hp inc repd beer inline earnings hp supposed to be the dividend stock hp inc was supposed to be the slowerwer. and no wonder hp stock wasbeatip enterprise hp enterprise sells for ten times those numbers. and i never thought that hp enterprise would have a lower multiple than hp, but it does. at the end of the day, hp inc remains a steal given the double digit growth hp enterprise is meant to be the golden child and hp inc was meant to be the after thought. but it is the other way around i would still be a buyer of hp inc here, that is how great wiseler and company turned out to be. frederick in minnesota >> caller: jim, hello, thank you for all you do for investors out there. >> thank you. >> caller: question about lamb researcher they did a special dividend for whatever that means, down another seven% this month. do i pull the rip cord or not? thank you. >> this is a great question. and to be fair, it's very difficult when bad things happen to great companies and that is where i feel like both with lam and weld be talking about applied materials. these are fabulous companies but people ar

secured productivity by hp. it orchestration by cdw. ♪ most people come to la with big dreams. ♪ we came with big appetites. with expedia, you could book a flight, hotel, car, and activity all in one place. ♪ >>> welcome back to "fast money. bitcoin is stuck in purgatory. as the currency tries to break out of tight tradening range bob pisani >> bitcoin moved in a range about 6,000 in early february to nearly 12,000 in march it's settled down the last couple of weeks moving at an unusually narrow range about 600. that range has also corresponded with generally lower trading volume in the cnbc future contracts the last couple of weeks. what's going i think there is a little bit of a hangover from the big volumes that we saw in may prices rose in mid may remember, as they were high expectations going into that consensus conference in new york that was may 14th to the 16th. and while there were a few interesting developments there, the fedex ceo said block chain was the next big disruption. nothing really earth shak

on previous programs hp shares are up more than 13% this year. >>> still ahead on the show, a breakout moment for saudi arabia it's getting upgraded to emerging market status we'll go to riyadh later this hour to tell you why that could effect your money. >>> coming up, the countdown to that big opec decision will they or will they not increase production? brian sullivan is at that opec meeting in vienna with more on the ground what's on tap? >> we're waiting for the saudi oil minister to come out of a panel decision everybody wants to hear from him. here he comes. do not go to break please do not go to break. look at the crowds knocking people over guess what earlier, a few minutes ago when he came in, we got some comments from him about his mood, about the likelihood of a deal it's not much but you have to read every clue you can. it's oil paparazzi there we have mohammed barkindo. secretary-general, we are live on global television for cnbc. how are you, what is the likelihood we get a production deal >> we are optimistic that we will have a successful conference and we'll begin the

it did for hp. and i think it's a tragedy for both intel and brian krzanich.hink brian was doing a good job, like jeff said. particularly he seemed to be comi into his own the last year he has been courageous in speaking out against the muslim ban, charlottesville but, more importantly, stock is up 53% in the last year. and i think he has him on a roll there's always problems in a high-tech company. i ran one. the real issues here is who is going to succeed him they've always gone inside after the great triumphant of noyce and more you had craig barrett and pelilini brian is only the third since the founders i hope they'll go inside the implication from the statement was that they'll form a search committee to look outside. they need somebody with a high-tech background they should have had that person ready to go. it's nice that bob swan can step in as cfo but that's clearly an interim move they neeng tech-savvy ceo to keep them on the track they're on now somewhat parallels, what satya nadella has done at microsoft. i think they'll stay the course. little su

a little bit of rain relief as storms are going to hp to drop our temperatures where the storms are becausehey'll little scattered in nature. not everyone may see them, thouto. that's fory. we have had that chance tomorrow. the rain chance is unfortunately that is goes into our weekend forecast. >> it is very warm outside. annapolis in th 70s. now wire at 83. 79, frederick. this morning, though, we have the clouds through part of the area, but also some thunderstorms up to our north.ma ly pennsylvania right now. you can kind of skim of ato our nort east. we're on the dryer sid this morning. this morning if you are xercising, it will be very warm. 80 by 7:00 a.m. 90 shortly after lunchte, and we have isolated thunderstorms ove through. keep an eye to tsky. that being said, if you have the afternoon pool man's, we do have thunderstos in the forecast. we downloaded the nbc washington app. have that sf des moines, which is future weather showing us after lurj time. >> another round for showers and storms tomorrow and into the weekend. we are watching more rain. probably looks like saturday, tho

e's reporter: he will still be able to secure a majority with the help of the nationalist and hp partysince the failed coup in 2016, over 100,000 public workers have been dismissed or sacked from their posts, and more than 50,000 were arrested. re in turkey is controlled directly or indirectly by the government. mr. erdogan is adamant that turkish democracy is strong and e huge turnout proved it. bbc news, istanbul.r jane: re on this situation in turkey i am joined by joshua walcott. igw significant is this victory? >> i think it isficant, a lot of people were protecting he might lose or go to the second round. this is a resounding victory but at is the real surprise what happened in parliament. we are not sure how it will work out but he controls both of these imrtant bodies. jane: why does parliament matter when he has sweeping powers? >> for the entire history of the republic of turkey, parliament has been the center of power. as they shifted toward an executive presidency, the parliament represents 99% of the turkish voice. whileveryone was elected by -- while erdogan was elected b

so, we'll only continue to heat hp frome. we'll take a look at these dewpoints.sure of just how uncomfortable it ishe outside andn it's this high this early innihe mor it's quite muggy.ne counteding the air conditioning for the drive in. it will be a sunny one, too, but kind of that hazy type sunshine. code orange air quality alert today for monday, that's the whole areaus meaning it'st so humid and stagnant out there might be a little unmfortable for sensitivelo w temperatures overnight. will fall back into and aes get into the afternoon look at. that heat pump we are talking about mid t 90's, aiemperature here today for your monday, 96. 92 there on tuesday. thunderstorms will make it feel a little less hot but still very hodid. it is foray that we have that dangerous heat index i guess you could say. here's the planner as we'll rise temperature the 90's. accuweather 7ay forecast shows we'll go from6 into 94. suer begins later this week and we'll have that chanc of showers and thunderstorms lingergh t much of the seven day. forecast.look at the seven-day let's t

il .e was in the newsroom to vestatsorti connugin now touhr tghhose offices to coec etncvideeo tel hp bld a cagase ainsthe t suecspt. arendme oussslo. tno only for this newspaper falymihe re, n,eu but a big loss fo tshimm couny.it indeed. an fdheor tre g cateromnimuty oo, roaan, it waset tweed that e rdmufer o jus ihs ialournis ia dassault on our fouion and y.itl cizsen o ofur crdemoac whilenn aisapol and ttha snerpape begin to he,alol pice arus jt starting this instveioigatn. aas aronmeiont tned,he nalipohos sotginpe susct derek mos will be in court ts hi g.in e is charged withe fiv cousnt .fir fst degree rdmuer sweaat tmsai rded hisrt apame nt auin lre llast ghnit. atf andan cineni u weent insid loin agtl lite eerarli in the evg.enin e reise prenc ce iouldndatic that polic areor wriedbo aut pontteial explosivesns iidet tha apenartmt. olice recerovhaed wt they liedev a wasnloevxpsive de omfr theot shoin gensce, but larted sai thebj otec was a smoke grenade. news 4's megan mcgthra is li ve e therth misngorni. ve h bwillri ungots anhelir date in just a few tes. nroaae n, wkn yowilou wl

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the program's ac >>> tech companies including amazon, hp and oracle are among the funders of the program. the program's academic advisors will continue to work with the students during their college careers. oprah is expected to start >>> talk show host oprah winfrey signed a new tv deal with apple. oprah is expected to start working on a new original programming for apple and as it works to compete with netflix and amazon. apple did not specify wet erwin friday would appear in the shows, -- whether pin friday would appear in the shows -- whether winfrey would appear in the shows. apple has had big names in more than a dozen shows. >>> this might be the best video you see all day long. you see the small squirrel right there who just got a custom tiny cast on his foot. the young critter fell out of its nest in a fall tree a few weeks ago. then a dog picked it up and started carrying it around in its mouth. the squirrel ended up with head trauma and a broken leg but is doing much better thanks to the group wild care in novato. how about that. >>> did today feel a little different to you, m

what h i >>speaker: i think you have asked a lot of good qi w hp today are a lot of important topic. if this network is built, here is a risk, what if no one wanted to lease from it, i think that is highly unlikely personally, but how manyld t be and is there a lot of interest from from private sector in getting on this network and paying fees for it and accessing customers that way. >>speaker: are you familiar with the rfq and rfp process process. >> familiar with rfq, our office is not involved with it. i know there are bidder who is have bid and they now have a short list and they are interviewing them but we are not involved in the rfp process process. i thought the rfq was extremely well constructed and identified many of the issues that were important and digital divide. another point i want to make is that the rfq was explains it abouexplicitutbothis. there is still going to be a cost and a lot of houses don't have the hardware, so subsidies are going to need to be provided for equipment, computer equipment for low-income households and training and the rfq includes that and a

i'm glad that i'm on the side of the gentlemen that t not onlyk the time to not only hp me but to assist in me geing home safely. never in a mill years or52 my years of living have i ever experienced this. thank you so much and god bless you. it looks dry finally outsid although we did see some rain over the weekend and here's to hoping there's some reprieve to the workweek. >> absolutely i think we have some nice temperatures so let's get the wholeorecast. let's focus on the next couple of . let ' focus on the positi t before weo the negative. torm tractor radar shing this batch of showers and it's been kind of hit or miss as we headgh tout the day today. these ones started up towards hagerstown and drophed ul all t way south and this is where they're out right now and really at their strong est. we do have some thunder htd liging. i was taking a look at radar few minutes ago and there could be w somed gusts say 30, 35 miles per hour within this cell as it continues to drop south through prince george's county. brandywine still getting it right now. all dower ' just on the edge, back ou

jackie is here to hp us with the things we need to know to avoid damage.'s th not just skin care but. wrinkl uva and uvb, you need protection from both? >> uva penetrates deeply and prevents the cause of wrinkles. uvb presents the burn. you need to look for something that sayed broad spectrum, that means both. >> if you get a burn, is there a special trick to treating that soou don't get damage from that? >> yes. that's going to be that you want to, right away, be able to first of utall, get of the sun. you want to right away cool it wn. you want to put something nice and cold on it like a cold wet towel. a few days later you want to use an anti-inflammatory and you will hydrate like crazy. >> because all the hydration is rushing to cool off that burn? >> because a burn is going to actually make you lose a lot of water. let's just for a second go factor.the spf >> if you are in water and put it on and it says, good in ter, is that really true? >> spf is ann equat that's just math. if you normally burn in 5 minutes and have an spf of 10, you can stay out 10

hp a $4 billion buyback. you see what's happening fox entertainment assets. these going to continue? and do you need more to keep the market going? >> we need more for the market. the economy isn't the issue. it's very reminiscent of the nifty 50. those are the consumer staples of our time. the amazons, the facebooks and the googles. they are replacing the proctor and gambles and the cokes. charles: it went from value to overvalue to your point. can we become too optimistic? >> optimism is great. charles: going into earning season what are you look at the day after the close. stock went down, it's turning higher. if a company misses it will be punished. >> i think the fall is looking great for the economy. so if companies perform and shoot up. remember last earning season companied hampton amazing earnings then they dropped like rocks. >> is that the expectations game? >> yes. charles: one of the best quarters in the history of the markets. thank you all very much. we'll be right back. it's easy to think that all money managers are pretty much the same. but w

tried to diversify away from apple and they do have other customers, they make hardware for amazon and hpthey make hardware for the best manufacturers in the world. a sear or not this is change that will magically get them to not be pinned to apple, there is more skepticism, but it does show interest on the chinese side and the fact that the stock jumped up so much in its initial offering although it did price lower than most people were expecting it to so take that jump with a grain of salt. it is still a juggernaut of manufacturing. emily: i have a chart that shows how it dipped and now the iphone has returned. walk us through some of the other suppliers who are at the whim these numbers. >> we saw the news our colleagues wrote today about the semiconductor company whose fortune has been on a roller coaster because of the relationship they are in with apple. according to the news we broke that they had to find another partner to get into more businesses. sourcef these single companies, even more diversified ones hit oddly. emily: walk us live a plan that foxconn has to diversify other c

try to hp him. he needs some folks on his team, his party to help him. great to see you. all the best. thanks for being here. >> always a pleasure. lou: that's it for us tonight. be with us tomorrow. the doj inspector general's rt set to be released. i can'tait. canas a great meeting and i hope we get a lot more. in the meantime, here's lou. lou: good evening. our top stories, a battle for the soul of the republican party now under way. whether rino speaker paul ryan will be allowed to leave the party to certain defeat in the mid-terms. following his masters, the business round table and the chamber of commerce and the kh brothers into the abyss. or will lawmakers follow trump and legislate first and foremost for american working families and the middle class who have been run over by the donor class and the establishment that

. >> you slingshot user, you >>> hp expects up to 5,000 employees to leave by the end of fiscal '19 as part of the ongoing restructuring plan that's more than previously forecast hp is forecasting $700 million related to the layoffs. >> that was incredible to me the cash flow is extraordinary i mean, really cathy is retiring, by the way. >> yeah. remarkable. >> remarkable job. this company is on fire. they're taking share the new products i have one of the new products it's pure joy. you know, it does this stuff, david. and, you know, can yours do that >> wow. >> can yours do that look what it can do. how do i get that back anybody know and, by the way, you can scroll up-and-down. this is something they showed me it's fantastic it allows -- i have a whole column on the eagles, by the way, it's not that controversial. because they are world champs. this product is exciting and that's what the ceo is saying. it's really fabulous. >> that's right. >> oh, my god. the sound! i watched netflix on this. >> falda a good show on netflix. >> are you surprised more layoffs to come. >> yes. >> the

looking at hp billitobilliton, . anglo american up 12% bp and shell up 1% rosneft up a quarter of a percent. talking about trade, president trump's trade adviser says china has more to lose than the u.s. he insists no one should be surprised by trump's decision to implement tariffs that are necessary to defend this country. the administration's trade hawk described it as bullish for corporate america. >>> navorro said he had no knowledge of a reprieve for apple. the u.s./china trade dispute could damage the iphonemaker supply's chain arjun kharpal has been looking at this more carefully >> apple is the most exposed large u.s. tech company to this china/u.s. trade tension it gets about 20% of its revenues from china. it sold 41 million iphones in china last year. it is the fifth largest smartphone player in the market. it managed to crack this chinese market, but with that comes risks. it runs some of the services there. the likes of the apps store. apple pay and apple music. china could clamp down on some of these se

other is have this whistle attached to the life vest so if you go overboard you'll be able to signal f hp. these 24 easy tips that could be the difference between life and death. maryland natural resources police areonstantly monitoring the waterways makg sure boaters have life jacketsn board. but despite their efforts, it's been a deadly season. captain say so far nine boaters have died this year. >> in 2015 we -- at this point in time in 2018 we are already ahead of the pace that we were on in 2015. >> reporter: the latest deaths were this weekend in charles county. therbodies of two brofrom silver spring were found near cobsld. the two men were fishing saturday night. investigators are still trying to figure out how these brotheri ed. take a look at this sign. this is what they call a day rker. they believe these brothers ran into this hole. they went overboard and weren't wearing a life jacket. he says alcohol could have been a factor bause beer cans were found inside their boat. >> know what you're doing out on the waterways. know where you're going. be aware of your surrnding, parti

t righno wwoe d wtano checkn o yo wurereath andff traico tel hp d. get your friday arstte huck and sheen areer heit wh sootme h weatr.he we need to get ready for this. >>e sure do. vwenle oy had our lonstge stretch of 90eg drees dayo s far theais yrit w three in a row. av he a feeling we're autbo re tadyoip eclseha tty b aor factf twor o three mo.re >> yes. he enoave thg in90but s tin estcall reayro fodm tay roh ugwethe ekd,en e andve n nintoex t.week u'llmnai ce ouplofhi tngyos nthi teks we iwas sk,r,un locnd i wou sld hay aatr o unthgin r toeayllp kee t she of yrouce fa. your sunglassse o.to utwe here geaat bchea w ithern he forecast, b it's ryeall gogo teabe hti ungpro a und here. eg d rreesig nhtnow i wagtshinon. 68,ul dles andre fdeckri. 72,clinton. eg71 dre res nightow in untico. o a yseou'rom cngmuti tayod cause i know a lot ofeo p ple ar hengitti theoa rd andea hding out of town. ni acend y.dr theae wth werbeill cooperatg.in fitrafcs i goingbe to ba,ck but the weatheril wl be opcoineratg. wee lik to hrea. that nla g trehis inmorng, by the aft

humira can hp stop the clock.scribed for 15 years, humira targets and blocks a source of inflammation that contributes to joint pain and irreversible damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened; as have blood, liver, and nervs system problems, seris lergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b, are prone to infections, or have flu-like symptoms or sores. don't start humira if you have an infection. help stop the clock on further irreversible joint damage. talk to your rheumatologist. right here. right now. humira. over... hey, want to try it? ok here you go... over... under... hey whoa, pop, pop... your shoe's untied. ♪ even as you build your eown plans for retirement.e of, see how lincoln can help protect your savings from the impa

clinically proven helioplex® provides unbeatable uva/uvb protection to hp prevearly skin aging and skinan all with a clean light feel. for un protection. it's the one. the best for your skin. ultra sheer®. neutrogena®. see what's possible. >>> does the president believe he is above the >> certainly not the president hasn't done anything wrong. >> the question isn't is he done anything wrong. the question is does the framers sion a system where the president could pardon himself or be above the law? >> the constitution laws out the law. the president hasn't done wrong. we f comfortable in that front. >> nbc peter alexander pressing sarah sanders about president trump's claims of extraordinary legal authority following the president's tweet that quote i have the absolute right to pardon myself but why would i do that when i have done nothing wrong? joining me msnbc white house r correspondent kristen welker. kristen to you, pardoning himself. s no pcedent fthat are they still claiming he has these unlimited, extraordinary powers? >> reporter: overnight the president's attorney, rudy giuli

believe that what matters is the personal computer and one perceived as having no growth forget that hpust put through another buyback that could amount to about o 10% of the shares despite the fact that the pc business so strong. pc isn't bad but the others are growing faster flooding the world with d rams because these are regarded as total commodities. micron took pains to say over and over again that its chips are anything but commodities now. they said they are solutions seems to fall on deaf ears analyst wills solve any manufacturing problem they have with d rams this very year the other component of micron's business, flash memory has seen pricing under pressure unlike d rams, for most of this year these analysts believe next year will be a down year for micron hence the shrinking price to earnings multiple. no analyst will ever feel comfortable pushing a stock that -- going shrink next year so majority of analysts want to jump ship any second rather than later. the problem is that 19 out of 25 analysts who follow micron they have buys on it and that is a precarious situation. if

that is being shipped right now in hp servers.ently, there is a new company that have taken the technology that was developed by applied micro, they have a strong leadership team that built out the technical team, and we believe they will be successful in the space as well. emily: arm is part of softbank. i know you have said this gives you more flexibility. how has being part of softbank had an impact? simon: it has been quite a broad for us. it has been a fascinating tubing -- a two years. emily: you have been at the company for 27 years. simon: i have seen a lot of changes over that time. the last few years has been great for us. it has given us the opportunity to invest and plays bigger bets on more areas of technology. emily: like what? simon: if you think what is driving technology right now, one of the big macro themes is 5g. not just what is happening in the infrastructure of the network, but the applications it will enable. how iot enables ai. how ai will enable a whole new class of applications. and new businesses. as we

are doing everything they can to sue me on a foundation that gave out to charity more than it took in hpon't settle this case. mr. schneiderman resigned last month. after allegations of physical assault by multiple women. the new attorney general said there is nothing sleazy or political about the lawsuit. joining me for his take the former u.s. attorney for the southern district of new york. >> just in terms of the law, what could this mean for president trump. this investigation of the foundation? >> well, it's another legal headache on top of a bunch of other legal headaches, directed at some of his associates. the thing that struck me in reading the verified petition is that repeatedly in the petition, the new york ag's office makes the point of saying that donald trump himself signed documents under penalty of perjury. >> said it wasn't involved in politics? >> correct, it looks like it was. with very specific concrete allegations, people need to remember this is not a criminal case that's been brought. it's a civil case. they've done some investigation obviously, they have a lot of

she has requestedudge bry hp in that area. as of now, she hasn't received that, but in the meantime, some of the protocols that we hope to iron out are particularly once a person has been rebooked, and they're still in the -- in the hospital or in -- we'd like for -- hopefully we can work out an agreement for the sheriff's to take over. prior to booking or the case being filed by the prosecutors, tiply we have to have a detail -- typically, we have to have a detail on that, sfpd, and there are times we've had to stay on that even after the person got out. with the shortages that she had just to keep the jails covered, it's been a struggle for her and her deputies, so we're trying work that outside. thank you. >> commissioner mazzucco: commissioner hirsch? >> commissioner hirsch: yeah, chief, i was just wondering, does that reflect the actual practice that we're doing right now, does it change anything we're doing right now? >> no, it just provides guidance for the station personnel. the only true change is the authoring of the

and tips and -- >> they had you -- and did the brits hp you escape?there was not another option. of course the brits did their best in terms of -- >> are you safe right now? >> no. most of the people basically who are a threat to me are dead themselves. some are in prison. >> it's an amazing story. i really look forward to the book. thank you for sharing it. >> thank you. >>> and more ahead. we'll be right back. it's pretty amazing out there. the world is full of more possibilities than ever before. and american express has your back every step of the way- whether it's the comfort of knowing help is just a call away with global assist. or getting financing to fund your business. no one has your back like american express. so where ever you go. we're right there with you. the powerful backing of american express. don't do business without it. don't live life without it. yes. it's a targeted medicine proven to help prevent severe asthma attacks, and lower oral steroid use. about 50% of people with severe asthma have too many cells called eosinophils in

hp says it's now expecting to cut about 5,000 jobs by the end of the fiscal 20 19-year as part of its015 split with the enterprise side of the business. the original plan was calling for layoffs of about 4,000 workers. shares are slightly lower. >>> tesla, though, offering some better news. that's coming from elon musk, who told the company's shareholders that it's quite likely that tesla will assemble 5,000 model 3s per week by the end of the month. that would hit musk's long- standing goal. it would be a significant ramp-up from what tesla has been doing. it's also providing more assurance for investors that tesla may able to generate enough cash on its own and not have to tap the debt market again and raise more money. tesla stock is up by 5% in the early going. stocks overall are heading higher on renewed trade optimism. let's check the big board. nasdaq started the day with a record high. >> thank you, jason brooks from kcbs radio. > the drought in california officially ended last year. but in the san joaquin valley, more than 300 domestic wells have gone dry forcing many to rely

and it's a -- it's a rather advanced effort to try to hp the campaign with saudi arabia, and specificallyh mbs as a time he wasn't yet the successor to the , still making his move within saudi yash arabia to put himself in that position. although it sounds like the meeting didn't come off they got as far as paul manafort saying let's do it friday, at your hotel, avoid the press. and in the aftermath even though the meeting itself didn't happen, the work that tom barrick did to try to sell the campaign on the saudis and sell the saudis on the campaign had some benefits. we saw them changing their republican party platform in a way helping the saudis. and we saw manafort communicating through -- through tom barrick to the arabs to say look we are moderating this policy on a muslim band. don't worry it's not as bad as it teams. >> david kirkpatrick international correspondent for "tork tis" i appreciate your time to want. thanks for helping us tonight >> thanks a lot. >> i should tell new the commercial break between the last segment that i did and just talking to david kirkpatrick a moment

we are planning for hp financing which is eight small funding source, maybe about 1-2 million and that is actually a highly competitive in san francisco. we would not be able to be competitive for that until later in the process. >> mohcd, where are we on that? and you are still waiting -- what is a city saying in regards to modular. us here are really pushing. i think modular housing will make a difference. so where are we with that timeline? what would this cost the city? >> there is a committee on the seventh, july 6. so we provided information. they are aware of the challenges to meet their gap with this being modular. do you have anything else to say about that? >> yes, i believe that we will get through it and the city is aware that there will be additional cost if we can't make our timely decision about that. so, all i can say is we will clearly keep pushing any support that can come from the board is greatly appreciated. i know bob is already working on it. and then in terms of the city's gap financing in general, they have to provide a commitment letter for us to be committed

so hp, ibm, microsoft, intel, apple has sold more iphones in china the last three years than the u.s. apple gets about 20% of their annual revenue from china. the chinese president says china will punch back and will not be forced to eat the bitter fruit. that is a translation a direct quote. as the tension rises between the world's two biggest economies, investors showed the numbers. the nasdaq closed 2%. biggest one-day decline since march. third day down in a row. the longest losing streak for that tech heavy comp. even asia overnight, the markets reacted there. hong kong down by more than 1%. of course, our own bond market, there was this flight to safety in u.s. tenure. investors buy these bonds when they're fearful or they feel less certain of the future. the prices went up so the yields went down. worth noting, the yields have fallen the past four out of five weeks. so neil, what is clear is investors really don't know what to make of it. we have the tariffs and now this idea of blocking direct investment, which is a much more muscular and threatening move than tariffs, which r

growing their own when it comes to their own technology >> steve, as you know,the past r it's been hptel, qualcomm, very often when these big u.s. tech companies want to move into china, sort of as a condition, china tends to demand some sort of joint venture or multimillion-dollar sometimes $100 million or more inves >> right. >> in chinese start-ups and their ecosystem. some of these companies, intel and qualcomm in particular, probably have technology that falls into this arena of strategic importance that cfius is going to look at. are we going to end up with china saying if you want access to our market we need you to do this and have a joint venture and cfius may say you that , you know this better than i do, but managing the differential between --i forge the number -- 1.5 billion chinese and 300 million otherwise very wealthy americe of the biggest stories of our day the idea that the u.s. per cap pita, u.s. gdp is a share of the world has come down from call it 25 to around 20, china has come up they're getting wealthier and can make that demand of companies. if we want to pl

. >>> just so you know, hp ink c.e getting a little bit of a pop. the company higher on a stock buyback. just keeping an eye on that one. thanks for tuning into "closing bell," everybody "fast money" begins right now. >>> "fast money" starts right now. live from the nasdaq market site overlooking new york city's time square, i'm melissa lee. tonight on "fast," bitcoin showing signs of life despite a cryptoclash. founder of light coin will be here to see why the crypto-universe is about to moon >>> plus the bid and who will the loser buy instead. the traders play a special game of match maker we start off with fang gone wild these stocks are out of control. as the nasdaq closes as a record high, hitting fresh all time highs today. facebook, amazon, google all up double digits in the last month. we thought it'd be perfect time to play a game here. we like games, right kick it off at the top trade it or fade it fang style pete, we'll kick it off with you and facebook trade it or fade it. he's over there -- >> there was music and guy was dancing. we did

from the recent high in september all right, some of your big individual stock stories today include hp company now expects up to 5,000 employees to leave the company by the end of fial 2019, part oongoing restructuring plan that is more people than previously expected.hp eects prf about $700 million related to those layoffs. >>> u.s. steel planning restart another blast furnace in illinois the company will hire 300 more workers back as a result u.s. steel also backing its full-year earnings guidance. >>> credit suisse will pay nearly $50 million to settle a justice department probe into the bank's hiring practice in asia inveatn looked into whether the company hired people from government agencies in asia in exchange for business >>> all right, we are juststard "worldwide exchange. on deck, back in business, zte reportedly signing a deal that could help their company in big what that might mean for the future of u.s. trade talks with china. we will head to beijing live for a report >>> and a wednesday mystery chart for you. the one stock that your guest l coal mine, so to speak, for th

they are names you know well, they are names that are in a lot of tech portfolios, hp, ibm, dell, cisco, unisys, microsoft, intel. s&p 500 tech companies as a group get about 60% of their revenues from overseas. that is the highest foreign exposure of any be other sector in the s&p 500. even apple has sold more iphones in china in the last three years than in the u.s. in fact, apple gets about 20% of its annual revenue from china. the chinese president, of course, saying china will punch back, we'll not be forced to, quote-unquote, eat the bitter fruit. so the tension rising between the world's two biggest economies and investors are becoming more nasdaq. the nasdaq -- more intense. that is the nasdaq's longest losing streak in about two months' time. liz, a lot on the table here, a lot is very complicated with the sourcing, the components parts between the u.s., between north america and asia. in the meantime, back to you. liz: and tech was a leader, deirdre, so the leader is now lagging. that goes for energy too on a day like this. so as we look at the fear that is kind of encompassin

and to hp him out -- to help him get that message out, we made an ad targeted directly at his supporters>> president donald trump is making history. >> we cut more regulations than any administration, whether it'i four yearst years or 16 years in one case. >> he's already kept every promise he's made. >> we fulfilled far more promises than we promised. i call it promises plus.gh [ laughter ] >> america is already great agn. >> space force. space force. >> space force. >> space force. [ light laughter ] >> which means this novemb, you can take it easy. >> now, you take a breath. you relax. >> because it doesn't matter if you vote. you.ll be honest wi we're going to deliver anyway. >> so what's the point? >> why should you vote? go to a movie instead. [ light laughter ] >> so remember, this november, listen to your president. >> you're wasting ur time. >> paid for by the committee to make bad things stop happeng. [ laughter ] his has been "a closer look." [ cheers and applause ] ♪ we'll be right back with colin quinn, everybody! [ cheers and applause ] ♪ >> for more of seth's closer looks,

on previous programs hp shares are up more than 13% this year. >>> the fox hunt is on joining us toreak down the prospect force cos for comcast y is dan ives, head of technology research at gbh insights also with us is brian weezer from pivotal research. dan, what happens next will we hear a response from comcast, do you expect >> i think we'll see a response. >> a higher offer? >> a higher offer. we think the deal will get done there the $85 billion range. we still think it's disney's deal to lose iger put on the war paint and said this is not an asset they will lose. it comes down to they need it more than comcast. across the board, everything on espn, the streamline service next year for disney, they need these assets from a content perspecti perspective. you saw the stock reaction this is disney's deal to lose. now it comes to comcast and how much debt they're willing to put on >> brian, do you agree that disney needs this more than comcast does i heard competing views on that. what's your thought? >> that's probably fair to say disney needs it more because of what they've been

so i went to college and hoping e day i might make it to me nba to hp my mom and my sister d hi sister's kids and my whole family back home in the congo, and unfortunately, it was, like,ight after my freshman year, we playing pickup, think it was three our four days after my freshman year, we playing wickup games, and my friend jordan, he play for the cleveland -- they're playing continue -- it was like the last play of the pickup godmother and he asked me nor ball issue was like, no, i'm taking it and i took hit basket and came down on somebody's foot and i hurt my ankle and that was it. i couldn't -- i trade to come back my sophomore year, just so much pain, and i redshirt my sophomore year and after my sophomore year, i tried. just way too much pain. way behind on my teammate. practice today and then wait three our four days and so much pain, and we went back to the doctor. you got let it go. you been two years and your ankle not healed, it's not going to get any better anytime soon. so it was very, very, like -- it was like a hammer in my head. poof, again. because i feel like i was

somehow we have to hp ourselves to a more sophisticated and richer notion of responsibility and ability to share that. >> just briefly, we have such notion in regular peacetime law. we have notions of product liability. we already know how tolo about bad designer responsible, but it's a whole different thing if you're holding her responsible for an unintended failure of a defensive system versus actually killing people unlawfully. you get out of that very difficult second parameter if you start thinking in these more day-to-day, bouncing the europeans have made that jump despite how we all remember they are venus and we are mars, if you get out of that, i don't see the europeans truly making the paradigm shift that others have in mind. i think you're capable of it, i invite, especially what you're doing jerome is so important. you have this lagging nato, we want to be as big as the u.s. and all these new technologies , that is destructive thinking. i think you're the person who can persuade your colleague. >> no pressure. i agree definitely at this moment in time, also as mentioned in t

hp has managed to produce despite falling demands for pc.parent -- an employee alphabetsnt at shareholder meeting today. the company proposing a plan saying it will not propose a commitment to global sustainability. that is your bloomberg business flash. david: at the bloomberg invest grsatz, mike nova discussed worker does have the most promise going forward. >> anywhere there is a social uberrk with simple -- with i keep using uber as an example. it matches drivers and riders. drivers and riders and it sits in between, billing service and a map, search prices and charges 25% to 30%. that is right for decentralized system to compete with it. uber is not going to roll over. they are going to fight back. is a perfect case. what's interesting is the way the token in a theoretical decentralized uber works, it is a future on what a ride would cost or how many rides can you get for one token. and riders and engineers and speculators own that token they want to go the same direction. as more people use that service, ubers,y take d a use thezed ube

hp says that it expects up to 5,000 employees to leave by the end of fiscal 2019 as part of its ongoingturing plan that's more than previously forecast hp is forecasting a pretax charge of about $700 million related to layoffs >>> u.s. steel plans to restart another blast furnace in granite city, illinois, hiring 300 more workers as a result. u.s. steel is also backing its full-year earnings guidance, and that stock looks like it's up about half a percentage point. >>> credit suisse will pay nearly $50 million to settle a justice department probe into their hiring practices in asia that investigation looked into whether the company hired people from government agencies in asia in exchange for business >>> and a little bit of bacon news mexico's retaliatory tariffs on u.s. pork could lead to lower bacon prices for a while u.s. pork producers looking to keep more supply in the domestic market, but longer-term producers could pull back on supply, leading to prices at or above current levels in the next two to three years, so get your bacon now is what they're trying to say. >> that's alway

now, if the administration wants to come out with an exempt and -- with ann hp or exemption for appleme out and you do not have a lot of chinese products, aircraft, other things that the u.s. sells to china, that china does not really sell back to the united states, so really it is a pandora's box of you, maybe maybe you, maybe you. it is going to be very weird. only about 20% or 25% of apple is value added in china. that is how much they get from it, if that. qualcomm.e come from some are apple chips made in taiwan. some are coming from korea or japan, so it is coming from all over the world and going into china. is china going to put tariffs on bee products coming in? rishaad: very messy. tim: very, very messy. rishaad: it is like trying to -- to findething something in a sack of needles. exemptions on tariffs. we are just getting to the part of putting tariffs on, and then maybe we will have exemptions here and there. it will be very difficult for people to understand it. always glad to have you, visiting us from taipei. we are heading to lunch break there, and this is what it look

joining me is officer ross lee of the c hp san jose station. we all live here.s of the road and right-of-way already? >> good morning, jesse. the vast majority of people do. there are still instances and times where we see there is confusion about especially when a pedestrian is in the crosswalk at what point can a vehicle enter the crosswalk. the -- then we have on the other side that people who do know the right-of-way rules for the road but are in a hurry or got caught up in a distraction getting to the next location where they need to be. we are out here to do education, make sure people are aware. >> for clarity sake, if i'm driving car and someone is crossing the intersection, i stop when? >> you stop as soon as -- if you are coming to an intersection and somebody is in the crosswalk, you should have a red walk. while that person is in the crosswalk don't enter the crosswalk. >> no matter where they are. >> no matter where. >> as a pedestrian, i can cross anywhere in the street or just in the crosswalk. >> in the crosswalk. you need to cross in the crosswa

. >> i hate these oneoff insurance things i just bought an hp 12 c because my 40-year-old one went outred me on amazon they offered me a buy insurance coverage. >> i always turn it down $2.40 people should do it. >>> the biggest regional sports network by viewership could be in play. disney and comcast want to buy fox now. if fox changes hands, the yankees have the right to buy back control of y.e.s. network who wants this the most? who is the most valuable for >> the yankees. >> why more valuable to the team than the media companies >> just because it's small enough it really isn't going to move the needle enough for them. if you think about the yankees, they get paid for the rights to televise the game. in some ways it's shuffling from one pocket to the other. >> i would say santelli. santelli knows so much about baseball i can't bring myself to argue with him. >> we have more breaking news. sue? >> reporter: indeed. the founder and former chiefi operator are being charged with wire fraud schemes this indictment was handed down in california from the department of justice and basical

how about nimble acquired by hp. 445,000. a goldman sachs employee that literally traded on stuff he knew. >> how he thought he wouldn't get caught. >> because he had friends' accounts and, you know, honestly j.r. smith has nothing on this guy. [ laughter ] >> almost every dow component is in the green ge, i think is lagging jpmorgan is in the lead. diamond said economic expansion may be two-thirds of the way through the course trade is negative. the expansion could easily continue and added lowest u.s. tax raids are making foreign competitors nervous about keeping up >> wow, really the tax rate was mentioned by almost all the retailers that reported there was news about italy earlier in the week. >> yeah. that kind of receded they have a government now the ten year yield is down 2.56 or something. >> do you remember what it was the 40% off sale that caused it it lasts only for another week. >> europe did reopen. >> i ordered a flight jacket. >> wow. >> this is one of the best. >> that's beautiful. >> this is for 180 and i go

never mind that they turned around hp and giving you double-digit growth.'re dealing with a company that sells at 13 times earnings. remember micron sells at 14 times earnings, but micron is allegedly more boom and bust i don't think it is anymore, but -- look, intel from the days of moore, and from the days of andy grove, craig barrett, titans titans >> meanwhile, from the stock perspective it seems to be responding more at this point. we have 15 minutes to the revenue announcement as opposed to the resignation of a well-thought-of ceo. >> they get a report right now for how the quarters end tip leak at intel, but they know what it looks like >> yeah. >> this is a terrific piece of news and you can take a lot of extrapolation and yes, that could have another outperformance day if we continue to focus on the fact that fang is doing well. if david gets nxpi news and it was acting qualcomm stock is undervalued here and there are a lot of semiconductors that are good and microsoft is breaking out and you're looking at ge >> although you did see that the last t

. >> after having something similar happen at hp >> there needs to be opportunity for someone to be forgivennge their course, do something right. so i don't think -- that is what i mean by that he will be fine >> denise raises a point which is this is not a moral issue if the rules are flawed, it should be up to the board to change them. >> but the core of rules is some kind of morality the core of this rule is that the reason you don't want a manager dating sody within the company is perhaps they have some some kind of power over them, somehow they will affect their career right? so it is a moral issue quite frankly. the slicing and dicing of >> i also say it is a trust issue. he has advisably broken the trust that the board has in him by violating this guideline. and that kind of trust specifically at the ceo level is very hard to regain. so i do think that at this points it is time for everyone to kind of move on and learn the lesson everyone in the organization understands where the board stands on their values and get a new leader in there who can start with a fresh slate and start buil

the bell, up 220 points, a pop on the close for the dow, percent gain for the dow ringing the bell is hp nasdaq, immp kelly has the second half. >>> thank you, wilf, welcome, everybody, i'm kelly evans quite a week here on wall street starting off with a major selloff. dow down more than 500 points with the lows on tuesday, and climbed back a little bit, adding a little more than 218 points today that pits us at 24634 for the blue chip, 9% gain same for the small cap russell adding 14 points today to 1647 nasdaq, best performer, 1.5% higher to 7554 today, and the broad market s&p 500 up a little bit more than 1% to 2734 the s&p and nasdaq are going out in the green this week and 10-year, interest rate fell sharply on tuesday that really hammered the bank stocks, and that was, of course, on uncertainty out of the italian elections in particular. back 2.9%, after the jobs rating this morning, and we'll have more on that in just a moment, and he's best known for shorting stocks coming up, andrew left talking a social media stock he's bullish on, so we look forward to talking with him in a c