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what is it >> it is nvidia. we're doubling down on the idea that microchips, especially with the timing the way amd was timing a year late with its products, same thing with nvidia this year and ai and also, the beginning of auto driving. robotic driving cars and they're positioned for that perfectly. we're doubling on that because it is a battleship it is unstoppable. >> so guys, remember, last year, his big pick was amd and he won it with amd last yieear, guys, back to you. what do you think? >> jim named his dog nvidia. i look at the picture of my dog but he's so ready to win this contest. i think this is a very good pick why? because i know it's up 100 from where it was from the pre-announcement but even though elon musk threw him under the bus. jensen wong. artificial intelligence and krip t crypto is in the picture >> they're in all the right businesses the november snowstorm notwithstanding, it was ridiculous ridiculously poor quarter. i like this pick though. >> i do too. >> boy, you guys are on this one

obviously, nvidia's getting dragged down along with this you want the higher beta exposure, you go nvidia, but i would rather go low beta and get intel below 50 >> but i also think it's a good reminder when you see intel, you saw xilinx, nvidia is down today but as these companies come in light on earnings or the street does not like these earnings, these stocks get taken down and so i think as an investor looking as we allocate portfolios i think it's really important if you're going to own a stock, don't panic through earnings because these earnings seasons can really throw some of the babies out with the bathwater. >> all five of you guys, five on one, have poo pooed this idea that semis are some sort of cyclical indicator of where we are. >> they are. >> okay. because if you take a look at when we went down in the markets on the s&p 500 last year, we saw the chip churn happen months before that actual final downturn >> this is a great point you make a great point the question today when you look at intel and chips -- >> should we be worried? enterprise spend is not going to be there f

-- by the way, some of the cars are using nvidia chips and nvidia says the chip isn't even supposedmost interesting part were the claims that their technology and their chipset is way better than nvidia's nvidia wasted no time pushing back saying, no, no, no, no, that is not the case and we haven't heard from anybody -- any of the analysts or experts in the arena who have said, oh, yeah, they are light years ahead of nvidia. so far, what i've heard has been sort of a muted, hmm, let's look into this little bit more. i want to see how that plays out over the next couple of days as people look at these claims relative to nvidia. >> tim, help us with this. the hardest part about tesla is that no matter what they say, it feels like on one side people say, oh, these numbers are real, and on the other side, they say, no, these numbers are fake, which is very different than usually -- you know, there's a market, if you will, for people being bullish and bearish. and usually, it's they look at the numbers and they say, i feel more comfortable about assigning a higher value or less comfortab

hey, listen, if nvidia and amd get in on their own quarters, nick wins. you do too all in all, i like the game very much i'm always blown away about how much people know about individualstocks when it's entirely possible just like in the nfl draft that the real intended picks had to be grabbed right before they talk to us they're emblematic of all you home gamers who spend time researching your stocks. the bottom line, and congratulations to everyone who is participating, remember, this is just a contest. you shouldn't play by these rules at home. never forget you spend diversification and dividends at your own peril they are often the keys to long-term riches let's go to robbie in california, please robbie >> caller: hi, jim i would like to get your take on irobot, irbt >> that's too nutty. i'm not talking about tesla which has a pt barnum feel to it i'm talking about a company that literally posts a number looks great, looks bad that's an ungamable stock. just too hard. don't look at me bob in pennsylvania, bob >> caller: yeah, hi, jim thanks for a grea

nvidia does offer a full computer solution for level four, level five. they have designs.view that will take many years to happen. >> all right. >> pierre, i just got to ask you, your target 530 is almost $100 above the next target on the street. what gets youthere >> that's a 12 month target and here's the way i see things. i really value the core car business of tesla and the way i look at it, of course, is over more than one year, over five to seven years, where does tesla get? five to seven years, tesla will maintain a superior technology in terms of power train, tesla will maintain a fantastic brand they have today, and tesla will have vastly superior autopilot feature compared to any other competitors, that's what road maps study today. with that they'll gain market share and five to seven years from now they'll be at the scale comparable and because they have a technology that is much richer in terms of software, they have significantly higher margins. i wind that back over to in a year from now, if the market values and recognized that outlook, what's a fair value

nvidia.t shows up in virtually every list we look at including "fortune"'s and "barron's," the richest man in france, owner of lvmh. and continental to round it all out. i was looking at pay for satya nadellala. some would say he has navigated microsoft what was once a slowing business, selling windows into something high growth, high margins, high profits. hence the stock and market cap cross ad trillion dollars. only the third company to ever do that. this is because he got into cloud. he was head of cloud before he was appointed ceo. let me ask you this, charles. this is about making money. >> 100-dollar signs. >> satya nadella makes a lot of this. not as well-paid as mark hurd who makes over $100 million. bob iger makes $65 million. bog iger was ranked higher in harvard business news than nadella. charles: to your point there is a lot of ways measuring this. i think nadella should be number one at the very least. you know, i saw joe ionello. charles: from cbs. >> from cbs. charles: his pa

. >> to its point, nvidia is down 2% following the intel decline overall, the markets finished well off their lows and essentially flat and that does it for closing bell today. "fast money" begins right now. >>> "fast money" starts rights right now live from the nasdaq marketsite overlooking times square your traders are tim seymour, karen finerman, dan nathan and guy adami. we start with a huge night for earnings and amazon higher and intel, ford, starbucks and t-mobile we have full team coverage on amazon and deidre is out in los angeles and gene munster, fast money friend is in minneapolis and they're getting ready to jump in on the conference call that starts at 5:30 and first we start off with intel and that chip stock getting crushed after hours and let's go straight to josh lipton for the details. josh >> melissa, listen chips have been on a tear into the earnings season and something you guys have hit a lot and now they're starting to see the earnings reports from texas instruments from xilinx and now intel and here i want to dig quickly into the business segment and the ccg bus

what was happening between elon musk and nvidia.ho's making the best chip when it comes to driving? >> driverless cars, let's focus on the journey, not the destination. second, driverless car-based aips for nvidia is less than 5% business. yes, tesla is probably well ahead of peers in its journey of driverless cars. their assembly of components for their auto is likely better than what they can get in the margin market. but, it's not a fair comparison because that doesn't make it, oh, we are four days away from driverless car utopia because of this chip. i want to frame the context appropriately because i think we are getting way ahead of ourselves. romaine: ebay reporting revenue slightly ahead of estimates. also giving a second quarter outlook. $.63,ed earnings, $.61 to slightly above the average estimate. joe: i want to bring futurist and author of new york times bestseller, "rise of the robots ." we had the big tesla autonomy event. how close are we really to a car that can drive itself. elon musk saying yesterday that the hardw

don't buy amd or nvidia because of crypto mania.come and they go. >> tom lee is back on bitcoin above the 200 days good news. it is a bitcoin buy back bitcoin is giving you dividend, huh? >> tom is a serious guy. 5-k, man don't use it as an excuse to jump back in >> i would rather be in micron or nvidia. nvidia is going to get to 300 before bitcoin gets to 6,000 the losers, jim, kimberley clarks, colgate and campbell and sm smuckers things you do not buy. i kacan't wait to hear ginni ginni rometty. that's the kind of example that the stock can work if you think the world is coming back they got a huge business overseas firm is with fewer than 20 employees. >> there is a lot of people who feel that jay powell's bear market that little period really shook the people >> "the journal" says that's what the president calls him >> sounds like powell is being a little defensive and he's not going to leave, adioigight >> he does not need to say a thing, everybody respects him and knows him in the bank business one of the things he did was re

my question is on nvidia. >> we sold it at high 200 and bought it back for the club.se we just think it has -- we love the mel an ox acquisition so i'll say buy buy buy. >> and to marty in new york. go ahead. >> caller: hi. >> hi. hi >> caller: hi. can you hear me? hi >> hi. >> caller: hi. >> marty it is jim. you're on. hi >> caller: hi. consultation stocks and i was wondering if it is a buy or a sell or hold it. >> constellation brands, a company they own half of canopy growth is merging with acreage i think they're cannabis is good and i think the beer business is okay let's go to chris in michigan. chris? >> caller: boo-yah, jim. >> boo-yah. >> caller: on bosh health company. i bought it this last fall and health care industry stocks are down. >> and they are going to stay down for a little bit because people are worried about the medicare thing i think you have to -- give it birth. because when obama came in, these stocks multiples got crushed. i want to wait a few more days until people realize that it is not the end of the world for health care. i need to go to

you have a similar looking setup also in nvidia well off its old highs clearly, this is a stock thatned for the future for automation, cars -- >> nvidea, not hormel. >> yes >> you never know with some of the new -- >> not yet some of the new engines. semiconductors, are they sfil the leader they used to be zblie think they're still the leader, and what will ultimately potentially play out is some of the software as a service have had a long run i would not be surprised to see profit-taking in those areas if a trade deal does get done because a lot of people are going to hide in that area, and then the money comes back into the semiconductors, and you are making some pretty nice looking bases in those names bottoms. >> you know, yesterday i tried to put my craig johnson hat on that's a very big hat, by the way, and we showed a little technicals on the screen we talked about the so-called golden cross the 50-day moving average going above the 200 day moving average on the s&p 500, and history says when that happens, markets tend to go up a year out. doesn't sound like you're that much

. >>> nvidia tonight showing a pod of killer whales killing a gray well. the video might be disturbing to some people, a marine biologist captures the four hour attack with a drone. it happened yesterday in an area of the bay called the monterey submarine canyon. the gray well calf and his mother were on the migration from mexico to alaska when they ran into the pot of killer whales. the mother struggled to protect her babies and the calf fought hard but it did not have a chance against those five killer whales. >>> fog outside right now, that's going to push and lends tonight as it did today. that sets us up with a pattern that will give us basically temperatures in the 70s all week. shower activity to the south, this is an area that could bring a few raindrops but for the most part the layer will be deeper, another system later on will make the marine layer deeper again so this whole week will be marked by extensive marine layer most likely even if it's not fog and low clouds it's going to be cooler because of the ocean air pushing inland. highs today in

netflix, nvidia, still off their 52-week high. >> let's not say apple languished stock was up 33% in three months >> okay, but you know what it's down -- >> it's down from its high >> look at the rebound that it's had. >> i see the rebound i'm saying there's a disparity here some stocks are ripe for a correction you mentioned the chips. i think the chips are ripe not so much for a correction that's too much, but a pullback. maybe that's some place to take some money off the table and go to some of the things that have not performed quite as well. whether it's an app, which i think still has room to rise or nvidia or netflix. >> so the theme has to be enterprise spending. enterprise spending remained resilient, even in the midst of the calls that the economy was contracting and there was concern in the technology space the consumer wasn't spending in technology it's about enterprise spending and to your point, steve, it cannot just be one company, if it is broad technology disappointment >> of course >> but it's going to -- >> you cannot have a major stumble in that sector and expect

. >>> good news from uganda, a california woman is freed this morning and nvidia from her return. >>> could the key to funding schools come from taxing big corporations? one bay area lawmaker thinks so. >>> good morning, everyone, it is monday, april 8. >>> it's monday [ laughter ] what else can we say here, people? >> it is monday. thank you so much for waking us , starting off your week with us. we are looking at areas of fog across the bay, also along the coast and inland locations. the fog is back this morning, and you can see it out there. temperatures running in the mid to upper 50s as we start off the day. whether headlines, areas of fog through the afternoon and scattered light rain showers. we are tracking a cold front to push through bringing the return of some wet weather this afternoon and evening. behind the front tomorrow it turns breezy to windy, with the strongest winds along the coast. we will time it all out for you , taking you hour by hour and walking you through the next 24 hours on future cast, coming up. >>> it certainly is foggy out there, let's take a look

bucket of semiconductor names with the trade talk optimism a you have names like advanced micro and nvidia broadcom and they all had heavy revenue exposure to china and most of the revenues come from china is broadcom has the group. the dow, s&p and the nasdaq are less than 2% fro all-time highs and it's not just a major averages that are inching closer to record territory and the sectors are as well and the technology and consumer discretionary stocks are 1% or 2% away from this year's high and health care is just abo 4% away from the mark and a couple of key catalysts c turn the tide in the coming days including the jobs report out on friday and t official start of the season. for "nightly business report," i'm bob pisani at the new york stock exchange. as we mentioned, those trade talks between the u.s. and china are nearing conclusion and at least one business leader characterized it as90% complete, but as kayla tausche reports what's left is the hard part. >> leo hub met with robert light hiser and steve nuch ipo as trade talks enter a critical phase. he told larry kudlow negotiations

amd 20%, nvidia 20, apple up double, arista qualcomm. the list goes on and on. xerox, et cetera you stay stay with what's working >> i personally think some are overbought to a large degree. >> like what >> yeah, like amd. i don't believe pictures have changed. like nvidia. that stock's been a moon shot and i don't know what's changed fundamentally. sure, they made an acquisition but it's notorious difficult to integrate technology acquisitions so i'm not a big fan of those. however, i did add to microsoft. i have not touched google or alphabet through this whole demise there's definitely a place to go to tech. capx is a part of technology and if the economy is better, you will see more cap x spending so i think that's a good hedge because they have the growth anyway chim to bes, downgraded micron i guess we will talk about that later. >> and taking profits too, trujillo is down $8. this is a high flyer that was up 50% in the first i think two months of the year two months it was up 50 and now it's pulling back to a 35% gain. pedestrian gain like that. but you'r

margins than typically happen and the communication services names and names like netflix, amazon and nvidiall talk about 2% each and that helped push the tech-heavy nasdaq to a new high. so what happens next? we've had mostly blanks and stocks are reporting and banks have been the same, but not amazing and they've been reporting better than expected and the handful of consumer names like kimberly-clark have been strong, as well and to keep this momentum going we need to hear from technology stocks and energy stocks and especially healthcare stocks. healthcare has suddenly become a bit of a problem child for the market and the market's being pushed up by a very small group of super performers and the rally needs to broaden out and there are only 13 new highs on the s&p 500 today. so what else is missing? how about a little volume and volatility? both are still surprisingly low. the question becomes will new highs draw greater interest from the vesting public that we've seen so far. for "nightly business report," i'm bob pisani at the new york stock exchange. >> earnings were a part of today'

potential stuff work with google, basically the gaming community that we have positive news out of nvidiais just trading a little bit above break even right here. the call spread, slightly in the money we're a little bit up on that i actually sold the call spread a little earlier when the stock was trading above $28. i think if you get a little pop into expiration i would start to take it off. maybe look to roll and make a play on earnings which comes up the following week and play to the upside with the call spread later on next week. >> all right, thanks for that trade update, brian. >>> up next, the final call. see that's funny, i thought you traded options. i'm not really a wall street guy. >>> "options action" is sponsored by thinkorswim by td ameritrade eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to

amd potential stuff worked with google and basically the gaming community and positive news out of nvidiaside and it is trading above break even here and the call spread slightly in the money and we're a little bit up on that and i actually sold the call spread earlier when the stock was trading above 28 and i think if you get a pop next week into expiration, i would start to take it off and maybe look to roll and make the play on earnings which comes up the llinowing week and play to the foowg side for next week >> tafrpgs fhanks for that trade up next the final call what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritra

santa clara-based nvidia just released its video of its own assistant. this time it's a holographic assistant and it will supposedly optimize your game play by giving you some visual assistance and my son will definitely use that for fortnite. and though not in silicon valley i want to bring you to a company that's outside the country but has a great addition for the streets of anywhere. t-mobile's latest invention is tackling noise pollution, the ultimate in privacy, it's a soundproof booth for you to take a phone call in. yes. it's a phone booth. which i realize, guys, is something that would be mind blowing to my kids. >> you have like a food service app where you can order them lunch and it said today that you can now actually smell the food on your phone. >> interesting. >> yeah. that's got to be april fools. >> well, i wish i could feel the rays of the sunshine through the forecast. >> but the clouds are not letting you. >> i know. >> look at this live shot of the golden gate bridge. not as sunny as the beautiful weekend we enjoyed. but hey, it's n

one culprit is that perception that i found nvidia's that the purpose of the education is to make money. you see this stated expressly in college promotional materials. our students get better jobs and make more money. thetem -- and perception is that studying history will not help you get a job. it will not make you a rich man. we are all evidence of that. [laughter] is one. the other one to a certain extent is the internet. not for all of the usual reasons that you assume when you have just groaned. think ina tendency to teaching history, it is not necessary to teach things because you can just look those up. need to know that. what i need is a broad understanding of the way human beings have tended to interact butthat is all to the good you also have to have a context in which those things took place. that is what i think is absent from the collective memory. not just of young people but of everyone. there is my little sermon to end of the day. >> thank you to our panelists. [applause] >> american history tv is on c-span3 every weekend featuring museum tours, films, and programs on t

nvidia down 2.8%, down a third day in a row. amazon and facebook also lower.ebook have another global outage. there are analysts advising buying those. apple up ahead of the trial with qualcomm. you would climbing higher -- yield climbing higher, telling you there is not a safety play for german bunds. supporting the small pullback we are seeing for stocks, take a look at the bloomberg commodity index, down about 6/10 of 1%. as investors are waiting for clues on the strength of the global economy, demand, and trade. we also see copper and platinum trading down, very consistent with stocks trading to the downside. small tones of risk off on the day. vonnie: thank you very much. goleman sachs reporting earnings this morning. goldman's equity trading showed a sharp decline as overall profits beast estimates. for more, we welcome senior bank analyst for bloomberg intelligence allison williams. quiteevenue has been static. if you've got such a static revenue structure, you can't afford a 40% drop in something, can you? alison: part of it is the environment. goldman

some of the movers, amd, nvidia, and micron report a higher demand for chips for android devices good the mirror out with a note taking a positive long-term view on chipmakers annual sales growth -- they see annual sales growth of 9% between 2020 and 2025. i also want to talk about oil and energy, one of the laggards in terms of sectors for the s&p 500. the oil prices likely the culprit, a leg lower after inventory came in more than expected. it rose by 7.2 million barrels last week. take a look at this chart. u.s. hit aion in the daily record of 12.2 million barrels a day. seems there is a lot of drilling still happening in the permian basin. david: it is all about the shale. coming up, we will talk about the point man on the other big trade agreement, the one with canada and mexico. the chairman of the trade subcommittee, representative earl blumenauer is coming up next. this is bloomberg. ♪ david: this is balance of power. i am david westin. we turn to mark crumpton for first word news. mark: house democrats are setting up a battle that could end up between -- before the supreme co

what we see after-hours, again, , nvidia, amd, a lot of the chip stocks falling after-hours as well.e a look at starbucks -- strong growth in the u.s. and in china helped starbucks. a lot of same-store sales were very encouraging. came in at double he estimates, again and again of 3%. let's look at ford. it climbs back about $10 a share in after-hours trading. the ceo has made a lot more .urnaround progress they are now bringing billions of dollars into electric and self driving cars. barbie to the rescue for mattel. they are also making progress on the turnaround front which has to do with focusing on big brands such as barbie and big wheels. a loss was expected on this company three times the size of what they actually came in and .hat is considered a win a lot of big movers impacting the friday u.s. trade. >> thank you so much for that, the latest on the earnings season and actually, let's dig deeper into tech results now. let's start with amazon right they beat big-time analyst expectations, and yet, when it comes to after-hours trading, the stock is rising less than a percentage

center potentially in buying the chip they mentioned china significantly, some what reminiscence of nvidiahat seems to disappear or dissipate. there could be a pause there with alibaba david, china had been increased. committed never again to be a constraint on our customers' growth that is before you sell amd. it was a lack of supply. >> the execution may have been terrible here. >> the data center have come down we have one of those from rebel yen conference call. china chip maker and auto industrial, you see it there. it could stabilize there are a lot of people who felt intel was a great buy after they got out of the modem business with apple. the stock did right. pcu not so great either. volume felt 7%, in part use of shortages. it was a bad call. >> as good as i like ford's call >> mr. swan -- >> they're forecasting four years eps now, that's down 5% and 25 cents lower than their pre previous guidance. >> arguably you can say it should have prenounsed and the drop off, it was swan, the reason for it? >> no. >> acute deceleration happening in china >> that was again like amazon, they

the issue there is pulling nvidia down, also falling more than 5%. all of the chip stocks having a tougher time as we are seeing concern out of that 2019 rebound we have seen in the chip stocks may be overdone. that concern or that pullback we were seeing for the chip stocks and tech in general has been indicated for us by the relative strength index. this showing you that it has been -- this is the s&p 500 tech sectors, you can see that strength has been on the rise. finally, oil is taking a break from its rally, wti down 3.6%. we saw six-month highs earlier in the week for oil in response to exxon falling 2.8%. they had a shocker of a first-quarter earnings, all down to the refining business. david: thanks. vice president biden is now in the race, which should just about complete the democratic field. we have yet to hear from a prominent independent. we talk with the cheap spokes -- the chief spokesperson for howard schultz, next. this is bloomberg. ♪ power this is "balance of " on bloomberg television. we turn to mark crumpton for first word news.

for constellation which has its most comprehensive investment in cannabis >> a little bit about the nvidiabitcoin issue which the stock once it became -- if you wanted to trade bitcoin -- you live by the sword and die by the sword cannabis very hot and trendy right now but wilma you're the as most things >> with the bitcoin thing it was more difficult with bitcoin it wasn't easily trafficked you had to go through different exchanges. whether they were global or not. that's why you got the stocks. in this case here there are pure play cannabis companies that you can go into if you're looking for that kind of leverage. like going gold prices versus gold miners. if you want to play marijuana you go to the players. >> now we're trying to time certain parts of the market that are not canopy related i remember a time when beer was gone all about wine and spirits that was the growth part of the market trying to time this now is tough. >> the old ge critique they bought and sold in the last 15 years the wrong thing at the wrong time >> if you looked what they sold those low end wine and spirits wa

nvidia, micron and amd to name a few. matt, hitting new all time highs generally bullish, but i guess there can be too much to have a good thing how does the semi sector look in terms of the field position? >> it's getting extended the tech rally in general has been broader than it was the last time we came out of a correction when the fang stocks were the only one taking us higher we have negative news and the texas system is talking about soft demand. jpmorgan and morgan stanley talking about pricing that are cautious but the big thing is that look at the run we've had it's 40 % since the beginning of the year it's almost 50% since the lows look at the semi conductor index. it's getting to levels where it's usually followed by a pullback it's had this great run. pullbacks especially strong ones like this are normal and healthy. and therefore, i'd want to be a buyer on weakness rather than chasing way up the these levels. >> maybe the group is running hot. we did mention names that have not kept up. how would you play th

intel this afternoon and amd next week an nvidia beyond that. so there is a long way to go.entum stocks it is looking really good. for facebook and some others it really is. although when we get to the other side i want to see if the big institutional investors take profits and see how much they can make if they sell out. charles: some of those big institutional investors will have to get in, scott, because a lot missed this rally for a variety of reasons. of course the next big name is amazon. we'll talk about amazon more specifically later. but i do want to remind folks the last two times amazon reported the stock got hammered both times. so a lot on the line today, scott after the bell. >> yeah, there is. that is frankly expectations, charles. amazon is seen as this gargantuan company which they are that can do anything. when they disappoint or caution in guidance or what not the stock does get popped but i think aws will be really the key to the call today and what we saw from microsoft on their cloud side i think bodes well for aws. i think the stock in general is a goo

nvidia showing columbia police arresting thomas renno on thursday. they said he offered at least five minors roughly $100 for sexual favors. he is also suspected of sharing pornographic material. the community of fairfax is in disbelief. >> i saw him three weeks ago about and he was walking down. i got home i got from you look familiar. and i said i know who you are. it messes with the mind and people around you. >> is charged with aggravated crimes of commercial exploitation, pornography and the use of mass media to propose sexual activities. >>> this morning a homicide investigation is underway after a woman was found dead on the sidewalk and a point. her body was discovered on so soon and north broadway avenue just after midnight saturday. it's not clear who the woman is or how she died, but a red high heel shoe was left at the scene. >>> fans are mourning the death of a rapper and grammy nominee, nipsey hussle. he and two others were shot yesterday in front of nipsey hussle's marathon clothing store. one of several businesses he owned in south lo

the other name is that nvidia, while the company's had some tough quarters over the last couple quartersated to some inventory bills we actually think that starts to improve as we move through 2019 as well >> all right aaron, bold call on intel, thanks for joining us. >> thank you >>> first apple, now amazon reportedly planning its first alexa empowered wearable device. its head phone answer to apple's airpods. deirdre bosa's in san francisco. >> amazon is getting ready to release air buds with built-in alexa capability, could happen as early as the second half of this year but it should really come as no surprise because amazon has long been looking for ways to move its virtual assistant beyond the home. bottom line is that alexa has to go mobile if amazon wants to compete with apple's siri and google's assistant that are built into our smartphones our headphones go with us everywhere too and increasingly they are wireless. apple doesn't break out numbers but top analysts have called them apple's most popular accessory ever and expects shipments of up to 55 million this year. the newest

gave us 2.7% revenue growth and only nvidias 3% to 5% growth rh has been focused on making itself theeaner, meaner operator which why they went from $1.27 to $8.40 last year. i thought it was incredible but no one sometimes to want to give them credit for the magnificent profitability that's why it sells over ten times next year's earnings estimates ordinarily i hesitate to recommend them but if you believe the worst is over and housing is about to rebound with more interest rates in the spring weather and the fed is your friend and not your enemy then i think they will end up looking way too cautious worried about a slowdown, rh is not the stock for you. now that they've lowered the boom on us i like the risk roy we ward. this is not walgreens. if you believe our economy bottomed, this company is a terrific operator and doesn't get the credit it deserves because management focuses on growing earnings rather than growing seas at any cost like wayfair. i say start measurining gary evy day. mason in louisiana mason. >> hey, jim, first time caller, long-time -- >> first time, long time >

nvidia's kwan, he is only name consistent across all the lists that we checked. bernard arnault, france's richest man which owns gucci and ysl and continental. looking at a list of harvard business review looking for jeff bezos. i was looking, looking, at number 68. the bragging rights jeff bezos has for the harvard business review he has been the only ceo made this list each and every year since his company went public. now le's look at the readers choice. this is more academic. when it comes to actual day-to-day readers and viewers who do they consider to be the best ceo picks? not a surprise, some of the names always in the media. jeff bezos comes out on top, warren buffett number two, tim cook, jamie dimon and elon musk. what about growth ceos and growth stocks? there are a lot of ways you can measure a successful ceo. baron's did the same when it comes to growth companies and people that generated a lot of value for shareholders. bob iger is number one, james gorman. the rest that you see. satya nadella doesn't do badly, you guys, would you say? >> the list

food chain in the semiconductor companies that supply the centers that host the cloud, amd, intel, nvidiae same things yesterday are true today like digitization is still in its early innings for many companies. how about the fact that walgreens, a huge outfit walgreens had horrendous earning, and it's just now beginning to digitize, something i mentioned over and over on the disastrous conference call guys, how come you're so late to digitize i'm not making a clarion call to buy these because sometimes there is some sweeping call that we don't know about yet. it's possible a couple of hedge funds are simply liquidating high stocks don't have any exposure to china. that's a classic rotation because people say talks conclude this weekend in a positive way but we have to now wait the see if we get to downgrade finally, perhaps my biggest fear is being realized. growth funds are raising cash to prepare for deluge of new ipos knowing that the next few deals will be done by firms that don't want another lyft on their hands, lyft being the new term for botched ipo. it makes sense trade web, a f

intel, which have very low companies like intel, which have very low expectations compared to amb and nvidiah high expectations, you have to pick your spots. in our opinion, intel is not it. scarlet: intel shares are down by 0.7%. even a chipmakers overall are higher. thank you. thank you so much. now, we have about 15 minutes to go before the market closes. record high. caroline: seven days of gains. this is bloomberg. ♪ ♪ caroline: this is countdown to the close. i'm caroline hyde. scarlet: i'm scarlet fu. look who is with us, joe on his favorite day of the month. joe: a huge day for me. my favorite day of the month. theyou know, the thing is message is very similar month and month out, which is that we continue to create jobs in this country, but no real signs of labor market tightness or coming to an end, wage growth sliding back, other measures, underemployment not doing anything particularly special. thestory, i keep thinking story that has been the case for nine or 10 years now is still the story that has been the case for nine or 10 years now is still the story just ok growth and no

ahead and this will absolutely impact and the reality is whether it's micron or xilinx and amd and nvidia and they have categories and verticals where they get their money from and their revenue streams and i think there is a great opportunity across the board there, whether it be an amd and you have these different aspects where it can go, big data. i think intel is still my favorite because it might not be the most sexy of all these names, but it still has a great, new ceo and the cfo that they just hired away from qualcomm will be huge from the company. >> bob pisani had a very interesting chart that he put up >> as he does. >> the composite with the semiconductor etf moving in lockstep if you don't believe in china, guy adami. >> no, no, no. they're throwing money at this sucker to our earlier guest, chris varron said this was the beginning and he might be right. if you look at a stock that seems to have its legs under it at 13 times earnings and qorvo is interesting and upgraded to goldman sachs and key bank upgraded it as well and that's the stock that valuation make sense and it ha

nvidia off 30% and applied materials down 22% and advanced micro off by more than 17% and for more on these chips and how to play catch up with the group. chris verrone. >> he's going up again twice? >> animal style. >> triple. >> i think we want to stay long here and what's compelling is sometimes we forget what the longer term price action looks like this is the semis over the last 25 years we're only just now beginning to take out those highs from 1999. this was on a 20-year basis, a net return of zero just breaking out to new highs this high, 1475 and the low here is 1057 and that's about a 400-point difference and we can then extrapolate and we think ultimately 400 more points before we get your next target and that's how we measure price targets and when you look at the semis just in terms of message, i think one the really important stories is you're starting to see the semis now outperform software and that is a big change from last year in the low growth scare environment, semis underperformed all year and that's started to change here. i think this is a reflection of cyclica

look at some names that have moved up like an nvidia, without any really positive underpinnings. even apple apple is fine but you've seen big moves, despite declining businesses so you can basically go to anything that's a leading index member and you'll make money because that's what you are doing. >> if you look at that list. starbucks is at basically its high so you're buying, to your point, buying the momentum. >> if you are willing to buy into the market at this point in the s&p even, i could say the same thing market at its high you're buying into the momentum overall. on this list specifically, there are some namesy trading incredibly well. amgen was a favorite of the -- that was hedge fund vip the last couple of years. >> everybody's vip not just the hedge fund >> i think -- >> more actually long only than hedge fund >> either way, a vip name that's fallen it's been incredibly disappointing. >> give me tech then kla tencor >> i like the stability of earnings there i like the semi theme. i have smh, but i think texas instruments. >> jb? >> i still think when you're looking

semiconductors have been huge beneficiary names like nvidia and qualcomm, up 20% to 30% because theyet the majority of their revenues from china. you see here, they're down today. trade related industrial names generally up today you have united technologies, 3m, caterpillar up look at boeing there a really big mover in addition to the trade, out of the gate, really one analyst told me the ceo in the boeing max it accounts for 16% of the dow's gains today. ford and general motors moving up 1% a piece. ford's first quarter sales fell 1.6% from a year earlier but sales of trucks, vans and suvs quite strong for brand suvs set a record ipo fraud, tradeweb markets, an electron trading blackstone went public this morning. $34.26 it opened at. whoa that was a premium $27 is what the price was. still moving on the ipos, kelly. >> still holding those levels, bob, thanks. >>> to the drama at tesla where elon musk is facing a legal showdown he entered the court in manhattan with lawyers to the case asked him to hold in contempt of court for violating the terms of his agreement to have tweets an

today's 11% rally that this is going to continue and this is on top of a stobl that was up -- >> nvidia for a second everybody loved it at $200 and hated it at $110 and all of a sudden the love is coming back once again the vertical growth and the valuation levels of a name like that, scott, completely flipped and for whatever reason, it turned people off, and yet, look at that reaction of that stock marvel, you can go down th whole list but intel >> i was going to go intel now >> go intel. >> intel's up 3% also part of the nomura insta net upgrade. they go intel by they initiate 65 bucks at price target i know you owned the stock for a long time. >> i've been pretty bullish on it it had a rough end of last year with the whole ceo turnover and amd supposedly eating its lunch. what we're seeing here is both companies can co-exist the semiconductor industry is very broad no one company is going to completely eat anybody's lunch intel, by the way, is 3% from its 52-week high i think it takes that out here pretty soon. this is one you just don't want to get in the way of >> they're also pro

and semi analysts are looking at that and drawing comparison you can throw the hammer out against nvidiaped back with their view on what he said i think people are looking at. it i'll be honest, i wonder just given the budgets of the companies that he's going up against in those markets, how true -- the capabilities and comparison to the competition he's mentioning. i would question that, but we'll see what happens as he brings it out. >> yeah. >> to your prior question, by the way, like you asked ruben in terms of stocks to focus on, i just want to get that out there, i would be looking at stocks that have less aggressive estimates into the second half because they are coupled with valuation support. also the other one that i would be looking at is nxp which i believe is an under appreciated story. i think the numbers are very unaggressive to them and it's one of the cheapest in the space. that is one i would be looking in >> all right we like that we like actionable stacy, ruben, a lot more to come on this space. unbelievable action. thanks so much >> thank you >>> when we return, shar

nvidia these are stocks we talk about all the time >> so we've talked a lot about internet i think undemanding multiples from a valuation perspective we had the big retracement in faang. we own facebook today at 18 times earnings, below a market multiple which we don't think makes a lot of sense if you look at software. the largest software is tableau. snowflake which we'll talk about later today with pat grady software clearly has had a lot of multiple expansion. i remember in january of this year, stan drukenmuller coming on sake i'm negative on -- i'm skeptical of the economy and the market but bullish on software when stan is talking about being bullish on software, we're in kind of the higher end of the multiple range the median for growth multiples has been about seven or eight times revenue. today closer to 13 or 14 slack, zoom trading over 30 times forward revenues >> business software is like the hottest thing right now. >> software is the new internet. but i think there's a lot of justification for it the fact of the matter is we're going through a once in a generation replatforming

cisco, facebook, google, ibm, interview nvidia, apple, intel, oracle >> some of that's on discretionary. i like tech and what i've done with tech is marry the growth tech with the value tech which is why i have the oracle and the ibm in there with facebook and google >> bank of america shares under pressure today following its cautious guidance for net interest income on the company's earnings call. hello, low interest rates. yield curve. et cetera. all right, steph, biggest position you have in your portfolio, bac, what do you think. >> i don't think it's that big of a deal. i think that their guidance was the way they presented it on the call was a big deal because they should have just said we're going to grow net ii 3% versus the 4% expectations. i sounds so much worse than it is and there were good things that happened in the quarter in terms of their efficiency target i mean, that was way better than expected and that's the reason i actually own the stock, because they will be able to see operating leverage, i.e. better earnings growth, because they have a lot that they can do on

some of the billions of dollars of profits they have made from their investments in companies like nvidiaa putting those profits and putting them back into the vision fund. we have heard the talks are in still early stages, the deal could fail to come through but the discussions have been ongoing. >> selina wang there speaking to us and we are getting a bit of a breaking news story. roughly 2.7%ld his ipoe in left ahead of the last week according to people familiar. he sold that list two george soros. we are hearing that the former i can't capital managing director who was on the board as of last month connected to strike on with a buyer. the buyer identity being reported by the wall street journal as being george soros. let's get you a quick check of the business flash headlines. blackstone is raising more than $22 billion for their flagship buyer making it the largest in history and it is not done just yet. firsttone completed the quote last month. >> news that beijing is to cut aviation taxes. as part of measures to support the economy. china southern climbed 15%. since 2015.move the l

nvidia also down 6% on the day. a little bit of pain out there for those companies disappointing this earnings season. vonnie: intel confident this is just a rocky period and will get through it. some breaking news right now on united. united air says they are canceling and removing 14 737 from its fleet, and they will be scrubbed in june. 35-40 daily flights. has already canceled 220 flights in may and june over that. we are getting a little pop to the shares of united. i did want to point to some economic data this morning. university of michigan consumer confidence the, so to gdp. it was a surprise to economists, coming in at 3.2%. they were expecting somewhere around the 2.5% range. there was a building inventories that really impacted this particular data. were know, the trade wars becoming a thing in the first quarter, in a time period where companies would have been building inventories. consumer,now if the which was weak in this report, will come back in the second quarter to save what will likely be weaker

we're seeing that drag nvidia and amd down. the chip sector has been closely watched because of its large jump in 2018. it stumbled a bit in 2019, so this will be a blow. ford and mattel are turnaround stories. the story would intel, they slashed forecasts amid a decline in data center sales. server chip revenue dropped after years of robust growth, reflected by the chart. they are working through a lot of product stockpiles. ford climbed back above the $10 mark on a number of improvements under its new ceo. strong truck sales bringing a big profit. they cut thousands of jobs, putting billions of dollars into self driving electric cars, all of that beginning to pay off. they blew past all the estimates. mattel, another turnaround story. barbie to the rescue is a we are calling this report. the new ceo focusing on the brands barbie and hot wheels to take them higher. revenue slipped, but analysts have projected the drop to be three times as big. this was a big win. shery: thank you for the latest on the markets. coming up, the n

justin wong of nvidia. only guy shows up in all the lists. those are bragging rights for him.hat doesn't sleep at all? >> which one? jenson. that is superpower. a lot of ceos don't get that much sleep. like you. neil: they're coherent. go ahead. what else? >> harvard business review only looked at big caps. you have to be in the s&p global world cap index. they went into financial data. a lot of financialization went into it. stabilization. tell me if this is getting too complex for you. it is company adjusted. u.s. is cleanest of the dirty shirts as they say. does that necessarily give you an advantage? they try to baseline that out. industrywise. a lot of money rolled into tech. do you have to be in tech in order to be with the best company? not necessarily. dollar adjustments, dividends and buybacks. neil: how about whether the employees are jazzed or happy? >> corporate culture. harvard business review analyzed that in. the name of the company they partnered up with, trying to say that very well, but it is hard. corporate good and goodwill obviously, the brand, and brand w

that's a pretty good thing i want you in nvidia >> today goldman sachs' utx. bouncing on china. >> how about them? anything thin tech people love it i just encourage people to not be conservative when they are younger. some people will really disagree with that. i happen to look at the longevity lifetime when you are older you are going to struggle. get that health insurance. that wipes you out >> jim, all doubt components are green. >> wow >> even the proctor of mcdonald's of the world. 2856 is not quite surpassing the march's levels >> no, we don't. cisco, he's in an app for cnbc which was terrific but he lost for unc which was not good how about this one, second best, ibm. they're trying to close the red hat deal that's not close in the second half then united technology, that's a total chinese stock and get this, carl, apple, remember at 140 when apple's best days were behind them. what happens to that narrative where did that go? >> lyft, jim, i am told is down 72.50 here >> if it does not hold that level and became public, that's going to cost a lot of p