ibm is of the next generation. that to me, in that way, it is funny to me that it comes full circle. megan: you are not going anywhere. what do you want your legacy to be at ibm? ginni: i am the steward of this great company for my period of time. the team and myself that are there today are to leave ibm just there reinvented for the next era it will be on in another 100 years. it will impact society, there will be jobs, a better future, and it will all be, i think about reshaping ibm for the next , era. in our luckiest moments, when we started -- health care? we will make a difference. forn: thank you so much being here and sharing this, and being on stage at cornell tech. thank you all for being here. [applause] ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all yo

this is not a how great is ibm conversation. this is is the worst over for ibm conversation. >> this is really the sort of it wasn't awful, and everybody is excited because that's the best news we've got they didn't die a painful death and they are still alive gross and operating margins were lower, the top line. i mean, it -- it's not great, and i think the other thing that i look at is their balance sheet. 63%, you know, debt to cap i mean, this is a highly leveraged balance sheet. they don't have a lot will have flexibility. until we see a little more evidence, i would say this is probably a decent income stock, but it's not a growth story yet. >> michael, that's a very important poip the debt is why this stock trades at a low multiple and will continue to do so i don't think the stock is going lower. >> missed every quarter for the last three years that's why the stock is where it is. >> you're talking about the price. i'm talking about the multiple. >> blue chips have flexibility on that balance sheet to make acquisitions o

first say ibm right, it's a c student. common a brk student, everybody see that is and want in before it becomes an a student. ibm and the banks are classic nontax reform names. they've been electric because of the yield turns in the bank. same with one of our ole favs, adobe. adobe gave you cautionary words about its next quarter but ryan, one of the most bank bl ceos in the world said don't worry about it conflicts will be resolved tonight adobe said, yeah so good, stock jumped 10 bucks in after hours. stocks reform, how about the private manager -- and the capable and entertainment companies, precisely the stocks, they would be the biggest winners if investors really believed tax reform is going to really happen if the treasury of sector would look -- secretary would look at what's winning and losing there'd be no stock here for years ibm has been taxed at 15% and change and the stock is having its biggest day in eight years. a finger poke in the eye for anyone that thinks tax reform is driving this market. one of bigge

you heard a lot about ibm. i'll make it simple, the hope is the revenue declines are finally stopping look at the third quarter reported year over year, only fractional revenue declines. look at the declines in prior quarters year over year. the hope is for the fourth quarter that is going to be zero or somehow miraculously positive that's a simple way to understand the ibm story obviously a little complex than that but that's a simple way to understand it. let's talk about the market, secretary mnuchin making comments they are anticipating tax cuts, but that's not the reason the markets are at new highs. stocks trade an on estimate of forward earnings you can argue about what the multiple should be, everyone does, but we are at record highs on the earnings. and that's what matters, here's the q3 numbers for 2017. it's a little lower. that's partly because of the hurricanes and effect on insurance companies and numbers are down there you can see the estimates going forward are generally higher yes they are nor

ibm shares are jumping the company beat on the top and bottom lines ibm did see its 22nd straight quarter of revenue declines. the cfo addressed those declining revenues on the earnings call. the s.e.c. is charging rio tinto and two former executives with fraud. the regulator claims the mining giant tried to cover up a multibillion dollar loss of african coal investment. in 2011 rio tinto purchased coal assets in mozambique for $3 billion and sold them for 50 million. the sec says the company inflated the value of the assets to hide the loss and raise money from u.s. investors. rio tinto denies any wrong doing calling the case unwarranted. >> and shares of cree look to be trading low their morning. the company's earnings and revenues were in line with estimates but the current quarter guidance falls short of forecast it is down more than 3%. >>> coming up on the show, is goldman sachs suffering from an identity crisis? today's must-reads are ahead first as we head to break, take a look at early trade in europe. marginally higher across the board. france up 0.4% similar move in germany, ab

ibm does not do simple, ibm does complex. it is a slow cycle of getting companies to buy complex solutions. i think it is turning the quarter in getting enough clients willing to engage in complex solutions. we will see that software growth plus services growth kick over the positive territory sometime in 2018. ibm had a bit of a halo effect, due to buffett's endorsement. but berkshire hathaway is no longer the largest shareholder in ibm. how does that affect the company ? does supply at positive glow. i am not sure how that will play with investors. patient, but tired. they are not looking at what investors are doing, but what is the company going to do during that revenue growth? i think it is getting close, but not quite there yet. emily: watson and blockchain are two that's ibm is making on the future. when will these bets pay off and how big will they be? take a while.ill blockchain in particular, maybe four or five years to gain traction. benefits.some niche watson is more of a halo to wrap around a lot of things. watso

quick look inside the dow, where was the strength clearly ibm. that was about 100 points of the gain today with this earnings powered 10% gain that we saw today. so ibm and goldman sachs also was higher so those two were among the company's powering those -- the dow higher then on the other side, how would you like to own chevron or pfizer they were lower today on a day when the dow is up 156 points. mixture today, not everybody was in the water we're seeing a flattening of the yield curve and some of the shorter trim yields are moving higher and the longer terms are holding or maybe even going a little bit lower, we're at 233 right now on the tenure. and oil came back a little bit we're at around $52 a barrel holding with opec talking about trying to maintain their cuts. and bob, earnings out after the bill tonight we'll see if we get more fireworks like on ibm. >> you were talking on amex, i want to hear from united rentals, here's the equipment rental around the country, construction is big, i think they're going to have a lot to say. i think

they're doing that, here's what's coming up >>> you're looking at a small portable computer called the ibm 5100 it's helping a lot of different people do their work more productively >> and ibm shares have helped investors reap productive gains. and it's pointing to an even bigger rally we'll tell you how to cash in. >>> plus one group of stocks seems poised for a breakout next week here's a hint. >>> and talk about a way to get long on apple for just three bucks. >> no way! >> way and we'll show you how it's time to risk less and make more the action begins right now. >>> next week is the busiest one for earnings season. we'll hear from 172 s&p companies, names like mcdonald's, amazon, alma bet, microsoft, ubs you get the picture. the earnings picture has been pretty positive, 70% of the companies have eps beat. let's get in the money right now, mike. >> this is interesting we have a little bit of a volatility paradox going on. frequently we hear people expressing a lot of concern about valuations i don't know that valuations necessarily are the precursor to a potential drop i think i loo

we saw options trading volume for ibm four times greater than average. if you look at the vast majority of that volume, yes, it happened after the earnings report was released so, could this be a turning point in sentiment for big blue? the skeptics say it will take a lot more to get it back on track, the stock at least, but the bulls say this could be a turning point on a stock that many have given up over the last couple of years. that debate rages on. >> we'll take it to the desk dom chu back at headquarters i'll kick it off with you, b.k do you think this was the moment for ibm? >> i do. this is a change in sentiment, a change in the way the company is operating. the way that the market is perceiving that. we've had this turn around story that the market has not believed for a long time. after this quarter you have to believe in this turn around story. to me, i think they hit all the different areas of the growth areas going forward. talk about this is on the market i think this has much more potential to outperform than the other news we talked abou

twelve dollars higher for ibm. ibm is a dow stock. and ibm's performance today accounts for some of the dow industrials gain. next hour, president trump will meet with the senate finance committee at the white house. the president tweeting again this morning quote if democrats will only vote for tax increases, hopefully, all senate republicans will vote for the largest tax cuts in u.s. history. now, blake burman is at the white house. he's going to lay out the agenda for us today. but as i understand it, blake, some democrats will be at the meeting of the white house today. >> yeah. the senate finance committee will be here talking about taxes, of course, stuart. that's kind of the highlight on's agenda today. he's got that this morning. a phone call as well with the iowa governor. so probably the epa will come up. but as tax reform comes into the focus today, it is the senate finance committee members from that committee coming over here to the white house to talk to the president. i have to tell you, stuart. this is one of these day

thisnumbers from ibm at point. scarlet: ibm routinely beats profit goals. tend lot of these things to come from things other than organic growth. deals, moreensing effective tax rates, kind of a one-off. anurag: it has been the story for a while. it is a very big ship trying to turn around, a lot of moving parts in it. it will not be an easy transition. it is a very complicated move, shifting the business model. a sense where they stand relative to competitors, especially in the cloud business. is this a margin growing or are they ipm, being actively encroached upon? anurag: they do not want to compete with amazon and microsoft with basic infrastructure service. they want value-added hybrid cloud services to help the client move infrastructure. kind of what they did in the old world with the data center migration. is why these products can have higher margin than what amazon is selling. joe: you have to help me out, i see the $4.4 billion -- what are cognitive solutions? way where youa are looking at products that include more of artificial intelligence, an

people do their work more productively >> ibm shares have helped investors reap productive gains. and there's something in the charts that's pointing to an even bigger rally. we'll tell you how to cash in. >>> plus this one group of stocks that seems poised for a breakout when it reports earnings next week here's a hint. we'll give you the name and how to profit. >>> and talk about a genius trade. we've got a way to get long on apple for just three bucks. >> no way! >> way and we'll show you how it's time to risk less and make more the action begins right now. >> let's get to it next week is the busiest one for earnings season. we'll hear from 172 s&p companies and 12 dow components. mcdonald's, caterpillar, boeing, amazon, microsoft, oouu.p.s. roughly 70% of companies see revenue beeps. should you keep buying stocks into earnings? >> you know, this is interesting. we have a little bit of volatility paradox going on here we frequently hear people expressing concern about valuations i don't know that valuations necessarily are the precurls forea potential drop i think i look at vol

and ibm is among the leaders. >> when you think of making the complex very simple, that's what we look to do, in both technology and business. >> reporter: they're currently working with some of the leading food suppliers like walmart to help address food safety challenges. >> it's still a complex network, getting, let's say, a mango from the farm to the fork. there's a lot of exchanges in there. right now, that causes lots of challenges and trouble with regards to that food safety. >> reporter: ibm employs more than 1500 people to help clients build blockchain based solutions. as the business grows, the company is looking to hire additional talent. >> what we look for are people who are ready to move quickly, think creatively, and be very close to our client. >> reporter: ibm is ready to train the right candidate. >> blockchain is a new technology. finding people with experience and expertise in the enterprise is not easy. so we do look at a lot of adjacent skill sets. software development, cybersecurity, cloud development. >> reporter: ibm also considers new collar workers, people wi

and we also have ibm reporting earnings after the bell tonight. could that add to the gains or derail this run? that's the big question. we'll get to that coming up. >>> a lot of earnings this northern already contributing >> yes. >> to this move. >> very much so. >> here's netflix. yesterday we told you about the earnings in the session today, it cannot hold those gains can netflix become the next hollywood? the streaming giant says it will make, get this, over 80 original movies next year which is -- >> in one year. >> -- more than the other studios combined is this the best use for the content spending that's coming up as the stock looks to close lower on the day. >> i have a lot to say on that we're going to save it. >>> let's start with breaking news fourth round of what we're calling the nafta negotiations but really the nafta renegotiations those are wrapping up. representatives from all three countries, the u.s., canada and mexico, are about to discuss any progress they have made. our kayla tausche has already been reporting, though, that

take a listen. >> up 10% to $34.9 billion and represents 45% of ibm. we're embedding cloud and cognitive capabilities across our business and our strategic imperatives are a signpost of the progress we're making in helping enterprise clients to extract value from data and become digital businesses. >> reporter: builcloud was up 2% looking at through the different business lines, cognitive solutions, that includes watson, that was up 4% global business services down 2% the biggest line, technology services and cloud platforms, that was down 3% importantly, looking at ahead, ibm did maintain its full year guide, calling for $13.80, and said free cash flow would be consistent with last year. melissa? >> thank you very much, josh lipton pete najarian, you mentioned cloud businesses and technology that you really like could ibm be embarking on a turnaround >> they could be >> that you would invest in. >> well, i own the stock, but i'm not all that fired up because i'm up a little bit from where it is right now, because of this big jump tonight if that holds

ibm played a big role in today's advance. shares of big blue soared nearly 9%, its best day since 2009. on the back of its quarterly results that we told you about last night. solid earnings and improving global growth have also contributed to the market's seemingly uninterrupted rally. when all was said and done the dow jones industrial a gained 160 points to 23,157. nasdaq rose just fractionally. the s&p 500 was up nearly two. bob pisani takes a look at why nothing seems to s >> reporter: stocks seemed to be racking up record highs. the dow grew 5,000 points in 18 months. that means the dow has advanced 1,000 points on average every 3.6 months. at this rate we'll hit 24,000 at the end of january and we'll be celebrating 25,000 in the middle of may. the markets keep rallying because everyone has come to believe that all the problems of the market will resolve itself. why? because it's worked so far. under this logic, the market believes there's not going to be any real conflict with north korea because everyone believes the

josh lipton now with more on ibm's re >> reporter: ibm's ceo ginni rometty has worked hard to emphasize new business lines. the company calls these markets strategic imperatives and it includes artificial intelligence, analytics, cybersecurity and the cloud. quarterly revenue from that division came in at $8.8 billion, a jump of 11%. ibm says that's important because as next generation business lines grow, they could offset the slowdown in ibm's traditional business lines. for "nightly business report," i'm josh lipton, san francisco. >>> as we mentioned earlier in the program, united health care helped lift the market today after reporting better than expected results. its shares rose more than 5% and it was one of the three blue chip dow members to post quarterly results. the others were johnson & johnson and n sachs. and the results were mixed. >> reporter: $2.5 million was more than expected. unh raised guidance through next year. its revenue up almost 9% to more than $50 billion. it might have been up even more but unh says withdrawing from the affordable care act markets took away

this is the ibm cloud. the ibm cloud is the cloud for business. yours. ♪ ♪ when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. snoo here's more about what it takes to go into the line of fire, and to be willing to give your own life up for the greater good or for your fellow citizens it's just that's a defined characteristic >> anyway, there's -- let's talk money after that >> the s&p up 3.25, and the nasdaq five. kobe steel -- the world's largest plane makers have said they are conducting a review of those products >> robinhood's annual investor conference kicking off tomorrow bringing together heavy hitters in the industry, including jp morgan's ceo, jamie dimon, and david tipper and transportation secretary chow >> what are actual investments we can make in the market that can be -- that can create alpha, and create different opportunities. i tell you the thing i'm really excited, though, tomorro

today for ibm for sure. ira epstein at the cme. the earnings, we haven't gotten many so far, but so far pretty good. we feel the economy is moving in the right direction. why shouldn't the markets be moving higher? >> they should be moving higher. i've been consistent on the show saying. that i see no reason for the market to stop this rally. it's just like a vacuum cleaner. sucks in money from every source and keeps moving higher. yes as a money manager, i would be nervous in the sense, you're not going to get out at the top. it doesn't matter, so many safeguards, you're not going to have a 1987 again. enjoy the run. on breaks, the market is bought because earnings look good and we're in a quarter that traditionally does well. i don't see what's going stop this market at this point. >> let's talk about oil. luka at the nymex. luka, more has been taken out of inventories which is a good proxy for the economy, is it not? more people using oil means that the engines of the economy are moving along nicely. is t

this is the ibm cloud. the ibm cloud is the cloud for business. yours. ♪ ♪ exchange." i'm sara eisen here with dom chu. 2 1/2 hours to go before we get the september jobs report. just a check on futures. dow futures are up again, up 10 points nasdaq up 9. s&p is flat. john manley joins us joe kernen was reflecting on the incredible string of record highs we've seen this year just when you think that stocks are fully valued, or the cycle looks to be coming to an end, we get another burst of strength. >> things are good earnings expectations are going up, the fed won't rein things in i've heard people wine about hit numbers for years. numbers are going up >> interesting in the point of these record streaks that we've seen, they're not like the dow is pumping up 300, 400 points a day to set records it's moving higher by 20, 30, 50 points at a time some say this is not the market you buy low and sell high, you buy high and sell higher is that still the case >> it's late to buy low. >> i guess it is >> you buy high and sell higher. when the fundamentals are working in the r

you forjing cao, thank joining us, with a preview of ibm earnings. it is time for our stock of the hour and the shares of harley davidson all over the map, and we will break it down with abigail doolittle. is that earnings shares higher today? abigail: they were lower in the premarket so they reversed losses and there is not really knowing what to make of this earnings b.some are saying it is not that high and they had to lower the share count, lower the tax rates and that is why they beat. also, they said we are going to keep the inventories to where they are expecting for the fourth quarter growth of 10%. this matters. if we look at the secular trend in the bloomberg, we see shipments for the u.s. and orange absolutely plunging, down 25% this year, so they are looking for a recovery. a piece of this secular decline for motorcycle shipments and business, apparently millennials do not like to ride motorcycles. a bigger pressure could be the fact there is a number for next year to percent. whether or not they can hit the negative comps, but today coul

ibm out with their earnings, the best reaction to the earnings report from ibm going all the way back to january of 2009 when it reported a fourth-quarter 2008 numbers. of the company predicting that sales will be growing and it will be coming from the legacy hardware business -- business, rather than cloud and data, the new services. unitedhealth group rising. earnings continuing into the upward momentum. goldman sachs bouncing back after it fell in response to earnings yesterday. and we are looking at financial movers, the financial industry movers.northern trust coming out with numbers that beat estimates. now looking at cutting the about $250 rate, million in savings by 2020. shares higher good interactive brokers -- and interactive brokers group in their estimates. pg --e want to group from for two point $3 billion -- shares are up 4%. mark: 5% below our record that we set in april 2015, 2.5 years ago. black monday, the stock 600 falling. it was at a record. but we are up today, the highest level since june 19. busy day for corporate. dutch down by 1.9%, the company exporting cap

ibm is about 2/3 of the reason. we're getting into the particulars now with the dow comfortably over 23,000 and then some. we'll monitor what is leading that. suffice it to say better-than-expected earnings companies that are doing better than we thought, even in the case better than we thought, not doing as poorly as we thought. that is really what that comes down to. we're waiting my anyone for announcement of nfl owners, representatives of players union on any middle ground, if there is any middle ground. this thing is 45 minutes behind schedule. i don't know what that means. connell mcshane in new york on what it could mean. what do you think? reporter: we never got a firm time on this. the letter was 12:15ish. they had a separate meeting, players, owners at different location here in new york before the whole group of 32 nfl owners came here to lower manhattan to begin their meeting and that get together with the players went alot longer than expected. that was the storyline of yesterday. they said it was good

>> ibm got this move where you go from bad to being not so bad. the question is can they keep the software momentum going into the fourth quarter the transaction processing was a bright spot. they've had a couple of quarters now in a row of sequential growth it's a much, much better story i wouldn't chase this kind of a move on ibm. >> ibm was one of my final trades last week yeah, i have to put my money where my mouth is. >> and pat yourself on the back. >> exactly i'll pull a muscle doing that. i do think it's a turnaround the fact that ultimately once they can start to monetize watson, once they're doing a lot in the blockchain space, obviously i like that. i think ibm is one of those companies that might be misunderstood at this point in time i would buy it >> catch the full interview with jim cramer on "mad money," top nt,in tr 60. upex falrades. to buy or sell?be time with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. ♪ c

, dupont those are some of the best caterpillar up about 16% ibm 11% dow dupont 10% and intel boeing pfizer up about 9% since that time. overall though, 2017 has been a great year. look at the standouts, nvidia which helps to bring the nasdac to be up about 85% and te sla and boeing up more than 60 % and also facebook 53% so its been a great year, liz, and the traders still think that the path of least resistance is to the upside, so we have all these and this was down 23,000 but they just come off the printing presses at least thanks to peter behind us and look, there is 18,000 and the dow 10,000 i mean we'll just make more if it goes higher. >> liz: they become like ebay souvenirs good to see you nicole president trump calling out democrats for standing in the way of lower taxes for middle class americans. roll tape. >> president trump: and the problem is we have no democrats. we have absolutely no democrat votes. >> have you tried? >> president trump: we've tried. they're in a block they have 48 votes and they want to obstruct. >> liz: former speaker of the house newt gingrich not

at ibm headquarters in new york, 11:00 a.m. on wall street and "squawk alley" is live >>> good wednesday morning, welcome to "squawk alley" i'm carl quintanilla markets having another good day. record highs across the board. dow up 135, s&p 2561 on the back not just upgrades blue chip merck best day on a percentage basis and several years as a busy earnings season rolls on. >> and right now at this hour, alibaba backed qudian largest provider in china making its debut here at the new york stock exchange stocks surging at the open this morning. up about almost 40%. up near 39%. for more we're joined by qudian founder and ceo min luo. congratulations. you own about 60% of the country, so that makes you a billionaire, i believe biggest listing in china i'm interested in the business you're in providing these small dollar amount loans for people we've seep this in the u.s. with companies, why is this so important for the chinese consumer right now >> thank you thank you for the question actually in china it's really different from

should we take a look at ibm real quick. ibm m and check out the stock yesterday. one of the reasons the dow industrials hit 23,000 -- i wanted to mention that, is this a turning point for ibm? mike: i don't think so. so much of the volume is alga -- trading. that seems like a short squeeze. maria: ibm, ge stocks that we want to look today. brian, good to see you, thank you. the fight is growing over catalonia's speech for independence. how the spanish government is trying to stop the succession. more video of scary fly-by that two passengers at risk. we will tell you about it. straight in a minute alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it come

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this is the ibm cloud. the ibm cloud is the cloud for business. yours. ♪ ♪ you myour joints...thing for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. >>> all right. welcome back a new battle over stock buybacks is breaking out today led by consumer advocate ralph nader. he's with us on the "newsline. mr. nader, welcome to "halftime. good to have you on today. >> thanks, scott. >> you say buybacks are the monsters of economic waste, not to benefit shareholders, that the real motivation was to increa increase ceo pay where does that position come from >> well, there have been $7 trillion that these corporations have spent which belongs to the shareholders, just buying back their stocks, and in order to meet certain contrived pay performance for their executive suite. so it's basically for their own pay i

the ibm cloud. the cloud that's designed for your data. ai ready. secure to the core. the ibm cloud is the cloud for business. yours. your kids go to college and you start trading. >>yeah, 5 years already. 5 years, hmm. you ever call your broker for help? >>once, when volatility spiked... and? >>by the time they got me an answer, it was too late. td ameritrade's elite service team can handle your toughest questions right away- with volatility, it's all about your risk distribution. good to know. >>thanks, mike. we got your back kate. >>does he do that all the time? oh yeah, sometimes he pops out of the couch. help from real traders. only with td ameritrade. >>> it is time for "trading nation" and today let's trade ibm, set to report numbers after the close. dennis with harvest volatility management max wolf with disruptive technology advisers. max wolf, 21 consecutive quarters of declining revenue growth, stock down 12% in a massive bull market. is stl any turn yararound in si for ibm and its investers? >> there probably is, right? ibm has been doing the right things,

they like ibm, and they don't like -- >> likes ibm, likes gm >> how about ge? anything there >> no. no, we're going to hear tomorrow from ge. and we will also have an exclusive interview with the company's new chairman and ceo, john flannery, as well >> i'll be sure to watch that. >> i'm glad. >> all right, really quick, as we hear more about these initiatives to reduce the number of research centers, journal today is raising the specter of thousands of layoffs is that legion thing, the dividend is -- >> speaking of november. you've got david's interview tomorrow maybe it kind of preps you for something that could be a change in the way that they actually report i hear their going to start using industrial reporting, the way all the industrials do and that could make the company look not as good as it has looked, under the previous ceo >> i also think that it will be -- i personally think it will be correct to trim the dividend, because i want growth. >> right >> and i don't want companies to sit there and buy back stock and trim now, one of the things i liked about martin schroeder

ibm is sort of fighting at the level. that is what makes it successful -- susceptible to another down take. the trade would highlight that. julie: the trade you are looking at is a straight up buying twist. that said, it is not looking for that much downside. steve: what i'm thinking here is it may fall 4% from current levels. that is about 1.41. you do not really want to buy that put if you think that is where it is going. you want to buy something that way.ong the i am thinking the $145 gives you a bit of leverage, as you can see from the graphic. if the stock would decline to $141 level, well if it doesn't you would have risked. much. we will see if that pattern continues. julie: one way to play earnings. we should mention the company is out with its earnings later this month. steve: i believe the 17th. julie: thank you. good to talk to you. back to you ladies. scarlet: thank you. we have a headline here. a storm aid bill with floods in puerto rico goes to the senate. julia: we will be discussing it. from new york, thi

this is the ibm cloud. the ibm cloud is the cloud for business. yours. ♪ ♪ >>> welcome back to "worldwide exchange." let's get you up to speed on the market action. futures are marginally higher. another record day on wall street even though we logged the slightest of gains we saw intraday highs. let's look at the price of oil higher today, getting headlines overseas about the saudi arabian king making some comments with russian prime minister vladimir putin, both say they may be looking in to upholding those production cuts into the end of 2018, as opposed to ending them in march wti holding above $50 a barrel >> new details emerging on the mass shooting in las vegas we have insight from the gunman's girlfriend and more details from police as to how the massacre unravelled. jay gray joins us now with more from las vegas good morning to you. >> good morning. look, as investigators work to piece together a time line of the gunman's life before the attack, for the first time police are now suggesting at some point he may have had some help >> ke

you chose ge, signs of life for ibm in almost nine years so would you rather ge or ibm for the next year? >> general electric. >> phil. >> general lek ring. >> signs of life here. >> no question about it, i will say this, this is one quarter, this is 22 straight quarters of revenue growth going the wrong way, people are making a quantum leap that ibm has made the transition they made maybe it this quarter, i'm not satisfied though, one quarter is not a trend make, folks, just pointing that out. would you rather rather come back here in a year and i say ge. >> would you rather -- >> there's only two. >> it's fine, it's fine. we'll let that go. tim, quickly, on yours, nike or ibm for one year >> look, the movement in imb today is your classic move you get the biggest move when things go from bad to not good i think that's what we got in the numbers that came out. absolutely nike again, world class company, world class management they're doing fine the adidas trade is yesterday's trade, relative value. >> thank you for playing along, i will see you both tonight at 5:00 on fast, meantime, do

5100 it's helping a lot of different people do their work more productively >> ibm shares have helped investors reap productive gains. and there's something in the charts that's pointing to an even bigger rally. we'll tell you how to cash in. >>> plus this one group of stocks that seems poised for a breakout when it reports earnings next week here's a hint.

the ladders there, ibm and ge. if you go through some of these industrial earnings, north america was a bright spot, certainly for construction in those caterpillar results. china was another big theme. and europe as well >> there really wasn't a weak region around the world, and i do think that that's been part of the story that's accompanied this stock market rally most of the year this idea of a very broad-based global expansion and i do think these numbers ratify that. and i do think it really stole a lot of the intention i don't want to downplay that this market has obviously been very strong, but there's a little bit of dow blindness that's possible here basically, it's a slightly better than flat day for the broad indexes which in itself is a good thing during earnings season just to hold its own. >> i also want to welcome jana barton, eaton vance portfolio manager. i neglected to introduce you thank you for joining us what did you make of some of these industrial earnings we saw and the amazing record high

. >>> after ibm jumps at least 8% in one day, the bullish move tends to continue. according to our data partners at kensho, two weeks later big blue is up 5.5% and tech is up 1.6% this is a period where the s&p is up slightly for more go to cnbc.com/kensho >>> we're back on "halftime. nike downgraded at goldman sachs today. the firm pointing to inventory overhang and overseas weakness it's our call of the day it's to neutral, but just another firm that's casting some doubt on where this company's stock can go in the months ahead. price target stays though at $54. what do we think >> i don't know. i think it's indicative of what seaton was talking about last week basically someone walks in the analyst's office and say, hey, you've got this rating on it and you've got this price target, it's not going anywhere near that, why do you still have it >> the price target's the same. >> but you take away the buy rating, now it's at a neutral and it's basically been a yawn i don't see anything actionable in what they did. >> 3% up move doesn't justify. >> so down 9% in three

number 1, ibm. shares rallying by time. best gain for ibm in about anybody years. you can think about gains in hard artificial intelligence. number 2, highlight it. tax reform, this is what the market is waiting for. the president says we're getting tax reform by christmas. what a major boon that would be for the middle class and corporate america. it's one of the reasons that since election day, the markets up over 25%. so we asked regular people here on the street, outside the new york stocks exchange, if that uptick makes them nervous. >> more jobs, more revenues, more income for people. more raises. >> 23,000? does that worry you? the markets come up so much. >> yes and no. i worry because my 401(k) could fluctuate. i worry because my job may be on the line. >> would you buy stocks at these crazy high levels? >> no. >> why not? >> the person that advises me tells me not to. >> you don't fear a crash or a sell-off or anything happening? >> there might be a correction soon. >> invest in the stock market? >> no. >> why not? >> i don't know how to do it. >> you kno

much like what we saw from ibm today after the bell. for the rest of the week we'll watch for the other dow components. american express, procter & gamble, ge, not a dow component but ebay, too. people are feeling optimistic. liz: you are in the thick of the action. good to see you. >> you, too. >> remember the media's dire prediction on election night that the markets faced catastrophic collapse the next day. >> markets around the world are in turmoil over trump's astonishing victory. >> u.s. stock markets will open but the global markets were very quick to respond to donald trump's defeat of hillary clinton sinking in anticipation of a trump presidency. >> global investors expected and wanted a hillary clinton presidency, they didn't get it. now you see volatility guys. liz: with me now is economist and author of the capitalist code, it can save your life and make you very rich. look who's here. economist ben stein. good to see you. >> honored as always. liz: ben, katy bar the door, get your wallet, head for the basement, doomsday sce

rob, so it, at ibm, you've got some massive processing capabilities. you've got some amazing technology and thinking around these issues. where do you siee -- coming dow on some of these matters and how do you make it work? how do you make it work effectively? because there is a lot of buzz around the technology but there's also -- [ no audio ] what are your thoughts on all this? and not to put you on the spot, but you see the real animation coming out of uncle sam or out of the private sector? >> i'll come back to that question. but perhaps to answer your question by -- [ inaudible ] >> first of all, i think not withstanding everything else, ai, and certainly, you might hear from some of the celebrities who like to weigh in on this topic. the purpose of ai is not, our current focus on ai is not about replicating the human mind, not in an entirety, not in a general sense. its purpose primarily is around what i call augment ng the human mind and amplifying the [ no audio ] >> that allows the information coming in. we're seeing in the field to be distill

this is the ibm cloud. the ibm cloud is the cloud for business. yours. ♪ ♪ maria: oracle ceo mark hurd in an exclusive sit-down. mark hurd: i still believe the u.s. is doing okay. i think prongs in the u.s., people are investing in the u.s. i think it attitude is relatively favorable in the u.s. and that's not meant to be a political statement of any type, just my observation of talking to my peers across various industries. i would say europe, it's a bit of the same. which is gdp growth is what it is. in most of of our larger western european markets it's 2% to 4%. in europe it's traditionally been significant spenders on technology. and it doesn't mean people aren't investing, but they are thoughtful and cautious about the prongs they invested. i think that's one of the reasons why this whole movement the cloud has gained the traction it has it's an opportunity for the customer to change the game in the context of the innovation they can get, the change in the biz model and the opportunity to lower their costs. the fact that we are bringing

ibm will reimburse some of the cost for surrogates and children with special needs. the company said it's always looking for ways to help parents balance family and work. >>> three engineers at uber are suing uber. they claim the company pays women and people of color less than their peers. the engineers, who are all- female and latino, say uber promotes more men, caucasians and asians than other employees. they also claim uber uses an employee ranking system not based on reliable or valid performance measures. uber is not publicly commenting on the lawsuit but does say last july it adjusted salaries to give minorities and women equal pay. >>>'s outrage and one neighborhood after a party at a rental home ended with gunfire. we will tell you what neighbors are demanding from city leaders. >>> a scam warning is issued to napa county residents affected by the wildfires. there are reports of fraudulent federal emergency management agency application being filed by identity thieves. [ music playing ] >> i knew they were going to play that. >> that's fats domino. >> he had

unusual today, a big move in ibm and, of course. board --arnings, a while -- upwards. we have not seen a positive stock reaction, even when the numbers beat estimates and again we see today is the biggest one-day gain post earnings for ibm since a report of the fourth quarter of 2008 and january of 2009. this after the tech giant predicted a gain in sales for the first time in quite a wild. -- while. use to slowing growth but now a 1.5% increase year-over-year in this quarter's revenue. elsewhere, we are looking at banks, they are the best performing groups with financials more broadly and the best performing group in the s&p 500, big banks like wells fargo and citigroup and bank of america doing well as we see the 10 year yield balance, up four basis points. another type of rate or currency is bitcoin which is tumbling for the second straight day, down 6% . there may be increased regulatory scrutiny of the currency. the cftc published a primer on bitcoin and said the virtual tokens used in coin offerings initially can come under oversight from them. there have been co

ibm does by reporting its 22nd order of declining revenue. investors after the company topped earnings expectations. stock up for by 5%. more on the outlook for the rest of the year. the dow component double left a lot of votes. players and fans left stunned after gordon hayward goes down but they gruesome leg injury into his boston celtics career. the nba season coming up this morning. conversation continues at the nfl. by the league is refusing to close the door and players kneeling during the national anthem. stories coming up in turning to talk about it, see fra investment strategist lindsay doll. global ambassador on fox news contributor, john lakefield is at best. chrysler ceo, home depot ceo bob nardelli. >> great to be with you. a lot of news. maria: a lot to talk about this morning. >> great to be here. maria: writer >> dab in the middle of earnings season. is it looking better than expected? the estimate was for% profit growth. >> now we're at 322% which is better than we thought, so moving and the right direction. 70% of companies

ibm is pretty much prep people for another decline this quarter. i think management believes if they deliver another decline the stock could rally as long as they show nice growth in margins and revenues i have to disagree, i think ibm is mistaken if it believes wall street won't base a rev few growth quarter after quarter even if they've told us it will happen while we're on the subject of revenue growth, a company called lam research you probably seen that i have to pro mote a stock this is a cramer fave semiconductor stock which i've challenged for years last time around on the stock it got hammered after the lam reported tremendous earnings, it was a total head scratcher at the time we said forget about it, the stock's action is wrong, buy it i'm glad we did. stockee had a fabulous rally since then that said, i expect the same pattern to repeat its. lam will give you good numbers and jockers will sell it and i'll tell you to buy it again. >>> this stock has become a market darling, i expect good numbers but the stock's anticipated a strong quar

, that's the one i like, ibm. >> really? >> have you ever seen a show -- great to have you here >> oh, it's a pleasure >> did you ever see the show "three's company"? >> jack ritter >> always having a few cocktails, buzzed, mr. roper that makes me think of roper industries check that out, it's on fire >> that does it for us here on "fast money. catch you back on monday don't move, "options action" starts right after thibrk.s ea t-mobile's unlimited now includes netflix on us. that's right. netflix on us. get 4 unlimited lines for just $40 bucks each. taxes and fees included. and now netflix included. directv has been rated #1 in customer satisfaction over cable for 17 years running. but some people still like cable. just like some people like banging their head on a low ceiling. drinking spoiled milk. camping in poison ivy. getting a papercut. and having their arm trapped in a vending machine. but for everyone else, there's directv. for #1 rated customer satisfaction over cable switch to directv. call 1-800-directv. >>> we'r

they're doing that, here's what's coming up >>> you're looking at a small portable computer called the ibm 5100 it's helping a lot of different people do their work more productively >> and ibm shares have helped investors reap productive gains. and it's pointing to an even bigger rally we'll tell you how to cash in. >>> plus one group of stocks seems poised for a breakout next week here's a hint.

the ibm cloud is the cloud for business. yours. right in the heart of the was in his financial crisis, and saw his portfolio drop by double digits. it really scared him out of the markets. his advisor ran the numbers and showed that he wouldn't be able to retire until he was 68. the client realized, "i need to get back into the markets- i need to get back on track with my plan." the financial advisor was able to work with this client. he's now on track to retire when he's 65. having someone coach you through it is really the value of a financial advisor. >> neil: all right. the good news we're hearing is that u.s.-backed forces are liberating a isis strong hold in syria. the bad news, that doesn't mean the fight against tearer is over. who would know that more, the man that shot osama bin laden, rob o'neal. great to have you here. >> great to be here. i try to keep a positive outlook. there's enough negativity out there. >> neil: let's get a sense of what we're hearing. this would be a major achievement and why. >> they were

. >>> ibm is improving its parental leave benefits. they are trying to attract top applicants and keep prize employees. the company is extending its maternal leave from 14 weeks of paid leave to 20 weeks. ibm is also doubling the amount of paid leave to 12 weeks for new father's, partners and parents who are adopting. ibm will reimburse some of the costs for surrogates and special needs children. the company said it's looking for ways to help parents balance family with work. >>> three engineers at uber are suing uber. they claim it pays women and people of color less than their peers. the engineers who are all female and latina say a uber promotes more men, whites and asians than other employees. they also claim uber uses and employee ranking system that is not based on reliable or valid performance measures. uber is not publicly commenting on the lawsuit but does say last july it adjusted salaries to give minorities and women equal pay. >>> a scam warning is issued to napa county residents affected by the fires. there are reports of