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Jul 18, 2015
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betty: in fact, about 64% of his las vegas sands revenue comes from his macau properties. nce opening the sands in 2004, he has expanded into other industries. ries,ding fairies, -- fer bringing people from his resorts in hong kong to macau in high-speed boats. sheldon: what i recognized was there was not enough ferry service. what do i know about the ferry business? what i know about every business when i go into it. zero. but there's not much i cannot learn. i believe this industry in which we operate, the lodging or gaming industry, i believe it is a supply-driven industry. if i put those buildings there, they will come. betty: and they did. sheldon: and they still do. betty: when we come back, the battle for market share pits him against the ho family. not just lawrence, but his sister, pansy ho. she tells us how she is trained -- is trying to keep the gaming industry all in the family. pansy: my father paved the foundation for macau today. we carry that torch. ♪ ♪ betty: sheldon adelson may be trying to conquer macau, but patriarch stanley ho's industry is far from fai
betty: in fact, about 64% of his las vegas sands revenue comes from his macau properties. nce opening the sands in 2004, he has expanded into other industries. ries,ding fairies, -- fer bringing people from his resorts in hong kong to macau in high-speed boats. sheldon: what i recognized was there was not enough ferry service. what do i know about the ferry business? what i know about every business when i go into it. zero. but there's not much i cannot learn. i believe this industry in which...
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Jul 22, 2015
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and las vegas sands jumping 4%. we'll hear what chairman and ceo sheldon adelson had to say about the quarter straight ahead. let's start with qualcomm. it is still lower after reporting mixed earnings and announce a strategic review of view of its business. cnbc's josh lipton's been monitoring the earnings call and joins us with the highlights. josh. >> well, melissa, obviously the focus on this call is this restructuring plan cutting $1.4 billion in costs, adding directors to the board. the changes to compensation. on the call ceo steve mollenkopf trying to sound a note of optimism and confidence about the chip maker's future. take a look what he said to analysts. >> we have significant opportunities before us and we are executing on a strategy to realize these opportunities. we are absolutely committed to leading the next wave of mobile computing and delivering profitable growth in new areas beyond the smartphone. in order to deliver significant value to qualcomm stockholders. >> now, mollenkopf also talking abou
and las vegas sands jumping 4%. we'll hear what chairman and ceo sheldon adelson had to say about the quarter straight ahead. let's start with qualcomm. it is still lower after reporting mixed earnings and announce a strategic review of view of its business. cnbc's josh lipton's been monitoring the earnings call and joins us with the highlights. josh. >> well, melissa, obviously the focus on this call is this restructuring plan cutting $1.4 billion in costs, adding directors to the board....
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Jul 22, 2015
07/15
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as well as las vegas sands, american express. we'll give you the trades ahead of tonight's open on "fast." >> how about jumbo shrimp? "closing bell" starts now. >> welcome to "closing bell." here at the new york stock exchange. >> tough to keep with brian sullivan sometimes, isn't it? mind is always going there. tectonic weakness. disappointing reports from apple and microsoft last night are weighing on the dow and nasdaq today. and investors now await numbers. more news from qualcomm and texas instruments in the bell. the chip sector has been in tough times these days. >> and it's more than just after the bell. american express, las vegas sanz, all expected to report in just an hour from now. >> other stories, mcdonald's they're about to make a big bet on all day breakfast. will this be the move that finally turns things around for the fast food giant? or is it just too little too late? we have both sides of yet another heated debate on mcdonald's. everybody, you either love it or hate it right now. nobody is lukewarm on mcdonal
as well as las vegas sands, american express. we'll give you the trades ahead of tonight's open on "fast." >> how about jumbo shrimp? "closing bell" starts now. >> welcome to "closing bell." here at the new york stock exchange. >> tough to keep with brian sullivan sometimes, isn't it? mind is always going there. tectonic weakness. disappointing reports from apple and microsoft last night are weighing on the dow and nasdaq today. and investors now...
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Jul 22, 2015
07/15
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las vegas sands, solid or right in line? seems like their margins were better.in macau over 60%. the reason they were a big deal was analysts were wondering how proposal they had to be and it seemed like if their margins were better -- joe: they would not have to spend such as much -- as much. alix: don't miss this, the number one thing used care about, european sales. europe is showing some kind of improvement. that could be a roadmap in the u.s. and it makes up 72% of sales. on earnings, this could be a key metric for sales in the company. joe: another thing that you should not miss, tonight, another greek boat. coming back to parliament, and a will vote on the bailout, it is not expected to be dramatic or anything. , you will want to watch these different marks to see how they do. alix: totally. we love the greek. joe: absolutely. alix: emily: apple shares tumble, dropping $30 billion in market value. why some art concerned about the company's pace of innovation and what tim cook can it do about it. ♪ i am emily chang, this is a special "bloomberg west" from
las vegas sands, solid or right in line? seems like their margins were better.in macau over 60%. the reason they were a big deal was analysts were wondering how proposal they had to be and it seemed like if their margins were better -- joe: they would not have to spend such as much -- as much. alix: don't miss this, the number one thing used care about, european sales. europe is showing some kind of improvement. that could be a roadmap in the u.s. and it makes up 72% of sales. on earnings, this...
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Jul 22, 2015
07/15
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other earnings that came out, las vegas sands. solid. looks like right in line. like overall their margins were better. most of its business in macau over 60%. , the reason they were a big deal was analysts were wondering .ow promotional they had to be it seems like if margins are better, not as bad. joe: they would not have to spend such as much. alix: don't miss this, the number one thing used care about, european sales. europe is showing some kind of improvement. that could be a roadmap in the u.s. recovery. you are -- europe and the u.s. make up 72% of sales. 1.6% on earnings, this could be a key metric for sales in the company. joe: another thing that you should not miss, tonight, another greek vote. alexis tsipras is coming back to parliament, an actual vote on the bailout. it is not expected to be dramatic or anything. he will have a lot of defectors in his own party while opposition parties about in favor of the bailout. but still, you want to watch these red marks. alix: totally. we love the greek. joe: absolutely. alix: have a great afternoon. ♪ ♪ annou
other earnings that came out, las vegas sands. solid. looks like right in line. like overall their margins were better. most of its business in macau over 60%. , the reason they were a big deal was analysts were wondering .ow promotional they had to be it seems like if margins are better, not as bad. joe: they would not have to spend such as much. alix: don't miss this, the number one thing used care about, european sales. europe is showing some kind of improvement. that could be a roadmap in...
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Jul 22, 2015
07/15
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as well as las vegas sands, american express.t's open on "fast." >> how about jumbo shrimp? "closing bell" starts now. >> welcome to "closing bell." here at the new york stock exchange. >> tough to keep with brian sullivan sometimes, isn't it? mind is always going there. tectonic weakness. disappointing reports from apple and microsoft last night are weighing on the dow and nasdaq today. and investors now await numbers. more news from qualcomm and texas instruments in the bell. the chip sector has been in tough times these days. >> and it's more than just after the bell. american express, las vegas sanz, all expected to report in just an hour from now. >> other
as well as las vegas sands, american express.t's open on "fast." >> how about jumbo shrimp? "closing bell" starts now. >> welcome to "closing bell." here at the new york stock exchange. >> tough to keep with brian sullivan sometimes, isn't it? mind is always going there. tectonic weakness. disappointing reports from apple and microsoft last night are weighing on the dow and nasdaq today. and investors now await numbers. more news from qualcomm and...
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Jul 1, 2015
07/15
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las vegas sands. you spoke to your analyst and know more. i think he's wrong. it gets higher from here. >> i'm melissa lee. sigh> my mission is simple -- t 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 trying to make you a little money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc. or tweet me @jim cramer. the woods. the woods are a strange place to be. right now investors think because of this great day we're out of the woods. well, wait a
las vegas sands. you spoke to your analyst and know more. i think he's wrong. it gets higher from here. >> i'm melissa lee. sigh> my mission is simple -- t 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 trying to make you a little money. my job...
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Jul 7, 2015
07/15
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we've been talking about las vegas sands and wynn now for a couple weeks. specifically the level he mentioned, $50, it held, it looked like it was going to bounce. that stock was outperforming today when the the tape was trofg and then it continued to go higher. i still think there's room in both lvs and wynn. >> now to alibaba. the stock falling to its lowest level since going public in september. slumping to its all-time low of $77 a share. let's bring in rob sanderson of mkm partners. he's got a buy rating $115 price target on the stock. rob, thanks for phoning in. we appreciate it. are you concerned at all about the impact on the chinese consumer and their ability or desire to buy goods online from alibaba given the slump we're seeing in the stock market there? >> yeah, the stock market aftermath is something that's a new consideration into the thesis. and you know, not a positive clearly. but the fundamental story behind the expansion in online commerce in china is not so much driven by consumption growth as it is driven by migration of consumption fro
we've been talking about las vegas sands and wynn now for a couple weeks. specifically the level he mentioned, $50, it held, it looked like it was going to bounce. that stock was outperforming today when the the tape was trofg and then it continued to go higher. i still think there's room in both lvs and wynn. >> now to alibaba. the stock falling to its lowest level since going public in september. slumping to its all-time low of $77 a share. let's bring in rob sanderson of mkm partners....
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Jul 13, 2015
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las vegas sands is one of the names i talked about at the top of the show folks were rolling up today wynn and las vegas sands when you look at macaw right now everybody always looks to that as the negative. over the last week and a half or so it's been a positive, moving to the up side against the stream. and if you look at wynn and vegas sands that exposure in terms of smoking ban maybe getting relaxed a little bit i think that was the fuel behind it. back up over one of the moving averages. i think the stock's on the mend. >> pop for ascena down 13%. >> dress barn. awful name. radio shack. aside from that, though, other issues. their lane bryant division. poor dress sales. justice. their teen division. poor sales there. teen division is a problem in general. that's been -- for anybody teen retailing is difficult. it's not expensive but i think you stay away. a lot of times one bad quarter does not live alone. >> and a pop. move over tinder. there's another dating app in town but this one uses your heartbeat. a hands-free dating app for the am watch. the way it works is simple if yo
las vegas sands is one of the names i talked about at the top of the show folks were rolling up today wynn and las vegas sands when you look at macaw right now everybody always looks to that as the negative. over the last week and a half or so it's been a positive, moving to the up side against the stream. and if you look at wynn and vegas sands that exposure in terms of smoking ban maybe getting relaxed a little bit i think that was the fuel behind it. back up over one of the moving averages....
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Jul 22, 2015
07/15
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david: china is down 26% for las vegas sands. thank you, ashley. >> sure.elissa: we have breaking news a new york state wage board moving to increase the state's minimum wage for fast-food workers to 15 an hour. the board appointed by governor andrew cuomo to hike the minimum wage incrementally by 2018 and by 2021 across the state. now the acting labor commissioner to accept, reject or modify the board's recommendation. this should be interesting. >>> uber pulling a trump in its never-ending battle with new york city mayor bill de blasio uber isn't pulling any punches this time. in a email to users the ride sharing app gave out city councilmember margaret chen's, phone number. the she is the original sponsor of the proposal to cap uber use in new york that received bill de blasio support. only 16 new drivers a month according to the company. uber spent $10 million on a campaign to gave stay in business. councilmember chin will not be bullied despite the campaign and incoming phone calls on her way. new york city's council is considering a bill that would pu
david: china is down 26% for las vegas sands. thank you, ashley. >> sure.elissa: we have breaking news a new york state wage board moving to increase the state's minimum wage for fast-food workers to 15 an hour. the board appointed by governor andrew cuomo to hike the minimum wage incrementally by 2018 and by 2021 across the state. now the acting labor commissioner to accept, reject or modify the board's recommendation. this should be interesting. >>> uber pulling a trump in its...
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Jul 7, 2015
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we had buyers coming in to win, coming in to las vegas sands.e in the last week and a half or so has been extraordinary. >> i'm glad you brought that up. it's perfect timing. bertha coombs sends around some of these days. these are intra day. wynn resort, las vegas sands is up nearly 2%. >> if you just looked over the last week and a half ago or so scott and you look to last week, las vegas was $50, now it's 55. there was a lot of option activity in there. that's what grabbed my attention and put me into those names. i'm in the options only. but right now the rest of china, seems like everyone has their palms out. >> the headlines, "chinese shares falling but doubts rescue." the headlines are scary for what's been happening in the market there. >> this is an emerging market. people need to understand that emerging markets are higher beta. even though china is gigantic, it's still an emerging market. you have a very young, naive and speculative investor class right now. a lot of these people are trading stock the first time in their le their live
we had buyers coming in to win, coming in to las vegas sands.e in the last week and a half or so has been extraordinary. >> i'm glad you brought that up. it's perfect timing. bertha coombs sends around some of these days. these are intra day. wynn resort, las vegas sands is up nearly 2%. >> if you just looked over the last week and a half ago or so scott and you look to last week, las vegas was $50, now it's 55. there was a lot of option activity in there. that's what grabbed my...
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Jul 9, 2015
07/15
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in the last three days, wynn, las vegas sands and a number of names that have exposure to macao posted% gains. over the last year the stocks have taken a beating, down between 30% and 60%. so a bit of a bounce, maybe a bottom. but for now a tough trade of the past 12 months. >> jon, i don't know what you do with these. do you stay away from anything that has large exposure to macao because of what's happening in china? >> i think there have been better places to have capital at this stage right here, judge. than in these names. for instance, i would much rather be, and we were citing with you yesterday, the activity in sofun. in signa, in bydu. these were stojs down double digits yesterday, had huge turn-arounds, 5%, 10%, 15%. in the session, so loss the nice 3% pops are cool for the casino stocks, i would much rather be in some of the other chinese stocks. >> on the back of post 6 you could see vip shop. listed over there. the stock was up like 8.5%. you have to get your head around some of these moves. >> we were talking about this the other day. when we talked about you asked a ques
in the last three days, wynn, las vegas sands and a number of names that have exposure to macao posted% gains. over the last year the stocks have taken a beating, down between 30% and 60%. so a bit of a bounce, maybe a bottom. but for now a tough trade of the past 12 months. >> jon, i don't know what you do with these. do you stay away from anything that has large exposure to macao because of what's happening in china? >> i think there have been better places to have capital at this...
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Jul 29, 2015
07/15
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we had las vegas sands last week. the stock rallied after its results. we had the june numbers from las vegas, which were down 16% year over year. that was a bit surprise og to people. i know tim's been all over this. a lot of bad news is probably really in the stock at these levels and you're going to have to see some sort of major shift. something in the macro environment in china for this thing to really break down, but that being said it's got really high short interest and if there's ever a turn the opposite way the thing's going to be up above 110 very quickly. >> jpmorgan had a very positive note. they said you were at a risk reward place where you wanted to own the stock. they put a $120 target on it. it's all about macau. macau is stabilizing. it's not time for a major turn. not a major inflection point. crash flow strength and predictability of cash flow another big thing for these guys. macau isn't going to turn around overnight. these are things people want to see. i think the price action very good after hours. i think 95's your bottom. >> wo
we had las vegas sands last week. the stock rallied after its results. we had the june numbers from las vegas, which were down 16% year over year. that was a bit surprise og to people. i know tim's been all over this. a lot of bad news is probably really in the stock at these levels and you're going to have to see some sort of major shift. something in the macro environment in china for this thing to really break down, but that being said it's got really high short interest and if there's ever...
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Jul 6, 2015
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last week we talked about the opportunities in the casino stocks, specifically you mentioned las vegas sands and wynn on a lousy day today both of those names were up. i say again pete can speak to wynn because he did last week because las vegas sands against $50 like we flagged i think you zpa with it on the long side. >> coming up, a crazy day for u.s. stocks as china, greece, and oil all weigh on the market. the traders give their best picks to protect your portfolio. plus we've got a top technician with three names that could break out despite all the volatility right after the break. carter braxton worth joins us. more "fast money" straight ahead. hello. i am a fully automated investment advisory service. i can help you choose investments. monitor them. and rebalance your portfolio. i can do a lot of what humans can. except have a real conversation. if you'd like that, you can always speak to someone at schwab. they aren't algorithms. try not to hold it against them. say hello at intelligent.schwab.com i built my business with passion. but i keep it growing by making every dollar count.
last week we talked about the opportunities in the casino stocks, specifically you mentioned las vegas sands and wynn on a lousy day today both of those names were up. i say again pete can speak to wynn because he did last week because las vegas sands against $50 like we flagged i think you zpa with it on the long side. >> coming up, a crazy day for u.s. stocks as china, greece, and oil all weigh on the market. the traders give their best picks to protect your portfolio. plus we've got a...
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Jul 1, 2015
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new york, las vegas sands, added for what -- 4.1%. a win for the usa in the women's world cup in montrÉal. they are through to the final after defeating germany, 2-0. the u.s. defense very dominant. one of the goals was a controversial penalty. germany missed a spot kick of its own. the usa, which is the second ranked team, will play either japan or england. they play today in the second semi final. those are the top headlines. thisad: we are looking at indian airline. details on that. coming up next, japan's recovery has been a slow one. our manufacturers becoming -- are manufacturers becoming more up eight -- upbeat? ♪ anchor: headlines around the world. at least 113 people killed in a plane crash in indonesia. 101 passengers and 12 crew were on board. it hit the liens and came down. it is not clear if there were casualties on the ground. witnesses suggest there were engine fires. the pilot was ordered to return to base due to a malfunction. japan has launched an investigation after a man committed suicide on a bullet train. officia
new york, las vegas sands, added for what -- 4.1%. a win for the usa in the women's world cup in montrÉal. they are through to the final after defeating germany, 2-0. the u.s. defense very dominant. one of the goals was a controversial penalty. germany missed a spot kick of its own. the usa, which is the second ranked team, will play either japan or england. they play today in the second semi final. those are the top headlines. thisad: we are looking at indian airline. details on that. coming...
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Jul 1, 2015
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stocks move thanks to what is happening not here in las vegas, but what is happening in macau, the world's largest gaming city. wynn, mgm and las vegas sands4%.ween about 5% and 2 and 3/ pimm: wing price risk reward. stephanie: viacom. pimm: viacom seems to be having a midlife crisis. the media giant is missing tv viewers. this season according to nielsen, ratings have declined by double digits at viacom's most popular cable networks. nickelodeon,vh1, and tv land. stephanie: for the past year, viacom's chairman has been missing in action. his disappearance has fueled speculation about his health and what will become of the media empire he built. it is a subject of this week's "bloomberg businessweek" cover story. felix gillette co. wrote the piece and joins us with more. driving viacom's downward spiral? i am no longer the demographic. even if i was much younger, i would like to think that "teen mom" is not something i would ever subscribe to. felix: we are such an innovative, risk paste -- risk -based culture. reality television, "the osbournes," celebrity shows. they have not been able to come up with new hit programs at the same level f
stocks move thanks to what is happening not here in las vegas, but what is happening in macau, the world's largest gaming city. wynn, mgm and las vegas sands4%.ween about 5% and 2 and 3/ pimm: wing price risk reward. stephanie: viacom. pimm: viacom seems to be having a midlife crisis. the media giant is missing tv viewers. this season according to nielsen, ratings have declined by double digits at viacom's most popular cable networks. nickelodeon,vh1, and tv land. stephanie: for the past year,...
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Jul 13, 2015
07/15
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on point they are negative though, las vegas sands, morgan stanley saying near-term headwinds are creatingownside risk and the company lacked any near-term catalyst to get it going. four point 3%. still morgan stanley feels there is a 20% chance it will cut it recurring to evident. that is having little impact on the stock shares, enjoying the best day in three months after the government of macau took steps to ban smoking rooms on game floors. 16 percentley is above on the second quarter. amazon is up more than two and a half percent. -- that is up 35% to your. i want to take you inside my bloomberg terminal and look at these analyst calls. s are in red. 2% of analyst say sell. 60%, represented in the green say they should buy. matt: have you been to macau? ramy: i have been. matt: can you smoke in the casino? there is. there is a haze. remember many of the people going there are mainland chinese gamblers -- smokers.in it would not make our experience any more exciting. mark: no, because i do not smoke. matt: thank you. .ark: step aside, coal there is a new top dog in the energy game and
on point they are negative though, las vegas sands, morgan stanley saying near-term headwinds are creatingownside risk and the company lacked any near-term catalyst to get it going. four point 3%. still morgan stanley feels there is a 20% chance it will cut it recurring to evident. that is having little impact on the stock shares, enjoying the best day in three months after the government of macau took steps to ban smoking rooms on game floors. 16 percentley is above on the second quarter....
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Jul 22, 2015
07/15
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parent company las vegas sands also saw its margin and brooding.asinos have taken a hit since china's campaign against luxury and excess, the beijing thinks travel rules may help fuel a recovery. a slowdown in credit card expenditures. american express income for the second quarter was down nearly 4% -- $1.42 a share. amex is investing intact -- in and boosting rewards to overcome the end of its partnership with cosco. beat estimatesla in the second quarter. the estimates, as coke works -- to beatcoke works declining soda sales in the u.s.. sales are down more than 3% this year. the tech season continues to disappoint -- tech industry continues to disappoint the season. posted poor results. we got su keenan in new york. what happened? report latest earnings reveals the company is in need for restructuring. this is a company that posted its worst sales declined since 2009 and said it will cut its workforce by 15%, review its strategic alternatives, and the a $1.4s will be part of billion cost reduction and impact about 4700 positions. that is a lot
parent company las vegas sands also saw its margin and brooding.asinos have taken a hit since china's campaign against luxury and excess, the beijing thinks travel rules may help fuel a recovery. a slowdown in credit card expenditures. american express income for the second quarter was down nearly 4% -- $1.42 a share. amex is investing intact -- in and boosting rewards to overcome the end of its partnership with cosco. beat estimatesla in the second quarter. the estimates, as coke works -- to...
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Jul 7, 2015
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mgm and las vegas sands rebounding after creditors say the worst might be over for maca u.he negatives are well known and the sector is underowned. we've seen a little bit of loosening in terms of chinese regulation. fitbit,o check on shares climbing after it was -- up nearly 5%. ,trong secular fitness trends strong market share of fitbit we learned about and international growth potential and upside. i want to look at how the stock has done since the ipo. it has been an incredible right for fitbit. the ipo was on june 17. the stock has more than doubled since then. we are talking about a more than doubling in less than a month. there's still a lot of analysts who say it has more to run. scarlet: thank you so much mark: . it's get a check of the volatility we have seen on this day in commodities. scarlet: the bloomberg commodities index fell to a 13 year low today. it has since come back a little bit but has not reclaimed its declines like the stock market has. alix steel is lending is perspective. are these macro headwinds or is issue? supply demand alix: both. there was a
mgm and las vegas sands rebounding after creditors say the worst might be over for maca u.he negatives are well known and the sector is underowned. we've seen a little bit of loosening in terms of chinese regulation. fitbit,o check on shares climbing after it was -- up nearly 5%. ,trong secular fitness trends strong market share of fitbit we learned about and international growth potential and upside. i want to look at how the stock has done since the ipo. it has been an incredible right for...
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Jul 1, 2015
07/15
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las vegas sands. you spoke to your analyst and know more. i think he's wrong. i think it gets higher from here. >> i'm melissa lee. sigh> 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 trying to make you a little money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc. or tweet me @jim cramer. the woods. the woods are a strange place to be. right now investors think because of this great day we're out of the woods. well, wait a second. the reality is you are always in the woods when you own stocks. it's just that the woods aren't necessarily as dark and scary some days as they seem on others. today when the sun came out, dow rallied, s&p gained and nasdaq climb ed climbed. take monday when the stock market woods were really frightening. talks with greece broke down. the $70 billion puerto ric
las vegas sands. you spoke to your analyst and know more. i think he's wrong. i think it gets higher from here. >> i'm melissa lee. sigh> 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 trying to make you a little money. my...
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Jul 1, 2015
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las vegas sands up 3%. mgm up half that much. revenues fell 36% a year ago to a five-year low.ining or linings. it wasn't as bad as everyone expected. june results got stronger toward the end of the month, maybe as the summer tourist season is kicking off, and third even though a full smoking ban is in the works, chinese government has eased rules so that mainlanders can visit twice as often and stay seven days instead of five. so the feeling is that even though the government is cracking down on corruption there, it is easing these rules because it really does care about macau. back to you. >> all right, thank you very much for laying out some of those numbers, jane. we're going to talk more about it now. standard & poors who covers these gaming stocks. is it just that the bad news and bad trading revenues have been factored into this group? and now they're prime for a rebound? >> well, yes, i think so. i think we're in the kind of early to mid innings of a multiyear correction for the casino companies that have exposure in macau. obviously an inextremely important market with
las vegas sands up 3%. mgm up half that much. revenues fell 36% a year ago to a five-year low.ining or linings. it wasn't as bad as everyone expected. june results got stronger toward the end of the month, maybe as the summer tourist season is kicking off, and third even though a full smoking ban is in the works, chinese government has eased rules so that mainlanders can visit twice as often and stay seven days instead of five. so the feeling is that even though the government is cracking down...
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Jul 27, 2015
07/15
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brands, las vegas sands and wynn resorts have huge resorts in macau. that is a big trouble spot. wynn resorts down 3.2%. baidu, down 4 1/2%. baidu reporting earnings after the bell today. they released very troubling second quarter guidance. poor baidu, timing of chinese stock market and earnings call not good for them. ge was a little higher today. that was outstanding the only positive step for utilities. otherwise nine out of 10 s&p sectors were down in today's market. 3m was down half a percent today. once again looking at dow down 126 points. five down days. the longest losing streak in six months. high volume today, 10% higher than the average daily volume. that's about all i got. back to you guys. >> hoary rothman, thank you very much. on tough day for the markets. thank you, lori. melissa: new concerns what is behind the major gains we've seen for stocks. just a handful of companies are driving the gains, six to be exact. samamazon, google, facebook, netflix, apple and gilead account for half of the $654 billion added this year to the nasdaq. that data was compiled by jon
brands, las vegas sands and wynn resorts have huge resorts in macau. that is a big trouble spot. wynn resorts down 3.2%. baidu, down 4 1/2%. baidu reporting earnings after the bell today. they released very troubling second quarter guidance. poor baidu, timing of chinese stock market and earnings call not good for them. ge was a little higher today. that was outstanding the only positive step for utilities. otherwise nine out of 10 s&p sectors were down in today's market. 3m was down half a...
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Jul 22, 2015
07/15
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qualcomm, las vegas sands and josh's beloved american express tonight at 5:00. >>> that does it for use on the halftime report. >>> all right, everyone. we start this hour with a cnbc exclusive. big numbers on the american housing market coming in right now. diana olick has them first, she's live in washington. >> reporter: hi, tyler. stronger home sales now have mortgage bankers feeling better about their business. in an exclusive to cnbc, the mortgage bankers association tells us they are revising their forecast of purchase mortgage volume higher this year from 730 billion to 801 billion. a sharp jump, they say, based on the following. increased pull-through rates. that is borrower applications being approved and turning into loans. borrower behavior, as in
qualcomm, las vegas sands and josh's beloved american express tonight at 5:00. >>> that does it for use on the halftime report. >>> all right, everyone. we start this hour with a cnbc exclusive. big numbers on the american housing market coming in right now. diana olick has them first, she's live in washington. >> reporter: hi, tyler. stronger home sales now have mortgage bankers feeling better about their business. in an exclusive to cnbc, the mortgage bankers...
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Jul 27, 2015
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. >> talking las vegas, sands? casino names? >> those names continue to struggle.n a macro basis you want to look globally and say, okay, who are the potential winners, the potential losers? the temptation would be you'll have european equities reporting earnings very shortly here. the temptation would be to step in and buy some of the european names. i want to take a wait-and-see approach. talking about a significant trading partner. the other side of that is look at the sell-off today. i think look at japanese equities. they look to me to be the best in breed in this decline. i think japanese equities is a place you might see capital go as it goes out of other places in asia. >> pete? >> u.s. centric is the way to go. we talked about the one thing you have to your point the infrastructure play. look at caterpillar. this name has not been able to get out of its own way. another 52-week low again today. >> you'd be a buyer of that? >> i would not. >> i you would not be? >> i would be very, very patient to be able to step into that name right now. >> all right. were
. >> talking las vegas, sands? casino names? >> those names continue to struggle.n a macro basis you want to look globally and say, okay, who are the potential winners, the potential losers? the temptation would be you'll have european equities reporting earnings very shortly here. the temptation would be to step in and buy some of the european names. i want to take a wait-and-see approach. talking about a significant trading partner. the other side of that is look at the sell-off...
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Jul 13, 2015
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we talked about the way these stocks in the gaming industry wynn, las vegas, sands. had paper in both. today seeing some folks rolling out, buying an extra two weeks, going to the july 31st expiration cycle. 3,000 of these were rolled up. i'm doing basically the same trade. i'm going to hold these five to ten days, get out of some of the options today, most, if not all, of the ones that expire this coming friday and hold these ones that will expire july 31st for a little while. >> they have more exposure to macao relative to what's happening in the chinese stock market. >> yes. the way they've traded versus the chinese stock market has been absolutely extraordinary. now they're talking about softening some of the smokey rules in macao. >> smoke them if you got them. >>> looking to the rest of the day, we have, yes, greece headline. still things to be worked out there. big earnings coming out. what are you guys thinking about? not only three hours but a number of interesting events in front of us. >> i'll go first. financials are important. going back to the portfolio
we talked about the way these stocks in the gaming industry wynn, las vegas, sands. had paper in both. today seeing some folks rolling out, buying an extra two weeks, going to the july 31st expiration cycle. 3,000 of these were rolled up. i'm doing basically the same trade. i'm going to hold these five to ten days, get out of some of the options today, most, if not all, of the ones that expire this coming friday and hold these ones that will expire july 31st for a little while. >> they...
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into the gateway connection affecting the symbols and the names we are waechg include macy's las vegas sandsone financial, there will not be a regulatory open and may not trade here at the new york stock exchange. you may see some of the names delayed on the open as we hit 9:30 which is only five and a half minutes away. charles: so nicole you're saying that even though they're having trouble, and trading names 220 tickers if someone wanted to buy or sell they could get a trade through. do you know if it would be delayed or straight through? >> i think if you did it somewhere else other than on the floor of the stock exchange, you could. it's called trade away. you can do it in other venues, but the stock exchange is the price point and they're not going to open it up until they get the right price until they're working positively. big crowds on the ramp there and they're gathering around some of the names and 220 names and big ones. >> and what a day for this to happen when we're going to open up under pressure yet again. we could have some disparities to some of these. that's why you need
into the gateway connection affecting the symbols and the names we are waechg include macy's las vegas sandsone financial, there will not be a regulatory open and may not trade here at the new york stock exchange. you may see some of the names delayed on the open as we hit 9:30 which is only five and a half minutes away. charles: so nicole you're saying that even though they're having trouble, and trading names 220 tickers if someone wanted to buy or sell they could get a trade through. do you...
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Jul 13, 2015
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las vegas sands is up by 2.66%. thing -- improve the health of workers and guests. it will be interesting to see if they can do that. and oil, let us look at the second-largest processo of natural gas. rmp alex has agreed to buy markwest. it had been is up -- as up by 15%. this deal puts a 32% premium at $78.64 per unit. it is up $68.70 right now. the deal is expected to close in the fourth quarter. that is subject to approval. finally, other movers. garmin right now is up nearly 3%. this is because the share price may rise 35% to $60 of the next year. garmin does car navigation systems, but has been shifting to wearable fitness devices. both have been helping its bottom line. weight watchers is up by 2.27% here. it is a nice take over for apple or google gives the stock is now worth four dollars now. erik: thank you very much. when we come back china. if the government there is committed to boosting the stock market, does that make shanghai shares side? jimmy will be here. stick around. ♪ t erik: you are watching "
las vegas sands is up by 2.66%. thing -- improve the health of workers and guests. it will be interesting to see if they can do that. and oil, let us look at the second-largest processo of natural gas. rmp alex has agreed to buy markwest. it had been is up -- as up by 15%. this deal puts a 32% premium at $78.64 per unit. it is up $68.70 right now. the deal is expected to close in the fourth quarter. that is subject to approval. finally, other movers. garmin right now is up nearly 3%. this is...
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Jul 2, 2015
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mgm, las vegas sands, and wynn all of the.son, macau, the gambling capital said mainland chinese videos -- visitors could stay longer. the two bank upgraded four casino equities including galaxy entertainment which is traded on the other side of the world in hong kong. another acquisition, paypal and zoom -- xoom. look at the pop, paypal get access to international money markets for transfers. a wells fargo analyst said the acquisition will have minimal impact in the money transfer space. matt: he seemed pretty surprised about it for minimal impact. it is crazy. ramy: it is. matt: i wonder if paypal needs to buy xoom. no one has ever heard of xoom. stephanie: when we come back we're talking the one and only misty copeland with the goldman partner who backed her from the beginning. ♪ matt: wrap up your july 4 weekend with bloomberg television. sunday, 6:00 p.m. eastern, competence of coverage of the greek referendum, the results, and market reaction right here on bloomberg television. we showed you our very own joe weisenthal w
mgm, las vegas sands, and wynn all of the.son, macau, the gambling capital said mainland chinese videos -- visitors could stay longer. the two bank upgraded four casino equities including galaxy entertainment which is traded on the other side of the world in hong kong. another acquisition, paypal and zoom -- xoom. look at the pop, paypal get access to international money markets for transfers. a wells fargo analyst said the acquisition will have minimal impact in the money transfer space. matt:...
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Jul 23, 2015
07/15
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now, you tell me when las vegas sands numbers were really good now, you tell me i should worry about china. now when it is up to 1100 i should worry about china. now? well, that's really helpful. >> well you never know. >> it is helpful, really helpful. if kevin plank is worried about china, i'm worried about china. >> could that guy be more right. who does he think is going to win for president? anybody he endorses wins. maybe he takes a long shot. maybe kasich or rubio. >> did want to get to some mna news that has been circulating. i told you there was progress between the talks between anthem and cigna. there is a high likelihood that the two companies will announce a deal under which anthem will apply for cigna tomorrow. don't expect anything today. tomorrow. the boards people close to the situation tell me they are expected to meet to approve a deal under which anthem would buy cigna for a price tag of $188 a share made up of 55% in cash and 45% in the equity of anthem. given that and anthems move as of now, we'll see what the actual price tag was. that's how they put it on pape
now, you tell me when las vegas sands numbers were really good now, you tell me i should worry about china. now when it is up to 1100 i should worry about china. now? well, that's really helpful. >> well you never know. >> it is helpful, really helpful. if kevin plank is worried about china, i'm worried about china. >> could that guy be more right. who does he think is going to win for president? anybody he endorses wins. maybe he takes a long shot. maybe kasich or rubio....
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Jul 1, 2015
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in the two stocks that we discussed, wynn and las vegas sands which are neutral rayed, we think that can be a near-term rally into the summer months whether summer holiday travel is generally pretty strong. but at that point if this rally continues, i think that the stocks are vulnerable. >> harry, thank you. harry curtis. >>> here's what's on the menu for the rest of the hour in "power lunch." up next the double dose of debt threats. we've got the latest out of greece and puerto rico. >>> also ahead, are we on the brink of a major breakthrough in the fight against cancer? just wait until you hear what one cancer doctor is saying today. he'll join us live. >>> can you name today's mystery chart? it is not a stock, it is a commodity. it's been struggling this year. tweet me your guesses at melissaleecnbc. more hints and the answerer when "power lunch" returns. to try something different. this summer, challenge your preconceptions and experience a cadillac for yourself. ♪ ♪ take advantage of our summer offers. the 2015 cadillac srx, a crossover with space safety, and style. lease this
in the two stocks that we discussed, wynn and las vegas sands which are neutral rayed, we think that can be a near-term rally into the summer months whether summer holiday travel is generally pretty strong. but at that point if this rally continues, i think that the stocks are vulnerable. >> harry, thank you. harry curtis. >>> here's what's on the menu for the rest of the hour in "power lunch." up next the double dose of debt threats. we've got the latest out of greece...
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las vegas sands, mgm, wynn those stocks have a direct relationship to chinese.reat piece. sales in the chipmakers going into products that will be resold worldwide. but if you want to look at china in your american stocks looks at industrials like ge cat tractor, then yum! brands. >> if there are so many companies apart from the smaller company domestic names that have exposure to china/asia how do you china-proof your portfolio? >> the russell 2000. >> but not every investor out there has a portfolio with individual names. most of them are either involved through etfs mutual funds so the manager has got a much broader array of portfolio names in that portfolio. >> but if you're looking at an s&p or looking at a more specific etf and wondering why you're underperforming the market, underperforming the chinese market which is up 100% it is because in those holdings because of the dividends you have the major industrials like general electric, like cat tractor. >> if you're into a blue chip fund because that's where you are you're going to get that exposure anyway
las vegas sands, mgm, wynn those stocks have a direct relationship to chinese.reat piece. sales in the chipmakers going into products that will be resold worldwide. but if you want to look at china in your american stocks looks at industrials like ge cat tractor, then yum! brands. >> if there are so many companies apart from the smaller company domestic names that have exposure to china/asia how do you china-proof your portfolio? >> the russell 2000. >> but not every investor...
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most of the sectors do have up arrows we continue to keep a keen eye on the casino stocks wynn las vegas sands straight gains and showing monthly gains at macao and longer gaming opportunity there to are people in china. the and up 100 to 90 with a buy rating. t strip and instantly open your nose up to 38% more than allergy medicines alone. so you can breathe and sleep. shut your mouth and sleep right. breathe right. >> breaking news now from the greek prime minister saying that the referendum is a go. that's right, and the people know, it doesn't mean anything with europe. we need to agreement adding that europe must stop acting in an undemocratic way and talking about their creditors and that voters bank deposits are still in greece and they won't be lost and when the prime minister is starting to speak our markets, we were up 175 points, cheryl, yes? >> i'm looking at comments from germany's finance minister greek has to have more clarity before it negotiates. charles: i saw the 10-page report, they provided clarity, but it's just the pain. >> and news for you, not just the donald macy's sa
most of the sectors do have up arrows we continue to keep a keen eye on the casino stocks wynn las vegas sands straight gains and showing monthly gains at macao and longer gaming opportunity there to are people in china. the and up 100 to 90 with a buy rating. t strip and instantly open your nose up to 38% more than allergy medicines alone. so you can breathe and sleep. shut your mouth and sleep right. breathe right. >> breaking news now from the greek prime minister saying that the...
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Jul 29, 2015
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officials involved in nuclear non-proliferation, hacking which compromised the marine corps internet sands las vegas casino and attacks against u.s. banks. in relation to the iran deal these attacks along with recent successful attacks against opm leads me to have less than full confidence in our own cyber capabilities let alone the cyber capabilities of the iaea. it is vital iaea has a lock-tight ability to protect its equipment and technology vital to ensuring effective monitoring of iranian facilities under this agreement against cyber attacks. just simple yes or no secretary carter are you concerned regarding iran's ability to impact the effectiveness of iaea monitoring equipment through cyber. >> i'm sorry, i can't give you a yes or no answer to that. i'm very concerned about iranian cyber activity and you named three countries. i could go on with the ones. this is a big problem. and i -- sadly i share the lack of confidence you have in the adequacy of our defenses. in the defense department you would think with all that we have paid attention to protecting our own networks that we would be sec
officials involved in nuclear non-proliferation, hacking which compromised the marine corps internet sands las vegas casino and attacks against u.s. banks. in relation to the iran deal these attacks along with recent successful attacks against opm leads me to have less than full confidence in our own cyber capabilities let alone the cyber capabilities of the iaea. it is vital iaea has a lock-tight ability to protect its equipment and technology vital to ensuring effective monitoring of iranian...
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Jul 29, 2015
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involved in nuclear nonproliferation, hacking, which compromised the marine corps internet, and sands las vegascasino and attacks against u.s. banks. in relation to the iran deal these attacks against opm leads me to have less than confidence in our own cyber capabilities, let alone the cyber capabilities of the iaea. it's vital iaea has a lock-tight ability to protect its equipment and technology vital to insuring effective monitoring of iranian facilities under this agreement against cyber attacks. just simple yes or no secretary carter, are you concerned regarding iran's ability to impact the effectiveness of iaea monitoring equipment through cyber? >> i'm sorry. i can't give you a yes or no answer to that. i am very concerned about iranian cyber activity. you named three countries and i could go on with other ones. this is a big problem. sadly i share the lack of confidence you have in the adequacy of the defenses and in the defense department you would think with all we have paid attention to protecting our own networks that we would be secure and we're not, and we know that, and it's not
involved in nuclear nonproliferation, hacking, which compromised the marine corps internet, and sands las vegascasino and attacks against u.s. banks. in relation to the iran deal these attacks against opm leads me to have less than confidence in our own cyber capabilities, let alone the cyber capabilities of the iaea. it's vital iaea has a lock-tight ability to protect its equipment and technology vital to insuring effective monitoring of iranian facilities under this agreement against cyber...
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Jul 12, 2015
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las vegas. >>> authorities are investigating an explosion at a rhode island beach. investigators say the woman was taken to the hospital with minor injuries after the a mysterious explosion in the sands also evacuated. now back to "caught on camera." >>> welcome back to "caught on camera." i'm contessa brewer. in a gun fight, the difference between life and death is often measured in millimeters. in this next story, multiple gunmen engage in a violent standoff at close range. the video is both incredible and disturbing. and wait until you hear the story. caught on camera, a small bar in the midwest turns into a scene out of the wild west. [ gunshots ] october 8th, 2009. a lively night at a bar in toledo, ohio. a surveillance video shows marquese robbins ordering some drinks from the bartender. the bartender sees him pull out a bag of marijuana. he calls the bouncer over to remove the customer. >> there are cameras up there. i am not going to lose my job over this bull [ bleep ]. get out. >> but robbins won't leave. he and the bouncer start to have words and a fight breaks out. 38-year-old lashon sawyer is the cook at the bar. the video shows sawyer walking back to the kitchen as pat
las vegas. >>> authorities are investigating an explosion at a rhode island beach. investigators say the woman was taken to the hospital with minor injuries after the a mysterious explosion in the sands also evacuated. now back to "caught on camera." >>> welcome back to "caught on camera." i'm contessa brewer. in a gun fight, the difference between life and death is often measured in millimeters. in this next story, multiple gunmen engage in a violent...