. >>> welcome back alcoa is surging, its best week since early november options traders piling in andetting on more upside pete, that's a big move today. >> it's already got a big move and they started earlier with some of the options when the stock was trading around 28. look at the chart. if you haven't looked at this, this is amazing to see where this stock has fallen from over the last call at nine months it's been brutal it's really sunk down to this. $28 today is when they started nibbling on the calls and they started coming in aggressively on the february calls. the stock was at $28 take a look now. i think originally they had about 8,000. now closer to 10,000 bought. very aggressively, very big chunks coming in so this is not retail these are big players positioning for alcoa. i'm in the sim calls look at iq you look at some of these chinese names, they have been absolutely slaughtered $45 and it's been hovering in the 16s. what are we seeing today february 17.50 call buyers that's aggressive. they also, by the way, are buying january 16 calls. aggressive buying in january an

alcoa first what i did. i give. them. a nine yes salad and a year. or so. and in the cold when. i was told to get the medicine. or when the dear my eye was. full of women and a gallon for milk a gallon the way i did. when i had a man a. fish. eat. ham sandwich.

alcoa shares have lost 20% of their value in the last 90 days.traders are betting on a bounce john and pete and jim for some unusual basic activitactivity jon, you're up first >> alcoa, we got it at 21.84 jim hates it we see some unusual activity in it take a look. stock at 28.80 earnings are coming up here as well >> they've been cutting numbers. when we see a cut number ahead of a quarter, that's a good sign >> i think you may have a cushion given the fact that everybody will be lousy. it's the best. i think this is a very interesting bet. >> quick update. take a look at dan that's the symbol. this is another industrial this is for automobiles, dana corp we talked about it december 26th on the halftime report this is an interesting one look at the beating it's taken there's a bit of a bounce recently starting to move to the upside that's nice. now we're seeing those get sold. >> i prefer zuel there's no dana. people ask me about tch, i'm like can it help >> jim, jon, pete, thank you very much. it's time for our trader questions. stephanie, here

new home after days of uncertainty came the good news canada was ready to grant her half asylum now alcoa noone can start a new life meanwhile she's become a symbol of the struggle for women's rights in the saudi kingdom you're watching news from berlin more coming at the top of the hour and don't forget the latest headlines are also on our website d.w. dot com. belief.

afterwards freeland said canada had decided to grant her asylum because the un's humanitarian agency said alcoa noone would be in real danger in saudi arabia u.n.h.c.r. did feel that she was in a dangerous situation and so far was looking very urgently for a place where she could find asylum. we were involved in those conversations as were other countries and canada was glad that we were able to act quickly. turning now to the democratic republic of congo where an opposition candidates who came in second has asked for a recount after his shock loss in recent presidential elections supporters of runner up martin for you who protested outside congress constitutional court where for you had come to challenge the results for you had been expected to win but another opposition candidate felix's the k.t. took first place the government has asked the international community to back the outcome as it presently stands. for more on this we're joined now by d.w. correspondent wendy basheer who's in the congolese capital kinshasa so wendy the runner up for you lou has just appealed to the constitutional co

new home after days of uncertainty came the good news canada was ready to grant her half asylum now alcoa noone can start a new life meanwhile she's become a symbol of the struggle for women's rights in the saudi kingdom you're watching d.w. news from berlin more coming at the top of the hour and for the latest headlines around the clock check out our web site that's g.w. dot com thanks for watching. bursts. power. of speech. the words if you. get those are big changes and most start with small steps or back to global ideas tell stories of create this people and give a distant objects or.

after hours, alcoa earnings again. alcoa actually down.arnings, gave some outlook on some of the pressures in production that is affecting some of the sentiment in the after hours trades. >> the rally early in the year continues. our next guest mains slightly positive. haidi: joining us from hong kong is allie oz global -- allianz global investor. i want to start off with this, which pours a little cold water over the confidence we have started to see an equity markets. the big banks were the big stories today with the first $100 billion profit year for wall street banks. the chart is essentially baker, bloom, and davis economic power -- economic uncertainty index. goes, thee trade war structural slowdown in china as well as the feeling of almost synergy -- like a synergistic slowdown. >> the market is rebounding from a weak selloff at the end of last year. expecting aare not great year for returns. we are expecting volatility to remain quite high because of that uncertainty. we are coming off a year where earnings were complete -- were ex

another one i think is interesting is alcoa, their earnings have been a bit soft, but i think were hitting floor in an opportunity on alumina. alix: let's get the takeaways. you think some will stay strong. thank you. great to see you. our note of the week comes to us from phil who says the traditional way of moderating commodity markets is obsolete. it is like a formula 500 carping stocked with buggy whips and set of spare tires. coming up, and energy ceo talks about how we can turn traditional cities into smart cities. we discuss that next on "commodities edge." ♪ alix: i am alix steel, this is bloomberg "commodities edge." it's time for the bnef brief, an in-depth analysis on clean energy, advanced transport, commodities, and emerging technologies. lenders are desperate to finance utility scale solar projects, which means rates are falling. joining me from d.c. is stephen monroe. why is this happening, what is happening to the finance rate? stephen: it seems the financers are rushing the rates to hold the line, which is a good thing to the extent it signifies more comfort on the solar s

first of all if the full mario as you say executive alcoa's this band of the lone prime ago the company that was contracted to come and help the nigerian government . was a different company some of the posts and other things were the same but believe me very few on the whole this was not the from company at the from a bunch of people and i know because i met some of them and i spoke to them and obviously we interact on social media via e-mail and so forth. that they do a good job they did a brilliant job they did it professionally well considering the constraints of time and money they were given just a part of the budget that they were promised and they were given a very short period of time as a matter of fact over the simba to mobilize and you know mobilization like that would be a logistical if and logistics means arms and ammunition nobody sells arms and ammunition over the assembly a private company everybody goes on holiday so they pulled it off and let it go myself and let it go because unfortunately due to financial constraints they confine themselves to base and then they lef

. >> thank you for the setup shares of alcoa lower even though its eps beat 60 cents adjusted 50 centsctations at $3.34 billion. now in 2019, it is expecting an aluminum surplus, driven, as it says, by china, where refining expansions are expected to outpace demand growth from smelting that is certainly some comments that analysts are pondering over and china certainly the big part of supply and demand, shares down .6% sara, sending it pack to you. >> seema mody, thank you very much it's quiet here now. >> newly sworn in congresswoman alexandria occasio-cortez tweeting out she's excited to dig into shalls like student loans and exploring the public and postal banking. >> maxine waters. >> during the 2008 financial crisis, large wall street banks subject to strong oversight and safeguards to protect our economy can do a lot of damage we will be keeping an eye on the big banks and their activities, included by holding many hearings. >> joining us now to discuss what wall street can expect from this new leadership on the hill, bill cohan, vanity fair, and analyst from the american enterpr

alcoa beat forecasts on strength in its alumina business.is year and that shipment will be flat down by 1.6% they came out with the report after the bell yesterday they used to be the one that kicked off earnings season now the banks lead the way. >>> a tokyo district court has upheld the earlier decision to deny carlos ghosn bail he has been charged with understating his income and other financial misconduct under japanese law, defendants who aren't granted bail must stay in jail for at least two months after charges are filed that means ghosn will be in jail at least until march 10th. he got in there in november. after that the court will review his detention each month his attorney said it is likely he will remain jailed through trial which isn't likely to begin for another six months. >> a whole new outlook on davos. it's not that bad. compared to six monthsin jail. it's cold. it's a lot of snow got to walk to work. he loves it. i >> you can sit in your hotel room and watch law & order >> i like it it's fine. after that story, i'm good.

largely because people weren't blown away by last night's numbers from csx, the railroad giant, or alcoa, the aluminum kingpin [ booing ] >> a caller talked about business being soft overnight. taiwan semiconductor reported what looked to be a terrible number, and then guided down 22% for the next quarter [ crying ] why? well, big deal, i don't know maybe apple. apple is a huge customer that caused us to get slammed even further in premarket trading. oil had turned down too, and that's often interpreted as a sign of a ecke wary economy. not great. by the time i finished working it out, the dow was slated to be down 100 points. it god worse as i read in my over, ppg reported a merely okay number, and then offered a totally dismal slashed forecast. nasty. much lower than i expected but in keeping with the week preannouncement we got from sherwin williams over this week, the stock looked to open down 4 bucks. then we got a note from an analyst at jpmorgan who shaved numbers because of weakness in housing. it was a shocker a lot of people thought home depot was more correlated to housing. if

alcoa topping forecasts.he company citing strength in its illumina business. >>> we are down about 08 points. bring in peter bookbar, chief investment strategist and officer. also a c northwenbc contributor. we said it going into the break. you have the breck it news, which is confusing it's scary and confusing it's this big story. trade, scary, a little confusing. big story. you have the dcht c. shutdown, which every day it goes on sapps a little bit of strength out of that american economy. okay now you got the fed on top of that maybe a little bit untested. >> right >> i know you tend to be on the bearish side, but you are a prayi pragmattist. give us the bull case. flip the coin. >> flip the coin the fed -- i think the most important -- >> you didn't expect that, did you? i put ow the spot. >> i'm going to try my best to answer it. look at the other side of the table. can the fed create a soft landing? since world war ii they've only been able to do it 20% of the time if they're able to pull that off, if

have successfully fought back the so-called islamic state with support from the united states but alcoa does not accept them as representatives of the kurdish people and regards them as we heard from everyone there as a terror organization because of their ties to turkey outlawed kurdistan workers' party the k.k.k. . for more let's bring in as you leon who joins me from istanbul also uli how should we interpret vote here is this a deliberate snap of a senior trump aide by the turkish president. well that's what it looks like even though a spokesperson for president ad on try to downplay those earlier saying that mr bolton and his team had requested a meeting with president out on but that appointment was never officially confirmed and in the end mr bolton met with his respective counterparts in the turkish government and that was sufficient but yes the dominant interpretation here is that mr adam present out on his just so frustrated with john bolton's conditions for a u.s. withdrawal from northeast syria naming lee that the u.s. is kurdish allies that need to be protected that he simpl

look at the language in the alcoa case. from 1945, were a judge learned and basically says if you become a monopolist you are liable for monopolization, unless you can prove that it was inevitable. something thrust upon you. back in the day, which lasted at least until the early 1970s. when the agencies were perfectly free to take that legal authority and pursue the kind of case that is being urged here against these technology companies or whoever. the result was in ray exxon and ray kellogg in u.s. versus ibm and a whole list of efforts to challenge power and challenge access as eleanor has suggested. which i am glad to say none of those succeeded. the american economy and the antitrust field is much better because none of them succeeded. in fact chairman of wasik can give you the site. he evaluated all these efforts not so long ago. i think his phrase was monuments of prosecutorial ineptitude. let's not forget this very clear lesson of recent history about wanting more authority from the courts. >> i understand. our econ

alcoa not that great. >> taiwan semi -- >> worse than ten years.know that cell phones, people decided to destroy their cell phones the stories about cell phones are so bad i hesitate to bring up the positive note about j and j and the watch. it says good things. i don't want to say anything good about apple right now because i want to be one with the negativists. this is 180 count. this is butter >> you guys are comparing your thread counts. >> i'm touching his thing. look at this my fingers are falling apart we are missing the big picture >> the financial world is mourning the loss of a pioneer and champion of investors, vanguard founder jack bogle has died at the age of 89, best known for the introduction of the index mutual fund. he preached a buy and hold strategy this is some advice he gave three years ago. >> if you're investing in a retirement plan, as tens of millions of people are, don't stop investing when the market goes down. the prices are 10% better than they were. keep investing keep putting money in. just as you would. don't interru

you look back, for example, because the hearing is focused on section 2, look at the language in the alcoa case from 1945 where judge lerned hamm basically says if you become a month nopolist, you ar liable for monopolization unless you are prove it was something inevitable, something thrust upon you. so back in the day, which lasted at least until, say, the early 1970s when the agencies were perfectly free to take that legal authority and pursue the kind of case that is being urged here against these technology companies or whoever, now in the american economy, the result was in re exxon, in re kellogg, and a whole list to challenge power and challenge access as lerned has suggested, which i'm glad to say none of those succeeded. i think the antitrust field is much better because none of them succeeded. in fact, chairman kovacic can give you the site because he was the one that evaluated these efforts in a law review article not so long ago and described them -- i think his phrase was monuments that former job would be a scary description. >> let's not forget these very clear lessons of f

you remember when alcoa was the first company to report.silly it was like figures out who was the front-runner in the presidential election based on new hampshire. that doesn't make any sense either the banks are headline, i think what happens with apple and amazon. >> apple -- this is you. apple tried to blame trade battles but the fact that an $1,100 phone is a tough sell everywhere, particularly in china, apple's problems are unique to apple. so that was a lot -- there's two obviously two different camps in that dan niles came on pretty smart, got a negative in may, three phones costing over $1,000, gdp is $10,000 >> they certainly shouldn't be surprised. early in last year they tried to expand their product offering to offer more mid-priced phones it simply hasn't worked. part of that is some of the trade tension. but how often do you buy a phone? i buy a phone every two and three years. >> now it's every three years and might turn to four. >> exactly. >> soi will be the first to admit that apple has some problems, but it's still a grea