. >> nvidia, i got to fade it.business is a industry is cycle beingle this multiple is no wrp close to a cyclical to me great company i won hort it fade it only this much off the top downside. >> i'd trade this one. and i usually follow karen on multiples. but i think there is space in the gaming and i think they continue to actually deliver on new chips there. the chart is a bonus for me. but i think nvidia is not one to count against. >> pete what are you doing i got to hear what you do with nvidia. >> put him on. >> because you like it. >> you game on top of it. >> you know go with tim here is why. until the growth stops that's when that stock continues to go. as soon as they miss this stock goes. >> that's a guide uptrade. >> still hared check out adobe, the cloud giant reporting earnings after the bell. what top analysts are saying about the quarter. plus the bit boss made his way over there is a struggling r reh. fomo breakout, more "fast money" after this. alerts -- wouldn't you like one from the market when

of course, amd's locked in real battles with intel and nvidia but i think there's room for all. amd is part of the tech renaissance. that's hard to deny. and even harder for investors to bail on no matter how much they expect experts to fret about how the bull market is getting long in the tooth next up a different kind of chipmaker. it's annex p semi. they make peaces for cars and almost got acquired by qualcomm trying to diversify away from chips. two years ago when it was proposed, the logic of that deal made so much sense now though they have become one of the weakest parts we aren't making as many as we thought we would be at this point with the economy growing we don't seem to know why. could it be uber, student debt whatever the cause, something is wrong and the auto stocks, ford especially so investors dough worried nxp will keep getting hammered quite be a mistake auto industry is a worldwide industry maybe we're being tooette kn ethnocentric they benefited from our country's rapid job growth few home builders are doing better than toll brothers poised to put up its hig

it is not where nvidia is.lling over big time look, this is the group that's most vulnerable because the biggest surprising for d ram and flash are indicators of what happens and people rather be in cyber security and rather be in companies that are selling to the cloud. and d ram and micron are not as cloud d. jesus, that's a good company nobody cares >> about 4% down >> micron is just -- western digitals are $9. >> i notice that nvidia is unchanged. nvidia is part of the data center gaming has red hot as ever and artificial intelligence and machine learning these are areas that when we read a lot of virtue reality in the new apple phone. you got to think about how much of that is nvidia. a lot of people want to say i want to sell nvidia and buy micr micron i don't think lisa su will say that >> 20% declined today and below 17 on a quarter that relative to ex peck tags to-- expectations t took people by surprise with sonos. >> one of the most inconsistent companies in a long time and they proved to be inconsis

which is why i hole both of them nvidia has a stranglehold on deep learning, machine learning because of software, software service that is go along with designing tools for the next generation of tech and amd does not have that. i think both can work. i don't think it's coke and pepsi. >> jim >> look, let's be clear, i'm not short amd. >> no one says you were. >> i see the better value. stock went into the penalty box despite having quarter after quarter of good earnings >> been there a long time, no? >> how long has it been? three months or four months since he left? >> stock is down 12% in that period of time >> this is about the time you would expect the board to announce the ceo they've had issues with trying to get the chips they'll get there, guys. they have the scale, the resources. i don't think you put this in the penalty box for much longer. >> okay. >>> coming up, pete najarian is with us. the stock he is tracking is down 8% on the month. will it keep going that way? maybe the options market will tell us. that's straight ahead. first the s&p. there you are. you're off the

anyway, the market is swinging for nvidia rival amd right now until that love cools, i don't think nvidia stock is going anywhere the bottom line. if you were all tech, you felt today it was indeed the end of the world. that's why i'm telling you own a diversified portfolio. as long as you own some industrials, today was just fine rotations are inevitable stocks don't go up in straight lines. in short, keep calm. carry on joe in new york, joe >> caller: jim, boo-yah. how you? >> boo-yah, joe. what's up? >> caller: so we actually melt a few months ago in florence, italy. i was finishing some gelato. i turned to my friend, that's definitely jim cramer and his wife we need to say hi. your wife took a great picture and i owe jim. let him know the next gelato is on me whether it's in italy or the hamptons next center. >> it was really nice. can i make it very clear, my wife and i love it when people come up. we're not like one of the people like hey, get away from me no, we have a show because of you. so thank you very much >> caller: well, thank you so down to business. i need to bring up jd.

and a bold call on nvidia's next move "the halftime report" starts right now. >>> it is good to have you with us on this friday, the final trading day of the third quarter. here to debate and trade the biggest stories of this day are jim lebenthal, stephanie link, jon najarian let's begin with the bull run for stocks, what lies ahead as earnings, trade, all front and center for your money. doc, we're going to keep this going, right got through the historically worst month -- >> turned it into the best month of the year. >> great quarter what happens now >> well, i think we all talk about when bad news can't drive a stock lower, for instance or if, in this case, the broad market we had almost a 5% decline out of italy today that was huge. i mean, when you have people worried about a big economy like that and you can't drive our market down, we were briefly but we've turned things around all three indices are positive so, i mean, i think the market is just telling you, judge, there's a lot of people. i'm not saying they're chasing performance but on every dip there have been buyers the

is named nvidia. you know what? i just renamed my pub amd.e now answers amd when i starve him and offer him a treat. he's learning. presidential tweets, employment reports, you name it when a company does something revolutionary, it changes behavior and creates demand where it didn't exist before when most companies talk about innovation, it's hot air almost everything that's marketed as new and improved is the same old stuff with new packaging. must have of what passes for innovation is an iteration, a look, a feel there are companies that make things easier with software, and that matters there are devices that can make your life easier, but a car drives you from a to b made with electricity instead of gasoline. the plane takes as long as it always has the pc it's still pc, even if you add a touchscreen. for the most part, even the drug companies have stopped making break thrusthroug breakthroughs. but tech that innovation can move the needle it can altar behavior. it can be new and improved to the point where you have -- where it's obsolet

nvidia is down by 8%. and u.s.ubstantially overnight in the united states because of new license given of around tackling opioid addiction. they are having insurance problems and complications from generic providers. dcc in london is down by 4.9%. and i were's business and support services company is placing up 10%. the battle with the eu is once again making the front pages and italy. this is affecting italian financials. let's get a first word news update. the u.s. federal reserve has raised interest rates for the third time this year and signals more height will come. chairman jerome powell says the american economy is strong but acknowledges challenges remain. >> re: economy is strong and growth is running at a healthy clip. unemployment is low. the number of people working is rising and wages are up. all of these are good signs. that is not to say everything is perfect. the benefits of the strong economy have not reached all americans. hsbc has raised its main lending rates in hong kong for the first time in m

. >> nvidia and gaming it's allocation. makes every game look like a movie and everyone wants to use it it's going to be hard to get nvidia has the best single story out there. >> okay. >> look at this. >> it's amazing. >> she's brilliant >> i know. i sing her praises because he's the most humble person i know. as we've been doing, david, when we had her on here. >> you did. >> she sat right there. >>yeah we'll talk more stocks including the key downgrade after this every fire department every police department is part of a bigger picture. that bigger picture is statewide mutual aid. california years ago realized the need to work together. teamwork is important to protect the community, but we have to do it the right way. we have a working knowledge and we can reduce the impacts of a small disaster, but we need the help of experts. pg&e is an integral part of our emergency response team. they are the industry expert with utilities. whether it is a gas leak or a wire down, just having someone there that deals with this every

. >> i haven't had that commitment to it, but i do like nvidia an awful lot with the gaming side of the. >> by the way, the ceo of amd has been absolutely spectacular in terms of what her attack has been to gain market share in other areas as well. so it's not the old amd that's only there to be a competitor with intel they're more than a competitor with intel. >> she gets on the ceo wall of fame. >> absolutely she does. >> joe amd? >> think of amd i think of the fact you get a correction and intel gets a little bit of a rally because i think a lot of the money in intel is in amd. >> year to date intel has done nothing. >> we own intel. >> i'm sorry we ha >> we've been using it as a source of funds. the semi cycle seems -- >> wait a minute, whose run is over >> the semiconductor cycle. >> in general? >> in general. you can have your picks but they've had a great run. nvidia is a great company but generally that's such a great run on the valuations they're not that cheap. >> even though it's a boutique, judge, these guys called it in july and reiterated and moved their target up. northla

biggest gainer in s&p 500 was nvidia. artificial intelligence futures for nvidia. for facebook with the data breach it came out and discovered. said it got it fixed up. another hit for the stock down 2 1/2% today. it is 25% off the all-time high which was reached in july. david: okay. we'll talk about tesla in just a moment, folks. don't worry. connell, thanks so much. melissa. melissa: let's bring in today's panel. carol roth, and jack otter. thanks to both of you for joining us. jack i will start with you. all the insanity going on as we watch everything in washington, keep eye on tariffs how it is all impacting things? >> just because you spent a week disgusted what you're seeing on television with the congress, we might be disgusted for totally different reasons, that is besides the point, just because that happening doesn't mean the stock market will tank. the stock market doesn't care how pleased or happy you are any given day. it doesn't care. are you working and spending. most people are working. spending is good. business in america is quite good right now

nvidia has to stop going down, too. >> let's talk campbell a little bit.discussed quite a few times. we told you that was expected this morning they did, in fact, file a proxy to replace all 12 board members, again, we pointed out were up. interesting timing on the part of campbell. and focussing on the two businesses the sale of international being one part and end fresh the other. another part of their plan but he didn't like it. he cede you can't trust the board with the keys to this company. and you can't believe they're going to unnecessarily be successful in executing on the plan they laid out and, therefore, you should support his nominees here is some of the letter best path forward to -- excuse me, since 2016 alone the board has overseen of 7 billion of value. here is poorly conceived acquisitions over levered the balance sheet he goes on to say the board remains beholdened to the agenda and the minority of course interesting i pointed this out the math here is not going to be easy. >> no. you've got he's talking about marry alice malone they cont

ever court also positive on chips including nvidia. those shares are higher. orethe same time everc is downgrading shares of seagate . sticking with technology. we're all watching the brett kavanaugh hearing today. later in the week we've got social media executives don't want to be on capitol hill before the u.s. senate intelligence ready. we've got facebook falling today. it was also downgraded. michael nathanson serving there is a toxic group now including regulatory risk for the company. those shares down 2%. ofhabet also taking a hit about 1%. in contrast with that amazon whose shares are continuing to rise. ande got the market cap approaching a trillion dollars again. we have seen amazon get very close to that trillion dollar level. the shares were up seven straight sessions. finally have to talk about currencies today in the emerging markets. we have been watching the argentine pace after the government's latest attempt that austerity. you're looking at the dollar versus the peso as it has been not sotoday as investors happy about those austerity measur

i like nvidia.om in connecticut. >> caller: my wife and eye own teladoc health >> things are good, it is not the right time to buy it if you want to hold on to it, fine it is disrupting the entire doctor patient relationship in a positive way dustin in california. >> caller: mr. cramer, how are you? >> good. how about you? >> caller: mazor. >> medtronic got major much too cheap. i need to go to gary in florida. >> caller: hello, cramer well, when my father passed away recently in january, very high interest paid dividend stocks. and one i have been watching called etp energy transfer partners it looks like it is being taken over. >> it is a high risk well, it is merging with etp and it is a high risk situation. the balance sheet wasn't good. but you can hold on to it. it is not a great situation. >> let's go to hube in florida >> caller: booyah. how are you doing? hey, jimmy, i have a stock called walmart and have been doing some very, very good progress, okay >> look, i like walmart very much, it i

individual members today, nvidia on a new over 4%, up analyst recommendation and ever corp. reducing its price target to a street high of 400. it says the company is on the way to becoming the ai standard platform. scana is up. intel rising 3.4%. it has been struggling of late, some concerns about production slowing. the company saying today they are planning to invest a further $1 billion into its capital expenditures to help boost chip production. they hope it will alleviate some shortages that have threatened to slow down the whole industry. let's finally take a quick look at the dollar, not following market side, a touch slower and it may not like some of the economic data this morning with u.s. consumer spending rising in august at the slowest pace in six months, missing estimates. consumers not white -- not quite ready to spend about concerns about the growing trade war. david: afternoon for you are. we will talk to a republican house member hoping to get a promotion. york,rom chicago and new this is bloomberg. ♪ is balance of power, i am david westin chicago. let's ge

now the hotspot the news today that tech stocks was nvidia rallying 5% changing the share price target00. a couple of weeks ago analysts were complaining that this company might not live up to the hype. next week friday in employment report in right now 200,000 jobs in september but remember it was already a month and a quarter to remember and i think we'll get more news next week and we will find out there's a reason the market has been on fire. a programming alert for you. you don't miss maria r. to roam on wall street tonight for just a special guest economist norio ruffini former treasury secretary hank paulson. talk about a one-two punch. you better watch it tonight at 8:00 p.m. right here on "fox business". with all the focus on the senate the house of representatives voted to make major tax breaks permanent and they have done other bipartisan things. we will discuss how that affects your wallet, next. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network co

and a bold call on nvidia's next move "the halftime report" starts right now. >>> it is good to have on this friday, the final tr

something to be kept in mind i leak the plays outside of it, the secondary plays and amd, for example, nvidialying and we've been watching it for the last couple of days >> final trade next. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. ca

i'm a big tech guy, amazon, nvidia, i'm asking you guys sell, anything >> no, you did not say sell techtocks >> yes, you did. >> i said i'm overweight in tech stocks >> you said yesterday, i sold -- >> no, i did not say sell tech stocks i said i'm overweight in tech stocks >> right >> did you have tulio, by the way? >> no, why not >> i just didn't have it >> are you telling us after today, after today, 9:00 to 12:00 on sunday, you're doing 9:00 to 3:00, there you're taking subpoenatake taking such a big hit on your portfolio. >> it's always great to have you. you know what, everyone fights with you you're the guy everyone wants to fight with >> you're the guy. >> i'm the voice of reason he's the voice of unreasonable >> we're going to take a page from you we have a caller on the line you're live with mike francesa >> hey, mike, it's josh from long island, long time listener. i'm down here in miami to tear up the club tonight. but i wanted to ask you about the nfl versus the nba the nba was really quick to embrace twitter and facebook and instagram. and nfl fought it and fought it and no

blackberry, i want to bring up them because i haven't talked about them in a while, nvidia, square.this is where the growth will be, why do you like these particular fintech stocks? >> fintech will grow as we see financial world gets smaller and we have innovation in this space. e-commerce like square take off because they're in payment processing. everyone is starting to spend more money online. as far as blackberry is concerned, security is a huge issue. british airways story come out. 380,000 transactions were stolen by hackers or credit card information were taken. as far as robotics and ai, with machine learning and automation taking off, that will be a great growth area. cheryl: elon musk talked about the artificial intelligence and danger of it. what do you make of someone like him? on the tech for front whether or not that is working in his favor right now. what do you say about his comments he is concerned about a.i. and there is too much power and danger in all the data flowing around and how it is used? >> i totally agree with elon. we have to be. he is trying to have it

. >> when do you see the slowdown were the under armour stock or you go to nvidia or any of the namesce you see the slowing and -- the subscriptions were posed to be double digits and now 8% is expected that's disappointing when you put a multiple on what they have prenlly and then suddenly see the slowing that's when you want to pull hands back i say that a a guy who owns kaults in red hat expecting it to be better and obviously this guess in my face when you see the slowdown that's an issue. >> it's also two quarters in a row. they lowered so much for this quarter you thought they would have beaten. and now they are guiding lower look a hoot commerce it's open source software company that sells to other tech companies. when you see two quarters like this i'm suspecting they are seeing visibility. we may see tech spending less on tech right now and the other point i mention is that, yeah it's down 20 resist% from the all-time highs in jun it's up as of of close 15, 16% guy on the year. i see a gap level to 130, 120. and wouldn't mean a lot for broader tech about you tart to extrapola

. >>> 14 nvidia 2 kid standing on a ledge. witnesses said they called for help and no one came. >> henry lee reports vallejo police admit mistakes were made in this case. >> this is video showing a little boy wearing only underpants standing dangerously close to the edge of a 20 foot drop as by standards watch in horror. >> oh my god. where are the police? i do not know what to do. >> a little girl and diapers is also seen in the window. the kids are out here and they are about to fall and there is nobody here and everybody was like where are the police? where is the fire department? unfortunately it appears the call was not properly prioritized as that kind of call wants an immediate response. we did not do that. >> it happened at about seven on tuesday night at the corner of virginia and marin in downtown vallejo. >> this is scary. this is a nightmare come true. >> this nine-year-old was leaving his kung fu practice when he saw the little boy on the ledge smiling and apparently having fun. it was no laughing matter for brans

apple, nvidia had fresh records but one fang name severely underperforming is facebook.k was downgraded saying slowing growth growing regulatory scrutiny is a toxic brew sheryl sandberg heads to the hill tomorrow along with twitter's jack dorsey. john, morgan, start with you guys it's going to be an interesting take how they answer a number of concerns, privacy, election meddling, all of the things they'll hear from lawmakers tomorrow. >> i can't help but feel that the bullet is already dodged here mark zuckerberg was under intense pressure a couple of months ago as was facebook stock. right now washington has so many more concerns, whether it is supreme court justices, midterms it doesn't feel like the moment when a real big crackdown is going to happen, but of course if there's some stumble, that could be a problem but sheryl sandberg doesn't tend to stumble. >> i think it's going to be interesting to see if and when google actually moves forward with their ceo or someone else that is of higher ranking than their previous person that they suggested. i also think it's g

something like nvidia, more specialized and graphic, it is down today but not nearly as much.lose to all-time highs. >> in a muted cycle, there is an opportunity. market share gains to be had ahead of it. case for aiullish but, in an extended downturn, people are not going to differentiate much between a and b. right? muted reaction -- >> in a real downturn, no one is safe. >> i am looking at a 10 year chart, it is up and up and up. you have that tenure chart. it has been a long time since we saw any kind of substantial slump in these stocks as a group. >> right. semiconductors are the new building block going into everything. look at where semiconductors are mostly today, 30% of the debt revenues come from these and from smart phones. if you look at autos industrials, these are new greenfield areas. the stuff in the gizmo is growing. joe: so one day in past cycles where you have the boom and bust of computers and then maybe phones, now one day this chair will have a chip in it. >> look, yes. industrials have expanded substantially and so have cars. these are areas where the g

about these record moves in the stock market we're answering your questions as usual number one is nvidiawer in texas says is it a buy after today's drop >> the drop is basically joe moo moore. >> john. >> it's basically because joe moore over at morgan stanley says that this rtx 2080 chip is only about 3% better than the previous chip. not enough to get people to upgrade. i respect joe moore but i'm going to respect the gamers' opinion and their dollars more i'm watching that. >> shawn in new york, joe. northrop grumman, give me your thoughts. >> it's pulling back i'm long this is a great place to buy it. what's being flagged is there hasn't been a change since 2001 in terms of the department of defense, the payments they make to their customers as the progress goes along. >> okay. >> so -- >> buy it. >> okay, thanks. >> how about this, micron, we didn't talk about micron yet bank of america, merrill, we heard david tappen making the case for micron. what do you say? >> it tends to be a battleground stock. will the capacity issues harm pricing. they have been weakening pricing but it's c

nvidia is up. let us go to the downside. some fascinating moves.an banking sector dominating things. the listinancials -- goes on of italian companies in insurance and banking to the downside. the insurance group is not an italian story but a u.k. and global story but it is the u.k. part of the business they are talking about as being disappointing. stephen hester is in charge. that areing actions underway but not enough to convince shareholders. that is down 9%. in the u.s., donald trump is standing by his supreme court nominee, brett kavanaugh after a day of emotional testimony on capitol hill. the president tweeted that kavanaugh was a powerful, honest, and riveting and accusing the democrats of a total sham. the judiciary committee plans to vote on the nomination today. kavanaugh spoke after one of his accusers, christine blais a ford was 100% sure that it was him that attacked her in high school. i don't have all of the answers and i don't remember as much as i would like to but the ringls about that day that me heard today are the ones i will

big losses there among other names, lam research and nvidia back to you. >> approaching the midnightout the new tariffs potentially today. coming up later today on closing bell, count down to kickoff, we will be joined by fan duel as the nfl season gets under way. >>> when we come back, social media names continue to drag twitter below 200 for the first time in a year "squawk alley" starts in a few moments. ♪ this is a story about mail and packages. and it's also a story about people. people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ experience a blend of refined ...and raw power. engineered to take the crown. the lexus ls 500 and ls 500h. experience amazing at your lexus dealer. with tough food, your dentures may slip and fall. new fixodent ultra-max hold gives you the strongest hold ever to lock your dentures. so now you

nvidia also rising. that's not the story for the down.chart with day moving ts 200 action. lots of buying action but then look at the volatility. that the last t all-time high for the stock happened inspect march. that's a huge divert and someone call it a barish divergence. in august.s testing this 200-day moving average five times, just this 10-day moving n, average is starting to flatten out. this could perhaps be barish. tell, julie but interesting to take a look at those conflicting signals. julie: i'm looking at broad in part in utilities, interest rateser in part because of higher interest rates but they are in the red down by 11%. this is the company whose pipelines, whose natural gas, provides gas to homes outside of boston. words, you've been hearing the reports of those explosions and fires outside at on that have resulted in least one death and multiple injuries. now there will be an as to exactly what's going on and it might be some sort of legal liability for nicor. downgraded to a sell because of this. there is uncertainty

stocks have been on a big move, yesterday a bit of reversal but it's always been at the expense of nvidiam takes the price up to 350 and says listen this is an artificial intelligence play fast becoming the monopoly for artificial intelligence, in other words not making it a story about gaming, about data center where they're nipping and nipping. there's room for both. who told me that dr. lisa sue who is my hero. >> she's your hero >> up 200% >> that's what it takes to become your hero >> sometimes off hero and they stop being heroes. >> look, you heard what jeff bezos said if it's down 30% -- >> don't worry. >> that was the other david. 30% dumber >> whatever you say david said, we assume you mean -- >> unless it's discovery which david is making the discovery. >> that's david zasloff. >> all of the david's are in ascendence king david. >> quickly, mad tonight? >> i have broadridge and boot barn gina went to boot barn, she wanted to buy the whole store. >> that's wonderful. >> jim, have a good weekend. >> going shopping with me? >> never, ever. >> fly eagles, fly, we'll go into kohl's.

if you look at nvidia, that is priced for perfection.u read the whole report, it's actually not that negative they're say priced for perfection if things are priced for perfection, they will come under pressure, because a lot of analysts say i want to ring the register i don't mean tore equivocating, but these are not dot-comes, they're really well-run companies. >>> why is the market rallies in the face of higher yields? >> the last group that led the rally were the financials. i think they can continue to -- ahead of what is beginning of reporting season i know wells fargo, obviously burdened by different issues involving their lawsuits, wells fargo having an excellent quarter. i know that jpmorgan is having an excellent quarter i do think this group has come on fire again after being hit by a downgrade of suntrust recently, which was really about, as we know, low growth slowing. some of it is just because the economy is so strong, but day you have darden you have a tremendous belief, morgan stanley piece about apple sales in china ver

the big winner, nvidia. it's best day since april 10.sh comments with the analyst raising price target by more than 30% to $400 per share saying this company is on the cusp of becoming an ai standard platform. lots of strength for the trip today. on the month, it is a source of weakness where the nasdaq. we happened to the bloomberg and take a look at this chart of the stock at last year's beautiful uptrend. telling you the buyers are in control. they are very confident the chip sector will do well. an all-time high in march. that was a bullish divergence to the other averages i had put in all-time highs back in january. that is the last all-time high we have seen. since then, we have seen this chip sector bouncing along the 200 day moving average telling you the buyers are not concerned with the sellers are not confident neither. it will be interesting to see how this key sector goes in the fourth quarter. sellers are say the very confident today when it comes to tesla. scarlet was talking about how we are seeing the shares plunge. i am

that's twice the multiple of amazon four times the multiple of nvidia and these are companies consideredtelligence machine plays. you f you apply it to the automotive sector, either way you cut it the valuation is absurd and the stock has been going up primarily because of mr. musk's brand vision. >> joseph, what is your estimate right now of the company's capital needs and how will that be inform bid the numbers we'll get in the next few weeks? >> the capital situation is perilous with the $920 million it converts to in february given where the current stock price is cash flow will improve it's still going to be a little bit on edge. if you look at what elon and tesla's future plans are, multiple rounds of capital, billions of dollars will be needed and we think that could be a bit more difficult to raise. >> i think the issue going to be -- they're going to have a difficult time raising capital if the s.e.c. investigation continues. based on our calculations, they'll have to raise anywhere from $1.5 billion to $2 billion in the fourth quarter alone and they're burning through about $60

charts of nvidia, amd, several others in the semiconductor group, a lot of them are at or near all-time even while nasdaq is selling off. neil: ted, your quick take on that? >> we don't necessarily look for that. i think people don't realize the tariffs with china are probably going to really affect eventually affect free cash flow margins of a lot of tech companies as well. it hasn't worked its way in yet. but we see that happening over time. neil: gentlemen, i want to thank you both. we're keeping on top of the tesla investigation and what they're looking at to resolve all of the problems. easier said than done. our charlie gasparino is all over it after this. ♪ as moms, we send our kids out into the world, full of hope. and we don't want something like meningitis b getting in their way. meningococcal group b disease, or meningitis b, is real. bexsero is a vaccine to help prevent meningitis b in 10-25 year olds. even if meningitis b is uncommon, that's not a chance we're willing to take. meningitis b is different from the meningitis most teens were probably vaccinated against when you

mere -- nearly the size of an ipad many to keep folks at nvidia like netflix happy. the two smaller cheaper models will have facial recognition and an old hold cold button like the old iphone x. a price that apple hopes will for your budget. apple says they cannot wait. >> i'm always looking ford to the amount in the new product. i think we're at a pinnacle for apple will do next. truck analyst believes the new models range in price from $650 up to $1000 and will feature better cameras, faster processors, wireless charters. you can expect discounts i the old iphone x if you're in the market for one of those with new phones that will be available by this weekend. by friday. also expect upgrades to the smart watch. earbuds that you wear, and if you're in the market for an affordable laptop, apple will be introducing one of those today as well. a lot is going on here and -- cupertino. it all starts at 10. i'm frank mallicoat. back to you. >>> our question of the date of this. what you do with your old gadgets when you upgrade them. seven percent of you say that you thro

intel rallying following comments from the interim ceo and nvidia surging but amd has been a leader tanking pop goes the weasel over there. more on what is driving this group coming up. and a number of stocks hitting all-time highs right now edward life sciences, take 2 interactive and lowes among them courtney. >> thank you very much i'm courtney reagan here is what else is happening. after an evenings day brett kavanaugh facing a senate committee vote about 30 minutes from now we head to wrkt in a moment. and good news for power lufrmers be the irs is allowing meal expenses to be 50% tax deductible this has been used by millions who take clients out for meals and slack is preparing to go public in 2019 the "wall street journal" says the offering could value the work chat software company at $7 billion. and would be one of the largest tech ipos since snap in 2017 back to you mels aire. >> thanks. we begin the hour of breaking us news factual basis facebook discovered a security issue ask affecting millions the stock turning reporter moments ago. julia boorstin joining us from los angeles w

i want you to deal with nvidia. that's a stock we follow because that thing has gone straight up. there are a lot of factors and it's artificial intelligence, what's happening in 5g networks, augmented reality and block chain all rely on tpus and they are one of the leaders in that space. everyone is looking to them to actually provide the chips. they are taking a role where intel used to play that role in terms of advanced technology but you are seeing them as partners, you are seeing them in almost every deal where people are trying to figure out what's next in the marketplace. stuart: if you're not careful, you will be on this show fairly regularly on a friday morning, because we like guys who can smile and say this is going up. we like that kind of thing. ray wong, come back soon. see you again later. >>> the jobs report, 201,000 new jobs added in the month of august. last hour i asked larry kudlow if he was just maybe a little disappointed with that number. listen to what he said. >> there is an economic boom, today's jobs report continues it. almost nobody believed possible.

that's how positive they are, it all has to do with artificial intelligence, they say most importantly nvidia ai standard platform, that would be huge in terms of money going forward, 30 to 35% for the year 2020 and beyond, we will cover that more and throughout the day and there's more varney after a quick break. ♪ this is loma linda, a place with one of the highest life expectancies in the country. you see so many people walking around here in their hundreds. so how do you stay financially well for all those extra years? well, you have to start planning as early as possible. we all need to plan, for 18 years or more, of retirement. i don't have a whole lot saved up, but i'm working on it now. i will do whatever i need to do. ♪ plan your financial life with prudential. bring your challenges. stuart: we have been covering and i'm sure you've been watching in brett kavanaugh hearings, the judiciary committee will vote on it today 1:30 eastern time. democrat senator joe donnelly will vote no. on the phone now judge andrew napolitano, judge, kavanaugh's vigorous defense lindsey graham's vigorous

when nvidia went viral, it went viral on social media platforms and it sparked a debate, people sayingff by looking at the area, the place itself. exactly. we had a few clues, what the soldiers we re had a few clues, what the soldiers were wearing and the fact that it said it took place in the far north of cameroon. we had a specific mountain ridge lying, we look, to the far north of it is a region in cameroon, we looked on google earth on every single mountain ridge line, to see if we can match it to what we had. that is hours of work and quite rigid efforts with —— collaborative effo rts rigid efforts with —— collaborative efforts with analysts at the bbc. you have the ridge, you have to focus on one area, howell was that done? the ridge is one piece of evidence, it might be wrong with the topographic. we had to look at every image of satellite imagery and were looking at the general area, that is what we did. you see this track we had on the video, same with buildings and also, with this tree. these are a few examples that we show for the video that can confirm every single tree, ev