. >> plus, wynn's big warning. wynn turning into a loss it has investors running from the sector what is ahead and should you steer clear of the casinos we'll tell you why consumers are suddenly questioning why buying a home is a good investment. that and more as power lunch begins right now >>> welcome to power life. a mixed picture on wall street the fourth day of gains. the s&p is off by four points and the nasdaq composite is down 30 financials and consumer discretionary are leading. utilities and energies lagging wall greens, verizon, and jpmorgan and patter pillar leading. l brands higher after raising the outlook. the same stores jumped dr. horton on the red in the revenue miss, and oil in the red. the etf that tracks this sector, xle, down nearly 10% in a month. let's go to dom with a look at how far we've come from the october lows and what's moving us there >> con tes have a, great points about the market action. remember for the subpoena subpoena the broader markets, we've seen broader moves that have go

i think wynn in particular was premium high rollers.hen you read that it doesn't inspire you to buy the stock. >> no. it doesn't inspire you to buy the stock. when it comes to china again you start to focus on the renewal of licenses in 2021 which is not that far away. he is very close to the president. you would imagine that he is sort of focussed on that issue. >> was he as close as the cnn reporter was to him? >> i think they have a much more affable relationship than jim acosta does with the president. it's something you can imagine is going to be on his radar as a tension point. >> he was there as the president was watching returns on tuesday night. >> that's a great piece of data. >> along with a few others. >> mr. china. >> quaalcomm -- i like how quaalcomm is set up with china. they are doing a lot of business. they are doing 5 g. everyone is going to throw it away and they are going to settle. tim cook is going to settle. >> you think so? >> yes. >> the dispute is whether they are talking or not talking. they have talked to app

plus monitoring the big earnings reports after hour wynn, square, equal come on tco equal come opinion cannabis gone piled and two big political wins could lead to the end much on tibitition on a federal level soerhan you think. much more "fast money" right after this ouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. . >>> welcome back to "fast money. it has been a wild, wild day in d.c. all the drama could bring us closer to the end of pot prohibitition. pot stocks getting a bo

they have a more balanced business than wynn, who is about 75% of their cash flow is out of macau. they have five times leverage. so that's an important difference to point out. >> if you're an lvs, wynn, mgm shareholder, should you be nervous now? >> i think you should be the discussions we have are with investors who are appropriately nervous. because i think if we sit down and pick up a pencil or a spread sheet and try and calculate what the impact could be and what the range of outcomes are, it's extremely difficult to get to a conclusive answer that you feel comfortable with >> david katz, we appreciate you joining us especially nice and early from kansas city. have a great weekend n >> you, too. >>> a lot of angles to that g20 meeting, not just about trade, individual sectors and individual stocks also at risk, on the line, or something to watch. futures mildly down. a lot more coverage will be picked up by "squawk box." i'll see you on "power lunch" later today 1:00 to 3:00 p.m have a spectacular friday. that's it for "worldwide exchange." "squawk box" is nextt's talk a . ♪

shares of wynn resorts are heading for their worst day since april 2014. warned of a slowdown in a key market. i think we know which one. tell us more. reporter: overall, they reported a solid in-line quarter after the bell. profits actually topped estimates, but that was overshadowed by -- macau. making up 73% of the company's revenue, they operate in las vegas and are the key driver of revenue. some names are falling in falling the wynn heaviest because it is the most heavily exposed. the company ceo downplaying revenue going forward, saying the gaming market in macau isn't working. he's saying that the vip business is especially slowing down and not picking up around the golden week holiday in october as it usually does i. guy: does the market see a murky environment? >> they do. if you hop into my terminal, you see how the analysts are reacting. the average is 130, at 160 last night. -- theere sold kind of idea that an economic slowdown in china is coming. wynn resorts, you can see the drop, 50% since may since tariffs and china have come. , you will b

i'm chris wynn, "abc 7 news". >> all right, chris. thank you so much. >>> let's check the final results from our poll at abc7news.com/vote. >> yeah. about the new taxes on big bay area businesses. 56% of the people responding right now say they should pay more while 45% say it will drive businesses away. >> thank you for being part of this. if you have an idea, we would love to hear it. share what you are thinking by adding the #betterbayarea on your social media posts. we are working on building a better bay area together. >>> in our election coverage, several key state and local races are still too close to call, especially given the larger number of mail-in ballots. "abc 7 news" anchor kristen sze is here with four of the very-important races. kristen. >> reporter: that's right. let's start with two high-profile state office races. so much money went into the race for superintendent of public education between democrat tony thurmond and marshall tuck. right now tuck holds a slim lead over thurmond. for insurance commissioner, democ

"abc 7 news" reporter chris wynn tweeted this video from the backup on interstate 880.e are major delays near coleman avenue. brush and trees caught fire half an hour ago, possibly near a homeless encampment. we will keep you updated. >>> credit card fees, some avoidable, some not. they're all costly. why don't you stop paying them. >> "7 on your side" michael finney can show you how to do that and he is here now. >> no more fees. remember the old catch phrase, just do it? here is another one, just don't. your credit card issuer and your own behavior may be piling on fees, but there is something you can do about it. ask your bank to stop it. dennis bartell still uses a couple of credit cards he got in college. >> reporter: do you pay an annual fee for those cards? >> yes, i do. >> reporter: do you know if you call and say, i want you to waive those fees, more often than not they will? >> oh, you're kidding? >> reporter: new study shows that. >> these are 25-year-old rlationships. certainly, you know, they should grant that wish. that would be wonderful. >> reporter: it

. >> reporter: -- stood up to meet her british sister wynn, aged 88 and her british brother john, ageds is a sibling reconnection that happened first using technology. >> somebody calls. >> oh, you call that skype. >> yeah. >> oh, i wasn't using skype. i was using an ipad. >> reporter: but their separation took place in an era that held on to secrets. una was born unwanted in england in the 1920s and placed so young in a convent near london that she had no recollection of where she had really come from. just a vague memory that a few times a woman with two small children made some visits. >> and then they disappeared again, and i was just a little kid, so i went a long time without anybody. >> reporter: una spent decades wondering about those memories but it was her grandson christopher who did the detective work. >> she had said if i win the lottery, i would go find out who my mother is. >> reporter: christopher tracked down the convent records, got the necessary permissions. >> and eventually they broke to us and gave us wynn's information. >> reporter: and so reunited in houston wit

if you take wynn, for instance, you have a price target on wynn of $170 bucks. it's been hovering around the $100 mark or so about a week or more what do you think is going to drive that upside? >> well, look, i think we've set that price target after their most recent second quarter earnings as we did all of our other price targets. and if you looked across all of the price targets that we have, they are way above water and so everything looks like they're streaming by as i look across casinos, particularly those domestic, but macaw as well, they all look attractive for a trachltd when we put it in the context of the longer term fundamentals and when the market settles in, i think that will lead to differenciatie which is not thes now. everything looks cheap >> china just opened a new bridge from hong kong to macaw it cuts by about you know something like 75% the commute that it would normally take someone to drive there what's that going to mean the these mass market gamblers who have been the driver of gaining revenue growth in macaw? >> it is a positive and

the wynn resort shares down 12% in after hours trading pl.ow. >> contessa, the weakness. >> yeah. >> particularly vip in macau any link to the trade tensions >> he is not making that link specifically we heard him mirror what we heard from sheldon adelson in las vegas sands. they have concessions coming up in 2022. and both companies now i ha heart matt maddox saying they consider it this an amazing opportunity for investment he is talking about developing some 7 acres near macau palace, the wynn palace. the way they're going to have thousands more hotel rooms coming online. they are trying to demonstrate the commitment to macau to shore up concerns over that concession >> all right we'll let you get back to it contessa thank you for the comments from asian demand for the stock, now falling double digits. a news alert here on parent comcast. alex-sharpleyen preying the story and brings more what have you found. >> there is a new box going to be launched by comcast our parent company largest u.s. cable company that will be marketed toward inte

we begin with abc 7's chris wynn in mountain view. chris? >> reporter: from sky 7, a sea of google employees at the company's headquarters in mountain view. down on the ground, a united front. >> unfair for the women being attacked that they have to speak to the people above them to get change to happen. sometimes they are the ones above them. >> among the demands, an end to force arbitration and harassment and discrimination and a clear process for reporting sexual misconduct safely and anonymously to pay in opportunity and equity. women make up 31% of the workforce at google, yet only 26% serve in executive positions. at the lucas college of business at san jose state yesterday, as more women choose to speak up in the me too movement, they have to respond. >> the organizational culture have to adapt to the demands for visibility and openness and more of doing the right thing. >> elected officials such as jackie spear voiced her support for employees. >> they don't want any tolerance for sexual harassment in the workplace and they certainly

. >> "abc 7 news" reporter chris wynn has the story. >> reporter: chaos inside the cafeteria after a 19-year-old woman was attacked while having lunch at cabrillo college. >> we are usually on high alert because of the society we live in, but since it happened halloween night, who knows. it could strike another. >> reporter: just before noon today, a 40-year-old man walked into the cafeteria and randomly stabbed the victim with a knife. he was identified as steven wooding, a former student known to law enforcement. the college got a restraining order against him about a week and a half ago after authorities say he spent months harassing staff members the phone. >> it doesn't look like they have any relationship, it doesn't look like there was any reason he would attacked her other than him coming on campus and wanting to do this. >> reporter: according to the sheriff's office, the suspect was previously arrested for assaulting a staff member in 1994 with a wooden ax. he spent several years at a psychiatric institution for the crime. today college officials credited first responders f

in santa clara, chris wynn, "abc 7 news." >>> new developments now.akmont senior living in santa rosa has reached a settlement with state officials after staff pmembers admit to leaving residents behind during last year's tubbs fire. one year after the villa capri and verena burned to the ground, the department of public services will allow both to continue operating on a two-year probation. two months ago they filed to revoke both licenses. is settlement includes making sure they're properly staffed overnight and perform annual evcuation drills. >>> new developments in the lawsuit against the makers of the weed killer roundup. the company is appealing the verdict. a man in the bay area sued monsanto and won, as you know, claiming roundup caused his terminal cancer. last month a judge reduced the award in the case to $78 million. today monsanto filed an appeal and requested review of the court's refusal to order a new trial. in the trial they argued there's overwhelming evidence roundup does not cause cancer. >>> we first told you last friday about a

i'm chris wynn.uben foster after he was arrested last night in tampa, florida for domestic violence. the 24-year-old former first round draft pick for the 9ers was taken into custody at the grand hyatt hotel after a verbal altercation that police say turned physical. the 9ers are staying at the grand hyatt and will play the buccaneers at 10:00 a.m. according to the affidavit, the victim is 28-year-old alyssa ennis, the same woman who earlier this year accused foster of domestic violence but then recanted her statement. a tampa police spokesperson said foster is accused of slapping ennis' phone off her hand, pushing her in the chest and slapping her in the face with an open hand. officers who arrested foster saw a one-inch scratch on the accuser's left collar bone. police say foster and ennis had an on again/off again relationship over the past three years. this morning a judge set bail for foster at $2,000 and ordered him to avoid contact with ennis. >>> let's get a quick check of the bay area foreca

"abc 7 news" reporter chris wynn has the story from san jose. >> reporter: call it a winter wonderlandse. christmas in the park has returned to plaza de cesar veshaw -- chavez. this one from the catholic charities stem program features many computer ornaments programmed by elementary students. >> they all had their own color, their own sequence, their own patterns. it is a lot of fun. >> reporter: each year david puts up a tree to honor the daughter he lost to sudden th syndrome. >> i want a bigger tree because it feels good doing something like that. >> reporter: bailey bayer and his family are raising aware for their nonprofit, half bay be strong. >> we lost a brother and sister to childhood cancer. for those to be able to walk by and see and for us to express through our tree what that means to us and what it means to other families is just super meaningful. >> reporter: tonight the community giving tree was lit by the smith family, who recently lost their paradise homes in the camp fire. >> we are just taking it one day at a time and holding each other. we know tomorrow will be bet

chris wynn has more from san jose on the rational behind the decision. >> reporter: as smoke from the camp fire hovers throughout the region, this has become a familiar scene, empty school playgrounds and athletic field because of the poor air quality. >> they're coughing during the night. they're like -- they don't feel good. they wake up, they don't want to go to school. >> reporter: but in the south bay, of the 31 school districts in santa clara county, all but three chose to keep classes in session at the recommendation of the county board of education as well as the county health department. >> we want to ensure that students have access to safe indoor, clean air. >> reporter: public health officer dr. sarah cody says it was the best recommendation to make. >> families, of course, don't have to send their child to school if they feel that on balance it is better for their own child's health if they stay at home. >> reporter: with 30,000 students, the san jose unified school district stayed open but kept kids inside all day because of the smoke. >> we have great filtration systems

marquis good wynn and kendrick born launched the elaborate handshakes in september in a game against the chiefs. nasa decided to pick up on it. two different kinds of touchdowns. nfl one is great. on mars, that is something. >> that's spectacular. >> sports director larry beil. >> they've been working on that for six weeks. >> really? >> yeah. >> looks like a lot of coordination. >> yes. reuben foster did not stay unemployed for long. troubled linebacker claimed by abc7 sports experienced by river rock casino. >> good evening. the washington redskins sent a clear message today, if you can play, we will overlook almost anything and with that they claimed reuben foster off waivers a day after the niners released the troubled linebacker. the 49ers decided to cut the cord following another domestic violence arrest. the redskins were the only team to claim him. he's on the nfl's exempt list. the redskins would not call colin kaepernick because he dared to kneel but repeated domestic abuse allegations does not quis disqualify you if you're talented enough. >>> an they've been playing the b

marquis good wynn and kendrick born launched the elaborate handshakes in september in a game against. two different kinds of touchdowns. nfl one is great. on mars, that is something. >> that's spectacular. >> sports director larry beil. >> they've been working on that for six weeks. >> really? >> yeah. >> looks like a lot of coordination. >> yes. reuben foster did not stay unemployed for long. troubled linebacker claim well, it's a whole day's worth of love songs. or 300 minutes of baby videos. a gig goes a long way. that's why xfinity mobile lets you pay for data one gig at a time. and with millions of wifi hotspots included, you'll pay even less for data. or if you need a lot we have unlimited too. plus, get $200 back when you buy a new smart phone. it's simple, easy, awesome. click, call or visit a store today. abc7 sports experienced by river rock casino. >> good evening. the washington redskins sent a clear message today, if you can play, we will overlook almost anything and with that they claimed reuben foster off waivers a day after the niners released the troubled linebacker.

. >> plus, wynn's big warning. wynn turning into a loss it has

care. —— michael wynn—jones.n the sand, jones is not finished to bring evidence in the inquest can be continued and concludes on friday. a woman and her former boyfriend have been found guilty of being responsible for the death of her three—week—old son. stanley davis died in march last year after sustaining 42 fractures to his body. he was three weeks old. roxanne davis, from gosport, and samuel davies, from southampton, were convicted at winchester crown court of causing or allowing the boy's death. in australia, thousands of people have been told to leave their homes, as bushfires devastate parts of queensland. a catastrophic fire warning has now been issued, for the first time in the state's history. extreme weather conditions have also hit new south wales, with torrential rain and flooding in sydney, from where hywel griffith reports. fleeing the fires while they still can. for 8,000 queenslanders there's has been no choice but to leave their homes behind. bush fires are a familiar threat in australia — but

what did wynn say about macau. what did disney say last night they sated the chinese theme parks were weak. and theme trips. the chinese expaidy. it's not just isolated to china. because the chinese consumer is bigger than ours and we expect them to travel here, to europe to buy our goods. when you back drop that with the trade situation i think it really sets up very poorly in the year end. >> there is a knock on effect to emerging markets a kwold in china spreads throughout the emerge being market complex we have seen it compounded. >> i'm not letting china be my road map for the rest of the world right now. i dwroe, get china right get american market right. >> is china affecting the u.s. >> i don't think so. i think china is stimulate fudge anything -- i said this two days ago i'm not happy about the trade. but emerge being markets may make a move here in a world where we have dead lock in washington and slower fiscal and opportunity for the fed to stand back i got long the em sometime during the day wednesday

. >> chris wynn will join us live from mountain view with details of measure p, but let's begin with

i'm vicky wynne. >> i'm terry mcsweeney. on with a special edition of nbc bay area news.tories we're following. butte county flames 65% contained. 150,000 acres, death toll rising again, another body found in fire zone putting total number to gathered at first christian church in chico for a vigil for the fire victims. more than 900 people still unaccounted for. >>> house fire in east bay claimed life of teenage girl. broke out just before 4:00 a.m. in orinda, and left four people with burn i ie ful gulfed in flames what they arrived. >>> emotional gathering in hayward to keep case in the spotlight. nine-year-old abducted in hayward 30 years ago. 1988. makailah or her captor have never been found. >>> event that shocked world 40 years ago, more than 900 people killed in massacre at jonestown, people in bay area remember that tragedy, including congresswoman jackie speer who survived it. >> reporter: gathered on fillmore street to honor those who died in jonestown. event held in oakland where many are buried, recognition and history in san francisco are important. >> happe

my name is wynne chip hilliard. as you know, the response to the 9-11 attacks, the patriot act basically gutted the foreign intelligence act of 1978, allowing 9-11, and an average of 40 filings per week after 9-11. this cannot be accounted for by lpsa involuntary commitments through 5150 or related code sections because the san francisco mental health code system did not increase in capacity by a factor of 19 in one month. they can also not be explained by laura's law. laura's law wasn't even passed until 2002, and it didn't go into effect in this city until 2014, which is not even on that graph. these -- these, i believe, are involuntary incompetency to stand trial determinations arranged -- well, i'm out of time. madam clerk. >>clerk: thank you for your comments. next speaker. >> i just wanted to say, i've removed several truckloads of weapons from the latino community in a deweaponization attempt under u.n. authorization. there is a new customs and immigration facility in ciudad hidalgo. there were buildings that

and we saw a nice run in stocks from nike, casino operators, wynn resorts and tonight we got a stellaret of numbers from starbucks, which called out china as the fastest growing market all right. we've got to come full circle. i'm sure people are saying jim, i don't care about any of that, what matters is apple reported numbers they didn't like and the stock got thrown away because they will no longer give you a breakdown of individual product. i'm sure there are people who will say, you know what? i have to panic and sell apple, because apple must be turning down, and it's going to be herd animals all over the place, and all i can tell you is wait a second, please, just wait a second apple, apple's ecosystem continues to grow. the stock was up 30% going into the session. i accept that the stock is going to go lower. but remember, we just had 1,000 dow points that worth capturing, even if we get what i'm regarding as an undeserved, crushing of the stock of apple tomorrow you know what i have to say a stock up 30% coming in, that reported an amazing number, but was conservative and chan

wynn ceo talking about a slowdown in the current quarter. missa health posted a huge .atalysts are simply waning. finally a bit of a mixed market here -- a mixed picture, i should say, in terms of these movers. 4% versus the 1%.mate of 4/10 of square down 8.2%. their profit view missed. morgan stanley saying these could just embolden the shorts on the shares of square. guy: in many ways, seeing what you are seeing here in europe as well, a lackluster session. you can see this with the stoxx up 3/10 of 1%. italian yields rising. russell and rome going to veto. italian banks best going toe to toe -- going toe to to. it is not actually italy related. it is related to the situation in turkey, where it has a bank feeding back into numbers today, providing a little but i shot. unicredit down by 3.7%. 90 minutes to go until the european close. not a lot of sense of direction out of europe either. vonnie: thank you. it is decision day at the federal reserve. keepomc widely expected to rates unchanged. there is no updated forecast today. are chief u.s. -- our chief u.s. economis

and wynn was somewhat the opposite of that. prison is run at a profit so every chance to cut corners was taken, which meant that there were 1500 prisoners and rent 25 guards on the shift. it meant that there was one part-time psychiatrist for the whole prison. it meant that the healthcare was so bad that people were literally losing limbs in the prison. it was just kind of, it was so bare-bones that it was just utterly chaotic and violence and, you know, was just kind of living a long day today trying to continue and stay in business really, which was, it was under threat a lot of the time because it was just really falling apart. >> wow. yeah, it's really dark. i feel like the two of you have such a different experience of being inside a united states prison. we were talking just before the panel about how being an educator is so different from being a guard that you have, you know, being an educator, the men really want to be -- i'll let you guys talk about this. i'm wondering if debra, you could talk about how you feel your

wynn is on pace for its best month since august of 2017 mohawk all extending their gains over the pastler? >> thank you very much. >>> the oil market closing for the day. seema is at the commodity desk >> we saw oil drop nearly 8% on friday and losing about 11% on the week today, oil prices trading back above $60 a barrel with wti crew trading above $51 a barrel despite a new report this morning suggesting saudi arabia has raised oil production to an all-time high in november. investors are now awaiting talks to commence at the g-20 summit between saudi arabia and russia. any commentary from leaders there could be market moving ahead of the opec summit on the 6th. barring any major headlines goldman sachs expects price elevation to remain elevated in coming weeks we're seeing oil prices today and energy producers chevron and bp are trading higher by around 1% to 2% on the day. melissa, back to you >> thanks. >>> it is game day for retailers cybermonday expected to set online shopping records. courtney reagan is inside the walmart fulfillment center with more hey, court >> hi, melissa i

and 200 years from now, school children will know only two names, abraham lincoln and everett der sh wynn. we came here for a purpose. and maybe if they get that sense, the ben franklin sense or the abraham lincoln sense, they will realize the fever has to break. the sooner the better. >> and what do you think, walter, and both of you really, the turnout. that is a massive vote, you know, from people. the turnout was historic for midterm. >> so welcome that so many people got involved. and i think there needs to be a mobilizes force. somebody comes along right now and says we have all gotten involved and says i am not going to appeal to the worst of america and not try to divide you. we know we share so much in common and have goals for this country. and if you can get a caucus that doris has helped name, which is the better angels caucus. >> it is a brand. it is good, the better angels. and maybe you would agree too, walter, this massive show of women. >> absolutely. >> both of you, thank you so much. and now, for the relationship between president and the press, remember thomas jefferso

. >>> some other stocks to watch, wynn resorts third quarter earnings missing, they are warning of a>> square's q3 profit beat, but fourth quarter profits are forecasted below expectations. >>> and take-two interactive reporting strong second quarter results. the video gamemaker is raising its guidance for the year on the heels of a monster opening weekend for its newest title red dead redemption 2. shares are up 2.5% premarket >>> we're following the latest developments out of washington, d.c. president trump firing attorney general jeff sessions, but the question is will this matter for the market and for your money? let's bring in the senior fellow from the national taxpayers union. we've learned through history, since 1950, that when there is a republican in the white house, markets love a divided congress. is that the case this time around >> when you look at yesterday and the week coming up, when you look at the economy and market performance, keep in mind the market performs well a quarter after the midterm election it a would be a mistake to think of this as optimism. the fac

. >> caller: my question is regarding wynn resorts >> let's go to the next one and kentucky mansoor musthat you got >> caller: my question is about tesla. it had -- >> tesla the other day, the cars are beautiful. next, roger in minnesota roger. >> caller: hey, good afternoon, jim. i own a lot of shares in -- >> you should buy the stock. we almost did today and almost pulled the trigger you can join the club for visa barrett. >> caller: hey, jim, thanks for having me on >> thank you >> caller: so, just regarding retailers reporting earnings next week are you bearish on the hole sector after recent earnings reports. >> i think the sector has to go down part of the fact that if the fed keeps tightening, what is the stock? >> caller: is a retailer like target -- >> target, i forgot to mention that i think target is doing okay but wouldn't buy until after they report tim in colorado. >> caller: hello, mr. cramer. >> yo, doctor. >> caller: boo-yah from beautiful boulder, colorado. your shouts of when you believe opco will turn the corner -- [ buzzer ] >> annette in colorado annette. annette. >

autodesk, wynn, jd.c ldiomeang the way. the dow is up 180. >>> welcome back to "squawk alley.nother big mover this morning, deere up 4% right now. the equipment maker out with disappointing earnings this morning. keep in mind, though, sales still grew agricultural equipment, the biggest segment up 3%. construction and forestry equipment sales up 65%, thanks in large part to that vertkan acquisition. also calling out what expects to be continued growth in u.s. housing. here's how to think about all of this there are concerns about the strong dollar, global slowdown in growth, higher input cost which did affect margins this quarter and the u.s./china trade conflict that's help pressure soybean prices and whether this could hurt future demand for deere products on the call executives coming across pretty optimistic laying out four reasons, for example, why in the u.s. in terms of large agricultural orders, both farmer and dealer sentiment remains, quote, cautiously optimistic we're much earlier in the cycle still and they are seeing demands coming into 2019 from those farmers. co

president of nbc cable starting cnbc also the former strategist abcurrently executive chairman of wynnwen a a cnbc contributor good to have you here. >> thank you for the intro. >> pete made the point they moved into streaming but maybe not fast enough. is that the way you feel. >> well the biggest issue disney had this quarter is stopping people from spreading the ashes of their dead relatives around the disney parks but the stock is clearly not dead it's alive as pete said. mariosaid earlier. >> he did. >> he thought as much as 200 in the next two years but i don't see a new life here. the sports story is optimistic, as he was about espn, churned for the last quarter, germly was terrible people thought it was getting better in the third quarter churn across the industry worse. dish and director tv a third of that churn was horrendous. the new skinny bundle digital guys are not making up for that. i don't understand the optimism. >> and the cord cut something still happening. >> it's still happening. >> it's here to stay. >> you're going to enup paying for more for sports rights. >> t

with china have bled into the world of the big casinos with exposure to macau none is bigger than wynn resorts. now the company seems like it's floundering. i wouldn't touch it, particularly with trade tensions take two interactive reports too and they released their latest game red dead redemption 2 we'll get our official look at how it's selling he repeatedly told us on "mad money" this would be a big winner so far the game is off to a spectacular start. we're going to learn more about its staying power. thursday is a day many of us have been waiting for because the walt disney reports after the bell the new disney, one with the key fox assets i'm very excited about this call and i would absolutely be a buyer of this stock so long as it doesn't run too much going into the quarter no longer will disney's narrative be trolled by the stories and vicissitudes of espn that's a huge achievement in and of itself. finally friday we get the producer price index, which is the only number left that could potentially give us some hope that the fed won't need to keep raising interest rates after

. >> it was steve wynn's course for a long time, i think, wasn't it or he built it, i think. >> no.far off the property and it just reopened again it kind of got a breath of life again. again, i've never played golf in las vegas. it's something i want to do. >> i'm surprised >> i know. i gamble >> out of 180 rounds a year that your wife told me about, i would think one of them would have been -- >> that's fake news, joe it's no more than 60 >> so i decided -- i have $20. i'm going to do it, i think. you are, i'm sure. you can write it off though. >> i'm going to be here at the exchange filling in for bob pisani until 2:00 at least eastern time i don't know when with traffic i'm going to get home in time to watch it i might catch the back nine. but they're not going to charge me ten buck for the back nine. >> isn't a drink $20 in a lot of places in new york now >> i just drink water. i don't know >> i think water's $20 in some places all right, dom chu. i'm excited about it i think it should be -- you know, tiger's back phil, didn't he win a tournament he did pretty well ryder cup wa

of it has to do with earnings and kwied answer related stories we have a lot of china names we know wynnfter the bell yesterday it is pulling names lower as well so pretty big names down facebook, apple, amazon, those are lowest too facebook is the number one point drag a number of names are higher the chip names had some strong earnings, part of the reason to pull a group higher. back over to you >> thank you >>> surprising news today. phil has to details. >> the name of the company is called spin. like so many it believes there is great demand when it comes to people who want to share scooters they are dockless scooters you can go and basically rent them out far short period of time there has been great growth for other companies when it comes to these types of scooters. ford believes it is part of that mobility question of how do you get people not just their last mile but really the last 300 feet from some corm of transportation and they need to make it to the destination, whatever that might be ford has done a number of investments within the last year and a half two years, some of

. >> by the way, he sold -- the man sold at the right time >> top of the market steve wynn is smart.n and out >> your term of crazy story, we are on track on the best etfs growth since 2010. >> nobody cares. supply change. >> we have to talk strucker shortages. >> did you see upsp sells, why trucks are rolling over, production is rolling over earlier than later this is a common piece and this is point-blank saying that whole move -- i am struggling to find a theme that's working louie had a great number people are saying louie is over done let's get the elections through. >> there are notes today about tech and semis and small caps and the ndx are all under pe performing the price and volume trends are explosively positive we are not getting that. >> no, we are not. i have to tell you the gloom is so powerful. >> really? >> yes, what ises the a the all highs yesterday? what do i always tell you not to drink. >> bleach, clorox. >> kitty litter. >> with the higher multiple than alphabet >> apple would be at 470 i forgot to mention that apple is down. i have not talked about ge >> no, y

diana will perform just nine shows at the wynn's theatre spanning the month of february.g and vamping, posted by her daughter tracee ellis ross, of course. tickets for diamond diana go on sale this friday. i am in. i saw you writing it down. >> let's go. >> nine shows, yes. it actually coincides with the oscars, thinking of a stopover in las vegas. we have to go. >>> also in "pop news" this morning, news on another iconic performer. bruce springsteen fans who not get to see his one-man show on broadway you will get your fix on netflix next month but they just released a first look of their film version of the show. it's amazing. here's bruce talking about his lady love. >> one night hanging out at the stone pony and this beautiful redhead shows up, a great songwriter, one of the loveliest voices i have ever heard, smart, tough, but fragile. ladies and gentlemen, patty scialfa. ♪ >> so great. 236 it officially closes december 15th. the netflix special premieres the next day. it was only supposed to be an eight-week run. it was so amazingly popular. it went on and on but we

results from canopy growth and tilray on the flip side casino shares getting a bump boyd gaming, melco, wynn, mgm all higher >>> as tyler mentioned shares of apple falling. 20% below its 52-week high which the stock hit over a month ago josh lipton live from san francisco to go inside the numbers. hi, josh >> reporter: a week that apple bulls would like to forget here, that shock has been shelved. now tumbling into what some traders define as a bear market, down 20% as you mentioned, courtney, from that october 3rd, interday high. the week started off with that downbeat report from key apple supplier which told us that a large customer had cut orders. goldman sachs responded reducing fiscal '19 units by 6% today ubs, which still rates apple a buy, also trimmed calendar q4, q1, and q2 estimates. guggenheim going a step further down grading apple to neutral. guggenheim telling cnbc this morning that weaker iphone units was one reason for the downgrade but bets iphone average selling prices won't proep vid the same help they did a year ago, so iphone ref fuse will also decline. so how do apple

. >>> wynn reports resorts third quarter earnings were lower tha expected for the third quarter and theyrned of a slowdown in macau. >>> we are also watching square third quarter profit topping estimates as it earned more frot earned more from processing payments but the company is forecasting fourth quarter profit as well as margins below analysts' expect las vegases. >>> and strong second quarter results, the video game maker is raising it on the strength on red redemption 2 >> we have that. >> you do? >> yes >> do you play it? >> i don't play it i watch it it's like 80 hours >> apparently, it says the game generated $725 million in sales for the first three days >> good for them and the new chairman of cbs. >> oh, right, yes. >> and he runs take-two. >> that's right. >> he's the chair. >> that's right, he is >> i've always wondered, by the way, not to speculate too much, but if you were cbs and you ever wanted to get into electronic gaming -- >> i think all the media companies should look at that space, particularly with teams and sponsorship. >> if you ever thought they were going to

i think what's really interesting to me is i've known you since 1987 you were trying to bank steve wynner he opened mirage but i don't really understand. explain, actually, why do people choose moelis opposed to goldman sachs or some other large firm you're competing against these other firms, you get the biggest deals in the world why do you represent the president when he goes bankrupt in 1990? why do you represent dubai when they say they can't bring those on the port and bring them back. but they own the debt. how do you do this why do people use you opposed to larger firms >> look, i think -- it's relationships. and the most interesting thing and i think young this as an investor almost better than anyone it doesn't appear on anybody's balance sheet. there's no line item for relationships, trust and yet almost every company i deal with in an every situation, relationships are the single most important asset and it's trust it's confidentiality and it's the belief that you're acting in your client's best interest and that takes years to develop. >> let me ask you a trust and relation

but i read everything about it >> i've never seen -- i've known about it since steve wynn built it but it right out of the desert. they moved earth to make every mound, every bunker. i mean, there was nothing there and it turned into this shangri-la really cool. >> go phil. >> yeah. he looked good >>> president trump coming out and publicly backing one of his original cabinet members eamon javers joins us now with more eamon? >> yeah. good morning, andrew treasury secretary steve mnuchin is the man who is now being backed by the president. this coming after a report in "the wall street journal" over the long thanksgiving weekend that said the president had soured on steven mnuchin as he has so often on other aides and cabinet members during the course of his administration "the wall street journal" suggesting that the president had soured on him because of the stock market's performance suggesting that if mnuchin was so good, the stock market wouldn't be as flat as it is the president responding on twitter. here's what he wrote over the weekend backing mnuchin saying i am extremely hap