welcome to superderivatives. >>> fema's about to run out of money. there are some people who say to it on a case by case basis, some people saying we're learning a lesson here the states should take on this role. >> absolutely, every time you have an occasion to take something from the federal government and send it back to the states, that's the right direction. and if you can go even further, and send it back to the private sector, that's even better. instead of thinking in the federal budget, what we should cut, we should ask ourselves the opposite question. what should we keep? >> all right. that of course is mitt romney. it was last year saying we should let states decide about disaster relief. as usual, president obama wants the federal government to pick up the whole tab and then some. my next guest says disasters create not better government, but bigger government. okay. i want to bring in author of "the forgotten man," a new history of the great depression. i'm not a poopposed to the -- catastrophic natural disasters. we need some help. i wa

welcome to superderivatives. make sure the news keeps coming with thinkorswim by td ameritrade. news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days,

welcome to superderivatives. >>> it is time, it is time for the lightning round!that all about? i tell you to sell, i tell you to buy, buy, buy. and then the lightning round is over. are you ready skeedaddy. jeff in virginia. jeff! >> caller: my stock is hillenbrand. >> i do not have a fresh take on it. i promise to do my homework on it. let go to brent in alaska. how are you? >> caller: fiene. >> it's kraemer. do you have a stock? >> caller: clne, it's not doing well. >> no major representative in washington seems to want to do anything as having natural gas a regular fuel for service vehicles. therefore it's just a speculation. john in florida. >> caller: jim, big boo ya to you from lake ashland, florida. >> man are you lucky throb. it's so miserable here. what's up? >> caller: baidu. >> no, no, i can't own individual. a loss there represents a value. john in florida. >> caller: hi, jim. i just want to mention i don't know if anyone ever told you but you remember billy joel, not lennon like you showed that portrait last week. >> billy joel was quite a hero in th

welcome to superderivatives. >> federal workers are claiming they are underpaid by an average of 35%d to private employees but another report is out showing exactly the opposite. they are lavishly overpaid. let's talk to jackie simon with the american federation of government employees. all right. the article in the washington post says that you are overpaid when you include all the fringe benefit benefits plus you have job security. >> the titled truth about federal pay that contains so little pay. it started by complaining that the salary data didn't include fringe benefit data. the dirty little secret behind the research is that the fact that the federal government doesn't follow the private sector in paying women and minorities less than white men who perform the same jobs -- that's how they conclude that the federal government overpays. the federal government doesn't overpay by any standard. >> let's hear the other side. i don't see how you can do a study without taking all compensati compensation. fringe benefits may be more important than wages and salaries. what is your respo

welcome to superderivatives. >>> maybe it was the storm, maybe it was the election. we have some news just now getting its due. one was the purchase of lucas films by disney. let's throw in pixar. immediately disney stock got hit because the deal wasn't add. i'm not denigrating the markets. pbh made fortunes when it came to buying how many not that long ago, but people are totally overlooking what disney can do with lucas film. the franchise can produce films that sell worldwide. it's incredibly easy to do a line of extensions and spin-offs, but to create a franchise from stocks, difficult. consider how much hey ieger made from this acquisition of pixar, something that was originally perceived as an overpay. then the amazing biography of steve jobs, knows the vision that both ieger and jobs both possessed. they knew pixar was capable of producing hit after hit. third, i remember when disney brought marvel and people thought that ieger paid too much, but it only took a couple movies to make it back, and bingo, "the avengers" hit it out of the park. disney has only scr

welcome to superderivatives. >>> cliff's natural is falling off the cliff today. >> down to a sell.dman concerned about a delay in a project expansion. cut the target from 25 to 33. this stock down 49% year-to-date. >> whole foods, an upgrade u. >> goldman sachs, $106 target on this baby, see 16% upside. said they are well positioned for the increased transition to healthy living. who knew. also think margins will be helped by increased sales productivity and if i canned cost leverage, whatever that means. >> talking of healthy living, i thought the season to be unhealthy, krispy kreme up today. >> a gooding is way, reason we did whole foods to krispy kreme. share there is soaring, up 23-plus percent. same-store sales up 7%. that stock is almost double what duncan bra dunkin' brands is up. >> spicy stuff, mccormick. >> hitting another all-time high today, highest since it began trading back in 1999. under-the-radar names, like to pluck out, lick gizzard. >> someone else we like to pluck out a big story, pluck out our herb greenberg. lots of stuff going on in green mountain coffee. i

welcome to superderivatives. >>> you're hearing tonight for the first time not how to figure out what's worse expected earnings report to a good trade, seems to be a dominant way of thinking but how to put these reports for work for you. sort the best stocks and prune those that need to go. we figured out how to compute the growth rate of a company whether it's too expensive based on that growth rate, something at jim cramer on twitter i keep getting that question. we've explained the importance of sector analysis as part of the earnings report and learned how to focus on gross margins, something that can only come out of the conference call. now we must address two more pieces of the earnings puzzle, dividend growth and home run potential. from pretty much the time since i first bought stocks in the late 1980s until fairly recently, dividends were an afterthought. ever since i had my hedge fund. companies became enamored of buy backs as way to return money to existing shareholders. to me it's oxymoronic. you're only returning money to the parting shareholders. buy backs extreme cases,

welcome to superderivatives. >>> it is time for the lightning round.hen the lightning round is over. are you ready? start the lightning round. i want to start with mason in new york. mason? >> caller: jim, big boo-yah for all of us here at penn state university. >> yes! go penn state. >> caller: me and my buddy competing in a stock pick competition. we are thinking about the hotel industry. what is your idea? >> i don't want to be in the hotel industry right now. speaking of mason, i want to wish happy birthday to fiscal cliff mason who now turns 18. he's our head writer. all right. let's go to simon in florida. simon? >> caller: boo-yah from miami. >> oh, man. i wish i were there so bad. can you transport me there right now? what's the stock? >> caller: jim, i like to get your take on the largest holdings, marvel technology. >> i think that is being passed by. it is a very poorly run company. maybe the 3% yield helps it. i don't want anything to do with that stock. i would like to go to cody in michigan. cody? >> caller: boo-yah. >> wow. nice. >> i wa

welcome to superderivatives. >>> let's see what's been trending on twitter. >> this is a tough topicarch today. we all know beer and sports go hand in hand for spectators and businesses, but what happens to those lucrative sponsorship deals if the players aren't on the field, or in this case, on the ice? tomorrow marks the two-month anniversary of this season's national hockey league lockout and that's causing problems for one of its sponsors. morningstar calls the lockout a short term headwind but expects its long-term sales will be restored once players return on ice. most say coors, miller light, bluemoon also brands that should continue to make money. industry consolidation, focus on pricing over volume and limited capex means brewers are becoming machines like tobacco. he's watching his stock portfolio go down each day and it's causing him to drink twice the amount of beer that he normally would watching hockey. so what's your favorite stock? not beer. >> all right. it's funny, because there have been many articles saying that people have consumed even more alcohol during the ti

welcome to superderivatives. >>> all right. welcome back to "the kudlow report."washington state made history on tuesday. becoming the first states to legalize the recreational use of marijuana. i just want to ask if liberals trounced on american values and by the way, productivity also? joining us to talk about this, syndicated radio host, founder of constituting america, janine turner. janine, great to see you again. okay, so, i want to ask you a bunch of things here. first of all, with all the problems america has, why is it so important, why are the liber liberals, lefties crusading like crazy to legalize marijuana? what is this about? >> it's disappointing. it's stealing the promise of americans, the future of america. not only that, our children and our youth. you know, obviously children. they'll have to be 18 or 21 or whatever. our youth, it's going to permeate into the high schools and i think it's very disappointing. i agree, larry, there are so many, so many issues to be worried about. >> there's going to be a legal debate about this at the department o

welcome to superderivatives.ally on as millions of americans are hitting the skies, roads and rails. we are going to get back to phil in a moment. we are having technical difficulties. we are expecting the roads to be very crowded with lots of traffic already we are hearing reports that certainly in new york city ewe do, in fact have traffic piling up. we will take a short break and come back with the details on the travel for the weekend. e up. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-

welcome to superderivatives. >>> it is time. it is time for the lightning round. are you ready?time for the lightning round. start with michael in nebraska. michael >> caller: hey, jim, a big nebraska corn huskers booyah, man. >> i like your kicker. one of the good players on that team. what have you got? >> caller: excellent. win. >> i think china is coming back. i'm always a believer in steve wynn. how about john in california? >> caller: boo ya, jim. my question is double down on barnes & noble right now? >> no. i went over that with a fine tooth comb. a lot of people didn't like the book basis. unfortunately those guys i love them they are a temple of sector learning you can't own the stock. illinois, charlie. >> caller: boo ya, jim, from central illinois. >> heart land. what's going on there? >> caller: well, i wanted to thank you for your excellent presentations scaling in and out of stock transactions. last friday it was very good. i'm interested in scaling into rentech nitrogen. >> with that good yield i think you're taking the appropriate action. i do want to scale into

welcome to superderivatives. >>> welcome back. u.s.is on track for its best week against the yen since late june. it comes after the leader of japan's liberal democratic party called for aggressive easing steps. will the yen continue its plunge and how should you trade it? let's bring in boris from bk asset management. it has been all about the yen this week. give me your trade. >> it's been the breakout king of the week. but i think like the past it is going to break the hearts of longs again for two reasons. one, i think the whole fiscal cliff story is pretty much a story of going down austerity politics. that's been a disaster policy path for everywhere else it's been tried so i do think it is going to weigh on aggregate demand. if that's the case the fed is going to overweight qe, which means it will offset anything the japanese do. to me the dollar/yen is going to be a sell in a near term. i want to be a seller here at 80.50. if it breaks 80.50 with a stop at 81.50. if it runs away, then i'm not hurt. but if it turns around it is

welcome to superderivatives. >> for years now, china has been the workshop of the world.he question, once the chinese know how to make an american product, what's to stop them from copying it? the answer, nothing at all. and what's to prevent the chinese from shipping these counterfeits back to the united states for sale? as bob simon reported in january of 2004, the answer to that question is not much. >> that's what we discovered when we found a corner shop in dongguan, china, selling golf clubs by callaway, the american manufacturer of the famous great big bertha driver. the chinese government didn't want us to bring our cameras, so we did undercover. inside, we saw a club that looked and felt like the great big bertha. not only that, we were offered callaway irons, putters, golf bags, gloves, even a callaway umbrella. and the best part? i want good quality, good price. what would retail for close to $3,000 in the united states, was being offered to us for $275, because, as the owner of the shop readily admitted-- >> copy. >> copy. not fake, copy. the whole set was a c

welcome to superderivatives. >> welcome back to cnbc special coverage.es president faces a huge task of avoiding the fiscal cliff. let's talk solutions. joining us right now is austan goolsbee. he is at obama headquarters in chicago. david walker joining us, founder of comeback america initiative. good to see you. thanks for joining us. david, give us your sense of business getting to the work of the fiscal cliff once we know who takes this election. >> it has to be priority one for whoever wins tonight. we'll need extraordinary presidential leadership. we haven't had it in a number of years. we need to avoid the fiscal cliff between now and the end of the year and address the much bigger challenge which is avoiding the fiscal abyss. next year through a grand bargain. >> barring a surprise or a few surprises in the near future, we may have a house still run by the republicans, a senate still run by the dems. does that make negotiations over the next 55 days easier or harder? >> obviously harder. it makes it -- it will be tough. first of all, i saw you go

welcome to superderivatives. >>> welcome back to "fast money," live at the nasdaq market site in times square. looking it he biggest movers after the election, hit on the hmo names and hospital names as well, humana, wellpoint, aetna, the biggest movers today, the flip side, hospital store, tenet health care, hca, tallied big gapes helped along by goldman sachs on hca. the thinking parents before couldn't pay will now be able to not pay but it will be covered. >> a lot more coverage out of this. this is where you want to be this has been a telegraphed strayed. as we said before, leading up into the obama re-election, people were unsure. backed off a bit when romney came on a little bit in october but then we start to see the resur gems gence of strength he. i would be locking in sales, think way too long in the tooth for the hospitals. >> talked about tenet health earlier, stock up 10% today. talked about it when they reversed split, scared a lot of people away this is one name that might buck that trend and it has, but you get thc up 10% on four, five times normal volume, fortunate en

welcome to superderivatives. ♪ it's beginning to look a lot like christmas ♪ >> the countdown is on for nine hours, nine minutes and 29 seconds. >> how do you know? is that in every time zone? that's impossible. in guam that's 39 days. that's an east coast biased clock and i demand it be removed. >> calm down. you have a little more to go in you're behind united states. >> no, we're number one. >> forget black friday, folks, because legions of shoppers are getting ready to hit the stores on thanksgiving. pinterst is joining. >> there's no doubt, this holiday shopping season will be a big one for pinterst, valued as $1.5 billion, may not be making money itself but it's helping retailers cash in. they just launched tools for business to drive users to share images as groundwork for pinterest to sell analytics. a third of all brands have an active pinterest presence, and 25 million monthly users, one-fifth of facebook's traffic. pinterest users have particularly valuable. two-thirds are women, eager to share and have money to spend. shoppers average retail order after leaving pinterest is

welcome to superderivatives. >>> the latest study out is just another taste of president obama's badng to researchers, by year 2025, the u.s. is going to have full-blown doctor shortage and it's resulting from the passage of obama care. here is dr. eric snipper, owner and partner at nred medical associates. dr. snipper, i read in this report, we're going to need 52,000 doctors, family doctors, primary care doctors. and they are not going to be around. why not? >> well, you've got a couple of problems. the whole situation is multifactorial. 38 million are going to be insured for the first time. the really issue is you're going to have medicare reimbursement rates going down to a level by 2018, 2019 that will be below that of medicaid. >> from the government? >> from the government. >> reimbursement, completely hurting the providers of the health care services? >> it's on the backs of the providers and the hospitals. this is the $716 billion carveout that we heard about. >> you believe that's a real number? >> yeah, absolutely. >> i've had some very distinguished people on this show wh

welcome to superderivatives. >>> all right. we went to break and showed you mystery door.said behind this door is something all of america is clamoring for. it's all the rage on social media. we're going to show you what's behind our cnbc mystery door. oh. >> busted. >> the hoarding of hostess and the host today of the clo"closi bell." mandy, enjoy. should be a delicious couple of hours. all right. that's what's happening here at cnbc hq, jane wells. how's your stockpile coming along? >> well, ding dong the twinkies dead. not here at this albertson's. we found six boxes left. i just left a vaughn's where they've had a run on everything since 5:00 a.m. this morning. i have at a kroger-owned ralph's where someone bought a box of hostess cup cakes for his girlfriend. he's been store hopping. another guy got the last box of ding dongs in the store. sellers on ebay testing what price the market will bear. $10,000 for a box of twinkies? >> there's a box of twinkies in that grocery store. not just any box of twinkies, the last box of twinkies that anyone will enjoy in the whole u

welcome to superderivatives. >>> there are 53 days until the united states takes a tumble off the fiscalliff. it will trigger tax hikes and big budget cuts. if washington is going to rise above the partisanship, now is the time to make the move. eamon javers is live in washington looking at the ratings agencies and whether there is reason to fear a cut from that. >> yeah, tyler. there's been a lot of talk recently about what rat ratings agencies going do, is there another downgrade of u.s. debt looming here and what would that do to financial markets. i want to sort of tell you a little bit about why you might be able to stop worrying and start to love these ratings agencies. the reason is the timeline of any downgrade that might come down the pike. starting with moody's. they're saying their rating on u.s. debt is likely to be maintained until the outlook of negotiations is clear. now fitch, they're likely to review their rating of u.s. debt in late 2013. late 2013. standard & poors poor's is saying it is a 1 in 3 chance of a downgrade over the coming two years. what do the ratings agen

welcome to superderivatives. >>> it has been one week since the feds announced charges in an a massiveed insider trading scam with fund manager tied to sac capital. the hedge fund is addressing the situation with investors. kate kelly joins us now with details. kate what do we know? >> scott, tomorrow more agent 8 a.m., sav making an unusual all throw not unprecedented move to say they are holding a special phone call for investors to talk a little bit about the issues that have surrounded them lately, namely, an ongoing government investigation into whether former employees of sac engaged in any sort of insider trading, as matthew martoma, former trader from there is now accused of doing. steve cohen is implicated in this particular case, although it is not clear what he knew at the time that martoma's stock sales remain. i investors sanguine so far. there will be a lot of discussion about this tomorrow, you guys, unclear whether or not there will be questions taken or whether it will simply be prepared remarks on the part of the firm. the call does take place at 8 a.m. one thing to n

welcome to superderivatives. >>> as our nation inches closer to the fiscal cliff, we're on a missionetimes means thinking outside the box. so we asked you to get creative and come up with some ideas. here are some of them. joe says, dock congress and the president two days pay for every day worked if they go over the cliff. another viewer says if we go over the cleef, both party leaders should resign. i like this one. sam says, ask apple for a bailout. i'm not even sure they have enough money. let's bring in our guests. jimmy, first to you. what do you make of these? any of them work for you? >> pay for performance. i like that idea. let's link salary to benefits of our politicians. not just this one time to the fiscal cliff. perhaps to our long-term growth rate. i like that idea a lot. >> we've got a lot of tweets in as well, chris, for a flat tax. probably about the same amount for a vat, right? a federal sales tax. what do you make of those ideas? >> well, i'm a big fan of a flat tax. everyone would win with a flat tax. taxpayers that have a much simpler time at tax time. it would

welcome to superderivatives. implts thoug >>> i think you go long before the earnings.mobile. more people using more and more devices. google's right in the middle of the surge. it is just positive all the way around. i think it's take a little bit of breather but go long google into earnings tonight. >> google's down 12%, simon, since you made that call. tech has obviously come under a little bit of trouble. apple's pulled back, google has followed suit. what do you do now? >> well, i think you buy it here. really the stock sold off because of concern about deceleration of the revenue on the site because of the move to mobile. we don't think it is a problem. i think you buy the stock. trading at 16 times earning, growing at 15%, own it. >>> ranger equity bear etf is a nau fund that shorts individual stocks. which names in that space should we short? >> tiffany's, coach and fossil. >> why tiffany, coach, focusing on high end? >> we feel like all of them have inventory problems, all of them are going to have margin compression over the next several quarters. >> as josh w

welcome to superderivatives. >>> well, i've just been informed there's only seven inches of glass between. now i'm nervous. i wasn't before. i'm not worried about me washing away. i'm worried about our next guest washing away, arthur blank, co-founder of home depot, owner of the atlanta falcons. mr. blake, it's a real privilege and pleasure. >> it's really good to be here. it's always great to be in the aquarium. >> i know. watch out. i'd love to talk about the falcons. 10-1, big game tomorrow. i want to ask you about atlanta. home depot here, what makes -- i'm throwing up a bill softball for you. what makes atlanta special business-wise? >> it's got great balance to it. it's a great place to raise a family. it's a great place to start a business, grow a business. it's been a unique growing market for many years. there's a great history of collaboration from a business standpoint, from a political standpoint. great schools, great airport. a lot of wonderful things about atlanta. the weather is good. obviously, your football team is here, our football team. >> the football team is not bad.

welcome to superderivatives. >> the winklevoss twins, tyler and cameron, told us that when they werervard with mark zuckerberg, they had the idea of a university-based social networking site first. they said that mark agreed to work on their project, but instead, ripped them off. >> let me ask you about the winklevoss twins. they sued. you settled. >> mm-hmm. >> they're still coming after you. >> you know, it's hard for me to fully wrap my head around where they're coming from on this. you know, early on, they had an idea that was completely separate from facebook. and that, i mean, it was a dating site for harvard. and i agreed to help them out with it--to help them, right? i mean, it wasn't a job. they weren't paying me. i wasn't hired by them or anything like that. and then, the idea that i would then go work on something completely different, like facebook, and that they would be upset about this all these years later is kinda mind-boggling for me. now, i mean, this is another thing that i think the movie really missed is, i mean, they make it seem like this whole lawsuit is such

welcome to superderivatives. >>> it is latest investors business daily poll which is an accurate one shows economic optimism has plunged 10% in november, way into pessimistic territory. a lot of it apparently on the news of president obama's win. overall, his re-election seems to be damaging confidence at least in the stock market. now, take a look at this chart. with fears of falling off the fiscal cliff, higher taxes, a double-dip recession, obamacare, the dow is off about 700 points since election day. this all could change. i recognize that. but so far, it doesn't look good. let's talk to "forbes" magazine's executive editor, michael osaiah. even today on the press conference, obama didn't say i'm going to destroy the stock market, but he didn't really reach out, didn't really say we can make a deal without damaging. stocks fell 185 points. stocks are down 7% since re-election. how do you read that? >> i read it as when he comes out and says now he wants twice the revenue from taxes than he originally said, going up to $1.6 trillion, what he's really saying is my main goal is red

welcome to superderivatives. >>> corporate executives are naturally barred from illegal insider trading designed to avoid those kinds of accusations actually giving insiders a leg up? an article in "the wall street journal" explored just that. some insiders who trade legally are beating the market, as you might expect. one reporter wrote a follow-up to that story in "the wall street journal." he joins us from new york. also, our own herb greenberg and john carney, who has a very different take on this. first, i want to ask you, justin, what's going on here? i guarantee when people hear ceo anded inner trading in the same sentence, they're ticked off. >> yeah, i mean, what we've seen is that these guys, they're incredibly lucky, especially once you strip out the routine guys like bill gates who are trading an obscene amount of stock every quarter like clockwork. all of the sudden you see that insider trading are getting very good returns. >> they might be getting very good returns. is it legal or illegal, though, john carney? >> there's a very easy way that the kind of returns "the wall

welcome to superderivatives. >>> welcome back to "squawk on the street."mber factory orders hit the wires up 4.8%, a couple tenths better than expectations. and the august number was a big minus, minus 5.2 now 5.1. sow factory orders joins data that is better than expected. carl, back to you. >> rick, thanks so much. >>> to the road map the next hour, "squawk on the street" the last number shows an increase of 171,000 jobs. we'll talk to the former chairman of the council of economics advisers about what this could mean for the election. >>> and then the world trade center site is getting flooded. how the site may have been impacted by the storm. and jan hatzius will be here with us and talk about the country's economic future. >>> shares of trip adviser soaring after a huge third quarter but as the company felt any effects from sandy? we'll hear from the ceo in a cnbc exclusive. >>> more reaction to the jobs numbers and bring in our senior economics editor, steve liesman. steve, a quarter of a million jobs created this month, upgrade to the previous two.

welcome to superderivatives. >>> this is a special presentation of "squawk box," your money, your voteave carrying the ball for the special coverage of this election day until 7:00 and then we will hand it over to maria bartiromo at 7:00 p.m. eastern time. you have a seat here anytime. 7-9. >> we will go 7:00 until we know who won the white house. whatever it takes. >> we will see you in the morning maybe. >> i have list here. the polls close first in virginia, vermont, north carolina. we have ohio, that is the real contested one and throughout the night. i think much of what we will know will happen by 10:00. don't you? >> when we get virginia it will be interesting. >> and a pennsylvania will be interesting. interesting to see pennsylvania all of a sudden contested. >> how long does it take to call ohio and pennsylvania? >> that is a good question. >> how virginia is already seeing more voter turnout than they had four years ago and the lines are very long in some areas and if you are online by 7:00 p.m. you will get to vote. that makes me wonder when will they be able to say here is

welcome to superderivatives. >>> let's get six stocks in 60 sikdz with jim. drones?> lion tech, we deal in lead, great competitors. they say bullets are selling well. abav, drones which we feel military wants more, they say fewer bought. >> interesting. barclays like holly frontier. >> i like refiners, a lot of oil. >> we'll talk to diageo next hour. >> do you know the indian market is the biggest whisky drinking market in the world? bril yat move by diageo. >> marathon? >> eagle for assets. i like this call. >> we didn't do enough on invidia. >> that's graphics for video chips. >> zipcar -- >> this company disappointed, disappointed. we need a little chart -- i'm sorry to crowd your space there. right here is when things got so negative you went up. that's how a bottom is formed. >> all right. 16% move there. we got about 45 seconds to talk about -- >> i'm so excited. >> yeah, tonight is big. >> salute to veterans on the show. this is important. we do it every single year, november 11th. well, because of veterans day. fabulous piece in "new york" magazine, we're goi

welcome to superderivatives. >>> belies's prime minister is urging john mcafee to help them with a murderbert frank has been following this bizarre story since it began. send it back to you at hq, robert. >> thanks, david. this is turning into the jungle man hunt that captured the world's attention. last night mcafee said police had arrested his body guard, his housekeeper and a taxi driver. mcafee is the founder of mcafee antivirus software once worth $100 million. he's wanted for questioning for the murder of his neighbor. police confirmed that they have arrested the body guard. they said other mcafee employees are being held and may be charged. mcafee told us this is all to coerce him to come to police. he had nothing to do with the murder and he fears the police are trying to kill him because i've been, quote, an outspoken critic of the government. mcafee has been criticizing when we asked about this the report that he's making crystal meth, dealing with drug ganks. mcafee said i wouldn't know how to make it, sell it, or compete with the mexican drug cartels. david, all very, very str

welcome to superderivatives. >>> back to certainly the biggest news of the day.rd, the largest lagger on the dow now trading at a decade low. the company saying as it released earnings this morning it was the victim of fictitious accounting. ceo of hewlett packard is meg whitman. it doesn't go unnoticed by us that you were willing to come on whether good news or bad and so we certainly appreciate that. i want to get your response actually to some comments that are just out from mike lynch. a gentleman that you fired who ran, founded and ran autonomy, oversaw the sale to hewlett packard. he says "hp's due diligence was overseen by others and due dial generals was extensive and that he rejects these false allegations flatly." i would love to get your response to that. >> what i can tell you is that after i fired mike lynch for missing q-2 numbers when he was part of the autonomy management team after hp bought the company, a senior accountant on his team came out to tell us about outright misrepresentations and disclosure failures and we launched an investigation,

welcome to superderivatives. >>> the cofounders of art space joins here.e market as people try to find some place for cash must be doing okay. it's been about 16 months. >> artspace.com is we're building a marketplace for fine art that we source from the world's leading galleries, cultural institutions and museums worldwide and make those more accessible. >> so, membership is free? >> yes. >> about 100,000 members so far? >> yes. >> and how much are the pieces that are selling? >> sure, if you're a new collector and looking to discover and learn about art, you can find pieces start iing $200. but you can buy pieces all the way up to $100,000 on the site and higher, but mostly, it's priced in se the $5,000 range. >> you spent some time on wall street. 20 years at credit swiss? who are you displacing here? is this an attempt to put galleries out of business or work in concert with h them? >> this is an $80 billion global business. we think the online portion ends up being 10 to 15 billion of that. we're still in the early stages of internet transformation, s

welcome to superderivatives. >>> welcome back to "squawk box" this morning.ange. jim cramer joins us now. what's going on, jim? >> everyone would have expected given the fiscal cliff discussion negativity and i think sales would not have been that good in retail. i'm not hearing anything bad. i'm hearing big volumes. it's very encouraging. >> shopping. how much are you taking away from all of this? >> i think apple was a big winner. i think amazon is a big winner. i like what i'm hearing from macy's. urban outfitters. i like what i'm hearing from them. it's funny. we were up so big on friday that if we had -- we almost borrowed a really rally here. i know it wasn't supposed to be as strong as we're hearing. i come back to the idea that perhaps the reports underestimate the wealth of this country. the wealth in this country is extraordinary. >> did you see the piece in "the new york times" about hewlett packard and mike lynch fighting back. >> i love a fighter. give me details. i know david will talk about it later. it is true. in the deal book you talk about

welcome to superderivatives. >>> welcome back, everybody.cramer joins us. we owe you huge props, not only did you call the election right, absolutely down to the wire, you called all the stock movements right, too. huge props. anybody who was listening to you made out like a bandit. >> well, thank you, becky, very kind. it's a swing state. i said everyone was going to go to obama. there was a lot of faux drama i felt. but i'll say this. the selling yesterday in the banks and the oils i think were completely from people who got fooled. who really felt that there was a momentum in pennsylvania and would flow to ohio and virginia and florida. as if we were an erector set country. i believe they got oversold and i liked what i heard this morning from jp morgan. europe is still terrible. >> what about mcdonald's? that stunk. >> yeah. that absolutely stunk. paying a buck for the big coffee. you know what? stop giving stuff away, guys. i feel that mcdonald's lost the way right here. the stock's been a terrible one. i don't see any improvement at al

welcome to superderivatives. >>> welcome back to "squawk box." up the week. s&p 500 up almost five points and nasdaq would open 13 points higher. >> let's get down to new york stock exchange. faber there yet or is he coasting and resting on his laurels this morning? >> upstairs making calls, breaking stories. what can i tell you? >> were you a fan of the ceo? he took it upon himself to just answer all of the negative stuff and here he goes. it looks like he's going to run this company. >> i have liked richard for many, many years. this is terrific. i'm thrilled he's been able to do stuff for his shareholders. when he came out against the bears, i thought it was textbook about how you have to take people on when you're confident. it was miraculous. we have david here too who broke the story. congratulations, david. >> thanks. >> jimmy, did you ever run into jeffries in your travel? >> he's a terrific guy. >> he's gone right now. >> passed away a long time ago. >> a few years. i saw one thing going. i watched the tape. anything else really hit you

welcome to superderivatives.ther retailers getting the jump, opening thanksgiving night, k-mart and sears. ron bow unjoins us now. of course, this is a new trend, ron. is it worth it? does it pay off? >> i think one of the things that's interesting we saw last night was there's been certainly a trend in consumers wanting more flexibility in how they shop. we've seen it in our members, some of the things we offer them and the ability to buy black -- this trend also having thanksgiving dinner, go out and go shopping is one that's been picking up steam. we saw consumers in the store last night and what was interesting to me is kind of a different attitude in these consumers form not somebody who has camped out overnight until 6:00 a.m. it was a bit more relaxed shopper, really shopping the whole house than what you traditional see on black friday morning. so an interesting trend for us. >> well, you're coming off a quarter where you reported domestic comp store sales decline 3.1%, 1.6%, 4.8% at k-mart. ron, is there

welcome to superderivatives. >>> president obama enjoying an election victory.hil lebeau joins us from mccormick place in chicago where the speech took place talking about the mood there today and the hard work begins again. >> reporter: it will be interesting to see over the next couple of weeks besides the fiscal cliff what else do we hear from the obama administration in terms of priorities for the second term? as you mentioned, it was just a few hours ago that the president came out and gave his victory speech and even though he did not win all of the swing states, keep in mind he won 7 of the 9. north carolina going to governor romney. florida still too close to call. during his speech he taouch tou a number of topics. bringing democrats and republicans together in washington to resolve a number of issues. >> i believe we can seize this future together. we are not as divided as our politics suggest. we're not as cynical as pundits believe. we are greater than the sum of our individual ambitions and we remain more than a collection of red states and blue sta

welcome to superderivatives. >> our election day coverage continues. >> good morning, carl.ow what your federal tax rate will be at obama versus romney? james stewart will be here from "the new york times." he's been doing crunching of those numbers and playing gold in the aftermath of the election and what one small business founder would like to see coming through. the co-founder eer will be on show. >> let's do seven in 60. we'll start with another call on adt like we had yesterday. >> i love it when i have back to back calls. citi has something going on. a buy. this came public in a sliver deal. stay away. >> odd dynamics on work day. >> goldman, jpmorgan, morgan stanley, they start with a neutral. >> citi says qualcomm has upside. >> they report tomorrow. you have to get long this one. >> best in show eog. >> i've had him on "mad money." this was an amazing quarter. >> big miss out of fossil. >> wow. i guess they couldn't buy enough of that thing. fossil is a fuel not a piece of jewelry. >> there's a sell to buy on ubs. >> you go the full circle. this has to do with the

welcome to superderivatives. >>> welcome back to "squawk box" everyone.stock exchange. jim cramer, david faber standing by and gentlemen, we've been talking about the election this morning. jim, i don't know if you just heard us talking about your calls on this. >> of course i heard. i thank jack welch for saying i'm a good investor and jack is dead right on regulation and natural gas. i wish one of these candidates believed that because i think he's right. i think the swing states go obama and that's how i come up with that, i think a couple other obama surprises which is why i thinkby ma could win big. when you say these things you think it's political but i don't see the surge people keep saying for romney. if i saw it then i certainly wouldn't be thinking it's going to be a big win for obama. >> would it surprise you though personally i look at it and i don't think anything would necessarily surprise me this time around. i have a tough time trying to get a real feel for what's happening. >> i keep going over the states everyone says are really close.

welcome to superderivatives. >>> jim cramer with us now. >> i kneel like the markets are saying thingsome give. we're beginning to get a number which shows you the disparity between what some are saying needs to be done and others is not that big. i think the market today is saying, listen, do it before the end of the year. it's been right to fade the optimism. especially due to the fact that retail sales are down. >> anything you're looking at in particular this morning? >> i'm kind of blown away by the tiffanys and the kohl's. sandy is making it so it's impossible to figure out what really happened and sandy is such a big factor, i know 30% to 40% -- >> jim majors came out and said they did okay for the holiday shopping weekend that was in there, but it couldn't make up for the weakness of sandy. you got another month before you're going to see anything. >> this is make or break, if we get more fiscal cliff bad news, we miss one window to sell a lot of product. i'm nervous about retail. it seems like the wrong sector. >> mr. cramer, we're going to see you in just a few seconds. >>> s

welcome to superderivatives. >>> the car-sharing service zip car says it's on track to record its firstity. so can it turn the stock around? which, of course, has been really depressed. down about 45% this year. joining us exclusively is zip car's chairman and ceo, scott griffith. good morning. >> morning. >> when you came through with your results on thursday night, that was a phenomenal covering of the shorts. i think the stock rose about 30% at one stage. what are you now saying about the business? >> well, we had a great quarter on the strong results of the quarter. we were able to raise our guidance for the year. and a big milestone for us. this will be our first full year of profitability on a gaap basis. and i think there have been a lot of questions about whether car sharing can be a profitable business, and i think we're putting that to bed, which is a huge milestone for us. also, we have a basket of markets we call our established markets, which are the first four markets we launched. d.c., new york, boston, and san fran. and the margin expansion in those markets beat even our

welcome to superderivatives. >>> about an hour into trading, 7:31 on the west coast and 10 1010: 1010s the biggest gainer on s&p up almost 8%. posting better than expected quarterly earnings issuing fiscal 2013 sales guidance above forecast boosting dividend 25% to a nickel a existing home sales up more than expected according to the national association of realtors. >> shares of lowe's were up sharply. the home improvement retailer reporting higher than expected quarterly profit. lowe's also raising full-year same store sales forecast. we should note this lull we see in today's session is a two-week high in lowe's. bud, always good to see you. >> good morning. >> it seems like the stock really gained altitude on the conference call. what did they say that made people so bullish? >> they started to show they're getting traction in some of the initiatives that we've been watching with lowe's in terms of product line reviews, value improvement program, and so i think the call went very well for them. the company is starting to perform pretty well and has probably some brighter skies ahe

welcome to superderivatives. >>> european markets are closing now. >> with that, a sea of red in europe>> the risk aversion is growing. you see the degree of the red and quite bad in some parts. didn't mean to come in there. down over 1%. bad really throughout the session and the risk aversion grows in to the weekend. have a chart of where we have traded so far this week. bmy had an interesting note out suggesting the fiscal cliff conversation and the greek conversation more or less going to plan. the real point you moved in the week on what was happening in the gaza strip between israel and hamas and they felt that's the bigger dynamic in the week. others disagree. one thing's for sure, if you look at a longer chart, we have raised the gains of europe since september the 6th with the clear promise of the ec b that they would if required to have that unlimited buying of the bonds. still, of course, we work our way through disappointing corporate results. you don't know the german player and might know personal detergent or lock tight glue. they had organic growth announcement below what

welcome to superderivatives. >>> welcome back. let's get down to the new york stock exchange.there's a song that talks about the sweet release of a friday night. there's something about fridays, aren't there? it's a sweet release of a friday night. >> look, i think fridays -- everybody is exhausted. you get right in. no traffic. i do think it's one of those days that is funny. you have been talking about how did the market divorce itself from the fiscal cliff yesterday? remember, it's also the friday that's the end of the month. there's been a lot of buying underneath. you never underestimate the process of marking up. >> you're doing those p predictions this year, are you? what's the biggest threat to the economy in 2013? are you doing that? i thought long and hard about it. is it a dirty -- is it another -- the biggest threat if we wipe out 100,000 people or something, that would be a big threat, would it not? >> i did not go dooms day. i said that the shock would be possibly dramatically higher interest rates because if they don't do a good deal for fiscal cliff and keep sp

welcome to superderivatives. >>> nice shot of the christmas tree at 30 rock.imon hobbs here it tell us what's coming up at 10:00. >> we'll look at success of cyber-monday and relate it to black friday and what it tells investors on where to move in retail. we'll look at facebook and we'll also ask whether we're watching the grover norquist tax promise die in front of our faces. we'll be joined by the republican senator johnny isakson from georgia. >> we'll get six stocks in 60 seconds starting with national oil. >> to see them downgrade means they are good. morgan stanley is good. i'm worried about national oil. >> illinois tool. >> ceo passed away last weekend. people wonder what's the mission going forward. i like it. >> jpmorgan likes markwest. >> a deal last week at 46.5. that's a huge move. pay attention to secondaries. they are working. >> bernstein cuts boston scientific. >> we don't talk about this group enough. there's been turmoil. st. jude, hard to keep track of them but this was a company on the move and they'll stop in its tracks. >> norfolk south

welcome to superderivatives. >>> welcome back. bp has temporarily suspended from competing for u.s.e to bp's lack of business integrity regarding that oil platform blowout that caused the 2010 oil spill. coming up, several stocks -- >> that i do know. >> nice. rose bud? rose bud? several stocks on the move this morning. only one can be the stock of the day. is it in your portfolio? find out next. >> tomorrow on "squawk box," the clock is ticking to avoid fiscal disaster. who will have the courage to take the lead on a compromise deal? we'll ask former fed chairman paul volcker and latest read on employment and jobless claims and gdp data. don't miss "squawk box" starting tomorrow at 6:00 a.m. eastern. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadli