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tv   Power Lunch  CNBC  September 23, 2014 1:00pm-2:01pm EDT

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sounding. >> final trades. >> oasis petroleum. >> pop chips. >> citi is going up. >> that does it for us. lace them up. "halftime" is over. the second half of the trading day starts now. >> the small caps becoming a sector of concern down more than 1.5%. since first of july small caps down almost 5%. will the russell leave other major indexes lower, as well. they are announcing it is coming in three minutes, a big move from caddie. with us today a man who has cracked into an iphone like a surgeon cuts into a patient. we will see what he sees and how to trade those components
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possibly for profits for you. first let's check in with sue at the nyse. >> we are going to start with small caps. >> let's look at the russell versus the dow up 5% in six months. and then the nasdaq composite up almost 6% and then the s&p up 6.5%. morgan brennan is at the nasdaq for more. hi. >> that's right, the dow the s&p and the nasdaq are all up this year but not the russell 2000 which includes smaller cap companies down about 3% year to date versus the gain of nearly 8%. an 8% increase for the nasdaq, a stark difference there. the russell 2000 dropped 1.5% yesterday and hit a cross with the 50-day moving average
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falling below the 200 day. that is the first time we have seen that since august 2011 something that could be a bearish sign. strategists tell me this is part of investors rotation out of the high momentum smaller stocks into the less volatile larger cap blue chips, a defensive shift in light of the likely move to begin raising interest rates. small caps are much more vulnerable to changes in rates. we have seen a similar move among momentum needs in the internet. chief market strategist at jones trading says how small caps perform over the next few weeks in light of this will have more meaning than it did in 2011 since this time markets are near highs. chief market technician at mkm partners thinks this selloff could begin catching up with the rest of the markets, that there are enough warning signs to
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suggest a modest pull back or consolidation likely in the coming weeks. so looking and listening to all of that and looking at that the russell 2000 right now is trading down along with the broader markets down a little less than a quarter of a percent. >> thank you so much. perfect setup. will the slump in small caps drive down the rest of the market? joining me is david ellisson and andrew slemen back with us, managing director of global investment solutions at morgan stanley. morgan really laid it out beautifully, do you agree that the small caps have further to go to the down side? what is the impact on the overall market? >> they are more earning sensitive than larger cap earning company. in the financial sector they under performed because they think rates are going down. the spread is a big part of the revenue. as rates moved up the stocks
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rallied back but are generally down for the year. >> how do you feel about the market overall? >> i think the market is following the economy. the fed wants the economy to get better. i think this year i thought wasn't going to be as good as it was back in january. that's why. i think generally the market is where i think things are priced fairly. if you look at the bond market you have rates very low, negative yields in parts of the world. i'm not sure people understand that as well. i think the market we see here is priced every day. you can be more comfortable that the prices reflect what is happening. >> the overall market, you were watching valuations and earnings very closely and then i turn you to technology. >> i think it is just a classic september. we had a very strong august and september is usually a little bit of a risk off. i wouldn't look too much into the small cap trade. i think fourth quarter after this month fourth quarter should
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set up for a very good quarter for the market. and i see no reason to think this time will be different. >> before i turn you to tech let's go to rick santelli in chicago because the two-year note just went off the board. how did it do? >> a for apple. remember two-year note yields are basically hovering at three-year high yields to begin with. the yield at 29 billion two years was 0.589. the bid to cover 356 well above 342 since faeb of this year. we are really solid was close to 41% on indirect. you have to go back to november of 2011 to find a better number there. . 42% went to dealers which means 57% went to the end users. that really we are monitoring we
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are closest. apple has been funt and center in the news. you have liked apple but you like it a little bit less now. >> remember a year ago we were talking about a product cycle company. it is going through a period with no new product. everybody was predicting the demise of apple. it is up 100% from last summer and we have forgotten it is a product cycle stock. you have to be a little more cautious. i believe you buy good quality stocks. apple is back into favor. >> what about google? >> google hasn't performed as well as apple this year. that spread has come in. the differential is much more narrow. i think google is a much more attractive buy. apple is not the same opportunity it was last summer when it was very depressed. i think google is getting to
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depressed levels. >> what would you put money into right now? >> i think you put money into the domestic depository institutions in the country. that is where the safest balance sheets are. if the economy gets worse they have a strong balance sheet to survive that. >> thank you very much. appreciate it. >> the united states and five arab nations began air strikes against isis in syria last night about 8:30 p.m. east coast time. results are unclear but the attacks came from the air and sea, command centers and training centers and grounds in eastern syria were targeted. president obama made his first comments on the air strikes this morning. john is live in washington with some of what the president has to say. >> i'm here at new york at the clinton global initiative where president obama is coming this
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afternoon. before he left the white house he addressed the air strikes that began last night, what his critics have been wanting him to do for some time. he warned the results were not going to be immediate and this struggle will go on for a while. >> the overall effort will take time. there will be challenges ahead. we are going to do what is necessary to take the fight to this terrorist group for the security of the country and the region and for the entire world. >> the foremost challenge is getting boots on the ground, not american boots as the president has said repeatedly. he wants moderate sunni allies, the people saudi arabia, united arab emrates who cooperated and participated. the acid test is who will supply boots on the ground to join the free syrian army rebels.
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the treasury department introduced legislation to those who buy overseas companies and move the headquarters overseas and you avoid u.s. taxes. details on what the treasury announced. on the stocks that could be most impacted and many of them right in meg's wheelhouse in pharmaceutical and medical. >> presto is pretty much it. the idea that the the treasury department announced targeted things to do to make inversion deals more expensive for companies and lower likelihood that companies are going to want to do it and they can't eliminate them all together without an act of congress. that they say is unlikely to happen. the obama administration move
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while criticized by some republicans and some in corporate america got an endorsement from bill clinton talking to our becky quick. >> everything we are doing now including these inversion rules i have no problem with what -- i understand the treasury department is legally obligated to get as much revenue as is owed but we are bailing water out of a leaky boat. only two things to plug the leaks either we undertake corporate tax reform or every other country says we are wrong and we go back to doing it the way we used to do it. >> every other country is not likely to say we are wrong. >> thank you very much. to meg now. pharma industry could be most
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heavily effected by this. what is the status of deals we heard about and what is next? >> a number of these companies pursued inversion deals and their stocks are taking a hit today. we are looking at abbvie. the deal was expected to close in the fourth quarter. both of those companies have been down today. another is medtronnic which announced a deal to buy in june. medtronnic says it will release statements following the review. that deal is expected to close in the fourth quarter or early 2015. others affected include mylan, salix. other stocks getting hit included astrozenica. a lot of uncertainty over how
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this will effect deals. one banker tells me this is likely to chill activity but too early to make predictions. analysts like terry haines suggests companies could put up legal challenges including whether it is exceeding authority under the tax code and whether the plan meets legal requirements. they note the treasury hasn't stopped inversions but created uncertainty around them which at least may curb the practice. >> thank you very much. we will be watching that story as it unfolds. another one we are watching is a developing situation, police say three people have been killed in a shooting at a ups facility in birmingham, alabama. the gunman was an employee of ups and apparently was killed along with two other people in the gun fire. we, of course, will monitor the situation and bring crow the latest developments as we get them. as the housing market weakens where are the buyers and sellers
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markets? who has the had leverage in which neighborhoods? which neighborhood you live? >> reporter: it is important to know because two of the biggest american cohorts are being to be moving in the coming years. we will tell you which ones and who might get the best deals. given the state of the housing market do you think it is better to buy or rent right now? join the conversation. give us your vote at cnbc.com/vote. speaking of real estate, cadillac is moving. where? phil lebeau knows. >> out of detroit. it is ironic that as we speak one of the vice presidents for general motors is in michigan giving a speech about keeping detroit the epicenter of the auto industry. we will tell you where it is headed when "power lunch" returns. ♪ like, really big... then expanded? ♪
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we are taking a look at shares of lane bryant, dress barn. the company posted weaker than expected results for fiscal fourth quarter and an outlook below analysts estimates. the reason the company is citing challenging at justice as well as inventory concerns at lane bryant. the u.s. and five arab
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nations began air strikes last night. for the first time the u.s. used a new weapon in those attacks. jane wells is on the defense beat for us joining us from l.a. >> it's really not a new weapon, it is just the first time it has gotten to do something that it was built to do. the most expensive fighter has been a jet without a war until now. published reports say it made the combat debut. the jets were used in the first wave but the pentagon won't say how many were used and what bombs were dropped. this is a long overdue introduction of a stealthy jet which costs about $150 million a piece. it has not seen action since nine years ago. in 2011 it wasn't used in the no fly zone because it is so stealthy. it is mostly meant for air to
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air combat. there hasn't been a lot of need for that though it can do ground attacks. it was made. there haven't had much need for air to air which has been the problem with f 22. now, the whole program has been wound down. they delivered the last one i think 195 of them two years ago as lockheed began transitioning to the more capable f 35 which has yet to go into any action. it is still going through testing at this point in training. back to you. thank you so much. let's get a check of the markets for you. the dow jones industrial average, the last trade on the dow is just modestly to the down side but now it is down 85 points. s&p 500 off eight. for more on the trading action
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bob joins me once again. the fundamentals don't seem to justify the type of selloff that we are seeing. >> we got very good news out of china. a lot of concern about slower growth in china. the numbers we got on manufacturing in china was better than expected at least in positive territory. china was up. take a look at emerging markets. didn't help the rest of the world. we were expecting a bounce in emerging markets like brazil, south africa. there is not a lot of energy. i think there is disappointment on that. we are expecting some kind of bounce in the commodity complex. we have been talking about this for days on end. crude, copper, nickel, commodity markets put them up. generally it has been weak. we have been waiting for europe to do a little bit better. germany didn't have a very good day. their manufacturing indexes in europe in general were
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disappointing. that closed at the lows for the day. these slow growth concerns are weighing on our markets overall here. a couple of sectors are weaker. the auto complex is weaker. car max with a bit of a disappointment. that is down 10%. they had uncomparable car sales and auto nation to the down side. the only thing with a bounce is finally energy complex after having a generally horrible month. they are finally starting to see a little bit of life today. >> people are looking for value and those stocks have been hit so hard that perhaps they provide a little value. >> i am waiting for them to start picking on the bodies of some of these. the lower crude prices make it hard to justify the prices. >> absolutely. >> if you get bouncing crude they bounce for sure. >> thanks. . >> the u.s. housing market still on shaky grounds. some parts are strong and others
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still weak. which areas are a seller's market and which ones are turning into buyer's markets? first we want to know do you think it is better to buy or rent right now? go to cnbc.com/vote. where are the buyers and sellers markets? >> you need to know this if you are looking to negotiate on either side this fall. definite surprises and some markets changing as we speak. let's define parameters first. zillow did the survey. a seller's market is not necessarily one where home values are rising but rather one in which homes are on the market for a shorter time and homes are sold at close to or above list price. a buyer's market is where homes stay on the market longer. there are more price cuts and homes generally sell for below list. the top sellers markets are in california. seattle, dallas and denver round
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out the top five. interesting that river side california and las vegas are in the top ten. these markets had huge inventories but investors plowed through and wiped them out. providence, rhode island took the top spot. cleveland, milwaukee, chicago. these are markets where prices are still weak and investors didn't help that muchh the distress. demand is relatively low which gives buyers the upperhand. the two biggest cohorts expected to move in the coming years will be first time home buyers and millennials and your down sizing baby boomers. depending on the market we will see who will do better and where. we have all of it online. >> the collision of the boomers and the millennials again. i love it. >> lock in the viewer vote. is it better to buy or rent? it is a split ticket.
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49% say you would rather buy. 51% say you would rather rent. >> thank you very much. new real estate for cadillac. the auto maker is leaving motown for the big apple. phil lebeau has the details. >> the french explorer cadillac found detroit and no brand has probably been identified with detroit more than cadillac over the years. now the headquarters is moving to soho in manhattan, the new headquarters in new york city. the brand under its new president is looking for a little more autonomy from the parent company, looking for an area where they have greater upscale taste and more influences in the luxury market. when you take a look at what is happening with the luxury market here in the u.s. cadillac is the only luxury brand down this year. they have some issues with the lineup but that says something
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with the market. new head of cadillac is looking to upgrade the brand especially among luxury competitors coming in with a new upscale top end model. this one will be coming in above other models out there. we will see that probably roll out towards the end of 2016. take a look at shares of general motors and compare it with bmw. i know it is not an exact comparison because general motors has a portfolio that includes chevy, gmc and buick. gm has not performed as well. starting next year cadillac will be calling the big apple its home. >> it will be a little more expensive for those people who have to move here. >> i think they can afford it. >> let's see. if you want to know what the iphone 6 is made of you have to tear it apart. that is what we did. we will tell you what is in it.
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plus josh lipton will tell you how you can trade it. apple says it has already sold 10 million of the new iphone 6 and 6 plus devices. what are the companies making the components for the smart phones and how are the stocks performing? coming up next on "power lunch." with chantix. g people who know me, to this day they say, "i never thought you would quit." you know, i really didn't either but chantix helped me do it. along with support, chantix (varenicline) is proven to help people quit smoking. it gave me the power to overcome the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop chantix and call your doctor right away.
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before the break we were talking about cadillac. same store sales rose less than expected. stock is not rising. it is down 10.7%. >> one of the most anticipated electronic devices in years. what exactly is in the new iphone 6? we got our hands on one and tore it apart. let's take a look. ♪
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♪ ♪ >> here is a new one right here. is that your baby on there? it just went dark. there is the new one. the first time i have seen it, 1:29 here in the east. that is beautiful. >> senior director at ihs technology and did a tear down of the iphone 6. what did you find and specifically did you find any really new component makers in that phone? >> yes, so thank you for having me. we have torn down the iphone 6 and the 6 plus. what we found was a lot of what we expected to find. in fact, the rumor mill is very
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efficient when it comes to iphone products. we know relatively well in advance what is in there. of course, there is a larger display. the iphone 6 has 4.6 inch diagonal and 6 plus has 5.5 inch. you are talking higher resolution. you are talking lg display and japan display. in terms of processing power of course there is a lot more power in the new iphones. you have an a-8 processor. that was previously where you had the a-7 you had samsung of the sole supplier in previous generations. now they are splitting the business with taiwan's and so they are split. >> i am going to interrupt for just a moment for breaking news. we will come back to you on the other side. >> health and human services is putting out a new report today
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looking at what it is going to be like in terms of insurance offerings on the federal exchange market place and the state market places. they say that for 2015 they are seeing 25% more insurers going on to those exchanges to offer plans. they say that there are 77 new insurers who will offer plans on the market places and insurers like united health last year only offered plans on a handful of exchanges and this year will up it to two dozen or so. they say the competition is strong and prices are going down and secretary of hhs making comments at the brookings institution says they are also working on the market place itself. she says we are prioritizing the most important items and areas to improve and focused on giving ourselves the appropriate time
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for testing and very focused on security. >> thank you very much. back to andrew now on what is inside that new iphone 6. let me come back to my first question. are there new vendors that are big winners here? are there former vendors to apple in the iphone 5 or 4 whose positions have been eroded in the new architecture? >> that is a good question. in some of the smaller components we see new players coming in. a censor seems to be displacing sd microelectronics. you have a new position with the nfc, the fact that apple has added nfc. you have nxp for main controller but a new chip from ams with nfc booster that we haven't seen in any other design so far. >> so the nearfield
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communications that enabled the payment system, is that correct? >> that is a new addition to the iphone line. most of the vendors that we see in the new iphone 6 and 6 plus are the same vendors that we have seen for years. so the incumbents have maintained their positions. >> what are you going to tear down next? >> so next we are doing the tesla s. we have that in our garage, so to speak, right now. >> love to see you working on that. inside the model s next week. thank you very much. i appreciate your indulgence on the breaking news. how do you trade them? josh lipton has the ideas. >> there is no question that apple is selling its new smart phones around the world at a blazing clip. stock story behind what is behind the iphone 6 and 6 plus is more of a mixed picture.
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corning is down 5% since the september 9 announcement. there was a lot of speculation that apple would migrate to sapphire glass but they did not and thad stock down 32% since the announcement. you want to look at the chips inside the new iphone there was a big switch as your guest was mentioning apple used samsung chips but now looks like apple is going with taiwan semi conducters. that stock hasn't done much since september 9 but still up nearly 20% for the year. finally a lot of excitement around these new iphones is about new services such as wireless payments. nxp semi conductor makes the nearfield communications chips to assist in wireless payments. that stock flats it september 9 but that could be because investors aggressively piled
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into this name up 55% so far in 2014. thank you very much. let's check in on the bond market on the back of the two year note option. >> it was a good auction and gives us a lot of info. we are close to 40 month highs interms of the two years trading. everybody shows up for the auction which may mean they feel it is safe to put their toe in the water. let's look at a ten year because it is a little bit better chart. you can clearly see yields drop after the one ended. we are hovering at 15-month highs at the dollar index. back to you. alibaba down for another day. the babagetting drained. stock off 5%. has baba already hit a top? join the conversation. go to cnbc.com/vote. we will be back in two minutes.
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is the downward move in the small caps enough to drive down the rest of the market? joining me -- >> the russell seems to have hit key levels that technicians look at. is the broader market strong enough to survive that kind of turn in the small caps? >> yes. >> okay, then. >> yes, everybody loves it because the term death cross was brought in everybody loves listening to that term. the fact of the matter is i was chatting with mark before i came over. it has been a good indicator that the lows may be in with that kind of movement. that being said i think what we have been seeing since the beginning of january is a market of stocks. the consolidations or corrections have not been in the stock market but in the stocks.
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in this case the russell 2000 is going through its correction phase down 6%. also the s&p down 6%. if you look at the chart the other thing that is moving this market is the central banks. the dollar is up 6%. i think that is what you have to look at. >> the broader market, the russell is down 6.5% or whatever it is. the broader market is off the dow and s&p are off 1.5%. i agree i think it is happening in the one sector. i don't think it flows to the broader market. i don't think people panic about coke and ge. >> the market went down 85 points. following europe there doesn't seem to be fundamental stuff to hold on to. >> i think it is last night, the bombings, the geopolitical stuff, a lot of noise right now. and it feels a little bit apathetic. it doesn't feel like people are
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throwing everything out the door. >> the market is nervous in september. that is typical. september traditionally is a much worse month than october. it is really september. >> i have been around as long. >> thank you. >> my pleasure. >> thank you, kenny. >> alibaba down for yet another day. the stock off 5% since its ipo last friday. has it topped out? join the conversation. go to cnbc.com/vote. facebook making a new move to take on google. will that pay off? julia has that part of the story. >> facebook is unveiling new tools for advertisers next week. i will tell you why they could give a big boost to facebook's bottom line.
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competition. phillips planning to split the 120-year-old company in two creating a stand alone lighting business. stock is up 3.5%. and burger king says it is still going ahead with its plans to buy canada's tim horton's after the treasury announced new moves to make it harder for companies to make so-called trax inversion deals. sth stock is down better than 2%. facebook is set nout to release a new advertising platform to take on google. the move comes as brands reconsider how much they want to invest on the social media giant. >> on monday sources tell me facebook will unveil a new ad platform called atlas designed to better target consumers. perhaps most important facebook will unveil tools to help brands buy ads on facebook but targeting facebook members when they visit other sites across
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the web. facebook says they won't comment. this move will help facebook take on google's dop nns of online advertising and has advantage of detailed information about consumers and the ability to target ads across devices and track behavior from the desktop to mobile devices to offline brick and mortar purchases. the upcoming launch comes as brands shift resources away from facebook brand pages like this one and towards their own sites. the social video company reports that the share of clicks that are driving consumers to brands own sites more than doubles from 2012 to 2015 while share to clicks fell over the same period. ad industry sources tell me though brands don't want to build up hubs on facebook the way they once did that should
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not hurt ad dollars because they see facebook as a valuable way to drive traffic. sarah jessica parker made them famous. jimmy choo shoes. seema mody is live in london with details and how luxury stocks are performing. >> luxury shoe maker jimmy choo planning to go public on the london stock exchange. the ipo would value the company at $1.1 billion. jimmy choo will use proceeds to expand presence into asia specifically into china but is strengthening presence in china a step in the right direction for jimmy choo. prada citing weakness in china.
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european luxury players are up during the same time period but down on the year all of which had benefitted from an influx of chinese consumers as well as buyers from russia and india. analysts say fewer russian tou tourists and week economy could result in luxury stocks using their glits. jimmy choo was made popular by the show "sex and the city." in china "love from a star" played a big role in making the shoe popular there. alibaba shares down again in today's trading session by almost 2.5%. the chinese giant off 5% from closing price on friday. has alibaba already hit a top? go to cnbc.com/vote. is alibaba's jack ma worried? he spoke at the clinton global
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initiative today. >> people have high expectation of you to make money. but society has expectitation to solve social problems. i think we as the internet company if you think about making money think about how you can help the others and people would like to get closer to you. >> so what do you think? has alibaba hit a top? go vote at cnbc.com/vote. now to mary thompson with the market flash. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles
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in a sea of red welcome green, best performing stock. the fertilizer company in merger talks with norway's yara saying no guarantee that a transaction would result but still is up 6.25%. power run down time. john ford is here. morgan brennan is there. the voting continues on cnbc.com/vote. do you think alibaba shares have
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hit a top? of course, it opened way up from its initial offering price and peaked in the 90s. now down a little bit. down $2.19 from the open it is down 5%. has it hit an intermediate peak? >> i would say yes but then i remember singles day november 11, 1111. alibaba typically puts out numbers and say how many billions of dollars they did on singles day. >> what do you say? >> i say that ipo price is $68 and even though we saw it run up to 99 on friday you can make the argument we are in correction territory it is still up $87 i think right now investors after a frothy debut i think investors are pulling back and taking profits and basically assessing the company a little better. >> let's lock in the vote.
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53% say yes it has hit a top at least for now. and no 47%. let's move to another tech stock. apple has sold a record number of new iphone 6 and 6 pluses. so desirable fightvise broken out at stores. should apple be providing security or local police be laying it all in their laps? >> having been at the iphone 6 launch in new york city last week i saw a lot of this up close and personal. i didn't see anybody duking it out but there was a lot of apple staff and they were keeping people pretty much in check. there were actually a lot of police officers, as well. i think this is more indicative of a larger trend that we saw at the flagship store, the fact that you are seeing the phones flip on to the black or gray market in places like china. according to some of the reports out there in places like connecticut at the apple store a
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lot of the arguing and fighting is between some of the well organized flipping groups. >> the flippers. >> we don't want to see anybody hurt. but they really want to hire dawn king more than security. people want the phone so badly that they are in line fighting about it. let's talk about the nfl naming dawn hudson as new chief marketing officer. she spent 11 years at pepsi co where she rose to president and ceo of pepsi cola north america. a good move by the nfl? some might ask what took them so long? >> let's keep in mind that all of these scandals have erupted to the level they have come to in just over two weeks. in the last week alone the nfl either appointed or promoted five women to executive
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positions be it advisers or this new one with dawn hudson. i think this is definitely a step in the right direction as far as putting the focus on bringing more female voices to the nfl. >> that is really the critical point here. if more women had been in the rooms where the discussions were being had about what to do on ray rice or prior instances of domestic violence maybe the outcomes would have been different. >> there is title and there is power. the organization will show over time that it is doing more than window dressing by giving the women the power to change the organization and show they are hiring the right people in those positions. >> would you drink beer flavored coffee? starbucks testing it in florida and ohio. no alcohol in the dark barrel latte made with espresso. i like beer and coffee. i think they should taste like themselves. >> i don't get diet cake.
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i don't get decafcoffee and i don't get nonalcoholic beer. i don't get coffee that tastes like beer and has no alcohol on it. sdpl this confuses me. is it an upper or downer? both are acquired taste. >> i guess they both could be foamy. >> they could but -- >> doesn't work for you. >> you got to show me on this one. >> let's see what is coming up on "street signs." are the markets at risk or do problems offshore make the u.s. look a whole lot better? we will debate that. the stocks will hurt the most and airlines all lined up for most profitable to least. lots of things coming up on "street signs." "power lunch" is right after the break. it takes knowledge, hard work and a plan. at baird, we approach your wealth management strategy that same way.
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as an employee owned firm we have the freedom and resources to create customized financial plans built to last, from generation to generation. we'll listen. we'll talk. we'll plan. baird.
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(shouting) location. here's the location that matters the most. here. or here. or here. it's wherever this is. to get customers to come here and stay here, you're going to need an app that connects to all your systems.
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so they can bank, shop, do what they need to do, and you gotta do it fast. before the competition does. it's tough out here; you better be on the right cloud. today there's a new way to work. and it's made with ibm. markets sold off a bit since we came back. dow jones was briefly down 99 points. s&p 500 -- there are three winners right now.
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cf industries and pioneer natural resources all have significant percentage gains. >> thank you very much. it's been another busy day on "power lunch." that will do it for this tuesday edition. >> "street signs" begins right now. are investors way under estimating risk? treasurely after mergers, all of that topping your headlines today. >> two hours left in the session. let's get right to our market report. what are we seeing in the treasury? seeing safe haven flows? >> you are seeing safe

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