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CNBC
Oct 5, 2017 1:00pm EDT
>> alibaba with all pac-12 sports, for last two years china hosted the opening ncaa basketball games and both years the broadcasting of it attracted more than 10 million chinese viewers. just to put that in perspective, thursday night football last week bringing in 15 million viewers domestically including amazon prime members that streamed the game. ncaa sports are just getting started in china by joining forces with pac-12, alibaba will have the ability to distribute 175 live network event providing alibaba with new contact for the massive audience as battle for sports content heats up over in china alibaba's rival has partnerships with the nba and nfl for pac-12 this gives them the opportunity to expand its global footprint as commissioner larry fox told us on squawk box. >> globalization is huge priority for universities and sports can be the front porch as it exposes interest and passion. >> the first game, first ncaa basketball game this year is on november 11th. ucla versus georgia tech played in shanghai. this is the latest place of china's big bet on sports content, and in this
CNBC
Jul 11, 2017 1:00pm EDT
developed market strategies in june for the sixth month in a row china focused fund over 17% in 2017 followed by hedge funds invested in ipd ndia which are 19% this year. they say most of the fund are primarily equity driven so their performance in china and india highly correlated to the performance in their respective markets. not all fund did well. russia had a dismal june and brazil, which had been a popular position for funds, given the recent political turmoil,their second quarter returns were the lowest across the entire hedge fund industry. a possible catalyst for emerging markets is coming up next week when the united states and china are expected to unveil their 100 day plan on trade. one specific issue u.s. officials have privately criticized is the chinese requirement for a joint venture partner for u.s. firms investing in china alley ali baba have no similar terms for investing in the united states >> thank you, seema. >>> the senate has delayed the august recess. where is larry kudlow to cheer this on. they are delaying the senate's august recess to provide more time to
CNBC
Aug 11, 2017 1:00pm EDT
billion trade relationship with them with china taking the lead rather than let that take effect and squeeze the north koreans and try to get them back from the brink, we're escalating it and using language that he uses, that's not who we are. we need to lead a tough sanctions to squeeze this regime the military option is always on the table and always has been. that is not the wisest course, you want to try to solve it first through tough sanctions and that's what we were doing until this war of words started that thrown that off kilter, it's wrong. >> i hate even suggesting this given its a regime that strarve its own people for no reason and worst dictatorships in the history of modern mankind. now that thefl a nuclear weapon, there any argument to be made to more carrot, less stick, which is do we just sort of appease them and let them go on their way as long as they are not doing anything in the region or to us. >> i don't consider sanctions imposed which wipes out a third of the trade, a carrot, that's a pretty big stick. >> china is the key here it has the most of the trade i
CNBC
Oct 6, 2017 1:00pm EDT
, saying you're wasting your time negotiating with north koreans while he was abroad in china. we need the chinese cooperation and participation to try to find the diplomatic solution. and then you hear what the president said last night. and i thought to myself, whoa! wait a minute, are you just saying there's a calm before the storm for what are you signaling military action in north korea? are you signaling military action anywhere in the world and it gives our allies and adversaries pause for reflection to say, what is the united states about to do and i will candidly tell you that's not the way for the president that i worked for, that you use the bully pulpit. you have to be very measured and calm in your tone. and i just hope my friends in the white house recognize that the president may have made a lot of people very nervous today. >> do you think, ron, that the president has yet to fully grasp the power of his words i understand the history that he's had in entertainment with "the apprentice. where teasing, you won't believe what is after the break, that's a tease. that matter
CNBC
Feb 26, 2016 1:00pm EST
room, he talked about that record number of android switchers, talked about the growth in china. said, listen, there may be hiccups from quarter to quarter, long time bullish in china. chinese consumers love our products, 61 billion in revenue in greater china last four quarters. name another company he said that can boast that and future markets like india, they get 1.5 billion of revenue last year but he sees india today as what china was ten years ago meaning a young population and a population that is rapidly moving into the mid le class. he reaffirmed what he said about india, they're putting a lot of resources into that area. >> very quickly it would be interesting to know, i do not, what al gore who spent many, many years in government thinks of the tussle between the fbi and apple. has he been heard from on it? >> i don't believe so, tyler. al gore was in attendance. i don't believe he's made a comment on that. >> i haven't seen anything. >> i'm sure -- no, i have not seen that. listen, it is a difficult position. we have issues of privacy and security on one hand, natio
CNBC
Aug 4, 2016 1:00pm EDT
prisoners than china and russia combined. five years and a whole lot of debate later, and the u.s. still has more prisoners than any nation on the planet. 2.2 million people compared to 1.6 million in china and about 650,000 in russia. but, things are slowly starting to change. and not just because the obama administration is releasing prisoners at a record pace. states as diverse as california and texas are clearing out non-violent offenders. and take a look at the long-term trend. this from the bureau of justice statistics. this is the overall people in the system, so it includes people on probation. but the people behind bars are a similar trend. the population is leveling off. so, what does this mean to the companies that operate private prisons? five years ago, we reported on corrections corporation of america, the nation's largest prison operator. today, cca is still going strong, though a little bit of a hiccup the last couple of days. just yesterday, the company beat wall street expectations, both on earnings and revenue. the stock is down about 6.5% today. the company said it lost a
CNBC
Jul 6, 2015 1:00pm EDT
. there are several reasons though why, including china, greece and the looming deal with iran. just how low can oil go. >>> much more on those two big trouble spots, klein and greece. does a day like today present buying opportunities in those two countries and here in the seemingly more stable usa. >>> but on greece markets now well off their lows. mary thompson what are people saying down there? >> while we are off the lows as you pointed out, don't get too excited and think that we're past the worst of it we are not. the dow was down 166 points at the worse www.point. right now we're down about 30. vix which popped up 10% at the open is now only fractionally higher after pulling back. this that is a fear index we watch here at the new york stock exchange. the story remains the same. we are seeing a bid in gold a bid in the dollar and we're seeing a bid in bonds today. again, the concerns about greece continue to be at the forefront of traders' minds but again they are waiting to see what happens tomorrow and throughout the rest of the week. china is also a concern and weighing on the
CNBC
Dec 22, 2015 1:00pm EST
examples out there as well. then when you throw-in different cultures, which is china and india and sourcing from those locations, mom and pop shops, everybody is balancing cost, delivery and compliance and sometimes compliance takes a backseat. >> very quickly. do you find it curious that as i do that other chain restaurants seemingly have not had this problem and that it is not necessarily unique to chipotle but is focused there. panera doesn't seem to have it. wendy's doesn't seem to have it. they don't sell the same food but they certainly sell lettuce and tomatoes and ground beef. >> yeah. unfortunately, i don't have any insight into why chipotle and why not other vendors. i will say, again, that i feel like in their marketing materials seems to be focused more on quality than a lot of those other ones that you mentioned. but perhaps the mindset of day to day compliance is not engrained as much as it should be or the complex fresh food local supply chain may be a contributing factor as well. >> all right. excellent point. john gray, associate professor of operations at the ohio
CNBC
Oct 11, 2016 1:00pm EDT
gotten recently. we had the honeywell warning, we had alcoa coming out saying that growth in china hasn't really materialized yet. we have got a dollar that is actually strengthened significantly in the past month, 2.4%. you enter earnings -- >> there is no doubt it is baked in. be a little careful because you don't know exactly why people are positioned once the news event happened. you can have an outsider reaction. i think that's the fed's goal, to go with maximum flexibility and hike without a big market reaction. i think it is worth talking about, a piece that is out there from goldman sachs, this connection between the election and the rate hike. and the idea being that the more it seems like hillary clinton will get elected, the more certain the market gets about a rate hike and that's because there is some fear out there that a trump victory has some sort of economic shock value to it that could upset markets and could cause the fed less likely to increase rates, but the more increased probability of a clinton victory gives the fed more confidence and the market more confidence th
CNBC
Apr 27, 2016 1:00pm EDT
india and china are big uptick in that. we'll see that in the june quarter. and looking beyond, they're going to expand on services. at least the biggest growth right now. it's the biggest growth sector. they're going to find new ways for developors to make money. then they make money because they take a cut from development income. apple music is growing. that will grow higher. and that was the first subscription service which implies they'll do more. potentially a skinny bundle. >> sure. >> i want to bring knew this conversation because we have been talking about, you know, the fact that apple could actually move the needful they focused on services which are still, i mean, we're talking $6 billion in the quarter versus $50 billion in revenue for the quarter. there is a relatively small part of the overall pie when it comes to revenues. but what -- i mean could it be better off if they just focus on making the right acquisition at this point? >> well, i really -- when you look at the services business, what i've been thinking about is why can't apple package in things like itunes, i c
CNBC
Dec 10, 2009 12:00pm EST
about, the consumer is one. credit is another. china is on your list as well. but also commodities and it all kind of play in together. but the consumer seems to be more resilient than people thought they would be this time around. >> what i would say is it's not so much there is a list of concerns but those are three, four things we'll keep an eye on in where we're headed. >> and where to invest. >> where to invest, absolutely. that's the investment idea is a derivative of those overhangs. the consumer's huge. we have had a huge shift in terms of consumer behaviobehavi. all of the leverage taken out. the consumer in the u.s. is a enormous part of gdp. where do you get growth? reality is that is that is a consumer on a global level, something we've never seen in numbers and speed of development. there's a shift -- >> which leads you to china. front page of the business section of "the new york times" was a gentleman in china hugging an escalade. they are consuming on a level that no one ever thought they would. >> absolutely. >> it wasn't tiger woods, was it? >> no, it was not. no,
CNBC
Dec 8, 2016 1:00pm EST
. right now, mgm down by 4 or 5%. this on a report from the south china morning post saying that the monetary authority in mccow is looking perhaps this weekend to curb the amount of money that people can take out of atm machines within that particular region. so, that's having the adverse effect on the casino stocks right now, especially those that are perhaps more levered to that gaming industry, so that's the reason why those stocks are moving again. it is not official as of yet and according to the south china morning post, nobody at the monetary authority has commented on the record about it, still, that's what's moving the stocks and why those are moving the way they are. >> as far as independent newspapers can exist, the south china post is one of the more representable ones. >> what do you think? >> if you turned off my atm machines and mikasy know, i would have a bad day. when you start talking about cutting what you could take out of an atm machine and the billions of dollars even for that weekend for a gamble, you are going to hurt their business and that's probably where
CNBC
Dec 1, 2016 1:00pm EST
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CNBC
Jan 12, 2017 1:00pm EST
concerns of this plan because i don't see them going to germany or mexico or china to raise the concerns, and donald trump has been exactly right to call people out on this. >> if i'm a major retailer, why wouldn't i be nervous when i see a 20% tax on imimportaports? >> this is not a tax. it's border adjustment, what they do in all other countries. i know few people selling retail in the united states that are not selling retail into asia and europe. this is nothing new. it's nothing different. perhaps if you're just an accountant and you're looking at this statically and looking at your old business model, yeah, you see where it would be an added tax, but, in fact, it's not. the business model changes. your investment strategy changes because this encourages investment in the economy. it creates jobs. we get out of debt financing and into equity financing, so it's a plan that will really -- >> that's a longer term view, but, i mean, for michelle's point, for a lot of retailers, basically, you say, for the retailers already operating on thin margins, i mean, as you know, the dep
CNBC
Jan 27, 2016 1:00pm EST
street a few years ago at the 5c, we said you need to go to lower price points and they didn't. china, saturation of the market is good for apple. it is saturated with android phones and people have aspiration to move up to apple. so i don't think they need to go to dramatic and lower price points. >> tim, you mentioned you're going to wait a few days to see how it all shakes out in terms of whether or not to add to your current position. there was a distinct shift in tone that tim cook had on the conference call, apple sounded a lot more susceptible to macro head winds, particularly out of china, he talked about slowing growth in hong kong early in the month. i'm just wondering, what do you think you'll know in the next few days that could convince you to add when a lot of the things are things that need to play out. these are things that are unknown, even to just general investors, let alone -- and to tim cook for that matter, in terms of how they play out and how these head winds will impact iphone sales. >> well, i think it is to play a little bit about what steve has been saying,
CNBC
Jan 6, 2017 1:00pm EST
happening in china with the yuan. being defended in a very aggressive way. capital flow restraints being put on, money leaving the country. overnight lending rate has surpassed 16%. how long can this be sustained? i think we should be somewhat cognizant and the dollar's strength which is not only apparent but could keep this type of pressure on china. >> let's bring in -- >> hold on, steve. we're going to keep you in here. we're also going to bring in one of our other colleagues, dom chu, intelligent and handsome man but used to work as a mutual fund manager. >> i did. >> dom, take us back to your experience being in the markets when we hit a big round number, 10k, 15k, whatever it might be. did the phone start ringing? did it matter? or was it, hey, neat. let's move on. >> if you're one of the retail investors putting money to work, when it comes to mutual funds -- hedge funds to a lesser degree. it's investor flow driven. this idea that people put more money or less money into mutual funds or take money out. it all plays into whether or not big investors start to put money to wor
CNBC
Dec 10, 2015 1:00pm EST
higher today on news that china plans to ease its stale expoeel export tariff. shares are off 67% as steel prisses continue to decline. >> i think in the month of november the stock declined by 40% so a comeback there for u.s. steel. >>> republican presidential candidate donald trump's business partners are under fire over his latest comments about muslims. how trump for president is impacting trump the brand. you're watching cnbc and we are first in business worldwide. proud of you, son. ge! a manufacturer. well that's why i dug this out for you. it's your grandpappy's hammer and he would have wanted you to have it. it meant a lot to him... yes, ge makes powerful machines. but i'll be writing the code that will allow those machines to share information with each other. i'll be changing the way the world works. (interrupting) you can't pick it up, can you? go ahead. he can't lift the hammer. it's okay though! you're going to change the world. >>> welcome back to "power lunch." jcpenney shares are currently sitting flat with a downside bias. the department store chain upgraded from ne
CNBC
Dec 29, 2016 1:00pm EST
question, which is basically what's the downside risk for next year, not being china, europe, middle east, think of it not being places focused on for a good three to five years. if one comes is going to be in a place, even in the united states or some bank or financial situation, some type of meltdown that's unforseeable today. that's really the only scenario on our horizon. those are always there. it's just very likely that we discounted that type of downside. >> doug, your biggest risk quickly. >> yeah, i think the it's dollar strength, capacity constraints inside the united states. from inflation in the wake side. >> doug and jerry, guys we appreciate your views. we'll see you soon. >> happy new year. >> now to a news alert in the bond market. seven year notes up for auction and professors said kelly break out your red pen and grade this for us. >> we don't need a red pen today. a very solid auction. 28 billion seven year notes, the last of the year. fielded the dutch auction, 2.84. right at 228.5 price spectacular. if we lack at the bid to cover 2.54. 64% above average. 19% on d
CNBC
Apr 5, 2016 1:00pm EDT
governor celebrated the company's anticipated move into that state. >>> a heartstopping sight in china as a motorist launches a landslide. the vehicle's recording advice captured the moment when tons of rocks poured down in that region. miraculously and thankfully no injuries were reported. wow. that's lucky. that's the cnbc news update this hour. i'll send it back to you, melissa. >> timing is everything. let's get a check of gold prices. no surprise we're seeing a bit higher this gold. just a quick backup on the s&p 500. watching that very closely because year to date it it looks like we might slip into the negative. back to fwld, up would 0 ppts 7%. 1227.80 is the last trade. silver is high by almost 1% and platinum also 0.8%. copper trading to the todown si. rick sap tentelli is at the cme. german bond yields is a shocker. >> definitely shocking. i don't think it could be a shocker. you can see rates are going down. here is an easy one. we know the kbs banking will correlate with rates, but when you put a year to date, what should jump out at you is we have a negative loop between cen
CNBC
Nov 17, 2016 1:00pm EST
talk, the tariffs in china, et cetera. when i saw the stocks sell off with the exception of apple, i thought it was most ly because f higher interest rates. when they start to rise and a company has earnings that are way out in future and a lot more in doubt, they sell auffaroff. how do you capture that at this point? >> that maybe part of the reason for the sell off. and as we talk to investor, we've had a lot of questions and most of the questions have been directed about what trump's policies are as a campaign and what the companies have said. and so, we're basing our note today on some feedback we've had ore over the past week from investor, so yes, that may play into it, but i think there's just some concern ant trump's rhetoric on the campaign about being antiinnovation and that is pointed to by open letter that tech executives had written to donald trump the candidate on that topic and so, i think what you're talking akts, i think that also where investors feel about the trump presidency has an impact on it, too. >> zbreen gene, it was a plrn to get you on. thank you. >> al
CNBC
Mar 7, 2017 1:00pm EST
going to be taxed coming into america, if america doesn't want our oil, maybe china does, somebody else does? are you looking at new markets? >> we're always looking for new markets. and we have always been trying to diversify. the truth of the smart is that we're close. so the margins, the oil market is a world market. but it's also a relatively low margin market. so transport matters. being close by matters for both. we are always looking to diversify, finding new clients. >> here in studio, good to see you again. i see you've hit your production targets last year. congratulations. that was the first time in a very long time. i'm wondering about we just had the head of aramco on earlier. brian did a great interview with him. all this talk about aramco going public. i asked the individual who held your job before you whether or not he ever dreamt of the idea of pemex going public. he said it would be great. the problem is we never have any profits and that's because of the structure that's so enroped with the government. all the changes that have been happening within mexico and w
CNBC
Apr 18, 2017 1:00pm EDT
heading to china to calm concerns of core customers and officials. a trip was already preplaend plai -- preplanned. >> president trump arriving in wisconsin just moments ago to promote his buy american hire american agenda. but is that message conflicting with his pledge to be pro business? coming up on power lunch. coming up on power lunch. your insurance company won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. and if you have more than one liberty mutual policy, you qualify for a multi-policy discount, saving you money on your car and home coverage. call for a free quote today. liberty stands with you™. liberty mutual insurance. >>> i'm sioux herera with your update. british prime minister teresa may sayinghe s will seek an early location on may 8th. >> the government's majority is so small that our resolve will weaken and that the
CNBC
Feb 8, 2016 1:00pm EST
wednesday. you can talk about exposure to china, but now 12% in three or four days. that's pretty noticeable. starbucks and under armour weak on friday and weak again today. bear markets, people asking about it, we got some. the russell 2000 is 25% off, 52 week highs, historic highs. transports, 25% off. banks, that's the kbe, down 25%. and materials in the s&p 500 23% to the downside. the vix at 26 now. that's very interesting. you would think the vix would be a lot higher given the volatility of the last few days. i think part of the problem is there are other options out there, a lot of other ways to play options including weekly and monthly options and what you look at is a quarterly options. the s&p 500 quarterly and i think there is simply less action in that. i'm wondering if whether or not the vix represents the volatility now. i think we might need a broader index than the vix to see exactly what is going on in options land. back to you. >> bob, thank you very much. stick around as we bring in cnbc senior economics reporter joe liesman. joe, let's talk about why you upped
CNBC
Mar 3, 2016 1:00pm EST
. >> mark keisel of pimco, thank you for your insight. >>> moodys cutting its outlook on china, get morgue negative. what is the credit agency seeing ahead and the person who leads moodys sovereign risk team will tell us in another look live at portland, maine, where presidential candidate donald trump is expected to take to the lectern any moment now. we'll take his comments live as he presumably responds to a stern tongue lashing from mitt romney. >>> black and beedenim co-found he started a second business, a coffee bar, in the same tampa, florida storefront. customers can now sip their joe and shop for clothes at the same time. for more, watch your business sunday mornings at 7:30 on msnbc. our cosmetics line was a hit. the orders were rushing in. i could feel our deadlines racing towards us. we didn't need a loan. we needed short-term funding fast. building 18 homes in 4 ½ months? that was a leap. but i knew i could rely on american express to help me buy those building materials. amex helped me buy the inventory i needed. our amex helped us fill the orders. just like that. another s
CNBC
May 16, 2016 1:00pm EDT
seeing worse and worse data out of all of the asian economies, not just china. so i question the demand growth numbers. >> india is doing well. theish sue inventory overhang. you have to work off the inventories. >> opec in three weeks. are we going to get a deal in vienna, austria? >> we didn't get a deal in doha, i see no deal -- >> everybody says that they didn't amount to anything. you called it. i called it irrelevant on the air. any big surprises you expect from the opec meeting? >> i don't see the saudis changing their mind right now. if you look at this pain that everyone is in, i think they're ready to blow up opec. >> thank you, ladies and gentlemen. okay. that's a big one. all right. some big oil etfs are on the move today. let's get to dominick chu with an example of some ways can you trade that market. >> so the stocks and rally mode today in the energy related etfs are helping to lead the market higher. funds being used to express energy views in these stocks include spdr. $14 billion in assets. it's the biggest energy related stock out. there another big one that p
CNBC
Sep 29, 2015 1:00pm EDT
, china, is also going to be slowing down as well economically. so those two big drags. and then slumping energy prices, three of the main reasons why goldman sachs thinks we could be due for at least a slower momentum stock market. we'll put that way. take a look at the reasons why. they're saying, hey, look at least for outperformance in stocks that have certain criteria. they're looking at four specifically. higher sales exposure and catch returns to shareholders. higher quality companies with earnings and sales growth. and stronger balance sheets. they're not as exposed to leverage. so with those four criteria, they look at a bunch of different stocks in the universe. and their analysts look for ones that fit at least two of the criteria. among the names they came up with here are some interesting ones here. first of all, you have names like refiners, marathon petroleum. that's one of them. also some other ones here like chipotle. they all have upside. they think the target price could be. now remember, with these analyst moves here, rdc did theirs yesterday. they lower i had
CNBC
Nov 16, 2016 1:00pm EST
united states by, you know, disavowing nafta or putting a 45% tariff on china, et cetera, et cetera. i wonder because basically manufacturing in the united states has been destroyed over the last 10 or 20 years and will take a long time to put it back in place, if ever. so i think they sort of got -- maybe not hoodwinked, but they expressed their frustration for the other candidate, for the nonestablishment type of candidate. and i think that will continue in terms of populism, but ultimately there has to be, if populism is to be validated, in terms of producing more money for wages as opposed to profits, you know, there has to be a selection not just in the u.s., but globally, that favors, you know, policies towards main street as opposed it wall street. >> very quickly, bill, the centerpiece of trump right now, his plan is going to be a trillion proposed in infrastructure. much of that will have to be likely funded by bonds. bond market has to buy them. no buyers for those bonds, no trillion dollars for the infrastructure plan. would you be a buyer of any infrastructure bond that is
CNBC
Jul 13, 2017 1:00pm EDT
>> thank you french tv of china [ speaking foreign language >> translator: for both presidents mr. macron, you had your first meeting with the chinese president during the g20 summit. what will france do? how will france cooperate with all of these areas of china? and what do you think personally of mr. xi jinping? >> president, during the g20 summit and how do you want continue to work with china? and what do you personally think about mr. xi jinping thank you very much. >> well, he's a friend of mine i have great respect for him we've gotten to know each other very well. a great leader he's a very talented man i think he's a very good man he loves china i can tell you he loves china he wants to do what's right for china. we've asked him for some assistance with respect to north kor korea. probably he could do a little bit more, but we'll find out we're now work on some trade deals. he's been very nice. he's let, as you know, beef go back in. certain financing go back in credit card financing and various other things go back in at my request, which is a great thing for our farmer
CNBC
Jan 3, 2017 1:00pm EST
-commerce and china. what to avoid, more of the telecom. any of the bod bottom proxies because i think the fed raises rates two or three times this year. ignore the headlines or tweets for that matter. >> how do i protect what gains i may have made in the fourth quarter of last year, scott? leave a little bit more room for gains in 2017 but also have some defensive ballast to protect against the kind of risks and volatility you just pinpointed? >> in a nutshell, in any environment, but particularly one that bears such company-specific political risk, it's important to own the shares of companies that have a greater than average degree of control over their own destiny. whether that's through the loyalty of customers, provision of essential products and services, strong balance sheets. companies that aren't necessarily subject to the political discourse. >> give me some examples of each kind without indicating whether you're necessarily recommending those particular companies. in the former category, the ones that would be subject to political risk, you would be looking at -- >> the whole l
CNBC
Nov 1, 2016 1:00pm EDT
month. apple, a drag overall, ubs survey indicating demand for the new iphone in china, seeing that stock just off session lows, down by 1.5%. >> thank you very much, melissa. i'm tyler mathisen. welcome. here is what else is happening at this hour. gannett says it is ending a six-month long bid to buy the newspaper publisher trunk. i love that. construction spending falling in september. they were expecting an increase. and the fed picking off a two-day policy meeting in washington. we'll have full coverage of the fed's decision on interest rates tomorrow right here on "power lunch." >> right now, it is the final countdown. one week to go until election day. john harwood is here at cnbc headquarters with the latest in the race for the white house. john? >> michelle, ticktock on the clock. we're getting now less than a week, 6 1/2 days until election day starts. and we got a race that is tightening in all respects. first of all, let's start with the national polling numbers. look at real clear politics, average down to 2.5%. it had been over 6. new york times average 4.1%. huffingto
CNBC
Feb 7, 2017 1:00pm EST
worries there on when's going to happen over there and causes people to reign in risk. china report a drop in reserves last night. well, this's not a pressing issue but it is an issue for the background and makes people more uneasy with things and then concerns over whether or not trump's policies of, you know, rolling back regulation, of cutting taxes will take effect. >> actually happen. >> and the delay. but i think, you know, that causes people to be more worried but what we have seen in the rally so far is two fold. not only just optimism over trump but pricing in what would have been the scenario under a clinton presidency and more regulation so some of this gain, it doesn't all have to come back seeing a delay in the -- in the delay in the legislation. >> tim, make me some money here. where should i put some cash right now for the next six months to a year? >> well, i think if you want to reach out the risk curve risk, the retail sector is overdone in terms of sentiment. you don't have to go for the bombed out apparel plays. looking at gap which is somewhat controversial and a great
CNBC
Jan 5, 2017 1:00pm EST
. >>> follow and smog blanket china. schools suspending activities, and china is not third year of the war on pollution aimed at reversing damage after years of uncheck economic growth. >>> and the national institute of allergy and infectious diseases releasing new guidelines on when parents introduce foods containing peanuts to the children with high allergy risks saying peanut butter given at four to six months of age if done with a doctor in the physician's office. >>> that is the news update this hour. now back to brian. hi, brian. >> hey, not a terrible place to be, sue. thank you very much. appreciate that. we are joined by the ceo of one of canada's largest oil producers. brian, thank you very much for joining us. listen, we're going to talk about the price of oil and pipelines and everything, but i want to ask you about our president-elect because 15% of u.s. oil comes from canada, right? a lot of imports into the united states, a couple million barrels per day. so far, the president-elect went after the auto industry. do you feel there's any risk to the president-elect going after
CNBC
Oct 1, 2015 1:00pm EDT
quarter. russia down almost 20%. india down 5%. china's shanghai index tanking 20%. so are we going to see a turnaround in the fourth quarter? seema mody, you have q4 playbook. >> as you point out a rough quarter for the emerging markets. china, brazil, rush sharks all down more than 15%. the emerging market etf had its worst quarter in four years. the question is will we see a turnaround and could it start now? well, according to mcquieacquea october has averaged about a 5% gain for the emerging markets total return etf. the best month on average in this five-year period. so if you're betting on history repeating itself, emerging markets could be a good bet. those china pmi numbers boosting sentiment. analysts pointing to valuation as a reason to start picking on ems currently trading at ten times earnings versus it's five year average of 11 times. interestingly enough, october is also the best month for asian currencies gaining nearly 1% against the u.s. dollar. but there are still plenty of risks analysts are voicing concern over. lower commodity prices, the negative impact of th
CNBC
Dec 12, 2016 1:00pm EST
of remarks to reporters and said she was more concerned with china than russia. take a listen. >> we got down to more serious business. and spent a fair amount of time talking about china as probably our most important adversary in a rising adversary. we talked about hacking, whether it is chinese hacking or purported russian hacking. >> now, we're still waiting to hear the president-elect's choice for secretary of state, but by all indications, the front-runner is rex tiller so t he has zero diplomatic experience, but he does have top level global business experience and donald trump told chris wallace on fox news sunday yesterday that's plenty. >> in his case, he's much more than a business executive. he's a world class player. he's in charge of, i guess, the largest company in the world. it has been a company that has been unbelievably managed. and to me a great advantage is he knows many of the players and knowed them well. he does massive deals for russia and for the company, not for himself. >> donald trump mentioned massive deals with russia. the issue of russia is not
CNBC
Jan 29, 2016 1:00pm EST
facebook post the other day, look around the world, right? china slowing down, can barely breathe. australia may get caught up in china. japan negative interest rates, europe, problems, migrant crisis, slowing economies, demographic cliff. you look all over the world, latin america, zika virus, commodity collapse, when you factor all that in, and you're more of a long-term guy, josh, you factor all that in, is this the time to wave the flag and put the old eagle? does america look like the best dirty shirt in a bag of laundry? >> who is your next president? is it the guy who is ready to push the red button on day one? or is it the guy who wants to raise taxes by $14 trillion, something that is so unheard of in the history of income tax, people can't even believe that they're reading an actual headline when they see it published or think there must be a misprint. is that the eagle we want to be petting here? i'm not sure. i think it he was weighs on sen probably not a good thing for multiples. >> can we say to people at home, don't pet eagles. >> by eagles we mean eagles. >> did ka
CNBC
May 3, 2016 1:00pm EDT
combine it with a stable china and you combine that with oil bottom and you put up the next full screen and have an accommodative fed and what you got is buy cyclicals, energies and industrials and that's exactly what everybody has been doing. today, things are just a little bit under strain with this whole thesis. first off, everybody has been buying the cyclicals like crazy so they are overbought. 21, 22 times forward. that's a problem. second problem, china's data has been choppy. overnight we saw the manufacturing data weak. it's been very hard to read and then you throw in the dollar reversings, and you've got a little reversal of trend. here's the big question. is this the start of something big? so far it's not. just remember, nokes, 2100, that's where we were at the end of april. right now we're only 40 points off of that or so, so we're about 2% from where we were on the recent high. so far-ins just a garden variety move to the downside. not very aggressive, but we want to keep a close eye on whether we get any breakouts to the downside on the cyclicals. guys, back for you. >>
CNBC
Apr 19, 2017 1:00pm EDT
where they make their big money. now that china has become the world's biggest market for suvs, chinese companies are taking on the american ones who really invented the vehicle. phil lebeau is live in shanghai with more on the suv story. phil? >> reporter: brian, those american suv brands, they're still very popular here in china but chinese consumers want a good value and that's why when you look at the chart taking a look at the growth in suvs here in china, one thing is clearly driving this and will be driving the growth in suvs through 2020. entry level or lower priced suvs. chinese automakers are winning over buyers with the lower priced models, sometimes as much as 10% to 15% lower than their established brand competitors and those entry level suvs, they're putting pressure on the profit margins for the established brands. >> the global automakers have been slow to the game. this has been developing over the last couple of years yet global automakers are still struggling to get to that part of the market which is the fastest growing part of the market. >> reporter: so when you lo
CNBC
Sep 2, 2016 1:00pm EDT
medicaid grossly overpaid for epipen drug. young brands seeing a $460 million stake in china unit in a unit of alibaba. very busy two hours ahead. including jobs report. some are calling a dud. >> it's great. loved it. >> the u.s. economy adding a weaker than expected, 151,000 new jobs last month. begin with comments from the federal reserve and sees the leaseman. >>. >> couple guys speaking next week. a week from tuesday, blackout period. very much on the hawkish side of things. rates should be significantly higher given look at variety of rules out there. he points out the recent job growth has been about double the population growth. that's enough when you're at full employment. inflation he says is the likely to lift. benchmark rates for the federal reserve. the data is consistent with inflammation moving back. he points out there, quote, disturbing and gape at this comment right here. disturbing similarities now between the 1960s and 70s when bad fed policy led to inflation. cnbc rapid update. the only average on the street of not one model, but all of the models out there, we are
CNBC
Jul 6, 2017 1:00pm EDT
, outside of china to sell genes terms of the deal is shockingly good for beigene it is acquiring china's portfolios to sell genes product. the company does sound like a company of beigene and selling genes. exactly what it is chemical financial, they don't make chemicals a >> and they are not financial. >> dad, is t avidson is the lar. loan balances are up 10% d continue to take market shares from others and analysts like the 16 times earnings. >> next stop, imax from mkm on the stock as the stock's hitting a four year low. the stock is over sold trending average of 10 times lower. >> mkm is going to go ahead and slash it by 18% for this year. it won't include the $20 million. a lot of imax and not a lot o f hits >> netflix why go to the movie theaters, we can stay home. >> your at home group. at first i thought was excited home remember them? >> no. >> like 1999, no no >> this is a texas based furniture retailer, could not be more opposite. this stock, you will want to get the ceo on operational performances have been impressive. analysts say yes, the stocks have been hot and not cheap.
CNBC
May 26, 2016 1:00pm EDT
factory workers in china with robots. so the reason we brought that story up seems incongruous. at the same time, we talk about ought ma automation and robots number industry is at risk as much as the restaurant business. where do you see it going five years? >> people look to automate everything they can, especially in the kitchen where you can build equipment to do certain things for you. if the government and the states continue to push this $15 wage and not give tip credit for the waiters, it's -- you're going to see a huge layoff in people. people are going to streamline their menus and not have the same prep items. >> we're told by -- listen. you own a business. but when we had the debate, people say that's not true. it will put more money in people's pockets. that will lift all boats. that's watt pro -- >> the ceo of mcdonald's today specifically said if minimum wage is raised 20 to $15, twhoe have to look to automated functions. >> you have to do it. when you calculate how many hours and how many employees they have, they could do and do the research and technology and spen
CNBC
Aug 8, 2016 1:00pm EDT
-- corporate tax rate, highest in the world, so that pushes these corporations offshore to china, or down south to mexico. donald trump lowers the corporate tax rate, that's an incentive to bring them home. more subtly -- >> i get that. >> steve, i didn't interrupt you. >> you're correct. i just want to make sure that i get that. >> you're living in a world where you're not seeing the big picture. this was a major speech. this was the reagan revolution in the 21st century, four points of the compass speech on energy, regulatory policies, taxes and trade. let's do something subtle, cnbc style. that tax, export rebates. when the nafta and bill clinton and hillary lobbied, they created a vat tax, which allowed them to rebate their export their cars into this country. we can't do that because of the unequal treatment because we used corporate taxes. now, why do you guys think we actually have an auto trade deficit with mexico of $52 billion? in other words, we ship $52 billion less cars to mexico than they ship to us. those are jobs that could be here in michigan if we were sensible about tax
CNBC
Mar 17, 2017 1:00pm EDT
, russia, india, china are now better positioned to handle a u.s. rate hike. and the equity team just yesterday upgrading emerging markets to overweight, following a bullish note from blackrock and jp morgan and this renewed confidence in china despite its concern over credit/debt challenges if you will. s&p upgraded russia's outlook to positive, citing the rebound in oil prices. michelle? >> good rundown there. thank you, seema. >>> we are standing by, waiting for the first joint news conference between president trump and german chancellor angela merkel. part of the entourage is streaming into the room right now. don't go anywhere. we'll be right back. e*trade's powerful trading tools, give you access to in-depth analysis, and a team of experienced traders ready to help if you need it. it's like having the power of a trading floor, wherever you are. it's your trade. e*trade ♪ oh! the things you say ♪ ♪ oh♪ ♪ ♪ ♪ you're unbelievab♪e ♪ you're unbelievab♪e best thing to start with the difference in the size in economy. the german economy is 3.8 trillion. >> we're bi
CNBC
May 9, 2016 1:00pm EDT
from the outside, he seems a bit like a bull in a china shop, especially the way he has seen to intervene during that meeting that our colleague brian attended. >> no, i think that's quite unfair. i think he came to office and he realized that there was a lot of issues that needed to be addressed. and he is taking them very cautiously. the program that's he's unfolding have been studied over many months now. and the trance fosformation is primarily in the improvement of the outlook, domestic outlook for the kingdom. he's very much focused on achieving a transformation and he's doing in a systemic manner. >> he will go to opec, but he is really there? does he have any real authority or do you believe he is only a proxy for the royal family? >> no. he is a very experienced executive. he's been in the business for many decades. he's highly respected by both prince mohammed as well as his colleagues. i think he'll bring a lot of judgment and perspective to the opec meeting. i think he's probably far more experienced than most of the ministers there. >> so can you give us any color i
CNBC
Sep 21, 2015 1:00pm EDT
on the issue of china, he says he doesn't see large first order impacts from china on the u.s. economy, and he says he's worried about market swings but ultimately they are, quote, not my central concern. and then on all the volatility, i thought this was an interesting quote, it's too early to know whether this episode amounts to a bona fide shock to the economy or just a nervous spasm in the market. lockhart, as you know, scott, is a centrist. he's somebody we follow very closely to kind of get a feel for which way the board is tilting. he still seemed very much on board with a rate hike this year but supported a pause in september, scott. >> so steve, you have got lacker with a dissent, lockhart saying go, bullard, who doesn't have a vote saying go. what's the likelihood of the overall fed being swayed by october. >> i think it's very much in place. you have to watch the data. you have to watch the comments that are made. the question is sort of the yellen/dudley more dovish wing of the fomc as to whether or not they're adamantly opposed here, but the other guys, i think it
CNBC
Jan 28, 2016 1:00pm EST
, oil, china, the people had a hard time wrapping their minds around. and so we think, for instance, that with cheap oil, and the end of china's investment boom, it hurts some sectors in the economy, that's clear. but there are also winners for that. and you only see that when the earnings numbers come out. >> julian, just because oil bottoms and there isn't going to be a recession doesn't mean it will be a straight shot up. that's essentially what you're predicting with your s&p forecast. your forecast is $22.75. that's about 20% upsid from where we are now. >> it is. >> that's a big gain. >> it isn't a straight shot up. if you take the premise that volatility increased and going back to august, within that context of well above 20 as opposed to 1415 which we experienced for the majority of last four years that isn't a straight shot and our view is when you look at how sentiment swings in higher volatility markets, the almost apocalyptic sentiment that the public has expressed on stocks, you know, equivalent to at the lows in march of 2009, and institutional investors moved in that
CNBC
Jul 24, 2017 1:00pm EDT
from china let's bring in barry we had you on last week i believe during made in america week this week we're going to talk maybe more pointedly about the threats that you see coming from a foreign steelmakers, china among them, but i want to begin with your quote which you told one of our producers here, i view south korea as a bigger threat even than north korea why? >> well, certainly i mean, we're under economic world war iii right now. you know, south korea is bombarding us with steel that is transshipped through china they're bombarding our electronics industry, automobile industry and really taking our jobs and it's got to stop. unbelieve whabl's going op what would you propose the administration and congress do >> steel from china iscircumven they use south korea as one. it's beyond ne why someone so afraid of north korea moves steel through south korea in a single-purpose industry, the pipe and tube industry, where they use not one pound of oil country tubular gods in their industry it's strictly there to move chinese and korean steel into the u.s. at a rate that is outsta
CNBC
Jun 20, 2017 1:00pm EDT
what it does do is particularly with tax reform, our external competitors, india, china, caterpillar, john deer, all the customers we deal with, that makes us more competitive. it allows us to invest additional capital equipment to drive our performance that drives drive growth. >> certain critics will sky for the private companies of the world, why do you care about the corporate tax rate on a publicly traded corporation it sounds like the answer is you and many, many other manufacturers are sort of joined at the hip to a caterpillar which does care? >> that's exactly right along with xm bank and a lot of other factors. at the end of date, our success is stitied to their success. >> do you think it will get done >> i do. i think it may be sloppy or in two pieces but i think it will get done >> tie it back to your business. you probably heard our debate o one side of it if we get a tax reform plan will ne n enah start hiring more >> not initially but we are a bit cash constrained based on in our case what's going on, industrial markets have been slow up until literally the middle of
CNBC
Aug 18, 2017 1:00pm EDT
line with china so there are potential changes going on here, depending on the degree and what he had to say. >> you erie right, michelle. one of the things that steve bannon was enthusiastic about was what mr. trump was excited about. their shared view had nr influence. this something donald trump's talked about for a very long time he's talked about immigration and matters relating to race for a long time. now i do think you note the forehandle on tax reform he talked about trying to counter those democratic facts he appears to have that lost that internal fight. the fact that he floated the campaign, several iterations of them all had the top rate coming down significantly for them for both taxpayers and business. >> when i think about trade, there's still peter navarro in there. so it's still -- when it comes to the trade agenda, very, very hard on china. >> i should say, michele, i also talked to a top. i asked what deference it makes and it wouldn't make a difference unless bannon was writing all of trump's tweets. i don't think that's the case. if it was none, i would think
CNBC
Sep 15, 2016 1:00pm EDT
like china or any place else. what's, i mean, toxford unit jut came out with a disastrous estimate, of what truch's economics would mean for the economy. over trillion dollar losses. >> steve, do numbers add sunup. >> no. they add up ke pending upon your flosty about the impact of regulatory reform. let me show you the map and robert can comment. the map first. he has a $4.4 trillion tax cut. 4.4 trillion in savings. he's saying no addition to the deficit. he says his tax cuts create $1.8 trillion of growth. he says his trade, energy and regulatory reform will add $1.8 trillion to growth. or to the budget. and then he's going to have $800 billion in spending cuts. all that adds to zero. i don't see any room in the plan for its $500 billion infrastructure plan and i don't see any room in the budget for any increase in defense spending. the story from a republican economist i talked to earlier today is that hillary clinton doesn't solve the problem, but donald trump when it comes to the problem of deficit, is thought to make it much worse. >> soo, she's neutral, he's negative. >> she
CNBC
Apr 13, 2017 1:00pm EDT
china currency, the manipulation, the fed and the dollar. and has this market gotten too far ahead of itself? a warning from one of the top hedge fund managers on the street. united airlines drama dragging on. lawyers representing then what who was videoed being hauled off the flight holding a news conference today saying a lawsuit is probably coming. is more airline regulation coming because of all of this? we speak with one senator who is pushing for it. "power lunch" starts right now. >>> and welcome to "power lunch," i'm michelle caruso-cabrera. stocks are in the red this hour, giving up modest gains they had earlier. the three major averages are posting losses for the shortened trading week. that's right, no trading tomorrow. that would mean a second straight weekly drop the third out of the last four weeks. the big sectors in focus, the financials. jpmorgan, citi, all beating estimates. mixed results for wells fargo. >> thank you. i'm tyler mathisen. here's what else is happening at this hour on a very busy news day. seems like there haven't been any yet lately. yext the latest
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