long-term i like nvidia. >> a lot of the chips are made in taiwan. whether there is a difference between taiwan and the mainland, but are we overstating the risk? there will be short-term disruptions but if intel and nvidia can shift production, get a higher margin, not get ripped off down the road, would that be a longer term positive outcome >> they are basically commodities. >> no question the sector is affected by a trade war that will be really intense there is an argument about which technology will be transferred to the u.s nvidia specifically got caught up in the crypto crap. everybody loved the name for a lot of reasons including processing bitcoins. they are suffering they have to sell to the car industry and everything else i like this space. right now you can stay back. you're not missing anything. >> i don't know what processing means, but do you think crypto mining is dead >> i think crypto is about to have a really hard couple of years. i put bitcoin in that. i love to tell the story about crypto i bought it during a harvard class to s

finally anthony robbins, vice president for north american public sector at in nvidia. so we have a great group of public and private sector experts that can talk about activities in the standard development space from both the industry using the standards and the people helping define u.s. leadership in ai standards. so before we get launched into the discussion, which will be about 45 minutes, then an opportunity for audience q&a at the end, i want to do a little bit of stage setting here. so the term ai often used to describe two different but related topics. there's technical standards, things like reliability, performance, accuracy, then there's the oversight of the ai systems. these are very different but related things. standards are a prerequisite for oversight. the oversight side of this conversation receives disproportionately large share of attention. potential for black box systems running amok without knowing what's going on has dominated conversations and public policymakers understandably want to a rece those concerns. unfortunately this prioritization of

i wonder what efforts are these companies like microsoft and nvidia taken to mitigate these sorts of risks. the applications that could be developed that could encourage safety minded ai development. >> i will answer briefly because i am not an expert but what i will say is we have active research going on in the space. the starting point frankly has been modeling and understanding even with the picture looks like before you get to actions you can take. the other step is to start looking at your development practices and start putting in place mike in the past you would look at the security development and make sure that we are training the workforce appropriately of the things that we are doing but i will stop there because you have put your finger on an incredibly important point and one that is needing a great deal more research and consideration. >> i will say the same thing. check will have a national initiative around cyber. if you look at what is happening around cyber come even before he was confirmed they talked about the importance and role of a i. this is a brave new field

john got the kind of welcome you wish for from nvidia. his gaming name is wheely ninja with a personal audience with an employee badge from n vidia. then -- it was game time. john, who is from new mexico has multiple sclerosis. they learn how video games are made. >> oh, yeah. it's a major hobby. something i can do without major limits. >> he's a big gamer and studying computer science and into those things and he wanted to come to nvid nvidia. >> we teach this robot how to move these gears. >> and a ceo who loves to instruct the next generation. >> it's a great privilege for us. in a lot of ways, we are kind of like the disneyland of technology. >> the gravity is what it looks like. >> a happy place for a gamer. >> whatever he likes and however i can support him, here we are. >> a look at more of the futuristic technology. some so futuristic, they didn't let us shoot it. scott budman, nbc bay area news. >> what are a memorable day. 45 days is how much time a judge gave the city of oakland to rework the complain against the raiders and th

nbc bay area was the only news crew invited when john got to spend the time at nvidia. he was multiple sclerosis and his wish was to see how games are made and meet ceo of nvidia. it all happened today brand-new headquarters while learning about games, robotics and artificial intel swrens. >> he's a really big gamer and studying engineering and computer science and into those things so he said he wanted to come to nvidia. >> john also got the chance to build and play games on his own personal computer. >> tourists go one way and locals go another. that's what a new map shows about the bay area. here's the map right here. shows the most photographed and heated spots in the bay. now all that red color represents tourists, and then in the blue, those areas are locals. the yellow spots are places visited by a mix of both. tourists tend to take pictures of the golden gate bridge and usc and people who live here take pictures of place naz are aren't as popular. >>> up next at 6:30, more protests in puerto rico tonight. what one presidential candidate in the u.s. say to see pu

. >> i like nvidia which gives us exposure to the high end markets we want to play whether it is a.i.autonomous vehicles, gaming, they had exposure to those. they are crypto problems they cleared it out. i think it is priced at a good level right now. i like broadcom as well. it gives you exposure to the software space with their recent acquisition. we like software over semis right now. you have access to the software revenues as a diversification play we like that one as well. >> amd has outperformed. intel to tim's point has underperformed i would say you have to take profits in amd right now even though there's been a bunch of positive headlines and rumors about being involved in next generation xbox and microsoft cutting intel chips, adding amd. i think you have a lock in your products i think it is close to 70%, i don't know if i have it right, it could be close to 10% >> what's the best chart in chips? >> i would think it is amd nvidia is trying to bottom you mentioned something important, it is back to safety versus offense you like software better than semis? >> i do. yes. >>

that's the cherry on top what's been a fantastic few weeks for the group. 15% as a whole micron, nvidiats >> amd today, volume was one and a half times that of calls interesting trade that caught my eye shortly after noon today when the stock was trading 31.31. a buoy of 10,000 of the august 2nd puts that covers their earnings announcement that should come in the last week of july. but here's thing here's a stock that's massively outperformed up 70% up almost 100% from it's 52 week lows while a lot of name that we know and we talk about quite frequently have underperformed the broad market, amd has outperformed much smaller market cap than some others, intel and nvidia this chart has been a really nice stair step. holding that uptrend from the december lows here, the sentiment has been very positive with we know they have a lead on some chesapeake with intel releasing some new ones. by the same token bad press last week in the "wall street journal" again getting blasted by their ceo saying how they've been very cooperative with organizations or companies in china that are cozy with the

also influential, semi conductors, dominant, big gains, nvidia, amd, broadcom.'s a broader trend in general. the biggest companies keep getting bigger, particularly the tech-theme companies visa and mastercard, that's the fintech base, cisco as well. there are a few outliers like united health and home depot that have been big out performers that are not tech, but not many have moved the charts most consumer names, look at this, they're in the middle of the pack remember the s&p is up 50% pfizer, walmart, proctor gamble, coke is towards the bottom, only up 25% you see there not a lot of out performance here there's a few exceptions j.p. morgan and bank of america outperformed a little bit, but most of the banks have been notable underperformers. then there's the outright losers and two big groups dominated from 2,000 to 3,000 on the down side first, energy stocks no surprise. remember, oil was 100 bucks five years ago. it is $60 today even with the rally. the other big losing sector are retailers like macy's. so what does it mean that a handful of big cap tech s

companies like nvidia have tried to use technology to try and prove the moon landings did happen.t a 3d render using powerful graphics processing units which realistically represents how light behaves on the moon. debunking a popular conspiracy theory about the lighting in the moon landing images being wrong. we decided to do some digging of our own, and examine the evidence that proves, yes, human beings have landed on the moon. jonathan swift, the famous novelist satirist — "reasoning will never make a man correct an opinion "by which from reasoning he never acquired." if someone has an unreasonable opinion about something, based on nonsense, it doesn't matter how much reasoning you do with them, you are never going to reason them out of it, because reason didn't get them there, to begin with. so there are the famous ones, that they didn't actually get there, they actually launched in the rocket, orbited the earth a few times, pretended they went to the moon, and came home. radiation, that's the other one. there is no way they could have gone through the deadly van allen belt wh

that's all nvidia. that's why nvidia must be bought jenson's back, bigger than ever. ghandi 2? i missed that one. >> that's actually from bill sheft, one of the greatest comedians of all time. >> apple >> it's kind of damning the praise, saying who is really going to upgrade if you have the 8, 9, aren't you going to wait for 5g and do you really want to leave that stock now ahead of 5g the question is, is the valley low enough -- or ain't no valley low enough, right? who sang that with marvin gay? >> ain't no mountain high enough >> tammy terrell >> i did not know. >> and who wrote that? ashford and simpson. come on, david >> what do you mean me he's the one who knows all those things >> i'm trying to think about netflix margins here >> it takes two. look, he's basically talking about when you add that incremental sub, netflix is a lesson >> it's like trying to run with usain bolt, that's what this is. >> it's impossible >> impossible burger no, that has gmos. >> i'm going to let you take a breath i'm going to talk about t-mobile and the doj. >> go ahead. >> thank you

like skyworks and nvidia.at he said. >> i will continue to work with my colleagues and the administration to make sure that we are clear-eyed about the threat that huawei poses to the united states and to make it a priority to protect american businesses and our national security. liz: senator rubio still thinks it's an issue. >> i think it is an issue and we clearly need to use those laws effectively but on the other hand, you can't simply have such broad sweeping restrictions that u.s. companies can't do business. you've got to figure out a way to work with other countries in doing that. the other thing is, you can't just trade off national security for short-term commercial reasons. liz: skyworks, nvidia, they are jumping. i'm sure that arm holdings which makes the chip architecture, is very happy. they had to cease and desist and now get to start back up again. good to see you. thank you very much. >> thank you. liz: ambassador yerxa. we are about to get you an update on the facebook situation, when we com

companies like nvidia have tried to use technology to prove the moon landings did happen.werful graphics processing unit, which realistically represents how light behaves on the moon, debunking popular conspiracy theory about the lighting in the moon landing images being wrong. well, we decided to do some digging on our own and examine the evidence that proves, yes, human beings have landed on the moon. jonathan swift, the famous novelist, satirist — "reasoning will never make a man correct an ill opinion by which reasoning he never acquired." if someone has an unreasonable opinion about something, based on nonsense, it doesn't matter how much reasoning you do with them, you're never going to reason them out of it, because reason didn't get them there to begin with. there are the famous ones, that you know, the fact that they didn't actually go to the moon, actually launched the rocket and orbited the earth, for a few times, pretended they went to the moon, and came home. oh, radiation, that's the other one. there is no way they could have gone through the deadly van allen

that nvidia's small groups lego and small vein with can find it is really into this wild that means and if it has it like better the netbook could lego bedrock like this and it kept years like that all are just. but i did this while and it just all of those why into the net. about 2 hours outside nipples 2nd largest city takara lies the village of saturn caught in the past landslides were common here. they swept down the steep slope destroying fields and threatening low lying areas in the village broome grass was planted to try to improve the situation and it's already helped. additionally a drainage canal was built it takes up some of the floodwater reduces the force of the torrents and diverts the water into the fields the village has become a safer place to live. and it has an additional source of income and resale can be used to make brooms farmer john newcombe about all sells them and has been able to increase our income by 20 percent. i.r.r. men who have not liked them there i mean everyone about the thought of that and then if i want to and extra money as a farmer i have to work

companies like nvidia have tried to use technology to prove the moon landings did happen.s processing unit, which realistically represents how light behaves on the moon, debunking popular conspiracy theory about the lighting in the moon landing images being wrong. well, we decided to do some digging on our own and examine the evidence that proves, yes, human beings have landed on the moon. jonathan swift, the famous novelist, satirist — "reasoning will never make a man correct an ill opinion by which reasoning he never acquired." if someone has an unreasonable opinion about something, based on nonsense, it doesn't matter how much reasoning you do with them, you're never going to reason them out of it, because reason didn't get them there to begin with. there are the famous ones, that you know, the fact that they didn't actually go to the moon, actually launched the rocket and orbited the earth, for a few times, pretended they went to the moon, and came home. oh, radiation, that's the other one. there is no way they could have gone through the deadly van allen belt that sur

melon knox and that's why nvidia is up almost more than every other stock. >> amazing how many thingswound into -- >> it is vast. >> let's talk about the broader ramifications. we see the market up this morning, we see oil up in part on that opec deal, but also because of just this belief that you potentially are going to have demand growth. then on the other side, you probably have people saying, maybe the fed doesn't need to go 50 anymore, maybe it goes 25 basis points in this month we're in july now. >> maybe the way people say i'm monitoring, of course, you need to see the employment number but, look, it is a huge positive i always want to caution people that, yes, everybody knows that last 25 was unnecessary. >> the last raise. >> the last raise. >> late last year. >> none of the numbers that we have been seeing is strong they're not strong pmi is not good. retail is not good we have animal spirits related to china obviously apple, it seems likely that apple will not be as hurt that was big win for apple the president said that he's heard from american manufacturers that -- mostl

poll suggests that one in six brits believe the moon in the age of the moon landings were a hoax is nvidiaprove they have using a powerful graphics represent our light behaves in the moon, debunking a popular the moon we decided to do some digging of our own, and reasoning he never acquired. if someone based on nonsense, it doesn't matter how much reasoning you do with them, you will never reason them out reasoning did not get them there are anomalies with the photographs, directed it in a film setting, area 51... the technology did exist to get to the technology did in 1959. just. the technology did in 1959. just. the cameras were based on 500 l systems. we had many modifications, viewfinders, and a mirror system. all of this was removed to save weight. it was then locked into a chest bracket on the arsenal's suit. it was literally moving the body, tilting the body to frame up the images. we can't see any styles because the contrast range and the service images is too high. because the contrast range and the service images is too highm because the contrast range and the service images is

companies like nvidia have tried to use technology to prove the moon landings did happen.g a powerful graphics processing unit, which realistically represents how light behaves on the moon, debunking popular conspiracy theory about the lighting in the moon landing images being wrong. well, we decided to do some digging on our own and examine the evidence that proves, yes, human beings have landed on the moon. jonathan swift, the famous novelist, satirist — "reasoning will never make a man correct an ill opinion by which reasoning he never acquired." if someone has an unreasonable opinion about something, based on nonsense, it doesn't matter how much reasoning you do with them, you're never going to reason them out of it, because reason didn't get them there to begin with. there are the famous ones, that you know, the fact that they didn't actually go to the moon, actually launched the rocket and orbited the earth, for a few times, pretended they went to the moon, and came home. oh, radiation, that's the other one. there is no way they could have gone through the deadly van

chip stocks skyrocketed, nvidia an amd up 700% in the last five years.ve seen big gamesrom broadcom and zie link as well. the bigger companies get bigger andigger, particularly tech related companies. cisco is another example. ere are a few non-tech outliers like united health and home depot that have been big performers but not many. energy stock is down lling, which is no surprise. oil was $500 five years ago and $60 today. the other losing sector is retailersng inclu stock's like macy's and gap downat big. oes it mean that a handful of titans have come toin de the market? it is about growth. growth is hard to find globa iy soestors are willing to pay up almost anything for growth wherever they can find it. for "nightly business report", i'm bani at the new york stock exchange. >>> so with the market at new highshat should you do right now? joining us to talk about that is patrick chivonic, the chief strategist. welcome, patrick. nice to>>ee you again. hello. >> is it more difficult to navigate the market at new highs? >> right now the economy is more

nvidia also seems to be falling. that shiphe folks in space decline.e: we've got to bring it back to what we just got in terms of apple's numbers. beating in terms of fourth quarter forecast. some maneuverings within the third quarter. it looks like iphone revenue didn't quite live up to expectations, neither did services. it did show 4% year on year for john butler in china. do we care that much about slight weakness in greater china? 20% of sales, a trade war that has been raging on, i would say the latest figures are good. in terms of iphone, we are rolling into an upgrade in september. i think the next really big cycle is in 2020 when we get a 5g iphone. the focus in the fall for me will be the new content services. there are areas you can .2 of concern, but nothing too great. romaine: what about the cost structure? we know apple had to move things around a little bit because of the trade war with china. what are we going to hear on the conference call with regard to costs? i think they will talk a little bit about how they will begin to diversify

tonight mark meredith takes a closer look at biden's paper nvidia trail on that busing issue. >> i did not oppose buzzing in america. >> reporter: joe biden talking about his record on civil rights. democrats #his opposition in 1970s to busing, policies requiring minority students to be transported into white neighborhoods to achieve racial integration. the washington post uncovered an interview from 1975 in which than senator biden said, quote, i oppose buzzing. it is an excellent concept. the utility pushes proven to me. he attempted to clarify his position on the debate stage. >> i oppose the busing order by the was of education. that is what i oppose. >> in his memoir he called a liberal train wreck. here is biden in a cnn interview from july 1981. >> the least effective remedy to be imposed is the busing remedy. you have a remedy of ordering construction of new schools. >> biden says busing decisions are best handled by individual communities not federal judges but some of biden's opponent smell blood in the water. >> the next president needs to be someone who can talk openly and

not in the 2000s we should have our own divisor system carl, we have to mention nvidia.ed this you cannot tell whether the disney "star wars" with the storm troopers is the same as the gaming they look exactly the same, which is why nvidia stock is going higher because the ray development -- the chip. unless you've seen it, right now video games you think they look life like. no, this new iteration that jenson wong has, you cannot tell the difference between actors and their gaming version very excited. >> yeah, any gamer knows what you're talking about at 144. reviews for the "lion king" haven't been great across the board but it did have a decent open in china. >> i remain convinced that 38 weeks of the year will be dominated by disney in one form or another fund managers who don't get the consistency of the movie business should really just go into the proctor gamble clorox business because no one has this level of consistency it's never happened that 38 weeks we're going to have to talk -- now, yes, maybe lion king is one that doesn't work, but there will be 38 weeks

converted to c corps and getting high quality dividends while you're waiting looking for the next nvidia is not the space. looking for high quality companies with cash flow they're absolutely a great place to be and especially as they're converting tore more c corps which are more investor friendly. >> mlps have been under pressure and continue to be under pressure that a very brief resurgence in 2015, i just wouldn't do it. >> so basically the logistics issue that has challenged the eastern seaboard for decades still remains in place pad one. >> miami, the main -- but it's gotten worse with the refinery gone and it's not coming back. >> it has worsened but the counter to that has been marcellus shale. >> sure and rail shims >> right, rail shipments, marcellus shale so the dependency for the market -- >> you can't argue -- we got to go they're more important than they used to be for us now. >>> final trades straight ahead on the "the halftime report. defy the laws of human nature,at the summer of audi sales event. get exceptional offers now. ...or trips to mars. $4.95. delivery drones or

gaming so the company we like is nvidia because it gives us exposure to all of those areas it's nearly 50% off its highs right now. they did have issueslast year with their crypto exposure, but those troubles are behind them so looks a good buy at this level. >> crypto's not necessarily the worst thing in the word. so we'll see how that goes thank you very much. appreciate it. for more, head to our website. tyler, back to you >> thank you very much let's go to elon >> the fed has released chair powell's callanders for may and they show a previously undisclosed phone call between powell and president trump this took place on may 20. very brief just five minutes long from 4:42 to 4:47 p.m. and it occurred before powell spoke in florida on the conference on credit markets. there are no details on what was said during this phone call. though it is safe to assume that president trump was the one who called chair powell but again, a new phone call now being disclosed between president trump and jay powell as we know, president trump has been very critical of the fed. powell will be testifyin

i want you to own it or else i wouldn't name my dog nvidia. >> kevin from virginia i want to take advantagethe emerging trends in cloud computing. what are your thoughts on cisco? >> terrific. talking about the cycle maybe turning down chuck robins is a doing a wonderful job. inexpensive stock. i like the dividend and management i say buy, buy, buy. that ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by t.d. round is sponsored by t.d. ameritrade yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ i'm gonna smash him here'sright in the face.. kill thirteen guys in three seconds. i'm gonna drop kick him. him, and him. that's face smash guy. that's drop kick guy. such a diva. >>> for years, literally years we have been waitin

. >> excellent question and thank you for the kind words it's connected see, because nvidia is trying to close the deal with the israeli company and need chinese approval because the u.s. is at odds with china and huawei it's being held up. if it gets that approval, it will revisit the levels we seen before let's go to jeffrey in new york, jeffrey. >> caller: hey, jim, jeff, good afternoon, sir. >> good afternoon. >> caller: jim, i'm reaching out to june 13th there is activity, i followed the trade by buying the stock. a month later they announced a finalized deal with total who will buy 2.5 tons of gas and invested 500 million into the terminal the next day we had the chairman on the show. he was extremely impressive. obviously, one of the architects of modern liquid natural gas world. >> right. >> caller: this wednesday, an analyst came out with almost a 50% price target cut and the stock went from -- or the cut went from $16 price target down to $9. the reason for the downgrade was concern of gas price in the future, however, today just 30 minutes before close, that same analyst an

we are going to be looking at some of the biggest decliners, intel, micron, nvidia, applied materials and marvell technology group. >>> we got the initial fed funds futures, they were possibly pricing in a half point cut at the next fomc meeting later this month. investors now are wondering if it will happen at all. is a rate cut off the table for the end of july? you've got national economic council director larry kudlow that said this morning he still expects a fed rate cut in the near future even as economic data remains strong. >> i think the markets have been predicting that the fed will probably take back its december rate hike which was probably overbaked. kristina: i want to bring in our traders on the floor right now, along with craig hodges. hodges fund portfolio manager. let's start with you, craig. where do you stand? do you see this rate cut that's coming and being already priced into the market, is it 100%? what are your thoughts? >> with the good jobs number, they obviously -- it's not as automatic as it once looked. i think everyone's still looking for that 25% rate cu

as far as what was moving today, same big tech names recently with micron, nvidia, cisco systems, microsoft oil, over $60. we had interesting inventory numbers out there. we were just 56, 57, a few days ago and over 60 now. look at chevron, marathon, moving to the up side. elsewhere, banks, 1.83 -- where are we on the ten-year look, these are big losers by the way, guys, took us five years to get to s&p 3,000, 50% increase from 2,000 to 3,000 all of these banks generally have been notable underperformers. guys, back to you. >> thank you very much bob at this sanny. bond market reaction now from rick santelli at the cme. >> tells you the whole story at 8:30 eastern when the tech was released, you see the way it dropped, basically right back there again. the further out the curve you go, the more different complexion you get regarding reading the markets. ten years, down a basis point. 30-year bonds up a basis point but if you look at the dollar index, it's also hovering at the lows of the day. and i think that's the biggest tell listen, whether you wear a dove hat, a hawk hat or a dunce hat,

finally the h., home depot close followers of my outrageous twitter feed except when i'm featuring nvidia, iknow i didn't initially include the h. when i was noodling on my acronym. you might think i only added the despot because watch sounds better than wa home depot is selling merchandise quickly which is a dream come true for suppliers. a lot of them get terrific deals. if you're a tool or garden company and you don't sell at home depot, you are dead enough said. they can make or break anybody now, is it right that we have a handful of gigantic retailers that can bully their suppliers into giving them better deals? is it anticompetitive? that's not my department you think i'm here to run the justice department i'm here to help you identify quality stocks, like w.a.t.c.h you as an investor need to realize which businesses can scale because those are the ones that win like amazon, like microsoft, like w.a.t.c.h. oh, and just wait until those etf demons take my beautiful lovable acronym and create a security to profit from it they did it with f.a.n.g they'll do it with w.a.t.c.h >>> sherr

lot of big names that are coming off verytough comps, a name like apple, for instance a name like nvidiae are a number of companies that, you know, had really great years last year there was a strong economic cycle. we had tax reform, et cetera so we're seeing earnings in aggregate for the marketplace to be down, but they're a little bit more down for tech and so that, you know, that is part of the reason why the valuations are more elevated i think over the next five years, investors expect much better earnings growth from tech and the broader market this year and next, that's not really the case. >> i want to get your thoughts on the payment space when we talk about high valuations, you take a look at paypal and square, up more than 30% this year, visa, mastercard, as well. do they come down to earth in the rest of the year or keep that run going >> it's very difficult to say in terms of making a sector call. where we found that most evaluated valuations are particularly in mid-cap software right now. and so i think that's an area where, look, there's a move to cloud, there are very ro

for the companies that supply them as well as -- and video which at one point was up eight points nvidia held in the balance i think the chance did improve dramatically after the waway stand of execution that's important is it the end of the trade war no but it's absurd to act like the seize fire on the front doesn't matter only people who don't understand exactly what semis do would think that at the same time, trump gave china a stay of execution in the next round of tariffs, which is something i didn't see coming. many ceos i speak to thought these tariffs were a done deal nope, at least not for the moment the stock market hates the trade war and hates down anything that ratchets down tension with china but to me this seems like a bad deal what do we get vague promises china would make purchases for american farmers i don't know how that happens given the chinese are sourcing crops from other countries they are buying soybeans from brazil now it isn't that easy to switch back still, what drives me nuts is that this market is trying to have it both ways on the trade deal, both negative

. >> since that time, top components, a biomed, nvidia, amd, amazon's in there and so is netflix. >>ure this out nvidia, a handheld nintendo, looks like they may be in it, released today, that's fantastic. lisa su turned around amd in a remarkable fashion these will get them. these will get them. and as long as lisa su is there, there was a piece this morning saying go to the 90s, the print. there is some good ones. >> a lot of people, you know, the sin six would say, well, that's done by the fed. >> people who don't like to make money or people who are really rich. >> 666 in march of '09, i guess it was, our low. >> right, the devil's number yes, if you are really rich and you want to keep people in their chains, as marx would say -- not carl marks, stay away from the marngt people have been wrong they are not early they're wrong. and i found this incredible. maybe because i bank at jpmorgan when you put money in there, they never once tell me it's the fed. >> s&p 3,000 for the first 1,000 point marker in almost five years. >> a lot of rejoicing on the floor. just kidding. >> oh, my

and that has obviously a related effect to nvidia -- >> adobe and oracle seem fine, the early belaerearlylwethee season so just based on that and at least some moderation of those negative trends we saw last quarter, are you feeling -- i'm having trouble parsing whether you're feeling, yeah, there's a soft earnings recession. is that okay is that not okay >> well, okay, let's go all the way back to the beginning of this earnings recession. the fed was tightening a bit even if you look at the qe side of things with qt and tightening, the fed tightened a lot. and obviously, in the industrial sector, we've had a significant slowdown but again, once the fed blinked, it was off to the races and tech has been such the dominant leader over the past number of years. but we are starting to get a point on some of these individual stories that you mentioned that -- i mean, adobe is up what, 50, 60% year-to-date at a certain point, you're going to have to justify that multiple with some really darned good earnings forecast. and so, again, tech isn't a monoli monolith, but it sure has acted like it gi

americans big investment sony $0.10 microsoft nintendo activision blizzard electronic arts amd and nvidia apple all good investments in my opinion long term because if exposure to video games and computers. all right get enough thank you and we are out of time. keep questions coming in that will try to answer and when we can rob i can be accessed via regular e-mail facebook. >>twitter and our website at kron 4 dot com right thank you as always absolutely. >>back to the kron 4 morning news and welcome back to the fog across the golden gate bridge. you may be the wipers coming across this morning. but we can see the traffic a little bit better now and it's looking good in both directions. no problems into or out of san francisco, so it'll be roughly 22 minutes novato to the tolls that's good. the bay bridge traffic doesn't look too good right that this is normal, it's just creeping along still stacked up from the maze. >>i've even though to set the 80 over crossing has filled back in about 10 minutes ago was clearing out. oh look at this person backing up maybe they're in the wrong lane tha

companies like nvidia have tried to use technology to prove the moon landings did happen.ebunking popular conspiracy theory about the lighting in the moon landing images being wrong. well, we decided to do some digging on our own and examine the evidence that proves, yes, human beings have landed on the moon. jonathan swift, the famous novelist, satirist — "reasoning will never make a man correct an ill opinion by which reasoning he never acquired." if someone has an unreasonable opinion about something, based on nonsense, it doesn't matter how much reasoning you do with them, you're never going to reason them out of it, because reason didn't get them there to begin with. there are the famous ones, that you know, the fact that they didn't actually go to the moon, actually launched the rocket and orbited the earth, for a few times, pretended they went to the moon, and came home. oh, radiation, that's the other one. there is no way they could have gone through the deadly van allen belt that surrounds planet earth. there's the anomalies with the photographs, all of which are

inside the portfolio you get companies that are clear plays on this, activision and blizzard and nvidiare to esports and other segments >> that's the problem with the really tight niches here it's tough to get a real pure play what do you have you have electronic arts, act e activision, ten cent not a lot. >> ten cent is 30% of revenues seeing kager of 32%. they own 40% of epic games which is fortnite. depending how deep in the weeds you want to go on this, bob, i think you really do have etfs that can take it further >> gamr been around three or four years that's a broad one interesting about the three etfs out there, more than half of them are outside the united states a lot of obscure japanese companies if you really want to get in on the weeds on some of this, not a lot of people know a lot about. i against the question is, is there going to be enough to justify a real industry? >> that's the case you've got the newer product esports one, espo that has just 25, 26 holdings, so the gamer product has three times that there's a lot of differences inside the porter. vanek is more concen

i would buy amd or nvidia. >> how about a bigger picture read on this we said 10% in the gain?> here is what i take away from taiwan semi, it is a company that guided down a couple of times in the last year and said we have seen the bottom of the cycle and we expect demand to increase in second half of the year those are the sort of confidence and outlook we've not heard from cyclical ceos of companies that's interesting that said, if you look at taiwan semi, it has been amazingly volatile stock since 2018. there's been three peak declines of 20% here so getting back to the prior highs. look what they did there getting back to prior highs, but i think we need some more data on trade before you want to play something like this for a breakout. >> to me i see the whole space as sort of a sentiment trade i'm not of that sentiment right now. i'm nervous about the economy and a trade deal so i'm staying away from the whole space. >> i have a would you rather. >> i love this game. would you rather. >> the upgrade on sty works solution, would you rather skyworks solution or the qualcom

companies like nvidia have tried to use technology to prove the moon landings did happen. swift, the famous novelist, satirist — "reasoning will never make a man correct an ill opinion by which reasoning he never acquired." if someone has an unreasonable opinion about something, based on nonsense, it doesn‘t matter how much reasoning you do with them, you‘re never going to reason them out of it, because reason didn‘t get them there to begin with. there are the famous ones, that you know, the fact that they didn‘t actually go to the moon, actually launched the rocket and orbited the earth, for a few times, pretended they went to the moon, and came home. oh, radiation, that‘s the other one. there is no way they could have gone through the deadly van allen belt that surrounds planet earth. there‘s the anomalies with the photographs, all of which are ridiculous. stanley kubrick directed it in a film set in area 51, somewhere in the desert. the technology to fake the moon landings did not exist in 1969. the technology did exist to get to the moon in 1969 — just. radio: three fe

>> i have been short on nvidia at times. i have never bought netflix. i won't buy netflix.ve bought any microsoft in the last three or four years. i did try ibm but that is not a high-tech stock by anybody's imagination. so the answer is an abundant no. i spend more my time looking what is going on in the corn market, what is going on in the grain market, what is going on in cotton, what is going on in the debt and what is going on in the foreign exchange markets. i leave tech to wiser investors like you and susan li. stuart: come back see us real soon. >> hopefully next week. thanks for having me on. stuart: hold on a second. i have "the new york times" reports there is less chinese money coming into the united states. what do you make of that? >> i think china has its own problems. we should not be surprised there is less money coming into the united states from china as there had been in the past. we know what is going on in hong kong. that is only getting worse we know what is going on in the western provinces. that is worse. they have problems with their houses built o

you kidding me wanted to mine bitcoin wanted to buy the nvidia card.hy can't i get nvidia in here i thought the college represented good roi >> netflix doesn't accept bitcoin as payment, but what do you think of netflix this morning given the performance last night that i think was unexpected >> you know, andrew, when i'm in one of those situations where i like the c.o.o., i come back and say suboptimal suboptimal situation >> is this a blip or a longer term problem >> i never like it when a ceo says, you know what, but the last 72 hours have been great. didn't you feel like that's what he said? hey, the last couple weeks have been good. yeah, look, everywhere they raised prices was even worse they are historically just terrible, terrible at predicting given the benefit of the doubt, when it's down 60. >> we'll see you in a couple minutes. >> ben, i love you >> exclusive interview with the c.o.o. of bank of america later with jim n'mi idot sst. at do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access

shery: nvidia is considering asset sales. after the failed listing of its asian unit in hong kong.iser brewing off or was cast at the last minute and dow jones reports the company wants to raise $10 billion to cut debt. left,ds of brands have leaving more than $100 billion while global the your consumption is slowing. paul: china's top importer of petroleum gas is weighing an ipo of its trading and majestic unit in singapore. aiental energy is discussing share sale for the unit. other exchanges are being considered including hong kong. china's imports have risen more than fourfold. want to turn the fuel into the building blocks of plastic. shery: the markets in japan, south korea, and australia, online at the top of the hour. sophie: taking a look at futures, they are higher in sydney, tokyo, and seoul. s&p minis gaining ground. lots to consider. we have earnings in focus. in japan, hundreds of companies due to report. that has seen some anxiety around investor sentiment. taking a look at a game to risk assets. the yen gaining ground -- losing ground, rather. treasury futures falli

. >>> other chip stocks closing low on the warning include nvidia and micron. >> gentlemen, good afternoonam, i'll start with you are these worries that we've seen today in terms how the semis traded overblown right now? >> i think so. you know, there's certainly some pessimism going into second half 2019 but also green shoots. you saw optimism in microsoft's forecast applying materials, acquiring, some bet on recovery here but regardless whether the recovery starts in the second half 2019 or going into 2020, i think long term the demand is there, whether it's 5g, ai, rising demand on chips >> what's the relevant read across for the u.s. tech names from samsung this morning because, yes, things were down significantly year-over-year but revenue is only down 4% year-over-year both lines beat relative to where expectations had got so are things priced in to the u.s. stocks? >> i'm not sure there's a real broad reed through with u.s. technology certainly one can point to a couple of areas with memory chips what does that say about the supply chain and semiconductors and by extension u.s. stoc

>> nvidia is struggling right here. >> yeah, i know. >> jim, have a great holiday. >> you, too.y i hear this happy further. are we in london or something? that's when we became independent of the british we were slaves of the british. >> okay. we have got a lot more "squawk t see f y sait ahead. and in life. i'm very fortunate i can lean on people, and that for me is what teamwork is all about. you can't do everything yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley. so ...how are you feeling - on a scale of one to five? wait... when it comes to feelings, it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry, clive! actually, really angry. thank you. and seat 36b angry. you're clive owen. and you're barefoot. yeah... there's also apprehension. ...regret... ...relief. oh and ther

. >> and we mentioned the chip stocks already, nvidia and qualcomm to the bottom right at the bottom,ugh, free port and newmont goldcorp, both down over 2%. relating to, of course, the jobs number and the move we saw in the dollar to the upside. >> they have been strong, very recently just leverage plays on the gold price is how they trade on a reflex basis the big tech stocks, not really backing off very -- facebook down almost 1% some effect there, this idea that they have had a very good run and, you know, maybe this is this idea of getting some pushback on the regulatory side. wouldn't make too much of it as a new trend. >> also you got a mixed picture for crude. brent slightly higher. wti, u.s. oil futures are lower. both are lower on the week, despite the fact we had the opec meeting earlier in vienna where they agreed to extend production cuts also the fact that you're back at five year lows in terms of output for the opec cartel gold coming off today, 1394. >> volumes so far the trade here on the big board, 40 million or so we're expecting a light day trade, which is historica

some of the nvidia and lam research, semiconductor names, intel weighing on the dow as well over theone debate, which is what is powell going to do during this testimony during the week here. we got a problem here with the situation with powell. that is the question of how urgent is the need for a rate cut for powell put up the next full screen there. we see the labor market strong right now. we got the low inflation, record expansion over all here. if that's not a victory, i don't know what is for mr. powell. the earnings situation, what is it going to look like in 2019? morgan stanley came out over the weekend a big call saying they didn't like the way earnings were, they think they're too high for the situation if you see here what is going on, 1.6% for the first quarter, and basically flattish for the rest of the year a lot of hope around the fourth quarter, 7% number but they do have a good point. pmis have been weaker recently we have seen global growth basically slower than expectations outside of the united states. so the big question is are they going to be right on that and

nvidia, netflix, still well below the highs they posted in 2018 there is dispersion in technology there's a defensively oriented sentiment that wants bond proxies. >> let's talk about our top corporate story. it is the one and only elon musk, tesla shares are soaring this morning on record deliveries he pulled through, phil lebeau >> he topped expectations on every level in terms of what people were looking for for the second quarter now already there are people who are saying, well, okay, at what price did you have to sell the model three? what will the margins look like? we won't know that until later this month and early next month when they report 2q finltals. they hadry dlefryes of 95 d 200. the model 3, 77,000 of those the model s and x, almost 18,000 when you look at the model 3 deliveries this has been the focus for so many people the estimate was for 74,100 vehicles to be delivered now with the 77,550, and the total number, they need to deliver about 200,000 vehicles in the second half of this year in order to hit their previous guidance between 360,000 and 400,000 vehicles their