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CNBC
Oct 21, 2015 12:00pm EDT
are seeing sentiment around china stabilizing. i think oil is in the process of bottoming. it might not be at a bottom. i think the dollar head wind is fading a little bit. really great. a ten-year high. released a couple of days ago. improving much more than expected. despite the volatility we've seen. i think we've got some momentum going into next year. >> what would you be constructive on? >> again, i just talked about semiconductors. i think there is a story there. you know, when we look at health care and some of the pharmaceuticals that you all have been talking about today, you know, there's going to be a lot of noise over the next year. especially with this election season. i know we're waiting for vice president biden right now to come talk, but if you think about health care, again, it's -- it tends to be a sector that does relatively well late in the economic cycle. that's where we're going. there's a lot of innovation in the space. you might want to sharpen your pencils when you get sell-off of like the ones we've had lately and look for some of the opportunities there.
CNBC
Sep 30, 2015 12:00pm EDT
buy, companies like that. >> they're keeping the china growth forecast intact at least for now. maybe shft wins subside. >> i think it's a fed factor. josh was talking about october being one of those months where you oftentimes bottom out and rally into the rest of the year. well, i think the fed factor really comings into play here as well. if we see rising rates, i think that spurs a couple of things. one of them would be jobs. one would certainly impact housing. specifically, i think the financials. when you look at citi, trading 49, you look at jp morgan trading underneath 60, goldman sachs trading 171 yesterday. you look at morgan stanley at $31 a share. these names have all been bludgeoned and are down where they were or lower in some cases, most cases, even lower. i think the fed does raise rates, which i believe they will before the end of the year. i think that's the place to be. financials will lead us out. >> coming up, carl icahn unplugged on the danger ahead video. the billionaire investor joins us in a first on cnbc interview. we discuss the markets, why he made
CNBC
May 19, 2015 12:00pm EDT
china. now 5,000 stores there. over 22,000 stores in total. a lot of great reasons to own it right now. this adds to it, enhances but absolutely isn't the reason why you're buying it is the spotify deal. >> coming up, we take a break and then be joined exclusively by carl icahn. going to talk apple, the markets, his latest investments, brett icahn and david schechter as well. why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you, it's everything to us. the xc60 crossover. from volvo. lease the well equiped volvo xc60 today. visit your local volvo showroom for details. older son: father! he's doing it again! father: jebidiah, i told you, it's dangerous! jebidiah: but pa, i'm planning my retirement! don't be afraid of technology. use futureadvisor. the award winning platform that analyzes your portfolio and recommends investment decisions to help you retire sooner. signing up takes minutes and the advice is free. join over 250,000 americans
CNBC
Mar 12, 2013 12:00pm EDT
. they may have some elections in june. you have anies there weakening. >> china data the other day wasn't good. you know what i say about that? market don't care. >> i would agree that the market doesn't care now but we need to be careful of that. approaching all-time highs here. the fed is there certainly but if the fed -- if quantitative easing works they found this magic formula that they'll never -- we never have to worry about the business cycle again. >> we need a shock headline of some sort, a shock data point, a shock development to push the correction? >> it's never what you think about. what's why it's a correction because it comes as a surprise. to b.k.'s point, the only thing i would ask, how much as dragi spent? what are interest rates versus what our interest rates are? how many dollars has he spent -- >> saving it up. >> exactly. how much has he spent on buying sovereign debt, okay? nothing. >> nothing. >> exact. line of firepower. >> he's got a lot of firepower. >> but that assuming, one, that he wants to use that firepower. he could have used it last week but reluc
CNBC
May 29, 2012 12:00pm EDT
space of the impact of europe or china on the chip spending space? >> it's a couple things. first off the u.s. is modestly improvi improving, but not a very strong snap back. the eurozone can't be good for demand. you talk to companies out there, there's a lot of uncertainty about what we'll do, what direction they will go and how we'll send it. third thing, china, we've had accept straight quarters of slowing growth. not hearing a lot of positive things there. and lastly, enterprise demand. not seeing a lot of enterprise demand. if the economy will start slowing, companies whether start to slow down their cap ex spends and the computers they buy, all that kind of stuff. so i think that there are some concerns there. the one pocket of strength is apple. and you guys talked on that earlier. >> texas instruments is your best from breed stock here. your number one pick. why? >> first off you have a very brad based demand. so you'll see them across the entire supply chain. they are the number one market share position in an made log today. and the way i look at the stock here, you're gett
CNBC
Sep 29, 2015 12:00pm EDT
is probably still a little bit more long than he is short. we spoke about china too with icahn saying china can take care of itself, but that things could be worse before they get better there. lastly, we spoke about another asset he is taking stock in, donald trump. icahn telling me trump has resonated with the middle class, he is the outsider washington needs, and that mr. trump in icahn's words, has a chance to win, though he did laughingly dismitts the notion that he is ready to be his treasury secretary should he win the white house. there's a lot to go off here. people have wondered if icahn is so bearish on the market, what's he doing in freeport? with relatively big stakes. he gives us a little more clarity on what he sees there, among other things. what's your take? >> well, my take is that awful the things that mr. irahn raised, but i think he does a good job of pointing out a couple of key concepts spshg the area i found most interesting was the buy-back area because, as an active shareholder, that's been a big part of his playbook over the last few years. buybacks are what
CNBC
Jan 22, 2015 12:00pm EST
isn't enough demand out there because china maybe isn't growing as quickly as we hoped. we do think that there is still significant headwinds out there and grown more cautious but the way we play it is via the -- companies are going to benefit from -- it's not just low oil price it's lower electricity costs so coming back to automakers, the cost to actually build a car has fallen, so it's a very exciting opportunity if you get on the right side of the trade. >> great to talk to you both. we'll talk again soon. >> thank you. >> all right. let's move to the financials, worst performing s&p sector this year, one former bank ceo or sees this fall as an opportunity. let's take a listen. >> i think 2015 will be a seminole period for investing in financials. if you look at the last decade in the stock markets, not just since the crisis, but in the last decade, the s&p's up 60%, financials are down 20%, banks are down 30%, and just this year, banks are down 15%. >> all right. that, of course, bob diamond the former ceo of barclays on squawk this morning from davos. what about that? great ti
CNBC
Mar 26, 2014 12:00pm EDT
. hope that china, too, will have an infusion. stock level, the uk fascinating in financial services at the moment. a lot of the big insurers are higher. people keep buying asset managers to diversify. standard life has spent $650. rsa insurance has a $5 billion annuity deal. legal and general is higher as you can e. the uk government continues to attempt to sell out of its stakes that it a. acquired through the financial crisis in key banks. today it sold a $7 billion stake in lloyds bank. takes the government's share back down to 25%. they sold it around 75, i think is the figure they sold out. that's above the break even price that the government claims of 61 pence a share for the uk taxpayer. the big one, of course, scott, remains royal bank of scotland where the uk taxpayer has an 80% interest. back to you. >> thanks. >>> coming up on the half, putting a trader on the hot seat. stock surging nearly 20% since someone on this desk said he would rather be short. grade school is in session as we teach you how to manage a losing trade. >>> live look at tampa where the yankees are get
CNBC
Dec 22, 2016 12:00pm EST
the cusp of 20,000. i wonder if there's anything you worry about with china. he has take an a hard line stan with china, wrote a book "death by china." considering the rhetoric the president-elect himself has said during the campaign and perhaps after. >> well, that's a big question. do you want to answer it now or take your break? >> you know what, let's do that. our advertisers appreciate you. >> yeah, okay. you can't answer that for five words. >> we'll take a quick break and come back with more on carl icahn, that answer and the markets. ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >>> we're back now with the billionaire investor carl icahn. carl, thank you for taking the quick break. do you want to answer that question now about how investors should be thinking about that very topic? >> well, look, you
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
Oct 1, 2014 12:00pm EDT
wynn describing how much better it is to do business in china than the u.s. next hour he takes aim the u.s. and the white house even though today shares are down based on china news. they were up yesterday based on china news. >> fun musing, somewhat endearing comments. not critical. >> sort of a billionaire to billionaire kind of golf course thing. >> don't bet against carl. everybody's learned that. >> well, i don't know. i wouldn't bet against steve wynn. she doesn't think icahn will get the outcome he wants. but we'll see. >> jane, thanks. >>> coming up. time to get rid of the third quarter's big winners and buy the lagers? or stick with what's working? or not working. then you can find gasoline for less than 3 bucks a gallon in more than 26 states. will prices drop across the country? we'll look at the futures. and the dow is down 186. still only 3% from all time highs however. keep that in perspective. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan f
CNBC
Feb 18, 2014 12:00pm EST
august and even china is now in the black for 2014. where is your best bet right now? bloom and doom author has an idea. here's what he told us on "squawk" this morning. >> i think i've been making the case, to make five to ten years. i will make more money by buying now in emerging economies and in the u.s. having said that, i think it's still too early to make a major commitment to emerging stoemtds. >> he also went tonto say, pete, it's too late to buy the u.s. >> i totally disagree with him. i still think the best place continues to be the u.s. there are other places where i certainly think you can put some of your money and you're going to probably do very well. by far i think the u.s. is the best market you can go into right now. obviously happen to be very stock specific. there are areas, sectors, specific names in each sect their have definitely lagged. i think that's where you're going to find some of the great opportunities. caterpillar was one when it was down underneath 90. pushing up closer to 100 it's no longer one of those. you can look at the industrial space and see
CNBC
Jul 12, 2012 12:00pm EDT
three trades that should be on your radar. plus, china releases the gdp report tonight. but we've got the trade today. we'll be right back. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. in here, every powerful collaboration is backed by an equally powerful and secure cloud. that cloud is in the network, so it can deliver all the power of the network itself. bringing people together to develop the best ideas -- and providing the apps and computing power to make new ideas real. it's the cloud from at&t. with new ways to work together, business works better. ♪ a passionate belief, and the foundation on which merrill l
CNBC
Apr 10, 2014 12:00pm EDT
. so that's the positive. the negative is overnight we got really bad china date that, really bad. but much worse than expected. and then we got really good initial claims numbers, right? so i think that we're trying to digest all of this in the face of right ahead of very important earnings tomorrow. that, i think, will be the real driver, when we get jpmorgan and wells fargo. >> it was a pretender's rally yesterday? the best move would have been, if you're still negative on this market, sell into that strength. >> right. >> and those who didn't do it are paying the price today. >> or if you're not negative, you still sell into the strength, because you're finding yourself in this range. we pushed all the way up close to the 1,880 level yesterday. volatility came out of the markets, got back underneath 14 last night. the mo-mo names, i'm not convinced it's time to put the stake in the ground and say these are ready to go up consistently. you look at what's been performing, it's still the big-cap names. stick with those names and you'll be fine. look at cat, deere, microsoft, intel, he
CNBC
Nov 11, 2013 12:00pm EST
charts you need to see before deciding where this mark is heading next. singles day in china. what does that mean? a multibillion dollar day for e-commerce company ali baba. how to get in on the action. plus the or stocks that could get a boost from the lonely hearts club. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. peace of mind is important when you're running a business. century link provides reliable it services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next. check for more! well, i guess i can double check... my watch! [ male announcer ] it pays to double check, with state f
CNBC
Oct 28, 2015 12:00pm EDT
it takes them a quarter, eventually they get there. and then look at china. they double their business there. china was supposed to be this achilles heel for apple, and oh, no, the consumer is china is slowing. am didn't even feel it. they asked tim cook a question about it. he said not that we could see. the pricing power in china, it's the opposite of what the bears have said. the bears have said it's a cheap phone market. tons of competitors. what apple is seeing on the ground in actual reality is that people want the most expensive product on the market. the consumers there with discretionary income want to be able to demonstrate their wealth. it's no different than a louis bag or any other high-end luxury product, and i think those aspects of the story don't get enough attention. >> all right. well, _#twitter fail. jack may be back, but earnings disappointed again. why? one analyst is sticking his neck out and upgrading the stock today and counting down to the fed. your game plan ahead. the rate decision coming up. you're watching cnbc first in business worldwide. big day
CNBC
Sep 14, 2016 12:00pm EDT
. we're seeing a 2.5 move to the upside. we talked about that china data a little bit earlier. is that what's driving the move in copper? >> yeah, that's it, absolutely, jackie. copper is an industrial metal. the numbers out of china were good. the bank loans were good. the industrial number was good. the thing is copper has held some pretty good levels. it hasn't sold off. i think that the numbers coming out of china while not great, they're not as bad as everybody thinks they are. >> bob, can the momentum in the copper trade continue? >> well, you know, china not only is the largest consumer of copper, but they're also the largest producer. that's interesting. the same way that the u.s. is the marginal producer of crude oil, china is also the marginal producer of copper. this is an interesting story. copper has been an awful trade. you couldn't buy it down that low without some sort of catalyst. we got that catalyst. a 2.5% move in copper is huge. that's definitely short covering as well. if it doesn't get back below 214. expect -- >> more futures now. futures now.cnbc.com. >> jackie
CNBC
Sep 28, 2015 12:00pm EDT
says it's more difficult now, though, because of concerns about china and the emerging markets. icahn also saying trump is the outsider washington needs. the video's full release tomorrow morning. josh, you have the stories that are already taking place in the market. and then you get this big washing. though not necessarily anything new. where does that focus your psyche on the market here? >> i think the rational person says the things icahn is talking about are absolutely true. but there's questions about whether they become catastrophic to the overall economy. i don't know that's such an open and shut case. the reality is most of the country has not benefited from the rising stock market to the degree the very small minority of people have. so if they didn't get the upside, they don't necessarily get the downside if the venture capital market bursts or some unicorns blow up. i don't know there's a transmission mechanism to the overall economy. the big concern right i nnow, i think it's valid, i buy more stocks, they go up, that ended a few months back, and now reality come home to
CNBC
Apr 28, 2014 12:00pm EDT
that will get to 50%. china and japan are only a small percent of sales and he showed a promising product line in february. i think as he access rises more, as they get into footwear more, i think you will have more chance of better store traffic. valuations, stocks down 10% to date. they have about a billion dollars of cash flow estimated, the% cash flow yield and i think it's attractive, especially under 50. >> i think the problem is the north american decline you've seen right now. there's not enough exposure in the emerging markets in china to make up for it. they need that right now in the here and now. you're seeing a shift in north america away from the retail stores, going to close another 20 to 25 this year and more towards factory stores and selling lower ticket merchandise and leaves the margin depression. and the new product line coming out in the fall. goldman sachs said they did a great job, lindsey trucker, utilizing social media and instagram and saying how kate spade and kors was getting all the likes and not seeing that with kors and we missed kate spade from las
CNBC
Dec 14, 2015 12:00pm EST
competition's getting there. china, the phones are so much cheaper from chinese manufacturers. yet apple's an infrastructure, it's a franchise. i think it will stay there. i'm not there. >> i think one of the things we're learning in december, as it relates to asset class, is the strong balance sheet. i think if you own it, hold on to it. >> what if you don't own it? wondering why it didn't do this year. the stock's flat on the year. six months, it's down 13%. >> if you continue to see the revenue growth that you've seen over the coming quarters and the stock is trading here 105, 110, then that is an area playing for a second half type of acceleration that he just mentioned. to me, i'd be interested in that. >> i'm sorry, got to hold you tight. we'll take a quick break, come back on the other side where we do expect to hear from president obama. more conversation regarding the moves in apple. and also some ceos in the hot seat. >>> here's your cnbc news update for this hour. just a few moments, president obama will update the country on the fight against isis. obama has been meetin
CNBC
Jun 24, 2015 12:00pm EDT
at some point. not china, that's too volatile for me. i think you're at the inflection point in the economy, yet again where you're going to start seeing the economy accelerate. that's going to lead to more dropping to the bottom line. every quarter we've had concerns about earnings growth in the quarter. we haven't sr. them again. that's why people are saying the markets are overvalued, i think we get past it. >> doc, size it up. >> just as joe started the show off with if you're not somebody willing to do a little hedging, if not going to cash like carl is doing in at least one of his positions, if you're not willing to purchase some insurance here, when it's historically so cheap, then you're an idiot, quite frankly judge. take a look at china, china, the volatility in that market this week, 13% drop in five trading days a 7.5% reversal. that volatility is up around 28. that's down 10% on the week. it was up around into the high 30s 0 at the end of last week. you take a look at what's going on in the rest of the world, our volatility and thus insurance is very cheap. so if you're
CNBC
Oct 28, 2013 12:00pm EDT
hedge funds can taye, this doesn't feel criminal buying markets at china, 10, 11 times earnings, india, 10, 11 times earnings. that could be the next area where the puck is going. >> josh, by the way, real quick, one of the stocks that's a big percentage of that eem is petra brass. over the last couple of days, three in particular, big upside call accumulations to josh's point. samsung very big in that particular etf. >> i mentioned we're going to have a broader discussion of what's taking place in emerging markets. where investors are placing bets unknowingly as well. we'll talk about that coming up. what you haven't mentioned, beyond biotech, beyond materials, financials. >> you know, so that's where i think the big of the amount of money's going to be made by year-end. positive ipo season, m&a growth. guys had disappointing quarters and that set up expectations for a couple of earning surprises by year end. stocks like goldman sachs, bank of america, jpmorgan, do well by year end into the first quart of 2014. >> i own all of those except jpmorgan and i agree, still my biggest overal
CNBC
Dec 29, 2015 12:00pm EST
. that was based on a lot of lackluster clarity around china. >> the stock is trading where it was after that earnings report. that's the opportunity that we're looking for. in the meantime, the financials and the valuations are very compelling. it has $21 billion of net cash and 75 million dollar market cap. that net market cap of $54 billion is roughly ten times this coming year's earnings estimates, which should be a trough. i see a screaming value there. >> do you agree or disagree? >> i agree. i think this one has -- they've taken their focus off of really what got them to where they were with many of the basically new areas that they tried to extend into. i think that has proved to be a mistake as far as the strategy for them. getting back to their knitting and focussing, i think, jim, is exactly right. this is what is going to lift this stock in 2016. >> getting back to their knitting. thank you very much. our respondent's exhibit hedge fund insider, meantime, steve weiss is, tracking the so-called smart money's moves. i don't really like that term smart moans. quite frankly
CNBC
Jun 9, 2014 12:00pm EDT
economy is getting better. and now you have just a very easy policy overseas in europe, you have china stimulating, japan continuing to do their thing. so the right groups are acting the way they should. and i don't know if you'll have this massive correction. e i think you'll tip continue to rotate. >> and i think also as you you march towards the end of the quarter, we're at the halfway point for the year, you're going to get a little bit of a chase in performance. we will be talking about earnings, but exactly what you're seeing in terms of the rotation, we get a little bit of a lift in yields, that's not good for emerging market assets. >> but if we get a lift in yields, that means the economy is doing better and earnings and top line will be better. so multiples at 16 or 17 times are not egregious. >> but i think that takes you back to the u.s.. seems the focus has gone away. >> i'm with pete. i think the biggest threat is the melt up. f. the grind is preferable. so far it hasn't happened yet thankfully. but i do degree if there is something to be worried about, it is in the overa
CNBC
Jul 15, 2016 12:00pm EDT
they do in china, by the way. the new program in the u.s. is going to look a lot like what they've been operating in china very successfully. >> you raise some very interesting and important points. you mentioned 80% as a number. as part of this settlement, so people understand what you're talking about, and exactly what the ftc itself is talking about, 80% of sales made by distributors now must go to end customers, to actual retail customer, and those distributors are going to have to provide receipts to the company to, in fact, prove that fact. 80% is a very large number. i've talked to a number of people today who questioned whether herballife can ever reach that kind of number. what would you say to those folks? >> i think it's relatively easy, actually, for them to do it. in the u.s., the business is largely a he believe -- an herbalife business and i am an herbalife distributor and will probably get an letter, an e-mail that says we're going to convert you to a preferred customer service unless you sign a letter of intent saying you're going to try and be a distributor. and o
CNBC
Aug 10, 2016 12:00pm EDT
earnings beat and new at noon, one year since china stunned global markets by devaluing its currency. now we have details about what the country could do this year, and if other drastic moves are in the cards. where we explore. protecting biodiversity. everywhere we work. defeating malaria. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. >>> time for the trader blitz. five trades on five stocks making news today. michael kors, not doing much, though beat on the top and bottom line. comp stores down. >> fashion. fashion. you want volatility in your portfolio, buy some fashion. the way i look at it. nobody has been able to guess which five to own at any one time for two quarters in a row. i can't believe how volatile the sector's become. retail risk, fashion risk. it's got technology risk now. i mean, like -- i'm not loving the sector at al
CNBC
Dec 23, 2015 12:00pm EST
at 120, whatever. >> it all comes down to the iphone 7 upgrade. china is $100 billion market opportunity the next two, three years. do you see a 50, 75, $100 billion buyback? that's interview was well timed. it's not kwenlts convince dental. you are starting to see a company now that's going to be a little more offensive than defensive going to 2016. what product do you give them next? that actually will make sense from an acquisition standpoint, and the -- apple to integrate itself in the automobile industry. that could be go something of a secular basis that provides the next one for the company. the iphone 6 momentum has gone away. it is now a waiting game. >> be patient and wait. >> firing back at us. my ideas are all about extending brands. >> box is a loser. pandora is a loser. these are companies that are in businesses that apple doesn't need to be in, and they're commodities. what synergy does that bring to apple? the only name that keeps coming up that i actually like would maybe be adobe, but why should -- why should an executive at apple listen to what i think abou
CNBC
Jun 20, 2014 12:00pm EDT
the kitchen sink at the quarter. chinese sales are up 25% and growth of same store sales in china up double digits. that what you're investing in with coach. it's the expansion over there. lastly, 700 million in cash on the bottom line on the company's balance sheet versus only $200 million in debt, they have plenty of time. >> it looks more like an assistant coach at this time. i want my 45 seconds gentleman. you say capitulation, i would say if you look up the definition of falling line. you would see them with a man purse. >> it's a satchel. >> they cut their guidance, it's a total disaster. down eight straight weeks. you can't buy this stock. i'm seeing price targets with a 20 handle. >> analysts missed the whole thing down from here. >> that doesn't mean they will be wrong. >> let me bottom line this for you. coach is in big trouble versus their competitors, the dividend is not sustainable, it's trashed. >> the bear clearly won according to the people voting in realtime. you voted in realtime that josh brown, the bear on coach won 64% to 36%. once you get in this fall, in thi
CNBC
Jun 25, 2013 12:00pm EDT
china plays. the one thing that keeps me up at night is this china credit situation. i know they've come in and jaw boned the markets into a little bit of a state of calm here last night, but i don't believe that we've seen the last of the china credit mess. >> so you're advocating discretionary, financials, health care, positive on the market, you see 1700 target by the end of 2013, yet you say china is keeping you up at night. i mean, what if china starts giving you nightmares? china starts ruining our market? >> i think for 2013 china's not going to kill you. you know, the economists have already started to cut. i think we're going to hold in the 7% to 8% range this year. the concern is further out. i think it's a slow bleed, but i don't think people should think that this flare-up in the interbank market this week is the last you will hear of the argument. i think there's a good chance that jim's bear case really comes good next year. you know, it's not a free market over there. it's not a la say falaissez-fai market. i think people need to do their homework. it's not necessaril
CNBC
Aug 26, 2016 12:00pm EDT
. obviously, the ceo going big into emerging markets. particularly china. starbucks grows behind incredibly strong leadership. >> just after, what, 12: 30 on wall street. s&p circuits nine of ten in the red. health care only one eking out a small gain, 0.1 of 10%. a tough week for health care falling 2%. bonds, etf track bonds, tlt frayeding n i trading negative. sue herera with the headlines. >>> what's happening at this hour, everyone. the italian government declaring saturday a national day of mourning in remembrance of the central italy earthquake victim. the death toll, 267. italian prime ministermateo -- matteo renzi will attend a funeral where 49 died in state. >>> and meeting in geneva, switzerland. john kerry urging russia to strike a deal with the u.s. on fighting islamist militants in syria. >>> something that hasn't happened since 1961. cuba announcing it's ready to receive regular commercial flights from the u.s. beginning next week. jetblue will begin direct flights from for the lauderdale to central cuba wednesday. >>> officials from the world health organization s
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
Feb 19, 2013 12:00pm EST
characterize that coming out of china, just given the property boom and then perhaps the pullback that we've seen. is demand as strong as it has been? >> are you talking about demand in china? >> yeah. >> demand in china, you know, softened for us. so we export logs off the west coast, our primary market for our log exports has always been japan, but the chinese entered the market, we saw demand fall off and we're starting to see some pick up in the demand for logs from china. in our cellulose fibers business, that's our fourth business segment, about an equal mix between europe and asia. we see signs the chinese economy is firming a bit. >> are we underestimating the coming build and recovery from hurricane sandy here in the eastern part of the united states? some of the traders sitting at my desk personally impacted by what's going on there. >> the last time we talked about that was immediately after sandy and it was really too early to tell. there was a lot of disruption in the distribution channels. i was in a meeting last week with economist mark zandi. he talked about the destruction i
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
Aug 9, 2016 12:00pm EDT
elements going on in china or frankly share buybacks driving the stock price prior. p primark kaw the ftc ruled against the business level in multilevel marketing but the department of labor ruled the thing they sell, which in this case isn't health shakes like everybody else in the industry, it's overpriced financial products, is also illegal. now you have a company with both its business model outlawed and the product it sells effect lively outluoed. sells front-end mutual funds and overpriced life insurance. department of labor law came in said you can't overcharge retail consumers for buying generic financial products anymore. that one and 80% in the u.s. ftc has control. >> how long have you been short that name? primark kaw? >> on and off, five, six months. >> a fairly new investment? by a typical standard. >> yes. haven't been in this space much as all until the last five, six months when we thought the ftc was heating up and maybe a rule wog come out. >> you thought residual impact of what they said about herbalife would have a broader implication on the overall space? >> poss
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 10, 2014 12:00pm EDT
china down about 3%. if there's a slowdown there, a good amount of impact will be felt in assets tied to chinese demand. think of oil, copper, they're down today. then the materials companies more sensitive to global macro economic demand stories, you take freeport-mcmoran, allegheny technologies and nucor also down. scott, back to you. >>> dom, thanks so much. we are marking the five-year anniversary of the market bottom by asking the question is the bull market raging or aging? let's find out what leon cooperman says. he's the chairman and ceo of omega advisors and widely regarded as one of the best market watchers on the street. lee, always great to have you. thanks for coming back on the halftime show today. >> thank you for having me. >> so we're looking back five years now into this bull market where we were and how far we've come. what are your recollections on where we were and how we've gotten to this point? >> well, i think we have to thank mr. bernanke slowly growing economy to get where we've gotten. i mean, it's very predictable in a sense that, you know, every economic rece
CNBC
Feb 12, 2015 12:00pm EST
, china sales. it's not enough just to say we have people in there given the wrong advice about the difficulty of recharging. that's the world's number one auto market. tesla has struggled for more than a year to get it right and even though elon musk says it's not an insurmountable problem it has people wondering how long will it take to get it right. the model x launch coming in about six months. by all indication that should not slip any further. then there's the issue of rising costs, specifically when you look at capex spending here. 's what musk had to say about how much moneys the company will be spending in the future. >> we're going to spend a staggering amounts of money on capex. i mean for good reason and with a great roi. you know, it's important to not look at the capex in isolation because like the capex obviously has been done for a reason in order to capture a substantial future revenue flow. >> and some of the concerns that we're hearing from people today about those comments regarding staggering amounts of money being spent is, how much and what's the projection in
CNBC
Jul 18, 2013 12:00pm EDT
the name today. the reason is i think that all the negative news on china is priced in there. i think the stock is going to rebound. they've been buying back stock, increasing the dividend. now is the time to get long. >> michael -- >> joshua. >> where do i begin? first of all, valuation is not a catalyst. we have no idea what future earnings are going to be. all we know is this company routinely misses their estimates and then misses guidance and guides lower. they will continue to do it to you because they're a company not in control of their own desti destiny. all i need is for china to continue what they've been doing and have publicly stated they are deliberately slowing down infrastructure spending. unfortunately for caterpillar, they have no choice but to bear the consequences of that and, by the way, when china slows down, latin america slows down, europe slows down. it hits the whole world. it's a great company. i see the support at $80. i got to tell you, you better pray that holds if you're long this name because if it breaks down, things get really sloppy really quickly. >
CNBC
Sep 26, 2013 12:00pm EDT
? that's why you want to own this stock bus of the product story and the china mobile deal. so i think the stock is in the trading range. you already got through the big news of the iphones, now we have to wait for the whoin i china mobile deal. >> by the way, dr. jay and i were on 59th avenue, the flagship store. i think we were both stunned at how crowded the store was. >> that store is always crowded. >> you could probably take half the people out of the store, it would still be more crowded per square foot than any other store. >> i will tell you, it's always that way, it's right in the middle of the area. >> the huge 5s. >> because of all the tourists coming in. to your point, why shouldn't you sit down with carl icahn? the guy is worth $15 billion. he's a tremendously brilliant investor. >> that is reason alone to sit down. i don't think it gives any credibility to what icahn may or may not do there. >> we know that icahn wants to have the price go higher because he's an investor there, right? he has been buying the stock around these levels. he said so. the fact that they're sit
CNBC
Nov 4, 2014 12:00pm EST
one part of the world. china is still growing the u.s. is picking up speed. let me point out one thing to steph's comment. correct the energy sector is going to get hit but there are pocket where is people can make money. the refiners have a higher percentage of the raw material cost than airlines so they should be shooting through the roofs the same as airlines. the mlps, they transport all these products, which if demand is good there is still going to be robust volumes through appliance. >> i agree. but a large part of the energy complex are the major oil companies and they have a very big component of upstream businesses. and as the oil price come down you are going to see cap ex budgets come down and impact the spectrum. i'm bullish, i think the market can work higher and i think it's both. it's supply and demand but i think we can work higher. >> no doubt good for consumers. everybody wants to go to the pump and pay less. >> more money. >> however if you are at a time where the consumer is already feeling the pench a little. trying to figure where their own finances are goi
CNBC
Jul 17, 2013 12:00pm EDT
year ago, they said do not talk about china. so i dutifully gave an iconic american company, hewlett-packard, that has not done well in the intervening year other than the 40% drop it suffered in the first six months i gave the idea on accounting concerns. i will just briefly touch on the fact we are still short hewlett-packard for all the reasons we gave you last year and the extra reason now that the services business that everybody loves and i referred to this morning on "squawk" i think is beginning to deteriorate as well. and all you need to do is look at what ibm and accenture and others have said and at the end of the day services is tied to hardware and that's a business that is going to be declining as well. so for everybody that hopes and prays that hewlett and dell and others have a savior in the services business, i think they're going to be disappointed. but enough about that. let's take on another iconic american company and talk about china just a little bit. i believe that the commodities super cycle which has been built on the back of the chinese construction boom is
CNBC
Apr 29, 2016 12:00pm EDT
china is about to crash, and i'm not saying it is not ever going to have in our lifetime, but it is the other way, and doing massive stimulus again. and when you think of the dollar reversing course, and maybing the emerging markets more palatable, and quite frankly helping the future earnings projections for the u.s. companies for the time being, those are fundamental shifts, and you may not like what got us there. >> and actually, janet yellin is responsible for the shifts. >> and now, the tech -- >> but still fundamental changes. >> but they are not, because you have the policy issues in china actually getting worse, because they are putting off the inevitable, and so you have traded the short term gains in stimulus. >> and i am not believing that. >> and this is one thing that is clear -- >> and forget the central banks and all of that, because you need the fiscal stimulus. >> and now, the hedge fund, and not one that i am invested in that does not have a 30-day know fis for the selling or the liquidating, and most have 60, and 90 like gates, and ackman, a year and a half, and v
CNBC
Mar 8, 2013 12:00pm EST
mickey d's and put it in yum which sold off because of the scare because of chicken in china. >> yum's got issues not only in chicken -- >> horse meat, taco bell came out. >> i just don't think that yum is the china story anymore that it was. it's gotten very tense. the whole qsr space is extremely competitive. and mcdonald's, we don't know what the new ceo is going to do, even though he's been there for 20 years. >> well, i mean the read on him now is that he's done a darn good job. right? i mean he came in. it's like, you know, the guy following mickey mantle, and you know, okay, he looks pretty good. >> i think the space, it's very difficult, i don't think a 3% yield under that scenario is -- >> he's a phenomenal manager, the dollar menu, the value menu, he's doing everything right. thompson. there comes a point where you've gotten yourself where you need to be. >> stay at home with the -- >> now that we have are the rules of the bank stress test. which ones are worth buying right now? kbw's chief equity strategy, welcome back to the halftime show. >> great to be on. >> what do you
CNBC
May 13, 2013 12:00pm EDT
today. that adds to what the fed has been doing over the last several years. even china last year with the targeted plans. this will lead to the second half of 2013 or 2014 better growth, better visibility. that means capex budgets start to improve, businesses start to invest and that benefits the cyclical stocks the most. i think you've had a pretty decent ism pmis around the world, as well. banks are in very solid shape. >> and they have, and it was clearly after the labor report where this call by all the investment banks basically said go into cyclicals. the problem i have is the central banks keep orchestrating all these evc monetary policies but we're not seeing the global growth reflected. >> yet. >> yet. and the concern i have is all of these portfolio managers that shift out of what's working right now which is clearly the consumer staples. and the reason you're seeing the multiples -- >> they're getting expensive. >> back in the '90s, scott, the multiple on consumer staples was above 20. right now the multiple on consumer staples is 19. i don't want to make the move right now
CNBC
May 25, 2012 12:00pm EDT
india and in china. >> what takes the situation over in europe to the next more dangerous stage? there are already reports of issues in spain, regions there, worries about banks, you have stories about potential bank runs in greece and perhaps elsewhere. is that what matakes it to the next danger level? >> well, i think the next danger level would be an outright default. that would be a danger level. as i said, it started to take the loss now. it would have been better to take the losses three years ago and the longer you postpone, the more likely you will eventually have a gigantic systemic failure. >> you know, sot-gen was out saying that it could hit european stocks. for the benefit of our viewers, u.s. traders and investors, would would the impact to our markets be? >> actually, to tell you the truth, i disagree with that. the market will be relieved if greece exited the euro and there would be some clarity. it wouldn't be good for bank shares and in general the markets in europe are very oversold and on an exit on greece, i think the markets would rally because that would be some
CNBC
Oct 23, 2013 12:00pm EDT
versus china, and this year, active managers have been the way to go. 80% of active managers in emerging market have outperformed in ter. -- etf. >> you're hearing from high net worth clients. what do they think about the market from now to the end of the year? >> most of the clients are frustrated. they have admitted over the next 12 months, equities are the place to be, and at the same time, they're saying i still have more cash than i should have. and that's been a common theme over the last couple of years. i think at this point, we're seeing more of our clients getting excited about moving back into markets. we're telling them that we still think that there's upside. market valuations may be fair, but bull markets rarely end when markets are fair valuations, you tend to overshoot. we're telling clients to stay invested in stocks. we're seeing increasing opportunities in european market, and on a tactical base, look to emerging markets. >> steve, thanks. good to talk to you. >> sure. >>> up next, we're looking at one of america's favorite stocks -- google. check out your portfolio. t
CNBC
Jul 23, 2014 12:00pm EDT
incredible when you look at china. people focusing on north america and we understand why. >> you knew, or at least you probably had a tell for coca-cola's numbers and their report, beverage sales, if it's juice and soda, or diet coke, in north america. >> yep. >> maybe pepsi would have an issue, too? tafrts are changing. >> maybe so. look at pepsi, because of the fact they remain eno vative, scott, with the brand and all of the food items, on the lay's side of it, why you're seeing pepsi outperform coca-cola in such a big way. look at the reaction today. everybody seems to be flowing into there. back to apple for a minute. those -- >> are you impressed or not? >> with apple? absolutely. came into the quarter thinking, everybody's got this sort of elevated area for the iphone, but everybody's also talking about, when are we getting the iphone 6, all the device, getting this, getting that? i think we expected ipad to be bad. it was. on the low end, pretty horrific. look at the i phone, how strong of the sales, over in china, i look at that as a huge mow meant um that really could kick in, b
CNBC
May 18, 2015 12:00pm EDT
plus, what they're doing in china. how much growth. the penetration there. all the rest of that type of stuff, but carl is focussed on a completely different area because carl's talking about the tv. he's talking about automatic. he's talking about all of these things. i think for all of those reasons, this ecosystem that they've got right it's why i've held it. continue to like this name, i think opportunities come any time that somebody bashes them. pushes them to the downside. ill legitimately, that's an opportunity. >> in terms of here and now, ubs raising on increased iphone demand, also today rbr coming out with a bullish note. saying that china is going to be a major driver of growth, 40% of revenues, total by fiscal year '18. kenny, down to you on the floor. how is apple trading though lately? >> doesn't trade down here, it trades on nasdaq, certainly you can see, it's not necessary lay name that i trade often because i'm here on the floor, although i can, it's just not what i do. but listen, they've all made great points, and you make great points. it's one of the names if y
CNBC
Mar 8, 2017 12:00pm EST
. i was a bit nervous about potential earlier this year about trade friction with china, but i think they have gone past that in this administration. >>> so tepper says market isn't cheap. you get the french elections out of the way and other stuff. not in the way until the market stars focusing, he's like wake me up when the ten-year hits 4%. then you have eye sawn, who says a little cautious. who's right? >> why don't we split the difference and say it's a good idea to be somewhat cautious, but to respect trend. we're in a secular bull market that started in the spring of 2013 when we took out the double top from '07 and 2000. quite frankly people have been talking about long in the tooth, too far too fast for the better part of seven years. the secular bull from '82 to 2000, 18 years, 1350%. we're you have somebody 200%. so by any measure -- go back and look at 42 to 66, another comp want bull maeshl up 970%. the trend is up. i think we can all agree, the biggest best companies in america, the stocks are within all-time hims. go down the list. so to say this is it, this is the end
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