they said when. >> david tepper makes. >> a huge call. >> he's very good and not very. often that. >> he makes a huge call like that interesting to me. the stock continued to go lower. >> this is. >> a. filing that. >> ends as. >> of december 31st. >> right. so the stock went down from 85 to 80 and wouldn't be shocked if he added some more. i mean, if he loved it at whatever price, he loved it at 80in the bottom. so i. >> don't know. i like it. >> i think it's i mean, it's. still ridiculously cheap, even. >> with all of. >> the, you know, warnings about it being a big chinese company. >> yeah. >> it's interesting, though, that their consumer facing names. right. so you talk about this consumer that's had a difficult time in china. and then i look at a wynn resorts and they get half their sales from macao. and that thing went up the way all those other things did in september in a straight line. and now it's down about 27% from there. and so this has nothing to do with stock picking. it's just kind of interesting that you would think that that would have had some of the

plus boosting his bets on china and the stocks that billionaire david tepper is putting his money behind. we'll have much money benice to meet ya. much more on that story coming up my name is david. i've been a pharmacist for 44 years and i'm from flowery branch, georgia. when i have customers come in, i recommend prevagen. number one, because it's effective. does not require a prescription. and i've been taking it quite a while myself and i know it works. and i love it when the customers come back in and tell me, "david, that really works so good for me." makes my day. prevagen. for your brain. increasing. at franklin templeton, we're expanding access to the growing opportunity in private markets, offering the potential for greater diversification and enhanced returns through our world class specialists, investment managers. we are empowering. advisors with solutions. >> to. build the. >> portfolios of the future today. alternatives by franklin templeton, your trusted partner for what's ahead. >> 16 million americans suffer from chronic back pain, the sixth most costly health condition

this week we learned that david tepper's buy everything china bet just continues to pay off appaloosa boosting its holdings in. chinese stocks and etfs in the fourth quarter. and the company caught the deep sea bounce back in january. and a note this week, goldman sachs is adding that hedge funds they've been snapping up chinese stocks throughout the year making them. and this is a quote the most notionally net bought market. i want to get your take on this. what's your view? is this buy everything china strategy. is this a sustainable strategy? we've seen a lot of ups and downs when it comes to chinese equities over the years. >> yeah it's. >> a good question. we at global. >> x we highlighted. >> china as a top contrarian investment. >> for our. >> 2025 outlook. >> and that's really based. >> off of. >> low positioning. >> discounted valuations and incremental signs. >> of government support. >> really all. >> driving positive signals for the market. but however when you think about it. i think. >> the buy everything. >> china strategy is more of a trade. and that. >> there are. >>

talking about baba and trading summer in the 90s and looks great on chart and technically ready and david tepper came out and fully long china and helping that whole sector. i went long today. there's a risk reward setup heading into earnings next week. liz: taking bets on china and looking at global picture. what looks good to you? >> so we are tactically long europe and caught the whole move that happened basically in january. going for the tactical call and the market is very, very underweight and short europe and couple of catalysts and basically it's a german election and things could change and signs of green chutes and manufacturing globally and germany for example going to be exposing the manufacturing than the u.s. is. the same manufacturing and breaking about 50 going over late with the german manufacturing and they're both moving up togethers. >> levels are different and telling you it's the same driver and maybe it's the beginning of the lifting of this funk for global manufacturing for two and a half years and that's going for them on the pandemic. nothing more than that. liz: we go

. >> china stock is having a good outing some reports that david tepper has increased everything tradeld's top fund managers what people were describing as an economic bazooka he said you have to load up and he loaded up and everyone followed you can see the arrow spike to move within the trade absolutely collapsed over the next three months almost 50% a little bit of renewed momentum, betting on china has had mixed results for american investors in american companies which have had to look the other way. the human rights violation of never got away the continued theft of technology has never stopped but you have companies that are been willing to accept all of this, starbucks, nike i look at their shares since they went big trying to lower chinese clients and consumers in the stocks have not fared well at all. apple is losing market share, last year went out to number five, then i gotta tell you the curious case of estÉe lauder they lost $100 billion and market value just in the past three years since they made their big bet on china but recently the stock has collapsed. i would've br

some of the largest investment managers in the world, family offices and otherwise the likes of david tepperaloosa, which has filed its 13 f and carl had pointed out earlier this morning the k web was a big winner. names like alibaba and baidu and didi and jd.com. i mentioned those names specifically because it looks as though mr. tepper has increased his positions in china as it relates to china and technology. and you remember that now famous interview from squawk box, where he came on and essentially said, buy everything china related. that's me paraphrasing it. >> more than he did. he say he. >> said everything. he said everything. okay, >> etfs. >> i would do futures, everything. okay. so apparently he's putting his money where his mouth is and he continues to do just that. so what you you know i think so smartly referenced a little while ago carl the change in time from when china was viewed as uninvestable to a real moment in time, where tepper came on our air and said, no, in fact, it is very investable and buy everything now. he is a continued believer in that story there, despite w

of course when i say steph, a famed investor, is doing both i'm alluding to david tepper who's 13 f came out today and it was really interesting. he his increasing his china tech holdings and he's taking down a little bit his mega-cap us holdings in those stocks i guess is best, said meta and amazon. he cut both of those, but a big lean into that trade that he really liked in mega-cap. i mean, in in china tech, what do you make of it? >> well. >> i think. >> that china technology and. >> china in general. >> has underperformed the markets for the last several years. >> if you're. >> taking a bet, though. >> on china tech, you. have to. >> expect volatility. >> scott, because the transparency. >> is really not great for all chinese pure. >> play companies, not. >> just tech, by the way. the disclosures are. >> not as. >> robust yet. that said, the. >> stocks are extremely cheap. >> so expect volatility. i mean. i think you can. >> find other technology stocks that have lagged. >> here in the us. >> multinational companies. >> within technology. >> but obviously. >> he he believes. >> very

and you know, david tepper, we talked about it yesterday and they asked him they the morning show, are you concerned about china? and he said my concerns about china, my hedges i don't care. so he's sort of guns blazing. and we said it last night. you get through 118 and alibaba which i think we will. and you're talking uncharted territory. this stock to me is still about 30% too cheap. >> 118 the key. >> you know well baba looks better than apple on its chart which is kind of curious. i do not want to chase momentum in this environment though, so we can't look at baba in a vacuum. if we did, it would be a buy because it has a short term breakout, a long term basing phase, whereas apple it feels like it has another wave lower to it to this longer term uptrend. so baba is more attractive. but i think in this environment we want to always wait for the pullback. >> coming up. just three weeks in and there have been a lot of announcements coming out of the white house. what it could mean for the economy long term when for the economy long term when fast money ret only servicenow connects e

tech names contrast co two and tiger, with what we saw in appaloosas filing earlier this week, david tepper's firm bumping its exposure to several names in chinese tech, including a stake in alibaba worth more than $1 billion at the end of q4. alibaba also brought bought more of jd.com or sorry, appaloosa bought more of jd.com, baidu and b of a noting in some research today that since january 20th, chinese big tech baidu, alibaba, tencent, xiaomi are up 22% versus 0% returns for the mag seven. the mag seven, however, is 17 times bigger in combined market cap and has, of course, had a better run over the longer term than the chinese tech peers. the deadline for 13 f filings later this evening, so we'll keep on monitoring as they come out over the next few hours or so. scott. >> all right. you give us a heads up if you see anything interesting that we need to know about always. thank you. all right. we appreciate that. let's bring in now of jp morgan asset management and kevin gordon of charles schwab. it's good to have you both with us. let's just play off first the tech conversation that we'v

this is one of the names that we know that david tepper has increased his bets on those shares, moving up just about four and three quarters of 1%. intel, dexcom and tesla rounding out the top five. we look at the laggards as well right now on the nasdaq 100. taking a look at other earnings mover to the downside. this time palo alto networks those shares moving about 5.5% lower. investors just not liking the guidance they offered. applied materials globalfoundries on semiconductor and lam research rounding out the bottom five. also want to look at the us and india reaching a new trade agreement during the indian prime minister's visit. and right now we're going to take a look at some of the countries, the etfs representing the countries that are involved in the active tariff discussions right now, the indian etf, the india moving about 1% lower, the chinese etf, the mci moving over 3% higher upside moves for the canadian and mexican etfs as well. and a quick check of the bond market yields moving lower on that tariff. news. the benchmark right now coming in at 4.52. it actually hit ove

david thank you very much. let's get back to the inflation if report. consumer prices up 3% in the last 12 months. mark tepperns me now. mark, that doesn't get to the core rate, which was expected to go up 3.1%. it went up 3.3%. that's the one that the fed looks at. >> yeah. but let's pump the brakes on this reaction that a we're seeing so far today because when you actually dig a little deeper into what happened in this report, a lot of this that has to do with what they call the january effect, the residual effect. so there were some downward revisions in the second half of last year, and that causes this one to come in a little hotter. one of the things that i saw happening around 8:30 this morning on x is the democrats were taking a victory lap. they were calling this trump-flation, blaming trump's tariffs that could possibly -- david: trump wasn't in control for this report! >> yeah, what, 10 days maybe? look, on the inflation topic, when you look at all a items that would, could potentially be negatively impackaged on -- impacted by inflation, they were all down. household furnishings, -0.2%, appliances