the upgrade by piper today before today's move was up about 83%.lso that they're moving their multiple from 11 times sales to 18 times. frankly valuations for the entire industry are coming down. if you look at the public low traded markets year over year while the industry has gone through amazing, amazing growth, valuations are coming down so i think canopy is a great company. i think it's a name you can own because of their balance sheet, because of their diversified exposure i'm puzzled by how people are doing valuations at this time in the market >> the -- do valuations matter or is this the railroad sector in 1990? >> valuations always matter. we realize people are buying a gold rush. piper said the market is 15 to 50 billion and could be 500 billion. i agree with the excitement, you know i do. but on valuations, it does matter i think a lot of people are holding stuff that may never trade that high. >> gw pharma is the place -- i somewhat understand it jpmorgan initiated at the beginning of the month 135 price target they report at the begin

the piper malibu aircraft with sala on a pilot on board took off from the french city of nanda on monday evening headed for cardiff but the plane disappeared from radar on passing guernsey in the channel islands and only signed as a card of player from the aunt on saturday he said he couldn't wait to get started but it returned to france to say farewell to his team mates media reports have revealed the last what's up messages silas sent to friends and family i'm on the plane it looks like it's falling apart if an hour and a half you do not hear from me i don't know if they'll send someone to pick me up because they'll not find me i'm scared. thousands of non funds have held a vigil for twenty eight year old salah in what had become his adopted city back home in argentina salis father was crestfallen. i spoke to him on sunday. well he was very happy that he was moving to cardiff to an even bigger club that he liked he was doing well he was playing well and this news when these things happen there are no words for something. sala is the most expensive player cardiff ever bought the club's

you have not paid the piper. let's stop this foolishness. pass warren peterson's bill to grant universal recognition, for all occupational licenses and, let them work. >> [ applause ] >> before those unelected boards feign outrage, let's remember, workers do not lose their skills simply because they moved to arizona. and in the name of good government, let's have the bullies, on these boards, answer three questions. what do you exist to do? how do you know if you're doing it well, and, who would miss you if you are gone? >> [ applause ] >> last fall i visited our state president in buckeye, arizona. there, joined by arizona cardinals defensive back, and defensive lineman corey peters, along with cardinals president michael bidwell. we saw the possibilities of opportunity for all, firsthand. at a job fair, soon to be released, men and women, excited to participate in a program, that equips them with the skills necessary to successfully reenter society. they lined up at employers like jackson's carwash, and, hickman's family farms, some left w

searches resumed this morning for the piper malibu aircraft, which lost contact with aircraft control go to our reporter in guernsey. tell us the latest on the search. ok, the latest, as you heard from captain david barker, is that there are only of vessels out searching for this aircraft at the moment. the s searching for this aircraft at the moment. the 5 search plane is out of the helicopter has just gone over oui’ the helicopter has just gone over our shoulder towards alderney, where the plane is believed to have come down, have alljoined the search now. the reports came in around 20 past eight yesterday, when the aircraft lost contact with radar. according to captain david parker, the harbour master of guernsey, he is not sure whether this means exactly the plane has crashed. there was no distress call. it was simply lost from radar and communications. it is possible that the aircraft has diverted somewhere else. but we are continuing a search if in the unfortunate event it has actually ditched into the sea. how worrying is this? it has been more than 12 hours since you heard any

. >> skyline high school senior jonathan piper and other student leaders are worried because oaklandfy faces up to $30 million for cuts. tonight the board will hear how that's proposed to happen

. >> my name is yvonne piper on the nurse practitioner here at sf city clinic. he was the first time i came to city clinic was a little intimidated. the first time i got treated for [inaudible]. i walked up to the redline and was greeted with a warm welcome i'm chad redden and anna client of city clinic >> even has had an std clinic since all the way back to 1911. at that time, the clinic was founded to provide std diagnosis treatment for sex workers. there's been a big increase in std rates after the earthquake and the fire a lot of people were homeless and there were more sex work and were homeless sex workers. there were some public health experts who are pretty progressive for their time thought that by providing std diagnosis and treatmentsex workers that we might be able to get a handle on std rates in san francisco. >> when you're at the clinic you're going to wait with whoever else is able to register at the front desk first. after you register your seat in the waiting room and wait to be seen. after you are called you come to the back and meet with a he

. >> skyline high school senior jonathan piper and other student leaders are worried because oakland unify faces up to $30 million for cuts. tonight the board will hear how that's proposed to happen including school closures and program funding cuts. its not ideal the district says but it is reality it faces. >> we are going to do as much as we can to keep all the cuts as far away from the students as possible. >> knowing that, these student leaders came up with priorities of their own. they hope their input will avoid a negative impact on the classroom. classroom. >> there will be more us suspensions, more drop outs. there's a whole multitude of things that can go wrong if we don't see action. >> so tonight is just the first meeting where they will lay all of this out on the table. they are decide on on the 28th and on the budget on the 30th. in the meantime there's a packed house right now with folks who are obviously very upset about what potentially could be cut. this isn't the only hardship either that oakland unify faces. right now they say teachers are not coming back to the b

joining us now from minneapolis is piper jaffray and michelson. -- mike olson.ou say there's profit-taking here because netflix has been doing quite well and maybe the growth will slow, what's your view? : the stock was up 40% to $100 it would've taken a pretty heroic effort for the results and guidance to keep the thing going at that case. i think if you look at it though, it wasn't a squeaky clean quarter but there is one metric that investors tend to focus on and that metric is international subs international subs was great. it was the by one million in the quarter in the race international some guidance one million above consensus for q1. amanda: 83% of their subscriber growth is now global which is the kind of an enviable market position to be in. it sustainable is that and seems like the $1 million question for netflix is can they turn that into sustained subscription price growth? they have to pass on price increases as they need to. olson: international growth is very sustainable if you look at where they stand as far as market share, that's kind of the

the single—engine piper malibu plane was on its way from france to cardiff when it disappeared from radaray evening off the island of alderney. a search is under way, but so far no trace of the plane has been found. our sport correspondent joe wilson has more. emiliano sala is still missing. with every passing hour, viewers can only grow that he and the pilot on the plane bringing him to britain are dead. he became cardiff city's record signing. he'd already travelled to wales to start something new in his career. we walk him around the grounds, and he was absolutely ready to give it a 90, he was absolutely ready to give it a go, and we knew him then, and we really feeling dumb i feel sad to hear of this news, because we have met such a great person. born in argentina, sala built his football career in france, especially at nantes, where he had a strong reputation as a goal—scorer. he'd travelled back to france to say goodbye to his team—mates. this photo posted yesterday afternoon on sala's twitter account is captioned, "the last goodbye". at 7:15 last night, a light aircraft left nantes

reporter: the piper malibu aircraft with sala and a pilot on board took off on monday evening headedor cardiff, but the plane disappeared frfrom rar on passing the channel islands. emiliano sala only signed with cardiff on saturday. he said he could not wait to get started, but had returned to france to say farewell to his teammates. media reports have revealed the last what's-app messages sala sent to friends and family. i'm on the plane. it looks like it is falling apart. if in 1.5 hours you do not hear from me, i do not know if they will send someone to take mee -- pick me up becauause they will t find me. i am scared. fans have been honoring 28-year-old sala in what had become his adopted city. back home in argentina, sala's father was crestfallen. >> i spoke to him on sunday. he was very happy that he was moving to cardiff, to an even biggerer club that he likeked. he was doioing well. he was playing well. and this news. when these things happen, there are no words. reporter: sala is the most expensive player cardiff ever bought. the club's fans are in shock, still hoping he wil

obviously pied piper is a character who lures children with his music.tled his protege aaliyah "age april the nothing but a number," and tried marrying her when she was 15 years old and 12 years his junior. how was that allowed to happen? there are plenty of other allegations that one writer has said indicts not just him but the society around him, the society at large that allowed to continue in plain sight? >> well, it's allowed to happen because people again are more invested in the bottom line and in money and in fame and proximity to fame than they are in people's lives and the lives of black women and girls. and so the 100% of the women and girls accusing r. kelly are black and latina. we have seen historically that our claims particularly around sexual violence and physical violence are often falling on deaf ears. i think it's multilayered but the main reasons why it was allowed to happen is that particularly at the time when around aaliyah in the '90s and and early '00s, this is somebody who was a very successful r & b singer who brought in a lot

rescue aircraft and boats searched more than 2,500 square kilometres of sea for the single—engine piperid a number of floating objects had been seen in the water, but they were unable to confirm whether any were from the missing aircraft. sala was signed by cardiff city in a record club deal of $19 million. forfans, this was potentially a turning point for the struggling club. we've just been relegated, he was going to keep us up, that's all we want is to stay up in the premiership. we needed a striker. he was the link. it'sjust unreal, you know, finding out that he was on that plane. it's notjust in wales that fans are in shock. thousands of supporters from his former club came to pay homage to a player who they say had become a very special part of their community. stay with us on bbc news. still to come: a special report from mali in north—west africa where climate change and conflict threaten millions of lives. donald trump is now the 45th president of the united states. he was sworn in before several hundred thousand people on the steps of capitol hill in washington. it's going to

i'm joined now via webcam by dr richard piper, ceo of alcohol change uk, a leading uk alcohol charityc news. first off, your reaction to this announcement. first of all, we will welcome the announcement the investment in the alcohol care teams. they have been shown to work and the fact that we will see them in up to 50 hospitals is a really good thing. the announcement also includes rolling bows out to all hospitals within five years. we would like to see that accelerated. alcohol care teams can work with people with alcohol poisoning, with people with alcohol poisoning, with people who have mild dependency weighed you can nip it in the bud, also with those who have chronic conditions as a result of drinking too much, such as cancers or liver disease. liver disease is the fastest growing cause of death in the uk though this is welcome. inevitably, we would like to see a slightly quicker roll—out to all hospitals and i suppose there is one big thing missing from all this which is the investment in alcohol treatment services. this is outside the hospital, in the community, where any of

rescue aircraft and boats searched more than 2,500 square kilometres of sea for the single—engine pipersday. guernsey police said a number of floating objects had been seen in the water, but they were unable to confirm whether any were from the missing aircraft. sala was signed by cardiff city in a record club deal of $19 million. forfans, this was potentially a turning point for the struggling club. we've just been relegated, he was going to keep us up, that's all we want, is to stay up in the premiership. we needed a striker. he was the link. and it'sjust unreal, you know, finding out that he was on that plane. it's notjust in wales that fans are in shock. thousands of supporters from his former club, nantes, came to pay homage to a player who they say had become a very special part of their community. eliza philippidis, bbc news. the australian government is seeking information from chinese officials over the whereabouts of an australian citizen who has disappeared during a visit to the country. family and friends of yang hengjun say the prominent author, who is a critic of chinese h

rescue aircraft and boats searched more than 2500 square kilometres of sea for the single engine piperloating objects had been seen in the water, but they we re had been seen in the water, but they were unable to confirm whether any we re were unable to confirm whether any were from the missing aircraft. emiliano sala was signed by cardiff city in a record club deal of $19 million. forfans, city in a record club deal of $19 million. for fans, this city in a record club deal of $19 million. forfans, this was potentially a turning point for the struggling club. we have just been relegated, he was going to keep us up, all we want is to stay up in the n“ premiership. we needed a striker. he was... ..,,. premiership. we needed a striker. he was the, premiership. we needed a striker. he g the link. it is just unreal, you was the link. it is just unreal, you know, what i am finding out that he was on that plane. it is notjust in wales that fans are in shock. thousands of supporters from his former club came to pay homage to a player who they say had become a very special part of their communi

want to bring in mike olson, piper jaffray's senior research analyst.verweight rating on apple. glad to have you with us. it seems to me the tale of two stories. one is disappointment with china but then upside in services. obviously knew what happened in the december quarter given the release the company had given in early january. the focus was in the march quarter guidance. march quarter guidance was relatively fine versus expectations. it was better than feared. ande look at the guidance, was 3% below consensus on a was 3% below -- it consensus on a revenue basis. china has stabilized. that is the focus going forward. david: this has been a growth stock. it's not nearly where it was last september or october. where's the growth going to come from? do it or do they have to look to india? >> that is a good point. we have to focus on what the potential growth is from here. opportunityat what there is -- services is the big opportunity. services coming in at a 63% about 500 basis points from what we saw a ergo. ago.w a year david: how large a percentage

. >> a lot of positive chatter about netflix and also about amazon piper jaffrey, they love the stockng revenue decelerated 290 basis points they will actually think the company is going to kind of report inline numbers. our december quarter amazon estimates are slightly below consensus. i was surprised the stock was up i regarded this piece as damning. stay focused on this not going to be a blowout quarter. they do survey work, but they do very fine survey work so i'm pointing it out, right here, right now. >> okay. >> pointing it out piper does a lot of surveys. >> they do fantastic work. >> dow jones on the wires saying that les moonves, formerly ceo of cbs will fight the company's decision to withhold that severance of $120 million and that he'll take the company to arbitration over that fight. >> yeah. he has right to do that, carl. and they are citing sources, something you'd be potentially known about. surprising. >> quizzical. >> cbs believes they have a very strong case to deny him his severance. >> no comment. >> what's on "mad" tonight >> i can't comment kirkland lake gold,

piper is saying the sub growth of their upside.ncology up on a buyout from eli lilly, $8 billion for their cancer therapies. saves therapeutics also soaring -- sage therapeutics after a study that was positive on one of their postpartum drugs. if we take a look at what is happening for the nasdaq, we are going to see the bears over the long-term, medium-term are still in control. this is over the last year. really not a defined trend between the bowls or the bears. really a battle. over the last few months, the fourth quarter of last year we downtrend,rp telling you the bears are very much in control and this range is holding. we do have a bit of a bright spot, but these technicals our bearish, and it is confirmed by the 10 year yield, which on the day is lower, telling us that even bonds are rallying. lots of movement. guy: as ever. i think we are certainly getting used to the volatility. the u.k. and eu are preparing for a no deal divorce as theresa may's brexit deal heads towards a vote in westminster. we still don't know when m

sala, who had only signed for cardiff at the weekend, was one of two people on board the piper malibuontact off guernsey on monday night. let's speak to our reporter tomos morgan, who is at the cardiff city stadium. we still don't know what has happened but obviously people are very upset by this news? yes, cardiff city has said that they are extremely soft and distressed with what has happened and this tragic event that happened on monday night. what we know is that the pipwe malibu left nantes at about 7pm on monday night and they contacted jerzy traffic—control requesting to come down but lost contact at around 2500 feet. now of course rescue services went straight into the water but they had to hold the rescue due to adverse weather conditions —— pipe malibu. they resumed yesterday morning and all day yesterday they scoured 1000 square kilometres looking for the football and the pilot but so far nothing has been found and rescue services said that, due to the freezing temperatures in the channel, and the fact that they have been there for so long now, that the chances of survival

and tech stocks baidu, alba baa and tenecenn more opportunity for gains in the east gina sanchez and pipertalk about that and gina, a lot of talk last year that the chinese stock market had actually been hit harder on trade war concerns than the u.s. market if this is being resolved, is there potentially more upside in the chinese market >> actually, there could be. the fact of the matter is that even though the outlook for china is one of a slowing economy, the reality is that chinese stocks have been extremely cheap and even with this rally, they're still actually fairly cheap and you look at a lot of these big names, baidu, tenecent, they can make tremendous amounts of growth just within the chinese economy. meaning that the sort of trade outlook has an impact, but some of these stocks are just not trading. they have been beaten down for no good reason i think there's more room to go. >> a sentiment drag on the chinese markets. how does this market size up from a chart perspective at this point? >> thanks, mike, i agree with gina certainly opportunities to trade here and if i look at th

have been bald-faced lying to the american people and to the congress and now it's time to pay the piper. >> one of the first things stone did after his arrest friday turn around, give the crowd that famous nixon iconic image. everybody knows it a p.r. guy, relishes and worships nixon i believe he has a tattoo of him. impeached for a role in criminal conspiracy >> first thing he did before that, first thing he did for the national media first thing he actually did before he went out there was call in to alex joan, long had a show on info wars and do a very long interview that's critical here, because after the election was all over and all of these contacts take place, jerome corsi became white house correspondent for info wars and given white house press credentials even though it's never happened before, alex jones continued to have a show there. a conduit to reach a specific audience and repeat disinformation coming out of russia continues throughout afterwards. one that was a pretty big mistake and reinforce things won't change and shouldn't operating for decades with impunity why sh

i don't know what you do with this information >> all right, there's ma 1.5% joey >> piper jaffray great. top software pick for 2019 it's time for them to get above $100 get above $10 billion in market cap. i got long >> how about this market dow's up 213 the highs of the day stocks have been up for two straight weeks >> making america great again. >> going for three in a row. >> doesn't feel liblg it, but it's the truth thanks for watching. the change with kelly evans begins now >> officials from the u.s. and china are meeting now trying to hash out a trade afwreemt. should we expect to see progress plus, hunting for returns. bill miller phoning in with his take on these markets an we'll ask him about the curse of the trillion dollar market cap and a freshman fire brand on capitol hill new york's newest representative calling for a 70% tax on the super rich will it really bring in the money? that's all coming up but

we had a good piece about canopy from piper i'm going to hear -- let's hear it from what rob sands saysy is wine going down so much that i don't know. i don't know >> i don't know, carl. i do my part for wine. >> not enough, david. >> i guess not i'll increase. i will move up >> do you shop for wine? you should come with me to a wine store. >> the dow is up 135 to bob pisani. >> hello, everybody. happy wednesday. s&p up 8 out of last 10 days, great start to the year. best we had in many years, in fact let's look at the sectors here semis are strong jim was talking about micron, applied material, land health care is doing all right retails on fire. up 6% of retail so far this year not amazon not just amazon. gap, dillard, all strong throughout the year. banks are up about 6% for the year another strong start for them after a huge horrible fourth quarter and staples are lagging. in terms of guidance, we talked about this yesterday, a lot of bad news priced into the market. talked about sky works lowering the guidance, lennar deferred 2019 guidance. that would have been a disaster six mont

charles: you know, brian, also piper jaffray made positive comments on netflix. think people would be surprised to know the stock is up 35% last two weeks. that is why investors tend to go back to the momentum names but can't other names, other sectors lead the market back in 2019? >> i think, the stat you showed in terms of the value stock that outperformed last year i think is misleading. those are areas of consumer staples we believe have structural issues. value of six products that we manage, four in canada, combination of canadian u.s. stocks and two u.s. equity stocks, value and discipline growth disciplines outperformed since december 4th. charles: what would be example of names. >> financials. >> financials? >> financials and tech. charles: really? >> if you look the construct where dividend growth is the next three tofy years u.s. financials is strongest forward dividend growers in the world, number one. number two, if you have 7, 8% cash flow yield of apple and microsoft, they're throwing out dividend. those, consistent earnings are place to be. that i

is this a hot trade heading into the company's earnings on thursday craig johnson with piper and eringlobal craig, how does the trend look right here this is one of the big ones like with nike. >> the stock broke out of a huge multiyear consolidation pulled back from support around 64. 65 now at $66 it looks like it's starting a new leg higher from a technical perspective, this should be a decent entry point to buy the stock earnings coming this week but i would be buying this stock into that print >> starbucks has never looked particularly cheap like a high value growth stock do you think that's justified right now? >> they definitely made some missteps over the last few years with the purchase of teav narann announced expanded uber eats delivery which is creating a lot of buzz and 10% earnings growth for next year which is well above the s&p 500 so certainly deserve that and organic revenue growth and interesting partnership going forward and we like the stock we have in a couple of our portfolios >> escaped a lot of negativity about china. thank you very much. for more "trading nat

i'm thinking about hbo and hulhu consider this insight from piper jaffray report this morning, we believe the primary determi in content quality. in november of 2018 we surveyed more than 1,100 subscribers and found that 71% of them feel netflix content has improved in the last year. we believe as long as the vast majority perceive that the service is improving, netflix will be positioned to periodically raise prices. in short, everyone knows that netflix provides a great service that represents incredible value. if they can get away with raising prices and they will, it's just a huge boost to the bottom line. that's great for netflix why did this positive action end up boosting the rest of the market what was the deal with the pin action for starters, the acronym for facebook, apple google and alphabet because of the etfs linked to faang, any move in netflix can move the entire cohort, and that's exactly what happened the etfs lifted the whole faang complex. i know it seems crazy. the idea that the tail could wag the dog like this, but it's true you can't underestimate the power of etfs

the first year, 2019, of literally a four year tsunami of corporate debt refinancings as we pay the piper for all the issuance that took place to buy back all the stock and it will take place at higher interest rates than where the debt was originated it's unclear whether this will cause a whole crisis of fallen angels or all the triple b's that slip in to junk bond status and there's another narrative you can accept that companies instead of defaulting or instead of risking being downgraded which affects their cost of capital will take advantage this year of whatever cash flows they generate to retire debt or certainly towards servicing their debt that comes at the expense of a lot of the things that propelled the stock market this cycle. it wasn't just the economy but the weakest economic cycle of all time stock buybacks will pay the price and dividend payouts will pay the price but something else that pays the price as we saw in 2001 and 2002 is that i think the defining features of the recession that i'm expecting and i'm not going to say it's a sure thing, but it's my case that it wi

small hands -- the ice cream man playing pied piper and he popsicle shared between empty landed friend. felt like the summer heat and the parks where breathless and alive together. i pulled apart the pages, sometimes seeing myself, sometimes seeing my cousins but always, witnessing my kin and the negotiation of here and gone. ghost and girl. [applause] >> so i've read these stories so many times, and each time i hear it i still have that feel, that chill you get when your hear good song or a good word. and for me, i posed the question, when did you first see yourself in literature, but what happened was something way more dynamic. became a literary memory of something that was very foundational for each one of you and i want to start with that question on why that moment. we can go in any order women don't have to start with you again. why was this the important for you too tell this center this book. >> renee. >> so, i talk a lot in the he essay about growing up in portland, oregon, predominantly white city, not having many books where i saw my reflection in it and not just my blackne

examiner agitation and introduced yesterday would allow parade, concerts festivals and other events to piperity permit the proposal to bumatay state law which would allow cities to sue cannabis for temporary events. it would need to meet the state licensing local license. uc berkeley launching a new research center focused on marijuana. other research groups are starting the health effects of cannabis. cal says that this is the first one to focus on other topics. e impacts and production. two professors from the uc berkeley environmental science the performance will lead the center. struck nfl commissioner roger goodell will address the media for the annual state of the league address. he is expected to be peppered with questions about all of the controversy from the nfc championship game. the referees you may know mr. pass interference call that many people argued allowed the rams a 20 game of the saints for the nfl acknowledged the mistake but he has been silent about the issue. some have been calling for changes to the legal replay roles that prevent mistakes from happening again. another

more about the market setup when what we can expect with craig johnson, chief market technician of piperng to ask you about brexit don't worry. january looks like it's going to be up. >> yeah, brian historically so goes january, so goes the year. as i look at this market right now at this point in time, i kind of come back to some 1980s tunes, and i keep thinking about, you know, hold on loosely. from -- >> 38 special. >> 38 special. we have this great relief rally. we're up ten out of the last 14 sessions we're up 10% off the lows at this point in time as i keep looking at this tape, the biggest question i'm getting from investors and traders is simply at this point in time is this more than a relief rally? are we going to have to come back are we going to have to retest the lows we had seen right before the -- on christmas eve do we need to come back and retest if you look back at history, history would say that about 50% of the time you do come back and you make what you call a double bottom low and you retest the lows you had seen earlier. as i look at the stocks, as i look at the ov

and you have to pay the piper some day and you're going to have a fiscal crisis at that point, and itill be a crisis over the value of the dollar, i think, at that point people will notice but at that point it will be too late to take the correction and not have it be a very traumatic event. >> everyone can agree that howard schultz has the right idea but he's going to go nowhere, that's the message of the day. guys, thank you both, appreciate you joining me. >> thank you, kelly. >>> coming up, tracking students, we're not talking about academic performance, we're talking about tracking students online before they even get accepted we have the details of this straight ahead. >>> plus, big buyers and big trends in this year's super bowl ads with just six days to go and ads starngti to leak tell you what to expect this sunday "the exchange" is back in two. duncan just protected his family with a $500,000 life insurance policy. how much do you think it cost him? $100 a month? $75? $50? actually, duncan got his $500,000 for under $28 a month. less than a dollar a day. his secret? selectqu

we have seen several price target cuts this morning as well, from goldman sachs, morgan stanley and piper. we have also seen an impact on some of contactors, all called lower. we will see what happens in a get to the live trade. that as get to the bloomberg business flash. ix has trimmed its profit guidance this year in a warning for retailers hoping to end it this year on a high note. the british clothing retailer reported a 1% gain in sales but extended the reporting. period after the holiday. the first retailer to report retail figures. it is seen as an industry bellwether. tesla shares dropped yesterday after the electric carmaker announced it is slashing prices by $2000. the cuts come as the company delivers fewer profits from the model 3 sedan than expected in the fourth quarter. tesla seems to have shaken off what the ceo termed as "production how" of introduction -- increasing production in the fourth quarter in the past year as. compared to last year saudi arabia's national commercial iyadh bank are seeking a merger. it would create the region's biggest lender, and be the biggest

. >> we should note canopy shares did soar after piper jaffrey initiated coverage on the space. some analysts are concerned about the balance sheet of constellation brands because of the commitments they have to make to canopy. >> that's right. and the rally today in canopy today was about reasserting a commitment that actually there's going to be enough cash flow to pay dividends and enough cash flow to buy these warrants that will give them north of 50%. these guys said a lot of things today that were very bullish for cannabis the growth opportunity of a lifetime, these guys are early in look at what's going on with their core business, low-endi wine that's why they're going to growth. >> is it bullish for constellation? >> i don't think it is what is constellation doing? they're buying into the cannabis industry why would i want to buy constellation? why wouldn't i buy into the cannabis industry? this is one of the secular growth stories out there at this point in time. so i'd much rather be in the ones that are going to be bought than the buyers. >> originally i would have d

others who are within the president's circle, have gotten themselves caught and are now paying the piper with more pain to come. >> the process has been played out. michael, stay there. i want to cover another big story in the russia investigation. federal prosecutors are saying russian hackers altered information obtained from mueller's own case documents and they tried to put it to use as part of a disinformation campaign against the investigation. nbc news investigative reporter tom winter is back. congratulations. he just got married. how do these hackers get this information and what were they trying to do with it? >> this happens when the case goes forward to time, and that is if you're indicted, you're entitled to see the evidence the government has. so the government turns over that evidence. in this particular case, what would happen is mueller's team trned over certain parts of evidence that they had against a company called concord management. a company owned by evgeny progosin whose nickname is "putin's chef." charged as a result of the troll farm and all of the efforts that

a search is going on for the piper malibu plane, which had two people on board.ed reports in the french media suggest the 28—year—old striker was one of them. zimbabwe's president, emmerson mnangagwa, has broken off a trip to the davos economic summit to address the violent protests that have gripped his country for the past week. he called for national dialogue and pledged to investigate reports of a brutal crackdown by his security forces — warning that "heads will roll". the opposition says its mps and supporters have been targeted, but ministers accuse them of using the protests, about rising fuel prices, to stoke unrest. human rights groups believe at least 12 people have been killed and many more detained and tortured. the outcome of brexit ahead of next week's major vote on theresa may's alternative withdrawal plan. a number of amendments have been put forward, mrs may will meet her cabinet later, after telling the commons that she would try and secure concessions from the eu on the plan to avoid a hard irish border. tech companies should use their own sof

a little bit i hope it doesn't get really big paying the piper for this.'m worried. i don't know >> the other thing tom lee thinks is that this is a midlife crisis for this market he points back to past times where that's happened. he looked at the run you saw from 1974 up to 2000 yeah, you had 1987 right in the middle of this >> the dow was down less than 6% for the year >> that is true. >> would you sign on for that this year? >> no. >> no? you're greedy. >> yes >> if you can guarantee not down 30%, you wouldn't take down -- >> would i take down 6% vers everything off no >> do you think it's likely it will be down -- >> down 6 is still not cutting into muscle as far as i'm concerned. >> if you could guarantee not down 30, you are only down 6 -- >> not at that point >> do you remember 666 on the s&p, we were double that >> i do. >> we tripled it since >> we'll talk to tom about this, but you're dating the start of the secular bull market back then to 74 that's the only way you get 87 being a midlife crisis >> the other one was 1950 to 1970 i pointed to th

argentinian, who'd signed a £15 million deal to join the club, was one of two people on board when the pipertheir flight went missing off the channel islands last night. guernsey police said "no trace" of the missing aircraft has yet been found. afghan officials say at least 65 security personnel are now known to have died in monday's taliban attack on an intelligence base in wardak province. more than a0 others were wounded in the assault on the national security directorate south of the capital, kabul. the roof of the main building collapsed after the militants rammed a vehicle packed with explosives into it. two gunmen then stormed the compound. italy's deputy prime minister, luigi di maio, is in a war of words with france, accusing the french of exploiting africa and fuelling migraton. luigi di maio called on the european union to impose sanctions on france for its policies in africa. france's foreign ministry summoned italy's ambassador on monday over the comments. anthony scaramucci, the former white house press secretary — and regular contributor to beyond 100 days — is in the house.

when do we eventually pay the piper here?ay: they are kicking the can down the road, but that road still has some ways to go. look at the central government debt is only 15% of gdp. the point here is if they really do start to have massive loans,s in terms of bad they have the financial ability to recapitalize the banking system there. they can continue to kick the can down the road. david: what do you think about the future of china as a practical matter? can they keep this going and bring the rest of the markets along with them? paul: emerging markets are looking to them for direction for a start. you are seeing the positivity around brazil and to a lesser extent mexico. the problem with china is it is so easy to bet against. last year, if you bet against them, you made money. they have a much longer time plan. they are having to get used to what's going on in the u.s.. i wouldn't bet against them. they have a plan. smarter people say don't bet against china. i'm in that camp. carol: how important is it that finally get som

beach volleyball, the two person beach volleyball, the most piper sport at the summer olympics now, thatiter next to the pier. it just goes on and on. when i came to the pier there was no west end. there was no amusement park. the west and had been torn down by storms, and the pier was being used by those 2 million visitors basically as a bridge to get to the beach. santa monica has these wonderful beaches but it's hard to get to because there at the bottom of the cliff so the pier was the bridge to the beach. so the pier was not very popular. it was not very well respected, but through time we grew together and the pier has become home to 9 million visitors per year, and i've grown to be the person who can tell its story. we did that together and i think that's pretty cool. >> i think deliver in santa monica you enjoy incredible weather. went over 300 days of of sunshine per year, and abundance of healthy restaurants, the number of fitness studios both large and small is pretty impressive. so it's very easy to let that california healthy lifestyle. >> while in santa monica we took a dri

. >> paid the piper. >> although i did have my heater on ultrahigh when i got in my car this morning.m up, warm up. >> i'm about to throw the electric blanket on the bed too? >> it's not on? >> no, i haven't put it on yet. >> it is in the middle of winter, frank, probably time to put the blanket on. >> so even though those afternoon highs are well above average we still are off to a chilly start. temperatures this morning in the low 40s getting outside your door in santa rosa. here's a beautiful view over san francisco. we had a little bit of patchy fog joining us once again, san francisco in the upper 40s to near 50 degrees. we have got 42 reported up at the napa airport, upper 40s in oakland, low 40s livermore and san jose. hello to you at 46. the 24 hour temperature change up by a few degrees for some, down in others. we have got napa and novato a little bit cooler this morning, santa rosa a tad warmer as well as livermore checking in about 3 degrees cooler and some of it has to do with the wind out there. we do have a little bit of a breeze in our hills. relatively calm in most sp

because when colonel piper carried out his massacres, on the second day of the battle of the bulge, for the next two weeks in that sector, the allies took no german prisoners. and he mysteriously or not so mysteriously died in a suspicious fire. in the '70s. in that scene in the cabin where they are fighting literally to the death, one-on-one, outside, right on the stairs, there's help in this one soldier, who was frozen in place. combat there with all this technology, with all of the airplanes and tanks and all this, that almost in any war, it comes down at some point somewhere very often to an elemental one-on-one struggle that would be no different than happened 5,000 years earlier, you know, in, in ancient times. and that happens and what was helped there theoretically right around the corner. may have been 1,000 miles away. i thought that was a very powerful scene. >> great comments. the only thing to clarify about the map comment. you're completely correct. the arrows, the maps, depictions are essential and the old adage, more planning is everything, but the plan is nothing. in th

. >>> we've got an earnings report we've got bag pipers here. >> how did you say that?aberdeen is here in celebration of their etf and we had a performance here at the new york stock exchange. >> thank you for the setup shares of alcoa lower even though its eps beat 60 cents adjusted 50 cents, revenue topping expectations at $3.34 billion. now in 2019, it is expecting an aluminum surplus, driven, as it says, by china, where refining expansions are expected to outpace demand growth from smelting that is certainly some comments that analysts are pondering over and china certainly the big part of supply and demand, shares down .6% sara, sending it pack to you. >> seema mody, thank you very much it's quiet here now. >> newly sworn in congresswoman alexandria occasio-cortez tweeting out she's excited to dig into shalls like student loans and exploring the public and postal banking. >> maxine waters. >> during the 2008 financial crisis, large wall street banks subject to strong oversight and safeguards to protect our economy can do a lot of damage we will be keeping an eye on

is this a function of marijuana use, by the way, canopy and till ray got initiated as overweight by piperow if you see an irony there. >> i wonder where constellation put $4 billion in canopy maybe that's a hedge bet i was surprised that beer is down slightly. the wine and spirit forecast i think is driving things. it is down single digits that's extraordinary we haven't seen these kinds of clear and whiskey and wine down this much. but you had a little comment this morning about that deequil the break. it is the only one that is up. i know he's got a good tequila, but, you know what, wine and spirits are slowing down and you have to wonder, you have to wonder, andrew, if that isn't because cannabis is on an upswing. despite alex bernsen saying we have to worry about the long-term consequences what is the alternative when it comes to health care it is opioids. i prefer to think that pot is better >> okay. we should do a cramer bernsen debate on pot. >> i love alex i love your show this morning. you hit everything thank you. >> thank you >> i can't -- >> cramer saw that too. >> yeah. a big