doug kass joins us now on the line.rethought any of your thinking now that you had that one on one directly with the oracle himself? >> no, i haven't. i feel as strongly as i did before. the stock was up only about 1% in a very strong insurance take despite bet he than expected numbers after the close on friday. which benefitted from low catastrophic experiences in their insurance gains. >> part of your thesis, obviously, is that there is only one warren buffett. if he's out of the picture. if he decides to retire, something like that -- >> that's correct. >> then you have an issue. what about something like a jamie diamond? now he seems to be j.p. morgan. do you have the same type of view with that stock? >> no. not at all. jamie doesn't pull the strings that warren pulls, both with regard to the invest. portfolio and buying companies, preferred with attached warrants. >> that was jamie diamond. >> yeah. jamie doesn't pull the strings. >> will his successor actually have access? will they be the investor of last resort

we're also going to hear from doug kass. he's going to reveal the big reason that he thinks that stocks are about to turn over. it's a big call. you don't want to miss it. 1:00 p.m. eastern, scott. back to you. >> thank you. see you at the top of the hour on cnbc.com. >>> meantime, take a look at the nasdaq. briefly went positive wiping out a 41-point loss. there it is down by about five points. it tells the story at least helps to of what this market day has been like. down day at the open but stocks are going positive as we came on the year today and now fighting for that level. shares have jumped 50% over the past year. but will earnings tonight derail the retailers rally? we're talking about the gap in our trader split over that game which means we're going to debate it, next. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build

i want to hear from doug kass, as well. he's the big bear on all this. >> he's the new addition to the panel this week. >> he watched the show, e-mailed us and -- >> the whole thing happened and i've had to read it. i had 15 e-mails a day that's -- it's the best thing that's ever, ever, ever happened to doug kass in his entire life and he's going to make it. anyway, good luck. we'll see. >> he could possibly have some good poin he's been short on the stock for a while. he's been writing a lot about it. >> is he just going to call when the market is up 10% from the lows. >> he did call a generational low. >> and then, negative again, every day i get a thing i'm still bearish for the last eight months. then the original one was up ten -- >> i think he's going to add a little bit of spice to the meeti meeti meeting. >> i missed the ross westgate and kelly evans things. what was that? she got flowers at the end. i don't know what was happening. >> that was not a commercial? >> no. i don't think so. maybe the part where they wer

we'll be joined by the one and only doug kass. 1:00 p.m. eastern.uresnow.cnbc.com. >> did i mention we like debates on this show? because we have another one coming up later. coming up, the trade on joy global. shares are higher after reporting this morning. but one of our traders is not jumping on the bandwagon. i thought the gloves already came off but it says they're going to come off again. the financials have been money in the bank so far this year. can that momentum continue? bank of america steven suttmeier is going to join us. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting t

my colleague on realmoney.com, doug kass is going to be there playing the house bear this weekend, invitedy warren himself and becky quick, to be the devil or play devil's advocate to the minions who justifiably adore. we want to hear what doug has to say, but we're huge bulls in the stock. and on warren. yet we also want to know if this is a good entry point ahead of the meeting, or perhaps we should wait for a pullback after it. often berkshire is thought of as a mutual fund and nice stock package. but collins thinks the truth is very different. i've got to agree. in the past when berkshire only offered one class of stock, the thinly traded a share that sells for $159,000 a piece, you couldn't get much out of the chart. i remember it was $200 when i started at goldman sachs, but thanks to the introduction of berkshire class b shares that sell for $106 a piece now and trade like a normal stock, collins says the chart can tell you something meaningful. and when collins looks at the chart, he thinks there is a chance you can get hit with a small pullback at berkshire hathaway, maybe after t

doug kass gives us his big lesson investors. correction ahead.head out with a warning while she thinks the bulls may be running for cover. we're tapped into post game analysis with bryan kelly, steven p grosso. we want to set the record

and don't forget to tune in in 30 minutes' time from now, we've got doug kass on the show.e've been bearish for some time, but is he finally ready to throw in the towel on that trade? we'll find out. 1:00 p.m. eastern. it's that easy, guys. see you then. michelle, back over to you. >> looking forward to it, thanks. >>> from autos to media to solar stocks, we'll tackle some of the biggest movers of the day in our edition of "pops & drops." >>> but next, first on cnbc, goldcorp's ceo, chuck jeannes. we're going to be right back. >>> we're halfway through the trading day. next, citigroup, sales force, soda stream? what aren't we covering? google, gold, green mountain? we want to hear from you. tweet @scottwapnercnbc, and the judge will give your stocks to the jury. next on "the halftime report." ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles

. >> doug kass says he thinks when the s&p 500's yield matched that yield of the ten-year, that's what triggered this sell program. and certainly, it feels like a program, given -- >> the intensity of the selling. >> -- the intensity and the fast move that now we're down 80 points t s on the industrial average. take a short break, then it's a tale of two home improvement stocks. which would improve your portfolio if you bought it right now? we'll check it out. >> and also, did you know, china now owns amc theaters. why some fear that could have many unintended consequences, which we will explain, later. ic. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. made a retirement plan, they considered all her assets, even those held elsewhere, gi