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inside the s&p 500 your top stock is micron.p lately but barrons positive on the company over the weekend and micron is up just under 11%. the worst performing stock is endp which is odd on friday because texas pacific group came out and said they own more than 7%. it's not helping today. >> spark therapeutics soaring after reporting positive late stage clinical trial result for an eye disease treatment. it's a huge deal for spark which is one step closer to creating the first gene therapy treatment approved here in the united states. let's bring in meg terrell with the story. hi, meg. >> so the idea that this could be the first gene therapy approved in the united states is exciting. essentially what it does, it aims to treat or even cure a disease with one single administration of a therapy. it would do that by delivering a healthy copy of a gene to replace one that's not functions or causing disease. spark is working in inherited forms of rare blindness and they showed in a study to improve functional vision and light sensitiv

stocks for the year to date, particularly wynn and micron.n addition to fundamental news on these stocks, we are seeing a bounceback affect. scarlet: thank you so much. mark: today's disappointing jobs report has many making the case against a rate hike in 2015. there is much debate over whether a zero interest rate policy is even warranted. there is a view that thinks the only thing working in our economy is zero interest rates. there's another view that thinks zero interest rates aren't working. that is the real argument going on here and that's not a matter of degree or tiinming. thelet: on the other hand, st. louis fed president said the september jobs report is just, quote, one report. from our perspective, we are rejoined by shawn. window has been open for a while and it should have raised rates. it didn't and now you have volatility in asset based pricing that is real. that becomes a problem as they look to the future because there are different the issues out there as well that they are still looking at and trying to determine if ther

. >> we've got an earnings alert on micron. josh lipton in the newsroom. >> on micron's conference call the ceo saying he is pleased with the company's execution. acknowledge that results were impacted by that pc market but argued that his company is well positioned in this market. take a listen to what he just had to tell analysts. >> stepping back for a minute micron produces technologically advanced subsystems and systems for global marketplace and today's customers are looking for value-added memory solutions to drive efficiency design. we'll continue to invest to enhance our competitive position. >> the cfo did give q-1 guidance saying the company is looking for revenue of $3.35 billion to $3.6 billion. that undershoots what the street was looking for, but you sigh the stock continuing to move higher after hours. back to you. >> thank you, josh lipton. this is day two of gains after wdc got a chinese investment yesterday. >> top line beat bottom line. that's good news right? this is a relief rally, clearly given what we've

people will talk about valuation of micron, i get it.d to know where they think deram prices are and in fact if we bottomed out on those fronts. and quickly, real quick, just getting back to the fed, i don't think it mattered what the fed did. i would push back to stephanie and say they might control the front end of the curb but they have no control ten years and out. i think the bond market is trying to tell you something. fed, you can say what you wantn't the fed. the bond market has been trying to tell you something entirely different now for 18 months. they can raise, not raise, whatever they want. the ten-year yields are telling an entirely different story. >> i would say it's confidence. not knowing what the fed is doing in the uncertainty has led to kind of people wondering what they're going to do. the timeline, bejust don't know when it's going to be. just get good communication and maybe just a single person communicating from the fed and not all of these players, which is not going to happen, but all of this discussion is so

essentially, what investors are looking for four micron is stabilization in memory chip -- for for microns stabilization in memory chip. these are chips that goes into various kinds of technology and they are looking for stabilization as we have seen a glut of overutilization. weller group that is doing today are the mining stocks. we looked earlier today at gold prices which were rising. theaw this environment for market and gold is seeing a relative rise today. groupsf mining industry have been battered. another look will be at jcpenney today. we're looking at lump sum payments and settling of their pension liabilities by as much as 35%. analysts say this is a good step for the company and the shares are up by 4%. we have seen other companies do this as well. and finally, sprint is doing some cutting, some additional cutting, and their shares are up by 3%. it is also going to be eliminating more jobs and it will let employees know about that plan -- and they let employees know about the plan earlier this week. so while there were some down issues, there are definitely silver linings her

micron shares fell sharply on the news.actually has a partnership with intel to produce the chip, a type of memory chip. ,e have been watching tesla humble after consumer rts rescinded its top recommendation for the model s after it got customer feedback. tesla is firing back saying its customer service results on the survey were still very sought -- very strong. a quick check of weight watcher --res, rising again today on after more than doubling yesterday on the news oprah was buying a 10% stake. short covering undoubtedly a part of the rally. opera a factor on weight watchers. thank you, julie hyman, at the markets desk. off the $27o spin billion stake in alibaba. anything but a smooth ride for yahoo! shareholder so far. the company lost more than one third of its value so far. to give us a preview, we want to bring in paul sweeney of bloomberg intelligence. paul, they need an oprah. they need something. paul: they thought they had it with marissa mayer. this will probably still be in alibaba's quarter for them. real que

micron is a commodity company.modity is computer memories. >> d-ram. >> and the price has been terrible. you and i were both -- we've both been doing this long enough to remember 15 years ago when micron was a $95 stock. >> so many stocks were like that. >> ouch, yeah. finally all scripps health care. chicago based technology company. avondale partners starting coverage with outperform. $19 tash get, implies 30% upside. they think it's undervalued and the market underestimating their ability to win business in the bigger hospital arena. breaking news with scott wapner. >> that breaking news is that someone who continues to believe in shares of valeant and a big investor at that, big ackman telling me just a few moments ago that he bought an additional 2 million shares of valeant today. that would be a purchase of some $200 million worth of stock today based on at least $100 share price or there about. pershing square was already one of the largest shareholders in this company, the third largest by recent filings. i

-- betty: that they might want to buy micron?o buy micron directly and also to buy toshiba memory operation and it is speculation. now they invested in western digital. betty: do they have minority stake in that? anda: they did have minority stake and it was a nice premium. betty: 20%. ananda: very minimal influence. betty: is this a way for the chinese to get chips for themselves or to get into the u.s. market? anda: it is a global market usually heavyeen and chun has been unabashed in their desire to gain influence china hasce, -- ha been unabashed in their desire to gain influence in the space. betty: anytime there is a technology deal related to china, they will be watching that. thank you so much, ananda srinivasan. much more ahead in the next hour of bloomberg " market day." president -- in the next hour of bloomberg "market day." president obama will be speaking live. we will bring in his remarks, next. ♪ betty: it is 11 a.m. in new york, 4 p.m. in london, and 11:00 a.m. in hong kong. welcome to the market day. ♪ betty: an

last week, we reported that sandisk had spoken to western digital and micron technology about a deal. adding to the funding it has available for deals. startup facingng growing scrutiny over the accuracy of its technology. investorith an early -- theness t --hera ranos. i asked him if he still stands by the company. >> we want them to succeed. we do not have the answers to the questions swirling around right now. can i give you an answer to the questions you are asking? i remember meeting her when she was still a student. elizabeth holmes. as a teenager, she started the passion.ith great i remove or my partner saying, she is like steve jobs. this is long before she was wearing that black turtlenecks. it was fascinating. she had that mesmerizing zeal to revolutionize. needles.inds of chapter,he very first $100,000 check. she has been somewhat independent. emily: do you guys have an observer on the board? so, i interviewed elizabeth last week and i had the same impression. she is impressive. succeed.em to but there are people out there who think it is a fraud. is it a fraud? do you thin

francisco fed president jon williams speaks about the economy this afternoon and memory chip maker micron technology reports after the closing bell. >> auto makers report their september u.s. sales today. they're expected to top the rate of 17 million for the fifth straight month. sales should get a boost from the late labor day holiday. the focus is on the battle between the three u.s. auto makers over pick up trucks. analysts will be watching to see what impact they fell from the stock sale order of clean diesel vehicles. >> in the last half an hour a saudi enjoy demanded that russia stop it's bombing campaign in syria. it comes after the united states disputed claims that air strikes are targeting islamic state forces only. speaking at the pentagon, ash carter says russia's actions risk inflaming the civil war. >> i want to be careful about confirming information but it does appear that they were in areas where there probably were not isil forces and that is precisely one of the problems with this approach. >> in new york the tension between john kerry and lavrov was palpable. >> we al

earnings report ahead for micron and trouble at dunkin' donuts.s all part of our trader blitz, and it's next. you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings applies to every vehicle on your policy. call to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. >> trade stocks. >> netflix's balance sheet -- >> not all in on this whole thing wrr this also raise the price target. they talk about the die lugs of nokia, and that

potential suitors include micron in western digital.op of the sphere of politics, what impact will the democratic debate have on the presidential race? hillary clinton went into the event hoping to cement or roll with a polished performance for the most part, she struck a when shetone, like squared off with bernie sanders on capitalism. ms. clinton: i think about all the small businesses that were started because we have the opportunity and freedom in the country for people to do that and to make a good living for themselves and their families. i do not think we should confuse what we have to do every so often in america, which is, save capitalism from itself. a great soundbite. phil mattingly has a morning after report on the debate and we know that clinton did well and we know that sanders was bernie sanders p look to the donors think of the debate last night? phil: any more questions, and unsolicited e-mail i got from a donor for hillary clinton. his point was that hillary clinton answered the questions left right and column the nerv

micron went down because intel announced they're going to move into flash. this is a stock that has tried the bottom and is not going to be able to succeed, , don't ththk. paul in california, paul. >> caller: jim, bu ya to you. >> booyah. i've been hanging with you since the first housing bubble, the leverage and the arbitrage and the govererent printing press created a dozen more bubbles including biotech. i love -- but because of the great earning eggs report ingings report, i went into alab pharmaceuticals. they do a lot for women. they do a lot of -- >> but as long as you know it's speculative. it's not the kind of stockck you nt to own. julian in texas, julian. >> caller: hi, jim, how are you? >> i'm all right. how about you? >> caller: good. i wanted to get your thoughts on tyson foods? my charitatae trust owned it. i decided to sell it and the stock lost a lot of money. it is doing quite well. mike in virginia, mike. >> caller: jim, booyah to you. >> booyah. >> caller: mike in virginia. my stock is kansas city -- >> everyone keeps trying to call botto

we questions micron or samsung. i don't think micron has the ability to do it at these prices. and samsung is most likely not going to come in either. so this deal gets done. don't like it as much. >> samsung said it will sit back on this and see how it unfolds. but you're looking at another one. >> look at texas instruments after the close. that is a remarkable quarter. i've been negative on the earnings releases but you have a revenue beat and eps beat guided higher. inventories are down and margins are up. they seem to be doing everything right. i'm not claiming to be a texan specialist or genius, but clearly they are operating better than a lot of the folks. >> why did everyone laugh when he said that. >> any time i say genius. >> i'm not claiming to be a texas genius. >> that is a good quarter there, sister, just saying. >>> and morgan stanley downgrades twitter from 24 to 36 after they held the developers conference flight. julia has the details. >> that is right. jack dorsey took the stage in his first big public event since being named the permanent public ceo. as he wo

last week, we reported that sandisk had spoken to western digital and micron technology about a deal, adding to the -- last month they got a billion-dollar deal from a chinese university adding to the , funding it has available for deals. theranos, the blood testing two startup, facing growing scrutiny over the accuracy of its technology. i sat down with a partner, an early investor in the company, as part of an exclusive wide-ranging interview. i asked him if he still stands by the company. and the coo of homes, after reports that the tests are unreliable. we deftly stand behind them because we want them to succeed. we do not have the answers to the questions swirling around right now. which is, can i give you an answer to the questions others are asking? here's what i can to you. i remember meeting her when she was still a student. >> elizabeth holmes. >> yes elizabeth holmes. as a teenager, she started the company with great passion. i remove or my partner saying, she is like steve jobs. this is long before she was wearing that black turtlenecks. i did not see what he was referring

micron reported last night 37 cents does beat by a nickel revenue ahead.y see demand stabilizing soon and maybe growing next year. john, interesting. >> that is interesting. sandisk up quite a bit for the week in that same wheelhouse. i want to mention go pro, box, and apple all had big news this week. all were down quite a bit. go pro and box, all-time lows. >> all right. it's friday. i can't believe we made it all the way to the end of the week. have a great weekend. see you monday. let's get back to headquarters. scott at "the half." ♪ >> carl, thank you. welcome to "the halftime show" on this friday. let's look at the starting line swrup. jim is here along with steve weiss, john, michael block of rhino trading partners, and cnbc's steve liesman. a game plan today that looks like this. exit strategy. stunning new numbers of just how much money is fleeing the emerging markets and what all of that means to your money. calls of the day as the stock -- as the street moves on dunkin, google, and facebook. our experts serve up their own hits and misses. we be

another stock is micron technology.llows reports yesterday that intel is planning on entering the flash memory chip business in china. it will start making those flash memory chips in direct competition to micron. as a result we have seen downgrades, be of a to neutral -- b of a to neutral. all of this comes the background of a difficult year for this stock. shares are down as much as 63% from its december peak. today, down once again. that is all. scarlett: thank you. abigail doolittle reporting. it is insane with technology companies -- there was no silver lining out of yahoo!'s result. they're wondering if yahoo! will exist in the next year or two. i think this company will probably be sold in the next 12-24. this is a soap opera that has gone on too long. >> i cannot figure out who buys it? scott: verizon, aol, one of the cable companies. scarlett: cory johnson joins me from san francisco to talk about yahoo!. what did we learn about these results? bristol myer, -- marissa mayer, as ceo is struggling with the compan

micron and has reaction from the victims dad. mike: wolusky had two co-conspirators who testified he was the one who killed aaron wilkinson. tristan wolusky left a dover courtroom showing no emotion after a jury found him guilty on all charges related to the murder of 18-year-old aaron wilkinson. after weeks of listening to difficult testimony, wilkinson' s father is glad it' s finally over. >> the evidence didn' t portray him like an angel or anything. he wasn' t a gangster. he wasn' t evil. prosecutors say wolusky and two others went to wilkinson' s home with the intent of robbing him. wilkinson was stabbed more than 20 times, and his body was dumped along a road in maine. the state, in exchange for testifying against the 19-year-old. >> they got to watch two people guts out. mike: wolusky' s lawyer was shocked by the trial. >> if you get penalized for taking a case like this to trial instead of lying and taking a stand, there is something wrong. s mike: the state calls it a just verdict. horrible criminal choices, and i t fath

and then seagate, of course, micron but i'm not sure how micron could even begin to afford an acquisitionike that given how much debt they already have on their balance sheet of $6.9 billion. consolidation in the industry would be nice. once again, you have this really complex situation with the joint venture between sandisk and toshiba. toshiba owns, we believe, greater than 50% of the capacity which is very, very important. >> we fleed to do the same with the good calls, right? we made a pretty good one. back on september 1 st, that fim put out a note sowihowing when y have a awful august, stocks tend to rally. we had an awful august. since they put out that note, the s&p 500 up nearly 7% from its low of september 1st. we have head of energy free raiding. history accident always work out. did you a deep dive and said when august loses more than 5%, we tend to rally. so far, so good on that call. so nice job. do you see it continuing? >> thank you. i heard you say wall street saying reminded me about a squirrel and a nut. i do see it continuing. i do. >> we had anxiety about china and we

according to bloomberg, can the computer memory firm is working with a banker on a possible deal and both micron and western digital expressed interest. shares rose initially after the close during the regular session, the stock off nearly 2% to 61.77. >>> fortress investment group plans to wind down dits flagship hedge fund returning capital to investors by the end of the year. the move comes after a challenging two-year stritch which resulted in losses and redemptions. michael know vo grats will leave at the end of the year. shares on that news moving higher by 7.5%. >> fortress is the latest example of hedge fund pain. according to data from hedge fund research and morning star, since 2009, hedge funds up an annualized 7% while actively managed u.s. stock funds up 14% prompting us to ask the question, are hedge funds worth the high fees they charge. here to discuss this and more is greg zuckerman. he writes for the "wall street journal" and also a noted author of several books. good to see you. >> great to be here. >> let's start first of all with that fundamental question. given the fact tha

>> this is challenged, competition from intel which used to be a complaint and now a competitor, micronnd shake shack is back to a level where i bought it in february and when they sold it and i think it is back. i think you own it using a 40 stop. they report in a couple of weeks. >> guy. >> letter x, levered. if the steel prices stabilize, this could go to 13.5. it was said on "options action" numerous times. >> before we get to "options action." let's go around the horn with you tim. >> starbucks, doing that on all cylind cylinders. >> steve grasso. >> i'm long on aim. along as it stays aabout 118. >> paypal. i like the e payment segment. this is one i'm taking a look at. >> great to have you simon. >> it is great. >> you can stay for the next one if you like, "options action.." >> thc. that is it. go. >> that does it for here on "fast money." but catch more "fast money" with a decent anchor monday at 5:00 eastern. "options action" begins with me again right after this break. when you're not confident your company's data is secure, the possibility of a breach can quickly become the o

. >> pam: idea i'll website under the micron for storage tabs. >> pam: update on the outbreak of the shigella bacteria all nearly 200 customers of a popular restaurant downtown san jose for their help the court recesses. results of last tests show. when food handler restaurant number 3-4 shigella. individual who tested positive likely contract the disease as a result of the a break. was not the cause of. "outbreak appears pilaf emphasize again proper hand washing the continue to monitor despite having a sudden done and what caused the a brick we do know it stemmed from this restaurant necessary action to prevent a vote to put the public. >> pam: the often than not the source of outbreaks is never found. the number of cases of this outbreak data at 191 and. >> pam: acres charred with murdering curious popular yoga teacher back in court today of three suspects and once again they did not enter a plea the murder charges of the canadian tourist and popular local therapist steve. >> pam: 20 to turn himself and the county main jail this week but was turned away hugo that accused of strangl

we thought micron might take it.ron is losing out there. .p 7.4% sources tell bloomberg news it could go from 80 to $90 per share. western -- when western digital is done with it. terms of thek in share price action here. you can see we have three dollars and $.35 gain. keith meister, who pushed for the change and got on board last at $16 to it could yum's share price and could boost it $7 billion and some of that has been price instant he got on board. i finally want to talk about a smaller company, the fresh market, it looks like it could get taken out. credit suisse has joined the bandwagon. deutsche bank was saying that yesterday. there is a stock to look at for possible m&a action for we will take a quick break and when we come back, we will talk let cord with dwight anderson. glencore with white anderson. ♪ -- dwight anderson. ♪ stephanie: it has been a painful couple months for glencore. record lows in september as investors worry about liquidity and a slumping commodities pricing. glencore responded by seekin

informational leading to the rest conviction of the personnel being dubbed the kings bought inroad cat vandal microns reaction bicycles the only has he seen the tax for his customers have as well for those customers but these thumbtacks last week and fear of what could happen as building among writers took says he is a message for whoever's doing test. this is"a serious crime problem you should stop these" toll >> j.r.: small mills also thrown out on to the roadway woman told me in recent months she's has six flat tires at this point no arrests have been made. in this >> pam: leaders accusing the other the whereabouts of three suspects charged of a murder of a hiker outside fairfax a backpacker and golden gate park for they know the three were members of the homeless population in san francisco-fast for very district as a profit have prior to the killing still try and make sense of golf after their arrest if steve says that he realized he actually said next to the morrison for laughs while walking his dog and golden gate park. "have been working that child per committee would of been murdered. "he lo

be interested would be micron.ccording to people familiar with these talks, western digital has seen little change this morning. it would be a business, if you will. those two would be more complementary, it is not clear if any deal will actually happen at this right. but definitely be stocks have been reacting. we had a couple of other earnings reports for smaller makers. linear technology came up with earnings that beat estimates. smell came out with sales below forecast. the company said customers delayed chip machine estimates because of slowing demand for pcs and smart phones. a little bit of a mixed picture in the chip world today. betty: thank you so much, julie hyman. the company twitter has as theed omid kordestani executive chairman. this comes on the heels of the job cut announcements yesterday. so he was a google advisor, right? >> he had a big job in operational sales with google for years. so he has a lot of background with google. a very interesting appointment, for one, this is jack dorsey putting h

sandisk has also spoken to micron technology, and a deal with either can be reached this week. market cap of $14.7 billion at since firstthan 16% reported last week. japanese materials company, the latest to push up corporate bond risks after it admitted that one properly failed to install something at an apartment building that is now tilting. now jumped 31 basis points. toyo tire also. the story about toshiba, bond risk has increased by 90 basis points since accounting irregularities were revealed in april. that should be irregularities. earnings season on the way in the united states. our next guest -- despite pessimism from analysts, hear from rank of america, after this very short break. ♪ oil saying it's on track to meet full-year output, now trading more than 2% down. as oil search comes online, we wanted to check back on that data for you after paul allen's report. checking some other stories making headlines. china's president has begun his state visit to the u.k., where expected to sign deals worth of billions of dollars. the u.k. was the first major western country t

maybe micron or western digital what about coming out of this?e believe is the momentum stocks when it comes to attack looked at the blue-chip names like cisco systems or microsoft you will see mergers. charles: the democrats are ready for battle tonight and hillary clinton takes center stage but joe biden much a lot more electable against the former secretary of state. at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. nobody's hurt,but there will you totstill be pain.new car. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement, we'll replace the full value of your car. see car insurance in a whole new light. liberty mutual insurance. ♪ [

they spoke to western digital and micron technology. you want to cut costs and scale of your business and everyone is looking for them to gain on that. we do want to update you on what happened after hours at ibm. it was a pretty ugly earnings report for the company. dollarhurt by a rising at about 9%. low margin operations and shifting its r&d. it is also dealing with a weaker emerging-market and older businesses. to that point the company wound up cutting its forecast for the year. something to readjust for that business transition. scarlet: it was an interesting day when it comes to chinese data. we are going to joe for a deep dive. talk a lot going to about headline gdp, basically coming in right around estimates. i want to dive into my terminal because the first thing you notice is there was a split. this white line, this is the services. those are actually accelerating. the secondary industry, continuing to decelerate. this is what they want to happen. they want to make this shift. this gdp report was a snapshot in and of itself o

but micron technology was announcing extreme flash technology. a faster flash memory.ompany thinks it could revolutionize the way the designs forindustry instant performance. the stock down 2%. betty: thank you. on the nasdaq.le after more than a decade in power, canada's preservative -- conservative party is out. justin trudeau one the majority in the national election. gained 150 seats, the biggest political comeback in canada's history. >> this is what positive politics can do. this is what a positive hope -- a hopeful visiona nd a platform and a team together can make happen. across this great country sent a clear message. it is time for a change in this country, my friends. a real change. payroll or richie joins us now from the toronto stock exchange to explain the global impact. what happened? it was a landslide. 184 seats for the liberals. returning trudeau is to the home where he grew up. he grew up in the official residence for the prime minister in canada, which we call 24 sussex drive. he was there when his father was prime minister. he now returns with his

micron closed down 10.8% yesterday.ank of america is out with an underperform from neutral downgrade and also putting out a $12.50 price target. needham & co. cut from a hold to a strong by. shares are up more than 50% relative to the stock. the philadelphia stock exchange semi conductor exchanges off a little more 3%. alix: thank you so much. shares rising as much as 17% in early trading to an initial price of $52. that price is a top end of its range. fiat chrysler limited the number of shares available in the offering to about 9% of the company. joining us as matt miller who spent the morning at the new york stock exchange talking with happy automakers. matt: and big owners. i'm enthralled by the brand as are millions of people around the world. it was interesting to see the nyse carry out the ipo so smoothly and quickly. within 15 minutes they had the stock opened and within five they had traded 10 million shares. a really interesting story. the history of for robbery -- the history of ferrari. i talked to john elka

top five, transocean, marathon, alcoa, micron and number one is dupont. 15% for the week to date. >> wow. value -- value created there. >> i mean, you can still question whether trian was better off having sold when they got beat. >> right. >> right? >> stock was 70, wasn't it? >> higher than that. >> yeah. >> but 57 looks better than 45. >> well, yeah. >> yeah. >> actually 47. >> that's -- >> you like that. >> you did ann algorithm. >> can't get anything past me. >> the oil, oil has bottomed. they are the worst of the oil and worst of the drillers, the ones that were most stretched. i know oil was down 25% in q3, i think that oil is finding a bottom, and that does matter. oil turned up on friday. that's when the stock market turned, not from the employment number. it was oil turning. >> right. >> yesterday, oil started go down. the market was turning down. oil turned, then the s&p 500 turned. it's in charge. >> how much of this move in depoi depoid dupont is much the expectation that breen will undertake -- maybe they do something with ag. dow chemical may want that unit. do you thi

and i was wondering after the slide on western oil and san disk if it was just a coincidence if the micron slide with them? >> no, because they're going to move and this is now a stock that's tied to the bottom and not able to succeed. >> you how about paul in california? >> jim, i have been hanging with you since the first house er bubble and the government printing presses. i love but because of the great earnings, i went in to pharmaceuticals. they do a lot for woman and kidneys. >> yeah they do. as long as you know that it's speculative. that's not the stock to own when they're giving them away. there are. >> joy in texas? >> just wanted to get the thoughts on tyson food sns. >> i blow up with them. my trouble trust owned them and the last quarter was so bad and lost a bill bit of money. it's doing well. mike in virginia. >> mike, from virginia my stock is kansas city southern. >> everyone k50eeeps on trying call bottom and the only one that i do like is union pacific and i think that it's too early to know that. and that ladies and gentlemen is the conclusion of the lightening round.

micron and western digital were mentioned at the time. potentially businessisk, that same career report says that sandisk has a premium in the memory space. any m&a transaction is likely to generate a real premium. if we turn to the not so good, the red, when resorts. ticker why an end. . disappointing on the top line, n.o steve ngye macau is striking back saying that all casino operators need to follow its rules and that they demand clear understanding and full compliance from the casino operators. apparently, investors do not like the news. shares are off more than 6%. that is all from here. back to you. betty: abigail doolittle at the news -- nasdaq. in an exquisite interview this with, jamie dimon spoke stephanie ruhle on bloomberg this morning on a number of issues, including fears of a china slowdown. jamie: china has had 20 years of undistracted growth, disrupted,d -- on never before seen. when they go to market reform, their enterprises have to have more transparency, more bond markets, collateral markets, reduce corruption.

micron, sun edison and these are the things that have dominated him all year. a short investor as well and he's made a number of seminole presentations about authority these he's. he saw the bubble. >> -- bubble markets but that is one thing that surprised me about his performance here. you can see what happened on the long side if you look at the stocks he hold but on the short side i thought he would have a more balanced result because of his strong views and the fundamental work he does. >> and kors having a difficult year. so perhaps more detail still needed on that position. >>> you tube making a change to the business model. we'll tell you those when we come right back here on the "closing bell." there's a difference when you trade with fidelity. one you won't find anywhere else. one-second trade execution. guaranteed. did you see it? in one second, he made a trade, we looked for the best price, and the trade went through. do the other guys guarantee that? didn't think so. open an account and find more of the expertise you need to be a better investor. >>

this move has been picking up steam since western digital caught a buyer and micron failed to go down after one more disappointing quarter. i have long held on this show and this is the 11th year, i have said over and over again that actual growth, real growth is the magic elixur behind the best stocks but i have also seen them swoon particularly after big runs. this is part of the equation. it has happened and just always happens. the growth stocks get big and then they get pull backs. sometimes it's self-fulfilling as in the overwhelming deals that sopped up excess cash and there's more in the price. this rotation has some of the characteristics. sometimes it's part of a larger redemption run against money managers whose only stocks need to raise cash and sometimes it's because the charts are just plain ugly. this is being driven by all four of these factors and believe me no politician is going to stop. it's just too easy to demonize the drug stocks. that's it. let's accept it. but nothing more. it doesn't mean you'll make money if you start buying health care right here. you might

one of the names higher is micron. late friday an s.e.c. filing revealed micron ceo requested a temporary base salary reduction as the company goes through cost cuts. his base salary has been lowered by 50% to $525,000. trouble in toyland though. we have 66 days before christmas and hasbro shares are tumbling down almost 9% after third quarter sales missed estimates and sales of those girl toy brands like mi little pony, furby, fell 28%. hasbro said its "star wars" licensed toys were off to a strong start but didn't elaborate further. and we've got shares of rival mattel down 3%. of course, we know that's a barbie maker. and if toys in the girls sector are struggling in hasbro, that could be bad for mattel. >>> where else are the ripple effects being held? >> if you look at the china story, we knew, we had a feeling china's gdp numbers would come below 7%. the first time since the global financial crisis. you see the oil trade. the shanghai composite, you can see over the past year, still up 44%, 45%, although this is what everyone is focus

they are cutting their price targets on micron today.re cutting 5% of the global work force amid weak demand for its intense competition. they are outsource certain i.t. and app development services. they'll cut jobs and won't shut or idle any manufacturing facilities. the company will take a $42 million charge. most of which will be recorded in the just ended third quarter. shares rose .5% in after hours but aren't down nearly 2% today in europe. >> thank you very much. let's move on. amazon will stop allowing 3rd party sellers from offering google and apple streaming devices as it focuses on its own prime instant individual qstrea services. devices sold on its sight should be compatible. apple tv and chromecast will be banned but can still offer other devices which work with amazon prime video. right let's get back to our viewer exchange today. snapchat will launch a new ad format on halloween letting advertisers insert their brands as selfies. the financial times says the popular messaging app will sell sponsored lenses costing $750,0

this is being led by micron, which got lost yesterday. things like a lot of the energy names. if you believe that a fed rate hike really has been pushed back until next year or even to the latter half of next year. called it rocket fuel for the kerry train. that's what we're seeing. >> and not only that and twitter doing well. rack space up nearly 8%. some of the recent losers like groupon also up. we'll see how long this lasts. >> dow's up 600 points from the lows on friday. if you can believe that. let's get to the halves. scott wapner in jersey city today. >> all right, guys, thanks so much. welcome to a special halftime show. live today from the liberty national golf club. we're here for the second annual harlem rbi charity event. a day that supports the organization's youth development program and charter school which serves 1,500 kids and young ah dults adults with year round sports, educational programs and other services all free of charge. a perfect person to hear from. greg fleming is with us to

. >> micron, doc. they beat stocks moving up. >> yeah.as substantially higher right after the bell last night. beat by 5 cents. said that stabilization in their market, that they're selling into is what they project for that reason. the stock made a nice pop yesterday. was it at the 52-week lows, but ahead of that report just 22 minutes ahead of the report, judge, somebody epped in and bought 10,000, basically at the money calls just like that. swept multiple markets buying those. they were the options that expired today as well as options that expire next week, and they made about 400% in those next 22 minutes when they reported that great earnings announcement. >> all right. coming up, ten-year note yield goes below 2% for the first time since august. what's the bond market telling us? we're going to head to the futures of the cme coming up. glencore trying to calm investors. the stock down 25% in the past month. there it is today. up 6%. can it succeed in fighting the tailspin and what does it mean for your money? we're going to go liv

micron technology, memory maker, this is a market where we used to have more than a dozen players, noway. and or are, yeah, earnings are depressioned, but they're solidly positive. -- depressed, but they're solidly positive. the next peak this company could earn close to $5 a share, and you're buying it at less than four times what the next likely peak. liz: i think you're right, you know, it's so interesting, i'm looking at the s&p leaders here. you've got transocean which was heavily beaten down, rig, is up about 8%. you've got alcoa is looking very good. you've got all kinds of names here, chesapeake energy, the energy names are moving along. so, jim, where would you be putting the money right now? >> look, i can't speak for other companies, but i'm sure they're all renewing. let me tell you something, the price has jumped considerably. i'm not talking biotechs, i'm talking health care, the affordable care act and an industry that's consolidated. to me, the health care sector continues to be a place where i think they have pricing power over their customers, and it's a benefit. liz:

viewer to a story like us to look into some it your idea on a website kron4news-dot-com click on the micronr story to have to send us your story. >> diane: deconditions out there right now live can outside golden gate bridge low clouds and place even like that on east bay shoreline of the north they take a look of that storm trackers shot and scattered showers and pamela mancera says well center fell pushing out west and out of the system here will continue to the early evening hours and then another chance of beguin come saturday next few days for you from 81 partly sunny skies saturday more clouds roll and the chance of showers again saturday evenings sunday morning them by sunday morning and afternoon partly cloudy skies temperatures in the upper seven is for the valley is 70 the state's shoreline cities and along the coast and then a big story here far rebuffed pressure system cooling things down as we progress in the end of a week and early next week as well as the cloud cover succumbing in saturday that has a slight chance of showers million the north bay again and parts the east bay

the flash memory company hired a bank to explore a sale of micron technology and western digital said to be in talks with sandisk. >> merger is going through. we'll talk about that. but is it the end or the beginning? >> we're getting closer to the end. >> but it's frothey. >> these are 60 and $100 million deals too, right? >> i would argue all being done by companies that have weak fundamentals and that's the scary part. the question though, they're slightly more rational than the deals at the real end of the bubble which is to say the pie in the sky crazy idea things that make no sense. >> worries. >> yeah. >> well, i don't, you know, who cares who makes miller light. >> i don't know how you get over some of the regulatory hurdles. >> that has to be rationalization. 90% of that. >> they're operators. they come through and know exactly how to strip out all the costs. >> i never thought i'd say it but i heard those companies are going to report and i say you know i'm interested. i'm interested in how the reports are going to be. i never thought -- but i am. we have been basing our vie