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tv   Fast Money Halftime Report  CNBC  November 14, 2014 12:00pm-1:01pm EST

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being targeted by activists it often times takes a longer period to see the results but results nonetheless. what happened with microsoft. >> these analysts have a lot of money to put to work. >> we could keep going. >> good week everybody. let's get to wapner and the half. okay carl. thanks much. welcome to the halftime show. let's meet the starting lineup for today. josh brown, mike murphy, jon and pete najarian, and steve grasso from stewart frankel is on the floor of the new york stock exchange for us. we begin with the stunning and continued drop in the price of crude oil and ripple effects from wall street to washington. where this hour, the house will vote on the controversial keystone pipeline.
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that vote coming with oil hitting $73 and change earlier and world that two heavyweights are in merger talks. first to eamon javers with the latest on the vote we do expect this hour. >> we're waiting for this vote in the house of representatives which we should see shortly here. that is going to be the preliminary step of course because in the senate, mary landrieu, the senator from louisiana has a bill. that's expected to be voted on tuesday. they will send the bills to the president. the big question is will the president sign this bill. and of course the politics behind all this, fascinating. it is all about this louisiana senate runoff which is coming up in december. mary landrieu, senator from louisiana. she is a democrat and supports the keystone pipeline unlike a lot of her democratic colleagues. her rival in that runoff coming up in december in louisiana is big cassidbill cassidy.
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he is the house sponsor. all of this is designed to give one or the other of those two candidates the edge in the runoff. each one going home hey i got the keystone pipeline deal. meanwhile it looks like it should pass in the house momentarily, in the senate tuesday and then the question is what will bram bbarack obama do >> he wants the review process, that being the president to go forward before he makes any decision on where he's going to go. >> he could sit on this. he could decide to sign it. the question for democrats is do they think that mary landrieu needs this boost in order to win in louisiana? or do they think her prospects are so grim at this point that they might as well not sacrifice anything for her because she is already a lost cause. so there is some political
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triage going on at capitol hill. the democrats make those calculations next week. the president returns from asia on sunday and we can expect announcements when we comes back. and also immigration and other issues. there is a lot on tap here in washington. >> certainly eamon. and including over the next hour when we do expect this vote to commence in the house, we will take you there and tell you about it when it in fact does begin. in the meantime guy, oil, four year low. $73. pete you got to keystone thing to consider. m and a talks. how do you play it. >> the easy is what we've been talk about. the rails and also the airlines. as crude stays down or continues to go lower that goes right into the bottom line for all these. that is the largest input. but judge there is also another direction you could take. we've already heard from walmart and heard from various companies. i think when you look at walmart, those are going to be some of the beneficiaries as
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well. some on the lower end, when you look at lower end in retail right now. because as the money goes into the pockets of all the customers, the consumers, i think they actually stand to benefit as well. >> josh, a day whenle wi le wiws downgrade t of the. how do view who loses with the drop in crude? >> this would be bullish for them. you can downgrade the stock all you want, the street wants to be in. pay attention to two charts that tell the story how we really feel about oil. wall street is buying xli and xly. those are industrials and the consumer physicals. buying hand over fist. the leadup is transitioning away from utilities and away from healthcare which has been a big winner all year. and they are going into industrials and cyclicals because they know the most
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expensive thing for industrials is high fuel costs and the most expensive thing for most consumers is what they are spending on energy. and if you lower the prices for those that money fiensds its way into the areas of the economy. >> steve, how do you play it? >> well the guys mention a bunch of different things. pete was on it. amazon, if you look at the chart on that. they do an awful lot of shipping. so it is on the same theme he's recommending walmart. if you also look at solar companies. solar companies will always say that the price of oil means nothing to them. if you chart a solar and overlay crude to it, you can tell it does mean something to them. but if you look at service names. this could be the catalyst to a beta chase going into year end. baker and hughs height reaight here you saw that pop. if it goes through, guys are judging whether or not this deal goes through. could take eight months or a
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year. if it goes through, you are talking about a price of $67 plus. so a lot of guys are talking about $70. what is going to run with that. weatherford, cje plus and sbn. service names, great. energy as a whole, not sure. refiepers under pressure here because you see the prices collapsing. but on the service side you could see a run up into year end. >> and just to add on that a little bit. another name i think could get a reel pop is slumber jay. so if this deal goes through and you have halliburton buying out baker hughes. while that's being worked it you have slumber jay going in and being able to take business. yesterday afternoon halliburton was trading and news came out
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looking they were acquire baker hughes. but look at the action. from 51 up to 57 dollars a share. i think that is very telling for the next eight weeks of the year, the last part of this year. if you are looking for real beta. looking to outperform the market. i think people are waiting to pounce on over sold energy names. there are more moves like this to come. >> a combined baker hughes and halliburton still smaller than slummer jay. >> and i think for the business they would have out there they are definitely going to lose some business to slumber jay. so with the different synergies they would get, short-term they lose business to the benefit of slumber jay. >> another with us onset. dan dickers here. >> well the endless bid has changed.
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we've taken a way a lot of passive investment into the oil market. over the course of so many years we came out of the morgan stanl stanley, goldman sachs. everybody has disappeared from the oil business. and a lot of passive investment has come to play. and everybody is running. part was the investment banks and supplied the endless bid. and now a lot is gone. >> one victim is already exxon. they have lost the number two spot in market cap globally to microsoft because of this in part. >> and there will be a lot more. the lower in cap you go for these names and more specialized they are into the shale plays or off shore, the more they are going to get hit. names you have seen getting pummeled and those are well known. goodrich for example, sand ridge. emerald oil.
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hundreds of the specialized shale players. >> doc has some in play. wondering about more consolidation, what do you think is going to happen. >> we have a bake are irhughes, i have it in the playbook. >> congratulations by the way. >> thank you, sir. and other stocks, doesn't mean there is just going to be a knee jerk. i don't think everybody thinks around the desk that every one of these has to move based on potential consolidation here. but look at the activists. take a look at ana darco. writing rig with carl icahn in there. >> done terribly. >> exactly. and that is all the more reason why these agitators could maybe make something happen as far as deals amongst those names and others, judge. so i'd say focus in on those names from here. >> you know, dan, bullard was out today.
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st. louis fed president saying yes it is a big tail wind for economy. oil is coming down and gas price are a great thing. what is the negative though? what is the dark side people don't want to face? >> i will push back very big on the idea that the lower energy prices are ultimately better than higher energy prices. $5 million jobs over the past six years. a mill two of those were in the energy sector. so there is a jobs problem and clearly a corporate problem in profits. there is a shareholder problem. there is a problem in the bontd markets. 17% of high yield bonds are committed to very badly capitalized oil companies. going to be have a major, major problem. >> that is han investor problem. 40% of americans live check to check. the cost of energy is about 20% of what goes out the door for these people. there is no possible way we can say societily, financially in any way -- >> i'm not an economist. i will question the idea that
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this is ultimate lay the 100% good for america -- >> it helps -- >> -- i agree absolutely. >> i helps the people gasping for airs that don't have stock portfolios. for five years no benefit from the recovery. this is the first good thing to happen for about half of the country. >> unless dan. >> sure. -- >> last work, make it quick. >> you say so it nice. unless talking about supply and demand issue. the it is a true demand problem, then dan is right. but if it's not then josh would be correct longer term. a wind to the back of the consumer. >> thanks steven. have a great weekend. >> you too. >> is that nice enough for you. >> make it quick wapner. >> thanks as always. coming up whale watching the biggest fund managers revealing their most recent mousse. and then how is online poker changing the face of a
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professional game. a new world champion who's 27 years old joins us live. and christmas weeks away but some retailers already on the naughty list. lots of downgrades and we're trait trading all of them. take a closer look at your fidelity green line and you'll see just how much it has to offer, especially if you're thinking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals -- and what you're really investing for. tap into the full power of your fidelity green line. call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira. [annit's working forny. new york state. already 41 companies are investing almost $80 million dollars, and creating 1750 jobs.
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what big money moves have the big money folks been making? b already there have been some stocks getting a pop off some of the big money disclosures. take a look at mcdonald's. janet partners initiated a stake of 200,000 shares and options. and also taking a stake in alibaba. --. jana capital had a notable cut in its portfolio. completely dissolving its stake in cbs. peltz's trian fund revealing -- pepsi. also increased stakes in dupont. and bank of new york melon by 9.8 million shares.
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new york melon could be a theme for activists in the third quarter. and 17.7 million share stake in the company make iing --'s top holding. >> don thompson -- we posed this yesterday. is don thompson one of the ceos on the hot seat? he didn't feel like he was yesterday. i wonder how he feels today knowing that jana and berry rosen stein are now in the stock. >> jana is not particularly extrep rows when they get involved with companies they tend to work more quietly behind the scenes. i don't know if this puts him more on the hot seat but i'm sure this is a conversation that will end up happening at some point. >> the traders blitz. first up is hertz. mr. murphy, who owns the stock. the stock is down 11%. what say you. >> getting hit hard.
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i'd say i wish i didn't own it but i still think the story in tact. this isn't new news. >> it's ugly. >> we knee knew it was coming. the main problem is we're not going to get the restated numbers until middle of 2015. i'm staying with it right now i but they need to do something quickly. >> pandora jumping on news, the ceo bought 25,000 shares earlier this week. >> here is another. and i like the stock but curb your enthusiasm. first insider buy since 2011 and it took place as the 52 week low. >> some firms said they reiterated their underperform. underperform? stock is up 20% year to date. that is not underforming. they are doing almost everything
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right. the only thing is the guidance was a little soft but guidance on revenue very strong. >> virgin america? >> and they priced it at the upper edge. they put it at 23 and now the stock is trading 30 dollars. i don't think you have to chase this name but obviously with fuel costs a lot of folks want to be involved. and this is a fresh start for the company. i think once again smart move. i think there are other names you would rather be in in the airline business. >> did you put in are allocation. >> we didn't get it. >> coming up last month he called it dick costolo's make or break moment. how did the ceo do at the company's first analyst day? and the street is handling out coal today. walmart, nike.
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and big news in the world of gambling. nba commissioner now calling on congress to legalize sports betting. plus talking to the new world series of poker main event champ. he is going to show off his brand new bracelet and talk about how he honed his skills online before taking it to vegas. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running.
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welcome back. the 45th annual world series of poker main event wrapped up this week in vegas. with that winner taking home a $10 million grand prize. >> and king will finish it. martin jacobson has his breakthrough round. he has climbed the mountain and is poker's 2014 world champion. >> unbelievable. that was 27-year-old swedish, professional and new world series of poker main event champ martin jacobson. congratulations. >> thank you. >> how long have you been playing poker. >> i've been playing poker for
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ten years. professionally for seven years. >> you play online, is that where you practice? are you playing weekend games with your buddies? and other people? how does this come about? >> yeah i started playing with buddies and then made the transition to online poker, which is where i got my -- most of my experience. and then i tested out my skills in the live games as well. and now i play a mix of both, actually. >> are you wearing your bracelet right now for this title or no. >> i'm not no. i left it behind. >> where is it? >> sorry i can't tell you. >> undisclosed location. >> smart. >> take me through that moment where you're holding the two cards. you know you have two tens and then you win on the flop. can you explain exactly what that means? what was going through your mind? >> oh a lot of things. i never expected it to happen so
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easy. it was -- yeah. when i saw the ten in the window, it was just, yeah amazing. >> so you are holding -- just for people who don't know. and i'm no poker expert. you are holding two tense. you ha tens. three of the them are turned over. called the flocp. and immediately you know you win right then and there. >> yeah. my opponent had about a half a percent chance to come back after that. >> wow. what are you going to do with the ten million? >> to be honest i haven't really had time to think about that yet. >> look into gopro. >> gopro? >> yeah. tot totally. >> do you buy any stocks. >> i -- not so far no. >> well congratulations on the
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big take. >> thank you. >> we wish you well. we'll maybe talk to you down the road sometime. >> martin jacobson, the world series of poker winner. up next just six weeks left in the playbook playoffs the top of the leader board is getting crowded. josh is making some bold trades to make a move. and wondering if the najarian brothers even remember they are allowed to make trades because they haven't made any and they are sitting kind of pretty. (trader vo) i search.
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from athletic stocks to the big box. a slurry of stocks down today. here is the former ceo of toys r us and the vice chairman of target. you have seen it all. let's talk about the downgrades
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first. nike and lulu lemon down. ross cut. abercrombie at credit suites. what's going on? >> there are always winners and losers in any holiday season. but we looked through the recent third quarter earnings reports and it is only the third quarter. in the fundamental theme is traffic is down at all stores across the board. and revenue growth is very hard to come by outside of the internet. >> so you are in the c suite. oil prices are plunging. gas is coming down. everybody says hey this is great news. do you think the same? >> i think oil prices coming down are fantastic for the consumer. but it is only one factor. there are a number of factors going the other way. food prices are rising. most particularly things like meat. you have to eat before anything else. that comes number one. prices are rising from things like your cell phone bill. cell phones have risen to the
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level of car payments used to be. just an additional expense. healthcare costs rising. there are a lot of factors going the other way. everyone loves unemployment is down and looks better than last year, actual employment is not up nearly as much. wages are stagnant. it can cut either way. this is not, not back to the roaring times. >> guys? >> just a quick question about the plan that walmart is rolling out now with this five day basically that they are going to have a week's long black friday. rather than just starting on, for instance midnight of thanksgiving or something like that. that they are trying to actually stretch that out over time. do you think that works? >> walmart is doing a lot better than the year before. be but that's pr poppycock. i got to tell you. page per ad. same number of pages and same categories. starting the same hour. additional specials later on at
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the same hour. starting earlier next morning but other than that is a clone of last year. everybody has sales this time of year. i don't see anything really different in what they were doing except they were brilliant getting a lot of great conch for it. >> let's kick around the calls. walmart cut to sell at vmo. walmart has surprisingly good things to stay on the call. >> and they were able to overcome a lot of negative news. so right now wouldn't be the time i'd downgrade it. if it's valuation call cut to a hold i would agree. but to sell up here when they have been performing, i wouldn't do that. >> i thought that walmart quarter was the world series of the qe kind of buyback, do this, reshuffle that. it was ant the ton of great news but they do a great job in earnings management. >>ky agree with you.
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we're so used to them being down. but if you underneath that you see a lot was driven by the internet and a lot driven by food. they mentioned great results with t the neighborhood market. so they are doing some great things on the internet and really coming back strong there. but when you look overall you can't say the consumer is back, okay let's celebrate. >> what is the most exciting story into the holidays. >> there are some good companies out there. the high end continues to do well. kors, you know. you have to think wow. what's going to be next? then you look at anyone really good at the omni channel paradigm. in order centromere nordstroms. they are hitting out out of the park with the rack. and sales in stores were flat. so just like everyone else they
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can't generate in the regular mainline department stores but doing well in the other channels. cost costcos. if you don't put that on the list. they are going to do well year of year and yoquarter of quarte >> macy's. >> they were negative comp sales in the third quarter. we'll see. what they have done well is the omni channel parallel that i mention. and the surviving retailers have done that. nordstroms. costco. walmart is coming on strong on the internet but they have a big basic problem with the super centers. >> how about tjx? i don't agree with this whatsoever. >> downgraded to sell. >> yeah. does that make any sense at all the? >> tj max, ross. >> raised his target by the way. before he down grated it before. >> -- t.j. max is worth more
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than target. they are phenomenal in what they do. so whether, you know, if you are not a day trader trying to figure out what is going to happen next week, for the long-term i love t.j. max and the ross. and they are doing the right things. >> do you want to take the jacket off and sit on the other side of the desk one of these times? >> any time. >> hasbro, dream works. you know these players. is this smart. >> brilliant in theory. these are two of the most creative people in all of business today. bring them together, they could do fantastically. hasbro tried once before with a hub and it didn't work. i'll write that you have to execution issues. when you are a the toy manufacturer, you are paying a fortune bidding against each other. and you are bidding up the price
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os of these licenses which you need in order to sell the toys. if you integrate that then you don't have that money going outside the system. so in theory it could work very, very well. in practice they have to keep churning out hits at dream works and hasbro has to do a great job making toys people want to buy. >> thank you. coming up did costolo do it right with investors? >> and sears is pulling out all the stops, in canada at least. >> well the sears move mike murphy didn't see coming. more half coming up next.
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coming up, money drugs and gambling. it is the big three. and it's been one of the biggest
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debates among investors in 2014. actively managed versus passive. the active guys trailing as they have for several years. now why the tables may turn in 20 2015. plus should pot be legalized across the u.s.? live in vegas at the biggest gathering of the pot-prenene pot-preneneurinpot-preneneurs. and the commissioner says it is time to legalize prosports gambling. is he right? >> can't wait for a this ty. huge news to have a commissioner of the major sports league jump in that fray and on board. >> it's amazing. >> no doubt. let's quickly talk about nike and lulu lemon. both downgraded. >> and nike makes a little sense because talking about the downgrade isn't to a sell but a hold. that makes some sense because looking at valuations.
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i don't necessarily agree. the reason i don't is when you look at the growth they have been habl to maintain and the sustain and now we see it potentially getting bigger in china. that was up 20%. that is the area why i think they are going to attack and that's where i think there is that much more and the margins over there the fantastic. >> from one najarian to another. that means it's time for unusual activity. and when something unusual does happen, one of those guys tries to find it and make money on it. jon -- it is not even in the teleprompter anymore. jon is the co-founder of the option monster. >> it's emc unusual activity. stock is down 27 bucks a share, run up basically to 30 bucks in a month. and then look at what they are buying. betting on upside from there. december 31 calls.
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look at these calls. and basically you have seen them move up from this area, 20 cents a share -- an option up here to 40. i think they go a lot higher. they have traded nearly three times the open interest, which means these are opening trades. these aren't just somebody coming in and selling out a position they already owned. we ran along with them. i bought them. probably hold two to three weeks because this is december expiration. >> i got a lot of junk. >> what do you have? >> mc, do you own it. >> not this moment. i have in the past. and i do like the option activity jon was talking about. and the as cloud play. and when you look at the big scheme there is a lot of reason to like it. still it's been stagnant a long time. >> not so fast. mike murphy, our traders are quick but not always right. in october, that was just last month murph you made a bearish
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call on sears. let's listen. >> i know i'm not going to get any of you to tell me now is a good time to buy sears, right? >> absolutely not. and it should be lumped together with jc penney. they belong together. the market has passed by. >> so the stock is up, a lot. what do you do here? >> i think you you get fast fired with me. you and i were on the same page with this one. sears news in all seriousness, you know they decided to turn it into a lease back the stores. so it was great financial engineering by lampert. i still don't see much for the business side. but if you are long the stock you had a great trade. take the profit. >> in mike's defense. two things. first it doesn't mean it is a good buy just because the outcome turned out a certain way.
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still a bad estimate. and the second thing is mike's sl shredded. he's been working in the gym like an animal this fall. every once in a while it slips buy you. >> what are you saying. >> well listen. he's in the gym and you are sending pictures from berlin in front of the dunkin' donuts. >> i didn't get run over by that train. >> we're going to get an update from the nation's capital on that keystone pipeline vote. hasn't begun yet. supposed to within this hour. we'll take you there though. and three traders within striking distance of the joe terranova in the playoffs. the clock is ticking and someone is getting aggressive today. then dick costolo's moment of truth. did he deliver? we'll ask a top analyst if his performance was up to snuff when
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we come back. already 41 companies are investing almost $80 million dollars, and creating 1750 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes, no corporate taxes, and no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that is is right for your business. see if startup-ny can work for you. go to startup.ny.gov.
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the vote has begun in the nation's capital on the keystone pipeline. that vote expected to last maybe 5 minutes or so. the ninth time incidentally that the house has actually taken up this vote. certainly the prospects this time around seem a little more certainem although then it goes
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to the senate and then the real question whether barack obama will sign it. he's already made implications he would like to wait for the review process to finish before he gives his support or not to that project. but guys as we wait for this vote to come. and you can see at this moment, it is obviously largely split on party lines. the republicans with 198 yeas. democrats 23. and the nays are all coming from the democratic side. if it passes in the house then passes in the senate. let's for argument sake say the president changes his mind and signs it. >> it is not going to happen. he doesn't need to. and this is only the thing they have brought back to vote more times than trying to repeal obamacare. so this is not something imminent and god forbid you point is right and they actually do this. it ten years before it will change anything on the ground for related companies. i don't think it is a huge
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market mover. >> no investment implications whatsoever. >> there will be a knee jerk trade and people sell the rails. >> -- you should buy. >> i'm just saying. that will be the knee jerk and then oh wait a minute. it is a pipeline. we're not talking about throwing up a store. this is something that takes a decade. >> eamon javers is now with us live in d.c. do you want to take it? >> we're well passed had number they need to pass at this point. the question is going to be what is the president going to do? and how does it play in the louisiana senate runoff we were talking about earlier in the hour. the president faces a big decision. the senate is likely to pass it and the question is will he sign it? will he hold off? there is an environmental core of his base that really hates the keystone pipeline. the temptation will be to sign this and look at the bipartisan success story here early in this new rubble cepublican dominated
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congress. a tricky choice next week. >> do you want to read anything into as you look at the vote that you have 30 democrats voting in favor? >> i think that's been as expected. there are always democrats supporting this. and there will be districts that benefit pretty. and jobs in terms of permanent jobs and monitoring and managing and construction jobs. and people who are sympathetic that this is a necessity. so that's not necessarily surprise. i don't see any republican nay votes. so that is strictly democratic. and the question is can they flip other democrats in the senate who have voted against this in the past. that is going to be the trick. they are going to have to find somebody to switch his or her vote and have to go after some of the retiring member, some of the more senior members who are out and some who have been
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defeated. and when it's a lame duck that's right. you can get some people to switch. you do to that senator and say we have to have you on this. >> the keystone pipeline bill has passed in the house of representatives. well let's switch about twitter it has been a big week there, as well. shares on a roller coaster ride. bob peck was watching closely. >> what i think the big thing investors will look for is the long-term view. i think it is a big, big catalyst for them coming up. >> welcome back. we said we were going to have you after the analyst day. did you deliver or not? >> we looked at ten different components that pointed out, went through them step by step and graded them on each one. when you sum them all up you have to have an a minus or so.
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i like the fact that they exposed. i like that they gave more granularity around nee products. nigh preview i talked about $10 billion in revenue. gave you granularity around that. >> do you leave that analyst day with any questions as to whether dick costolo is the right man to lead that company? >> i think it was a positive step for him to oversee that day and have such granularity given. i think going into the analyst day it was unclear for investors if there was a strategy. if there was a strategy how would you execute it? we got exposure to that and was able to see what they are planning to do over the coming months. >> are you satisfied with him as a ceo? >> i am. we gave the management portion
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of our review about an a minus. i thought the day was a good a minus. >> stocks moving higher as we are talking some on the streets wanted to hear from you. you're reiterating your buy target today on this program. >> i think the cfo did a good job clearing expectations. i think when you look at the numbers there is anomaly going on particularly around contracts for auto feeds. >> great having you on. thanks for coming back. >> thanks again for having me. >> anybody disagree? >> this is the type of stock that they run into the end of the year. it's big and liquid. it can be borrowed. it is the perfect name because it is not a huge part of any index. the more gains you have from it the more alpha you are generating. i wouldn't be surprised if they do that this year. >> you want to take the other side? >> i have already made my point. >> just people don't know your
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point was before you did not like and you questioned the management. you said they did deliver. i asked you that question. >> he did deliver and has made his own coffin that they can carry him out in. when he offers such bullish guidance we were expecting about 10 billion and instead got 11.5 billion. that's a guidance number. that's out. he built it nail by nail. he built this thing together. >> let's go back to our competition now for trader of the year. josh brown making moves today. there is the leaderboard down 5%. you are in sixth place. >> i really got nailed over the summer. i kind of sat back and i said i will wait for some fact pitches. and then i kind of forgotten about it. now i want to do things year round that i think will be profitable. first thing i'm doing is trading
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j.c. penney. i think the sellers are done. if i'm wrong i think i have very limited risk. the stock has bounced from this level multiple times. if there is a substantial break below i will take my loss pretty quickly. i don't think that is the case. still have a short position here. all the bad news is probably out. the other thing i'm doing is mobileeye. this is a stock that got a lot of attention after it came public. had a big rally and then had the shareholder lockup. there hasn't been much talk. they are going to report earnings on november 20. i think they will talk about some of the new contracts that have been rumored. they are working with almost every major automobile player in the world or potentially will be working with them. i think people will get excited about this name again. >> you are bailing out of fcx? >> it was an ill advised trade. i didn't manage my risk and kind of let this thing get caught up in the vortex of commodity names
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and i shouldn't have. a look back on the week that was and final trades from the guys. hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. you just have to win 70% of your points at net. and keep unforced errors under 10%. on the ibm cloud, the us open analyzes 41 million data points from 8 years of competition to uncover key insights. data can help show you how to win, no matter what business you're in. today there's a new way to work. and it's made with ibm.
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another fun week. you already know you get the best information here but we are happy to provide some of the best laughs, too. dominic chu is at new york stock exchange or maybe he is here. i just saw him. stock going up 78%. >> you do that to us all the time. you are trying to turn the tables. now i am eagerly awaiting dr. jay's dancing on "halftime." >> at least somebody is. ♪ >> now it's pete's turn. >> gene murray dance schools.
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>> arthur murray. >> gene wilder. >> low light for sure. i don't know why it was on the highlight. >> that is a low light. >> there it is. >> a little bit of the bird. let's talk about sort of the week that was for a moment and final trades. this oil move at some point it was concerning enough. joe terranova thinks the russell will slide. no one else concerned -- if you were in the russell. >> we hear about the russell being an indicator for the market and then we see the market go higher and then forget about the russell. >> still up 2% year to date. >> let's go around the horn and do some final trades. >> i mentioned j.c. penney. i would use a stop below 7
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pretty tight and see what happens with this bounce off that level. >> going to go back to ford. i think ford has a lot of things going in their favor. >> rfmd. >> why? >> unusual activity. >> have a great weekend. we will see you on the other side. "power lunch" starts now. "halftime" is over. "power lunch" and the second half of the trading day start right now. >> thank you very much. welcome to "power lunch." sports gambling in the usa is getting a very unlikely backer. who the funk? the commissioner of the national basketball association says just do it. how close are we from being able to bet legally from coast to coast on sports games? a soccer scandal, a major embarrassment for fifa. it is said

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