joining us now is meb faber. thank you for joining us. u.s. stocks are still very close to all-time highs. can they keep pushing higher? have the valuations gotten too much? >> the world looks a lot like the way it has been the last seat of times i've been on the show, so great to be back. still expensive. they are the second best of four environments to be in which is expensive and going up. that is ok. the rest of the world, wheezing equities in particular, looks much better. a lot of the investments we talked about, emerging markets and foreign markets in general, usually the really cheap stuff, brazil equity markets up about 60% this year. the russian market up about 25%. we think that is a much better place to be than u.s. stocks. joe: i have this chart on my bloomberg. the emerging markets e.t.f. versus the spy. you can see it underperformed for years but has been picking up lately. still it has hardly recouped any of the relative losses since the peak in 2010. do you see overall emerging markets having much further to run relative to u.

. >> the no terror rously bearish faber is predicting a drop in s&p. told cnbc trading nation he was unconvinced by the recent run up seen in stock r stock markets. ian still with us from capital generation partners. ian, the warning coming from faber there, 50% drop, potential drop. granted he is bearish. we know that. do you think that's a possibility still or are you still looking at the market as having legs to the upside. >> the future is hard to forecast. yes there's a possibility what probability you attach to that, i don't know. obviously he has a higher one than i would have. i would turn it around and say it's at moments like these when a call option buying strategy is an attractive part of how you gain broad investment exposure for a long-term client. what's the benefit of options? two things. one is that you get this asymmetric payoff. if the market goes up, you capture all of that growth. if it doesn't, you're downside is capped at what you pay for the option. >> yes. >> and they're relatively cheap at the moment. the irony is as we near t

faber. thank you for coming on.u ever worry, as a final question, go back to the first point, if you come on all the time, it seems like and it's such a negative message, if it doesn't come true and there's a good reason for that, and who knows, that somehow the message gets lost and people don't listen as much? >> actually, i want to tell you something. the interest by individuals in stocks have collapsed. there's very little. you ask yourself why? because normal investors, individuals haven't made any money in the stock market in the u.s. since the year 2000. first, they lost the money in tech stocks. the bubble burst. then they lost a ton of money in financial stocks after 2007 and in housing-related stocks, and in fannie mae and they made much of the recovery over in the wrong stocks and over the last 12 months, many more stocks are down than they are up. the economic number of new highs reached about 200. that's all. connell: that gets to my point last hour nobody coming up the street says how about the dow? th

david faber is off and will remain off for several days apparently. down about 94, the biggest drop for the dow since july 5th. a sense as to how muted the action has beenp on that day down 108. >> our road map for the hour begins with a truce in the works. reports that sumner redstone and viacom are reaching a settlement and will be saying so long to the company's ceo. philippe dauman. we have the details straight ahead. >> donald trump unveiling his first ad targeting hillary clinton. the latest from the campaign trail including the latest on chairman paul manafort. >>> and the olympics in rio coming to a close this weekend, so what happens to the olympic village? we'll take you to rio to find out. but first let's get to the big news of the morning, on the viacom saga. viacom and controlling shareholder sumner redstone agreeing to terms of a settlement, sources telling our david faber, this ends the battle for control over the media mogul's $40 billion empire that does include viacom and cbs. as part of the agreement viacom's ceo philippe dauman wil

thanks to david faber for sticking around. >> great to be here. >> approaching news.uarters, scott wapner and the "halftime report." >>> guys thanks so much. welcome to the "halftime report." i'm scott wapner. we begin with a cnbc exclusive today. a short seller under fire and fighting back this hour against allegations of market misconduct. citron's andrew left, accused by regulators in hong kong of spreading false and misleading rumors a about a leading property developer in that country. left now facing a possibility of a trading ban there, and even having to surrender more than $1 million in profits made from the 2012 investment. andrew left is with us today live from l.a. andrew, welcome back. >> hi. how are you? >> good, thanks. to make sure viewers are clear

i'm david faber, with jim cramer. we're live from the new york stock exchange.arl quintanilla is on assignment in rio. let's give you a look at futures again. we are set up for another lower open, perhaps another day lower on the broader markets. that would make what seven or eight in a row. >> eight. >> eight. this would be eight. >> yeah. >> europe, see how that's going if we want to get a tell it all on our markets. it's another bad day but not as bad yesterday at this time. france the leader in terms of at least downside. the 10-year note yield you ask, show you where we are. 1.54 and crude is, of course, one of the key parts of the story here. it is up, but yesterday started up, and ended down. took us with it on the broader markets. it would seem oil once again starting to core core late with the market overall. we will be watching it closely. let's get to our road map this morning. and we're going to start with hillary clinton. getting a big endorsement from a major gop player, meg whitman, as the hewlett-packard executive calls donald trump a demagog. ti

i'm david faber with jim cramer live from the new york stock exchange.arl quintanilla, it's his last day, at least for us, live in the olympics at rio. he heads home soon. we're going to hear a lot more from him before that happens. taking a look at futures this morning, see we are set up for what appears to be a lower open after hitting highs on all three major averages yesterday. yes, shades of 1999. we'll get to that in a minute. >> stop. >> how is spain doing your ask, italy doing? we don't have it today. >> oh, my gosh. my kids are there, the italian gdp is going to come out. >> come on, guys. >> we were lower in europe. back to the big three. the joke has been the last few days we've included spain and italy, not that they are -- >> inside joke. >> thank you. >> when the show starts. >> yeah. >> i'm sorry. >> we're in the show. >> okay. >> 10-year note yield hanging around 1.5, where it's been. we're a bit below that today and wti had been up -- there was a rally when for some reason people believed the saudis or their jawboning. >> to our road map

kevin, marc faber, mr. doom and gloom, he sees doom and gloom everywhere, even mark faber, mr. doom and gloom, the market will likely go up more before it comes down. >> there are two golden rules in this type of market. never short a dull market. we're seeing trading volumes down and never short a market hitting new highs. there are trepidation for investors positioning for downfall. we know seasonality is coming up. last august we hit low on volatility level. guess what, two weeks later we hit high of the year. two volatility events in the month of august. we don't know what can happen but we know august and september are very volatile times. so you have to be careful when you're positioning your portfolio. david: let's sprinkle a little politics in here, morgan. lenore touched on this before the disconnect between wall street and main street. it doesn't, i know it may just be window-dressing to the folks on main street not doing so well but it doesn't hurt hillary to have a healthy market, does it? >> that is a great point. as long as investors are chasing yield, finding it

david faber is off today.eaviest news flow of the week as we had key economic data to the earnings flow, durables rise for the first time in three months but futures are red. europe mostly negative, treasuries remain in the narrowest range for any month in about a decade. our road map with the mylan sag fwa the ceo addressing the epipen controversy. tiffany beats estimates but struggling with a drop in tourism and the dollar store is under pressure, continued weak earnings guidance for the year. but first up, mylan taking action in response to criticism of that epipen pricing. the company announcing it will cover up to $300 of the allergy drug's out-of-pocket costs at pharmacy, reducing a patient's cost exposure by 50%. also doubling eligibility for patient assistance, eliminating out-of-pocket costs for both uninsured and under insured patients. moments ago on squawk, heather bresch was asked why mylan didn't lower the list price on the drug. here's her response. >> had we reduced the list price, i couldn't e

i'm david faber and jim cramer, we're live from the new york stock exchange.arl quintanilla is live at the olympics in rio and, of course, will join us momentarily. we got a couple big names this morning that we're watching. alibaba, and macy's. both moving, both up as you see sharply on earnings. we're going to have plenty on both including an interview with alibaba's vice chairman joe tsai a moment from now. another look at futures. you heard scott talking about the market overall and see it is going to be up at the open. it would appear at least judging from the futures. european markets have had more or less reasonably decent day. good, love to see it again. thanks everybody. that's going to be a constant now. you see the one outlier is the ftse 100 in the uk. 10-year note yield and crude oil, crude was a story yesterday going down, 10-year note yield around 1.5 and now crude up a bit but did seem to take the market down a bit yesterday. as it weakened in the session. alibaba reporting its earnings this morning and they did top estimates. overall revenues

that's what we're working on right now. ♪ energy lives here. . >>> what does marc faber think about thep. >>> welcome back to "squawk on the street." let's send it to carl from rio at the olympics. >> reporter: hey, sara. rio is one of the most congested cities in the world so it's no surprise ride-sharing apps are at war. uber having surrendered to dd in china faces another local powerhouse here and latin america publish jorge doesn't know travis, but his app, easy text goes up against uber every day. a slightly business model tapping not private drivers but existing networks of cabs, armed with knowledge of local customs a andet k ettiquite they're too bo notice. >> you see china, taxis in southeast asia and latin america, that's down from uber down, mexico, argentina, chill l chile and we're giving them a run for their money. >> do you think the deal was a sign they've bitten off more than they can chew? >> absolutely. it shows uber didn't have the capacity to under a market better than the local player. >> with 25 million rides, easy taxi is beating uber in brazil, but the fight is

david faber back to you. >> thank you very much, mr. santelli.evidence of increasing competition between google and uber, we're going to explain, and thursday night, be sure to watch the premier of "ground zero rising," freedom versus fear, reported by jim cramer, the original cnn documentary gives an unprecedented look of the redevelopment of the world trade center, thursday at 10:00. >> thank you, david. >> you're welcome. i'm looking forward to seeing it. we've got a lot more. stay with us. >>> the competition between alphabet and uber seems to be mounting. david drummond, google executive on uber's board is stepping down. drummond had a critical role in incestment arm gv, but with google's increasing involvement in the auto market there, have been concerns over conflicts of interest between the two companies. this gets into an area i'm fascinated which is simply the raise of allton mouse vehicles, what it's going to mean, how long it's going to take is a subject of great debate. >> your we not talking about the rise in fatalities and how this

with me here for the hour, david faber and mike san to

the dana faber cancer institute brought in $24 million in 2014, but they're not telling you how they're spending that money. teach for america, that's anothr big one. $295million. neighbor works for america, 254, the john f kennedy center for te performing arts, but they don't tell you how they're spending al the money and you can see the rest of the list, even down to the memorial museum that brought in $11 million. so the better business bureau wants to put up a little red flag. they're not saying anything illegal is going on, they would like a little more information o get them verified. >> dan, thanks. it's happening right now. >> yeah and we've had only one severe thunderstorm warning, but these storms mean business, even if they're not severe. we have one moving right into it's over lakewood right now and moving this way. it's going to start to pour in cleveland. do we have another live shot? i was told -- oh, actually it's starting to rain right now in cleveland. shanice dunning is out. do we have her live shot? >> no, don't have it. >> let's go to the graphics. we have a red ale

i'm david faber along with jim cramer. we are live from the new york stock exchange.arl quintanilla has the day off. a look at futures this morning as we head towards the hump day as we like to call it here. mike mike mike. down as you see right there on the dow and the s&p and the nasdaq as well. european markets let's check them out. do we include italy and spain today? no. just the big three for you. there's france, germany and, of course, the uk down ever so slightly. 10-year note yield hanging around what has been and continues to be that let's call it 1.58 level. crude oil down after a move up a bit over the last couple days. although yeah, we've been around the 46 level for a little bit. >> it's been a level where when we get to 50, a lot of the oil producers sell a lot of futures and that's because they can -- that's a lot of debt payments. they sell futures and capture. get back to 40. and then you see more cessation of rig count but rig count up 30% this year. low base. but rig count, it's very big since the oil took out the 50 level that one day. >> i'm sur

with me here for the hour, david faber and mike san tolli. carl kin nquintanilla is on assignment.lso jessica, and mike isaac, technology reporter at numbs in the meantime. good morning to both of you. we start with our top story this morning, facebook taking on snapchat once against with a new instagram product called stories. the product will be built into the instagram app includes face filters, and location tags. it's been -- it doesn't end there. facebook is also tests video ads as a way to monetize the new sometimes controversial feature. jessica, interesting to see facebook go at snapchat yet again trying to build their own product. they tried to acquire snapchat is the third time a charm? >> we'll see. >> this is interesting if you look at instagram. it was the hot app for a long time, but people are posting less to instagram. that's a big problem, because it could lead to lower engagement down the line. i think this new product is really a grasp to change that, to make a lower part to posting in the hopes that people will post more, because the photos won't be around as lo

i'm david faber with jim cramer, we are live from the new york stock exchange.arl quintanilla is at the olympics in rio. he will join us in just a few minutes. let's give you a look at futures as we set up for the week ahead as you can see we are at least pointing towards a higher open. the european market ps may be helping, higher as well. decent tone there and a number of different areas over in europe. you can see although the ftse is down a bit, as for the 10-year note yield and oil, really oil and perhaps becoming more important yet again to our broader equity markets it is up rather sharply extending gains from -- oh. >> from friday after the strong jobs number. to our road map and it starts with walmart buying jet.com for $3 billion in cash and $300 million worth of walmart shares. that will be paid over time. the biggest acquisition of an e-commerce company ever. more on the deal coming up. >>> plus, delta trying to get back to normal after all flights were grounded across the world due to a computer problems. shares lower this morning. >>> and from the

i'm david faber with jim cramer and we are live right here at the new york stock exchange.l quintanilla is on assignment in rio. how are the markets doing, you ask? let's take a look for you this morning. does look like we will have a bit of a higher open at this point. europe, you just saw it if you were watching andrew sorkin, it is higher, of course. the bank of england being one of the keys in terms of the 25 basis points reduction and that has perhaps helped. certainly in the uk itself as you see the ftse 100 up 1.3%. our 10-year note yield hovering let's call it around the 1.5 level and crude, which has been an important story in the movement of our broader markets during the course of this week, look the that, flat, 40.83 after dropping below 40 this week. let's get to our road map and it does start with the bank of england rate cut as it ripples across the globe. markets we will get mark carney's take. major media earnings, fox and viacom shares both moving this morning in different directions. what's behind the quarters at fox and viacom, what about the turmoil. fr

i'm david faber with jim cramer, we are live from the new york stock exchange.arl quintanilla is live at the olympics in rio and we will hear from him momentarily. give you a look at futures this morning as we're a half hour away for the opening of trading this wednesday. call it a mixed open, maybe a bit up on the dow jones industrial average. statistically insignificant average of the three. european markets this morning, let's take a look. we are in the -- whoa. gave us a few more there. look at that. they added italy and spain. getting a little creative there in the old production booth. thanks, guys. always wanted to know what's going on there. but the three we look at are all down and there is the 10-year note yield at 1.52. crude hanging there above 42. it has for the last few days as you also see brent. let's get to our road map this morning. and it starts with the earnings out from yesterday from disney, which topped estimates, making a billion dollar streaming bet as well. we will take a look at the company's video plan and hear what ceo bob igor has u

i'm david faber, along with jim cramer.e are here at the new york stock exchange but you are looking at a live shot in rio where the opening ceremony is just hours away. and carl quintanilla there he is, he's made it live and he's going to join us in just a few minutes and he's looking good which i'm glad to see. all right. we start, though, with the breaking news here in the u.s., adding 255,000 jobs in the month of july. the unemployment rate holding steady at 4.9%. most of those gains coming from the private sector with 217,000 added. revisions also up for the last two months. a net gain there of 18,000 jobs. let's give you a look at futures and see how the markets are reacting and you see all up and rather sharply at this point. jim, it was a good number by most ways to measure it, i would argue. i'm curious to what your thoughts are. 75,000 more than expected, let's call it above at least the consensus, somewhere around 180,000. even the participation went up slightly and we're averaging 190,000 jobs over the last thre

. ♪ >> good morning and welcome to "squawk on the street" i'm david faber with jim cramer.arl quintanilla is off. let's give you a look at futures. the market looking up so slightly. see it there european markets down, not a great deal of movement. london's stock market closed for a summer bank holiday. see italy taking it the worst. very glad we've included italy and spain. gone for a couple weeks. glad to see the consistency. 10-year note yield around 1.6 and crude oil the story as oil prices down, as you see it right there. maybe we get the fed moving before the end of the year, right as we come out of the jackson hole meeting. a look, though, at wti. let's get to our road map this morning. on this late august monday. mylan, the controversy continues. the company announcing a generic version of its epi pen. it is going to be enough to satisfy critics and congress? the herbalife hedge fund drama man here we are, year three, four, five, ackman, icahn, going yet another round. on this battleground stock. we'll have news from williams by the way responding to activist pressu

tammy faber she is deceased. he is not. he went to prison. it on the last a with a had to abandon. nancy: i wanted to say tacky is a degenerate horse found in the marshes. clip] video >> jim and tammy, i believe that the god i serve is still god. i believe the sun will shine again. i believe -- can you do it? tammy will sing a song for you before we leave our house. tammy: maybe you are hurting and you need this song today. i will sing it for both of us. ok? ♪ ♪ now if you are facing a mountain ♪ [end video clip] she said "maybe you are hurting." there are still plenty of programs like that on tv. nancy: she came from a poor white girl family in minnesota. her parents were pentecostals. i draw a comparison between her -- i talk about the ordinance of -- importance of how the symbolism of her makeup is assigned about the social status. we forget that women, to come are marked by class. the idea that the perfect female behavior is to be understated. demure and polite. in a sense, they were dismissed because they were toothless, because they wer

jordan faber. >> thank you mister president. you are here today counting the transpacific partnership what hillary clinton is against it, or vice presidential nominee tim kaine has now reversed himself and is against it. donald trump is against it to meaning the next president is opposed to this deal. if you take both candidates at their word, how do you plan to get congress to pass this deal during the lame-duck and what is your plan to visit members to do so given the opposition i just described and secondly, ready essentials inside and outside the government have said they are almost certain that the hack of the democratic national committee came from russia. doesn't look to you like russia is meddling in the us election and what impact should that have on your administration's relationship with moscow? yes right now i am president and i'm for it and i think i've got the better argument. and i've made this argument before, i will make it again area we are part of a global economy. we are not reversing it. it can't be reversed

thanks to david faber for sticking around. >> great to be here. >> approaching news. back to the headquarters, scott wapner and the "halftime report." >>> guys thanks so much. welcome to the "halftime report." i'm scott wapner. we begin with a cnbc exclusive today. a short seller under fire and fighting back this hour against allegations of market misconduct. citron's andrew left, accused by regulators in hong kong of spreading false and misleading rumors a about a leading property developer in that country. left now facing a possibility of a trading ban there, and even having to surrender more than $1 million in profits made from the 2012 investment. andrew left is with us today live from l.a. andrew, welcome back. >> hi. how are you? >> good, thanks. to make sure viewers are clear here. the company in question is called china evergrand group. it's hong kong's second largest developer. you put out a report in 2012, i have it here, some 61 pages or so in which you say the company was insolvent, used bad accounting and said it was a ponzi scream ay mong other allegatio

david faber is off. soft start to what may be an eventful week. yellen in jackson hole on friday. m&a, assorted fed speak to get us started we'll watch europe on the stronger dollar. that plus some production news out of iraq pushing oil down this morning. our road map begins with pfizer agreeing to buy medivation for $14 million in cash. stock is jumping on the news. viacom saga is ending. philippe dauman out as ceo and kobe bryant can add venture capital to his resume. he will join us later this hour. >>> futures in oil moving lower with interest rates and janet yellen's upcoming jackson hole speech on the minds of investors a long way between here and friday, jim, but enough to keep us busy. >> there is actually a lot of corporate earnings. we just did nothing that people that jumps out at people. i look at work-day, pvs, incredibly strong, and i am concerned that we are going -- the undercurrent is going to be oil going down because you mentioned iraq and there really wasn't anything fundamental. i watched oil last week and said, give me a break. i mean there's just the glut h

david faber is off. a look at the markets this morning, more moderate losses.here of back-to-back losses, something that hasn't happened since late july for any of the major averages. >> our road map for the hour, does begin with retail. target and lowe's both disappoint this morning. we dig through the numbers and break down if there are any bright spots straight ahead. >> another shakeup in the trump camp, 82 days before the election. the latest on that. >> plus a report that cisco may be slashing its work force by 20%. we've got the details and we will be speaking with the company's ceo cluck robbins tomorrow at 9:00 a.m. eastern. >> target is one of the main stories of the morning. disappointing the street and we're getting some more clarity through the conference call right now. our courtney reagan has been digging through the numbers apz joins us with more. hey, courtney? >> hi, carl. retail continues to be a sector where we see highs and we see lows. today, target said that it saw the lowest traffic in more than a year an a half and that was really what

you as well as david faber, cyclicals, does that necessarily mean you are bullish in the markets.you stand overall as we sit here with a trifecta of record highs today? >> well, we've got to think where we stand right now is the economy is doing better. the federal reserve is showing remarkable sensitivity. we expect they're going to raise once this year just to keep animal spirits in check. and that will probably happen in december. so we want to own cyclicals. and when we say cyclicals, we're talking about information technology, consumer discretionary, materials and industrials primarily. >> all right, guys, thanks so much for joining us. appreciate it. david kelly, john, go to powerlunch.cnbc.com right now to see what john is underweight in this market. let's get to seema mody for market flash sfwl tracking all pockets of strength as major indices trade in record high territory. et merging market etf up 1% today, it's eight positive session in the past nine trading days. and for the year it's up nearly 18% on pace to break a three-year losing streak as investors bet on the rec

david faber is off. soft start to what may be an eventful week. yellen in jackson hole on friday. fed speak to get us started we'll watch europe on the stronger dollar. that plus some production news out of iraq pushing oil down this morning. our road map begins with pfizer agreeing to buy medivation

i'm david faber along with jim cramer. we are live from the new york stock exchange.s the day off. a look at futures this morning as we head towards the hump day as we like to call it here. mike mike mike. down as you see right there on the dow and the s&p and the nasdaq as well. european markets let's check them out. do we include italy and spain today? no. just the big three for you. there's france,

i'm david faber with jim cramer, we are live from the new york stock exchange.at the olympics in rio and we will hear from him momentarily. give you a look at futures this morning as we're a half hour away for the opening of trading this wednesday. call it a mixed open, maybe a bit up on the dow jones industrial average.

david faber is off today.w of the week as we had key economic data to the earnings flow, durables rise for the first time in three months but futures are red. europe mostly negative, treasuries remain in the narrowest range for any month in about a decade. our road

i'm david faber with jim cramer live from the new york stock exchange.s last day, at least for us, live in the olympics at rio. he heads home soon. we're going to hear a lot more from him before that happens. taking a look at futures this morning, see we are set up for what appears to be a lower open after hitting highs on all three major averages yesterday. yes, shades of 1999. we'll get to that in

i'm david faber with jim cramer, we are live from the new york stock exchange.ympics in rio. he will join us in just a few minutes. let's give you a look at futures as we set up for the week ahead as you can see we are at least pointing towards a higher open. the european market ps may be helping, higher as well. decent tone there and a number of different areas over in

i'm david faber, along with jim cramer.nge but you are looking at a live shot in rio where the opening ceremony is just hours away. and carl quintanilla there he is, he's made it live and he's going to join us in just a few minutes and he's looking good which i'm glad to see. all right. we start, though, with the breaking news here in the u.s., adding 255,000 jobs in the month of july. thene

. ♪ >> good morning and welcome to "squawk on the street" i'm david faber with jim cramer.let's give you a look at futures. the market looking up so slightly. see it there european markets down, not a great deal of movement. london's stock market closed for a summer bank holiday. see italy taking it the worst. very glad we've included italy and spain. gone for a couple weeks. glad to see the

i'm carl quintanilla with sara eisen, mike santoli at the new york stock exchange, david faber and cramerr from david in a moment. weakness in the futures as the dow puts together its first back-to-back gain since july on thursday. retail earnings capping the week

i'm david faber, with jim cramer. we're live from the new york stock exchange.lla is on assignment in rio. let's give you a look at futures again. we are set up for another lower open, perhaps another day lower on the broader markets. that would make what seven or eight in a row. >> eight. >> eight. this would be eight. >> yeah. >> europe, see how that's going if we want to get a tell it all on our markets. it's another bad day but not as badte

i'm david faber with jim cramer and we are live right here at the new york stock exchange.lla is on assignment in rio. how are the markets doing, you ask? let's take a look for you this morning. does look like we will have a bit of a higher open at this point. europe, you just saw it if you were watching andrew sorkin, it is higher, of course. the bank of england being one of

i'm david faber and jim cramer, we're live from the new york stock exchange.mpics in rio and, of course, will join us momentarily. we got a couple big names this morning that we're watching. alibaba, and macy's. both moving, both up as you see sharply on earnings. we're going to have plenty on both including an interview with alibaba's vice chairman joe tsai a moment from now. another look at futures. you heard scott talking about the market overall and see it is