i find many businesses inside 3m did not meet those criteria. we are company, as you know, we grew 5% organically, with 25% margin our expectations is very high. the business could not meet at least three of those four elements, they will be better off with a different owner they are smaller, the margin lower and not growing fast and we couldn't create value so we said that is not a personal issue it is a business issue they can go somewhere else at the same time we purchase businesses where we said on those four fundamentals we will create value very fast and you are right, bigger, performing better and more profitable and the relevance for us in the market is significant. >> people are nervous and people want to know dividend safety are companies really buying back stock. is this something that just started? 3m embodies all of those why not go over the 100 year record. >> i would say one thing that i think is important if you think about a bell curve, think about the bell curve where you say in the middle is the ceo. very important on the left

the shares of 3m are unchanged. >>> boyd gaming missed analyst forecasts.hile the casino operator saw growth across the board, the weakest growth came from properties in las vegas. >>> shares of texas roadhouse are lower despite better than expected fourth quarter results. same-store sales rose nearly 6% topping analysts estimates shares down this morning >>> still ahead on "worldwide exchange," what amazon just did that could deal a big blow to pharmacy stocks. those details straight ahead. >>> and walmart had its worst day in 30 years. so what's next for the company er'll get a top retail expt's take when "worldwide exchange" returns. you know what's awesome? gig-speed internet. you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> welcome back to

. >>> 3m will pay $850 million to settle claims it contaminated water in minnesota for decades. 3m is st. paul. minnesota's attorney general alleges it polluted water in the twin cities dumping chemicals used to make scotch guard from 1950 to the early 2000s. officials say 3m should have known it posed a risk to the environment and residents' health. 3m says it will work with the state. but 3m doesn't believe there's any risk to public health. $ 50 million. >>> -- $850 million. >>> the co-founder of guess stepping aside amid harassment claims from supermodel kate upton. paul marciano will give up his day-to-day responsibilities during the investigation. upton said he verbally harassed and groped her including at a photo shoot in 2010. marciano denies the allegations, but it's affecting business. guess' stock has dropped 20% since upton spoke out. that's right. >>> thanks for joining us this wednesday. i'm >>> the next step is going to be on them. it's going to be their fault. >> we're going to get something done. >> he may have an a plus rating from the nra but not from us. >> school

3m is based in st. paul. minnesota's attorney general alleges it polluted water in the twin cities, dumping chemicals used to make scotchguard from 1950 -- 1950 -- to the tellery 2000s. officials say 3m should have known it posed a risk to the environment and residents' health. 3m says it will work with the state but does not believe there is a related risk to the public. >>> the co-founder of guess stepping down amid harassment claims from supermodel kate upton. paul marciano will give up the day-to-day responsibilities during this investigation. upton says marciano verbally harassed her, touched her very inappropriately, groped her after a photo shoot in 2007. marciano denies the accusation. the allegations are costing his business. guess' stock has dropped 20% since upton first spoke out. wow. >> yeah. some powerful allegations there. >> yep. >>> "early start" continues right now. >>> we are here to ask yes or no questions. are you for, or are you against the killing of students? it's a yes or no que

minnesota accused 3m on. contaminating ground water in eastern suburbs of the st. paul. >>> mcdonald's is also bringing back its beloved sauce, diners have been asking for more, since limited release back in october sparked lines at restaurant as cross the country, and outrage , when there was not enough sauce to go around. fast food giant launched a web site appropriately named we want the sauce.com, tomorrow, it will announce when, where and how much, the sauce will return to stores, right now, on e bay you can buy two unopened packages of the sauce , for just under $6,000. jim and rahel. >> must be some good sauce. >> i must have miss that had one, i don't even remember that one coming by us. >> i kind of vaguely remember it, all right. >> we will check with you tomorrow. >> all right, thank you. >>> south jersey community is outrage after some students in maple shade high school allegedly posted a racist video on social media allegations led to increased police presence at the school yesterday n a letter to parents school officials say that the post accused map

the pollutants are blamed for posing a health threat to people as well as wildlife, but 3m insists it did nothing wrong or illegal. >>> a company headed by elon musk has received a permit to begin preliminary work on a tunnel between new york and washington for his hyperloop. musk says the travel time between the two cities in the hyperloop would be just 29 minutes. a similar tunnel planned between las vegas and los angeles. in this case the permit allows for building preparations at just a single site in washington. >>> and video from the seafood section of a supermarket caught our attention overnight. it's pretty interesting. one shopper landed the catch of the day with very little effort. watch this. the fish tank had a store in china. one fish trying to escape the net, whoa, leaps right into the shopping cart. the little boy sitting in the cart stayed remarkably calm. >> that is some shopper convenience right there. >> that is convenience. >> the fish jumps right into the cart. >> uh-huh. watch it again, ah, nice. >>> all right, when we come back, the new test that could change ho

leading the do yw was 3m coca-cola was laggard. on the s&p, hp inc.ecliner michael, what do you make of it? the significance is mostly in the context of crazy selloff we started the month with and now the crazy rebound we've had. >> the market acted as if it didn't want to go sideways and build a base and be patient recovering those losses. we gained about back three-quarters of the losses if you count back the intraday lows that's more than you would expect you'd get by this point i think it's important to dial back and say, where have wecom one month to the day since the market peaked? you're down -- >> a month today - >> the melt-up peak appened. >> the final friday of january was when it peaked you're still about 3% or so below those levels but up more than 4% year to date it's really only in relation to how good january is we've had such a hard time lately. that being said, you cannot pencil in, we're going up to the highs and up and away from there. something has changed. the volatility of the market is not quite subsiding. >> we used to be belo

won a combined three commonwealth gold medals in 2010 and 2014, will compete in the 10m platform and 3mo dispense with its use of ‘grid girls‘, today it's been announced they'll be replaced by ‘grid kids' for the forthcoming season. our f1 reporterjennie gow joins us to explain. grid kids or mascots i guess... is that how's this going to work? the fia will link into a lots of different bodies that they have seamlessly... and they will pick young drivers to come and stand alongside them. half an hour before the race, when the cars are wheeled into place. it is when the drivers arrive on the grid. that is what they are going to do, to try and... are great kids likely to be a more —— grid kids likely to be a more popular decision? peewee action has been largely positive. there are some “— been largely positive. there are some —— the reaction has been largely positive. there are some who will miss the grid girls. they would like a will miss the grid girls. they would likea mix will miss the grid girls. they would like a mix of girls and boys, so hopefully that will happen, and hopefully tha

stocks rallied with the dow going 400 points on a boost from 3m, boeing and apple. ed fed chair jerome powell testifies today on the american economy on capitol hill. tracy, back to you. >>> 5:26 right now. a violence encounter involving camden police is caught on tape. next, only nbc10 talks to the man that you see getting knocked to the ground there. >>> also taking a stand regardless of the risk, neck why the cherry hill high school students plan to walk out of classes today. >>> i'm meteorologist bill henley. a colder start this morning. we're in the 30s right now. a few spots in the 20s. a little bit of a breeze blowing in center city. but that's dry air that's coming in. and that will ensure a sunny day today. i'll show you what that does with the temperatures with the neighborhood forecast just ahead. >>> i'unafraid to walk out. students at a camden county high school say they stand united for a teacher in trouble for speaking out about the florida massacre. >>> and philadelphia parking authority prepared to catch drivers breaking parking laws. >>> special ed

the s firms the economy will accelerate 3ms earnings. shares up were up 1%. beeser home upgraded to yut pachl at wedge bush. the firm says t stockese decline is overdone. the analyst set a $22 price target there. shares of beeser rose 4 cent to $15.95. and quest diagnose knicks upgrated from outperform to neutral at credit suisse. the price target raised to $118. quest up $2. it finished the at $101.39. >>> still ahead, why two health care heavyweights may want to tie the knot. >>> the ceo of apple down played the possibility that the company might issue a special dividend. at its annual share holer meeting tim cook says he's not a fan them when asked if he would issue one following the recent changes to the tax code but he did say the board is a committe ual increases in its regular dividend. >>> amazon reportedly expanding into the medical supplies business. the on line retailer is looking to establish a marketplace where hospitals could stock up on supplies for emergency rooms, operating rooms, outpatient filtsd. the report rippled through parts of the med

. >>> on the "cbs moneywatch" amazon prime members can enjoy a new perk, and 3m agrees to a major settlementking hall is at the new york stock exchange with that and more. good morning, diane. >> good morning, anne-marie. the winning streak on wall street ended yesterday after shares of wall start plunged 10%, the biggest drop in 30 year. the decline came after reporting weak online sales. others also fell. in the end the dow sank 254 points. the s&p 500 finished nearly 16 points lower. the nasdaq lost five. >>> the maker of post it notes is settling a lawsuit with minnesota. they are not admitting it caused the public health issue. >>> and amazon prime members who use their amazon prime reward visa card are now getting 5% back on their purchases at whole foods. the new perk kicked in yesterday. amazon already offers the same for card members who make purchases at its website. >> still to come, hope for kids with peanut allergies. the simple treatment that's helping prevent reactions to peanuts in children. it's for people who have been hospitalized for a heart attack. brilinta is taken with

to in 2005, his son franklin leads conagree investigation. >> reverend billy graham dead at 99. >> 3m for settled without commadmitting caused the issue 3m up nearly 30% over past year. >> you will continue to see this queen elizabeth ii making a surprise appearance at london's fashion week 91-year-old watched richard quinn show sat in front row with vogue editor in chief ana wintour quite the impression even got ana within tour smiling a big thing, queen elizabeth a surprise patterns there, the perfect place for stay as long as you don't believe jason is still out there could be -- members opened this place again infamous -- did you know a young boy drowned the year before those two others were killed? cheryl: that place is the campsite from the friday 13th movies up for auction if you want an overtonight stay the camp usually boy scout always closed to visitors going to open up for business, fans of series can bet on vip package until february 27 special guest low plays the lone survivor from 19 8 0 attend tours this year, if you want to be scared. >> somebody have fun, thank you. >

strongest ecovery has been technology stocks, led by apple, intel, and cisco, and industrials led by 3m and boeing. bothe sectors that very sensitive to the global economic recovery. for ly busess report," i'm bob pisani at the new york stock exchange. >>> one day ahead of fed chair powell's testimony, federal randall overnor, quarles today reaffirmed his for gradual interest rate increases. and offered an optimistic view of the economy. quarles suggested that the economer may be on the of a sustained period of faster growth. >>> and goldman sachs is keeping its eye on interest rates. an economist at the firm said that i the yield on the ten-year treasury hits 4.5%, stocks could move sharply lower by as much as 20 to 25%. the economy it, says, wouldsu ao er a sharp slowdown, but that's the worst casescenario. the firm's best case calls for a yeld of 3.25% the end of the year. >>> and of course, the ho aing market io rate sensitive. today we learned that sales of new single-family homes in january fell for a second straight mth and hit a five-month low. the number was way down by steep d

boeing, home depot, goldman sachs, 3m with big declines. fairly high priced stocks. trust me, they were down today, rather notably they were a big -- those four probably accounted for a good percentage of the dow's decline overall. this is terribly frustrating for everyone as we noted many times, the original trigger for these declines came on friday after we had the jobs report come out p.m. we hl wage growth, highest since 20009. s&p gap closing down about 50 points on friday much is short volatility, long stocks other strategies have been involved look what's going on heavy selling on monday with no headlines around tuesday, waiting for the market to sell off. selling was very light the market lifted as everyone was surprised by that. but wednesday, renewed again more selling in the middle of the day. again, no particular big headlines around that. today, of course, a little earlier today, we again saw selling relatively heavy again, this is deleveraging. it's frustrating because we don't have a number to give you. we can't say there's $200 billion. we can make gu

. >> no. 3m. >> you are selling local. >> yes because the buyback is real.ompany that is not screaming. you get to lean, it is the best in show. and one other buy but not necessarily open on monday it is going to open on sunday. does anybody mind if i go out with a bang. how much do i love this team and how much does my wife wish i wouldn't go. if they lose, i don't know if i can may on monday. >> still been a great year. >> fantastic special minneapolis "mad money." thank you so much for having our viewer's backs defensive line go birds >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ are darryl and randy lenz with a product to help ease the stress of traveling with children. come on, honey. ♪ (darryl) come on. come on, honey. hi, sharks. my name is darryl.

dow component 3m has settled a water pollution lawsuit with the state of minnesota 3m has agreed to pay water projects the state had sued alleging that 3m had dumped millions of pounds of chemicals for decades they posed they were no problems it's been a settlement that has been a long time in coming -- in the making. >>> also, the white house is considering financial relief for those weighed down by student debt right now a long standing law doesn't allow people to get rid of the financial debt unless they can prove hardship. >>> the focus is on food and beverage in today's after the bell earnings report investors will get the latest quarterly reports from boston beer, cheesecake factory and jack in the box. >>> jpmorgan is now planning to build a new 2.5 million square foot headquarters at its 270 park avenue location here in new york company is consolidating its global headquarters from a variety of locations the new building would house about 15,000 employees and replacing an outdated facility designed in the 1950s for about 3500 employees i need to know more. what about the buildin

these were the biggest drags on the dow yesterday, look at them now, boeing, exxon, 3m, home home depotited technologies, all of them down again at the opening bell today. these were the biggest drags on the s&p 500, look at them now, these are premarket quotes, wells fargo, that's a special case, crack-down from the case. iconic and video energy devices, all of them going down again at opening bell. jeff sica is with us, he's a market watcher, i want you to give advice. all viewers are out there, what on earth am i going to do, address the group of viewers who are say within five years of retirement? >> first of all, i have been warning about levels, one thing the market should do to invest ors is come pla sanky has no place in investment strategy, those people who are retiring within five years, those people who are starved out of the bond market, allocations and stock are too high and they are among the selling, they have to eval uate allocations and adjust accordingly. stuart: are you telling someone within five year's of retirement , sell, sell half of what you've got, lock in your

>> yes we had 3m which i've been wait inge thulin. huge buy back.ich is the best consumer package and then arthur blank who we know, those of us who have grown up as trading and investing, think of him as home depot here we think of fly falcons fly and also just business of football >> yes >> we know that bob kraft is terrific to talk about football. best of luck to jeff floor ry. the fans are important >> they're going to start showing up today we're going to talk more about it in a moment when we visit with vikings owner mark wilf lomo on the jobs number. the market is down dow is down 255. what did you have in mind? i don't know. $4.95 per trade? uhhh and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. of emerging markets obsolete? at

in terms of the big names dragging, we are looking at high-quality companies, boeing, 3m, walmart. it is interesting to note, we have investors selling these high-quality companies. fixed to the idea that the selling is indiscriminate which suggests it is more about a loss in confidence. nothing has really changed over the last two weeks but we have the stock market on a sports worst performance in two weeks at the doubt. if we look at small cap, technicals, it suggests it may get a bit worse for large cap as well. this is the russell 2000 in relation to the 51, 100, and 200-day moving averages. slicing below the 50-day moving average in orange, today below the 200-day moving average. near-term, medium-term, and long-term buyers have disappeared. it is also worth noting that 50 day average is looking to the downside which means sellers are taking control of the near-term. not that it is surprising but an important piece of information. suggests the pullback could continue. not surprisingly, we are seeing a haven dead in bonds, trading higher, in green with the 10-year on down to ba

boeing, united technology, caterpillar, 3m, all throughout the day.enerally been outperforming the market >> here's something i can suggest to that have had an impact on the market yesterday financials were the leader typically when rates are going up real estate was the big laggard, which is counter to the interest rate market. today real estate's the big leader and financials are the big laggard. >> you can argue the lack of the big move in the ten-year is helping support the real estate trusts, which have been beaten up badly, as well as utilities beaten up badly. the swing there is not that great, compared to what we're used to. >> i agree. >> even yesterday we had four basis point in the ten-year and everybody blamed that. >> we get earnings after the bell with the two companies that used tomake up hewlett-packard. they'll be reporting after the bell then a couple of food companies, red robin and wingstop. >> i think the important thing about earnings is we'll have the best earnings in at least six years. we may get 15.5 to 16% earnings growth fo

for the week, exxon, 3m, travelers, coca-cola down 10 to 12% roughly. the dow is down 8%, give or take. it is a fast moving market. anything can happen here in these last two hours, trish. trish: don't go anywhere, nicole. stay with me. we want you on the floor as we talk to bellpointe chief strategist david nelson and jeff taylor. i like the sound of your title there, jeff, digital risk, how much of this in fact digitally-motivated or motivated by computer algorithms because, gosh i want to point out we're down only 88 points right now. wild, wild swings. what is your take? >> you are right. it has some wild, wild swings. a lot is the technical trading but i think you nailed it at the top of the segment. fundamentals of the economy are strong across all sectors. i'm looking for buying opportunities in this market. looking at a couple stocks, home improvement, home equities at a high for last 30 years. lowe's, home depot great buys right here. financial sectors, big banks, post tax reform they have self-funding mechanisms to go ahead to get into consume

if you look at a price basis, united health shaving the most points, then 3m and home depot and caterpillar. they are in the mode of take points off the dow looking at the s&p 500, about 75 stocks have fallen by at least 10%, just since january 26th some people will call it correction territory we'll say they have fallen by that amount in that amount of time you look at the s&p 500, the energy trade playing out hess and chesapeake energy some big decliners. metlife and tractor supply also in the mix if we look at how the stock markets are shaping up in the u.s., one thing to keep in mind, we mentioned that 75 stocks in the s&p have fallen by 10% since the 26th ryan dietrich notes we have gone 404 days without a 5% pullback from record highs. that streak was broken yesterday as well. >> while we have been talking, futures now down 570 points or so on the dow. 572 or so. the nasdaq down 52 s&p 42 the course of the overnight action has been one of recovery in european markets. in the last 15 minutes things are picking up again if we look back at european markets, germany down 2.5%. ftse 100 do

exxon, 3m, travelers, coca-cola. these are down ten and 12% this week.make you feel little better, and give you an up arrow and that is one your movers. twitter, 83%. netflix, amazon, great performance, microsoft at 30%. the big picture here is that we are in correction territory, the traders are fine with it, expect some more volatility. >> harris: to add along with what i know has been in your reporting since i watch all the time, under the current president we've seen upwards of 99 breaks of the record there on the dow. there is a little bit to give. quick list thoughts? >> the records we have for the year 2017, it's tough to watch your money go, we are 10% off of our high. it's been a great run. >> harris: thank you very much. you heard me mention earlier this hour, there could be second anti-trump dossier with a clinton connection. the newly unearthed document congressional investigators are reportedly looking at now. our power panel will weigh in, stay close. ♪ selling brain-health supplement in drug stores nationwide. prevagen. the name to remembe

then for the week some of the big laggers exxon, 3m, coca-cola down roughly 9%, 12% for this week alone. on the other hand, we had such a great run. take a look at some of the winners over the last 52 weeks. twitter 83%, netflix, amazon some of the other best performers. we have had a great run. there are some people getting squeezed here after we're now in correction territory. 10% off our january 26 highs. >> sandra: time for a weekend so we can all take a deep breath. nicole, we know amazon dominates the online market place. also the grocery and health care business as well. what's their new business endeavor? >> shipping with amazon. is there anything amazon's not going to do? now they have tried a pilot program here. this is shipping with amazon. begins this year in the u.s. they're going to compete against u.p.s., fedex and the united states postal service. los angeles first, then going nationwide. but i will tell you, citi group said they have a long way to go. they need more trucks, more planes, more drivers to be a competitor in this particular business. sandra? >> sandra: all

exxon, 3m, travelers and coca-cola some of the worst. exxonmobil is down more than 12%, that's a $60 billion drop in market value since last thursday >> the i'd say the oil price hadn't fallen as much -- near as much as the likes of exxon and chevron until today and it crossed below $60 and around $59. oil prices down about 9% for the week as well with a big fall today. the s&p 500 crossed below its 200-day moving average earlier today. joining us to discuss more about the index's voluntarily style move is todd gordon, founding of tradinganalysis.com. thank you for joining us before we get to your significant charts, is is it significant we fell below the 200-day moving average when we fell below it, we bounced quite quickly as opposed to selling off more, as some people expected. >> i think it's significant we held the 200-day moving average but i think it's more significant we broke up-trend support. i like to find the beautiful rally we've seen since 2016, unfortunately that's been broken it looks like in this short-covering rally we'

many others, 3m. >> best buy. >> you're so right when i was growing up that's what pittsburgh was like0 companies in pittsburgh and they were the dominant companies, the headlines, even during the vietnam war you would hear about companies with so much steel being used, so much mechanics, so much industry now you look at this is the ultimate town for the -- i'd say the 21st century we talk way too much about silicon valley, not enough about a 3m or medtronic. medtronic, there's a stock, geez, if that comes down a little more, how many right things are they doing? don't forget, abbot bought st. jude and we're just seeing now the fruits of st. jude which was another great company. i think best buy is fabulous, really well run, surprised a lot of people, big short position. they know what they're doing when you want to do your house better you go to home depot and then best buy. by the way, home depot, that came down, that would be another gift. >> a company that courtney, best buy, knows very well a statistic that i'm sure you know there have been only three quarterbacks in the history o

in the united states, the state of minnesota has reached an $850 million settlement with the company 3m over allegations the company contaminated drinking water by dumping toxic chemicals called pfcs's in landfills for decades since the 1950's. the high profile case was expected to go to trial today. the minnesota state attorney general says the pfcs caused high rates of cancer and premature births after the contaminated the drinking water. and journalism's prestigious george polk awards have been announced. among the winners, jodi kantor and megan twohey of "the new york times" and ronan farrow of "the new yorker," who won for exposing hollywood mogul harvey weinstein's decades of rape, sexual assault, and sexual harassment. another winner was the intercept's iona craig, who won for her expose of a deadly navy seal raid on a village in yemen. this is iona craig talking about the raid on democracy now! >> the rich when he six people in the village who were killed. many of those were women and children. that village has essentially been abandoned now because not only after that raid happ

in general, you've got 3m's: minnesota mist the risk of exposure, monitor your accounts, and imagineokay. >> always good advice, thank you, jill. appreciate it. >> sure. >> there are problems at apple 's new $5 billion space age business cap pus, workers keep getting injured on the job. >> so it seems there are a lot of glasses partitions and glass doors everywhere in the maze of offices and workers, women, they keep walking right into everything. >> the high-tech company is reportedly resort to go putting post it notes on everything. to keep co-workers from smashing into those doors and walls. >> like a windex commercial. >> i've done that before, broke my knows. >> still ahead. >> top toy trends of 2018. taking you inside the consumer toy fair what's expected to be this year's must have toys. and some are pretty gross. pat? >> jim, rahel, help me. help me. i'm stuck in here. i'm stuck inside the crock exhibit at the academy of natural sciences at drexel university. this is my friends, about 18 feet long, weighing about 2,000 pounds. you'll see this, and plenty more, when you come b

we're looking at exxon, johnson & johnson, pfizer, 3m. these are the worst of the bunch. 27 of the 30 dow components are in the red. traders are watching technicals. we're right near the 50-day moving average on s&p 500. hey, i picked up exxon here today. it is really getting beaten down. i think they're back to some of the fundamentals be trish, looking at lines, charts, prize to earnings ratios, instead of saying hey that looks great on the run up, they are now being more careful. back to you. trish: thank you very much, nicole petallides. joining us with more kevin kelly and heather zumarriaga. heather, this is normal, right? markets don't go up every single day as this market has been. i wonder if people start to say there is a little more out there, if the economy is doing well, guess what? we shouldn't pay around two and change percent wise for 30-year treasury. >> you're right. historically 10-year yield and inflation and gdp, atlanta projecting 5.4% in first quarter. that is stellar growth numbers. wages are picking up in the econ

in minnesota, 3m pays $850 million to settle a lawsuit over pollution.ot into drinking water. it was linked to cancer and other ailments. 3m argued they were no health problems. spacex is set to launch another falcon nine rocket today from california, installing broadband satellites and radar imaging satellites into orbit. had an february 6, spacex successful falcon nine launch. that is your bloomberg business flash. francine: theresa may is under pressure from lawmakers demanding a clean break from the european union. may has been challenged to take a harder approach on two key issues -- how far british rule should move away from the eu after brexit, and the nature of the transition period they say businesses desperately want. reporter --d by a our reporter. what does this mean for theresa may? she was trying to get everyone on the same page. what is this letter? is it pressure or blackmail? , "we are they say ready to remind you of our continued strong backing," so is it -- so it is support. or is it? it is probably not supportive. the inside line on t

we have five companies which are in the dow, that they are losers. 3m, home depot.ned it around. they just turned lower. nike, ibm, all dow stocks lower. >>> ugly sign for sears cutting 250 corporate jobs. one analyst says, look, this retailer may not be able to cut costs quickly enough to avoid bankruptcy. >>> ubs, the stock is way down. they spent $125 million trying to get all the packages delivered on time for the holidays. -- ups. that is extra 125 million, they will invest several billion more on new planes. the stock is down 6 1/2%. >>> chipotle used to follow them very, very closely. well, they have a sell recommendation from ubs. that bank says, sell that thing. apparently people are. it is down 12 bucks at 312. do we have breaking news, liz? liz: tax cut bonuses to hourly workers, 260,000 at lowe's. up to 1000 in bonuses to 260,000 hourly workers. they're going to add new benefits. paid maternity leave. paid parental leave. adoption assistance. number of companies doing this, giving back tax cuts is 287. stuart: lowe's, 260,000 employees. liz: hourly worke

if it was accorded same valuation as peer 3m you would have to 70-dollar stock.n to $13 a share. you want to change your mind? >> no, i don't. that makes me more bullish. all analysts have been wrong on this stock for years now. stuart: okay. shall i move on to tesla? >> yes. stuart: elon musk says they're making progress with the model 3, production thereof. he says tesla will be profitable sometime this year. are you buying that? >> i am not buying that. i'm so tired of those speculative dreams and losing money year in, year out. the new field will not be electric cars but autonomous cars. recent studies show tesla is way behind the field. ford, gm, google in terms of developing the autonomous car. that is what you have to be looking for. tesla doesn't rank up. stuart: is, deets, we'll test the lows, you love ge and you hate tesla. can i sum it up like that? that was a fine interview, young man. much obliged to you. >>> knew this this is fascinating. goldman sachs says most of these cryptocurrencies like about it coin to be worthless haven'tly, however our next

qualcomm 6%. 3m 6%. caterpillar, 5%. these are blue chip companies, everybody is taking it in the chin today. >> okay, ali these are blue chip companies taking it on the chin, but remember part of the reason they were on such a tear was the fear of missing out. president trump is the best salesman of the economy out there. and he talked of tax reform and deregulation and people were excited about it. but underneath that there are solid earnings. they are not extraordinary and that fear of missing out had many investors piling on in the second half of the year. we talk about it all of the time. you saw the index at very low levels and we scratched our head and said with all of the global risks people aren't concerned. they stopped being concerned because they felt -- on this long train and keep riding it. well last week suddenly to john harwood's point there was a quick nick and people said hold on a second. could inflation be on the horizon. does the fed not have more tools. and lastly tax cuts seem cool but you have to

average jumped more than 200 points on the week's first day of trading with industrial titans boeing and 3mflix, and google-parent alphabet - have already returned to pre-correction levels. warren buffett: 3 tips for stock investors . . . warren buffett knows just a bit about how to make money. in his latest letter to his company's shareholders, the billionaire and famed investor offered advice on how people with 401(k)s can boost their odds of success and build bigger retirement nest eggs. buffett, who is ceo of berkshire hathaway and is famous for his wise, long-term investment choices, offered the following tips in his letter to berkshire's shareholders on saturday silicon valley is so expensive silicon valley silicon valley is so expensive that even facebook and apple employees can't afford to live near the office . . . silicon valley's housing crisis is serious. a new report from open listings reveals that workers at five major tech companies, including apple, facebook, and google, would have to spend over 28% of their salary to pay a monthly mortgage on a home near work. software engi

. >> thank you, phil dow, 3m boeing are the ones dragging us back. >> a couple of number bumps but applenot a drag tonight. even though i could make a very strong case apple is going to have very bad guidance based on the broadcom news, they were subpar but the qualcomm news last night -- the qualcomm and speaking of qualcomm, they are making it clear, look there is a problem. >> and in terms of with phones. >> there's a problem with orders. >> china for inventory, that's more local for china but they pointd out, look, apple did not cut back on orders very big. >> that's what we think the stock is down. if it was an unaffected stock price and now a $70 offer but expected to go higher in the not too distant future, it would be down more today. >> it would be more down today and they need that more than ever there's elliott continuing to buy more. >> and elliott at 7.2% overall we are expecting the approval from the chinese in the next couple of weeks, as i said yesterday, just going to kinds of go best and final as opposed to try to negotiate with a likes of elliott that wants well in exc

with are the stocks that are absolutely ripping higher, outperforming and generating cash like boeing, 3m and caterpillar. >> i think in the days ahead if not weeks in front of us a little more clarity on what exactly bill ackman intends to do now that the news has been made public, that he made it public i think that tells you that perhaps you could expect some sort of commentary from him in the days ahead, whether it is through a letter or a filing or some sort depending on what size of the position it is. >> are you saying that with a wink >> no. >> wink wink or is this a wapner guess. >> it is a straight guess. the fact that the position is public leads me to believe that something else is going to have -- another shoe will have to drop somewhere that we'll learn more about why the position was taken in the first place. >> and he's out -- >> guys -- >> he's out of herbalife. >> what did he lose on it? >> his initial short was a billion dollars and then he restructured the short into most recently puts which he has fully unwound so he is out we can call it that. he may have a diminimus

cisco, 3m leading on the dow hp, qualcomm, discovery, berkshire leading on the s&p albemarle got hith a downgrade, cf industries, ul that and mattel. >> you know about stocks -- "fast money" returns tonight, by the way. i was looking at the three major indices. what is the best performing stock in any of those three this year i think thinking about dinosaurs a lot this weekend. >> fossil group? >> it's fossil. >> wow >> it's up like 92% this year. fossil. >> what did it do last year? >> well, it went from 138 to 10. >> oh, that's why. >> but this year -- anyway, my check please is this is interesting for the car world, volvo, saying it's officially done developing internal combustion gasoline powered engines. beginning after 2019, volvo, which said it's going majority electric and maybe diesel, is done with gas engines. i think they're the first major car maker to say gas is out. >> times are changing. >> yeah. >> here's some news i found. steve wozniak stole bitcoins from him on a stolen credit card he'll never get the money back but -- >> wait, wait, wait. i'm sorry. >> somebody st

caps, not long ago, and so it's not like the big caps have been around for 100 years like ge was or 3mhat are still being tested by the market, and so, you know, amazon, five years ago, ten years ago was a nothing company and now is the biggest market cap with the most power in the world and only took ten years? took gm 100 years to get there, forp ford, whatever, so we are learning where the companies are going. >> bill, a quick response before we move on >> make up a list of every megacap company for very large s&p trading earnings, and see where the stock was five, ten years later. >> all right all right. again, today, we have earnings on pandora julia? >> reporter: kellys that's right. pandora shares moved higher in after hours trading after beating estimates. revenue at 395 million versus estimates of $376 million for the quarter. the stock's up nearly 10% in after hours trading. earnings, though, met estimates and they came in at a loss of 21 cent a share analysts expected a loss of 7 cent per share a couple other key metrics here, subscriptions grew 63% year over year to almost

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there's 3m, mcdond's and input. what we're seeing a government bond market crackup like a soap box derby crackup. when you see the u.s. 10-year yield higher than italy, higher than france, higher than the u.k., you've got to say something is weirdly going on with government debt. and that is that the fed is selling off its balance sheet right now, it's a very crowded trade. president trump wants to do infrastructure spending. we're now going to have trillion dollar annual deficits. on now on the term of a whole ocean of government debt, it's fractional, but still it's going to move the yield higher, what's going on with u.s. spending. neil: and how much higher? heather, is it good news or bad news? the good news the economy is sprinting along, by the atlanta fed 5% clip in the first quarter, if you say that, solve a lot of problems, it's hard to do. what are your thoughts on where this whole six day scare or whatever you want to call it goes? >> look, i think that interest rates are headed higher and may put more do

knew it, we were back up again, so it's kind of hard to -- other utx, and also berkshire hathaway and 3m the ones i'm keeping my i'd on. >> it was down so fast and furious. a lot of the stocks, i would have liked to have added to, were still quite expensive >> to bring the waiting up, and did add to rpm, so i did take advantage of two, and my son, who is building his portfolio, was light on health care, so i did represent some health care stocks for him one of the interest things that -- so it was as if your whole portfolio kind of worked against you on both sides. is that a concern, or do you not have the approach? >> i'm either fully invested in stocks, or when the market has been high, and my stocks been over-valued, i tend to accumulate cares >> so that when the market does give me an opportunity with a pull does that back, i always have money that i can put to if the goal is to buy great companies at great prices, that's when you get those great prices. >> thank you both. >>> and we have a lot of symptom movers and after the bell earnings stay with us stay with us we'll check those

me the dow winners, these are dow stocks which are on the upside, disney, boeing, johnson & johnson, 3mvron, all of them higher, all helping dow to triple-digit gain today. i want to go to new york stock exchange, nicole. things settled down. nicole: certainly a sense of calm since we have seen, the volatility, it's been crazy around here and today we already seen over in change line, yesterday 100 times back and forth, we were down 179 and finished up 579. everybody is ready about anything. we didn't actually reach lows but the feeling is that 75% is probably a won off and it's probably in but no one really knows the truth. there's certainly a sense of cautiousness here today but the fear index that surged at 50, it's 24, a little less nervousness. lastly i will say, we finished higher yesterday and that was on heavy volume and that 5.79 billion shares and that's the heaviest volume and that's a good sign. stuart: nicole, thank you very much, indeed. things are calming down. senator charles grassley is with us, republican from iowa, mr. senator, i have no problem with shutting the gove

chris mears won great britain's first olympic diving gold medal with victory in the men's synchronised 3mit. it has been a while since we've been to the gold coast and commonwealth games back in 2014 we came away with a gold medal there so it will be nice to follow that up. really excited about it. i think asjack said the up. really excited about it. i think as jack said the gold up. really excited about it. i think asjack said the gold coast, couldn't be a much better place. very much looking forward to it. how is life and professionally, personally, how has it changed since winning an olympic gold? not that much, really! we still live in the same place, we are still training, still do normal stuff. we had a whirlwind two or three months, a little different, it was such a huge feet to win in the olympics and the first britons to do it in diving was huge for us and to come away with that was fantastic so life has changed but i think not all that much. it was crazy for a few months and the new kind ofjust get back to it and it is normal and it is working towards the next gold and thatis wo

mcnurney look at boeing, 3m. >> calhoun. >> questionable golfer. >> i can't talk about golf because if to make a living playing golf i would die of starvation. >> what should we look for next? you said our breakup what's the best case scenario of how you see things >> the best case scenario is they have to deal with the challenge, the liquidity need. the biggest thing i see here is there's got to be a horrible morale issue inside the company. when you go to work for a company and you get hired by ge and say, i work for the best all of a sudden you wake up one morning and say, hey, that's the tragedy. think of the people in their mid 40s, been there for 25 years their options, equity is worthless. they've got to have right as to what's going happen to them. am i going to be part of a company or am i going to be spun off. when you work for a business you want your people to know they're coming to work at the greatest place on earth and they're going to be taken care of. >> breaking news on an issue i know you're interested in. dick's sporting goods will stop selling ar-15s, high capacity