this is just more financial engineering that this company is doing. >> again, that's jim chanos talkingand shorting stocks without mentioning his infamous bet against tesla. the firm still has a small position, he said about 1% of the holdings he said, quote, we are still batting our heads against the brick wall tesla up 3% today, now up 23% this year and they report results on wednesday as well a big day shaping up for jim chanos on that front >>> coming up, the latest details from apple's product event, but a lot of news about their chips in particular and the stock has turned higher and luke capital's gene munster will tell us how air pods could help with your stpoure. uh-oh. that's next. you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire this is wealth. matching your job description. ♪ ♪ this is worth. that takes wealth. but this is worth. and that - that's actually worth more than you think. don't open that. wealth is

this week, we'll be joined by some of the biggest investors in the world including carl icon and jim chanos today china growth was disappointing industrial production was down oil's the highest in seven years. that's your picture now because the s&p highest since september 16th so, pete, i turn to you first. should we focus on the vulnerability of stocks or the resiliency of stocks >> oh, that's easy i'd say the resiliency we've been watching this for a long time, scott, and we've watched how the markets are always looking ahead we looked back then we start looking ahead. this morning is a great example of that, actually. when you look at the markets, we were down 150 points early on. all of a sudden, everybody's worried about inflation, all these other things suddenly, the focus got back on to earnings and that's what turned thinged and then we saw the markets rocket to the upside oil was 38 bucks a year ago and here it is 83. it's not like it snuck up on us, but i think a lot of people are seeing that yes, this rally has been real and we have to obviously trade around that. but there's go

jim chanos does extraordinary work i am sure he is watching now when he puts something out here likelib and he, obviously, did the work to support it. this earnings release this wednesday is going to be as fas mating an ibm release probably in the last ten years based on what jim just said. >> jeff, what one of the greatest scams, some of the great exist scams are hiding in plain sight. that's strong words. how do you feel about ibm? >> very strong words the most interesting thing about ibm to me is that it's actually not cheap. financial engineering or not if you look through history, as expensive as it's been since 2008 they have lost market share across all segments. it's been a tough business shockingly to me, the valuation is not more attractive just given how the stock's performed recently it's still a tough story overall. >>> coming up, a killer weekend for amc. how options players are playing this one as they slade the box office this weekend. we are back right after this [uplifting music playing] ♪ i had a dream that someday ♪ ♪ i would just fly, fly away ♪ paola needs a par

about ibm and what you expect after the bell with their earnings i think hopefully you heard what jim chanos the week about ibm, that he is short that stock he accused the company of financial engineering. they obviously have come back and denied a lot of what he had to say, but nonetheless what is your view? >> i own the stock because of the cloud strategy and how they are totally transitioning away from old-school bus necessary to new. i'm positive about them spinning the infrastructure outsourcing business it was a hit to sales by 100 to 150 basis points because it is low-margin stuff he was complaining about that being financial engineering. i just don't agree at all. at 13.5 times earnings with a 4.5% dividend yield i'm willing to wait for the transition into a better growth story occurs >> yeah, obviously he questions what they're really earning in terms of their eps as well >> a lot of people have -- a lot of people have a lot of people have done that in the past. i think it is one of the reasons why the stock trades so cheaply, i really do. >> jim >> look, these people are some of th

in investing to talk markets and their best ideas and it all starts monday with carl icahn and jim chanos jeffrey gunlock, david tpeepr, jim reynolds so many more we're back after this. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com >>> welcome back i'm rahel solomon and here is our cnbc news at this hour nicholas cruz, the accused gunman in the parkland school shooting will plead guilty to murder in the deaths of 17 students and staff members according to his attorneys they will bypass trial and go to a penalty phase and despite the pleas they will still seek a death sentence cruz pleads guilty outawithout deal and how he might still get

take away from the valuation and the idea of this being a subscription model software and after jim chanost still a car company >> i think that's an important point there. and you just run out how much they're spending and you start seeing things like they did in their ai day like they're going to have an ai robot building cars but that's why it's not just a car company. full self driving continues, i think, go higher and we'll start seeing that in margin going forward. i think that is another leg to the profitability of the company. and one of the big things, we just rewind maybe two years ago and we were talking about the going concern or people were talking about that and now i think they're going to end the quarter with $17 billion, you know, after deploying probably $1.5 billion so they're just running at a faster pace. >> well, we'll be watching tonight especially to see if musk jumps on that call and takes a break from space ben, thanks so much for being with us. we'll talk to you again soon >> thanks so much. >>> meanwhile, keeping our eye on the new bitcoin futures etf also keepin

. >> did you see that jim chanos earlier on cnbc on "the halftime report" said that he's betting againststioned a lot of their projections internally and externally was there anything new to you? the quality of earnings for ibm has been questioned and they've been blamed for financial engineering for years now. is there anything new to that thesis >> i can't really speak to that, but on the same theme, going into the earnings we did have ibm as overvalued, as we think that it's not living up to the innovation it once had, you know, 10, 20 years ago, and that it's really lagged its peers and so with that mass migration to the cloud, you're seeing companies just start to unravel their ibm ecosystem and just keep the best of breed services there. so, you know, in terms of overvaluation, we did agree there before coming into this quarters earnings. >> julia, thank you so much for joining us good to see you. >> thank you >>. >>> tesla just reported their numbers. and we will discuss with an analyst who's bullish on the stock what they are looking for on the company's earnings call later cleve