nvidia see? right? where is nvidia? i woke up nvidia i have a dog named nvidia.verything that the dog does is in sync with the common stock. i don't know which is first. i woke up nvidia during the show. >> you woke up your dog and now the stock is up? >> how much? >> up 52 cents. >> there you go. he's a rescue dog. >> see you tonight, jim "mad money. >>> when we come back, ceo of kohl's and mark mahaney on netflix. the power of a low volatility investing approach. the power of smart beta. power your client's portfolio with powershares. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >> good tuesday morning. welcome back to "squawk on the street." sara is off today. markets down by disappointing metrics inside goldman's earnings banks aren't doing so well crude is doing all right, up a percent. david? >>> netflix is hitting an all-time high, surging as its subscriber numbers just crushed wall stree

we're trading that, plus the chip space price target increases for invai nvid nvid nvidia, while intel gets slapped with a sell. and we're tracking t inin inini. and even more stock analysis in our trader blitz we're hitting tesla, best buy, d.r. horton and the energy"halft wapner and the traders is back in two minutes blp. >> announcer: the "halftime report" is brought to you by fidelity investments 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. hey dad, come meet the new guy. the new guy? what new guy? i hired some help. he really knows his wine. this is the new guy? hello, my name is watson. you know wine, huh? i know that you should check vineyard block 12. block 12? my analysis of satellite imagery shows it would benefit from decreased irrigation. i was wondering about that. easy boy. nice doggy. what do you think? not bad. show epic battles.july. what do you think? ferocious families. dangerous dragons. experience game of thrones and all the rest of hbo f

i gave him names for nvidia's competitors. he a real go gert litter like t company's management since the rechristening, i've had not one, not two, but three patrons at my mexican place m brooklyn tell me they bought nvidia after they heard me rename that mongrel for the red hot semiconductor stock. now, i'm not a total bozo about this stuff in each case if i'm feeling really kind of spry, i say wait a second, did you do any homework whatsoever before you pulled the trigger again, i got a mouthful every time all three ticking off the litany of what makes nvidia particular. chips for self-driving cars, chips for gaming they knew the story, not just the dog. one day they'll just know the dog and it will be time to ski dadle. when you can go random stocks, that's a good sign and i'll continue to post pictures of nvidia i would have called him downright stupid, which is why i'm surprised he answers to anything that's dinner yesterday, a guy asked me if ali baba is still good i said why did you buy it? he said i watched the show he

everybody is in this game now. >> by the way, you're seeing nvidia up.r the key to artificial intelligence and voice is often nvidia it's their chips, one of the reasons why the stock has been red hot. down more than 20 points from its high which was reached really about a month ago i think that when i spoke to who has found the artificial intelligence in adobe it's in nvidia they have the chips. what it can do, they've got the hammer lock. if you go back and read the quarterly conference call you will read that they really have the way to be able to do it and voice is so important. we underestimate how important voice is. >> we just mentioned samsung also now introducing its effort with its bixby personalized service, whatever you want to call those people. we don't talk as often as tensing in china, but talk about alibaba, but it's an equal giant. of course, in messaging and gaming interesting a bit of a crackdown by the chinese authorities on the time that kids will be allowed or they want tensing to actually cut off their ability to play the game aft

. >>> coming up, nvidia soaring as more analysts jump on the chip maker's bandwagon. with the stock up 200% in the past year, too bullish on this name >>> plus, tesla has been under pressure the chart master says the stock is going to make a big turnaround, and he did call last week's selloff. >>> in honor of the major league game, it's fast pitch. the traders are getting ready to give you their top stocks all week long. first up guy adami pitching a stock up 40% this year he'll give you the name when "fast money" returns i put everything into my business. and i had all these points from my chase ink card. so i bought ingredients, utensils, even made custom donut cutters. wow! all with points. that's how i created the ripple: the doughnut in a doughnut in a doughnut. suddenly it's everywhere. i mean, it really took off. what will you create with your points? learn more about the ink business preferred card. what will you create with your points? yogig-speed internet.me? you know what's not awesome? when only certain people can get it. let's fix that. let's give this g

nvidia is the best stock in the tech group for quite some time now. up 130% since the november lows back by the election it's up over 500% in the last just 18 months, so it's been really one of the key names that we've got to keep an eye on. now, this one, this is its 50-day moving average. it did not break its 50-day average like the others and not only is it making a higher high, but a new all time high, again, it's not quite there yet so what we need is a little bit more upside in all these names to really confirm that the breakout is, that the kind of short-term pullback we had for couple of weeks is over and the breakout is going to take us to new highs. >> thanks. matt, miller taback. pete >> nvidia is interesting the groult and data center is over 100%. if you look at the gaming and ark i, all of these things, you understand and look at a forward multiple, they're talking about 2040 so we're talking about a -- zpl b obl way you can get to decent multiple >> it's what makes it so interesting. i think most of them are great trades and i think the

i do not want an nvidia-led rally.nd yesterday, we have the drug stocks that are doing well, we had the cyclicals, but the facebook, amazon, netflix, and alphabet, netflix -- and nvidia. and i don't want that group to get crazed when that group's crazed, the rest doesn't do well >> well, yesterday, everything more or less, did well, except as, you say, the financials. but, yeah, the real craze may have been in technology. facebook was up, over 2.5% there was no real news i mean, everything was building steam. you've got a lot of guys, frankly, who are short some of those names. >> who is short facebook what, someone -- evan spiegel? >> i don't think einhorn is, but he certainly isn't doing particularly well, in his latest story. >> you have to just talk about the negative people. >> yeah, i talk about the negative >> i feel bad for him like i feel bad -- >> you've got the nasdaq comp up 25% over the last area what's wrong with that >> it's broad -- no, look, please, i'm positive i just want to see the -- i like the jpm

what a horse nvidia is or actually i renamed my -- nvidia invites any short sellers. auto desk, red hat, sales force, oracle and workday as go-to performers we should go to the pound and name all the dogs those. eight, a big drag on retailers are starting to mount a comeback i like the fact that home depot is ramping same with walmart, which i think didn't deserve to sell down that hard nine, europe is up again we forget how important europe is 777 million people on that continent and it's finally getting back on track. big rallies here in america are often mounted on turns over there. i think it will be a bright spot in the second half of the year the market was able to shrug off a lot of negative stories. apple, including the new iphone will be late there's so many companies connected to the iphone, but they were able to rally nicely with broadcom, a huge apple su prior jumping more than five points now, for a moment, i want to go back to the concept i talked about at the top if you don't like the market, you're being given an incredible gift if you want to get out,

i do know that they're mined, so to speak and to do the mining, you need amd or nvidia chips.here's so many other factors at work, but when my bitcoin interrogator urged me to hazard a judgment, i just said stock, not bitcoin. i'm glad when people are passionate about anything related to finance, but i know enough to know when i don't know something. i found the best analogy for what i do may be in the sports world. i'm not going to tell you who's going to win the u.s. open if i cover the nfl. as much as i like the sound of my screeching voice and nasty philadelphia accent, i'm not going to bloviate about anything i don't understand well. so own apple and the rest, all yours. stick with cramer. >>> okay going on with some things from last week i didn't get to opine on because i was in italy, i thought this nike quarter was exceptional, and i think that stock is actually a buy. general mills changed at the top. people should know that the stock did outperform during his tenure and micron, i thought the quarter was unbelievable but as i said, people are suspicious that it has to

nvidia will play a key role in toyota's push to autonomous driving. some analysts saying that nvidia could get a heap load of cash. i will be watching that stock. some other commodity asset classes that we are looking at his gold. the interesting thing here is that gold spot prices are not doing much, but gold stocks are moving. this is on reports that gold and copper stocks do better in a tightening environment. this is the bank of canada's expected rate increase on wednesday. the sectors actually perform their markets. i will make sure to check back in on this on wednesday to see if that does indeed hold on. rounding out the asset classes, we will look at the 10 year yield. it would be an understatement to say that the bond market has had quite a bit of a selloff over the last nine days. the 10 year yield was up about 18 basis points. today taking a little bit of a breather, down about three basis points. i would say a little bit of a sigh of relief, but still nonetheless, the yield still climbing. david: i love it when you talk technical like a hea

banks starting speaking, they started cracking it was on the friday where there was a short report on nvidia the banks hadn't firmed up >> which brings up the point that central banks don't control everything in the economy. don't control everything with respect to asset prices. we've been in one. we've seen increased amounts of lev rang oxygen corporate balance sheets that just increases the risk that's a fact. why don't you break down the charts first when it comes to technology >> let's do it the qs it's not a pure thing. there are things like walgreens, boot, kraft, hines, comcast. but it's as good a proxy as any for leading large cap technology stocks so i thought i'd start out here with a long-term chart just sort of at or near the lows in the '09 crisis and where we are now. what we have is clear. you've had this massive outperformance, almost three ba bagger over the market now, i want to remove the s&p and just look at the chart of the qqq on the same time frame so, here, what we have is the chart we're looking at with its high low close action. and what we know is the following. if

it was on that friday almost a month ago when there was a short report on nvidia the banks haven't quite firmed up to where they are. >> the central banks don't control everything they don't control everything with respect to asset prices we have credit cycles. we do have such things as credit cycles, for example. we've obviously been in one. we've seen increased amounts on corporate balance sheets that increases the risk. that's the fact. >> carter, why don't you break down the facts when it comes to technology. >> sure. aim he going to do the qs. there are things like walgreens, comcast, celgene it's as good a proxy as any for leading large cap technology stocks i thought i'd start out with a long-term chart, just sort of at or near the lows in the '09 crisis what we have optically is quite clear. you have this massive outperformance, almost three-bagger over the market now i want to remove the s&p and just look at the chart of the qqq on the same time frame so here what we have is the actual chart that we're looking at with its actual high/low close action and what we know is the foll

would you work with a wamo which got a deal with chrysler would you work with nvidia chips or are younto any particular -- >> we're open. so we develop technology internally we work with various customers we work with partners. we also have been investing a lot in start-up companies. so wherever we get the best technology, we want to pack it up and get it to our customers it's fully tested. it's going to work and it will grow the business. >> now, a new wrinkle here we have president trump, and he's concerned about nafta you're a canadian company, so jees, u.s. companies are having trouble going to mexico. but then again, the president is trying to reconfigure nafta. are you ready for the political turmoil that could be ahead of us >> i think one of the reasons our stock price is underpriced right now is because there is concern with nafta we're canadian based, but we have 25,000 employees in the u.s. and more in canada and we're big in mexico. but i look at nafta as a trading partner. we need to keep it solid and competitive, because it's asia, it's europe that are really competing,

think though however, this unz performance of tech has completed, begun to come off those lows i put nvidia on today. options are very expensive high volatility in the chips. i sold chips, which is a bullish position i think this underperformance is over if we then take a look at the s&p 500, this will just go back about three months we can draw a line around the 2400 mark. we have not broken through this support level even though it felt scary today it was a summer market very volatile. very thinful we have earnings coming up and nonforeign payroll. feels a lot worse than it is i think the financials, went long goldman sachs, they look great. i don't see a stock market dropping significant through through this technical level with financials on the highs >> what do you see for rates, todd with rise rates, it might be difficult for the markets. are you seeing a bounce lower for rate sns. >> it's been such a directional move higher in rates mostly lower and bond, but i'm not seeing response from the currency market and to kind of tie that in, if we're getting rates lower to the rest of the w

we are looking at intel and nvidia. tectonic shift in computing. he thinks that will help nvidia. intel is based on the data center model. froma will benefit parallel processing. shares are trading higher today. one of the areas of weaknesses retail. it's not just abercrombie. they took itself off the table as a potential sale. they said they are terminating talks with potential acquires. shares are down 20%. we see a downdraft throughout retail. gap, kohl's, macy's, they are some of the worst performers. take a look at the bloomberg. we've got a look at some of these groups. the s&p here is in yellow. anything about this red line is a positive return. we have department spores -- stores and manufacturers, they have been sliding. abercrombie could not find a buyer and that is creating more selling within the industry. oil, oil is on spiking higher. it is up 1%. we had investors weighing the possibility that libya and nigeria might consider production caps that the rest of opec has agreed to. the russian oil ministry was talking about raising the price forecast. maybe that was a ca

nvidia, looking out for them -- >> mine mining bitcoin >> exactly gaming chips have been big for nvidiac chipmakers not doing as well. but for micron, which supplies many mobile chips, they have been a big leader. >> christine, thank you very much >> good set up there >>> viacom reportedly out of the running to buy scripps networks. that leads discovery communications as the sole suitor scripps and discovery agreed on a price believed to be $90 a share. other issues need to be finished before the deal gets done. everything is expected to be finalized in a few days. >>> we'll get a pair of economic reports, weekly jobless claims and june durable goods orders for big ticket numbers are expected to rebound. >>> more on the big move lower we are seeing in shares of deutsche bank. that company missing revenue targets. you will hear from the ceo straight ahead. >>> first a check in on the broader european market picture. germany weighed down by deutsche bank also by bayer down 3% this morning. broadly the market holding up. france in the potisive territory. the baby's room won't build itself.

earlier this month, baidu partnered with ford and nvidia to launch assault driving car platform.l stake in the fast—growing chinese market. the coffee chain said it would buy the remaining shares of its east china business from its joint business partners. starbucks is china's fastest—growing market outside the us by number of stores. the deal would help the company reach its target of operating 5000 stores in mainland china by 22 and one. —— 2021. singapore —based noble group has announced it will sell most of its assets in the us to try to raise cash and focus on its operations here in asia. the firm has been hit bya here in asia. the firm has been hit by a collapse in commodities prices and allegations of improper accounting. the singapore —based company has lost 75% of its market value this year. its share price has plunged by half after the company warned of a quarterly loss of around $1.8 billion. earlier i spoke to simon littlewood, the president at consultancy house acg about why the company is in such trouble. they have made one mistake after another. it is ironic singap

but when you start naming your dog after real hot stocks like nvidia, to many people that seems like a top the flaw in their thinking i've been naming pets after stocks since 1986. it doesn't signal anything other than i'm obsessed with stocks. so here's one i plead guilty, i acknowledge that some stocks, the f.a.n.g. stocks can be considered overvalued at these levels it's true that the stocks of amazon and alphabet are well below they were when they reported, and facebook threatens to take out the prices stood at before that magnificent quarter. the key to this bull is its rotational nature. today, we got a bull market thanks to the chatter about softbank buying charter. we got money being poured into drugs. we got cash flowing to texas instruments, intel, microsoft and qualcomm after a total annihilation, we have money rushing towards retail stocks since amazon's quarter. the subtle reasoning here? what do i get when i ask questions? amazon failed to wipe out the brick and mortar competition like that was supposed to happen and some are questioning whether amazon has the firepower

mean while, my dog nvidia can really hunt. however, intel , let's give the a chance and on friday, results from exxonmobil and chevron these two will tell the tale of this beleaguered -- man, it's going to be a bad quarter. but chevron usually gives you good forecasts will the market go higher? each day will be a trend unto itself some days will cancel other days but i suspect a ton of the international oriented companies that report will benefit from stronger markets, a weak dollar, and they will carry the day for the bulls. ed in texas, ed. >> caller: boo-yah, jim, from ed in houston love your show >> thank you, thank you. >> caller: my stock is united continental air. analysts may not realize just how low jet fuel prices are boosting earnings. >> what they've decided en masse, ed, that the airline group is finished. i'm with you but i can't draw a line in the sand, because it could trade to $68. gabe in california >> caller: hey, jim. i wanted -- i'm thinking of building a speculative position with momo. >> you know what lo

. >> we saw some explosive moves out of these names nvidia searching 12% just this week facebook up nearly 6% and hitting an all time high today microsoft hit a new high today that stock up 5% this week apple has been on a tear, so should you buy these names as we head into earnings season? >> i think it makes sense to be careful. microsoft is up 5% on the week up about 7% over the last couple of weeks here. it's at a new all time high. today. so, as we think b about what we're anticipating, a good quarter and good guidance and it makes sense to think b about e bank stock's reaction today where there was news about what their quarters lookeded like each one had a little piece of news that surprised investors and the stocks were down 2%. they closed decent lichlt part of this is at this point, the play for a continued consolidation, the move might be muted. you could see it down downside to me, it makes sense to be cautiously optimistic. >> the vix closeded at 951 today. a here holiday week, that's an all time low that's one thing we know that when the market's moves are muted, when the opt

nvidia is in the doghouse. >> good name for a dog answers to nvidia, going to confuse the heck out of them genius, believe me you talk about gm, i want to see what's going on there. wow, david, right in your wheelhouse, mccormick and the fren french's deal. >> you know my basic question. what are you paying? >> that did come up in -- i think one of the reason he's anxious to come on the call -- the show is what is he paying? i went in my pantry, took a picture. sure enough we had some french's in there. >> well, there's got to be a plan they'll talk all about it, multiple being a lot lower and syner synergy. i love how people love to wrap their synergy into their base number. >> i use it on the laundry no, i don't. >> but your wife does. >> the other day i claimed i did the laundry. my wife said i heard you said you did the laundry. i said i did it once. >> "mad money" 6:00 pm eastern time another busy day when we come back, more on the earnings bonanza, mcdonald's big beat dow is up 96 don't go anywhere. >>> good tuesday morning i'm carl quintanilla with david faber. sara eisen has t

, one of those is a true competitor nvidia is a true competitor, but there's room for both companiesto exist amd, amd has been shooting blanks at intel for over 20 years miami not worried about that look, at this valuation, with how they're performing, intel has got a lot more room to run >> josh, expedia stock's up quite nicely now. >> yeah, so, it was kind of a mixed quarter, but they were in the mood to react positively, rather than negatively to this name i would basically say, it's in a pretty well-defined up trend it had the opportunity to roll over and break down, but it didn't the buyers came in i don't see -- if you're long this name, i don't know why you would want to get out of it. it continues to chug along and makes a new high almost every month. >>> just ahead, retail analyst dana telsey on her top pick among the department store stocks oh, boy, jim lebenthall will finally get a little love on this desk. >> finally >> overdue >> not really. >> don't miss, a cnbc exclusive interview with that gentlemen right there, doug parker here's the american airlines ceo. it is his

i named my dog nvidia because he answers to it.e has horse sense. >> we'll see you tonight mad money 6:00 p.m.. we'll be right back. [ indistinct chatter ] [ intense music playing ] it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and start firing up those grilles. lease the e300 for $569 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. yeah, and i can watch thee bgame with directv now.? oh, sorry, most broadcast and sports channels aren't included. and you can only stream on two devices at once. this is fun, we're having fun. yeah, we are. no, you're not jimmy. don't let directv now limit your entertainment. xfinity gives you more to stream to more screens. >> dow is down 39. the start of the single busiest week of earnings season. eyes as well on the fed. opec as well. >> lots going on our road map starts with earnings over 180 companies all set to report. >> an economic plan directly

. >> nvidia reached a deal, intelligence to various applications. technology in its cloud computing and in its initiative to develop self-driving cars. shares rose more than 2.5% to 143.05. buy due added 2%. and the u.s. credit card process said it reached a deal to buy british rival world pay for about $10 billion. the merger would give them access to brick and mortar and e commerce. shares fell 2% to 61.0 the. >>> mobile payments are changing the way we buy things. peer to peer, changing the way things potentially providing a new type of growth for the world's second largest economy eunice has our story. >> far from his posh beijing office, roger is meeting some of his best clients. >> we love coming down here. alwa. >> stanford grad from south africa founding a peer to peer lending company. the industry in china has run into financial trouble. to survive, he lent almost solely to people on the farms.i there's 1.3 billion people. we see the month for farmers. >> farmers like the food. in the village in southwest china, he used to b b a coal miner.

nvidia turned it around, you saw that, so the market gathered momentum with the turn around in nvidia, but overall it comes down to what is the path and trajectory here for central bank policy the services ism was better than expect which had lifted the ten-year treasury, highest level in two months. if we could get a continuation of that and a breakout of 260, then there's justification for the earnings we're seeing right now and seeing in the economy some momentum there as well. i agree with marc's point. i don't know necessarily that the market goes down, it might just go sideways but it looks like the pause that will refresh when you get energy, when you get financials, technology coming back. >> can we just point out that the market was flat for 23 months we had zero progress in the s&p between the midpoint of 2014 at the onset of the oil crash up until really right after brexit, markets started to go again. it's almost two full years of nothing for the s&p, small caps did way worse, international stocks got killed. so this idea that we're just going up and up and up and up year

. >> next up, nvidia to a buy from a hold raising the price target to 1.27 from 1.44.ess and gaming and automotive look strong the analyst says nvidia has a scarcity factor. few semiconductor companies have what nvidia has. >> all right pdf solutions works with flat panel display companies. it sells to the semiconductor company. upgraded to a buy from a hold. increased confidence in management expectations for recovery and revenue on a leading product because it suggests a leading taiwanese customer may consider using it on a larger scale. bumps the target from 22 to 20 a lot of upside for pdf. >> brian, thank you very much. from the stadium to the virtual arena, two big name sports owners are getting into the sports business. robert kraft and jeff wilpon join us live ahead plus, more news from the fed on the state of the u.s. economy. the beige book is out in a few minutes. "power lunch" returns in two we. time's up, insufficient prenatal care. and administrative paperwork... your days of drowning people are numbered. same goes for you, budget overruns. and rising cos

nvidia closed at a closing high.ple were like rotation, this is it, now people are buying tech again. good question. i think basically tech has a few things going for it. if you have faith in the cyclical strength of the economy, it will go for you. some of the higher growth, higher returns the, still got all world right now. you see that in the nasdaq as well. that risk-taking behavior has extended to a lot of places. the tech space and those names are no exclusion. julia: talk about cbi because we have that number on friday. i feel like that is more important than what we got today. oliver: i think that will absolutely be critical. policymakers are looking for a rebound in consumer spending. retail sales on friday. also, they continue to ponder or mull the disinflation trend. if we see further backsliding friday morning at 8:30, this could potentially lead policymakers to really question. there is a possibility they would announce the balance sheet runoff timings at the july meeting for a start. the announcement an

the tax sector just posted its best week since december nvidia surging another 12% this week facebooknearly 6% and hitting an all-time high today microsoft also hit a new high today, up 5% this week apple and alphabet have been on a tear so should you buy any of these names as we head into earnings season let's get in the money right now. what do you say? >> i think it makes sense to be careful at this point. microsoft's up 5% on the week, up 7% over the last couple weeks here, right at a new all-time high today so as we think about what are they anticipating? they're anticipating a good quarter and they're anticipating good guidance. i think it makes sense to think about the bank stocks reaction today where there was some news about what their quarters looked like from a trading standpoint each one of them had some news that i think surprised investors a little bit they were down 2% on the opening but closed decently. i think it makes sense to play for continued consolidation. the moves to the upside might be muted when there's expected good news after the runs and then you could see

i feel like this is some nvidia illustration is interested in seeing -- something the administration is interested in seeing happen. this is something industry is interested in seeing happen. this is an example of a simple piece of legislation that is going to have tectonic impact on how the federal government is able to provide services. peter: joining our conversation is tim starks, cyber security correspondent for politico. tim: some objections have been voiced. talked to those panels, or have you heard from those sponsors on the senate side about trying to alleviate concerns they still have? rep. hurd: we have talked to both, and we have talked to our senate sponsors. we are trying to get ron johnson's committee to mark this up fairly soon. we are going to be having conversations over the next several weeks about that topic. some of the concerns that senate appropriators are bringing to the floor, some of the same concerns that we talked through before we even introduced the current form of the legislation. somethinghink this is that we will get through, some of these concerns. t

all right. >> i don't call my dog nvidia for nothing. >> we have the opening bell.e'll be taking a look at other ene meacou mentioned, as well, wh wco bk. "squawk on the street" back after this hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. i did active duty 11 years.my in july of '98. and two in the reserves. our 18 year old was in an accident. when i call usaa it was that voice asking me, "is your daughter ok?" that's where i felt relief. it actually helped to know that somebody else cared and wanted make sure that i was okay. that was really great. we're the rivera family, and we will be with usaa for life. usaa. we know what it means to serve. call today to

and finally, nvidia.he chipmaker is up 54% year to date is trading at a record on a closing basis. and we're watching the precious metals that have also been rallying. we have weaker than estimated economic data that has been pushing down the dollar and helping push up some of these precious metals. gold, silver, and platinum rallying today. we will look versus the dollar year to date. we have been seeing these declines down on the week this week as well. bitsilver is down a little on the year. now little more than 1%. it is the perfect line -- the purple line. coming up, next week seems to be a crucial one. at least one experienced washington hand think there is a decent chance we will make it. live from new york and washington, this is bloomberg. ♪ david: this is bloomberg markets, the trump economy. i'm david westin. mark crumpton is here with more. mark: senate majority leader mitch mcconnell's latest health care draft almost certainly is headed to rewrite again to find a way to appease the handful of

nvidia has chips to do all those things.approving the merger with fast pro shops, the stock is up $.30. it is too late for that now. chicago telling high school students if you want a diploma you have got to have a plan. in order to graduate students have to show proof they are going to go to college or start a job, join the military or enter a program. steve forbes, do you like this idea? >> no. they don't have enough counselors to ask how many time a visitor counselors, 0. and number 2, the state saying to you, you completed the course requirements, now we want to monitor your future? no. my libertarian instincts say it is not going to work, just a feel-good thing by the mayor of chicago and number 2, they should not be telling people what to do after they leave school. charles: what if the state had attacked together and teachers really did provide through vocational training or college preparation? >> then you wouldn't need a requirement. it would happen naturally. you could say there are good jobs waiting for me. the sc

expecting competition coming from a.m.d., when it comes to the base end part of the business and nvidian your heals -- heels. can you be pricing confident with such competition? >> one thing that's been consistent across all of our businesses, whether p.c., whether data center, whether it's internet of things, is we're at a stage where performance delivers and the higher performance of your products, the more customers are willing to pay for it. so that's what we have been experiencing and going into the second half, we know we'll continue to deal with competition. we feel very good about our product lineup and i would say performance sells and that's what's allowed us to deliver strong performance and exciting second half of 2017. >> intel c.f.o. bob swan. coming up, how businesses are protecting themselves from the next hacking wave. ♪ black hat security council wrapped up this week in las vegas. the annual conference in las vegas is the biggest gathering of hackers in the world. it aims to provide its attendees with the latest in security and research, development and trends. joining

the worst directs on the nasdaq include amazon and nvidia.t will be interesting to see how this holiday shortened day plays out. taking a look at it and that's getting a record high, the dow transport. it is at a record high, look at that, up 1/10 of 1%. hittingelta airlines record highs. built up 1%. estimates are rising, helping shares of airlines across the board. fedex higher by more than six tens of 1%. numbers are going up the right way. the bottom line is expected to grow 14% this year. isquestion we have to ask are the transports the new tech? we happen to the bloomberg and take a look. time the nasdaq hit a record high, it was all the way back on june 9, almost a month ago. look at the transports in white getting that record high. investors really seem to be going toward some of those transportation shares. it will be interesting to see if technology will get a bit of july goes on, right now, not so much. vonnie: it is good and interesting start to the month good abigail doolittle, thanks so much. goldman sachs is reviewing its busin

are nvidia says going to 200. i will give him ligaments.ally like that. >> doesn't smell great. >> he deserves it. he is going to 200. artificial intelligence. people don't realize. the engineering school commencement speech about artificial intelligence. we really will not be doing our job according to the speaker. it is just machines. machines. >> we count down to the opening bell. more "squawk on the street" continues in a moment. ♪ >>> perhaps new theme song for gary cohn. >> we had him show up at one of our events for spring fling. we always got the third tier. >> i got stevie wonder. >> really? >> unbelievable. pay pal. they said visa could kill it. no. they said mastercard can kill it. they said wells would kill it. they said jp morgan would kill it and google would kill it. all of those are partners with apple being the latest. the master of the deal. that is someone else. he is fantastic. he is the ceo. now it is on apple and it is like you know apple's apple pay. pay pal turned out to be switzerland. it's neutral and it is brillia

. ♪ emily: a stock we are watching, shares of nvidia rallied more than 4% in the monday trade.get was raised to $200 which said the deal with toyota will generate meaningful revenue over the next 24 months. it sees the deal generating as much as $1.7 billion in sales. golden state warriors' andre iguodala is a two-time nba champion, former nba finals m.v.p., and an avid tech investor. in his four years with the warriors, he has become one of the most tech savvy and well-connected players in the game. he has built a reputation as a sharp silicon valley investor, got in early on facebook, netflix, and tesla. of the c.e.o.'s account for billions sitting courtside at every game. we caught up with the superstar and asked if the tech aspect of silicon valley had an effect on him choosing to play for the warriors. >> people ask me how important silicon valley was in my decision to come to the bay. i would say it had a big influence, but the team was right on the cusp of some success i don't think anyone else could see. vision,having that tech and like i said before, seeing what lies a

align technology, nvidia act vision and win. >> also going international. it's cystic fibrosis. >> yesterday. >> that will be approved by everybody. everybody wants that. >> that's my dog enough said. >> activision. >> he's doing a fabulous job. >> well, that's china. so this is what i'm talking about. it is just, people and i am stopped every day about this. >> had something to do with anything going on in washington. >> right and that's why you can still have a rally and the reason why the rally is still happening is people keep thinking well he has to pull these stocks back but it has nothing to do with these stocks. it's tpg celebrating their ipo at the nasdaq. another ipo. we haven't hit qualcomm too hard here jim. >> i felt that the key quote was they talked about apple, we had a strong relationship with am for many years we intend to continue and there was a short story spread rapidly by the bears if you take qualcomm at their word. >> pretty strong and of course not getting paid by the suppliers to apple. remember the licenses were actually there an

. >> he's watching those chips, nvidia >> all of them. >>> on to today's wall street agenda another big day from earnings, results from morgan stanley, u.s. bancorp and mark&t bank before the opening bell after the close we will hear from american express, qualcomm and t-mobile usa june housing starts and billiuin permits are out at 8:30 a.m. eastern time it's viewed as volatile number but we'll see if we can get a read on the strength and continued strength of the housing recovery in the united states. >>> up next a check on the early action in europe plus why amazon meal kits could be here sooner than you think "worldwide exchange" will be right back hello, my name is watson. you know wine, huh? i know that you should check vineyard block 12. block 12? my analysis of satellite imagery shows it would benefit from decreased irrigation. i was wondering about that. easy boy. nice doggy. what do you think? not bad. hey you've gotta see this. what do ycno.n.nk? alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thing we talked about. what do we say? it's

around you went from a $90 call to a -- would you change on tesla or you stuck at a certain level >> nvidia was overvalue and emp's feting too enthused about it it was a good company. it's a dream company you're betting on a dream. you can loose a lot on your dream and i've lost money on tesla, so, but i believe that in the future, as we see the situation like we saw delivers fall short you see the news flow shifting on it. if you own the stock for $150, it's time take a profit. why do you think this time is going to be different? >> i think this time when you see deliveries, it goes to the underline demand for the car not to mention i think they'll see they have 400,000 preorders. the trend rs moving away to the smaller suvs we're seeing increasing competition a lot faster in the electric space and not to mention, people like different cars we all don't want to trooif the same car no one ever addressed that there's a reason why the model t ford sold 500,000 cars, because there were no other cars so, it's very aggressive and ambitious, but that's a car company. you want to look in an altern

nvidia also getting beat up today. another stock that is turning lower for its own individual reasons earlier. , services contractor. that company, according to dow jones, is no longer the subject of buyout talks from bmc. crossed, those shares took a steep leg lower. there is one stock i want to point out because of late news has taken a leg higher. adp, automatic data processing. according to people familiar with the matter, pershing square capital management's bill ackman said to be building a stake in the company. come when this story crossed. david: thank you, julie. more with joshua green. we will talk about the dysfunction in washington. is it dysfunction or dynamism? this is bloomberg. ♪ david: welcome to "bloomberg markets: the trump economy." let's get a check on the first word news with mark crumpton. >> saying this is the moment, now is the time, vice president pence says members of the senate should "step up to the right thing and repeal and replace obamacare." the remarks came at a washington meeting of t

. >> all right >> caller: i've got a lot of semi conductors, nvidia and some of those things.t plus some of the old tech stocks that pay dividends like cisco. >> cisco, in terms of the amount of cash overseas it can repatriate, one of the top five highest. chuck robins is committed to that dividend. i think you're fine. they give you more hope for a quicker transition to a faster growing company and they didn't. i found that to be somewhat of a bummer but as a dividend, you're in great shape. >>> much more to buying the dip than it seems. when a company reports a game changing quarter and the shares go down, i am saying -- >> buy buy buy buy buy >> on "mad money" tonight, can brinks transfor the profits for you? and equinix shares are on fire thanks to the digitation trend i'm talking to the ceo and a spinoff that's hardly getting enough attention i'll bring it to the forefront tonight as to whether or not i like it when we return stick with cramer. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade

i am no longer in this i still think nvidia wins. >> the aerospace and defense etf. >> all-time high. >> thank you, boeing >> yes i think the story is bigger than that we have nato being pressured to meet the defense budget and u.s. is going to allocate and there are businesses so we like the industry. >> facebook is up more than 40% this year. what do you do ahead of the earnings this afternoon? we're going to tell you coming up. >>> plus, crude oil is hitting a nearly two-month high. we'll do all of that when we come back on "halftime." your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. >>> welcome back to "the halftime report. i'm jackie deangelis crude oil on the heels of the inventory. today is marking the third straight day scott na

the analyst thanks the shift will help nvidia.e analyst saying the deal with toyota is likely to help revenue for the next year or longer. they've raised the price target to a street high suggesting the stock could soar more than 30% from current levels. alix: thank you. yesterday, there was a herd of people at tesla. david: it was not the new one. i think there is only one and elon musk owns it. alix: like back to the future. david: cool cars. alix: stocks and bonds had a rough week last week. they moved in tandem. the trade has investors asking what are the market safe havens. bloomberg on the etf for the treasury. they have a big decline last week, the most brutal since 2013. is the principal investors c.e.o. and oliver renick. great to see you. let's recap what happened last week. a brutal selloff in the bond market. what do you do as an investor heading into this week? >> on the bond markets, i don't see why you get a sustained selloff. i could kind of understand what was going on last week which was to do with a little uncer

if you own apple or boeing or nvidia which makes graphic chips for all kinds of equipment, then is thisositive for them? wilbur ross is putting up fisticuffs here. >> depends how it's done. american companies do not want a trade war with china. they want the united states to take assertive position, they have a big market in china for many of the companies you identified and many more, the china market's growing, it's a mixed picture, it's not all a negative picture. the big element is that china is very competitive, not just in low-wage products anymore, they used to be but those have shifted. moving up the technology line. liz: let me bring up before we go, we're running out of time. jon huntsman, who was president obama's ambassador to china. now president trump floated him as his pick for russia ambassador to russia. you know jon huntsman. >> very well would. >> he be a good person in this role? >> he would be excellent. ambassador to singapore, ambassador to china before, he speaks fluent chinese, he doesn't know as much about russia, certainly not as much about china. he is a smar

. >> i think what happened last time around that friday where nvidia and everybody got excited saying growth is over. you were able to rotate into financials. i'm not sure if you are able to do that. >> i love to hear what you have to say. let's say google -- i hope this isn't the case. let's say they come out tonight and they are too conservative with guidance and spook the street and google loses 85 points like immediately, does that money go into treasury bonds or other stocks? >> the economic data is getting better. people want to be long in equities. over the last month we have seen the breadth of the expansion. we saw high beta outperform low beta by about four percent. this is the point where people want to get invested. if we get a miss i agree with stephanie i think people will be lined up to buy the tech stories. i think broadly speaking you are going to see rotation into some of the other asset classes like value sectors that have under performed year to date. >> google misses tonight and we are 80 points lower. you are not going to make a judgment until you hear from faceb

nvidia >> be defensive. iyt valuations and a better chart. >> thanks so much for watching see you back here tomorrow at 5:00, "mad money" starts now >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica i'm just trying to save you some money. that's my job. not just to entertain you, but to educate you call me, or tweet me @jimcramer. market can be a brutal task master when you own stocks, you need to be worried every single day. in fact, if you aren't at least a little worried at all times, you can't call yourself a professional all pros are paranoid in this business why? because without some permanent paranoia, you end up missing days like today where the dow lost 158 points, and nasdaq plunged 1% no day can be dismissed, especially not a big down day like this one where you might miss some major disaster

nvidia is the only real rivalry. with amd powering the new xbox and laptops for apple.hat's fantastic, especially since apple laptops saw growth on the call, sue tried her best to tamp down long-term expectations but acknowledged many people are using the processing power on their graphics card to mine currencies like bitcoin in fact, there's so much hot money in amd, i was worried the stock might get crushed if the company disappointed like it did last quarter instead, lisa sue hit a home run. given that amd has positive cash flow, i think it's good to go. there was some profit taking at the end of the day, but is that a problem or opportunity then there's boeing. it's not such an old dog, unless you count the b-17 flying fortress but boeing is doing some new tricks there's some big changes at work that helped the stocks surge up $21, or 10% today. $21! propelling the dow to more rarified territory the ceo said on call, demand is more diverse and balanced across the globe, and customer purchasing patterns have become more stable and consistent, driven by sustained and

the chip names in the world start whether it's nvidia, they start moving in lockstep sometimes for techfor social media names. do you suspect that might happen? >> well, i mean, i think that -- this market is poised for a lot of following. so people are looking for something to do. everybody's waiting for the next big move. so people start to move, people tend to jump on it. you saw the fact that the trading volume has been down quite a bit because the markets haven't been moving. so everybody's waiting for something to move. so, yeah, any sort of earnings announcement, any sort of movement, i think you're going to see people jump on it because people are looking for volatility. liz: okay. let me remind everybody. retail sales for the month of june missed again. they fell once again, and then we got what's called the cpi, the consumer price index. this is an indication of the inflation at the consumer level. it too was i believe unchanged. so, no, improvement there on any of that. that has spooked traders who are betting on whether the fed will hike once again for the third time this ye