i caution you on freeport, this is not your father's freeport.e's been a lot of changes in this company in the last five years, this isn't the chart to chase as it was in 2007. copper prices can go higher. we're at 3 1/2, 4 year highs there are supply shortages out of chile i would go for other plays in the space. i think southern copper is an interest name. freeport, i'm long the stock, i've been slowly trading -- >> copper traded high today as well these things have been more to the upside december 1st, we're looking at freeport trading at 14, it's now over 18. i still think there's upside i don't think -- [ simultaneous speaking >> i think it goes to $20 a share. >> look, melissa, a lot of people spend seven years in college, they're called doctors. dr. copper, with that breakout, it's head and shoulders. seven years ago, that was the last time freeport traded above its 200 week until this week you're buying copper on the multibase breakout and buying freeport on the return you have to love what you see in the resources. synchronized global gr

the two sides are negotiating, freeport estimates evaluation as well as governance. -- back to china.tion involves a 20% holding that will be offloaded at a 32% discount from wednesday's closing price. it has been investing its portfolio around the happiness industries that provide services for china's middle class. straight to the equities session. a bit of a flat session for the dollar against its japanese 113 .42,rt, trading the dollar has been against the japanese currency of late. -- up against the japanese currency of late. nikkei 225 was down by .4%. the reopening of that as traders get back to their desks. that is next. this is bloomberg. ♪ yvonne: prime minister theresa may hit back at the increasingly tough line from brussels, saying the eu will learn it needs london. she expects to finalize a free trade deal with the block before march 2019. the transition period should allow the u.k. to understand the transition challenges ahead. period willition enable the administration in britain to get prepared, to the kindhemselves for of challenges that they will have to face. their

one of those is freeport matt of -- a big minor freeport-mcmoran, a big miner of copper. >> you can seew at our high, going back almost three years, since mid-2015. that share price now almost at $19. there is a lot of other copper shares as well that are trading higher. cliffs natural resources were up , and two out of canada. those were up as well as, more than 1%. so it is a copper story. i do not think we can talk about these without looking at copper, and we can see these stock mosts have hit and a four-year high. you have a few combinations of things -- global demand, and earlier this week we had china coming out saying they told their top producer to halt output to combat winter solutions. you had a drop in supply and demand almost reducing the price. shery: we are seeing this huge rally, which has to do with thin trading. i'm wondering what would happen next year going into 2018? have beenalysts bullish, even after the big run. it is playing into our metals index on the bloomberg as well. that is almost at a five-year high. you can take a look at that chart specifically. copper

. >> you know what looks identical too is freeport. that's the nature of a bottom. >> that's breaking >> breaking out. so too is potash i think the group is -- >> what did you say about mosaic >> i like mosaic, and cf too >> what did you do today, dan? >> he did something that -- you can't do this to me, it's my power pitch. >> oh, all right pete >> i added fcx today monster paper, this thing is on an absolute breakout trimmed a little bit of pepsi today. took off a little bit of wells fargo, that's been absolutely screaming off the lows when the world hated that name. i had some calls in there, i wanted to get out of there i added exxonmobil because of what we were talking about earlier. >> that's why you asked. >> i wanted to know what he thought chart-wise >> emerging pops, a little over 1% in today's session, faded a little bit more, u.s. steel fated a little bit more in some of the commodities space i sold a little bit of freeport a couple days ago. i think i'm getting back early >> last week i bought some finisar. i like the appl

and the laggard of energy continues to golower >> quickly, tim mentioned freeport mcnamara. copper got obliterate, xes went up, it's up 15, 20% since. >>> coming up, cme getting ready to launch bitcoin futures. the chairman and ceo of the cme, terry duffy, will be here to tell us how it will all go down. >>> plus the next installment of "star wars" begins this weekend. can it live up to the hype an under the radar way to find out how the movie will do at the box office >>> there's a company that is up 43,000%. move over, bitcoin we'll tell you the name and why it may not be too late to get in over cable for 17 years running. but some people still like cable. just like some people like wet grocery bags. getting a bad haircut. overcrowded trains. turnstiles that don't turn. and spilling coffee on themselves. but for everyone else, there's directv. for #1 rated customer satisfaction over cable, switch to directv. and for a limited time get a $100 reward card. call 1-800-directv a wealth of information. a wealth of perspective. ♪ a wealth of opportunities. that's the clarity you

and i think that's what you should be investing in now look at the breakout in freeport, in u.s. steel, these are related to that. >> for all the, you know, scut the companies are going to get because they won't spend money hiring workers, effectively you are hiring works, you're creating jobs. >> you're giving them a raise. >> but when at&t is spending a billion dollars extra to lay cable or whatever they're going to do. >> fiber >> right somebody's got to make it, somebody's got to lay it, right? >> to tim's point, it's 2 1/2 weeks ago, copper, the commodity, was getting obliterated. xes was up 3.5%. since then the stock has run from 14 handle towards currently trading. sometimes the market gives you a gift freeport is probably still cheap right here >> i actually think this might have an impact on the fed. this will sound a little crazy, but comcast, if this is a trend, the wage pressures will start to go up. and the fed might be behind the curve. >> they might have to hike more. >>> ahead, professional sports teams are hitting the strip in las vegas. it's giving casino stocks

just before i started and came over here freeport-mcmoran, it' hit consistently over the last couplef months today very aggressively, 23,000 and they were going to the march 20 calls, aggressively bought once again they were paying 85 cents for these calls as well. they have hit time and time again. stock trading just over claar 18 a share. expect to see this stock start to move closer and closer to 20 over the next couple of weeks, maybe months, but actually it was already in that trade. expecting more, i think will hit that level not too long from now. >> how long you going to hang on to free mort >> i'll be through april i'll probably continue to stay in this name especially if we continue to see that paper but i was already in that trade before it hit today. >> vikings playing at home in february if you know what i mean. >> home game in february we'll be seeing the minnesota vikings playing at u.s. bank stadium. great defense wins championships. they got it the. >> jim cramer might come at you a bit. >>> straight ahead, the big cap playbook with the big roster of traders. see wha

beatriz: identificaron al peatÓn que murió atropellado el viernes por la maÑana en freeport.torres, a quien encontraron culpable de quitarle la vida a sierra, de 15 aÑos de edad. el caso de la menor estremeciÓ california en 2009, la sentencia se aplazÓ en el mes de septiembre luego de que los abogados del acusado presentaron una mociÓn para pedir que retiren a la jueza, pero esa mociÓn fue rechazada por otro magistrado. ♪ y llegÓ la hora de saber cómo estarÁ el clima para los prÓximos dÍas, nuestras imÁgenes en vivo del puente de la bahÍa, suheily lÓpez estÁ lista con la "ventana al tiempo". suheily: muy buenas noches, yo sÉ que muchos estÁn participando de las actividades de la virgen de guadalupe, asÍ no olvide su chamarra. en el transcurso de la noche la temperatura va a ir disminuyendo. amanecemos con temperatura sumamente bajas en napa, santa rosa cerca del punto de congelaciÓn. concord 37. san josÉ, 40. y san francisco, mÍnimas de 45 grados. maÑana tenemos un dÍa bastante tranquilo, las mÁximas van a rondar en los altos 60. maÑana se vuelve a emitir esa alerta invernal

every day they always transported from here to nothing by freight train novick is the closest ice freeport on the west coast of norway the fact that the town is threatened by the mining activity became evident when cracks appeared in the ground more than ten years ago those responsible decided the whole town would have to be moved away from the dangerous cracks. this man helped design the new kiruna his model of the town is becoming a reality you hunt kos is aware that he's taking homes away from many people but there are no alternatives he says very very thick dust all for how we want to move the whole town two and a half kilometers east and this way there are a variety of reasons for that in this new location would allow us to keep some of the out to districts that are on threatened by the crack. and this location is also secure meaning we won't have to move the town again. urban planning cost shows us the old wooden ship which it will be destroyed it will be moved into the heart of the town and important to many residents. with her sure goals of the church is our grandest building will

. >> the freeport mac more an, that was a tell there, melissa >> thanks so much for watching see you tomorrow at 5:00 don't go anywhere, "d nemamoy" with >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job isn't just to entertain you but to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. >>> where did the buyers come from today where did the sellers disappear to that's what i keep thinking on a day like today stocks trashed a week ago, started rebounding like crazy. dow gaining, s&p advancing and nasdaq 0.54% makes you wonder about the market's rationality you're wondering, thinking is it even sane? for the most part nothing wrong with the stocks that. >> reporter: zbls. >> that were hammered in the selloff. but market is not crazy or irrational in reality traders tend to make

freeport is a stock we've talked about over and over again for the past month. >> you had paper in that too. >> right unusual activity yesterday, it's up another 3% today. can these keep running like this yes. this one can u.s. steel it basically just got back to where it was nearly at the beginning of the year and it had a big run. >> let me rephrase my question i'm not suggesting that you go out or even asking whether you should buy every single sector in the s&p is going to go straight up. it's more of should you change anything about your strategy of the sectors that have worked, whether it's more recently financials have picked up, industrials, we know what they have done, transports are representative of that in some respects, technology why should you change? why should you dance with someone else instead of who brung you? >> so you're asking about valuation. you're asking us if we care about valuation or if the market should care or investors should care yes. the answer is yes, we have to. we look at ebitda ratios you have to look at that otherwise we are not doing our jobs and,

f-mor freeport-mcmoran. >> numerous hits over the past couple of months, 14 strike, 16 strike, todayin 16 strike calls aggressively bought. bhorgan gives them the upgrade and up 18% on the year, judge. i think it goes higher. >> bmo upgrades abbott labs to uth perform. josh brown, this one is yours. >> this is one of the better charts in all of pharma. there are lots of nasty charts in the pharma large caps this has held up, consolidated since early october. in a very tight channel, 53 to 57 if it takes out 57 to the upside, there really aren't any sellers in here. no one with a loss in the stock and it could be like rocket fuel i would rather be long it than out of it, but i would probably wait for that actual breakout to take place. >> pete has a question for you what happens when you warn of a weak holiday quarter two weeks before crist what is >> you're going to get downgraded, i'm guessing >> mattel got downtrade. >> absolutely did. >> because that's what they did yesterday, warned of a weak holiday quarter two weeks before christmas. >> there's been cost-cutting initiatives and

. >> the freeport mac more an, that was a tell there, melissa >> thanks so much for watching see yourrow at 5:00 don't go anywhere, "d nemamoy" with >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job isn't just to entertain you but to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. >>> where did the buyers come from today where did the seller

your sector that you think will do best next year >> i'll stick with infrastructure i talked about freeport because of that activity but we've seen u.s. steel, a number of those. that's where i am. >> i'll say industrials in part because a lot of mid and small cap industrials in that group. they're targets for private equity firms that have hundreds of thousands of dollars and i think they can do well with the tax benefit. >> banks is the obvious one, but the less obvious one are smaller sized defense companies due to additional consolidation in that industry >> we have less than a minute and 45 second or so. final trades lot of ideas out there >> the other iphone manufacturers. a great opportunity on average >> two years ago, we had an 11% selloff to start off the year in 2016 don't be shocked if that happens early next year. you do not have to be 120% loan stocks right now no matter how good it feels. >> production of titanium and so forth. trox i'm on that one. >> mid-single organic grower >> small cap building products company. >> good stuff. great having you here. thanks for watching.

freeport-mcmoran gaining about 3% today. take a look in this chart.his is the bloomberg commodities index. it is seeing its longest stretch of gains in 12 years, and the index has been up for the past 11 days. finally, i wanted to take a look at some movers. let's switch up the board again. what you can see, these are some of the s&p's worst performers on the year. general electric, under armour, all down on the year. we know that with ge, they are in the middle of a turnaround. the long time ceo has left in the middle of the year, along with another of -- budget top company executives. a new ceo reported a turnaround plan that was introduced last month, but not received that well. here are some of the companies that have not been doing well in 2017. you, emma. turning to breaking news on uber , shareholders have agreed to sell a stake in the ride sharing leader to softbank. thank you for joining us, brad. what is the key headline we should know about this sale? >> maybe it is the long dramaawn or -- uber coming to its natural end. this was a deal tha

. >> i got to tell you freeport is a name i love. it off on friday i plan on getting back in again and i want to roll up and out. i'm going to the january options. >> jim cramer? >> i think cisco should by akamy. it has been one of the worst performing stocks out there. buy. >> we gave you a final trade. >> you did i took the bread and butter one. apple will have a great next six months have a big run. >> this is their holiday season. when they make a lot of dough. nasdaq 7,000 jim. >> i don't want to be so -- but there's brady and there's the nasdaq. >> a stunning rise for what the nasdaq has done this year and it sounds like you think it's doing -- >> it's doing it with rapid earnings and revenue growth. so important to point out. >> thank you so much again. >> my pleasure thank you guys >> power line starts right now. >> i'm melissa lee a lot of optimism on wall street as investors wait for the tax vote in d.c. averages hitting record highs. now 25,000 in the crosshairs where this record breaking run goes from here the tax loophol

betty: carl icahn's investment in freeport-mcmoran is finally paying off. market value has surged, thanks to a rally in copper, on course for its longest winning streak in a generation. icahn disclosed an 8.5% stake. his initial investment is on par with the return of the s&p over the same period. an electronic whoseent maker show -- stock has soared, trading more than 130 million shares. that's the most ever for the stock, and the company has not made its filing. no one has been around to comment on the company's change. now, let's have a quick check of how we are doing across some of the markets that are open. we are just coming down to the open up markets in japan. maybe a slight uptick at the open in japan. new zealand, entering flat. a big story. let's have a look at currencies and commodities. commodities on the longest win streak going back to 2005. we take you back to records. a lot of it comes back to the fact that the dollar has mostly been dumped against its major peers. betty: currencies and commodities will be a big focus for investors next yea

thank you for sending us that from freeport florida. we feel you this morning. that's how i feel.ows: 38-42 winds: light tuesday: partly sunny & mild highs: 56-62 winds: sw 5-10 showers are gone and skies are clearing. monday will be a partly sunny day with temperatures starting out in the mid to upper 30s and rising later into the mid-50s. tuesday we will turn the page back on the calendar to mid november. temperatures during the afternoon >>> we approach the new year and those we loved and lost and some had a big impact and shaped our culture. >> robin is celebrating their lives and none with a bigger impact than mary tyler moore. >> mary tyler moore was the first funny feminist on network television. >> her smile, her smile, that lit up the entire country. the entire world. ♪ who can turn the world on with her smile ♪ >> there was a goodness and kindness about her that i related to in myself and oh, my god, i wanted to be mar. >> i would like to know why the last associate producer before me made $50 a week more than i do. >> oh, because he was a man. [ laughter ] >> i think it

thank you for sending us that from freeport florida.orning. i'm abc 7 news meteorologist mike nicco. your accuweather highlights grab sunglasses for today. breezy with a chance of rain wednesday. by thursday pattern turns dry once again. temperature from 59 at half moon bay to about 68 in sant oprosa. mid 30s in our valley. my accuweather seven day forecast storm rolls into the north bay tuesday night. for the rest of us >>> we approach the new year and we're looking back at those we loved and lost in 2017. some of the stars that had a big impact and shaped our culture. >> robin is celebrating their lives and none with a bigger impact than mary tyler moore. >> mary tyler moore was the first funny feminist on network television. >> her smile, her smile, that lit up the entire country, the entire world. ♪ who can turn the world on with her smile ♪ >> there was a goodness and kindness about her that i related to in myself and oh, my god, i wanted to be mar. >> i would like to know why the last associate producer before me made $50 a week m