tv Fast Money CNBC October 13, 2023 5:00pm-6:00pm EDT
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incremental but not a game-changer for theaters. we know those artists are unique and the popularity of -- a loved of fans unable to obtain tickets. further highlighting the heirs tour -- due to the strike. that's a key factor for a lot -- >> of movies don't want you to use your cell phones, but apparently they want you to use your phone and this one. that does it for us at overtime, fast money begins right now. . >> thanks brian. breaking down thought banks, after a strong earning major money centers. early gains, what the action tells us and what a dire warning from jamie time it might mean for the market. plus, ensuring games. opportunity in a couple of areas of the market we don't normally talk much about. and the case for what you should feel safe in these talks. now and later, look what you've
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made her. do the demand for taylor swift's eras movie tour so high she took her blockbuster to the big mystery a day early, writing and $100 million for her efforts. is there any other star that could do the same? is there a bitter person -- business person and entertainment and taylor? we'll break it all down. >> good afternoon, until it matheson. in for melissa late. this is past money. on this tonight we've got -- welcome. great to be here with all of you, even if it wasn't remotely. we've got the big money center banks retreating from a post earnings hop earlier in the day. as far as jpmorgan -- delivering big but there are stocks at the end of the day mixed. jt and up a little bit, the others down. and jpmorgan ceo jamie diamond may -- telling investors what they hope this might be the most dangerous time in the world has
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seen in decades. so i think that ukraine and israel-hamas war its major risks to global markets. the major indexes sliding and the final hours of trading day. but nasdaq down more than 100%. the half -- foot and a half percent. dollar today virtually unchanged. so, what is the bottom line on this first batch of bank earnings today? with many more commit next week? housing whipping through the rest of the market? who wants to go first? i might ask you, steve, how to use his bank earnings and how do you think it tees up next week and the market will -- more broadly? >> if you started off the week, tyler, everyone said don't buy the banks. at least we hit up good performance out of them. they all, by and large, jpmorgan usually runs the day. today was an exception to that. also, jamie is the right negative on math --
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a lot. we talked about storms, categories, hurricanes, analogous to the economy. but when you look at the macro environment now, i tend to agree with him. i've never felt this negative about geopolitical events. i don't think anyone in our trading lifetime, we had our 9/11. israel's heaven pairs. but the seems bound to get out of control. energy prices, inflation, it feels like it's a potpourri, if you will, negative event. constantly getting worse. but as far as the financials are concerned, everyone thought that they're on the cusp of pulling into an abyss. of don't think we're seeing that. i think the stalks will perform well. on the one hand, state makes the point that diamond and agrees with diamond that the world situation is very
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precarious right now. but tim see, more at the same time, the fundamentals of the banking business will look pretty good. and jp morgan really went flipped from predicting a recession to say no recession comment, not this year, not in 2020 full. and no storm clouds. first of all -- >> great to have you. and i agree. it's almost as if jamie diamond on the front page of the newspapers, you're reading the geopolitics but turn of up to the financial page and look at jpmorgan's numbers. look how they have consensus. and if you have four 78, someone of items, some credit -- and we know banking was down. so the biggest money center bank, the biggest thing in the world, the highest violence sheet, one of the trades more than double -- the one that i think had really good, certainly, good insight
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into their core business. now jamie has really been cautious. i'm talking about the and talk about the world and talking about score -- storm clouds hovering over. the market doesn't believe the banks. here is really clear. we closed on the lows of jpmorgan. one and a half percent. and it has outperformed the other money center banks. but i just don't think until we start to really get some sense of where the economy is going to settle, banks are going to have a tough time trading here. >> you have been here on the one hand. the profits were quite good. on the other hand, some of the bank's point to slowing home -- and rising charge of. how do you look at these numbers and put them into the middle computer for next week and beyond? >> a lot to answer your tablets with question. the question was, who is a big media star? the answer is obvious. it's tyler matheson.
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number one. we can all agree one that. >> i've had more errors than taylor had, let me tell you. >> but for you. in terms of the banks, augment the tread pretty well. citibank has been awful. bank of america, -- jp morgan sold off pretty considerably from the hot earlier today. and wells fargo has been smuggling along. listen, i understand that want to be and banks and valuations and all those things. but i think the landscape for them is not particularly good. loan provisions will do. upload a rich nation will go down. that delinquency rights are probably going higher. and this bond market, quite frankly, the only people who navigated it well or jpmorgan. and they are out nichols coming out now about bank of america with the talking about four months. health basically, i want to say, scores the pooch but this is friday. scored the pitch. >> we are all friends here.
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>> the one thing i love most, apart from r2-d2 over his right shoulder, is the fact he's got a clock. so i'll always know what time it is and how much time i'm aging up with my proposed questions. carter, what do you make of the banks? >> i'll keep us all on track. there is no such thing as good or bad news. there is only news. and the reaction the market tells us. often we see stock, price up, increasing dividend, so than and couldn't have been good news, it's bad news. that was the case today. guy referred to this. tim, stay, we have an issue where it wasn't good. because the big index of 24 stocks. for your up and the rest were down. concern today. the bk ex made all-time relative lowest since its inception -- so you're talking about and index that basically right now
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is all time underperformance lows versus the general market going back 30 years. these are not good businesses and i don't want to be low on them here and in general. >> i see steve noting a bit there. >> yeah, and there is a difference. i guess i should have probably point this out. if you want, more and more people agreed -- that want financials but they're happy having an allocation. two guys point, in -- that name is jpmorgan. so it's okay to be negative with financials, if you have to pay long something and your phone, your probably long jpmorgan. but we are pricing these names down as if the bad weather is never going to clear. >> so tim, are you a defender of the banks? are you the lone voice but little bit or am i reading it long? >> are you talking to me?
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[laughter] it's very difficult for me to point to where the consumers are weakening. and jamie pointed this out. they continue to borrow and spend. the economy, that's probably a thank you want to hear about, but we talked about the burden on the household. so, look. in terms of the top three money and the bank that i think people -- maybe wells fargo, but city, bank of america, jp. and jpm is the clear leader and the clear leader both in terms of the quality of the balance sheet and that rebuilding of some of the things i think are hurting the other banks. when it comes to provisions, credit, profiled, jpmorgan deserve the premiums. so to answer your question, what am i doing with banks? i'm not owning up to that dibs. and carter has pointed out that relative underperformance which is almost shocking. we have gotten to a place as we can't really out of covid we are banks for not only
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commercial and industrial loans going, there are capitals trilogy was one where they were given back capital to investors. between -- ivan think dividends will stop. but i can own jpmorgan for this. i think -- you get to a place where citibank is so cheap you can own it. i own it 20% higher though and it's been a frustrating ride. >> let's move on to tote a little more about bonds. our next guest is another big bond move coming -- ceo andy constant. andy, welcome. good to have you with us. >> thanks, tyler. >> watch that big move? which way and why? >> last time it was on in august we talked about the announcement of the issuance of long term bonds. and that set the tone for the bond market for the last two months. so instant, we've also had strong economic data.
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and it's possible that data may encourage the fed to actually follow through with their hype. but with data out of the way -- api out of the way, the next bottom move isn't likely until the halloween quarterly refunding announcement. and at that announcement, there is going to be a long deficit that needs to be financed. and secretary yellen hosts the lever on whether she continues to issue the bonds that she did in august or shifts back to issuing bills. my sense is she will continue on the path of turning out the financing of the federal deficit that. and that will mean large quantities of bonds. but regardless, we've had a 55 basis point increase in term premiums on bonds. and that's a big move. and so that next slug of bonds
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that market has two -- will slightly likely not be quite as big an impact. more on that level of 10 to 20 basis points. >> so if she's going to go, and as you say, choose to issue bonds to financethat piling up of deficit money, and it's really shocking how much deficit money is needed, needs to be financed, that would suggest that interest rates on longer term securities are going to go up. by how much, i hear you say? >> call it 25 basis points. >> from where we are now on the ten year which is, what? full point 65-ish? >> and i wouldn't be surprised to see five, five and a quarter, particularly if the economy does sustain this relatively high gdp. so some combination of the economy not yet ready to turn over and this large supply
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could drive us into the bond from that tenure note. >> what did you make of the inflation numbers yesterday? they were a little higher than i guess i anticipated, but just a little. >> yeah, i think that most noticeable number was that one that chairman powell focuses on. that month on month core services -- was point 61, which was extremely high, 7.2% on an annualized basis. and that is the number that time and time again, chairman powell goes back to as his services inflation measure. and it was warm. so that's, you know, we'll see how it plays out. but for now, i'm focused on that next quarterly refunding to say the supply demand dynamic. >> i guess there will be more numbers between now and that meeting in november. there could be a lot more geopolitics on the table
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between now and then. i wonder how the geopolitics plays into what the fed might do. but i know steve also had a question for you. stay? >> andy, bonds and stocks have never been as correlated as they are right now. so i should say, for a very long time. do you see a world where the ten year can keep rising in the equity market and perform? or is that just not possible? >> that's not my base case. my base case is that the increase yields will cause multiples to contract. and i'm sort of targeting 4000. at that level to catch up with the bond market yield increase for multiple contractions. but at the same time, if the bond market is rallying, it's also possibly true and likely true that the economy remains strong. and that's part of the reason why bond yields arising. which could have eye positive
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on earnings. but unfortunately, earnings are for 12% annualized growth for both 2024 and 2025. so it's tough for me to get there because earnings are already discounted to be very strong. and there is this pressure on multiples. >> you've seen 4000 on the s&p. what is the timeframe for that? >> i think there is a lot of rhetoric around seasonal's. signals typically leave the market quite strong, when the market is up 10% like it is. you get raleigh into the year end. but that's typically due to the fact that the winters are deferred until next year to be sold to avoid crystallizing at maximal gain. this year is so narrow and it's
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laid up, that taxable gains are so narrow. and the bond market is providing a tremendous amount of capital losses to have first, that i don't think that delayed selling will necessarily occur. and if the supply and demand is normal, not this different sense. the santa claus rally is pretty unlikely based on the work i do. >> andy, thanks so much for spending part of the evening with us. we appreciate it. let me turn to you, die, and see what your reaction is. and he thinks it's rising, but multiples must contract. do you agree? >> i agree, and it's great to have him on. he was on a few months ago, spot on. i would defer in one sense. i think, well, i agree with him wholeheartedly. i think yields or going higher because markets are demanding a higher healed. and the incremental buyer is just not there. they're probably selling because they have to defend
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their currency. we could talk about that for a while. obviously the fate isn't in this game either. the incremental fire is out there, but rightly so, that what a higher heels -- and it manifests itself -- that auctioneers that it was a disaster. that's one of the reasons the market cooled off. i do think that goes higher, i don't think it goes -- >> that was also one of the things and he pointed out in his note. yesterday's auction was ipad auction and a string of bad auctions, so he said. let's go back and put a little bit about pfizer. we have got a news alert on. at the shares are dropping and shortly after the company flashed guidance from the ear. lots of news in here. the government can expect full year revenue between 58 -- and one billion dollars, down from sussex billion. earnings sure now expected to come and about a buck 45 to a buck 60. down from 3:30. also clear that u.s. government will be returning at million doses of picks covid at the end of this year.
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tim, you are russia holder of this company. there is a lot of kitchen sink stuff thrown into this from pfizer. >> this is a case where i thought we had closed and a decline of pecks covid and that government contracts and -- dynamic i think was critical for. all the success. we've got up there and touch other films. this type of revenue, i don't know where they were on this. it's concerning when you see this kind of aps cut. we're talking about a significant cut. talk about 1:55, one 65 vote your guide. this isn't a cheap pharma company, and i'm frustrated. this wasn't that god that was in the market that has a lot of bad news already in there. where we knew there was a major pullback. you know, and covid and vaccines right now. i think the people out there that are really calling this
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out of want to hear about optics, can't, picks that's going to deliver. i know that's not exciting, but in pharma land there is a lot -- >> non cash charge of five and a half billion -- due to lower than expected utilization for covid products and 4.6 billion dollars, i think it is, of revenue. 4.2 billion revenue currently estimated to be reversed there. carter? >> i've done what tim has done. i've tried at least twice to step in. it hasn't worked. consider this. -- we all sometimes break the rules or make mistakes, but the final thing is. what they say? they said their earnings are going to be a dot 45 to 65? 20 years ago, and 2003, they earned $1.75. here we are, 2023, and they're going to be below that.
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maybe a lot lower. >> i see from your clock, it's 5:19. workout him to go -- >> hold on a second, hold on a second. i've got a say one thing. pfizer is a pretty big company, right? to do this on a friday afternoon, after the close, i mean, i would expect more from senior management adviser. do it on monday morning. do it on for that morning. but friday after the close? i'm telling you, it's just ridiculous. they should be ashamed of themselves. >> you are right. it is a friday afternoon dump. the kind of things you say from politicians. let's take a quick break and when we come back we're going to talk about a 24 karat trade come your way. gold -- should mantle pave the straits of your portfolio? we'll weigh in on that. plus, talk about a moving target. the retailer target launching a bull's-eye week for exchange. but can the run continue as the
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gold, shining bright, locking in the to offer here. and climate northern 5% on the week. some other commodities like silver, oil, also showing strength this week. guy, let's turn to you for some thoughts on gold. >> oil gets an animal. tim can speak to. that gold has had its day. we have talked about that for a while. carter put up a couple of weeks ago -- banks last bought a record amount of gold. 1271 billion dollars. they're doing the same this year. and we're talking about things we've been saying. they're edging central banks. they see what's going on. and now it's starting to manifest itself and the price. i am not making comment. world bank making comment. more countries time to get into the brick. only things halfway to gold. it feels as if the markets going to wake up. this and what i said the other night, and this will not make sense, but the market is not
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long of gold yet. and that will start to kick in for all-time highs with some of his really pick institutions shorten to get in. and then the party can start. but gold is telling a story, tyler. >> it's very interesting. and i love the plate hedging there. >> it's twofold. for a very short term trade are -- moving up $122 and i went over the past succession. your back to a difficult level. if you have a structural view that all is not well in the world, perhaps jamie dimon's view, you certainly want to have gold as part of your general exposure. >> it would seem that way. tim, obviously guy, if this is not just one day or week phenomenon. there is a longer term trend here, i'd say. >> gold -- there is a lot of gold box out there with that have been long forever. but for me, we have a main --
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and the move in gold is something that's been building. i think it's correlated heavily with the dollar. carla herr felipe with the vixen that was up 50% today. one of them telling you something, once the tail, once the dog. maybe they're both the title. it tells you a lot about the jamie diamond comments. tells you a lot about the world -- comment about treasury announcement. and tonight marks where we still have a government that hasn't shown up on the house side. so this is the reason -- and if you want gold, run on silver. and you want to own other professionals. and if you look at these charts, people say, what happened to go over the summer? what happened to go over summer was the dollar. i think the gold traded moralis than held serve is ridiculous. if you look at that downturn from earlier in the hearing, some of that correlates with the dollar move. and today, you're basically flushing it up to the top of that down trained.
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>> we are going to take a quick break. there's a lot more to come. here's what's coming up next. >> going on a target run. the retailer notching its best week at months, as pressures drowned -- for the consumer. >> plus to the penny, a pair of tubes. what's next? hitting the technicals and giving some assurance to insurance stock. you are watching fast money. we're back right after this.
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and two thirds percent. and taking games for the wake way up on the day as well. 1% today. six and a half for the week. that retailer notching its best week since january. it's been a rough year for target by any stretch. showers are still down, nearly 25% this year. so is this a reference of fortune for the stock or is it temporary? what do you think, tim? >> target has under performed and there is a discount at walmart that i think is 11 times on puppy. it's a function of some of the dynamics of what made them so successful during covid. the merchandise mix and the discretionary part of essentially their goods profile and and a world where grocery and top one is coming from real consumer loaves and stables. that's not necessarily been the target specialist, but there you go. look at the out performance to
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walmart -- if you look at one, not i have it significantly less long. i think it showed some cracks in the last week. again, output for what might by 6%. that's between these two companies, it's a three interesting separate trade and i think some of the things that will help warm out -- that an interesting spread right here. when you come to a three standard deficient move of one to another. >> steve, your thoughts? >> we're not a political show, you've got to stay out of politics if you're a corporation. you're going to offend 50% of the people, no matter which side you take. tim talked about targets out performance with walmart this week. that was impressive. i think it's a short term about. i'll switch years and go to costco membership. they have outperformed. walmart, target, if you look at them. whether it's one month, three months, year to date or a full year. have outperformed.
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and they continue to outperform. >> you point out membership fees is really an annuity. it's a stream of income that keeps on coming. all right, coming up. keep an eye on insurance stock. yes, you heard me right. the chart master taking -- digging in. plus, earning season just getting started. and with -- report next week, we'll bring you some big action. when frost money returns. we'll look at what that list of companies will be reporting next week.
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over the last two months. and birkenstock losing another 3% in today's session, adding to a very rough first week for the sandal maker. that stopped out nearly $10 below its ipo price. meanwhile, insurance has been on a tear since the summer. or is the group going next? chart master has a technical tale of a group -- called her? >> you bet. if you just look at the top three performers in the s&p 500 index today, two of them were insurers. -- let's go right to the charts. we know there was an earnings related breakout. you can see that here and so if we step back and look at the whole group, the sp5 hundred sob group known as insurance, it has everyone you know from that. hartford, allstate, travelers. this chart here has annotations. let's put some on.
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what we have is the perfect setup for a break out similar to what we just saw in progressive. it's coming from a higher, low, high, low tension. the two names to look at that will do just that, first here is a ig. again, important levels. and also lows. a single. there is great action here. we are showing a tremendous growth in performance of banks and financial center overall. it's a very big and important area off the market. >> and stave, my take off insurance, i think of rights going up. that's what's happening. >> and when you look at the charts, progressive had that nice just charters. earlier on in the show, carter said, momentum is down we all think it's gonna be different
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this time. the flip side of that, on the way up, this church really looks impressive. i would pick that church over everything else that we showed on screen. i do like the pro korea he mentioned that aig is in. so it's a make-or-break moment on aig. but it seems to be progressive to me. >> one quick observation, you can't go three minutes watching and nfl game without seeing an ad for an insurance company. i don't care who it is, whether it's progressive or allstate -- >> or taylor swift. >> or taylor swift. you can't go three minutes without her. >> i trained channel when she's on. but insurance, the print money. higher interest rates, these companies waited a decade for this and now are they getting. if they have serious tailwinds. carter's right.
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they've got a reasonable valuation, decent work right for an insurance company, and i think it is poised to take at that all-time high. we saw it a here or so ago. but evaluation report will be out at the end of the month. >> one of them next week as travelers, i'm not sure, tim what do you think? >> aig reports and a couple of weeks and the bane significantly in the last two quarters. guy said don't underestimate that income and where they've been able to essentially reinvest since maturity -- remember when they were investigating it negatives? the world has changed dramatically. so while some of the liability and casualty and property dynamics have gone on -- some of the events we've seen, the other side is their income statement. and it's an extraordinary time to be investing in longer term fixed maturity and to be able to reposition further up.
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>> tim, thanks very much. we're going to take a quick break, because these guys make me fast and tired. we are coming up with the third quarter earnings. you see them for next week. travelers, right in the middle. america as well. tesla, netflix, more on the counter next week and we're going to dive into the options to fund at what traders make from these names. and say nbc is celebrating hispanic heritage. here is the chief supply gained officer of colgate. >> what others can learn from moderna's investing -- you can become the chief financial officer of coal get pamela. everyone can only achieve but got beyond their dreams. be proud of your heritage, be proud of your identity. what you bring with you from your country is what defines you as a professional and as a human being.
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[mind blown explosion noise] this is spring semester at fairfield-suisun unified. they switched to google tools for education because there's never been a reported ransomware attack on a chromebook. now they're focused on learning knowing that their data is secure. ( ♪♪ ) welcome back to fast money. expected earnings next week
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from thank of america and tesla and if you are in between. option traitorous putting on fireworks with a couple of the report. -- joining us now the action. you've got several you're looking at, starting i believe with tesla. >> we can't talk about stock options without talking about tesla. it's basically the biggest single stock, up every single day. it was busier than usual today. it traded 25% above average. that may not sound like a lot, but that two and a half million contract. right now the option markets can't move about 6% higher or lower after that report earnings by the end of next week. that led to some of the moves we have seen recently. at least one trader is put into the downside. 2:45 -- pin just over $16 for that. it's gonna be below 2:29 by december expiration. >> let's move on and lay out your case here on telephone. >> at&t, obviously, this is a
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hard hit stop. not trading that far off the bottom. right now the market is moving about 5% in this one. it wasn't very big. but this court today some pretty sharp moves. at least one trader seems to be betting this could be a turning point. we saw the purchase of the january 15th -- somebody paid 50 cents for almost 4 to 300. that may not sound like a lot, but -- an important thing to think about with at&t is they have a bigger divisions coming up before january expiration. >> and the final one will take us there is broad calm. >> they're earning cycle as a little bit different but they're actually gonna be dissipating and a conference next week. this was 6.4% this week, but the options are -- employing a move of about 3.6%. next week. and it looks like some traders are taking advantage of the effect those parts are low.
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an all-time high, and around that -- october 9th 50 coal for about $3.74. that would represent another all-time high. so perhaps expecting some good news out of that conference. >> mike, thanks mike. how do you react? >> interesting. tim kramer had a note, the pm deal looks like approval. if you look at broadcom, it looks expensive. but valuation, was it reasonable. especially when you compare it to some of those other names. so this is a stock that's had a tremendous run but quite frankly given devaluation i think the report in december. this could continue to grow and higher. >> tim, what do you think? >> i'll talk a little bit about at&t. and i'll talk about the perilous folks. you are seeing really solid trends -- three solid post paid and at&t still beating t-mobile by a
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lot. -- i will say the competitive landscape seems to have calmed out a little bit, but again, people are holding on to their phones longer. there is less pressure. term rates are so low, i think, at&t mobile has stolen so much better for everybody. but for at&t we don't about that sharp recovery. really a does no-show. it's going to be a decent quarter and the core business. >> steve, how about you? >> i'll talk about tesla since the other gentlemen cover the other two. tesla, everybody support about deliveries. what we've seen in the last couple of weeks, last month, tyler, is their ability to avoid the uaw. so that is a tailwind. not something around at 50 and 100 days right there, but when you look at how they dominate the charging space right now, everyone has signed on to their charging standard. just wait until they flip the switch and they'll figure out
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how to monetize that. that will be a massive, massive downwind for tesla. >> i could not agree with you more. the fact that everybody is going their direction, gonna use the or charterers, you are going to see you should pick up a great deal. absolutely excellent point. all right gentlemen, up next it is, i know guys really because about. this it's taylor time. this week brought the swifties to the box office, kicking off a new era of opportunities for theaters, trios, maybe even music artists. but is taylor's concert movie just one hit wonder? stay around for this conversation after the break. we're goa aele,nndo sfi right guys? we'll be back into.
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everybody. the hotly anticipated taylor swift eras's tour concert film officially hit theaters right now, with media analysts expecting it to smash records for concert movies over the weekend. the thumb right into put at 1 million dollars of previous. that figure may look small compared with other blockbuster deputies, but it represents just about a day's worth of sales, after that last minute
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showings were announced late on wednesday until a swift instagram or whatever she used. our next guest has a massive endorsement of the movie theater experience. we'll find out why. senior media analyst -- but i've got to start by pointing out that taylor needs the money. it's expensive to go to these -- >> beds got to be rough. an unbelievable phenomenon here, tyler. i call this innovation answering the call of the marketplace. because this movie was announced at the end of august and here it is, middle of october. and it looks like our data, up to the minute, we're showing right now $31 million today at that the 2.8 million, as you pointed out, at the top of the show. at 2.8 million, that's 34 million already. we can be looking at a 40 million dollar friday.
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these are blockbuster movie numbers, and this is taylor swift just bricking her massive social footprint and influence to bear. it really is quite remarkable. it is a mandate in five, or i should say, all of that movie theater experience. >> i'll get to that in just a minute. how much is taylor swift, when all is said and done, what is the revenues but here? who gets how much and how much is she likely to make? >> amc it is a partner in this and really the diy approach, total swift given directly to amc. there are other theater change showing the movie. a traditional movie, it ends up being about a 50 50 split. in this case, it's going to be a little bit different. we are in uncharted territory here. i've seen reported splits of a 47%, 43%. then there is other profit participants. but at the end of the day, this is going to mean hundreds of
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millions of dollars for swift, not to mention the hail affect this move is going to have on overt merchandise, music, her concert tour which will be international. she'll be going out again on tour in november, i believe. so this is about when win for the industry. >> you say, for the theater experience. explain the reasoning there. is it because it brings people in and they'll say what's coming or what? >> i think that's part of. it if you look at the oppenheimer phenomenon, and i'm sure taylor swift and her team, that was not lost on them how that became a phenomenon. why? because it was a movie theater. if those two movies, oppenheimer and barbie had been released on streaming -- i love streaming by the way, but it would not become a cultural phenomenon. the movie theater is a hub of influence. and i think that you'll see that. and by the way, they're being encouraged to break protocol. movie attendant protocol. how you act in a theater.
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you are encouraged to dance in the aisles, sing along, exchange friendship bracelets and the like. i think theater owners are bracing for this. but they're certainly happy, because it adds more content. >> but no beyoncé has something like -- if you're beyoncé, is there anyone else who could do this? >> that's the key question. >> beyoncé's renaissance tour will be in december 1st theaters. announced on october 1st. again, very quick around these artists can go through the marketing channel of their own social media to make a massive impression of potential movie goers. beyond that, it's hard to count on one hand of tests that can do this. swift and beyoncé, they operate in an orbit all their own. they're not subject to the usual laws of gravity. i don't know beyond that help many stores can do. that >> i would love to view a
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documentary on taylor incorporated. because she's a great business person. thanks all for being here. now i don't want to be snowy, but what the over under on the -- relationship. i wish them all the look in the world. >> i'm not -- >> we get to weeks if obtain? >> i can't wait to see them on the newlywed -- let's hope for that. that's going to break the bank to. let's talk about amc down 20% from before this was announced and during today's type of news. i don't think this change is that metric for theaters, but they're playing our song. >> all right, up next. some final thoughts, we'll be right back. the cheapest gas in town. and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and
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content first started coming out, it expanded what i could do for special olympics athletes with developmental needs. thousands of bank of america employees like scott spend countless hours volunteering to teach people how to reach their financial goals. it felt good. it felt like i could take on the whole world. >> time for some quick final thought. let's go around. tim, you. first >> tyler, thanks for joining us. energy -- global structural issues. >> stay, through? next >> tapestry basically lost. 40% --
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time for that to end. >> wow, all right. carter? >> i think for paid rights, by anti lte. >> t l t. and guy, bring us home. >> your 60. >> thanks for watching moore my mission is simple. to make you money. i'm here to level the playing field for all investors. i promise to help you find it, mad money starts now. hey, i'm cramer. my job is not to just entertain you but teach you and explain how things like this happen. the war between israel and hamas almost one week old has
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