tv Squawk Alley CNBC October 8, 2018 11:00am-12:00pm EDT
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[ inaudible >> i don't understand a word not at all look, i'm traveling with rod i didn't know rod before but i've gotten to know him and i get along very well with him >> president trump stopping to speak with some reporters, he is on his way to orlando, he will be participating in a police chief's meeting this afternoon mostly taking some political shots at democrats, though feeling good after getting a second supreme court justice confirmed over the weekend eamon javers is with us. you were trying to ask a question about the president's finances. >> you heard the president toward the end, he came around to the side where i was standing a few moments ago. i asked him in light of the "new york times" investigation, remember the president said over the years he got a one million dollar loan from his father he
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had to payback with interest and that's all he got to get a start in his career in business. i asked the president how much did you get from your father to get your start in business, given the "new york times" story. the president said that's all documented, it is well documented i asked him if the amount was more than one million. he said it is all documented, they're all public records you heard theanswer given there. the president talking about rod rosenstein the president and rod rosenstein, deputy attorney general will be on air force one together in a couple moments time as he flies to give a speech in florida today. the president said he will have a meeting with rod rosenstein, there's speculation about whether or not he would fire the deputy attorney general who is overseeing the russian investigation. the president here, guys, giving some positive indications toward rod rosenstein, saying he has a good relationship with him didn't know him before, but has come to like him back to you. >> eamon, given what he said about rex tillerson before we saw his exit, how should we
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weigh that >> i think it is not in the president's political interest to fire rod rosenstein he might be tempted to do it, want to because of enormous frustration with the russian investigation which he voices all the time, but it is sort of like touching the electrical fence. it is a problem, even though you may want to escape the pasture, you may not want to do that. we'll see which side of his personality wins out >> thank you. good morning, just after 8:00 a.m. in men rlo park in california, little over 11:00 a.m. here on wall street "squawk alley" is live ♪ ♪
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good morning good monday morning. welcome to "squawk alley." i am jon fortt at post 9 with sara eisen, morgan brennan is back carl has the morning off bond markets are closed for columbus day, rising rates are driving the narrative. >> certainly we have seen stocks turn south nasdaq down a half percent dom has more on why rising rates may be due for a pause what do we expect to happen next >> we expect rising rates in the regime near to medium term to long term to continue higher because of fed normalization however, we have come so far so fast for interest rates, notably on the longer end of yield curve, ten year maturities and 30 year maturities that some are seeing time for a pause. the reason they say that, if you look at the charts for ten year
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treasury note yield, we are in city statistically rarified air the blue line treasury note yields through current conditions this magenta line is the 50 day average level of that interest rate what we have now is a situation you can see here where we are well above statistical norms for this price movement in this interest rate. last time we saw any kind of a strong move to the up side was way back in the beginning of the year, we remember that part at the end of january for about the next month or so every time we peaked above the statistical levels, that's something to watch also, the same thing in the 30 year treasury bond yield, if you look at that line, again we see the average level of those rates go higher. however, we are again in a very statistically rare area, the
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velocity and strength of the move higher is often met with a bit of a pull back guys, as we talk about the move in interest rates, maybe not a doubt in some traders' minds longer trend is to the up side, but when you see strong moves like this higher, we have seen those typically move back over time, back to you. >> thank you certainly a chart worth a thousand words thanks for the technical analysis. major averages erasing earlier losses all three indexes in the red tech continues to lag the broader market cisco, apple, microsoft all weighing on the dow. and coming off worst week since late march joining us, luke ventures managing partner and managing partner. thanks for joining us. >> thank you >> in light of escalating long term interest rates, where do
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you find value in the market >> we find the best value in three places number one, still the companies using digital technology to change the economy i would much rather buy a company at 15 or 20 pe like a microsoft or apple that's growing earnings at 15% annual rate, increasing earnings per share at a higher rate than that because of share buy backs with a great future than i would a lot of companies referred to as values stocks. that's the first spot. secondly, we think the baebanks cheap, however it depends on easing of federal reserve regulatory policy, not interest rate policy but regulatory policy loan to deposit ratio is a historic low, not this low in 40 years. there are a lot of people on the fed talking about making it
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easier for banks to make loans that would be a plus for banks and plus for the economy >> gene, tech stocks are the worst performer in the s&p 500 today, you have the nasdaq down 3% since last wednesday, but they had such a strong run this year, where do you put valuations >> we're looking at in the last six months, nasdaq and s & p up 10%. largest gap in tech names are up 20%. it is understandable about the pull back. i tend to agree that tech ends up being probably the best place despite the high valuations because there are huge markets that can still be tapped into. for example, think about tekin t -- tech in the last ten years you think of apple winning market share from nokia, and amazon from ebay, but there's a shift they are grabbing market share from new markets they previously had apple starting with growth in
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we wearables, starting to impact spending most larger tech companies still have opportunities, health care, transportation, media. some companies like facebook are in a tough spot because they don't cap into big opportunities, other companies like apple and google and amazon more broadly are still within the themes we're still optimistic, despite the pull back. >> morris, i see ambition from big tech names, despite that they've had a lot of growth running room or run pretty far growth wise already. facebook coming out with a smart speaker, didn't do the phone or tablet, now they're doing a connected device to talk to in the home facebook portal, and microsoft linked in making a buy in hundreds of millions of dollars this morning does that signal they think they can still grow how should investors digest it
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>> they absolutely can still grow one thing i agree with gene on a lot of things, not completely, but a lot of things, the thing that strikes me, you have businesses increasing profitability at high double digit or more rates, you pass a little time, they become cheap if the price doesn't change. you start looking at 2019 earnings, now in october, these stocks are not expensive they're not at much premium to the market they're growing faster they have better balance sheets and great opportunity. that includes facebook by the way. >> does it include netflix, gene is it a netflix specific story or for the barometer indicative of sell off in tech and rising rates and everything else happening? >> so i have been wrong on netflix as it has been going up. i have been a believer that
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media space will get disrupted as we talked about before. i think amazon and apple are more disruptive. on the margin, netflix will be negatively impacted. to answer your question, i see divergence in the faang story in the next year. i think winners will be apple and google and to a lesser extent amazon. i think netflix and facebook are going to be the ones, i wouldn't say losers in the sense they're good businesses, but performance will come from apple, google and amazon look for more competition, apple has a ton of ambition in this space. i'm excited to see what they do in the media segment in the next year >> definitely one to watch thanks for joining us. >> thank you. facebook, the latest company to bring a camera and microphone in your living room with the
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introduction of the smart video chat display portal. the first new hardware product since ocules >> facebook's portal and voice controlled video calling devices aiming to compete with smart home products from amazon, google, apple. they ship early next month they aim to focus on video calling, with a smart camera that follows you as you move around the room, aiming to appeal to 400 million that use messenger, voice, video chat every month, and advance facebook's push to connect friends and family the ten inch screen portal is $200, and portal plus has a screen, priced at $350 they're equipped with alexa voice assistant oftware. you can ask for the weather or control other smart home devices. it can stream music from spotify, pandora and unlike other devices, not partnered
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with youtube or netflix. it will be facebook's biggest rifle. amazon has 34% market share of smart home speaker market. followed by google with 22% according to strategy analytics. facebook move to sell a listening device amid scrutiny over privacy practices they say they're built with privacy and security in mind, a cover for the lens and button to turn off microphone, saying facebook doesn't listen to, view, or save calls. based on blow back on twitter this morning, it does seem like privacy will be top of mind for commer consumers. >> what's the plan for what's app? that's the next terrain to be monetized. will that be tied to this device >> this device seems to be built
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on the calling features that exist in messenger it is a device for the u.s. market what's app is more popular nationally than the u.s. seems like once this gets off the ground, you could see it launch internationally and launch what's app there. what's app is the next potential leg of growth for facebook right now this fall as it goes on sale is focused on messenger and video calling features. >> thank you for setting that up bring in the recode co-founder kara swisher that joins us now great to see you what's your take on what this means strategically for facebook messenger has been a great grower since they bought what's app. it was lagging before then does this open up perhaps more usage if people attach to this home video use case and even commercial opportunities >> i don't know, i don't think you want facebook in your home with a video camera.
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i think that's their problem, the privacy issues, given all of the controversy around facebook and privacy, it's a big mountain for them to hike up. >> compared to amazon and google >> i don't like any of them in my home, jon i have a nest now and i cover it up with tape i think they're late to the game, amazon dominates, google put in a strong showing, apple is present so the question is are people attached to facebook like trying the facebook phone, that didn't catch on well. people were happy with their phones i don't know if people want to use facebook stuff over other devices or want a dedicated facebook device. that's the question. i can't imagine buying one i don't know about you i do have the alexa, i use it sometimes. i unplug it quite a bit. i don't have the same worries on privacy as i do with facebook i think. most feel that way given the
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various hacking things it is a harder sell for facebook than it is for other companies >> kara, you mentioned alexa what do you think of the fact facebook is teaming up with amazon to do this? >> that's what they should be doing. i wonder why there needs to be a dedicated device i see why they're doing it, i just don't understand. remienl reminds me of the phone efforts they made. there's nothing wrong with selling a device, and they have to expand usage of video conferencing and video talk with people as they use it throughout their lives. i still think the strongest case continues to be on the phone, using messenger service, and what's app that's where i think the strongest case is, but they have to expand where they can, so makes sense to partner i think it is a crowded marketplace and questionable whether everybody wants one of these in their home. i think inevitably homes will have them eventually, i don't know necessarily if you go
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with -- i think you have to be on all devices that seems to be the way to go if i were facebook >> the optics are bizarre on this it feels like every day there's a new headline out of facebook, executive departure, a hack, a privacy scandal, and now they want to put cameras into your living room. does facebook get it does the current management get the trust issues the company is facing now >> i don't think so. i think they do get it, i think they probably -- these things have been going on awhile, this effort to do this, so i think these things go along, and the timing of them is unfortunate for the team that worked on it it has gotten good reviews as a device i haven't used it, but i think these things are rolling as they go, they couldn't have predicted the news now would be this but i think it is the issue of do you want a facebook device in your home, a facebook phone. do you need a facebook phone that's the things i think about. i asked my son that was sleeping
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off from school, would you like a facebook video phone in your house, he laughed at me. like i can't imagine young people he is like as if kind of thing i don't think people think of facebook that way, and i think they have a relationship with amazon in a different way and with google in a different way but this is just me talking about it i think they have privacy issues they need to address adding another device in the home to invade your home is a problem. >> and jon, investors aren't excited about it, the stock down half percent, down more than 10% for the year. >> it is a relatively small bet for them i wonder if the broader public thinks about facebook and the privacy constraints the way we do though. my chief concern as a consumer would be my facebook account is very personal. do i want a portal to it in the middle of the house, anybody is making calls on it how sure who is making the call and to whom.
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>> part of the appeal, you can do it from the basement anonymously. >> that's creepy, but okay. moving to elon musk, the tesla ceo stoking the sec fire over twitter, following the settlement with the agency, referring to the sec as the short seller enrichment commission remains unclear whether that twitter talk will put the settlement in jeopardy, but he continues to be active there kara, did that surprise you? you know elon musk, you probably didn't believe he was really going to be cowed by the settlement >> no. >> but that was quick. the tweet was quick. >> yeah, there you go. i don't know you know, what an expensive tweet the first time, the $20 million. but i just don't see him controlling him here i talked about it this week on the pivot podcast, i don't see him being controlled unless he is firmly talked to by the board
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and i suspect they were like now we really mean it, now we really really mean it, now we really really really mean it. >> kind of like the child actor dynamic with the parents he is bringing in all the money, but the board is supposed to be in charge. how do you work that the new chairman and two new independent directors have to come in with some kind of a new strategy >> i don't know. or someone, another manager there. i think he does what he wants and he has always done what he wants, and there doesn't seem to be too much of a problem doing it there are fines and everyone rings their hands and says oh my goodness and he keeps doing it i don't know i don't think they have control over him and i don't know what leverage they can place on him to stop. he shouldn't have done it, it obviously was a silly thing to do and he could have not said anything for a little while. but i guess he doesn't care. i don't know i don't know why he's doing it >> that's the irony, it becomes a self fulfilling prophesy,
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every time he goes to twitter and lashes out at short sellers or now the sec, he essentially causes stock to fall and it is hurting shareholders that are buyers and hanging onto it. >> you would think i don't know i don't know why he is doing it. i said this to him, he shouldn't be indulging himself like this, but it is up to the board at this point to do something about it the question is what can they actually do. in any other terms, it is a little harmless, here it isn't because it effects shares in the way it does. they tend to recover i haven't followed them close, but they tend to recover i think it is silliness at this point, but i don't know. >> would people in your world prominent silicon valley people join the board or management team is it a job that you think will be easy to take now that they have to have two independent directors? >> some names i thought would be interesting would be like indra
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nooyi from pepsi, allen ma llal, ran ford or boeing or one of them and i was thinking of gary cohn from the trump administration and goldman, sachs there are people that might enjoy it, think it is interesting. there are others that probably don't want to touch it because of dealing with elon, but i don't know it is an interesting job for sure >> maybe mary poppins is available. kara, always great to have you thanks for being with us >> thanks, jon. as we head to break, look at the major averages at this hour. things have noticeably turned south. nasdaq near session lows, down 7-10ths percent. and the dow down technology is the biggest loser. energy, materials, communication services are hit as well veteran trader art cashin will
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joining us, art cashin >> great to be here. >> it is a holiday, bond markets are technically closed is this continuing to drive action to the down side in equities today, the rise in rates? >> it is not only the rise but the rapidity we achieved the long talked about 3.75 level next will be 3.5 then believe it or not, 3.75 i get that from people better at charts than i am i think if we move to 3.5 and through, it will send a little bit of an electric jolt through the market the concern is will the rates go
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up almost on an automatic basis. powell had taken them to where we are it is going to be interesting. he is trying to get away from the dot plots. he is saying we'll take the economy as it is, look at it from spot to spot. there's no sense speculating you need to raise rates another half point in a half year that having been said, the dots are still there, you're going to need him to come away. what viewers should watch carefully, they resurrected the old hypothesis that the chinese may be backing away, and that's helping rates go up. chinese have been a big buyer of u.s. treasury. we have a ten year auction this week, it is going to be interesting to see what bidding we get do we get external bidders, people from offshore if they're much lower than normal, that will respike the
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chinese rumor. >> on one hand, you use rising rates and they're rising quickly, increase borrowing cost, inve -- >> the theory, there's a lot of debate even on your network, people saying it is okay, they're going up for the right reason, but it is a level you have to worry about. if they're going a little too fast, this economy is on the face of it very, very robust it wouldn't take too much to trip up a few sectors and see the retail area, other areas, christmas is coming, hearing about difficulty hiring, maybe not servicing everybody. so there are a lot of question
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marks out there markets convince the fed again in december. but i think they would be well served to get across the fact they're watch and see. if the economy remains strong, we'll consider it again. we do not have a definite plan at this moment >> sounds like you're edging into the territory of saying the fed is on the brink of going too far. >> i think they are. i have been a bear on yields i'm kind of surprised we got here as early. i thought we would get to 3.75, but we're a month early on my look that brings me concern >> you've seen the divergence, i am getting nerdy seen did i vvergence and dow industrials. what are they telling us, should
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we watch them more closely >> the divergences, the average making big highs, and 20% of stocks selling at 52 week lows the advance decline line is not matching up. so you're seeing some disparities here do they signal the end of the world, no, not likely, but it is interesting you mention beginning of july. we also, not only the vix being there, we have seen several stocks break to moving averages they haven't touched since beginning of july, so we kind of recycled in here you want to be careful the divergences raise concerns, not outright signal to sell everything and run for the hills, but be cautious record highs, but you're not dealing with the brought support
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you usually have >> if you look at the three sectors up now, the s & p, real estate, consumer staples, utilities. those are high yielding sectors you usually buy when ralts fall, not telling you there's a freak out over rising rates, it is the opposite >> you're correct. that divergence began a day or two ago, increased until now you can't go with the other theoretical reason which was trade wars because the russell and small domestics are getting it too the market is moving in a manner inconsistent with the two things we have seen >> fear of global growth saw it happen in china, what's happening in italy there's a few more risk factors internationally. >> well, there is. i'm glad you brought up china because they have now loosened
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up bank reserves i think the fourth time this year, so they're beginning to run into some problems. it may be global while we are waiting on brexit to be consummated, we see italy and other things the questions about european union remaining as a union continue to pop up. >> always great to get your thoughts. sue herera has a news update good morning, sue. >> here's what's happening at this hour, everyone. secretary of state mike pompeo in china >> fundamental disagreement, and
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i look forward to the opportunity to discuss each of those today, it is incredibly important to the relationship. >> china says its detention of the head of interpol shows it is fighting corruption. he was detained on bribery charges. interpol said he resigned as head of the agency committee. and spacex first stage landed back at the california launch site aftercarrying an argentina satellite into space it previously landed but hadn't so on the west coast you're up to date. that's the news update back downtown to you guys. jon, back to you >> thank you, sue. let's toss it back to seema mody with the european close >> rising rates is a point of contention for european investors. new lows for the year.
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1% way from bear market territory, that's 20% off the 52 week high. that sent the broader european index stocks to a six month low, down by 1% in today's trade. look at financials, banking index falls to new lows for 2018 more than 22% below the january highs. italy's 2019 budget a point of concern. bond yields rise to a four and a half year high after european union reiterated concerns over italy's budget plans italian deputy prime minister hitting back, saying the real enemy is eu bureaucracy and raising concerns about italy's ability to continue to defy eu policies look at the bank index, down 4%. down about 33% from april highs. all of this means the spread between the italian and german ten year bond yield is 304 basis
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points we haven't seen this in more than five years. finally on the stock front, one specific name, french connection jumping 28% after the global brand said it was reviewing strategic options, including possible sale. the uk based retailer struggled with shares trading at one-nienone-nint of the peak. taking a look at u.s. markets as we head to break, the dow is down 110, 107 points. the nasdaq, the worst of the & jor indexes, down 1% s p down 11 points more after the break
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let's get back to the story of the morning major indexes at session lows. treasuries aren't trading for columbus day, but the market is reacting to a spike in rates and left investors concerned joining us, jim paulson, strategist, and dana peterson, economist at citigroup jim, came off the worst week
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since march, the russell beat up and the mood is sour what's driving it? fear of rising rates >> i think that's part of it follow through from what we went through last week and more to come we will face cpi reports this week and i also wonder not only is the overheat pressure now on wall street's mind, but the real kicker would be if real growth slows. not only here but globally i think there's growing evidence that may be the next shoe to drop we had the oecd leading economic indicator for the globe roll over, coming down the last few months in the united states, we have cyclicals getting beat up. you talked about earlier it isn't just today but you go back to utilities stocks matching the market since january 5th this year staple stocks matched market
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performance since april. you have a good part of the market in recent months led by defensive stocks they can't be saying rates is the primary reason it has more to do with nervousness on growth. if you put that together with 10% drop in industrial commodity prices since june, weak housing, weak auto, weak durable goods spending, if you drop growth and remove the fantastic fundamentals and leave higher rate structure in place, that's where pressure would intensify on stocks. >> if it is a global growth story, dana, the question becomes how resilient will the u.s. be? we got another strong unemployment report, especially with lower employment rate how strong is the foundation to withstand a downturn in global growth that looks as jim said worse than first appeared? >> the forecasts have the u.s. continuing to lead the global economy. there are concerns of slowing in china and emerging market and also in europe
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we had roughly 4% growth second quarter in the u.s. and looking at 3.5% in the third quarter, and maybe 3% in the fourth quarter. even though the numbers, 3.5, 3% are lower than 4, we're still looking at significantly strong growth in the u.s. economy, still growing materially above potential, and we think there's still more room to run with respect to boost from tax reform and bipartisan budget act on the u.s. economy, not only for the balance of this year but next year >> jim, we talk about rising rates. earnings season kicks off later this week with a bang. if you get strong numbers out of companies, does that change the narrative? >> i think it is more than needing strong numbers at this point. you need numbers that are much stronger than where wall street
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is expecting that's what it comes down to we're going to have a good third quarter, no doubt, in terms of raw numbers for earnings the question will be will it beat whisper numbers we had a number of companies already revise down, guide down guidance, more than 100 companies, which is odd and certainly a bit of an outlier, i wonder if we will find companies in the earnings season that report margin pressure, now that we have some of the hotter inflation numbers, cost pressures, you've got energy costs hitting company budgets. if they start to report margin pressures, revise down growth estimates into the next year, that could be a very difficult thing for the stock market, even if raw numbers are pretty good >> dana, one of the other things to focus on is d.c. in the
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coming weeks, we're less than a month from midterm elections we played tape from president trump earlier in the hour, talking about the gop leadership seeing stronger numbers in the polls in terms of republicans looking to come out and vote seems like the market has priced in the house swinging to the democrats. what if it doesn't >> certainly that alternative scenario is likely in our view if you see the gop maintaining control of both chambers of congress, more likely tax reform 2.0, increased deregulation, as well as potentially some erosion of obamacare the key thing for the president, he would likely see it as a mandate to continue his policies with lightening up the financial sector and deregulation and the environmental sector and with respect to trade indeed, he may continue to go long in policies of addressing trade imbalances
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it is something markets can't discount >> jim, dow down 182, reaching new lows for the session what's your advice a lot of people listen to you. you were bullish on the runup the last few years, you have been sounding more cautious lately do you reduce exposure, go into cash, fixed income what are you telling people? >> at this point i don't see recession. and without recession, we probably don't have sustained bear market. that could change of course. i wouldn't totally exit, but i would diversify. i would certainly have an overweight on defensive sectors, more so than anything else i would probably move away from the united states. i know the emerging market may continue to get chewed, i would have a little of those and internationally developed. i think there's more pressure here to sell off than abroad i would add a commodity eft to the mix rather than all
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equities i may have intermediate bonds rather than pure stocks. i may introduce some hedge fund like approaches that could give mid single digits returns if the market keeps running but not as much down side i think the issue is more of a defensive diversity than complete exit from this thing. if it does correct good and we don't have recession on the horizon, there could be another buying opportunity sometime later. a correction to me of one that scares people on recession is looking likely in the next several months >> come back on, tell us where that opportunity lies. thank you very much. jim, dana. with the dow down 210 points, the sell off is picking up steam. boeing and veisa are the bigges drags. interest rates weighing on stocks dow at session lows.
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what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ i'm scott wapner here is what's coming up top of the hour the truth about rising rates how high they might rise and what happens to stocks if they keep climbing? we'll ask two of the best. blackrock's bond guru, the wharton school jeremy siegel, and general electric is up
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again. is it safe to buy, and are we on the verge of an alpha apocalypse several hedge funds closed up shop in the last couple of weeks. all coming up at noon. i'll see you then, scott, thanks microsoft linkedin acquires glint. word is this is their second largest acquisition. glint is a software service company that takes the pulse of the workforce and identify areas where companies can improve. if and when the acquisition closes jim barnett will report to the vp of career and at that enter solutions. glint's teams are expected to be fully integrated in the next 12 to 18 months and the dow taking a turn lower. down about 187 points. much more on the rise in interest rates, why surging oc aerheret r ressure poinfo
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let's get to leslie picker who is taking a look at why hedge fund strategies perform well with rising rates >> reporter: for the last decade or so hedge funds have lamented that their underperformance can be blamed on low interest rates. now the tide may be turning and the industry could finally get the salvation it's been seeking. take, for instance, long/short
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equity, it takes a bullish and bearish bet on stocks. benefits from rising rates in several weeks. for one these managers tend to trade based on fundamentals which have been harder to profit fun as stocks swell. as rates rise at some point the equity markets may tumble and stock picking on the long side and the short side should help hedge funds outperform their long only peers. they also earn more on their short book short hedge funds are effectively selling stock they don't have by borrowing from prime brokers and generate proceeds they invest and earn an interest rate on the general rule is as interest rates rise, hedge funds generate returns from their short book whereas in a lower interest rate environment they're losing money. he also says that so-called ctas, commodity trading advisers, will benefit from rising interest rates because
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they deploy about 20% of their capital due to the inherent leverage in the futures they're trading so the remaining 80% is allocated to short-term rates which earn more, of course, as yields go higher reinsurance strategies are poised to benefit because they have to hold cash on their short-term treasuries to match their liabilities. back over to you >> interesting angle on potential winners of the big move in rates. leslie picker, thank you let's get a check on where we stand in the markets now as we've been telling you, the sell-off has picked up steeples steadily stocks were positive after the opening. the nasdaq is down 1.3%. hi, my name is sam davis and i'm going to tell you about exciting
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screen for this free, fact-filled decision guide. there's no obligation, just good information. call the toll free number on your screen, now. you'll learn all about a humana medicare advantage plan and how it compares with your plan. with most humana plans, you get coverage for prescription drugs, doctor and hospital visits, and more. all for zero dollar monthly plan premium in most areas. most humana medicare advantage plans even include dental and vision coverage. and, most humana medicare advantage plans include the silver sneakers fitness program at a local fitness center. so call or go online to find out if your doctor is part of humana's large network of doctors and hospitals. and see if a humana medicare advantage plan is the right plan for you. pick up the phone, and call the number on your screen. the call is free. and licensed humana sales agents are standing by. so call now.
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the most important partnership adidas has, in my opinion, with kanye west who is now no longer on social media. >> kanye west/cape cape caolin . the s&p quite a bit lower. that's going to do it for "squawk alley. to scott wapner and "the half. "has the longest bull market reached the tipping point? what really happens to stocks if interest rates continue to rise? it is noon and this is "the halftime report. the great rate debate. our lineup is the best you'll find bond king's rick rider and jeremy siegel. and the analysts say g.e. is on the way to $20 a share "the halftime report" starts right now. good tohave you with u
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