i think that you will see the usage of the nvidia chips spread broadly over the next couple off yearse munger said, i'm a fan of a/i, because there is a shortage of the real thing. thank you, walter and daniel. we will talk to you later. >> and elizabeth warren is taking a shot at uber and the gig economy in a major speech. and plus, imax and google are teaming up for some virtual reality. we will talk about that next. medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] wi

it is not clear whether it is directly from the nvidia -- activision blizzard also overwatchstats onout pretty bullish. 9.7 million users play the open beta of this game. another stock up sharply over the last 12 months. thank you so much. much more ahead on "bloomberg market." wall street chilling another favorite in the presidential race. inshowing another favorite the presidential race. ♪ caroline: this is "bloomberg market." we are going to go by sector. betty: that's right. we will talk about u.s. politics. wall street is backing a democratic candidate for the first time since 2008. hillary clinton gathered 77 of $.70 one dollar spent -- --every one dollar spent marc andreessen throwing support behind clinton. zack, let's start with you on wall street. the overwhelmingly favored mitt romney back in 2012 -- now, they are favoring clinton. one of the questions this raises, trump was not really raising a lot of outside money during the primary. now that he is the victor, he has turned around and say it's -- says he wants to raise money for the election. betty: they have shown zero

nvidia, go by it. they have the fast chips, the internet of things. when you break up a really good fast car or a really good video, you know, gaming device, it is nvidia stuff. i like it. i think it has some of the best mojo. how about franklin in oklahoma? >> caller: how are you doing today? >> it's a good day for me. how about you? >> caller: i'm doing great. my question is about walmart stock. it seems to be fluctuating up and down quite a bit. my question is whether there is a good time to sell and get out of it. i'm concerned about whether or not the consumer confidence in walmart, if it is declining. it seems to be looking that way. >> walmart is a tough stock. it has a good balance sheet. management trying to clean its act up. i have has a good dividend. do you know what it doesn't have? momentum. i feel like amazon, you just don't want to play it. who has the power? the staying power, that is. a huge difference in those who got it and those who cone. who don't. stock didn't look too pretty last year. new year, new game. shares rebound in 2016

nvidia is leading the way in that index.hat stock is up a whopping 30% in may on track for its best month since january of 2011. that month it gave 55%. check out the xme, the spidr. that's in positive territory and telecom, some of the telecom stocks were in positive territory and conley 150u78er the staples lower at this hour by .75%. >>> one thing almost always happens when the federal reserve raises interest rates. banks and financial stocks go up. they not only like higher rates. often they need higher rates and here's the problem. many bank stocks have already had big moves up in the past month, jpmorgan, bank of america and citi bank have gained 15% in the past 90 days. let's bring in paul miller, managing director at the equity market strategist and the reason i bring up these stats is a lot of people think the federal reserve is going to raise rates. i should buy some of the big bank stocks. is it too late? >> i don't think it's too late. i think it has more running to it and what we're concerned about in the long t

there will be things upcoming nvidia. some may go to facebook. some may go to periscope.n kurzweil, you are sticking with me. bass is juggling a major business strategy transition. activists investors will focus on what he is doing to revive the bottom line. ♪ emily: one stock we are watching, cisco. shares jumped the most in three months after a stronger than expected forecast. chuck robbins explained his positive outlook earlier on bloomberg. inin the switching space particular, data center switching performance shows that customers buy into the notion of a hybrid cloud world. they are taking advantage of public cloud services and continue to build out infrastructure as well. emily: he went on to say that earnings are not where they should be, but cisco is in the early days of transition away from hardware. earnings, the software maker known for engineering software like pad. sales came in soft, continuing a trend from the next -- last two quarters. joining us now, carl bass and still with us, ethan kurzweil. is in the midst of a business transition away from licensing

nvidia shares getting a boost after forecasting sales that beat estimates. the world's biggest maker of graphics chips used in high-end gaming. this corner of the market for high-end gaming pc's is still growing. semantic issuing a forecast more positive than analysts expected. the world biggest maker of cyber security software is in the middle of a transition. looking for a replacement for mike brown and trying to recapture momentum lost or newer, more noble security startups. its latest report the country is stemming some of the decline slightly in computer, consumer and enterprise sales. coming up, we'll head to the salt conference in las vegas and hear from tyler and cameron winklevoss and why they are still bullish on bitcoin. ♪ emily: let's head to las vegas where the salt conference is underway and erik schatzker is standing by with gemini cofounders tyler and cameron winklevoss. erik? erik: thank you very much. i am here with the winklevoss twins. for those of you string wherever, cameron is in the gray suit and tyler in the dark suit. >> it's a bitc

nvidia airgas is bucking that trend.ck & decker is on the down said -- is on the downside of. -- is on the downside. ♪ let's get a check of markets, 17 minutes away from the closing bell on this friday. we are coming off our lows in the session. the dow jones industrial average up about 9/10 of 1%. the s&p 500 declining 7/10 of 1%. and about 4/10 for the week down for its -- on track for a third consecutive weekly to crime -- weekly decline. this is the bloomberg business flash, the biggest stories in the news. we start with general motors, halting sales on some sport utility vehicles because they had incorrect epa mileage labels. gm is telling steel -- is telling dealers to stop selling the models. replacement labels may start arriving tomorrow. buying skin drug assets for $900 billion. they will pay up to $50 million in future payments. the renaissance union had about three and $70 million in sales last year. million in sales last year. that is your update. is consumer spending in the u.s. making a comeback? by one mea

nvidia continuing to hit new all time highs. trading at the lowest self since october of 2014. >>> it's the stadium that pramss to revolutionize the guest experience. the mercedes benz stadium in atlanta may be costing $1 billion to build but fans are going to save big time. we'll tell you how. >>> we're going to tell you this, going to a sporting event these days can be quite expensive for a family not only do you have the game tickets but then you have parking. then you throw-in the $15 bad nachos and the $12 beers, pretty much, you have $100 plus per person to go to a game. but the new mercedes benz stadium in atlanta opening next year and it costed 1dz.abilli $ build, they're lowering the prices for food and drink. are they insane? have they been drinking? let's go mr. blank, one of the founders of home depot, a generally rich guy and owner of the falcons. okay. so i want to be clear, make sure we have this right. you're going to cut the price of beer and food? >> food in general. fan friendly prices is what we're calling it

couple of days ago with the semis lit, and you are looking at netflix challenging 100 again, and nvidiag al go rhythmic. >> and amd is doing amazingly well, and you are sort of wondering if the bottom is in for certain of the stocks or the pessimism was over done, and the pc market is not going to appear to come back any time soon, and still some of the name, and finding the room to rebound, and grant granted, they are finding room to rebound. >> and in may, we have not had a down average since 2012. and when we have a little news on the herbalife, and we will go now to scott wapner with more news "at the half ". >> all right. carl, thank you and welcome to the "halftime report." i'm scott wapner and the tech trade is the tuesday takeoff and why it is the thing to keep the rally going. with us for the hour today, joe terrano terranova, and steve weiss, and jon and pete najarian, and a monster move in the techs today, from the chips to the cloud and old tech on the move pushing the nasdaq positive for the month, and steve weiss, how important to get a pick up in a lagging sector? >> well

rallied sharply above their 50-day moving average, you've got video game publisher electronic rts, nvidia and newmont money that have extended far above their 50-day. the stocks that have fallen a long way down, a lot of retailers on this side of the coin, kohl's, and michael kors, and gap. there are those who say the trend is your friend. either way, melissa, stocks like these could present opportunities for potential profits. they're watching them pretty closely. back over to you guys. >> thank you, dom chu. dom's so cool. going to billy joel. >> with all due respect -- no. i'm just kidding. >> it's not rhetorical. >> the concert, he's all excited about it. that's cool. >> billy joel in 8th grade was cool. interesting points. dom is very, very cool. but i think what's interesting to point out about that whole trend is the 50-day, the thing about the retailers, they're below the 50-day, because they had a big rally to start the year, now the emmeremmerer -- er has no clothes. they haven't had that positioning move. retailers struggling with the whole amazon effect here. i think that's wh

gainers, and another one n the s&p 500 tech sector, by and far away, the best performing chip stock is nvidiao we mentioned it in the top of the show, the pick up significantly in tech, and if it keeps up the momentum in chips is what? >> well, it is speaking to the v value trade we have been talking about a lot this year, and it is coming back in vogue, and the dividends, and if you believe that the stock market is stuck with the low earnings, and fed that is going to be keeping a ceiling on things, then you want the dividend, and the chip stocks will pump it out. >> any that you like better? >> intel. i know that is a rasis a sarat he h was talking about, but the data and the intel spending, and that is where they want to be. >> and we know that one that we like, and josh hates is qualcomm, and if you look at the chart up to 55 and here is another space if the consumer comes back, and you want to be part of the semiconductor space. and the ones that dom mentioned are the semiconductor cap stock, and the semi condoctors will -- semiconductors will come back, too. >> and he is right. and it i

third consecutive quarterly decline in same store sales and nvidia reporting a 50% rise in profit.got a boost from strong video game demand. honda citing a fourth quarter loss due to the takata air bags. honda lost $860 million for the quarter. >> dow fluctuating between positive and negative territories yesterday. ending the day barely in the black. dom chu joins us. he has more on the negativity in the markets and the cross-currents. dom. >> paraskevidtrika phobia. i brought it because because joe brought it up when we were talking about the number 13 horse nyquist at the kentucky derby. i remember seeing it out there. let's talk about what's going on overall with the market cross-currents. like you said, the retail earnings have not been great. at least the outlooks haven't been great and the stocks have been getting hammered. we have seen with the s&p 500 the tight range overall. we can't seem to get out of the range between the 1890 issue here. that's since february. see the highs? we have only been trading at a very tight range just for the past month or two. only about 600 p

that missed estimates pair profit from the abc broadcast operation fell, plus disney shut down its nvidiaity videogame division. it is the first time disney missed estimates in five years. carlsberg is forecasting higher profit this year due to rising sales in asia, where it battled dutch brewer heineken. that is offsetting a sharp decline in russia. developers in london are trying to capitalize on rising rent and the last six months, starting a record number of office buildings in the central part of the city. 14 million square feet of space is now under construction, the highest in eight years. london offered- vacancy rates are at a record low of 4%. tom: he is in washington, bunkered down. marty schenker has been watching we our presidential campaign process. i want to get to mr. trump and money. marty: i do not know that mrs. clinton can do that. bernie sanders won last night and he is pledged to continue to the end. that is what he is going to do. tom: let's catch up on what our reporters are saying for mr. trump's need for money. how broke is donald trump? marty: from a personal sta

baker, i met you and nvidia -- senator flake: thank , senator maker, i met you in namibia. mr. baker: that was namibian independence. senator flake: we are having issues right now in a number of countries, where political leaders don't want to leave after their terms in office in the drc right now. in east africa as well. rwanda and burundi. what are your thoughts with regards to the efficacy of unilateral sanctions were other measures that we could take? influence -- are influence a time is limited, how should it be wielded? mr. baker: unilateral things and's or not as effective as multilateral sanctions. but there may be a time for those in the particularly in instances like that. it through the paradigm of selective engagement, if we say ok, this is a matter that is of great interest to the united states and concern to the united states, we need to be engaged. we are going to put sanctions on these individuals who won't step down. you have to wait up less than the minuses trade do a cost-benefit analysis, in effect. what are we going to gain from it, and what is it, if anyth

computer graphics chip maker nvidia the best percentage gainer.ne of the biggest out there apple who's stock has rebounded 6% just as far in may. the financials up 2% as the group this month. this could be the third straight month of gains. the last time we saw that was the three months end of december of 2014. among the top performers are stocks like intercontinental exchange. now together tech and financials, we keep saying it make up 36% of the overall s&p 500. so there is a reason why at least some traders feel a little bit good about the action in tech and financials leading up to this particular moment guys. back over to you. >> thanks very much. to the whole dpang with their reports today. "closing bell" exchange. mark mattson. keith bliss of post nine with us here at the new york city stock exchange and reck santelli. >> i would be selling into the strength and we have a lot of clients that have said that's what they are going to be doing. this bears all the hallmarks of an overreaction in the market to things going on with greece and over

lowe's, assurans, nvidia and international flavor and fragrances. there they are. highs until we weren't new highs with lows and iff, they're down. coming up, look at that building. look at it now because it won't be there after about 2:00 p.m. eastern time. a massive implosion of a major corporate complex coming in texas. we're going to show it to you when it happens. also, stores claiming discrimination at air b & b trending on social media, stories of, i should say, does the company have a race problem? we'll look at that coming up on "power lunch." there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. our cosmetics line was a hit. the orders were rushing in. i could feel our deadlines racing towards us. we didn't need a loan. we needed short-term

. >> nvidia such a good company. >> when we come back, a spin-off plan and stock surge for hewlett packardnterprise. meg whitman will join us in just a minute. they found out who's been hacking into our network. who? guess. i don't know, some kids in a basement? you watch too many movies. who? a small business in china. a business? they work nine to five. they take lunch hours. like a job? like a job. we tracked them. how did we do that? we have some new guys defending our network. new guys? well, they're not that new. they've been defending things for a long time. [ digital typewriting ] it's not just security. it's defense. bae systems. >>> shares of hewlett packard enterprise are surging this morning this after the company announced late yesterday it would spin-off its enterprise unit it and merge with cnc in an $8.5 billion transaction. also reported quarterly earnings in line with analyst expectations. its revenue number was ahead of those expectations. joining us now with all the details of the deal on the quarter, meg whitman, chairman and ceo of hewlett packard enterprise. nice to

and so you shall -- >> that's the story on nvidia. >>> presidential candidate donald trump going after amazon and jeff bezos last night over alleged anti-trust issues and bezos separate ownership of "the washington post." listen. >> this is owned as a toy by jeff bezos who controls amazon. amazon is getting away with murder taxwise. he's using "the washington post" as power so the politicians don't tax amazon like they should be taxed. he's worried about me. i think he said that to somebody, it was in some article, where he thinks i would go after him for anti-trust because he has a huge anti-trust problem because he's controlling so much. amazon is controlling so much of what they're doing. >> well, we reached out to amazon for comment but have yet to hear back. does trump have a case here? joining us is andrew stoltman at post nine along with scott blum, also the former general counsel of the u.s. senate's anti-trust subcommittee. welcome, guys. you know, what's the anti-trust case here against amazon, andrew? >> i think the anti-trust case has to do with the fact that amazon is an 8

nvidia making a new high of 2.3%, citi financial booking nice gains.nterest because i wasn't sure what this was. a water company that's up 2 1s% year to date. making new highs day after day after day but for the s&p 500 this is the best day since march 11th of this year. >>> as airlines approach record passenger numbers and security lines hit record wait times the tsa ousts the head of security and will this solve the problem. we'll bring you that debate as "power lunch" is back in two. >>> there is a major shake-up at the tsa that has the u.s. head of secretary ousted from his position. this according to an internal tsa memo. will this help things change internally, or is it just another wasted effort by the tsa? let's talk a little bit about that with kevin o'leary? is their problem fundamentally management or people or how they are deployed? >> it's management. think about this fact. you have all the logistics you need. you know the flights and loads and when the people will be arriving at the airports. you know how many lines there are. it's a gian

. >> nvidia beat by a penny.aming was not the source, they're calling deep learning adoption by cloud providers, amazon, microsoft, ibm not a surprise. but talking more and more about it as a tailwind and whether it's halo or not, intel is the best performing dow component at the moment. >> yeah. the semis have been a tough place to be. if people looked at the apple suppliers and that was a tell to have this last leg down in apple shares, it seems like people were looking for any kind of glimmer right there because once again it looked like there was not a very challenging valuation story to be told in semis. being cheap hasn't worked. >> what would you advise people to think about, mike, ahead of next week when we do get a walmart, a target. h.d. and lowe's off a bit, building retail sales on building supplies was not that hot. it was not that hot. and those stocks have been the ones that people have been hiding in, i think, to a large degree. the broad picture to consider, i think, when it comes to this whole r

baker: that was the nvidia -- the namibian independence. mr. flake: that's right, there are a lot of situations and africa where the leaders don't want to leave office, like the drc and east africa like a rwanda andike burundi. what are your opinions on diplomatic sanctions we could take? are limited influence at times can be difficult, but how should -- should we wield this? mr. baker: looking at this through the paradigm of selective engagement, if we said, "ok, this is a matter that is of great interest of the united states, of great concern of the united states, we need to be engaged." and how do we be engaged? you need to ask these individuals to step down. it need to weigh the pluses and the minuses and do a cost-benefit analysis and what is it, if anything, that will cost us? anyi don't see there is problem with doing that if that is the right approach to take. mr. flake: right. we will be holding some hearings on the subcommittee, so this is a good preview. thank you for your testimony. mr. corker: thank you very much. senator markey? b

we've seen double digit gains in nvidia and salesforce throughout the month.h care also did really well. energy and industrials were doing well until recently. and they have been laggards this month. so we see a little bit of rotation going on. we also saw this with the two biggest winners and losers. banks laggard earlier in the year, they did well in the month of may, retail stocks all fell apart of course on their earnings reports and on the realization that a lot of their businesses simply are not going to be coming back. also big story china where we saw very nice moves in china in the shanghai and shens shenzen exchanges. there were some very interesting moves and perceptions that msci and their indices may include mainland china in their major indices. right now only stocks in hong kong are included. that excludes a big part of china here. goldman upped the chances of inclusion from 70% to 50%, msci will make a decision by june 14th. this will have a lot of implications for indexers around the world. shanghai and shenzhen have had problems recently. mas