. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners.ergy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. >>> 12:30 on wall street just 4.25% off its all time high the last of the major indices to cross the hurdle since the december lows. first up, newell brands have its worst days >> newell has been a battleground stock they can't seem to get it together the play is to have the company break up i'm not there. i've looked at it. not going back >> cvs reported lower than expected earnings. the media company is an optimistic forecast. >> the ott is a viable competitor you're going to loof and say that doesn't really compare that well the thing is they are growing and very rapidly a few years they'll be at 25 million. they are a viable competitor i think the stock is a take over candidate. that will take a year as they figure out what they want to do. the under

pgim: the global investment management businesses of prudential.he global investment management sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ we see eat emerson,mulating when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> welcome back the bulls are making a big bet that shares of kimberly clark double digit in rally. you have a lot going on here >> i do. as it turns out, the ceo will be on closing bell tomorrow another 3:00 p.m is it because the stock is about to break out why people are in here buying aggressively shares of kimberly clark and buying options? perhaps. that's what they're doing. a one year chart of kimberly clark is right back against that high 10,000 of these have traded so far today. i jumped on these. i'll probably be in these about three months take a look at mlnx. this on

. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners.rom energy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. >>> welcome back general electric shares have gained nearly 50% this year. options traders though think the rally may have run its course. pete has the unusual activity there after a real big gain. >> big gain and you had stephen yesterday with jim cramer talking about this, as well. look at the chart. talked about it in terms of what it's done this year. an pleasing run by ge. there hasn't been nearly the put buying we haven't seen as much of it. they're back today what they're doing is positioning just two weeks out going to the march puts and they're buying these march 9.58 puts, 135,000 of those were bought for eight cents spread off against a lower strike, as well but that was pretty interesting. now, that's not as much money as usual. like we

partner with pgim.he global investment management businesses of prudential financial, inc. . >>> welcome back macy's and home depot out with q4 results and the indication is a pretty mixed bag macy's beat but sales weaker than expected but home depot missed on both the top and bottom lines and issued weak guidance tomorrow, we hear from tjx and lowe's as retail sales in december plunged and tax refunds have been disappointing too. matt boss, retail analyst. our own courtney reagan, great to have you both here. courtney, real quick i mean, the home depot one in particular, this is a company that has done so well for so many years what is it telling us? >> this was interesting. so i will point out, there was a sort of technicality with the earnings there was this impairment charge that was a pretty decent chunk, a one time thing so i think in a way, you can almost put that aside as opposed to calling that a miss because of the way we have to classify that from an accounting standpoint the sales were weake

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partner with pgim.l investment management businesses of prudential financial, inc. >>> cisco shares surge nearly 18% fo dato date. what are the options players saying about where it could go next >> scott, what they are saying in is they would rather be in calls than buying more stock, at least some of the big traders are saying that. they are buying up side calls. we saw 12,000 of them go off like bang, bang. they were buying upside calls with the stock just under 51 a they are buying the double nickel 55 calls and in big numbers. it's approaching 14,000 today. this was a fairly big day last week as well argus just moved up their target from 55 to 65. what did i do with there that was last week i jumped on these calls. probably about a month i like the upside activity in cisco. that's why i'm on the calls now. >> do you have a update on something? >> i'm just good with cisco. >>> up next, the call of the day. we're back in two minutes. i don't know what's going on. i've done all sorts of research, read

pgim: the global investment management businesses of prudential.ment management so, servicenow put your workflows immhm. cloud, huh? your employees must love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. >>> sunday is the big game a lot of players are making big calls on stocks. eric has been talking to players about what stocks or stock, singular, they're buying >> reporter: that's right. we talked to players on both teams this week and asked if you can buy any one stock in the whole world, what stock would it be there was a surprising popular favorite i beat out all the others by a wide margin. have a listen. >> right now amazon. they're killing it seems like they are taking over the world. >> i'm going to get jeff bezos on the phone >> amazon. >> i have two siblings that are amazon employees it's been good to us as a family >> bezo. >> yeah. now it's too late. we missed the boat >> amazon is starting to get a hammer lock on all kinds of different markets. now they are starting to do their own food store >

pgim: the global investment management businesses of prudential. >>> all right.rnings coming out next week. steven weiss, one you're going to focus on. >> i'm focusing on alphabet tonight. it's also my favorite trade. i don't know whether they beat or not, i think they will, because ad growth was strong in others that we saw >> combining the two segments, you sit out next round >> disney. what i want to hear about disney, what's going on with their streaming, what do they think the future is going to be. netflix is out there rising prices >> and that is also your final trade? >> i do like disney. >> amy >> i'll follow suit. i'm watching regeneron on wednesday. i think 2019 and 2020 are going to be the years for cell and gene therapies and i would say my final trade is illumina, ilmn is the ticker. it's the leading equipment maker for genome sequencing equipment. once they sell the equipment, they're selli ing forever. >> as far as my final trade, general motors somebody just came in with a lot of calls to buy in general motors bought them. >> all right, guys than

pgim: the global investment management businesses of prudential.anagement - (phone ringing)a phones offers - big button,ecialized phones... and volume-enhanced phones., get details on this state program. call or visit and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit >>> online now, read patty's article about why so many technicians think stocks are about to shoot higher. go to cnbc.com/market insider. the story is up right now. >>> all right. welcome back shares of energy company california resources have dropped more than 10% in just the last week. options traders buying the dip john is here with some unusual activity >> you take a look at where this one was back in october. 50 bucks a share you see that huge slide that took it down december 24th i think it traded into the 13 handle wow. somebody bought a lot of 19 calls. they've just rolled up out of those into the 21 calls. out in march so that's what i did 10,000 of those tr

pgim: the global investment management businesses of prudential. they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. >>> welcome back we have a news alert on sears. courtney >> so it does look like it's official according to a bankruptcy judge, eddie lam pert is buying sears or what remains of it. a slimmed down sears for $5.2 billion. the plan to keep 525 stores open and to save around 45,000 jobs however, that has been one point that's a big contentious in court since there's still some uncertainty as to the final number of stores and the final number of jobs but i think the headline is that sears lives on at least for now back over to you. >> courtney, thank you very much for that i'll pick it up. we have just three minutes left of trade and a

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pgim: the global investment management businesses of prudential.lobal investment management don't get mad. get e*trade, dawg. >>> welcome back to "closing bell." we're in the middle of earnings season shares of ralph lauren having a good day soaring after reporting a strong holiday quarter beating estimates on the top and bottom lines raising the full-year sales guidance and not seeing the slowdown in asia with ralph lauren reporting revenue in greater china jumped 19% year over year and growing from the smaller base and still the ceo said he didn't see much of an impact of the trade war or slowdown in china. >> the stock up 9% i'm watching shares of british petroleum bp trading higher after reporting earnings that surprised. best full-year numbers for seven years and 6.3 billion 26% ahead of expectations that surprised, really showing the affects of the cost cutting that's coming through in the last couple of years. 6% dividend yield. shell and bp trading better valuation than the chevrons and exxons of this year. 6% yield of -- >> even the americ

pgim: the global investment management businesses of prudential.lobal investment management weveryone, looknk isn'tat your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market. ♪ ♪ each day, brings new possibilities. that's why you need a partner dedicated to helping your company reach its goals. u.s. bank -- the power of possible. ♪ >>> all right, we're about to get started with trading here at the nyc. not before we get a mad dash in here where are you headed >> really interesting, cisco, really doing amazing things. this is a quarter, check back to where nelson peltz got involved, it is a kind of a spur, they like the peltz input what is important here, david, the restaurant group has been very weak. and yet these guys, of course, they cater to restaurants and food service they seem to be a great way to be able to play restaurants

pgim: the global investment management businesses of prudential.vestment management all of you. how you live, what you love. that's what inspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. >>> welcome back to "closing bell." ubs, swiss bank falling today after french court ordered the company to pay $5.1 billion overcharges of helping clients evade taxes between 2004 and 2012 ubs says it will appeal the verdict. morgan, they've had cases like this before. they settled for about a billion with the u.s., $300 million with germany. they didn't settle with france, which, of course, is why it went to a court case. it was expected to be bigger than those settlements but not this big basically total earnings for all of last year will take about 1.7% of their tier one capital below the target and might mean they now have to pull back their buyback this y

pgim: the global investment management businesses of prudential.stment management all of you. how you live, what you love. that's what inspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. >>> i want more from amazon, too, but the bottom line is this is an example of abuse of corporate power. they had an agreement with the people of new york city. amazon just took their ball and went home. and what they did was confirm people's worst fears about corporate america. here's the 1% dictating to everyone else, even though we gave them a fair deal. obviously, a group of very powerful people, the ultimate members of the 1% got together in a board room in seattle and made an arbitrary decision we couldn't have seen that coming >> that was new york city mayor bill deglade blasio. once a strong advocate for the amazon hq2 plan. our next guest says criticism

partner with pgim.c. >>> we've got a news alert on goldman sachs. leslie picker with the details >> hi, sara, this coming from a filing today from goldman sachs. the firm disclosing it may withhold compensation from top executives, including former ceo lloyd blankfein and current chief david solomon related to ongoing investigations surrounding the firm's 1 mdb scandal. they announced this forfeiture provision to their 2018 compensation in a new filing today. the firm also said solomon received $23 million in 2018 compensation, up slightly from the year prior when he was president and coo. blankfein received $20.5 million in 2018, about $3.5 million less than 2017. back over to you guys. >> leslie, thank you very much for that guys, i have just spoken to a background source at the company about a little more detail on this i think the three individuals in question are the former ceo, lloyd blankfein, and two others, mike evans and woody sherwood who had senior positions back at the time mainly this rela

pgim: the global investment management businesses of prudential.stment management ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. when yowhat do you see?itical issues facing our world, we see a billion more people breathing free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> welcome back what a drama this has been a couple of weeks ago, a company rep for tech giant foxconn told reuters the plans for the $10 billion manufacturing campus may be scaled back or even scrapped altogether that was before a conversation with president trump now the foxconn chairman said plans for the plant will proceed but not the first time they promised more than they delivered. someone reporting this story from the ground since the beginning. the busin

. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners.rom energy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. >>> hi, everyone i'm sue herera here's your cnbc news update at this hour. president trump leaving the white house for walter reed medical center for his annual checkup. declared to be in excellent health after a test. this year's exam will be overseen by his physician sean connelly >>> fire tore through the sleeping quarters at an academy for one of brazil's most popular professional soccer clubs killing ten people and injuring three. the injured were all teenagers no word yet on the cause of the fire >>> israeli troops shot and killed two palestinian teenagers as thousands held demonstrations along the perimeter fence separating gaza and israel the protesters threw rocks at the israeli force stations behind the border who responded with tear gas

pgim: the global investment management businesses of prudential.♪ ♪ let's go from designing... to bringing it to life. with financing solutions from american express. chat with us today and let's make it happen. american express. don't do business without it. >>> apple taking a beating this week first, it got dethroned as the world's most innovative company and then rival samsung grabbed headlines with a foldable phone. things have been going downhill for apple since it hit a trillion dollar market capback on august 2nd. stock down 15% since then. my next guest said deals may be the solution to apple's problems here to explain this, dan ives, john fort is back with us as well dan, what kind of deals are we talking about? >> in our opinion, it's content. that's the thing the video subscription service, ready next month i think the clock starts at 12 in terms of a content perspective. what they need to do we think studio houses like an mgm, sony, e 24 and cbs, viacom, potentially a netflix and they want to be a serious content player i think that's g

. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners.rom energy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. >>> to the bond market we go hi, rick >> hi, tyler you know there's a lot of factors purrpushing rates up toy heading for corporate issue wans on top and of course what's going on with regard to trade and even some of the data points have been b buoyant. others haven't like housing, but look at a two day of 30s up five basis points loading the charts matter of fact, it's a perfect curve steepening day 30s are up five. look at a year to date of tens minus twos really steepening but not a lot. just a little bit. now look at 30s minus 10s. approaching 40 steepest since 2017. and finally, the dollar index. what you're looking at there is a nine-day chart we haven't settled under 96 since early february we'll call it a month, but the interesting thing i

pgim: the global investment management businesses of prudential.he global investment management amazon prime video so when you say words like... show me best of prime video into this... you'll see awesome stuff like this. discover prime originals like the emmy-winning the marvelous mrs. maisel... tom clancy's jack ryan... and the man in the high castle. all in the same place as your live tv. its all included with your amazon prime membership. that's how xfinity makes tv... simple. easy. awesome. >>> welcome back fox con is in damage control josh leadershwith the latest. >> reporter: fox con is moving forward with the construction of wisconsin facility after talks with the white house but is no clarifying what kind of jobs will be housed at that $10 billion plant. in a statement, the company saying it is moving forward with our planned construction of the gen 6 fab facility which will be at the heart of the wisconn as well as a hub of high technology innovation for the region. president trump took to twitter saying it was great news on foxconn after

pgim: the global investment management businesses of prudential.ormal.ent having an annuity tells me my retirement is protected. learn more at retire your risk dot org. where in all of this is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you partner with a firm that combines trusted, personal advice with the cutting edge tools and insights to help you not only see your potential, but live it too. morgan stanley. onmillionth order.r. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering. >> big hedge fund revealing their latest trade less risk. >> embedded in the multitude of filings is clear trend hedge funds derisking in the fourth quarter they are deleveraging and selling out of equities all together they soured on big cap tech and specifically fang. berkshire hathaway sold some of its shares tlsz 1 financials turned out ooh omega selling shares in

pgim: the global investment management businesses of prudential.l investment management we sunleashing the promisegas of clean energy. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. ♪ ♪ let's go from designing... to bringing it to life. with financing solutions from american express. chat with us today and let's make it happen. american express. don't do business without it. >>> kraft heinz plunging after the company announced a massive write down, cut the dividends and disclosed an s.e.c. subpoena let's find out what is next for heinz. joining us is jonathan bumgarner. he's got a hold rating on the stock. great to have you with us. key to examining the stock and where it is now and the valuation is whether or not you believe management's forecast and they gave a forecast on the call the cfo said and promised, actually, consistent profit growth by 2020 do you buy that? >> it's a little bit tough to see right now. what you have seen take place is a 10% prof

. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners.ergy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. ♪ ♪ move to the enterprise-grade cloud that's built to handle all your apps. ♪ ♪ the ibm cloud. the cloud for smarter business. >>> strong start to 2019 that name right there the cleveland cliffs, options traders despite today's decline are seeing more upside ahead pete joins from us minneapolis with unusual activity. pete >> yeah, great to see you, scott. you mentioned clips. it's interesting when this plays along with a theme everything seems to be very, very short term. yesterday, it was extremely short term because the buyers yesterday were buying the february that expire tomorrow. the 11 and 12.5 calls. today now they're coming back again but going the full month of february. they're buying a couple more weeks and buying the 12.5 calls once again 9

pgim: the global investment management businesses of prudential.ment management it's the first day of school. yeah, he's so nervous. tom is letting him know it will be alright. i know, it's a big day. i'm so proud of him. gotta go. ♪ good luck on your first day. just as we help companies advance in the digital era, cognizant is helping people do the same, by investing in skills training in communities nationwide. ♪ >>> we're back cisco hitting its highest level since december 2000 raising the defd, boosting buy back. jim and jenny, jim, you first. >> look, the stock is doing great making this transition from being a hardware provider, routers abswitches to software, particularly security. that's where they see great growth this is the best stock i own right now. it's got a beta of 1 over the last five years, it's more than twice the rush of the s&p 500. you get more than twice the return for the same volatility that rick adjusted return is fantastic. it's going to keep going going forward at there valuation i love it. >> here's what i love about th

. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners.h opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. -it's our confident forever plan. -welcome to our complete freedom plan. -it's all possible with a cfp professional. ♪ -find your certified financial planner™ professional at letsmakeaplan.org. >>> welcome back to "squawk box. the futures right now, 118, positive momentum on the dow nasdaq up 34 s&p indicated up just under 11 >>> autonation reporting a short time ago the nation's largest auto retailer at $1.10 a share. that's 4 cents short of the estimate bigger news here as well autonation also announcing that long-time ceo mike jackson is going to be stepping down next month. joining us right now in a first on cnbc interview is autonation ceo mike jackson also autonation incoming ceo carl liebert welcome to both of you mike, it's kind of hard to imagine automation without you as the ceo been there f

partner with pgim.f prudential financial, inc. >>> welcome back to "squawk box. equity futures right now drifting a bit higher. you see the s&p up almost four points dow up more than a hundred so at the highs of the morning the nasdaq just below the flatline at this hour. >>> coming up when we return, fed chair jay powell meeting president trump for dinner last night. it's one year after powell took the job at the fed and it was also powell's birthday we will hear about that b-day party and what happened at dinner between president trump eaoro alhasptal bank chief "dl nde" s trump has spent much of the last year criticizing the chair we've got details when we return why bother mastering something? because when you want to create an entirely new feeling, the difference between excellence and mastery, is all the difference in the world. introducing the all-new lexus es. a product of mastery. experience amazing at your lexus dealer. ♪ >>> good morning welcome back to "squawk box" right here on cnbc we're l

pgim: the global investment management businesses of prudential.tical issues facing our world, we see a billion more people breathing free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> welcome back to "squawk box. the idea of a wealth tax not new and several european countries have made the attempt. many have failed robert frank joins us with the challenges of making a wealth tax work robert >> it sounds good on paper, but in practice, it hasn't worked out that way senator elizabeth warren and lots of progressive economists call it a tax whose time has come a look at the wealth tax in europe suggests the time has passed wairn proposing a 2% tax on wealth over $50 million. and 3% on over $1 billion. in 1990, 12 oecd countries had wealth taxes now it's down to four. only france, norway, sweden, a

pgim: the global investment management businesses of prudential. global investment management sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >> revenue also above forecasts for the drug giant, which, you know, you think back on merck and all the -- it's all the way up to $74 now, and almost $200 billion company. the yield, which has always been pretty significant, is just under 3% looking at it down a little bit this morning, based on what the company said, and we will delve into -- >> getting guidance too. >> let's dwefl inelve into it >> 462 versus 468. also looking for 43.2 to 44.7 billion dollars in terms of revenue, and they just have to claw back up those revenues. >> for 2019? >> yeah. >> okay. zroo for this year, i guess it is jeez >> they're done with this year, aren't they? >> we're already in the next year 44.5 was their revenue >> done with last year >> yeah. i

. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners.m energy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. >>> here's a look at an all new episode of "the profit" premiering tonight on cnbc >> when you are a southern woman, it is all about the food. >> both of your orders are pulled pork, and the next one is br briquit. >> when we have had things, we lose people. >> are you annoyed >> i'm a little annoyed. i have to tell you look, i -- when people don't like my food, i get irritated. >> and you can catch all the sparring between marcus and the company tonight with two new episodes of "the profit" at 9:00 and 10:00 p.m. eastern on cnbc >> we mentioned it right before the break, the faa has now been investigating southwest airlines for failing to properly track the weight of the checked bags on its plane this is a serious issue. the "wall street journal" re

partner with pgim.anagement businesses of prudential financial, inc. . >>> markets being led by some regional banks and some consumer names. there's a look at the top performers on the s&p, including sun trust, hains brands and chipotle dow is down almost 200 points though we'll talk with the sun trust ceo at the top of the hour (sounds of race cars) the same iot technology on the ibm cloud that helps race teams improve performance and safety. bye. girls, don't wave at strangers. can now be built into everything we drive. when you apply expertise across an industry, bye! you can put smart to work. bye! this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hou

pgim: the global investment management businesses of prudential. global investment management [kno♪king] ♪ memories. what we deliver by delivering. i found a companyeans to who believes in me.rt. they look out for me. and they help me grow my career. at comcast it's my job to constantly monitor our network, prevent problems, and to help provide the most reliable service possible. my name is tanya, i work at the network operations center for comcast. we're working to make things simple, easy and awesome. >>> welcome back to the "closing bell." dow up 110 building momentum throughout the day. did biggest winners in the dow, apple, microsoft, boeing, coca-cola. strong tech and strong industrials. >>> we are halfway through earnings season with big names still yet to report. seema mody has a look at what the numbers are telling us so far. >> despite the global growth concerns earnings season has showed up to be pretty good. 71% beat estimates and 61% have beat sales estimates, decent beat rates and below the 1-year average. still 6 of 11 s&p sectors ha

partner with pgim.lobal investment management businesses of prudential financial, inc. >>> we've got an earnings alert on mgm resorts hi there, contessa >>> 13 cents with those one-time exclusions also on revenues, the estimation here was 2.98 billion and beat that at 3.05 billion i want to talk about china china has come on roughly in line with estimates here, and in las vegas revenues are up 6% when you compare the quarter of 2018 to 2017 but let's talk about that a bit. in 2017, mgm had a rough quarter, especially after that mandalay bay massacre. it was a somewhat easy comp coming in. a quarterly increase on dividends by 8% and they've backed away from offering guidance full year by the quarter. instead he's saying lookin toward the future, they do expect to see some improvement because of cost efficiencies, guys. >> saw that dividend raise as well, paying extra close attention to this use of cash. contessa, thank you. senator marco rubio tweeting today, in part, i support free market over socialism

. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners.... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. >>> president trump hitting on top he cans from immigration to the economy. he also addressed what he views as an increasing push toward socialism. >> here in the united states we are alarmed by the calls to adopt socialism in our country america was founded on liberty and independence and not government coercion, domination a

pgim: the global investment management businesses of prudential. >>> good morning, it's 8:00 a.m. at facebook headquarters "squawk alley" is live ♪ keep spending most our lives living in a ♪ ♪ gangster's paradise, by spendsing most our lives ♪ ♪ living in the gangster's paradise ♪ ♪ been spending most of lives living in ♪ ♪ the gangster's paradise, been spending most our lives ♪ ♪ living in the gangster's paradise ♪ ♪ look at the situation they go me facing ♪ >> welcome to "squawk alley," i'm carl quintinilla with jon fortt and morgan brennan we'll begin with tech win streak. roger mc'nam namee has a book c "zuk'd" that you have to read. welcome. let's talk about the faangs. did you see this coming when things were looking ridiculously pessimistic. >> carl, i don't pretend to have a crystal ball things were realistically speaking way better than stock prices were more than two months ago so here we are. >> to that point back in the fall you said that you had become more cautious about the markets and that you were buying treasuries at the time has your sentiment shift shenandoed >

pgim: the global investment management businesses of prudential.ement what do advisors look for don't just track an index, help me meet a client's need. is the fund built to sell or built to last? etfs are only part of a portfolio. so make it easy to explain. give me a quality fund that helps me get clients closer to their goals. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. >>> welcome back fourth quarter growth better than expected an full-year growth of 3% can it continue for 2019 joining us from d.c. steve liesman sitting down with wil dudley steve, take it away. >> thank you very much i'm here with bill dudley. joining us thank you. >> great to be here. >> wilf was talking about the gdp number at 2.6% strong growth. how did that meet your expectations >> in line it is stronger than expected but when's the first qu

pgim: the global investment management businesses of prudential. management i cowe can do theyour screening at her house. hi. this is the man that's going to check your eyes grandma. cognizant ai solutions are helping healthcare companies advance diagnostics and prevent blindness in patients with diabetes. everything looks good. you have beautiful eyes. ♪ now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. >>> boat manufacturers are facing the same issue many product lines are facing, how to get millenials to buy. frank is at the miami boat show with that story. hey, frank. >> reporter: good afternoon, welcome from miami boat makers are trying to attract millenials th

partner with pgim. the global investment management businesses of prudential financial, inc.lobal investment management businesses of ♪ don't fence me in. ♪ let me be by myself ♪ in the evenin' breeze, ♪ listen to the murmur of the tall concrete, ♪ ♪ send me off forever, but i ask you please ♪ ♪ don't fence me in. special offers available at your local mini dealer. wewithout the planet cooler getting warmer. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> we're setting up for a slightly lower open, it would appear of course, been a good february, a good open to the year as our viewers know of course with all the major indexes in double digit gains thus far and a strong gdp print for the fourth quarter. mad dash coming up next. this is decision tech. it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter tradi

. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners.... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. >>> never a boring one shares of under armour now in the green bouncing more than 5%. they've been all over the map this morning lower by a few percentage points after being high or the initial numbers. here are the takeaways from the quarter. better margins and inventory levels continue to clean up. those inventory levels now down 12% from where they were a year ago. that's important where's the disappointment north america, the key market for under armour, continues to decline down 6% on revenues. that was expected following tough comparisons from a year ago. also footwear is not growing that's been a key growth spot for the business and the outlook for growth for the year kind of lackluster when it comes to sales growth just growing a few percentage points the company is t

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pgim: the global investment management businesses of prudential. weeks.ng center in ohio, the site of the only remaining tank factory in the united states. morgan brennan is there and joins us from there this morning. hey, morgan. >> reporter: hey, carl, that's right. there's only one, one place in the entire western hemisphere that makes tanks, here in lima, ohio this is government owned general dynamics operated. it is the place where the u.s. army's main battle tank has been manufactured since the 1980s five years ago the army was questioning whether it was still going to make tanks, whether it needed tanks, considered idling operations, you could say the production line was near death today it's different you see the military looking to modernize, the geopolitical threats have shifted and with them america's defense strategy, and the project director for the army's tank system tells me things have changed. >> five years ago when this facility was at the lowest production levels, the majority was foreign military sales we relied on foreign military sal

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. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners.rom energy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. >>> welcome back to "the closing bell." the dow up, s&p and nasdaq slight gains we have improved significantly since the first hour or two of trade followed by industrials. communication services at the bottom. >> joining our closing bell exchange today, lindsay bell from cfra research and our own rick santelli. good afternoon to you both lindsay ooishlgs start with you. there's been macro headlines and focus on policy. earnings, mainly from some of the retailers. how would you assess those right now? what's the read through on the state of the consumer? >> retail earnings have been pretty good. mind you, the bar was lowered going into this reporting period we've seen the names that go out so far almost all of them have beat on the bottom line. sal