some of the companies like hasbro got beat up this quarter.his was the one where the retailers didn't know what to do it seems like the end markets and you've got powerful end markets are confused by the tariffs. >> yeah, you know, we've been in china for 25 years we've been manufacturing in china. we have a great market in china. you know, it's our number two sales market in the world. so we've -- as the tariffs have gone through we've done everything we could to manage our supply chain to just go after straight lower cost reductions, raise prices where we needed to in the u.s. and we've made some moves to factories outside china so it's been a concerted effort to set o ourselves up to mitigate them. >> are you trying as the president wants to get out of china or just kind of slow and steady, you're doing okay, no need to leave a country that's been so good to you? >> well, you know, we're attacking this in a collection of ways. we do have some exits from china but we also have some other methods to lower our costs and we've raised prices in

these earnings are good unless you are hasbro. are i about 7% beating adjusted earnings as well as operating revenue. hasbro totally different story. the tariffs actually cut into toy sales. we are waiting for the tariffs to affect the consumer and in terms of hasbro it appears it is finally moving into that sector. tomorrow on bloomberg daybreak: americas, i'm going to speak to the jetblue ceo. we will have more on your morning trend analysis in today's first take. this is bloomberg. ♪ alix: we are giving you the news to get the trade analysis of the markets. joining us is vincent cignarella. gina martin adams and also with us on set, mattie desk there. and iy i start on brexit turn to this. i'm not going to do that this time because earnings are actually really good. there are beats and raises happening. what is this? >> pretty good start. i'm not going to count my chickens before they hatch. we are still less than a quarter of the market cap reported. today we have a few raises to expectations. alix: especially we were assuming

issues, weseen trade saw with hasbro and ups. abigial: relative to hasbro, those sales having the weakest day in 20 years, some of their supply related to the threat of tariffs. tariffs were delayed to december 15, but the threat of tariffs has messed up their supply chain. as for other earnings bloopers, giant having its biggest move ever, going all the way back to 1991, not just a good quarter but also around an alzheimer's drug that could be pretty promising. david: just bring one on you, we just got a headline on boeing. once stable, it is down to negative. the news is not good. -- abigial: the stop not reacting. you can see this is some extent priced in. they reported this week, interesting to see if there numbers are impacted at all by andnews around that 737 max some of the more recent revelations that the management could have done something differently. david: boeing is up almost 2%. abigial: could be priced in. david: now we will turn to mark crumpton for bloomberg first word news. mark: the impeachment probe into presi

by don't see hasbro taking a major hit from the tariffs >> the retailers were like, we don't, we do, up the shipping costs we s warehousing costs. we see today with hasbro just how expensive it. >> they're moving their production away from china if those tariffs go in, only half of their products they'll projected coming from overseas, they can kind of mitigate the tariffs somewhat >> we talked about the u.s. and the china, that's the decoupling >>> we got to talk about some wework, the story of the day, it faces this culmination today, as well, according to sources wework's board has picked softbank as its savior over jpmorgan so softbank has put in the amount cnbc confirms former ceo could walk away $1.7 billion in equity and debt robert, is he the only winner here i mean, is the outrage going to grow or what happens now >> the outrage is definitely going to grow. he'll become exhibit a for the world to think the rules are different for the wealthy. this guy destroyed how much wealth and ended up with, you know, six homes, multiple commercial buildings, a billion-dollar payout and

. >> hasbro wasn't good.t was bad biogen is pretty amazing >> this is a drug, by the way, not only was it in nobody's numbers, that was because they -- the fda is pvery proactive. >> this is a story of the morning. >> you're right. i wasted time. >> we're talking about a potential drug here that could treat tens of millions of people, we talk all the time about aging populations, the world over if in fact you actually were really making progress on treating alzheimer's, let's tell people what actually happened this morning yes, biogen did report earnings. but what was most important and why the stock is going to be up 82 bucks at least is this phase three emerge study they -- remember back in march, the stock dropped like a stone from the 320s because of the -- they failed to reach a primary end point. they met the primary end point showing a clinical reduction support the findings from emerge they experienced significant benefits on measures of cognition and function, such as memory, orientation, and languag

. >>> meanwhile toy maker hasbro. might the nerf guns cost more for christmas. >> that's another reason why kids might want to send their letters to santa earlier. there's two big problems. one, the tariffs already put on china is causing sales to go down, eating into profits. two, there's mass confusion over the timing on testify tariffs that are supposed to go on china in december, so hasbro said that created some chaos in its supply chain. retailers didn't know when to buy orders from hasbro. so it's a really good example of the real world impact of this on again/off again trade war. >> the president pauses and has another one of the books. it's chaotic for many of these companies. meanwhile elizabeth warren is sounding an alarm. she sent a let ore the treasury secretary mnuchin, and she wants a response by november 1st. are they using what's happening to try to make a case for less regulation? explain that? >> leave it to elizabeth warren to really get into the weeds of the financial market. last month we saw it.

you know hasbro, right? though i was told not to eat i ate because it smelled so good. rival mattel is getting caught in thedown draft. down 6 1/3%. bring in somebody who understands markets. clear bridge portfolio manager. 146 llionn assets over at clear bridge. give me a sense how you feel about the market as we put up names you really like? >> it has been a very volatile market over the last few month. the market was very strong, beginning of the year, we sold off hard in august. we recovered sharply. tough market to navigate. so many different crosscurrent. liz: today, for example we would be up were it not for travelers and mcdonald's. they are contributing 140 points of losses for the dow which is down 29 points. you know, how can investor anticipate that? as you look at some of these names, united technologies you like, blackstone, apollo. kinder morgan, why these names? >> what we're seeing today is continuation of a lot of things we've seen, bigger macro things. brexit with the vote going on in the

hasbro has warned it may raise prices. the president's advisers say the economy is strongest longest to observe. >>> coming up, turkey, sanctions not enough to keep an eye on turkey. cnn live in turkey, next. smart bed you can bothth t0 adjust your comfort with your sleep number setting. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. and snoring? no problem. ...and done. will it help me keep up with him? yup. so, i'll wake up ready for anything? oh, we've got your back. so, you can really promise better sleep? not promise... prove. and now save up to $600 on select sleep number 360 smart beds. ends saturday. the medicare enrollment deadline is only weeks away. with so many changes, do you know if your plan is still the right fit? having the wrong plan may cost you thousands of dollars out of pocket. and that's why i love healthmarkets, your insurance marketplace. with their new fitscore, they compare thousands of plans

. >> hasbro really went through -- she read the transcript and you feel exhausted reading it.re were four times that there were threats of tariffs going into effect. three of those four were postponed. hasbro was going to be having fire drills getting expedited shipping, warehousing extra stock and you can understand. we all know expedited shipping cost money. even just clicking on your amazon. you can see that they have massive increases in costs. they are running one fire drill after another in the third quarter and they have a very specific plan in 2020 to really move their supply chain out of china. >> neil: there are a lot of guys still caught flat-footed there and exposed to it. does that change with this phase one deal? most of it is a commitment on the chinese to buy agricultural products. >> the fact that the third quarter specifically, we had proposed tariffs that went to an effect that got delayed. at the time you don't know they're going to be delayed. as you are scrambling to basically get the shipments into the u.s. earlier before the proposed date comes in, it e

>> buy, buy, buy >> i have been thinking of the company hasbro gaming. do you think it's a bear or a bull >> oh, i'm very bullish on hasbro 89 when we last had brian on it went to 118 he is trying to move all the china manufacturing away, but more important, patrick, i have to tell you, you make me feel great, and so does your mom because i know i'm relevant. hey, by the way, we are six years older than patrick, and we're closing in on what show? our 3,000th show sentiment is so negative right now, we don't get some sort of trade deal, the sentiment might turn out to be correct on "mad money" tonight, i'm getting to the meat of hormel's investor today with the ceo, finding out if it's time to add an investment in the company then this popular retailer stock has taken a bath in this market over the announcement of a new ceo, the stock soaring today i'm browsing the aisles of -- well, a tease. i'm not telling you yet. >>> and my exclusive with a man who dressed america, including me, the legendary mickey drexler. so patrick, and everyone else, you're not g

proctor and utx with nice earnings prints but mcdonald's and hasbro has been disappointments and let's get to the judge. >> carl, thanks. i'm scott wapner front and center the dow download, four components reporting, two other making stock moving news. it's 12:00 noon. this is the "halftime report." >>> big beats, big misses. how to play the latest round of earnings from p&g, mcdonald's and more united tech not only beating but raising its outlook. the number one industrials analyst tells us why this is the stock to own in the group. >>> under armour names a new ceo. the stock down 25% since its last earnings conference call two and a half months ago. should you buy on the shakeup? >>> biotech getting a bounce in the back of biogen two names you need to watch in the space. "halftime report" starts right now. >>> welcome. good to have you with us our investment committee today, joe, stephanie, josh, brynn is back let's begin with this big day for earnings stefrl dow stocks are moving this hour. let's talk about some of those right there. stephanie link, you go first mcdonald's is a drag

and the trade war his hasbro as the toy maker missed op profit and sales due to tariffs increasing sppingehouse costs. even though it had strong toy sales, tied to disney movie franchises like "star wars" and frozen ii. the shares tumbled almost 17% to 100.02. >>> ups beats beat on earnings driven by next day delivery service. ril fedex cutting ties with amazon and strong demand in online shopping. the company missed on revenue and trade tensions impacted the u.s.-mcshipping but the ceo sees hope in international trade. >> what we like to see, trade developments go in a more positive direction. we think there are reyes of sunshine when you hear about the first level between china and the u.s. brexit seems to be a a path. we believe there is opportunities there. >> shares fell about 2% to 116.10. >>> and increase in international sales helped harley-davidson post better than expected sales. but the motorcycle maker saw decline in u.s.e sales. high he were tariffs and finding way to entuesday younger riders. the stock rose 8% to 40.04. verizon said it's offering unlimited wireless and broad

nasdaq finishing down almost three quarters of 1% among the stocks having a bad day the toy maker hasbro dishing dined. some 16% after their latest results. italy and france the fallen fad of the european commission because of their spending plans. the commission wants clarification from both paris and rome over there twenty twenty budgets saying they don't meet you spending rose. kathy vs has the details. budget woes again for italy and the european commission warns role it could be in breach of e. u. fiscal rules. a l letter sent to the govevernment warned italy's plan does not comply with the debt reduction benchmark in twenty twenty. italaly found itself in a similr situation a year ago and was ultimately forced to accept the measures demanded by brussels which included tighter spending and more debt reduction. this time around rome is hoping to convince the e. u. to accept a deficit of two point 2% of gdp but the crucial factor is its debt load a hundred and 38% of gdp the secondd largest in europe. the e. u. is concerned that italy's budget will add to its debt. france too was faci

big drop there, 15% down for hasbro.re's a chinese drug company reportedly considering a bid for the retailer gnc. gnc is up nearly 14% on that news. and another one, harley davidson, international bike sales strong. the stock is up 8%. okay. lots to go at there. most of those stocks we mentioned are up. >>> who's with me? mike murphy is back, kristina partsinevelos and lauren simonetti. mike, how would you characterize the earnings reports that you have seen so far? >> they have been good to very good. i think they are enough to push the market to higher levels but remember, we have seen good numbers out of places like the financials, the banks. we need to see strong numbers from the growth area, from the big tech names, and we will hear from them soon. that's what we need to push us to new highs. stuart: when we see mcdonald's and amazon -- sorry, when we see microsoft and amazon, this week, that is really make or break for the whole market, isn't it? because if either of them really disappoints, that's a problem. >> i

that includes mcdonald's and hasbro. feeling the pain of the battle with china.ging by 16 percent. was go to the big board. right now the dow jones going back and forth. the nasdaq is getting 31 points and the s&p is up by six points. >>> time to check traffic. getting ready to head out the door. >> it has been tough this morning. we had a couple of things on th it has really caused a back up. seen delays of the eastshore freeway. live look right here. meteor lights are on. then opened up nicely in san francisco. it has pretty much been like this for quite some time. is working its way. very slow and go as you have there. everything is on time for bart right now. with my baby. over to the right shoulder. is low right as you were away with. still busy heading into the ultimate best. we have the accident including on the right lane. the 580 connected. delays all the way into livermore valley. waiting for that to officially clear. five 880. we do have reports of the accident. stop and go conditions are in effect. not too far connecting to the san mateo bridge which

hasbro down 17%. that's the worst day since december 2000. why?ffs ate into the toy maker's profit. facebook lost 4%. it was a headspinning day. under armour's ceo is stepping down. they're having trouble attracting customers from its rival nike. but changes are happening there too. mark parker is stepping down from nike. he said, i strongly believe the best way for us to evolve and grow as a company is to bring in a phenomenal talent to join our team who has long been part of the nike family. >>> pizza hut is testing out a new pizza. the pie will come in an environmentally friendly round box. pizza hut says it uses less packaging. the garden pizza and round box will get a test run. i'm very bullish on the round box. >> i like it. i'm not necessarily sold on in cognito yet. but i'll try. >>> we've heard president trump. while you were sleeping, john lithgow spoke. >> it was not hacked by the russians. it was hacked by hunter biden who was being directed by a tiny hillary clinton in his neck. >> wow. that's a bold assertion. you do have any proof o

hasbro off, after company said that china trade tensions were cutting into their profits, retailers wereanceling orders ahead of new december 15 tariff, softbank winning approval from wewerk board to take control of company it faces major cash flow problem, adam new man will take the money offers to step away from hillm of the company. >> thank you so much. >> up ahead, big impeachment story is now selling the impeachment narrative to voters, nancy pelosi out with a new quote, fact sheet. >> and reports coming in democrats are threatening to withhold paychecks if president trump officials do not cooperate? that story coming up. most people think of verizon as a reliable phone company. (woman) but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. virtualize their operations. (woman) and build ai customer experiences. we also keep them ready for the next big opportunity. like 5g. almost all the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. ♪ they give

proctor and utx with nice earnings prints but mcdonald's and hasbro has been disappointments and let'sthe judge. >> carl, thanks. i'm scott wapner front and center the dow download, four components reporting, two other making stock moving news. it's 12:00 noon. this is the "halftime report." >>> big beats, big misses. how to play the latest round of earnings from p&g, mcdonald's and more united tech not only beating but raising its outlook. the number one industrials analyst tells us why this is the stock to own in the group. >>> under armour names a new ceo. the stock down 25% since its last earnings conference call two and a half months ago. should

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hasbro set the threat and enactment of tariffs reduced costs as well.hought they dealt with that supply >> i think they are moving away from it. it will take a while they have been working on it >>> when we come back, chipotle and mcdonalds reporting this week which stock should you have and the top restaurant stocks. a quick check at the european markets. the ftse is now up about .4% mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. it is already working in cities like tokyo. oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. >>> welcome back, everybody. the fast casual restaurant sector performing

alix: but we had hasbro yesterday, which wasn't the case. they warned about trade. about the outlook, and caterpillar sounded pretty terrible. they were also guiding for not great earnings, and it was even worse than everyone expected. texas instruments, they are like the first port of danger. what do you see that's good here? instruments, i would put that on the industrial side, same as caterpillar. on the flipside, look at some of the health-care care company's reporting. if you look on the hmo side, we have companies that are growing their earnings point percent plus this year, and yet are at low double-digits. mark: how are they doing that? tell us about how they are growing their earnings. tony: first of all, these companies grow because demographics, populations growing. alix: we are all getting old is basically what he's saying. [laughter] tony: unfortunately, yes. so we consume more health care when we are older. that means a growing revenue base. these companies are also getting more efficient. they are getting larger. they are using technology to control c

but let's pivot to hasbro.he stock falling precipitously in today's trade tariffs continue to eat into profits and there's still this key question on traditional questions on china on december 15th, going into effect. and that stock is trading down here now let's send it down to bob pisani at the new york stock exchange >> taking a look at couple of the over stocks moving we had a penny beat from u.p.s. for their third quarter. they affirmed their full-year guidan guidance by the way, the ceo unexpectedly retired. one reason we're seeing the stock trading down elsewhere, howard hughes overhauling its leadership model, embarking on a cost-cutting program the company said it will eliminate their company structure and move to a decentralized regional management model new york's south street sea potter has been a drag on their earnings no announcement there of a sale or a joint venture that's likely where the stock is trading down there's the closing bell we are sitting right at the lows of the day the dow down 33

guidance going forward "frozen" ii merchandise will be coming online in the next few months s that hasbroles of american girl and barbie, that eare mans to be seen i'm a father of four girls, so i tend to have a little bit of knowledge in this sector and the daughters are eagerly awaiting "frozen ii. >> god bless you that sounds like it's a lot of american girl dolls, potentially, to be buying outfits for. paul hickey, barbara duran, thanks for joining us today. >> thank you >>> still to come, at&t unveiling details of its new direct-to-consumer streaming service, hbo max, and david far ves tobediin the latest when "closing bell" returns in 90 seconds. mini is a different kind of car. ♪ ladies and gentlemen for a different kind of drive. ♪ ladies and gentlemen for the drive to create a new kind of family car, that became a new kind of race car. for the drive to rebel, zag. for the drive that's inside you. and inside us. that's the drive under the hood of every mini. because every mini is... for the drive. ♪ >>> welcome back to the "closing bell." mondelez earrings are out and leslie picke

given that hasbro poses meets the terms set out and the amendment passed on in this house, can i askhat has been dogging us for so long. it was my right honourable friend's amendment which went to the heart of what i think the house so as the fundamental problem of the previous withdrawal agreement, and these proposals do indeed address those concerns. i hope that right honourable members will get behind it. i'm sure that you will have observed that the prime minister's predecessor, at least to her credit, got things in the right order. she got things in the right order. she gotan got things in the right order. she got an agreement with the eu that did command support, it has to be said, in northern ireland. but she couldn't get it through this place. the prime minister thinks he has got the support of parliament, but he hasn't got any support from the eu, nor the people of northern ireland. soi nor the people of northern ireland. so i congratulate him on getting a deal with the erg and the dup, but i remind him that the dup do not represent people of northern ireland. and i observe