it is a fair bet tepper has been adding to his individual positions as well. if he thought the market was going to run, the likes of micron, amazon, alibaba, facebook, microsoft could be where some of his money is going beyond a uhl pure play on the market druken miller says he is bullish on the market. i turn to you. this seems to be a simple way of thinking that is what makes david tepper who he is. the numbers -- his numbers, speak for themselves, but it is his ability to take everything and distill it down to the most simple thing the fed is your friend the fed is putting more money in the system china tensions have eased. it's time to be bullish. >> yeah. that's the way dave has been thinking the other thing is that people like dave, but dave in particular more than anybody i know makes big, big bets so when he has confidence in his thesis, which he does now, as you know, he's going to put the money to work. in liquid names. because eggs crazy about liquidity and managing risk. in my conversations with him, he thinks that basically -- now it depends how f

go to shipstation.com/tv and get 2 months free. >>> david tepper bought carolina panthers in 2017 he'ssteelers fan >> it is a way in. >> there he is becoming the nfl's richest owner. he hasn't been shy about splashing the cash around promising to build a new world-class practice facility for the team recently signed rookie head coach to a $60 million contract. the other nfl owners are not too happy about the spending spree joining us now is jabari, our cnbc sports business reporter. i could see that there is a lot of them belichick is 12. sand shawn payton, tom around a 10 area. gruden is around $10 million those coaches, none of them can block. right? everything they can. shouldn't they just be happy they got this great thing going on and these unbelievably profitable businesses. why are they wining? >> there is nothing that owners want more than more money. if i can bin by paying someone less money, come on. when they come foo an industry, they try to make a mark. all of those guys, mark cuban the same way bought the mavericks came in with a smash he made his mark they try to make hi

what did tepper do wrong here?> he did what he's not supposed to do i don't count his much but when you raise the price of pork, you know, these first time head coaches they usually come in on four year deals and what tepper did he gave him a seven year deal. he's never coached in the nfl, never won a super bowl he's a temple guy. so he deserves some of that money. we're temple dudes but never won a super bowl and you have him making about 8 to $10 million a year bill belichick makes $12 million, pete carroll about 11 and mike tomlin is in that range as well. and yet matt rhule makes 8 to $10 million i want a raise. >> like a classic country club situation. you go to your country club you're tipping your caddie a thousand bucks. >> the guy i golf with is feeling -- >> yeah. >> i think that's right. i don't get what tepper is doing here, really i like the idea you want to give the guy the chance, but a four year deal. but as soon as you raise the price like that, the economics -- >> he had ten years at baylor. >> no

i'm carl quintanilla, with david faber, and tepper and druckenmiller blessed the market's momentum, helpingok past a host of downgrades, weak reports outs of transports. housing starts the best monthly print in over a decade, and ten-year 1a3 road map the resilient rally, stocks set for another higher open, wall street looks to close out a record-setting week. >>> peacock joins the streaming wars, how comcast's forthcoming platform looks to separate itself from the streaming flock. >>> joining the four comma club, alphabet more than $1 trillion all together more than 17% of the s&p 500. >>> stocks looking to hit new record highs upbeat news on the economy as housing starts rise in december to their highest level since '06 up 16.the and just to put that into perspective we are looking for an increase of 0.4 amazing, and of course the commentary from tepper and druckenmiller over the past half hour has done a lot. >> it's fed in the same direction. we'll pick apart if weather was a factor in the housing starts and the rest but that is when the equity futures took another leg higher when the n

i think neither david tepper nor stanley druckenmiller have gotten where they are by fighting the tapeready been long, no reason to panic out even if everyone is getting nervous, so i think this is in tune with what we've been hearing from the market david tepper i mentioned earlier, is a credit guy at root that's where he started out. if you're looking at credit indicators, you don't have too many reasons to worry unless you feel like it's simply too good to last. >> earlier you were saying we would be okay if we saw a pullback here. but we haven't been in a stretch like this for a long time. it may not necessarily be ending good news can be good news, can it not >> yes, it can i also, though, think, to your point, i think thesetwo gentlemen, they don't fight the fed either i think that was a big thesis behind getting more involved the easy money policies that we are currently living with not only domestically but around the globe are certainly helping to foul fuel the fire, but i think ultimately fundamentals will have to prevail. sylvia, some closing thoughts what was your top secto

let's bring in mark tepper founder and ceo of partners.this now put the energy sector front and center for you. are you buying or selling it >> the latest buzz is about energy stocks. a lot of people are wondering are they finally for real? i would say while the sector looks a lot better and stronger, don't get suckered in. back in 2008, the sector was about 16%. now it is less than 5% it has almost become irrelevant. over the last few years, where investors have regretted going overboard. this has been a waste land, the s&p's total return is a positive 80%. energy's total return is a negative 85% my take is to keep the sector waiting. use this as a yield play identify those companies that are paying a good dividend >> so given the situation with iran, iraq and the middle east should we about using as investors these headlines as a reason to either get longer on stocks or take money off the table? should we be making decisions based on what is happening in iran >> i would say don't change the strategy if you look at it, policy uncertaintie

and plus david tepper making his presence felt in the nfl he is beginning $60 million to a not so well-knownollege coach tt baylor. ishathe right approach s if new york state is taking business to the next level. supporting innovative companies that will shape tomorrow and building workforce development and tuition-free college programs to generate the talent companies need. with a $150 billion investment in state of the art, modern infrastructure, and a nation-leading commitment to low-cost clean energy, new york is doing more than any other state to build for the future of your business. new york state, the state of the future. learn more at esd.ny.gov. whether your beauty routine the statis 3or 57,...re. make nature's bounty hair skin and nails step one. it's the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. nature's bounty, because you're better off healthy. . >>> bernie sanders and elizabeth warren are battling over grass roots money and joe biden has a lot of names throwing down for him. >> and the biden campaign releasing its list of over 200 bun

david tepper texted in on friday and suggested right now that you have to be in the market full on sois whether everybody jumps on the train, everybody gets in and then the problem arises. >> i think that's most likely. >> but when do you jump off the train? >> but also the question is what do you jump into when you jump off the train and the issue is you can't jump into cash cash is trash. what do you do you get out? >> what do you do? >> so you have to have a well diversified portfolio and first of all you have to be global and you have to have balance and i think -- you know, i don't want to grab whatever the headline is going to be. you have to have a certain amount of gold in your portfolio. there's three monetary systems that happen. the first is in the old days it had intrinsic value carrie around gold coins then they -- then we come up with the idea of banks or even central banks and what they do is they create certificates that are claims on those. so we did that and we broke that in 1971. then you have a fiat monetary system which means that you can print whatever amount of

. >> you don't have to be a billionaire like david tepper or all those guys moving to florida. >>> let's move on. finally, just breaking moments ago the fda announcing a ban on the sale of fruit-flavored vaping cartridges, including mint flavors, but allowing menthol and tobacco flavors. this restriction won't apply to vape shops that sell the flavors via tank vaping systems. meg, you brought the news here first of all, somebody tell me the difference between mint and menthol. >> from what i understand and none of us vape so we can't tell you from firsthand experience. mint is more of a candy flavor and menthol might be a harsher flavor the idea is menthol won't appeal as much to kids as mint. however, if you talk to anti-tobacco groups, they argue that everybody who did mint will switch over to menthol so this new policy is making a lot of people very unhappy because the original promise back in september from alex azar is they were going to ban the sale of all. >> frank, you've been following this from the e-cig side as well can the industry actually get behind it and work with regulat

new details on david tepper's market thoughts including when he got more bullish and why.illion dollar club gets a new member in google. is it a sign of more gains to come or that some big tech stocks are too crowded and pete's been doing call buying in a name that's gotten smoked lately. we'll tell you what it is in unusual activity halftime worth report begins atn >>> tech continuing to fuel the broader rally. the sector up 50% in the past year cloud stocks are among the gainers. look at the first truck cloud computing etf, the ticker is sqyy, names including google, amazon and microsoft for a closer look at the competitive cloud space, we're joined by crystal belmont taking over at cloud data integration company taland last week welcome. >> thank you for having me what do you expect you've been in the space, software as service for a long time what do you expect in the multi cloud world will be the definer of success in 2020 >> look, i am very excited to be at talend. talend is a global cloud data integration company that focuses on a real problem that is the hottest th

david tepper bought the charlotte team. the list goes on and on.n the 49ers' jed york has a minority stake in one of the teams. >> i think the most relevant is manchester united, obviously it's a huge club. arsenal, massive club. but yeah, obviously huge involvement between nfl owners -- liz: the chiefs owner, the hunt family, they have a team. >> huge involvement. i talk to the hunts about it all the time. their team in dallas. they have a background in soccer. clark played. they are great people. liz: is soccer the new football? >> the two biggest sports in the world. so we are involved. i think those two biggest sports in the world and wrestling is my favorite thing in the world. there's nothing better. so we are involved in all this great stuff. liz: is your wrestling company cash flow positive now? >> it will be this year. the second year turned around after the huge startup costs of creating a new league. internationally televised, it's huge. yeah. in year two, we have a great chance to be a profitable company going forward, we will be profit

between tepper's view of the world and we don't know if that's david's view and where paul was, whereng to have a view on that specifically so we have 10,000 stocks in our portfolio. it's all about identifying the relative value opportunities without having to make a market call that call is too hard to make. >> although, i would say value calls -- look, if you see a pullback in some of these arenas, does that pop up as value on your screen >> who are the winners and who are the losers and what are the dislocations within certain sectors or world geographies that are created from something like the coronavirus it's clear over time that there will be winners and losers that come out of this episode so whether we're looking at that from are a quantity taative apph or long-term approach the key is understanding. >> where do you see opportunity right now then >> i think certain opportunities are being created in asia itself it's clear, and we continue to deploy more capital in asia across both the long/short space as well as the quantitative space not just because of the coronavirus but a

i mean, we were really asking him about what he thought of david teppers's call friday earlier. said look i could change my mind at any point and the call was saying, guess what, i'm going to -- >> well, the biggest concern was the monetary and fiscal combination of things that he says is as crazy as anything he has ever seen. >> meantime, i want to get over to j.j. to continue this conversation right now. do you look at this as a dare i say buying opportunity how do you play this >> first of all i don't think i'd be buying with both hands right now. that's probably not the smartest thing to do but i think it's part of a normal sell off. they had a rough day on friday but overall i think that with earnings also, some of these earnings stocks may make some statements that if they would give good early looking statements this would be a great opportunity for buying that said, i'm always a believer that you should be a partial buyer at any time. you don't want to be both hands in and i think doing something like that is just foolish at any time but particularly when you have such a

. >> you're talking about mike wilson again tepper is not one of your strategists.son. >> different opinion, joe. >> obviously. >> who gets the good ones and who gets the bad ones? >> the public gets to listen to everybody. >> but the point was actually in talking to him was what we had a endless parade of sell side analysts that work for firms like yours that a lot of times spend more of their time making sure they're not going to be wrong one way or the other looking at mid single digits for the next year. i would say that that was against the consensus to say after all we have seen we're expecting a lot more that shows that everyone is buying at this point i think these two uys. >> australia has a unique advantage which is its very close to china and china buys a lot of the dirt. so it's a good situation down there. but, no, listen, i'm not -- i wouldn't be buying -- to my point, i'm not buying with both hands if that's a question >> that's the question earnings are going up by the same multiple. by definition stock pricings are going up one of the things that i