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May 10, 2014
05/14
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this is steve. as i'm running around like a chicken with its head cut off, answering every phone, i'm starting to realize that, my god, paula does a whole lot of work that i don't give her credit for. that i am starting to understand. dude, oh, my god. i'm losing my mind. i need paula back asap. guys, work with me a little bit, please. i got a lot of stuff going on. i'll be stepping out of the office for a little bit. you guys keep up the good work, and just get everything done, bottom line. so i'm going over to the golden nugget to meet lee pappas. today's the day he's gonna make his first $30,000 bet. and i'll tell you what-- i'm excited. so here's the deal. we're gonna go $30,000 on louisville. what we got is louisville playing connecticut. we got louisville at home, -28 points. i know 28 points is a lot, but there's a reason why the spread's so large. connecticut's 0-7. their defense is zero. their team is garb-age. their head coach got fired, and their backup coach sucks. and louisville is goin
this is steve. as i'm running around like a chicken with its head cut off, answering every phone, i'm starting to realize that, my god, paula does a whole lot of work that i don't give her credit for. that i am starting to understand. dude, oh, my god. i'm losing my mind. i need paula back asap. guys, work with me a little bit, please. i got a lot of stuff going on. i'll be stepping out of the office for a little bit. you guys keep up the good work, and just get everything done, bottom line. so...
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May 17, 2014
05/14
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i'm steve phelps with nascar. >> hi, steve. peter. >> hey, steve. steve koehl, skullduggery. >> hey, steve, how are you? welcome to our new york office. you know, marcus had asked me to take the meeting. this is a little bit unusual for us, but wanted to take the meeting to understand what it is about your company that you believe will help the nascar brand. >> let me go first. steve, why do you think nascar's good for skullduggery? [laughing] >> so, you know, we are in a really good spot at this particular point. the sport's growing. we're really trying to attract a much younger audience, a more diverse audience. you know, we're finding partners to invest with us in s.t.e.m. >> i'm sorry, ste--stem? >> s.t.e.m. science, technology, engineering, math. >> okay, okay. >> nascar is a technology-driven enterprise, and i think it's awesome that they want to attract kids through education. >> and so the question is, do you have something that you could focus on that? 'cause that's an important area for us. >> um, i'm havin'--you know, i had some meetings
i'm steve phelps with nascar. >> hi, steve. peter. >> hey, steve. steve koehl, skullduggery. >> hey, steve, how are you? welcome to our new york office. you know, marcus had asked me to take the meeting. this is a little bit unusual for us, but wanted to take the meeting to understand what it is about your company that you believe will help the nascar brand. >> let me go first. steve, why do you think nascar's good for skullduggery? [laughing] >> so, you know, we...
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May 26, 2014
05/14
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i'm steve phelps with nascar. >> hi, steve. peter. >> hey, steve. steve koehl, skullduggery. >> hey, steve, how are you? welcome to our new york office. you know, marcus had asked me to take the meeting. this is a little bit unusual for us, but wanted to take the meeting to understand what it is about your company that you believe will help the nascar brand. >> let me go first. steve, why do you think nascar's good for skullduggery? [laughing] >> so, you know, we are in a really good spot at this particular point. the sport's growing. we're really trying to attract a much younger audience, a more diverse audience. you know, we're finding partners to invest with us in s.t.e.m. >> i'm sorry, ste--stem? >> s.t.e.m. science, technology, engineering, math. >> okay, okay. >> nascar is a technology-driven enterprise, and i think it's awesome that they want to attract kids through education. >> and so the question is, do you have something that you could focus on that? 'cause that's an important area for us. >> um, i'm havin'--you know, i had some meetings
i'm steve phelps with nascar. >> hi, steve. peter. >> hey, steve. steve koehl, skullduggery. >> hey, steve, how are you? welcome to our new york office. you know, marcus had asked me to take the meeting. this is a little bit unusual for us, but wanted to take the meeting to understand what it is about your company that you believe will help the nascar brand. >> let me go first. steve, why do you think nascar's good for skullduggery? [laughing] >> so, you know, we...
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May 30, 2014
05/14
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hi, steve. >> hey, carl. thanks very much. here at the hoover institution at stanford with philadelphia fed president charles plosser. thanks for joining us. >> good to be here. >> lot going on in the economy, minus 1% gdp yesterday, missed a little bit on spending this morning, down 0.1. what is your sense of the economy right now? is the weakness something that worries you? >> not right now. the weakness if the first quarter is something we've been anticipating. the weather had large effects. a lot of forecasters, not just me, seeing pretty strong rebound in the second quarter in response to the unwinding of the temporary transitoriry effects. >> you've had a 3% number for this year. it's going to be real hard to get there. >> probably. so the first quarter is going to make a dent and the weather will make a dent in that number. i'm still thinking that for the rest of the year, 3% is pretty good. >> not for the full year, but we get to that level we can sustain it? >> exactly. >> what happens to unemployment this year? >> my
hi, steve. >> hey, carl. thanks very much. here at the hoover institution at stanford with philadelphia fed president charles plosser. thanks for joining us. >> good to be here. >> lot going on in the economy, minus 1% gdp yesterday, missed a little bit on spending this morning, down 0.1. what is your sense of the economy right now? is the weakness something that worries you? >> not right now. the weakness if the first quarter is something we've been anticipating. the...
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May 30, 2014
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steve ballmer may have found his new occupation as an nba team owner. the latest on the purchase of the l.a. clippers, coming right up. >>> you're watching "worldwide exchange." >>> welcome back to the show. these are your headlines. bnp paribas faces a $10 billion fine for evading u.s. sanctions. >>> google moves towards complying with europe's corporate privacy. >>> and steve ballmer nets a $2 billion deal to buy the l.a. clippers. >>> steve ballmer stepped down as microsoft ceo just a few months ago but he's already found his next potential venture as owner a professional sports team. morgan brennan is at cnbc hq with all the details. morning, morgan. >>> hi, julia. steve ballmer has reached a deal to buy the los angeles clippers for $2 billion. which would be the most ever paid for an nba franchise. earlier this month, the milwaukee bucks sold for $550 million. just for comparison, the l.a. dodgers baseball team sold for $2.1 billion in 2012. shelly sterling, the wife of donald sterling says she signed a contract that's been sent to the nba for appr
steve ballmer may have found his new occupation as an nba team owner. the latest on the purchase of the l.a. clippers, coming right up. >>> you're watching "worldwide exchange." >>> welcome back to the show. these are your headlines. bnp paribas faces a $10 billion fine for evading u.s. sanctions. >>> google moves towards complying with europe's corporate privacy. >>> and steve ballmer nets a $2 billion deal to buy the l.a. clippers. >>>...
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May 22, 2014
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lot there, steve. but i just couldn't do it. >> all those family members. >> somebody voted, by the way, for john 22 times. >> that was me. >> yeah? you voted for yourself? >> no, i didn't. not once. >> pete? >> it might have been pete. you've got a twitter handle to it. we know who did the votes, right? it wasn't me and it wasn't john. >> john got 22 votes. how much did steven get? >> 200. >> one person voted 22 times for john. >> oh, okay. >> and those were all his votes i think is what the commentary was. we're not going to embarrass him by telling him how many votes i got. >> the peeps are negative on best buy. let's do "final trades." stephanie. >> i like priceline, long. >> dr. j. >> gosh, judge, i still like dana hertz. >> i'm going to go with his. forget my trade. >> i'm going to go with ocwin. ocn. >> don't be afraid of the 30% rise. >> how about this, the markets are all up. the tightest range for all three major averages in the month of may. since 1987. we will see what develops for the rest
lot there, steve. but i just couldn't do it. >> all those family members. >> somebody voted, by the way, for john 22 times. >> that was me. >> yeah? you voted for yourself? >> no, i didn't. not once. >> pete? >> it might have been pete. you've got a twitter handle to it. we know who did the votes, right? it wasn't me and it wasn't john. >> john got 22 votes. how much did steven get? >> 200. >> one person voted 22 times for john....
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May 26, 2014
05/14
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steve has been speaking to poroshenko, and steve, perhaps no coincidence as he gets announced as the president-elect. there are people taking over the airport in danesk. >> reporter: yes, it's no koups dense whatsoever. he said, i'm going to speak to the people and try to talk to them and explain what kiev isn't as well. and the separatists knew that and took over the airplane. i said, how can that happen when you knew this was a target and that they would go for the apple at the time? he said, that's incredible. the number of problems that this man faced. i found a piece on the web, the $64,000 questions for mr. poroshenko. the economy is going to decline 5% of gdp this year with double-digit up nation and $35 billion of refinance needs over the last couple of years. >> reporter: the relationship with russia and persuading the euro he's in a new position and a new man to take the country forward with epidemic. from the top to the bottom, a whole host of these. we spoke to him last night after what looks like a convincing win, even though we don't have the official results. i said, w
steve has been speaking to poroshenko, and steve, perhaps no coincidence as he gets announced as the president-elect. there are people taking over the airport in danesk. >> reporter: yes, it's no koups dense whatsoever. he said, i'm going to speak to the people and try to talk to them and explain what kiev isn't as well. and the separatists knew that and took over the airplane. i said, how can that happen when you knew this was a target and that they would go for the apple at the time? he...
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May 21, 2014
05/14
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it should be a much bigger company at the end of the day. >> steve? >> i think if i were sitting in your seat, the most disruptive thing about your portfolio would be my sleep patterns. with the valuation in all your stocks, how do you protect your downside? there is no valuation support. >> yeah, what's so interesting about this period of time is people are very focused on valuations, as we should be. maybe less focused on the long-term. this is the flipside of what we saw in the tech and telecom bubble. people weren't focused on valuations, they were focused on eyeballs and the very, very long-term. so the long-term is here. they were 10 to 15 years too early in the tech and telecom -- >> i disagree. the long term, when you're talking about a tesla, is out there. the long term when you're talking about athena health is out there. it's not today at 100 times earnings. >> no, so let's talk about athena health. athena, they'll generate about $1 billion in revenue next year. they are investing heavily against the opportunity, because they know they're t
it should be a much bigger company at the end of the day. >> steve? >> i think if i were sitting in your seat, the most disruptive thing about your portfolio would be my sleep patterns. with the valuation in all your stocks, how do you protect your downside? there is no valuation support. >> yeah, what's so interesting about this period of time is people are very focused on valuations, as we should be. maybe less focused on the long-term. this is the flipside of what we saw in...
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May 2, 2014
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if steve madden were to buy, i don't know -- >> steve madden? >> i liked him -- >> "wolf of wall street". >> he was great. >> wasn't that a fabulous scene. >> i forget those guys took him public. yeah. >> we'll get cramer's mad dash as we count down to the opening bell. more "squawk on the street" from the nyse in just a minute. ♪ [ female announcer ] there's a gap out there. ♪ that's keeping you apart from the healthcare you deserve. ♪ but if healthcare changes... ♪ ...if it becomes simpler... the gap begins to close. ♪ when frustration and paperwork decrease... when doctors are better connected... when grandparents get to live at home instead of in a home... ♪ ...the gap closes even more. ♪ and you begin to live a healthier, happier life. ♪ so let's simplify things. ♪ let's close the gap between people and care. ♪ with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted
if steve madden were to buy, i don't know -- >> steve madden? >> i liked him -- >> "wolf of wall street". >> he was great. >> wasn't that a fabulous scene. >> i forget those guys took him public. yeah. >> we'll get cramer's mad dash as we count down to the opening bell. more "squawk on the street" from the nyse in just a minute. ♪ [ female announcer ] there's a gap out there. ♪ that's keeping you apart from the healthcare you...
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May 15, 2014
05/14
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steve kuhn has returned an average of 33% over the last six years. he'll tell us where he thinks rates are going, and he'll talk stocks as well. that's going to be an interesting conversation you don't want to miss with that man right there, steve kuhn of pine river. we're back after this. i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and
steve kuhn has returned an average of 33% over the last six years. he'll tell us where he thinks rates are going, and he'll talk stocks as well. that's going to be an interesting conversation you don't want to miss with that man right there, steve kuhn of pine river. we're back after this. i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare. a body at...
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May 30, 2014
05/14
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i wish steve and the best luck in steve's new life. and time, congratulate them for engaging cooperation which will be good for both sales force and a now ballmer free microsoft. ben in colorado. >> caller: boo-ya, jim. >> boo-ya. >> caller: i've been watching your show since 2006 and had a question about q2 holdings. what do you think? >> you know, this is the kind of stock that i'm worried about. as much as i think they are fine people, i don't want you to, this is not the kind of stock that i can recommend right now. it is the service to the software as a disservice. too risky for me. >> i want to know your thoughts on ibm. it is down a lot. >> i gave up on ibm. i couldn't take with it the last thing with the chinese. they're going to say they're very big in china. every time i cotton up to it i end up getting crushed. it has been a big disappointment so far in 2014. i think it will stay that way. what could we learn from the microsoft sales force deal? there's a tug-of-war. it is old versus new. i favor the old. still ahead, many e
i wish steve and the best luck in steve's new life. and time, congratulate them for engaging cooperation which will be good for both sales force and a now ballmer free microsoft. ben in colorado. >> caller: boo-ya, jim. >> boo-ya. >> caller: i've been watching your show since 2006 and had a question about q2 holdings. what do you think? >> you know, this is the kind of stock that i'm worried about. as much as i think they are fine people, i don't want you to, this is not...
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May 30, 2014
05/14
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not only would steve have made the deal, but how would steve have operated this new group of executive. we have somebody from burberry, jimmy iovine, dr. dre. >> tim cook is out running the company, bringing in talented people who have an artistic sensibility. steve brought the art, the beauty, the liberal arts, as he would say, to the technology. now they are bringing in other people who are cool. >> first of all, i was there on march 6th in couupertino. i'm calling about. all of a sudden katie goes, hey, jimmy. and it's jimmy iovine. i blew the story. number two, as far as the way the company beats fits with apple, apple's earbuds, not so good. the beats, the best in the business. there's the streaming and the itunes piece, putting them together. beats has a screaming business, right? >> but they're not -- i would agree with you. >> we only have 200,000 customers to compete against spotify. apple has a radio business that competes with pandora. they need to do that. all the growth in the music business is going to spotify and pandora. >> the announcer said on the software side, they
not only would steve have made the deal, but how would steve have operated this new group of executive. we have somebody from burberry, jimmy iovine, dr. dre. >> tim cook is out running the company, bringing in talented people who have an artistic sensibility. steve brought the art, the beauty, the liberal arts, as he would say, to the technology. now they are bringing in other people who are cool. >> first of all, i was there on march 6th in couupertino. i'm calling about. all of a...
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May 12, 2014
05/14
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you have steve wyche, the bear, won the debate. steve, congratulation. tickers, pete? >> immax. >> suntrust. >> g.o.l. >> long macy's. >>> have a great rest of the day. power starts now. see you from vegas. >>> halftime is over. "power lunch" and the second day of the trading day is starts right now. >> happy day after mother's day. bulls in charges. the dow and the dow transports hitting new all-time highs. we'll zero in on the stocks, since the last record high. should they be in your portfolio? two top four-star fund managers will give us their best plays in this market. should you be in growth? should you be in value? which names? and what about blue chips? should you even truth the rally. so we'll zer i
you have steve wyche, the bear, won the debate. steve, congratulation. tickers, pete? >> immax. >> suntrust. >> g.o.l. >> long macy's. >>> have a great rest of the day. power starts now. see you from vegas. >>> halftime is over. "power lunch" and the second day of the trading day is starts right now. >> happy day after mother's day. bulls in charges. the dow and the dow transports hitting new all-time highs. we'll zero in on the stocks,...
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May 30, 2014
05/14
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steve liesman is in san francisco. steve? >> thanks very much. leading policy makers, academics and ecologists gathered here and weern got a special guest coming up, john williams on his outlook for fed policy and the economy when "power lunch" comes back. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ my mom works at ge. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> welcome back to "power lunch." i'm julia boorstin in lachlkos angeles. lions gate earnings are down. this despite a positive outlook on u
steve liesman is in san francisco. steve? >> thanks very much. leading policy makers, academics and ecologists gathered here and weern got a special guest coming up, john williams on his outlook for fed policy and the economy when "power lunch" comes back. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom...
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May 6, 2014
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>> well, it's hard for us to know exactly, steve. we have visibility into when patients arrive at our hospital's emergency rooms or physicians. let me tell you what we think is happening there. people have signed up for the exchange insurance plans are being told by the plans they are able to have one free checkup every year. they are going to see doctors. across our employed physician base we are starting to see those visits taking place. if those people come in with some sort of condition they are going to be treated in the normal course through physician and the most effective course of venue for care. the emergency room -- >> so the question would be, are emergency room visits down? >> no. emergency room visits are up. but emergency room visits have been up every quart canner for a very long time. >> has the growth rate slowed? >> no. >> so it's not having that effect? >> that's exactly what happened in massachusetts. emergency room visits went up dramaly. >> so it doesn't work. >> so there is a trend across the country, and ther
>> well, it's hard for us to know exactly, steve. we have visibility into when patients arrive at our hospital's emergency rooms or physicians. let me tell you what we think is happening there. people have signed up for the exchange insurance plans are being told by the plans they are able to have one free checkup every year. they are going to see doctors. across our employed physician base we are starting to see those visits taking place. if those people come in with some sort of...
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May 27, 2014
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our steve sedgwick is live in kiev with more. steve in. >> tyler, thanks very much. the the new president-elect telling me he won't let the separatists turned into a naturalia type of situation. he has real legitimacy, he got 54% of the vote in a field of 21 candidates. that is quite extraordinary. he averted the need for a runoff in the middle of june, which we didn't need another three weeks of instable in this country, of course. the question now is where do we go next. there are all kinds of road blocks, one of the biggest is relations with the kremlin. putin said last week they will work with the new president. what does the west thing of the relations? i spoke to jeff piatt, the u.s. ambassador to ukraine. >> first of all there are -- this violence in donetsk, terrible violence seems to be fueled in part by people coming across the russian border. so we believe that pressure needs to be maintained. and as far as what happens, we'll have to way to see what washington concludes, but also what we can do with brussels. >> reporter: a lot of people talking about the
our steve sedgwick is live in kiev with more. steve in. >> tyler, thanks very much. the the new president-elect telling me he won't let the separatists turned into a naturalia type of situation. he has real legitimacy, he got 54% of the vote in a field of 21 candidates. that is quite extraordinary. he averted the need for a runoff in the middle of june, which we didn't need another three weeks of instable in this country, of course. the question now is where do we go next. there are all...
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May 5, 2014
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steve, thank you. plenty of great history lessons coming out from steve. right now here we are, just an hour and 11 minutes into the trading day in europe. and you see red across the board. just worth pointing out, gray here for the u.k. with the markets closed today. they'll have their beginning of may daybreak today. the dax, we saw stocks dip down toward the end of the session on friday. down 13 points. the cac is down .20 as well. the micex is just up .10%. a number of individual stocks worth looking at, credit suisse is currently down 2.5%. press reports that u.s. authorities are going to put pressure on the suisse bank to plead guilty in the ongoing tax dispute according to the newspaper. washington is asking for a guilty plea to claims that the bank helped tax money. bmps is down 6% today. finally shares in the bank are up a percent offering rights to a 500 million capital euro increase. we'll show you where we stand, we have a fascinating move on the treasuries. ten-year treasury yield, 2.58%. we have been at three-month lows with the yield of 2.57
steve, thank you. plenty of great history lessons coming out from steve. right now here we are, just an hour and 11 minutes into the trading day in europe. and you see red across the board. just worth pointing out, gray here for the u.k. with the markets closed today. they'll have their beginning of may daybreak today. the dax, we saw stocks dip down toward the end of the session on friday. down 13 points. the cac is down .20 as well. the micex is just up .10%. a number of individual stocks...
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May 23, 2014
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to add to what steve said, putin is incredibly thin-skinned. lastr. so i think putin both crave western approval and esteem and rejects it at the same time, which of course the bottom line is an insecure leader. >> very, very quickly, he outlined his plans for a urailings economic union, which means -- >> they've been talking about an allyian with china for almost 60, 70 years. it's never come to pass, in part because it's never been in china's interest to align itself all that close with russia. i think this is a card they've played before, and it doesn't work too well. >> we will wait and see. thank you, don. steve, thank you for dropping by as well. >>> still ahead on "street signs", is what is happening at the v.a. just a preview of where obama care is headed? larry kudlow weighs? >> and two all-star fund managers join with their favorite picks, "street signs" will be right back. i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you
to add to what steve said, putin is incredibly thin-skinned. lastr. so i think putin both crave western approval and esteem and rejects it at the same time, which of course the bottom line is an insecure leader. >> very, very quickly, he outlined his plans for a urailings economic union, which means -- >> they've been talking about an allyian with china for almost 60, 70 years. it's never come to pass, in part because it's never been in china's interest to align itself all that...
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May 29, 2014
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what about the fundamental side, steve? >> mandy, i certainly respect richard's charts, but at least in the cortez household, costco is definitely a buy. my wife spends so much money there each week that i'm convinced she might have a crush on the store manager. i will tell you, listen. a fundamental reason to love costco here i think is that they have incredible customer service. speaking of their employees. there was a recent survey by glass door, and they asked employees what firm they rate highest in terms of compensation. and it was second of all companies in america. only second to google. i think those well-paid, happy employees are producing a customer service experience that is far above other retail peers. >> the stock's already doubled in the past four years. i think that's richard's only point. everyone agrees it's a great company, but does that have to mean it's a great stock? >> i does, i think. also they're servicing the right customers. the wealthy are doing very well. main street is having a tough time. it'
what about the fundamental side, steve? >> mandy, i certainly respect richard's charts, but at least in the cortez household, costco is definitely a buy. my wife spends so much money there each week that i'm convinced she might have a crush on the store manager. i will tell you, listen. a fundamental reason to love costco here i think is that they have incredible customer service. speaking of their employees. there was a recent survey by glass door, and they asked employees what firm they...
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May 7, 2014
05/14
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steve, i'll go to you first. i thought she was dovish. i thought she was not so dour on the economy. >> dovish not dour, a junior economics reporter. i think that's exactly right. first quarter weakness, she explained the transitory factors, mentioned the weather. sees a strong second quarter rebound, production on the rebound, and yet the outlook for interest rates remains on task, nothing to change that. on the market, she said the only real bubble sign she sees, maybe in small cap, but more high corporate debt. levels of the stock market and real estate values remain in historic norms. >> although people would take issue, pete, in terms of the valuations we've seen in the high flier names which have been getting destroyed today. >> yeah. >> after they've been getting taken outside for weeks. >> right. they started to have a comeback, scott, and now you're getting the pain once again. you look at the whole foods number from last night, and that stock is absolutely in a world of pain. that's one of the names at this level, i yurjumped in
steve, i'll go to you first. i thought she was dovish. i thought she was not so dour on the economy. >> dovish not dour, a junior economics reporter. i think that's exactly right. first quarter weakness, she explained the transitory factors, mentioned the weather. sees a strong second quarter rebound, production on the rebound, and yet the outlook for interest rates remains on task, nothing to change that. on the market, she said the only real bubble sign she sees, maybe in small cap, but...
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May 27, 2014
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steve is in kiev to give us the latest on this. steve, what's your take here? it's not a new line as far as the concern over violence in the east but obviously that's stepped up again in the last 24 hours. >> yes. look, it's a protection issue. when does a freedom fighter between a terrorist and vice versa. i had this conversation with my fixer here. how did you talk about the i.r.a. in the '80s and '90s. you're going to continue to get this different interpretation from the russian side and indeed from the western side as well. the hope is, of course, this can abate somewhat as well. i think the comments from mr. lavrov are interesting. the threat of those sanctions is not ridiculous. it's a real threat as well. i spoke to senator rob portman in kiev just this weekend. he said, look, the third wave of sanctions could be important to getting the russians to the table. i spoke to another person, she said thank you, america, we're looking forward to a third round of sanctions. many people believe more targeted sanctions against deliberate interests and indeed spe
steve is in kiev to give us the latest on this. steve, what's your take here? it's not a new line as far as the concern over violence in the east but obviously that's stepped up again in the last 24 hours. >> yes. look, it's a protection issue. when does a freedom fighter between a terrorist and vice versa. i had this conversation with my fixer here. how did you talk about the i.r.a. in the '80s and '90s. you're going to continue to get this different interpretation from the russian side...
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May 7, 2014
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steve, you have a year end target of 2100 for the s&p 500, and ms. yellen is saying she doesn't see the broad market in bubble territory. maybe a pocket here or there, so that seems to be a green light. is it? >> i think it is. we think the fed will be very friendly here, and that's good, almost like -- earnings go to to on the s&p by the end of this year. you've got a fed on hold at very, very low rates. i think it is the kind of green light for equities. >> what do you think, joe? do you agree with that? general? >> i agree in general, but we see more up side here. i do think we need to temper expectations. i think we're looking at future gains coming from the u.s. equities really to be limited by earnings growth and some dividends. i don't think you're necessarily going to see a lot of multiple expansion. having said that, i think there's up side here. >> the thing that's a conundrum to people that i talk to down here is the ten-year note going below the 2.6 level. maybe that's a bit of geopolitical fear, steve, but is it signaling something that
steve, you have a year end target of 2100 for the s&p 500, and ms. yellen is saying she doesn't see the broad market in bubble territory. maybe a pocket here or there, so that seems to be a green light. is it? >> i think it is. we think the fed will be very friendly here, and that's good, almost like -- earnings go to to on the s&p by the end of this year. you've got a fed on hold at very, very low rates. i think it is the kind of green light for equities. >> what do you...
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May 20, 2014
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with us is our senior economics reporter steve liesman. steve, first of all, to you. was this intentional, or is this just us, you know, reading too much into, well, the known views of a more hawkish and more dovish member of the fed? >> i don't understand, what's intentional. did plosser mean to talk the market down, or did he intensionally make hawkish comments? >> and bill dudley's comment right after that which seemed to be more dovish? >> i reject the notion that the market sold off. i would find it -- i have great trust in the market, and i just don't see why charles plosser, a known hawk, making hawkish statements that don't move the balcony further or closer to the fed hiking rates or changing policy, i really believe the market is much smarter than that, and the fact that he said they could begin raising rates sooner than later. that's been out there. dudley said the same thing. he also said they could raise rates later than you believe if the economy doesn't perform. there's a tract fed is on. the real news that's being missed in all of this which is dudley
with us is our senior economics reporter steve liesman. steve, first of all, to you. was this intentional, or is this just us, you know, reading too much into, well, the known views of a more hawkish and more dovish member of the fed? >> i don't understand, what's intentional. did plosser mean to talk the market down, or did he intensionally make hawkish comments? >> and bill dudley's comment right after that which seemed to be more dovish? >> i reject the notion that the...
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May 30, 2014
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steve liesman has made a huge point of this idea that it's been mixed at best. what we really want to see is the weather effects start to linger a little bit but they're starting to get out of the way. maybe this is the jobs number that provide clarity. >> as the wonky wealth reporter, i'm so excited about the piketty interview on monday. it's been so misrepresented by both sides. i want to hear what the man himself has to say. >> how about this? read the book. >> i did back in january. i thought this is so complex nobody is going to get it but it's so important and it's exciting to see it on the best-seller list but very few people who are even talking about it have actually read it. >> well, certainly it's caused a lot of opinions on wall street and beyond. i'm just going to throw the walmart shareholders meeting on friday. thanks for the panel. >> anytime. >> setting up to be an exciting month. >> and the fun continues. f "fast money" coming up. >> always a fun time at the nasdaq. lgf shares 11% downdraft on the stack. we have the vice chairman michael burns
steve liesman has made a huge point of this idea that it's been mixed at best. what we really want to see is the weather effects start to linger a little bit but they're starting to get out of the way. maybe this is the jobs number that provide clarity. >> as the wonky wealth reporter, i'm so excited about the piketty interview on monday. it's been so misrepresented by both sides. i want to hear what the man himself has to say. >> how about this? read the book. >> i did back...
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May 5, 2014
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. >> steve liesman is here. he's going to take the other side of the stock trade, but before we get to that, i understand you might have some breaking news? >> and only at cnbc with the segue from ukraine violence to the senior survey, because it all goes into the pot, but the survey is out, the measure of credit standards and the demand at the leading banks, and according to the survey, banks also reported higher demand for those sorts of loans. that's a good sign. they also eased standards when it came to the consumer for credit card and auto loans, but they tightened standards for subprime mortgage loans. overall the basics are say mortgage demand is declining in all categories. meanwhile, a key service sector, 55.2 figure beating expectations of 54.1 by a full point. you can see the best figure since august. it's a clear strengthening trend since the wind. we also looked after the strong jobs report, nine forecasts from wall street economists, you can see they have upped their forecast with 3.8, and there is
. >> steve liesman is here. he's going to take the other side of the stock trade, but before we get to that, i understand you might have some breaking news? >> and only at cnbc with the segue from ukraine violence to the senior survey, because it all goes into the pot, but the survey is out, the measure of credit standards and the demand at the leading banks, and according to the survey, banks also reported higher demand for those sorts of loans. that's a good sign. they also eased...
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May 8, 2014
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steve liesman is here. as you might have noticed, for the second day in a row, fed chair janet yellen is on the hill, and for the second day in a row, stocks are going up as she's speaking. let's take that to the panel. no coincidence. stocks are going up. people are buying bonds. what's the deal? >> i want to talk to the traders, because i think there's an algorithm out there, black box algorithm, that headlines yellen is buying stocks, essentially looked at five occasions where she's testified or spoken on the economy, and we looked at the average, thanks to our terrific data team, gina, giovanni, did the calculations, about .5% she is good on either the dow, nasdaq, or s&p. and by the way, that includes in there the one time when she spoke when stocks declined, which was the march press conference, which see said the six months inadvertently. take away from that, and it's good for about 75 bips. and by the way,hey like the bond market. 10-year yields good for four, five basis points. i don't hear a whole
steve liesman is here. as you might have noticed, for the second day in a row, fed chair janet yellen is on the hill, and for the second day in a row, stocks are going up as she's speaking. let's take that to the panel. no coincidence. stocks are going up. people are buying bonds. what's the deal? >> i want to talk to the traders, because i think there's an algorithm out there, black box algorithm, that headlines yellen is buying stocks, essentially looked at five occasions where she's...
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May 6, 2014
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let's meet today's starting lineup, pete, murph, joe, jon, trading, and rick santelli in chicago, and steve liesman here next to me with news on the economy. it seems gdp for the quarter, projections are getting uglier. >> incredibly shrinking. we have the cnbc rapid update, where we average out the surveys of eight economists, the forecast of eight economists, the tracking survey. when the data comes in, the trade data, less than expected, down 0.1%. sorry, a mistake in that. the range is positive 0.1 to .5. so basically now negative and going more negative. the more negative this gets the harder it will be to come back and be positive. there's still more data to come. the snapback is intact, the 3.5%. >> you get a look, guys, at why bond yields are sitting with a 2.5 whatever lately, or just about at 2.6. i mean, there's some concern in the market, again, that yields are telling the real story, not stocks, which are still near all-time highs. joe? >> yeah, you know, i -- somewhat i would agree with that. so a yield is at 2.5, a yield is at 3. i think warren buffett talked about this yeste
let's meet today's starting lineup, pete, murph, joe, jon, trading, and rick santelli in chicago, and steve liesman here next to me with news on the economy. it seems gdp for the quarter, projections are getting uglier. >> incredibly shrinking. we have the cnbc rapid update, where we average out the surveys of eight economists, the forecast of eight economists, the tracking survey. when the data comes in, the trade data, less than expected, down 0.1%. sorry, a mistake in that. the range...
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May 22, 2014
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our traders are steve, brian, karen and guy. empty seat down there. but steve is on his way. conference call starting right now. getting the latest details from david coming up. plus, the debate over dividends that started two days ago. >> it won't be long until we all go and covet of a security deal. >> kevin, i thi
our traders are steve, brian, karen and guy. empty seat down there. but steve is on his way. conference call starting right now. getting the latest details from david coming up. plus, the debate over dividends that started two days ago. >> it won't be long until we all go and covet of a security deal. >> kevin, i thi
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May 1, 2014
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my favorite of the list is still win, steve wynn. even though i do love co-corian and what mgm has done. >> hotel names like hyatt or hilton or those kinds of names i think where your leverage is. >> all nine properties with high -- >> right. and starwood, it is underperformed. cfo just left to go elsewhere. that gets interesting in the low 70s. >> i think with the overweight exposure that wynn has to macau, that bodes well for them and they have earnings coming out. they'll crush it. >>> crude oil and gasoline are not crushing it. they're both sinking after an inventory report shows a bigger than expected build in supplies. for more, to jackie deangelis. >> gas and oil hitting multiweek lows after that inventory report came out. but what is interesting here is we are seeing a little bit of a rebound in crude oil prices gaining back some of today's losses. just within the last hour or so. so jeff, out to you in chicago, what is happening with crude here and why are we bouncing back like this? >> it is a mixed message here. we saw 1.7
my favorite of the list is still win, steve wynn. even though i do love co-corian and what mgm has done. >> hotel names like hyatt or hilton or those kinds of names i think where your leverage is. >> all nine properties with high -- >> right. and starwood, it is underperformed. cfo just left to go elsewhere. that gets interesting in the low 70s. >> i think with the overweight exposure that wynn has to macau, that bodes well for them and they have earnings coming out....
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May 22, 2014
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>> steve, michelle, thank you very much. >> ten minutes, tyler. we already got tickets. >> they're going to continue that all the way through the newsroom. >>> is that online bargain a deal or a steal in your internet might actually be stolen goods. >>> plus, the high cost of health care. as you can see, meg is with me looking at what drugs cost, but perhaps more importantly, meg, why they cost that much. >> that's absolutely right. there's a new hepatitis c drug that costs $84,000, and that's giving a lot of people sticker shock. i'll tell you why some people say it could actually be a bargain next on "power lunch." r. that's keeping you from the healthcare you deserve. at humana, we believe if healthcare changes, if it becomes simpler... if frustration and paperwork decrease... if grandparents get to live at home instead of in a home... the gap begins to close. so let's simplify things. let's close the gap between people and care. ♪ became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or no
>> steve, michelle, thank you very much. >> ten minutes, tyler. we already got tickets. >> they're going to continue that all the way through the newsroom. >>> is that online bargain a deal or a steal in your internet might actually be stolen goods. >>> plus, the high cost of health care. as you can see, meg is with me looking at what drugs cost, but perhaps more importantly, meg, why they cost that much. >> that's absolutely right. there's a new...
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May 2, 2014
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>> but we don't, steve. steve, we don't. >> we don't have it yet. >> if 288,000 jobs would suggest a demand for labor in this country is going up, why wouldn't that trickle out to higher wages? >> because there's a vast pool of unemployed people, people who have dropped out of the workforce. the debate for investors, the one that people should focus on, is not is it declining, does it mean it's bad? the question is will these folks, do they represent the possibility of further labor resources to the economy? >> all right. let's make this meaningful to investors before we go. >> patty edwards. knowing what we now know about the economy, and you sound very bullish here, what are you buying here? >> you know, i wouldn't say that i'm very bullish. i'm cautiously optimistic. that being said, we are looking overseas. we like the international markets a little bit more than we like the u.s. markets right now. >> okay. >> tom lydon? >> well, overseas absolutely. if you look at the trends in the etfs, we've seen a lo
>> but we don't, steve. steve, we don't. >> we don't have it yet. >> if 288,000 jobs would suggest a demand for labor in this country is going up, why wouldn't that trickle out to higher wages? >> because there's a vast pool of unemployed people, people who have dropped out of the workforce. the debate for investors, the one that people should focus on, is not is it declining, does it mean it's bad? the question is will these folks, do they represent the possibility of...
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May 20, 2014
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every morning she would come in and say, steve, did you see those low rates? i don't hear either of those reasons, a real reason for rates to rise. i don't know that there's any real concern that thinks piigs nation or any nations will not pay their debt in the first place, and second of all, weaker growth is an issue i would think -- i guess i see more profit-taking out there. >> because you live in a country where we have had incredibly aggressive action from the federal reserve in the face of weak data. >> but we're going to get aggressive -- we're going to get action next month. are you not sure about that? >> it's aggressive for them. >> i think we'll have access that we haven't seen before from the ecb. for them it's aggressive, but it's not going to be considered aggressive enough for a lot of people. >> thank you, michelle, steve, appreciate that. as always. sue, down to you. >> i think michelle is right on this one. >>> stocks taking a hit. take a look, down 130 points on the dow. s&p is down 12.3. we're getting the traders ease perspective, coming up
every morning she would come in and say, steve, did you see those low rates? i don't hear either of those reasons, a real reason for rates to rise. i don't know that there's any real concern that thinks piigs nation or any nations will not pay their debt in the first place, and second of all, weaker growth is an issue i would think -- i guess i see more profit-taking out there. >> because you live in a country where we have had incredibly aggressive action from the federal reserve in the...
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May 30, 2014
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steve. >> tyler, thanks very much. i am joined by fed president john williams and i need to let viewers know there are some i ask from presidents more than others. never done an interview in cleveland. john, let's talk about the economy. everybody thinks we're going to have a snap back. put the two quarters together and it's still that average 2% growth that we have. do we have any hope that we're going to break out of that psych snl. >> that's a pattern we've seen in the past few years. disappointing data and the growth. our forecast still would say growth this year about 2 2.5% o average. continuing good growth in the second half of this year and going next year around 3%. but in the days of thinking we're going to get 4% or 5% as a part of the recovery. we put that behind us.
steve. >> tyler, thanks very much. i am joined by fed president john williams and i need to let viewers know there are some i ask from presidents more than others. never done an interview in cleveland. john, let's talk about the economy. everybody thinks we're going to have a snap back. put the two quarters together and it's still that average 2% growth that we have. do we have any hope that we're going to break out of that psych snl. >> that's a pattern we've seen in the past few...
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May 23, 2014
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steve lies was watching. steve, this was interesting because putin doesn't take questions like this. >> he wasn't happy about the questions either. >> there's a great back story about what geoff told them he was going to do and what he actually ended up doing. so my hat is off to him in a big way. >> he acted like a boss. >> he kept at it. putin made a comment. and i think russian custom makes it so it's very difficult for putin to stop answering the questions at that point. it would have been incredibly rude. but geoff just kept at it. i wonder, though, if there was an opening. i want to give you a little back drop. when he says stuff about obama and he says stuff about pity the poor journalists in ukraine. there's a guy his country has a terrible record what has happened. and bemoaning the tanks in the streets which he brought them in. cast the "alice in wonderland" that he lives in. we can debate what he said. i thought on second rebound, second recall. >> he was asked three times. >> he said we will honor
steve lies was watching. steve, this was interesting because putin doesn't take questions like this. >> he wasn't happy about the questions either. >> there's a great back story about what geoff told them he was going to do and what he actually ended up doing. so my hat is off to him in a big way. >> he acted like a boss. >> he kept at it. putin made a comment. and i think russian custom makes it so it's very difficult for putin to stop answering the questions at that...
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May 28, 2014
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he talked to me about his time with steve jobs. beats electronics told me did $1.1 billion in revenue last year. you think about their place, beats does dominate that space when it comes to high end headphones. they control about 52% of the market. that's a market growing fast. jumping about 20% in q1. you're getting streaming service. beats music and cook told me he thinks they do that service better than anybody. i did ask cook are you worried about the competition. this is where the movement is going. last year digital music download fell for the first time. but streaming consumption popped 42%. i asked cook you got to compete with pandora. he told me he was not worried about the competition. his only focus was building the best product. back to you. >> it is true, it's like the cd's of not too long ago. the common comment is this deal is a head scratcher. do we care? >> why is it a head scratcher? because they paid too much or -- >> how does this really fit into their -- >> we said when it was first announced or first considere
he talked to me about his time with steve jobs. beats electronics told me did $1.1 billion in revenue last year. you think about their place, beats does dominate that space when it comes to high end headphones. they control about 52% of the market. that's a market growing fast. jumping about 20% in q1. you're getting streaming service. beats music and cook told me he thinks they do that service better than anybody. i did ask cook are you worried about the competition. this is where the movement...
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May 15, 2014
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steve gave great reasons but i think left the best one out. depending when we close we could be coming to the lowest yield klose since last summer. dividends, and microsoft we saw dominic talk about it, trading about 40, 3% dividends. here's a chart of what microsoft looks like, and if it isn't for the kool-aid pop we had the last several years people believe they're comfortable between 28 and $30. should we get a correction in stock? my biggest reason is anybody who traded in '87 knows when stocks go down, yields go down. that 3% dividend down from $40, you need a lot of 3% dividend checks to make the difference. that's the risk we need to talk about if you're called dump fb investing in low yield treasuries. >> a very good point. we're below the 2.5% mark. the dow jones industrial down 194 points. nasdaq composite down 48 better than 1%. and s&p down 200. hedge fund tepper says he is nervous. says investors shouldn't go too long. is there value right now amid the sell-off? we'll talk about that. is it in the small caps, russell 2,000 correct
steve gave great reasons but i think left the best one out. depending when we close we could be coming to the lowest yield klose since last summer. dividends, and microsoft we saw dominic talk about it, trading about 40, 3% dividends. here's a chart of what microsoft looks like, and if it isn't for the kool-aid pop we had the last several years people believe they're comfortable between 28 and $30. should we get a correction in stock? my biggest reason is anybody who traded in '87 knows when...
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May 16, 2014
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steve is there. he's been speaking to the people and are they surprised by how cheap their borrowing has becoming particularly when you compare it to the uk and united states? >> reporter: well, it is a pleasant surprise after all this country has gone flew after the last five years or so. i don't think they can believe their luck and not only fully financed the bond needs this year awe eight months covered for 2015 as well and spoke to the mtma back in february and said, look, you have to fill it to 8.1%. i apologized them morning saying it's 2.68. pessimism perhaps. 2.6% and spoke to the t shark. >> when it was inherited we inherited an economic situation. they identify what the program is. define a program and do it and we're the first country in the eurozone to do that but came at a cost for hardship and financial difficulties and strained finances for hundreds of thousands of families in this country. not an easy thing to do. but bond yields have fallen from over 15% to 2.6%. that's an extraordi
steve is there. he's been speaking to the people and are they surprised by how cheap their borrowing has becoming particularly when you compare it to the uk and united states? >> reporter: well, it is a pleasant surprise after all this country has gone flew after the last five years or so. i don't think they can believe their luck and not only fully financed the bond needs this year awe eight months covered for 2015 as well and spoke to the mtma back in february and said, look, you have...
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May 27, 2014
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>> yes. >> yes. >>> steve sedgwick joins us with the headlines and also a guest, i believe. steve? >> thanks very much indeed. we have come a long way. we've had an election which a lot of people didn't think we'd get to. someone who has been guiding us through the story, jeffrey piatt, the u.s. ambassador for ukraine. how significant has getting to the election been, and the president has a clear mandate, mr. poroshenko. how important is that? >> hugely important turning point. victory for the ukrainian people. president-elect poroshenko will come with a clear mandate. he was very public during the election. he wants to move this democracy forward. >> we were in st. petersburg friday, it appeared that jeffrey got out of mr. putin, he will respect the will of the people and will work with the new president. is that the understanding, that they can work together? >> we hope so. we know mr. poroshenko wants to have a strong relationship with russia. he speaks for all the ukrainian people. we hope very much moscow will get down to business. >> you say that, i spoke to politicians who
>> yes. >> yes. >>> steve sedgwick joins us with the headlines and also a guest, i believe. steve? >> thanks very much indeed. we have come a long way. we've had an election which a lot of people didn't think we'd get to. someone who has been guiding us through the story, jeffrey piatt, the u.s. ambassador for ukraine. how significant has getting to the election been, and the president has a clear mandate, mr. poroshenko. how important is that? >> hugely...
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May 9, 2014
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granted it was during the steve jobs day and it was steve's way or the highway. i think you'll see a huge culture clash. i don't know if it will last there. >> i'm not going to say it's a fad but you know how figureth public can be and beats are very hot right now, but, you know, come monday morning, don't say risk, a cool factor wearing off eventually. >> absolutely a great point. >> always that huge risk and while you're hot in the cool factor, get the 70% margin and see people on the train and walking around or what have you. wouldn't discount to zero the streaming music. streaming music is a tough business because you do have to go out there and have relationships with artists and they just acquired two people with a lot of graph it is a and relationships with artists and in closing the circle here and getting a better streaming service is a big deal. this is definitely an "x" factor deal. >> right. >> however, i don't think it's that hard to figure out ways in which this actually makes sense. >> just on the merits of acquiring a streaming music service that
granted it was during the steve jobs day and it was steve's way or the highway. i think you'll see a huge culture clash. i don't know if it will last there. >> i'm not going to say it's a fad but you know how figureth public can be and beats are very hot right now, but, you know, come monday morning, don't say risk, a cool factor wearing off eventually. >> absolutely a great point. >> always that huge risk and while you're hot in the cool factor, get the 70% margin and see...
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May 2, 2014
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what happened was, first, confusion about the jobs report as steve beautifully laid out. beautiful number, but the labor force participation rate muddles the picture. in the middle of the day, all of a sudden we saw the stock market moving down, gold moving up, most people attribute that to mr. putin calling for a security council meeting on the ukraine, that that would be a potential figure leaf for him to potentially go into the ukraine. i know is sounds conspiratorial. that's a big issue for the -- >> it's also a friday. >> and you also have the ukrainian election on may 25th, so there's some speculation on, you know, who's going to support who? >> and unfortunately ms. merkel and president obama doesn't really clarify that much. >>> steve, you get the final word, either to today's report or the -- >> i think what we have seen is a classic snap back from the harsh winter weather. the 288,000 obviously has some snap back in it, but it also makes me think that trend growth is a little higher. i think that's good news for the economy. what i don't know and what po policy
what happened was, first, confusion about the jobs report as steve beautifully laid out. beautiful number, but the labor force participation rate muddles the picture. in the middle of the day, all of a sudden we saw the stock market moving down, gold moving up, most people attribute that to mr. putin calling for a security council meeting on the ukraine, that that would be a potential figure leaf for him to potentially go into the ukraine. i know is sounds conspiratorial. that's a big issue for...
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May 12, 2014
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our traders are steve, brian, karen and guy. and we have got a ceo who says enough with all this talk about wind and solar energy. it's putting the u.s. power business at risk. first, to our top store. the s&p and dow closing at all time highs. the nasdaq making a comeback. up near 2%. internet stocks and biotechs seeing a nice rebound. like microsoft, ibm also powering higher
our traders are steve, brian, karen and guy. and we have got a ceo who says enough with all this talk about wind and solar energy. it's putting the u.s. power business at risk. first, to our top store. the s&p and dow closing at all time highs. the nasdaq making a comeback. up near 2%. internet stocks and biotechs seeing a nice rebound. like microsoft, ibm also powering higher
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May 30, 2014
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behind will tthe he's focusing on mobile and the cloud, i think that -- >> we've been listening to steve ballmer talk about we're focused on mobile, we're all about the cloud. no doubt. this is a he can it knowledge company. tell me a tech company that is not focused on mobile or the cloud. these are platitudes. i like the stock. i just think it's already made its mark. >> i think the smart guys under him are the ones so happy right now. they're the people that will unleash the new microsoft going forward. so that is why i think he's so key to being part of this. if you had an alan mulally here instead, wouldn't be the same at all. so i like this going forward. and think those engineers are key to the future. >> it's a $340 billion market cap. how much bigger should it be? >> tell it us who you think won. tweets. bull or bear. we'll give you the results at the end of the show. and from one tech guyment fiant another, apple, investors will be looking for clues about what eddy cue called the best product pipeline in 25 years. ben lear, great to see you here. >> thanks. >> do you want to co
behind will tthe he's focusing on mobile and the cloud, i think that -- >> we've been listening to steve ballmer talk about we're focused on mobile, we're all about the cloud. no doubt. this is a he can it knowledge company. tell me a tech company that is not focused on mobile or the cloud. these are platitudes. i like the stock. i just think it's already made its mark. >> i think the smart guys under him are the ones so happy right now. they're the people that will unleash the new...
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May 7, 2014
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she has made a couple of references to the fall, steve. i don't know if that's what you want to talk about or not. >> no, very quickly, during the break, carl, she was asked about this issue of goosing the stock market. and yellen said she wouldn't deny that the level of rates helps the stock market or is related to the stock market, but she rejected the term of the fed goosing the stock market. also rejecting the charge from the congressman that the fed was responsible for inequality, saying specifically that the fed has an impact on stocks and also on housing prices and the positive effect on housing prices has had an effect for many average americans. and i don't want to keep you too long from the interesting question of bernie sanders. >> no, let's see what congressman sanders has to say. >> -- one year, despite the oppressive obama economic policies. in terms of income, 95% of new income generated in this country in the last year went to the top 1%. now, a study which i've just introduced into the record by two professor from princeto
she has made a couple of references to the fall, steve. i don't know if that's what you want to talk about or not. >> no, very quickly, during the break, carl, she was asked about this issue of goosing the stock market. and yellen said she wouldn't deny that the level of rates helps the stock market or is related to the stock market, but she rejected the term of the fed goosing the stock market. also rejecting the charge from the congressman that the fed was responsible for inequality,...
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May 6, 2014
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steve jobs' successor never wanted to bring the lawsuit. he tried to convince jobs not to do it, but failed. and so they've been engaged in this warfare now for many years. i mean it actually started in 2010, if you talk about when they had their first discussions it's going going on all over the world in courtrooms everywhere you can imagine. nobody in the end is going to win legally. yeah, samsung is going to have to pay a billion the really good case was the first one. that was about copying the iphone, the original device, and they did. now this new case is about copying later features in the iphone 4 and 5, not as strong a case, not as valuable a case. >> but one to watch? >> eventually everybody needs to throw in the towel and get back to business. >> it's a great real. i really enjoyed it, curt. thank you for joining us. >> thanks for having me. >>> sue, cnbc that is compiled the first ever millionaire surv survey, and the hot topic of inequality. other wealth editor robert frank is here with us. >> up next we'll tell you who america
steve jobs' successor never wanted to bring the lawsuit. he tried to convince jobs not to do it, but failed. and so they've been engaged in this warfare now for many years. i mean it actually started in 2010, if you talk about when they had their first discussions it's going going on all over the world in courtrooms everywhere you can imagine. nobody in the end is going to win legally. yeah, samsung is going to have to pay a billion the really good case was the first one. that was about copying...
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May 30, 2014
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our traders tonight are tim seymour, brian kelly, steve grasso, and pete najarian. lionsgate shares getting hit hard. reporting weaker than expected revenue. we have michael burns in an exclusive interview coming up. the top story tonight, the s&p closing at a record high for the 14th time this year. the index up 2% for the month of may, but there are three potentially market moving events next week that our traders are watching. china pmi sunday, ecb meeting on thursday, jobs report in friday. toss in there worldwide developers conference. pete, the action today wasn't that great. >> it wasn't that great but it's actually pretty impressive when you look and see where we are and how this broad participation pushed this market higher. every said sell in may and go away. if did you that, you already missed 2%. if you're looking to next week, that ecb meeting really stands out. the china pmi, we've been watching that trend. it's getting closer and closer to 50. that ecb meeting, everybody has been talking about europe and draghi. that's going to be the biggest market m
our traders tonight are tim seymour, brian kelly, steve grasso, and pete najarian. lionsgate shares getting hit hard. reporting weaker than expected revenue. we have michael burns in an exclusive interview coming up. the top story tonight, the s&p closing at a record high for the 14th time this year. the index up 2% for the month of may, but there are three potentially market moving events next week that our traders are watching. china pmi sunday, ecb meeting on thursday, jobs report in...
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May 28, 2014
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pete, joe, and steve weiss are here on the desk. pete santelli is in the pits in chicago monitoring the plunge if yields. we do begin with stocks. investors looking for some answers. if the s&p keeps going up why do bond yields keep going down? what about tech which has staged one heck of a rebound in may? let's take all of that to the panel. we begin with rick anrates. rick, what in the world is going on with yields, 244 today on the ten-year. >> you nailed it, 2 hoin.44 is low here. if we close here we will comp back to june when we closed that the a yield. think about one week from tomorrow, ecb meeting. imagine for a second that our central bank, the biggest, most power phil central bank in the world advertise, took out billboards all over mntd that we may have to ease again. we may have to lower rates again. we may have to do more stimulus again. what type of message would that send? that's kind of what the second largest central bank is doing. i think that is part of the reason you are seeing this rush into sovereigns. thens t
pete, joe, and steve weiss are here on the desk. pete santelli is in the pits in chicago monitoring the plunge if yields. we do begin with stocks. investors looking for some answers. if the s&p keeps going up why do bond yields keep going down? what about tech which has staged one heck of a rebound in may? let's take all of that to the panel. we begin with rick anrates. rick, what in the world is going on with yields, 244 today on the ten-year. >> you nailed it, 2 hoin.44 is low here....
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May 8, 2014
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hi, steve. >> hi, carl. janet yellen speaking to the senate finance and she was ask about the debt to begin with. she answered with near term government spending reduction causes harm to the near term growth numbers. longer term she says the government has to get its act together when it comes to debt and deficit financing. some questions about productivity and the middle class. she has concerns about inequality and also saying that there are trends in the job market that she's quite concerned about. trends in technology and presents challenge to middle and lower class workers in the economy. not much to do with monetary policy. she did not take the bait when asked about what policies she would implement. she just said on anyone's list would be education and job training. she did not want to get involved in the political debate going on. carl? >> one reason that jpmorgan's note about her testimony is titled brooklyn dodger, referring to where she is from. thank you so much. >> for the record, carl, she hasn'
hi, steve. >> hi, carl. janet yellen speaking to the senate finance and she was ask about the debt to begin with. she answered with near term government spending reduction causes harm to the near term growth numbers. longer term she says the government has to get its act together when it comes to debt and deficit financing. some questions about productivity and the middle class. she has concerns about inequality and also saying that there are trends in the job market that she's quite...
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May 20, 2014
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so i think this continues to work, and as josh said, there's a lot to like. >> got steve weiss on the phone, you're in second to last place. what are you doing today? >> first thing is i'm sending him a thank-you card. >> he thanks you very much. >> yeah. the second thing, community health, cyh. the reason -- there are a few reasons for that. the stock's under a bit of a cloud because of an ongoing investigation and resulting from -- put it politely, maybe padding their figure with his patients -- well, not padding. that's be fraud, but unjustifiably charging some patients, and i think they'll come out of it okay, number one. number two, as we see from other companies that are under investigation with nor severe penalties like credit suisse, that's usually a reason to buy the stocks. the news is so well disseminated, i just don't think it's a factor anymore. but what i look at is least expensive hostile stock out there. they made an acquisition recently, it was last year, so they've got a strong history of acquisitions, and then you can't -- you can't ignore obamacare, where depending
so i think this continues to work, and as josh said, there's a lot to like. >> got steve weiss on the phone, you're in second to last place. what are you doing today? >> first thing is i'm sending him a thank-you card. >> he thanks you very much. >> yeah. the second thing, community health, cyh. the reason -- there are a few reasons for that. the stock's under a bit of a cloud because of an ongoing investigation and resulting from -- put it politely, maybe padding their...
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May 6, 2014
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i'm michelle caruso-cabrera along with andrew ross sorkin and steve liesman. becky and joe are off today. we have a big lineup ahead including martin franken, tenant health care and sir richard branson on a new hub deal. but let's start off with the markets. futures are suggesting positive open. take a look. nasdaq futures suggest we'd see a gain of a quarter of a percent. dow would open higher by a little more than two. s&p would be flat. the dollar at this hour is lower across the board. a buck 69 for the pound. 131 jen for every dollar. ten year 2.61% going below 2.6. we were talking about 2.5 at one point yesterday. now back to 2.6. still lots of mystery about what is going on with the long end of the curve. >> breaking news on big phrma. let's get out to meg. >> yeah, the deal frenzy
i'm michelle caruso-cabrera along with andrew ross sorkin and steve liesman. becky and joe are off today. we have a big lineup ahead including martin franken, tenant health care and sir richard branson on a new hub deal. but let's start off with the markets. futures are suggesting positive open. take a look. nasdaq futures suggest we'd see a gain of a quarter of a percent. dow would open higher by a little more than two. s&p would be flat. the dollar at this hour is lower across the board....