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CNBC
Apr 10, 2015 12:00pm EDT
estimize. former met tronnics ceo bill george blasting the billionaire and activist investors saying they're putting american companies at risk. he's going to join us live to explain. biting apple, another downgrade as the watch goes on sale today. is now the time to worry about america's most loved stock. we begin with the markets moment of truth, earnings kicking into high gear next week. with some of the biggest names on the street reporting, just as estimates continue to come down. raising the question of whether stocks can really rise if the numbers are as bad as some people think. jim lebenthal, you want to answer that question. you have another earnings cut today. jpmorgan cutting 2015 s&p 500 earnings to $123 from $127 and it is due to the dollar. >> yeah. and i think the big question, scott, is whether the earnings estimate reductions that have been going on for several weeks now have been deep enough. what's the answer? i think in some companies they've been too deep and other companies they haven't been deep enough. so this is going to be a stock picker's earnings season.
CNBC
Jun 9, 2016 12:00pm EDT
the trades, and george soros, and the purchasing, and what are you seeing? >> well, as far as june when we were watching the unusual activity, it seemed that people were looking for the places to be, and that they find to be defensive, scott, and it seems that everybody's at least sounding an alarm about, hey, look, we will get a pullback or the easeback or something, 2%, 4%, 5%, and everybody has their own percentage, but the folks piling into the gold, when you are looking at the list some of the smartest guys on wall street. >> so put it this way, are they on to something, and gold is up almost 20% year-to-date, and the pete says that the miners, and the gdx, nearly doubled 90%, and the junior miners up more than double, and so are these guys on to something? >> well, adding on the what pete said, they are very smart guys. not only are they smart guys, but not just smart guys pontificating on what they believe that the market is going to be doing, but they are putting billions of dollars to work in the marketplace, and the reason that you need to pay attention, because the answe
CNBC
Jan 26, 2016 12:00pm EST
a shopping spree at sun dance. both were down today and why is china picking a fight with george soros? we're making sense of the message the chinese are sending to the billionaire investor. you're watching cnbc first in business worldwide. ♪ every auto insurance policy has a number. but not every insurance company understands the life behind it. ♪ those who have served our nation have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. >> the dow having the best day since december 4th. a gain of 1.25%. the s&p is higher by 1.5%. nasdaq having a good day. wti is at 31.77. there you go. it up 5%. you can see it on the bottom right hand corner of your screen. what about the comments guys? 2300. it's a little aggressive. this notion that the market is trading more on technicals than fundamental issues is not well found. >> well it has been trading for sometime. >> trading on the fear of fundamentals is it not? >> well -- >> it's being pushed around by technicals here a
CNBC
Sep 16, 2016 12:00pm EDT
heisman winner eddie george about mastering life after football and why he chose to get into finance. plus, an under the radar energy stock option traders are betting big on today, but, first, my man tyler matheson with a look at power. >> coming up at the top of the hour on "power" financials under fire. wells fargo shares taking a hit yet again. will other banks get caught up in if the mess? apple cooking again. iphone 7 fever full effect today. has the tech giant got its mojo back? and talking about football, scott. new york jet wide receiver brandon marshall is in the house. football business and beyond. more "halftime" after this. guys, what's happening here? hey nicole, this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. now that
CNBC
Aug 27, 2015 12:00pm EDT
? we're going to hear from kansas city fed president esther george on when she thinks the fed should pull the trigger. >>> the view from inside, we'll break down what companies and sectors are seeing the most insider buying. >>> and here's a look at today's most active stocks, bank of america the top, freeport mcmorn, petrobras. there's a difference when you trade with fidelity. one you won't find anywhere else. one-second trade execution. guaranteed. did you see it? in one second, he made a trade, we looked for the best price, and the trade went through. do the other guys guarantee that? didn't think so. open an account and find more of the expertise you need to be a better investor. ♪ ♪ if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end august 31st. share your summer moments in your mercedes-benz with us. >>> breaking news on apple. >> apple sending out the formal invitations to its big fall event. michelle, it will be held september 9
CNBC
Nov 8, 2013 12:00pm EST
the e.m.s. george, welcome. >> nice to see you, scott. >> where do you think the big opportunity still exists over there? >> well, it's worth remembering, you're right that the e.m.s have bounced a bit over the past couple of months, some people might say it was a stealth-out performance after a long period of underperformance. but valuations are still reasonably cheap by historically standards, and importantly, actually, if you look at fundamental valuation, the asset class is looking relatively cheap to the u.s. in particular, which obviously has been the big outperformer. >> if you had to put some money to work there and people have a tough time identifying what may still hold value, where do you see it? >> there's good pockets of value within the asset class. quite frankly, some of the cyclical sectors are still cheap. things like consumer discretionary and i.t., and at country level, look at places like china, even russia, which i know is controversial, but nonetheless quite cheap. and as a result, you can find value pockets in the asset class. >> the controversy just got ad
CNBC
Jun 21, 2017 12:00pm EDT
. in a statement from george clooney's camp issued via a spokesperson, they said, if you asked us four years ago if we had a $1 billion company, i don't think we would have said yet. this reflects diageo's belief in our company and our belief in diageo but we're not going anywhere, we'll still be very much casamigos, starting with a shot or two tonight >> you know, doc and i drink casamigos all the time the repesado, that's the good stuff. >> it's like 50 bucks a bottle >> it's the real stuff you're paying for quality. >> it's not fair, though, right? come on. >> look -- >> randyg gerber. >> he just had twins he needs some cash >> they were brilliant and you see more and more of this, judge, where people in media, whether it's stars like jay-z or people in movies and so forth like george clooney, are using that fame to put it behind something new. vitamin water or whether it's dish mean, all of that works, right? >> look at you with the big private jets you're going to be the next billion dollar sale. don't forget us. >> i won't >> all right, next up, the amazon effect and the tale of
CNBC
Mar 16, 2012 12:00pm EDT
market to set off since the start of the year. george, you have been on the right side of this one. how high will rates go? >> thanks for the acknowledgment. we have been having an out of consensus call for some time thinking the market was mispriced. this week finally things came to fruition. we are still in the early innings. there are a lot of damage done to the bond market. there is more to come and investors are under water on a lot of trades. >> when will you know or what's the signal you will see that will tell you whether the rate increase keeps going or runs out of gas? >> we have to see how u.s. money managers wake up next week after retail investors have been pouring money into bond funds, get an early read on what's happening with with their bond performance. they will start to question why they are loading up on bonds. then what those money managers do in terms of shedding more treasuries. >> it's all about the velocity of the mood. in years past, you go back to 1959 you had a sharp reversal in the ten-year. what's your expectation over the next 30, 90 days, two weeks,
CNBC
Feb 28, 2012 12:00pm EST
smart money doing now given the recent strength. we bring in george davis from rbc capital markets. george, welcome. we have george? >> good afternoon. >> all right, good. what do you think -- where does the ltro this week, where does all of this now factor in to where the euro is going to go over the next several days? >> well, in terms of the shorter-term risks for the euro, i do think they are tilted to the top side. based on shorter-term tenders that we saw today, there was a much bigger uptake in the one-day tender there's the seven-day. i think that basically shifts the risk for the ltro to be larger than expected. and i think given the risk on back drop that we're seeing right now that's going to be considered in a positive light for the euro. so i do think over the next couple of days we could potentially see an extension up towards the 1.35.30 to the 1.5550 area. >> your trade today is selling the area but against the aussie dollar not the u.s. dollar. >> that's right. it's a little bit of a -- that's correct. it's a little bit of a relative strength play on the risk on th
CNBC
Feb 13, 2014 12:00pm EST
not snowing there. in fact, it's 70 degrees there today. george perez of the related group is up next. and 50 degrees colder than that city is our phil lebeau in chicago. phil? >> scott, when you lock at the cancelations mounting around the country a lot of people are saying is this the worst that it's been this winter? we have a definitive answer to that. and other question, why aren't airline stocks hurting more? ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim from td ameritrade. phil lebeau has the latest on the thousands of cancelations. phil? >> scott, the cancelations keep mt.ing. the runways of both washington reagan as well as washington dulles, the runways are not expecting incoming or allowing flights to leave. for the time being you see more cancellations in washington. look at number for today. topped 6100 in terms of total number of
CNBC
May 16, 2014 12:00pm EDT
their stakes in general motors. george soros and warren buffett have trimmed their stakes in the automaker. meanwhile, leon cooperman, david einhorn have completely divested of that particular name. this is all at the end of last quarter. now, meanwhile, appaloosa's david tepper is actually adding to that gm position. then, there's a name that's really getting at least a lot of whales are getting into this one. we'll put it that way. that's telecom giant verizon. if you look at warren buffett, take a look there. berkshire hathaway has taken a new 11 million share position. john paulson, also an 8.7 million share position in this stock, and then dan loeb at thirdpoint, put on a 3.5 million share position, all in verizon. on the other side, yes, david tepper's there, as well. he got rid of about 400,000 shares of verizon. so obviously, trades happen, everybody's got a different view. but for right now, scott, it looks like verizon and gm have a good amount of traffic going at least one way, for verizon a buy, and for gm it looks like a sell. back over to you. >> okay, dom, thank yo
CNBC
Oct 24, 2017 12:00pm EDT
here on the north lawn, scott. i just saw ari fleisher who was george w. bush's press secretary in the early 2000s, he went in to have a meeting with sarah sanders, the press secretary, saying it was the first meeting with sarah sanders, never met her before and hadn't been back to the white house in quite some time so perhaps the establishment of the republican party sort of connecting with the trump wing of the republican party which occupies the white house right now. >> very busy keep us up to date eamon javers on the north lawn of the white house once again for us mr. cooperman, let me just come back to you. >> call me lee. >> call me lee, thank you. >> there's a lot to get to obviously on this. i'm just wondering what -- look, you've been in the white house, you've been in the oval. you've dined with the president. >> twice, twice, twice i've been in the oval office with president obama and president trump. >> i'm wondering what you make of what we just heard and the back and forth between senator, core and the president let me ask you that first and then i'll follow it with some
CNBC
Jun 23, 2017 12:00pm EDT
happening at this hour former president george w. bush addressing a summit in washington, focusing on veteran transition, hosted by the george w. bush institute. this to improve the lives for veterans and their families. >> you know, i tell people all the time that we're a fortunate nation to have had millions volunteer in the face of danger. and i view it as a tremendous national asset these are folks that got a ph.d in life without having had to go to college they've seen a lot >>> jurors in the retrial of ray tensing, the white cincinnati police officer charged with fatally shooting an unarmed black motorist say they're deadlocked after deliberating for more than 27 hours, but the judge told them to keep going. >>> sears holding is set to close another 20 stores, according to an fcc filing the company will close down 18 more sears stores and two more kmart stores the number of closings for the year now adds up to more than 260. that's your cnbc news update at this hour. scott, back over to you. >> courtney reagan, thank you so much next, our man of steel, pete najarian is tracking
CNBC
Oct 19, 2015 12:00pm EDT
game plan a super sized week of earnings straight ahead. george johnson can not fly. he can not see through doors. his speed, anything but superhuman. but when it comes to health care options, george found helpful information and resources at aarphealth.com this makes him feel unstoppable. well, almost unstoppable. discover real possibilities at aarphealth.com today and tomorrow take on the world. it's more than a nit's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business. centurylink. your link to what's next. >>> time for second half trades. there you go with a look at some of the big names reporting. ibm after the bell today. and then a whole reason through of major names. no one on the desk likes ibm, right? >> right. >> nobody? >> no. >> crickets? >>
CNBC
Feb 14, 2013 12:00pm EST
, they're not well-known here but the names george palo lemon, marcel talas and cincopera should be names everyone knows. they've been active in railroads, banking but their main signature deal has been being anheuser-busch imbev, 20 years ago started out as a third tier brazilian brewer. they're the world's best managers and the world's best cost cutters and there was a lot of fat to cut at anheuser-busch imbev and i suspect there will be at heinz so they and buffett, they're paying 20 times earnings, today's earnings, i think five years from now it will look like a much, much better deal than initially it appears today. >> you're not at all concerned they're overpaying? sounds like you're skeptical of the price. >> what i'm telling you is from what i'm hearing is for people who don't know who buffett is teaming up with, it looks like a high price and if you know these guys who buffett is partnering with and understand what they've done with similar businesses in the past, i think people were criticizing buffett or overpaying for burlington northern and he's had the last laugh a few year
CNBC
Jun 25, 2012 12:00pm EDT
also throw out there, you do have people like george soros, who knows what he has on, saying europe basically has three days to figure this crap out ahead of the summit. >> i really think what josh is speaking to is the old way of investing, which was to be passive. you can be more active in these marketplaces right now. there are things working. when you look at earnings, upcoming earnings season two weeks away, earnings continue to be resilient in this environment. technically approaching a moving average 1296. you want something to lean against. there's something you can lean against. i think a lot of large cap balance sheets they continue to work in this environment. take a look at ibm, mcdonald's, not down nearly as much as the overall take today. there are things if you're willing to be active that are working in this market. >> call your attention as well to the bottom of the screen where it says morgan stanley the low of the day, weakest group as i said at the top of the show. in the s&p one of our traders making moves in the stock, managing director at tjm. jimmy are you on
CNBC
Jun 19, 2013 12:00pm EDT
. josh lipton, what do you have? >> the news is morning, men's warehouse ousting george zimmer, the man who founded that company some 40 years ago. george zimmer now out with a statement in a first to cnbc. just got it. let me read it to you. zimmer saying over the last 40 years i have built men's warehouse into the multibillion dollar company with amazing employees and loyal customers who value the products and service they receive at men's warehouse. over the past several months i have experience -- expressed my concerns to the board about the direction the company is currently heading. instead of fostering the kind of dialogue in the board room that has contributed to our success, the board has decided to silence my concerns through termination as an executive officer. that a statement from george zimmer. >> thank you so much. one more comment before we get to gundlach, that being steve weiss. what do you expect? what do you want to hear? >> i expect there to be a lot of volatility between the release and the press conference. it's going to be dovish i'm almost sure of that, however,
CNBC
Oct 31, 2012 12:00pm EDT
surprised, but i guess it was about time. george has done a fabulous job with that franchise. iger wants to push it out and make it bigger as far as expanding it with games, rides, all the rest. not that george lucas missed that opportunity, but i think disney is greetly positioned to monetize even better what that franchise is. >> and the pvh/warnamount co deal, getting -- >> be careful. >> getting -- and it.> you have to remember, i went to dinner a few weeks ago, and having dinner with calvin klein. >> i do recall that. i do recall that. i want on the two deals, i prefer the disney deal because of disney's history of really taking deals that might at first looks expensive, but tern them into franchise-transforming deals. >> doc? >> i agree. i think the point is that disney can also turn that into rides, turn it into movies, beyond that. they've obviously talked about the 2015 and episode 7, but there will be a whole bunch of new harrison ford characters that will emerge. you see what it did when they plugged in ewan mcgregor and samuel
CNBC
Sep 23, 2014 12:00pm EDT
arly burke, the george h.w. bush, from platforms a long way away. so they are not at risk. in any case we can shut down and actually counterattack surface to air missiles from our airplanes. so our air forces, allied air forces are not necessarily at risk. so i don't think you are going to see a lot of instability here. we are liable to see some problems. as the carrying out of threats by isis in isolated areas in the west and that is one of the reasons we've launched these attacks. but i think the military risks are de minimis. >> good to talk to you again. conditional jack jacobs. maybe that is why the markets guys have largely been able to turn a blind eye to largely what's taking place there until someone with the military acumen or someone of that stature says there are bigger risks to worry about. >> i think the speeches a the u.n. general assembly this week are what people are waiting to hear before making market decisions about whether they are worried or they feel confident about this. i would say that there is a little bit more of an anticipation in the air than resolution. >
CNBC
May 1, 2013 12:00pm EDT
to be in the stocks? >> george soros got in. >> in a way. >> what do you mean in a way? >> in that longer-term type fashion. but when you look at the equity, i don't see what the upside is right now. when you're unhappy, you tell ten people. when you're really unhappy, you tell one. that's the issue that they face and retrieving customers is not an easy prospect. when you go out there and lose them, getting them back is much more difficult. >> they are going to find out how difficult it might be. there's no doubt about that. let's go over to the nymex now. sharon epperson is there. >> the silver lining is that gasoline futures are down. a lot of this happened, of course, overnight we saw the china information come out and what it looks like in china, that is something that is definitely putting a lot of commodities under pressure. in terms of oil prices, add that to the fact of oil supplies here in the country, it's unexpected, particularly the gains of supplies in the last week nearly five times what analysts expected, it's pressuring oil prices and putting that wti price below th
CNBC
Mar 13, 2017 12:00pm EDT
agencies under george w. bush, so the drug industry giving him a big thumb's up. 87% saying they approve of scott gottlieb's nomination. he needs to get through the senate. 13% don't approve of him. why don't they like him? they know he's a center of the road person. he's also talked a lot about the etchpy pen, trying to make sure we have competition and incre e increasing trance parnltdcy and very industry-friendly. he talked about what created the whole epi pen controversy. if we have the clip -- i'm not sure that we do -- take a look at how he talks about it. >> it's not just with the epi pen but it's with other agents. any time it's hard for the agency to demonstrate sameness, the agency has a thard r hard time. we were talking about this issue ten years ago. >> talking about this. it's been something gottlieb has been focusing on. we could see a lot of potential changes coming there. >> so should we expect a move for faster drug aimprovements and then stocks your company would look at. is that one of the things they would expect? >> it's certainly something they align on. a lots of
CNBC
Apr 1, 2016 12:00pm EDT
the phone, george, welcome. >> hi, everyone. >> you heard the conversation no doubt. do you want to respond? >> yeah. i mean, i think that the point we would make is comparing the multiples to ford and gm in our view isn't a valid comparison. part of the reason these companies trade at the discount they do is that all the investment community is aware of the ever increasing cost curb from emissions regulations globally. both the costs that they're going to struggle to pass on to the customer in which they can't get away from. so tesla there's an argument to be made that it can only go in the on sit direction whether that's from economies at scale or improvements in technology. >> how do you get beyond the valuation? how do you convince them to look up elsewhere. >> it's the people we know that are positive on this stock are really looking at it over the longer term. that's how we determine our $310 target price and what we're really looking at is a company that if it delivers half a million units in 2020 it's then faced with a choice and continued to address in growth or does it loo
CNBC
Apr 19, 2017 12:00pm EDT
have a hospital update for you on former president george h. bush. hospital officials say he remains under observation following his recovery from a mild case of pneumonia. he had a good night's rest and his spirits are high. he won't be discharmged today, but he looks forward to going home. >>> by a 522-13 vote, prime minister may received approval to hold an early election on june 89th. she said it will strengthen britain's brexit position. >> what we are now going to be able to do, i believe, with this election, is actually strengthen opposition in terms of negotiations with the europe oon union. >>> jason chaffetz says he will not run for re-election or any other office in 2018. this after a consulting with his family. he had been rumored as a possible candidate for senate or perhaps governor. he is in his fifth term in the house. you are up to date. melissa, back to you. >> thank you very much, sue herera. we sent dr. j to the telestrator to show us unusual options activity. >> first one, kohl's. kss. as you can see, back in january, the stock was over 50 bucks a share. now, it'
CNBC
Jan 31, 2012 12:00pm EST
euro zone. from george davis, chief technical analyst. george, give us your best guess on where to expect the euro to head from here given the developments we expect to come out of the euro zone in the next day or few. >> well, i think over the next couple of days we could see a little bit of a push higher, perhaps up towards the 133, 133.5 level on optimism about an agreement with the regard to the greek psi deal but at that point i think the bias is still going to be overall to fade rallies in the euro because i think as these various agreements and bailouts work their way through the euro zone economy that austerity will cause a severe slowdown and a drag on the euro. so i think the overall bias is to fade rallies in the euro. >> is the positive news we expect built in at 131, 130 and change looking at right now? >> i think to a certain extent it is. over the last couple of weeks we have seen a good appreciation in the euro and a lot of that has been on anticipation of a positive outcome with regard to the negotiation so i agree. i think that there is a lot of good news built in
CNBC
Sep 28, 2012 12:00pm EDT
euros for spanish banks let's bring in george davis with more. is this the reaction you expected? is that what you thought would happen? >> i think so. in terms of the outcome, it was right around that 60 billion level. so it really isn't a new surprise for the market. as a result, we have seen a little bit of short covering in the euro in response to that. >> you're saying by the dip. i thought $1.31 was like more like a spike. where's it going to go to from here? >> the spike that you mentioned up towards the level is quite healthy. but the bond buying program is going to underpin risk. but do we like buying the corrective levels? we take profit at the 160 area and a loss below. so that gives you a favorable risk ri ward. >> so you're in the camp that the euro trades higher. is parody out of the question? what's the right price? could it go back to 150 if europe straightens itself out? >> i think we could see a pushback towards the 135, 140 area. but i would highlight the fact there's still a lot of execution risk around the bond buying program in the sense we need countries to ste
CNBC
May 16, 2013 12:00pm EDT
we're completely discounting some of the things he brings up. >> first of all, george, he's the one who said that. those that don't know history, i am multitalented. >> thank you very much. you know him, too? >> in another life, actually. actually -- i knew him way back 150 years ago. >> sure. >> teper referenced this and he said that if the fed does not continue to be measured, does not actually start to parse back on their easing that you could see 1999, the back half, but he doesn't think it would happen. the difference between now and then, first of all, i'll take 1999. it's 2000 i don't want. number two, the dif rents is that you don't have that amazing volatility. if you look at how the market's behave, you don't have those big hundred point down days in the dow. you don't have the huge multiple days of up 100 points, so i don't think there's a lot of speculation except names like tesla. we're good now, but the key is the fed. because that's what drove the blow off in '99. i don't think it's going to happen now. >> dr. j., let's bring it down to a micro sense of things rather than
CNBC
Apr 26, 2013 12:00pm EDT
? >> check out jcpenney which is ripping higher today. the news, of course, on this one. george soros buying a 7.9% stake in the stock. it hit a low on april 10th. short interest on this one, 47%. guys, back to you. >> slim shady, what do you think? doing the same trade? >> i'm not in jcpenney. i was in it through some of the options. jcpenney got nothing but negative news. it came down to 14. held that 14 level. we talked about it. the question was, what's going to be positive. what's going to get it to bounce? george soros taking an 8% stake is a positive. the company has a few other things out there. one is the reit structure that's been talked about. two if they bring in some sort of positive news about sales or about anything, if you get the slightest hint of a positive you'll see short covering. >> i'm not sure george soros has ever walked into a jcpenneys in his life. let's get to john harwood standing by breaking news in d.c. >> the house of representatives has voted. the gavel has not come down. still some votes outstanding, and they have voted to agree with the senate to end
CNBC
Jun 23, 2016 12:00pm EDT
, because you could have a 10 to 20% move quickly in pound dollar? >> yep. >> and george soros would know all about the pound, because he is very good at it. he is right, and he is also right, and other analysts are right in highlighting a global issue for the markets and it is not a uk issue. >> more than anything, a currency issue or -- >> no, it is a global market, and it is about currencies and the interest rates and ultimately about stocks. this is not -- >> and not immediately? >> yes, i am with you, steve, it would be pretty dramatic, and i think that the market is saying that it is going to be a get it, but a it is a major event for the markets if it happens and hopefully it does not happen. >> and you like many are following the betting parlors rather than the classic polls? >> always. when you are look at the polls that are really, really hard to look at in the uk and looking at the election, and the scottish referendum, you have to go with the betting polls, because they are the most accurate and that is why sterling is 1: -- $1.48 and staying in. >> and that is why managi
CNBC
Feb 17, 2010 12:30pm EST
today's tape. citigroup is after jim paulson, george soros and eddie lampert all increased their holdings. what do they know that we do not? take a look at those numbers there. certainly a big bet on the part of these guys on citigroup. we should note and you pointed this out on the prop desk on fast that during the period of the filing which was the fourth quarter ending december 31st citi actually hit about :15, which is the level at which the government invested. if you're investing along with the government maybe that's not such a bad bet. >> that's the bet. i would put this in the categories of things i have to have. i have to have a bank. this is one the government owns if 3.15 seems to be support and that's why i was excited when i saw them getting in there. >> karen finerman made a very salient point this morning. upon we have a conference call every morning and we all chime in with our thoughts of the day. specifically the book value and that's what people look at when they look at these big banks out there. if you take a look at the book value 4.15 and you're buying it
CNBC
Feb 16, 2017 12:00pm EST
. he was also an assistant attorney general under george w. bush. we'll hear more about that, the president without naming his candidate earlier in a meeting with members of congress, said that he is a great man, he's excited about this pick. so we'll wait and see what happens there. but to give you a sense of just how quickly this press conference has been arranged, i want to talk to some of the press aides just after the president announced it. they didn't know there was a press conference just announced by the president. in fact, we're still not told definitively the question will take questions. we'll see what format here at the white house. we expect the alexander acosta nomination to be made formally there, and wait and see if reporters get a chance to ask questions on a whole host of other subjects that have been swirling around this white house in recent days, scott. >> eamon, thanks. we'll be back to you then. >>> in the meantime, we mentioned the mainly averages range-bound today but going for these new records, at least out of the gates. >> yeah. and i think there is an
CNBC
Mar 20, 2012 12:00pm EDT
at the george washington university school of business. today is the first of four classes bernanke will lead on the fed and its role in today's economy. here's the breaking news exclusive. >> how are you? >> steve, how are you doing? >> good. can i ask you a couple questions? >> sure. >> how does it feel to be back at school? >> awesome. awesome. you know, i was a professor for 23 years. >> yeah. >> and i love talking to students and it's a great chance for me. >> do you prefer asking questions of journalists than senators? do you prefer students to journalists and senators? >> sometimes i think i might, yeah. >> tell us why a fed chairman would come and teach a course at a university as a way of communicating. >> well, to be honest, i started off doing this just for my own interest, really, because i haven't taught for a while. i really enjoy talking to college students. i frequently have college students at the fed. it's fun to engage with them. but it looks like it's going to be a good educational opportunity, you know, with george washington setting up the course as they have a
CNBC
Mar 25, 2013 12:00pm EDT
just a short time ago from george lewis. the founder of tavis dot group and one of the most success tul currency traders of all time. on sigh prus he said they had a good opportunity to let cyprus go. better play here would be, you know what, that is it. you're out. you're small. let them go. what is your reaction to that? >> i always respect mr. lewis' comments but at the end of the day the timing would be wrong to let them go. what do you do with spain and italy. you to let them go now would have caused almost an avenue lanlg. >> his bigger point is, okay, now that you've done this with cyprus, now, you're going to have x country, y country, z country now lining up and holding the eurozone hostage. >> i do. at the end of the day, you know, europe said, listen, give you $10 billion, not $70 billion. that's the maximum we're going to allow. you know, it was definitely a push to russia to an extent. you talk about luxembourg. >> joe louis has made a good bulk of his fortune and fame as one of the world's great inve o. vesters. on the euro, calling it over priced. fair value is 110 to 120
CNBC
Mar 20, 2014 12:00pm EDT
the pieces from that shock announcement yesterday from george osborne, the finance minister, that in the future there will be no compulsory annuities for pensioners. these are two of the annuity providers that have really been hit hard over the last couple of days. partnership assurance down 60% as the bulk of its business, potentially, appears to disappear. george osborne actually telling the bbc radio for today that it's time that the uk trusted savers. arguably, guys, like the system does here in the united states. back to you. >> simon, so maybe our market possibly getting a lit bit of a boost off of europe closing and having its own reversal. >> just a general assessment and re-enforcement that whatever yellen said yesterday we can move on and market can move higher. >> simon, thanks. >>> as we head to break, stocks adding to gains today. heat map is telecom, tech, and financials lead the gains today. coming up, if there's action in the options market, you know who is all over it. the najarians. find out where the unusual activity is popping up today and how you can stay one ste
CNBC
Dec 18, 2017 12:00pm EST
back then. >> they said george w. bush was the business president, has an mba, ran corporations. we had a lost deng aid for the s&p and nobody made any money. obama was anti-business, s&p triples. so many other variables that come in that who is the president or what is the congress makeup, it's probably the worst thing that you can pick other this astrology to make like as et allocation decisions. >> back in the dotcom days everybody talked about stocks and now i don't go anywhere where poem talk about stocks >> bitcoin. >> it is what it is more than anything else. poem haven't jumped into this market the way they did back then. >> the exuberance is not there you're asking an interesting -- look, all four of us here, we define, we know who we are i know my roots, who i am. jimmy's roots were as a trader, if i'm correct, trade. pete's as a trader josh, a trader the question you have to ask yourself what does mike want out of the market and what do you want snob do you want to be a long-term investor or trader >> i want to be a long-term investor but you don't want to get in at the t
CNBC
Oct 16, 2015 12:00pm EDT
. you trying to take a page from george foreman? >> oh, man. that's a good page to take from, but i've been involved in this because of my cousin. he is a chef. we'll be out there with our rapid cooker as well. there's 500 chefs from around the world that are taking part in this whole cook-out thing. the jets are doing a specific thing. >> how long have you had this grill? 200 and 400 bucks. you can get it on your own website. some other retailers. how long have you had that? >> three years. it was a good product to start with and we're getting word out there. >> he's used to performing in front of big crowds, too, so whether it's flipping burgers or raising money for charity, which is fantastic, you've gone through the canyon of heroes down here when you won the super bowl, right? >> right. and i have been down here a few times on the floor with the guys. the energy has always been terrific. the numbers seem to have diminished a little bit, but the energy is still here and it's just retreat for me to see so many smiles. >> i know the energy has always been high. when i was a kid and j
CNBC
Dec 10, 2013 12:00pm EST
>> so i'm optimistic. >> bill, always good to get your insight. thanks so much. bill george, talking about the story that did dominate the discussion today. >> and incredible 24 hours for the company, just last night, word that the government had sold the rest of its stake, and here we are. >> let's see what the afternoon brings, wapner and the "halftime." >> thanks so much. >>> here's what we're tomming today. nifty fifty as twitter retakes the key level. are shares now poised for a bigger breako out. -- now the man compared to some, compared by some to buffett, tells you where he's investing next. >>> we start today with this question. is the so-called crisis trade officially over? five years after the meltdown, stocks sit at historic highs, europe appears to have stabilized, a budget deal is looming, and according to our own steve liesman, the taper is increasingly likely this month. what does it mean for your money? it's "halftime." let's play the action. murphy, you first. is the crisis trade over? >> the crisis trade is 100% over, scott. you look at it, right now the f
CNBC
Apr 24, 2014 12:00pm EDT
trade, check out our live show. we're going to be joined by gold guru, george gero, try saying that four times fast. don't miss it. 1:00 p.m. eastern time, here, futuresnow.cnbc.com. scott, back over to you guys. >> dom, thank you very much. >>> autos and airlines reporting earnings, but which runs are a buy or a sell? the traders are revealing favorites. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim from td ameritrade. everything looking good. ♪ velocity 1,200 feet per second. [ man #2 ] you're looking great to us, eagle. ♪ 2,000 feet. ♪ still looking very good. 1,400 feet. [ male announcer ] a funny thing happens when you shoot for the moon. ahh, that's affirmative. [ male announcer ] you get there. you're a go for landing, over. [ male announcer ] the all new cadillac cts, the 2014 motor trend car of the year. bulldog: [yawning] i can't
CNBC
Apr 2, 2013 12:00pm EDT
negotiator and former u.s. senator george mitchell about our strategy and the magnitude of those threats. >>> a judge's ruling may be putting your pension in jeopar y jeopardy. we'll tell you exactly how. >>> plus, are you a fan of footies? we're sitting down with liverpool's managing director. i'm not talking about the pajamas here. i'm not talking about the pajamas. liverpool, the soccer team, the football team and the big business of soccer. how did the english premier league or barclays league get to be such a global player? now back to scott and the "halftime" team. >> thanks so much. >>> is it time to go bargain hunting in europe? katrina dudley manages the five-star rated mutual european fund and think it's time to start buying beaten down names. welcome. >> thank you for having me. >> why is now the time when there's still so much concern about what's happening there? maybe another shoe dropping, especially after cyprus. why is now the time to get in? >> because europe is a cheap market. if we look at it plastic free cash ploe flow, dividend, price to earnings. cheapest d
CNBC
Jul 2, 2015 12:00pm EDT
. >> george waxman at hightower, a managing partner there. >>> let's go live to the athens for the latest on the situation there days ahead of the referendum, michelle caruso-cabrera is there live for us. >> hammers and sickles in the square this evening, we're waiting for a communist rally to begin soon. thankfully it's expected to be small. so we're going to be telling but that. and also the imf pouring some fuel on the debt flame here, they put out a report in the last hour which criticizes greece, makes a lot of comments about their economy ahead of the big vote coming up on sunday. we'll bring you up to date on the poll numbers, all of that after this break. >> we're going it take a quick break and jump back to athens for more on what to expect over the weekend. what the exit polls are looking like in what is a critical vote for all of your portfolios, the global markets hanging on edge waiting to see how all of that is going to play out. we bring in a currency expert to find out where the opportunity is in europe and here at home. >>> tesla shares revving up. how to play it and four st
CNBC
May 17, 2013 12:00pm EDT
by mr. george numerous people in your organization that you had oversight ultimate oversight for, his ability to identify those individuals, you didn't identify those individuals in any type of management oversight when you became aware of this situation in may of 2012? >> i certainly was aware of my own management chain, yes, sir. >> okay, and so who in your management team specifically did you talk to about this situation? >> after may you mean of 2012? >> after you became aware of it, you talked to people in your management chain. >> i'm sure i talked to joseph grant and i probably talked to lois as well. >> those two that's all you talked to. >> i talked to the folks who went out and worked on the case and i mentioned ann marx in that regard. >> that was nancy marx who was in cincinnati that you orally disciplined. >> no, no, no. nancy marx is a senior technical adviser who led a team to look at this in cincinnati. >> who was the employee again you orally disciplined that you thought may have had something to do that? >> i apologize. i can't remember the name. we can give it
CNBC
Jan 26, 2015 12:00pm EST
telling you about that blizzard headed our way. there's the george washington bridge, few miles south of where we're located in new jersey. you can see traffic's moving fine now. it's going to be a totally different story later. for much of the east coast, this blizzard barrelling down. want to go live now to luke at reagan national airport in washington d.c. luke, i understand d.c.'s going to be spared most of the snow out of this storm. what's the picture at reagan national? >> reporter: yeah, we're going to be spared most of the snow, scott. two to 4 inches under a winter weather advisory. but you're starting to see major flight cancellations. expect more in the afternoon. we also expect, though, to see cancellations up and down the northeast corridor. as you mentioned, over there in new jersey, we're getting reports at newark, new york, jfk and la guardia there, any flights later this afternoon, expect those to be massively delayed or probably canceled. so far, about 2,600 flights delayed due to this storm in the northeast corridor area. if you're planning on flying today, d
CNBC
Jan 17, 2017 12:00pm EST
what it is. ronald reagan, eisenhower. >> george w. bush, 4.7%. >> you can easily do it but it's always a credit -- reagan, the recession came in the first year of ray again. eisenhower, there's been comparisons made to that. the key is you had an inverted yield curve and shutting down a credit in the years before that they took office. that's why you had that recession driven bear market for both in their first year. >> i'm saying, in the first month. bush, obama both lower by more than 4% within the first month. >> i also think a lot of the reason why the market rallied off the bottom, clearly positive economic trends that were reflecting more positively. nigsz to that you aed a lot of optimism about a tax and infrastructure deal getting done. and i think what you saw yesterday marl particularly fro the "wall street journal" article released is that it's going to be a lot harder to get a tax plan done as quickly as the administration would like. there's a pretty big disagreement among border instability between the house. the house wants any deal to be done, revenue neutral. trump is
CNBC
Jul 16, 2014 12:00pm EDT
biggest guts now in terms of making -- >> george shore oushgs 84 years old and still has them and i don't understand it, because i'm 61, and mine are somewhere on the pavement. >> but -- there's another guy you mentioned, too. >> david tepper. his forecasting record, he's had a lot more volatility than i, but you talk about a guy who knows how to lay it on when he's got a big opinion, and that's the key positive mondemoney man. making a lot of money when you're right and minimizing when you're wrong. >> that the guy for right now. all right. this is good. this is good. >> are we done? >> i don't know. this is turned down so low. >> i don't have one of those in my ear. >> you don't have one. we might as well be. i got -- this who been awesome. i appreciate it. thank you. just getting you here i don't know if i have to do anything. >> shows what a has-been that i showed up. i don't do this when i manage money for clients. thank you, joe. >> thank you. appreciate it. [ applause ] >>> boy, with all due respect to my colleague joe kernen, better than awesome. fantastic, that conversation, betw
CNBC
Jan 14, 2014 12:00pm EST
president of the united states? >> it wasn't ab raraham lincoln. george washington, sir. >> you got it right. "power lunch" begins now. >>> indeed we do get started on "power lunch." i'm sue herera with bob pisani at the new york stock exchange. we have a rebound in the market right now, up 84 points after yesterday's big drop. the s&p is up about 16 points on the trading session. the biggest winner, though, is the nasdaq, 1.5% move, which is why you saw seema mody at the top of the show. she's the lead today up in times square. over to you. >> good afternoon. yeah, talk about a comeback. you will see right behind me, it is green across the screen. the nasdaq witnessing its best day in two months and what's interesting about this is that
CNBC
Jan 18, 2017 12:00pm EST
by united states citizens in con junction with trans atlantic holdings bying. jor george corning, ran deutsche banks asset management company, is going to come in and help our management team grow the business. certainly the hna piece is owned by a chinese conglomerate base in beijing. i think these guys are as careful and circumspect as i am in making sure it's a full separation and it's a bad pun but a chinese wall between me and them pull i know that. they know that. they're looking at this as potential growth opportunity for them and the united states. i probably shouldn't say this but i think we built a pretty good brand, skybridge capital, and that is going to be an american brand. it will be have an international tie. there's offices in korea, an office in london. but ultimately this is an american centric business that we built. >> $200 plus billion is the price tag, i would say that's a decent business that you've built. >> yeah, a nice size business. people forget it's 41,000 clients, very, very diversified. it's got a great distribution engine. jay con wright who has been m
CNBC
Feb 10, 2016 12:00pm EST
. not the kind of economy i would like to see. all right. george bush, we go from 5% unemployment to 10% unemployment. we lose millions of jobs. under barack obama, back down to 4.9%. in colorado, we're at 3.5%. so i just want to thank you and i want to thank the administration for getting this economy back on track. now, can we do better? you bet. how would you suggest that we do better, how this economy can get moving so that the folks here can see some real growth in wages, which i think are beginning to appear, or what would you suggest? >> so our objective in terms of what we can do is to try to make sure that the picture that you have put up here shows continuing improvement in the labor market. i agree with you, i would say the signs of wage growth increasing, they're tentative at this point. there are some hopeful signs but i think if the labor market continues to progress, we are very hopeful we will see faster progress on wages. and we'll try to keep that progress going. that's our objective. inflation is running under our 2% objective. i expect that will move up over time
CNBC
Jul 7, 2016 12:00pm EDT
served in the administration of president george w. bush you were the second highest ranking member of the department of justice is that right. >> yes. president bush appointed me to be the u.s. attorney in manhattan and then the department of justice. >> when you were confirmed for the fbi the vote was 93-1, is that correct. >> that's correct. >> with that strong bipartisan support it's not surprising that republicans said during a con formation director cuomo has a reputation for applying the law fairly and equally. did you apply the law fairly and equally in this case. >> yes. >> did you get any political enter forensic from the white house. >> none. >> did you get any political interference from the hillary clinton campaign. >> none. >> you were appointed for ten years to help insulate you from politics is that right. >> yes. >> the second truth today about this hearing is that none of the members of this committee have any idea what we're talking about because we have not reviewed the evidence personally in this case. when i served in active duty in the u.s. air force one of my da
CNBC
Sep 28, 2015 12:00pm EDT
have been friendly for years. he's just -- george h.w. bush negotiated nafta. so when i became president, what i did was negotiate labor and environmental deals on the sideline and the establishment of a north american development bank to try to deal with some of the challenges along the rio grande river. and we tried to enforce the trade laws. keep in mind, in most of the years i was president, we gained manufacturing jobs in america. our trade deficit got bigger because we were growing so much faster than the rest of the world. and because we had tripled -- no, quadrupled the debt of the country in the 12 years before i took office. so it took four years to balance the budget. and then start producing surpluses. if you run a deficit and you're growing faster than everybody else, you're going to have a trade deficit. our biggest deficit trade growth was with china with whom we had no trade agreement. mexico, we had a big deficit with because half of it was in the oil we bought from mexico. we were then importing oil. and if i had not signed that bill, think what would have hap
CNBC
Sep 15, 2016 12:00pm EDT
of economic advisers under george w. bush. he says trump's views are an thet cal to his views on how to promote american prosperity and growth. >> john harwood outside the waldorf astoria. thank you for that. i have the traders in front of me today for the last moments of our program. john, i'll go to you first. you listened to the whole speech. what did you make of it? >> i thought he handled himself well in font of what would be a pretty hostile crowd. most of those people have written checks to hillary clinton. right? most of the wall street folks in that room have written checks to hillary clinton. >> several members of mr. trump's economic team. specifically -- >> mr. paulson. >> specifically to the comments about what the fed won't do. the fact that the market will remain artificially high. sxwl so, within one paragraph, you're saying the economy is a dase disaster. >> but you know, this is a campaign that loves conspiracy theorys. >> that also has strong momentum right now. i think nothing b about that speech is going to derail that. i thought it was a very good speech. >> he
CNBC
Aug 16, 2016 12:00pm EDT
, i guess. george sorrow got fooled, we got fooled. soros, 14f admitted he was in this thing too. the read i believe was correct, judge. unfortunately, the reasons that people were buying anticipating a takeover or something else, it was a take under, and you know, here it is basically took about $10,000 out of my account today. >> wow. >> you say luckily i had options, and the point being, sort of these, teachable moments we have every now and again on this program, you make the distinction between options versus equities, and how this one i suppose worked in your favor by doing it that way? >> well, yeah. again, it lessened the amount of exposure. they are a risk transfer vehicle. options. the reason all of those folks behind me trade them every day is because of that, but what i did, judge, i bought the 55 calls i cited out in september and i sold 60 calls against it, paid a net of about, whatever, $1.20 for that spread. unfortunately, that spread went to 15 cents today. so that's that $10,000 i'm talking about. it i were in 10,000 shares of the stock, would have lost almost $140 g
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