freeport could also be in play. again, i would say any natural resource producer as of today could be on someone's radar screen. >> let's talk about freeport mcmoran. you're talking about probably a $60 billion deal-ish, right? if not more. who's got the -- who's large enough to pull off something like that? >> i think when you look at a freeport, it has four nice components. you can see someone take on the more risky components in africa and indonesia. someone take on the safer components here in north america and south america where there's less political risk. you could see companies look to take a risk assets. then someone in the western hemisphere take on the other asse assets. >> do you worry the big get bigger and we get more pricing power and this gets to be a scary place of global commodities. and again if you think there's a bunch of deals that could happen, in other words you think commodities much cheap. this must be a good time to buy freeport's reserves, et cetera. >> i think the big get bigger. when -

could you answer for the record the third question i had about the freeport situation, what you nope about it, whether you think you're going to get involved in that. >>> i can't do that. >> the chair now recognizes mr. brown from georgia. >> thank you, chairman. this hearing it as well as many others have pointed out something i've long said here in this committee that the department of homeland security has it totally wrong. we're spending billions of dollars, in fact, i submit we're wasting billions of dollars looking for objects instead of looking for those who want to harm us. we would be much better off as a nation, much more secure as a nation if we would spend the money in human intelligence focusing on those who want to harm us. we've got to stop patting down grandma and children and start looking at airports for those who want to do us harm through aviation sector. we need to stop looking at all this technology to try to get to 100% when we can only get to 5%. really focusing on those int entis throughout the world that want to harm us. we're not doing that. we're wasting b

group out of cleveland ohio you have freeport out of phoenix arizona microsoft panasonic. you have nokia motorola being questioned about. that that's used in their cell phones. anywhere from sixty four to eighty percent of the world's reserves of coal tan three letter conducted and it's found in almost every cell phone in the world and in almost every electronic device so these are some of the corporations that have been involved in benefiting from the. on the other hand we have people dying to the tune of fifteen hundred a day forty five thousand a month five point four million in the last ten years hundreds of thousands of women raped. so what really discourages you is to see a patient you treated in two thousand come back five years later with a rape or and even worse than the one she had before this is terribly discouraging the what gives us courage is the capacity of these women to fight. if one person. if. you take their baggage leave the community. to the people. so the second place. and the report of people and these two rapes in the street completely thank you. i

freeport. this rather than being too much of a good thing, this is a stock that's been quite poor that's in the process of healing. what i would characterize as a bearish to bullish reversal. where about to flatten. and you have a nice entry point on this dip. we've just dipped from 49 to 42 down to what will be a level of support at the moving average. i would play at 42 back to 47, 49. >> all right. thanks for coming along. we appreciate it. mike khouw, you actually have a trade on starbucks here? >> what's interesting in starbucks, it's really unusual because most equities you see higher call open interests. there's a good reason for that. people like to overwrite their interests. for the past three months, we haven't seen that in starbucks. i think we'll see increasing skepticism, one of the questions we would have asked carter, is if there are people hedging their positions on the put side, does that mitigate the downside risk? >> carter? >> i'm not sure it does mitigate the downside risk.

group out of cleveland ohio you have freeport mcgraw hand out of phoenix arizona microsoft panasonic touchy you have new kia motorola being questioned about the crime by tattoo that's used in their cell phones congo as anywhere from sixty four to eighty percent of the world's reserve of coal tan three letter conductive and is found in almost every cell phone in the world and in almost every electronic device so these are some of the corporations that have been involved in benefiting from the cargo while on the other hand we have the congolese people dying to the tune of fifteen hundred a day forty five thousand a month five point four million in the last ten years hundreds of thousands. women raped. so what really discouraged as you is to see a patient you treated in two thousand come back five years later with the rape or and even worse than the one she had before this is terribly discouraging is acute what gives us courage is the capacity of these women to fight. through this. if one person is bring the lies in front of it ever worn by the time that ends everyone in the area are go

and rob basso is from freeport, new york. he's a registered republican who voted for john mccain in 2008. >> thanks for joining us. you had both interesting responses and passionate responses to these proposals. i want to start with you here on the set. >> sure. >> when you hear about these tax incentives, is your first reaction i'll hire new people because i'm going to get a tax credit? >> it makes no difference to me if they're going to give me tax incentives in terms of how i staff my business. >> why not? >> i try to staff my business mostly based on how things are going and what our needs are. if they give me a tax incentive that means i'm going to hire more people independently of having more customers? no. >> in essence, for you, you're then getting reward ed for something you would do any how? >> i think that's part of it. the rest of it is, sure, if you want to give me money, i would be happy to take it. i would like to know how we're actually going to pay for it. >> we'll get to those bigger issues in a second. let'

. >> freeport mac moran. i would be weary of this one. keep that as your ripcord level. >> bank of america popping 3%? >> this is a name again i would use to take some profits here. it's had quite a run, but i would give a pop out for paul pierce. >> and counter. hk. weiss? >> yes. ite great c oeismt in the energy pass. announced today on the ejector pad. so i think you have to keep an eye on the stock right now. >>> coming up our eyes are set on semis? has the sector come too far too fast? we'll get the setup for nvidia earnings later this week. stick around. optionsxpress, where you can trade your favorite products, all in one account. keep watch on the markets. or use our exclusive tools to help find ideas. it's powerful, easy-to-use technology for trading stocks, options, and futures. keep trading whether you're at home, in the office, or on the go. optionsxpress, the broker smart traders deserve. open an account today at optionsxpress.com. oh! [ baby crying ] ♪ what started as a whisper ♪ every day, millions of people choose to do th

. >> you might want to look at freeport.arter worth last night on the show talked about how it's approaching the 150 day moving average. nice reversal in copper. i would absolutely be looking at a cx. >> louisiana pacific and i think it's also important when you factor in the appreciation of the s&p today, consider the reversal you saw in apple yesterday. i think that was a false indicator for a lot of macro players. they saw the weakness in apple, they went short the market and today they're being punished. >> exactly right. and joe, you called it yesterday as far as it was trading like a commodity. it's back to trading like a stock today. >> next up, the stock whitney i ichi tilson calls the biggest miss. [ male announcer ] technology accelerates at a relentless pace. anything not moving forward... is moving backward. [ tires screech ] [ engine turns over, tires squeal ] introducing the 2013 gs, with the lexus enform app suite -- the most connected information and communication technology available in an automobile. [ engi

freeport machina ran. i do agree with peter, we do have to have some concern about having come too far too fast, but i still think equities are attractive at these levels. >> you also like diamond offshore. thank you for joining us, peter and john. let's check out now with seema mody what is happening at the nasdaq. and what else also is making headlines today. seema. >> thanks, mandy. here's what else we're watching at this hour. the transportation department delayed a rule that would have rear cameras on cars and trucks. and james murdoch has stepped down as executive chairman as news corp.'s news international unit. rupert murdoch's son will keep his job as news corp.'s deputy chief operating officer. and general motors take a 7% stake in peugot. the two hope various energies will eventually save them $2 billion a year. back to you. >> thank you very much for that, seema mody. flat screens and flat soda. herb's double disaster time. herb. >> mandy, standing here i feel like i should be demonstrating a s

think about freeport, cheaper and it's got potential to have a higher yield. why?ecause they keep raising the dividend. i'm going to nick also in my home state of new jersey. nick? >> caller: nick from new jersey, boo-yah. >> boo-yah to you, partner. >> caller: jim, sony has been trading relatively low, do you think it can pick up again? >> do you use a walkman or an ipod? come on, my friend. >> sell, sell, sell. >> don't buy. >> sorry to be so in your face. let's go to richard in illinois. let's go to richard in illinois. >> caller: boo-yah, cramer, my friend kevin is real jealous right now. my question about the stock sohu, is it going to make a comeback or should i get out? >> we don't recommend chinese stock! other than baidu, i'm in sell mode for the whole country. why not? let's go to bob in texas. bob? >> caller: boo-yah from bob in corsicana, texas. jim, my wife, son and i love watching you daily. your insights and witticisms. what are your thoughts on deluxe corporation. >> i've got to tell you something -- >> don't buy. >> needs a catalyst, doesn't have o

that we've put on from october and november are things like alpha natural resources, arch coal, freeport mack ra man. >> is this a bet on economic growth? a play on the value of those stocks that they had gone down so much or both? >> it's all of the above. number one they went down tremendously last year. they were down because of fears of china. they were down because of fears of economic growth in europe and down because there are higher beta companies that people removed risk from their portfolio. a lot of politics that goes on in managing portfolios and keeping risks under control and that's what creates these opportunities when fear runs high. you have to be willing to value the businesses, recognize the value is there and recognize it as an opportunity and take advantage of that opportunity as i see it. >> sandy, let's talk a little bit about china. obviously david is handicapping it a little bit differently. and i believe you think they will achieve a so-called soft landing. to any other economy their version of a soft landing would be a vertical takeoff, right? >> yeah, that's e

. >> caller: and i'm currently in the red with freeport mcmoran -- >> i think the stock is dirt cheap and that's why we own stocks not for takeover. my charitable trust owns fcx, and i think it can be worked into the 50s without much problem. let's go to ethan in south carolina. ethan? >> caller: howdy, jim. >> what's shaking? >> caller: my concern is about a recent acquisition, dynamic offshore. now in lieu of the president's recent comments at the state of the union address where he stated there would be offshore opportunities for drilling, my question to you is this. has mr. ward made a good move? and we give him a big boo-yah or has that honey badger bit off more than he could chew? >> you know, honey badger, let's say sometimes they don't care enough about shareholders. i was upset by this, i'm being diplomatic here. i know that tom is doing the right thing for the balance sheet. i know this is great, but we needed to let that stock go higher. i think you should let the stock go higher before he did the deal. and i'm sympathetic to anyone who owns the stock. i can't take it anymo

. >> freeport, adp, wynn, chevron, boston, what do they have in common, recent hikes or more aggressivendustries there. they are leaders in their industry with good business prospects, depending on the particulars for some of the energy, freeport-mcmoran we need in terms of growth, wynn resorts another global growth story, air products, more of a manufacturer, industrial, a play on the global growth over the long-term. diversity unites them, a variety of industries but there's healthy dividends throughout the stock market. i would also mention one thing on the tax rates, carl, that's interesting. at the moment dividend yields are as long-term efficient as capital gains and that bodes well for capital companies to increase dividends in terms of a tax-efficient payout. that equation could change depending on what goes on in the tax debate going forward and the political activity going on the next year or two here. >> bill, your appetite for risk, can it be kept alive only through u.s. economic data points or is europe enough, separate of what's happening here in jobless claims and a recov

our first call comes from freeport, maine, on our line for republicans -- caller: good morning, our governor is paul lapage who was elected in 2010 paid -- 2010. he managed and his first year to cut the liability created by promises to the pension plan. he cut from $4.1 billion to $2.4 billion with a pretty united legislature. the republicans and democrats got together to do that and also lower the tax rate. from 8.5% to 7.95%. i would say 70,000 people were taken off the tax rolls by raising the amount of money you had to make to pay taxes. it was a good first year for the governor and he is still working on trying to lower taxes more and cut state spending. host: the cooperation between the republicans and democrats in the legislature, is that a result of the governor's effort or something that happens on a frequent basis? caller: i have not followed politics for that long. there have been times -- there's a big workmen's compensation issue in the 1990's where republicans and democrats worked together. there have been times but there has been a lot of republican frustration with the democr

. >> go buy freeport which increased the dividend rather dramatically. 2.7% yield. >> that would be ag deal, my friend. >> free been poport as a common should be bought. >> borg warner. >> nike. price target increased. >> nike is like mcdonald's. the classic growth stock that's come back. some people say -- i say it goes higher. >> all right. >> for more on these stocks, go to sots.cnbc.com. >>> how come you don't like the owens corning call? i'm curious. yesterday we had a call. i forgot what specifically it was. it was before earnings. you said it was a gutsy call. you admire those kinds of calls. no reason to -- why would an analyst come out before earnings are reported and make a bold call. here we have the same thing. >> i think they don't believe in a housing recovery. and i believe in a housing recove recovery. i think that's at the crux of when you like an owens corning. if you believe housing stocks are going to go up, you'd be loathe to downgrade it. >> right. >> it's a future call. >> and in terms of some of the other housing stocks? >> spf. really remarkable quarter. >> ma

you should see a shift to freeport scx, shift to alcoa, maybe you can see some money coming into gm ford for norfolk southern. u.p.s. had a good number. these are important tells for me including caterpillar which has been stalled since it blew out the number. >> speaking of caterpillar, this jobs report really does make it seem like qe3 will be put on the back burner for now. it's interesting to think back to what the caterpillar ceo said during the earnings release. that is he is worried about central banks around the world getting a little bit too ahead of themselves when it comes to positive economic data points and raising rates too soon. >> although as santelli pointed out in the last half hour markets are now pricing at a hundred percent chance of a fed hike by the end of 2013 which is earlier than the fed says their window will last. >> what would bernanke have sounded like today instead of yesterday, right, if we had this news out there? would we have gotten the same testimony? >> no, no. >> the same language around the possibility of qe 3? >> no. i think what would happen is he