macao a lot bigger than the las vegas strip now.f you look overseas, that's the only place you're going to find growth where i think -- for i think the names. mike's trade is interesting. people ask us all the time, how do you pick your strike prices and mike has laid it out. it's gone from 18 to 23 1/2 in two months. the math on this is perfect. you're risking a dollar to make $3 and you're getting at the money put or the out of the money put. math wise, this makes a ton of sense. >> wow. ridging endorsement from scott nations. >> i would say we have seen the early weakness in asia so far today. if this is a trend that continues we'll talking about -- with regard to eem. to me this is a sector that probably gets hit first. you may want to move the put out a little further. >> got a question, ask us. >>> we have a nifty tip for making good trades better and in addition you'll find educational material. you'll want to check it out. here's what's coming up next. >> don't look now, but bouillon is breaking out. we'll tell you why 2014

indas, en las vegas. >>> vas a macao y es las vegas.na de las personas que apuesta, tenga cuidado, hay que hacerlo con balance. >>> yo me justo con mi familia, pero apostamos con frijolitos. >>> hablando de las fiestas que hace karlita, la verdad que hay veces que arriesga la vida por irse a tomar una cervecita. el caso de este hombre, escuche, en nueva zelanda que fue atacado por un tiburÓn. las ganas de irse que el mismo se cociÓ la herida para irse al bar con los panas. el tiburÓn le pega una pequeÑa mordida, agarra una aguja y se cociÓ el mismo. >>> es que las mujeres tienen que entender que cuando estamos viendo un juego de fÚtbol y tomandose unas chelas ni un tiburÓn. respetenos, conchis. >>> totalmente de acuerdo contigo. >>> jhonny... ♪ ♪ ♪ ♪ >>> dale, dale, dale. >>> para donde vamos seÑores? >>> usted es una de las personas que no sale de casa sin ver ver antes el horÓscopo? >>> vamos con el "niÑo prodigio" en su templo antahkarana. ♪ ♪ >>> bienvenidos a su mundo antahkarana. y aquÍ con una luna que ingresa en capricornio, hay

and compact roots in hong kong and macao special and a menace to the time comes off as well as thai along at a ball. all overseas shy of the community living in different countries everything is going to the buttonhole. check this out now. look at cuba. have a lot the dow up to it. so about. i wish you good health the family reunion. but the emotion that meanie what's your art. the india the falls we will go into our home looking spirit to be on top. serve with them about things. what's even better all around china will continue to let them get over with one cup. i love fall into china's continued prosperity and development and the new he thought i would stuns people of all ethnic groups. that said and that got me all. the an old with a knife which was that new year's eve hundreds of millions of people welcomed in the chinese new year by tuning into the cctv spring festival gala. that's the most watched television event in the world. in this year's gala included but traditional and modern performances. bringing together of chinese and overseas stars john united has more details the eye to

price targets for wynn, mgm, and las vegas sands saying chinese high rollers will continue to love macaom a casino-only environment to more of an entertainment hub kind of like what vegas is. nice moves for those gaming stocks. >> dom, thanks very much. >>> if bob doll is right, u.s. equities will see a 10% correction in 2014 but still finish the year higher. he joins me to talk about his predictions. welcome. >> thank you. >> let's talk about the sell-off. the number of people who expected double digit decline may be coming may be upon us. that's your call for the first quarter of this year? >> honest truth, i haven't a clue when. my better guess is first half than the second half but let's face it, markets have been easy. 2013 was straight up. that's not normal. having a pullback of roughly 10% is a very normal occurrence in the context of a good year. my point is to suggest this is going to be a more normal year, a bumpier year than last year. >> where the market goes both up and down. we haven't had a correction since 2011. it's now 2014. does that set off alarm bells for you? >> not

the numbers from macao came back.now in the casino stocks you are looking at best of breed and wynn resorts. but melco crown entertainments. what do you think? >>this is a rising tide lifting every boat. is wynn better is this is las better? arguably yes. they are more expensive. i still favor vegas sands and wynn. steve wynn is always welcome. i would go to stan in florida, please. >> caller: boo-yah from central florida. >> i love central florida. what's up? >> caller: first time caller, read all your books, reading the current one now. >> thank you. >> caller: also an action alerts subscriber. >> wow. >> caller: i have a big position in visa. i just shnitzeled one-third of it because it was too big of a part but i want to put money in texas financial bank corps. >> no, no. one is a faux financial. visa. i don't want you to sell more visa. it's a great stock. i don't like anything being bigger than 20% of the portfolio. what a situation it was the. it was hit on the last quarter and it was stupid. wapted to buy it b

we know about these big gaming companies in macao. the more bullish as was are seng index,he hang as a whole, at 3000 points. if you are looking more bullish. valuations, they are a cheap destination and have been. >> they have been for a while. >> cheaper reason. -- cheap for a reason. they have really been sold off. >> david, we will get to many of outlooks?h >> is not a one-way bet. >> exactly. they are saying that 2014 has reforms and will be the year when china feels the pain. that is the thinking. >> thank you very much indeed. i'll play what is coming up next on the program. buy formics is a 2014. that is the message i came to send. >> the prime minister is optimistic and there are challenges ahead. that is coming up next when we return. >> you are back. ofcould be a big year slumping approval ratings for the prime minister who needs to prove that his third arrow will work. pesek is a bloomberg view columnist. happy new year. enomics ended on a high. what are the prospects this year? >> not very good, i would argue. one thing t

. >> i would add that the macao numbers have been phenomenal, now you're coming up on the chinese newegardless, the numbers over there have been astounding. >> back to qualcomm real quick, one of our viewers e-mailing me saying don't forget about nokia. they were bad, too. nokia, samsung, apple, bad. >> you have to distinguish between pressure and margins from those companies and also what units sold are. revenues -- units were actually pretty good. then you got to take a look at ipads. take a look at all the mobile devices. qualcomm still is one player there. >> let's trade facebook. >> it's about how can the guys make money in the ad space and adjust themselves in terms of the mobile space. they have done a phenomenal job. can they continue to do so? i tend to lean now towards the fact that they probably are. then you add in the instagram and videos, all into this whole program. i think it's been basically unchanged, if you look at it over the last month. it's been volatile but unchanged. now we are looking for the upside. >> you probably noticed it certainly feels like we entered a

if you take a look at their profits, up 92% thanks to its macao operations so things going well there. >> thank you so much. we will check back in just a few minutes. let's go up to e.c. seema mody has a market flash. >> check out numont mining, they issued production forecasts that came in below street expectations. rbc dominion securities downgrading the stock, and the company saying it might curtail operations in indonesia unless its tax dispute with the government is settled the next couple months. stock down 9.7%. tyler? >>> the emerging threat having a profound impact on retail. mainstream retail and the luxury market. robert frank covers our wealth beat and will be talking about the luxury sector in just a moment. be patient, robert. first, to stacy woodlitz in london. several mainstream retail names are vulnerable here. let's start with nike, down 7% this month. obviously they count on the emerging world for a big slice of their growth. >> they do, tyler. nike has about 15% exposure to emerging markets. brazil is very important. china is very important. they have been making g

the stock hit a high and the company says steve wynn will continue as chairman and ceo of macao, that'sobs and jeff bezos. the smart car, turning your car into a giant smart phone. ford calls itself a new tech company. we're on that one. president obama is in a political hole. to get out of it he's going to focus on income inequality. here is my take. raise the minimum wage, expand jobless benefits and vastly expand medicaid and cities with promise zones and of course, tax the rich. that's the presi headed into the mid term elections 11 months from now. economically this absolutely will not work. we've had this tax and spend policy for five years and poor people have actually lost ground. so has the middle class. you don't magically solve the income gap by taking from one group and giving to another. it's never worked out that way. but politics, uh-huh, that's a different game entirely. if you win the vote, it doesn't matter what really happens to people and their money. you will see an example of this today. the president will push for extended jobless benefits. you will see several un

to asia, the amount of money placed in macao is about now seven times the amount placed on the table in vegas. the gas of duck dynasty launching its own line of guns, nine shotguns, one automatic handgun. general mills says it's stopped using genetically modified organisms in cheerios, only in the original not the honey nut. a drop in the shares, apple shares were down and the same day of the down market, twitter went up. we're calling these the two horse race stocks we're following carefully and we'll follow them for you when the market opens in a minute. [ me announcer ] this is the story of the dusty basement at 06 35th street the old dining table at5th and hoffman. ..nd the little room above the strip ll f roble avenue. ♪ this magicic momt it is the story of where every great idea begins. and of those o believed they had the power to do more. dell is honored to be part of some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ ♪ this magic moment so i can rch ally bank 24/7, but there ar24/7.branches? i'm sorry, i

course of the day, and then gaming stocks being hit hard again, after jpmorgan report yesterday that macaoth was possibly slowing. the transports are experiencing their worst day in nearly nine months. airlines are leading the way lower, jetblue, delta, united continental, american airlines, all you can see to the downside. on the flip side though there's proktor & gamble. it's moving higher after second quarter profits beat forecasts by a penny. they said they expect to see second earnings growth in the second half of the coming fiscal year. >>> slowing economic growth this china part of the three-prong attack on the stock market. >> we have john rutledge, chief investment strategist who has traveled extensively through china. it started with this manufacturing report out of china the other day and the market started to sell off at that point. is that really what this has been about just the fears about the growth rate in china? >> well no. i think it started at the beginning of the year when we saw a lot of the emerging market currencies decline due to the fact that the fed started to ta