this is the ibm cloud.ud is the cloud for smarter business. ♪ ♪ a lot of paints say ordinthey can do the job,ver. but just one can "behr" through it all. behr premium plus, a top rated interior paint at a great price. family friendly, disaster proof. find it exclusively at the home depot. >>> like them or not, video games are the youth phenomenon of our day. quarter by quarter, $6 billion got fed into video game slots last year. that's double what americans spent to go to the movies. >> people flock to them because the arcade game could afford expensive hardware at the time. and the hardware had enough power to do things we'd never seen before. >> there was essentially an arcade in every mall, in every street corner. the lunch money was not safe if there was an arcade around. >> arcade games at the time were the first machine that we could really interact with. we could cause a world to do something. so we'd grab a joystick and move a character around or fire something at a spaceship. we've never had experi

ibm reports after the close.l be interested to see how much is cognizant solution and how much is plain old tech which if they don't get all the lines doing the right thing then maybe the stock stalls yet again. >> great stuff. thanks for joining us. we will break the earnings live here on closing bell. you can see that interview on mad money here on cnbc. >> appreciate it. thank you so much. >> always great to have jim with us. we have big earnings after the bell. am ex, e bay and ibm all report at the top of the hour. >>> and later former white house chief strategist steve bannon will be talking about the economy, mid term elections, recent russian controversy surrounding president trump and a whole lot more. we will brg tyoli. inito u ve what do advisors look for in an etf? i tell clients, etfs can follow an index, but which ones target your goals? it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares

open an account today. >>> i think ibm's broken the spell.s it is deserving. i'd like to say there is always a bull market somewhere. i promise to try to find it for you right here on "mad money." i'm jim cramer, and i will see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ is a fashionable way to bring out your inner animal. what's up, sharks? my name is alexander mendeluk. i'm marley marotta. and we are the co-creators of spirithoods. we're seeking $450,000 for a 15% stake in our company.

techs up, ibm leading.to see an old-school stock leading things banks which have done well in the last several days after the initial earnings reports were down we've done well in the last few days banks down a little bit today. we've seen some movers today danaher up, ibm up, alcoa and ebay and philip morris to the downside guidance is a lot more mixed generally the last couple of days the reason the markets are up is because guidance is good today danaher raised guy dance ibm affirmed guidance ebay gave a very mixed but lower guidance for the rest of the year philip morris as well. that's i think weighing on the markets a little bit the much more mixed guidance that we've been seeing at least up until this morning, markets have been in a very slow-motion melt-up for the last couple of weeks. we were up 8 out of the last 10 trading sessions the trends right now is momentum's generally been good on the up side earnings have been solid the valuations are still very reasonable we're at 16, 16 1/2 times forwar

>> ibm has been in the desert for many years, right?hey zigged when they should have zagged and they were so far behind the curve microsoft figured it out four or five years ago maybe, just maybe, this is ibm's microsoft moment block chain could be ibm what the cloud was to microsoft just throwing it out there >> i'll tell you right now, cisco, not getting enough credit for what they're doing, cyber and secure security. you want to over simplify your way to cybersecurity. >> i get more and more excited with ibm along with you. the strategic side of what they're trying to do is a big portion of what they really are, but the block chain thing is another way to be involved and we talk about crypto all of the time in all of this area of the world. they are the biggest so why wouldn't that be -- >> what does that mean in terms of size? >> it's nothing. >> it's not moving the needle and by the way, three-quarters in a row where revenue has grown ask it's not perfect and it's not the transition and we saw it on microsoft, and i think this is t

. >> in tech, ibm signs a deal to turn australia's government into a top three digital institution overhe next five years. haidi: from sydney, just past 8:00 a.m., this is "bloomberg daybreak: australia." i'm haidi lun. >> just past 6:00 p.m. here in new york. i am remy inocencio. theill be looking at how action here in the u.s. and around the states will beep playing into the asia-pacific trading day. here, the markets are closed because of the july 4 holiday. it is america's 242nd birthday. people are eating hotdogs. but things are moving in terms of currencies and commodities. we will get to those very quickly. as you can see, close here. there is some movement in futures trading. let's flip up the board and show you what's happening. the dow futures right now, looking up by about a 10th of a percent. s futures up by a third. nasdaq futures, interestingly headed south. the bloomberg dollars but is just about flat. mind you, this is in very load volume trading because most everyone is on holiday. well-deserved holiday, you could say, after the andtility in recent days weeks. with no t

the ibm cloud is the cloud for smarter business. secure to the core.basement guest bathroom. your privacy makes you my number 1 place to go number 2. i love you, but sometimes you stink. febreze air effects doesn't just mask, it cleans away odors. because the things you love the most can stink. and try febreze small spaces to clean away odors for up to 30 days. breathe happy with febreze. >>> welcome back thanks for being with us oil prices are down today over 1% to $68 even on news out of the energy patch yesterday we found out that the united states produced a record 11 million barrels of oil last week get this, it's only taken five months for us to go from 10 million barrels a day to 11 million barrels, so that got us thinking what stocks benefited the most in that march to 11 million? we hit that the week of february 2 pnd so the best performing oil stocks are whiting petroleum, up 85%. holly frontier up 54%. oasis petroleum, 40% chesapeake energy, almost 40%. qep resources, also up nearly 40%. let's bring in jackie deangelis for more on this those

so at the moment we do have ibm looking pretty healthy. by the way, on track for the best day since october of 2017. let me just pop up ibm for the moment. it is moving higher by 3.5%. that's a decent move there. apple, cisco, walt disney, of course, up 1.75 after it looks like the runway is clear for it to buy 21st century fox's entertainment assets. let's flip over to the laggards on the dow. american express did beat profit estimates, but here comes ivanka trump and president donald trump. let's listen in. [applause] >> thank you all. it is wonderful to be joined by so many incredible men and women who work in the high-demand industries across our nation. thank you. and i want to thank the leaders in government, in business and education who came together for the launch of this landmark work force initiative. the president pledged to fight for the forgotten men and women of america, and that is exactly what he's done. and that is what today is all about. [audio difficulty] we're all americans, better jobs and bigger paychecks. [audio di

charles: the ceo of ibm coined the term new collar jobs. you don't need a four-year degree but you need more than a high school diploma. at ibm's page. designer, technical support. security analysis. these are great-paying jobs. instead of graduating with all this student debt that you may never pay back and you can never buy a house and start a family, this is the answer, isn't it? >> ibm stork is through the roof -- stock is through the roof. to your point, i will say this is actually -- you know, i think the american people can see there is opportunity here. and the private sector is doing something about it. they are saying what the need is and they are filling the need which is very, very important. this is going to -- if you relate it back to politics, we have the mid-terms, we have primaries coming up in august. this so healthy. people have been worried about winning back the senate and the house. if we keep things like this with press conferences showing employers to fortune 500 companies are saying we have a pledge and a commitment

when ibm came the first time about their personal computer, i became the salesman on ibm. why?w how to wear a tie. i was about the only guy around the place. bill said, you have a tie and suit. why don't you come to the meeting? david: when did you realize this is not a little startup that is going to be one company in the software world. it's going to be a dominant company? steve: late 1980's for sure. i knew the company would be something. i remember when andy grove said one day there will be 100 million computers a year sold. bill and i looked at each other nuts.aid, he is there will never be 100 million. now there are 300 million plus. david: what did your mother and father say at this point? steve: they got comfortable when we went public. they knew i would not be broke. bill offered me a decent starting salary. $40,000, $50,000. it looked good in that day and age. they knew that was a good choice. my dad still have a little skepticism. -- my dad still had a little skepticism. there were all these people and nothing physical. he said, what do all these people do? there is

when ibm came the first time about their personal computer, i became the salesman on ibm. why?new how to wear a tie. i was about the only guy around the place. bill said, you have a tie and suit. why don't you come to the meeting? david: when did you realize this is not a little startup that is going to be one company in the software world. it's going to be a dominant company? steve: late 1980's for sure. i knew the company would be something. i remember when andy grove said one day there will be 100 million computers a year sold. bill and i looked at each other and said, he is nuts. there will never be 100 million. now there are 300 million plus. david: what did your mother and father say at this point? steve: they got comfortable when we went public. they knew i would not be broke. bill offered me a decent starting salary. $40,000, $50,000. it looked good in that day and age. they knew that was a good choice. my dad still had a little skepticism. there were all these people and nothing physical. he said, what do all these people do? there is no product. what do they all do? t

in terms of top performers today, disney and ibm leading the gains., third straight quarter of revenue growth on the flip side, american express and travelers both the laggards in the dow on disappointing numbers. travelers, it was a weather impact, and the underlying business was strong. >> the expectations feel high for microsoft. now, it's done well consistently in cloud where they talk about azure or office 365. the pc market has been strong, which not a lot of people expected you expect strong numbers there. you wonder how they're feeling going into the second half you want to look at that comparison between azure cloud growth and amazon web services growth you want color on the walmart deal and more coming like it. >> we will look forward to that tonight. ge in the morning. dow down is almost 70. let's get over to the judge and the half >>> welcome to "the halftime report," the top trade this hour, the great market debate. where your money will work best in the months ahead, whether we are closer to the end of the bull run or setting up for anot

with ibm we got interested about a year ago. saw where they were headed in artificial intelligence and blockchain, and cloud, itmputing, the is not that significant now, but it is growing. they are on the verge of being successful. scarlet: ibm is a huge company in the stock price does not necessarily move on cutting-edge technology it is getting into. it tends to move on bigger things. how long do you hold each of the stocks for? to theis not responding kind of things you'd think it should be, do you hold it for less time? >> exactly. hypothetically, we would love to never have to sell any of our stuff. we would love to have in perpetuity. scarlet: what is the shortest amount of time you will hold the stock? >> it very. sometimes maybe a year or two if tofind out -- we are trying justify our holdings each day that only from a valuation standpoint but a management standpoint. we want to make sure the company is looking at everything from a strategic international business perspective. typically, the very long holding periods, we

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud. blockchain, built for smarter business. are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> you know how i love to end the show and the week. no matter what, there's always good news somewhere. we think good news ruhles. heartfelt reunion in minneapolis. a veteran was reunited with her service dog after a car was stolen with her dog inside. the car was found without the dog. after police put out a bulletin, and the owners put down shirts to offer wrigley the dog a smell to follow home, the magical reunion happened. how about that? that isn't good news. it is great news. that wraps up this hour. i'm stephanie ruhle. right now, more news with my friend, peter alexander. extraordinary interview kirstjen nielsen. bravo, my f

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built to run on the ibm cloud. >> i have a solution. not to come to our country illegally. that's the solution. don't come to our country illegally. come like other people do. come legally. i'm saying this very simply. we have laws, we have borders. don't come to our country illegally. it's not a good thing. and as far as ice is concerned, the people that are fighting ice, it's a disgrace. these people go into harm's way. there is nobody under greater danger than the people from ice. >> part of my exchange with the president on south lawn before he departed for nato today, he responded to the question i was posing about why his administration is still struggling to reunite so many children separated from their parents at the border. just this afternoon, a judge ordered the administration to explain why they are blowing past today's court-ordered deadline to reunite the more than 100 children under the age of five. listen to that again. more than 100 children under five still separated from their parents at the boarder. right now the gov

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the biggest gainer of all dow stocks, ibm.l with new business, artificial intelligence and the cloud. that is old tech keeping up with the times. the stock is up 3%. nice gain. >>> big tech names they're all down i believe except for apple. apple up 80 cents at 191. alphabet and microsoft both down too. >>> look at tesla, that's down. an investment firm needham has downgraded the stock. says we could see more model 3 cancellations, down 2%. 316 on tesla. >>> the price of oil affecting energy stocks, gone back up today, look at that, up a buck 30 at $70 per barrel. >>> we have this for you, amazon and apple, they are neck-and-neck in the race to become the first trillion dollar company. gary kaltbaum with us, fox news contributor, kaltbaum capital management president. so far on the show, gary, we had two market watchers who say amazon will be the first to a trillion dollar evaluation. are you going to make it three? >> automatically say apple since they said amazon. i think slow and steady is going to do the trick. look i beli

and then -- >> with this tool for modern times -- >> reporter: ibm came along. >> ibm chose to base itssonal computer on intel's architecture. >> and had ibm chosen some other company's chip -- >> intel probably wouldn't be here today. >> the makeup of the company started with the founders, and they said these simple words back 50 years ago. don't be encumbered by the past. go and do something wonderful. >> bob swan is intel's interim ceo. >> and there's another saying associated with this company, which is only the paranoid survive. >> we're always looking, always worried, always curious. who is doing something else? and if we're not worried about them, they will catch up to us. >> reporter: it hasn't all been smooth sailing. the company famously missed the boat on making the processors for smartphones like the iphone. then as pc sales began to slip, intel had to lay off thousands rsr the but today intel says it's determined to be ready for whatever comes next. the company is investing in self-driving cars, artificial intelligence, and other futuristic tech. like drones. that's aneel's

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it's a company that works with the likes of adobe, ebay, city struch group, and it's partnered with ibm. is it worth considering mongo db wow, i've got the ceo. so stick with cramer >>> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. directv gives you more for your thing. if you've been waiting for a sign to quit cable, then here's some signs. it came from the toaster. now you can quit cable. switch to directv and now get a $100 reward card. more for your quitting cable thing. that's our thing. call 1 800 directv. ♪ >>> it's mea culpa time. last november we ran a piece, a little company called stitchfix. sfix that had just come public even at a very intriguing story, it's basically a style as a service company where you subscribe and get curated shipments of apparel, shoes and accessories on a recurring basis. i told you the stock seemed too risky to me. too risky to recommend at the same time, stitch fix was tra

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the business -- ibm has been evacuated. we will continue to cover both of the fires and bring you more. >> obviously we have a couple of fires crews are working on. thank you. >> the fire season is off to an ominous start. hundreds of thousands of acres have burned so far. >> we are joined from oakland near the oakland hills fire storm memorial. as we talk about it, off to a bad start. >> reporter: well, let's put it this way, these numbers are so large we had to triple check with cal fire to make sure and the south bay fires will add to this big number. >> we are in the first inning of a long summer. there are way, way more fires. as of monday cal fire says 231,600 acres has burned since new years day and that's almost 625% larger than the yearly average of acres burned over the past five years. so as of july nine, 2964 fires consumed 231,600 acres. and when you add in forest land, we are up to 241,000 acres since january 1st. that's the total area of san diego and oakland combined. so we have seen some very large fires fo

>> ibm >> all right i' test test >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money." welcome to cramerica other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you call me at 1-800-743-cnbc. or tweet me @jimcramer >>> when this market falls in love with something it just won't let go when it hates something, the hate is so palpable -- it borders on the pathological. there's very little ground when the market is ambivalent about something, companies need to change their stripes if they want to do anything whatsoever the dow dropped and nasdaq declined the most beloved in the market is payments. financial payments it's worship analysts can't resist payments why the technology group has been anointed as the best way to play finance what makes financial technology so attractive? all about the long term shift from p

that pleased investor who are eager to see this company's investments and other areas pay off as ibm away from its legacy hardware and software units. the company earned $3.08 a share, that was 4 cents better than expectations and revenue that has risen for three cortecutive qs was up 4% to $20 billion and investors die initially lhe results and they sent the stock higher in the after-hours trading. fellow dow component american express also reported better than expected profit tonight and it rose more than the company says that a strengthening economy prompted people to spend more, but revenue wasn't up as much as investors had hoped even though ameran express did raise its revenue forecast for the whole year. thattock fell in initial after-hours trading tonight. >> well, it is still earlyn this earnings season, but a number of positive trends are already emerging and bob pisani tells us what they are tonight. >> peak earnings? well, not yet. with 10% of companies in the s&p 500 reporting as of this morning, it looks like another above-trend quarters in the work, almost 50 companies

this is the ibm blockchain, built for smarter business. built to run on the ibm cloud.r business. does your business internet provider promise a lot? let's see who delivers more. comcast business gives you gig-speed in more places. the others don't. we offer up to 6 hours of 4g wireless network backup. everyone else, no way. we let calls from any of your devices come from your business number. them, not so much. we let you keep an eye on your business from anywhere. the others? nope! get internet on our gig-speed network and add voice and tv for $34.90 more per month. call or go on line today. >>> tears of joy. as family members of the rescue soccer team get to see the boys through protective glass. recovering in the hospital isolation unit after spending 18 days trapped under ground. details of their rescue only now coming to light. matt rivers has the latest from thailand. >> reporter: a lot of new video here. that we're seeing for the first time. coming out in northern thailand. of videos released by the thai government. let's start with the rescue attempt. the gover

the ibm research all evacuated. the flames aren't that far from dozens of home in the santa theresa neighborhood. >> right here on the ridge of the hill, and when it was there we said we've got to start evacuating and they said we'll help you and moved some stuff out. not very much. >> computers? >> you can certainly see all the smoke from the neighborhood there and from nearby 85 and a 101. now cal fire and san jose fire hope to have full containment at some point this evening. nbc bay area's ian cole is there on the zone for us, and we'll give you a live update in 30 minutes. >> these fires sending a lot of smoke into the skies of the south bay. this is what it looks like right now. hazy conditions and very skies out there. chief meteorologist jeff ranieri checking on both of these fires. >> the wind that's giving these fires the biggest challenge. gusting up to 25 miles per hour at time. good news. temperatures dropped out of 90s and currently at 82 degrees. both of the fires there between santa these, and also m

sam seddon from ibm — the technology company that works with wimbledon — is here. you end up doing this. explain, this is your dreamjob? doing this. explain, this is your dream job? i used doing this. explain, this is your dreamjob? i used to be a business strategy consultant with ibm and got involved with wimbledon six years ago and now can combine with sports geek with technology. you love sport and you thought, how will i wangle my way in? yes sport is at the forefront of technology and being pa rt forefront of technology and being part sport and tech was a natural part. i'm glad you called yourself a geek and not us! as we know, there are so many roles geek and not us! as we know, there are so many roles that technology can play in sport. give us a sense of the data you collect. we have got people collecting speed of serve, how the ball bouncing and we make that available to the media in the commentary booths. we provide real time stat and get it across the world in two seconds. that is where the ball lands and where the serve goes. we can see why that is use.

this is the ibm cloud. the cloud that's built for all your apps. ai ready. secure to the core. the ibm cloud is the cloud for smarter business. ♪ ♪ >>> welcome back to "fast money. 20,000 bands getting ready to descend on the bark clay center for the ports tournaments. even espn will cover the competition as it tries to capture the millennial watchers. the gaming company is one of the biggest franchises thanks in large part to the gamt's e sports league. it's became the first global league with city based teams like traditional lesion when the inaugural launched in january. boasting a prize pool of $3 million. the overwatch league commissioner gives us an inside look at the epic showdown kicking off from the barclay center welcome to "fast money" great to have you with us >> yeah with, thanks for having me. >> give us an 8:45 how the teams get preciped literally minutes away from start time >> it's superexiting fans pouring in we had a huge line of people outside the center hours before doors opened the teams are downstairs, probably just resting, focusing, thinking about what'

then there is good ol' ibm. up a buck 20, up 3/4 of a percent.or any sales bumps in particular, the enterprise spending has been moving and growing. so earnings season is on. so far so good. over 80% of the companies have been beating. we're about 10% in. back to you. melissa: this market is on fire. the economy is certainly strengthening. i want to bring in craig hodges. portfolio manager at hodges fund. he is ripe with advice. we would thought we would bring you in today, jerome powell, the federal reserve chief, mentioned a few words about the tariff wars. but these stocks, overall continue to move higher. i'm just interested in your perspective about that and what we're seeing with the markets right now. we're within spitting distance of session highs for the dow and s&p is at five-month high. >> we're optimistic. these tariff wars, all the sabre-rattling gone along with it has taken down a lot of industrial companies especially some of these steel names which we really believe, steel will be in a much better position once all of this kind of

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the ibm cloud is the cloud for smarter business. >>> i'm going to say thanks for charlie, jonathan and nick. "mtp daily" starts right now. >> that's pretty good. you did that in three seconds. >> i didn't want to take away any of your time. >> thank you, much appreciated. >>> well, if it's thursday, as george orwell said, it's a beautiful thing, the destruction of words. tonight, the real motive behind the president's growing authoritarian behavior. >> just remember, what you're seeing and what you're reading is not what's happening. >> plus, tweet exposure. why the special counsel is zeroing in on the president's tweets. >>> and tariff backlash. has mr. trump lost the pulse of the heartland? >> we're not bailing out any farmers. >> could trump voters in 2020 and 2016 elect democrats in 2018 in the midwest? >> the farmers love me. >> this is "mtp daily" and it starts right now. >>> good evening, i'm chuck todd here in washington. buckle up, folks. there is reporting in "the new york times" that suggests bob mueller thinks some of the president's tweets might be evidence of obstruction

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>> ibm, good catch or dead fish, grasso >> this years ago was my secular bear stock and i do believe it is still in that classification. yesterday, if i'm going to play in the space, and you have a bear and a fish and sometimes they're dead >> let's find out what the options market is with the options action mike khouw what can we expect here it might agree with steve. it is implying a slightly higher move of 4.6% and most of the activity was bearish and the most active option were the 140 puts we saw over 2900 of those trading for $2.80 and those are options traders betting that the move at 4.6% will be to the down side so if i was looking at this i probable also would agree with steve and say i think it's probably dead money here dead money, dead fish. >> dead fish, even mike khouw can't play the game right. for more, check out the show 5:30 p.m. eastern time >>> coming up, a major shift happening in the c suite at texas instruments. that stock is lower by more than 2% after hours we'll bring you the latest right after this break i have to wear a giant hot dog suit. what? where's t

an ibm lawyer says groupon failed to purchase licenses.say the patents in question are invalid. the world's most dangerous nation is planning bonuses for police officers. that is despite claims that only one in six ordinary people's feel safe -- ordinary people feel safe. president nicolas maduro for each bonuses officer. that sounds impressive but actually works out to the equivalent of three dollars u.s. on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 100 20 countries. i am jessica summers. this is bloomberg. that.thanks very much for let's head to netflix because the company plunged in extended trade after earnings as well as user growth missed expectations in the last quarter, settling down after hours. the company missed its target by about one million users and warned of more disappointment in the current period. from losw joins us angeles. i understand that at least part of the problem was that there was not new content for people to get inspired to be new subscribers? not evenhat the

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