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CNBC
Jan 4, 2016 9:00am EST
china. shanghai down 7% on a weak pmi. trading was halted, hong kong and japan each down 3% as well. that's led to some weakness in europe. the worst day for the dax since august. crude oil and gold among the few things working today. the new year for the markets beginning with a worldwide selloff. global growth concerns sparked by data showing chinese manufacturing contracted for the tenth straight month, and contracting at a faster pace. and this ban on insider selling will end in a few days. >> china put in some circuit breakers that remind me of '87 and they didn't know how the circuit breakers would work. they encouraged selling, not discouraged it. the communist party can be late at figuring out what to do. i would not count them out in terms of their ability to manipulate the market back up. one thing is certain of 2015, in the face of bad economic data, the market did not react because the communists propped it. they have abilities to stop selling, including making it criminal prosecution. it could be criminal again to sell. that -- we all know that's true. could be a white
CNBC
Nov 1, 2016 9:00am EDT
week away, china pmi with an upside surprise, futures are slightly positive, europes are slightly in the red and we are watching crude and gasoline on news of the pipeline explosion yesterday in alabama. the first trading day of the month after that red october, more earnings. the election, the jobs number and the fed meeting all on tap for the markets. >> it is one week to go until election day. new polls and investigations are moving the markets every day, including today. we'll have the latest. >>> and a spin-off for kfc and taco bell. yum and yum china begin trading as separate companies this morning. first up, though, a lot for investors to digest into november as we head into the first trading day of the month. a jobs report is coming on friday, the election is next week. all three major indices were in the red for october, posting their worst performance since january, although to be any worse than january would have required a lot more selling, jim. >> look, there's -- there's just a major change underneath. what we saw were a lot of health care companies, big part of the s&p
CNBC
Oct 20, 2015 9:00am EDT
hold above 2. yum! brands higher in the premarket on plans to spin out its china unit into a separate publicly-traded company. >> ibm shares as carl said moving in the opposite direction at least eight firms cut their price targets on the stock, this after disappointing sales and guidance. >> tim cook optimistic about apple music and it's more than 6.5 million paid users. >> first up, yum! brands announcing plans to split into two publicly traded brands, yum! brands in china. them focus on expanding those chains around the world. that separation expected to be completed by the end of next year and continues this trend of companies like alcoa, ge trying to spin, sell off, divide into two. >> yeah, i mean, my problem here is that i don't like when this is happening, it's happening at a time when there still isn't any stabilization in kfc. taco bell might be added to china. >> they don't have taco bell in china, but it could be introduced over time, yes. >> new ceo, members from taco bell. >> the new ceo of china or yum! overall? >> yes, the new ceo for china, he has a good reputation. l
CNBC
Jul 27, 2015 9:00am EDT
-week low, oil now below 48. roll back with china falling hard. the biggest drop in eight years. a $40 billion farm pa deal. teva buying allergan and mylan and facebook. it's two price targets ahead of wednesdays earnings. the impact that is having on the nasdaq. first up this major sell-off in china. the s&p and nasdaq each coming a off the worst week since march. jim, you have been fielding questions on twitter all morning long. why the pain? you wrote, because we are china right now sample we are. i mean look i wish which weren't. it was amazing to watch china roll over in the middle of the night and then see our futures unchanged. that's just false. i mean the reason it's false is because there is a link between minerals arc link between oil and us. so we have a lot of companies that i think aren't going to do well with coin going down. more importantly the rest of the world, holly cow, is brazil going to take the product? europe? you need to see europe get stronger, brazil not just kind of go away and look i hate this setup. it's not that i don't like this. i mean we got to get th
CNBC
Aug 24, 2015 9:00am EDT
week, that would be a decline of 11 % of the year to date. >> what is china's next move? >> is that what we're waiting for. >> are we waiting for that in new york. that's crazy. the world is crazy. join us tomorrow. we'll talk more about it "squawk on the street" is coming up next. >> stocks up for an risk sell off at the open. the biggest gap down in seven years. good monday morning. i'm carl quintanilla with jim cramer and david faber. this would be one for the record books pushing the s&p into correction territory. europe is down 3% to 5%. china falls 8% overnight. and the ten-year yield down and oil is down almost 4 %. after a week in which the s&p lost more than $1 trillion in market value. and an 8 .5% drop in shanghai last night. wiping out chinese gains for the year. jim, what is the story today? >> i think it is china. what i'd like to do because it's a terrible market. it reads something that is in keeping with that. i sent tim cook an e-mail trying to understand covering apple because that is a crucial part of it. and tim sent me this this morning right before the show. i
CNBC
Jan 7, 2016 9:00am EST
morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber. china down 7% overnight. trading halted as you know fort second time in four days. europe has followed suit and then oil below 33 as a fresh 12-year low. as joe just said. china at the center of the global selloff. further devaluation of the yuan. a halt in chinese trading for the second time this week. that session lasted guys, only 30 minutes. they tried to do this 15-minute circuit break are and then said let's scrap the whole thing. you talked about them holding the line, jim. are they capable of that? >> they obviously don't really know how to handle their own markets. they are playing it by ear. it is very much a work in progress. if we are down 7% tonight, you would, indeed, take out the 2927 lull and be at 2900. it would break the line in the sand. unless they do something, it will be down again. no market can bounce. markets that are down big attract more sellers. you can't get buyers to come in. this is going to sound crazy. i was doing some price changes. you are talking about fi
CNBC
Mar 22, 2010 9:00am EDT
headline, four rio tinto executives unexpectedly plead guilty to bribery charges in china. keep in mind, china is the biggest consumer of iron ore and rio tinto supplies that. this is as google decides whether or not to stay in china. they're in a big battle with the government over a lot of things, but particularly, censorship over what this provide on their chinese google site. >> two dow components get upgrades. citi gets an upgrade to buy from hold from rochedale. that stock is now doing nothing. boeing also gets upgraded fr ed outperform from underperform. and doing nothing. >> and futures are pointing to a lower open. >> yeah, that's lower all right. >> yeah, that's lower. >> down 50 points on the dow. >> i mean, now, it's not an armageddon-like thing, and a lot of people who hate the bill are talking in armageddon-like terms. yes, it is lower, but it isn't terrible. the big story remains health care, and we start our coverage this morning with chief washington correspondent john harwood. all right, john, the headlines we must know are? >> well, erin, we're really waking up to the
CNBC
Sep 19, 2014 9:00am EDT
china's e-commerce pricing at $68 a share. gives alibaba a market value about $168 billion surpassing disney, boeing and amazon. it will trade under ticker baba. earlier alibaba's executive chairman jack ma held court outside the big board amid hundreds of members of the press corps on hand for today's big event. later we will bring you our cnbc interview with ma here at post 9:00. we are literally feet away from the post at which it will trade, post 8 over here. where twit other went public almost a year ago. the crowd of press, guys, i heard at least 100 media from china alone. >> well, this is historic. i say it's a rejuvenation in the sense this is the deal -- it's been a long time since people talked about a particular stock which was facebook. this is bigger than twitter, obviously. what is incredible about this deal, we are looking at just the american side. i am shocked at the amount of buying overseas. there is going to be 30 million shares to buy. it's going to be obviously way, it was way oversubscribed. the demand of mutual funds worldwide for this thing is atypical of wha
CNBC
Aug 12, 2015 9:00am EDT
selling continues as china devalues for a second day as it announces even more economic data. futures are lower but not quite as weak as earlier this morning. the dax down 2%. 5% for the week. ten-year down to 2.11% as expectations for a september hike are fading fast. oil is bucking the trend despite the iea calling for a supply glut through 2016. alibaba sliding as growth slows to a three of year low. >> macy's volatile ahead of the estimates. we'll have comments from the ceo who was on "squawk box." that's coming up with us. >> and getting ahead of cisco ease first report. first up, futures are down following tuesday's sell off off the lows of the morning. china devaluing the yuan. according to reports china intervened in the final minutes of trading. we got to some interesting levels. fits in with what you've been saying for a long time, jim. these guys know what they're doing and they're doing it systematically. >> they have to. they're an export nation. when they came out -- it's interesting what happened. when they came out, it was like it broke up the chatter even at the club.
CNBC
Aug 25, 2015 9:00am EDT
are serging. china's central bank announced it's lowering the bank reserve requirements by.5%. it's the fifth time in nine months they've done this. the question is what are we going to get out of it? >> i thought the more important story than the cuts of rates is that maybe they've stopped the game of trying to prop up individual stocks. the stocks are just not companies that you would -- they're buying sock pickup truck. they're buying web van. and i think what's going on is this may represent a more serious attempt by the chinese communist party to put people to work or something. they could spend their money fixing the sewer systems. maybe they'll start doing serious work to help their economy. >> does that mean today is your chance to get out, to sell your least favorite names? >> yes. i have to tell you, when i see this market, i have to use the old rules. and the old rules i have is that you missed it. you just missed it. you have to wait for it to come back down. you buy stocks up three and four and then people who bought them yesterday are going to hit the bids. that's the
CNBC
Jul 8, 2015 9:00am EDT
talk about tomorrow morning. china, who knows? europe positive now. >> it doesn't matter fundamentally what china means. you see a market like that -- >> spooky. >> right. >> make sure you join us tomorrow because it's probably going to be interesting. "squawk on the street" is next. ♪ >> good wednesday morning. i'm carl quintanilla with jim cramer and david faber. u.s. stocks tested today this time by china's crash. stocks down 8% over there before closing down nearly 6. nearly all stocks suspended for trade. european stocks higher today. ten-year around 2 .23. we'll see if the fed numbers have any effect. in our road map this morning. tesla slapped with a downgrade on valuation. we'll hear about the company's future from the ceo. >> microsoft set to cut more jobs. >> and apple watch sales plunge 90%. we'll run through some of those numbers. first, futures are up sharply. steps by chinese officials to stabilize markets and restore investor confidence failing to start the slide. a lot of the trading, brokerages people are obviously upset. companies are being asked to bu
CNBC
Jul 27, 2009 9:00am EDT
will be strong in china forco copper. you are anyonewoinwood cliffs. >> at 11:00 eastern we're going to have an announcement of how many one-month bills we're going to auction tomorrow. $63 billion will be auctioned at 11:30 and 1:00, 20-year $6 billion tips. protected securities not long ago. just to be kind of oddball. they didn't have great liqu liquidity. not a lot of depth. you can tell why everybody is talking about the dollar index. we are one thin dime away from trading dollar index levels you haven't seen all year. and interest rates, hey, over 3 3/4 on the ten-year. so we want to continue to watch how supplier, debt, weak dollar strong commodities affects everything going into supply. erin, back to you. >> thank you very much, mr. santelli. we were just remarking on this thing that happens every time rick comes to new york, which is he's very quiet. >> yeah. >> like he's on a sedative as compared to his normal trading for a bouillon. in asia, nikkei rising for the seventh straight session. longest winning streak in 20 clears. i believe, thee, steve, half the peak in 1989. h
CNBC
Jan 5, 2016 9:00am EST
killed, executed for white collar crimes in the last few years in china. if they decide to make short selling a capital crime, are we going to stop them? look for that. >> hundreds of people. >> are executed. >> hundreds. >> the chinese do not necessarily release -- it's not like amnesty international gets in there and says that's a capital crime, that's not. you're dealing with a country that doesn't want the stock market go below 3,000, the shanghai. you saw what happened in august of last year, the market went down, they came in under 3000 and bid it up. there's trial and error going on in china. that gating thing that circuit breaker, that didn't work. let's try criminal punishment. people think i'm joking. this is the communist government controlling prices. have they -- they control the country. is it so hard to control prices? >> was some discussion this morning that our futures didn't take a dip until europe got started. do you agree? >> i think europe is in a better place. i think europe is okay. i noticed that once again, when oil turned around and went down yesterday, our m
CNBC
Jul 23, 2015 9:00am EDT
a quarterly miss hurt in part by weakness in mining and construction in brazil and china. cats lowering their full guidance. doug oberhelman did talk about it. >> at some point, the economy will stabilize and business will pick up. it was too whose in 2012 and too slow right now. somewhere in between is where we will be. until that happens we have caught in this period where we have to hunker down and do everything internally day to day. >> sales down in every region including north america. oil and gas not helping. they lowered the revenue forecast for the year. they keep the adjusted eps forecast. >> he is a very nice man. >> that's the key. >> he is a very nice man. >> you believe this is about him. what's your main head wind? >> he said it is the fact that we have 2 to 2.5 instead of 3 and 3.5. >> i don't know if anyone can run the numbers and get better. they represent exactly what's wrong in the world right now. they are china, mining minerals, oil and gas. what bothered me here was the construction industry was so bad in the united states. that was one thing a lot of oth
CNBC
Sep 1, 2015 9:00am EDT
. futures down big as we ring into the month of september. no surprise china's pmi goes negative. we're on alert for macro data. europe is looking at losses around 2 pc. shanghai down 1.2 ten-year hanging back and oil settling in a rally. shame worries about china. the country's manufacturing sector contracted at the fastest pace in three years. it wasn't a miss necessarily because people including you were expecting this today. >> we have a worldwide slow down in a bear market. it's a mini bear. it happened out of nowhere. and this slow down is taking people by surprise. i don't know why. if china is decelerating, a lot of countries will. the good thing is the dollar has gotten weaker. maybe that's because the chinese are selling their german bonds to be able to prop up the market. there's a lot of lies being told about china. they say they're not buying. they're propping things up. they like it when the shanghai is over 3,000. the shenzhen is propped up pretty much every night. crude coming back to a level where it's getting interesting given the fact that good crude people are
CNBC
Nov 11, 2015 9:00am EST
macy's and amazon. another big retailer over in china, alibaba. it's broken its own sales record for singles day. it exceeded last year's 24 hour total of $9.3 billion in half the time, sales at 13.3 billion dollars for their big 11/11 promotion. eunice yune is live in beijing with jack ma. take it away. >> thanks. the chinese consumer today greeting each other with the question, did you buy? the transactions are just amazing. massive, massive numbers. as you had said, the chinese post office expecting 760 million parcels to be shipped out today. alibaba alone has already seen over 430 million transactions on its sites. i don't know if you can see the board behind me, it's $13 billion in sales. that's already a record. of course the man who has done it all is here with me now, jack ma. the executive chairman. congratulations on singles day. >> thank you. >> big question, what do you think the numbers from singles day are telling us about future growth for alibaba? >> yeah. i think it's -- i would not say it symbolizes the future growth of alibaba, but definitely symbolizes the future
CNBC
Jan 15, 2014 9:00am EST
at least for now. our roadmap begins with a cnbc exclusive. with both apple and china mobile ceos, apple share's rising in early trade on the tech giant's new deal with china mobile. >>> bank of america reporting better-than-expected fourth quarter results. >>> and as new ceo mary barr takes the helm, gm expecting pretax profits to rise modestly this year but margins remain flat until 2015 on the back of news that the automaker will pay its first quarterly dividend in almost six years. >>> and elon musk taking on the government for the proper term for tesla's fixes. >>> first up, though, apple shares rising in the premarket on optimism surrounding the company's deal on china mobile. tim cook saying it will help bolster sales in the biggest smartphone market and china mobile's chairman said the agreement will entail various cooperative ventures and will not be limited to iphones. cnbc spoke exclusively with both executives and here's what tim cook told her about the china mobile deal. >> it's a watershed day for apple. it's a huge announcement. i'm so honored to be doing business w
CNBC
Jan 11, 2016 9:00am EST
. oil is a big talker today, down for the sixth day in a row. our road map begins with china's big drop impacting markets around the world. we'll dig in on what to expect next. >> and another big pharmaceutical deal, shire acquiring baxalta. >>> could some of macy's massive real estate portfolio be up for grabs. starboard making a push. futures are higher following a week in which the s&p lost $1 trillion in market value. the rise this morning coming despite a 5% drop in china overnight. oil prices continue to decline. morgan stanley saying it sees a way for brent to fall to 20. the nasdaq also kicking off the year with a one-week drop of 7%. the dow and s&p each down 6%. jim, a lot of calls today, jpmorgan saying exactly what you've been saying, sell into rallies. >> yeah. the jpmorgan -- i agree with that. here's the issue. the futures are up because europe turned up. why did europe turn up? euro went down. the pajama traders look at europe and start buying us. they don't think about the idea that the reason they're going up is because our dollar is getting stronger, which is why oil
CNBC
Sep 2, 2015 9:00am EDT
the lows of yesterday. the third worst day of the year for stocks. china managed to have a relatively quiet close. adp pretty decent. ten-year around 2.18. oil, inventories and the storage data suggests another build. the road map goes like this. futures higher after yesterday's sell off. will this continue. apple stock now in the red for 2015. one week away from their event in san francisco. and nfl games go online. netflix says it's sanguine about apple competition. there's that word again. >> we're on track for a green open as they try to rebound from a worst job. ahead of the adp, 190,000 private sector jobs added. that's a bit shy of the consensus. manufacturing, 7,000. it's being called a relatively solid number heading into a print that is historically weak on friday. >> you wouldn't tighten based on these, and i know, i regard the tightening camp as basically of two components. one says let's get it over with and the other says let's get it done. no one is saying the data says to do it. if the data depends on stabilization of the markets, we don't have it. the numbers are beni
CNBC
Oct 16, 2015 9:00am EDT
? >> companies such as yung, wyn. >> alibaba making a multi-billion dollar play for china. >> general electric up 29 cents a share in the third quarter held by demand for jet engines and power turbines. ceo jeff emmeltz said ge performed well. oil and gas revenues down 16. power and water up 1, aviation up 5. >> i like the quarter. plain and simple. when i see 4% organic growth, that's going to be among the highest of the big industrial companies. it's been the best performing industrial so far this year. i think jeff immelt, the transformation is truly happening and it is real. this is obviously conference call, we have the date, we have our reports here. i mentioned that because the goldman sachs hadn't been on that and the stock jumped 7 points after we talked about it on "squawk." >> important to mention. things happen on conference calls that move stocks, no doubt about it. >> this is solid, it's clean and i'll tell you something, i don't have to look through and wait to hear what ge capital says. i'm looking at what ge industrial says and i like what i see. >> right. it's very d
CNBC
Dec 14, 2012 9:00am EST
right. aside from that, we'll take a look at upbeat economic news out of china. the purchasing managers index rising to 50.9 in december. highest level since august. the surge also helped speculation the chinese government will take additional steps to support its economy. of the 15 times china's up 3%, since '09, s&p that day is up 13 times. almost every time. despite the futures today, is it a good omen for the markets here? >> look, there was a dichotomy in that government. there were people who were concerned about inflation. and there were people who said, listen, we're not growing fast enough. they do have a lot of levers. if they want to grow, i still -- i've been a bull on china. if they want to do 9%, 10%, they have the ability to do it. all they have to do is have a gigantic sewer infrastructure program. >> that's true. there's going to be an economic war conference held soon. it's believed the government will start to release growth forecast at that conference and perhaps unveil some further stimulus measures or tip their hat in terms of whether they are considering
CNBC
Jan 6, 2016 9:00am EST
china allowing the yuan to weaken as data for december showed the services sector expanded at the sloeft pa slowest pace in 17 months. all of this sending oil down. after china and saudi arabia earlier in the week, the hits keep on kcoming. >> you have to look at south korea, which is more a theoretical blast zone. did well last night. we can ascribe the inability of being able to accurately present thermonuclear war as a factor in our markets. we have never done that. we have two instances of nuclear in the last few years. we know -- we know that fukushima caused the market to decline precipitously. you have a 3% and change. we know that august 24th in 1986, from chernobyl, we had a 4% decline. these are both attempts to try to integrate. i remember trying to short mcdonald's. it did not turn out great. mcdonald's less than a percent. we're also in -- if i can be pop culture for a second. a lot of people are watching an amazon docudrama about the h-bombing of washington. these are the kinds of things -- >> you're referring to "the man in the high castle." >> "man in the high castle." th
CNBC
Jul 29, 2009 9:00am EDT
open following a disappointing durable goods number. and a slide in china overnight. a big one. 5%. that's the shanghai index. >> i think it's dropped since november when everybody was worried it would spread. >> it's a volatile market though. >> it is. the world's second biggest now. europe is definitely doing a little bit better. big story here, microsoft and yahoo! striking a long-awanted deal. microsoft will power yahoo!'s search. that means bing, as it's called, is going to go to a whole lot more people. yahoo! is going to run sales for both firms. complicated but important story. david faber will have all the details coming your way. >> the brain understands all. >> the brain does. >> checking those futures for you. down 5.90. fair value needed point, 62. about 40 points on the open on the dow. >> let's get to our market reporters. 5% drop mark referred to. biggest percentage drop since november. people were worried about profits. i believe that market is trading around 35 times profit. maybe people got a little -- so we'll see exactly what happens there. that is a big story
CNBC
Sep 21, 2015 9:00am EDT
. >> apple hacked in china. this time the app store. apple says it is working to address that problem. >> and as alibaba marks one year as a public company, the final lock up on share selling expires. will the stock see more pressure today? stocks poised to open sharply higher, looking to recoup losses from friday's selloff which did include a 290-point drop on the dow. there continues to be buzz over the fed's decision to stay pat on interest rates. earlier this morning, st. louis fed president jim bullard who didn't have a vote at last week's meeting said he would have dissented, then he said this -- >> i have a message for your friend cramer, the fed cannot permanently raise stock prices. he's one of the great people at looking at businesses, how good is this business, what's the profitability of the business, what's this thing worth. and, you know to have him cheerleading for low rates 24 hours a day is, i think, unsavory. >> also said a number of other things, guys. larry somers should know better there will remain accommodation after a hike. you had a bit on squawk a few minutes
CNBC
Aug 11, 2015 9:00am EDT
points on the nervousness on china and what it means for the global markets, et cetera. >> make sure you stay with "squawk on the street" for continued coverage. tyler and scott thank you for being here. >> thanks. >> that does it for us. right now it's time for "squawk on the street." >> good tuesday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. the market is rattled as china announces the biggest devaluation. benchmark yields around 2.17 as productivity finally gets a positive number and oil back below 44 as opec at a three-year high. google making itself one unit under a new parent called alphabet. we'll explain. >> a surprised evaluation of china's wand sending it to new multiyear lows against the dollar. >> and shake shack, the company beat estimates and boosted guidance. first google creating a new holding company called alphabet which will become the parent of google. the google unit will include youtube, android and ad sense while nest, and google ventures will be the other ventures within al
CNBC
Dec 22, 2016 9:00am EST
lot of titles now. like chief china basher. >> and carl icahn is special advisor on regulatory reform. >> why aren't these people czars? they should be czars. >> right, ebola czar? >> right. that lasted for a couple days. so we make navarro sdczar, you could say he stands for tariffs. so if you're a nike, you look and say, well, navarro's not really the guy we want in there. we're free traders. i'm saying we should be a little more -- we're not seeing any of the downside yet. wow, navarro, that could be bad for business with china, but that's what it is. >> what about apple? >> apple makes a lot of products in china. >> they do? >> some people feel that makes them more immune. >> less susceptible to the chinese trying to exact some sort of retribution if we -- >> right. i keep hearing that to be the deciding point. how many people have you hired in china can immunize. they don't want you flooding the zone with your goods unless they're made there. >> speaking of china, we're going to talk about alibaba by the way when we come back. defending itself after the u.s. put one of the compan
CNBC
Apr 14, 2010 9:00am EDT
rather dramatically. korea reported the biggest drop in unemployment in years and china reportedly is going to report a near 12% increase in gdp. officially, those numbers will be out tomorrow. great numbers today. trade yer ta tradertalk.cnbc.com. mike huckman, how's the nasdaq? >> the nasdaq closed at the highest level since mid-june 2008 yesterday and looks like it will close higher today, thanks in no small part to the blowout earnings to intel, up 4% in premarket. we'll see if the large evidence of a corporate i.t. turn-around will lift all the semiconductor and tech boats today. meanti meantime, apple shares are up more than 1%. the company just announcing it has delivered more than 500,000 ipads so far, but because demand is so strong, the company says it is going to push out, delay the international launch of the product by about one month to around the end of may. sirius, yes, i know this is a dollar stock, but it's up 8% premarket. the company saying it added more than 170,000 new subscribers in the first quarter of this year versus a loss of around 400,000 listeners during
CNBC
Aug 26, 2009 9:00am EDT
china. see aluminum company over there trading down. posted larger than expected loss than expected here. you see demand weak for aluminum prices have been poor at this point. here's what's important. the company came out and said the chinese government have been an active buyer for aluminum through march. that's when all the commodity prices went up. they recognize they have a glut on their hands. the china's cabinet said they would use enhanced management to curb capacity in several industries. oil hit $75 yesterday. fell apart. energy stocks fell apart. a lot of traders talking about a top in energy. finally, william issonoma up 11. on cost cutting they did raise their guidance for the full year. remember, it's still not much in the way of top line growth. tradertalk.cnbc.com. scott, how are we looking at the nasdaq? >> a flat open this morning. most technology stocks are large caps are mixed as microsoft and apple are in negative territory. google, intel, dell and yahoo! are positive premarket. bio pharma space, mariad is up. there's chatter out there that glaxosmithkline is consider
CNBC
Aug 11, 2016 9:00am EDT
. and the second reason is we're just killing it on mobile. 75% of our gnv as well as 75% of the china retail marketplace revenues come from mobile. and this is -- we've come a long way since two years ago when people were concerned about that issue, but today, we have just reported that our monetization of mobile users has exceeded the monetization of the users on pc. overall we had a really great quarter. we also have broken out the core commerce business where we are generating $2.5 billion in operating income and that itself is growing at 38%. >> yep. >> this is not counting the exciting stuff like cloud computing and digital media. so we're very pleased with this quarter. >> as you said. you hit all the highlights. i don't need to come back to them again. mobile monetization if i might as you pointed out there was some question, it's a more robust experience people say when doing it on a pc conceivably. to what do you attribute the ability to get mobile monetization rates higher on mobile or monetization rates higher on mobile than on the pc? sure. just think about a user on a pc,
CNBC
Jan 19, 2016 9:00am EST
earnings. china did post a gain overnight, gdp for the year at 68 is the slowest in a quarter century. and iran is officially able to start adding supply. the parade of bank earnings continues today with morgan stanley and bank of america. we'll tell you what those storks are on the move. >>> carl icahn sent a strongly word letter, yet another, to aig's board. we'll look at what it means and what is next. >>> shares of tiffany falling hard in the premarket. the company reported softened holiday sales and did lower guidance. first stocks are poised to kick off the shortened market week with a rally. china gdp up 6.8 for the quarter, 6.9 for the year. the slowest growth in a quarter century raising hopes once again for more stimulus from beijing. oil on the rise despite the iea saying the oil market may drown in oversupply this year. the nasdaq down 10% year to date. the dow with an 8.25% drop. jim, friday was eventful. was it capitulatory? >> i don't think so. oil will go back down. no reason for oil to rally in this. none. i think the bogus sometitimulus tired of it china is slowing i
CNBC
Sep 3, 2015 9:00am EDT
getting a lot of attention. jack lew telling steve liesman, we will hold china accountable. twitter's board meeting is today in new york. we will get answers on the permanent ceo role. details of nut tesla x and the lower costs on the model three that will not start production until 2017. draghi holding a news conference. he says asset purchases going smoothly. adding the plans to fully implement them. they see a slower increase in inflation lowering their growth request through 2015. 1.4, 1.7, 1.8. now, they are talking about, can we change the size or duration of their plan? >> they are crushing europe. the dollar is soaring. this is a level that american exporters obviously are saying, are you kidding me. they have to get the euro down to be able to maintain growth. this is really great for germany. they don't talk about -- maybe they are talking about the immigration situation. obviously, germany is going to be able to build all the housing that it says it is going to. that could be expansive for the german budget. at the same time, it is going to -- this euro this week is not wha
CNBC
Sep 9, 2015 9:00am EDT
talk of stimulus in china. yahoo and united airlines in the news. ten-year at 2.23 despite the bank warning the fed not to hike. oil is just a tad lower. the road map has the rally continuing this morning. >> plus the september date has arrived for apple. a new iphone, ipad, apple tv, can it help the stock going into the holiday quarter? >> next big short. why one natural gas company is, quote, a disaster. >> first up, futures are arise again after the dow closed up 390. the nikkei surged up 7.7%. and short-seller, continuing to sell the alarm on his bet against china on squawk. >> the chinese economy, since i was on squawk in february of 2010, was growing at 15%, nominal. it's now growing at 5% nominal. 7% real, 2 % deflation. it has been going down in terms of the economy by 2% a year. that's going to continue. the model is broken. >> chanos reiterating his message, that is the economy is still 50%. investment driven, and as the economy slows down, he sees a credit event where they lose control of the currency, lose control of their financing, and that's when the real magic happen
CNBC
Aug 31, 2015 9:00am EDT
was nothing going on. china wasn't that bad. stanley fischer, i felt was consistent with friday. it was a speech about inflation. and what i really want to point out is that we are down a lot on a lot of stocks. if you revisit last tuesday, almost everything is down. we have to start recognizing the market is pricing in whatever the fed does even though you may hear that only 40% say the fed is going to hike. there's way too many stocks down big. i think we have to start realizing that is this a bull market? it's not clear to me. >> example. you talked about disney being a pivot point. it is the worst component of the month for the dow. >> but it's up 8%. it's one of the better ones. i was going through mid cap. 24 ha 240 stocks are in bear market territory. that's a lot of stocks. i think we all kind of look at certain stocks and say they're okay. dow jones industrial average, at 2.5 yield. the carnage has been incredible, and we keep acting as if -- wait until you see what happens. i take a look at the charts and think, i cannot believe what has happened. particularly if you go ba
CNBC
Sep 21, 2009 9:00am EDT
. it's really all about growth. >> you know we have these huge opportunities in china and india, teaming up with dell will give us great scale in order to capture these opportunities. >> let's see if there's wider reaction as we hit the markets. we're going to cover them here and around the world with our special program. let's start with mary thompson at the stock exchange. >> weaker picture for the futures as commodities and commodity stocks are under pressure today. this is the dollar is moving higher. investors risk adverse. seeking a safe haven in the u.s. currency today. that is helped to push the dollar very close to a two-week high. helped to push commodities like gold, gold now trading under $1,000 an ounce. plus side, it is going to be a busy week for ipos here in the u.s. eight ipos scheduled to list. busiest week since december 2007. this activity is not only here but abroad. metallergical company in china. they are awaiting the decision on fed on wednesday on whether or not the central bank is going to make any mention of any further easing on the stimulus measures. also wor
CNBC
Aug 2, 2017 9:00am EDT
china and they claim they would have done good. >> we didn't get to talk about the latest news about potential trade or actions that will be taken by the administration outside of potentially the wto again this is in the journal in the times today. it doesn't mean they're going to but that could have an impact. >> north korea they took 232 off the table. they took steel off the table. this is more subtle. >> it's about an intellectual property businesses have been complaining for years about how their intellectual proper city stolen by the chinese and copied by the chinese. that the need thes have for u.s. business to open up all of their systems and everything in china so this has been a request to try to figure out a way to better protect them. >> did he talk at all about china and qualcomm >> we talked a bit about it during our interview. >> that was a great interview. >> we did talk about it. >> everybody has to deal with china. qualcomm has a huge business there and i always felt that you have to go in there and really just, either sell coffee or sell kentucky fried chicken not
CNBC
Jul 28, 2015 9:00am EDT
in three years and it's trying to avoid that fate today. china lost another 2% or so. s&p home prices at the bottom of your screen. we're watching oil still below 48. road map begins with global head winds. u.s. futures taking a hit as china's market turmoil continues. seeing a little relief so far today and now investors turn their eye to the fed whose meeting kicks off. >> big names this morning include ford, dupont, and ups. >> merck reporting some mixed results this morning. first up futures rising as the s&p looks to avoid its first six-session losing streak in three years. another decline in china. shanghai down after an 8.5% slide. jim, you tweeted this morning the government took out some bad longs in china overnight. what does that mean? >> i'm watch where the government is playing this and believe me the government is the natural buyer in this situation. they get the market come in bad. then they let the market drop about 4% and futures were down. then they just jammed it up plus one. then the sellers came in and they stabilized it. it's kind of a victory for the bull
CNBC
Dec 5, 2016 9:00am EST
begins with a tweet storm from president-elect trump weighing in on trade and china. italian prime minister renzi says he'll step down after losing that key referendum vote. and rbc suggests an espn spin-off could create value for disney. more on that coming up this hour. >>> first up, president-elect sounding off on twitter from everything from china to ta wan to taxes businesses moving from the u.s. to china. did china ask us if it was okay to devalue their currency making it hard for our companies to compete, the u.s. doesn't tax them or to build a massive military complex in the middle of the south china sea? i don't think so. jim, this was the talk of the weekend. >> as it should be. i think that one of the things that's happened is that we're used to a very formal way things are done. first you hear about a call from taiwan. obviously it's not supposed to be taken in the old regime. and then you're supposed to if you do take it minimize it. but this was maximizing it. i think trump is breaking with all sorts of protocols, whether it be state department, whether it be environm
CNBC
Jul 10, 2013 9:00am EDT
disappointing trade data out of china. and bernanke's fed speech later on today. ten-year note, one to watch as mortgage apps down four weeks in a row. and we'll keep our eye on europe. mostly in the red. our road map begins with the markets, rates are rising, but don't tell the bulls, the dow is 109 points from its all-time closing high. >> following in rupert murdoch's footsteps, the tribune company planning to split the broadcasting and publishing business taking the same path as murdoch's news corcor. >>> and coach gets initiated with an outperform. >>> well, the dow in the midst of the first four-session winning streak since the end of april. but stock futures are mixed after a surprise drop in june imports and exports adding to concerns about a slowdown in that country. wall street is bracing for the 2:00 p.m. eastern release from the minutes of last month's fed policy meeting. traders looking for further clues on when the fed might scale back the bond buying. also, ben bernanke scheduled to address an economist conference that will be shortly after the market close. here we are
CNBC
Aug 17, 2015 9:00am EDT
the -- versus japan and china. china's stock market dedoubled from the economy. our stock market controlled maybe by the fed. europe controlled by the low rates of interest on bonds. so people are searching for markets that are natural and organic and not on steroids. >> it occurred to me this morning, there's japan. there's china, the discussion from last week. we're waiting for the bund and the stock bailout. the world is a tough room if you're ex-u.s. >> you're looking for a country to rely on. people talk about india. you hear it's a growth market but it's for a small group of companies. there's an article that said this bull is tired. i think it would say it a little more negative but we are all kind of waiting for something really good to happen. a lot of stocks are up a lot. but nothing breaks well exempt for the u.s. and the more it breaks well, the more we have to hear about fed tightening. i keep hoping that, say, europe comes back, you finish the greek comeback. 770 million people in europe can matter. that's our best hope. >> a lot of discussion about the gdp from las
CNBC
Sep 10, 2015 9:00am EDT
7%. the session before had almost no impact. >> nikkei went lower overnight, china went lower overnight. david tepper, he didn't say he was shorting the market but he did sound kind of negative. he suggested that margins were peaking on wage pressures. suggested that eps estimates were too high. >> and the multiple consumablely a bit higher than he would like to be and the cushion of satan , is not there, so to speak. he said he is not the greatest and doesn't focus on shorting stocks. running a hedge fund, you do do that. he certainly seems to be at least taking more cautious view. i'm not sure what impact that will have. there have been a couple of times in the past where mr. tepper, appearing on "squawk box," has moved the market. >> no doubt about it. >> are you referring to the tepper rally? >> yes, i am. >> in this case, i don't know that we will see a significant down turn. he said, listen, remember the days when we had 15%-20% corrections. this he may not be over. take a listen. >> if we have a 20% correction or a 15% correction, i would buy. i have to see what the wor
CNBC
Jul 24, 2015 9:00am EDT
% top line. 18 %. >> china, i know everyone is worried about bridge water. david, maybe when the stock market crashes you drink more coffee because the china acceleration is extraordinary here. we may be all -- i know everyone is worried about china but they're not selling copper at star bucks. they don't sell iron oar at starbucks. they serve coffee. they took over japan. they are doing things with mobile and digital that are making it so the throughput is amazing. the delivery is going to start soon. i love the arc of the quarter, and howard spread the credit all over the place. adam broton is i'd say the single smartest digital mind in the country right now. don't you think that kevin johnson, the noted technologist is doing the call. they're doing premium coffees now. 18 % comp in u.s.? remember when we thought they were out of room in the u.s.? >> how much is just raising prices on people? >> not as much as you think? >> no? >> coffee, coffee is 10%. actually unimportant. what really matters is this notion of day part that every -- i was trying to get from these guys, like e
CNBC
Jan 21, 2016 9:00am EST
are getting wrong is china. >> we have talked about that a number of times during this incredible selloff we have seen in 2016. he did put it to paper and had some assumption s in terms of te gdp, an export-led economy. not of that much importance of our overall gdp and made the point on oil which has been made over and over again by the series of excellent guests they had on "squawk box," including jack lui, the treasury secretary, saying, why is it we are painting this as a one-way story here and oil is suddenly going down is only bad. >> $100 billion saved in terms of the import amount of money that goes overseas. a very good reminder. he made the point that people we export to will get hurt. they are giving up on the reality letting the currency go wherever the heck it is going to go. that could cut gdp but it is still very small. union pacific, urfourth quarter revenues. chemicals, down 7%. pbg did good today but trimming, saving money. agricultural products, down to 12%. air freight, down 14%. coal down 31%. union pacific, china coming east from west. this is not the panama
CNBC
Feb 16, 2016 9:00am EST
dnf data. china is open after the holiday. europe largely unchanged after draghi says the ecb won't hesitate to act in a crisis. oil is a big story, russia and saudis agree to this production freeze. our road map begins with global volatility continuing. jim mcgoggin. >> and apollo and adt are in a deal. >> and the death of supreme court justice ascalia has creatd a firestorm. >>> first up, stock futures jumping sharply. saudi arabia, russia, qatar and venezuela agreeing to freeze output at january levels provide that other major exporters follow suit. crude prices rose off their highs of the morning. some analysts expected an agreement to cut production. that's not exactly what we're talking about now iran on the tape is saying, maybe, we still want our piece. >> that's going to be the question, iran and iraq as well who is also ramping up production to get money, it's an expensive fight it has on its hands with isis. that's the big caveat that oil producers will agree. before this announcement, brent crude was up as much as 5%. it's still higher. the bulls would say, at least we'r
CNBC
Apr 17, 2015 9:00am EDT
premarket as europe is selling off to the tune of about 2%. china cracking down on margin lending. concerns about greek debt today. earnings back here. ge honeywell, american express among others. oil settling back after a big week to the upside. the ten year is around 1.89. consumer prices this morning largely in line. our road map begins with the markets taking a dive overnight. dow off triple digits as the stock moves overseas. disappointing data weighs on equities in the u.s. >> earnings from ge honeywell and american express have those stocks moving as well as another round of job cuts from schlumberger. >> verizon announcing it's breaking up the cable bundle into smaller bundles. the new tv offer we've got to explain coming up. >>> futures moving lower. taking their cue from declines in europe. here in the states consumer prices up 0.2 due to higher energy cost. the core rate up 0.2. few things working against the bulls. we mentioned that crackdown on margin lending, the back and forth between greece and germany continues. few downgrades today. several revenue misses on larg
CNBC
Jan 12, 2016 9:00am EST
. >> starbucks is expanding in china looking to open more than 500 stores despite what is a slowdown in the second largest economy in the world. >>> and lulu getting a boost after strong holiday sales. company raising guidance and they're not the only ones. first up keeping an eye on the explosion in turkey. a bombing in istanbul killing at least 10 people and wounding 15 other. the turkish deputy prime minister says the bomber was a 28-year-old syrian national. we'll stay on top of that developing story. richard engel has been on our air all morning long. >>> futures are higher. european stocks rallying after a stable trading session in shanghai. brent fell to the near 12-year low, bp announcing it's cutting 4,000 jobs in the wake of the slide in crude. some forecasts out there, jim, saying 10, maybe. >> i know people who i feel are chasing the downside. i had rusty brazil on who has been dead right, he said it will be this way longer. he felt this way at 60, 50, 40, 30. the saudis are showing no signs of finishing. howard hamm this morning was saying it is hurting the saudis interest. tha
CNBC
Jun 24, 2013 9:00am EDT
more about china. >> and brazil. >> if you're saying they've lost control, perhaps it's a different story, that being the fed. >> i think you have to readjust. what would you do if they go to three? if the ten-year goes to three? a lot of stocks that you're in that yielded three. a 3% clorox is not as good as 3% ten year sitting at home trying to prevent risk. that said when you talk about what david's saying we're not in where earning season is yet. alcoa the first. aluminum hits i don't know what kind of low. i felt like saying i'm done with aluminum here. the stuff is -- aluminum foil. >> you can use it again. >> alcoa can't wait. copper at its lowest since july of 2010. >> how about that? >> we have earnings this week, general mills, walgreens. >> someone downgrades walgreens. i like general mills. people keep chattering blackberry about make the number. friday, carl last week, e-kay, one of those weeks at the conclusion of my mad money on friday i sat there. i sat there. i leaned back. if you poured me a mai-tai i would have had tonight the set. it's breath taking to watch tnx,
CNBC
Jul 7, 2015 9:00am EDT
an important analyst at the end of the journal story. who did the china stories? it was brilliant. at the end, did you see who that was? >> yes. >> the hairdresser. >> yes. i did see that. >> that's the shoe shine boy saying i need you to go buy. >> and out ipos that came in. and we discussed yesterday the different moves the chinese government has moved to try to stabilize things. the shanghai down. shenzhen another 5.3% decline. down 40% from june. maybe it's something else that's pressuring copper and oil but that's got to be part of this. >> the lun, there's a lot of currencies, iron oar, gold. people are saying it's not about whether iran is going to export more. it's commodities. >> kmoitdcommodities club in collapse mode. the china market david, when you met with jack ma he talked about expanding into the united states. i've watched this alibaba combination. it looks like it's breaking down. chinese consumer if they got caught up they were up to 1 million accounts a week. it wasn't just a small scale boom. there's a lot of people who are caught. >> there are a lot of people
CNBC
Nov 8, 2017 9:00am EST
, the president is in china as he continues his trip through asia. we'll go to beijing for a live report dow is up six days in a row and four streets of six plus days in just - [ keyboard clacking ] [ click ] [ keyboard clacking ] [ clacking continues ] good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. >>> the president continues his asia trip with a visit to china. kayla is in beijing this morning with the latest. good morning, kayla. >> reporter: good morning, carl. the chinese are calling this a state visit plus, all of the normal state and extra flourishes like a double date at the peking opera and private dinner at the for gbidden city n factories being idled to see the sunset in beijing at all but the hospitality today belies the hostile conversations that will take place tomorrow during an expanded bilateral meeting and several high level meetings set to take place topics to be considered, north korea, how do you thwart that threat how much more involved will the u.s. be able to get china to
CNBC
Aug 13, 2015 9:00am EDT
yesterday's upside reversal. we are coming off the highs in the morning. china intervening for a third day saying there is no basis for a further devaluation. retail sales for july in line, .6 higher for june and may. oil still trudging below 43. our road map begins with china's ripple effects across the global markets. was a secretive news conference enough to stop the bleeding. >> retail sales are rebounding. some major retail stocks falling hard. more pain to come in the sector. two stocks sinking on secondary offerings. how should investigators make those moves? futures lower. china allowing is currency to weaken against the dollar for a third straight day. cutting about i 1.1. the third straight day of cuts as applies to markets. you sat here yesterday and said you like the setups and you saw what the dollar was doing. >> people are going to think these are okay. the dollar is back to being strong. oil challenging 42. those stocks were integral to the turn. interest rates kind of doing nothing. the earnings other than cisco. the retail earnings directly in contrast to the re
CNBC
Mar 13, 2012 9:00am EDT
china as there are complaints being filed with the wto accusing china of reducing its rare earth metals. >> i'm worried about bashing china too much. there's a china that allows procter & gamble and china ge and then the jobs are really needed. they take the steel and say to heck with america. i think you've got to be targeted. now, a rare earth materials is not targeted. he ought to go in there, the president, and say, listen, we've had it with your steel and we're done with your exporting steel. you stock. and then i will feel better. >> it's not clear what it does other than make people feel better. it's a clear relationship to navigate, one would expect. they still holdover $1 trillion. >> how about the military thing? do we really need to get military with -- i think that's a major mistake. i think these are trade partners. we don't like the way they are dumping but they are not giving us rare earth materials. >> taiwan to come to their defense which seems -- >> tom friedman said it is the greatest country on earth. >> yeah. >> chinese espionage, every day there's another st
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