so what lessons did we learn from oppenheimer. we still refer to a massive effort to the use science and government and business to come up with a solution of the world's problems. they say, well, we need to do a manhattan project on this. so we still have that in the back of our minds, that there is this almost impossible female that was accomplished by -- feat that was accomplished by dedicated people working hard to come up with something nobody else had ever done before. so we still take lessons from that and from oppenheimer's leadership in that. st a mixed legacy. partly it's a mixed legacy because of -- [inaudible] partly because of the nuclear power plant accidents that have happened, fukushima, chernobyl, three file island. partly -- three mile island. partly because of divide opinions of the public, of looking at people who work at los alamos as either saviors of our democracy or shadowy figures who have their fingers on armageddon. i mean, it's a complicated thing to try to wrap your head around. and a lot of times ther

oppenheimer was the father of the atomic bomb. he directed the civilian laboratory during when lauren -- world war ii. nobel prize-winning scientist and engineers, military personnel, and civilians who worked on the atomic bomb project. greeceback to ancient have been wanting to split the atom. they talk about the indivisible part of matter. that is a concept that has been around for a while. humans still haven't seen in adam. it is so small. it wasn't until the end of the 19th century that scientist at it to be able to tinker with matching things together and figure out what came out, like you smash a car together and the carburetor comes out. we know that is something in a car but we don't know -- in a very basic way, that's what atomic physics was about. in 1938, two german physicists working in berlin bombarded this lump of material called uranium and they got the clearest result. it released a lot of heat. a different element, one of was farther down on element table. the word about this spread through the nuclear physics tha

jonathan: that's the view from krishna the money from oppenheimer -- krishna money from oppenheimer fundsyou are sticking with me along with mary bowers and bryce doty. coming up, the auction block. u.s. treasury boosting long-term debt sales to the highest level since 2010. that conversation is next. this is "bloomberg real yield." ♪ jonathan: i am jonathan ferro. this is "bloomberg real yield." i want to head to the auction block now, where we start in japan amid a volatile week. a 10-year debt auction saw a anderage bid to cover ratio pricing that was weak. the difference widens to the most in two years. elsewhere over in europe, daimler injected life into the region for the sleepy primary bond market with a 3 billion euro deal a week after reporting sales that missed the lowest estimates. it tighten prices across the three branches by as much as 17 basis points. and finally, here in the united states, the treasury said it will raise long-term debt issuance to $78 billion this quarter. it is also launching the third -- a new two-month bill. it is the third consecutive quarterly increas

and in the next slide, we see oppenheimer, the young man. slenderly built with intensely blue eyes, friends thought him , quote, "both wise and terribly innocent." he was also sensitive, conceded, neurotic, but charismatic. passionate about physics, he was sessionsance man with ranging from hindu philosophy to dante's "inferno." admired lawrence, his unbelievable vitality and love of life. they socialized and womanized together, drinking oppenheimer's famous frozen martinis from glasses rimmed with lime juice and honey. and eating his specialty, the spicy indonesian dish nasi goreng. soon nicknamed "nasty gory" by oppenheimer's friends. they also went riding. as we see from this next shot here, that photograph of the time shows lawrence tall, sturdy , smiling. oppenheimer, over on the left here, with a phrase -- frizz of dark hair, his slider frame clad in heeled mexican boots and wearing tight jeans, and with a quizical yet dreamy expression. i think that he resembles a young bob dylan. now, lawrence and oppenheimer, they attended weekly se

. >> oppenheimer was the father of the atomic bomb. it directed the civilian laboratory at los alamos and under his leadership, he directed nobelprize winning engineers , military personnel, and the civilians whoworked on the atomic bomb project . he later thought of the bhagavad-gita, the holy book of hinduism that now i am destroyer of worlds. >> we begin our literary tour with author jim eccles on the history of white sands missile range. >> i worked in the public affairs office for a few years and came in 1977 as an army intern and this was my permanent duty location and i served 30 years, retired in 2007. working in public affairs in this place where all this stuff is going on, you get exposed to lots of questions. i had to do tours, answer news media questions etc. and i didn't know anything when i got here so i have to find out this information. have to find out the history of the place because it's got quite a history here like the bomb explosion, like the indians here, etc. so for a long time i would collect this information s

now, lawrence and oppenheimer, they attend the weekly seminars, and oppenheimer, of course, the scientific head of the u.s. atomic bomb process, amazed everybody with his ability to assimilate new ideas. his extraordinary memory and the fact that to quote a contemporary, he knew more experimental physics than even the experimental physicists did. in 1932 he we want to his -- wrote to his brother that "we are busy making -- sorry -- we are busy studying nuclei and neutrons and disintegrations trying to make some peace between the inadequate theory and the absurd refrl useary -- revolutionary experiments. " just as oppenheimer had hoped, atomic physics was by now no longer europe's exclusive reserves. on a visit to berkeley in 1933 john cockashcroft was startled to see it run more like a factory than a laboratory. in his words, the experimenters were divided into shifts. maintenance shifts and experimenters. when a fork developed in the psych lowtron, the maintenance crew rushed forward to plug the leaks and fix the fault at which point the operating shift rushed in again. it was far removed

oppenheimer lost his security clearance in 1954. this is part of an effort by president kennedy in people in the white house staff to initiate some sort of public redemption. there he was released from political purgatory and this is part of a two-step process later on the following you he was given -- selected for the word that presidentr kennedy. other people at the dinner who were significant, and it was just such an incredible list of people included james baldwin. james baldwin had met robert kennedy that night for the first time, and that president kennedy as well. in a year later they got together and had the spirit acrimonious meeting on civil rights i in new york, which assembled a small group of african-american leaders including haricot funny and the reina hansberry and others. he was identified by some as the most contentious meeting they'd ever seen and this was significant because it has been location for basically hoping robert kennedy understand better the concerns of african-americans on issues of segregation and ot

oppenheimer still had top security clearance so what to do about that? a couple days before christmas in 1953, louis strauss had oppy come into his office and say, you know, there's this report about you and we're going to have to remove your top security clearance, and you can either go quietly and nobody will know, or we can have hearing. but this was in a way a public humiliation. supposed to be secret. soon after it ended, the 997 page transcript was released to newspapers. it was made public so that everybody heard what hat happened with oppenheimer. and that they didn't ever prove he was a security risk. the second charge against hem was that he advocate against the hydrogen bomb, and he did say that hydrogen bomb was -- atomic bombs were powerful new hampshire hydrogen bombs are a thousand times more powerful than what was dropped in japan. so oppy was against the high dre general bomb. did he try to coordinate scientist not working on it? that was the charge. he might have talked to some people, saying that atomic bombs are powerful enough and do

robert oppenheimer, the cold war in the great west. >> when oppenheimer first brought history to cal tech and then to new mexico, he changed particularly new mexico. it brought this state that was poor, had very little infrastructure and put in the middle of it this federally funded facility that just transformed the state. >> announcer: then author martha andrews discusses the roles of western frontier women in her book "out of the shadows: the women of southern mexico." we visit the white sands missile range museum. >> the testing that's been done out here, people think it's been mostly military testing, but it really -- it's involved a lot of civilian uses as well. a lot of the rockets that are fired out here even today are sounding rockets used to do upper atmospheric research. that's still a big program out here. >> announcer: then a tour of fort selden, a u.s. military outpost located near the rio grande river established to keep peace in the region. watch c-span's tour of las cruces, new mexico saturday on book tv and sunday at 2:00 p.m. on american history tv on c-span3, work

j robert oppenheimer, the cold war and the atomic west. >> when oppenheimer brought nuclear physics to the west, then to new mexico, he changed particularly new mexico, they brought this state that was poor and had very little infrastructure and put in the middle of this a federally funded facility that just transformed the state. >> author martha andrews discusses the role of frontier women and the book out of the shadows, the women of southern new mexico on sunday at 2 pm eastern on american history tv. we visit the white spent -- sands missile museum. >> the testing that was done here, people think it has been mostly military but it really involves a lot of civilian use as well. a lot of the rockets that were retired out here are today county rockets. they are used to do upper atmospheric research. that is still a big program out here. >> a tour of fort selden, a military outpost located near the rio grande river watch c- span city tour of loose crescent -- las cruces at noon eastern on book tv. working with our cable affiliates as we explore america. >>> next virginia tech history

explores theunter impact of the manhattan project "jnew mexico in his book robert oppenheimer: the coldwar and the atomic blast." >> when oppenheimer brought nuclear physics west first of berkeley and then caltech, and mexico, he changed particularly the mexico -- new mexico. he brought the state that had very poor infrastructure and put in the middle of it this federally funded facility. it just transformed the state. >> author martha andrews discusses the role of western frontier women's in her book "out of the shadows: the within of southern new mexico." the white house and missile range museum. >> the testing that has been mostlyeople, think it is military testing. there are a lot of civilian uses as well. donding rockets are used to upper atmospheric research. it is still a big program. >> then, a tour of a u.s. military outpost located near .he rio grande river -- cityspan city tours stores of las cruces, mexico. tours of las cruces, mexico. >> next on lectures in history, texas a&m university professor lorien foote teaches a class about popular culture during the 1840's. she talk

john hunter explores the impact of the manhattan project in his book "j opera oppenheimer." >> when oppenheimer brought nuclear physics west, first to berkeley and caltech, then to d,w mexico, he change particularly new mexico. poor,is state that was had low infrastructure, and put in the middle of it the federally funded facility that just transformed the state. >> author martha andrews discusses the role of frontier women in her book "out of the shadows, the women of southern new mexico," sunday at 2:00 p.m.. we visit the white sands missile range museum. >> the testing that has been it has been think mostly military testing, but it is involved a lot of civilian uses as well. a lot of the rockets fired out here are sounding rockets used to do upper atmospheric research. that is still a big program. sheldon, tour of four a military post located by the rio grande river to keep peace in the region. watch c-span cities tour of las cruces, new mexico, saturday at noon eastern on c-span two's book tv, and on c-span3. working with our cable affiliates as we explore america. >> next week on american

that was jeff lipton over at oppenheimer and co. vonnie: thank you, taylor riggs. is at a record.y had their best third-quarter ever, according to ceo tim cook. we look at the numbers next with janus capital. this is bloomberg. ♪ live from new york, i am vonnie quinn. caroline: live from london, i am caroline hyde. this is bloomberg markets. let's check the markets because we have a split performance across the atlantic. we are up in the u.s., apple helping rally up higher at a record high. meanwhile, the stoxx 600 off in europe with miners getting crushed between concerns with the u.s. and china. we see the 10 year yield up ahead of the fed, up 3. vonnie: inventory rose last week. we were looking for a drop we 3.8 millionof barrels. the previously, we had a drawdown of 6.1 million barrels, so it was a reversal from the previous week. crude oil right now carried the declines. other refinery delights nation. it was 2.2 percent. the market was looking for 2.7%, so refinery utilization ramped up. ..98 million barrels gasoline inventories was a drawdown, 2.5 million barrels. a never-e

in his book, j robert oppenheimer, the cold war and the atomic west. >> when oppenheimer brought nuclear physics west, first to berkeley and to caltech, and then, to new mexico, he changed , particularly, new mexico. he brought this state that was poor, had very little infrastructure, and put in the middle of that, this federally funded facility, that just transformed the state. >> then, arthur -- author martha andrews discussed the roles of frontier women in her book, out of the shadows, the women of new mexico. on american history tv, we visit the white sands missile range museum. >> the testing that has been done out here, people think it has been mostly military testing, but really, it has involved a lot of civilian use as well. >> a lot of the rockets that are fired out here, even today, our sounding rockets. used to do upper atmospheric research. that is still a big program out here. >> then, a tour of sports filton. the u.s. military outpost located near the rio grande river, established to keep peace in the region. watch c-span cities tour of lost cruises, new mexico. saturday at

. >> when oppenheimer brought physics to berkeley and caltech and then new mexico, he changed. it brought this state that had very little infrastructure, and put in the middle of them a federally funded facility that just transformed the state. >> the testing that has been done out here, people think of military testing that really it involves civilian uses as well. those rockets that are fired out here are rocker -- rockets for upper atmosphere research. that is still a big program out here. . . . . a i have nav leader that under the right policies that provide economic opportunity and freedom and incentives we can grow the american economy at least at its historical rate switch since world war ii from more or less 1950s we grew 3.5% a year after inflation and i see no reason why we can't replicate that with policies.

his book is j robert oppenheimer, the cold war and the atomic west. >> when oppenheimer brought physics to berkeley and caltech, and then to new mexico, he changed, particularly new mexico. he brought a state that was poor and had very little infrastructure. and he put in the middle of this state. >> author martha andrews discusses the roles of western frontier women in her book out of the shadows, the women of southern new mexico. on sunday at 2 pm eastern on american history tv, we visit the white sands missile range museum. >> the testing done out here, people think it has been military testing. but it is involve dish involving civilian use as well. a lot of the rockets fired out here, even today are sounding rockets. they are used to do upper atmospheric research. that is a big program out here. >> a tour of the u.s. military outpost located near the rio grande river established to keep peace in the region. watch the tour of loss creases, new mexico saturday at noon eastern on cspan2 book tv . working with our cable affiliates as we experience america. >>> there are lots of people w

." >> when oppenheimer brought nuclear physics west first to berkeley and cal tech, and then to new mexico, he changed particularly new mexico. it brought this state that was poor, had very little infrastructure, and put in the middle of it this federally funded facility that just transformed the state. >> then, author martha andrews discusses the roles of western frontier women in her book, "ought of the shadows: the women of southern new mexico." on sunday at 2:00 p.m. eastern on american history tv. we visit the white sands missile range museum. >> the testing that's been done out here, people think it's been mostly military testing. but it really -- it's involved a lot of civilian uses, as well. a lot of the rockets that are fired out here, even today, are sounding rockets. used to do upper atmospheric research. that's still a big program out here. >> then, a tour of ft. seldon, a u.s. military outpost located near the rio grande river, established to keep peace in the region. watch c-span's tour of new mexico, saturday at noon eastern on c-span 2's book tv and sunday at 2:00 p.m. on a

one is cris of oppenheimer funds. we asked them whether either side has room 0 rub.e a listen to what they have to say. >> i think the leverage lone trade is not going -- because you are going to make a money -- a lot of money on it. you get decent income. if things turn south, then the protection you have because of seniority is going to be very significant. i think it is fair to say that the supply of loans has been somewhat of a problem where you see lots of issuers coming into the marketplace who wouldn't have come in normally. but i think if you have an actively managed fund where you pick the right securities in a down cycle, loans will distinguish themselves. >> how did that work out in 2018? not very well. high yield was down about 26%, and loans were down 31%. we are just seeing the pattern we have seen over the past few years. it is that companies that really should be coming to the high yield market and issuing at 6% to 8%, go to the lone market because the financing is much cheaper there. people think we are talking about the same universe of companies. w

about weinstein while reporting for the network and, of course, both nbc news chairman andy and on oppenheim come under fire for reports that both were involved in the decision not to run farrow's story. former producer rich mchue says something else had to be going on because you never let an explosive story walk out the door. plar that? >> martha: interesting that he decided to leave. trace, thank you very much. here now mark steyn, journalist and political commentator. mark, good evening. good to have you on the story tonight. you listened to trace's recount of what we know so far in this story and that this producer just left one more quote i want to get your thoughts on rich mchugh telling the "new york times" that weinstein associates were trying to squash the story and he said external liver i had weinstein associates calling me repeatedly. i knew that weinstein was calling nbc executives directly. one time it happened when we were in the room. what are your thoughts on all this, mark? >> yeah, that's how he did it that's how weinstein operated. if it worked for him in los angeles and

. >>> oppenheimer thinks the trade fight with china could hit ffany and the firm is downgrading the jewelerm outperform t perform. the analyst still likes tiffany's long-term prospect, but is concerned about short-term currencyluuations particularly a devaluation of the yuan, which could impact tyi power of chinese tourists here in the u.s. the price target was kept at 1.45. tiffany finished at 134.34, down 2% today. >>> j.p. morgan is shares of campbell's soup from neutral to underweight. the analyst there sees a potential sale of the company as an unkely outcome. you may remember last week a report surfacedaying that kraft heinz had started exploratory talks about buying campbell'soups. campbell closed at $41.35 off more than 2% today a suntrust is initiating coverage of online personal shopping service stitch fix. it's got a buy rating now. the firm says stitch fix is the leading pure play in the sector and should contie to outperform expectations. priceart set at $38. in a down day shares finished at $33.31 up about 5%. >>> tesla is reportedly lking for a wide pool of investors to back

. >>> yum china's rating downgraded to perform from outperform at oppenheimer. the analyst cites headwinds at its kfc brand. he says same-store sales improvement could takeeveral quarters. 34.86.ock fell 1% to diaz w's rating cut to negative from neutral at susquehanna. the analyst cites margin rressure from its loyalty program and hig costs. the price target is $22, the os stock fell a 5%, $26.49. >>> farmers are spendingoney on machinery despite trade concerns. and that's good news for deere. >>> with many farmers growing concerned about rising tariffs, many wall street analystspe ed that would negatively affect deere's latest result turns out the equipmentmaker said demand is still strong and that helped lift the stock. morgan brennan digs deeper into deere's report. >> reporter: dte trade tensions, john deere saying replacement for big agricultural equistent is bg sales and expects that at least for now to continue. on a conference call with analysts, chief financial officer raj kalisor gave an upbeat outlook. >> grain needs to grow consistently even with tr

tesla was upgraded to outperform from oppenheimer following its earnings rept we told you about last. margins st cites gross for the model 3 and says that average selling prices remain stable and elevated. e price target is $385. shares soared 16% to $349.54. >>> mining company freeport-mcmoran was upgraded to neutral outperform at bank of america merrill lynch. the analyst cited the stock's valuation and a better outlook for copper pces. the price target $17. despite the upgrade the stock closed down 1% at $15.43. wendy's was dowraded to neutral from the equity research. the analyst cited the channel checked that its been doing and expectations for same-store sales and wendy's is scheduled to report earnings nex week. the stock fell about a fraction today to $16.65. still ahead, fees fight. why it's costing less and less to invest. ♪ ♪ ♪ ♪ >>> cbs reported better-than-expected earnings and revenue in the second quarterhanks to growth in its streaming services and higher ad sales. the result, however, were, of course, overshadowed by the recent sexual harassment allegationsgainst ceo

no oppenheim is a screenwriter and you know his spare time he wants to try to get into hollywood into certain things so maybe he knows no way a maybe he knows other people a b. c. so he probably had a direct line to say as a way to me what's going on with this was going on with there and they're probably given him certain pieces of information because the people at a.b.c. don't want to bring it relationship because they when he gets out he would in if you make weinstein look bad they may not just be him you've got to worry about there are others in hollywood who may not like that scene which so again this goes back to entertain made history a lot of them know each other they're having to get there and they protect each other so it makes sense for weinstein to have their direct line of communication. now we've seen the massive fallout from this story what kind of backlash do you think and we see might face if this turns out to be true. well they will face some backlash for those of us that are kind of conservative those of us they don't like what they're doing you have to understand th

everything changed and no oppenheim the head of n.b.c. news suddenly said that does anybody really really care about harvey weinstein so something if this is true something really went on at n.b.c. if these accusations turn out to be true what are the possible consequences for n.b.c. . well i got to tell you you know who legally killing a story for whatever reason. i hate to say it it happens all the time i mean i've been in this business for over thirty five years and lots of times over the many many years although interesting enough not at r.t. but interestingly enough people have told me oh don't go there don't do that calm down on that so that's not unusual it might be disturbing thing and should be disturbing to the viewers of n.b.c. when it when this story gets out if this is true so public relations wise it's a killer but if he was threatened by the chief counsel chief legal counsel of n.b.c. news in that to begin with with you know destroying his person on a and sliming his reputation even after he left and be eighty then he might

friday after the second quarter earnings report and forecast gave analysts at rbc capital market and oppenheimeronfidence for the stoxx citing the transition and subscriber growth. the ceo of autodesk joins me now in the studio. why do you think investors are so excited? andrew: a couple of people -- there are a couple of things people are excited about. growth is up 28%. it was the kind of thing they were expecting to see moving in from this transition. a the front end of transition, everything was going this way, now they are going this way. people are seeing the result they expect to see and it gives to talk about the long-term and not just the mood to subscription. emily: where is the subscriptions? andrew: the exciting thing for the new age of automation for the company is we are moving into being a designer make automation provider getting much more into our customers make processes or construction processes or manufacturing processes or others. that is the exciting long-term opportunity for the company. transition, by the but also fueled by the cloud-based age of machine learning and auto

are analysts other than morgan stanley, including at oppenheimer, making similar calls and recommending folks look at other areas. at the end of the day, we had a very good earnings quarter. the question is whether they can repeat that in the third quarter. on, you cover amazon, alphabet, facebook. would you agree with morgan stanley's assessment here? >> i think there's a lot more uncertainty in terms of the cost side and the debate with security and privacy. when you look across the sectors in technology, when you see the secular growth that is continuing here, it's hard to say that tech doesn't have continued upside. when i say tech, i mean google, facebook, and others. specifically, online advertisers continues to be strong from our perspective. usage and engagement suggests that it continues across the space. frankly, facebook, amazon, and google are continuing to innovate. there's a lot of growth that can continue. emily: let's talk about facebook specifically. i believe you lowered your target, but you are still optimistic. why? >> we lowered our target simply given the increased

for more i want to bring in oppenheimer senior analyst, collin rush. also with us in new york is max. max, i want to start off with you. elon says he's continuing these talks with the saudi fund, that he's also talking to other large shareholders. do we have any idea who the large shareholders are and how far along these talks are? >> no. we have no idea about anything. i think there's sort of even with the information that came out this morning from elon musk's blog post, you know, there's sort of a wide range of possibilities that could have happened. we know that there was some kind of concrete conversation between the saudis and elon musk, i believe on july 31. that timing is pretty tight for a buyout. we don't know if they talked about price. so the blog post says, you know, there's going to be some due diligence needed and some very vague things that would need to happen. we don't know if they've come to any kind of agreement. in terms of large shareholders, we're going to be talking about the big mutual funds, fidelity, van guard, and so on, tha

mutual lifetts insurance is considering a sale to oppenheimer funds which could bring in billions oflars. no decisions have been made and massmutual could still hold onto the firm. asset managers have been grappling with the narrowing margins. and that was the business flash. julie: let's get you back to the pictures of turkey's president an erdogan. he is still speaking at the moment and speaking to a friendly crowd in an area of the country that voted for him by about 78% and that presidential election in june. he is touting the economic strength of the country and also saying it will be stronger this year. he says turkey will grow at a record pace again in 2018 despite the "economic warfare" that it is facing here. he continues to speak to try to rally support among the turks and also internationally come although that effort is not working as we see the turkish lira still at a record low. from new york, this is bloomberg. ♪ caroline: live from london, i'm caroline hyde. julie: from new york, i'm julie hyman. this is "bloomberg markets." caroline: let's check in on the futures mar

. >> when oppenheimer brought liquid physics west, foyers berkeley and then cal tech and then to new mexico, he changed particularly new mexico. he brought this state that was very poor, had little infrastructure and put in the middle of this this federally funded facility that just transformed the state. >> then author martha andrews discusses the role of front tier women. we visit the white sand missiles range museum. >>> the testing that's been done out here, people think it's been mostly military testing but it really has involved a lot of civilian uses as well. a lot of the rockets that are fired out here, even today, are sounding rockets, used to do upper atmospheric research. still a big program here. >>> and then a tour of fort seldom, a u.s. military outpost designed to keep peace in the region. watch saturday at noon eastern on c-span 2, book tv and sunday on american history t c on c- span 3. working with our cable affiliates as we explore america. >>> we have found out over the last two years that many of the areas introduced in the 2016 elections were not american but cr

liz: colin, over at oppenheimer funds, what do you guys chatter about when it comes to this news?s telling the truth that he had the funding? >> the honest truth is we don't know. there's two layers to this. if he went out and said they had funding and that isn't true, that's a fraud issue, and the sec's going to have to get involved. the second scenario is potential market manipulation, and then you have to prove intent. and by relation, this information. i think what we've seen in terms of the blog post later that afternoon and then the board comments yesterday, one, it's not clear what's going on, but there's certainly a fair amount of cya happening on a legal basis from the -- liz: board. i would think. rebecca, there is a metric that might affect the price, maybe solidify it, and that is that tesla's -- when you're talking about the preowned market -- boy, does their price hold up, right? people love any tesla they can get their hands on. used or new. how much does that mean to the overall value of the company which at this moment has a market cap of $60.2 billion? >> well, c

other analysts other than those at morgan stanley, other strategists i should say including over at oppenheimer also making similar calls and recommending that folks look to other areas, but, you know, at the end of the day we had a very good earnings quarter and the question is whether they can repeat that come the third quarter. >> ron, you cover amazon, alphabet, facebook. would you agree with morgan stanley's assessment here? >> i think there is more uncertainty in terms of the cost side and all the debate going on with security and privacy and what not. when you look across at least i cover the internet sector and when you look across the sectors in technology and see the secular growth continuing here it is hard to say that tech is -- doesn't have continued upside. i guess i mean google and facebook and amazon and others. specifically online advertising continues to be extremely strong from our perspective. usage and engagement suggests it continues across the space and, frankly, you know, facebook, amazon, google, and others continue to innovate in their products. it seems to me there is

also receiving honorary degrees on that day, ts eliot, general omar bradley, robert oppenheimer. marshall spoke for just 11 minutes. when he received the nobel peace prize in 1953, he comments directly about how his good friend winston churchill knows how to deliver a speech. don't expect too much for me is his implication. the substance of his diagnosis and the cure is as follows. he said the following, there is a phase of this matter is both interesting and serious. the farmer in europe has always produced the food stamps to exchange with the city dweller for other necessities of life. the division of labor is the basis of modern civilization. at the present time in europe, it is threatened with breakdown. the town and the city industries are not producing adequate goods to exchange with the food producing farmer. raw materials and fuel are in short supply. machinery is lacking and worn out. the farmer or the peasants cannot find the goods to sale, which he decides to purchase. the sale of his farm produce for money, which he cannot use seems to him an unprofitable transaction.

>> esp are clearly looking at crm to outperform names, oppenheimer, we like the stocks from the volatilitys usual. 120 5, 145 lines set up very well for a bullish view here is around 125 on autodesk. crm, extremely cheap, a great way to add exposure. we think it is a good way to define risk adding some leverage on the upside. havesla, i understand you a low risk to play into the possibility of the 420 going private price target? >> yes. i spoke about this three months ,go, more of a short stock given the potential price, we are using a one by two call spread out to june. >> great stuff to we have to leave it there. thank you for joining us for options insights. back to you, scarlet. about 90a recap minutes ago, we learned michael cohen, the president's longtime attorney, had reached a pretty debt plea agreement with prosecutors. he will plead guilty to charges of campaign-finance violations, thanks fraud, and tax fraud as well. he is set to appear at a federal courthouse at 4:00 p.m. there is a shot. this is bloomberg. ♪ xfinity mobile is a new wireless network designed to save you money.

. >> when oppenheimer brought nuclear physics west, first to berkeley and to cal tech, and then to new mexico he changed particularly new mexico. it brought this state that was poor, had very little infrastructure and put in the middle of it this federally funded facility that just transformed the state. >> then author martha andrews discusses the roles of western frontier women in her book "out of the shadows the women of southern new mexico." on sunday at 2:00 p.m. eastern on american history tv. we visit the white sands missile range museum. >> the testing that's been done out here, people think it's mostly military testing but it's involved a lot of civilian uses as well. a lot of the rockets that are fired out here, even today are sounding rockets. used to do upper atmospheric research. that's still a big program out here. >> then a tour of ft. selden located near the rio grande river established a key piece of the region. watch c-span cities tour of las cruces, new mexico, saturday at noon eastern on book tv. and sunday at 2:00 p.m. on american history tv on c-span 3. working wit

analysts at oppenheimer reiterated their near-term we're cautious outlook due to shifts with the u.s. dollar. the dollar had been much lower earlier today, overnight, then started to go higher. we can understand what they're saying, but right now, it's tiffany shares going lower at the moment. take a look at american eagle outfitters. shares there back to earth after missing on same store sales estimates. we see after price target cuts, disappointing third quarter forecast, the stock cannot recover at least today, down 7.5%. shares are up, though, nearly 120% over the last year, so it's not the worst thing in the world. the sporting goods sector, that, too, taking a hit. this comes from dick's sporting goods reporting disappointing comparable sales in the second quarter. they also missed on revenue. the company actually pointed to significant declines in under armour brand due to its decision to expand distribution. we know under armour has had a really tough time of it. that's a $20 stock right now. as for dick's sporting goods, it's fallen 3.25% to $35.25. cornhusker concerns with t

remains in tact through year end and the holiday season >> let's get to yum china being downgraded at oppenheimern what the firm calls elevated near term operating risks. shares under pressure today have fallen almost 14% year to date the s&p 50 specifically since the spin, this has been an outperformer versus the s&p 500 is that a reason to let it go? >> i think some of the m and a talk was a reason to let it go when they're saying we believe that there are multiple chinese bidders that could come in and try to take the company private. that gave you a nice lift. i was not in it. i am not in it but that would have been b a nice time to sell. >> 23 times forward earnings is what it's trading out thanks speculation. where do you go on this, or in the restaurant space in general? >> i think this one is specifically, easy for me to say, same store sales seem to be at risk. that's the number one thing you have to measure. and i think the other end spending money, you know i look at mcdonald's would just spend money to redo these stores long-term, that might be something they get rewarded for r, too w

. >> when oppenheimer brought physics wes furstenberg and then caltech, and then to new mexico, he changed particularly new mexico, that brought this state that was poor, had very little infrastructure, and put in the middle of it this federally funded facility that just transformed the state. >> then martha andrew discusses the roles of western frontier women in her book out of the shadows. >> the testing has been done out here, people think it's been mostly military testing but it really has involved a lot of civilian uses as well. a lot of the rockets that a a firefighter even today are sounding rockets used to do up for atmospheric research. that's a big program out here. >> than a tour of fort selden, use military outpost located near the rio grande river established to keep peace in the region. watch c-span cities tour of las cruces, new mexico, today on c-span2's booktv and sunday at n c-span3. working with the cable affiliates as we explore america. >> welcome everyone. my name is lila stiff and i will be welcoming dr. nussbaum to the podium in a moment but if you logistics to cove

impressive piece here and the flow of new product just keeps getting better >> let's talk about ulta oppenheimerthe stock is down because he didn't increase guidance and he says waiting momentum for large kcosmetics brands and edgewater's researchers is concerned that ulta's transaction growth continues to moderate the 3.1% and that's the lowest number that he can remember he also says the consumer is getting conditioned to more promotion and he's seeing bigger sales in periods of off promotion at ulta. a lack of innovation in cosmetics and kylie jenner just tweeting she's so excited to let you know, kylie cosmetics will be coming to all ulta beauty stores around the country this holiday. currently it's only sold online and we know how much money she's made on that so far. >> it will put a smile on guy adami's face thank you. >> mike, i'm guessing you'll want to trade lulu here. >> obviously, we talked about it last week. we like the stock going into it. this is a situation where they make the best of breed product that remains popular and outside of the athletic apparel they also have casual ap

when oppenheimer brought first to berkeley and caltech and then to new mexico particularly in new mexico and had very little infrastructure. to put in the middle of this the federally funded facility that just transform the state. make the testing done out here it has involved a lot of civilian uses -- as well. even today they are sounding rocket. and it is still a big program out here. like a lot of people said on my kids to read stories that are disturbing or downbeat. that is not totally illegitimate that i want to choose when my kid understand stuff that could bring them grief that also they are 14 now. when we introduce them to the idea not everything is perfect outside of your all white suburb? . . . .

is it still oppenheimer?nd these are questions that we are pretty abstract but to the extent we start to think about people and software and it's really fun to play with the narrative. and in walk away, i built an idea that we had with rapture of the nerds. which is that there are a lot of potential responses that you might have in a situation that we say are -- some are rare and some are common but there always in the envelope of things that are pedrovian. if we can look far enough ahead of the software we can simulate all of the different ways that you might react to a situation and find the ones that are not bona fide pedrovian responses are outliers and we can steer you through these outlier situations to allow you to and softer, overcome these very difficult situations. the most difficult of which is waking up and realizing you are dead and are now a simulation of yourself and software. most of us i think on that revelation would have an absolute meltdown and be of no use to anyone. but if there is a tin

we want to bring in portfolio manager of oppenheimer funds to talk about what's going on here.eard the conversation we've had here. turkey shows -- erdogan shows no signs of willing to do anything to stabilize this currency what's the next stage here we're just going to start seeing massive defaults out of turkey >> it has been a surprise to us how far he's been willing to push this. at this point you are reeling to crisis mode. when you look at historical standards, what you need to do at this stage is maybe some political sessions and headlines. a combination of rising interest rates. at this point, 5% or 10% -- >> maybe 20% >> you will take real interest rates, you would have to take them at least to o 10%. and we you need to announce a strong economic team let's look at malaysia back in '97, '98 they had a twin deficit. they had a deficit of 6.5% of gdp. what they ended up was crush domestic demand and turn it into a current account surplus of 7%. turkey needs to show they want to cut spending and boost the savings ratio and basically turn the economy away from this debt fu

. >> today my guest is the head of technical analysis at oppenheimer.or taking the time. one of the big things is technology and 10 is love. you have a chart your tesla. what does it tell you? >> it does not tell me much. i get asked about the stock all the time. i don't have a very strong view because the stock is trend lists -- trendless. aboutin this range worth 300 $65 on the upside -- $365 on the upside. i'm showing the 200 day, but the show it is flat, i don't see the set up on that long side or short side. >> what about the fact that if we connect the lower low in 2016 which had to have been the low to hundreds and -- higher low sorry, did you ever see the case of this being a larger a sending triangle producing a breakout to the outside? >> you have higher lows on this timeframe. if you were to pull back longer, there has been an uptrend broken. >> so you are on the sidelines of tesla. stock that investors love to love and analysts not quite as much. you are on the sidelines? >> on the sidelines. here's another one we get a very popular stock in