robert oppenheimer. the most obvious of which i guess is his work as a physicist, shoved it was to do with understanding the forces that happen inside the center of an atomic nucleus and that his great importance, historically and politically is directing the laboratory that made use of those forces to construct and explosive of previously unimagined power. that is one reason. the other thing, another thing the phrase conjures up that is to do with robert oppenheimer is to do with his background and he grew up in manhattan a member of in some sense an elite but also with a conscious awareness from a jewish family wasn't quite accepted by the establishment of america and much of what he did throughout his life was determined by his desire to get inside the center of american intellectual and political life and also in france he wanted to be at the center if not inside the center of what was happening at all stages in his career and that too had a great influence on various decisions that he made throughou

joshua oppenheimer, welcome to democracy now!thank you so much. >> this is an extending film, a ansterpiece -- and is astounding film. give us the context? explain what happened in 19 65. >> in 1965, the left-leaning government, basically a socialist nonaligned government, the founder of independent indonesia emma was overthrown in a military coup that led to the dictatorship. ongoing corruption continues today. when sukarno was overthrown, the military swiftly went after everybody who was opposed to the new regime and accused them of being communist. of course some were communist. indonesia had the largest communist party that was to achieving political power through the democratic process. they were in a way a non- revolutionary communist party. so they were accused, but also the women in indonesia, their movement, the entire trade union movement, intellectuals and the teachers, and the ethnic chinese , and land reform advocates. within a year, somewhere between half a million and 2.5 million people were killed in what was real

. >> how did i write a biography of oppenheimer? why would it occurred to me to do that. again 12 years ago when i lost the observer newspaper to review a collection of his correspondence and until that point i knew about oppenheimer whether everyone knows about oppenheimer, he directed the las alamos laboratory in a security clearance taken away, he was head of the institution of princeton, that is how i didn't know that he wrote poetry, i didn't know that he wrote short stories, that he was an expert in french literature. that he taught himself sanskrit, that he was deeply interested in hinduism and that he taught himself sanskrit in order to read into classics in the original way wedge. needed to i know about his political activities in any detail in the 1930s or his relations with friends and students and family members, all of which i found fascinating and i said in the review there is a really interesting biography to be written of oppenheimer and after this was published publishers got in touch with me saying why don't you do it and so i did and took me 11 years. i

let's call to the charts and get some answers from carter from oppenheimer. >> just as jackie said, it alters people's plans for driving and it's also going to alter what they do for dining. let's look at cheesecase factory. of late this year the stock is up 33% since january 1 and we've blown through the temperature of the channel. basically it's overdone by this score. here's a five-year chart. i spent a lot of time trying to examine how security responds to its smoothing mechanism. the stock is well above, just as far above as it was the last three or four times it did peak. that's another circumstance that makes the case. here is a five-year chart and it puts in context the recent six-month move year to date. we've broken out from a well defined formation. we believe we've met the objective of that make-up. here's a stock that had an epic plunge and we've recovered archdiocese broken up above the top. finally, another way to draw the lines if you prefer to name your pattern, this is the head & shoulders bottom, this is the neckline. the stock has broken out from the neck line. by m

our thanks of course to carter from oppenheimer. send us a tweet and we'll answer it, on our website, optionsaction.cnbc.com. and tonight, scott's bearish a trade on netflix that can more than double your money. in addition to that, you'll also find educational material and trader blogs. here's what's coming up next. >>> is the era of the blockbuster over? >> no! >> sorry, darth, but mike khouw says yes, and he has a way for you to profit off the next hollywood flop. >>> plus, is the vix signaling a big, red warning sign? brian sullivan, one of the biggest merchants on the street, will reveal what your next move should be. that's all ahead on "options action". [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move fi

let's bring in carter braxtonworth of oppenheimer. he's abandoning his perch at the post to join us on the phone. welcome, carter. where do we go from here? >> sure, i have two charts, melissa. first, what's important, we have almost the mirror image of what was going on at the highs, which is to say when it's quite euphoric, you cannot get anyone to sell, and when it's quite despondent, you cannot get anyone to buy. that's the human condition. and in my work, anyway, we have the latter. people are despondent, enough capitulation, and i think the charts really reflect that. let's look at the one-year chart. and what's most pronounced is the recent aggressive clutch, which has taken place over the last two or twlee weeks. we touched a low of $1100 an houns just last week. we've bounced up, closing around $1225 today. but it's that last tail, literally, people popping up, getting margin calls, abandoning something that has been beloved for almost 10, 12 years. on a longer term basis, if you want to look at the eight-year chart that i ha

. >> peter oppenheimer is talking right now.ed about the strength of the iphone saying the iphone sales were the strongest june quarter on record. revenue was up one percent. he talked about how the company is managing inventories better saying that inventories declined and the june inventories increased by $2 billion or 6%. so that was a point of concern for analysts addressing that inventory management. now, he did say that while the iphone sales decreased, it was ahead of expectations. he talked about the popularity of the iphone it's the most popular let. he said that sales of iphone in japan were up 60% year over year making it the leading smart phone in japan. he addressed the ipad sales, saying they were a tough year and he talked about the sales of the mack. mac sales declined 7 percent. he pointed out it was stronger than expected and is outperforming the decline in the total computer marketplace which indicates that macs are gaining share. a couple moments ago they talked about the success of the new education business

>> i don't think so because of what peter oppenheimer told us. he said it's going to be a busy fall and busier 2014. what he's telling you is we're like a drug company. this is our pipeline. because he's excited about it, that gets me excited about it. i think they actually are going to address a lot of the issues -- >> you have to wait until october -- >> if you wait you're going to miss it. >> i'm not saying to buy it in october but i think we have a lot of time between now and october. there's a lot of time to buy it. you don't have to chase this thing up $25. you can wait for it in the low 400s or under 400s. >> you favor tech. if you favor tech in the second half, you have to have apple as part of your portfolio. >> i think much of tech has given you real reason to worry whether it's going to be the play in the second half. there have been a parade of people who have said tech is the place you want to be and then you get microsoft laying one big fat egg, intel laying a big fat egg. people found some better things in google's report than some

art of oppenheimer funds, and michael of capital innovations and our own rick santelli. good to see everybody. thank you for joining us. michael, let me kick this off with you in terms of clients today. are they putting new money into this market, or are they getting worried about valuations at this point? >> absolutely. i think when you look at the outset, people are checking their inputs, they're looking at risk, at volatility and saying, from an absolute and relative valuation, developed markets look cheap. emerging markets look exceptionally cheap. when you look at some of the sectors, performance today, things like wireless, telecommunication, utilities, they've started to hit an inflection point. they've hit the june bounce and now seeing a july risk on -- >> do you worry some of the emerging markets, their growth numbers have really come down? i agree with you, long-term this is where the growth in the world will likely come from. but, i mean, look at the outflows we've seen in emerging markets because of the growth slowing. >> absolutely. the emerging markets, as

>> let's go to carter braxton worth who has made it in from oppenheimer. we want to know what these stocks mean for the overall market and what you see in the charts. >> sure. just as discussed here. two big names, both of which found all-time highs only to run into trouble. here's boeing, of course, the epic plunge to the '09 low and equally impressive recovery, touches the '07 high. they had a bad earnings report, or in this case, i guess it was a fire. that's ups coming up next. but either way, it's found difficulty at a difficult spot. the next chart, same circumstances. instead of an '07 it was an '04. but a stock having a lot of trouble and returns to the level which made an all-time high and stops dead cold to the penny. now, here is an industrial name that long ago took out the highs that has actually been one of the worst-performing stocks, looks like it's going to get worse. the well-defined lows in effect for about a year here, the stock is toying, hovering at those lows. if you look at this circumstance and put it in the long-term chart, you wi

in the ariel settlement west bank a peace activist yariv oppenheimer believes this is the first step in an effort to pressure israel to give up its expansion ambitions i hope the words were just so coming from europe will be another way to pressure the israeli government to make it very clear to the very public that their world is supporting israel but their world will not so called israeli occupation in their worst burn and israel has to find their way to stop the occupation in their. otherwise we will find ourselves right the mood more sanction and even maybe a boycott about the against israel that i'm against but this is maybe the next step so i think that today moyes israelis understand the need. to restart the negotiation and to find a solution to the conflict i hope to together with american pressure and european pressure there will be some kind of result and we will see the restart of the negotiations in the next couple of days. not only on air but also online we have plenty more stories for you on our website including spying by law the british parliament is to hold an inquir

controversy over the amount to the erage worker anin this case in at context don't be too hard of oppenheimerid a lot of tax dodging. bute made it a genius move to issue the bonds at extremely low rates. if you look at the amount of where they have lost of value that is about 10 times his annual salary. he already earned 10 times that compensation and is every of the year so it is exaggerated that the year before he did not make that much, a few billion dollars it is exaggerated in the sense he is not getting the $68 million every single year. he has earned his keep this year. melissa: the key for coming. edward snowden is striking out. desperately sending out asylum request to countes around the world but he does have support of roseanne barr. we have a call in "spare change." you can never have too much money. ♪ melissa: we have breaking news right now before we get to the normill "spare change." about obamacare that penalties for large employers are delayed. it was supposed to start 2014 but the administration says for larger employers that don't provide coverage coverage, instead of penal

controversy over the amount to the average worker and in this case in that context don't be too hard of oppenheimerid a lot of tax dodging. but he made it a genius move to issue the bonds at extremely low rates. if you look at the amount of where they have lost of value that is about 10 times his annual salary. he already earned 10 times that compensation and is every of the year so it is exaggerated that the year before he did not make that much, a few billion dollars it is exaggerated in the sense he is not getting the $68 million every single year. he has earned his keep this year. melissa: the key for coming. edward snowden is striking out. desperately sending out asylum request to countries around the world but he does have support of roseanne barr. we have a call in "spare change." you can never have too much money. ♪ ♪ take me into yo darkest hour ♪ ♪ and i'll never desert you ♪ ♪ i'll stand by you yeaaaah! yeah. so that's our loyalty program. you're automatically enrolled, and the longer you stay, the more rewards you get. great! oh! ♪ i'll stand by you ♪ won't let nobody hurt you ♪ isn't t

today oppenheimer comes out and ground graded sales to walmart. i don't think lost sales to walmart are lost sales for soda stream. >> look. you know, you made a good brief for this stock. this stock has ripe for a sell-off. everyone thinks coke or pepsi will buy them. i think that's highly unlikely. i think bed bath is selling a lot of these. not necessarily leave it to walmart. there are a lot of stocks that i think are cheaper than soda stream. the fury of earning season is upon us. resist the urge to get swept up in the headlines, yes, the excitement. so stop, look and listen to the conference calls. and stick with cramer. >> coming up, how high has the market once again recovers at all time highs, fear of a pullback is top of mind. tonight, cramer is getting technical to find the signals that could point to the next move when he goes off the charts. >>> and later, bank barometer. >> america is going to come back. it's going to blow people's socks off when it does. >> two of the banks in the country beat the streets this morning. so what does

it was downgraded today but brian nagle from oppenheimer upgraded it yesterday.thony, first to you, the stock appears to be moving on your downgrade. why the downgrade? >> well, for the most part this was based on valuation. the stock had had a really nice run. it was up about 37% year to date and outperformed the broader market indices, and we just kind of felt like upside potential and downside risks were fairly bounced d.have fundamental concerns particularly with online competition but this is more of a valuation downgrade than a fundamental downgrade. >> brian nagle on the phone, you heard anthony's reasons, right? i'm sure you know and respect each other greatly but why is he wrong? >> i do respect anthony and we've known each other for a long time. i view as still inexpensive stock here. this is one of the best-run companies in retail. what's interesting to me, there's a look at the second quarter here, so on a february year end, so second quarter ends in august. to me, it's a key turning point, because they'll start to lap past a number of the investments

and on the fundment yl side, jason covering the nim for oppenheimer and company.you reiterated your outperformed rating. so was this report a game changer for you? >> look, you know, we always felt there was an opportunity for mon monotising. it is a third of the level of yahoo! on the display side. we think this quarter, the company grew organic advertising. 63%. that's up from 43% in the first quarter. we think that got a lot of people's attention. >> okay. rich, what about that chart? is this game today a launch pad for bigger things to come or not? >> it certainly is, bill. we see significant upside today's action was a technical game-changer. when we bring up that chart you will see buying a stock is not an early call but it is the strong call. after losing 61% and three months of that ipo we settle no a textbook symmetrical triangle or coil. now we have run into resistance of $32 in the past but today break through from that coil releasing that energy and taking out that key resistance. i think that sets the stage for advance up to $50 a share. i would be a

. >> let's go to cnbc contributor and brian from oppenheimer funds.ohn, how much higher to with he good? >> bill, i'm very bearish on oil. i think we might have scent top here. might have installed a double top today's price action. as bertha said, pipeline headline risk. major pipeline, causing selling here today. but so this is still rippling through the pump, bill. we could push up against 375, 380 on national average. much higher than other spots, obviously. but that's what we are looking at in the near term. >> brian, my question is the impact of all of this. the last time we saw oil at these levels, it did put a crimp into the economic recovery and i'm wondering if we're already -- we have gone down that road. how significant is this move to the recovery in terms of zapping consumers ability to spend? >> it certainly matters. when you look at consumer confidence report from a month ago, that is before we saw volatility in the equity markets and before we saw the recent move in oil and gas prices. we were feeling better. but any time you are in r

on the technicals, richard ross, and on the fundamentals, we have brian bentner of oppenheimer.an, starbucks beat earnings, raised full-year guidance and introduced some new concepts, and is that enough to make you a buyer? >> we've been recommending starbucks for quite a long time. it's had a terrific run representing the awesome business fundamentals. but we do still like it here. it's really threefold. number one, we think the street really underestimates the improving sales trend. i think when you look at the food that's going to be coming into starbucks' stores, it's not fully representative in estimates out there. number two, look at coffee. i would say, you know, to the viewers, look at the coffee chart over the last 18 months. it's really divebombed. that's going to drive margin expansion, and i think it will drive visibility in some of the best eps growth in restaurants. number three, i think there's a balance sheet catalyst coming. i think this is an underutilized balance sheet. i think they can lever up, potentially buy back a lot of stock, or really up the dividend r

our "closing bell exchange" welcoming jerry from oppenheimer and rich peterson from s s&p capital, and enjoying the lovely day. jerry, we've noticed -- >> beautiful. >> isn't this great? good for you guys. we've noticed in the earnings reports once again for another quarter, jerry, good on the bottom line, but what we're calling a revenue recession. why are revenues so light again, do you think? >> you know, it's really hard to know. i mean, everybody says margins can't be sustained where they've been, where we keep doing better on efficiency, but we're not seeing a lot of top-line growth. i think the consumer confidence number, i think, helps us. household wealth being a little bit better with the housing market. going into the third and fourth quarter, i think we'll see a pickup in revenue. but clearly, consumers have been conservative, and especially businesses have been very careful about capital investment and about hiring, and that's, i think, ckept revenues down even as businesses are making good money. >> what will it take, rich, to move the needle on that? jerry makes the righ

carter is chief technician with oppenheimer, and the fundamental side is anis.you. carter, the charts here. how does it look to you? >> a great winner here today, up to date 80%. the long-term chart is important. the strength of the past six, seven months, it took place exactly at the '02 low. this is a dot-com darling that plunged from 70 to almost 10 in '02, and it found that low again just six months ago. and it reacted perfectly to that low, bouncing from the 10, 11 level to where we are now at 26. if you look at the day-to-day chart, this is what's really very impressive, too. how persistent and orderly this has been. the recovery of the past six, seven months is the symmetrical move to the preceding weakness. most people are bearish. lots of sales, holds, no one likes it, and it works. >> are you a buyer then? >> buyer. >> i think carter is one of the best technicians around, but i disagree with him on this stock. the issue for hewlett-packard on the fundamental basis is the biggest problem, if you look at the stock, is they're sacrificing future earnings

oppenheimer says it's advising investors to stick with u.s. centric stocks because of the relative strength in the u.s. economy. risk aversion among thorn investors and the likelihood that any european economic recovery will continue to trail the u.s. by one to two years. to see if this trend continues, analysts will be watching netflix, ryder, ford and eli lilly which make a significant amount of revenue in the united states as well and report earnings next week. >> seema, you cover nasdaq for us. two of the big nasdaq names, microsoft and google, had their own little issues. speaking of thorns in the earnings patch. >> absolutely. >> yesterday. they had misses. both stocks down today. microsoft having actually it's worst day since i believe 2009. i might need to check that, but look at those numbers. down $4 on microsoft. that's a lot for a $30 stock. down $14 on google. that's a pretty good amount on a $900 stock. what's going on here and what do their individual numbers say, if anything, about the technology sector? >> absolutely. it was d

there is a comment here in the release, cfo oppenheimer saying they generated $7 billion and are pleasedbillion in cash through dividends and share repurchases. in this release the board of directors announces the regular cash dividend of $3.05 per share. but i bet people are wondering what else apple should do with that cash. >> they should buy detroit. >> twice. tim, what do you think they should do with the money? >> we would be happy to take it as shareholders. >> okay, so you would like a bigger dividend? >> we really don't care which way they pay it back, a bigger dividend, stock buy backs, any anyway that they can p continue to be shareholder friendly. as to whether we like tim cook, we have's seen more return to shareholders under his regime at apple. >> anyway hanehal, what do you >> buy backs are good if you have good reason to believe that your stock is undervalued and that is going to be a massive boone to investors. >> with $146 billion should they be doing that right now? would you like an announcement of increase in the dividend or increase in the buy backs? >> absolutely.

oppenheimer says given that india is the top buyer of gold, its consumption of the shiny metal is vital to keeping global prices stable. however, if india buys less of the yellow metal, which morgan stanley's head of emerging markets says it perhaps will, it may actually be good for india's current account deficit, as the money taken out of gold will likely be reinvested back into india's economy. while analysts say they will continue to keep a close eye on india, they're also watching china, which over the past couple of years has been increasing its purchase of the shiny metal. maria? >> all right. seema, thank you very much. the duel over dell has now entered a new chapter. carl icahn has upped his financing for dell, which could throw cold water on michael dell's plans to take his company private. coming up, don't miss david, joining me, along with the billionaire investor carl icahn, to talk about his plans for dell. you'll only see that here next. >>> but up next, ceo pay is back on the rise. wait until you hear what the median pay for last year was for the nation's top executives

soda stream is fizzling, oppenheimer downgrading the stock to perform from outperform saying it expects choppy second-quarter results. "street signs" will have more on soda stream in the next hour. >>> and u.s. airways shareholders approving the carrier's plan to merge with american airlines clearing another hurdle. the merger was announced in february and is expected to be completed by the end of september. sue? >> ty, believe it or not, next week marks mary, as mayer's o one-year an verse. what are the challenges facing her and the company going forward? jon fortt is here. many didn't think she would engineer an improvement in the stock. >> she's communicated a vision and set expectations low and generating the right headlines at the right time. even dealt with some setbacks, remember the blowback when she killed telecommuting richard bransoned who offered his two cents. 85% approval. the challenge in the next year is going to be getting the fundamentals to catch up with the hype. yahoo! sales are flat compared to last year's levels, though wall street is hoping for a guide to about a

on the technical side, carter wirth, chief market technician at oppenheimer, and steve cortese.er, we realize, it's a thinly traded stock, low volume, so it will probably be volatile at the same time. do you like the chart? >> (unintelligible) -- underlying in japan liquid. in this case, as you cited, it's very close to all-time highs. that's what's appealing here. the all-time high was back in february 2007 at 138 on the adr, symbol tm, and here we are at 130. what's most important is a lot of momentum in the group. if you were to look at how this stock is tracking with ford and general motors, for instance, these are all north by northeast and up to the right. some of the best moves in markets history shows when you have an individual stock in a group that's also acting well, and that is the case in point here, at least by our work, we like toyota on the long side. >> okay. >> if you see a comparative chart, it's quite well how well it's done compared to the s&p. >> okay. steve? >> bill, you know, i think that really it's important to look at what is toy great that really. it'

. >> oppenheimer, upgrading cabot oil and grass from outperform to perform noting the reserve and its potential in the marcellus. so far the shares of cabot oil and gas up more than 50%. do you agree or disagree? >> i'm going to agree with the analysts, the cabot oil and gas, focusing on the gas, hit the nail on the head with the marcellus, observe 200,000 acres in the northeast pennsylvania area. that's the sweet spot. we're seeing natural gas stabilize at the 3.50, $4 level. 52%, 7% per quarter subsequently so we really like this play here. a lot more room to run and they have a great, great piece of property in the marcellus. >> and we give kilburg credit for the idea of the day and that's to turn the choice for the next fed chief into an america's got talent competition. i think howie mandell, mel b. and howard stern really should make the decision here. >> and it would be killer. >> that would be -- killer from kilburg. all right. $136 million in jewels stolen from one of the world's most glamorous hotels in broad daylight over in cannes, france. that's coming up right after the

let's look at the technical side of the story, chief market technician at oppenheimer, and mark is thete director at the oxford club. mark, are you a buyer here? tell us about the fundamentals. >> i don't think it moves the needle very much, maria. it's tough enough to get a reservation these days at mediocre restaurants. i'm kind of skeptical. i think it will be very difficult for the average groupon user to get a discount on a regular basis. regardless of the new reserve product, the numbers are not very impressive. gross billings were up only 4% in the first quarter year over year. revenue growth was up less than 8%. you know, that's not -- that's not a good number for a company like groupon. if this were a mature company paying a nice dividend yield, maybe the numbers would cut it. but for a young, technology, growth company, those numbers are not acceptable. especially when you look at the valuation. it trades at 30 times 2014 projected earnings, 30 times cash flow. so i would not be paying that kind of valuation for the kind of performance groupon has been putting in. >> so are y

another phrase comes that to do with oppenheimer. and do with his background and sense -- i'll talk about it in a moment. he grew up in manhattan. a member of some sense an elite. a jewish family. he wasn't quite accepted by the establishment of america. much of what he if throughout his life by his desire to get inside the center of american intellectual and political life. and also in since he wanted to be at the center if not inside the center of what was happening at all stages in his career. that had a great influence on the various decisions he made throughout his life. he choose to do one thing rather than another. it would place him inside the center, so to speak. and then the final full phrase inside the center comes relevant to my effort in writing the biography is that i wanted to essentially get inside his mind putted to write about a biography that tried to draw all the thing i found in the correspondents the political involvement. the challenges to bring it together. and describe, you know, what was motivated him. the w

oppenheimer is out with a note saying restructuring of the network and balance sheet remains on trackght now. kelly, back to you. >> all right. thank you, josh. blockbuster comments from a saudi prince who says north american shale oil is a threat to saudi oil production. what it could mean for the future of middle east policy when we come back. golden opportunity sales event and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. ♪ a quarter million tweeters musicare tweeting.eamed. and 900 million dollars are changing hands online. that's why the internet needs a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this ...is going to be big. it's time to build a better enterprise. together. [ male announcer ] come to the golden opportunity sales event to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the pursuit of perfecti