jim goldman reporting eric schmidt the ceo of google recently resigned from the apple board. there are reports in fact steve jobs is present. intraday high but also a 52-week high. this is a stock that over the past six months that is more than doubled. certainly high expectations for apple. we will dissect the entire trade tonight on "fast money." >>> time for your trade to go. >> we've been very cautious about concerns for new government regulation in the space. they are increasing their power. they made an announcement that the field was three times tleef its reserves analysts priced in. at a time oil's going higher, we talk about the dixie, this is an em bellwether. you can't fight the tape on this one. if oil goes higher, they're going higher. the valuation is significant and the fact they are clearly on side with the government now is part of the change in this story. >> that does it for us here at the "half-time report." we have up next analysis and reaction to the $20 billion ten-year option. >>> we have a terrific show on "power lunch." any breaking news that comes f

and so we have a little free advice for eric schmidt. take a look at the possible acquisition candidates. open text, blackboard, and if you're really feeling good, "the new york times." >>> we'll be right back. >>> tomorrow on street soins quig and squawk on the street, one of the legendary experts julian robertson, he said two years ago that we were in for a doozy recession. we'll hear what he has to say tomorrow. it's time for the "closing bell." >>> and the rally keeps on churning higher. as we enter the final most important hour of the trading day. there are the people on the floor of the new york stock exchange. once again, the market on the upside. hi, everybody, welcome to the "closing bell." i'm maria bartiromo coming to you live from the lobby of the sheraton. we have a number of people coming op the program in the next two hours from the clinton global initiative, looking at the global economy, inflation issues, as well as market activity and money moving around the world. we just heard from ben bernanke and company and the res

stoll berg, white house correspondent new york times, jeff zeller in, covers the white house and eric schmidtl security issues. cheryl, let me start with you, you did this piece this week, you talk about the conventional wisdom being wrong on health care, ross dout had hat on a moment ago, saying the obama effort reminded him of 1994 tell why the conventional wisdom of this thing is headed for the graveyard as well. >> i think a lot of people thought coming out of august and these raucous town hall meetings this was dead in the water but in fact, a lot more progress. i heard ross talk about the speech the other night reminding him of the clinton speech in '946 '94678 on capitol hill, four out of five coast passed legislation, very important players still at the negotiating table, a pharmaceutical industry, the hospitals, the doctors, even the insurers, although they oppose the president a's call for a public option, are still there. the president has the numbers, democrats control the house and the senate and they spent the day yesterday with moderate democrats that is the group that the pres

and eric schmidt has told me mobility is one of the major growth engines for the entire industry. there are 4 billion cell phones in the world versus about 1 billion pcs. is mobility a place that you see potential for big growth numbers? >> i think so. i think in the future, mobile will become a main way of internet access. we're more than double the number of mobile phones in china than there are internet users. so we think as it's being viewed out, there's healthy computer competition in china. we'll see better and cheaper internet access from mobile phones, and we will be able to benefit from that as the largest search engine in china. >> what about the 3-g network? how soon does that happen? >> it is happening, i think all of the carriers, china telecom and china union i com investing aggressively in the infrastructure. because they compete with each other. they are eager to build out the network ond sign out to customers and users and find key applications. search is the most fundamental, most needed application in the internet age. and it can make money. it's got a beautiful

eric schmidt out in pittsburgh said in his words, acquisitions are back on. apple, another 52-week high. the stock up 2% today. research in motion reports its earnings after the bell tomorrow. it's up 3% ahead of that. dell, meantime, is up 3% as well. the price target taken higher by a couple of terms today. gart talking about pc shipments improving in the fourth quarter. yahoo! is up better than 3% as well. reiterated by over at citi. xilinx is up 6%. raised their q2 outlook. that gave a lift to the overall chip space, like intel, up better than 3%. you're really seeing where the strength is today in the nasdaq. it's no those widely-held large-cap technology stocks throughout the semi conductor index as well. i'll show you that the soxx is also up. >> how much longer can dollar weakness keep these oil prices at this level when we have so much supply out there. today traders got another glimpse at just how much supply is in the u.s. stockpiles. we're looking at crude that fell today nearly #, because of this inventory report we got today from the energy depa

when we had eric schmidt on from google recently, he talked about capitalizing on serve through devicesif you're out buying a pair of shoes and you take a picture of it on the phone and send it to google, they'll come back to you and say, you know what, mr. jha, you make a right, make a left, go around the block and you can get the same pair of shoes for a cheaper price. that's certainly a positive coming out of the android system there. but what else differential yates this phone and how much is it going to retail for? >> well, one of the biggest differential yagss we have is a service that we call moto blur. what it does, it ag degree gates your estimates, e-mail, myspace, facebook, flicker, twitter, all of these different ways that people communicate today, ag degree gates it, puts it in a simple wij it in your home screen. so you can touch it and get all of your messages in one feld swoop. and i think that is a fundamental difference yags. all your contacts are put together in one place. the fastest growing segment in messaging is networking. we are addressing that segment extremely

now we know why google's ceo eric schmidt who resigned from apple's board was actually on hand in person for today's event. this should also put cisco systems in its recent position of flip camera on notice, that there is a big and new competitor in town. now, no beatles, no rolling stones, no mac tablet. and of course, those seriously deep price cuts and all of those might be reasons why we saw apple's shares decline just a little bit today. when you talk about those price cuts, apple has proven time and again that it can turn lower prices into better profits with that increased sales volume. and the company is planning on doing that this holiday shopping season. a complete rapup of all of today's events with a live blog and my takeaways, techcheck.c c techcheck.cnbc.com. >>> jim goldman, thank you very much. >>> i asked bill gates last night and today, during an interview, what's the next trend in technology? i said, is it mobility? he said, maria, mobility is so ten years ago. my exclusive interview with bill and melinda gates. talking about education, innovation and what he sees are

. >>> google ceo eric schmidt looking to acquire one small company per month. a stock hit.igh yesterday. where will google put its money to work? joining outs fast line is the top-ranked analyst, mark mahini from citi. mark, when you break this news down, where do you -- where would you like to see google acquire? in what area? >> caller: probably five areas where we would expect them to acquire. first is mobile. there's clearly an impact going on with smartphone devices, despite what you're hearing about rimm in the aftermarket. the smartphone market is as a whole, alive and well. secondly, there's video advertising on the internet with youtube turning the corn or profitability, it's a clear area, an important area for improvement, for investment. third is international expansion. there's still a couple of markets out there. call it russia, call it china, call it korea, where there are market share challenges for google. it would be nice to expand their region from those countries. fourth would be local or geo targeting capabilities. the ability to put researchers on space

midday right after that conference, after we found out steve jobs was there, after we found out eric schmidt was there, after we found out they're cutting prices on the ipod, et cetera, et cetera, et cetera, the stock -- >> this is a classic example of how you trade the reaction. that's the trade. guy talked about this months ago. the trade on apple was when steve jobs returned that's when you wanted to cut down your long position. middle of the day, i mean, i had guy in my ear. i was long apple above 174. the minute we heard the announcement that jobs was coming out you had to take some apple off the table. why? because these annual events with apple, they are about surprises. they are not about disappointments. and what was the surprise this year? the surprise really wasn't a momentous product -- the surprise was steve jobs. >> no. we knew that steve jobs was -- that was priced in. >> there was no surprise. they cut prices a little bit. they didn't put enough videos and cameras into the iphones. and i think with apple not only are they a victim of their own success here. i think they're st

joining us, eric schmidt, who is not the ceo of google. he's the biotech analyst company.hanks for joining us today. >> thank you. >> joel, you like the smaller of the biotechs right now. you feel they're the better bet. >> i feel there's more upside there. as far as health care reform is concerned, the small cap biotechs exist in their own separate universe and they don't revolve around health care reforms. >> are you buying any of these because you think they're the next takeover target? >> oh, sure. well, not for that exact reason. definitely you can look at companies with unpartnered assets that are viable takeover candidates and even companies that have ex-u.s. partnerships have been taken over by big pharma. >> unpartnered assets. >> eric, for the investor who want to buy biotech stocks, what should he look at. this is a company that has a great product versus a company that's going to get bought by big pharma. which is a better play? >> i don't know anything other than joel is a very, very smart person, i'll go with his picks on the acquisition sides. investors shou

. >>> google's ceo eric schmidt is flush with cash and so is the company and it's ready to go on a shoppingpree. earlier this week he announced acquisitions are turned on again at google with a about a one per month rate at what they might be doing. what companies are in the crosshairs? john akin with majestic research has come up with a list of potential targets. i was thinking about this. you have some interesting names here. these are all privately held. >> that's right. so we think that google will be acquiring companies likely in three main buckets. bucket one is geographic expansion. bucket two would be as it relates to video search or video streaming. both on the mobile phone, the smart phone, and the pc. and then lastly, any specific ad targeting technologies that allow them to dove tail with the recent ad exchange they just lau launched. >> and you could see them going to eastern europe. >> that's correct. yondex did about $300 million in revenue last year, grew 80%. that could be very interesting for them. the market leader in the czech republic is also very interesting for them.