sync your platform on any device with thinkorswim.nly at td ameritrade >>> to pick up speed, monday, but tuesday and wednesday, we'll see more reports from the rest of the big banks also, united health, then there's a handful of big tech names reporting like ibm, qualcomm, visa and ebay. there could be an uptick in volatility when all these names report so netflix for example is a big earnings mover that's big move. traders are expecting that to move higher by about 6%. ibm and qualcomm, a 4% johnson and jouin and united health, a more than 2% move. don't know which direction this should shake out, but it's a wild week. >> some of the most we may never get a straight answer for the first question, but the second one is simple. so over to professor ko. >> it's not that tough to do what the options markets are expecting for the future price move you want to look at the weekly straddle want to make a quick look at -- we do the math, united by the 157.5 or $160. one of the thipgs about netflix is that you see all of these big gaps in here

sync your platform on any device with thinkorswim. only at td ameritrade >>> welcome back to "options action." a number of big banks kicking off earnings next week seema mody is in the newsroom. >> michelle, we have the first round of big bank earnings coming up withreports from jpmorgan, wells fargo, citigroup and pnc all on friday. the financials is the second best performing sector up 6% the options market is implying some pretty modest moves, at least compared to previous quarters traders anticipating a 2.5% move that's a hair shy of the average 2.7% move. wells fargo and citigroup are expected to see a 2.3% rise or decline. wells fargo sees 3.5%. then there's the 1.8% move expected from pnc. that's 1% less than the average 3.8% despite the higher than average move, it still represents a $20 billion shift in the market next week michelle, thank you. >> how should you play the banks into earnings. mike's at the plasma with the call to action, as we say. mike. >> we're going to take a look at simply buying a call when do you buy a c

sync your platform on any device with thinkorswim.nly at td ameritrade >>> getting ready to report earnings, meg is on vacation, no, she's not. she's in sunny key west, florida. >> that's right, staying out on the beach here thinking about biotech earnings because no matter where i am, i'm thinking about biotech earnings, and it's a huge week. thursday, bristol-myers, celgene, roche, astrazeneca, and merck. in terms of projections, doesn't expect a solid though not spectacular second quarter earnings, just increased earnings for estimates across the board and says he expects q2 to be very good. citeding positive currency fluctuations as well as a drawdown on inventory in the first quarter. as is pointed out, those could drive results. 24 increases between april and july 2017 including four from celgene, six from gilead, and six from in terms of stocks, take a look. those have a lot of what cowen calls troubled franchises. those are big ones to watch as well finally, ones that cowen expects to beat, look at alexion, biogen and vertex h

sync your platform on any device with thinkorswim. only at td ameritrade >>> a number of big bapgs kicking off earnings season and we have a look at what to expect >> that's right. we have the first round of big bank earnings coming out next week with reports from jpmorgan, wells fargo, citigroup and pnc on friday. the financials is the second best performing sector of the last three months up more than 6%, but the options market is implying some mod moves, at least compared to previous quarters traders anticipating a 2.5% move higher or lower from jpmorgan. that's a hair shy of its average 2.7% move. wells fargo and citigroup where expected to see a 2.3% rise or decline. wells fargo sees a 3.5% move while citigroup is in line then the 1.8 from p% from pnc that's less than the move higher or lower, despite the moves, it could still represent a $20 billion shift in market cap next week michelle, back to you. >> great set up. thank you so much. how should you play the banks into earnings? mike's at the plasma with the call to action as

sync your platform on any device with thinkorswim. only at td ameritrade call it fang drain all getting hit as the nasdaq 100 posted its worst month in a year hi, dom! so, if we talk about the market cap drain here, it's been pretty substantial for those faang stock, if you want to call them that if you take a look in total, at the total percentage drops for some of these big names. we're talking about a massive move here. the likes of alphabet doup by about 6% netflix down by 8. apple down by 6% amazon by two. facebook, the leader, only down by 1%. if you take them in total as of earlier today, it was around $94 billion in terms of market cap loss at the close, it turns out it's about $104 billion in market cap loss for just these stocks in the month of june, so a rough month for these guys $104 billion is like shedding all of kraft hines or all of honey well in just a month, so big deal here when these types of tech stocks fall the way they have the momentum is going to be the real issue, folk, we'll see if that stays that way into

sync your platform on any device with thinkorswim. only at td ameritrade >>> welcome back to "options action." a number of big banks kicking off earnings season next week and here's a look at what to expect seema. >> we have the first round of big bank earnings coming out next week with reports from jp morgan and citigroup and pnc on friday the financials is the second best performing sector of the last three months, up more than 6%, but the options market is implying modest moves at least compared to previous quarters, traders anticipating a 2.5% move higher or lower than jp morgan that's a hair shy of the 2.7% move wells fargo and citigroup expected to see a 2.3% rise or decline. citigroup is in line with its average and 1.8% move expected from pnc that's 1% less than the average 2.8% move higher or lower. despite the less than average implied moves, it could represent a $20 billion shift in market cap next week michelle, back to you. >> great set up, thank you so much how should you play the bank into earnings. mike has the call to

sync your platform on any device with thinkorswim. only at td ameritrade >>> welcome back to "options action." jpmorgan, citi and wells kickin off lower. bob pasani at the nyse. >>> earnings season begins to pick up steam next week. netflix monday tuesday and wednesday more reports from the rest of the big banks. tuesday united health and johnson & johnson. then there's big tech names, ibm, qualcomm, ebay and you already mentioned microsoft. there could be an updated volatility when all of these names report netflix, for example, is a notoriously big earnings mover the options market is implying a more than 8% move in either direction for that stock that's a big move. ebay is another big one. traders are expecting that stock could move higher or lower by 6% ibm and qualcomm are implying a 4% advance or decline. johnson & johnson and unitedhealth are predicting a 2% move it's going to be a wild week >> thank you, bob. >>> some of the most frequent questions we get from our fans are, one, why doesn't carter have a twitter account that's

sync your platform on any device with thinkorswim.de >>> welcome back to "options action." call it the fang drain it's all getting hit as a tech heavy nasdaq 100 posted the worst move over the year. >> if we talk about the market cap drain here, it's been pretty substantial for those faang stocks if you want to call them that take a look in total take a look at the total percentage drops for some of these names. talking about a massive news here, likes of alphabet down 6%, netflix down by 8, apple down by 6%, amazon by 2, facebook, the leader of this faang drain, only down, only down by 1%. if you take them all in total as of earlier today it was around $94 billion in terms of market cap loss at the close today we've recalculated the numbers and it turns out it's about $104 billion in market cap loss for just these faang stocks. a very rough month for these guys to put it into perspective, $104 billion is like shedding all of kraft heinz in a month or all of honeywell. pretty big deal when these types of tech stocks fall the way they

sync your platform on any device with thinkorswim.nly at td ameritrade >>> welcome back to "option actions. energy stocks could be telling a different story. bob pisani at the new york exchange with more >> hi brian, explain this to me. oil had its best week of the year that's a pretty poor response. given oil has gone from $42 to almost $50 in just a month so here is the problem after being burned badly all year on oil and oil company estimates, the street is scepticle. no one can get their hands on the price and nobody, in january, oils around $50 and analysts can confidently say oil is about $50 in a third quarter. wrong, it went straight down and now it is starting to recover. analysts forecast a strong recovery of earnings above oil it is not nearly as expected a few months ago it does not help much if you got a big oil executive essentially saying we'll never hear a oil rally ever, yes, royal dutch ceo van beurden says we have quote, "lower for ever" no wonder these oil companies are focusing on just keeping costs down >> back t

sync your platform on any device with thinkorswim.at td ameritrade >>> welcome back to "option action." crude oil making a run at $50 today, and closed its best we can week of the year, but energy stocks can be telling a different story. bob pisani at the new york stock exchange with more >> hi, brian explain this to me oil had its best week of the year it was up almost 9%, but the energy etf, the xle, was up only 2% that's a pretty poor response, given oil has gone from $42 to almost $50 in just a month so here's the problem. after being burned badly, all year on oil and oil company earnings estimates, the street is very skeptical fed oil can stay over $50. so look at exxonmobil. it hit a 52-week low today, because it missed on earnings. international production was lower than expected. now, chevron did a bit better, it beat expectations no one can get their hands around the price or even the direction of oil, i mean, nobody in january, this is an example, when oil was around $50, analysts confidently said oil would be about $56 by t

sync your platform on any device with thinkorswim.y at td ameritrade >>> welcome back to "options action." wells fargo trading lower today, but the real action comes next week when more reports start to trickle out. bob has what you can expect. bob? >> reporter: melissa, earnings season really begins to pick up steam next week. now, we have netflix on monday, but tuesday and wednesday, we'll see more reports from the rest of the big banks also on tuesday, united heajt and johnson & johnson. a handful of names like ibm, qualcomm, visa, ebayand you already mentioned microsoft. there could be an upstick in volatility when all these names report netflix is a notoriously big earnings mover the options are implying an 8% move in either direction tr that stock. ebay is another big one. traders are expecting that to move higher or lower by about 6% meanwhile, johnson & johnson and united health are both applying a more than 2% move. we don't know which direction this could shake out, but it's going to be a wild week. melissa, back to you >> s

how do you get these to work together in some kind of sync. and this administration, you have a bunch of trade hawks running the trade policies and military hawks but no sign that they are in sync with each other. robert: what about kim jong-un? >> he has the good luck to have a simple policy. robert: we have to leave it there, doyle. thanks everybody. we'll get to it another time. our conversation as always will continue online at the "washington week" extra and talk about the fascination with president trump in europe and surprised resignation of the government ethics watchdog. friday night and all week long. i'm robert costa. see you next week. >> funding for "washington week" is provided by -- we have bren affected by cancer, some way, somehow, dana fasher cancer institute is identifying genetic mutations for targeted therapies and teaching your immune system and completely new ways. we are cracking the cancer code. learn more at discovercare believe.org. newman's own food products to charity and nourishing the common good. koo and patrici

. >> you sync it and everybody who is out collecting the data syncs to the same spot on the cloud and now you have all your data collected in a single location that you can act on. >> cal fire needs okay from leaders in sacramento before they could use the wild note app. >>> an 18-year-old woman is in jail tonight following dedeadly crash a that was broadcast on instagram friday. you can see the woman making gestures to the camera. moments later they crashed and a 14-year-old girl is ejected from the car. we are not showing the after math because it is too graphic. the 14-year-old girl died in the crash. the driver references the teen as her sister. she is now in jail facing manslaughter and drunk driving charges. >>> new tonight at 11:00 p.m. 5 kids are in the hospital, they were burned in a boat fire in sacramento county. it happened on fulsome lake this afternoon. investigators say the boat operator who just fueled the boat started the engine, the fumes and the ignition appeared to have caused the fire. >> we heard are a big boom. 7 small girls jumped out of the boat, smoke coming

. >> once you've collected it on the device, you sync to a cloud, and everybody collecting data syncs the exact same spot on the cloud and now you have all your data collected in a location that you can act on. >> cal fire said they need green light from lawmakers before wild note can becombater of the work flow. >>> 4:33. did you have a good weekend? >> it was too quick. >> some neighbors came to the coast to get a break because we were in the triple digits. they said it was 65 and just refreshing. >> nice. >> i don't think our lows were 65. hi, everybody, good morning. we have clouds at the coast and the bay and are squeezing out a few sprinkles here and there. san francisco, 54 and 57 in oakland. wind have been under 10 in san francisco but picking up in antioch, fairfield, to 18. we have clouds on shore to make it all the way just about into the tri-valley with the clouds in santa rosa with mostly cloudy conditions. the marine layer is thick and streams inland but by this afternoon, temperatures will dip below average. temperatures will dip by the weekend. 60s and 70s. 70s and 80s

i thought he might lip sync something at least. >> now, paula abdul was with the guys on the road fort up the lip sync stage with one of her biggest celebrity admirers, channing tatum's wife, jenna. ♪ >> i had no idea the impact that i had on jenna until channing came up to me at an event and said, dude, straight up, i'm not kidding when i tell you this. >> i'm like was that planned? >> he goes, my wife, it's like you're the reason she's in the business. i've always wanted to be you and do cold hearted snake. and then a couple months later, and i got to work with her. ♪ >> yeah, that lip sync battle surprise was all jenna's idea. but what's crazy is jenna's 36. paula is 55. and they look and dance like they could be sisters. ♪ >> she said it on the show, how freaked out she was that she was actually dancing with you. >> she's incredible. she's a bright light. >> jenna is not the only one fan girling all over paula. since the former laker girl got her start in the mid-'80s as janet jackson's cor 0ihoreograc three generations love the songs, those moves, and the fashion. let's break dow

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policy is more in sync. >> policy more than concerns on the u.s. economy.ck to earnings. morgan stanley reported report before the opening bell. what do you expect? >> it's hard to tell, but one of the things we have seen so far as buying trading revenues have been down. early in the year there were a lot of hopes for tax reform. we saw huge issuance of corporate debt and so that pulled some demand forward. that's been cleared previous earnings. i don't know with morgan stanley, but we will see. lea: let talk about what we hear from bank executives in earnings reports from financial corporations see in a positive impact the fed's announcement to rate hikes again. the announcement back in june. your normal mainstream people are not seeing more return on their checking accounts. right now it's 100 bucks they have in the checking account. when will they see more of her return for what they have? >> it's awfully tough because the interest rates came down so close to zero that the gap between for money and what they provide and pay in interest. do we have to see

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. >> jimmy: and i challenged you to a lip sync battle and you destroyed me. [ light laughter ] ea >>e end i did a little switch -- a flip mode, and kind of made you kind of lip sync with me. >> yeah, you turned it up. >> jimmy: i turned it up a a little bit. >> you turned it over, or turned it up. >> jimmy: i flipped it. i went flip mode. >> you were in full jimmy flip mode. [ light laughter ] >> jimmy: i went flip mode. >> i remember that. >> jimmy: i went flip mode. >> i didn't expect that. >> jimmy: and i sang "you lost -- you lost that loving feeling." >> i know. >> jimmy: and had to serenaded a woman in the audience. >> her husband was not happy with that. >> jimmy: her husband was not happy with that, no. [ light laughter ] but we still did it anyway. >> he was tolerant, appreciate it. >> jimmy: but then i think what happened there, i think, something clicked in your head. and you go, wow, jimmy, this is a -- idea. this is something that has to happen. we have to make a sequel to "top gun." >> yeah. >> jimmy: and now it was just announced. >> jimmy, it starts there. >> jimmy: i

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and non-24 can throw my days and nights out of sync, keeping me from the things i love to do.alk to your doctor, and call 844-214-2424. maria: investors want tax reform. markets have done their best to shrug off the drama in d.c. but how dependent is this market on tax reform getting done this year? jim grant is with me today talking about all of the above. do markets need to see a tax reform package this year to continue this elevation that we have seen? jim: my colleague was saying -- we were talking about this great show, and evan said, who is talking about the border adjustment tax anymore? no 4th quarter conference call was complete in america without furious questions and answers about the border adjustment tax. maria: the president doesn't want it. paul ryan is holding on to it. jim: that's the answer to my question about whether fiscal policy counts most. it's something we talk about, but i'm not sure how important it is for the stock market. maria: earnings in the first quarter were up 15%. gym earnings are up, interest rates are down. maria: is that the fuel for the

sync your platform on any device with thinkorswim.at td ameritrade ♪ >>> can the transports bruise the bull i'm a huge believer you do need the stocks that are involved in transportation, because that's a commerce, to go higher in order to verify the true bon feeds of any rally. you've got to move with genuine staying power. the financial stock going up after they reported their quarter, but they've held their ground however, the stocks in the transports representatived by the dow jones transportation average, they've been a disaster peaking july 14, 9,743, plunging to 9,183 today that is a breathtaking, breathtaking decline this group can be fairly emotional, meaning the truckers, the airlines, the rails, the straight, and a barge company can really jump around right now, though, they're jumping into an abyss. this weekend, between trips to my garden, i read the conference calls of every single transport in the index that reported and all i can say is while there are reasons for declines, they not to me necessarily signal a dire econ

the person that is being moved as the responsibility of being in sync. i'm going to cast. it is my job. are people surprised the? i was always curious and wondered why things were the way they were. i wanted to read up on it as much as i could. it's got a poetry come as surprises you can't help but s say. there are varying numbers. there is more than half of us we need them to process. isn't that interesting they help us by processing and sending messages. .. >>

you are talking about three to four years of being out of sync with the cycle. more it increases, the more you want to see evidence in the rearview mirror. >> with a 10 year yield, is that fairly valued? >> that depends on what kind of metric you use. of course, we are not a normal market. there's a huge amount of liquidity which is not necessarily serving an economic purse this -- purpose. by that metric, you can justify that a little more. i would still say that bonds are expensive.tty when you throw these potential changes, italy does feel estranged time. closely atooking this in the political landscape. idea -- how will that curves get reshaped? >> that is pretty much the conclusion we've come to as well. it does feel like the supply is the way. it is very difficult to say. we've had a lot of conflicting information, but it does seem ceilingith the debt that the treasury which is getsng down cash balances top first and foremost. is difficult. our best guess my be the five-year keeping with the average. maybe that is the sector that sees as the most. we've ha

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sync your platform on any device with thinkorswim.rd highs. let's get to the cme group and the "santelli exchange". >> good morning. i would like to welcome my first guestst week, thank you for taking the time, peter >> thanks for having me, rick. >> all right last week treasury and national capital flows otherwise known as tic data, two months in arrears. may day to show foreigners just enamored with purchasing securities best pace and close to ten years. tell us what you think is going on, there peter. >> yeah, i think u.s. yields are just higher than the rest of the world. we're seeing that foreign buy. you're seeing as equity valuations hit all time highs, credit valuations are still a little wider than they were precrisis. i think there is actually more room for credit spreads to perform. which, you know, there's been so much talk about are we in a bond bubble or credit bubble. if anything looks cheap right now, especially with the foreign flows coming in. >> all right everybody watches the dynamic you're describing. that our rat

sync your platform on any device with thinkorswim. only at td ameritrade >>> welcome back stocks rallying across the board today. s&p and nasdaq up around 1% while the dow closed at a record high here's what's coming up in the second half of the show. heading out to sun valley, idaho where we spoke to barry dill lard today she'll give us the details on what he said will be the next big merge ner the space. plus, he's pribringing the heat with the one stock that he says will knock it out of the park, but can he convince you to buy we'll find out later in the show but first, we start off with the move of the day. check out the semiconductor rallying more than 1%. the stocks etf now tracking for its best week of the year. the move has been underscored by one stock that continues to seem to defy gravity. nvidia, up more than 4% today on the heels of yet another analyst upgrade, this time from sun trust. that's fifth in just the past month. wall street just cant seem to get enough of this stock, so will chips keep grinding higher? >> i thi

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you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade >>> welcome back. president trump speaking about health care. that will take place at 3:15. at 1:00 p.m. in about 15 minutes the democratic leadership is talking about their own plan to better deal plan which will include a plan to lower drug prices. >> the democrats drug pricing plan essentially would do three things according to documents we have seen, create an independent price gaujing enforcer to oversea drug price hikes and give pow toor negotiate directly and require drug makers planning to raise prices by a certain amount to provide justification. that sounds familiar many parts of the plan are ones we have heard before including from hillary clinton in the tweet that took five percent off bio tech stocks in the fall of 2015 contributing to bursting of the bubble. investors haven't been too spooked by democrats' plans bec

sync your platform on any device with thinkorswim.y at td ameritrade we, the people, are tired of being surprised with extra monthly fees. we want hd. and every box and dvr. all included. because we don't like surprises. yeah. like changing up the celebrity at the end to someone more handsome. and talented. really. and british. switch from cable to directv. get an all included package for $25 a month. and for a limited time, get a $100 reward card. call 1-800-directv. >>> all right. what the heck just happened to the transports one after another rolling over just when we expected them to be rallying the transports are one of the most sectors in the market so this week, this is becoming unnerving to me. with the broader market hitting new all-time highs again today, we've got to be concerned about this both the airlines and the rails have seen their stocks get obliterated. and the whole pulverization i find it shocking take today's news about norfolk southern the railroad reported a terrific quarter with solid cargo growth down the lin

sync your platform on any device with thinkorswim.nly at td ameritrade the power of the nasdaq market. the power of 100 of the world's top companies. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> welcome back the number of ipos in 2017 were up because numbers may not be the whole story. let's get to leslie at the new york stock exchange for more on this >> hey, melissa, that's right. we've seen 91 companies debut on u.s. exchanges this year, raising about $28 billion, that's more than double the 42 companies that went public during the first six month of the last year. that generated about $8 billion, so, yes. those numbers show a rebound, but more important for the ipo market is is performance of recent ipos. here's why investors w