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CNBC
Oct 21, 2009 12:00pm EDT
coming up in a few minutes. >> also this hour, winning and power. jp morgan's go-to person on china. tells us the best way to play choo china's red-hot economy. >> get ready for the "fast money" halftime report. you're watching "power lunch." we're first on cnbc and cnbc is first in business world wooild. national car rental? that's my choice. because with national, i roll past the counter... and choose any car in the aisle. choosing your own car? now, that's a good call. go national. go like a pro. last month, this woman wasn't even able to get around inside of her own home. they chose mobility. and they chose the scooter store! if you or a loved one live with limited mobility call the scooter store! no other company will work harder to make you mobile or do more to guarantee your complete satisfaction. if we pre-qualify you for a new power chair or scooter and your claim isn't approved, the scooter store will give you your power chair or scooter free. that's our guarantee. they were so helpful and nice. they filed all the paperwork, and medicare and my insurance covered the cost.
CNBC
Aug 22, 2017 1:00pm EDT
to the plate. pakistan has another economic partner that may fill the void china has invested $46 billion in total in pakistan's economy infrastructure, like railroads, dams and roads china's deep pockets are not incentivizing pakistan to counter terrorism and a peaceful relationship where tensions are high it's making matters worse. remember, indian and pakistan had four wars. to drum up support experts say washington needs to focus not just on pakistan and india but ch china's role in that specific region >> they come up over and over again. >> yet they stay quiet >>> we have a news alert dow jones reporting that chevron ceo john watson is planning to step down from the company transition is expected to be announced next month the wall street journal out saying they could not reach the chevron ceo and company officials declined to kplents. i'm going to make some calls as well he's been at the helm a long time he'll be stepping down from chevron. no timetable was given >> stock market likes it see the stock is going positive with this news he's been well regarded. >> he has been
CNBC
Sep 1, 2016 1:00pm EDT
"power lunch." a couple of stocks on the move with china as the backdrop. first up, alibaba telling jack mau that unisyun that investors don't understand his business. >> when people focus too much on the gmv, then they forget about that we have a much bigger business on the finance. we have a much bigger business on cloud computing. we have a much bigger business on the entertainment side. so, i think in the past two years, we are learning how to communicate with the investors. we're so, so popular in china. we have such a big household name in china. but investors in the states, they don't know anything about us. >> not understanding the business is kind of an issue for investors. >> yeah. >> but that's maybe what amazon was way back when. >> i think people are still trying to figure out amazon, and i think he makes some great points. they have a big cloud business, as well. whose fault is that quality it's incumbent upon investors to understand a business. but to a certain point, it's incumbent upon him to explain the business better. so the fault doesn't lay just with u.s. investors.
CNBC
Nov 22, 2016 1:00pm EST
transpacific partnership. the obama administration is holding trade talks with china this week. here for a "power lunch" exclusive is penny pritzker. secretary pritzker, welcome. good to have you here. how worried are you that all the work you and the current administration accomplished over the last eight years, particularly on trade, will be undone? >> well, i think that, you know, regardless of administration there is a recognition that we need to trade with other countries. the united states is only 5% of the global marketplace, 95% of the market is outside the u.s. and one of the things that we have pursue ed our administrati is trade agreements. and the reason is that's how we can shape how we do trade with other countries in a way that is consistent with american values. and providing opportunity for american workers as well as protecting our environment as well as making sure our small and medium size businesses have more access to the rest of the world. so i remain bullish on our need to trade and look forward to seeing how that's pursued in the next administration. >> we have b
CNBC
Aug 10, 2017 1:00pm EDT
sell these trucks after they are put together initially in china and then in california and california really is the key here the name of the company is change the spelling of the company is chanje that is their work van it's all electric. the equivalent of 50 miles per gallon it's targeted at business and they're on the same routes day in, day out. they're backed by a billion dollars from a chinese firm, and that's not surprising that they're having that type of backing. the amount of money that is flowing into the chinese -- or into the ev market in the united states, whether it's a start-up or some other company, look at this, since 2013, it's exploded. it is estimated to top $2.7 billion this year. >> i do think in the broader finance market does see the opportunity for disruption and whenever you see like an incremental impact on operating costs, it's going to disrupt and electricification enables that >> disruption being the keyword. how many times do we hear that and we've heard it from a number of companies work force we talked about them about two months ago they're
CNBC
Jun 5, 2017 1:00pm EDT
, the mining company, but has seen a big pickup in mining commodity prices mainly driven by china. we've seen a few oil companies p paying back a little bit more. so wood side in australia. we're seeing companies like bank of america, citigroup, some really big increases year on year there that go unmentioned by the market. they're big parts of the index and make a big difference when they start increasing them. >> and your number one has held that spot a number of different times. you also, as you mentioned, have some oil companies, exxon mobil and shell. now you are in london, ben. so if we could just get you to turn your focus a bit on what's going on in the markets. we had yet another terror attack in london but the markets are somewhat shrugging it off. they don't seem to be afraid or worried about what that means for investors. why? what would it take to rattle that market? >> what you see he with terror attacks, they affect sectors and stocks. if you look closely within the uk market you'll see companies in transport, hotel, airways and the same we saw last year with paris.
CNBC
May 25, 2017 1:00pm EDT
haven for people in korea, china, and japan with a lot of financial and political uncertainty. in fact, japan recognized bitcoin as a legal payment method. still a lot of risk. there's no central body regulating the coin, and it's extremely volatile. it's not tangible. you can't hold it like paper money. bitcoin is effectively living in a virtual world. wallstreet still warming up to the currency. that's why we are seeing the news today. >> higher it goes, the more they warm up. >> gets more buying. >> right. >> thank you. >> yep. >>> kik launched a currency today as bitcoin surged to a new all-time high. what's behind the digital currency boom, and what do you need to know? joining us, ted livingston. great to have you with us. >> great to be here, thank you. >> how does the digital currency fit in the core business of kik, a messaging app? >> so, digital currency allows us to create new ways to monetize a community. i think, historically, you'd build a community and use it to then sell people's attention to advertisers or sell stuff they don't want or need. now this unlocks a ne
CNBC
Nov 17, 2017 1:00pm EST
chinese ipos as well in the last few months everybody likes china. many of the recent, they all traded below the initial prices. the market is back but they are not will to pay of the inflated price. the issue is maybe disappointed but when you cut the prices, they toeend to trade better in e after market and that's the people who owns this stuff after it goes public bob pisani thank you, here is what's coming up on "power lunch." elon musk is rolling out a sport car as well. a veteran says the emperor has no clothes this business model is doomed. >> the battle royal is brewing in nfl, hitting owners and owners, we'll ll yteou who's squaring off all that and much more on "power lunch. ♪ traders -- they're always looking for advantages. the smart ones look to fidelity to find them. we give you research and data-visualization tools to help identify potential opportunities. so, you can do it this way... or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just $4.95 per online u.s. equity trade. fidelity. open an account
CNBC
Oct 27, 2017 1:00pm EDT
% and china is 8%. is your money better over seas >> joining me now is jim seymour. >> if it is that simple, you want to be in japan first. you got a growth of 21%. at this time of the year, it gets marked down it is following through. so you have better epf growth. we know the fed is in place and if the dollar is moving higher, that can be good for europe and japan. >> just put together an equity of basket for me, where in the world would you be >> if you give me the same country, i will say brazil, i will let you wait. i think brazil can be an over wait here. turkey is a place also, a big pull back, the current account is over rated. japan is out performing and has the best earnings growth be careful at the end of 114 and 115. the dollar yen is helpful to the yen. i think japan is embarking on a secular change in cam p ex i think europe is very interesting. i think the dollar may over shoots in the next couple of weeks. >> what about spain, you look at that and you look at ibex today, the rest of europe seems to holdup would you cherry pick out there? >> i would if you buy the ewp,
CNBC
Sep 29, 2017 1:00pm EDT
china despite the recent crack down. south korea will step up inspections and has banned initial coin offers. japan issuing operating licenses imf director saying today, i think it may not be wiese to dismiss virtual currency this is a different stance from what we have heard from jamie diamond. >> for sure. what you are starting to see is people that are in power, people established within financial system wrestle with this technological change this is a disruptive technology. it will change everything about financial services all that bitcoin and blockchain is, it's a software program that removed the middle man from financial services people that are in charge of financial services saying this is not good for me the people that maybe are not so much in charge and looking at a broader picture saying, don't dismiss this i'm on the side of don't dismiss this this is a phenomenon not going away >> what happens to the chinese bitcoin trading that happened? i read a stat that now about 50% of all volume is traded in january pa >> yeah. >> the bitcoin/yen cross. >> that's happened si
CNBC
Jun 27, 2017 1:00pm EDT
like russia, from eastern europe, from china, from other places in the world. the normal ransomware case hits companies, and it doesn't make itself public. what we're seeing possibly today -- and i think it's too early, we need to wait and see -- is what's called a ransom worm we've only seen one other like this recently, and that is, it combines ransomware, the stuff that locks up your computer and makes a demand for payment with what's called a worm, something that self-prop gates, so it keeps replicating itself across the world. normal crooks don't do that with ransomware schemes why? because look at what's happening today. it gets global attention, and that means law enforcement, nation states are going to try to see who did it. it makes it less likely that people are going to pay them. >> sorry to jump in. what's it say about the state of cybersecurity, maybe lack of cybersecurity, that teams of what are probably just a couple of guys, hackers somewhere, can shut down the computer systems of hundred billion-dollar corporations or state power grids? >> that's a great point. we a
CNBC
Sep 8, 2015 1:00pm EDT
the heels of gains in china overnight at the end of the session. we saw a big rally there and strength in europe as there and nikkei, japan's thee kay, only outliar that it erased all of the gains for 2015. today industrials, technology materials and health care among the best performing sectors. industrial sectors getting a bump from a couple of acquisitions, dover corporation is expected to add six cents to its bottom line in 2016, its stock up 4.5% and ge finally getting approval from the european commission to buy alston, the french power company. investors like the news, up 3.5%, still pleau its 52-week high and also, today, we want to note that energy has been a group to watch. see a pullback in oil and the energy sector higher today and that's, of course, contributing to today's rally. >> i think the crude low is 4414 so we've come off the low to 45.22, a full update on what's happening with the crude and energy market overall. thanks a lot, mary thompson. ben willis come out of the shadows and step into the light, senior floor trader with princeton securities group. be
CNBC
Feb 4, 2016 1:00pm EST
volatile january, a lot of overnight news around the price of oil, or around what is happening in china. fears of global recession, so there is lots of volatility, and with that comes a lot of trading, they're very active right now, people are very engaged in their portfolios. >> walk us through how this impacts your business, fred. if people are being more cautious and pulling the horns in on one side because of the volatility, on the other side, they're increasing the amount of trading and then you also have low interest rates, really harming your business model, when the fed was believed to be rising -- to be raising interest rates, all the online brokers are going nuts. on fire. now we have the reverse situation happening. so walk us through how all the levers impact your business. >> well, no question, you know, i think us and our peers are very interested in the stock as are most financials. i think none more so than the online brokers. 45% of our revenue is tied to interest rates in one way, shape or form. we saw lift in the fed funds rate. i never saw it -- i don't think any of
CNBC
Jun 30, 2015 1:00pm EDT
1.2%. big rally in asia. china's stock market has been a roller coaster, right, but it did soar overnight by 5.5% after falling into bear market territory. the shanghai and shenzhen up very nicely in overnight trade. we're all caught up on what's been happening in the markets here and around the world. back over to you. >> a very turbulent day, mandy, in the currencies the euro versus the dollar. certainly yesterday and the euro under pressure right now. let's find out what the currency market is signaling about the drama unfolding even as we speak in greece. sarah eisen is at the new york stock exchange. >> does seem odd that the euro is going through an existential crisis that threatens the viability of the single currency and the market kind of a big shrug. it is down today, the euro but still up for the week and up sharply yesterday so the question is why the resilience? here are some possible scenarios going around the desk. trade remembers thinking a yes vote is looking more likely on sunday meaning greece will stay in the euro. also, there are no signs of immediate contag
CNBC
Feb 11, 2015 1:00pm EST
. we thought that in china and other places that greater price sensitive, we thought they would trade down to good android products. they're buying up to the iphone 6 and 6 plus. >> before we get to topic three, i want to follow-up on that. you are trying to build out maybe higherend series of salons. can you still drive margins even in this economy? what does it take to have a little premium luxury pricing power today? >> the concept are you talking about is mini-luxe, which we were grateful to raise $23 million star bucking this nail salon concept. it's a cheap luxury. it's not like an iphone that's going at $687 and has about a $ 00 gap with android. we're trying to trade people up for something that maybe $12 $13, to a $20 price point. people pay for the extra luxury as they have with a starbucks coffee going from a cup of joe at 50 cents to $3.35 for a tall skim latte. >> twitter's troubles. herb greenberg, we talked about it yesterday. anthony, looks like noto clicked on a bad link. what if somebody got data information on any publicly traded company and then you have people tra
CNBC
Oct 1, 2009 12:00pm EDT
ceo of red. >> how do you keep that charity hot? and also communist china, speaking of red, celebrating a 60th anniversary. is the economic experiment working? you bet it is. we'll have a round table discussion. !d!d!d!d!d!d!d!d!d!dd >>> welcome back to "power lunch." i'm david faber. breaking news now for you involving our parent company, ge. ge and comcast are in talks about a deal with ge would spin off its nbc universal unit into a new company. the deal under consideration would allow comcast to take 51% economic control of nbc universal through its contributions of content asset such as the e channel, the golf channel, and the group of regional sports networks and the contribution of as much as $7 billion in cash to the new company. the prospected deal is complex and is far from a certainty. under the scenario being contemplated ge would spin nbc universal aloveng withng with a significant amount of debt into a new company. comcast would merge content assets it values at as much as $6 billion along with cash so it would take a 51% ownership stake. ge would control 49%.
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
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
Mar 28, 2017 1:00pm EDT
so forth. that worked for china. it worked for us. we've been able to buy many thing. we wouldn't have had it all be up to us. so we benefit from that as well. and we could -- i'd be concerned if that basic model is overturned. >> one more question, stan, you've had concerns about emerging markets and the impact of higher fed rates in emerging markets. is that still a concern you have? >> i was as concerned about that than quite a lot of other people. so far we're not seeing any great difficulties. and the dollar has not strengthened. it's weakened. that helps them out in terms of their debts, the debts they have to pay. not in terms of their exports. so i think the emerging market countries and developing countries have a good chance than we were thinking some months ago. >> thanks for joining us today. >> thank you very much. >> brian, back to you from washington, d.c. >> it is d.c. just in a different way. >> this is the fed. it's different. >> steve leashman, thank you very much. guys, again, the fed has certainly been put on the back burner a bit, right? the trump agenda has
CNBC
Jul 13, 2009 12:00pm EDT
they are going to head in the future with places like india focusing on infrastructure and china. they are everywhere, all the time. >> we have to wait to get my personal view on that. we are sitting on the sidelines. >> good point. what do you say? >> i have to watch how oil closes. this is the low so far and the weakness will be too much for people to stand in front of. >> are you ag gnostic? >> no, but i am looking for the market to trade up into the close. >> zeke? >> it's a tough day. >> your complete earnings playbook tonight at 5:00 on fast, but first on "power lunch," morgan stanley has a new mvp and you won't believe how young he s. >> i wouldn't believe. >> we will bring you that and coming up on "power lunch," not only the triple-digit rally and the ceo of louis vuitton. president obama's economic agenda. is it stalling and how do we get it back on track? see you at the top of the hour. >>> stocks in three weeks. positive comments on cnbc by meredith whitney. ford is bankrupt to the auto supplier, vift yon. they are calling the plan too rich. moody's had troubled financial c
CNBC
Aug 11, 2015 1:00pm EDT
down 1.1%, and the russell down 1.05%. why? one main reason is china. china devaluing its currency. the dollar strengthening significantly. oil is down big time, look at that, dollar strength, it takes fewer dollars now to buy a gallon of a barrel of oil at $43. 2, down almost 4%. brent down almost 3%, gold up just a little bit as you see there about a half percent. mandy is out but sarah eisen who knows a lot about currencies and china is with us today. thank goodness you're here. >> i live for days like this, watching the dow and the impact of china spread across the globe. bob pisani, anything with any china or commodity exposure is getting pummeled. >> dow up 240 yesterday, down 240 now. it's a wasted week so far. put them up, materials energy and industrials to the downside. that's the big losers. some of the obvious names and their impact from china. we always talk about casinos, wynn 70% of revenues in china, and yum brands 50% of its revenue in china down 5%. those are the easy ones. let's talk about ones not so obvious, big industrial names 10% revenues or more for dow che
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
Apr 13, 2016 1:00pm EDT
getting the move. there is two primary ones. better china trade data, particularly on the exports. then bank earnings, jpmorgan, let's call it good enough. that's my phrase. people were expecting downbeat commentary. we didn't get that. that helped move the financials and the overall markets. high cash positions forcing a lot of people into the markets, short covering going on. look at the china trade data. the news on china has been relentlessly bearish for a year. everybody said, oh, my heavens, maybe the news isn't so bad. short covering rally and hang seng, up 3%. japan up, france up, everything up 3%. that's a nice move for all the global markets. it is spilling over into our markets as well as europe, china trade data, helping things like material stocks, all been strong, so you're steel stocks like midtall, bhp billiton, glen corp., all those stocks up here. banks in the u.s., jpmorgan strong and all of the other stocks in that group up about 4%. key point here, banks underperformed throughout the whole year, under 10%, underowned and unloved. this rally today is a nice rem
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
Sep 9, 2015 1:00pm EDT
having a bit of a halo effect today. tech in fact benefiting from a dual halo effect, the china stimulus and this anticipation over apple. apple shares inched lower earlier today on concerns that the fed will hike net we-- next week. watch the apple components, they're all off of this morning's highs. watch them, beyond apple, the big news today is the big surge in netflix. it's on pace to end a seven-session losing streak as it unveils plans to roll out service in south korea, singapore, taiwan and hong kong. that china stimulus seems to be trumping iing alibaba's warningt its lower sales. jd.com is one of the gainers today. yahoo! despite uncertainly about the tax implications about its alibaba stake. >>> it was another nice triple-digit rally for the dow. what happened, mary? >> the jobs report, the jolts report gave a jolt to the market. basically said the job openings in the u.s. the highest in 15 years. markets gave up earlier gains. coming into the markets -- or coming into the open the u.s. markets were responding to strength overseas in particular in asia where more tal
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
Oct 19, 2015 1:00pm EDT
. indeed, lots of questions about chinese -- the chinese economy, and speaking of china, its economy growing at the slowest pace since 2009 but the market seem to be taking it in stride. is the worst over for the china related etfs and do you own a drone? how new government rules could impact you. don't go away. awe believe active management can protect capital long term. active management can tap global insights. active management can take calculated risks. active management can seek to outperform. because active investment management isn't reactive. it's active. that's the power of active management. >>> hi, every. i'm sue herera. here is your cnbc news update for this hour. >>> intel and hershey's are among a growing list of u.s. companies pledging to combat climate change. 11 ceos met with president obama today at the white house to discuss cutting emissions and water usage. that's a lot of pot. french officials found over seven tons of marijuana in cars parked on a paris street. france's president said it was the largest seizure made in the country in more than two years. offici
CNBC
Jun 6, 2017 1:00pm EDT
them they're going to have to go overseas. move those jobs to india, china, and places like that. >> sure. >> we want our economy to grow -- >> i want to bring howard into the conversation, bill. just to sort of follow up on this whole notion at what point -- how long do we have until we figure out this problem? how long do we have? you know according to the notes i have here the trump rally has been real. we've seen a real rally, a real impact on ceo optimism. but there's a baton that needs to be passed. how long until we have to fix this hiring program before it starts threatening growth? >> i think we need to create conditions that are conducive to growth. businesses want tax reform. business is very excited about the trump administration. public pessimism about the russia investigation and various aspects of the presidency below the surface there's a lot happening. that's the agenda at its core and there's a lot more there than meets the eye. >> putting people into places where there will be a lighter touch has a major impact. we're not seeing the things that ceo optimism is
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
Oct 5, 2015 1:00pm EDT
ocean. the largest are the united states and japan. china is not included in it. it is the largest free trade agreement in history. it's going to eliminate tariffs and also what we call nor nonta barriers. it covers nearly all goods and services. $727 billion worth of u.s. goods exports. this is video from a big announcement in atlanta earlier today. $828 billion in imports for the united states. it covers 40% of the global economy. what is the direct impact to the united states? it's hard to measure because nobody was sure what the final agreement was going to look like, so over time they've come up with a couple nmenumbers. they think it could add $36 billion to gdp. it's going to hurt manufacturing but it will be offset to a huge boost when it comes to the services sector and there's going to be controversy about it for sure. there's different sectors, manufacturing always is complaining about free trade agreements because they think it hurts the sector here in the u.s. >> two questions come immediately to mind. number one, the most obvious nonsignatory here is china. >> yeah. >
CNBC
Apr 11, 2016 1:00pm EDT
driven, all what is up with china's gdp and what is janet yellen saying today? >> i feel like saying breaking into rescue from the macro stuff. but i think that if you look at what is the -- the stocks working over the last month, it has been almost -- the walking dead, the commodity stocks, the energy companies with atrocious fundamentals rallying the hardest. the barf index or bhp, anglo, rio and petrobas rallied, all the energy material stocks rallied hard in the face of bad fundamentals. sometimes it is the inflexion point or less worse seems to be how the market is reacting. i worry in some areas of the market, investors have fled to what they believe, because i don't know who told them, the safety, things like campbell's soup, ridiculous valuations for low growth. i think there might be some more to go in the value trade. but i think at the end of the day, after this all shakes out, you got to look for individual companies with strong growth -- >> i was going to ask what your strategy is. you like two chinese companies. which is very interesting that the point. when there is st
CNBC
Nov 4, 2015 1:00pm EST
a lot of uncertainty out there. europe, brazil, biotech, china, some of the bricks in the wall of worry as we like to describe it. what are the new bricks? dominic chu taking a look. >> tyler, again, it's interesting here because fed chair janet yellen gave us a whole bunch of new bricks. they're not new, we've known they were worries for a while but look at the ones that have been brought to the forefront yet again. first of all, you have what will be u.s. troops, albeit in a small amount, in syria, heightening the idea of geopolitical risk. the syria equation playing part of the market story as well. you heard janet yellen talking about the u.s. economy. she says it may be strong, others tend to disagree. still, the u.s. economy will be a huge focus and the relative strength. then the ipo market. a lot of larger ipos are now trading at or below their initial offering price. perhaps signs of weakness there. and then transportation stocks as well. people are moving stuff around but maybe not as much and not as robust as some would like. transports a leading indicator, and, of cour
CNBC
Sep 5, 2017 1:00pm EDT
countries or companies that do business with the north koreans and that puts america in t china in the crosshair there's talk of a possibility of more defiance and missile launches by the north koreans in the coming days, back to you guys. >> we're watching for all of those things thank you. back here in washington, president trump threatening to cut off any trade with any countries doing business with north korea. that would be an extraordinary move because number one on the list, china. long been the longest trading partner. as of today china said it will stop importing commodities and other things like seafood from north korea. china continues to supply oil to north korea and also allows north korean front companies to operate in china there's also russia. u.n. investigators found that a state owned truck company was operating a plant in north korea. the facility produced trucks later used by the north korean military there's also malaysia, it has allowed several north korea front companies to operate there, and then there's africa several countries there buy weapons from north kore
CNBC
Oct 20, 2009 12:00pm EDT
to do. i will say that in certain parts of the business, we're actually adding positions. in china, emerges markets, we're adding positions. it's a fact of life today. a very difficult decision that we have to do to do the right thing and to grow our business. >> i'm assuming you saw this or heard about it and i'm not going to impersonate the man, but recently, regis philbin was on. when's the stock going up, he griped. >> the stock's been going up quite a bit lately. of course ultimately, the way we increase the stock is by increasing shareholder value. one of the great thing this wyeth transaction has done is create a far more diversified company. we're in great position now. leading primary care company, assets around the world from everything from neonatal vitamins. >> pfizer, but especially investors right now, are pinning their home hopes on a drug for diseases. a vaccine for pneumonia, but recently, they've had three disappointments in a row. is this emblematic of some eers issues? >> you mentioned two exciting projects. inflammation, pain, rheumatoid arthritis, we have a ve
CNBC
Sep 26, 2016 1:00pm EDT
disruptive to some of the tv networks. in addition to that, we think of china as a drag on some of the earnings for the foreseeable future and think the company will have some very difficult studio comps next year and has a couple of questionable movie releases. >> you also question the health of the ad market and i'm wondering given the news about facebook, overstating how much time people are actually watching the ads, if you have further doubt on what companies like a disney can actually charge for ads. >> well, i think we started to see that migration, you know, last year. we saw some people betting more heavily on digital and we saw some results from some of the companies that their sales weren't as strong. i think there is money going back to traditional tv. it is leading to a relatively healthy scatter market, up-front market right now. we wonder if that's a one time rebalancing rather than some kind of secular improvement. for the record, we think both digital and broadcast advertising complement one another and it is really not a mutually exclusive spend. at the end of the day
CNBC
Aug 21, 2017 1:00pm EDT
may have been the most influential was on trade and with respect to china. on friday, the president took some steps to begin investigation on china's use of intellectual property. where does that stand? >> maybe not as much protectionism. that maybe the case, however, as you alluded to the administration took steps towards investigating chinese treatment of america of intellectual property. this could be, not necessarily going to be, this could be an opening greater trade war with china. the assumption with bannon out, we are not going to see anymore protectionism and economicism. >>> does >>> does it create more stability? the white hou in the white house >> it depends on how you look at it from report of bannon and causing some tension internally. >> tyler's point that the president is inconsistent. >> there is some instability in the white house, however, you can say that potentially banno as an outside influencer can be just as disruptive >> let me pair that thought with another thought. the idea that of this banding of strategic and policy councils and high level ceos and the m
CNBC
Aug 1, 2016 1:00pm EDT
china. she brought her parents here. she's among our top personal bankers like in a retail branch. and if you saw her, you'd be amazed at what this country still offers to people in terms of opportunity. and that all three of them pretty much started at a teller and now middle market manager, one of our best branch managers in the country. it's unbelievable stuff. >> and so the consumer part of the business growing fast in california. it's growing very fast across the board. we saw that in the recent q-2 earnings for j.p. morgan. and it's highlighted as well from some of the other banks. if we look at the gdp number last week, there was a clear lack of investment from businesses. what does that tell you about the fundamental strength of the u.s. economy right now? is it late cycle? >> i think -- i don't believe that. what we see is a strong consumer, asset prices are up, 13 million more people working, wages are going up, household spending is up. a lot of businesses capital expenditures is when they see books grow and need to build a new plan. it is a little disappointing, but th
CNBC
Oct 30, 2017 1:00pm EDT
different. last year, he said he was going to dig a hole to china. at&t is working with farmers to improve irrigation techniques. remote moisture sensors use a reliable network to tell them when and where to water. so that farmers like ray can compete in big ways. china. oh ... he got there. that's the power of and. >>> taking 20 points off the index today. on pace for its sixth straight down day we have more on merck's big move down >> that's right. today's move lower comes after a pretty bad day for merck on friday all this has to do with two announcements the company made about its key oncology drug. the company said a key clinical trial in lung cancer, the results would be delayed out until 2019 so they could a measure as overall survivasurvil that's a delay for that. three downgrades of the stock today. analysts bringing down their growth estimates saying this opens up the market in lung cancer which is a huge market, potentially $15 billion per year weighing those in tandem all this leading to disappoin m disappointmen disappointments. >> thank you very much >> for more on where merc
CNBC
Mar 1, 2010 12:00pm EST
place. china, obviously, the leader, but there's also some worry about whether or not china's going to be effective in curbing the overheating there. >> well, my view is firmly that investors should remain overweight asian equities with a focus on china and indian stocks. in my view, the overheating concerns imply that we see this year, incremental tightening in china represents massive buying opportunity to buy more china stocks. the key point to understand is that the inflationachlry pressu are healthy. they reflect the fact that asia has growth, income growth whereas in the western world we have a deflationary situation. >> are you worried about the trade tensions occurring between the united states and china? could that derail growth on either parties? >> no. i think we will get growing trade tensions as the year progresses, particularly of u.s. employment doesn't pick up significantly. i'm expecting china to start an incremental appreciate yaegs of their exchange rate in the second half of the year but only at an annualized appreciation of 5% to 7%, nothing dramatic. >> your bulli
CNBC
Oct 21, 2015 1:00pm EDT
china volatility. we had a very good couple days for industrials. you're wondering why we're up here. industrials had a good couple days despite the fact that we have very obvious revenue problems. we saw this yesterday with united technologiies disappointing on the revenue side. all of them are down 10% to even more than 20% on the year in the case of caterpillar, but i get back to this point, mandy, there is no other place to put any money. t.i.n.a., and the important thing is a lot of people realize that, tyler, we're getting into the seasonally strong period of the year. we'll talk about that in the next half hour and where that might take us. >>> shares of valeant pharmaceuticals tanking after a research report by a short seller and some inflammatory words in that report. meg terrell has been digging into it all and has more for us now. hi, meg. >> hi. valeant down about 30%. it's again in the crosshairs today. this time after a report from short seller citron research raised questions over its relationship with a specialty pharmacy. valeant says it uses specialty pharmacie
CNBC
Nov 14, 2016 1:00pm EST
better. global growth, including china, has improved. so there was acceleration which started to create new trends in the market, but that's really been exacerbated by trump election. >> what is the -- have you changed your allocation at all given the new -- the incoming president and the fact that congress is dominated by the republican party now? or is it same old, same old. sounds like you think we're resuming the trajectory that the market has been, even though there has been some major leadership changes in the market when it comes to financials and the underperformance of technologies since the election. >> i think there has been a couple of big ones that are different. we had leadership and financials really. yields were going up before the election. that's just been exacerbated. tech has changed. emerging markets international. the biggest thing to me is the dollar right now. there is a universal opinion that the dollar is going higher. that's why international markets and emerging markets are getting slammed and materials and energy aren't doing as well as you might expe
CNBC
Jul 15, 2009 12:00pm EDT
, but not just techs, sue, because we have a weak dollar here, and strengthen china with the shanghai index at a 52-week high so the commodity stocks are moving, as well. we have 4, 5, 6% increases in caterpillar, in freeport, u.s. steel and alcoa. bottom line is, 8-1 advancing to declining stocks.. first it's over at the nasdaq.. you know, bertha, we are also having good moves up in the nasdaq, as well. we're approaching the june highs. >> yeah, and that is all thanks to intel, which at this point is at at a 9 1/2 month high, moving the big cap sector and moving the pc universe. we'll see if google can -- one trader was worried about google's earnings thursday. the intel's chips moving forward, best performers of the day. the worst performers so far are the haulers, the truckers. j.b. hunt says pricing is still a big problem did he say the pit the fact that fuel has come down. roth has been hitting it out of the park and rilely automotive, people continue to fix their cars and hold on longer. >> thank you very much. the buying was kind of muted after that eia data came through, but w
CNBC
Jan 6, 2010 12:00pm EST
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. >>> morgan joseph today unveils its six best investment ideas for the new year and if the track record is any indication, you will want to take careful notes. morgan joseph's picks from last september, we told you about it first here on "power lurch" have appreciated 30% since that time. bali technologies, flir systems. garm in, imax, rcn and tutor perini and now new picks. david, good to have you with us. >> thank you for having mow. why don't i take the first two. one of which is a repeater, great lakes dredge and dock corp. why these two? >> we really like bali because we think the casino industry is underinvested over the past few years and we think they'll have to make up for that in 2010 and 2011 and we think bal si picking up market s
CNBC
Nov 24, 2015 1:00pm EST
central, eastern europe, and then you have the interesting kay of china in its own sphere and easing as well. >> bruce, you said to me in a telephone call we had that you had concern about this development, that the fed would be on its own. i suppose it's through the current currentry. >> i think there's two sources of concern her. one is the countries in the world are already seeing tightening. and with the fed tightening, with conditions not allows central banks, the intensity could be worse. then i think you have the second issue of the spillover, and part of that is directly from the dollar, part would if emerging mark -- our hope is western europe, china with stimulus coming through provides an offset, and the net effects continue to be negative for the u.s., but don't intense fit. >>> how do you put that into contest? i think it's part. >> i think generally they don't have to have sustained impact, but we do have to watch out for sentiment effects. the very good news is we've started to see november surveys come in. >> we saw confidence coming in below, that's sort of normal, righ
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
Oct 28, 2016 1:00pm EDT
china is one, australia is another, europe we have been doing fairly well at. so our approach is if we continue to offer an outstanding product, people will come. and our guest satisfaction rates are at record levels in our 45 year history. and just as important, our employee engagement rates are at a record high. and if our employees are happy, they make our guests happy, and that gets to our bod line. >> happy guests are important. is the election making people unhappy or happy? are you seeing any impact on your business from the u.s. election? >> no, i don't know any impact that we had so far, but i think everybody deserves a holiday. and what better way than to get on a ship and go for a sail. >> i think a lot of people will feel that way november th. >> i can't wait to do that. >> anything leaving november 9th from new york? one way, far. richard, have we hit peak size for ships for cruise ships or are they going to get even bigger than they are? you have the biggest one on earth, but -- >> we do, we have the biggest, the baddest and i have to say the sexiest, yes, we do. >> big b
CNBC
Jul 27, 2017 1:00pm EDT
over the last 30 years relocated to china -- it was cheaper for so many reasons. why would it come back now what's happening is chinese lake too expensive? what >> well, you know, that is part of the dynamics here is that the chinese economy as it's grown it's kind of come to the same cycle that we were at in the '70s and '80s where the cost of production and the cost of labor is less competitive. now the united states can compete. they're not manipulating their currency like they once were the skill levels i think are comparable and you mentioned the loss of jobs wisconsin got hit hard by jobs moving to asia i love the wonderful irony of now an asian company bringing a lot of those back to wisconsin. >> do you have enough workers? >> it's going to be a challenge but yes. foxconn was savvy about picking the best of both worlds. foxconn has a very strong business climate thanks to our governor, we worked with a very pro business legislature and governor walker but they're looking to locate this next to the third-largest population center, the chicagoland area, in the united states s
CNBC
Jul 20, 2016 1:00pm EDT
they have lost share to intel, in china obviously media tech had up 30% units quarter for june where qualcomm actually guided units down about 2% sequentially. in the back half you get these challenges where they might be losing share in china where oems are trying to move away from using qualcomm chips. so i think that's a challenge that qualcomm faces. but on a valuation basis in terms of getting some of the licenses back in the fold they've done a good job. >> all right. going to be a busy night for you, vijay, thank you. see you soon. >> thanks a lot, brian. >>> those are not the only companies reporting earnings tonight, american express also out. investors hoping for some good news. and they need it. the stock is down 19% over the past year. bob napalese with william blair has outperform and orrin buck with credit suisse. start with you, you've been negative, right on that call so far. what would you need to hear tonight from american express to change your rating to be more positive on the stock? >> well, i think the company really needs to address the fact that it's rewards a
CNBC
Aug 7, 2017 1:00pm EDT
professions in russia and china and other countries with different social sturucturs and different culture dynamics at play, the critique of some sort of inherit -- >> you know what they say? silicon valley is way more successful in their tech situation and operations than any of those countries >> well, i don't think that's accurate of information security f you look at the russian security sector, those are the best of greed professionals. >> they are at least on par. >> what do you think >> i agree with a lot of what andrea said. you know we need to look at this memo carefully because it tells you the problem of silicon valley the problem is ignorance if you go -- this get to the heart of the problem of this ignorance and sexism, that lies beneath. >> do you disagree that a lot of times the message is the reason that you don't see advancement of all the groups that you mentioned is exclusively institutional racism and biasse and theories that we don't see ourselves. because of that, we end up excluding a lot of issues and discussion points that's brought up >> i would actually flip the
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