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Jan 9, 2015
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david faber that's latest. this is the activist. >> a very large activist firm. 2015, well following in the steps of 2014 which was certainly a year where we saw activism at the fore with so many companies. dupont one of the largest companies in quite some time actually facing a proxy fight in this case and normally doesn't go a proxy fight. their playbook has to go in and convince management or the board give us a seat or two. oftentimes they have done that. not the case with dupont despite talk this summer. they are now battling it out in the next few months leading up to the keys annual meeting sometime from now. trian wants four board seats. and it's basically saying we want owen coleman to be held accountable the ceo of dupont for what we believe is performance that could be a lot better. nominating as i said those four shareholders and going on to talk about things on allocated cost. we've seen some arguments previously from trian but following through with this decision to mount the proxy fight for four
david faber that's latest. this is the activist. >> a very large activist firm. 2015, well following in the steps of 2014 which was certainly a year where we saw activism at the fore with so many companies. dupont one of the largest companies in quite some time actually facing a proxy fight in this case and normally doesn't go a proxy fight. their playbook has to go in and convince management or the board give us a seat or two. oftentimes they have done that. not the case with dupont...
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Jan 16, 2015
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. >> we turn to david faber i have a feeling on fxcm. >> we figure we would keep people up to date.can tell you, may have seen it at the bottom of the screen, jefferys not done yet but working on a $300 million rescue of this currency broker if you will. $300 million deal that would be structured largely as a debt deal with equity component. don't have a great deal of detail about the security we're talking about. it would have the effect of keeping fxcm in business, addressing the $225 million negative equity shortfall the firm faced as a result of the violent move in the swiss franc which took a lot of clients out so to speak given the leverage in their accounts but we're not done yet and as we know, carl, these things can go awry at the last moment but we did want to bring that to people. >> thank you. >> david faber. >> when we come back almost $2 million for less than a thousand square feet of living space. we'll take a closer look at the insane demand for real estate in the heart of silicon valley. the battle over the connected home is heating up. arm holdings will join us lat
. >> we turn to david faber i have a feeling on fxcm. >> we figure we would keep people up to date.can tell you, may have seen it at the bottom of the screen, jefferys not done yet but working on a $300 million rescue of this currency broker if you will. $300 million deal that would be structured largely as a debt deal with equity component. don't have a great deal of detail about the security we're talking about. it would have the effect of keeping fxcm in business, addressing the...
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Jan 30, 2015
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we're going to break in for some breaking news now with david faber. thank you, guys. david. >> we've been waiting for the results from the fcc's auction. its so-called aws3 auction that ended a day or so ago. 44.9 billion in total proceeds. we finally got the results of what was spent by the key wireless companies in the country. namely at&t verizon, t mobile and as well dish. the numbers themselves are about 18 plus billion dollars for at&t. about $10.4 billion, there it is for verizon. dish net's affiliates, and this gets confusing. they actually bid $13 billion, but they did so through designated entities which will allow them to buy at a discount. it's a strategy we've seen used in the past for example, by mahero gabelli at various spectrum auctions. what is going to be spent by dish is roughly $10 billion for spectrum that was worth, let's call it $13 billion. all of this adds up to roughly 44.9. when this began there was an expectation that at&t and verizon would be at a similar number. that is clearly not the case. at&t though many had felt had at least given th
we're going to break in for some breaking news now with david faber. thank you, guys. david. >> we've been waiting for the results from the fcc's auction. its so-called aws3 auction that ended a day or so ago. 44.9 billion in total proceeds. we finally got the results of what was spent by the key wireless companies in the country. namely at&t verizon, t mobile and as well dish. the numbers themselves are about 18 plus billion dollars for at&t. about $10.4 billion, there it is for...
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Jan 20, 2015
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. >>> for the last week we've been watching the volatility in the currency markets and david faber rejoinsat post nine with a special guest. >> that's right. earlier we got cut off. we want to apologize for an interview that did get cut short in the 9:00 hour and continue it now for you. again while some currency brokers such as fxcm, for example, were hit hard by last week's surprised swiss move others weathered the storm better. continuing his first on cnbc interview is interactive brokers chairman and ceo thomas petterffy. first off, apologies for our feed going down earlier. mr. petterffy, you know, in speaking briefly as we did, you mentioned, of course, leverage and a lot of people are wondering when it comes to currency trading by your clients and others, why is the leverage so large? i think you said 40 to 1 for you, i know fxcm was 50 to 1 in this country and perhaps as much as 100 to 1 outside of it. >> well trading has been going on for hundreds of years and they normally do not move by that much, so they move maybe less than 1% a day on the average and generally they do not als
. >>> for the last week we've been watching the volatility in the currency markets and david faber rejoinsat post nine with a special guest. >> that's right. earlier we got cut off. we want to apologize for an interview that did get cut short in the 9:00 hour and continue it now for you. again while some currency brokers such as fxcm, for example, were hit hard by last week's surprised swiss move others weathered the storm better. continuing his first on cnbc interview is...
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Jan 16, 2015
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david fabering back to you. >> thank you, mr. santelli.ack to a story following this morning and it's truly a developing story. focused in part on fxcm the brokerage firm focuses on currencies that said last night it had a $225 million negative equity balance as a result of what happened to clients trading with the swiss franc. glenn stevens, another trading plat form with focus on currencies publicly traded company market value of $340 million as of close last evening. glenn, first, thanks for getting to the phone. what can you tell us about what you're seeing amongst your client base in this currency trading universe and what steps perhaps you had taken to mitigate what befell your competitor fxcm? >> hi, david. thanks for the opportunity to weigh in here. actually, as you might expect there's a fair amount of incoming inquiry centered on concerns about their money, their balances their ability to execute trade to either enter or exit positions that they're already in and also just comfort and safety of overall accounts. and ultimately u
david fabering back to you. >> thank you, mr. santelli.ack to a story following this morning and it's truly a developing story. focused in part on fxcm the brokerage firm focuses on currencies that said last night it had a $225 million negative equity balance as a result of what happened to clients trading with the swiss franc. glenn stevens, another trading plat form with focus on currencies publicly traded company market value of $340 million as of close last evening. glenn, first,...
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Jan 6, 2015
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both companies wouldn't comment and our david faber says verizon's ceo spoke last night where he quickly dismissed the idea that anything significant would be going on with aol. but those reports did send ool shares jumping this morning. and less likely than a full acquisition, verizon could be partnering up with advertising technology as verizon looks to expand mobile video ads. another story is sony which unveiled some super thin giant television sets as well as a 700 new walkman. he finally broke silence on the massive hack attack on sony over the film "the interview". >> sony pictures entertainment, former employees and certainly current employees they were unfortunately the victim of one of the most vicious and malicious cyberattacks we've done certainly in recent history. >> another company making waves is dish. they announced its new sling tv a $20 a month over the top service to stream live cable tv. it is just an app that works on internet connected devices and has no equipment. the big question is whether this over the top service will appeal to the 10 million broad band house
both companies wouldn't comment and our david faber says verizon's ceo spoke last night where he quickly dismissed the idea that anything significant would be going on with aol. but those reports did send ool shares jumping this morning. and less likely than a full acquisition, verizon could be partnering up with advertising technology as verizon looks to expand mobile video ads. another story is sony which unveiled some super thin giant television sets as well as a 700 new walkman. he finally...
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Jan 7, 2015
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i told david faber this stock is the key to the market.nk jack in the box can go higher which is why i think it will be a terrific buy. the company's big winners thanks to a terrific remodeling effort. i'm far more excited about jack's mexican division. getting the change to turn around. i think jack should do with qdoba what mcdonald's did with chipotle. jack would become the burger joint to own. here is the bottom line. all of these restaurant stocks work today because today for once the market's action is rational. we know these stocks work when the panic subsides. that's why i want you to put them on the shopping list and wait for the next market selloff as oil goes lower which could happen any day now. when everyone is panicky again that will be the moment. stay tuned to hear about my favorite retailers. why don't we start with howard in new york? >> caller: howard here from the green mountain state of vermont. longtime fan. >> i was thinking about mexico where i was last week. what's going on? >> caller: question the lower cost of oi
i told david faber this stock is the key to the market.nk jack in the box can go higher which is why i think it will be a terrific buy. the company's big winners thanks to a terrific remodeling effort. i'm far more excited about jack's mexican division. getting the change to turn around. i think jack should do with qdoba what mcdonald's did with chipotle. jack would become the burger joint to own. here is the bottom line. all of these restaurant stocks work today because today for once the...
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Jan 27, 2015
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i'm carl quintanilla with sara eisen, david faber. s in los angeles today. >> lucky. >> america's lodging investment summit talking with virgin america president and ceo david curb in a moment. the real storm ms not about snow it's about strong earnings, miss in durables and the dow down almost 300 points s&p below 2030. oil one of future things that's working today, down almost a percent. getting some macro data now. rick santelli in chicago. rick? >> all right. first, we'll go for the easier date tap richmond fed for january, about as expected came in at six. now for the heart throb of it all, 102.9 for january read on consumer confidence, that is just off the charts i think it's probably due to energy. believe me that's the best read since august of 2007. and the last one to be coming in, of course new home sales, and that is a big deal. why is it a big deal? new home sales is definitely a bit on the strong side unlike durable goods. 481,000 on the seasonally adjusted an annualized base since nitty-gritty on this stuff, aim towards
i'm carl quintanilla with sara eisen, david faber. s in los angeles today. >> lucky. >> america's lodging investment summit talking with virgin america president and ceo david curb in a moment. the real storm ms not about snow it's about strong earnings, miss in durables and the dow down almost 300 points s&p below 2030. oil one of future things that's working today, down almost a percent. getting some macro data now. rick santelli in chicago. rick? >> all right. first,...
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Jan 20, 2015
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i'm david faber with sara eisen and simon hob. live at post 9.quintanilla has the day off a look at markets. turned around after an up open you can see now down by a like amount. what's oil doing? you see it down there, wti, well below $47 a barrel, down over 4.5% on the session. let's get to diana olick, breaking news on home builders sentiment. >> home builder confidence, down one point in december. it didn't move for the month. the monthly sentiment index stands at 57. anything above 50 positive and it has been in positive territory for seven straight months. last january, it was at 56. but then it dropped into the 40s for the first half of 2014. a mid higher interest rates and higher sales. david crow said steady economic growth rising consumer confidence and growing labor market will help housing market to continue to move forward in 2015. of the index's three components, current sales conditions unchanges at 62 expectations for future sales dropped four points to 6 on traffic of prospect evg buyers fell two points to 44. buyer traffic the o
i'm david faber with sara eisen and simon hob. live at post 9.quintanilla has the day off a look at markets. turned around after an up open you can see now down by a like amount. what's oil doing? you see it down there, wti, well below $47 a barrel, down over 4.5% on the session. let's get to diana olick, breaking news on home builders sentiment. >> home builder confidence, down one point in december. it didn't move for the month. the monthly sentiment index stands at 57. anything above...
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Jan 6, 2015
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i was talking to david faber this morning. good year tires making a major comeback here. i think you are on the right track. it has had a big move. robby in new york. robby. >> cramer my man, happy new year. >> same to you. >> your show is great. i love it. >> thank you. >> my question is how are mobile gaming stocks affected by decrease in sales from smart phones. how does it stack up against -- >> i think all three are not my cup of tea. when it comes to gaming it's take two interactive. it just is. ea is a little too expensive. take a look where the stock is this is what you call a panic pullback. are you making it work for you? think about the many opportunities being presented to you that aren't affected by why we are going down. it's a bird, a plane, it's bio tech. don't miss my take on the top ten players. everybody loves a winner but the losers can teach us something, too. can the biggest flops of 2014 go from zero to hero this year or should you stay away? i'll see what the charts have to say. stick with cramer. >>> don't miss a second of "mad money." follow on t
i was talking to david faber this morning. good year tires making a major comeback here. i think you are on the right track. it has had a big move. robby in new york. robby. >> cramer my man, happy new year. >> same to you. >> your show is great. i love it. >> thank you. >> my question is how are mobile gaming stocks affected by decrease in sales from smart phones. how does it stack up against -- >> i think all three are not my cup of tea. when it comes to...
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Jan 15, 2015
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i'm carl quintanilla with jim cramer david faber at new york stock exchange. we're down four straight days. talk about whipsaw action this morning, as the swiss national bank abandons its cap against the euro cuts rates. more on what that means. >>> citi and b of a under whelming bank earnings. ppi came in cool. we'll be discussing this much of the morning. oil back with a five-handle after the rally. first time oil's been above 50 since january 6th. road map begins with surprise surge in the swiss franc after the national bank scraps the currency floor set in 2011. in turn volatility jumps and markets around the world. >> bank of america shares down in the premarket with profits and revenues both coming in below expectations. >> and target best buy moving dramatically in premarket but opposite directions. we'll explain why in a moment. >>> first up surprising news out of switzerland, the swiss national bank scrapping exchange rate. it was the end of a currency floor set back in 2011 to head off deflation and in response, swiss franc surges against the euro ma
i'm carl quintanilla with jim cramer david faber at new york stock exchange. we're down four straight days. talk about whipsaw action this morning, as the swiss national bank abandons its cap against the euro cuts rates. more on what that means. >>> citi and b of a under whelming bank earnings. ppi came in cool. we'll be discussing this much of the morning. oil back with a five-handle after the rally. first time oil's been above 50 since january 6th. road map begins with surprise surge...
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Jan 9, 2015
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david faber has been reporting on it all morning.comes back. i know i have an 810 fico score, thanks to the tools and help on experian.com. and your big idea is hot dogs shaped like hamburgers? nope. hamburgers shaped like hot dogs. that's not really in our wheelhouse... you don't put it in a wheelhouse. you put it in your mouth. get your credit swagger on. become a member of experian credit tracker and find out your fico score powered by experian. fico scores are used in 90% of credicisions. >>> welcome back to squawk on the street. check norwegian cruise lines falling on news of that management change. frank dell rio new ceo. the stock is trading down 4 and a half percent. >> thanks megan. shares of dupont down a little over 1% after news we did expect late yesterday. trian a holder of about $1.8 billion worth of their stock is nominating four directors for its board at dupont. a proxy fight not often entered into. known for oftentimes getting its way at least to the extent of getting a board seat. and in case after having owned th
david faber has been reporting on it all morning.comes back. i know i have an 810 fico score, thanks to the tools and help on experian.com. and your big idea is hot dogs shaped like hamburgers? nope. hamburgers shaped like hot dogs. that's not really in our wheelhouse... you don't put it in a wheelhouse. you put it in your mouth. get your credit swagger on. become a member of experian credit tracker and find out your fico score powered by experian. fico scores are used in 90% of credicisions....
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Jan 29, 2015
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hurd it's david faber.'s get our response to a story in the "new york times" about the chinese market particularly new rules requiring foreign technology companies to adopt a lot of different protocols, if you will that some are saying are noncompetitive and designed to force you from that market. is it a concern for oracle? >> i did not read the article, david. i haven't. i will. that said china is an important market to us but compared to other tech companies we're not as large in china as some others are. and we have enjoyed a pretty good position in china. we've got obviously software that's a little different, i think in the software market than in the hardware market. and much of what you read about the things are attribute butted to the hardware part of the industry, less so in the software part of the industry. >> mark i want to go back to the competition because i know that you guys are all part of a kind of let's say collegial fight. i like to think it's collegial, they've known each other for a l
hurd it's david faber.'s get our response to a story in the "new york times" about the chinese market particularly new rules requiring foreign technology companies to adopt a lot of different protocols, if you will that some are saying are noncompetitive and designed to force you from that market. is it a concern for oracle? >> i did not read the article, david. i haven't. i will. that said china is an important market to us but compared to other tech companies we're not as...
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Jan 30, 2015
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i'm carl quintanilla with jim cramer david faber at new york stock exchange.ures lower on the miss in fourth quarter gdp. earnings to get through. oil below $45. and the ten-year yield below 1.7. markets, disappointing print on gdp. ruble slipping overnight after yesterday's rally. futures are in the red. >> amazon stock is up sharply, results beat as profits returned to seattle. >>> google misses stock fell 3%. then the conference call. google shares higher in the premarket. we'll tell you why. >>> and visa posts strong results, the stock split, that stock also up. >>> but first up, futures moving lower on the final trading day of january. gdp below expectations up 2.6. weaker business investment wider trade deficit offsetting a nice pop in consumer spending. chevron, mastercard among companies posting better than expected earnings but the major indices on track to post declines for a second consecutive month. we haven't do that in a couple of years. oil shooting for serve months down gold for three months up. crazy times. >> we're the opposite of europe. eur
i'm carl quintanilla with jim cramer david faber at new york stock exchange.ures lower on the miss in fourth quarter gdp. earnings to get through. oil below $45. and the ten-year yield below 1.7. markets, disappointing print on gdp. ruble slipping overnight after yesterday's rally. futures are in the red. >> amazon stock is up sharply, results beat as profits returned to seattle. >>> google misses stock fell 3%. then the conference call. google shares higher in the premarket....
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Jan 14, 2015
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david faber. retail sales for december a big dis disappointment.pmorgan misses estimates after the reversal in the dow yesterday. s&p looks to open back below 2000 this morning. oil's lower. copper's down almost 4%. miners getting hit. real story is in yields. ten-year below october lows right around 1.8. 30-year, a record low, above 2.40. road map begins like this futures taking abig hit. monthly retail sales log the largest drop since this time last year. >> banks on the hot seat. jpmorgan misses estimates across the board. we'll hear from wells fargo. >> good year for gm? auto giant expecting improved profits in 2015. >>> futures extending losses as weaker than expected retail sales in the u.s. and concerns about global growth. sales fell .9% in december even if you strip out gas and autos, sales in most other categories fell below estimates on a day where the world bank jim, says global economy's running on a single engine and that is us. >> 24 hours ago a mark up 1.5%. everything seemed great. then copper fell kb homes disappointed, next thing
david faber. retail sales for december a big dis disappointment.pmorgan misses estimates after the reversal in the dow yesterday. s&p looks to open back below 2000 this morning. oil's lower. copper's down almost 4%. miners getting hit. real story is in yields. ten-year below october lows right around 1.8. 30-year, a record low, above 2.40. road map begins like this futures taking abig hit. monthly retail sales log the largest drop since this time last year. >> banks on the hot seat....
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Jan 28, 2015
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i'm carl quintanilla david faber. market calling for backup in the rough earnings season and looks like apple and boeing will deliver. futures set to bounce after the worst day for tech stocks in three years. oil back on its heels. down 2%. it's fed decision today, ten-year hovering above 1.8. road map, apple, boasting the biggest quarterly profit in its here. demand for iphones in china driving results. >> fedpushing markets to gain back some ground after yesterday's significant tumble in the major indexes. >> boeing's quarterly results soaring past expectations. the company seeing 2015 jet deliveries outpacing 2014. apple is the big story, up sharply in the premarket after posting $18 billion. ipad sales helped by strong demand in china. tim cook -- >> demand has been staggering, shattering our expectations sales over 74 million units driven by the unprecedented popularity of iphone 6 and iphone 6 plus. this volume is hard to comprehend. on average we sold over 34,000 iphones every hour 24 hours a day, every day of
i'm carl quintanilla david faber. market calling for backup in the rough earnings season and looks like apple and boeing will deliver. futures set to bounce after the worst day for tech stocks in three years. oil back on its heels. down 2%. it's fed decision today, ten-year hovering above 1.8. road map, apple, boasting the biggest quarterly profit in its here. demand for iphones in china driving results. >> fedpushing markets to gain back some ground after yesterday's significant tumble...
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Jan 16, 2015
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david faber reporting earlier that they are in negotiations with jeffreys for potential loan of up to0 million. maybe a loan or equities. that's part of the negotiations. we don't whan it is but you can put two and two together. the big issue, of course, was the speed of the move as well as how fast everything happened sxshgt leverage. 50 times leverage. that's 2% margin. just think of that. with $100 you could control $5,000 in foreign exchange. they issued a press release saying they didn't expect material losses from the swiss franc move, and there you see the stock after dropping the last couple of days is trading to the up side. >> the one question i have is why wasn't there -- people have asked me. why weren't there stocks that's prevented them and i think what happened -- i don't know the answer, but it happened so fast. in seconds that you could have easily gone through the stocks. there literally was no time for anyone to adjust them. >> you have also been doing research on how long this stock could remain halted and it could be halted for a long time. >> there are stocks tha
david faber reporting earlier that they are in negotiations with jeffreys for potential loan of up to0 million. maybe a loan or equities. that's part of the negotiations. we don't whan it is but you can put two and two together. the big issue, of course, was the speed of the move as well as how fast everything happened sxshgt leverage. 50 times leverage. that's 2% margin. just think of that. with $100 you could control $5,000 in foreign exchange. they issued a press release saying they didn't...
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Jan 21, 2015
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carl quintanilla with jim cramer david faber.ck market juggling a lot from ibm, netflix to turmoil in yemen and ukraine. that looming ecb decision. premarket, implied down 50 points. oil in the green. gold above 1300 for the first time since the summer. ten year yields a shade below 1.8. housing starts not too bad. road map begins with netflix shares vaulting in premarket after the company trounced wall street's and its own expectations for the quarter. >> ibm moving in the other direction. after revenue and guidance came in below what analysts had been looking for. >> president obama outlining his plan to help the middle class removing tax advantages benefiting the wealthiest americans. >>> first up shares of netflix up sharply in the premarket. the company exceeding its own forecast adding more than 4. 3 million streaming subscribers in the fourth quarter, posting profits that blew past street estimates. during the interview, reid hastings asked for his latest thoughts on the company's ability to reach 60 million to 90 million
carl quintanilla with jim cramer david faber.ck market juggling a lot from ibm, netflix to turmoil in yemen and ukraine. that looming ecb decision. premarket, implied down 50 points. oil in the green. gold above 1300 for the first time since the summer. ten year yields a shade below 1.8. housing starts not too bad. road map begins with netflix shares vaulting in premarket after the company trounced wall street's and its own expectations for the quarter. >> ibm moving in the other...
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Jan 22, 2015
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i'm carl quintanilla with jim cramer david faber at the new york stock exchange. 60 billion euros a monthhow mu the ecb will purchase in assets beginning in march, nearly 2 1/2 years after mario draghi said he'd do whatever it takes to stop deflation. more than the markets expected and futures are higher. oil stable. ten-year yields above 1.9. euro has come down a bit. road map begin is with beginning of qe. markets moving on draghi's news conference. >>> earnings from verizon, ebay and american express, job cuts a deal with carl icahn and more to digest this quart. >> airline results are in. continental getting hit. southwest ceo with us in a few moment. >>> the decision marks waiting for. ecb abouncing bond-buying program to revive the eurozone economy. news conference in frankfurt, mario draghi said asset purchases amount to 60 billion euros a month starting in march, continue until september 2016 lower oil, jim, not inhibiter here. >> no. i thought germans would argue, can't do this now. but that failed. you have some -- our rates are all over the map, i want to be careful -- our rate
i'm carl quintanilla with jim cramer david faber at the new york stock exchange. 60 billion euros a monthhow mu the ecb will purchase in assets beginning in march, nearly 2 1/2 years after mario draghi said he'd do whatever it takes to stop deflation. more than the markets expected and futures are higher. oil stable. ten-year yields above 1.9. euro has come down a bit. road map begin is with beginning of qe. markets moving on draghi's news conference. >>> earnings from verizon, ebay...
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Jan 22, 2015
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. >> before we let you go, the real question, are you going to take a vacation to rome like david faberh the euro at 1.14? >> i don't know if i'll go to rome. that's kind of a depressing government-driven city but you can get me out to tuscany in a heart beat. >> that wouldn't sob bad. >> yeah. >> it's always good to see you. >> thanks. >> good to have you. don luskin of trend macro. >>> joining us live from davos, tweeting even as i speak, henry, editor and ceo at business insider, great to have you from halfway across the world. couple big stories, big moves in the wireless space according to the information google is planning on selling mobile phone plans to consumers and managing calls and data over a cell network. the company is expected to reach deals to buy wholesale access at sprint and t-mobile. according to canada's financial post samsung pursuing a deal with blackberry, despite a space of denials, blackberry shares rallying on that news this morning. let's tackle google first. the journal tries to argue that this is about their global ambitions, beyond search. do you take it
. >> before we let you go, the real question, are you going to take a vacation to rome like david faberh the euro at 1.14? >> i don't know if i'll go to rome. that's kind of a depressing government-driven city but you can get me out to tuscany in a heart beat. >> that wouldn't sob bad. >> yeah. >> it's always good to see you. >> thanks. >> good to have you. don luskin of trend macro. >>> joining us live from davos, tweeting even as i speak,...
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Jan 16, 2015
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you can see the stock plummeted yesterday, halted all morning news pending news, david faber has been reporting that they're putting together a rescue deal that could be worth $300 million. this is a company worth about $700 million that was the market cap yesterday. basically down almost 90% in the premarket after it came out and said it is down 225 million in negative equity. losses from bad bets on the massive spike in the swiss franc after the decision to pull the 120 floor on the euro swiss currency. what happened was that it wiped out positions and led to a lack of liquidity in the market for these foreign exchange brokers like retail. we know their regulator the cftc is looking into it. no word on whether they can be active in what is going on it next. fxcm is not alone. we're hearing about foreign exchange retail brokers across the pond, insolvencies in the uk. others in the u.s. like gain capital down even though they told us earlier they profited yesterday from going the right way on this bet and important to note here, michele, retail is a very small slice of this market. f
you can see the stock plummeted yesterday, halted all morning news pending news, david faber has been reporting that they're putting together a rescue deal that could be worth $300 million. this is a company worth about $700 million that was the market cap yesterday. basically down almost 90% in the premarket after it came out and said it is down 225 million in negative equity. losses from bad bets on the massive spike in the swiss franc after the decision to pull the 120 floor on the euro...
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Jan 21, 2015
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i'm david faber.ted to update on a report wes just brought to you from dominic chu regarding that move in amazon. a lot of the move seems to have come as a result of a twitter posting from something called zozo trader in which it was pos itted the activist investor carl icahn would soon announce a large position in the stock and a plan to try to gets the company to break off its amazon web services business as a separate entity. what i can tell you at this point, again the stock did start to move on that twitter posting by this particular account on twitter, what i can tell you is, that according to my sources, there is no position whatsoever at icahn associates in amazon. no ownership stake at this point in the company. and it didn't make a great deal of sense, given you have a large ownership stake, of course, of jeff bezos. you do not have special voting rights, i don't believe, but an 18.3% stake owned by mr. bezos. more as well by his family. so you would immediately have at least the potential t
i'm david faber.ted to update on a report wes just brought to you from dominic chu regarding that move in amazon. a lot of the move seems to have come as a result of a twitter posting from something called zozo trader in which it was pos itted the activist investor carl icahn would soon announce a large position in the stock and a plan to try to gets the company to break off its amazon web services business as a separate entity. what i can tell you at this point, again the stock did start to...
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Jan 5, 2015
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i'm david faber. we're live from post nine. carl quintanilla has the day off.et's give you a a look at the markets and oil. they are linked it would seem. we have fairly broad selloff on the s&p, down over 1%. wti dropping below 51. that's been part of the story this morning along with the strength of dollar versus the euro. let's give you a look at oil. do we have that for you? right at the bottom, $50.83. >> let's get to the road map. yes yes, oil threatening to fall below $50 a barrel. >> and which retailers were the biggest winners and losers. >> and why today is a crucial day for the big banks. and tune in tonight for the premiere of the cnbc documentary marijuana country, the cannabis boom. we're taking you inside the booming business. that is tonight at 9:00 p.m. right here on cnbc. later we'll get you you a sneak peek. >> for so many oil is front and center hitting fresh 5 1/2 year lows. $50.65ed about so that could we soon be looking at a four handle on the price of a barrel of oil and what does it mean? david kelly and breyian reynolds joining us. tha
i'm david faber. we're live from post nine. carl quintanilla has the day off.et's give you a a look at the markets and oil. they are linked it would seem. we have fairly broad selloff on the s&p, down over 1%. wti dropping below 51. that's been part of the story this morning along with the strength of dollar versus the euro. let's give you a look at oil. do we have that for you? right at the bottom, $50.83. >> let's get to the road map. yes yes, oil threatening to fall below $50 a...
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Jan 13, 2015
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i'm carl quintanilla with jim cramer david faber. got some between numbers. csx reports tonight.il crummy as usual. got down to 44 1/2 almost. ten year right around 1.9. china trade was amiss and uk inflation at a 14 year low. stocks pointing higher as earnings begin to roll out. different story for oil fall to go merely a six year low as opec says it will not change its drought put strategy. >> and speaking of earning, alcoa did top expectations. what the ceo has to say about their fourth quarter results. >> plus why credit suisse thinks iphone sales could drift stock to 130. but stocks look to end a two session losing streak. oil back down below $45. oil minister defending opec's decision into the tonot to reduce output. brent around 45 as well. it was said it's not about whether the price hike will come, it's about more the timing. >> all i can tell you is that other countries and other continents are starting to react positively. getting better feel from china. europe we're hearing better things because of the oil tee decline. india we're starting to get a good read. the calv
i'm carl quintanilla with jim cramer david faber. got some between numbers. csx reports tonight.il crummy as usual. got down to 44 1/2 almost. ten year right around 1.9. china trade was amiss and uk inflation at a 14 year low. stocks pointing higher as earnings begin to roll out. different story for oil fall to go merely a six year low as opec says it will not change its drought put strategy. >> and speaking of earning, alcoa did top expectations. what the ceo has to say about their...
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Jan 6, 2015
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i'm carl quintanilla with sara eisen, simon hobbs and david faber at the new york stock exchange.ing in the markets. dow trying to make a stand up 35 points. oil has been weak early in the session down to $48.47. the real news is going to come in a moment when we get ism. >> let's start the road map. live from cs in las vegas. ford ceo mark fields will join us live with a look at tech behind the wheel. >> the ceo of broadcom tells us how they are powering new smaller top boxes for tvs. >> the keystone pipeline in focus as the new congress is sworn in today. we'll talk to senator john hoven who is sponsoring the bill. >>> here we go ism nonmanufacturing, service sector recent read of december expecting 58 survey says 56.2. last month stands unrevised at 59.3. keep in mind last month at 59.3 was among the top few of the all-time highs. 59.6 in august. highest read the second month after its initial release in 1997. that read was 62. 56.2 disappoints. factory orders are down 0.7, bigger down than expecting. looking for 0.5%. that's the november number. let's dig through the internals
i'm carl quintanilla with sara eisen, simon hobbs and david faber at the new york stock exchange.ing in the markets. dow trying to make a stand up 35 points. oil has been weak early in the session down to $48.47. the real news is going to come in a moment when we get ism. >> let's start the road map. live from cs in las vegas. ford ceo mark fields will join us live with a look at tech behind the wheel. >> the ceo of broadcom tells us how they are powering new smaller top boxes for...
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Jan 7, 2015
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i'm carl quintanilla with davidjim cramer, david faber. rebound of sorts as the premarket is higher. we're keeping our eye on this attack. apparently two gunmen in france attacking a satirical magazine. the latest death count is 12. oil's in the green after closing yesterday at 47.93. we're up to 48.38. ten-year yield climbing just a bit. still below two, right around 1.97. our road map begins with a rally in the markets. coming off a volatile day. futures in the green. adp numbers higher than expected as well. >> jcpenney is feeling the holiday cheer. the stock is up nearly 20% in the premarket. bill ackman is still unimpressed. >> the shooting at a paris office of a satirical magazine has left 12 dead. we'll continue to bring you developments on that. first up, futures up sharply as the s&p and nasdaq look to snap five-day losing st the s&p is in the midst of its second worst three-day losing streak to start the year since at least 1950. oil prices also higher after brent fell below $50 for the first time. ahead of the friday jobs number
i'm carl quintanilla with davidjim cramer, david faber. rebound of sorts as the premarket is higher. we're keeping our eye on this attack. apparently two gunmen in france attacking a satirical magazine. the latest death count is 12. oil's in the green after closing yesterday at 47.93. we're up to 48.38. ten-year yield climbing just a bit. still below two, right around 1.97. our road map begins with a rally in the markets. coming off a volatile day. futures in the green. adp numbers higher than...
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Jan 16, 2015
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again, like david faber had been reported leucadia inks a deal providing cash to fxcm. this right now just over to us right now from leucadia. we'll bring you more but for now fxcm gets its $300 million loan. >> right now the stock has halted. >> it has been halted all day and shares remain halted given what's been happening with the news. it will be interesting to see how that opens up. >> to remind people again about what's happened fxcm caught on the wrong side of the big move the swiss central bank made yesterday that ought the swiss franc up 40% against the euro/dollar and making similar gains. as everybody knows in a business that can be as leveraged with as much carry as there is in fx it can take a move much smaller to wipe out someone's capital position. what's interesting as well is to compare fxcm with a gain capital. we'll have the ceo of gain capital on next hour here. that's just after the closing bell. that's a firm that says it thought it saw something coming with regard to the swiss having to abandon that peg and positioned itself accordingly. >> rick i
again, like david faber had been reported leucadia inks a deal providing cash to fxcm. this right now just over to us right now from leucadia. we'll bring you more but for now fxcm gets its $300 million loan. >> right now the stock has halted. >> it has been halted all day and shares remain halted given what's been happening with the news. it will be interesting to see how that opens up. >> to remind people again about what's happened fxcm caught on the wrong side of the big...
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Jan 12, 2015
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isle carl quintanilla with sarah eisen, simon hawks, david faber.y quick 139 points, as oil took a very fast trip to the downside. now almost to the $46 a barrel. on top of that tiffany warning today the stock falling sharply today as they lower their annual forecast after a decline in holiday sales. a lot more in just a moment. >> but first, let's get to our road map this morning. warren buffett and 3g capital have worked together on big deals before so what could be their next target? we are naming names for you. >>> plus one of the biggest names in retail gives us his reaction to the holiday season. the ceo of caruso affiliated will join us live. >>> we will be speaking with ford's ceo mark field in a first on cnbc interview. >>> coming up later on, an interview with the ceo of eli lilly, john lechleiter. we'll talk about some patent expirations live in just a few moments. >>> the dow down 149 points. goldman slashes its three-month forecast to $41 a barrel. goldman saying west texas crude will need to stay near $40 a barrel for most of the first
isle carl quintanilla with sarah eisen, simon hawks, david faber.y quick 139 points, as oil took a very fast trip to the downside. now almost to the $46 a barrel. on top of that tiffany warning today the stock falling sharply today as they lower their annual forecast after a decline in holiday sales. a lot more in just a moment. >> but first, let's get to our road map this morning. warren buffett and 3g capital have worked together on big deals before so what could be their next target?...
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Jan 23, 2015
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david faber is off today. take a look at premarket. it's not just box making news.arnings from ge mcdonald's, starbucks, a warning from u.p.s. futures are roughly flat. same story with oil. ten-year yields around 1.84. the euro on track for its worst month in two years, below 1.12. more on that in a moment. road map begins with u.p.s. shares down sharply in premarket trade, after cutting guidance around the holiday season. fedex down in sympathy. mcdonald's shares rising in premark on the company's first same-store sales growth in the united states since 2013. and starbucks, record fiscal first quarter results, in line with estimates. chairman and ceo howard schultz is going to join us exclusively on cnbc in the next hour. >>> u.p.s. probably the freshest news, jim, cutting its guidance, citing undere inging underperformance underperformance. they're calling volatility on certain days wider than others and expenses caught up with them. >> yeah. i found this disturbing. they spent a fortune trying to get the holiday season right last year and they failed. and now the
david faber is off today. take a look at premarket. it's not just box making news.arnings from ge mcdonald's, starbucks, a warning from u.p.s. futures are roughly flat. same story with oil. ten-year yields around 1.84. the euro on track for its worst month in two years, below 1.12. more on that in a moment. road map begins with u.p.s. shares down sharply in premarket trade, after cutting guidance around the holiday season. fedex down in sympathy. mcdonald's shares rising in premark on the...
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Jan 28, 2015
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i'm carl quintanilla david faber.for backup in the rough earnings season and looks like apple and boeing will deliver. futures set to bounce after the worst day for tech stocks in three years. oil back on its heels. down 2%. it's fed decision today, ten-year hovering above 1.8. road map,
i'm carl quintanilla david faber.for backup in the rough earnings season and looks like apple and boeing will deliver. futures set to bounce after the worst day for tech stocks in three years. oil back on its heels. down 2%. it's fed decision today, ten-year hovering above 1.8. road map,
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Jan 2, 2015
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she told david faber that's not going to happen. they solidified their balance sheet.0,000 employees. it's so big. >> i think that's a question that a number of people will be asking especially as they watch another ceo who will be closely watched meg whitman when she splits up hp and is this the solution for hp and should ibm follow suit. >> we mentioned in the tease the potential of amazon even. then we started talking about it in the break afterwards. he's the biggest shareholder. >> listen it's always hard to have change in the ceo seat when the ceo is the founder. but i think it'll be interesting to watch amazon in large part because the stock's performance was one of the worst-performing stocks i believe in the s&p 500. but the stock's performance, does this suggest that wall street is tired of his strategy of low profits, high sales. >> in four years i just looked it up margin has gone down by a couple percent. revenue growth went up. those are not good combinations. >> but again he's the biggest shareholder. >> he's the boss. not tony danza. >> there could be p
she told david faber that's not going to happen. they solidified their balance sheet.0,000 employees. it's so big. >> i think that's a question that a number of people will be asking especially as they watch another ceo who will be closely watched meg whitman when she splits up hp and is this the solution for hp and should ibm follow suit. >> we mentioned in the tease the potential of amazon even. then we started talking about it in the break afterwards. he's the biggest...
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Jan 2, 2015
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david faber is off. >> we get the road map for the next 60 minutes. s now a bull. >> will the momentum hold for 2015? >> polaroid trying to compete with gopro with its cube camera? the ceo will join us live. >> let's get to rick santelli. >> let's start with construction. it's older, a november number. november read down 0.3%. we were looking for mere image up 0.3%. we did gain from last month. ism for december 55.5. that's a pretty darn big miss. last month remains 58.7. if you recall month before that at 59 was the best
david faber is off. >> we get the road map for the next 60 minutes. s now a bull. >> will the momentum hold for 2015? >> polaroid trying to compete with gopro with its cube camera? the ceo will join us live. >> let's get to rick santelli. >> let's start with construction. it's older, a november number. november read down 0.3%. we were looking for mere image up 0.3%. we did gain from last month. ism for december 55.5. that's a pretty darn big miss. last month...
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Jan 16, 2015
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i'm carl quintanilla with jim cramer david faber at new york stock exchange.e this morning as goldman and intel bring disappointment to earnings season. currency brokers feeling the first shockwaves of yesterday. dow's down 10 of past 13 sessions. oil higher after the biggest downside reverse fll years, 10% intraday move. and ten-year yield, 1.75 consumer prices for december biggest drop in six years. road map
i'm carl quintanilla with jim cramer david faber at new york stock exchange.e this morning as goldman and intel bring disappointment to earnings season. currency brokers feeling the first shockwaves of yesterday. dow's down 10 of past 13 sessions. oil higher after the biggest downside reverse fll years, 10% intraday move. and ten-year yield, 1.75 consumer prices for december biggest drop in six years. road map
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Jan 30, 2015
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i'm carl quintanilla with jim cramer david faber at new york stock exchange.earnings to get through. oil below $45. and the
i'm carl quintanilla with jim cramer david faber at new york stock exchange.earnings to get through. oil below $45. and the
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Jan 7, 2015
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i'm carl quintanilla with davidjim cramer, david faber.. we're keeping our eye on this attack. apparently two gunmen in france attacking a satirical magazine. the latest death count is 12. oil's in the green after closing yesterday at 47.93. we're up to 48.38. ten-year yield climbing just a bit. still below two, r
i'm carl quintanilla with davidjim cramer, david faber.. we're keeping our eye on this attack. apparently two gunmen in france attacking a satirical magazine. the latest death count is 12. oil's in the green after closing yesterday at 47.93. we're up to 48.38. ten-year yield climbing just a bit. still below two, r
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Jan 27, 2015
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." >>> good tuesday morning, welcome to "squawk on the street" i'm carl quintanilla with david faber hq, courtesy of the snowstorm that has largely spared new york city but hammering much of new england. >> good morning. >> kaycase-shiller home prices out. dow futures down almost 30 on weak earnings from -- 300 on weak earnings from a lot of dow components. big miss on durables a lot of revisions, raising questions about the u.s.
." >>> good tuesday morning, welcome to "squawk on the street" i'm carl quintanilla with david faber hq, courtesy of the snowstorm that has largely spared new york city but hammering much of new england. >> good morning. >> kaycase-shiller home prices out. dow futures down almost 30 on weak earnings from -- 300 on weak earnings from a lot of dow components. big miss on durables a lot of revisions, raising questions about the u.s.
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Jan 22, 2015
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i'm carl quintanilla with jim cramer david faber at the new york stock exchange. 60 billion euros a monthl purchase in assets beginning in march, nearly 2 1/2 years after mario draghi said he'd do whatever it takes to stop deflation. more than the markets expected and futures are higher. oil stable. ten-year yields above 1.9. euro has come down a bit. road map begin is with beginning of qe. markets moving on draghi's news
i'm carl quintanilla with jim cramer david faber at the new york stock exchange. 60 billion euros a monthl purchase in assets beginning in march, nearly 2 1/2 years after mario draghi said he'd do whatever it takes to stop deflation. more than the markets expected and futures are higher. oil stable. ten-year yields above 1.9. euro has come down a bit. road map begin is with beginning of qe. markets moving on draghi's news
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Jan 9, 2015
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i'm david faber along with jim cramer. we are live from the new york stock exchange.ing to have more on the situation involving that french terror suspects or a number of them in a moment. taking a look at futures after the december employment report showed better than expected job creation last month. you can see it's not doing too much for the equity markets at this point. it has been a stronger week for the markets, much stronger than last week.
i'm david faber along with jim cramer. we are live from the new york stock exchange.ing to have more on the situation involving that french terror suspects or a number of them in a moment. taking a look at futures after the december employment report showed better than expected job creation last month. you can see it's not doing too much for the equity markets at this point. it has been a stronger week for the markets, much stronger than last week.
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Jan 14, 2015
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david faber. retail sales for december a big dis disappointment.l in the dow yesterday. s&p looks to open back below 2000 this morning. oil's lower. copper's down almost 4%. miners getting hit. real story is in
david faber. retail sales for december a big dis disappointment.l in the dow yesterday. s&p looks to open back below 2000 this morning. oil's lower. copper's down almost 4%. miners getting hit. real story is in
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Jan 13, 2015
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i'm carl quintanilla with jim cramer david faber. got some between numbers. csx reports tonight.
i'm carl quintanilla with jim cramer david faber. got some between numbers. csx reports tonight.
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Jan 15, 2015
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i'm carl quintanilla with jim cramer david faber at new york stock exchange. whipsaw action this morning, as the swiss national bank abandons its cap against the euro cuts rates. more on what that means. >>> citi and b of a under whelming bank earnings. ppi came
i'm carl quintanilla with jim cramer david faber at new york stock exchange. whipsaw action this morning, as the swiss national bank abandons its cap against the euro cuts rates. more on what that means. >>> citi and b of a under whelming bank earnings. ppi came
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Jan 29, 2015
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i'm david faber along with jim cramer, live from the new york stock exchange. carl is off today.you can see, we are poised it would look like, at least, for a higher open we shall see how we do during the course of the day. that has changed dramatically in recent sessions. crude oil a key. mr. cramer tweeting yesterda
i'm david faber along with jim cramer, live from the new york stock exchange. carl is off today.you can see, we are poised it would look like, at least, for a higher open we shall see how we do during the course of the day. that has changed dramatically in recent sessions. crude oil a key. mr. cramer tweeting yesterda
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Jan 21, 2015
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carl quintanilla with jim cramer david faber. from ibm, netflix to turmoil in yemen and ukraine. that looming ecb decision. premarket, implied down 50 points. oil in the green. gold above 1300 for the first time since the summer. ten year yields a
carl quintanilla with jim cramer david faber. from ibm, netflix to turmoil in yemen and ukraine. that looming ecb decision. premarket, implied down 50 points. oil in the green. gold above 1300 for the first time since the summer. ten year yields a
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Jan 20, 2015
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i'm david faber with jim cramer. we are live from the new york stock exchange.ive you a look at futures now, as we head into the opening of trading for the week though it is of course tuesday. as you see, we are headed for what looks to be at least a fairly higher open crude oil, that can often dictate the way we trade over the last months now it seems, as though. certainly last few weeks. you can see wti down 3.6% right now, under $47 a barrel. how about
i'm david faber with jim cramer. we are live from the new york stock exchange.ive you a look at futures now, as we head into the opening of trading for the week though it is of course tuesday. as you see, we are headed for what looks to be at least a fairly higher open crude oil, that can often dictate the way we trade over the last months now it seems, as though. certainly last few weeks. you can see wti down 3.6% right now, under $47 a barrel. how about
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Jan 23, 2015
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david faber is off today. take a look at premarket. it's not just box making news., starbucks, a warning from u.p.s. futures are roughly flat. same story with
david faber is off today. take a look at premarket. it's not just box making news., starbucks, a warning from u.p.s. futures are roughly flat. same story with