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CNBC
Apr 4, 2014 12:00pm EDT
confidence in china now. europe looks to have calmed. no one is talk about the ukraine anymore. it's fine. >> cramer making the point as well this morning you have these tale of two markets. s&p, looks good. nasdaq, not so much because of the ipos. >> really been this -- >> even in the face of the goldilocks discussion. >> big cap story. you touched on something that i keep going back to. within the sector of the rotation within the nasdaq. you take biotech, it's not all biotec biotechs. they are the big high flying biotechs and the others. in the tech space, same thing, paul. are you saying that same thing? >> isn't that a defensive move in general when you see money rotate from the high fliers -- >> taking some profits off the products to flow to the upside. we talk about the biotechs in this screaming move to the upside. whether you're talking about something in world of the autos, too. go to the teslas of the world. >> here's the problem with that for the nasdaq. biotechs were 7% of the index. they grew to 16%. much bigger out-sized influence. look at the health care etfs. they w
CNBC
Oct 5, 2015 12:00pm EDT
-term gyrations. now, there is enough to be concerned about around the world. china is a very large economy. they're clearly having a slowdown somewhere between a slowdown and something that's looking more like a potential hard landing. and that does have an impact on the global economy. but, again, i come back to u.s. still the world's largest economy and a lot of positives here. >> i saw earlier this morning fitch said the chinese economy was only growing 5.5% in 2017. if that's the case, what's that going to mean? >> well, actually that could be optimistic. it is slowing down at a quick rate here. one thing i'll say from the standpoint of looking at china over many years and even decades. at some point, there was going to be slower growth there. over multiple decades. it's now the second biggest economy in the world. it had to slow down at some point. the notion that this is is up a big surprise, whether it was now or in a couple of years, they weren't going to be able to grow at 8 ps or 9% indefinitely, no economy ever has. i don't think it's 5%. if it's less than that, it does
CNBC
Jun 13, 2016 12:00pm EDT
coming out from china. you have this terrible event in orlando and thoughts about the folks there and terrorism on a larger scale. oh, by the way, you have a deal today and a fed meeting this week. we don't expect much fed action but words can speak louder than actions this week. >> exactly what you say about that fed meeting, tomorrow and wednesday, i think that -- the only thing that really will be addressed there will be how much they were leaning towards the impact of brexit or the -- and not wanting to influence that vote by something they might do with interest rates, which is what we have said all along and why it's basically a zero chance. >> talk about interest rates, do you guys just get a look at what we put on the screen, the ten-year? i saw 1.61%. >> that's been pulling back. it's been interesting to see all the different dynamics of the marketplace and all these different headlines that are pushing things around right now. but to your point, i think they were trying, trying, trying, i think we will find out they really were leaning towards maybe rate increases in this me
CNBC
Nov 8, 2016 12:00pm EST
40% of our own debt. we've jumped over china and saudi and everybody else and the somps buying our debt. we own more than anybody else. all of a sudden that debt financing goes up and up and up. sooner or later, somebody will be writing a warning note out there about the cost of this financing of that. >> do we believe that it could go up 10%. >> what stocks? >> the market by the s&p. >> no, no way. because are you at the moment in the marketplace where you have to define and tell me which stocks are going up. if i look at energy, i emphasize, i fine it highly suspicious. >> maybe you are asking people to do too much work. why not buy the s&p? >> i don't want to be a closet indexer. i believe kevin o'leary. the most compelling thing he said about disney was, hey, if the market goes down, i don't think disney is going to incur the volatility and the performance negativity the overall market is. that's what you want to do right here. i think you want to find equity days, where the market is going, you will experience less volatility because they have proven reserves. stephanie speaks
CNBC
Apr 27, 2017 12:00pm EDT
industry was a great short a few years ago because they had this china phenomenon. china is 50% of usana's exposu e exposure. it started to roll for even herbalife in the last quarter which is surprising. but they filed an 8-k saying they are conducting an internal investigation with regards to their china business. they bought baby care a little while ago. what we've discovered in the chinese press recently is that actually they had 13 people suspended and three arrested. their executives arrested in china. now, they're conducting -- oh, an $56 million frozen. so here you've got this company -- >> that's 8-k. >> no, the 8-k is we're doing an investigation. in the chinese press in chinese, so you have to have somebody out there looking at the chinese press who can read chinese. this has come out that they have had three executives arrested, $56 million frozen. >> one source, however. >> a couple of sources. you can call that reporter and do your own checks. i would love for the company to deny this has taken place. those executives have not shown up at recent ribbon-cutting ceremon
CNBC
Oct 12, 2016 12:00pm EDT
. >> they are not subject to the whims of the commodity market like china. yes, the per capita income is less than china, but there's one thing that india has that china does not. western rule of law. you can enforce a contract in india where it's a lot more difficult to enforce a contract than china. >> i'm generally prepping for -- >> when is that? >> however, that being said -- >> one to three. >> when you are allocating to the emerging markets, india has disappointed recently, so the question becomes are you going to allocate towards india? my answer to that is obviously yes. i would say to kate, i would look at brazil and say, okay, we've made a nice little rebound here. let's ring the register on brazil because what you highlight i'm not necessarily sure if you see the same type of economic structure in brazil that you can see the opportunity in india. >> i need a lot of good news priced into the brazilian market, and the expectations that we're going to see significant structural reforms. it does look like we're turning the corner after multiple years, some could argue decades of
CNBC
Jan 23, 2017 12:00pm EST
. you're seeing brazil look great, china looking better. russia looking great. and eem to spy ratio chart is now back to where it was on november 10th. >> maybe there's other places -- maybe people think because of the rally we have had is somewhat tapped out. >> see, trillions of dollars. >> however, i spoke with john paulson, hed hedge fund manager, part of the president's economic advisory council. i spoke to him at length friday evening who told me he increased his long exposure to stocks on the election result and said the following, that an administration that supports growth supports everyone, american companies will retain more of their after-tax income with the president's policies, a huge boost to earningses per share and s&p. paulson's words. companies will have more to invest and better return on that investment. it can be a positive self-fulfilling profess that lower taxes, less regulation, less lawsuits and deals that support u.s. manufacturers is all very positive. >> very smart guide. he made his money in the housing trade. not performed as well as it could have. he
CNBC
Nov 1, 2016 12:00pm EDT
china as the fast foods giants spin off against trading today. which stock has a better bet. alibaba on deck tomorrow. what shareholder pete is watching. is it because so many go after it the same way? chasing after short term returns. instead if getting caught up with the crowd, the investment managers at pgim take a long term view, teaming specialized active investing with risk-management rigor, to seek out global opportunities. we manage over a trillion dollars this way, attracting many of the world's leading investors. partner with pgim. the global investment management businesses of prudential >> coming up "power lunch" just one week to go. exclusive results on who wall street is betting on. steve liesman will report. >> a deadly peopleline explosion in alabama fueling gas prices higher. the states that will be impacted the most. we'll tell you. it pays to have friends. why facebook may actually help you live longer. not kidding. scott, back to you. >> all right. thanks so much. see you in just a bit. we have a news alert right now on a stock that's moving eli lily. meg terrell
CNBC
Nov 6, 2012 12:00pm EST
economy. you just can't look at what the market did in 1982. china wasn't as prominent as they are now. particularly in terms of commodities and materials. europe wasn't as prominent now in terms of global trade. don't you have to throw those things out to look at what the markets do now on a global basis? >> i don't think so. back in 1982 there was a different circumstance just as there are now. certainly the market doesn't always repeat itself, but it does tend to rhyme. when you are at the latter stanls and what worked in the past at the end of 1982 and the prior secular bear market start to roll over and are also approaching an inflection point in terms of interest rates, these are similar things that we have seen in the past. that's why we are bullish on the market. >> good to have you here. thanks for coming on. we'll talk to you soon. let's take a look at the markets. energy, materials, industrials are the sectors leetding the market higher now. we continue to trade this big election day rally. as you look at the leaders, materials up 1.5%. coming up, former democratic congressm
CNBC
Sep 5, 2017 12:00pm EDT
off trade with countries that are doing business with north korea, ie, china. the prospects of the agenda going nowhere. and, you know, whatever side of the daca debate you're on, from a -- from the standpoint of, it does -- it certainly picks another fight, it seems, with a large swath of corporate america, which the president was cozy with for most of his months in office, to this date. all of those are larger picture issues, than just a day-trading perspective. and that's the point that i'm trying to make >> i would agree with you. the problem is, the macro is kind of overtaking the near term, the shorter term and that's because, corporations, companies, are in their quiet period, right? and by the way, they're probably not even buying that much stock at this point, because they're getting close to that quiet period so you have to wait until earnings come out to hear what they have to say so i'm not saying -- >> that's sort of my point there, is all of that in front of you, as i put it earlier, an air pocket, potentially until earnings >> and the -- >> until you get some more fu
CNBC
May 25, 2017 12:00pm EDT
their european business with calvin klein and double their business with china with tommy hilfiger. >> the stock has done quite well, it's up 19% year to date by the numbers i see. how much room do you see ahead? >> you have a stock trading at 12, 12.5 times earnings for what we think is a 13% to 15% earnings growth algorithm which could be the next five to eight years. layer on cash flow yield and now they have the balance sheet back to 2.5 times ebitda. potential optionality is this is a platform acquisition model. i just think there's a number of ways to win. numbers are too low, multiples too low. this thing to me has a lot of opportunity from here. >> matt, the lack of a brick and mortar strategy here, the fact that these are names, iconic names as you mentioned. >> brands, not buildings. >> exactly, brands, not buildings. that is the key here to pvh, is it not? because even though, as you say, the growth is going to come from overseas, the calvin klein number, the tommy hilfiger numbers were both down 3% or 4%, maybe even 5% in the yuu.s., bu they're picking it up overseas. >
CNBC
Dec 4, 2017 12:00pm EST
actually highlight some of what's going on with domestic services in china as well. a lot of reasons to like this stock. i like the stock i'm not in it right now. i'm sure if i see some options though, this is one of the names i wait, i wait, i wait i see the options come in and i'll bounce into this stock. i like it. >> all right we'll see you back here tomorrow. >> look forward to it. >> new jersey governor chris christie takes his battle to legalize sports betting in new jersey today the implications reach far beyond the garden state and far beyond sports for that matter. the dow heat map another big day on the dow still a powerful day and up better than 175. the dow jones industrial 24,409. "halftime report" is back right after this mike and i are both veterans, both served in the navy. i do outrank my husband, not just being in the military, but at home. she thinks she's the boss. she only had me by one grade. we bought our first home together in 2010. his family had used another insurance product but i was like well i've had usaa for a while, why don't we call and check
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 21, 2014 12:00pm EDT
new all-time intraday high earlier today. where is china focussed in our conversation? i guess where should it at the present time? >> people forget the fact that a week ago the chinese relax their rules around the currency. last night talking about property curbs in terms of the property developers and banks being pulled back as well. they mean business. this is a year that could not afford to miss 7 1/2% growth and they're going to do it. >> what do you make of the fact that the stock market recaptured the losses post yellen bond yields haven't budged from the highs that they got to. 277, 278, pushing again on three. >> they're waiting on the data. first of all, it's a good sign that yellen struck the right tone. i think she deserves credit for that. it means that 4th of april employment number is huge, scott. this is going to be the first month without a weather impact. if we're going to run up near 3%, 250 number is needed. >> does it get through that 3% and if it does can it sustain there, paul? that's the big question people have. we pushed up there before and pulled right back
CNBC
Oct 6, 2016 12:00pm EDT
cater pillar which is up, up, up on shorts and then suddenly realize it was going up because china got better, you have a romp in the internationals. i think it can happen. in the meantime, takeovers are still going to happen. by the way, just so we know, i get a company fit bid tonight. it's not for sale. but all you he evever hear aboua stock that someone is going to buy. so you have takeover speculation. you have some better earnings coming up. i don't know, this is a difficult market to fight. >> fitbit got cratered recently? didn't it get hammered? i don't know if it was a down grade. >> yeah, it came out with a note and said there's too much inventory. why don't we find out tonight if there's too much inventory. a lot of analyst calls have been dead wrong. bob peck's calls have not been dead wrong. >> jimmy, thank you so much for sticking around for us. you've been killing it out there and i know you've been working it so we thank you for sticking around for us. >> thank you. >> "mad money" tonight at 6:00. there's jimmy there. just getting start ed on "the halftime report." >>>
CNBC
Feb 13, 2014 12:00pm EST
mean, don't say, well, if this happened, if that happens. your realtime worry is that china, if that gets worse, would that keep you out of the commodities for a extended period of time? that's the question. >> yeah, you know, i think emerging markets certainly have the potential to bring a risk on sentiment to the market. it's what we saw in january. it's the reason why we've been staying away from places like commodities directly and in fact we've been moving away from some of the emerging market equity markets in general and seeing more opportunities in developed market where we think the quality and pattern of growth is improving. >> steve, thanks so much. sarah, our thanks to you as well. down at the new york stock exchange. let's go down to steve liesman with clarification on what today's economic reports really tell us. steve? >> scott, thanks. talking to sarah we've been able to figure out how much the business inventories and retail sales data changed, outlook on growth in the united states and it's a pretty significant mark down. q4 and q1 gdp marked down each by 0.3% accor
CNBC
Sep 28, 2012 12:00pm EDT
confusion. >>> first mcdonald's shares are trading lower. the dish on a new downgrade. >>> and china's wall of worry. is it overblown? we get some answers. those stories and more with we return. >> it could be going up, down or sideways. you have to be able to surround the trade. >> we're all together as a team but we come at it from a different perspective. >> it's about moving the the odds in your favor. >> i am fast money. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> welcome back. stocks continuing their rebound after the spanish headlines we were down 118 on the dow earlier. now we're lower by 58 points. 40 points. big improvement here as w
CNBC
Jan 27, 2016 12:00pm EST
the fact that they did have record numbers. it is everybody including in china. those are record numbers. yes there's slowing and yes there's disappointment. it's in line in terms of the phone itself and the biggest concern is what's next and when does that come. obviously we all point toward the 7. i would point more toward right now services as one of those areas where i saw the growth and they have to take advantage of the user base. they do that and the problems were over. >> they were going out of their way. tim cook was on the call to highlight the services. >> for the right reasons. that's the direction they have been going to. >> but the question really is has the iphone peaked? . that's what a lot of the conversations are about today and what many of the questions on the call were last night. >> it shows it has peaked at least short-term because sales are declining. record numbers are misleading. if you're supposed to say, earn, just pick something, $1.50. last year was a dollar and that's a record. but it's disappointing and doesn't speak to the trend. >> they beat the
CNBC
Sep 13, 2017 12:00pm EDT
. >> tone, what's your expectation on this phone selling into the u.s. and selling into india and china and getting to the higher price points >> it's real market specific so china is a country that is feature rich and really likes large screens so the x is a 5.8 inch screen relative to the plus which is a 5.5 i think the augmented reality capability will be significantly and warmly embraced, and so i think it's going to be a home run in china india's at the other end of the spectrum where you have a much less affluent consumer, and apple, you know, lower the the price on the entry level phone which is the se from 399 to 349, so the new phones won't have much of an impact in india in fact, the price cut at the low end and the fact that apple is still selling the iphone 6 at a lower price will likely have more impact there, but this is going to be largely for western europe, at least the iphone x for western europe, for north america and for china which are ale's biggest markets where i think you'll see strong embrace of it. >> tony, appreciate it at always, look forward to talking to yo
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
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
Jul 15, 2015 12:00pm EDT
? not to mention what's happened in china in the last two weeks. >> greece has been really affecting kind of the interest rate markets in europe. with the yield having gone up, i don't know what the peak was in the greek 10-year. i think it was like 17%. you start to see a rising trend of interest rates a little bit in europe. and i think greece had a lot to do with it, spain and italy being lumped together with the same sort of fiscal problems and the rates were really low. you've had about 100 basis-point increase in spanish and italian yields. this is one of the reason why we weren't so positive in the u.s. bond market. the relative value argument that became quite popular in january which was legitimate. it's no longer nearly as powerful. it's true that u.s. 10-year yields more than spain and italy which seems fairly bizarre. it's not a big increment like it was. so we basically our playing the bond market for a choppy market without a lot of direction. which means that carry trades work fairly well. things that are in the credit market and there's plenty of problems that the cre
CNBC
May 21, 2013 12:00pm EDT
going to be, for example, china if you get that deal with china mobile soon which i know you're working on, right? that's a big one. hopefully you get it done. you've been working on it for a while. what keeps you from, in terms of the relative cost analysis and the benefit analysis, what keeps you from moving out of california? >> well, we're an american company, and we're proud to be an american company. we do the vast majority of our r&d in california. we're there because we love it there, and this is where we can create and make things that people haven't even managed yet. >> so it's an intangible? are you saying it's an inta intangible? it's not something you can reduce to -- >> i'm saying it's who we are as people, and we are an american company. we're an american company whether we're selling in china or in egypt or selling in saudi arabia. wherever we are, we are always an american company. i ever never thought -- it has never entered my mind honestly, senator, moving our california headquarters to another country. it's -- it's beyond my imagination, and i have a pretty
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
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
Sep 6, 2017 12:00pm EDT
it in the same way that china did in the 60s [']and then pakistan and india came in. now, it's a pretty tough regime to deal with, but the market needs to get used to it. that was 7 to 8 basis points in the ten year i'm not as worried about the debt ceiling because i don't think politicians can play with the debt ceiling with these two harvey and now irma. so that leaves the big one that we haven't discussed today the tru trump trade. i think the way that trump is just berating his own party right now is putting the whole concept of tax repeal in question personally i think it will be fine but i don't think that the bond market thinks it will be fine. and to your earlier question, would the asset market be fine if the ten year broke 2%, i'd say no stocks would dump because there would be a reason. >> i'm surprised that you think stocks could continue to go up >> i think it depends why the ten year is breaking 2%. >> we'll never know a reason why. do you know definitively why it's at $2$2.06? >> i think if the debt ceiling does not get done, yes, stocks will go down but we've seen
CNBC
Apr 5, 2017 12:00pm EDT
looks fine. china's getting stronger, u.s. economic growth is accident. second cause would be u fork price iing in the market. i think the market is fully valued. i don't think it's euphorically priced in any way. we have a fed that is moving very, very slowly. they are afraid to raise rates and the tok market is -- the conditions for a big decline are not present and so the line of least resistance is probably still up i would say at a very gradual slope. very grad yaual slope. >> what gets you more bullish? is it going to be earnings, which i said at the top, beginning tomorrow, expectations are that you're going to have the strongest quarter since 2011. >> you say gets to be more bullish, i'd have to want to bet on euphoria. my theme rightly or wrongly, is we're heading back to normalization. we've been in a very ab normal environment. op the political side, president obama successfully portrayed romney's wealth as a liability and during this recent election cycle, president trump got up there and said i'm richer than you think and the public ate it up. we've been in an envir
CNBC
Feb 16, 2017 12:00pm EST
. >> you have an 11% correction last year, because china did something with the yuan overnight. that only 20% of the people in the market expected. so nobody was talking about -- in advance -- came right back. what's going to cause that next 11% whoosh? very hard to see. >> so we're talking about a lot of fundamentals. you know, you asked josh originally, what are the technicals in the market. it's very hard to examine the current technical picture and say this is going to be what is going to identify what a correction is going to be. steven mentioned something before about people participating in the market. what generally tends to happen is when ranges expand as they currently are and the price begins to accelerate to the up side, what jason just talked about, most people have a tendency to kind of bet against that, which is the wrong move. if you think back -- >> gal assy. >> if you think about 2007, the price of oil went from 50 in crude oil to 147. you have a very combustible situation right now. you have computers that are following this momentum. if ranges are expanding and pe
CNBC
Nov 11, 2016 12:00pm EST
, ridiculous. china is still the major buyer of steel in the world. that i would let come down. i like health care. it's run ahead of itself. what i am staying with are financials because those regulations should die. they've really -- we're looking at a fund that loans out at 18% to 24% as a factor to small businesses. ludicrous. >> let's do this. cramer last night talking about the rally. here's what he said. we'll react on the other side. >> now, let me just say that i think this rally could be after today getting out of hand. there's no way that the velocity of these moves, both up and down can last more than a few days past this election. >> that's right to your point, steve. biote biotech, up 13%. the banks up 12%, the best week since 2009. defense, up 8%. the best week since 2009. industrials, up 8%. the best week since 2011. is this just out of hand? >> well, it's not that it's out of hand. it's that -- well, look. let me draw this distinction. you don't have to have a crash from here. you can have a pause that refreshes. what's happened, and josh, this is a little bit to your point t
CNBC
Nov 15, 2016 12:00pm EST
about china, china growth. we talked about oil prices. oil prices going down. we had brexit and the election. we've had such massive uncertainty this year that investigators haven't known what to do. they've been trying to reposition in a marketplace where they knew there was a high distribution of outcomes but they want to be safe, and as you start getting a little bit more clarity here and there they massively migrate to other opportunities where they think there's more clarity. none of these surprise people in the initial movement. >> you said on the stage just a few moments ago and i'm quoting, "markets are dying for stability and predictability." do you think we get that with a president trump? >> i'll say it again, markets are dying for sustainability and predictability. we're all giving president-elect trump and his transition team the benefit of the doubt. we're all listening to what he is saying. we're all listening to what he is doing. we're all cautiously optimistic. we're waiting to see what happens. >> if a move in interest rates that really surprised people. bill mayor
CNBC
Jul 1, 2016 12:00pm EDT
? >> yum. i think you have the catalyst with the china spin. why i recently bought it in my own portfolio and sold mcdonald's. theirs is a great story. eastbrook doing a lot rehave youring the company. a lot more they can do. for yum, less popular but also think you have a catalyst and the spin, but i will say this, i do not expect a good quarter coming up for any of these stocks. clearly the trends have been slowing in the qsr space. >> right. odd man out with mcdonald's? why? >> yeah. steph mentions easterbrook, still doing a great job and i don't think the next thing is a mcpizza. just people -- >> although that sounds kind of good. >> it does sound kind of good. i think they'll continue to come in, because of the poll of breakfast anytime. it brings people in more often, and then they're going to rotate over to some of the other offerings when not eating mcmuffins or whatever the heck -- >> mc-things that they eat. >> what the mc is. >> coming up in the "halftime report" -- >> announcer: still ahead, the call of the day is a bullish bet on netflix. should you be streaming in
CNBC
Mar 19, 2012 12:00pm EDT
like china and the developing world, hey has been a major growth engine even for u.s. stocks that's also facing some challenges. so that's on the one hand. that's a headwind for u.s. stocks. and generally speaking support for bonds. on the other hand, what you've seen with the stabilization of what's going on in europe or the european central bank you've seen a reduction in fear. you've seen a reduction in anxiety as a result of that people are more confident about buying of stocks. and bonds have sold off a little bit. so so far this year the story is, we have the relief in investor anxiety basically offsetting, more than compensating for the challenges that we're seeing on the growth side. what i would say basically is that if bonds, if the economic news continues to progress, what you're going to see basically is bonds rally. and i would expect bonds to sell off a little bit in that environment. >> where are you advising your wealthy clients to put their money these days? what parts of the market look attractive? >> we're trying to have our portfolios play both defense and offens
CNBC
Feb 19, 2014 12:00pm EST
china. don't buy walmart as your proxy there. >> who made the more compelling offer here? >> even though i have to deduct two points for steve weiss' fuchsia tie, i'm sorry,jon. i just don't get what moves this thing higher. >> i hope your better on stocks than fashion. >> immigrate on fashion. >> well. >> we'll let the viewers decide. >> i don't know about that, jon. tell white house you think won the debate. tweet us at cnbc fast money and hughes #bull or #bear. we're going to give you the results at the end of show. >>> up next, take the money and run. the s&p flirting with an all-time high. traders will unavailable the stocks they say to take profits on today. >>> plus, shares of spirit airlines up 150% over the past year. how is the airline storming the winter? ♪ [ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors. good, good. good. over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach our kids that trick? [ male announcer ] by not act
CNBC
Oct 23, 2017 12:00pm EDT
. many people are settling contracts in china with bitcoin because it's so much more efficient. >> thanks for calling in, b.k. >> my pleasure. >> and for those of you who watch "fast money" at 5:00 know that brian is better than anybody in terms of focusing and investing in this certainly fast growing and somewhat controversial vehicle. i mean, i can just tell by the reaction on the desk. >> it's an asset, not a currency. >> catch brian regularly on "fast money." >> it's an an asset, not a currency, but if doesn't have to be a currency to be successful. >> i'm always like personally taken aback to hear somebody have such a strong opinion on something that they know absolutely nothing about, never researched read three articles and they say this is going to go away maybe it will go away. >> and you're hitting alwid. >> somebody with authoritarian regimes in a feudal company. shouldn't be shocked that they don't love something that no government can control right now. that's exactly what you should expect and almost makes the bulls' argument for them to hear people in that positi
CNBC
Oct 26, 2016 12:00pm EDT
wake up and have 500 stores globally. a lot of that is coming from china, but we don't have sporting goods distribution in many markets that were close to 70. we opened 30 new e-commerce sites over the last 18 months. we have a total of 30 sites that we have of truly accident are like, making ourselves digital and attacking e-commerce. our top competitor has 24,000. this isn't about comp store growth. this is about us finding and truly driving additional growth for the business. i think we're really just getting started with. >> in part to do that deals that you have made with either leagues or teams, universities, et cetera. you have a new deal to outfit teams by 2020? there was a report out there. >> i mean, where he haven't announced anything fifltly, but i'll tell you that number one, i'm glad that we get a phone call for every deal. one of the things we say is that while we've reached the size and scale that we can now do anything we just can't do everything. we got to be thoughtful and strategic. what these deals mean is that our company is at that point that, you know, we've a
CNBC
Feb 10, 2017 12:00pm EST
had with china. so he -- according to reports he's recognized the one china policy and he's shown that he's going to have a different concept depending on who he's talking to. different with china than with australia and mexico. and to me that is the most encouraging news that we've seen so far in terms of that dialogue. so that opens up a whole new spectrum in terms of how you want to invest. in terms of europe we're seeing strength everywhere. the chinese export numbers are primarily arkting europe, strengthen europe. now you're looking at a synchronized globalably emerging economy. i mean, growing economy. so that's very positive. and it's positive for us because you'll see pressure on the dollar instead of the dollar continuing to ascend. >> eamon javers as we said is there at the white house. you want to set up what we're expecting today? >> yes, scott, the shot that you're looking at here is the west wing portico. you can see the u.s. military honor guard there with the old executive office building in the backdrop. we are told that president trump is going to greet the prime min
CNBC
Apr 6, 2017 12:00pm EDT
, china. josh brown. >> hey, scott, how are you? >> are there opportunities elsewhere? is it undeniable at this point? >> it's undeniable and people running money are starting to wake up to this and the benefits are showing up in their po portfolios for the first time. the first time on valuation, a cyclically adjusted pe for the united states is now 30. we've almost never been this high. forward returns are not what they were when we were at 17, 18, 19. developed europe, cape is 17 so about half. emerging markets is 15. the second thing i want to say, i believe in mean reversion. the data proves that mean reversion between asset classes is a very, very good way to diversify and a good thing to bet on. over the last ten years, the s&p 500 is up 101%. if you take a look at efo, which is global developed, it's up about 7% and vgk is flat. 0% return over ten years. if you think that what's just gone on in the last ten years will be the story of the next ten years, you will be proven wrong. >> there was a conversation this morning on "squawk box." let's listen to it and react on the other s
CNBC
Aug 28, 2015 12:00pm EDT
, particularly china. why? >> yeah think that's big misconception, doesn't have that much evgs exposure to china about 3% of its assets, 2% of its lopes. if you simply do the math on what could be be the impact of a downturn and run that through and compare it to the market down turn, would you say the market priced it in. the fears are overdone? >> true across several of the names today r, rate fierce and dislocations have little influence on the stocks' ability or companies' ability to generate growth the next 12 or 18 months. >> the market in wake of fischer's comes thinking a rate hike this year is more likely than perhaps originally thought. not so worried about that in terms of the way it might affect the banks? >> correct. our stance on the rate view, we didn't have any visibility into when rates might move than anybody else outside of the fed so we have tended to gravitate toward firms that control their own destiny terms of driving asset growth. all three of these names have outstanding asset growths. >> regions financial and u.s. bancorp, not some of the biggest names, not megaba
CNBC
Jan 10, 2017 12:00pm EST
. >> kind of a challenging time. it was china and oil. >> that's right. >> but mario was highlighting what we've expected in the regional banks. the lifting of siffy is going to be incredibly important and it's finally going to unlock some of the animal spirits in the regionals to acquire assets. seeing a little bit like that already in suntrust, regions financial which i have not sold out of and i believe in. i think those names are going to perform incredibly well. >> judge, last week i believe friday of last week ubs took the target on goldman up to 285. $51 increase in their price target. i'm looking for that to happen relatively quickly, judge. i am long bank america, i am long jpmorgan, i am long citigroup. i disagree whole heartedly with the citi call today. i think it's a bad call and we'll see if i'm right. >> not saying that goldman sachs is a piece of garbage. simply saying that all the raise of sunlight that everyone has already mentioned is in the stock. >> it's not. >> that's the point is, it's not in the stock. and when jpmorgan puts up a number like i beli
CNBC
Mar 4, 2015 12:00pm EST
here in the u.s. but overseas. maybe for good reason. europe's economy improving, china cutting its lending rates, several markets outperforming the u.s. so joe, a number of places we take this. answer the question first about what we're watching today and what we've seen for the last few days. pause? or pull back? >> increase in volatility, the most important thing to understand is volatility is back again in march and something else that i find very dynamic is when you look at the global credit markets, okay, every central bank cutting, but yet the u.s. 10-year treasury yield is rising once again towards its yearly high. i find that interesting. i think it's telling us something. maybe the rate cut comes faster than we expected, although, you know, june or september, what's the real difference. but i think from the trade and from the investment standpoint watch the financials, watch the financials through the ccar. if the yields continue to rise you will see money go heavily into the financials. >> you see what rates have done, right, going from 2% to 2.12 fairly quickly. look glo
CNBC
Jan 25, 2016 12:00pm EST
about conditions in china and its overall business? >> listen, i think they're going to pay very close attention to what they say about asia and china and what's going on over there. and i think there's a short term trade based on how apple reports. but, you know, to jim's point, or everyone else's point, i don't think the fed says march or june -- my sense, it was more of a june story than a march story anyway. i don't think so many people are expecting a march increase. i think she very well could talk the markets through the first quarter, well into the second quarter, and that's going to fuel this rally that they have -- that you guys have all been talking about. >> if you think the stanley fisher ballpark of four potential hikes this year is real, then you've got to get on some time. >> i don't think it's real at all. no way. >> look at the financials. the financials are acting like there is no rate coming. they have compressed their multiples, 20% down for the year. so if the market actually believed rates were going up, you would see that sector performing. >> the world is
CNBC
Sep 12, 2017 12:00pm EDT
stock was up 5% yesterday on the story that china might stop -- >> combustion activity by 2030. >> by 2030, right. chip also said it will be rebalancing its economy for the last seven years. >> also will cut steel production. >> and here's the interesting point. china on the margin, ask any oil trader, has been the driver for global petroleum demand. gasoline is 50% of petroleum refined product. diesel is another 15%, so two-thirds of all petroleum goes to cars basically or trucks. if the biggest driver of that is ending, why wasn't oil down 2%, 3% yesterday, right? >> but so you get my point in that the market looks at this company. there was some disturbing data this morning out from the national highway traffic safety board on a recent crash, and -- and the company and the board said well, there was no data collected so they couldn't really analyze it. >> do you think -- >> tesla, one of the things i read, said that the autopilot did contribute to the death. >> yeah, but my point being that the bulls will tell you this is a software data collection company, not a car company
CNBC
Mar 2, 2016 12:00pm EST
say top three. china and the dollar are the top two. the real question on oil is not necessarily has it bottomed. what does the recovery look like? is it w shaped or a saw tooth which is very frustrating for a lot of people. is it l shaped where we layed down here in the 30s and never get the spike higher that so many producers need. we don't have the answer to that and i think that that's still the biggest question lingering. >> it is critical if you think that oil has stabilize if not bottomed. maybe you take some of the dividend cut questions off of the table maybe it's a cure for the ills in the high yield market as well. there's wide reaching ramifications of the answer to the question that we ask. >> yeah. stabilization is one of the keys not just with the energy markets and materials but with currency markets around the world. whether it's our dollar or the british pound or a zone currency like the euro dollar. the fact that we have now seen a stabilization in energy and material. take a look at the british pound here. last week below 139 or 13850 or whatever. now right ba
CNBC
Jan 5, 2017 12:00pm EST
pushing gold higher today? >> jackie, we can blame china and we can blame the fed. china, because they made moves to strengthen their currency, which weakened the dollar, as you mentioned, causing the gold buyers to come in. and the fed took a decidedly dovish tone in their meeting minutes yesterday, worried about the strong dollar. and i'm not going to call it a fear trade, but certainly the concern trade for gold is back in, causing the buyers to come in. >> jeff killburg, gold breaking through the 1180 mark over the level today. where do we go from here? >> jackie, we talked about the 1170 market. we went through 1170. found some good support. right now looks like we want to go high, test 1200 as inflations expectations strengthen. >> okay. meantime, we're going to talk more about this subject on the show. at futures now.cnbc.com at the top of the hour. it's a big show. blackrock's terry simpson on a contrarian way to profit in 2017 and thsven henrik. more "halftime report" after the break. t ightre t ightre llu ppwis ppyochatretligp,eet >>> all right. we are back on the "halftime r
CNBC
Aug 18, 2017 12:00pm EDT
, you're an american citizen, which would you prefer hawkish behavior in trade wars with china or tax reform i'll take the tax reform i think a lot of people agree with that. i just don't think you can draw the dots and say, this changes everything for investors >> right although, steph, the market clearly seems to be trading on this down 275 yesterday and worries about gary cohn's future talked about by almost everybody as a chief catalyst for the sell-off now there's an axios story that bannon may be out. maybe that decision comes imminently and the stock market rallies back by nearly a hundred points >> well, the market doesn't like uncertainty, you know that and yesterday was like the peak of uncertainty and if cohn does leave, then there's more uncertainty, because then it's what we all thought would happen would be, okay, maybe health care doesn't get done but taxes probably gets done repatriation probably gets done. infrastructure probably gets done and if cohn goes, maybe that gets put on the back burner. >> we're going lead the whole show today, is this the start of a bigger
CNBC
Oct 7, 2016 12:00pm EDT
. that was really getting penalized and not growing. >> it's not as simple as china. that's part of it? >> i think it's more than that, and you've got two factors driving global growth. one is the u.s. the other one is emerging markets. china is a big piece of that. >> was there ever a time when qe stopped or when rates started rising and that the money train wasn't headed as much to the eem at this point? wouldn't that organize use against this being a good time? >> sure. i think it's partially correct, but i think what you have to keep in mind is that emerging markets actually suffered as qe was happening because the carry trade unwound from 2011 onwards, and the tightening cycle within the em started to dry out the external money. that's -- that started to see investors flee out of emerging markets. actually, this area finally seeing money come back in, but you saw a couple of years of outflows, and i think that's steadying the currencies with absolutely got pummelled last year. >> won't it be short-lived because of the factual see a strengthening dollar and the u.s. tighten, and it
CNBC
Jan 30, 2017 12:00pm EST
earnings. china trades at seven times earnings. these economies are growing faster than ours but there's not as much faith on the part of the international community that contract low will be special. we've got a 26 cape ratio in the u.s. that's on ten years earnings. 21.8 on trailing 12 months. i don't know that that's a guarantee that we get to keep that. if investor confidence in the rule of law is shaken. and that's something we haven't had to worry about for a few years but maybe that's a tlu new risk that is underpriced with a vix of 12. >> investor confidence in the rule of law down 8% i think we will be okay. >> i said it could be shaken. >> go back six years. i don't mean to be in your face on this. >> don't worry. you'll lose. >> gm and ford, debt holders were wiped out. we were saying the same thing then. i don't know if it was seven years or six years ago, basically the president came in and said the debt contracts we have, totally a do gating them, moving into a new regime. what happened after that, six or seven years of the markets rallying. i'm worried as well, jos
CNBC
Jul 14, 2017 12:00pm EDT
money laundering and the rest that a lot of the casinos face wherever china cuts back. >> generally not a good headline to have any kind of a money laundering in your -- >> but take a look at how they bounced. elmpel and wynn resorts bounced pretty significantly after a harsh sell-off this morning. people came scrambling in -- >> is that millco crown entertainment? >> yes, it is. >> f5 networks downgraded to neutral at peyer jaffrey sirott, what do you think? >> they missed earnings, brought down guidance the next quarter, i think this stock will be treading water for a while >> down 14% this year. meantime, the best dow performer of them all, boeing upgraded today jpmorgan chase the stock has been soaring and, jim, you're not afraid of the gains either you're looking to buy more >> not at this price i like this company a lot, but you're basically pricing in to risk to the stock. and there are risks out there. i'll just name a couple. the kc-46 tanker which keeps facing delays and cost overruns. the big one is emirates with this 150-plane order for the triple 777x. that's a lot of plane
CNBC
May 30, 2014 12:00pm EDT
forecasting and perhaps we'll get continued good news out of china. some of the reform plans even overnight in terms of the banking sector will lay the ground work for stronger growth in that region going forward. and maybe there is going to be more comfort, a little less panic, a little less of sitting on high levels of cash. >> breaks p malaise. if you do have that scenario, you have the potential rise in rates, you have money coming out of -- >> so many people are waiting for a catalyst. maybe it's just small amounts of incremental day take that improve people's willing fless take risk. >> jillian, a great read. appreciate you coming on. kate, to you you you yoyou, as . >>> first up big lots. >> kind of breaking the trend in retail. if you look at this with this huge pop it's gotten, this is one name i'd be selling with both hands. like the market. >> and annie's taking a hit. josh. >> stock now at the lowest level since it became public in early 2012. the chart looks horrific. i don't like anything about it. i do serve my kids the mac and cheese, though. >> lion's gate. >> top
CNBC
Apr 25, 2017 12:00pm EDT
states. a lot of americans don't realize it, but you sell twice as much to canada as you do to china. so this is a very valuable relationship. it's mutually beneficial and i think that we all have to work hard to keep it that way. >> is this the start of a krad war in your view? >> no. no. absolutely not. look, in any relationship as big as this one, and we do $2 billion a trade a day, there are inevitably irritants. and these are two irritants, both soft wood and dairy, have been issues in the canada u.s. relationship for a long time. so, no. but i do think that it's important for us to try to cool down the rhetoric. to sit at the table and work things out and i'm sure we can do that. >> what sorts of measures will you take in response to these tariffs, will there be for instance, follow up through lawsuits or litigation or retaliatory tariffs? >> so, on soft wood lumber, this is a very familiar, long standing, long running dispute. we think the commerce department is wrong. we absolutely challenge and deny the idea that canadian lumber is somehow subsidized and that u.s. producers are
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