but if you are inward looking, you can see a race for the bottom.e asian emerging markets that would lose out. simon: i think there are winners and losers. , higherirst instance treasury yields and a stronger dollar does put a brake someone on the e.m. asset performance. accessible half as -- successful is getting growth and inflation, the world will see that. maybe leverage will be as strong as people expect. the other thing we are concerned about his global trade has slowed and been very lackluster for a long period of time. policies put in place by trump to make the world a more protectionist place, i think that is that for trade and therefore doesn't help. holland, higher global rates are higher u.s. rates. are they good or bad for u.s. equity investors? michael: right now, the markets would welcome them. longer-term, the more they go up more it becomes a headwind rather than a tailwind. right now, the markets would look favorably -- the stock markets would look favorably. tom: we will continue with michael and simon here in a moment. on bloombe

thank you for joining us. people are looking at the moves in gold, that drop after the fed move a bit of a recovery and wondering where we go next. what do you think? >> it's the perfect storm at the moment. the situation is quite similar to the situation last year, expectation of rising interest rates on one side, probably equity markets on the other side and heavy u.s. dollar. this is all weighing on the gold prices. definitely. i would like to also comment on the super mario as well. it makes sense not to look only at gold in terms of u.s. dollar but also in euro terms, super mario is one of the reasons for the weakness of euro. in euro the gold prices are still hovering at around 1,100 euro, which is still a pretty good run over the last years thanks to the actions of the central bank. >> that the play? to invest in non-dollar denominated gold? >> definitely. it makes sense for the european investors, for the japanese investors to stick to the gold coins, probably increase their holdings going forward. i think in dollar term

susan: if you look forward, maybe five years from now you will see that both were very important. they actually work together. the fact that we have a free business, free with ad supported enables an opportunity for users to come and say, i actually want to have these subscription this is so is a upsell. i think they work well together. emily: how do you feel about getting the mom question? ♪ emily: you were google's first employee to go on maternity leave and you join google when you were four months pregnant. tell me about telling them, i am four months pregnant. susan: most all of the other employees were students, who i do not even think they had a girlfriend let alone thinking about having a baby. i was in a completely different world from them. i told them up front that i was pregnant and they -- it took them a minute to register that, but then they actually thought about it and they said, you know what? we are going to build you a day care. i said, you only have 16 employees, you do not have any revenue models. i said, it is ok and i'm glad you are supportive and yes, i'm g

if you look at a chart, maybe. what people aren't looking at is the fact that in 2007, a lot of these financials were trading over two times book. i don't think we're getting there for you. but at 1.7, 1.8 times book, for example goldman sachs, which is currently 1.3, just to it there, 1.8, consider a $300 stock, which is probably another 15, 20% higher than we are right now. can they continue to go higher? i submit they can. >> if the economy improves, can't the book get better too? >> they could have a better loan portfolio. their tax situation could be better. a lot of things could get better. not so much the repatriation, that's not so important for them, it's like a one-time thing. >> america doesn't even have that much exposure. but a stronger book and higher rates, those two things are fantastic. >> the backdrop here, though, we say sometimes in the show, if you like this, would you rather. at this point financials i think will rally to the point where the dollar becomes so strong, there will be help coming.

you look at unemployment, that level. i go across, scott, you have that stat up there about how much they've run. how bad were they hated for so long? so, yes, they've made a rapid move to the upside but that move is based upon the idea that any kind of help in the regulatory side of things which has gotten in jamie dimon's addresses many times, unbelievably heavy, that whole regulation side. if that improves add all that's a bonus on top of earnings we already know are good. >> look, i think we have to acknowledge that the last several days not just the last couple but the last week and a half have not been good in the markets. we've been trying to get to the dow 20,000 but it's being elusive. a lot of people like me have been and tticipating that janua would bring some selling and so they're doing that early. none of this means we'll up end the bull market. the only things that can up end the bull market if earnings don't meet expectations. those are the only things i'm worried about. >> erin brown, the state of the rall

you look at growth, you look at yield, you look at earnings, and those are what you look at.any of the names we're talking about fall into the category of what you like there are other names out there as well and i think that's where the expansion really comes. >>> let's move on to big news. shares of kate spade soaring more than 20% after parts of the company looking to sell itself. that made one options trader particularly happen. mike khouw joins us. hey, mike there. >> may have been more than one options trader who is very happy with the action we saw. and there was quite a lot of it. pete was talking about we haven't seen that much options activity this week. in kate spade we saw more than five times the daily average volume by about midday today. and one of the early trades we saw, around 1222, someone paid 20 cents for 2,000 of the january 17 calls. now very shortly thereafter, the stock really took off and was up nearly 10%. but if you had bought those calls, as this one did, you did much, much better. those went as high as $2, ten times your money, or $360,000 in pro

you look back, and people will look back and say, wow. >> you know i'm coming out with this, right? we all know i'm going to do this. >> you mentioning gm? >> control yourself. >> amazon -- >> no, no, no. >> value investor. >> right now it trades at this price at 300 times enterprise value to ebida, okay? now, i am going to go to gm. pick another company. that's the highest enterprise valued ebida i've ever seen, period, stop. now, we're saying it's going to go 50% higher from there. it's going to be 450 times enterprise value to ebida. yes, look, i get that the company is growing. maybe that ebida will go up ten fold and then 45 times enterprise value to ebida. you can't get away from it. it's the highest measure like that i've ever seen. >> we'll make that the last point. paul, happy new year. >> here's what else is coming up on "the halftime report." >> marissa myers pegged as yahoo's ceo. one analyst gives us his tech predictions. plus, josh brown opens up his playbook for next year. the area of the market he says is universally despised. it's now a buy. from the last trading da

ah, you look wonderful. >> kay: thank you.ay: jill. >> jill: hello, katherine. lovely to see you. >> brock: i've been looking all over for -- jill, what are you doing -- >> jill: brock! >> brock: this is a great surprise. >> jill: yes, it certainly is. oh, brock, this is my husband, mr. john abbott. >> brock: mr. abbott, this is a pleasure. i'm katherine's son, and, uh, i've been a friend of your wife's for a long time. >> john: well, nice to meet you, brock. >> brock: well, uh, i guess we should go to our places, right? >> kay: uh, well, the three of you, uh, run along. i'm waiting for, uh, someone. >> john: nice seeing you both. >> kay: bye-bye, john. >> john: bye. >> lorie: it's quite an event, isn't it? >> julia: quite. >> lorie: victor has certainly outdone himself. >> julia: oh, i don't think it's possible for victor to outdo himself. >> lorie: i don't know. he's marrying nikki. [ laughs ] >> casey: nikki, honey, you haven't touched your brandy. >> nikki: oh. >> casey: why don't you have some, sweetheart? i think it'll h

when you look at u.s. a strictly valuation perspective, what are they telling you about future returns? >> that is actually an int interesting comment about cinnamon, going back to the 1980's, we actually had one of the lowest bullish readings ever in january, february this year. historically, the following 12 months mean you have something like mid teens returns and nobody wanted to buy stocks in february, but ironically, that is what ended up happening off the bottom, but as the market has increased, valuations have got rich, look at the 10 year around 27 right now. not worth it, not as bad as they were in the 90's, but kind of like 1996, so getting expensive, but we are in a strong uptrend, the second longest bull market ever in the dow. if we make it to the spring, it will be the longest ever. the bull market is getting -- it is not the biggest by magnitude -- but it is getting pretty long as far as time. meb: as we get to the end of the year, double-digit returns and the s&p, probably more cautious. w

>> when you look across the entire united states and you look across the south, that's where you see many what we call hotspots. we look for hotspots domestically and we look for hotspots globally. it's areas where there's more transmission. over tho often those are areas where people know their status. no one is intentionally transmitting the virus. when you first get infected, you're healthy, and you stay healthy for a long period of time. when you talk about motivating a 16 or 17-year-old to interact with the health system, that's not one of their top three things to do in their daily life. so really finding a message that resonates with them and personally with them, that motivates them to want to know their status and want to know what it takes to protect them against hiv, that's really key. but those messages have to evolve from talking to a 30-year-old down to talk to a 16-year-old. very different, and very different message. >> what is the president's emergency plan for aids relief, pepfar? >> it is an amazing program that grew out of the durbin conference in 2000, where presi

that's how you have to look at this.ryone knows if you're a fbi guy, you look for your 50 and 618, the biggest overshoot levels you want to focus in on. that's the sell zone when you trade up higher. it's this level right here. 22, 48. all the way up to 22.61. we spent most of the day right here in the middle. do you sell the market or does it have really a lot of torque, the word i like to use. and it does feel like it does have a lot of torque. maybe you bet a little bit of a reversion. i don't think you could see you get a lot of it, but i think you go to those round numbers. everyone talks about dow 20,000. you talk about s&p 2,300. that's the next area. if we blow through that area, 22.6 22.61, the next one is 23.00. >> a couple point away from that level. should we invite him over? >> don't ask tim! >> let him stay up there with his espresso. >> oh! >> ata boy, come own over, my man. >> how long does it have to be above $22.61, because we're two points away. >> everyone knows i talk about the three-day rule. i woul

you look to sell. speaking, does this rising interest rate environment the yield curve slipping romantically imperil or hurt blackstone's business in any way? jonathan: i don't think it hurts us. when you think about what we do, we own companies and real estate. we lend to companies. businesses flows for is positive for most of what we do. we don't own a lot of long-duration lawns that get hurt in this kind of environment. onre is a little more risk things that are more stabilized. that's not a big portion of what we own. higher growth environment should be better for our investors. ultimately, or shareholders as well. erik: one of the places you have been able to monetize is the chinese. you have sold a great deal of property and a big stake in hilton to chinese buyers. as i understand it, you are negotiating to sell the more operate in japan. ?hat happens do the chinese followthrough with a plan to restrict the amount of foreign currency capital that leaves the country, not just for industry but prope

you go in and you -- the company can be doing terrible. look, we'll fire the ceo and it will be wonderful. the board nems are getting $300,000 or $400 a year. >> you just used the word controlled when talking about companies taking money and buying back stock rather than reinvesting it in the business. are you suggesting that you think there needs to be some kind of regulation against companies from buying back too much of their stock instead of investing in the business? >> i'm not saying that, but there would be ways, and i'm not going to go into it where you could incentivize a company to invest in their own businesses rather than buy back stock. i mean, and there are ways to do it, and i'm not going to go into the details. i've thought about this a long time, that if you want to see our country prosper, we must have investment and the only way we're going to have investment -- you can't depend on the government to go in and, again, i am the opposite of socialism, obviously, so you don't want big government coming in and saying here's money,

what are you looking at, angie? angie: we are looking at exactly that. ecb decision on thursday, whether or not they are going to take in what italy's decision is going to mean for stimulus, and the fed doing the counterbalance effect next week. let's do a quick check of the markets right now because this really frilly is extending across the region. mumbai just came online 20 minutes from now -- a sorry, 20 minutes ago. right now it is gaining along with hang seng and the topix index. the broadest of the indexes in japan climbing as the yen maintained monday's losses. east, wen the middle are two hours away from the opening of the emirates markets. that happens at 10:00 a.m. local time. let's get you a run through some of what has happened yesterday. what you are looking at is due by and abu dhabi. that italian referendum gloom still feeding into it. pmi figures give us a good indication as to where the economy stands. financials in dubai driving a lot of those gains, utilities and telcos bucking the trend in saudi stocks. let's check in on the first wo

if you want to look at what happened in 2016, you have to look back to 2015. oil prices and china drove 2015. we had a supply side correction. we had a lot of production primarily driven by opec and saudi not cutting. we saw a situation where oil prices dropped below $30. and we saw china initiate a hard landing. they cut back only corruption and lending. they let their currency devalue and that created an industrial recession spipt went through 2016 into the first part of 2015 which created a lot of angst besides the stuff we talked about before. subsequent to that we started to get what wee think is a global recovery. sow the things that did poorly in 2015 did well in 2016. industrials. term companies, all of those companies down in 2015 did well in 2016. trish: nobody on wall street thought he was going to win. they woke up and said we need to reverse all of this. they went out and bought industrials and sold tech and bought financials. we are living compared to 2016, we are livg in a different world because we are going to see different economic policy? >>

you know, if you look at the week, it's a pretty flat week. onsider today, it's an interesting session. we're down unchanged in twos, down one in fives, down two in tens, down three in 30s. so once again getting a bit of flattening even though tens to twos is about the steepest it's been in a year. and yesterday was a fresh steep. so let's look at the week. a week of tens, yes, we've drifted to the bottom of range, but it's been a tight week. but the month of december has been anything but. 2.35 the low yield so far, 2.60 the high, pretty decent amount of distance. one week of bunds, a big downward drift there, a bit different than the tens. but still tight until you look december 1st where the downdraft is really exaggerated. their low to high for the month of december so far 22 basis points to 40. might not sound like a lot, do it in percentage basis and you might think differently. if you look at the dollar index, there's a one-week, as sara pointed out there is some improvement going on. dollar index stands up three, up three right now. so

you bill murray. oil higher today up nearly 50% this year. a look at which names in the energy sector can keep fuelling your portfolio. >> i got you, babe. >>> and president-elect trump wants a tax holiday to encourage american companies to create jobs from cash that they bring back from overseas. will companies just end up using that money to reward shareholders with stock buybacks? we will hear from both sides of that debate later. we start with the dow's post holiday run. bob pisani standing behind us. >> and it is groundhog day. we went up 25 points. it's pretty narrow right now. remember the leadership still in tact. biggest stock on the dow price weighted index. it's seven to eight points. caterpillar moving up in the middle of the day. that is helping out a little bit. it is three or four points. swing around here let me show you mercke. it started moving up. it is a small move but getting to dow 20,000. ibm is a laggard up two or three points. most of the rest of the dow is completely flat. a few aren't helping at all. wish theywit get off o

you look at valuations, you look at yields, and all those things combined together. look at technology and the financials. still pushing towards 52-week highs. i got out a week or so ago. i got right back in two days later because i could not be out of the financials. john, in terms of coal, do you still with it? is it you said you were in it. are you already out of it? how do you trade something like that? >> we're in it. coal is a sector that went bankrupt. capacity came off. all of a sudden they started re-emerge and they're bankrupt. that happened as bankers aren't lending. supply is kind of limited. then all of a sudden you get a tripling in the price of coal. these stocks went from delevered post-bankruptcy cheap four, five times ebida to now two to three times ebida. i think there's a decent move left. >> the one we're looking at right on the screen here. >> we are in nrp, cotura. all four are arguably 50% to 100% movers. not making any kind of heroic assumptions. >> what do you make of the sectors that have really ripped since election day? whether it's -- the

sir, have you looked in the basement? huh. oh, yeah. no wonder. s. if you're not an expert, peco can help. we have lots of ways to help you save energy and money. peco. the future is on. >>> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ #. >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> all right! yes, that was great, that was great. >> i hope he tells you because you need to know. >> i need to know. >> that was beautiful. your voice is amazing. amazing. >> thank you. >> so we're very excited to see you tonight. >> yes. >> at the sixers game. >> thank you guys so much. i'm so excited. new music, my albumn just come out. come on out, get your tickets, we'll have a great time. >> come back to philly then and stop by. >> ill. thank you so much. we appreciate it. and happy friday shall everybody! happy christmas sweater day. >> don't forget to wear your sweater. >> that's right. next time. >> have a grea

you chop the top off of a tree? no. it's a whole tree. we decorated. >> look at you guys, looks like this is working out. >> we did it, we made a tree. can we say hi to denise who is here? a beautiful family, surrounded by love and light and good friends and family. they're making their trip to new york. we're so happy, you're with us, having fun so far? >> awesome. >> they don't care if it's raining, they will see the rock ets, we love you. thank you for coming to see us and coming to new york. >> also on friday you were at the billboard women of music luncheon. you were supposed meghan trainor. >> meghan trainor has vocal issues and put on bed rest, total bed rest, not even talking. the good news is she's not having any surgery. i introduced her and this is what she -- >> awe. >> this is how she did it. remember "love actually." >> look. >> she's a doll. >> don't you love her? >> love you all. >> sweet. >> she went through and -- >> through the whole holidays i'm sure she has to be quiet, ha? >> yes. she was supposed to sing at jingle ball elvis will show us

where in true capability are you looking at? you have the ospreys and you're talking about facing out the h-1s. you're bringing in 53 kilos of heavy lift. what range are you looking? are you trying to do each one replacement or a year longer? basically what capability are you most needing? >> yes, sir. that's a great question. it's one that gets asked often. i think human nature is to when you replace something -- we try to pigeon hole. it's true. it did replace our h-46s. but to compare the v-22 and its size, what it carry to the h-46 is not apples to apples. i'll defer to colonel freeland. you can fit twice as many as the v. obviously the speed is well-known. a lot of people aren't aware of that. it is is not an exact replacement. it is is medium lift plus. as we look at replacing the yankee and the zulu our initial going in, we thought we would like to be able to carry eight people. eight marines, eight soldiers. that's a threshold. the army looks as more replacement as h-60. it was camp robl to h-46. osprey is larger. more pe

>> well, right now you look like a genius. so far. >> you don't need to put that many to get dow 20,000. >> it's meaningless. i have no idea what that means. >> okay, january 20th, inauguration, dow 20,000, if you're looking for a signpost to sell, maybe it's the inauguration, it just reminds people it's now. >> if you get more gridlock you have to absolutely -- let's let the rubber meet the road and next year see some of the things pass and see things get through congress. >> i think you have to have a buy as. >> you're not going to know until well after the inauguration. >> i think -- >> you could take the signal -- it. >> when you say sell the inauguration and it's interesting to hear that from you coming from morgan stanley because it sounds like you're talking pete, jon and i, trader guys. are you saying you're taking it down 5% or 10%? i try to beat the s&p. i have an inflation, overweight credit cards or industrials, big positions in the portfolio i know -- i know that i have to start figuring out when to fade. the arrog

when you look at trump, what gives you signs?om: this is proof that the difference between half empty and have all is one micron of an atom. not that much has changed. >> that is a pretty big atom. me ofes, but it reminds the malaise that happened after the panic of 1907. the country almost went bankrupt in four years people were gloomy. suddenly four years later, they got really optimistic. deregulation are good catalysts and now i think people are pretty optimistic. i think it is appropriate. >> what you make of the impact potentially of the rise in rates on stocks? multiple expansion has been one of the big parts of this leg of the stock market, but the radically as rates go higher on bonds, it theoretically makes equities less attractive. what do you think about that? tom: i think we all agree, low rates, we have reached the limits and i think it is actually been negative. i rates is that family better for risky markets. the level where higher rates becomes a headwind is unknown. companies earn cash now. they earn interest on

you still look at the valuation. ltd i talked about the airlines because you gave that to me in the blitz, and we were talking about this huge run that they've had and will they start to pull back? i would expect that they would. you still look at the val waugs levels. most are in single digits. take a look at hawaiian air. another 52-week high. those that really have control and price management that they can use and implement, those are the ones that -- >> i talked to you about this one. this one is up another 3.5% today. xpo. anybody including me who has ever sold this thing has had to scramble back in and get it because this thing just keeps going like this, and i love this stock. >> all right. let's talk about starbucks. we're focussing on their shares today as the company outlines its ambitious five-year growth plan at its investor day. this comes less than a week after hourld schultz announced he would step down as ceo. what do we think? they're going to open these 12,000 stores globally by 2021. 5,000 in china

look, there's the little one. the baby one coming out. you't even see it, like, every day i look in the mirror, i don't even see that result, but when you actually look closely it's like... it's an amazing result. oh, i'm so excited. i was continuing using it, and i started noticing that my hair got stronger. i did not lose as much hair as i used to lose when i used to take a shower and wash my hair. i used to take, you know, like, hair in my hands and i would always have, like, a bunch of hair. and i started noticing it started getting less and less. people who are struggling with hair loss, this is the way to go. i'm so excited, i'm definitely going to continue to use the helmet. my kids saying that i look like robocop, but i don't care. i really don't. igrow make me feel much better about my hair. would definitely continue to use it and see what's gonna happen. (male #1) the hairline is better from the front. it's better from the side. and even when combing back, all of the hair looks healthy now. all those wispy, weak hairs that kind of r

then, you have a path to become a citizen behind everybody else. and lookyou -- we are not going to kick 11 million people out. i think it is a rational, reasonable, and responsible thing to do. i understand why people want border control first, and we should do that too. all these things could be done, and they just haven't been done, and it is a shame. megan: when you talk about immigration, and you said we are not going to deport, we are not going to kick 11 million people out, some of the rhetoric has talked about these types of things. is j.p. morgan, are you and other businesses in the roundtable going to be the voice that says we need a much more pragmatic solution, we need a way to keep the people, particularly for the jobs we need, and frame this as an economic argument, as a growth argument, and as a jobs argument? jamie: i went to the president-elect, and i felt that for j.p. morgan chase -- i felt that if you are black, jewish, lgbt, african-american, woman, we will support you in the kind of diversity the way we did before. that will not change

>> well, we'll show you, take a look. every day but usually we don't mean it. >> we have a question for you, why are you watching us? >> that's our famous question. >> how do we do it day after day? >> wow. >> oh, wow. >> i'm nadia. >> and? >> wendell. >> you guys are a couple, right? >> my dad. >> oh! >> most of color our natural hair is. >> yes, i do, it's gray. because i'm so old! >> how you doing? >> i've had a bad day. >> i can fix that. >> oh! >> let's go to the bedroom. >> how many times has hoda said that? >> ha ha. >> wednesday, as you call it, hump day. >> two humps. >> any detergent? >> just these nuts. then if you want to dry 'em, you use these balls. >> whoa. >> chevy, turn it down, but bill -- >> it's not chevy, it's chevy. >> when you guys hit balls, you get testy. >> woo. >> just chocolate? >> just chocolate. >> hoda's face. she's not bad. >> we look better in skittles than real life. >> we're going to do sweet and hot. >> that's the way i like my men, sweet and hot. hoda's in heaven. except for fleet week

. >> look at you, little sex pot. >> look who's talking. i love that dress every time i see it. oops by little mix. you like that, right? >> love those girls. really sweet. >> just a couple days before the biggest night of the year. you got big plans? the parade. >> the rose parade. >> with al. >> yeah, in pasadena. what about you? what do you got planned? >> we always have it right down there in the keys, very laid back. >> perfect. >> hang out with, you know, jimmy buffet, it's fun. if you want to look bold and beautiful, and who doesn't for new year's eve, bobbie's buzzing with beauty tricks. include being the secret to pumping up your pucker. >> what? and louis and jill scoured the crowd for two ladies who looked ready to party. we're going to check them out. >> if you've got friends and family coming over to your house to watch the ball drop, we're going to show you some festive decor idea, plus fun games to keep everyone entertained as you count down to midnight. they'll be watching our special for one thing. >> what else would they be doing? >> our year ender special, it's

when you look at the major u.s. dices. >> so grossly underowned, though. >> i get that. >> you don't need to take you'll of your money -- >> i'm going to give you guys a compliment. karen who sits there, you, you. you guys saying you're long the bank. i don't understand this underowned thing. i know investors and hedge funds that own the banks. now i actually think it's been a -- underperformance trade. you know? i think that's what it's been. i'm not sure they were underowned. it was a beta trade. >> they are underowned still. >> let's stick with this idea here. >> i'll give you two names i think are interesting. one on apc, anadarko petroleum. energy has been on quite a move over the last couple months. and here's a name that bottomed out about a month and a half, two months ago. on a tear ever since. if oil were just a flat line here, as levered as a name like apc is, continues to move to the up side. and am general. if you look at the recent low, the same low we made in october or so last year. so against about $

if you keep looking after your customers, they will continue to look after you. >> when it comes to looking after customers, how concern are you about price sensitivity in the aftermath of brexit, it seems almost inevitable you have to raise prices on bottles. you have already? how much further do you expect to go? >> i think it is inevitable if the pound has a sustained fall against the euro that will have to be reflected in the price of oil and wine. all kinds of exciting liquids. i'm sure that all retailer also have to pass that on. wine is a low margin business. there is no immediate change in prices. who knows what the euro's gain will be when the hedging expires and we need to look at prices. and we are a value proposition. prices are important to people. in many ways that plays into our hand because majestic are value offers to the customer. >> let's talk about naked wines. you had difficulty there with the marketing company in the u.s. what is next for naked wines as you try to expand? do you see the u.s. as a valuable market. >> we see the u.s. as a valuable market. it's seven time

>> you look beautiful. >> you look so beautiful. >> oh, oh! >> all right. all right. debby, are you ready? >> i'm ready. >> i'll get you one. >> okay, spin right around. take a look. >> oh, my god! i love it! you look -- >> i love it! >> this is great. >> i absolutely love it. okay, lewis, tell us about the hair. >> i figure, you deserve a great haircut. a good hair color. >> great everything. >> great outfit and the whole thing. what i did here is of course i softened her hair. she had -- her hair was entirely natural by the way. so we cut off i don't know how then i give her these highlights as well to just brighten it up. notice all the hair is darker at the root, lighter at the ends, but looks beautiful. >> the cut is beautiful. >> do you know the jacket? >> we all own your jacket, the blazer. >> i love the jacket, i love the outfit. >> you told her you wanted her to look cool. the faux leather with the hardware. machine washable. >> will it fit me? >> it will fit you, don't worry. >> and then a pair of black match. those are from tall bolts. >> i absolutely love i

would you look at it that way? >> it depends on how many gains you have.ou made a good point about washing gains and losses. it comes down to the environment where we think we may be in terms of interest rates. bond funds with losses may be bond funds with more losses next year, and you have to think about that as well. >> dom, thanks. >> you got it, guys. >> dan's got a strategy for options. >> let's talk about collaring your stock. when somebody wants to hold on to a position, you may think about buying puts against your stock. but here is an example, you may have some short term very large gains that were unexpected, and you don't want to pay tax on them this year, you think tax rates will be much lower in 2017. you just need to bridge the gap between now and 2017. one way to do that would be a collar. one of the reasons we want to do a collar rather than a put purchase is we want to minimize the amount of protection against those gains. i want to go through a quick little playbook here with a collar. you would do this because you want to be tactical ab

when you look at those two roles, which are separate, what are the issues you think he will need to tackle first and what you hope to advise him on? jamie: anyone who is president, i'm a patriot. i have always offered my help. i did to president obama. i will to president trump. i'm in a group of 15 people that has not met yet, think of ceos and a bunch of other folks, and he wants it to be about jobs and growing the economy. sosso specifically we have that. the business roundtable, america , we have the chamber of congress, who advocates on behalf of business large and small with 25,000 members. this is 192,000 companies, principally representing large companies. taking the s&p 500, half of all capital expenditure is in the united states, and a tremendous amount of growth. they are philanthropic. everybody gets medical benefits. we take care of our veterans, . we do education. we do schools. we want the country to grow. i think the business roundtable can take a proactive approach to be part of the solution. that's why i took on that challenge. but if you're talking very specifically, we

when you look at clorax price target increase and you say to yourself, yeah, okay. t oracle. the cloud part is -- stock is only up $1.30. it should have been down. maybe 2 bucks. then it's an inexpensive stock. not like ibm. they're hiring 20,000 people. air force. >> air force, members of the united states air force coming to the floor of the exchange, celebrating its 70th anniversary and ringing the opening bell. >> fabulous. >> absolutely. macro and permits were a miss after all things we heard about the economy heating up, should we start expecting numbers that are more mean reversion than -- >> i was concerned about the million but each home builder, we'll hear from lanar, but there is a shortage of land, problems with zoning. one of the reasons i like kb homes so much, which is up very big, they have a lot of land to build on. you need 1 million -- when we had 170 million people in this country, i believe we had 1 million housing starts. that's still a depressed number. a lot of that may have to be with millenials still living in their homes because of the inab

your eyesight goes and you look much better fuzzy. >> my hodi. p three. >> words of wisdom. here it s. i want to hold you because you're my person. >> your my person. >> ah! [ applause ] >> you know, every day's just a joy, but -- we forget, because we move on to the next day. >> right. >> i love you, hoda woman with all my heart. >> i love you, too. >> an iran credible partner and friend. >> you are. >> if you thought that was fun, and if you didn't think it was fun, there's something wrong with you. >> more memorable moments you don't want to miss. >> including what happened when some of our favorite celebs dropped by, coming up after this. we're only human. we rely on our courage. the kind of courage that shows up when we need it... and when cancer is least expecting it. courage. just one reason more of us are surviving cancer than dying from it. give now to the american cancer society. let's thinoh.bout what goes in here, renee. and we think ba-blam's gonna kill the stomach flu? i'm scared to use the facilities. i don't blame you. if you want

keeps you in the game a little bit. >> i agree. i look -- until you lose value. i mean, look.e, and soda plays are out of favor, in my opinion. dividends, you know, great to have worthless if the stock is going to underperform. i don't want to be involved. >> but coca-cola and ge -- my grandkids. >> if you look from the perspective that i believe in that business, i think the economy pickup is going to absolutely benefit. the underlying story there, and the dividend on to it, it's a home run. >> let's move on. after hearing how dividends can turn some of the dow's biggest laggard's into winners, let's go off the chart with chris veron, three dow dividend plays. chris. >> nice to be here. i brought two buys and one sell. and i want to talk about what i think is the most important chart of 2016. it's jpmorgan. this is a 30-year picture. the stock has been sideways since march of 2000. the breakout over the last several weeks has been decisive. of all the analysts that cover the stock, fewest number of buy ratings since 2009. we think this is a decisive breakout. the right price

you look skinny. yeah, i got to get my suit altered. you preferring that to the basic blues these days? i don't know. i haven't really thought about it yet. how you doing? look it, you didn't come in here for a bunch of "hi. how are yous?" what's on your mind? you didn't call. five weeks in a hospital bed, and you didn't call. belker came by every day, he could've been a nurse. wanted to talk, you would've called me. sounds like you did a lot of figuring, my friend. well, i had a whole lot of time to. you were lucky, man. you were in a coma for two weeks. well, not me, renko. i never lost consciousness, man, not for a second. lying on that cold tile floor, man, i could feel the blood oozing out of my body, but i just couldn't move. yeah, i don't want to hear about this. i prayed to die. [ whistling ] occupied. occupied. now you listen to me. the first thing i asked when i came out of it was, "is bobby still alive?" and then they told me yes, and then i figured okay, about a month from now, we'll be back in business, but you didn't call m

remember, you look at shale with almost a 70% dividend yield. ividend story. 6% dividend yield across market. there is value support as well. yousef: what are some of the other calls you have for europe off the back of reflation trade and now, higher oil prices? ,ick: we are bullish on autos cyclical demand coming back. if you look at consumers across europe. area, we supportive look at construction. about alternative -- away from energy and the inflation trade? nick: on the contrary inside, i would look at health care. pharmaceuticals performed corley, they have cheap valuation, valued low where defenses are. and cyclicals. they are looking at cheap multiples. that would be a sector left behind by this big moving bond yields. is that moderates, that to be a sector to look out for. yousef: plenty of stuff there. take you, nick nelson. joining us here on bloomberg daybreak. still to come, we will continue to date into the story of political risk. the italian prime minister's plan to reshape the senate could cost him his job. we are live in rome ah

you look at what's going on -- and you can look at a jobs report, but take a look at the real jobs report, which are the millions of people that gave up looking for work, and they're not considered in that number that's less than 5%. we have jobs that are in the pipeline, and i deal with all the executives, the big ones and small ones. i have really gotten to know this country. when you have to wait 10 and 15 years for an approval and then you don't even get the approval, it's no good. so we're going to clean it up. we're going to speed it up. by the way, if somebody is not doing the right thing, we're not going to approve. >> let's talk about the environment because in the last week, you met with al gore and you met with leo dicaprio, famous environmentalist. >> and they were good meetings. >> on the other hand, you appointed oklahoma attorney general scott pruitt to be head of the epa. he's been suing epa. at one point in the campaign, you said it's a hoax. >> i think it's a big scam for a lot of people to make a lot of money. in the meantime, china is eating our lunch because they don'

doing, if you look at what -- i could name country after country. you look at what's happening in mexico where our plants are being built. they don't wait ten years to get an approval to build a plant. they build it like the following day or the following week. we can't let all of these permits that take forever to get stop our jobs. i won because of the fact that people that are great, great american people have been forgotten. i call them the forgotten man and the forgotten woman. they've been forgotten. and you, in all fairness, and all of the folks in your world, you forgot about these people. they're not going to forget about them in four years. they're already trying to figure out what happened. but i understood it because i understand our country. >> let me ask you a couple specific questions. will you still pull out of the paris climate agreement, which has been signed by more than 100 countries to reduce carbon emissions?

when you look at the commodities sector, if you look at the metals, where they have been since the electionun because of you had a balanced portfolio, look what's happened. if you had that balance with the s&p, you are ok, but not everybody has their money in the russell. alix: we have the russell 2000 having a huge run-up. we have a lot of money coming out of bonds and u.s. equities. to those hold in 2017, or how did they reverse? peter: you have heard the phrase you buy the rumor, you sell the fact. when you look at the rest of the commodities space, that concerns me with the oil sector. when i look at the rest of the world and i say to myself where is aggregate demand coming from? you did the segment earlier on tariffs. and if you raise prices at the margin, that is going to hurt aggregate demand. that to me makes me suspect that you will have a sustainable rally. be careful what you ask for. dodd-frank has been terrible. when it passed, jp was it 20 and now it is at 85. there are rumors about what donald trump will do. a lot of buying. rumors about what opec will do. wire -- where is th

you look at the last line item. we will increase the monitoring of our commitments in our liquidity position spews that's the question i'm asking you is if you ask why it's because of the scale on which we've increased our private equity real asset. and other commitments >> how are you doing that? >> to begin, this year we know that right now we have about 5 billion in total outstanding commitments. say those are called over three years. on average. so we can expect about 1.7 probably not about more than 2 billion is called to say that about 150 million a month or about 500 million a quarter. so we are looking at making sure we have liquid investments in how we would call that down in both public equity and liquid fixed income. now we are going to get some distributions that's going to reduce that 500 million per quarter but that's how we are beginning to manage this. in addition to that, once we get a formal risk system up and running that's going to help further out and more systematize the management of our liquid

/russia ties, you have to look to see whether he can become secretary of state. >> eamon, thank you. t the only thing turning heads. take a look at russia's stocks, up 17% since the election while the emerging markets have dropped. crude prices to thank along with possibilities that trump could cozy up to the kremlin. on the other, chinese stocks haven't been so lucky, falling since the election as trump continues to churn on china. the shanghai dropped the most in six months. is it time for investors to buy -- to save chinese stocks? >> russia is 5.4%, and china is over 25%. so you can see what's pulling down what. remember in emerging markets when you're investing, your sx component following more than 50% of your trade. if you think about what's going on right now positioning, a lot of global macro guides and the relationship between oil and the ruble. if you want to be linear, $57 brent is a 55 ruble. and a very strong argument the ruble still could get significantly stronger. there's a discussion whether it's rex tillerson or somebody else that sanctions against russia both here