scott wapner in the half. ♪ >>> guys, welcome to the "halftime report." i'm scott wapner. our, the apple comeback. scott on a tear lately. what now? joe terranova, jim lebenthal, john brown. less than one hour from the event in cupertino. team coverage with jon fortt. we have the trade and number one tech analyst, tony sack naggy, as well. here's the question. do you sell the newsr

scott wapner in the half. ♪ >>> guys, welcome to the "halftime report." i'm scott wapner.he trade this hour, the apple comeback. scott on a tear lately. what now? joe terranova, jim lebenthal, john brown. less than one hour from the event in cupertino. team coverage with jon fortt. we have the trade and number one tech analyst, tony sack naggy, as well. here's the question. do you sell the news or buy into the hype today? that debate begins now. dr. j, at 1:06, is apple a buy or sell? >> still a bigger buy than a sell at 106. it rarely does with these announcements. i don't know that there's anything that jon fortt has said that's really that earth-shaking about this particular announcement. the big one, of course, is going to be in the fall with the iphone 7. nonetheless, people that were late to this one instead of buying at 134 bucks a share or 138, still right around 106, 107. i think that's a reasonable do, not quite as good as it was a month ago. >> we'll break away for two seconds for breaking news. to eric chemi regarding fan dual and draft kings. >> that's right,

let's go to scott wapner in the "half." >>> welcome to the "half time report." i'm scott wapner.he bull market officially turns seven for i day. steve weiss and jon and pete najarian. mark haines declared the worst was over. since then all three major averages have surged, making this the third longest bull market on record. our question today, is that raging bull down or just hibernating? that debate begins right now. dr. j., is the bull market over or not? >> no. not with interest rate damn near zero across the globe. not wi r

let's go to scott wapner in the "half." >>> welcome to the "half time report." i'm scott wapner. the bull market officially turns seven for i day. steve weiss and jon and pete najarian. mark haines declared the worst was over. since then all three major averages have surged, making this the third longest bull market on record. our question today, is that raging bull down or just hibernating? that debate begins right now. dr. j., is the bull market over or not? >> no. not with interest rate damn near zero across the globe. not with recovery going on in europe right now. the bull market is not done. there's no reason to believe it should be done at this point. >> pete? >> i tend to agree with jon. but i think it's getting fatigued. i think there's a little bit of tire. if it was a mile and you've run three lapse, we're on that fourth lap and it's hard to get that momentum back we've seen in the past. >> some may be listening to this conversation and saying, look, guys, why are we talking about whether the bull market's dead, it was over already. sectors biotech down 40% from the hi

. ♪ >>> welcome to "halftime report," i'm scott wapner. top trade today, growth versus value.hich is the better bang for your money? with us this hour, steve weise, josh brown, pete najarian and rich pzena, chairman, ceo and coast cio in. stocks moving lower this hour, led by energy names, higher lately as value has come back into favor over the past month. but is that truly the start of a longer lasting trend? that debate begins now. rich pzena, great to have you here. growth has crushed value over the last few years, as you know. is value back? >> it's hard to say whether it's back yet. i mean, it's been probably three weeks where the value has started to reassert itself. but after five years of underperformance of value versus growth, the spreads in valuation are at provocative levels. cheap stocks are as cheap as they get. expensive stocks are reasonably expensive. and that spread has widened to the point where in the past, if you -- tried to capitalize on it, you would have been really well-regarded. >> josh, year-to-date, value outperforming growth from the february 11th

i'm joe kernan along with becky quick and scott wapner. to be down not triple digits anymore. earlier that was the case. now down 92 points on the dow. the s&p down about 12. the nasdaq which was weak yesterday down another 30. this would snap a five-day winning streak but not from the nasdaq which was down yesterday with weakness in the f.a.n.g. stocks, facebook, apple, netflix and google. >> you see what noah blackstein sent it? it is the b.a.r.f. rallies. >> could take that a few ways. market warf the rbarf. >>> 10-year note. i thought it was was coming down a little bit today. it was up 1.9 -- oh, a look at energy first. there is the 10-year note. 1.85 this morning. oil had been on a good run, down fractionally today. >>> among stories making headlines this morning, global markets are under pressure due to new figures from china. the country saw a february exports drop more than 25% from a year earlier. that's the biggest drop since may of 2009. >>> nike suspending ties with tennis star maria sharapova after she revealed that she had f

if wapner cares, i care. >> but scott, that's why i think it's less important.hat's why i agree fully with you, steph. that this number -- >> but then what do you do? what do you rely on? >> it's not what we rely on -- >> the fed -- >> the fed is clearly siding on the jobs picture over the gdp number or you wasn't have a parade of more hawkish folks. >> they're going to take some caution from this, scott. i will say one thing, which is interesting to me. >> this whole conversation just -- it just irks me. we're back having the same kind of conversation as to whether the fed knows what it's talking about. whether they can accurately predict what's really happening in the economy. and this is yet another example to say, no, they can't. >> how do you do data-dependent policy when you can't depend on the data? that's really the question. >> and is it all depends on what data you're going to be looking at, right? your question last time with janet yellen was exactly that. what is the data? what's the next data that they're going to be looking at as the fed -- >> one

i'm becky quick along with joe kernen and scott wapner. andrew is off today. five days in a row of gains, you are seeing the markets give back some today. dow futures are down triple digits. a decline of about 128 points below fair value. s&p futures look like they would open down by about 17 points. the nasdaq would open off by close to 45. overseas in europe, you can see in the early trading some similar moves with the dax down by about 1.5%. the cac is off by 1.6%. the ftse by 0.9%. the nikkei

i'm scott wapner. our top trade this hour, has america's central bank lost it's mojo?or the hour today steven weiss, joe, and john and pete. less than two hours to go until janet yellen and company announce their decision on interest rates and the meeting could certainly set the stage for hikes in the months to come. our question today is this, has the fed lost it's way and at the same time its credibility? that debate begins right now. pete, has the fed lost it's kred? >> the reason i would answer the question yes is

. ♪ >>> welcome to "halftime report," i'm scott wapner. top trade today, growth versus value.oney? with us this hour, steve weise, josh brown, pete najarian and rich pzena, chairman, ceo and coast cio in. stocks moving lower this hour, led by energy names, higher lately as value has come back into favor over the past month. but is that truly the start of a longer lasting trend? that debate begins now. rich pzena, great to have you

i'm scott wapner. our top trade this hour, has america's central bank lost it's mojo? with us for the hour today steven weiss, joe, and john and pete. less than two hours to go until janet yellen and company announce their decision on interest rates and the meeting could certainly set the stage for hikes in the months to come. our question today is this, has the fed lost it's way and at the same time its credibility? that debate begins right now. pete, has the fed lost it's kred? >> the reason i would answer the question yes is because they have given us data that we're supposed to be looking at. we're supposed to interpret that data and figure out if they're going to raise or not. they told us we're going to raise at least three or four times. you don't see the three or four rate hikes. it doesn't seem like a possibility right now and is the data changing in front of us right now because we have no idea. it seems like they hit the various data points. >> job gains, joe continue, unemployment rate at 4.9% and yet we're still near zero interest rate policy. >> they have

scott wapner with the details there on the wells notice served to omega.reaction? we had the news cross initially that they were served a wells notice and you stayed could be nothing. >> it could be nothing. you know, where there's smoke there's fire. the s.e.c. threw a smoke bomb in there and there real el night not be nothing to it. i don't know if it's the duty that he has to report. remember, this is a civil action. i'm inclined to believe it. >> coming, valeant shares are jumping after a big shake-up and is there something fishy happening at the company. i'm melissa lee, first in business cnbc. >> here what else is coming up? >> i'm going to kill the bear. >> so are we. "fast" is talking to the player haters asking the biggest bears if they are about to change their tune. plus, is this man smiling? because he's beating the market this year and he says there's one group of stocks that are a screaming buy. mr. wonderful himself will explain when "fast money" returns. >>> welcome back to "fast money." shares of embattled pharma giant valeant losing 6% af

scott ackman telling scott wapner he believes pearson's return will be a relief to all the uncertainty. folks are very concerned about what else is going to come out, what we're going to see in the 10k, are there further issues. >> meg stay here, with valiant stock down 25% over the past two days alone is it time to cut losses or is this a buying opportunity. >> joining us patrick hazer, portfolio mag manager at braend wine. he has 1.3 million shares of valiant. he says the stock is cheap. it's a lot cheaper since we last talked. are you adding to your position at this point? >> we are adding to our position, yes. >> why? >> well, you know, one of the things that we have, there are a lot of people who bought at 150, 200, 250, aastronomical figures. our first purchase was under 80 so we don't have the baggage that a lot of people are carrying. the scc investigation, the washington journal is rrtding it's related to filla door. we're getting headlines over and over on the same seven percent of revenues. every time i've been on the show, i said 93% of the revenues aren't the issue here. t

i have to question, though, the wisdom of giving scott wapner a degree.stake. >> he's -- >> history degree. >> his degree is more valuable today. >> big check. the wapner endowed chair. back to you. >> he ran out of here. thank you. >>> we're well off the session lows. the dow is down by three quarters of a percent. the nasdaq, look at this, down 1%. and the s&p 500 down by .6%. >> we thought the ecd was doing all it could by lowering rates, buying more bonds, more types of bonds, corporate bonds, but they also embarked upon something new that may be the eurozone's answer to t.a.r.p. simon hobbs joins us with that story. >> the bank feels it needs some sort of balance sheet to get the banks to lend them because they have clearly as far as the market is concerned the liquidity problems. what the ecb is saying, look, are for the next four quarters, we will come to you, the banks, we'll lend you at zero interest rates as much money as you like, up to one-third of your eligible loan portfolio and if you decide to lend some of that money out, we will give you

and then scott wapner was talking about the ten year. the ten year at 190, in a real risk on, real risk on that ten-year will be up at 240, 235. >> the credit market is not suggesting as much confidence. >> not getting confirmation at all. >> if we're targeting 20, 20, or 2025 in the s&p 500, what would you be in? >> first of all, i think again we fade this rally. you're going to see it probably continue to grind higher, it will exist until the tens when the ecb meeting begins. i think you fade a beginning next monday, let's say tuesday, wednesday. i would walk away from equities now. i would look at medium term corporate bonds, 4.75% yield, that's the best place to be in the near term, best bang for your buck. i think we come back a little bit. and you step back on the long side of the higher quality names you've been keeping your eye on, when they come back, you step in and buy them. >> you're a little farther out on the risk spectrum. you recommend it in your letter today to buy the european financials etf. why? >> well, thatly was a

. >> scott wapner had spoken to ackman directly and made clear that they did not use leverage.tings move or this potential ratings move would not necessarily have an impact on the day to day business of pershing, i would imagine. >> again, it is interesting also because as we put up those charts of valeant and what not, this publicly traded entity is listed on the euro next in amsterdam. a european traded entity here for the company. an interesting move here with regard to a credit ratings agency, now weighing in on this particular company's performance. >> thank you, dom chu. want to bring in meg terrell. we were commenting on this. as you see there, shares are tanking again today. this is what -- we're going to break in here. the s&p turned positive for the year. so we have crossed that milestone just now. we're joining the dow in terms of turning positive for the year. the s&p 500 is positive now for 2016. we'll see if it can hold that going into this close today. continuing with this valeant story this is what s&p did yesterday to valeant's debt and now there are reports th