thank you angie. > > let's start by talking about david einhorn.sterday he was talking up and down a number of stocks. he talked up gm, cigna shares got a boost from his comments, and green mountain fell apart. what should investors do when, here's this big hedge fund guy out here talking up and down stocks? > > i think long-term investors absolutely kind of ignore, but for the short-term guys, obviously they hang on every word. and don't think that mr. einhorn may not be taking advantage of some of that tagalong selling or buying - depending on which side of the fence he is - to trim out some of the positions at a better price than he got into. so, he can move the markets, and the big boys absolutely occasionally will take advantage of the fact that they can move them their way. > > i would love to get your thoughts on yahoo. here is a stock that has traded in a range now for a long time. is there any chance of a break-out or breakdown on this stock? > > i absolutely think with melissa mayer being in charge there, certainly she is there to run the

david einhorn making news today in new york city. kate kelly is following that. >> he went through four big ideas, some of which was the short bed on green mountain coffee roasters. he said they're playing out like he expected there and some developments happen faster than he expected. he essentially thinks there's a high likelihood of improper accounting here, but at a minimum waistfsteful spending. his most surprising call, and i talked to him for a little bit after the presentation and he agreed this may have been the most counterintuitive was his long bet on cigna. he said hmos are undervalued right now. people are afraid of them because of obama care, among other things, so they don't want to talk about them. the whole group is trading at a discount. if you actually go through it, cigna is just -- i'm laughing because he just walked by me on the street actually. anyway, cigna is actually better positioned than other stocks. the he cexposure to obama care small so it's well-positioned. i asked him about lulu lemon. he said, liste

dave: david einhorn was shorting one stock but also long enough.nhorn speaks people listen. cheryl: when nicole petallides speaks we listen. the new york stock exchange giving up early-morning games. nicole: at talk to some traders talking about the fact we have been in a narrow range and the choppy market and that is the day today coming close to the unchanged line. dave: apple is in the green. earlier it was in the red and had the $650 mark and was $700. people saw 650 and it won't be this low for long. nicole: people see that as a buying point. people like to bion that and go into that category and they go into that category. cheryl: chipotle diving today but made some bearish comments on the other side and as i mentioned general motors and warren buffett got in a little while ago. nicole: you don't fight einhorn. going against that particular day. the competition is up and general

it is what makes this the place to be and bill ackman and home security last year and dived einhorn, green mountain, you know what's going on there, that is down 70% and we have already heard from the host of this event. you will hear from him ex inclu exclusively on the show. he is going long and might not be surprised by that because of the position but, guys, they're saying that netflix is a better business than amazon. how about provocative or controversial? >> he fulfilled both of those, being provocative and controversy. i don't see it that way. i can understand why he is excited about netflix. you and i talked about this many times. it is all about product and what they can get out there as far as content. they moved themselves on the content when you talk about the streaming into a different direction. going more towards the media of the television market and getting that out there as opposed to paying all of these huge sums of money and getting into a better margin business so it is understandable why a value guy likes the margins getting better and buying the television. >>

>> following up on idea from thursday and want to talk about this david einhorn thing. last thursday at least one or two stocks would get hammer today because he comes out. ashley: they get einhorned. >> is now a verb as he is so happy about the he jokes about that as a matter of fact. but he didn't really touch herbalife, right? the stock was up pretty nice. the stock hit $53.24, up 13% from thursday. we sent alert to take profits. 13% is couple days, that is stuff you got to bank. rest of it let it ride. took his victory lap. he went after another company green mountain. hear is the thing with green mountain. my subscribers are long. stock got hit to 22. stock is upper near the high of the session which is interesting. i think david einhorn got a little lazy on this some rationale for it, we all know starbucks has these new machines. i don't think it is a real threat to green mountain right now. some of the things he talked about are okay, but some of them, i don't know. interesting to me this einhorn stock would make this sort of big-time, at least percentage wise re

either way, einhorn short cmg.ast year, revealed a short of green mountain coffee roasters. >> investors tuning into sirius xm. >> bank of america merrill lynch initiates a buy rating, now is the time to buy the stock, think that a change of control fully delivered to the media may be more likely in the sooner than the later and that would allow more time to add -- bottom line, i will move on. bank of america, merrill lynch, like sirius, now is the time to buy the stock. >> big headlines coming out of the oracle open world conference today. >> shares down a little bit. they were up today. here is the deal, mark heard, the president of oracle telling our own maria bartiromo on closing bell that oracle continues to win business even in a difficult global economy and another huge interview coming up today. go now to maria, who is in san francisco, where shebl doing an extremely rare interview with larry ellison in a cnbc exclusive. awesome get. larry should be exciting. >> hey, thank you so much, brian, mandy, good to

einhorn says he's long that stock. look at that pop of 1.6%. ahead. turn an entrepr. ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a

it's steven einhorn's family foundation. who is he?fund manager on the milwaukee board, used to be on the board of milwaukee repertoire theater, even treasurer for think tank, and a major donor. they donated maximum $5,000 to mitt romney's campaign. his wife gave more than $5,000 to paul ryan and more than $30,000 to rnc and gave $50,000 to republican governor paul walker. last week clear channel took down the billboards. but why would they want the signs up in the first place? quote, perhaps chicago public relations firm could answer why the einhorns only felt it necessary to target legal voters in minority communities and why they didn't feel the need to do this public service across wisconsin where a majority of residents are white or put their names on it rather than hiding behind the cowardly veil of anonymity? a great thing about this country is you can do whatever you want with your money. and as i showed, he's given money to many cultural groups but now this, this is what he decided to spend money on? since president obama took

let's go to david einhorn. i am wondering if he is resting on his laurels.rted to turn back of. if he likes general motors for reasons i don't like it but chipotle mexican grill. one of the things he doesn't like is he thinks taco bell is coming back. i still don't think taco bell is in the category -- [talking over each other] charles: interesting thing is. obamacare is a big head wind because they have non-union workers. an interesting political comment. and concerns about undocumented workers. and why should that affect the value of the company. stock took a big hit on an earnings disappointment and made a big bounce and looks a little vulnerable but the einhorn magic is not working to the degree it used to be. tracy: more people would choose to eat their van taco bell. >> probably serves beer. major retailer announcing holiday hiring plans. a darker story behind those numbers and elizabeth macdonald is here with the bottom line. liz: we do see holiday sales growth expectations rising 4%. beating the ten year average in retail sales growth expected this c

einhorn is also highlighting the rising expenses, the company's inability to pass those costs on. is that a real squeeze on margins? what about that? >> i don't think so. look, in terms of passing on costs, every retail in america has to deal with the fact of passing on prices. it's not unique. it's not also something not unique to taco bell as well. margi margins-wise, i think they're doing fine. i think as people go through it and sample the menu, they see the difference between taco bell and chipotle. they're going to choose chipotle. taco bell will never be fresh mex. the food to taco bell is delivered off of corporate trucks. chipotle mexican grill is sourced locally. no antibiotics in the meats. better corporate culture. in terms of the stock price, no stock price, not the market, you know, maria, nothing moves in a straight line. we increased one of our positions by 50% today in chipotle right on his comments. david's a nice guy. i hope it works out well, but he may lose a lot of money on this call. >> all right. we'll be watching. we're happy you're here to provide the oth

. >> running out of momentum since david einhorn called the stock an attractive short.been falling 20% since october. the comps were up by 4 or 4.5%. for a company used to delivering double digits, it's unacceptable. >> you talk about these stocks all the time. eventually when that finally runs out, when you don't produce what you've been producing and this is something einhorn talked about. he talked about the rapid rise in the stock price. just a dramatic run in the stock. up over $400 a share. this stock was well ahead of it. then brought up health care issues. taco bell was the biggest thing. >> headline of his thing was this new cantina was going to eat into chipotle's bottom line. they are being hit with input costs. they are feeling effects of the drought that we saw throughout much of the summer. corn going through the roof. they say they are not yet ready to raise prices, menu prices but may be forced to. they are realizing the reality of what they are facing. >> when you are slowing to the low single digits as far as growth people will compress a stock that wa

store, has been moving higher and those comments today from einhorn certainly giving it a boost. >> phil lebeau, thank you very much. >>> politics now, president obama and governor mitt romney putting the finishing touches on their preparation before the big debate tomorrow night but will the debates make a big difference? brand new nbc news/"wall street journal" poll released just this minute looks at how closely people will be watching >> eamon javers in washington now with the latest. >> the stakes did just get a little bit higher for those debates in the presidential level this week. take a look at these results now from the new nbc news/"wall street journal" poll which we can bring you. the question asked to voters how important is the debate in picking a president? 38% staying is extremely or quite important. as you can see, that's higher than the respondents said in 2004 and in 2000. that's an interesting number but also interesting the folks who said it was somewhat or not at all important at 62%. that may be an indication that a lot of people in this country have already made up

what do you think -- david einhorn essentially tanked the stock.ccurate or created a buying opportunity for other people? >> i think it's a buying opportunity. i think that expectations going into the corp. at 5%, sales growing, very realistic. our techs came in solid, and actually think we'll have at least a 5% comp for the quarter. >> tell me about that. what do you do for the channel checks? what did you find? >> absolutely. you know, we do checks about 10% of their u.s. stores, geographically balanced way to merit the store concentration, we do it 2008 a quarter, and found there was little impact from the tea -- taco bell. things people have not emphasized enough is the marketing spent in q2 before the stock tanked was the lowest level since 2008. we're going to have the highest marketing spending q3 of this year since going back to 2008. that's going to help. >> so you have been doing homework, but you still have questions. what do you ask on the calls? >> well, the first thing is that i'd like to get a lot more clarification on the impact fro

it's getting hit today, but earlier this week when david einhorn soured at the name.bout 4.3% or $11 -- $12.60. down about 11.5% for the week. rough week for chipotle. back to you. >> cover the kids' ears. "sesame street" is now a political football. mitt romney shot at funding pbs at wednesday's debate. >> today, president obama took it on as well. >> for all you moms and kids out there, don't worry, somebody is finally getting tough on big bird. rounding him up. elmo's got to watch out too. governor romney plans to let wall street run wild again, but he's going to bring down the hammer on "sesame street." >> i know everybody wants to be sympathetic to big bird and to "sesame street." i love the product. it was started the year i was born. >> thanks, bring that up. >> why does taxpayer money need to go to a product that is clearly so profitable? they have toys. they have games. they make money from licensing and revenue. why do taxpayers have to subsidize that? as a stand alone business, "sesame street" will do just fine. >> doesn't the profit from all those toys go

david einhorn last week shorted chipotle, but the chain has a large exposure in california and a devoted following. >> chipotle is incredible. all organic. >> better ingredient. >> what change i would make to chipot chipotle? i would get bacon for the burr receipt snows. >> my family and friends eat at chipotle, they got me onto t. >> yes, all that's missing is bacon in the burritos. duncan and mcdonald's are at risk, believing both had a slow down in same-store sales for q 3. they expect that to continue in the fourth quarter and the perhaps beyond with tough costs. and then this eye-popping line, guys you can goldman thinks the outlook is better for casual dining chain like cheesecake, citing "lower food costs." yes, simon, it says lower food costs here. i haven't seen that line in a while. back to to you. >> no, jane. we should mention alcoa, of course, also reporting tonight. >>> to housing, sales are up. we know prices are up and mortgage rates are also at record lows but what about the overhang of foreclosures in housings? questions about appraisals and whether, of course, credit a

." >> we want to point out the hedge fund manager david einhorn is speaking at the buttonwood gatheringpolicymakers, bankers and regulators now. this is a live picture. we're going to be monitoring his comments for any market movers. even if it doesn't go well for him, don't feel bad. he was short chipotle which has just been a disaster over the last week. >>> first, what's getting the most buzz today on twitter? seema mody joins us with your tweets. >> we talked about it earlier in the show. twittersphere is reacting. could apple miss earnings? let's get to the next one. some traders not so sure. m. bentley says he's staying out of apple shares today tweeting it's a gamble today. nobody knows if apple will, in fact, miss. michelle, traders, what do you think is driving the negative sentiment around apple earnings? guys? >> joe? >> the negative sentiment surrounding apple earnings. i think a lot of it has to do with the expiration cycle that we've talked about with john and pete najarian in september and both october. i think right now there's really no known catalyst. the known element

david einhorn made a big tale out of it yesterday. c do you like it? >> we're pretty sanguine towards the managed care group in general. i know that's not the common view because if obama wins, the view is hospitals up, managed care down. but our view is longer term. we like cigna, but the one that i really have a soft spot for is the 800 pound gorilla, which is united healthcare. and the reason i think that way is that in the dna of this company is a commitment to lowering costs and improving outcomes. and if you were to ask me what are the two issues that have to be most addressed for the next many years, it's throttling back the rate of health care inflation and yet not forsaking good quality patient outcomes. that's really the corporate mission of united healthcare and i don't see how they aren't a player at the table with that being the backdrop over the next many years. >> chris jenner, thanks as always. appreciate it very much. >> thank you. >>> brian kelly, what's your health care trade today? >> i think in this area, you want to look at some o

. >> tyler, david einhorn, the well known hedge fund manager, just finished speaking at the economist buttonwood gathering about his view on qe. essentially he hates it. he thinks the qe is slowing down our economy and that essentially what we need is a complete reversal of the current monetary policy. he spoke how briefly reducing rates to 0% may have been the right thing to do over the recession but over the course of years it hurts savers. finally he said while he thinks a reversal is needed, he makes the caveat it has to be done carefully and with the proper messaging because if done too abruptly, it could blow up derivatives books. >> kate kelly, thank you. >>> back now to the uncertainty over the fiscal cliff as it overhangs job creation. we notice this trend recently as companies report earnings. they're also announcing some big job cuts. today colgate laying off 6% of its workforce. 2,300 positions. yesterday dow chemical, 2,500 jobs. dupont plan 1ning 1,500 cuts. in a reuters article today, moody's says we think it is going to be a difficult six to nine months, if anything co

one thing we haven't talked about is einhorn's conversation yesterday.e did move some names yesterday. >> gm is tough for me because the numbers are obviously dismal. chipotle has been on "mad money" many, many times. when i asked directly the cfo is yum hurting them, this is the revitalized novack-led taco bell. he says they are there for an inexpensive meal, let's not call it naturally organic, and there's no real overlap. don't really care about whether yum is taking shares or not. chipotle is expensive. if they don't shape up, the sto back to where it was. >> update from hewlett-packard, up almost 1%. ceo meg whitman expected to perhaps outline a strategy for the company, what she sees ahead. we'll monitor the headlines. right now it's an update at least for shares of hugh let. >> i'm not a buyer, dell, hewlett-packard, these are just -- these are just data general. >> is there a possibility of financially engineering a turnaround in hewlett-packard? that idea was floated around by isi a couple of weeks ago, splitting into the higher growth business

growth will cool in 2013 at chipotle and earlier this month, da david einhorn said it was an attractive short saying it will face significant competition and additional costs. >> by the way, he may be right that the stock should go lower -- >> have you ever been to chipotle? >> all the chipotle. but he said they're supposed to compete with taco bell? his argument was taco bell was the stronger competitor. >> i do love taco bell. >> i love taco bell, too. >> but did you put them in the same category? >> they're both mexican. they're both kind of -- are you allowed to say gringo? i think it's he a negative for me. but they're both still versions of gri this. gringo, of what we think is mexican food. >> let's get a check on the markets. futures a little bit in the red. not major declines, but the dow futures down by about 16 points. s&p 500 off by about three. nasdaq down by about 12. in europe, similar sort of moves. france cac done by 15. dax by 34. in asia, you saw these markets ending mixed. hang seng up barely. oil prices down about three cents. the ten year note is yielding 1.# 1%. d

continues to show signs of an uptick and you mentioned david einhorn in terms of the khcantina bowl froaco bell stealing shares from tmg. sales for taco bell were strong thanks in part to that and also the well-known and well loved apparently doritos shell taco. >> the execution has gotten much better. i tend to actually gravitate far more from taco bell to maybe you do, too, to chipotle although i have taco bell. kentucky fried chicken remains to be a standout, still a family staple but it is where you get married in china. >> it is. >> seal of approval and they don't like dying from their food there and kentucky fried chicken has proven to be an antidote to that. >> they've got an all-day menu in china, they have breakfast offerings that get people into the kfcs, they sell a lot of local chinese items for breakfast, for instance, and they sell burgers which they sell a lot of at the kfcs in china. >> are these a reflection of chinese consumer demand, in other words these significant issues in same-store sales in china? what is this reflective of in terms of the population in the count