's a professor. >> you're not connected, though? >> no. i don't even know who he is. >> for this jay capital report. you subscribe to it you did not pay for this report specifically. did you know when it was going to come out? >> no. >> did you change your position ahead of its release? >> i actually forwarded ann the mythra report because i knew she had been working on this. because it's been something she had initiated on a year ago. her first discovery a year ago, is what got us short the stock. she discovered they had seven physi
CNBC
Oct 27, 2015 12:00pm EDT
read through for me so far has been how did nike do and how did they do in china when there's nothing go on in china, and meanwhile, their sales are up the way they were. now you get the alibaba news. this ties into how is apple doing over in china right now? so many people are saying, wow, there's no way they are going to be doing anything. >> the numbers in china are going to be good. >> are they good or great? nike numbers were great. these baba numbers were pretty cool. >> i think the risk is to the great side. >> right. >> if you listen to blackstone on the strength of their mall business in china, if you listen to nike on the strength of its business in china -- >> listen to tim cook. >> they said there's been no slowdown, that it's bin strong. i think the risk is to the great side. >> well, so you don't have the wealth effect in china that you have in the u.s. if we have a stock market that tumbles 30% in a couple of months, you will absolutely see that show up in retail numbers eventually. china is not quite the same story. the market is not as institutionalizeded, and they do
CNBC
Feb 11, 2015 12:00pm EST
market but internationally when looking at larger format phones, look at china, see some of the numbers out of there. they can get deeper, that's going to get bigger. >> might be goofy but once it split it's up 35% since the split. and i do think that there are people who look at a $600 stock, $500 stock, get a little sticker shock that might be a little more willing to buy it even though it makes no sense whatsoever, we see that kind of behavior -- >> mentally it does for people when you see these splits it opens up the opportunity that seven for one opened it up. i don't think the stock would be where it is today if it was trading up there. >> here's a legitimate concern. the concern is it's so well known, so widely owned, aside from jon who's the margin buyer to come in. >> jon. >> carl icahn made the case there is still that buyer out there, sort of de facto short squeeze takes effect from people still under owned, under weighted. >> under weighted in the institutions. here's where i think comes from. the market is not going up and apple is going to be left behind. if the ma
CNBC
Apr 17, 2013 12:00pm EDT
of oversupply in the channel. that's true of iron ore, true of the other metals, as well as china slowing. so obviously, when any company slows, when any commodity slows, you've got to look at supply/demands. >> -- perfect indicator. >> it's only one. >> yeah, but copper used to be in tight demand until recently. >> but don't -- every commodity. look at the -- >> i'm not -- i've been negative. i've been short with metals. short iron ore -- >> right. the point is that goes right to the fundamental question of this market, is that is it oversupply? the commodity route we've seen, is it oversupply? if it is, that's great for the -- >> dr. j, any insights for options, what's going on? >> i think he mailed it in terms of the markets. when you have margin calls being made, and clearly they were being made, and people being in forced liquidation mode, just as jim cramer says, when that happens, they're not asking questions. they're telling you what you're going to do, and then that wags the dog of our side of the market on the s.e.c. regulated products. >> the next guest was the first on
CNBC
Sep 19, 2012 12:00pm EDT
all of these things and china and we priced into the best of our ability europe and we priced in so many of these different issues but the only thing that we haven't priced in is the fiscal cliff because turning out people don't seem to be that nervous about it, but if you really look at the numbers and i think they will in the next couple of months, it starts to get a little bit scary. i don't know you would get to afwreemt. >> you're not going to get one before the election. aren't we poised for a pullback? >> yeah. i will disagree. the market overall has not priced in all of those negative scenarios. markets trading at their highs, five year highs, hard to make the case they priced in so many bad things. it is a bifurcated market. if you take a look at the material stocks and take a look at kohl'sstocks, they're trading very, very locally valuations and deservedly so. the moment of truth as i said is earnings. last quarter we scathed through. this quarter will be much worse and we're going to see guidance come down and it is going to disappointment the street. >> you're already g
CNBC
Sep 13, 2012 12:00pm EDT
global mon tai policy being very easy. europe is off the front page. china is now participating and that is a very good thing long term for stocks. >> play it here, dock. how do you play it? do you stay with the winners in the market that have largely gotten you here? the risk has been on. you've been going toward the cyclical stocks. is that about to fall apart? >> i don't think it's about to fall apart, scott, but i'm with stephanie. i don't thing that there's going to be as much to what the fed's going to give us today as far as that quantitative easing and/or stimulus that josh spoke of. i think it's going to be mainly the language and not the action. thus, i think we could see that pull back in a number of stocks and in particular the broader indices. but if you look at the s&p 500, i'm staring not just at the vix which is spot but i'm looking out at the futures. futures have broken down to where the november future's now under 19. so they're all teenagers now. september, october, november futures are all in the teens. that's certainly not telling you that anybody who's putting thei
CNBC
May 5, 2014 12:00pm EDT
counter this increase with monetary easing. china is faced with falling producer ppi crisis and our current issue with japan. with that broad backdrop in temps of global accommodation is a positive. when you look at our market in the u.s., look at the long bull markets, five years plus in the last 30 years, three of them, this is the fourth, we have a lot of similar characteristics in terms of relatively steel curves and skepticism. the international situation could do some. we can do fine here. it's not a raging bull, more of slow bull where the market can approximate earnings growth plus dividend. >> investors raised the flag to a potential bubble in certain aspects of the stock market. what are your thoughts on that? is there a bubble in pars of the nasdaq specifically? >> we think the bubble is on the fixed income side and bond side. as far as the nasdaq i like these rolling valuation corrections we had in certain areas like biotech and social media. the bond side is a different animal. as long term top down investments we think the overwhelming theme the next 10 years is how th
CNBC
Nov 6, 2014 12:00pm EST
? >> i think it is. because the u.s. growth has slowed and there growth has to come from china and europe. soing michael kors here and it just seems that europe is in a sluggish state. >> appreciate your time. >>> last time he was on the show michael carrish told you do get aggressive and buy stocks. if you made the bet it paid off big time. and with cheap money still available, is he maintaining his bullish stance. up next tesla's earnings surprised had street but is momentum stock still picking up speed for the guyes on the desk? there's a difference when you trade with fidelity. one you won't find anywhere else. one-second trade execution. guaranteed. did you see it? in one second, he made a trade, we looked for the best price, and the trade went through. do the other guys guarantee that? didn't think so. open an account and find more of the expertise you need to be a better investor. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packa
CNBC
May 16, 2017 12:00pm EDT
, there is an emerging g trade. when you look at this silk road infrastructure plan that china is rolling out, a trillion dollars in infrastructure connecting africa and other partd par parts of the world and spending more, the trump trade might be being replaced in which the caterpillars and deeres are the ultimate beneficiaries of this, so while we may not be doing a trillion in infrastructure, china is is. so we can conflate these issues easily, now, this trump trade is beginning to roll over. i'll agree with stephanie, it has rolled over and for the period of time prior to china making its infrastructure announcement, those stocks that would have benefitted most in the last several weeks from the trump agenda have stalled out and have rolled over, so there is some uncertainty about whether or not any of this will be enacted this year with two budget reconciliation bills possible. one has passed, so we have one left. there was a thought among market participants that this would happen with great speed. that's what was discounted with the market. that is no longer the case, but china on
CNBC
Apr 20, 2015 12:00pm EDT
back on more global stimulus, this time in china, it's the biggest week of earnings season, 40% of the dow are reporting this week. jim, we already heard from joe, what do you think is driving the market? >> listen, i think today's rally is the snapback from friday's selloff which i didn't quite believe. frankly, i think what we're seeing in earnings reports thus far is that earnings exceptions were set too low. we'll see if that continues. the one thing i'm keeping an eye on here is whether dollar strength plays through in the earnings reports. that's what dragged down earnings estimates and clearly if you look at intel and others, its been dragged down too low. the big daddy is ibm tonight. they have a lot of overseas exposure and we'll have to see how the dollar hits them. >> what's your assessment of earnings? what it's doing for the markets? >> earnings season is pretty much on track with where it's been. i don't see any real major surprises, but turning to price action, michelle, couple of interesting things that traders are talking about, i think worth pointing out, because they
CNBC
Jan 14, 2015 12:00pm EST
looking at deflation possibilities, japan, china, europe, everywhere else, how long can we hang on to growth? so if growth is in question, that's the major question mark here. >> josh brown, what do you do with this market? you've got rates at levels we haven't seen in some time. 30-year the lowest level on record. >> right. >> what's the message of the market over the last couple days if you're an investor or trader what do you do? >> i think the key things is not to allow for counter trend moves in the market to sway you from the big trends that mean the most in the fullness of time. this is what i would call a trader's paradise. elevated volatility, but not too elevated. in the meantime these four trades where the trends are so distinct, so undeniable, that virtually everyone is making money on at least one of them, if not two. stock is up, dollar up, oil down, yields down. if you have had trouble figuring out that's what's been going on for the last few months you probably want to find a different vocation. you have these drastic counter trend moves, don't allow them to dissuad
CNBC
Feb 13, 2015 12:00pm EST
mud, china has plenty of issues with it. >> i dare you to say au via. >> i'm not saying it. >> here's the deal in reaction to josh's comment. always a mistake to look where stokts and markets have come from. if you did you would have sold apple ten years ago, maybe five years ago. i think you have to look where the fundamentals are now, where they set up in the future and discount that. and to me, you've got so many issues in emerging markets. china still a house of cards. russia, i mean it's made emerging markets better, it could fall apart. india, you can buy an etf there but few invest stocks there. maybe 20. i think the u.s. sets up nicely and don't think the rest of the world will move without the u.s. moving as well. >> four out of the five say the united states. i'm going to call that consensus. doesn't that make you nervous? >> this smart group, no. that's an excellent point. >> it's not -- >> at least three smart people. >> not a strong enough consensus. josh saying what he's saying and all of us saying it's not just the u.s. it's other areas. >> can i just -- the
CNBC
Apr 4, 2017 12:00pm EDT
, let's see what he said on china. jamie diamond says the united states has some serious trade issues with china which have grown over the years. however there's no compelling reason that china and america have to clash i'm hopeful they can be resolved in a way that is fair and constructive. or nafta, similar tone, he says while there are some clear identifiable problems, identifiable problems with nafta, i believe they will be worked out in a way that is fair and beneficial for both sides. he keeps some of his strongest words for the eu. he lists their problems. immigration, bureaucracy, the ongoing loss of sovereignty, and labor inflexibility. he addressed this as saying he hoped brexit would lead to the eu to address those problems and work on them, but he does fear the opposite is happening. he says the unraveling of the eu and the monetary union could have devastating economic and political affects. he says though, while we're not predicting this will happen, the probabilities have certainly gone up. so some pretty strong words about the situation in europe. i should say, as i sa
CNBC
Apr 25, 2013 12:00pm EDT
, freeport mcmoran last week, timkin yesterday, china is not that bad. these companies are saying it. i'm not saying we're going to see explosive growth, but it's not declining. and these stocks, these industrials, these mining stocks are trading as if it is. and so i think the expectation game is low enough for the industrials and energy to joe's point where i think that's where you can actually start to pick at. >> when you talk mining stocks, right, the one that you guys always sort of battle about is vale, right? >> yeah. >> lackluster quarter at best. >> excellent quarter. >> come on. >> excellent quarter. ebitda beat, costs were down 40% sequentially. they're doing better, not in iron ore, but better in base materials. base -- the base business. and that, i think, is where you're going to be seeing an unlock of value going forward. stock's trading five times ebitda. expectations are extremely low and 5% dividend. >> weiss, what are you trading? let's not talk vale right here. but what would you trade today? given the fact that if you put everything in context that's happened ov
CNBC
Sep 17, 2015 12:00pm EDT
large caps at a time i'm really worried about china and some of the issues around the world. earnings coming down. these multi-nationals could be in trouble. why is it going to work? >> let me tell you a little vet. leaf these multi-nabls in the u.s. have nothing to do with em growth. they actually do really well in global downturns because these are quality stocks. brand equity, with survival of the fittest type of stocks in an environment where growth is slowing. that's exactly what we see as the cheap real opportunities within the stock market. >> what if these large caps that are cash-rich have also spent the last few years like many of them have borrowing cheap money to buy back shares and that starts to wane and so they have to stand up on their own. i think something like 20% of the earnings growth we've seen over the last seven years is a result of buybacks. >> not to mention, i mean, on josh's point it's not only their earnings growth, but it's the stock market growth, right? >> right. >> up until, you know, six to 12 months ago we were seeing that the market was be
CNBC
Oct 22, 2015 12:00pm EDT
the worst with the economy and with china and some of more sensitive stocks that should start to do well zoosh your biggest holding, in fact, is am sdwlon. just added your position. a few months ago it gave us an attractive bring point. i'm very optimistic about what they'll say tonight. i'm also broadening out our holdings into some other areas as well. such as what? >> applied materials. avago. we're seeing a lot of m&a activitied and improving fundamentals in that sector if you, for example, look at what texas instruments had to say last night. >> is there anything that gives you a more positive sense? do you just disregard that? >> well, i think what's going on is the these are increasingly big markets. that's where you are seeing the strength. apple will have a good product with the 6s. they have the fantastic install base. my only argument would be it's not going to be quite as big as the six and the stock because of the law of large numbers. won't be a fantastic performer. >> i do want to know that you have the dow jones industrial average. it's now better than 300 points. it
CNBC
Nov 28, 2012 12:00pm EST
of the europe and china, and pushing it into the u.s., and then pushing inkrechbtives. >> i think that's a big product of it. we have a new e.s. this year, so i think we'll get closer, so there's no doubt that the cost of currency playing a big part in this. >> will i chase them, raise incentives for your luxury brands? >> no, it's not worth chasing. it's important that we take care of one customer at a time, sell the volumes we need to sell. >> real quick, we're here at the prius stand. you guys are standing by your position that hybrids is where it's at. >> yes, we are. the market is about 3% hybrid, we're about 14%. we'll continue to push hybrids. >> jim lentz, with his first on cnbc interview here at the auto show. >> thank thank you very much. >>> stef, you like the parts suppliers? >> i was just going to mention, the fuel emission standard changes borg-warner helps to make those parts, so i think you'll see continued secular growth in that theme. that's the name i like. the stock is done on the backlog weakness. i like that story. >> who would buy one of the main eight omake
CNBC
Nov 10, 2017 12:00pm EST
from the perception and its impact on the relationship between the united states and china. as a macro political economic concern, korea is as much to do with theway through asia we are just getting started here we have so much more coming up on this special edition of the "halftime report." [ cheers and applause >> announcer: veterans day edition of "halftime report" live from the intrepid museum. navy man, former new york giant and now wall street executive bill mcconky comes aboard. he joins us on the aircraft carrier intrepid live. before the break our data partners at kensho show investment between thanksgiving and the new year is a good way to go. the dow's up on average 2.38%. the s&p up 2.11% and the nasdaq up 2% between the holidays since 2010. for more go to cnbc.com/kensho "halftime report" live from the intrepid sea, air and space museum returns in two minutes. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> announcer: this is a special edition of "halftime report" live from the intrepid museum. now once again here's scott wapner and the "halftime report" traders. >>>
CNBC
May 8, 2013 12:00pm EDT
search versus their paid search. and they're back advertising in china. they're running ads in china. they'll get paid for it. >> the ad rev growth is slowing. the margins are starting to compress. they really have no presence and haven't made any efforts to get a presence in china. so there's a lot of things i could say are very positive for go google. the fact that, scott, this stock has taken off. i love it. it is off to the races. it's again up $12 today. >> why fight the momentum? >> i agree with you. i'm not somebody who likes to fight the momentum. when you look at this as a valuation play, we heard earlier talking about the housing market, i think google's a little bit in front of itself right now. >> the only thing i worry about on the bear case is they do have the issue is do they own that content on youtube. that's always been an issue for me. but if they're able to monetize it, take $1.99 a month for up to 50 different channels, i think that's going to be huge for google. >> there's no doubt about it. john's right at that point. i still say this, if i want to be in that s
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
Apr 1, 2015 12:00pm EDT
over in the middle east in the next. we look over to china the next. there is always going to be something. but i think when you look at the overall scheme of things, what really performed last quarter, we looked at some of those health care names. they really had an incredible run to the up side. they're getting hit hard again today. they got hit yesterday. getting hit again today. i still like that sector. i like all the fundamental story behind it. but economically right now, i think there are some definite hurdles we've got to get through. are we growing fast enough, is it going to be enough, and if we are, does that mean the fed is suddenly going to make that move rather than in september, shift it over to june. everybody has got their opinions on that. and that's why the volatility is where it is. >> steve, forget about growing fast enough. are we going to go negative for the first quarter? it'possible. i saw one estimate, steven stanley, he's at zero. and maybe he's negative today. >> might as well be negative. >> the consensus is a lousy quarter. it's an unrelentingly lou
CNBC
Jun 19, 2013 12:00pm EDT
the stock market. let's say you continue to ste china implode, europe continue to slow. where are the mo we're the most attractive markets in the world. wouldn't that drive equity markets higher? >> my job is to buy when they're cheap and not when they're expensive and get out when they're expensive, and i think -- i wouldn't dismiss going from 2.2 to 3 depending on the slope of the rise could spook the market. >> it would have to be measured, i agree. >> there's no question people are moving out of the risk curve and, you know, people that used to buy t-bills they can't get any income out of t-bills so they buy t-bond buyer. the t. >>> bond buyer are buying industrial bonds. the industrial bond buyer says i'm going to buy high yield bonds and the high yield buyer moved into structure credit which is less visible market. so there's no question people are moving out of the risk curve but that's all about 675 in the s&p to 1650. >> when you're talking about -- i look at what you have in your positions almost every quarter when they release. when you look -- >> that's why you're stil
CNBC
Feb 4, 2016 12:00pm EST
internationally and china was one of the areas they were trying to get themselves into a bigger position. i think that strategy is working for linked in, but that doesn't mean that will push the stock higher after the close. should be an interesting earnings call. i'm with josh. i think you stay on the sidelines and wait for the numbers and go through them. >>> let's spend the last minute or part of it talking about go pro. stock is down 90% from its october 2014 high of $98.47. what in the world do you do with this? >> do what you've been doing on this desk, avoiding it. it is a one product consumer company. they botched everything from the marketing, and i just don't there is really a market for it, so they'll come out and talk about, okay, is it going to be bought out, the transition to a media company is off the table. i'm not buying it here. >> if you forget everything else, just remember this one thing, the biggest problem with publicly traded consumer electronics stories, nobody wants to buy a second one and once everyone that wants it has it, it sits in their drawers, they don't
CNBC
Aug 10, 2012 12:00pm EDT
halftime today. solving the market mystery. europe's still a mess, china is slowing so why are stocks still within striking distance of a four-year high. facebook tidal wave. should investors batten down the hatches ahead of next week's lockup expiration? how big could the wave of selling be? and should you take cover now? trading all the big mores today with john and pete najarian, josh brown and steve grasso. first our top story. the transformation of jcpenney. despite a bigger than expected loss, ceo ron johnson says his plan to turn around the struggling retailer is on track. are you buying what he's selling? wall street certainly seems to be. at least for today. tra traders or you pete? >> i'm not. i'm seeing this just like everybody else, i'm very, very surprised to see it get off. but it was really getting pushed down to the downsid. we were trading underneath $20 a share. this was a bad report though across the board. and then all of a sudden you look over at somebody like nordstrom's, also look at macy's the other day and you can see drastic differences in some of the perform
CNBC
Jan 25, 2013 12:00pm EST
. and china giving the company a jolt. par cdon the pun. a 6% improvement. that beat expectations. shares up 4% in today's session. actually up 4.25 at this point. >> pete, i want you to trade this. >> hold it. >> you still love it? >> still do. when you look at the growth in the u.s. they talked about the stores and refurbishing. we know the asian markets are strong. they are going to continue to be strong. i like the stock. when you look at the balance sheet that stands out. they are sitting on a mountain of cash for a food company, beverage company, however you want to term it. when you look at cash versus debt this company looks unbelievable. it's going higher. >> i want to show you a picture of president obama. he's coming out now. he'll name dennis mcdunough as his next chief of staff. let's listen in. [ applause ] >> good afternoon, everybody. welcome to the announcement of one of the worst kept secrets in washington. as president i rely on an extraordinary team of men and women at the white house every day. i rely on the chief of staff to make sure we are all moving in the
CNBC
May 30, 2013 12:00pm EDT
export zoom. but china is also slowing. so i worry a little bit. the issue's not cooperation. they are rock solid. can you get the growth that validates the fundamentals that you need to validate the prices. and that's the big question mark. >> so one more quick question before we go. as we talked about sort of walking back from risk. the question that josh brought up. so you guys right now as you've seen this sell-off in treasuries. you're not buyers of treasuries at this particular time? >> no, in general, we think treasuries are still range bound. and we have indicative levels, indicative of 2.25 on the 10-year, right. that's the range we set. and we don't think that this is the beginning of the cyclical bear market. we think we may get a secular bear market. interest rates have bottomed. remember, he was talking about yesterday on cnbc. we're on the bottom, right. so we're second, entering a different phase for the bond market. but we don't think it's a cyclical bear market for interest rate risk as yet. >> interesting. mohammed, it's great to have you on the show. thanks so mu
CNBC
Mar 31, 2015 12:00pm EDT
favorable news, which we got from the people's bank of china with the potential stimulus concerning, what the upside could be like. i think the next three weeks or so, focus on consumer discretionary, consumers' effect on health care and even consumer staples themselves. there's a lot of pent-up frugality that you will see be reflected in consumers being going out and spending. i think earnings estimates are way too low. this number friday in the jobs report will be much stronger than people think. i think over the next three weeks, bet on the u.s. consumer. where does that lead to you? that leads you to technology earnings towards the back half. but for the next few weeks, i think the consumer takes the market higher. >> michael, you think earnings estimates are too low? that's what it comes down to. >> by the time they're reported, yes, they'll be proven to have been too low. and the slashing of the estimate has been priced into the sectors most affected. i think until it stops working last year's model for the market went and continues to be worth watching, meaning just about fla
CNBC
May 4, 2016 12:00pm EDT
thoughts on china, and get to the breaking news of john kasich leaving the presidential race, and it appear appears that though the dance floor is cleared for the trump/clinton ticket. what are your thoughts? >> well, scott, first of all, thank you for having me here, and it is a pleasure to be here. we are down to the two-horse race obviously, and going to be hillary versus trump, it appears, unless there is some last-minute machinations at the republican convention, but at the very least, it should be interesting august, september, ookay, and we have not seen anything like this. >> and it appears we will not see a contested convention at the way it looks now, and are you disappointed that the vice president did not run? you have been an outspoken supporter of his. >> well, the race would have been more interesting on the democratic side if he had run, but i am sorry that he didn't, but he had important reasons not to, but having said that, the democrats are in good shape going into november. >> that is interesting what sort of going to take place, and what about the market, and the
CNBC
Aug 17, 2015 12:00pm EDT
focus right back on everything in the global world and it's not only just china and greece but obviously, all taking a look at what's happening with oil. all kinds of different things, scott, i think pulling us in various direction. certain areas of the market just continue to hold up. look at the financials, look at health care, they continue to trade pretty well, other areas, look at energy and materials pulling us down. so until we can break out of that think we are snuck this range act least until we get to the next cycle. >> josh oil looks like it wants to go down near 40. this goldman note talks about high starting valuation. you have got the dollar, which is rising. those both combined are certainly a head wind for where stocks can go. >> yeah. and i think you're seeing that play out in price. we have been seeing that going back 130-some-odd dies november of 2013. no progress whatsoever. a trading range that continues to narrow. take a look at this spread, the gap, between the 50 day and the 200 day. tighter than any a wet suit, scott. i think what it all adds up to is j
CNBC
Jan 23, 2013 12:00pm EST
smartphone market for apple mature? >> no. >> it's not? >> no, it's not. nokia is already in china and i realize apple is unlikely to be there in the first, second, or third quarters of this year. however, i think apple is going to be there. they're going to be in more emerging markets. it's going to be through a financing deal rather than the subsidies we talk about all the time on the program. still, their margins are so much better. when you look at what it takes to get into best buy and how much subsidy samsung gets versus how much apple gets. how much do they give up per $100? samsung only gets about $65 per $100. apple gets about $94 or $92 per $1,0100 $1 $100. that's huge. >> they say apple is going to get the benefit of the doubt unless it's a tremendous miss. do you buy that? >> so sure i am right now. i think fundamentals have never been any different. i think even at $700, fundamentally you could make the argument stock is cheap, they're sitting on all this cash. i think at $500, you are seeing a company that's technically has broken. that $550 level, that's where apple has
CNBC
Jan 3, 2017 12:00pm EST
here in the states, probably globally. and -- >> certainly after the numbers you got out of china and europe. >> and even today. yeah. manufacturing, right. you're going to get faster growth. what multiple do you pay for that faster growth, if it comes with a higher dollar and higher interest rates? you're going to pay a lower multiple. so can the markets overcome that and i think that's going to be the debate and the discussion. i do think that we can overcome it. i think we'll gradually grind higher this year. but i think more than ever, this year will be sectors and stocks specifics, much more important than the overall market. >> it's all going to depend on where earnings is coming out. bob pisani has something earlier. hue 4 estimates are up 6.1. q-4 up 6.1. q-1 estimates up 13.8. can we live up to that bar and if we don't, what happens to the rally? >> i think that's why you don't want to make any real critical decisions until after we hear where earnings are going to be and what's guidance as it relates to the u.s. dollar itself. >> are we going to tread water in we get fir
CNBC
Apr 15, 2016 12:00pm EDT
china and a lot of great friendships in china and really tried to exploit those and build the company toward that i don't think that's where you're going to see the cuts as far as with goldman. i think it will be head count cut but not in the international division as much. >> they're great. depending on market condition ifs the opportunity is shrunk they're going to pull back from it this will be no different i'm assuming plus if the opportunity shrunk elsewhere like in training, then they should cut. >> others are doing it. that's for sure. coming up on the halftime report. >> still ahead, getting two bullish calls on the street today. find out if our experts are ready to jumpack into the stock. the bats ipo is soaring today. is the electronic exchange a smart bet for your portfolio? we'll debate it and going global. >> delaware. >> from brazil to britain, the new -- ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ >> two bullish calls today. halftime report we're joined now by raymond james. he joins us live from st.
CNBC
Feb 28, 2014 12:00pm EST
high. china internet names, a lot of them trade on the nasdaq. a big weekend for china data. that could very well tell the story about where we go on monday. >> i think it's really interesting, this dichotomy between the macro data on china and what's really happening beneath the surface with the consumer. if you want to play the chinese consumer, the web names are the ones that give you that opportunity, no the the major indexes which tend to run state-owned banks and oil companies which are frankly more abundant and horrible. look at baidu two days ago, companies that are absolutely smashing expectations because the chinese consumer is internet first, it's mobile first and these are highly profitable businesses. china doesn't have as much retail stores as we have here. so people are tending to shop online. >> which one is the best opportunity? you look at baidu and the valuation, scott? single digits. >> yeah. >> these guys have cash. $6 billion in cash on their balance sheets. >> because people don't believe yet. >> is the better trade now on this pullback, $5 today and baidu, or is
CNBC
Jan 19, 2016 12:00pm EST
ways to gains today as investors react to that china data and the state of the global economy. there's your picture at this hour. dow well off its best levels. still up about 100. s&p, nasdaq positive. crude remains the big story. was positive. rolled over negative. sits there by nearly 1%. comes down to this. is a recession in the cards, or is this really a growth scare soon to subside as earnings pick up in ernest? pete, is now the time to buy and believe or sell and protect? >> i would say more on the buy and believe, but i don't think right now is actually the time that we actually have to make execute on that, and the reason i say that is i look at where volatility is trading, and volatility itself is very extremely high. 26. we hit 27 today. you look at the ovx. on january 11th we were trading closer towards 49, and here we've been trading ever since then between 60 and 65. there's enough volatility out there right now, scott, but i think you can start looking around. everybody is looking around for opportunities, but i don't think you have to just dive into the market because th
CNBC
May 8, 2012 12:00pm EDT
shaped there. you throw on top of it a china, even though we would kill for half of their growth, is slowing, probably by their own hand. they're still the best capitalists in the world. you put all those things together, and it doesn't auguer well for us going forward. >> here's what i'd counter with. what greece is going to give you versus what the politicians are saying now is the road map for the exit from the euro. that's what all the journalists are writing about now. i believe that's exactly what's going to happen. that's a road map that doesn't exist up until now because there was no way to force you out of the euro or for you to opt out of the euro. i think greece is going to do, once they have that road map. to dennis' point about uncertainty, it will be pretty darn certain how you get somebody out in the future and what the consequences are. i don't think anybody else is going to want that, michelle. >> so we have half of the eurozone, john. we basically have three, four, five, or six eurozone countries just wal owing in their own sub-mediocre economies. then what happens?
CNBC
Mar 25, 2013 12:00pm EDT
make themselves more competitive. for all the talk about china, forget about china. sell your china and buy japan if you want to be in that part of the world because as they take their currency lower, export markets come alive and all the savers, they're going to have to start taking and look for risk opportunities they will do a lot better. going back to joe's comments on cyprus, let them go. i would say that we should let greece go, then we wouldn't have let cyprus as an issue. that was the failed opportunity. i think you can draw a hard line. as a kid, i'm grounding you for a week and then you say, i'm grounding you for a day. and then you say i only give you 20 bucks instead of 40. you can't keep doing it. at some point discipline has to be imposed. i think the euro is tremendously overvalued. the only reason draghi held 25 bits in his pocket is because he knows he needs to use it. >> they have, what, another meeting on april 4th? >> we'll see what he has. >> i don't think he will do much. i think you're right, it's over valued. at the end of the day they need to let it go. havi
CNBC
Jul 22, 2015 12:00pm EDT
one, just a trading scalp. i have no position as we speak. i thought the china numbers were spectacular. as far as the read-through on some of the things we spoke about, that could have been worry some, i didn't see that in the numbers. up 112% on sales. >> is there a little part of you that worries about the china story? we would not have seen weakness in the quarter they reported. we would see it in the current quarter which they have not reported. >> service sup substantially. record of services over with apple. steve said neither fish nor foul. he's going over there with shakespeare with that one. i think shakespeare wrote it. chris brown might have quoted it. but nonetheless. when we've got these kinds of numbers and the ecosystem that's going to continue to feed into this. if you get a chance to pick it up again below 120, think you take advantage. i think apple's hand under the market just like the david teper put. i think this is right there. with the buy-back in place and so forth. i would be a buyer. >> this is the largest company in the world and it's growing at a
CNBC
Aug 17, 2012 12:00pm EDT
than financials. to me the biggest issue has always been europe and it's been china. europe, we've got the road map for their solution now and we continue to see that her kemerk supporting it. draghi, his plan. i'm not worried about china, i'm worried about europe. i think we've got another month or so of upside. while i'm long i've got room to get longer. if i wait for draghi to come out with the plan and market is going to pass me by and, also, the final thing, scott, is that i think the markets come to grips with the fact that jackson hole, there's going to be nothing coming out of there. there will be no qe-3 and like the numbers today, leading indicators that may be okay. >> john from chicago, where do you think this rally goes from here? >> scott, i like what i've seen because, as pete mentions, the financials and the fact that that's such a large percentage of the s&p 500 and look at the headwinds they've had thrown at them since you were hosting "fast money halftime" out in vegas. back in early may you had jpmorgan with that trade from london. now you've got standard chartered
CNBC
Mar 11, 2015 12:00pm EDT
watch in china is going to be significantly higher than it is offered ins the u.s.? they come out at the same time but 479 versus our 349 here in the u.s.? >> yeah. i mean we've typically seen that, that internationally apple does price its products across the board at a higher level. but collectively we believe that, you know, the margins are more likely to be closer to 50 or above gross margins for the iphone, the company averages in the 40s. so we think on net, you know, this is a positive margin force for apple. >> we'll talk to you soon. i know we will. >> okay. . my pleasure. >> 349 to10,000 is not enough for you? that's how lebenthal rolls? >> well, i like the 10,000 price point no too low? >> i have to tell you i'm in the stock, not in it for the iwatch at all. if something happens with it that's gravy, it's great, but what they've got going on with the iphone and with the products that now have become lesser, the tablets, ipads and mac is fine for me. this is a gret company to own. the iwatch is total gravy. price it at $100,000 i don't care because i don't think it's going
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