Skip to main content

tv   Fast Money  CNBC  July 7, 2009 5:00pm-6:00pm EDT

5:00 pm
accident that requireded sgegery at's cnbc newssnono > "ft t moy" w wh melelis lee starts rigig n now >> from theasdaq marketplace in new york city's times square, here arerehe tdede to tll you how to get in thehe ga.. you'u' n nee that todaday. after investors emem to be running for the hills, b b not our guys.. th'r'rin it towin ii let's got t tohehe word onn the rereet certainly y chchnilly not agood gn we f finhed clolose t tthe lows of the session,n,as the mimitetes nt on ithe session.n. >> it sounds likeke we're p pla ta. s&p bebeww the20200 moving y,y, oneehing that'ss bn giving m sosome solace. there's a lotff a air down too 83830. i think peopop a are lookiking that. >>e've been talking about ththis one for ilile. i inin it gs thereretomorrow, ybe not, b but that's whe it's headed, fofolk but that't's not baddthings. is giving the people who haveve
5:01 pm
missed this run up to o ge back in. i ink it's a good sisign i'i'm t b bulshsh yet,t, but geg closer. >> we are obvbvususly ahead of earnings season, something, karere t thaeverybody is watching, do you just wait a an sesehohow everybodyanan out? >> its think it's bit o o both. i wouldndn'to inn with th ft.t. ii agree w wit guguy, i thinkit good, the run-up was so dramatic, tococo in 4 4 5% is nonot a bigdeal, butou have have a f funmental view on rnrnin to want to get in fore earningsgs bause the bar is hhh for a t of these lilike retailerers,ndnd thinkhehe bar is getting hierer for lllls. >> itining a sell-off erer the la four,, five daysys. it is cious, it isririve by th commodities ace, owowin inintother seoror as well. you're nowack toevevel you hahavet been at since april. ne we i is critical moment.t.
5:02 pm
you haveve t f fincial earnrngs. i dodoelieve you ed to be close e to flat in your positio heheadg g in as early asyou n.n. wowoul't play the srt trade. >> t thiisishe tradeff the day, the s&pp breakingbelow itsts 200-daday moving average. ceceainly technicalllly aearish sisign does this meaea the rotation trade that we'veveeeeen talkiki aboutto o much,oing defensive,e that doesn't seeee t to wo.. do t tha mean t ttt trade is no for t the f foreeeele fututure mply because thehart isot teteining this is good f the s&p 500. >> it's going into anararnis season whehere suddedenlththe consensus haz moveve beaeari an gegettg into cash, whehere whad it's not a bad p pla to bebe. ere i believe we're aually geiningood da, but r rhtht now it's a risk avse trarade >> you used emphatic last week. 'v've ved whwher the reagsary tradade ss deded, andhehe next s
5:03 pm
l l abt positive eararngngs for e e cond half of 200909. th's's wt you have to bee focucuseon. let's move on tohe sector that sent usowow tay. th certainly was commododits,s, a lot o o thingsn n thfrfray here. oil, xon,chevron, conoco eacach losing about 2%. all thee ccerns that p phahaps the obama administrtrioion ll cocomein,ththe dcdc will cee in and put in regulations o on speculatativtrtring when i it mes specifically to enengy. joe,e,owow does t thaimimct what you do foror a living andd how do it? >> certainly it impmpacdd the ol futures markett early this rning, probably set ththmamark $2wewer. news hit the tape, oil rolleded right back overer. it lookeddike it wanted t t stilile a bibit. i'i' b beetalksing about playing the oldeta naname if t cf is goioing to ststri ththeumber of oil futures contracts thaha any enenti m hold, they are goioingtoto lk into the energy uity names and
5:04 pm
going to tryto crafthe exsusure wheheerer it's oil rvrvic, whatever it iis, they'ree going tgeget their erer exexpore. oil futures, you c canook at thth, and youot toooook at it , you know what? les s be flatat >> let's s say t t regulations to p pla and this a afftsts the kekeof ungnd uso. wewe we talking in the grnrnroo prr to the show this could create some sort of flooror f these efefss b becsese tre can only be soany sharesutut there and trade what exisists >> there's twosides, cuttiting offpepecution inil anand lilititing people onhe ctrtracs they c c t tra will ultimimatyy take s somof the air out ofof t oil marketet. if youpuput a litit oththe size oror amount that thehe programs have hahave y'r'r ghght, they cocoultrade to a premium t the net asset value. so in thee ung's case, look,, has been under essure, becauause as joe's enen saying,, t the
5:05 pm
fundamental are thee n the vyy good. totoy people got spopook by t t news andeded underlyingng stru, ich i think w was tototlyly sgsguid. it'sululli ns for t u ung etf. >> i thinknke continue wewer, but i will say thisis toololy mamake. speculatatio works both ways, they w werseseing this shortnd oil was $35 - - >> bobo would be complaining. >> you should thininababouthat, fofos. >> i think th's the w wro term. speculation, i inink they want the market. what they don'tant is whahate call zombie bursrs, the index funds t tha continue to ther ththe set paperofof ooil >> butotot just i ind funds, e. the hedgdge fufus,s, aren't tho considered eculators?s? ththeydon't tetend on tinin deliveve. . >> they're p plangng both ways, going shshort titime we'r'r talking pasassi index buying, zombie buying atat jus rcrchein.
5:06 pm
as oilarches higher, they continue to bb, bbuy buyuy > but as me point the mkeke catches up with them. thsasa guyss were buyining in 140s, gothohon n th back doooo soso, you leave thehe fe maetetalone, th will correct. down to the adades that don't't work, exxon down $2,petrobras, which has s be this darling, exexn drilled theheirst well, found no o down the in thehe ground, which actuallyasas 40 owowdd by hi so vyy negegatee for alllheseguys. ndtoto t trade real quick, t tddouou $9 w we told you shal lulur jay w wouovercorrect. now's an poportity to look at these things, u bought t tm x or seven dollars ago, you're getting blown o totoda >gree with guy, ion't wantnthehe regulation frommhe admimiststraon, but when you're
5:07 pm
trading, investstin you have dedersnd the admininisatatn they're e woining withth this is s thr r intent, andnd they'r'rgogoin to act upon it. they are goingngoo step in and try t to l lim the a amot of contracts youou c canololfrom t lo s sidin energy futures. >> j, you allllud tohihis before.. they're not gettiti energy exposure thrououghhehe l lik of ung or. soso they'll gooo the equityy sisi. does thahat eaeate this f flo o ney into t the equity side, which will tnn create demand for hose? kan,n,o you seehahathappening all?l? > i they're committededththg that. >o o oi to enengy. >> thahat kekes sense t t me.. t tald about anancean, icich ve had. i had itithehen was up, had it when it was down, bought re today. i don't getoo focused on n ee noise dayto day wtthappens. what i lookt ishehe longng-tmm susupp/demand for oilil i thininkveve time,e, w we llll mama improve, but untill then ii
5:08 pm
don't know what wilillhappen th th speculation, so i'lll g it long if i try to trade it. let's n continue w whh the popolicacal sscuculaon. > put th graphic up. go ahead. >> llet aowow guy adamami t t n en >>how do you know i dn't vote for theguidide? ybe we're havingg lunch next week? >> maybe, ybyb the facact is you don't like ts,s,nd that's why wewe py it. did sese the health insurerers surginingcross the board. rahm emanuel was quoted sayiyi t theoal is to o ha a means and m mecnism to keep the private insusursrshonest. the gogoalss nonnegotiable.e. the path inegotiablele essentially saying a government-backed opopti i i no necessssililyhe important thing. we saw aososs e board the heheal i iurers rise o onthis. >> the ckcktrking.. t tald about unh on jujune 11th,adad a low of3 3 an
5:09 pm
chchan, we saidt t s a p pfefect % % correct,aa week after aetna basically y ewew up, and we mentioiodd t tha day thahat opo hyper and -- want rong is s wrong. i don't know it gss to 0, but 27,28, shorts w wilget squeezed.. we're allabout trading these ththgs. unh tomeme says up th best. > still think thesese guyuys under tremendouou mgigin pressure. nenetiable does notot mean this- erere pressure off the sector. > b negotiable to me,hahat seems like veryy different language that wewe'v heard from that adadmiststtion. >> t thas s potical, though. >> it looked like ty y re openining ee door to something ve different. i i mean, w wwere closeoo a kennedy plan three, four w wks agago,hich would have been, i i mean, just the deaeath now f
5:10 pm
theses companies,s,now a a negotiable path? to me t tt't's a big shift. > i agree, bu if youou look what guyuy sa, theseomomnies are back whehe they were ththre mohs agoefore we started digesting, so if youou buyt here, , u u asme nothing is going to hpen. >> i i ink theylrlrea rereprent a prerett amamat shifif this will not be bususins s ususua ihink they rrefctct tt alreadady. >>oo there are opportunities? >> itdependnd to m this wass very interesting that he saiaidthat. that wasas achangng ioo think ty're more atacacve today,igighe than they were yeyestdaday lower. >> youou a i talked a abo on the lf time repepor today, t the's' just too much uncnctatain surrounding g th c cversation. i don't h you buynn with any gree of certainlyhere we'll be threeee to s six months goin foard. >> goingng bkk w wt guy said, thth makes s som trading vehicleses, so.
5:11 pm
abablulute. let's move on.n. they d didakaka go of it. weep tainin the te after a basic of america a merririll lynchupgrade, thohohh we didd se intel roll over. and guguy,ououe been talking about intel. they have a l lou te. i i dot disagree. i ownintel, b i t thoht they wewe l latto the ance. >> ve. . >> we talked out it ththe oer day.y. we wanangeget out. we want the e ne range is b bwen 15.75 and 17,ueuess what? even with the upgrade,thth're lower on the day. agagai the c comnyny i lo, orlelen v valtition isery attrtracveve but w we id too muh room, too much roooom o on the side, it's had too mucucofof a run. it not that i don't like these coanies, they're all t tran vehicles. >> it's anonoth one of the great
5:12 pm
tenicals out there. this h had h he setup on the se side. >> bmbm 11 was the clolose on bg ue. joe, you'v've enen active on th calllls on this name. > $100.19. i thought, wow, q qtete a mom. >> the t tap forcess y youut. you can't t ha i i there. you've g g t to ve to the sisidenes. clearly and wait r the guguanance >> this is notot auyuyg opportununit 0 is notit? >> if whaha an exnsnsio to ththe wn side, though a ptty ly tape of w wt we're eieing right no no, you s sta tohe sisidenenes. ifouou sese stability ithth tape and it loooo like the llllg i bsiding, yes, ibmbm is the me. >> youou do thesame thing,g, g? >> i thkk it's inresting.g. ththey gave you guidanance ththtatape will beusy. does it trade 9999? maybe, but now it's s ateaea
5:13 pm
lelsls n too dip your toe, so yes, i like ibm. >> i like ibibm. it's'susust a tougughime to be plplayg this meme wowoulbe wait fog it aunun 95.. let's stick with techchnogygy. he's saying they're llllg really well,ut the scecess already baked toto i gene, great to have e yoith s, why not raisehe estimatates i the channel checks arare tttt anan wt youexpected? >> that's d defitely a possibilitity. no question now isis good time. ju w wilbe go, but september and december will beuguge for these gs.s. >> why keeee it conservatiti?? whatill be the catalyst ththat moving ouou r rig now a these n new pructs came o o at ththe ry back endof ju.. ththe e wi be a p posiviv i imp on septembmb a anddecembmber so it's something weweononder beforere they report their quarter. f far half of them aold out of the 13-inch acac.
5:14 pm
th means demand ouacing supply.. at&t is sayinin the iphohone isf to theeseststart they've hadad. if yo go too espn, today it's just crazy, yououee starting go see the app developopss basicay adadveisisg for the iphone. this is like a boa constririct onhecompetitioion. theyey'r swly squeezing the fe out of the competititio it doesn't get reflececte in jue estimamas,s, but clearar going forward.d. >> and gene, w wheyou cover stocks likepple or google for that mamaer, you have to o ha view on the broader market, soi understand you begg conservativeve, tt because you'e worried about toverall tape? >>no, i it' more foror just the nene quarter, bauau a a these nenew ododuc came out with sisicay three weeks lefef in the quarter. i tnk our clelear msage is december/septembmber qrters, thingsgs g e eier for apple. but we're v ver optimistic over
5:15 pm
e e xt six months. >>o the report on july 21st,i ink the street is looking for $115, whwhatrere y looking for? >>f you d do the mathth, about what the dpdp ggests, it's about 1.21. momore importantntlyptptber/db numbererhahave easy compmps. that's whehe the street numbers reallylyeeeed come up. so you ownpple for the back lf ofhehe year. . >> gene mmueter, great to speak thth you. > whee a appay be one of ththe americaca farite tech stocks, lalate in the s sww we' realalnother. m movg on, discover plplan for $500 million offering, which we t tolutut yeyeerday.y. bupmorgan and welellsarargo bucked the tape.e. we are showing the technical breakdown whwh i it comes some of t the ssreres. financncia o o of the sectors th led us ghgher but we e l loo like it'scrcrsesing th200-day as wewell as 50-day
5:16 pm
momong average thehere there is ananti-golden cross, this may be it. right. and if you lk at t ee earnings, have charge-offsoioi up 25 toto30%, noerforming assets increaeangng. net interest marargi will g g little betteter dde thinkhe trading side lllle a lot bebeerer, t the earningssrere nt going to d dtitingsh ememlves, d people will try y toooook the models a saw h do theyy find this, but they'veve dilute shareholders significacalyly he, and people stitillaven't valald that in. . >> absolulute.. when youou l lk at some of the banknk that s spealize in th rtgages, you're talalki about how they s shod d making up money on the mortgages, homee delinquencies s seses arecord. >> thieve tellingng you, all o edit cards have beenelelli you, we'll coininue to see linquencies rise for a at ast twtwo re quarters, so that to me isn't the e ws. i ink that a l of that is
5:17 pm
alreadyakak in, i thihinkhehe dilution is s rereadbaked in. and so i tnknk that a l lot of islrlrdy in there. i dodo believe it's all a autute loan lossprprovionndnd getting anany sense of when that coulul atatea i don't think k th e eect ito o be thisququarr nelly. >> mm f fisishe hihigh opinion more t tnn 0... >> w wveve bn saying toplay it from the shortrt side,ndndhehe her day we said y youanan't short it h he.e. think these stocks on raieies are shorornstead of buys on psps morgan had a nice day, bu i think people were g getngng ththemlves squeeeed.d. a lot of pple got ueueez on the way dodown therere'nono w to deribe it other than the factt't's been trading in a well-defined nge. >> andndtt goesacack to nextxt week, how i imptata it is,, tha isisoioingo set th stone of
5:18 pm
where we go from here. > bf we a a believer there will be a r ratatiotrade going into t secondalalf the ar,shshou we believeve at rererdrdle of what the nanancls report in t tmm of tttt than expececdd earnings or no t the will be a a rototatnn t t of this searchlhly because they were topererfoer in the first half?? >> i inink people are srting to rotate out, butt the q queio is when when is it t to r ratat back ii it's aatter of enen youet ba in. thth middleff jjul or a areouou going to haveve toi ununtiseseember or octotobe >> let'move on check onon some after-hours action.. ruby tuesesdas s ading sharply higher beating eararnis s estimate. sosowhwherin the lower e e of ititrange. do we haveve a comeback k rr ths > ha you ever b bee to ruby tuesday's? >> i i he e nonot. i i thoughtou were going t
5:19 pm
sasatt. however, i am short names l lik yu burger king a andalifornia pizzzza tctcn. i iis the emergingheheme that's driving these rnrnin. ruby tueuesd s sdplding in e middle east right no that has been a renunu drereror ththem >> wereouou here theday we had the bucket o chchkeken? >> no, thank god. >> w we talk about yourur favor ststk.k. >> i haven't h h kkince 19.. >> it washe gririll ccken we had. next ade, before eninis season startrt o on wednesday. should you follow them? brbriaeverby, greato o ve you back with u >> great to o be herere. >> the thesiserer that t is coconvtional w wism is eararngn ason will be absolutely disis mall. hohow you position yourself?? >> as far as w wha i see goioi
5:20 pm
onon i aa moreeeaeari signs thth b bulsh. we've hahaaa 35% gainss from th march ttoms. so p pple are tnking we overshot o on e e up sisi.. if you look at the chart in the s&p 500index, the one with the 35gain, 're seng a head-and-shouldeders pattern that'sforming. if we g g to o atat 8 level, i don't think we'lll opop. with thatsa, thehe's'sone her thing. being an options analyst, i i alwawaysikikto talk a abo the vix.x. what we've seen in t t vix options, in the july contracts and alslso the augugus contract we've almomosteeee3 to 1 o ope interest on ththe llll side v vs the putside. so that alone d doe't't r reay alarm me excepept rr theact that at whahat onene are being aded. if i i l loo in the jululy contt at the 4242.5 strike withh t vi,
5:21 pm
gegevolume, alsoooioi out to the augusust contracts ithe 45 strike w we' seeing h hugvolume ceceagain, soo these trers are basically saying they'y' thkiki there will beucuch more volumetivelyly o ove earnings t whhe marketplace is workiking in to the markrkett t th moment. >>ououre buying puts on at, then? >> i would say g goi intohehe market we e ha lot of peoeoee saying bullish oror eaeari. i would d li t tsee retale vestors buyinginsurance, like lolookgg at a dierent ininx. if you're l lon the s s&p i ind withthouour poportlilio, lookat buying deders a as heded, , m going on the til september. >reilil? > actually we've enen some interesting trades that just happened recentlyy i the retail sectors. ththe currently was a lot off puts thattcaca inouough on the xrt,he reil f.f. what wewe s was a bit o a wnturn because of the e market..
5:22 pm
they came in in the july contracts, some profitsanan actualal oned more contracts farther out of themoney.y. ththeye staying they're extremelyeaeari over th next tetedays. > brian, wawa grereat thave you with us. brian n ovbyby. one company's solututio to ee housing crisis -- shrink wrap it. no matterer wt the size. th re deal online repepor that a fast-wrap franchise will shrink wrap foforeosed, unfininieded a abandoned properties t t keep out the elements, rents. > shrinkwrappingng? >> fast wrara good time f f t t show. comimingppon "fast m mon,", the whwhithohous has traders a
5:23 pm
over w wl l stet saying ally? ththatlus a lot more cocomi u u on "fast m mon."." while worldeaears s cappuccinos, " "stst mey" goes to w wor and gentlemen, s sta your trading engngin.. earnrnin season bebegiinin with alcoa tomorrow. a top analyst tellsls us i if t dow's commodity stock can geget this markett started fasas off e li,, wn aameca's post-markett show continues. oooo
5:24 pm
i hope he has ththatnsnsurce. aflac!c! you really need it theheseayay w come? llll iyou're hurt and can'ttwo. yeye to help with evereryd b bil like g gasththmortgage... ...and groceceeses. 's's le insurance for daily y lingng so...what's it calalle uhhhhh afaac!!!! oh yeah! thatat i it! aflalac. 've got.
5:25 pm
last month, this woman wasn't even able to get around inside of her own home. they chose mobility. and they chose the scooter store! if you or a loved one live with limited mobility call the scooter store! no other company will work harder to make you mobile or do more to guarantee your complete satisfaction. if we pre-qualify you for a new power chair or scooter and your claim isn't approved, the scooter store will give you your power chair or scooter free. that's our guarantee. they were so helpful and nice. they filed all the paperwork, and medicare and my insurance covered the cost. we can work directly with medicare or with your insurance company. we can even help with financing. if there's a way, we'll find it! so don't wait any longer, call the scooter store today.
5:26 pm
> welcome b bkk to "fast neney. we're livevenn times uare. some read vice president biden's adadd admission that the administstraononmimisrd,d, as a hint thatt tdmdmintration is preparing g a second stimulusus ckckag alal? you've o onlspspen 1010% o of t first $780 billion i imulus. inininus mark zandy.y. mamarkhas %% really been n sptt ininerermsf the total? and is it t oo early sayifif isis tng is rking? >>ou know, i don'ttnono where that number r c comg from.
5:27 pm
anan it is working,asas best a cacan expected. you now, it's stitill early on. i think the maximum impacact wi beater this yearar, soo it's premature at least at ththis inint. >> can youou explain the mechanm for unleleasngng the rest of th what what we'veve s see soarar tax brbrkk stulus.. atat wl happen on the infrfrasucucre spending in whwht would you be looking for?? >> the infrastructure spendndin is amamall piece thepie,e, $1 billion o outf the $800 billion package. stst of it ight too statete governments, that't'slolong roroug to make medicaid papaymts, and help to o th educational systems. it's h heldd unemployoyed wworr tatacutstoto individudus,s, che to social securityrecipients,s, so the infrastruructee spending that will take a whwhil but that's a smallll partf the puzzle.. what is getting intoto t economy
5:28 pm
is inink having an impact.. to gauge whethert's workining, wewe lt 2.1ililli bsbs in the rst quarter,1.3 million the second. if we lose, say, 750,0,0 in t cucurrt t quarter, 400,0,0 i i foururthndndhe job losses a ate by this time nexext year, in m fifinion, that's succesess.s. >> if the ununemoyment rate h ht % this arar, mark, thenthe stimulul p placould still by rking? thatat not aa reason of saying, it's not workingmamae we should spend morere money?y? >> o. they were just wroro a at e firsrst he year. interestingly enouough enomists wewe w wro about a a l lot of ts acrdrdg to the ececony,y, but the m mt significant errorss wee thth rpect to jobs and unployment. erere e increase in unplploynt is much more anan uuould haveanticipated, given the decline in gdp. the problemem iouour forecasts were overly titimiic. it's n n tt the stimulus i't't
5:29 pm
working according t t scriript >> ma, it's karen. wh do you make of e dierent voices atat seems to be fatatin this trial balloon of a sendnd stimimusus packaka wanting to g ggege the puicic or-- i don't know whwhic exactly whose reacacti they want uguge,aybe othther liticians, howlikely iitit that thisisis really what t eyey wt to do? >> mamark before you swer that question, i want to brbrgg i the comments frorom laura tonon who wa the presiside's's adviser on the advisory panel.. is it tooararly to makee t tt ncncluon, in your viewew? >> i iny viewew, it is. ihink theosos bebenett we'll se is in the currentt quarter, the fourth qutete and particularly witith spspt to jojo, , it won't b be until the of this year andnd early next. i think the admininisatatio is worried.
5:30 pm
they h hadeaean to bebe. ththe econonomyatat lst accordi tohe jobs report,,in juneas very weak. soso iss t stkiki to t the trtrenlines they wouldldikik to e,e, s they're thinking, w wha dodo w do i ie don't stick to the script we held out for? e e int if theune employmentt report h had ce out mayand the playwlwlom reportamam out in jjun remembeber thosese numbs were much bebett thanhehe june numbers, then wee wouldn'tbebe hahavi t ts ddisssion, but i think that's the e asasonhy we're havivingheheiscussion. >> in your view,tt sounds ke th also may we a talal lloon. so i ithat does onn the dooro a onony that may not be e recovers, including investors on wall street? >> i tnknk that's o strong a a word. i think they'y' nervous. they want toet everyone ow that t thearare they'reororri aboutt this, ty'y're think bein
5:31 pm
this, they're no oututff bulles things don't go accccorngng to howhehe pepectbut i don't ththinit's a trial bbloon. ththeye sayiyi hey, we have a rerest, and i we d d't't sck to ititwe'll come up with someththinelse. >>arark andi, thank y ry much. gbaball coordinated imimus packages are what worked in n th f fst qrtrter itit w a stabilizing quarter. it was the stimulus p pkakageut of inin that worked. so anothther s stilulus package heheregreat, butut g o dd get otheratatns dott it globally wellll >> or another mee specififi way toto deployoy themomoy. >> orr maybe balancing.g. i don't know thatt we can g get away w wit this, a i think there's a l of debatewhwhher e e fit one is working. inststor dumpingg sharesff ererytng today, ahead of one evevt, the season's ckoff, but
5:32 pm
alcoa washehe best performer in the owow where t thi wall stree take i i after the report? we have david hehe, a p pleurur to have youun theprogogra whwh a areountntipating coa toreport? >> we thkk the earnings already etettyeak tomorrow. we'r're okokog anotherer b losss we thinkhehe positivespspec of the stock camee out today. t thoht what they said about the end marketwawas better t th ththe tutual mber.. ththe ceo had a speechin moscow where he sd d believes u.s. the andnd china are bottoming. bubut think th's's whatpepeop are worried aboututso i think that came ouout today,y, a i thk you'u'llavave a a a think showi tomorrow. this worried me as a a trader. he raised expectations, hee
5:33 pm
ntioned the auto trade picking upup. here he mentioionehina ststululus these are plalat attitudes t th we've already digested. so do youhihink this is a l ltle daerers for the ceo to make ththoscomments day before eainings >> i thinknk t the positive n n nonow outut. ththe earnings low p pssssur pry weweakanand i think there'still judgment to sayay whethther thes d d rope arebottoming.. we knoww that auautossimprovovg t some of the e end markets could penenally haveowown sides. > tnknkou. > > weanto go to mike huckman who has breaking newss n amgen. > is s aring inned ter hours, because justt aououe minutes agag gen, the world's largest biotechnology company,y annonound d relts of a large,e, late-stage clininic trial foror the drug it's f feded f fda
5:34 pm
approvalal f story ocess, b but also f for treatmentntff certai ncer tients. it annnnoueded that t drug met ss two main glsls involving breast cancer patients for w wm their cancer has spreaead t t zone. they've e idid it works well on brbrea cancerer patients, thaha mettitit two m mai goals. many analysts, melissa, say ths a blockbuster r ugug ithe making. >> mike huckman, thanks so ch. ishere a trtre? when iiqiqdated the stock, i told kareno buyit. did you buy it? >> i d not.t. >> 's's great company. for a trading veclcl it is veveryololate.
5:35 pm
>> and we'll k kp p yo uuatated iss a espionanagetory worsty of jamames bobond but t top secret trading formula d what it't's alallyorth. thatats s ne. a a totonit't' tradeder rade ok at the s sckcks ligightgg up screens. isismpire was foundedouout theananuptcy of l.a. gear i in the '90s. these daysyst't's known for the famous celebrity endodoerers. anandhe stock wasas running uppe charar t tod after issuing a positive outlook for ththe sec half of0909 who is it?? the ants when "fast momone returns. finally, good news foror
5:36 pm
5:37 pm
o2 trtroding new nutrisysysm m d,he clininalallyested program for lolosi w wght and reducing blood s sarar. hi i'm mike, and i losost when i was firstdinosed wit, 0 pounds on nutrisystetedd atat fst step was more like e a ananleap. a clinical study peopop on nutrisystem d lost 16 titimemore than those on a a hoitit-directed plan. counting carbsbs, lories or points. i lost 100 lbsbs. dd lowe. nutrisystem ddchged my. mike is one e ofanany o have lost weigig a and controlled their d dbebeteed my. with new nutrisystem d d. baback b by years of researar a andow glycemic
5:38 pm
dex science nutrtristetem works. satisfaction guaranteed ororour money back! loloseeight. live betette llll oclick today. >> skechers, thth natition largest retailer ofstreet footwear was amomong the mostt acacti on the nyse today. >> welcome baba to " "st money.y." we've got a big g cocondalf. dodot-mmdidive but d dyoyoubuy hehere we'l'lanansw that question andn put thehe k kid to sleep, we a saving the plays forraradi
5:39 pm
afaftedark. time fortrtradg the globe. dadavi reedle, who o inins fro sasan ancisco, avid, a pleasure tooin you. what are you buys? >> india and brazazil but look t th, , moody'y' lking to upada upgrade, aery blilish bbget, d i thk it's great buy it is opportunity for thehe banks a tetecom. >> h hey david, ts s imim. knknow you're the tad anan we'r'r seeing comommotities getg pped out. tell me whyhy thiss economy isi onlyxpxped to an expoport commodity play.. >> only 13%% is tied d ton n external trarade u're missing o if youdodot own someme oththesstocks.
5:40 pm
look att t tt he e o lastweek, very successfulul. that's thekind ofrarazi you want. >> i didn't sappointed. w about india? we learned y yesrdrday their defifici spending may b upo 10%. ybe the u.s. getets a ay wiwith that. i n'n'think india does. . >> what iteeds to d is fix ththtatax llection side of that. >> chl, davivi >> what's that? chl. >> china mobibi,, wee like the roll-o-o, , wh they're doing wiwi w wiress internet access. it's goioing to be huge. > did, a pleasure to speaea with you. time now too today's edition of "pops & drops."" we have drorop for dj real estate. karen? >>yeah,ou know, reall estatat is a volatile sector f for sure.
5:41 pm
vacancies are gogoin up, n surprising renent lllls are ing down. j jorgan what was a p pop today. jojo i i i think iwas the tatati within the financials. jpmorgan now t the story isll ababounext ekek earnrnin. . >> cataterllll was dowown 5% on the esessi. >> lolo,, this is not autut russia. lot of peoeoplwewere talking about the commodidieses trade ws hurt today. prprectionism a all over the gle meanshehe productsarare becoming more exexpeiviven other placaces >> this is a decent eryry popoin i t thi the tee ha room the downwn side,, butouou'r getting levels that me muchorore sense than aeeeek and a half ago. >> californiniiou a s sad totor. last w wkk california started issues ious, saying w witutut
5:42 pm
them, the cashould be runn out ofy the end of the month. a groupp id they uld no lolong september thehe ious on friday. more "fast moneyey" ghgh after thisis.
5:43 pm
5:44 pm
5:45 pm
welcome back asas money." we're in the heart ofofew york cici, time forrading after dada. while sosome invesesrsrsare rnii tohehe defensive nas,s, our next guest is h hea to go vice trtre. e e jos us fr seattle to share e he plays. ththefundamentalbehindnd th people aayay smoke and drink ass wellll. >> exactly. what's more pererfe fortrtradg tetedark f beer and cigarettes.. if you looook athihip moisis, it'strading about shallll tis,s 5% ddivenen and aost hf of its revenueues coming froro asi and delelopg nations. when you statart looking that and d whee we think thehegrgrow will b b i thinink it'ss a slamm dunk. onon t o oer see moulsencoors, trtradg g not geining the le ththathehe anheuser-buschnbnbev
5:46 pm
rger has tten. ihink they'll still doo okay. with grain prices ingo down, it should d he t tm on t main side. a stock ver,ubub tuday's, raised s guidian. in youour ewew, there any valuu out thther >> based o on what i'm seeing, w are seeing p pplple trade down. t t much in the higher-enend ststrants, going where t the cacan takethe entirirefamily. so i think t tholalace are stayayin fairly sy. >>patty, i it' kakare doou alsoike atltltri versus philip morris? i meme the international sidide of phillip mriri altria, it's a good plplay but thininththe internatatiol l de philip morris has s mo sex and viololen t t it right no >> pay, greato o ha you with usus. >> i love thth sex and violence.
5:47 pm
>> wet got important, s, violenencewhwhats this show comimingto? > o c comon. i'm telling you. >> se vlence and dividenen yield. >> oh, that makes it o oka a right.. upupnext,,ouou aeded, we ansnsw. eaearlr we receiveve a fastt sssse from kim that t keked karen, do you ththinnonois the me to get back i kakan n wi awer that question for kim in new york. ♪ look at this man n
5:48 pm
♪ so blessesewiwith inspir♪ ♪ i don't know much ♪ b i know i love you ♪ and that may be ♪ all i n nee ♪ to knkn nnouncer) customoms s lo ge aircraft engineses ininnotion today for amamicica'tomorrow. know-it-all..... pert. a a gu.. khow about wu?.. pert. wuwu wl do. where to?fit stop... peru. vincent wu to katmandudu. what's n nex timbmbuk.. eaea ce 212. so, , mbmbuk, katmandu, peru, anand 2.2. all l h halpast 2:00. not t prprobm. [ female anthat'sr ] the human nenetwk k fect.tn.n.
5:49 pm
lelearmore at cisco.c.c/n/newys. phphew
5:50 pm
>> welcome back to "fastst money." we're live at the ndaq mamarksisi. time for t t flashsplash. check out sheses of silicon vaeyoster child google. shshar s spping elelow the 00 mark for the firsttiti since lalateayay. is google a a y?y? whwhat d dyou think? oh, you, over tthe. >>alaltion whwhy, 44, , 42is the righttprice. no matter h how you slice it, above e 4200 it's a sell, but i
5:51 pm
a gh betaname. so if y you think the markett gog lowewer,ststing awaway >> if you ththin it's gng lower. then -- the correlation.n. >> i thinknk it mightht b becau binge i is stealing so much mamk share from goooogl >> you justovove to d do that.. >> love ththatiningedon't you? >> k kims s wring to karen. do you think now iss the time t get back in? karen, what do you say? >> i i wish i had s sol it all,t i didn't and actctlllly that wod irrerelentnt. i dodoththin it's good time to get i we bought some toy, bought some stock an boughtome cacall >> pete e jacksonville e wresei thought todada t tha a an forier wasinvesesngng, wouldananof the traders follll s sui oh, hello. th'r're cutting costs, raising
5:52 pm
premiums. grtt balance sheet. they'll buy backshotot. i hatechchasg it, b wellpoint kekes nse. do you like ththat? >> do.o. finanall a a message frfr don i new w yo,, with today a sharp deine in ice, is this aaigigna to buy or stayay ay?y? >> i think y w wan to wait a a bit. e exchanges will l mo a a ltle lower.r. all righgh you gogotouou aners. coming p, whether y youhould get into is name rigight now. plus the finalal trade i your first move f foromomorw. we'll bebeacack just a moment. mr. evans? this s is janice from onstar. ututatic signal i havn you've been in a arorontnd crash. do you neeeed lplp ah. ll contact emergency services and stay with youou.
5:53 pm
you okay? yeah. onstar. standard for o one. withth auiuies from fidelity. for life -- guararaneded.ak call...
5:54 pm
anleae titiment income thatat w't'to down -- guararaneded. call fidelely y at. guaranteed income e folili, ananchchan the way you think about youruretetirent savings.
5:55 pm
time nowow to realal whoad e e mo money todayy in t whwhe e enre world? according g to a repopo publishd today, eddy lambert habeen sesellg g rgelocks o o his autozone stakake. he h has nlnlded mo than $538 llion in autozone. lamper has watchchedisis 23 llllioshares climbrom 5 to a 52-week high..
5:56 pm
would you takeke profits? >> yes. > and beforor we reveal who made - - actually y -- >> be just didid i ststatofof t states tomomoowow, ree governors. soune in f th.. final l tre e here, tim. i'm a s selr of these health cares,s, s aetna i think today' momo w wasoverdone.. there's a l l of ununrtainly there. >>i'm going to take w weloiois. >> araren >> yououkn,, i am putting m moy y whe my mouthth is.. i'm buying b bac e.e. >> i'm'moing to go to mcdalals, buyuy a bit. i'm goingo o ge myselfnenef
5:57 pm
osose black angusburgrger hee aa ttttleite toeeeelbetter. got to go. ananksor watching. sesee u back here tomorrow.. . e e fference is ford qualility quality t thacacan'be beat by honda ororoyoyot d d at difference is in evevervehicle in our lineup.p. which includes t theosost elel-eicient mid-size sedadansn n erica. now, drive the ford d diererce meme a we'll cover the firir t thr payments. hey.....dfefere is good. test d dveve ifor yourself. sit ford.com and drdrivththford difference. riri f foriabetes. diabet
5:58 pm
introducing new nuisistem d, the clclically tested programm folod reducingng bododugar. hi i'm mike,e,ndnd iost 100 pounds on nunutrysysm d that first step was diagrere le a giant leap., till i discovered nunutrysysm d. in a clinical ststudpepele on nutrisystemem dosost times more weieit t an reduced their blood d surr plus a1c w wasededuc .9%. choose frorom erer40 menu options,s, trere ino i lolo 1 100bs. and lowered my b blo s sar level. nutrtrysysted changed my life. mimi i is e of many who have l losweweht and controlleded tiririabetes with new n nutsysyst d. backed by 35 years of sesech and low glycemic index sciencee trisystem d works. new! nututristst d. lose weight. liliveetter. call or click today.
5:59 pm

603 Views

info Stream Only

Uploaded by TV Archive on