micron's letter tthe ench people comes in four wide criticism was meant to launch the great national debate the brain child of the president's a chance. to ask the public given that say to address the demands of the yellow vest movement. is nine weeks of demonstrations and violence. rocked france . thank you very much for being with us. theresa may is making a last ditch bid to make her rebel and peas get behind that brags that deal. she was delivered another blow this monday as a conservative with gas johnson resigned his job was trying to get those rebels back in line. uk prime minister's day began in storage breaks it territory stoke on trent in the english midlands stock was one of the strongest boats to leave the eq back in twenty sixteen in the referendum. debates me going on in the commons when mrs may later urged her growing number of opponents not to let britain down. over her briggs deal. latest jeremy corbyn who is pro brexit although my make tomorrow state and will be only three days to come up with. right that solution. is it in just the right [inaudible] state. minister

first of all, why did micron get obliterated in the first place supply and demand. particular a ton of supply with lack of demand basic building blocks of the new economy. just like paper and chemicals to the basic building blocks of the old economy. those comments acted as an accelerant sending the whole tech sector into a tail spin the intensefication trade war with china didn't help demands seemed to peak just when new supply was come can online to build new facttories and when that happens, that is when stocks got crushed from tight to glut the stock did not react well so why the heck is it rebounding like crazy management told us business is awful. aren't these bullish analyst jumping the gun? this rally is about a turn in the second half. if you believe the trade war will simmer down and fed chief will hold down on the interest rates, then an expansion can start. it is not gun jumping if you listen to what micron ceo told cnbc this morning in las vegas. >> what's important to understand is the content within the smartphones, the amount of memory, the amount of

live in las vegas from ces a lot more from jon in just a few moments, including a sit-down with micron'shief, sanjay mehrotra. we're going to begin with the major averages continuing to kut some recent losses on hopes of surrounding u.s./china trade talks and recent dovish comments from the federal reserve just today, fed president bo bostic, a patient approach is now warranted. joining us in a cnbc exclusive is callster's chief investment officer, the largest educator-only pension fund, $219 billion under management chris, good to have you back good morning >> good morning, good to be here >> we've sort of followed you as we've gone through the end of last year and now into the new year i wonder what you make of this run, if you think expectations have been set low enough, as we now await some q4 earnings >> oh, i think they have i mean, that was the worst december in history. so, i think that we're going to see a moderate january and at least expectations have come down from where we were in august and september where they were euphoric maybe now they're a little bit more realistic >>

as bmo pointed out, micron's price reduction.hy does this upgrade matter when micron reported last month, the company issued a horrific buy down and the chip makers had already been devastated by nvidia when lowered the boom on early october. i am talking about kovo, and eventexas instruments. today it rebounded there is a little more to it than that. ceo of nvidia brought out new graphic chips that could reignite the gaming. intel is the cheapest and steady player second, i consider broadcom the ceo hock tan that has diversified. i like a and d now come roaring back. recognition that the worst is already baked in finally kicking the tires on texas instruments. more importantly, semis are a good leadership group. when rallied could make a big difference for the market. more than 3% yield to snap out of its seemingly endless funk. oh, and even micron of course could be worth owning although i think it has one more bad quarter before it makes it i agree with bmo that the stock is worth buying right here much more "mad money" and in

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and pride which are poorly represented by carries a light macro get when the market on the chair micron said we are relevant we are relevant at the next european council. we will tell you that you have to start the colonizing those states you are exploiting mccrum says that salvini and i are not up to it let the italian people decide about that and we heard from a former deputy speaker of the belgian parliament who told us the very public bust up could be down to the upcoming european parliamentary elections. although i would say that mardi gras is a bit more blige it's not up to him to give such comments about the who it beatle of another country should shoot shoes as their leaders just don't do there of course and i would say what the a dull your leaders are saying here are much worse than what marco missing but both are wrong in doing in acting like this but is perfect believe that prison micro and the italian political leaders are doing this is just as a preparation for the elections upcoming elections in me for the european parliament so basically one of the these people want to do

how would you rate micron in his party's chances for the may elections. difficult to go that this time you know it's it's still very uncertain surely mccollum doesn't. show us beck tackler record for his own people. that's a thought you know he entered as a a name of big change a fresh air in the. blocked establishment in france and the world rather disappointing i don't know if is main compared to mrs the perp would do better this is a big question but of course you can pretend that she and change everything and show some results this is an old game in politics i was under great to speak to appreciate your time my guest political analyst alice under a political thank you very much of a lazy evening. ok change of subject now the political heat is rising in bella's weyler and protests are growing ever more violent that the u.s. in the meantime has said that it fully supports the country's opposition and its decision to form a new government u.s. vice president mike pence even showed off that little bit of spanish. i'm mike pence the vice president of the u

week minor scuffles erupted in paris as protest to set barricades on fire and calls for president micron to resign. and. was . was was. was. only because he got kenmore or these things were calm at first people were told they needed to declare their gatherings to authorities and that would guarantee our safety we declared the gathering spot where was our security things got out of hand everywhere they used tear gas on us it looked like a civil war they charged us used pepper spray journalists trying to take cover inside building lobbies were thrown out it's a hostile situation and it's terrible in any case what's apparent is that this movement is still here it's not losing steam into twenty nineteen it's still going on security personnel were deployed to prevent violence in paris as well as other cities across france demonstrations also took place in rowan early on in the coastal city of families that the movement hasn't called a halt to its actions despite a government climbdown ever fuel tax increases this weekend's protests comes just two days after the end of fast sent my corner that

vests movement marched through the streets of france on sunday as the protest against president micron's government entered its eighth week in paris hundreds of women could be seen waving yellow balloons dancing and singing the national anthem. i. while the rally in the capital was largely peaceful although there were brief scuffles between protesters and police one point officers used pepper spray and riot shields to control the crowd women in yellow vests that were also gathered in the cities of. loosen then leon and saying it's. slogans chanted by the women as in previous demonstrations focused on president micron whose resignation is demanded by many of the protesters. all right at least fifty thousand of the movement's members took to the streets a day earlier on saturday as those protest barricades set on fire and more calls for the immediate departure of france's president. was . was. was. only the doc and more or less things were calm at first people were told they needed to declare their gatherings to authorities and that would guarantee our safety we declared the gathering spot

government yellow vest protests and all micron even suggest that it's only should find itself the front leaders the italian people are friends and deserve leaders worthy of their history so good luck to them enjoy their education enjoy the ride as far as i'm concerned i speak to president conti. the feud between the two allies was triggered a year ago when it's really started to push back against micron's immigration policies it was hit hard by the migrant influx and refused to back tougher rules on settling refugees the tensions have gone a step further though with both paris and rome accusing each other of mismanaging crises italy's interior minister moto sylvie has even urged the french public to oust president micron from power. bin the i hope the french can free themselves from a terrible president and the opportunity will come or may the twenty sixth when finally the french people will be able to take back control of their future destiny and pride which are poorly represented by character like macro get when the market on the chair macro said we are relevant we are relevant at the

micron ceo will join us as well.e extra intrigue with apple getting into the messaging fray this week took out a big ad on the side of a hotel. it reads what happens on your iphone, stays on your iphone play on that famous las vegas tag line >> a shot across the bow at amazon and google. also this other news which i know you have strong feelings about that apple is teaming up with samsung too >> some trying to make this being apple admitting it isn't going to win with apple tv i think this is apple trying to play a new game they did 15 years ago. remember just a bit ago they kind of had this truce with amazon you get amazon prime video on apple tv apple's trying to widen the playing field here and suck some more people into its ico system. we'll see how they play that all out. >> there's privacy, marketing and if you're talking to micron, we'll look to see if it's the themes out at ces. it will be a turn and sentiment for sure >> micron loves a conference like this. a lot of companies trying to make the argument arou

some retail way overdone, i could see 20 >>> coming up, micron and western digital waving a red flag as chip stocks. >>> the biggest car makers are going electric general ford and others trying to take on tesla can the car stocks catch up? >>> pete says there's one stock in the sector. gives the name when he steps up chor"ft neate. mu me asmoy" right after this 300 miles an hour, that's where i feel normal. having an annuity tells me my retirement is protected. learn more at retire your risk dot org. you'this january 18th-24th, would like to say, "thank you." enjoy a free week of movies on us- from networks like epix, lifetime movie club, hallmark movies now, and history vault. just say, "show me movie week." that's a full week of your favorite hit movies on your tv, online, or on the go with the xfinity stream app. [shouting] it's all on us, and it's all coming soon. you've got some serious watching to do. >>> welcome back to "fast money. automakers are in high gear at detroit's auto show and tesla and ford and gm are rolling out plans for the electric car market phil is live with t

little cloudy macro and geopolitical dynamics that weighed on outlook for 2019. >> these are not micronpecific industries we expect them to work through over the next couple of quarters >> joining us, founder and former ceo tj rodgers. nice to have you how important is the chinese market for chip makers here and everywhere >> biggest customer in the world. china, it is where everything gets made. that's where you ship the chips. >> and so what do we make of a slowdown and what do you make of it in terms of how long it may extend and if you want to weigh in on some stock prices, given you saw your shares of ups and downs at cypress semi. >> all right so first, a short anecdote i remember first quarter of 2001, that was the dot com crash, we booked prior quarter, had done a billion dollars in revenue and bookings for first quarter were $87 million book available 0.1 compared to that, there's nothing happening. i heard the word tepid a few minutes ago. that's where it is at. with regard to china, there's two theories one is trump's actions against china are having impact and they're going

a french president among your micron's launched a nationwide debate aimed at tackling the yellow vest protests in an open letter micron's said he was open to ideas but warned he will not back down from his twenty seventeen election promises course france has been rocked by more than two months of demonstrations which began over a fuel price hike natasha butler reports from paris. for more than two months france's yellow vest protesters have been on the streets angry over the cost of living and a political system and president they say ignores the poorest kid movie vertical news you could discuss us is that no one listens we accept paying taxes but why don't the richest pay the government has tried and failed to stop the demonstrations by offering some financial concessions now in a letter to the nation emanuel mccall says he hopes that a new national citizens debate will transform people's anger into solutions we won't agree on everything that's normal that's democracy but at least will show that we are a people who are not afraid to speak to exchange views and debate and perhaps will

micron's message didn't go down well with opposition leader who called him in and pasta and accused him of being out of touch with the french people the authorities in paris were prime to tackle more and massed on new year's eve with twelve thousand police officers on standby in the end very few protesters tent out and those who did were blocks from joining the celebrations in central paris french publisher and author i'm rick mondale predicts the demonstrations will soon receive. with all the blunders the government and especially the peace making i don't see any soothing of the situation this movement through would of course continue into two thousand and nineteen the movement is so popular between seventeen and eighty percent of the french support them all approval movements that it is not excluded that especially in the provinces john barbs or even policemen who have more in common with the protestors and with the officials in paris because become sympathetic with their cause and refused to execute orders eminent mccraw embodies what the yellow best rejects brutalization and pro-bus

in france president micron used his new year speech to hit out to the extremist elements in the country. i mean there's a whole. period great division and anger broke out to anger against injustices against the course of a sometimes in comprehensible globalization against an administrative system that's become too complex and lacking in empathy there was also anger against profound changes that call into question our society's identity and direction. this anger has shown me one thing no matter how excessive or overflowing it is we will not quit. micron's message didn't go down well with opposition leaders who called him an imposter and accused him of being out of touch with the french people their thirties in paris where prince attack or more and rest on new year's eve with twelve thousand placed officers on standby in the ends very few protestors tent out and those who did were blocks from joining the celebrations in central paris french publish an author predicts the demonstrations will soon receive you. with all the blunders the government and especially the peace making i don't see

remember, celgene, six times earnings micron, four times earnings.ear market valuations and analysts and companies are taking advantage of them >> all right key to this market, we'll be keeping an eye on it a few minutes from now when we get started with trading by the way, the opening bell will be followed by jim's exclusive with the ceos of bristol-myers squibb and ayituse. st wh ♪ ♪ ♪ each day, brings new possibilities. that's why you need a partner dedicated to helping your company reach its goals. u.s. bank -- the power of possible. >>> you're watching cnbc's "squawk on the street" live from the financial capital of the world. the opening bell in 90 seconds busy monday morning ahead of a big week not only the fed minutes, david, on wednesday, we'll get powell again on thursday. ecb decision, cpi for december on friday. got ces, got this health care conference that jim's at a lot to chew on this week. >> a lot of news that hit us this morning too, which will get to around the bell as well keeping an eye on crude oil, carl as goes crude, seemingly

micron, a month or so ago. when they said smart phones were slowing down now you wonder if micron has to reguide to tim's point the trickle down -- >> i can't believe i'm going to ask this question, but has apple gone from a stockthat was pulling back apple of all the stock people are going to be afraid to touch it here? >> there are a couple of consensus where this stock has had declines where we're almost getting there, 230 or something like that. it hasn't been abnormal. the difference is it's leading the market this time it was actually able to kind of have those corrections as the cycles changed think back to 2012, think back to 2015, '16 this has happened before. >> during those times you could argue that those were apple specific everything tim cook mentioned is everything the market has been worried about. trade, rates, dollar all of those things are macro economic issues that they have no control over. that could broaden out to the rest. >> it doesn't sound like an overnight issue. >> not -- >> we've b

allies was triggered a year ago when italy started to push back against micron's immigration policies italy was hard hit by the immigrant influx and refused to back tougher rules on settling refugees but the tensions have gone a step further with both paris and rome accusing each other of mismanaging crises italy's interior minister matteo salvini and even urged the french public to oust president mccrone from power. i hope the french can free themselves from a terrible president and the opportunity will come or may the twenty sixth when finally the french people will be able to take back control of their future destiny and pride which are poorly represented by carries a light macro. micro and said we are relevant we are relevant at the next european council. we will tell you that you have to start the colonizing those states you are exploiting. says that salvini and i are not up to it let the italian people decide about. we heard from a former deputy speaker of the belgian parliament who told us the public spat could be due to the upcoming european parliament elections. although i wo

itself in his remarks about micron it's just the latest in a string of verbal attacks from italy on its neighbor on monday france some of the italian and best ambassador after italy's deputy prime minister luigi to mio accuse paris of pursuing a colonialist policy in africa and of worsening the migrant crisis. we must address the causes of this crisis because people are leaving africa in part because some european countries led by france have never stopped being colonizing. the little bit been in the french easy i hope for the good of the french who are a great people that they come out of that moment of crisis micro and was a laboratory invented product to stand in a way of any change on the horizon that seems obvious to me now. we spoke to political analyst out of standard of quality he believes that there is a personal ill feeling between the french and italian leaders important countries within the e.u. does agree strongly and not just because there are interests that can be negotiated but because there is a sort of used feeling person feeling the important thing is not really what

town where this latest rally took place was put on lockdown prior to microns visit the protests were first triggered by proposed fuel price hikes back in november with the grassroots group claiming tax reforms have decreased in living standards in the country well for more on this now we're going to cross over to journalist and french public. thanks for coming on to the program now he seemed in a bit of trouble really protests they seem to be ramping up again after the new year what can he do to calm the situation down. oh only the resign nation of president mccrone could become people's anger he's now trying to to organize a big debate and that is his last card but according to a poll fifty two percent of the french do not intend to participate in this big debate and sixty seven percent think it would not so the yellow vests kruk crisis only only a small minority eleven percent say that they are absolutely determined to take part in so that and the government spokesman also said that that we there with anyway carry on the reforms you have seen to yack today those down in southwest f

your movement nineteen months ago with desert disturbances growing french president some money no micron has condemned the l a vest on twitter and called on the protesters to calm down and recommit to dialogue. also on saturday the office of the government says she. is targeted by about fifteen people they try to but failed to storm the building graver was later taken to safety it comes just a day after he branded the vast agitators who were focused on nothing more than staging a coup. if you she said. since the announcements of emanuel the yellow vests have become a movement of agitators who want insurrection and to overthrow the government moreover those who call for debate don't want to participate in the great national debate room the mayor of the town of maize on the feet shack believes the reforms micron is trying to push through out of touch with what the public wants is said that they will continue is reforms but the reforms is asking for are not the reforms that the french are demanding today you know is thinking of european summer and which the french don't like so i think it i

and you touched upon a bit micron's words what do you think the interpretation will be back home in the l a vessel seize on it though it is going to cause more problems for micro i think there were i haven't seen it yet but i think there will be outrage i think people will be very angry and he's been bitterly criticized already by the spaniards who say there was no need to talk like that and the other ludicrous statement from europe is from the european union itself that called on the democratic forces to take power and so on and the statement is made by the president of the european union donald tusk who is an elected i mean you just can't believe that these people are unable to look in the mirror and see how ludicrous their statements are twenty one thousand might be the year of the an elected official the way we are going or rather great to speak to robert harness is my guest he's the european correspondent for the diplomatic service thanks. mom. well demonstrations are still rocking in caracas with anti literal protesters taking to the streets in support of the opposition we spoke t

the slogans chanted by the women as in previous demonstrations focused on president micron whose resignation is it demanded by many of the protesters. arrive at least fifty thousand of the movement's members took to the streets a day earlier on saturday those protests saw barricades set on fire and more calls for the immediate departure of france's president. was. i. was. was. only a few dog and more things were calm at first people were told they needed to declare their gatherings to authorities and that would guarantee our safety we declared the gathering spot where was our security things got out of hand everywhere they used tear gas on us it looked like a civil war they charged us used pepper spray journalists trying to take cover inside building lobbies were thrown out it's a hostile situation and it's terrible in any case what's apparent is that this movement is still here it's not losing steam into two thousand and nineteen it's still going on well despite the government backing down over the fuel tax increases which sparked at the rallies in the first place they've continued for eigh

robert harness believes that the el of us movement would be quick to praise micron's words it is the most absurd statement when for the last ten weeks we've had people rioting all over the place in france it's a very strange thing to say i don't think it will go down very well at the political class i don't think they would think it was a very clever thing to upset bearing in mind as we have both said as france has a serious problem with public order itself i'm sure he would be violently criticised it for us i see people would be very angry and he's been bitterly criticized already by the spaniards who say there was no need to talk like that what would he say if the russians back there that in the yellow jackets and said they recognized one of them as the president of france i mean it's ludicrous you just can't believe that these people are unable to look in the mirror and see how ludicrous their statements are. scotland's former first minister alex salmond has been charged with attempted rape and sexual assault he's now been released on bail following his appearance in court in edin

czech republic saying their governments are ready for any outcome but french president a man who micron was a bit more explicit he thinks that britain would be the biggest loser in case of a no deal breaks it he also said france wouldn't stop defending european interests to help britain out of its political troubles the president said he expects that london will ask for more time to renegotiate the deal. leaders have also responded to westminster's breck's that rebuke european council president has hinted that britain could come back so it's norden to get out of the impasse while president of the european commission shaun claudio has tweeted that he regrets the outcome and that the risk of a disorderly withdrawal of the united kingdom has increased with this choose days vote. while m.p.'s were voting inside hundreds of people gathered outside the houses of parliament to our correspondent has more. but in the chamber of course it's a bit of a coalition of remain as and leave as who opposed the deal that was put forward by to resume a i suppose a bit of a muted reaction on the ground beca

or with disturbances growing in many micron has condemned the yellow vests on twitter and called for the protesters to calm down and recommit to dialogue the mayor of the town of mesan the feed believes the president's performed plans are out of touch with the public. is said that they will continue is reforms but the reforms is asking for are not the reforms that the french are demanding today you know is the king of european sovereign which the french don't like so i think he is absolutely dreaming you know european searcher and i think is absolutely. absolutely out of the common sense of the french today i think that the luck role as been elected by chance but is not having a huge ledger it seems that he needs to implement what they wish just because you know they are seventy or eighty percent of the french nation which don't like what you propose all right with protests spreading from france to other european countries are pro brigida demonstrators in london have now also adopted the yellow vest as a symbol eroei in the capital on saturday resulted in clashes weeding police to ma

well the distance is growing french president on your micron's condemned the yellow vests on twitter anti called on the protesters to calm down and recommit to dialogue also on saturday the office of the government spokesperson benjamin greebo was targeted by around fifteen protesters who tried but failed to storm the building greebo was later taken to safety and this came just a day after he branded the yellow vest agitators focused on nothing more he says than staging a coup. if you she's a nurse. says the announcements of the manual macro on the yellow vests have become a movement of agitators who want insurrection and to overthrow the government moreover those who call for debate don't want to participate in the great national debate. mayor of the town of mis on the feet me are believes that the reforms maicon striving to push through are out of touch with what the public wants. he said that they will continue is reforms but the reforms is asking for are not the reforms that the french are demanding today you know is the king of european sovereign to which the french doglike so i

has even urged the french public to oust president micron from power. i hope the french can free themselves from a terrible president and the opportunity will come or may the twenty sixth when finally the french people will be able to take back control of their future destiny and pride which are poorly represented by carries like macros and get on the market on the micro and said we are relevant we are relevant at the next european council . we will tell you that you have to start the colonizing those states you are exploiting. says that so i am not up to it let the italian people decide about. right we heard from a former deputy speaker of the belgian parliament who told us the public spat could be due to the upcoming european parliament elections. although i would say that mark rule is a bit more polite it's not up to him to give such comments about a who it beat out of another country suit should shoes as their leader you just don't do that of course and i would say what the italian leaders are saying here are much worse than what marco missing but b

and france hits a new low interior minister calls on the french people to get rid of president micron's. the us government throws its support behind venezuela's opposition needs its political chaos and crackheads. are my friends the united states supports the courageous decision but i want to do it the president over your national assembly to assert the father's constitutional powers . and the russian foreign ministry responds to new revelations that the first person on location after the poisoning a former russian spy say was to see the u.k. military doctor. this just tend to him head in the russian capital this is our t. international. italy's in terry a minister mattis salvini has launched a scathing attack on the french president escalating an ongoing row of immigration . depends ski has the story. well incredibly strong words from italy's deputy prime minister style vini with relations already strained he's no poked away even further a president might go on saying that he hoped that france could soon be free of in his words a terrible president when the i hope the french can free t

micron in particular talking about cloud and data center buying slowing down.ld that mean that the momentum in the mega scale cloud providers like amazon and microsoft is slower than analysts estimated >> i don't think so. we may have deceleration of growth it is still within it spend the most robust area when we have results from the cloud oriented businesses reported by microsoft and amazon, we get some confirmation of my view in the meantime, with a little slower growth we have a situation with nvidia and some other chip makers that they're in a modest to fairly severe inventory correction so when they come out and talk about geopolitical, macro economic factors, yes, they are impactful but not as much as buildup of inventory that hasn't been drawn through and i still believe for the semiconductor industry, we'll see alleviation of that issue the second half of the year, the stocks to work well, particularly withbetter visibility in what happens between this summer and december 31 >> digging into nvidia more specifically, you have an outperform rating on the

of the french socialist so they could win right a lot of people forget that don't micron was part of the coalition and so you know the government coalition so he came up so in a certain sense there are more more chances for for me to win the nobel prize for chemistry than for. to be reelected so is going to fight the last battle which is like the old he's going to reprise and the old european union against surrogate especially at home in the against flip then clearly you know against the people the war in italy by the way you think it's got like his approval rate is down to what fifteen fourteen percent by this point. marco luigi he was speaking at a political rally on sunday. do you think as a monterrey and mania domestic audience how should they be taken her do you think he was i mean the last. definitely you see one i want to give you like very simple figure for your listeners right so the thing is this started the government started with a leg up that is so the big guy in the government at seventy percent and dimaio had thirty three percent the polls right now are like thirty fiv

there were reasons for the oversold condition things like micron that preannounced more than once and tubed the sector demand in advance of concerns of worsening the trade war. in the fourth quarter there was pull forward in demand it's clear from the reports we're getting that not only were they oversold but the expectations for growth coming in were way too low. that's why you see this bounceback oversold plus the fundamentals aren't as bad as people feared. you know, i've been in intel, and qualcomm i like the space i see a lot of opportunities. >> intel after the bell today. >> they've got a lot going on. the biggest thing is what they do with the ceo. they've had an interim ceo since june they're taking their time, the company being selective but whoever comes in has to have a strategic plan going forward for the next several years do you do about capital expenditure. whatever intel says has implications for the lam researches and sorry my conductors. >> xilinx and lam have probably implications for intel they better live up to these numbers. they don't want to be the stinker in

to know about micron and micron tells you everything you need to know about the global slowdown in theness i think that you want to be seller of all these names. >>> time for the final trade tim. >> again, we've got a lot of biotech out there. amgen, i think this company continues to execute a lot of this drug pipeline, priced in. >> brian kelly. >> do not ignore what's going on in the gold market i'm going back to fast money circa 2010 buy gdxj. >> grasso. >> there was a lot of red in the home builder space you know what wasn't lennar >> guy. >> i think the weakness in ebay, and if i join the site today it's the first time i'm ever on the site but if you buy the weakness, it's ebay. >> thanks for watching see you back here at with jim starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere. i promise to help you find it. "mad money" starts now >> hey i'm cramer welcome to "mad money. i don't want to make friends, i'm here to make you money call me. tweet me when is a miss not a miss? th

big debate will see hundreds of meetings like this one right across from its president emmanuel micron's attempt to break out of the metropolitan bubble of paris and listen to the real opinions of the people to dispel the arrogant image that he may have this one is taking place in the town of so which is about eighteen kilometers south so it's a good above average income and most people commute into paris for their jobs but i was asking a few of the members here before the debate began exactly what their opinions were both about president magnus attempts to dispel his image of arrogance and also what the yellow vests have been doing. stuff because. i hope the demands discussed in these meetings will be listened to by the government the yellow vests deserve the credit to have put on the table some topics that were in need to be discussed since long ago. both say that this would have been a great debate taking place before the crisis now i'm not sure. that the yellow best protests are of course still going on this is the tenth consecutive saturday which they are launching their protests no

, micron sells at four times earnings they're not going to make the numbers.one inexpensive market here selling at 14 times forward earnings is that the level you begin a bear market, no. we came through a bear market. i think people are still oblivious to the fact that the bear market ended on that horrible half day christmas session. what a session >> today it is morgan stanley that says we're going to retest december lows. they say market is too heavily crowded in defensive they say once we get there, you buy cyclicals. >> we'll go down -- i don't know if we retest that would be something to buy the cyclicals. we saw it upgrade just now upgrade on emerson, which is a company i like, fairly levered to china, sell to hold at citi downgrade, one of the biggest weaknesses in the industrial world is -- i don't -- i like the take i like the take. i want to see this rotation, i want to see stocks go down i want to see stocks go down on good news like the retailers that are just emphasizing macy's i want to see oil stabilize. if these happen and we see facebook go

shery: companies like macron are cheap but they are getting -- micron are cheap but they are getting cheaper. would they be attractive on valuation level? not yet. their earnings have held up and they are trading at very low multiples am a but buying them might the catching a falling beer because the market continues to decline. i think we have heard of negative news in the semiconductor industry for nine months now and this apple news is the latest news. tsmc warned in the beginning of , so we heard this news was coming and some of the industry were surprised apple have not talked about it earlier. haidi: you have been negative for a wild. robert: -- a while. robert: yes. 84%.y grew to spending in the industry was well beyond any historical levels we have seen in the past to the point where we were getting to an oversupply correctn which always in this time corrected rather .harply we do not expect that to bounce back very quickly anytime soon. haidi: we have been talking all morning about whether the apple story is really a broader macro china narrative. for south korea, the risks

the chief executive of micron has warned about the ongoing trade tensions. to us in terms of our technology, in terms of our products and customers. of course we absolutely do respect that there should be a level playing field. and there should be free trade between the countries. there should be respect for intellectual property. is our important. we certainly hope that trade tensions between the us and china do get resolved because these are large global economies and the consumers of electronic goods including the products that we make. let's talk now about this woman. this is japan's naomi ozark who has reached the australian open final for the first time. you may remember her from her shock win at the us open. that victory received a lot of media attention for the way ms williams reacted. once again, much of the coverage around ms osaka has been away from the tennis court. this time, japanese noodle company nissin has been accused of whitewashing the character in a mungo drawing. i asked how much controversy this has caused. do you mean internationally

romaine: and now some breaking news on micron.hip maker planning a joint venture with intel for at least a decade now. micron saying it will pay 1.5 ilion dollars in cash for the transaction to exercise a call option to buy the remaining futures in that joint venture. caroline: meanwhile, let's talk about other stocks on the move. today, we had a bank earnings blitz, or the start thereof. meetank on course to profits, but it did miss analysts estimates. the new york-based bank is the first of many to release numbers this week. let's go to a reporter who was there. what does this bode for the rest of the sector? is it that things have already been priced and? -- priced in? reporter: that's right. there has been a bounce in bank stocks, led by citigroup, and i think investors are thinking perhaps the worst is behind us. guidance isnue really important here. numbers are the worst since 2011, so will be really important to be looking ahead. a comment i saw where citigroup said trading is already looking better than the end of last yea

paris and the city's hoping supposed a peaceful face on the social movements that's shaken emmanuel micron's government this following clashes in paris on saturday also coming up. ukraine's all the adults church for me said this ties with moscow offer more than three centuries a new decree wrong so an independent ukrainian church that until now has been overseen by russia. and japan's real you called by yeah she has one ski jumping sprint stages full hills tournament the twenty two year old is only the third person to ever win all four events that will help. you. i'm christine one welcome to the program. several hundred women have marched in paris and other french cities hoping to reclaim the so-called yellow vest protest movement from violent activists this after clashes in paris on saturday the process began last year over a now scrapped fuel tax but has grown into a broader uprising against affording living standards but the demonstrations keep veering into violence and the women in our next report say that's not what they want. they've got the same demands but it was women only in the hi

the grievances of some six hundred mayors from the normandie region the protesters are opposed to microns policies which they say favoring the. rescuers in spain are working to free a toddler who's believed to be trapped in a well a tunnel is now being dug in an attempt to reach the two year old boy who went missing in mali on sunday the bore hole is around one hundred meters and is too narrow for adults to enter. the siege of a hotel complex in the kenyan capital nairobi has ended after about twenty hours in a television address president who can said that the attackers had all been killed and that while fourteen innocent people have lost their lives more than seven hundred have been rescued on harm. thank you it's. all relieved and finally free after hours of hiding in toilet stalls and under desks and you. know. we just close the doors and then also with us be spread all over i don't. know from the top i think they went to the top. it's being. just one if it's the ground floor i saw a woman get short and then that's when i took. the stand back to the hospital and then someone actually

in micron we spoke a momenting a about things in china moving negative this stock is down they came in down a pretty big bet in this one take a look at this. january 36 calls this is january 22nd expiration. they also bought about 10,000 of them i like that. followed this. probably be in these a week to ten days >> we were talking about financials keycorp is not a name that comes up that often. somebody put in a pretty big bet they think the stock will be higher it was trading around 16 bhwhen they started about 10,000 of what we were seeing here. it was 12,000 when i shot it to the guys now it's approaching 16. it's probably about 15,000 10,000 of that was bought in one single print they were trading for about 25 or 30 cents. stock was trading around 16. these aren't that far. the stock does not have to move significantly from here. these options have great chance to double, triple or quadruple i like the risk rewards. it's low premium but gives a great risk reward to the upside. unless they start moving really fast, i'll hold those two expiration >> good stuff. >>> up next, a viewer