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CNBC
May 31, 2013 1:00pm EDT
phone makers in china. as long as the golden gate bridge is set to make the fly by this afternoon just missing earth. we're tracking it. plus the uncertainty over the fed's plan to ease qe, causing a lot of volatility in the markets. wait until you hear about how it is hurting the mortgage business. ouncer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. >> welcome back to "power lunch." ten-year note yields moving back into the teens. this looks to be the highest yield close going back to a year ago. april, no real surprise there. it was the chicago number that really put the selling pressure and the yields up. when it comes to junk or investment grade, we all know the story. it has gotten its clock cleaned. when you look at the hyg, the etf, you look
CNBC
May 13, 2013 1:00pm EDT
economy, stupid. really. china, of course, and the fed all playing tug of war with your portfolio. here is president obama just a few moments ago. >> i first learned about it from the same news reports that i think most people learned about this. irs and were intentionally targeting conservative groups then that's outrageous. >> as you know, larry already has a lot to say. >> all right. welcome. we're going to start with irs gate. what do you think about this. >> now a tea party and patriots. any applications from these 501 c-4s. associated with israel groups. you were put under the mike scope. that's a new revelation. a second memo came out in july of 2011. >> it certainly doesn't make it right at any level. >> it's stupid no matter where it started. see which people are really legitimate. if you apply for that status you can do some political work. too late for them to be saying outrageous. of course it is. >> how about the treasury department? where is the treasury department? >> they should have said it friday. >> overseaing obama care. that is huge. waivers and regulations. t
CNBC
Apr 5, 2013 1:00pm EDT
night we get inflation numbers. people look at china and say they have been off the grid and the baltic drive has been down for days. maybe people are saying you know what? the communist chinese see what's happening in the world and they're going to do something. it's something that is driving the market. >> i was listening to a great debate on the halftime show exit was is the trade about dividend tired? i'm not done on stocks. i'm not making anything on bonds. not only do i make nothing on the bonds but they're taxed at an outrageous price. >> i just think that they have been, if you take a look, 1, 3, 5, 10, 15, 20 years they have been outperformers. >> so you mentioned bernanke. what does this do, if anything, to his policy. >> it makes it so we can't constantly ask people given the fact that the economy is on fire how long is he going to do this? we don't have to worry about it. >> hey jim, what they're talking about down here is the fact that the fed has now pegged their exit date by the unemployment figure itself. the president and congress are, which is cut spnding. he is
CNBC
Mar 11, 2013 1:00pm EDT
almost 7%. >> and a weak economic outlook over china weighing on the trade. annual industrial production rose 9.9% in january and february. sounds great but that is the lowest level since 2012. and another worries and sign up there as well. inflation, china's consumer price index rising from a year ago. that's a 10-month high. as for the dollar yen and juan trading. >>> speaking of currency, the green back hitting a new high. the dollar also with a three-month high against the year ro euro. it is thought that the fed will begin scaling back its stimulus and that might boost demand for the u.s. dollar. ty? >> new developments in the battle over dell's plan to go after an activist who took a stake in the pc giant now striking a deal that will let him look at dell's books. let's look at shares of dell as this drama unfolds. there you see them. our tech correspondent is live in san jose with more on what it means for dell, icon and shareholders. john? >> reporter: just today, icon enterprises released a brief statement saying give i con a look at dell's books. it gives icon more a
CNBC
Mar 25, 2013 1:00pm EDT
you're in china, you're concerned about growth rate. what it does is the risk on trade is still there. but it's the more conservative risk on trade which meebs i think it will drive trades higher. if you're in spain or italy or cyprus our greece that you will have much confidence in europe at this point and that's why you will start to see flows in the united states. >> it's about money flows. you think the money will be expatriates from europe and other places and come into u.s. stocks? >> i do. what the united states is offer something a more stable environment. yes, of course, it's sluggish growth. and it also offers something call dividend. if you have bank deposits that will now be uninsured, where can you put your money? in the united states we have limits as well in terms of how much federal insurance we cover deposits. but if you put your assets in a company stock that has a solid balance sheet. yes, you will get flexuation but the dividend is a nice alternative rather than waking up and the government telling you that you lose 30% of your money. >> that woultd be a bad
CNBC
Apr 16, 2013 1:00pm EDT
topic and talk about how apple stock has decline. the latest news over china, it's ramping up protection for the iphone 5s. karnry are you a buyer? i think the risk is more that it goes up than it goes down at this point. >> jon fortt, is it down and out? >> well, probably not out, but look, i think we have to see what their response is to the lower end and mid fehr saturdayphone tend. do they have to sacrifice margins? of course we see the chinese economy looking iffy lately. we'll look to see how confident they feel about that. >> let's finally turn to dell, a deal that icahn has doone. he says he will limit half his stake at 10%. in return he'll get information that management says will maximize the chances of elitting a superior proposal. john karney, a good idea on behalf of the incumbents? >> look, i have to say wouldn't it be fansic to be carl icahn. wouldn't it be please don't spend more money and we'll give you better access? he's win in a deal, and he's won in this one. sure, i'll keep more of my cash to myself, and you let me in and look at my books. that's an amazi
CNBC
Apr 1, 2013 1:00pm EDT
have not responded positively to entreaties from the six party countries. the key player here is china. china has leverage. they provide food, fuel. but i don't think china is helping much in terms of putting pressure on the north koreans to tamp down their rhetoric and cool their nuclear development. >> i want to get to that question. you said you were there two and a half years ago. but you were there within the last two months with famouslier rick schmidt, a business executive. did you get any kind of access like dennis rodman got to this guy? >> no. rodman got a lot better access than myself and eric schmidt. we got access to high level officials in the foreign ministry and other areas, but we didn't meet kim jong un. i don't think they want to meet with officials. i think they want to hide him for a while. what is happening two and a half years ago? i did not meet with kim jong il at the time, but i did meet with a number of people who seemed to be moderating not just their rhetoric but they stopped responding to south korea, and things cooled down. >> remind me the purpose of you
CNBC
Mar 28, 2013 1:00pm EDT
china and brazil and emerging market companies, they're all basically to the downside. the only one outperforming is japan. the bank of japan will be meeting next week and we will hear from them. >> what does this mean for professionals in the market? >> we're right at the top. we're right at the highs and it will be interesting to see if we actually close at a new high. that will be great for them. >> why is it great for them? >> it's the end of the quarter. they will mark their position at the end of the quarter. they' they're. >> the only thing that is missing is losses in bond portfolio. s if they had a couple quarters, then you start seeing the great rotation we have been talking about for the last couple of months and still not really happening. bond inflows. >> i think what you're going to see is the second quarter. we will see a little bit more volatility. we will see pressure on the market just because we have got the debt ceiling debate and earnings that are expected to be muted. we have to cover europe. that's important. >> kenney? have a great look. >> you thought it was
CNBC
Feb 5, 2013 1:00pm EST
goldman sachs just downgraded, buy, neutral, comes after young sales in china disappointed on some can chicken issues there. that's one to follow. goldman downgrading shares of young. >> linked in, buy ahead of earnings. >> buy toll. >> virtual, doc. >> gap stores, 34. >> long ieo and energy player etf. i think it goes higher. >> that does it for us. don't forts to catch more fast at 5:00 p.m., follow me on twitter and scott wapner cnbc. "power lunch" starts right now. >> indeed it does. welcome to "power lunch," everybody. bulls, large and in charge. the dow trying to wipe out monday's triple digit loss. we have two breaking news stories this hour. president obama to speak in 15 minutes time. he will ask congress to come up with short-term packages to put off automotiatic spending cuts. hampton, we begin with you, budget office right now releasing its budget and economic outlook. give us details. >> reporter: the budget office, assumes no change in current laws, 2013 fiscal year budget deficit, $845 billion. cbo projects first time below $1 trillion since 2008, 5% of gdp, well bel
CNBC
Mar 23, 2012 1:00pm EDT
to do? are stocks really a safer place? >> caterpillar riding the wave of china's economic boom but with fears of a slowdown there, is it time to buy, sell or hold? >> and we're going to take a look at the gold market. up $18 right now but that's after nearly four weeks of losses. some say it's a buying opportunity. but one mining stock you should mine for when we come back. [ tires squeal, engine revs ] ♪ ♪ ♪ [ male announcer ] not everything powerful has to guzzle fuel. the 2012 e-class bluetec from mercedes-benz. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> welcome back to "power lunch." i'm courtney reagan. today's bond report. treasury pricing leaping to highest levels in one and a half weeks on global worries. let's check the up to the moment movement, lower as far as yields are concerned all the way to the 30, 10-year at 2.352 to be exact. sue, over to you. >> thank you very much, courtney. stocks meanwhile on track for the worst week of the year as concerns about a global slowdown put investors on edge no
CNBC
Mar 21, 2012 1:00pm EDT
applications. so blending with gasoline for cars and trucks in china. >> which is the growth story. kevin, where would you be deploying cash in terms of sectors? energy i know is one you like. we heard the fed chief talk about energy a short while ago. >> sure. i think the market is looking at improving fundamentals. small cap stocks make sense in this. when we look at the individual sectors, the more cyclicly oriented like consumer discretionary. >> i was just going to say tech still works for you? >> it does. in technology space and healthcare, you've got sectors with very good fundamental macro trends. they're going to be with us for a long time. and their balance sheets are fortress lights. >> lots of cash. pleasure to have you in studio. come back. >> thank you for having us. >> let's head now to bertha coombs at the nasdaq with three in 30. >> thanks, tyler. yesterday we saw oracle shares rise about 1% going into earnings. cautious outlook for the fourth quarter giving back gains. meantime broadcom is up trying to beef up business to provide chips for internet hd tv and made a small
CNBC
Sep 6, 2017 1:00pm EDT
north dakota, the president telling reporters he had a strong and frank discussion with china's president regarding north korea. he says while a military operation is not a first choice, the u.s. will not put up with what's happening in pyongyang. >>> democrats are speaking out on president trump's decision to end deferred action for childhood arrivals otherwise known as daca. democratic leaders called for an immediate vote on the d.r.e.a.m. act. >> congress has the obligation to act which is why we call on speaker ryan and leader mcconnell to immediately put the d.r.e.a.m. act on the floor for a vote in the house and senate we're ready to pass it >> and that is the news update at this hour i'll send it back to you, michelle >> let's see if they get it done thanks, sue. >>> let's look at the markets right now. stocks are seeing a move higher in the last half hour on news the presidents will support a three-month debt limit extension. the dow is higher by 79 points gold lower treasury yields moving higher. jpmorgan and goldman seeing biggest moves as we see interest rates rising
CNBC
Jan 3, 2014 1:00pm EST
. we've been down about 4%. concerns ability disappointing china data yesterday and concerns about the taper pulling money away from some of the overseas concerns. you haven't made any money in that eem in the last four years as china has been a real problem for that particular index. >> it's been the main drag, you're right. thank you very much. move over to sheila dharmarajan with her stock screen focusing on stocks with room to run. >> worried you missed out on the rally of 2013 and wondering if you should get back in the market we have stocks according to average analyst price target could be a 15% winner in the new year and, of course, this all depends if the analysts are right. first up is urban outfitters. the company had a terrible 2013. posted a decline for the yearp . jeffreys thinks 2014 could be a different story. they upgraded the stocks to one of the best picks of 2014, said this is a turnaround story, the turnaround momentum is there, the anthropology brand is coming back. of course the consumer is healing. potentially good news ahead for that stock. second up is delta a
CNBC
Oct 8, 2013 1:00pm EDT
are expanding our business quickly in china, brazil, russia, and other developing countries. giving people in those communities that are creating new wealth access to the highest levels of our culture and that's a big part of our mission. >> will that be, do you think, ultimately the lion's share of your revenue stream from emerged markets but perhaps outside of the united states? >> well, the american market is still our largest market by far and western europe is very strongly in second place. but, of course, the asian markets and the other developing countries will be a big part of our growth. but by no means are we reducing our focus in america and western europe. most importantly, our true focus is on the great artists that play steinway, the great players of the piano around the world will be our core market. >> have you ever seen anything like the browns who are, you know, been playing fors us throughout "power lunch." i've never seen five siblings all one, get into juilliard at the same time and play so beautifully and passionately together, it's quite extraordinary really.
CNBC
Jan 7, 2013 1:00pm EST
think the important thing is it is improving. we should hear from them on whether they see china improving and the outlook. >> you will hear that from a lot of companies. they will kick it off but they will want it hear the macro story. >> what's the recipe for today within quickly? >> recipe today was pasta fajoli. >> oh, thank you. >> and so low-calorie as well. thank you. >> if the death threats weren't enough to worry about, there are concerns among fed policy makers over the exit plan. steve liesman is here on what you are hearing. how concerned are they? >> there is concern and it takes two forms, sue. two separate fault lines that developed over the fed. you are -- well, that the easy one. the economy meeting what we call the substantial improvement in labor market quicker than others do. they are worried about substantial group in the balance sheet and adjusting it once they stave off inflation. here is what they said about three different folks with the fed. another group a few others say we need considerable policy. that is qe. but they frnt telling us how long it gez o
CNBC
Mar 26, 2013 1:00pm EDT
come april. our profit margins will hold. are the -- what's it going to say about china and europe. >> are you surprised that given the banks in cyprus remain closed we haven't seen more of a ripple effect? we did initially. >> i'm actually very surprised. every day that it's closed is more fear and anxiety over there. the fact that how are they going to control that? yes they'll put capital controls, but the sense is there's got to be more fear or panic over there. that will certainly at least flow over to europe. >> we are seeing a bifur case. northern european markets have generally been stronger than southern european banks, and i do think there will be capital concerns. if i'm sitting on the bank and i have moan in a weak southern european bank, and i have $100 million, and i'm a corporation in there and i'm on the board of directors and the finance committee, i want to know how safe are we in this bank? that's where i think the risk is. >> one of the independent party, nigel, he was tell the brits to get your money out of the spanish banks. >> those are the cross occurrence t
CNBC
Aug 19, 2009 12:00pm EDT
impact right now. we were down overnight when it came to the china worries, up a bit when we were into those numbers, and spiked based a little bit and up even further. look at the numbers now, pisani mentioned it. we had a drawdown of $8 million, and expected a bill of at least a million. that is the key one right there. the other two really honestly, secondary right now. the rest of the complex, a little bit of a mixed picture. i want to point out that nat gas trying to break a nine-day losing streak. ask bill, i want to point out, many traders who i have a lot of respect for saying to me, you know what, oil could have turned around the he could market today, because you have seen the strength there. and we went up after the numbers and paused and went up again after the equity market started to up trend once again. >> it has happened before, brian, where the energy prices go, the commodity prices moving higher, as well. it takes some of the commodity-based stocks with them and that seems to be what is leading this market right now. thank you, brian. let's talk about this resili
CNBC
May 23, 2012 1:00pm EDT
higher. and the hits keep oncoming. the world bank cutting its economic growth forecast for china to 8.2%. we'd envy that in any part of this country, but no, not in china. the world bank is urging china to rely on a looser fiscal policy designed to boost consumption rather than getting in-state investment. china's market down 17% in the past year. sue. >> and you know, ty, given everything that we've laid out with the breaking news right now from the bond market, you would expect demand for the $35 billion in 5-year notes to be pretty strong. rick santelli has the results. how did they fare this time around on the auction? >> well, $35 billion 5-year notes, the wi trading 74.5 bid offered at 74. the yield came in at .748. not bad. the bid-to-cover 2.99 was a little better than a 2. 2.93 ten-auction average. indirects close to the 44% 10-auction average. we're going to give this a b minus, sue. if you consider that, the yields moved lower, followed the rest of the marketplaces, people are buying up treasuries, bunds, yields, it might have given us less on a demand rating. solid aucti
CNBC
Jun 18, 2013 1:00pm EDT
disappointed. maybe even china works knows. >> i was going to say. does that include china? >> been in china, spent most of april there. the leadership really seriously worried about the possibility of revolution. why are they reading detoqueville's old regime in the revolution? they think they are 18th century france and that's skeptical. skeptical what i heard about, i asked are you really reading detoqueville, and they said absolutely. the chinese are really worried. my guess is they have a better handle on this their their counterparts in brazil because one thing the chinese communists do pretty well is public order. they run a pretty efficient police state so i'm not expecting riots in shanghai or beijing but clearly other emerging market cities that could experience the same thing. there's a copecat effect. >> that's true. >> you see it on youtube and you're tempted to take to the streets in your city. >> i see brazil on the one hand and michelle and niall on the other turkey. we talked about that at the top of the program. to what extent are economic grievances at play in what's been
CNBC
Mar 9, 2015 1:00pm EDT
market flash. down by about 2%. the electric carmaker saying it's cutting jobs in china after missing sales targets and not specifying how many jobs will be lost. meantime, tesla also denying reports that there will be a construction delay at its nevada gigafactory. tesla shares in focus. back to you. >> thank you very much. let's go to nasdaq now and check on the movers there as apple unveils its latest tech gadget and an expected deal with hbo. bertha following the big movers. >> bye, tyler. as you would expect apple has been higher throughout the session. it has moved to the high of the day. biotechs a drag after that decision on bisimilars last week. also probably some profit taking because biotechs have been very strong movers as we're starting to see fewer highs, fewer new highs of momentum getting a little stretched according to some investors. and some of the big losers today are on analyst actions. you've got amazon and black bear both seeing down grades today. be sure to check out cnbc.com about how many more tech firms are now paying dividends to return cash for sha
CNBC
Nov 30, 2009 12:00pm EST
shine through. so i would be looking towards brazil, china, certainly india. all of those countries are representing good growth stories longer term. >> there's two schools of thought. one is that emerging europe is the next shoe to drop. the other is that emerging europe will really come through this unscathed. >> i expect that emerging europe will probably come through this fairly well. they've already had their extreme stress test earlier this year. and i expect that the imf's backing of hungary in the region will see them through the day. i expect other soft spots. >> such as? >> certainly fiscal problems around greece and italy. i think a lot of focus will be paid to those over the coming months. >> thank you, nick. appreciate it very much. >>> a lot of talk this past weekend about greece and the troubles in the economy and that they have -- the recession has hit them later, deeper. >> they took on so much debt. >> you were there for the olympics. all the infrastructure building that went on. >> they finally got a highway. >> at what cost? >>> still ahead on cnbc, if you are thinki
CNBC
Jul 2, 2012 1:00pm EDT
. there's a renewed interest in coal in china and india. it's down over 6 weeks and look for a rebound up to the $35 level. finally, tyler, ung, natural gas. we have seen a floor in here. we are seeing conversion of power plants, also exports in the l and g sector and natural gas is a good place to put your money and down over 70% in 2 years. although a 20% bounce recently, i think forward we have upside. >> sometimes you have to buy the ones down a lot. >> absolutely, tyler. >> all right. let's go to market flash with kayla. >> watching shares of open table right now down more than 10%. near session lows right now. downgrading the stock to a $43 price tar of 50 saying reservation growth is slowing. not enough people dining out. long-term outlook is still bullish. tyler? >> thanks very much. >>> earnings season is going to start within a few days and concern is mounting there's trouble on the horizon because of problems in europe. jeff cox is here. jeff, what do you think and what should investors look out for? >> thanks, tyler. we call this period right now the confessional, where compan
CNBC
Sep 14, 2017 1:00pm EDT
parts, we have live reports coming up >>> and dropping the hammer, president trump is blocking china's move to buy lattice semiconductor. it comes at a sensitive time for u.s./china relations are other deals now in jeopardy? plus, cbs' ceo les moonves making the case for why conventional television isn't going away, not so fast, and why cord cutting isn't such a big deal keep that dial tuned here because "power lunch" is beginning now. >>> any gains by the major three averages would give them record closing highs, energy is the best performing sector today thanks to oil, crude, in fact, topping 50 bucks for the first time since august 10 tenet health care shares soaring. reporting the company is exploring a possible sale. michelle >> got it melissa, thank you. >>> here's what else is happening. the federal trade commission is opening an investigation into the massive breach at equifax. the company's ceo is set to testify on october 3 before the house energy and commerce committee and the chairman of that panel will join us in the next hour on "power lunch. >>> equifax stock sitting at
CNBC
Feb 11, 2013 1:00pm EST
an opportunity to get in here. nike's position to do things in china and untap future revenue for them. >> let's move on to the last stock. dougherty downgrading green mountain coffee. saying quote, we sense that green mountain views the long-term growth of its u.s. household brewer base plor conservatively today. this stock obviously has had an awful lot of volatility over the past six months. >> yes. >> that's an understatement. down almost 4% today. down on a one-week basis down just about 7%. year basis down almost 31%. >> yes. us traders like to say this stock has been taken out to the wood shed and beaten. >> you bottom fish. >> i don't know if there is a lot of bottom fish. the k-cup, a lot of things that bother people is the forecast. the forecast were quite dismal. as it shrinks and competition comes up, i will stay away. kills me to disagree with three analysts but i agree. >> down with you, three for three today. >> we need to get back to the markets. goldy is about to close and close at a five-week low. well tell you why. >>> good news for retirees at this time, involv
CNBC
Nov 19, 2009 12:45pm EST
with a supplier in china and a manufacturer in germany to reach new customers in the u.s. well, ups can help bring it all together with efficient solutions like paperless invoice that can help make customs a breeze. hey, the opportunities are out there. seize them with ups. you know, it's hard drawing those perfect circles. the hops for the michelob brewing company. there are hundreds of growers here in the hallertau region of germany, so it's important to know all those growers. we go with them out to the fields and they tell us, you know, this spot has the best quality hops. they tell me, you know, willy, those hops are for you. the dunkel weisse, pale ale, amberbock are great beers, but it takes great hops to make them. so we get the first pick and everybody else is getting the rest. [ male announcer ] there's a family behind the michelob family of beers. michelob. crafting a better beer. when a major hospital wanted to add on to their benefits package at no direct cost to the company, their very first word was... aflac! aflac! find out more at aflacforbusiness.com >>> welcome back t
CNBC
Aug 7, 2009 12:00pm EDT
you that china is ordering up from cisco. you speak to the united technologies and caterpillar, they are increasing manufacturing because of china's stimulus and not because of theus congressional stimulus. they have massive lay offs in many, many states. you can't look at the construction stimulus and you have to look at the whole package and that package in conjunction with bernanke is done and the obviously actions and all of the actions by the government to try to stave off a complete economic collapse. the united states has obviously i think had a coordinated effect with what china may have done and europe has done. you have to look at the actions together, not separately. >> economists are saying the companies overdid it with the layoffs as we have seen. they were preparing for a 10 earthquake and we got a 5 magnitude instead. >> that's right. so many so-called experts warn that we were going to the great depression. and i in fact would blame george w bush. we had to pass the stimulus plans. >> for looked bleak back then. >> for did. i think companies did slash payrolls quickly
CNBC
Sep 21, 2009 12:00pm EDT
fact that china was ramping up its energy demand. it's softening. reporting last month china's oil demand was down 5%. also, china's biggest refiner saying that diesel demand is off. nat gas, which rallied last week on a technical rally and short covering 9% on friday is the best performer. we're watching gold. we're looking at the close. gold has closed above $1,000 for six straight sessions. we'll see if it can make it seven. it's come off the lows. >> bertha, they're also watching that in the bond pitts in chicago, and they're watching the dollar, which you mentioned, as you look at the yield on treasuries, we have, of course, the fed meeting this week. in addition to that we have the g-20 where they're going it talk about a variety of things. it's not expected to have too much market impact with the exception of the fact they're going to be talking about executive bonuses, which could roil the markets a little bit. the dollar index right now up about half a percent on the trading session. markets been able to absorb supply in the last couple weeks pretty well. they're expecting
CNBC
Jun 1, 2017 1:00pm EDT
are up big on some big numbers from china's ma cow. bikky? >> good afternoon i'm becky quick. here is what else is happening at this hour. a government watchdog said that medicaid was overcharged for epipen from 2006 to 2016. that is far more than the amount mylan agreed to pay the settle overcharging allegations. >>> construction spending posting its biggest drop in a year in april. a sharp upward division pointing to underlying string. >>> illinois credit rating getting closer to junk. its debt downgraded after lawmakers failed to approve a budget. they have the lowest bond rating in the country. we'll have much more on that coming up. >>> but we begin in washington, president trump set to unveil his decision on whether to pull out of the paris climate accord in less than two hours. he'll be making a live statement in the rose garden. let's get to eamon javers for the very later. >> there's real sus sense on this going into the announcement. we were led to believe that the president was dead set on pulling out of the paris accords. now though maybe some different air here at the
CNBC
Jan 8, 2013 1:00pm EST
earnings season, what we did. kentucky fried chicken, missed a number, blamed it on china. the china story we'll hear going forward. we have a lot of companies, alcoa the big example. what's coming out of china. now a continuing story. >> what do you think? >> absolutely. stocks are already reflected a bad season. stock price is all about future earnings. >> we're down 80 points on the dow. >> the estimates have come down enough, so i don't think this is going to be a big reason to fear. maybe flying and the flu but not earnings. >> not earnings. >> i think what's going to happen, as is typical, the market will reward on an individual basis. if they really miss, punish the individual name. i don't think the market will punish the overall market. >> you see value as we wrap this up right now. >> absolutely. because companies that have done very well in terms of earnings estimate increases last year, they have been punished last month. >> december was not a good month. >> not a good month. i think there's real opportunity in those stocks. typically you get worried about companies that
CNBC
Oct 18, 2017 1:00pm EDT
. the ipo of the day is a china-based micro lending company. nothing micro about its gains. it is soaring in its debut allergan all on the move anthem rallied to help ensure creating a new pharmacy benefits unit michelle >>> i'm michelle caruso-cabrera. here is what else is happening rising sea levels are threatening nearly $1 trill worth of u.s. homes, mostly moderately priced. an early reading on zillow, just over 80% have beaten the estimates. 10% have missed. nfl commissioner, roger goodell, set to hold a news conference any moment now we are going to monitor that and bring you the headlines as they cross. melissa? >> thanks, michelle. down 23,000. yesterday, the index now powering ahead to 24,000 what has to happen to get us there? bob pisani is at the new york stock exchange with some answers. hi, bob. >> melissa, here is an amazing stat the dow has moved 5,000 points in 18 months the dow is at average 1,000 points on average. every 3.6 months at this rate, we will hit dow 24,000 at the end of january and be celebrating 25,000 in the middle of may. sell in may and go away. y
CNBC
Sep 28, 2017 1:00pm EDT
throw growth -- we compete with european country which average just over 20 and china at 25. we are at 35 we wonder why we are having trouble. also taking the tax on s corporations past roots, people run their businesses personal income tax they're 30 millions smaller companies like that. taking that rate down to 25 from what can be as high as 40% you make those two changes of the marginal tax rate on business income and half of business income is through s corporations you got to do both and it is important that trump and the republicans are focusing on smaller business of entrepreneur entities >> after that, the full and immediate depreciation of all this investments so instead of depreciations of -- this is a five year temporary change of tax cuts i expect that'll be extended and permanent that the ten years is over allowing one time hit and bringing one or two trillion dollars back in the united states and in the future where companies over seas come back tax-free you make the money in france and whatever you got left, you can bring it back to the united states without penalties
CNBC
Sep 1, 2015 1:00pm EDT
. number one, why is this selloff happening? is it china? is it a combination? is it something else? also, of course, we have got oil, and what do you do with your money right now? do you buy, sell, hold and wait? oil falling. tyler mathisen off today and mandy at the new york stock exchange with bob pisani where, no doubt, it's another wild day for equities. >> if you thought brian was messy, welcome to the first day of september. currently sitting around session lows down 414 points. bob, what kind of correlations could you make, maybe differences as well, with what's happening today from last monday? >> well, certainly didn't have the selling pressure at important. that's the important thing. let me show you the s&p 500. last monday we had waves and waves of sell orders at the open. we did not have that today and i think that contributed to the somewhat orderly though down open. we got down to 2% and have been there and we're drifting lower and sitting at the lows for the day. let me give you headlines about the markets midday and show you what the internals are like. a man who h
CNBC
Aug 21, 2015 1:00pm EDT
week alone and up 5% this month. fears about china and demand there sending copper lower. it is also low for the week, down about 2% over the week. china, you might know, is the top copper consumer in the world. certainly any problems in the economy there are going to have a knock-on effect in this industrial metal. ty? >> sara eisen at the new york stock exchange. look at the impact on the global selloff on the emerging market. >> we're looking at the carnage in emerging markets through stunning charts and graphics. here is one-month moves in currencies of some of the biggest and most important economies in the world. you see resource-based economies like brazil and russia taking huge currency hits this month. it's highly unusual to see a 20% move in currency in five years let alone one month alone. for all the hand ringing about china's dee valuation of the yuan and china down 3%, but it is still partially managed. how is it playing out in global markets? stephen englander from citigroup shows that if you look at global stocks, the top line in dollars, not too far off from recent h
CNBC
Aug 24, 2015 1:00pm EDT
growth are they? >> we want no china, nobody lud to do business in china, google, netflix. these are stocks i'd like to be down, at one point below where it was at the quarter. apple, we have information apple is strong as of last night. >> that's right. you really moved the market this morning. you got some comments from ceo. >> apple move the market. >> tim cook trying to put to bed fears about kpoexposure to chin >> i felt like it's important to check in. you always try. i've been trying to get scoops since i covered ted bundy's homicide in 1997. i've been around long enough to try to get a scoop. why not get a scoop. the answer is i was concerned after last week, skyward exclusions, big provider said things on track in china and stock got hit 10%. i reached out and the conclusion i got was i think tim cook, he doesn't do quarter updates, but was kind enough to share, i'm going to have to quote here, continued experience strong growth for business in china july and august. therefore takes entirely the decline in their dow so to speak. >> sure. >> iphone accelerator of the past two
CNBC
Aug 13, 2015 1:00pm EDT
china central bank weakened its currency for a third day in a row. this time they held a rare press conference, saying it would be a minor devaluation. claims about 10% were wrong and that it is aiming for more of a market based rate. dollar is more than 4% stronger against the chinese currency in three days alone. but we're not seeing the kind of turmoil that we saw for it the past few days. dollar is stronger against the euro and yen as retail sales in the u.s. showed a rebound fueling bets that the fed may actually be on track to raise rates as long as the global market mood stays calm. >>> for more on the big we tail sales report of the day showing 0.6% growth, michelle myer from bank of america. take us beneath the headline. department sales were not great. >> the headline number was robust, 6.6%. auto boosts that total. if you look at a core control number, take out autos, building and gasoline stations, sales were running at 1.3%. if you dig deeper at some of the secto sectors, department store sales continue to be quite weak falling on a year over year basis. this is not a n
CNBC
Sep 4, 2015 1:00pm EDT
before the jobs report. we were weak overnight because japan was weak. now china's closed. no selling pressure, but no buying interest. the market internals, believe it or not the bottom is only average today. not a lot of heavy selling pressure. 4:1 declining to advancing here. look at the s&p futures. overnight session we were trending all the way down. we were essentially challenging the lows from the day. that's right after we opened around 9:30 eastern. sectors, this is not a day for stocks. this is just taking down exposure. the whole market is down 1.3%. i'm a little concerned with the financials. again underperforming. this has happened a couple of times this week. some of the big financial names, your usual big names are below the market again here. now i talked about the fact that they are expecting big things from financials in the third quarter earnings is supposed to be up. this looks like they're trying to anticipate -- they may not be as strong as people were anticipating. of course not surprisingly we see the merchant markets weak as well over a lot of uncertainty abou
CNBC
Jul 14, 2009 12:00pm EDT
making a good push toward alternative energy, and china wants a big part of the action. the question is, will protectionism push the u.s. aside and make china the power player for renewable energy? we have a first on cnbc interview with the chair woman of jpmorgan china equities and here is what else is on the power lunch menu. >> goldman sachs just finishing up its second quarter conference call, the company's cfo saying after big capital raises by banks last quarter, a lot more companies need to fix their balance sheets, and we could see a lot of equity issuance through the rest of the year. >> i'm scott cohn in butner, north carolina. bernie madoff was accompanied to pensions, penthouses and villas. now he is making his home here, a tiny cell that may be his home for the rest of his life. >>> i'm jim goldman in cnbc's silicon valley bureau. better than 85% of intel's s business comes from overseas customers. shares are up almost 40% since march with some analysts believing this stock still has time to run. it will prove that point or send investors running. a preview coming up. >>> l
CNBC
Sep 22, 2009 12:00pm EDT
. you're talking about china and india, they would not be held to the same standards. why can't america look at nuclear energy as a viable alternative. france has nearly 80% of their needs meet through clear power. >> mark, are we going to put ourselves at a disadvantage to india and china if we impose costs? >> absolutely not because america has to show leadership in the marketplace. of course those growing economies are going to find ways to leap ahead. that's what they're about. >> maybe it shows a leadership position, but that doesn't exclude the possibility that it makes companies less competit e competitive. >> by america leading and planning for things, ron talks about nuclear. that's a decade away. we have to deal with fossil fuels now. >> guys, good discussion. >> pleasure. >>> facebook. it's up to 300 million users. teaming up with nielsen, the ratings guys. get the latest from facebook's ceo. >>> and in just a couple of minutes, the president meets with china's leader. is it time to get tough or get real when it comes to trade with china? you're watching "power lunch"
CNBC
Aug 3, 2015 1:00pm EDT
is here to talk us through the action. >> slower global growth in china, slower global growth in latin america, particularly brazil. the commodities complex, new lows in exxon, new lows in chevron. that's why the dow is underperforming the rest of the market. conocophillips, devon energy, a half-a-dozen big energy names again at 52-week lows. we're seeing some new lows in other commodity stocks. groups. ael key with a is at a 52-week low. freeport mcmoran in the copper area also at a 52-week low. another reason that we're having a problem is big global companies, the big global -- not just energy names but industrial names. general electric. united technology. 3m and caterpillar. they're weak on a slower growth story as well, not just energy but material names. now industrials are also weaker. it is spreading a little bit as we've seen recently. commodity stocks at new lows. alcoa and freeport mcmoran lower. lower oil though is helping some of the airline stocks out there. seeing moves up there. commodity stocks, commodity group as a whole here. you can see crude oil, copper and
CNBC
Sep 21, 2017 1:00pm EDT
banks in china not to do business with north korean entities indicating the chinese are getting serious about exactly what he wants them to do in terms of north korean trade what the president had to say thanking chinese president xi. >> again, i want to just say and thank president xi of china for the very bold move he made today. that was a, somewhat unexpected move, and we appreciate it >> the president offered details of what the united states new sanctions were remember, these are different from the u.n. sanctions which were put in place back on september 11th today the president saying the united states is going to take some additional action >> a new order will give the treasury department the discretion to sanction any foreign bank that knowingly conducts or facilitates significant transactions tied to trade with north korea >> the united states had been a little frustrated at the u.n. not getting exactly what it wanted in that round of u.n. sanctions. but clearly willing to step it up unilaterally and also willing now to work with the chinese government in terms of the
CNBC
Aug 17, 2015 1:00pm EDT
, over to you. >>> market volatility rising due to concerns about china and the fed, so where should investors put their money? bill stone, the chief investment strategist, and the investment strategist at is best trust. >>> did the empire state number today throw a wrench in the expected bedtime line of a hike in september? >> i don't think it necessarily did. the manufacturing activity we have seen here across the u.s. has been somewhat weak, but there are signs to suggests we are in fact bottoming. if you look at the fed, you have to realize there's a dual man dade. on the employment side, i believe they can check the box. the inflation side is certainly lagging, but i think it would take a lot to delay the fed. >> so you think they need some tool in the toolbox in case something worse happens? >> i do believe so. look, let's keep in mind the u.s. economy is clearly improving. you look at the consume el assume of the equation that's doing well. i think everyone is focusing on the soft wage data, but there is a lag there, and i don't believe the fed wants to wait until they say the
CNBC
Mar 5, 2013 1:00pm EST
market the other day was china's growth figures and whether or not we're really seeing a slowdown in china. you cover the global economy with all the companies you're helping out right now. what are you hearing about what's really going on in china and how concerned should u.s. investors be? >> well, i just happen to be with a very influential person in the china market last night over dinner. and he was not as concerned with the announcement as maybe the general public. they announce 7.5. obviously they have always beat their number. they have a new congress coming in. so again, for them, even 8%, 8.5 would not be as robust. but it's a heck of a lot stronger than what we're seeing. again, as the president talks about sequester maybe taken .6 of a point off, my concern is i wonder if we're accepting a new phenomenon here about running slower and jumping lower in our gdp growth. i hope we dig deep and really drive innovation and really get this gdp fumble going along with where the market is so it's predictable and sustainable, sue. >> do you anticipate an enormous amount of volatilit
CNBC
Apr 19, 2010 12:00pm EDT
on a field trip to china! wow. [ chuckles ] when i was a kid, we -- we would just go to the -- the farm. [ cow moos ] [ laughter ] no, seriously, where are you guys going? ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! [ female announcer ] the new classroom. see it. live it. share it. on the human network. cisco. tdd# 1-800-345-2550 to help with my investments. tdd# 1-800-345-2550 so where's that help when i need it? tdd# 1-800-345-2550 if i could change one thing... tdd# 1-800-345-2550 we'd all get a ton at advice tdd# 1-800-345-2550 just for being a client. tdd# 1-800-345-2550 i mean, shouldn't i be able to talk about my money tdd# 1-800-345-2550 without it costing me a fortune? tdd# 1-800-345-2550 if i had my way, tdd# 1-800-345-2550 investment firms would be falling all over themselves tdd# 1-800-345-2550 to help me with my investments. tdd# 1-800-345-2550 (announcer) at charles schwab, investors rule. tdd# 1-800-345-2550 are you ready to rule? >>> welcome back to "power lunch." rick santelli here. if you looked at interest rates
CNBC
Oct 8, 2009 12:00pm EDT
hasn't got that. japan isn't allowed to have that. that leaves us and china, right? >> right. but think about how horrible of a statement that is. that the dollar is a safe haven when the world is a dangerous place. maybe geopolitics gets hot. certainly we have the best army and the best military, but void of anything catastrophic, the underpinnings of the dollar coming from washington are just deplorable and it makes every american's share in the cost of the bailout program because it's the printing to pay for those that's diluting the one -- >> it does give moral hazard to the u.s. government to keep printing because we're the only country in the world, think how lucky we are, everything goes to hell in a hand basket, and people run to our currency. our interest rates go down whereas in most countries in the world, their interest rates skyrocket. >> i think part of that is there's no other strong alternative. >> for now. >> i always want to add when i hear congressmen and i hear others say where else are they going to go or we have the greatest currency, so far. >> that's exactly what
CNBC
Aug 28, 2009 12:00pm EDT
and i bought apple. i think you have to own it because of the entry into china. how many people are going to touch. if they can take 1% to 2% it's $2 billion in revenue. palm is up 3%. you have to wonder. we talked about it on the desk and dell has the cash to take out palm. the difficulty is that the technicals make it tough to trade. >> i will see you tonight. >> see you tonight, melissa. >> an analyst and the did she for trash could leave many empty-handed. "power lunch" has the read on real estate. i should say back that up. state of the consumer. an indicator making a come back. it has been a long vacation. >> not long enough for me. >> outlook for tech on the back of intel and dell. fall real estate outlook and the lobster industry at a boiling point. wait until you hear what you can get for lobsters. good for the consumer and terrible for the lobster men. seeing sales up 15%, but told the "wall street journal" we will see a hangover effect follow the end for the cash for clunkers program. tiffany's shares after the retailer beat estimates and raised forecast. in california, i
CNBC
Sep 22, 2017 1:00pm EDT
sources say an announcement will still come before the president's china trip in november outside advisers note this is temporary, the shift is not going to be permanent. trump will have to get tough on trade when he eventually makes the deal on immigration reform in a few months. so that he can say that he's given his base something that it voted for. michelle >> all right, got it, thank you so much, kayla >>> breaking news on the health care bill, eamon javers has the details on that. >> reporter: new word from the senate side right now little bit more difficulty for the president's obamacare repeal and replace effort which is moving ahead we expect next week. senator susan collins, now, republican of maine, is leaning against voting for the republican bill, citing here major concerns on that bill. that makes it a little bit more of an uphill slog for lindsey graham pushing this proposal to in effect push block grants out to the states and repeal and replace obamacare in a way they haven't envisioned before. that makes it difficult for lindsey graham he's not out of the woods in
CNBC
Oct 19, 2012 1:00pm EDT
clearly the earnings. this morning i was thinking there's some bad news out of china, that's going to weigh on things but it seems at the end of the day earnings have taken the center stage and they're not giving it up. mary said about the banks, man, i want bank earnings back again. that's way more fun than what's going on now. >> that's an understatement. >> i wouldn't say this is fairly orderly. we're still in the range that started in the bernanke qe infyty. right now i think we're okay still. >> i want to take you back to 1987. you were work rg in the business, i was a 29-year-old reporter covering it for then financial news network. you reminisce of that day. for me, it was -- there was terror. >> no doubt. i had been in the business three or four months and my chief responsibilities up to that point was getting my boss's dry cleaning but that day i was taken from the currency pits -- i worked for goldman at the time -- and thrown in the s&p 500 pit. emotion and terror was so palpable. for me i didn't have anything to risk and you could still feel it. that's been a really big le
CNBC
Aug 7, 2015 1:00pm EDT
especially weakness in china. sotheby's earnings falling short of expectations with currency impacts, the timing of a big london sale and the loss on a multi-million dollar painting. smith outlined his plans to turn sotheby's into what he calls a high-end client service company rather than just an art auction house so he's going to grow into jewelry with be wine, cars, financial services, expand all those businesses. also expand the middle market. that's priced at $25,000 to $1 million and expand on the west coast and other new wealth centers. he's doubling the share buyback program from $125 million to $ccl million. but there are growing fears of a broader slowdown in the global art market with total art sales in china and hong kong broadly down 30% in the first half. the question now is whether china's troubles are going to spread to new york and london. >> if you look a bit more closely at the auctions, what you see is that the population of buyers is very discerning. quality is continuing to sell at very high prices. and things that are not as high quality are finding a little bi
CNBC
Aug 2, 2013 1:00pm EDT
. we've got the good pmi numbers out of china. china now with its first weekly gain in four weeks. back to you. >> what a wild, wild week it has been in the bond market. rick santelli tracking the action at the cme. ricky, over to you. >> wild is okay sometimes, sue, because the market is trying to handicap what's going on in the economy. many could argue that the market's been taken over, but today you would have never known it. we get a weak report and yields moved out. makes perfect sense, whether you look at the intraday or open it up to about mid-june, the key is still the same technically. remember, a couple of points. the lump side of that chart, the one high, a 261 yield close. right where we're at, a key technical area. on the bigger picture. well, the bigger picture, still up on the weekly close last week. the dollar index moved down and rates moved down. that makes sense and if you look at the technicals and the dollar index, still rather spongy, especially under 81.50. tyler, back to you. >> actually, rick, i'll i'll take it so much. the case against s.a.c. capital may hinge
CNBC
Aug 22, 2012 1:00pm EDT
brings economic benefits, as well. the important thing to recall is that russia unlike china is not a manufacturing based economy. china saw an immediate boost to the economy once it ceded to the w.h.o. and it's a natural resource based economy, primarily oil and gas and the benefit to russia at least in the near to medium term is quite marginally. in terms of the risk and the case of the riot last week, this is disaster for the kremlin and they're not able to manage public relations very well. so instead of, you know, really taunting the fact they ceded to w.h.o. they're focused on the human rights regime. >> a lot of people look at russia, look at the natural resources. look at the fact that although there's a boom and bust cycle in russia we're aware of, when they're in boom times you can make a lot of money there but given mr. putin's tendency to try to control all things that smell of capitalism, is the risk/reward ratio generous enough to risk money there? >> well, i think it is and i think when you talk to u.s. businesses and foreign businesses generally on the ground there w
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