in twenty thirteen we got an order to deliver seven high speed valero type trains to do three hundred kilometers an hour between. this keesha here. in april of this year we got a follow up order for ten more of these trains that by the end they're under construction now what do you think it's it it's about. it's not only big german corporations that have business ties to turkey so do medium sized companies entrepreneur blend was in there from braman installs business software for instance for parking garage operators he employs one hundred twenty i.t. specialists in braman and istanbul. apart from that we do a lot here in software development and software selection process is. we have various projects with which we ultimately help the company make its processes more efficient and save money. among his customers are high tech companies across germany they include braman based space company oh-h. b. which builds satellites it's just opened up an office in on korea. to lead was in there sees the economic crisis in turkey as a good opportunity for investment. you can invest and cyclically

in twenty thirteen we got an order to deliver seven high speed valero type trains you to do three hundred kilometers an hour between. in this case here. in april of this year we got a follow up order for ten more of these drains and they're under construction now what do you say we can fix it it's a ball. it's not only big german corporations that have business ties to turkey so do medium sized companies entrepreneur blend was in there from braman installs business software for instance for parking garage operators he employs one hundred twenty i.t. specialists in braman and istanbul and. thousands of you apart from that we do a lot here and software development and software selection process is. we have various projects with which we ultimately help the company make its own process is more efficient and save money. among his customers are high tech companies across germany they include braman based space company oh-h. b. which builds satellites it's just opened up an office and i'm korea. to lead was in there says the economic crisis in turkey as a good opportunity for investment. commun

san antonio's valero energy is the winner. stay with cramer. ♪ 'cause you make me feel so right ♪ ♪ even if it's so wrong ♪ i wanna scream out loud ♪ boy, but i just bite my tongue ♪ ♪ this one's for the girls messin' with boys ♪ ♪ like he's the melody and she's background noise ♪ [ volume decreases ] thanks, mom! have fun! you too. ♪ ♪ >>> it is time. it's time for the "lightning round" on cramer's "mad money." rapid-fire calls. you say the name of the stock, i tell you whether to buy or sell. my staff prepares the graphics. play until this sound and then the "lightning round" is over. are you ready? time for the "lightning round" on cramer's "mad money." elizabeth in florida. elizabeth. >> caller: hey, cramer. i've got a real question for you. >> fire away. >> caller: costco versus price mart. >> easy, costco would be the one. pull the trigger just today. cost. let's go to al in georgia. al? >> caller: boo-yah, jim. >> boo-yah, al. go ahead, al. >> caller: w.w.w. >> we have liked it ever since we did

, unlike last night's basketball game, valero wins. i like burger king too, but if i had to pick one stock here, i'd go with valero, no questions asked. >>> let's go to joe in missouri, please. joe? >> hi, jim, first-time caller. >> excellent. >> caller: my wife is from colombia so we bought some in the mid-50s. i believe it's the largest company in colombia and pays a high annual dividend. it's down from the mid-60s to the mid-40s and i guess i want to know, do i buy some more at this point? >> no, that's a dicey one. always reminds me of southern oil company, which is the oil company in wages of fear. i think it's in a very tough area. and i don't necessarily want that risk when i own an oil company. i would prefer total which i think is operating better. walter in texas, please, walter? >> caller: yeah, jim. boo-yahs from cowboy country. several months back, you gave a good presentation on national oil well, where are you at now? >> oh, i love them. i think this is a leading technology company, it is absolutely best of breed. they a

that should help valero. so i want long exposure. but i also heard that they've been sideways since the end of 2008. there's a great options strategy to do exactly what we want. that's a risk reversal. again in valero, i like buying the june 27 call for $1.10, financing it by selling the june 22 put for $1.10. i'm out no net money on this. but i have long exposure, long valero. if it's above $27 or below $22. but i like this because there's this huge margin of earning. if valero's not out of that range by june, then it's no harm, no foul. >> catch more "options action" on fridays on cnbc. next on "fast," the tratders answer your tweets. we'll also get the latest from the coinstar conference call. people with a machine. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. th

refiner valero. its shares, which have run up on takeover speculation, tumbled nearly 8% after reliance industries, an india-based firm, denied it had any interest in buying valero. valero will report quarterly results tomorrow. another weak group in the s&p 500? materials, led by steel stocks. a.k. steel and u.s. steel each fell 9%, while allegheny technology ended off 7.5%. this sector has been under pressure lately and blames it on china's currency policies. over in the tech sector, yahoo slid 5.5%. the company said it's considering selling its asian assets rather than finding a buyer for all of yahoo. it would redistribute that money to shareholders. two japanese auto giants got caught up in the selling. honda plans to stall production at its north american plants by 50% due to parts shortages caused by flooding in thailand. that flooding also affected toyota, which may cut overtime for production in north america through the end of this week. and that's tonight's "market focus." it's one of the

. >> i will disagree with guy because i don't know much about valero. i think we are in a market where you see the underlying commodity move the way it did and this stock move that way i don't know why you have to try to be a hero. >> two buys, one sell. he is really sad. go vote at cnbc fast money. we will reveal results later in the show. 78% so far say no. >>> the bit coin horror show continues as the crypto crashed below 5,000. can anything stop the bleeding more fast money still ahead. do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. about medicare and 65, ysupplemental insurance. medicare is great, but it doesn't cover every

valero is one of those refiners benefiting from the increase in u.s. oil production, allowing it to use cheaper north american petroleum instead of importing more expensive oil. shares shot up 12.8% as volume more than tripled. the switch to lighter u.s. crude oil allowed valero to earn more than $12 per barrel of oil it processed, more than double a year ago. fellow refiner hess was up 9% to an 18-month high, continuing the rally sparked yesterday as the company announced plans to spin off its refining business to focus on exploration and production. an activist investor is pushing for even more spin-offs at hess. drug maker pfizer helped the health care sector move up today even as it continues to see sales hurt by generic drug competition. pfizer earned 47 cents per share. while down from a year ago, it was a better result than what was expected. generic versions of its cholesterol-lowering drug lipitor continued to pressure overall sales. but traders and investors were encouraged that pfizer's pipeline of new medicines will help expand sales in the

and resulted in valero being fined. in response to the lawsuit p-g-and-e says a third=party firm is reviewing the outage. (vicki) happening now... the count down has begun and all systems are go for independence day fireworks shows across the bay area. among the shows we'll be bringing to you tomorrow night is the one from downtown san jose. kron four's rob fladeboe is live with more on what we can expect. rob? (rob live) i'm here at the children's discovery museum amid what can can only be described as the launch pad for the big show. they are empty now, but by this time tomorrow, these 400 mortars will be loaded and ready for liftoff. sot highlights from 2016 fireworks showif you thought last year's annual rotary club fireworks show was awesome, wait tillthis year says pyro spectacular's dan moy, who will be at the controls.sot dan moy/pyro spectacular operator"...they will not be disappointed, it's going to be a wonderful show, we had a great show last year and we're going to do it again this year..."the pyro spectac

quickly on your stock pick i see valero i see salesforce everything's been tough. >> the balance of growth and value here growth stocks tend to perform well during periods of slowing economic growth, which is what you expect we're not talking about conceptual companies these are solid companies like salesforce and cloud computing and we like energy, tight supply demand still isn't back at 2019 levels valero tend to benefit as more barrels come out of the ground and also the spr reserve should expire in october. all that is positive for energy. >> it is shockingly high, astronomically high in a name in that space thank you for your time. appreciate it. >>> meantime, nato leaders are in spain for one of the most consequential meeting in their 79-year history. it's already having a major impact on global defense spending look at lockheed and raytheon, significantly out performing the market northrup is up almost 20%. kayla. >> reporter: kelly, allied countries are bolstering their defenses against russia, which they've now officially declared as the most significant threat to the transatlanti

valero is one of those refiners benefiting from the increase in u.s. oil production, allowing it to use cheaper north american petroleum instead of importing more expensive oil. shares shot up 12.8% as volume more than tripled. the switch to lighter u.s. crude oil allowed valero to earn more than $12 per barrel of oil it processed, more than double a year ago. fellow refiner hess was up 9% to an 18-month high, continuing the rally sparked yesterday as the company announced plans to spin off its refining business to focus on exploration and production. an activist investor is pushing for even more spin-offs at hess. drug maker pfizer helped the health care sector move up today even as it continues to see sales hurt by generic drug competition. pfizer earned 47 cents per share. while down from a year ago, it was a better result than what was expected. generic versions of its cholesterol-lowering drug lipitor continued to pressure overall sales. but traders and investors were encouraged that pfizer's pipeline of new medicines will help expand sales in the

and you guys voted for valero. sorry, the winner's still rig. >> wait a second -- hold on -- >> they're the tie breaker. everybody's equal. you are equal to the viewers out there, guy. >> you know what, given the choice, i'd rather be equal with the viewers because that's how i roll, mel. >> buddy, you've got a little something on your nose right there. clean that up. >> to say the full bracket of all the stocks in play, log on to fastmoney@cnbc.com and you can get in on the action by tweeting us at cnbc.com/fastmoney. there'll never be a tie once again because you out there are the fifth trader. >> it's nice, mel. >> yeah, it is. >> you out there. you, by the way, a female deer. guy, how are you doing? >> trading your tweets, find out which ones made today's "fast money" cuts. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to

i also want to talk about valero energy. people are very wary about energy as we see oil heading down into the 80 handle. what is your reason for liking valero energy? >> david, you're absolutely right about energy stocks. it's a tale of two different talks. valero is benefiting from the differential between wti and brent. as you know there was $14 spread between wti and brent towards the end of last year and refining company buys cheaper wti and refines it and sells at more expensive brand. it takes advantage of that spread. valero is really well-positioned to do that. that is one reason why they're expected to actually do well. they have a 91-cent smart estimate. that is our proprietary estimate they come up with is far above the consensus. how do we come up with the consensus with the smart estimate? we take best analysts more recent estimates put more weight on those. we have a high level of confidence that valero is likely to beat when they report earnings this quarter. you're putting a lot of confidence in analysts. th

in twenty thirteen we got an order to deliver seven high speed valero type trains to do three hundred kilometers an hour between kanya discussion here. in april of this year we got a follow up order for ten more of these trains and they are under construction now what do you think is it it's a ball. it's not only big german corporations that have business ties to turkey so do medium sized companies entrepreneur blend was in there from braman installs business software for instance for parking garage operators he employs one hundred twenty i.t. specialists in braman and istanbul. apart from that we do a lot here in software development and software selection process is. we have various projects with which we ultimately help the company make its processes more efficient and save money. isn't there moved with his family to brain when he was a child he studied economics and worked for consulting companies before setting up his own business. he comes from a humble background his father was a welder in a shipyard his mother was a housewife. and i consider myself a northern german that's how

it happened here at this valero station in walnut creek very early yesterday morning. it was six armed masked men that broke into this gas station here on ygnacio valley road at 3:30 a.m. police say they stole cash, drinks and cigarettes. then one of the robbers fired a gun at a customer who was pumping gas outside. police think this most reese isn't robbery may be connected to an attempted robbery 24 hours earlier. three masked hooded men busted into a 7-eleven in pleasant hill or morello avenue but in that case the clerk locked himself in the restroom and then tripped a silent alarm. the robbers just ended up walking out and they didn't take anything with them. the only clue police have right now is that they left that first robbery that i mentioned in a dark colored volkswagen. we have also heard of several similar robberies at other location in the east bay like antioch and it appears right now that all these law enforcement agencies are trying to get together to work on catching these guys. grace and frank? >> thank you, anne makovec in walnut creek. >>> a new pro

in his classmates participated in the contest in one best design, which is now being built at this valero facilities. so that either door they go through this tube here is 12 made as long as they hype. we use it to try a different hyperlink models in low pressure and as a perfume that we can obtain different pressure levels with an electric at home with. and then we also have solar panels on top and out here with these panels, we generate the energy that's needed to keep the pressure low to lay rolison. other companies are trying to create a mode of transportation ideal for distances between 41500 kilometers. one, be sanitized team are developing the model in spain, but other countries could profit much more to see of, of without pre advanced infrastructure. the thing is that you need to have a molar gate, the technical specifications. i strongly believe that europe is good march. now you see others where the infrastructure is done. it plays yet. and you see dubai. you see india where infrastructure, good be good, but is anti great. i believe the regions and yoga piece is going to take pl

marathon, phillips 66, valero all moving on this. i want to point out valero because they also got hit by an explosion over the weekend in venezuela sending that stock. this is as we watch the oil sector. oil is lower today on expectations that we might release oil out of the strategic oil reserve. ashley: the sun is out now i think where cheryl casone is. she's in flushing meadows park in new york. cheryl? cheryl: we are watching some great ten us in right now. -- we are watching great tennis right now. you are looking at a big screen. all the fans can enjoy the experience, as long as it is not raining. one of the things panasonic tried to do at the u.s. open was to increase the number of tv screens. who is putting up all the big screens that you are seeing? that would be jim doyle from panasonic, president of eco solutions. pretty impressive. >> we are very excited to be here. cheryl: you are powering all of the television screens around us, but you put more in this year. why? >> yes, this has been a three-year project. we put ever

. >> another firefighter who you see there, anthony valero, was also seriously hurt in the fire. he's 53 years old, also a paramedic. he's still in critical condition this morning at san francisco general with severe burns and his lungs are damaged from all of the smoke. >>> years ago, another san francisco firefighter survived similar injuries. melanie sapper was caught in a fire back in 1995. the oxygen was so hot that it burned her lungs. she was also burned over 40% of her body and suffered brain damage that caused partial blindness. sapper says since thursday, she has not stopped thinking about firefighter anthony valero. >> i always like to let them know that i do have empathy and there is somebody there who totally understands what it's like, understands what it's like to be there. >> and survive. >> yeah. you know, it's a long haul. it's a long haul for people around me, too. >> she spent nearly three months on life support, but she was finally released from the hospital after four months. then she had to undergo speech therapy and relearn simple things like getting into

my question is about valero energy. with a healthy dividend, surprisingly it is trading at a 52-week low. investors are looking for yield wherever they can get it. what's your take on valero? >> if i want yield, i'll to go at&t or verizon. the reason i don't want to go to valero, i think the margins for refiners are coming down. we told a golden age and i think that age is over. martha in florida. martha. >> caller: many cramer, thank you for taking my call. >> of course. >> caller: several years ago, a friend recommended that i invest in the blackstone and i did. i'm not sure whether to stay with this investment and i would appreciate your thoughts. >> i think it is in a cyclical downturn. i think steve schwartzman will do a good job. they don't have a good ipo market. so right now the yield is not that good and i do think that the stock has been under a lot of pressure. i think that will pass and it is a good time to buy. not to sell. eric in montana. >> caller: hi, mr. kraim, he boo-ya. what are your thoughts on expe

the trading was fueled by press reports valero may be a buyout target. after the bell, internet traffic-measuring firm akamai turned in profits one penny better than estimates. the firm's outlook was optimistic for the first time in several quarters. it has been a difficult year for akamai shareholders. through today's session, the stock has lost half its value since january. but after its upbeat forecast tonight, shares jumped $3 from today's closing price. if that buying holds, it would take the stock to its highest price since the july selloff. updating different kind of internet firm, amazon. volume more than tripled as shares fell almost 13%. disappointing earnings and outlook last night sent the stock below $200 per share for the first time since mid-august. and that's tonight's "market focus." >> tom: arrogance has led to debt crisis in europe and the occupy wall street movement here in the u.s. that's the contention of tonight's "street critique" guest. he's michael farr, president of investment firm farr, miller and washington and author of "the

charley hoffman, champion at the valero texas open. there's the lineup tonight here on cbs. for all of us here at cbs sports, thanks for being with us. country in san antonio. presidential nomination runs a new cbs poll shows the frontrunners ahead in key races. also tonight a tremendous fire near phoenix as fire weather warnings continue in large parts of the southwest. . >> emotional fairwell to prirns. from the bells of his hometown to bruce springsteen's tribute. purple rain, purple rain. >> glor: an a plane powered by the sun flies into california on the wings of captioning sponsored by cbs this is the "cbs evening news." >> glor: good evening, i'm jeff glor. we'll have the latest on campaign 2016 in a moment. but we begin with breaking news from germany where president obama ask set to announce the u.s. is significantly increasing its military presence in syria. margaret brennan is traveling with the president tonight. margaret? >> reporter: tomorrow the u.s. is sending up to 250 million tear personnel to syria to join local forces fighting isis, bringing the total num

you look at the move to valero, and valero within a whisper and reverse and we've seen that before. the wit spread works in the favor and there is gasoline in a weaker economy. the refiners generally speaking still work in this environment. >> i'll tell you something interesting. i'm not in depth refiners but one of the big data points we got with q 2 earnings is continental's call and pioneer, harold ham is plugged in continental said he expects the wti, the crude oil ban here, export ban to be lifted this fall and said there has never been this much momentum in congress. you'll get a vote in both sides, the house and senate this fall and that's lifted. if that happens, that spread gets decimated and refiners get absolutely smoked. >> if that spread, if that actually happens, though, that will alleviate the glut and be better for the names in your own coverage universal. are you recommending stocks based on that happening or too early? harold is a smart guy but a lot of people are saying this will be lifted for a long time. >> absolutely. no. it's a little early for us to make that

>>> another good day for valero. up 32% as we talk about refiners for a moment before we do final trades. joe, what do you do? >> rye finers, an interesting trade. i talked about going neutral from overweight. i've been a long-standing supporter of the refiner trade valero, i think you take profit right now. with that said, if we could, let's talk about dk, a name that's down over 8% on news, to shave off 8% to 12%. i want to buy that sell-off. i will buy that sell-off within the next 24 hours, the one refinery trade i would stay with. >> murph? >> i like the price action in valero. it has a pullback to support. another refinery name, mlp focussed on refining, northern tier, nti, and dividend analyzes about 16%. >> women eiss, a quick read on mlps. >> they're interesting, but rates run up. i still like clmy, i think the mortgage reads, which are sort of mrps are going to do well. >>> joe, final trade? >> we're trying to two stuff outside the box with mark near the highs. i time a position in vitamin shop, vsi. >>> i'

we've got them bank of america, amgen, valero, maybe more in two minutes. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. it is already working in cities like tokyo. looking to get your business off to a fast start in the new year? it's go time! switch to comcast business and get fast internet on the nation's largest gig-speed network. plus, complete reliability with 4g lte backup. and, cloud-based security to help protect the devices on your network. greenlight your business in 2020 with fast internet and voice for $64.90 per month. switch now and get a $100 prepaid card when you add comcast business securityedge. call today. comcast business. beyond fast. >>> the dow transport it's are set to end the year above 18%. according to our partners at kens kensho that tends to bode well for stocks a year later. the s&p gains an average 10.10% trading 75% of the time. f

but look at what tesoro and valero did today. despite what people's arguments about, is it deflationary, is it a demand issue, we can have that conversation later. to me the way to play the energy space given the move in crude and given what i think will be the follow-through in crude, is to stay long the name as we talked about over the last couple weeks. tso and vlo. >> in addition to those names western refine hg a nice gain today, pete. >> you mentioned volatility and guy mentioned the lvx. you look at the lvx today that's one of the most incredible moves today of the entire year. 20% higher on this big spike. now, before we were talking about the lvx being in the 60s, now we're talking about the 40s. but nonetheless a very huge move, it shows you what people are thinking right now in oil and how they actually are probably mispricing it and having a difficult time pricing it. when you look at the bond market that tells you a lot about how these oil stocks are trading, how the energy space in general is trading. there is so mu

. >> i like valero and it is an environment that is hard to build new refinery. invest in a company that already has them. >> what do you think? >> oil is not expensive and dollar is cheap. they will go down in coming years. >> john, what do you have got? >> google. one thing on the internet that is indespencible. and they have not scratched the surface. n this is an empire and they have their seeds of their own destruction. it is where rome was. thank you for watching. number one business block continues with cheryl casone and cashin in. >> president pushing for tax hikings. 56 percent of the americans want the across the board cut in spending. i am cheryl casone, welcome to cashin' in. we have wayne rogers and johnathon and tracey burns and jay layfield. and christian is with us. wayne, who is right on this, the president or those who say we need to cut spending? >> i think the president is wrong in the following sense. i think the whole philosophy has not worked in three and half years. the government is spending and we haven't had a spur in the economy and un

what have these companies been doing, valero and major u.s. refiners, to hedge? >> as you have said, they have been taking less and less venezuelan crude. to a certain extent, they have no choice. venezuelan production is dropping. there are other alternatives, canada or mexico. they produce heavier crude that could work for these refineries. they have been moving. venezuela, still a big supplier for them. they have also been lobbying in washington to say, sanctions may not be the best answer. venezuela would still be able to sell is crude and other parts of the world. and you would have this lock on us here in the u.s.. they are cautioning the trump administration to be cautious. oliver: up next, why president trump is looking unprepared to deal with the special counsel. this is "bloomberg businessweek." ♪ ♪ oliver: welcome back to "bloomberg businessweek.". i am oliver renick. you can also give us on sirius fm and in boston. -- catch us on sirius fm and in boston. and in london and in asia on the bloomberg radio plus app. in the politics section, as preside

. >> reporter: it happened just before 5:30 sunday evening at this valero gas station on fairgrounds drive. that's where the two men crossed paths. one of them was eric, a father of 6, and construction worker. the other i have learned was off-duty richmond police sergeant virgil thomas. a 23-year-old veteran and former president of the richmond police union. sources say reason was also armed with a gun and brandished it to open fire. the mother does not know if her son had a gun. >> if that is the case, i still think that it still wasn't necessary. >> being armed, in and of itself, does not warrant an execution. >> reporter: family and friends held a prayer circle at the gas station. among them was this woman, a civil rights attorney with john burris's law firm. she said the police sergeant was the main aggressor. >> when you have a police officer who is escalating a parking dispute into a deadly force incident, in a very crowded incident we are very concerned how that cohappen. >> reporter: now, in a statement the richmond president stated unfortunately when a police officer is conf

turkish economy and valero recover sooner or later and then very fast meant to pay off. of course and there is another reason why the waterside villa's a so popular especially with buyers from the middle east. many arabs are familiar with the journalists from turkish t.v. dramas but they've been on television over time in the arab countries because people are crazy about them. sometimes my clients call me and say i want to buy from my favorite series. the viewing is over for today the two realtors intend to continue bargaining. so it's likely that this mansion and its spectacular view of the bosphorus will soon change hands. bigger isn't always better especially when it comes to commuting take little. homespun arrive hailing service the two and a half year old company has ten thousand drivers operating in nairobi and over a million uses on its platform starting to be a hit in other african countries too. the kenyan right having apps little might be competing with global players like hoover and tax if i can get but it's only valued at around seventy two million dollars on

valero, tesoro, marathon petroleum all popping 1% or 2%. the u.s. oil rig count was up again for the second straight week. >> obviously a little bit of a hiccup during the week with the tape but look what they did today. tesoro today, all-time high, approaching their all-time high. i think valero will get there. tesoro breaking out on valuation, ridiculously inexpensive. and the crude sukt sets up really well for them. i think you own them. you've got to stay long these names that continue to work. >> trv's with you. he is indeed. >> tso's going to a buck 20. >> whoa. >> telling you, player. stay long. don't see it at 100 and be like i'm going to ring the register. trust me. >> i don't sound like that. that's not my shtick. >> not you personally. it actually sounded a little bit -- >> just a little bit. >> anybody else in refiners here? where's the oil trade right now? >> i think the important part was the rig count today. thain creased for the second week in a row. all that production that everybody thought was going to come offline, it looks like

. >> i like valero and it is an environment that is hard to build new refinery. invest in a company that already has them. >> what do you think? >> oil is not expensive and dollar is cheap. they will go down in coming years. >> john, what do you have got? >> google. one thing on the internet that is indespencible. and they have not scratched the surface.