. >> melissa amd's hot streak cooled and then some check out the chart.ted a weekly decline of 11.5% the it's worst in about a year coming under pressure following the update from rival intel which remember said it should have enough supply to feet the full-year revenue forecast and said that it's making progress too with the next generation chips so-called 10 nan meter child support agency the team at baird downgraded amd to neutral in part because they speck expectations for pc intel share could be too high. the stock still up more than 160% so far this year. and remember it's certainly not amd. the semi sector in general has been under pressure. look at the smh, a drop of almost 4% this week. the worst week since april down more than 10% from the march high a analysts chalked that up to a range of factors they note heady valuations, escalating trade tensions and mixed data points. yes the pc and data center markets are strong but there is a slowdown in china markets they note specifically autos and industrials. i checked with rosen blats hansen most he

you want to own amd in q1.hink that's going to see some gain on top of that, you own amd around q1, ideally the right time frame. >> thanks for joining us >>> when we come back, tech earnings have begun. we will layout the stakes as the market has punished certain companies that put out strong numbers and guidance "squawk alley" will be back afr isui bakteth qckre >>> i am scott walker. morgan stanley mike wilson called the correction in stocks, now he is back with us to tell us if it is time and safe to buy again. >>> and tech on deck with big earnings tonight, will amazon and google be enough to turn around that sector for real? >>> and unusual activity jon najarian that could cause it to pop and drop >>> as we go to break, hugging close to highs of the session. we hair from the fed vice chairman will he give the markets soothi soothing commentary. back in a moment so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. i'm ready to crush

that's the largest division of amd. has about 60% of revenue including the desk top and notebook processors and chip sets earnings 13 cents a penny short of expectations. the big problem is the revenue guidance as it is with the chip stocks 1.45 billion versus expectations of 1.6 billion gross margins look okay. 40% versus 38 slersz expected this falls on a bad day in general for semis. texas instrument fell short. issuing weaker than expected guidance attributed to a slowdown in demand among semi conductors across its markets. the maybe semi conductor etf the smh saw twice normal volume on a nearly 7% decline. that's the worst day since november 2008. and the broader basket of semiss still in bear market down 22% from the 52 week highs despite the debacle amd is still the best performing stock on the s&p 500 this year. up 121 is% year to date we should note by the way the tech heavy nasdaq now in correction territory down about 12 peppers from the recent highs. finally a quick programming note hear from achld ceo lisa

it's certainly not just amd.ctor has been under pressure smh dropped almost 4% this week, its worst week since april down 10% from the march high analysts chalk that up to a range of factors heavy valuations, trade tensions and mixed data points. yes, the pc and data markets are strong it's been a slowdown in china markets. i checked in with rosenblad's hans moses he remains a bull. he thinks the company will take share in the server market capturing 5% in q4 and continuing to gain ground after that. >> josh, have a great weekend. >>> so if you own amd, what should you do? mike's over at the plasma with his call to action hey, mike. >> actually, this isn't just a trade for somebody who might own amd but somebody who might actually be bearish on the stock thinking it's going to be a little bit lower the problem right now if you want to do something like buy puts outright, puts are incredibly expensive the stock has been moving around so much. the other thing we can try to take a look at here is whether there is so

and amd's market expansion.oing into the fourth quarter we will have over 50% of our revenue in those new products around processors, around data center, around gpus in the data center. i think the product story is doing quite well. and then to your question about a year from now, i mean, it is all about products and product competitiveness. we love our markets. we think the data center market is a strong market and will continue to be strong. our goal is to gain market share on the strength of our new products and our competitiveness. >> let's talk about this inventory issue because people are going to focus on that. two things that i'm hearing. one is that obviously there was a lot of demand for crypto or block chain. there is also another line of thought that i'm getting from the bears in amd which is that people are waiting or starting to buy the nvidia chip. >> let's talk about gpus. gpus in general are a very good market and we consider it a growth market. what we had is a very strong first half of the yea

a great point and what happens is that there are several businesses in amd. there is a pc business and that was absolutely excellent there are businesses that are involved with data center. and they are strong. they have a graphical service business, and it was not so good the same thing happened with nvidia two quarters ago. it is going to take a couple of quarters to work through and then amd will be fine. don't forget how fabulous that stock came from. it got wtoo heated and there was a line that was long you have one line which is the graphical user bit, that one line is enough to send the thing lower but i bet there is another day where you want to own amd. how about robert in florida. >> caller: jim, hi there, what i want to talk to you about today is what any mature retail investor who has been a student of the market would want to speak to you about i come from the age of leon cooperman, peter lynch and you to invest you want to get experienced management, look for 15% growth and have proprietary as possible. what we have now are algorithms made by ma

this drop that stock still up more than 160% so far this year and remember it's certainly not just amdin general has been under pressure. look at the smh. dropped almost 4% this week. it's worst week since april. down almost 10% from its march high they know heavy valuations, escalating trade tensions and data points. yes the pc and data center markets are strong but there's been a slow down in china markets, they note, specifically autos and industrials. now he remains an amd bull in part, he says, because the company he thinks will take share in the server market capturing 5% in q-4 and continuing to gain ground after that. >> josh, thanks. have a great weekend so if you own amd, what should you do mike is over with his call to action hi, mike. >> so this isn't just a trade for somebody that might own amd but somebody that might actually be bearish on the stock thinking it's going to go lower the problem right now if you want to buy puts out right is that puts are incredibly expensive because the stock has been moving around so much so the other thing that we can try to take a look a

plus, a host of big calls today, apple, amd, disney and more. and get set for a huge earnings week we'll get you ahead of the game. "the halftime report" starts now. >>> welcome. great to have you with us on this friday. jim lebenthal, josh brown, steve weiss, we begin with the markets today. josh, give me your point of view here you get this weak china growth weakness since '09, issues with europe whether it's corporate earnings, italy has issues even with all of the volatility. >> so the market is fairly intelligent and if you actually look at what's gone on all year, it turns out the united states stock market is within 6% or so of its all-time highs. not much of a markdown xus, negative 14% already. down 23% so the market is not stupid. none of this is a shock. these differentiated global growth rates and corporate earnings pictures for the last ten months it's perfectly warranted we've seen the stock market be able to separate itself. what happens going forward and how much is already discounted i don't think there's anyone out there callin

. >> aditty, thank you very much for that i'm glad we started the hour with chips because amd is now 10% for the week we'll keep our eye on that along with the bond market thank you. always good seeing you let's get over to the judge and "the half. >>> i'm scott wapner the index now closing in on 27,000 stocks surging today as one of the best trades for your money appears to be ending it is noon and this is "the halftime report. >>> blue chip boom boeing, apple, microsoft all hit new highs. did the winning trade war trade just die and holding our traders' feet to the fire in the quarterly report "the halftime report" starts right now. >>> it is very good to have you with us on this wednesday. here to debate joe terranova, steve weiss, jon and pete najarian mike santoli is with us on the set today as well. he is cnbc senior markets commentator. let's begin with the markets, the big change in the market that appears to be taking hold, the so-called trade war trade. suddenly sucking wind and helping the dow hit yet another record high. jon, i begin with you. the russell 2,000 was the pl

>> well, we wouldn't be buying amd right now.y cruising until the wind got taken out of their sails. the biggest issue is stemming from the impact of their new graphics chips which were supposed to give them a six to 12-month head start on nvidia and intel. so a lot of this catch-up was already priced in. now we find out intel is not as far behind as investors thought so intel is rallying at the expense of amd i wouldn't be a buyer. i prefer nvidia at this time nvidia's forward pe is 35% lower than amd quite frankly, their chips have consistently been better you know, they have been punished a bit over their exposure to crypt ocryptocurren. so we would prefer nvidia over amd. >> nvidia actually trades at a discount to another chip stock that's a little bit of a novelty. thanks, guys for more trading nation head to our website or follow us on twitter. >>> coming up, china reportedly using microchips to infiltrate and spy on american tech companies, including apple and amazon what it means for big tech and america's national securi

amd nearly down about five texas instruments still down nearly 4%.esn't seem to match the turnaround in the dow. why would you say that is? >> the techs are suffering more, particularly the ones you pointed out. i think the dow has some hope for offshore trade and what not. i agree with that. i think the dow is more volatile but not as indicative as the other indices. i think the nasdaq is overly weak, to a degree, and that's why i suggested homing in on the s&p. >> you've been historically dovish on rates, i would say >> mm-hmm. >> maybe to a fault. do you think that powell is going to either acknowledge a policymistake or say we've don some good wood shopping here and we can change our tone in december >> well, i think that if they didn't have a concern where rates are, the president is certainly giving them concern. then they would have to -- if he acts up and walks away, it looks like interference. it's next year i've worried about. >> art, thank you. we'll keep an eye on this. tonight it's microsoft, tesla, visa, ford, amd, whirlpool -- a ton to

amd needs to put up good number.ech were not able to do that last night everyon though i thought it is a good quarter if nvidia holds, that will be a good news. >> we got city taking comcast to $48 target there is some bullish commentary out there. >> oh, absolutely. they're having a dynamite quarter. and deutsche banks rolled out buyers on comcast. david, he's talking about how sky can lead into an over the top play for comcast, rather amazing, don't you think >> yeah, that's something that has been discussed as a possibility given it is not just the distribution that sky has but the content itself that it has. will there be an ability for comcast to buy more content and given it now it has a platform it can add to and buy something that says hey, we got synergy now. it is not a possibility that others have not thought about, guys, when it comes to the strategy that's going to be embraced brian roberts is going to join the "squawk" gang tomorrow and we'll talk more about the international strategy this still closes

i'm talking about, oh boy, here's one amd reports. the problem here is this stock has run so traumatically this year, that that set the bar pretty high in itself. >> that said, those expectations are set rapidly. amd is down 30% from its highs, including a hideous 11%. i do not like how the stock works. it's not working right it's acting badly. if you already own it, i don't think you should pick up any more i think you should wait if you don't have any to buy it thursday's huge. it kicks off with comcast, the parent network, which i think will stick to its kniting and talk about profitable growth much more than the acquisition of sky so far the stock will be true to form the last two times comcast did big mergers, the stock reacted poorly they crush the averages when people finally understood how good the deals work with shareholders i think the decline is over, it's ready to run. we heard from merck. you can always judge how the quarter might be coming by looking at the stock in competitor bristol-myers right now, i suggest merck mi

but today i bought nvidia this morning, based upon amd coming down amd to me is the poster child for the excesses in this market. that didn't deserve it and this is what you get nvidia to me now is more fairly valued, but it's the -- i'm not a chart, but it's one of the ugliest charts i've seen no bottom. i bought the stock at 40, sold it at 80, i'm no expert on it. i also bought some caterpillar today, a stock i haven't been in, except for being short a few years ago. that's gotten cheap. now the issue i have with it, is that management didn't give guidance, they said we'll give you guidance for 2019 in january. both of these are trades until further notice i also bought some more b of a i believe that the correction is not over there's still a lot of excess vaugs valuations in the market if you're smart and willing to step in now, you can't pick bottoms, can't pick stocks, the stocks that i like are ones i'm willing to hold on for a long time. >> you're willing to buy the carnage? >> sure. i sold some microsoft, it's still not the level, not far from it where i sold it i'm not will

shares of amd are down we'll hear exclusively from amd's ceo this morning at 9:00 a.m. eastern. >>> microsoft shares are pushing higher, the company reporting a beat microsoft shares are higher. >>> wpp reporting a weak third quarter and slashing its guidance wpp shares are down about 17% in london trading moving on, whirlpool topping earnings expectations. the company pointing to strong shares in north america. shares are down about 17%. moving to las vegas sands, they reported a miss on the top and bottom lines, but the casino operator is upping its dividend. shares of lvs are up almost 1%. >>> visa shares are charging higher after topping expectations the credit card operator is pointing to a strong u.s. consumer visa shares are slightly higher. >> i see what you did there, charging higher. thank you very much frank holland. >>> tesla shares are jumping the company turning ining a prr the first time since 2016. elon musk says this is not just a one-off. this is what he said last night on the earnings conference call. >> we expect positive net income and cash flow in

amd comes back down, i am concerned of amd and having been up on the spike.the stock very much i am following the china stock they are strong again. china. >> every half hour you have to refresh. >> how could boeing be at 388? did it double? has this stock double? this is a big cap stock, people. this company is just on fire where does it last october oh, look at this, 255 and now it is 388 >> yes, i am aware >> that's every four planes. >> is it 20 or 25? >> one out of every four planes go to china. we have to move on, david. >> boeing is not the best down stock of the year but number four >> really? >> how about disney. >> apple >> disney stock will act so well >> let's get to bob pisani on the floor. >> happy wednesday, great start to the day, two to one advancing of the stock china is still close and europe is mostly to the upside. folks, when you got financials up and tech up and healthcare up, that's what you want that's how you get 2-1 advancing to the declining stocks. we are starting to see new highs spread out a little bit. everyone even on the dall

this could be a good hedge if you own nvidia or amd or some of these that are still up a lot.ooking out to november expiration, when smh was trading at 97 bucks, you could pay $2 for the put spread, breaking even at $93. you could make $5 between $93 and $85. your max risk is about $2, about 2% of the stock price. again, this is a sector etf that is basically down a couple percent. it's got a few large components that are holding it up if earnings season doesn't hold up here for those big ones, this thing's going lower. >> all right carter, what do you think? >> yeah, i mean, you can see the line's drawn it's a fairly textbook uptrend and then a break in trend, just as dan described it. one thing i would point out, of course, which is also part of that, not only do we have -- and you see a two-panel chart here -- not only do we have a break in trend, but what we have is deteriorating relative performance. and really, in many ways, that's what alpha is, right the opportunity cost to be in one thing versus something else. so, as depicted here, essentially, semis have been in a r

if you see how they did in this amd lostssion, almost half their value, down 20% at some point.t will be interesting to see where the semiconductor index goes from here, again, heavily concerns?y trade shery: we also saw oil bouncing from the two-month low, but we still expect a loss for the month? su: oil is definitely under pressure. at one point, we were hearing that they were going to produce as much or as he could, now we are hearing they will cut back. that is a positive for oil. gold is also at a three-month high and you are hearing the gold bulls talk about how the run has more room to go. haidi: that was bloomberg's su keenan, with a bit of a relief for markets. there was a flash of investor optimism in tech stocks, but it turned out to be short-lived. number technology host, emily chang, jens us from san francisco. what were your key takeaways from the badge of tech earnings today? emily: lots going on, that right . we should address amazon first, revenue growing 20% year-over-year -- 29% year-over-year, but the disappointment came for the forecast for the holiday quar

amd was trading as high as 34.14 on september 14th.ebook is doubling time to delete your account and data eaua aeyafr e teth brk. [ upbeat music ] i'm ready to crush ap english. i'm ready to do what no one on my block has done before. forget that. what no one in the world has done before. all i need access, tools, connections. high-speed connections. is the world ready for me? through internet essentials, comcast has connected more than six-million low-income people to low-cost, high-speed internet at home. i'm trying to do some homework here. so they're ready for anything. >>> if you want to delete your facebook data, you have to wait longer for the job to get done the social network extending time it takes to delete your account and data from 14 days to 30 julia, you got a statement from facebook they say we've seen people try to log into accounts they opted to delete after the 14 day period the increase gives people more time to make a fully informed choice joining us at post 9, henry blodget, business insider ceo, and kevin delaney

the report says this can be most visible in overstretched amd departments, but it also highlights mentalelderly. it says that there is now an urgent challenge for all parts of the health and care system to work together, like in wakefield, and that a long—term funding plan is also vital. the department of health and social care says it will set up a £240 million fund for adult social care to ease pressures over the winter. katherine burns, bbc news. coming up at six o'clock on breakfast, dan walker and naga munchetty will have all the day's news, business and sport. this is the briefing from bbc news. the latest headlines: hurricane michael, the most powerful storm to hit the south—east of the us in decades, is moving on georgia after causing devastation in florida. wind speeds are up to 200 kilometres an hour. so far one death has been reported — at a home in gadsen county. president trump says he's had high—level talks with saudi officials about the disappearance of a prominent saudi journalist and government critic. jamal khashoggi was last seen entering the saudi consulate in istanbu

on our story starts in amde about the largest city in the indian state of gujarat. people taking to the old job according to a source who worked for a notorious bookmaker but now it is unaware that the recordings for the. over one hour i love i am not a on one that are going to. win our supplies informational match fixing to the bookmaker who then places bets a makes money on pre-arranged outcomes. they. get. the book make it was dinesh kalki a well known local gangster good operated for more than two decades from good to right. by his dog used to work for him. i don't mind what i would not go and sata not toward those little girls i was poking to the top public internet. because for targa last. one slips your receipt dhamma resort where kalki run a lucrative gambling and match fixing operation is now locked in his assist. but for many years the hub of an ancient criminal operation. the city's police chief was aware of calgary's activities. and has a cult who knows. they were marketing a fair. yet directly to. the betting business was run from a series of rooms hidd

when i found out i had age-related macular degeneration, amd, i wanted to fight back.me up with a plan. it includes preservision. only preservision areds 2 has the exact nutrient formula recommended by the national eye institute to help reduce the risk of progression of moderate to advanced amd. that's why i fight. because it's my vision. preservision. also, in a great-tasting chewable. we distributeus, i'm the owner environmentally-friendly packaging for restaurants. and we've grown substantially. so i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. that's right, $36,000. which i used to offer health insurance to my employees. my unlimited 2% cash back is more than just a perk, it's our healthcare. can i say it? what's in your wallet? little things can be a big deal. that's why there's otezla. otezla is not a cream. it's a pill that treats moderate to severe plaque psoriasis differently. with otezla, 75% clearer skin is achievable. don't use if you're allergic to otezla

this ahead of amd earnings today. stacy rascen joins us on the phone.our analysis in. >> good to be here. >> tell me what the industry is like the semi conductor sector has been performing poorly way before the month of october started. and more recently, we've had confirmed weakness in prices we just had weakness coming out of europe from amx, the apple supplier then we get techs in warning on the industrial side kwhich is taking down nxpi in particular in today's session it seems like every single end market that semis feed into is weak what's the reality of the situation? >> well, yeah, so, look, you're right. the stocks have been weak for a while. they do tend to be anticipatory. things have been prepping for a downturn is not necessarily a shock. t.i. was at $115 not that long ago. so it's not a shock. and this is it we've been in a demand driven up cycle for a number of years. the worry is what are triggers that can send demand over? we have potential issues that are making people nervous. the people are starting to see it it's not a shock it's ha

blockchain was no driver to amd.says the related gpu sales in the third quarter were negligible. joe: you have to wonder, whether thosere getting hit if miners are reselling or chips into the markets competing with the original once. caroline: secondhand. joe: for more on today's top stories, a series of suspicious packages were sent to various democratic politicians as well as cnn. shannon pettypiece joins us from washington. thank you for joining us. what is the latest right now on this developing story? at the: we are here white house and we are waiting to hear from the president as he leaves for a rally in wisconsin. he should be coming out any minute. oftentimes, when he heads to these rallies, he will stop to talk to the press on the way to the helicopter that takes him to air force one. it is possible he might come out and say something. situations, the white house has struggled to set the right tone. the press secretary came out with a statement, the vice president came out with a statement that the president

amd and other former taking it on the chin.s on revenue and finally grubhub, all the numbers were better than expected, but analysts point out an increase in marketing spending that could hurt forward earnings as the reason. the stock is moving lower by 9% right now. >>> the nasdaq 100 bouncing back today but still down nearly 8% in just the past month. is there opportunity in the tech rack that's next. american airlines doug parker joins us. his stock is flying high today but what kind of turbulence is he looking out for. that's next on "power lunch." finally. you're still here? come on, denise. we're voya! we stay with you to and through retirement... with solutions to help provide income throughout. i get that voya is with me through retirement, i'm just surprised it means in my kitchen. oh. so, that means no breakfast? i said there might be breakfast. i was really looking forward to breakfast. i know... voya. helping you to and through retirement. >>> hi, everybody. i'm sue herera. here's your cnbc news update for this hour

when i found out i had age-related macular degeneration, amd, i wanted to fight back.udes preservision. only preservision areds 2 has the exact nutrient formula recommended by the national eye institute to help reduce the risk of progression of moderate to advanced amd. that's why i fight. because it's my vision. preservision. also, in a great-tasting chewable. traffic and roads... a mess, honestlyrents going up,le. friends and family moving out of state, millions of californians live near or below the poverty line. politicians like gavin newsom talk about change, but they've done nothing. sky-high gas and food prices. homelessness. gavin newsom, it happened on your watch. so, yeah. it is time for a change. time for someone new. all right. as if we don't have enough to argue about, the debate over immigration continues to rage. the question of the borders is in the spotlight. the author of melting pot for civil war, the son of immigrant makes the case against open borders. tell us quickly the argument you are setting out in this book. >> the basic argument is that we h

. >> i get you christopher, when you look across the chip sector not just at intel and amd and the interplay between those, but things like storage, solid state drives and memory, we just had micron on a few days ago and they took a hit on some tariff concerns where do you see the most opportunity or maybe the most disconnect between where the valuations are and where the potential lies >> yeah, it's a little tough right now because semis have been on an absolute tear for years. there have been supply shortages, not just of intel but across the board here and a lot of consumers of chips have built a ton of inventory, particularly as lead times for these products have stretched and these shortages have really just grown. so there is some risk for at least two quarters of this inventory workdown across the board. so some of the broad-based guys i think are a little bit more at risk right now but some of the really niche specific guys, guys playing into the data center might be a little bit better than the broad-based guys. >> christopher, in terms of your outlook on intel, how is that shaped b

the chip trouble amd accepting on the fourth quarter guidance following a 9% fall in actual trade nowsoft rallied after the bert than expected earnings joining joining us to give the take robert lunaa and ivan from tigress financial partners i've starting with you what's your take on the numbers do you remain positive. >> absolutely. it's a great quarter they own the productivity suite. i don't know anybody that doesn't use microsoft office they have successfully transitioned from a licensed model to a subscription model. and they keep improving it almost every other week you see upgrades and now everybody is paying $8 to $16 a month they still dominate the desk top operating system and they are growing strongly in cloud. and they have a tremendous presence in gaming all the key areas they continue to do well. >> rob, how long can they keep up 70 to 90 peppers growth in azure cloud business. >> that's amazing. to ivan point this is a great company hitting on all cylinders but the only problem is you look at the stock it's no man's land. the dividend is down to 1.5% and it doesn't have

the chips have been out of favor from amd all the way across the board. first one that came out with the positive was intel and that was just a week ago. >> 15.5% this month, right. >> yeah, intel is the only one of the chips that i own right now. >> to your point, again,s in the type of market -- nvidia is in free fall. a lot of these companies, the large cap type companies are in free fall in the last 30 to 45 days why are you buying that near term free fall when you could buy a quality company like an intel and play the same type of bounce intel, that has been down from 57 over the much longer course of time. okay but i think the market is more comfortable buying in intel than it is taking a chance that amd or nvidia is going to experience some form of a bounce. >> this stock is up 5% today the space is sold off. this name has sold off it's down 32% month to date. >> the stock has been hit worse than any other stocks -- >> portfolio managers, hedge funds, they are more sensitive to riff. they are looking at beta they don't want high beta exposure in th

. >> fantastic >>> moving on, one of the worst performers of the month has been amd, down more than 40%biggest laggard on the s&p however, the stock is still up more than 70% year to date, to put that into cop tentext. i spoke with lisa su yesterday about being a technologist who became a ceo and why security will play such an important role in the company's future. take a listen. >> in our case it has caused us to think very differently about security we have a responsibility to think much, much broader and there's a reputational aspect to our jobs, and security is one of though things. you've got to do everything you possibly can because it's such a reputational issue for the company. >> that was a great event and as you see, amd stock faring a bit better today than it has year to date >> wow that's a tough month >> month to date, i should say done very well year to date. >>> well, let's take a look at shares of another stock as well, gm coming off a big quarter saw it blow past forecasts in revenue what the ceo told cnbc this morning about what comes next. "squawk alley" is back in l

if you had to pick between intel and amd? >> actually, liz, we see better opportunity in other names in the chip sector. liz: which one? >> we like texas instruments. i know the market's disappointed with some of their outlook, but they have good exposure to key areas within industrial and automotive and so when you think about what's going on in those industries, you have more intelligence, more sensors that are finding their way. there's the so-called internet of things and we look at a company like texas instruments, despite some of the macro concerns it's being very well positioned. another name we like is analog devices which has key exposure to industrial, to automotive, to telecommunication, and they too are helping to provide a lot of the brains behind the buildout of next generation infrastructure. so we see opportunities within the semiconductor industry in other names and we will certainly look to see what intel has to say this evening. liz: lance, you are always looking and you talk to these people. what is intel

that's our thing. 1-800-directv >>> amd shares down. ibm with a sell rating saying the recovery remains protracted and uncertain. they say sadly we love this 100-year-old american icon but the company's recovery remains uncertain. >> i was hoping they would be a little more bullish on ibm. as i read through it, what i get the sense is they will be left behind. they talk about aws google, microsoft, public cloud offerings. they have leveraging partnership. i read it and i thought it was a hold. it's nuanced. it really is ibm cloud looking solid. 20% growth rate is not bad for the cloud. >> the growth rate overall on the component of their businesses are not bad. the question has always been can you outrun the legacy which is still the majority of revenues. we have been talking about this for years. the market is sort of willing to wait. >> i guess so. i feel like at ibm it is like who are those guys. >> i look at this and i say i would not sell it off -- amd has issues. there was a big spike because people felt that intel had really lost

week intel is up 1% amd down 6%. is speaking and the only news, scott, that came out in that time frame is on friday when the current interim ceo said despite whatever supply chain issues everybody is worried about they'll meet revenue guidance that was positive, stock up 3% on friday. now, look, in terms of there's no good scenario coming out of this you miss the point it's been 3 1/2 months since kaz kazanich left the firm -- >> are you talking to me -- >> let me stay on point. before the holidays hit, the board has to announce who the ceo is if they go into the holidays in 2019 that's horrible they have to get the ceo out there. i can't see that being anything other than positive. they'll come out with a cap ex plan. >> we need to have a sound effect >> eh. >> ten th-- >> that's a me too research report in there nothing new in there. >> according to gartner for servers have been fairly strong. double digits so they're saying servers will fall apart. i completely disagree. >> you're saying the analysts are piling o

tonight it's microsoft, tesla, visa, ford, amd, whirlpool -- a ton to watch after the bell. let's get to the judge >>> i'm scott wapner stocks off their lows this hour. is there another troubling sign for investors to keep their eye on why good news can no longer lift stocks and what that says about the state of the correction. it's 12:00, noon, and this is "the halftime report." >>> is the bottom in is now a time to buy we're talking risk and reward. banking analyst mike mayo makes a big call he's here live and the next round of big earnings, ford, microsoft and tesla are up tonight "the halftime report" starts right now. >>> welcome. good to have you with us on this wednesday. here to debate and trade the biggest stories of the day, joe terranova, pete najarian and the ceo and portfolio manager at gilman hill asset management let's begin with stocks moving lower but well off the lows. boeing seemingly unable to lift the broader market it's not the only stock, by the way. >> it's not. >> that has had great numbers. the market says, yawn, goes up for a bit and back down. >>

>>ing a, -- amd, stocks up 63% since the end of july when you mentioned it this week has been rough soa good time to take the temperature of this thing. give it to us. >> i think one of the things you want to decide is whether or not you investor trade one of the ways i think about amd is that this is one of the highest names in all of chipland that contains very volatile stocks when you have company transitioning from an old business model to new and people are still unbelievers about that business model plus launching new products, there's going to be volatility around things like earnings and then when you've got regular market volatility, that exacerbates it. so i'm willing to stick with it through that this is not violating any major trend lines but it's had a tough week with the overall market. >> 164% year to date not all trader picks work. some have stalled? >> fundamentally the company similar proving. twitter is a legitimate advertising platform, especially for political content. >> i'm very optimistic on ea electronic arts. >> what do we do with twitter? this stock had a tre

i think amd a name i'm long as well that might not be bad that didn't seem to sell off and even todayive strength i do think there are tradeable buys here. once we see that market start to return. >> friday at 5:30 there is a great show. >> "options action." >> "options action." >> sometimes you o we let. >> you you do. and in early september you allowed me and dan nathan and i went on and he put on a bullish trade-in electric ib arts. proved to be a good trade by dan. i know he is listening but i think there is a good chance that electronic arts trades back to december 2017 level at about $100. here we are. i think electronic arts is overdone on the soundside at 19 times or so earning it's fair valuation. and two analysts just both upgraded the stock, 145 price targets. i think ea is interesting here. >> do any of the stocks tempt you that we went through. >> i'm long one of them. >> american airlines. >> american airlines we saw good news out of delta today. should translate, somewhat, not entirely to american airlines. delta was kind of a nice positive surprise. especially on the -

the analyst sites the risk of a price war wit rival amd. the price target is 38. the stock fell 1.5% to46.45.ip le was ground graded at oppenheimer. the analyst says wall street i too optimistic about earnings. the price target is $400. the stock fell more than 1% to 446.97. >> ups was upgraded. the analyst cited the prospect for improved margins at the k. price target now the stock rose a fraction to $117.46. teva was group graded to market perform from underperform. the analyst cited improving fundamentals. price target $24. the stock fell a fraction today to $21-46. >>> still ahead as we enter the final stretch of the year will the rally inech stocks heat up or start to cool down? >>> price. oil hit its highest level in four years today in part because sanctions on iran are starting to shrink the world's supply. prices also rallied on the trade deal between the u.s.nd canada. the trade dispute had raised fears of a slowdownwt in g that could impact oil demand. so prices in domestic crude settled above$75 a barrel today. >>> the trump administration is close to

they make chips for qualcomm, for amd, nvidia and texas instruments.s could be the catalyst i want this trade on early next week i want to bounce more on monday in the smh this could be a good hedge if you own nvidia or those up a lot. when the smh was at 97 bucks you could buy the november 95, 85 put spread paying $2 for it. that breaks even at 93 bucks you could make up to $8. your max risk is $2, about 2% of the stock price. again, this is a sector etf that's basically down a couple percent with a few large components holding it up if earnings season doesn't hold up for the big ones this thing is going lower. >> carter? what do you think? >> you can see the lines drawn it's a fairly textbook uptrend then a break in trend as dan described it one thing i would point out, of course, which is also part of that, not only do we have -- you see a two-panel chart here not only do we have a break in trend, but we have deteriorating relative performance in many ways that's what alpha is -- the opportunity cost to be in one thing versus something else as depic

one notable name there, amd dropping hard.y 80% so far in 2018 sara >> yeah. good perspective josh, thank you. finally meg tirrell has october's big biotech movers >> it was a tough month for biotech as everything else the xbi which reflects more mid-sized names lost 17% among the hardest hit were synergy pharmaia which yielded no offers above its market value. clovis oncology sank after a research conference and those are all smaller stocks but the large-cap biocaps weren't immune alllousing more than 10% and many expect the fear around biotech to continue, at least until after mid terms, next week, because, of course, drug pricing is a very popular campaign issue sar-and-and brian, back for you. >> seen that in previous elections. mike, thank you very much. have to start with technology. that was the center and ground zero for the selling in the month of october. >> yes. >> where did it leave valuations >> today you actually got the biggest bounce there facebook got a little bit of traction on reaction and lifted the whole g

important company. 17% of their sales come from -- come from apple and make chips for qualcomm for amd and nvidia and texas instruments. this could be the catalyst preponderate i want this trade on early next we can wouns a little more on monday in the smh this could be a good hedge if you own ht nvidia or looking at november expiration when the smh traded at $97 you could buy the november 95/85 put sfred paying $2 for that breaks even down at $93. you can make up to $8 between 93 and 85 the max risk is $2 about 2% of the stock price. this is a sector etf basically down a couple of%. has a few large components that hold it up if earnings season doesn't hold up here for the big ones this thing is going lower. >> all right carter what do you think >> yeah, i mean you could see the lines drawn. it's a fairly textbook uptrend and then a break in trend just as dan described it. one thing i would point out of course which is also part of that, not only do we have -- and you see a two-panel chart here -- not only do we have a break in trend but what we have is deteriorating relative performan

amd, netflix, paypal master card getting crushed. with no end to the rate rise in sight. is there more pain ahead what does that mean for the market rally overall, guy. >> feels like -- there is going to be an end in sight. but it feels like for the short-now thepath of least resistance feels low are it's funny a couple much days ago i'm like this market can't stop it's going to continue to grind preponderates didn't matter now they do. i'll tell bhu this as well i think it has something to do with the fact that the rhetoric with the chinese escalates instead of going the other way that's part of it as well. you have the unhealthy witches brew of bad news impairs the mechanic some of the stocks are at interesting levels facebook at 155. tim thinks it's going lower. but that's level carter thinks it's going down. but at least it's something to trade against. amundsonen look at the move there. 2040, 1860, to 2020. back again at 1870. >> do you feel there was foot teg market today i felt like the s&p hit the 50-day footing. >> we went off those. >> triple q a hundred. iwm 20

amd and nvidia in the balance. >> amazon still up 47% for this year. 160 billion in lost market valueremember when it was a trillion very briefly in a matter of a few weeks. >> is that like $250,000 it weighs 37 pounds, by the way. >> do you have a 20 in your pocket he has like 250,000. >> look at that. >> percentage wise it is going down a little bit. maybe it is 225,000 now. >> i'm looking for a bounce because of what -- those who are wise enough to buy, they are flatly selling. down 72. i don't know. why not wait a little and see what happens. sellers will come out of the woodwork. don't be in such a hurry. you want to buy something small go buy. go buy something. you know that guy is a seller. he is not a buyer. he is a seller. >> the warning out of ppg earlier in the week, the revenue warning on the floor today, you do not see as a pattern. >> they talked about five regions which is an issue for supply chain. the supply chain was totally caught offguard by what happened. floor is getting crushed. >> they have two projects. periodically -- i remember floor in 1979 when i read that

the economy, crime amd corruption remain top of voters concerns, as the bbc‘s katy watson reports from years on, that pride has turned to shame. police shoot outs... funerals... and painful goodbyes — where people's lives end up like this. violence has become a key election issue. 13—year—old maria was affectionate and studious. a keen basketball player, she never once missed training, but one day, she didn't come back. in this video, police shoot dead to drug traffickers. two drug traffickers. maria was caught in the crossfire, shot three times on the basketball court at school. a year later, her mother still struggles. she shows me where she was killed. so these, every single one of these hearts if you can see, there is a gunshot, and these are all gunshots from the day maria died. she doesn't believe in politicians. her only faith now is in god. translation: every one of these medals is a lost dream. maria told me she was going to travel to switzerland and the us to be a flight attendant and a basketball player. others here also have dreams, but as one little boy told us, life is cr

amd leading the group, up more than 5%. followed by intel, texas instruments. so are chips a good place to be? trading nation is next (beeping) experience the lexus rx with advanced safety, standard. lease the 2018 rx 350 for $439 a month for 36 months. experience amazing at your lexus dealer. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> welcome back to "power lunch. reuters is reporting that richard branson is quitting as chairman of virgin hyperloop one. the report says mr. branson's reason is the company needs a more active chairman but this does come on the heels of the "financial times" report last week that saudi arabia had terminated a deal with virgin hyperloop one after mr. branson had halted talks about investing in sa

amd, sprint, t-mobile moving higher on a lot of enthusiasm by investors. the executives of those getting regulatory approval for mergers. gtv is where you can find our library of stocks. it is the second worst month of the decade. this drop is the most since 2010. >> we keep talking about the the tech selloff and the faang stocks. >> i will take us into the bloomberg. what we are seeing with the hedge fund is a lesson on when they all crowded into the same stocks. we can see where the green was. this is just for the day. i am going to take it in for the month. were asee the big losers lot of the advanced microdevices. the faang stocks. what you hadurt with the hedge funds. we had another value hedge fund that announced it was going to close. the rare bright spot in the hedge funds was the macro. they did fairly well. i mentioned the dollar advance on the strong private payroll data. how could the midterm elections put things at risk. goldman says the midterms present several scenarios that could halt the rise. political uncertainty, other issues such

out, --e had amg come amd come out, a much smaller player, and they got clobbered in the trading sessionng on in the stocks index for the chip sector overall? it's about expectations, intel has been pretty beaten down over the past year leading into this. david: they were highflying in the beginning. >> it's interesting you bring up amd, they are going after intel's a share of server processor units. that was a business that was growing but you have to wonder if we play that forward, do they end up using market share -- losing market share? does this tell us about what is coming down the food chain? we are seeing this with value over and france, they are saying we're not getting as many orders . is there an indication that was coming down the line? >> intel paused on the numbers, but we got to the ceo was asked about trade and it took a dive down. i think this place to those concerns. semiconductor companies are in the center of this, being primarily u.s. based companies with china as their biggest market. of the trade war on demand is going to be interesting. intel is not seeing the sam

every single one of the 30 members are in the red, icron.ing amd, ma this came from a note from deutsche bank who cut estimates. investors are concerned about the degree to which we are seeing slowly in the industrial and automotive markets. let's talk about treasuries. chartking at a two-day for the u.s. 10-year. the yield above 3.2% today. perhaps one of the reasons why the financial sector is managing to keep its head above water this session so far. let's look at oil. we should have a five-day chart coming up. au can see the way oil hit rally above $76 a barrel. it is retreating from their, which is the highest prices 2014. which is the highest price since 2014. david: midterm poll shift over the kavanaugh confirmation battle. this is bloomberg. ♪ david: this is "balance of power." david: senator mike brown says the report of chinese hackers against u.s. companies his nose apprise. -- no surprise. he said washington agent to do more in response to ask of cyber warfare's. the science -- cyber warfare. defensive capabilities alone will not be enough. we will have to have some deterrenc

a amd stock is down.d look you know, there is some rock in it i know micron is in control of the board tech of semis. you know what stock we don't talk about that's moving up quietly and involved with china. starbucks, take a look at this thing. it is now at 59. this stock is going from 52 to 59 achman is there at chipotle. >> achman is like catch fund manager own stock. >> you are right, i should not brought it up. he's not going to do it. this is kervin johnson making a good deal with china, with your friend, jack ma. i do like the way of starbucks it is literally a classi classic -- this is three yards cloud of dust. >> piper is the big team survey out today. the number one restaurant is chick-fil-a but it is followed by starbucks >> yes, every since i saw kj one of the hottest cities of real estate, nashville this man is getting his hands dirty. he's not running for president >> you come around on this >> from kj >> remember when we did the interview in boston, you were tough on him >> well, i was bee

but then semi conductors, and the amd, talking about demand in the fourth quarter.se two groups of technology selling off has been the leadership for the last two years. when you think about it, we are 1.5% from an all-time high. here are the three things i think are happening. the financials are terrible, awful. the worst performance in the s & p 500. actually financials will start to increase a bit. if you can lose technology and still have a market at or near all-time high and pick up pleadership from healthcare and consumer discretionaries. charles: wages are 2.93%, does the market continue to freak out? >> no the market looks at the adp and it's fine. charles: we are rooting for a good number? >> we are rooting for a good number. ♪ a moment of joy. a source of inspiration. an act of kindness. an old friend. a new beginning. some welcome relief... or a cause for celebration. ♪ what's inside? ♪ [laughter] possibilities. what we deliver by delivering. i kept putting it off... what was i thinking? ok, mr. jones... we're all done. i told you it was easy. with life l

chips and it is exacerbating when the chinese economy is coming down i don't even trust nvidia and amd right here i think they are too high. speaking of china, the trade skirmish that is a price we need to play to level the playing field with the chinese. six, the dollar keeps rising and in part because of interest rate keeps rising that's including staples unfortunately the feds are ignoring this list which means we could have a lot more of what is happening today really thrown away so what would turn things around how do we stop the torrential downpours, there are ways. jay powell needs to walk back his comments about his willingness to overshoot the rate hikes he sees an 80 cent increase in wages, the dreaded spector of wage inflation and it makes him want to slam on the rates. problem is, president trump keeps putting powell on a box by saying, what he did today, all right, i am just a tv host but he is the president. so now i think powell needs to tig dig in his heels tell cramer that he is wrong shame on them. i don't want 2007 again. second, oil needs to come down we create aid