halliburton.emember dick cheney's relationship with halliburton and how halliburton got him into a whole boat load of trouble because of its involvement in the iraq war. donald trump makes halliburton look like a picnic. donald trump has extensive business relationships in russia, in turkey, all throughout europe. and he is his own landlord with the trump hotel in washington where the gsa is supposed to be tenant. you can see endless, endless opportunities for conflicts of interest, and they clearly haven't done what they need to do to vet these issues and protect the president. i think we're in for some really interesting days ahead. >> julian epstein, thank you for joining us. >> why was a three-star general paid by russia and why did donald trump pick him to be his national security adviser? we've got questions and answers. stay tuned. liberty mutual stood with me when i was too busy with the kids to get a repair estimate. liberty did what? yeah, with liberty mutual all i needed to do to get an

they will create a $32 billion giants as halliburton and schlumberger. it also creates agencies that give their blessing. analysts expect activity to increase moderately year -- next year. it is still pending approval from regulators and baker hughes shareholders. let's not forget that regulators derailed already a previous merger. now it is october 31, high time to get your scoop on. sales are increasing. is that setting the tone for the holiday season? >> it seems so because americans are going to trick-or-treat more than eisis according to the national federation of retailers. although in sales will approach an all-time high. an average of $83 in items and this sets the tone for the coming holiday season especially after we learned that in the third quarter consumer spending was not as robust. >> thank you. brett: speaking of, i saw him wearing his vampire teeth. i brought my candy corn in for the trick-or-treaters. it is great. i'm going to leave you that while i do a little introduction. it is halloween tonight and that means you can take the kids a

with baker hughes, they had the merger with halliburton, called off by regulatory concerns.e are upon ge, stepped in, looking for ideas. i think a former partnership, i think with time warner and at&t. that's a factor of the media consolidation and desire for at&t to own the content, rather than be just a distributor of the product. i think if you look at these deals, just the two top deals this month, in the at&t time warner deal and american tobacco's $58 billion purchase, just announced, those two deals count for half the deal value this month. >> absolutely. does it have anything to do with the fact that interest rates are low, even though the fed is expected to raise interest rates once this year, you know, the time before the end of the year is getting pretty short. so does that kind of incremental move in interest rates influence these deals? >> i think it's very marginal, the fact you have companies that are awash in cash, that even though corporate profits may be flat for this year, corporate profits still at elevated levels. i think the companies see their peers ma

. >> no, i'll take halliburton but no deep water.c. >> no, i'll take halliburton but no deep water. the end of the lightning round. >> lightning round sponsored by td ameritrade. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. >> no, i'll take halliburton but >>> just when you start thinking of the extreme stay at home thesis was too anecdote yap, too glib, last night the cisco, largest food service in the country, here is what you hear. i'm quoting wp restaurant industry representing 60% of the food market is not o currently experienci experiencing level of growth we have seen in recent quarters. we even got wage growth. we have lot of people and lots of place answers like i got to t

halliburton? >> ross stores nailed it. their comp store sales were 200 basis points than tjx.did a good job. they have more u.s. exposure than tj which has more exposure in europe. this is the one. i don't know if you chase it here. but it is one that if it pulls back one you buy. >> halliburton, we talked about the permian basis, where they have a trillion dollars worth of crude down there and that's at today's prices. you project that out, i think baker hughes, chevron, halliburton all work. >> is foot locker now the premiere way to play athletics? >> it is the -- >> footwear, apparel? >> it is the way that gives you the least amount of risk in terms of who is going to be the hot player or what is going to be the must have product because to john's point, they sell it all. i think that's been born out by the way the stock has performed, versus the companies that are actually making the gear. >> i've got deere and its highest level since august of '15. still long. >> going higher. >> fedex at the highest level since the ipo in '78. >> that's right. >> u.p.s. too. >> u.p.s. is

it looked to be short-term hedging in front of this opec meeting but there was one name, halliburton,t caught my eye. put volume was three times that of calls and there was one trade in particular that caught my eye. there was a buyer of 5,000 in december 49 puts, a buying paying $1.45. those break even at 4755 down 3.5% from the trading price. what's really interesting here is that just the action, like i said, xle, xop, even in halliburton, there was short dated put buying. it could an outright bearish bet, could have been hedges against long positions. when i look at halbur to be, it's up 45% on the year. up 77% from the january lows. this is a year that also their $35 billion acquisition for baker hughes was struck down by regulators. they had to pay a $3.5 billion breakup fee. this is in a very nice uptrend. i suspect this trader is playing for a move kind of back to those recent lows. it's up about 25% since september. >> all right. for more options action, check out the full show 5:30 eastern time on friday. yes, we are back. we had a day off because of gobble gobble day. >> gi

wanted to get your thoughts on halliburton. >> oh, man, halliburton, david lesar, he's doing a terrific job. i don't care whether there's a deal for opec or not, that quarter was the turn quarter. i like the stock. how about alice in florida, alice? >> caller: yes, jim, this is alice. thank you for what you do for us. >> you're quite welcome. >> all right. if this stock goes down a dollar and a half, that's where i'd do it. it just had such a big run last week, i think it's got a soft basis right now. you're coming in on quicksand. let it come down, but you're fine because i think copper has bottomed and i love what they did with the balance sheet. let's go to luis in new jersey, luis. >> caller: hey, jim, thank you for having me. >> of course. >> caller: quick question for you. patterson companies. >> there's something wrong with the dental business. we have to speak to henry schein. it's suddenly gotten very competitive. we're going to say right now -- >> don't buy, don't buy. >> we're going to jeff in new jersey, jeff. >> caller: mr. cramer, with natural gas prices so high, what do y

halliburton trying to buy baker hughes. they blocked deals that were very high-profile.hrough an election transition to have a slowdown in m&a? does this happen pretty much every time while people wait for the policies? i in june through august, interviewed people who said it would slow down before the election, and they were completely wrong. scarlet: right. >> october ended up being the busiest month we had ever had in history. it topped what had been the busiest month back in 2007. last week seemed a little quiet as people tried to assess what a trump administration would look like. that here we are and it looks like it looks most mondays. we have samsung and siemens doing good deals in the united states, and neither one of those deals were shocking. they made a lot of sense. scarlet: and you can see what happened over the last couple of months. this is on ma go. the volume of deals in october actually picked up to the highest since last november, which was a surprise. >> yet, we had a $40 billion plus deal. the biggest deal of the year so far was announced last month

for the domestics, work for halliburton.re great at 50 because they've lowered the price of technology so much. but no one thought this deal would happen. it's kind of amazing. whether it can stick or not all i can tell you is that the oil futures guys got this totally wrong. they were on the wrong side. that's why you see this move. >> financials another sector that is having a very strong open. >> yes. open. >> right. we'll see how it does through the day. but right now many of the big banks are up as much as 2%. is that based on mnuchin? is that oil related too somehow in terms of, i don't know, inflation, higher rates? >> oil-related, yes. because criticized loans will be taken -- won't be criticized. >> right. >> those loans are good. >> that's true too. that hasn't been a huge concern for the industry, bad loans in the oil sector, but a bit of a drag. >> no. listen, i think you listen to mnuchin, i think more business going to get done, earnings per share go up. deutsche bank, goldman goes hold to buy. why? new busines

anadarko and halliburton seeing big gains. the other story has to do with the u.s. dollar and the 10 year yield continues to crop -- continues to climb. still on track now, u.s. treasuries, for their worst month going back to 2009. we have a chart on the bloomberg that shows that. here's the monthly move on the bloomberg barclays treasury index. drop in thisother month as a result of this bond rout. a lot of movement, that's for sure. time now to check in on the bloomberg first word news with courtney donohoe in the newsroom. donaldy: president-elect trump says he will leave his business in total to focus running the country. he will hold a news conference with his children on december 15 to discuss the details. he says he's not legally obligated to hand off his businesses but that it is important to have no conflicts of interest. meanwhile, trump has chosen steve mnuchin to be secretary of treasury. he's a well-known hollywood financier and was bankrolling hits like "avatar." he spoke earlier at trump tower. >> we need to make sure our infrastructure is built for t

when halliburton was trying to buy baker hughes, ge was willing to spend $5 billion to $8 billion to take out the pieces they could get. they do this deal and now they will control a control the company will be third in that oil fuel services space. >> ge effectively takes over two thirds of the new company and baker hughes gets one third. ge gets most of the new positions of the chairmanship and ceo positions and baker hughes gets the vice chairmanship, but it should be noted that baker hughes gets a whopping huge payout, $7.5 billion. shares this morning, in premarket trading, at the moment, it looks like the baker hughes shareholders are much happier than ge shareholders. >> if you are able to play in a much broader array of the oil and gas sector and you couple upstream -- our domain with ge's more midstream, downstream domain. then you can go to the customer community and have a conversation about reducing their dollars per barrel in , improving the recovery factors, optimizing production profiles. all of the urgent issues that are facing the customers. nobody can do that right

look at these, chesapeake, marathon, apache, murphy oil, halliburton, a year ago these were all in real trouble. in fact, i noticed that february we were hitting 12 year lose in the price of oil, that was killing the names. chesapeake up 10%. team fox business in place for you, handle business, politics and the money. charlie gasparino in the fox business hq hot seat always known as the newsroom on an exclusive report how the trump administration may be eyeing changes to wall street rules. blake burman behind the drama filled house speaker vote, and peter at the "wall street journal" ceo news conference where trump trade plans with elizabeth warren's comments. first the administration front and center in new york city. vice president elect mike pence in the tower at this moment hoping to make donald trump make key cabinet positions, according to leaked memos that were drafted by his transition team, president-elect trump will begin america's trade reform on day one of his administration. so clearly that's the issue. remember he said he wanted to get rid of tpp and nafta? well, this will

remember, when we get schlumberger, halliburton when it got a great president, by the way, in the western hemisphere. i want to say that you should buy schlumberger. >> caller: booyah, mr. cramer, from gun barrel city, texas. >> wow. that's cool as all get out. what's up? >> caller: not a lot. calling about stm, microelectronics. supposedly they're predicting this stock soars 6,000 to 8,000. >> it's a very inexpensive stock. it's had a big move of late. i was surprised to see that stock all the way up. but marvel had a big move too. i'm going to bless it because that group is red hot. look at micron. look at amd. holy cow. let's go to nathan in florida, nathan. >> caller: hey, jim. how are you? nathan froam skip amat and go with lam research, but applied materials has been on a rally for the last two months. do you think they have more room to grow? >> i do actually. i think people were mildly disappointed with amat. i think they're wrong. with the quarter tonight, i think amat is in real good shape. i think it's a real sweet spot. i do like novelis more than amat. every day i'm stunned b

chevron, devin, eog, halliburton, marathon, murphy, transocean. mean, they've ripped. >> absolutely. >> the lesson is you have -- >> some of the gains are absurd. some of the stocks i mentioned at the end devin, marathon, murphy and -- >> there are beta thames really going crazy today, scott. >> you don't sell on some of this news? >> i took off marathon oil based on the move that it made today, and the new 52-week high, and got a little lucky there because it could have gone either way. >> i know josh and i for a long time were -- you might still be in the xle. i was in the xle, and i have been in a lot of the big names. >> i talked about conoco about to break out. boom. here it is. >> how about the pipeline moves, though? look at kinder morgan. >> some of the areas in the marketplace are i don't think are getting covered very well. >> petroleum 26%, is judge. apache, we talked about it last week because of that wolf camp down in the permean basin. it was $1 trillion. at last week's prices for crude oil. that's $1.1 trillion now. >> when we talk

if you look at halliburton up in the 30s and 46% or so, slob up 16%, baker is up. i mean, do you go and say that's been the winning trade, that's already happened. do you go refiners where it hasn't been a winning trade because now you're based on more growth, and maybe that input cost is not confirmed just yet. >> i'm not sure the oil rally today was because of more growth. i think it was because of opec saying that arabia is pushing to try to get some curb. i'm not sure i would read into today's action that we're all of a sudden unleashing global growth. you're not really seeing the commensurate rise. you're just seeing, this is very u.s. -- >> do you think the market is that ignorant, though? and i don't mean you being ignorant. >> no, i can be incredibly ignorant. >> because i think that people have already factored in that opec is going to be a nonevent. and even if they talk a good game, nobody is going to abide by it. you can come out very bullish. >> i don't know. oil was up 5% today. >> i got you. >> so you fade the move in energy stock? that's what you're

we will work with starbucks and google instead of halliburton and lockheed martin.is corporations are necessary in america, but they do not need parties representing them in congress. real people actually need a party that fights for them. when i was growing up, the democratic party was for poor and working people and the republicans were for the rich and corporations. we need to go back to that. that is when the democratic party was at its best. fighting for people. making so people have wages they can live off of. able to afford medical expenses and rent. be. is the party we used to too often, it does not seem that is the party we are left with. carol fromve massachusetts calling on our democratic line. you are on with charles chamberlain. caller: i wish people would remember that in the 1950's, we were a very prosperous country. there was far less income inequality. a 90% tax bracket. that meant a small, top amount of what very, very rich people made was taxable at 90%. amount of what they were making was taxed at 75%. and it broke on down. so we have to remember

halliburton, they have been a big company that's been hit because they provide energy services to effectivelytion. without getting paid on over $100 million. eric, thank you. something to keep an eye on. >>> elon musk may be singing a different tune when it comes to artificial intelligence. one of his startups teaming with microsoft and the development of ai. those details, next. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to

oil services as well, halliburton, baker hughes, tosoro are names that have done well.ames you should continue to watch. we've pointed out the pipeline names in the past as well. now, i want to point out as i said it's a two-pronged rally here because you have the trump piece of it but you also have optimism about the opec meeting next week. some traders are telling me that could certainly take us up to 50 and even past, but they do believe we're in one of these scenarios where this is by the rumor and then sell the fact because they don't believe opec is going to actually give us what we are expecting. meantime you've got a dollar index, assay sara eisen is so excited about, just around 101. at some point it's going to have to take shape in this trade so that's something to be worried about in the coming days as well. back over to you. >> jackie, good stuff. thanks so much. >>> meanwhile the dow hits 19,000 for the first time. joining us is the director of floor operations from ubs, art cashen, has its thanksgiving tie. it's a good seasonal reminder, art. >> well, we'r

snoo you say halliburton. >> we're back off about 4% on oil prices on some expectation that perhaps saudireement with russia to on the november 30th meeting agree to some production cuts. i don't think it matters. i think we're going to see inventory draws begin in 2017. if there's production cuts, it's only going to amplify those positions to turn in event we don't have that. i still think the supply balance comes in effect whereby you have enough demand where those positions will respond favorably for a better more firmer oil market next year. >> u.s. steel up 60%. for that reason i think you're looking to take some money off the table in that one. is that right? >> absolutely. i take the money and run on u.s. steel. up 60% since trump has been elected. also about 300% year-to-date. you know, one thing i learned a long time ago about commodity stocks, bill, is that these are a trade. they're not long-term investments. after 300% run, 60% in the last couple of weeks, i definitely cut that because, you know, there's still a lot of issues for steel out there. there's over supply. this is j

with halliburton they did some things n i racket were illegal and they moved the headquarters. conti >> this is an interesting s idea of. may be the trump foundation will take you up on that it is possible to donate money abroad illegally to help poor people abroad in the form of scholarships for believing that can't happen is a foreign country withhe the public employe eases the, u.s. >> host: next caller. >> caller: good morning. sixteen years ago george bush stole the election from all bore. to be concerned of the environment with our means of survival but here comes donald trump in to do the same thing and he boasts about polluting our air and our oceans under the guise of infrastructure. >> it is so little bit off y topic but you do raise tangential lead that of the issue of the electoral college because the reference i thank you areking t making that both george bush election in 2000 and donald trump election that they lost to the popular vote that the opponents got more votes than they did it goes back to the beginning of our history of our founding fathers but it only h

more services needed for companies needed -- for companies like halliburton.e are watching their retailers as we are heading into the holiday shopping season. macy's not lower by much. interesting study coming out from capital business credit, which is a chain finance company. it surveyed. onlysponded and found that 27% of those based in the u.s. are seeing an increase in orders. about half the demand. 20% are experiencing a decrease. be a bad sign going into the holiday shopping season. on the flipside the national retail a cessation -- retail association as optimistic. a holiday sales growth of 6.3 -- of 3.6%. that is just an estimate, we don't know if that is what the actual number will be. they also predict non-store sales will rise by 7% to 10%. seeill be interesting to how these numbers shake out and where and who are the beneficiaries when all is said and done. vonnie: always great to take notes of the forecast. thank you. word news, mark crumpton has more from our newsroom. on tapore meetings are for president elect donald trump as he selects more memb

halliburton now trading at levels not seen since 2014.th third bank currently trading at levels not seen since 2008. cincinnati-based lender that -- >> they've had a lot of new highs. >> -- came about from the merger of the fifth national bank and the third national bank. you knew that probably. >> i did. >> has a nice ring to it. fifth third. fifth third. >> fifth third. it couldn't be at the intersection of fifth and third. >> i thought that means the 15th. >> like you're multiplying. >>> let's take a look at retail ahead of one of the business jest shopping weekends of the year. joining us now is retail analyst at btig. welcome. good morning. what would you be buying into black friday? >> we like the shares of best buy right now. we think it's prudent to be defensive. we like home depot. doesn't have a lot of exposure to black friday. >> you like best buy even though they have this great quarter, they have the goaling articles. you still like them? >> we do. they've combatted show m rroosh. they're not the place to navigate and then bu

we have the opposition we will just workoo for the better corporations like starbucks instead of halliburtonor lockheed martin but that problem is corporations are necessary but they don't need to parties to represent them in congress. real people need to have a party that fights for them when i was growing up of ed democratic party was working people and a republican party was for the rich incorporations that is when the democratic party is fighting a for the people so they have wages that they s can live off of and eat and pay their bills. that is the of party that wed used to me. >> and calling in on the democratic line. >> i wish people could remember in the '50s they were a very prosperous country. with far less income inequality. sixty-two exist at a 90% tax bracket. that the small top of the very very rich people was taxable at 90%. also the next big amount was taxed at 75%. and then it would break on down. behalf to remember and at and republicans win elections when they confuse and deceiving and razzle dazzle people. no more ignorant the voters are how more likely they would be to v