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Mar 6, 2016
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seema mody is at headquarters with a look at what drove the stocks. hey, seema. >> hey, melissa.trong week for emerging markets. the emerging market etf seeing its best week since december 2011 two in part to the rebound in oil prices, weakness in the dollar, encouraging news out of china. the bank announcing they are going to inject more liquidity and keep the yuan stable for now. the hang shang closed up by about 4%. the question on investor minds is whether this rally is sustainable. over the weekend china will unveil its updated growth forecast at the npc as well as its plans around fiscal stimulus. science of further spending on industrials would be widely seen as a positive for the stocks and economy and the upcoming european central bank meeting on thursday could also lift sentiment if mario draghi cuts rates deeper into negative territory. strategists say that would make emerging market bonds more attractive as yields in europe and japan would likely fall. lastly, keep an eye on u.s. economic data if it continues to surprise to the up side and that results in the dollar s
seema mody is at headquarters with a look at what drove the stocks. hey, seema. >> hey, melissa.trong week for emerging markets. the emerging market etf seeing its best week since december 2011 two in part to the rebound in oil prices, weakness in the dollar, encouraging news out of china. the bank announcing they are going to inject more liquidity and keep the yuan stable for now. the hang shang closed up by about 4%. the question on investor minds is whether this rally is sustainable....
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Mar 18, 2016
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seema moldy at headquarters with this story. seema? >> a stunning reversal for a select group of emerging markets. check it out. china now up 10% so far this month and india up 8% after unveiling its annual budget earlier this month, russia which has benefited from the rebound in oil prices and today the central bank said inflation is retreating and brazil, this is what's really captivated the attention of global investors, the stock market there up 22% on track for its best month since october 1999 due in part to the rebound in commodities and politics also a major driving force rising speculation that president rousseff who has been blamed for not implementing enough forms will be impeached and investors are now betting on a change in government. that not only helps stocks in brazil, but currency as well. the brazilian reial the best performing currency in 2016 and all the factors are happening the broader market etf as the rebound now up 12% in march and still trading at a sharp discount to the s&p 500 so valuation, that's also a bi
seema moldy at headquarters with this story. seema? >> a stunning reversal for a select group of emerging markets. check it out. china now up 10% so far this month and india up 8% after unveiling its annual budget earlier this month, russia which has benefited from the rebound in oil prices and today the central bank said inflation is retreating and brazil, this is what's really captivated the attention of global investors, the stock market there up 22% on track for its best month since...
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Mar 16, 2016
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thank you very much, seema mody. outside position because of its own outperformance and also this severe underperformance of the other parts of his portfolio. i mean, we were just talking about valeant pharmaceuticals for one, that's one and herbal life is another. >> 43 million share position so basically cut it in half. i mean, it's not coincidental that he was raising $800 million-ish with this which is probably what he lost over a day, day and a half and the valeant thing and right in context. he can say whatever he wants to. me this is raising money to offset the lousy position which is why by the way people are trying to run him in on things he's short of. for example, no coincidence that herbalife has had a pretty decent couple of days. >> canadian pacific, zoetis and mondelez is up 20% over the past 12 months and up 6% the past month. >> relative to valeant everything is going to be an outperform if you price everything based on valeant. remember eddie l ha mpert bought on sears holding and his whole fund bec
thank you very much, seema mody. outside position because of its own outperformance and also this severe underperformance of the other parts of his portfolio. i mean, we were just talking about valeant pharmaceuticals for one, that's one and herbal life is another. >> 43 million share position so basically cut it in half. i mean, it's not coincidental that he was raising $800 million-ish with this which is probably what he lost over a day, day and a half and the valeant thing and right in...
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Mar 30, 2016
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seema, thank you. b.k.ad been talking about blackrock just yesterday. >> i'm actually short blackrock and talked about it at the beginning of the show saying this is not a great environment for the financial in general, particularly capital markets and we're seeing it here. blackrock has big sovereign wealth investors in some of their biggest funds and the etf area and seen a fair amount of flows and if you're looking at a low-volume environment and kind of a muddle three environment at best, that's not going to be good for blackrock. >> totally agree with what brian is saying. totally uber competitive industry and competition has gotten ridiculous hand more efficient, too. i don't think this is a sign of lack of health at blackrock, and i wouldn't impute on the economy but on the etf industry. >> final trade, let's go around the horn. tim seymour? >> best of breed oil companies. i believe that buying oil likes occidental today is a good trade for not only tomorrow but six months out. >> seaburg? >> i'm loo
seema, thank you. b.k.ad been talking about blackrock just yesterday. >> i'm actually short blackrock and talked about it at the beginning of the show saying this is not a great environment for the financial in general, particularly capital markets and we're seeing it here. blackrock has big sovereign wealth investors in some of their biggest funds and the etf area and seen a fair amount of flows and if you're looking at a low-volume environment and kind of a muddle three environment at...
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Mar 28, 2016
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melissa. >> seema, thank you. seema mode.ete najarian, you're a big footlocker fan. >> i love this name, and i think they would be performing better than it has. we watched some of the moves and some of the other athleisure names. you would expect footlocker to really react better than it has. it has not and look at this thing from a valuation perspective and trading at 15 times earnings. i like this name. going to the s&p, a lot of people are going to start to jump at this. i actually think you're not chasing it if you decide to go after it. >> nike says direct to consumers stronger about athleisure at finish line. >> did you see finish line's numbers last wyche? they had some disappointing projections going forward, but numbers were very strong, and it seems like they are starting to get their act together, so, yes, they have got to compete. >> the big picture for all the businesses though is nike's squeezing margins, and that to me is something that you have to face and that's why i would be buying any weakness in nike and
melissa. >> seema, thank you. seema mode.ete najarian, you're a big footlocker fan. >> i love this name, and i think they would be performing better than it has. we watched some of the moves and some of the other athleisure names. you would expect footlocker to really react better than it has. it has not and look at this thing from a valuation perspective and trading at 15 times earnings. i like this name. going to the s&p, a lot of people are going to start to jump at this. i...
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Mar 19, 2016
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seema has the story. >> a stunning reversal for a select group of emerging markets. china up 10% this month, india up 8% after unveiling the annual budget. russia which has been benefited from rebound in oil prices today central bank said inflation is retreating and gdp will turn positive in late 2016. brazil, this is captivated the attention of global investors, stock market there up 22% on track for its best month since october 1999. do in part to the rebound in commodities and politics a major driving force rising speculation that president rouseff will be impeached and investors are betting on a change in government. not only helped stocks in brazil but currency as well, the best performing global currency in 2016, up 9%. all of these factors helping the broader emerging market etf, emm rebound now up 12% in march and still trading at a sharp discount to the s&p 500. valuation, that's also a big part of the discussion here. >> seema mody, thank you. valuations are relatively cheap. what do you think? >> the reason they are cheap, if you look at something like emm
seema has the story. >> a stunning reversal for a select group of emerging markets. china up 10% this month, india up 8% after unveiling the annual budget. russia which has been benefited from rebound in oil prices today central bank said inflation is retreating and gdp will turn positive in late 2016. brazil, this is captivated the attention of global investors, stock market there up 22% on track for its best month since october 1999. do in part to the rebound in commodities and politics...
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Mar 23, 2016
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>> thank you, seema. a 20-year-old story almost of its own, mike, but this is a big move in the shares now, which might be ceasing out they may be able to move forward. >> an interesting twist. this suggests that at least a judge thinks that the government overreached that really it was not a big threat. people have been saying that forever, that basically these are two diminished retail franchises. >> and the most excitement this space has seen in a very, very long time. >>> valeant is rallies today. up next we'll tell you why you may own the stock in your retirement portfolio and not even know it. >>> plus a look, for a new cars and suvs. stay tuned. one crest 3d white smile... ...is all it takes... ...to turn the tables. crest 3d white toothpaste... ...removes 5 times more stains... ...than the red box. for a smile like that, crest 3d white... is the way to whiten. it begins from the the second we're born.er. because, healthier doesn't happen all by itself. it needs to be earned every day. using wellne
>> thank you, seema. a 20-year-old story almost of its own, mike, but this is a big move in the shares now, which might be ceasing out they may be able to move forward. >> an interesting twist. this suggests that at least a judge thinks that the government overreached that really it was not a big threat. people have been saying that forever, that basically these are two diminished retail franchises. >> and the most excitement this space has seen in a very, very long time....
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Mar 3, 2016
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. >> seema modi at headquarters. its borders, china reportedly planning to layoff 5 to 6 million workers in the next few years to curb overcapacity and pollution. for a closer look what's going on. we welcome jeremy haft, unmade in china. that sounds like a trump speech, jeremy. >> whether you get down to the ground of the factory and farm, things are not quite as they seem from the u.s. perspective? >> what are things like? >> beijing has done a great job in convincing the world is that it was a stock market and it's not, never intended to be a stock market. it was set up to transfer capital from one part of the government to the other part of the government. the striations don't give an indication of what the real economy is like on the ground and stuff is better but it's actually a lot worse. >> don't one on other hand. it's been a long day. >> at least the market is up, i hear you. it's a lot better because there's a lot of debt in the corporate sector in china and government, but chinese households are great sav
. >> seema modi at headquarters. its borders, china reportedly planning to layoff 5 to 6 million workers in the next few years to curb overcapacity and pollution. for a closer look what's going on. we welcome jeremy haft, unmade in china. that sounds like a trump speech, jeremy. >> whether you get down to the ground of the factory and farm, things are not quite as they seem from the u.s. perspective? >> what are things like? >> beijing has done a great job in convincing...
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Mar 23, 2016
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seema, i'll go to you first. the president called mr. macri a man in a hurry because really since november he has done quite a bit to try and turn around argentina's ailing economy. >> absolutely. in general, president obama's visit is widely seen as an endorsement of president macri's economic policy. if you speak to an emerging market invest,er, they'll say macri has unveiled a series of market oriented reforms since becoming president in december, and ending the 15 year long debt battle. that's one reason we have seen the stock market rally. it is up about 8% so far this year on hopes there will be further change to come and that all this will help argentina internationalize its economy, which it desperately needs. they're dealing with slowing growth and rampant inflation. >> steve wise, it brings up the question as to whether there are places outside the united states that remain attractive for u.s. investors to be, especially one that has a new leader, an approval rating better than 60%. you can see both presidents wrapping up their
seema, i'll go to you first. the president called mr. macri a man in a hurry because really since november he has done quite a bit to try and turn around argentina's ailing economy. >> absolutely. in general, president obama's visit is widely seen as an endorsement of president macri's economic policy. if you speak to an emerging market invest,er, they'll say macri has unveiled a series of market oriented reforms since becoming president in december, and ending the 15 year long debt...
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Mar 3, 2016
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the company did report better than expected earnings last week. >> seema, thanks. let's discuss this. the way i understand it is these numbers are viewed in the analyst community, at least most of the analyst community like same store sales are for the retailers. like comps. so it's a key metric to try to determine the growth rate of new members. the previous number they reported was 16.7 worldwide active new member growth and 71% in the u.s. the new numbers again 16 and 71. the new numbers are 3 and 30. that's a huge discrepancy from what the company initially reported and is probably why the stock was down earlier. how do you view that? >>er rant information. that's the critical input. we still don't know what's happening with the governments case. this is one stock that i wouldn't go near. there's too much hair on it and i'm not a big believer in the model or the social value of the company. it's unanalyzable. >> it's a me trick that herbalife itself created. now the bull case is and i talked to some that say i don't model after this. they corrected it and their
the company did report better than expected earnings last week. >> seema, thanks. let's discuss this. the way i understand it is these numbers are viewed in the analyst community, at least most of the analyst community like same store sales are for the retailers. like comps. so it's a key metric to try to determine the growth rate of new members. the previous number they reported was 16.7 worldwide active new member growth and 71% in the u.s. the new numbers again 16 and 71. the new...
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Mar 30, 2016
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seema, thank you. >>> what do you think? crowded space. >> it's very crowded space. >> they have a couple initiatives. they do shop house, which i they is the chinese/asian approach. i haven't been, obviously. >> a pizza chain? >> sitting in a room with a corporate board and somebody says what is the next growth area, and somebody says hamburgers? really? >> they have taken off the last couple years. it is a crowded field out there. >> very crowded. >>> we have ten minutes to go. dow is up 89. >> up next, we've got someone who says risk of a u.s. recession will rear its head again, that would be a potential concern for the markets. she'll explain why, coming up. economy is growing, ,e with creative new business incentives, and the lowest taxes in decades, attracting the talent and companies of tomorrow. like in buffalo, where the largest solar gigafactory in the western hemisphere will soon energize the world. and in syracuse, where imagination is in production. let us help grow your company's tomorrow
seema, thank you. >>> what do you think? crowded space. >> it's very crowded space. >> they have a couple initiatives. they do shop house, which i they is the chinese/asian approach. i haven't been, obviously. >> a pizza chain? >> sitting in a room with a corporate board and somebody says what is the next growth area, and somebody says hamburgers? really? >> they have taken off the last couple years. it is a crowded field out there. >> very crowded....
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Mar 23, 2016
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>> thanks very much, seema mody. want to go to b.k.ause his final trade was itb, builders. >> i can quickly go from here to zero. itb down 1.5% and looked fantastic after this. see what happens tomorrow. if you followed me that, use today's high as your stop out of that. now this doesn't square. what k.b. reported doesn't necessarily square with the broader picture data that we're getting from the home sector. you also look at average hourly wages versus home price increases. home prices have increased tremendously, so for me i'm going to remain bearish in general on the housing sector until you start to see earnings. >> the offset to increasing home prices is mortgage rates have still remained low. on a monthly payment basis, it's okay. >> it's a lot easier. >> yeah. >> what's interest, i kind of think housing is going to recover by 2017 to historic levels which means that these guys are drastically underperforming. this stock going into the numbers has rallied 30% off the lows. doesn't mean though that maybe the lows weren't excessiv
>> thanks very much, seema mody. want to go to b.k.ause his final trade was itb, builders. >> i can quickly go from here to zero. itb down 1.5% and looked fantastic after this. see what happens tomorrow. if you followed me that, use today's high as your stop out of that. now this doesn't square. what k.b. reported doesn't necessarily square with the broader picture data that we're getting from the home sector. you also look at average hourly wages versus home price increases. home...
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Mar 24, 2016
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. >>> now, we're going to bring in seema mody. here's the news. >> mixed day.ow gaining 13, s&p 500 ending lower by 1 but the nasdaq pulled out a gain around 5 points. next week a big economic calendar, u.s. personal income and pending home sales monday with the big data point friday jobs report for march. watch out for that. i'm seema mody. and i'd like to... cut. so i'm gonna take this opportunity to direct. thank you, we'll call you. evening, film noir, smoke, atmosphere... bob... you're a young farmhand and e*trade is your cow. milk it. e*trade is all about seizing opportunity. ...another anti-wrinkle cream in no hurry to make anything happen. neutrogena® rapid wrinkle repair works... ...in one week. with the... fastest retinol formula ailable. it's clinically proven to work on fine lines and... ...even deep wrinkles. "one week? that definitely works!" rapid wrinkle repair. and for dark spots, rapid tone repair. neutrogena®. "see what's possible." and we are theic plays) hbug chicks.ie and i'm jess. we are a nano-busins. windows 10 really helps us get the w
. >>> now, we're going to bring in seema mody. here's the news. >> mixed day.ow gaining 13, s&p 500 ending lower by 1 but the nasdaq pulled out a gain around 5 points. next week a big economic calendar, u.s. personal income and pending home sales monday with the big data point friday jobs report for march. watch out for that. i'm seema mody. and i'd like to... cut. so i'm gonna take this opportunity to direct. thank you, we'll call you. evening, film noir, smoke,...
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Mar 2, 2016
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seema mody has more. seema? >> that's right.arl icahn, the biggest shareholder in chesapeake energy and we've been following the reaction to aubrey mcclendon's death from individuals in the energy space and activist investor carl icahn tweeting out aubrey mcclendon was one of the brightest men i've ever dealt with. i've personally always found him to be a gentleman in our interactions. carl icahn calls to say i'm saddened to have heard the news and as i said, kelly, icahn associates holds an 11% stake in chesapeake and, of course, they have an active investor in that stock. back to you, kelly. >> all right. seema, thank you. you know, we're just asking again about -- a couple of things. chesapeake the company itself obviously but, again, his involvement with that ended a couple of years ago. chesapeake has put out a statement as well today but pretty much, you know, that kind of says all you need to hear from the company on that front. >> without a doubt. >> what's interesting about icahn. he's one of the guys, it's all business
seema mody has more. seema? >> that's right.arl icahn, the biggest shareholder in chesapeake energy and we've been following the reaction to aubrey mcclendon's death from individuals in the energy space and activist investor carl icahn tweeting out aubrey mcclendon was one of the brightest men i've ever dealt with. i've personally always found him to be a gentleman in our interactions. carl icahn calls to say i'm saddened to have heard the news and as i said, kelly, icahn associates holds...
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Mar 7, 2016
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seema has details. >> a couple of contributors were contributing to this.rom the portfolio managers that follow emerging markets closely, they'll tell you that the key catalyst is china, the national people's congress widely seen as the biggest political event of the year, kicked off this weekend where they dismissed any signs of economic slowdown announcing plans to widen the deficit and shut down excess capacity in the industrial sector. those helping lift commodity prices and sentiment across emerging markets and countries that are highly dependent on commodities like russia and brazil and south africa. more than 4% over the past week. also at play is the weakness in the u.s. dollar due to this expectation that the fed won't pursue an aggressive tightening cycle. that's sparking a reality but the question is how long will this last? there are still plenty of risks out there. fundamental story hasn't changed. brazil is still in recession, russia dealing with high inflation and while those china worries seem to have eased for now, wall street is still bett
seema has details. >> a couple of contributors were contributing to this.rom the portfolio managers that follow emerging markets closely, they'll tell you that the key catalyst is china, the national people's congress widely seen as the biggest political event of the year, kicked off this weekend where they dismissed any signs of economic slowdown announcing plans to widen the deficit and shut down excess capacity in the industrial sector. those helping lift commodity prices and sentiment...
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Mar 20, 2016
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. >> seema, thank you. valuations are relatively cheap, what do you think? >> the reason the valuations are cheap, if you take a look at something like eem, the biggest sector represented there are financials. and that also tends to be the cheapest. this is the sector that has been underperforming equities globally for the whole year. so there is a bit of a catchup trade that you could potentially play here, whether you're looking at the banks or eem where financials are very well represented. even if we saw weakness in the broad equity market, this is an area that could play some catchup, so i don't mind making a bullish trade here. could you do a call spread remembers risk reverse a selling the may 30s for 30 cents. 37 represents an area where we have seen some resistance, and 31 is an area of some support. we did see a loafw of 28 and change. >> what do you think of the trade? >> i like the target that he has on the call spread to the upside, if you look at the eem it's right at that 200-day moving average. it also could fail. i like defining the risk to
. >> seema, thank you. valuations are relatively cheap, what do you think? >> the reason the valuations are cheap, if you take a look at something like eem, the biggest sector represented there are financials. and that also tends to be the cheapest. this is the sector that has been underperforming equities globally for the whole year. so there is a bit of a catchup trade that you could potentially play here, whether you're looking at the banks or eem where financials are very well...
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Mar 24, 2016
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>> we know. >> it looks like the old one. >> seema?es of game stop it is reporting earnings after the bell. revenue of $3.57 billion. it is up 10% year to date. we'll see what happens when it reports tonight. >> thanks for watching guys. >> happy easter, everybody. see you monday. >> hi, everybody, welcome to "closing bell." i'm kelly evans. >> and i'm bill griffeth, stocks on track to break the five-week winning streak. we're down for the week and this is the last trading day of the week and last trading hour. we'll look at what's causing the five week rally to fizzle out. >> new rules to curb wall street bonuses are expected next month. we'll tell you what they are and which firms could be impacted the most. >> now, would you pay 10 cents to read an article online? how about 50 cents? we're going tont
>> we know. >> it looks like the old one. >> seema?es of game stop it is reporting earnings after the bell. revenue of $3.57 billion. it is up 10% year to date. we'll see what happens when it reports tonight. >> thanks for watching guys. >> happy easter, everybody. see you monday. >> hi, everybody, welcome to "closing bell." i'm kelly evans. >> and i'm bill griffeth, stocks on track to break the five-week winning streak. we're down for the...
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Mar 21, 2016
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seema?> some thoughts on donald trump, he says he foresees a global growth scare through the end of the summer based on a donald trump nomination. gundlach says the risk reward in the market is so bad right now because you had this easy rally perhaps referencing the recent rebound in the stock market over the past three to four weeks. lastly in regard to central bank policy, he says federal reserve officials' rhetoric flip flopped like crazy in the last several months. that's not just here in the u.s. but across the world specifically in europe. those are the thoughts from gundlach, back to you. >> he's been no fan of the fed and their policy so -- not surprising he would be criticizing, thank you, seema. >> valeant ceo mike pearson is out. hi, meg. >> the stock of valeant is up finally turning around what's been a terrible run in the last couple of weeks with the news of the shake-up at the top. big ackman and pearson on the way out. they are asking will they start to sell assets, we look a
seema?> some thoughts on donald trump, he says he foresees a global growth scare through the end of the summer based on a donald trump nomination. gundlach says the risk reward in the market is so bad right now because you had this easy rally perhaps referencing the recent rebound in the stock market over the past three to four weeks. lastly in regard to central bank policy, he says federal reserve officials' rhetoric flip flopped like crazy in the last several months. that's not just here...
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Mar 29, 2016
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>> thank you, seema.a couple of names there as we start to look at tomorrow's trading session, guys. but obviously it seems like the focus immediately will be on the payroll figure. the only thing that can happen there though is that it weakens because the job growth has been so strong >> you know it, seems to me that what yellen said was reduce the stakes a little bit on the job, in other words, we can deal with a strong jobs number because it doesn't have implications for an april move and maybe it does for june and the other focus is the financial stocks. the one thing to quibble with is they were down, down before yellen and after yellen. >> news but financials is what our guest told us. >> depends if you're a short or long-term investor. i bought bank of america when it was 11 and change and if you're a long-term investor and once things shift and eventually they have to and we're all in big trouble that that's a great opportunity for those kinds of quality names that are trading at a fraction of boo
>> thank you, seema.a couple of names there as we start to look at tomorrow's trading session, guys. but obviously it seems like the focus immediately will be on the payroll figure. the only thing that can happen there though is that it weakens because the job growth has been so strong >> you know it, seems to me that what yellen said was reduce the stakes a little bit on the job, in other words, we can deal with a strong jobs number because it doesn't have implications for an april...
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Mar 4, 2016
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>> seema, thank.as already a top performer in the dow today. >> without a doubt. very interesting. been the big kind of unanswered question as to whether longtime rival directly of these two companies, and, you know, if they did, dow and dupont get together, it is a big threat to basf. >> the euro and all the things that will fit into it, plus, of course. any trust on two continents. true? >> evan? >> one of the things that is stuck in brussels for about a decade. >> you know, look, i don't know, i don't know how it's going to turn out, but these deals in general, these are good deals in the sense that strategically plus or minus they bake sense. not some lbo fund coming in there trying to pick at pieces. i'm not saying how it's going to turn out, but the good news about all the m & a activity really over the last couple of years is generally it's kind of strategic, generally makes sense. >> a lot of times it hasn't been approved if it's too overlapping. >> that's the problem when things make sense. t
>> seema, thank.as already a top performer in the dow today. >> without a doubt. very interesting. been the big kind of unanswered question as to whether longtime rival directly of these two companies, and, you know, if they did, dow and dupont get together, it is a big threat to basf. >> the euro and all the things that will fit into it, plus, of course. any trust on two continents. true? >> evan? >> one of the things that is stuck in brussels for about a decade....
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Mar 9, 2016
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i'm seema mody with some breaking news.ernational securities exchange from deutch for $is.1 billion and they plan to fund this deal from a mix of debt and cash on hand. the international securities exchange is the operator of three electronic option exchanges. bob grifeld, the ceo, says equities have been core to their busines business. for now, bill and sarah, back to you. >> thanks, seema. >> clearly continuation and they are considering a reannounced merger with the london stock exchange. nasdaq bolsters the options and it's been the source of volume growth in securities exchanges right now. >> too many exchanges out there right now. it's too complicated. >> not just that, but in terms of really gaining synergy, if you look at markets and the condoll days that's happening, the ability to consolidate back in to integrate technologies is something that makes a lot of sense, not just for the companies but for the customers, so i would imagine they would see that try to continue, sure. >> notable to see the billion dollar de
i'm seema mody with some breaking news.ernational securities exchange from deutch for $is.1 billion and they plan to fund this deal from a mix of debt and cash on hand. the international securities exchange is the operator of three electronic option exchanges. bob grifeld, the ceo, says equities have been core to their busines business. for now, bill and sarah, back to you. >> thanks, seema. >> clearly continuation and they are considering a reannounced merger with the london stock...
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. >> seema, thank you. michelle at the nasdaq. >> we're here for the cuba -- cnbc is the official broadcaster of the cuba opportunity summit. that's why we're here. one small american company is banking on very big business in cuba, florida-based stonegate bank, offering certain financial services within cuba. and also opening a bank account for the cuban government. i'm joined now by dave saleski of stonegate bank. how is it that a small florida-based company, florida-based bank, becomes the bank that ends up opening a bank account for the cuban government here in the united states and offering financial services in cuba? >> wasn't planned. i was driving along one day, about maybe 14, 15 months ago and one of my customers who did do business in cuba, which we made transfers for, was having lunch with the undersecretary of cuban affairs, mark wells, and they called me up and said, hey, would you be interested in ba banking what was the cuban interest banking section. they have been without banking services,
. >> seema, thank you. michelle at the nasdaq. >> we're here for the cuba -- cnbc is the official broadcaster of the cuba opportunity summit. that's why we're here. one small american company is banking on very big business in cuba, florida-based stonegate bank, offering certain financial services within cuba. and also opening a bank account for the cuban government. i'm joined now by dave saleski of stonegate bank. how is it that a small florida-based company, florida-based bank,...
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back to you. >> rick santelli, thank you. >> seema mody, market flash. >> i want to point your attentionto shares of sea drill in norway. the stock is nearly doubled in one day. and a confluence of factors at play here. the rebound in oil prices forcing traders to cover their shorts. plus, top shareholder john frederickson is reportedly freeing up cash, selling shares in a different company, marine harvest, seafood company, valuing that at around $517 million, there is speculation that he may inject that cash into sea drill and the stock is on track for the best day in seven years, sea drill, a norway offshore player. >> a thought? >> i got a note from a trader yesterday. i'm sure you -- on fast money you talked about this, i'm sure. this is a huge short squeeze. there may be money coming in. this was one of the most beaten up, a $40 stock a year ago, companies, looked like it would go under, maybe the cash infusion, i can see your sea drill and raise you a cliff's natural, not up as much. marathon, we pointed out, up 12%. i have a feeling that short squeezes may be a topic of interest o
back to you. >> rick santelli, thank you. >> seema mody, market flash. >> i want to point your attentionto shares of sea drill in norway. the stock is nearly doubled in one day. and a confluence of factors at play here. the rebound in oil prices forcing traders to cover their shorts. plus, top shareholder john frederickson is reportedly freeing up cash, selling shares in a different company, marine harvest, seafood company, valuing that at around $517 million, there is...
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. >> thank you, seema mody. feel like every quarter, every six months, with e -- people speak of the demise of gamestop. >> this stock's been beaten down. i don't see it as being a viable long-term investment. for a trade, down 5% from where it closed, what's that, about $28 or something like that, i think it's actually worth taking a look at from a trading perspective. maybe wait a day or two. the shortages are extremely high here. i think 4.9% dividend yield on this story. i look at it and say, it's worth a short-term trade here. down 5% in the after-hours. >> for a trade. but i wouldn't buy it for that dividend. if it is a melting ice cube or barnes & noble, radio shack, whatever you want to call it -- hanging on. games are really big. if you want to buy anything, who makes insulin? you have all these kids drinking soda playing these games. >> it's not bad. it's good. demise has been much slower. >> the top trade tonight is twitter. quite the interesting take on this stock. the firm today saying it could eith
. >> thank you, seema mody. feel like every quarter, every six months, with e -- people speak of the demise of gamestop. >> this stock's been beaten down. i don't see it as being a viable long-term investment. for a trade, down 5% from where it closed, what's that, about $28 or something like that, i think it's actually worth taking a look at from a trading perspective. maybe wait a day or two. the shortages are extremely high here. i think 4.9% dividend yield on this story. i look...
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seema mody has that story back at headquarters. >> that's right. one of the most powerful men on wall street has died. the well respected bond trader spent 38 years at solomon brothers and stepped down as ceo in 19919. he was featured prominently in the poker book. gutfreund was 86. ♪ in new york state, we believe tomorrow starts today. all across the state, the economy is growing, with creative new business incentives, and the lowest taxes in decades, attracting the talent and companies of tomorrow. like in buffalo, where the largest solar gigafactory in the western hemisphere will soon energize the world. and in syracuse, where imagination is in production. let us help grow your company's tomorrow - today - at business.ny.gov >>> shares of first solar earned more than 2% and some traders are betting the stock could hit new highs. dan is over at the smart board with all the action. dan in. >> options volume was hot today and the stock was trading pretty well. calls were four times that of puts and today when the stock was trading at 58 bucks there
seema mody has that story back at headquarters. >> that's right. one of the most powerful men on wall street has died. the well respected bond trader spent 38 years at solomon brothers and stepped down as ceo in 19919. he was featured prominently in the poker book. gutfreund was 86. ♪ in new york state, we believe tomorrow starts today. all across the state, the economy is growing, with creative new business incentives, and the lowest taxes in decades, attracting the talent and...
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seema? >> hp enterprise completed its first full quarter as an independent company since it split.s already seeing the benefits, saying customers better understand the company's strategy. the ceo of hp enterprise said its innovation engine is firing on all areas, which is driving strong results. now, comments on the tech giant's cash flow, affected by seasonality and timing. but it does expect cash flow to improve as they move into the year. hp also reiterating its commitment to returning cash to shareholders. and that share repurchases will be the preferred method to return capital. whitman also had positive comments on china. and its deal with xinhua. listen in. >> as we've discussed before, we are seeing strength in china, as customers anticipate the completion of the deal with xinhua that we announced last year. we're working through the final regulatory approval with china and expect the deal to close by the end of may. >> up about 6% after hours. the company did report better than expected earnings. keep in mind, melissa, the stronger dollar continues to be a good headwind fo
seema? >> hp enterprise completed its first full quarter as an independent company since it split.s already seeing the benefits, saying customers better understand the company's strategy. the ceo of hp enterprise said its innovation engine is firing on all areas, which is driving strong results. now, comments on the tech giant's cash flow, affected by seasonality and timing. but it does expect cash flow to improve as they move into the year. hp also reiterating its commitment to returning...
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. >> seema, thank you. >>> canadian pacific, this is interesting. this is a bill ackman name. about many of his positions. frankly because many of the positions are doing horribly. valiant being one of them in the news lately. >> i don't know. call me a conspiracy theorist but i can't help but think it wouldn't be a bad thing if canadian pacific were or the involved in some consolidation, that would help the stock. i think the timing is odd. >> why? elaborate, conspiracy theorist. >> well, just that -- you know, bill ackman as you said has been under quite a bit of pressure. one way to relieve that pressure is to have one of his positions move up nicely. >> a little distraction. >> and maybe a little -- if it were to be people -- people thought he was on the right track again, maybe we'll take the positions off. >> this is company that's actually been pretty aggressive about trying to do something somewhere. csx over the last six months there's paper in this the options world in absolute size and nothing has come of it. the stock has done very little despite the fact that's hu
. >> seema, thank you. >>> canadian pacific, this is interesting. this is a bill ackman name. about many of his positions. frankly because many of the positions are doing horribly. valiant being one of them in the news lately. >> i don't know. call me a conspiracy theorist but i can't help but think it wouldn't be a bad thing if canadian pacific were or the involved in some consolidation, that would help the stock. i think the timing is odd. >> why? elaborate,...
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first up, cnbc's seema mody, the market wrap for the day. >> stocks ending in the green st. day, dow jumping 155, s&p 13, and nasdaq up 11. jobless claims rose less than expected climbing by 7,0 to 265,000. job openings increased in january to 5.pa million. hiring rate ticked lower to 3.5%. shares of caterpillar rose 2%. the company cut first quarter revenue and earnings guidance but is comfortable with full-year forecast. that's it for cnbc. a flight using your airline credit card miles. and surprise! those seats sometimes cost a ridiculous number of miles, making it really hard to book the flight you want. luckily, there's a better way... with the capital one venture card. with venture, you'll earn unlimited double miles on every purchase, every day. and when you're ready to travel, just book the flight you want, on any airline, then use your miles to cover the cost. now you're getting somewhere. what's in your wallet? and we are the bug chicks. and i'm jess we are a nano-business. windows 10 really helps us get the word out about how awesome bugs are. kids learn to be bra
first up, cnbc's seema mody, the market wrap for the day. >> stocks ending in the green st. day, dow jumping 155, s&p 13, and nasdaq up 11. jobless claims rose less than expected climbing by 7,0 to 265,000. job openings increased in january to 5.pa million. hiring rate ticked lower to 3.5%. shares of caterpillar rose 2%. the company cut first quarter revenue and earnings guidance but is comfortable with full-year forecast. that's it for cnbc. a flight using your airline credit card...
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>> thank you very much, seema mody. now call me a skeptic, but that doesn't seem like much of a pay increase, karen. >> obviously tied to insentives. >> sort of like the hitter, you know, whose team came in last and looking for a raise and he's like i can come in last without you. >> sports metaphor. >> yeah. >> it's hard to see. this company is strapped for cash. i don't know the specifics, but, wow, on the surface, and probably firing people left and right. >> cap "x," op-"x," things that the company can even run its business. can't claim to know what the contract says. >> i'm in some putts and this just sort of adds to the conviction that i have that it's more negative than positive and if you're cutting back everywhere else how can you say after being down 77% you've done an outstanding job. >> who bumped this guy's pay up? >> that's amazing. >> i'll tell you what, i'll do the job for half the money. >> move of the day, home builders etf, more than 1.5% and it was a good news out of linnaar that helped to boot the e
>> thank you very much, seema mody. now call me a skeptic, but that doesn't seem like much of a pay increase, karen. >> obviously tied to insentives. >> sort of like the hitter, you know, whose team came in last and looking for a raise and he's like i can come in last without you. >> sports metaphor. >> yeah. >> it's hard to see. this company is strapped for cash. i don't know the specifics, but, wow, on the surface, and probably firing people left and right....
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. >> thanks, seema. coming up next, we've got the final trade. de.rade? >> i love fedex, i think it's going higher. there are buyers, i'm in. it is going higher. >> brian kell? >> start of the show talking about mlps. you short hyg on the news that came out. >> david sieberg? >> xme, a metal and mine etf, too far too fast. i'd be taking profits here. >> grasso? >> i feel like i should be guy tonight. was it a nice show? >> compliment me on my hair and then say something -- >> sealed air. sealed air, i smoke to management. they are very build up for very good reasons. sealed air. keep it on the short stock in case the overall market does not cooperate. >> giddy-up. >> now we've got a full guy. i'm melissa lee. thanks so much for walking. see you back tomorrow here at 5:00 for more >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a work somewhere. i promise to help you find it. mad money starts now. >> hey, i'm cramer. welcome to mad money. welcome to cramerica. my job is not to just ent
. >> thanks, seema. coming up next, we've got the final trade. de.rade? >> i love fedex, i think it's going higher. there are buyers, i'm in. it is going higher. >> brian kell? >> start of the show talking about mlps. you short hyg on the news that came out. >> david sieberg? >> xme, a metal and mine etf, too far too fast. i'd be taking profits here. >> grasso? >> i feel like i should be guy tonight. was it a nice show? >> compliment me on...
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. >>> i'm seema mody with a market check. healthcare facilities standing out as one of the best performing industry groups. shares of tenet healthcare, community health, universal health and hca all trading higher. and this despite the s&p healthcare sector underperforming the broader market, falling at nearly 1%. again, a bit of a standout in today's market. >> seema, thank you very much. >>> well, overall, your investments appear to be at a bit of an inflexion point right now, considering this for the first six months of the year stocks tumbled and bonds soared. the past two weeks or so, we achieved a measure of calm as price movements slowed and people have time to re-evaluate. let us take this time to get a measured view of where we may be headed. mark keisel of pimco joining us now. we're going to get to your views on markets and where to invest in a second. given everything going on, when you go into your investment meetings, how much do politics and the presidency play in any strategy perspective? >> well, i think it m
. >>> i'm seema mody with a market check. healthcare facilities standing out as one of the best performing industry groups. shares of tenet healthcare, community health, universal health and hca all trading higher. and this despite the s&p healthcare sector underperforming the broader market, falling at nearly 1%. again, a bit of a standout in today's market. >> seema, thank you very much. >>> well, overall, your investments appear to be at a bit of an inflexion...
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i i'm seema mody. the move comes just days after the struggling solar company delayed filing.ling its annual report amid an internal probe. shares are off more than 60% just this year. carl? >> see ma, thank you very much. >>> meantime former presidential candidate mitt romney will lay out his later. john harwood with the latest. john? >> here's why it's urgent for republican leaders who want to stop mitt romney -- excuse me -- stop donald trump to act out right now. take a look at these poll numbers from michigan, which is the big upcoming primary next tuesday. donald trump has got a double digit lead. if he wins that state, it gives him momentum. makes it difficult to slow down. so the 2012 nominee, mitt romney leader of establishment republicans if you like that phrase is takes him nona in a blistering speech. he calls him a huckster, a fraud, a phoney. he's going to say that donald trump, his words are as valuable as a degree from trump university, he's playing americans for circumstances and all they're going to get is a hat. he says his foreign policy is dangerous and ec
i i'm seema mody. the move comes just days after the struggling solar company delayed filing.ling its annual report amid an internal probe. shares are off more than 60% just this year. carl? >> see ma, thank you very much. >>> meantime former presidential candidate mitt romney will lay out his later. john harwood with the latest. john? >> here's why it's urgent for republican leaders who want to stop mitt romney -- excuse me -- stop donald trump to act out right now. take a...
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our seema mos uh with more on that. >> he had a lucky escape.is hotel since the bombings. but not just because he's afraid of terrorist attacks. >> i stay in the hotel for two days, i even did not go out because i was scared what will be the people's reaction because of my beard or because i am muslim, i am from pakistan. second i was scared because of the forces, the police. they're doing their job. i'm not saying -- they're doing it for the people's safety. but i don't want to be in that trauma situation where they will be keeping me four to five hours. >> reporter: his wife and family were concerned about racial attacks and a backlash against muslims. his company advised him not to traflt. >> i was scared because of the bag, if i go from one train station to another with my suitcase. and with my appearance. his fears are not unfounded. on sunday right-wing protesters charged through the memorial in place de la bourse. stamping on flowers, raising nazi salutes. just a day before, members of brussels' muslim community came out to show solidarit
our seema mos uh with more on that. >> he had a lucky escape.is hotel since the bombings. but not just because he's afraid of terrorist attacks. >> i stay in the hotel for two days, i even did not go out because i was scared what will be the people's reaction because of my beard or because i am muslim, i am from pakistan. second i was scared because of the forces, the police. they're doing their job. i'm not saying -- they're doing it for the people's safety. but i don't want to be...
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i didn't seema mariah because she hadn't started yet. >> who? >> i saw britney. >> i'm playing. that's what mariah said about jennifer one time. i'm not trying to say anything. >> she's forgetful, i guess. we've met many times. >> j.lo may be throwing a little her way. depends how you read into that. she plans on seeing -- she's going to see mariah's show when her schedule clears. >>> finally, jimmy fallon. we're seeing shows like "full house" be updated. it was part of the tgif lineup back in the day. "family matters." so jimmy was inspired to redo his own show open. when the night has fallen and the day is done words gone crazy, but smiles are waiting you know where to go jimmy fallon, "the tonight show" and you >> so good. >> love it. >> i would watch that sitcom. >> that is your pop start. >> carson, thank you. >>> mr. roker? >> i'd like us to do that. that'd be fun. we are looking at the threat of severe weather starting early sunday, a few storms develop through sx texas to oklahoma. then minnesota to texas. some severe, isolated tornadoes cannot be ruled out. look what ha
i didn't seema mariah because she hadn't started yet. >> who? >> i saw britney. >> i'm playing. that's what mariah said about jennifer one time. i'm not trying to say anything. >> she's forgetful, i guess. we've met many times. >> j.lo may be throwing a little her way. depends how you read into that. she plans on seeing -- she's going to see mariah's show when her schedule clears. >>> finally, jimmy fallon. we're seeing shows like "full house" be...
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. >> seema, thank you.ght about in the middle of the 52-week range. >> the stock had come back a bit. it was kind of going sideways nicely, but not a great sign for the manufacturing reply change. >> would you read anything into apple? >> it's hard to get directly at apple. they have a range of products. >> we'll keep all eye on it and the other earnings we're waiting on. >>> big wins to donald trump and hillary clinton last night, but all the remaining candidates highlighted jobs. >> our countries are leaving our country rapidly whether it's carrier air conditioning, whether it's ford. so many companies are leaving, and frankly i'm disgusted with it and tired of seeing it. >> this election will focus on three critical issues -- job, freedom and security. as president, my number one priority will be jobs. >> as i've traveled the countries and i look into your eyes, you want to believe. you want to believe again that we can have job security. you want to believe again that wages can rise. >> we're going to c
. >> seema, thank you.ght about in the middle of the 52-week range. >> the stock had come back a bit. it was kind of going sideways nicely, but not a great sign for the manufacturing reply change. >> would you read anything into apple? >> it's hard to get directly at apple. they have a range of products. >> we'll keep all eye on it and the other earnings we're waiting on. >>> big wins to donald trump and hillary clinton last night, but all the remaining...
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. -- >> seema, thank you for more.s 30th annual ranking of the world's richest people. this includes 1,810 billionaires which is a lot but it's down from last year's 1826. topping the list once again is bill gates for the 17th time by the way in the past 22 years. his net worth in 2016, an estimated $75 billion. for more we're joined by lou ois sa kroul. >> has donald trump tweeted at you yet? >> not yet. >> people wondering about his actual net worth. he slammed you guys for not representing it accurately. where does he fall? >> he falls at number 325, he's at 4.5 billion and he's actually moved up the ranks. >> really? why so? >> he's got almost all of his wealth in real estate holdings and that is one asset class that is actually outperformed so many other billionaires have their money in oil or stock markets and really dragged it down. >> wait, doesn't he say he's worth 10 billion. >> he does. >> i'm confused here. who's correct? >> we think we're correct. we go back and forth. >> calling donald trump a liar? >> in
. -- >> seema, thank you for more.s 30th annual ranking of the world's richest people. this includes 1,810 billionaires which is a lot but it's down from last year's 1826. topping the list once again is bill gates for the 17th time by the way in the past 22 years. his net worth in 2016, an estimated $75 billion. for more we're joined by lou ois sa kroul. >> has donald trump tweeted at you yet? >> not yet. >> people wondering about his actual net worth. he slammed you...
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. >> seema, how can we not be bullish, pet food. >> there's one of those ipos that didn't do it out of gate but does seem to have the secular trend. >> they make -- kittens are very sensitive in their diets which i found out the hard way. if you switch them from salmon to like a chicken, they might -- there's -- buddy had a little -- >> he looks satisfied with whatever you're feeding him there. >> it might have been the yogurt on that day. they lose a taste for it. you're a cat household. >> we have an agreement, we keep our distance but those are our cats. i cannot keep up with the fickle taste and fact they would eat whatever road kill is in the wild yet they don't like a particular can you put in front of them. >> so must have -- mohamed, that's bosa. >> you're a dog guy. >> i don't understand who have cats. >> how much money do you spend on the dog? >> quite a bit. >> buffalo up strongly after hours. the economy has been showing signs of strength. why is business optimism on the decline? kate rogers it taking a look for us. >> optimism took a dive last month hitting a two-year low
. >> seema, how can we not be bullish, pet food. >> there's one of those ipos that didn't do it out of gate but does seem to have the secular trend. >> they make -- kittens are very sensitive in their diets which i found out the hard way. if you switch them from salmon to like a chicken, they might -- there's -- buddy had a little -- >> he looks satisfied with whatever you're feeding him there. >> it might have been the yogurt on that day. they lose a taste for it....