i'm scott wapner. this our, our continuing conversation on whether this market is in danger of overheating or if if it is about to go into overdrive n. a week where famed market watcher robert schiller said here on this show, that stocks could go up another 50%, we welcome another market guru. also,

scott wapner and the half. >>> welcome to "the halftime report." we begin with another major market watcher weighing in on the rally and the risks. mark faber best known for his doom, gloom report. also for us for the hour, jeff chernova, stephen weiss, kerry finerstone. kevin o'leary is here as well. we begin though with the man who says there is a bubble in u.s. stocks. mark faber here on set with us today. nice to see you in person for a change. i think people are predisposed to think of you as bearish. why a bubble in the u.s.? why this feeling now? >> well, i think that we have to distinguish the different sectors in the u.s. the bubble is in the most popular stocks is making great companies. amazon, netflix, so forth, but they're highly priced and don't forget. october '99 to march 2000 the nasdaq 100 doubled and then it went down 70%. and navidia which is one of the millennial's favorite stock declined in 2000 to 2002 by 95%. after 2007 it declined by 88%. i think we are in a financial bubble, not only stocks but also bonds and we have this

scott wapner at the sohn conference. >>> welcome to a special edition of the halftime report.cott wapner and we are live today from the sohn investment conference at lincoln center in new york where some of the biggest money managers in the world are pitching their best ideas to try and end childhood cancers. cnbc is the exclusive broadcast partner and we'll speak to two of those investors in a little bit about their big ideas. brad and keith meister, also with us for the hour today, three of our own. joe, steve and josh brown. it is a

let's get to scott wapner at hq. >> and welcome to the halftime report. i'm scott wapner. our top trade this hour, the bernanke buzz kill. while the former fed chair says the economy won't be as strong as some think and what ma meta to your money and the market. with us today -- want the begin with those controversial comments from ben bernanke. the former fed chair telling squawk box this morning economic growth is unlikely to hit and sustain 3% anytime soon. >> i think if there's a big tax cut for example that lowers tax rates, you might have a bump. because of the increased demand, consumer spending. >> gets you over 3%. >> probably not. i would take the under on that. >> very interesting comments from the former fed chair. >> he was great and listen, he deserves a tremendous amount of credit for what he did for this economy. the recovery was called the obama recovery i believe he had the large hand, but he's 100% right. getting to 3% is going to be difficult because the driver of gdp in this country now is software. is services. it is the technology component and that

over to scott wapner and the half. >> top trade this hour, bull run. stocks can keep climbing. he's with us today to debate where your money will work best. with us today -- mike wilson is with us. morgan stanley's chief u.s. strategist and let's begin with the markets and his call that the s&p 500 can reach 2700 over the next 12 months. welcome. that's quite a way come out of the box today. >> why not, right? somebody's got to be the bull. >> how do we get there? >> this goes back to last year. this has been a very sink nous, from 15 recession, 16's recovery was born from that. when i say recession, i mean global recession, it was pretty harsh. i think the distractions of brexit, the election here in united states. ref rerendum of the month in europe. that has really distracted people from what's going on and now n the first quarter, we see the proof. the earnings have been spectacular. i think if you would have asked me three months ago if the first quarter would have been this strong, i would have been more positive ant how this would play out. roll into that the fact rates

i'm scott wapner. top trade this hour, the apple aftermath. why that stock falling today and whether it is a reality check for investors. with us for the hour, steve weiss, the brothers and rich, let's begin with apple. that stock is taking the biggest bite out of the dow today following its earnings report. iphone sales coming in light ethan expected and yet, i look at my list and almost everybody including you is thinking about buying more. why? >> i bought some this morning because i think you have a free pass. unless you have something y absolutely rouse in the next quarter, everybody's looking forward to the launch in september. so why not? it's one o f the safest stocks out there. i think the especially thuz y enthusiasm is going to continue to build. >> to pete's poind. >> yeah, pete. >> that strong. >> it was okay. it was fine. >> almost everybody on this desk other than rich is either buying more today or thinking about buying more. >> but it's also within the context that i'm not wildly enthusiastic about the market. i want market ex

scott wapner at the sohn conference. >>> welcome to a special edition of the halftime report. i'm scott wapner and we are live today from the sohn investment conference at lincoln center in new york where some of the biggest money managers in the world are pitching their best ideas to try and end childhood cancers. cnbc is the exclusive broadcast partner and we'll speak to two of those investors in a little bit about their big ideas. brad and keith meister, also with us for the hour today, three of our own. joe, steve and josh brown. it is a great event. one that moved stocks, if not the markets themselves. there's one stock on the move today, apple, another all time high. you know, josh, this is becoming a recuring theme. market opens, apple hits a new high. qs hit a new high. >> here's what's interesting about apple that i don't think a lot of people have proseccoed. apple made a market cap all time high in february 2015. and then even though price continued higher eventually, it's not until friday that apple repeated and made a new market. that's because of all the buybacks

let's get to scott wapner at hq. >> and welcome to the halftime report. i'm scott wapner. top trade this hour, the bernanke buzz kill. while the former fed chair says the economy won't be as strong as some think and what ma meta to your money and the market. with us today -- want the begin with those controversial comments from ben bernanke. the former fed chair telling squawk box this morning economic growth is unlikely to hit and sustain 3% anytime soon. >> i think if there's a big tax cut for example that lowers tax rates, you might have a

i'm scott wapner. are stocks overheating or simply about to go into overdrive? with us for the hour today, joe, steven, the brothers are here. let's begin with the market. stocks once again reaching new highs today. the s&p, the nasdaq doing just that. pete, what's your take on this really debate in the market about whether we're about to overheat. >> right. >> or we're going to go into overdrive? >> i feel the overdrive is my direction. we've been lagging in energy, we've been lagging in financials. they have been not really participating in this. we get any participation from that, scott, think about the momentum that could push into the marketplace. obviously we've gotten through these earnings. tech has a leader. they have been an absolute work horse in the market. and each and every day we seem to see it. it's not just the big fang names, it's across the board all way into the semi conductor world, but technology itself is leading. >> we mentioned, joe, 2400 on the s&p was a significant hurdle to get over. we closed above that and now we're at 2412. the sig

let's get to scott wapner and see what's coming up in the half. scott?ceo of omega advisers, leon cooperman. it's going o be his first interview since settling with the fcc. why he decided to settle. he has been very outspoken against the s.e.c. so we'll certainly talk to him about what the ordeal was like as he went through it and what he wants to do now with his business that did, in fact suffer. we'll talk about the markets as well. but we'll talk about what it means to him as he goes forward with his busy. >> i'm looking forward to hearing from lee. there are names we all know and have been involved with, scott. >> amazon crossing a thousand, he owes it. facebook, google. coming off a week where you heard from robert schiller talking about market going up from 50% perhaps and jeremy siegel always coming on our show talk about that juxtaposed against the warnings of singer and others. we'll get lee's thoughts. maybe he'll settle the score, if you will, on the debate of the rally and the risks, and we deal that in about ten minutes or so snow appreciat

over to scott wapner and the half. >> top trade this hour, bull run. stocks can keep climbing.s today to debate where your money will work best. with us today -- mike wilson is with us. morgan stanley's chief u.s. strategist and let's begin with the markets and his call that the s&p 500 can reach 2700 over the next 12 months. welcome.

. >>> over to headquarter, scott wapner and the half. >> our top trade, d.c. drama. whether the turmoil around the trump p presidency has reached a tipping point for stocks and how to protect yourself if it has. with us today -- and kevin o'leary is here. also with us from the white house today is cnbc's eamon javers and from new york, cnbc cr contributor, ron inaans. vix surging to its highest level since late april. our question is this, whether a market that has largely ignored the controversy in washington and if it is finally paying attention what that means to yo your money. kevin, people have been surprised at the complacency of the market. is today a sign all of that is about to change in a big way? >> i don't think so. this is just the pause that refreshes. we've been waiting for a correction like this. it's not a big deal. this whole thing with trump and the circus around it is to boil down to, he said he said, a memo versus what he said to him at a din r, whatever, it's going to go away. i'm extremely bullish about the markets and i took this opportunity t

i'm scott wapner. strtrade this hour, up, and rayway way, why tech keeps rallying to new record highs. with us today, joe, josh, steve, pete. begin with the nasdaq rallying today. serm names hitting new highs today. pete, apple, amazon, netflix, adobe, sales force, all hitting new highs today. >> we've been talking about how the technology space as well as some of the other sector,

i'm scott wapner. our top trade this our, our continuing conversation on whether this market is in danger of overheating or if if it is about to go into overdrive n. a week where famed market watcher robert schiller said here on this show, that stocks could go up another 50%, we welcome another market guru. also, on the panel -- let's begin with the markets. the biggest question for investors, whether u.s. stocks are really still the place to be and let's waek in jeremy with us once again live from philadelphia. professor, welcome back. >> good afternoon, scott. >> professor schiller at the beginning of the week saying stocks could go up another 50% from here. what do you say? >> i said are you bullish? it could go up 50%. it could go down 50%. the word could does not really mean that that's what he expects. but you know, the momentum is there. the earnings momentum is is there. i think actually it's very, the dollar being down is very positive. especially for the s&p 500. that's why you see the streng

i'm scott wapner. our top strtrade this hour, up, and rayway way, why tech keeps rallying to new record highs. with us today, joe, josh, steve, pete. begin with the nasdaq rallying today. serm names hitting new highs today. pete, apple, amazon, netflix, adobe, sales force, all hitting new highs today. >> we've been talking about how the technology space as well as some of the other sector, but technology space when you look at the names that have put out the numbers, not talking about trump rallies, any repateuation yet, any of those tax reforms, the raw numbers that people have delivered. when you look at apple's numbers, blew it out. people had no idea they would do as well as they're doing. services being the focus. look at microsoft for instance. you look at the earnings this quarter so far, from the technology sector, it makes sense that's a leadership. >> is this too much though, joe? are these stocks getting out of control? i tell you, the nasdaq 100 up is 17% year to date. 6.5% in a month. >> n

i'm kelly evans along with joe kernen and scott wapner this morning.r -- there was a time limit. >> put him on the clock. >> like the nfl draft, you have ten minutes to come up with something good. if not, you're out of here. >> let's check in on the futures. we are seeing continued weakness this morning. yesterday the dow had

. >>> over to headquarter, scott wapner and the half. >> our top trade, d.c. drama. the turmoil around the trump p presidency has reached a tipping point for stocks and how to protect yourself if it has. with us today -- and kevin o'leary is here. also with us from the white house today is cnbc's eamon javers and from new york, cnbc cr contributor, ron inaans. vix

. >>> scott wapner coming up on "the halftime report." if stocks are so close to new highs, why do some investors not trust the rally? we investigate what it might mean for where we go from here. >>> it's been 15 years since netflix went public. so which recent ipo should you bet on for the next 15? >>> how do you know it's time to throw in the towel on a sinking stock that you absolutely love? "halftime report" starts in ten minutes or so. see you then. >>> let's get to the cme group and rick santelli. hey, rick. >> good morning, carl. you know, walking around trading floors, you really get to hear some interesting conversations. one of the most interesting conversations as of late has been about the weak dollar. let's think about the weak dollar in very very different terms, quite simple terms, actually. if you are looking to go buy something, and it's on sale, you may end up buying it more aggressively, buying more of them. if paper towels are on sale you get three for the price of one, you are probably going to buy six. when the dolla

i'm scott wapner. top trade this hour, the apple aftermath. that stock falling today and whether it is a reality check for investors. with us for the hour, steve weiss, the brothers and rich, let's begin with apple. that stock is taking the biggest bite out of the dow today following its earnings report. iphone sales coming in light ethan expected and yet, i look at my list and almost everybody including you is thinking about buying more. wh

i'm kelly evans along with joe kernen and scott wapner this morning.f you don't answer -- there was a time limit. >> put him on the clock. >> like the nfl draft, you have ten minutes to come up with something good. if not, you're out of here. >> let's check in on the futures. we are seeing continued weakness this morning. yesterday the dow had 370 point selloff, we're implied to open lower by 87 points. the s&p implied to open lower 8. the nasdaq down 27 having the worst day since brexit last june. the dollar has been in a slump. kind of unchanged right now. 97.50. not long ago we were up above 100 and talking about going higher. big reversal. the yields have been falling. i guess roiled by the stuff happening in washington. the ten-year below 2.2%. 2.188. how about europe. the nikkei down 1.3%. hang seng down 0.2%. shanghai down half a percent to 3,090. over to europe, i love how they react to the weak day we had and set us up for another day of weakness. >> the chicken egg tail waging dog thing. >> theftse mib down. the ftse 100 down 1.5%. the german

scott wapner and the half. >>> welcome to "the halftime report."gin with another major market watcher weighing in on the rally and the risks. mark faber best known for his doom, gloom report. also for us for the hour, jeff chernova, stephen weiss, kerry finerstone. kevin o'leary is here as well. we begin though with the man who says there is a bubble in u.s. stocks. mark faberer

the halftime report with scott wapner and the traders returns in two minutes. liberty mutual stood with me when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance. >>> price targets on home depot and lowes. growth remains strong.. our call today. let's trade this one, stef. what do you think, on home depot, they go to 163 from 154. lowes, 94 from 83. and they're talking a lot about home prices .home price appreciation. remaining solid. >> i don't think that's going change anytime soon. rates are still relatively low. even if they inch up higher, they're still historically low. disposable income is up. so the consumer where they are spending and they have been choosing, we've talked about that for a lock time. they are spending part of it on their house.. so i think between the two, yeah, lowe sess always cheaper than home depot and that's because they have the execution issues and there's maybe more

i'm scott wapner. are stocks overheating or simply about to go into overdrive? the hour today, joe, steven, the brothers are here. let's begin with the market. stocks once again reaching new highs today. the s&p, the nasdaq doing just that. pete, what's your take on this really debate in the market about whether we're about to overheat. >> right. >> or we're going to go into overdrive? >> i feel the overdrive is my direction.

with that, we'll turn it over to scott wapner and "the halftime." >> thank you so much. we'll keep our eye on things taking place in the nation's capital. the market, a nice little comeback after the worst day of the year for stocks. the dow only up about 17.5 points, s&p up less than 4. it is the nasdaq up 20 points, still hanging above 6000. with us for the hour today, joe, josh brown will be along in a moment, kevin o'leary is mere and mario gabelli is here. it's good to have you back, mario. >> oh, it's a privilege to be here. >> joe, nice to see you as well. so that was it. kevin, 400 points down for the dow and here we are. why no follow-through? >> because it was just noise. the washington circus is really disconnected from the market and i think most people are pretty comfortable with that idea. even today listening to wilbur ross after all that chaos, the administration has a lot of functional people in it outside of the circus that we're watching with the trump/russian story. it just has nothing to do with earnings. that's what i look at. >> mario, yesterday we

good reason is how the heck can the stock market still be up here, various indices, you heard scott wapner's tease, i know what the answer is. do you have any technical or fundamental observations to back up the moves and the lack of volatility at these lofty levels for equities? >> it's called the central banks of japan and europe keep pumping money in, in essence there's someone underneath the markets called the central banks who are giving enough money to investors to keep stock prices elevated. add to that a u.s. economy that's doing better in realtime. the data i see, than i had expected and it seems like trump's presidency has recreated a bullish atmosphere amongst small business people who are doing more and we are seeing it in our realtime data on withholding and other trim tabs, macro economic indexes doing quite well this year which says that things are better than i had thought would happen. >> you know, charles, this is an important point on small business. i want our viewers to know, okay, you are not a huge trump guy. as a matter of fact, in the article you wrote stating what y