kyle bass, thank you.nks for having us, as always. >> thanks for coming. >> when we come back this morning, broadcom up sharply. third quarter results getting a boost on big demand for apple products. will the company be able to keep the momentum going? the ceo will join us for an exclusive interview. the best performing stock on the s&p this morning in just a minute. when change is in the air you see things in a whole new way. it's in this spirit that ing u.s. is becoming a new kind of company. ing u.s. is now voya. changing the way you think of retirement. can you start tomorrow? tomorrow we're booked solid. we close on the house tomorrow. tomorrow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. csx. how tomorrow moves. >>> a big stock mover today, broadcom. it is the top gainer right now in the s&p 500. shares of the chip maker gaining about 7% this morning after the company beat wall street's earnings expectations. call it the app

kyle bass.hat we're talking about right now overall, this idea that we have macro and micro effects, the idea we have all these things at once, maybe the heavy hitters have something at least we know about. >> with einhorn, gold was his thing for awhile. not the only thing, but dead wrong on gold. by saying wow, i like some of these and then turn bullish. i don't think he was that bullish on a lot of the overall prior to that. to say, wow, we were able to buy things indicates to me he might have come out over the past three years. if you're one of those guys that were worried they weren't in. >> they do pick their spots on the market. it's about whether they can string these stock picks together. that's what generates the returns. >> past performance is not indicative of future performance. you have to say probably pretty indicative of -- but you can't give a past to everybody. you can be hot and cold. even john paulson, guys like that. >> he made a great bet and maybe not a great bet on gold. y

kyle bass was on the show yesterday. fund had huge losses because of gm. >> i think management is doing a great job. look at the valuation of this company. it's worth $28 billion today in enterprise value. they'll do $16.5 billion ebitda next year. they'll do $6 billion in free cash flow. it's a 20% free cash flow yield. >> i guess the question is whether they -- what is it now? 30 million recalls behind them and 29 days? what is your view how berra is dealing with that and moving on? >> i think she dealt with it extremely well. now it's just a question of execution. if you look at recent history in the automobile business, everybody is issuing recalls for everything. i don't think the recalls are hurting the company one bit. on the contrary, with all of these people being called back to gm dealerships, i think it's very good for sales. >> can you get them to buy another one? >> no. what happens is the owners of these old cobalts would normally never visit general motors dealership but because of the recall they have to.

. >> hey, rick santelli, you have to tip your head to kyle bass today.ere's what he said in the october 20-second interview. he said, talking about the bank of japan's meeting that just happened, i think karoda is going to have and have his draghi moment. did that just come true? >> well, i think it did but i think the question that -- i'm amazing that mostly only traders ask is, and simon hobbs, you were excellent this morning talking about the 270 billion that's being purchased in their own jgb market. do you think that the japanese would give up over $400 billion to go into markets that don't need their help to stay afloat? isn't that really the question? and, you know, i know nobody likes to talk about it. yes, very, very healthy things going on in the u.s. economy. there's healthy things going on around the globe and most part there's another side of the story, as well. and the debate will go on. you know, if there was no big fed balance sheet and the central banks acting normal, then we could kick the tires and really trust the levels of the equity

david faber is at the barefoot economics summit in texas where he's going to talk to kyle bass laterantime, futures relatively stable here after the s&p's best day of the year. five straight up days, the longest streak since about june or so. ten-year yield steady at 2.2. consumer yield prices once again tame. oil has $83 back in its sight