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Feb 16, 2012
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they are not giving guidance for europe or announcing any changes for europe right now. that's on the radar. pricing is the problem. we'll go inside and talk with dan ammann first on cnbc about these numbers as well as where general motors goes from here. again miss for the fourth quarter. 39 cents a share was the profit. the street was expecting 41 cents. guys we'll talk with you and dan ammann in a if you minutes. >> supply fears influences the automakers going forward. crude oil supplies and a worry where gasoline price goss. traders are keeping their eyes fixed on europe. steven short, editor of the short report on currency, and michael wolf senior director of analysis strategy for mellon. short, we got oil now continues to rise. why shouldn't it rise if this economy in this country is for real and if europe, while you know de facto recession is not as bad as some people thought we should see oil rise. >> we should to the extent we could miss supply with regard to iran. here in the united states the biggest concern now is the loss of refinery capacity here on the eas
they are not giving guidance for europe or announcing any changes for europe right now. that's on the radar. pricing is the problem. we'll go inside and talk with dan ammann first on cnbc about these numbers as well as where general motors goes from here. again miss for the fourth quarter. 39 cents a share was the profit. the street was expecting 41 cents. guys we'll talk with you and dan ammann in a if you minutes. >> supply fears influences the automakers going forward. crude oil...
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Feb 6, 2012
02/12
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freezing temperatures grip europe. the death toll up over the weekend with a state of emergency being declared in bosnia. 220 people have died as a result of the are weather with forecasters predicting another week of arctic conditions. transport networks have been badly hit. london's heathrow, europe's busiest airport, is aiming to operate a normal service after a number of flights were canceled on sunday. after last year heathrow hit very badly by the snow shutdown and so they decided, i think they spent quite a lot of money on new snowplows but the best way is to cancel flights ahead of it. don't deal with the snow. just stop people coming to the airport which is not really what we want. we want them to know that it snows and planes can still land and take off. that would be my idea with telg with snow. >> yeah, open for business. we need to keep that concept going. you know what, maybe better safe than sorry. safety is clearly the issue when you have that sudden kind of snowstorm. the shanghai composite flat today.
freezing temperatures grip europe. the death toll up over the weekend with a state of emergency being declared in bosnia. 220 people have died as a result of the are weather with forecasters predicting another week of arctic conditions. transport networks have been badly hit. london's heathrow, europe's busiest airport, is aiming to operate a normal service after a number of flights were canceled on sunday. after last year heathrow hit very badly by the snow shutdown and so they decided, i...
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Feb 8, 2012
02/12
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europe versus central versus southern europe. southern europe is as tough as you hear. in terms of government spending, i think it will go in waves. the federal government still the toughest times yet to come. we started seeing this four and five quarters ago, and people thought it would be unique to cisco. but many of the things we see, because our orders are all within 120 days, we probably ship 80% of our business, we see the cycles perhaps a little bit earlier than some of our counterparts do. to me, it's all about share of wallet. we did well in service provider. we'll talk more about that later. and solid in enterprise and commercial. >> since you mentioned share of wallet, maybe we can talk more about that data center, had been strong for you, up 116% last quarter in terms of revenue. how are you doing versus the hps and junipers out there where you were showing strength recently? >> well, jon, if you watch what has happened a year ago, and in fairness, a number of people challenged how we do versus those two competitors a
europe versus central versus southern europe. southern europe is as tough as you hear. in terms of government spending, i think it will go in waves. the federal government still the toughest times yet to come. we started seeing this four and five quarters ago, and people thought it would be unique to cisco. but many of the things we see, because our orders are all within 120 days, we probably ship 80% of our business, we see the cycles perhaps a little bit earlier than some of our counterparts...
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Feb 9, 2012
02/12
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slow growth in europe. this is christine. what sort of growth are we looking at? a deep protracted down turn or is this going to be something that will last for a couple of years? i mean, what's your outlook? >> i think we are going to see a sharp contraction that probably started in the fourth quarter, christine, and then we'll stay very, very slow for a long period of time and the question i have, you know, as we look at the global economy, what does that mean for the global economy if you have europe with a sharp contraction and then sustaining very, very slow or negative dwroet for a long period of time. the united states while improving will mott have very high, robust growth. we're going to be happy to see two to two and a half percent growth in the united states if we can get that. the mean for china? does the chinese economic model really work if you have japan flat, europe negative to flat, and the united states still at relatively low growth and we're going to have to see whether china can sustain
slow growth in europe. this is christine. what sort of growth are we looking at? a deep protracted down turn or is this going to be something that will last for a couple of years? i mean, what's your outlook? >> i think we are going to see a sharp contraction that probably started in the fourth quarter, christine, and then we'll stay very, very slow for a long period of time and the question i have, you know, as we look at the global economy, what does that mean for the global economy if...
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Feb 2, 2012
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>> we have 25% of our business in europe and 500 billion in europe so it's not surprising that other parts of the world are going to take more of an importance. we are already deemerging market company with most of our business there. i'm glad, though, despite that we are showing slight growth in europe in a market that is stable or down and so that's a good performance from our european organization but the role of europe increasingly, as you can see here, is to continue to finance the emerging markets. >> that was paul polman of unilever. a quick check on the price down 3.5% compared to outperformance of over 15% versus the ftse and competitors like procter & gamble. ross, back to you. >> yeah, maker of dove soap and a whole lot more. julia, thanks for that. >>> hank, i should bring you in here. there's a lot of companies here in europe that haven't quite done what investors were hoping, even the likes of unilever, a company that is betting on growth out of emerging markets. investors are saying they had a good run but the trend may not be quite as good as we thought. >> well, look
>> we have 25% of our business in europe and 500 billion in europe so it's not surprising that other parts of the world are going to take more of an importance. we are already deemerging market company with most of our business there. i'm glad, though, despite that we are showing slight growth in europe in a market that is stable or down and so that's a good performance from our european organization but the role of europe increasingly, as you can see here, is to continue to finance the...
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Feb 15, 2012
02/12
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a mixed picture for europe. germany sees its gdp contract in the fourth quarter while france eeks out moderate growth. >>> tokyo stock sold to a six-month high after the end slides annals a combination of good news. the surprise and they vow to help europe. >>> the french bank says it has reached its capital target six monthsarily and beat its profit forecasts. >> in the u.s., investors wait to see if there will be hints about additional want tay tish easing when they release their minutes from the latest wednesday meeting. >>> welcome to the program. we start off with more gdp out of the eurozone. it's officially in recession. the contraction in the fourth quarter minus.77, worse than expected. it was down minus 0.3 in the previous quarter, down 0.5% on the year is the number. so that won't necessarily cheer anybody up. they've just come off to slightly better than expected numbers out of germany and france. that has continued. france actually didn't cop tract any. up 0.2% on the month versus forecasts of a con
a mixed picture for europe. germany sees its gdp contract in the fourth quarter while france eeks out moderate growth. >>> tokyo stock sold to a six-month high after the end slides annals a combination of good news. the surprise and they vow to help europe. >>> the french bank says it has reached its capital target six monthsarily and beat its profit forecasts. >> in the u.s., investors wait to see if there will be hints about additional want tay tish easing when they...
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Feb 6, 2012
02/12
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europe is the biggest trading partner, right? >> europe is the largest trading partner, maria. of course i worry. you can't not worry. on the other hand, greek debt has been selling at 25, 30 cents less below the dollar for -- relative -- on the dollar for a very long time now. i think markets have recognized that if you put money into greece it's not all coming back. that recognition has been there for a long time. >> larry, good to have you on the program. we appreciate your time today. >> good to be with you, maria. >> larry summers from harvard. up next, going for growth. michael dell says to the next billion computer users around the globe, you're getting a dell. my conversation about the new opportunities for personal computers with the company's founder. later from the audacity of hope to life in a bubble. the author of "the obamas" joins me to discuss marriage and management inside the white house. look how the stock market ended the week. [ male announcer ] to the 5:00 a.m. scholar. the two trains and a bus rider. the "i'll sleep when it's done" academic. for 80 years,
europe is the biggest trading partner, right? >> europe is the largest trading partner, maria. of course i worry. you can't not worry. on the other hand, greek debt has been selling at 25, 30 cents less below the dollar for -- relative -- on the dollar for a very long time now. i think markets have recognized that if you put money into greece it's not all coming back. that recognition has been there for a long time. >> larry, good to have you on the program. we appreciate your time...
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Feb 16, 2012
02/12
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if you look at europe, it's not solved. we don't see that as -- we hear from investors things like, all the tail rigs have been removed of the we don't agree. most people are forecasting a recession in europe this year. i don't believe u.s. companies with exposure to europe have guided down enough yet. you'll see that in april and july. >> for many people, it's a positive, because there are those who were fearing armageddon, disorderly default of the greek debt and maybe a domino effect. >> i think it's better than it was last fall, when the base case could have been many countries exiting the euro. i don't think that you should be euphoric about economic growth in europe. i think there's more tail risk in europe. it's been volatile in terms of what's happening. i don't think the u.s. economy is going to remain as strong as it was in q-4. the third thing is, on china, i see the risk/reward is more balanced than bullish right now. there's three stools to the thesis that i'm paying for a more benign scenario. >> i will get ad
if you look at europe, it's not solved. we don't see that as -- we hear from investors things like, all the tail rigs have been removed of the we don't agree. most people are forecasting a recession in europe this year. i don't believe u.s. companies with exposure to europe have guided down enough yet. you'll see that in april and july. >> for many people, it's a positive, because there are those who were fearing armageddon, disorderly default of the greek debt and maybe a domino effect....
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Feb 2, 2012
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europe could be a bad situation in the future. not really tipping his hand either way. >> all right. we'll hear more after this bred. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> let's get back to capitol hill and ben bernanke. >> private incevestors have the best access to capital in a long time p. low interest rates. bond markets are open. i think the people who have trouble are small businesses and others who complai s whs who ca credit to the extent we would like. >> you mentioned canada, they had less of a recession than we did. why do you think that is? >> the main reason is that they have a small number of
europe could be a bad situation in the future. not really tipping his hand either way. >> all right. we'll hear more after this bred. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative...
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Feb 24, 2012
02/12
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you know, europe to call. an expression is toilet paper. january, the beginning of january, when greece went from 1.36 to 1.34. this simply tells us that the markets don't believe their stories. the european central bank does not, n-o-t, does not support in the forex markets. the bank of japan may but the ecb doesn't. it may buy euro denominated assets. that supports interest rates not the exchange rate. so my completely stupid answer to a very, very wise question is, it's the markets, stupid. >> andrew, thanks for that. andrew sticks around for a bit longer. andrew freris will be with us for some time to come. thank you to silvia. she'll be back in the show to bring us more comments from that ecb member as well. christine? >>> meantime, asian markets mostly higher but trade cautious. we had good data from the u.s. but, you know what, we had high oil prices and that's tempering some of the gains we see here in asia. the shanghai composite is up. sixth weekly gain. apparently the property developers are leading the way higher on talk, on spe
you know, europe to call. an expression is toilet paper. january, the beginning of january, when greece went from 1.36 to 1.34. this simply tells us that the markets don't believe their stories. the european central bank does not, n-o-t, does not support in the forex markets. the bank of japan may but the ecb doesn't. it may buy euro denominated assets. that supports interest rates not the exchange rate. so my completely stupid answer to a very, very wise question is, it's the markets, stupid....
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Feb 29, 2012
02/12
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the first is around europe. we went through the reasons for that, the central bank, the ltro, the elections. germany and france together now moving toward a definable fiscal integration, a measurable fiscal integration. but also in terms of the global economy. in the last three months, i think -- probably not every -- by vuirtually every piece of daa has been better than expected. i don't think it's going to run away on the positive side. but i think we're coming into a much better environment. and for our business, we've seen the flows early in the year represent a different time than the second half of 2011. >> but do you need to continue to resize the business, to meet the realities of the day? are you done resizing or not? >> we're done. and i think the resizing was important in response to basel 3 and the new capital. but here's the rub in my mind, maria. our customers, and our clients, large corporations like cms energy which is right here, large pension funds have the same needs today than they had in 200
the first is around europe. we went through the reasons for that, the central bank, the ltro, the elections. germany and france together now moving toward a definable fiscal integration, a measurable fiscal integration. but also in terms of the global economy. in the last three months, i think -- probably not every -- by vuirtually every piece of daa has been better than expected. i don't think it's going to run away on the positive side. but i think we're coming into a much better environment....
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Feb 28, 2012
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in europe. whaefls the strategy to keep things as strong as they are? >> well, a very important piece of what we've been doing over the last several years is building out our network geographically. we've been extending our number of hotels. we're up to over 200,000 hotels for the whole group. and we've built a very significant presence in asia, in south america, central and eastern europe, new markets that have growing economies. more people traveling. that's fueling growth for our group. >> let me get your take on what's going on in europe right now. what do you think? >> i think it's a mix. northern europe seems to have a little more strength in its economy than southern europe. we mentioned in our conference call we had seen some weakness in demand and in hotel average daily rates in southern europe, and it's not surprising given the economic uncertainty in that region. and high levels of unemployment, particularly among young people. so that's something that we've been seeing now in the las
in europe. whaefls the strategy to keep things as strong as they are? >> well, a very important piece of what we've been doing over the last several years is building out our network geographically. we've been extending our number of hotels. we're up to over 200,000 hotels for the whole group. and we've built a very significant presence in asia, in south america, central and eastern europe, new markets that have growing economies. more people traveling. that's fueling growth for our...
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Feb 20, 2012
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>> yes, we think europe has more potential than the u.s. overweight in europe in january versus the u.s. where we have the slight overweight. i think in terms of the region are still the emerging markets. the upside is the biggest. clearly in europe we have the same or more ex traem valuation but i think we need to split the market there a bit more between the financial sector which is a very cheap region and which is not so cheap anymore but also we think there's still more upside potential and two versus the euro stocks. >> phillip, what would prompt you to change your view and if we do get a deterioration of the situation in europe as we are discussing the yields in spain and italy, for instance, look much more sustainable, get worse all over again and confidence ebbs away how about change your view? >> for us the most important indicators are the macro indicators, the cyclical picture. we have seen consecutive gains and expectations index in the european pmi, even in the southern part like italy and spain, we see some stabilization. so
>> yes, we think europe has more potential than the u.s. overweight in europe in january versus the u.s. where we have the slight overweight. i think in terms of the region are still the emerging markets. the upside is the biggest. clearly in europe we have the same or more ex traem valuation but i think we need to split the market there a bit more between the financial sector which is a very cheap region and which is not so cheap anymore but also we think there's still more upside...
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Feb 1, 2012
02/12
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even in europe we had expansion. now we have europe, china and asia all expanding. that's positive news for the economy. that's positive news for the stock market. >> speaking of pessimism, kor fat the scene, the numbers today seam to undercut your theory. china's going to have a hard landing, you could argue right now that argument is almost off the table altogether. the data out of europe doesn't seem to be all that bad of late either. then you could have this deal in greece. >> scott, i disagree entirely. when we look at these global pmis the prepond reerance of pm are still below 50. the private pmi still below 50. when you look at korea, taiwan, still below 50. korea last week reported its lowest exports in two years. right now the rage is decoupling, right? saying the u.s. can sail through a global storm that china isn't going to be impacted by its ability to export to europe. i think the markets really tell us otherwise. particularly the shanghai composite. if this data were so good out of china, we've seen the chinese market so far really limp into this new
even in europe we had expansion. now we have europe, china and asia all expanding. that's positive news for the economy. that's positive news for the stock market. >> speaking of pessimism, kor fat the scene, the numbers today seam to undercut your theory. china's going to have a hard landing, you could argue right now that argument is almost off the table altogether. the data out of europe doesn't seem to be all that bad of late either. then you could have this deal in greece. >>...
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Feb 11, 2012
02/12
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oh, so you say how about europe? europe didn't hurt fortinet at all. europe, the middle east, and asia, so-called emea, were areas of strength up 22 perts. best of all the company keeps taking share from cisco, juniper, checkpoint. fortinet's eating their lunch. and i actually think it would make a ton of sense as a takeover target for a company like cisco, giving them more exposure to the fastest-growing part of the network security business. here's the bottom line. yes, fortinet's expensive, but i think the speculative cyber security play makes a ton of sense on any pullback, like the one that began today. because its prospects are terrific. especially ahead of this legislation being introduced in the senate next week that i'm sure will have everyone atwitter about ftnt. after the break i'll try to make you even more money. >> coming up, battle of the beds. cramer rarely gets shuteye. but tonight by request he's finding out which mattress maker could help you build the portfolio of your dreams and wake up with mad money. all coming up on "mad money."
oh, so you say how about europe? europe didn't hurt fortinet at all. europe, the middle east, and asia, so-called emea, were areas of strength up 22 perts. best of all the company keeps taking share from cisco, juniper, checkpoint. fortinet's eating their lunch. and i actually think it would make a ton of sense as a takeover target for a company like cisco, giving them more exposure to the fastest-growing part of the network security business. here's the bottom line. yes, fortinet's expensive,...
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Feb 29, 2012
02/12
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and europe is mixed for the time being. although for the year to date, still hanging on to good gains. ftse up 6%, dax up and cac as well. >>> let's hit the roadmap. can the dow stay above 13,000? the last leap say, the dow lost 315 points. >> fed chief ben bernanke heads to the hill to give his testimony. how will he respond to questions on gas prices, manufacturing, employment and stocks? >> and the ecb's second low-cost loan program. 529.5 billion euros borrowed by 800 lenders. >> apple set to open north of $500 billion in market cap today. can the buzz around the launch of the ipad 3 next week keep the stock up or will the law of large numbers kick in? >>> the dow is coming off its first close above 13,000 since may 19, 2008. the blue-chip index up 6.5% so far this year, it's jumped 22% since october. meanwhile, the bulls can only hope today's leap day trading is nothing like the last one. stocks tumbled the last february 29th with the dow falling more than 315 points, about 2.7% drop back then. other major averages cha
and europe is mixed for the time being. although for the year to date, still hanging on to good gains. ftse up 6%, dax up and cac as well. >>> let's hit the roadmap. can the dow stay above 13,000? the last leap say, the dow lost 315 points. >> fed chief ben bernanke heads to the hill to give his testimony. how will he respond to questions on gas prices, manufacturing, employment and stocks? >> and the ecb's second low-cost loan program. 529.5 billion euros borrowed by 800...
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Feb 16, 2012
02/12
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we need to them out in europe. if you read romney today in the paper he's saying wi, listen, ca is the world's enemy and we've got to build up -- >> the op-ed by romney in the journal today talks about how day one he would declare them a currency manipulator. now people wonder if -- i mean, would a trade war or a possible trade war weigh on the market now? >> i think so. >> you do? >> i don't think romney -- well, you know, i don't want to -- romney doesn't look that well in the polls right now. but i do believe that china is the ongoing story of great and horrible. not good and bad. but it's almost as if the dichotomy, the binary nature of china, we either think they're going to kill apple as they killed google or we think they're the great savior of the world. i wish it were somewhere more gray than so black and white. >> do you really believe it was the china story that took apple down from 526 to 425 in a matter of hours? >> i think there's a lot of hot money in apple. i think you need an earnings basis or at l
we need to them out in europe. if you read romney today in the paper he's saying wi, listen, ca is the world's enemy and we've got to build up -- >> the op-ed by romney in the journal today talks about how day one he would declare them a currency manipulator. now people wonder if -- i mean, would a trade war or a possible trade war weigh on the market now? >> i think so. >> you do? >> i don't think romney -- well, you know, i don't want to -- romney doesn't look that...
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Feb 7, 2012
02/12
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safe from europe's debt crisis. today, two of greece's biggest unions hold a massive strike to protest those austerity measures. cnbc's julia chatterly is live in athens. how close do we think fwrees is greece is to a debt deal? obviously we're having an issue with her shot. why don't we go to diana olick right now. and talk about the housing market. it's a big overhang in the economy after more than a year of talk. we may soon be to a settlement. diana olick has the answers. diana? >> reporter: i hope so, sue. from what we know, this settlement could help close to 1 million troubled borrowers with mortgage implications of a principal reduction. but this deal only addresses foreclosure paperwork abuses. it's not going to help anyone buy or sell a house this year. for the five banks in the settlement, b of a, jpmorgan, citigroup, wells fargo and al lied financial, it's one of still of a growing number of legal actions. bank of america alone which took on countrywide is facing or has settled more than a dozen lawsuits
safe from europe's debt crisis. today, two of greece's biggest unions hold a massive strike to protest those austerity measures. cnbc's julia chatterly is live in athens. how close do we think fwrees is greece is to a debt deal? obviously we're having an issue with her shot. why don't we go to diana olick right now. and talk about the housing market. it's a big overhang in the economy after more than a year of talk. we may soon be to a settlement. diana olick has the answers. diana? >>...
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Feb 17, 2012
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hope out of europe. investors betting that a greek deal could get done after another week of, what do you call it, deadlock, moving around, moving parts. it's friday, february 17th. i think i'll say 2012 instead. "squawk box" begins right now. ♪ here comes the weekend here comes the weekend here comes the weekend ♪ >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. happy friday. our top story, the markets. the dow within 100 points of that 13,000 level. yesterday the blue chip index sprinted to its highest close
hope out of europe. investors betting that a greek deal could get done after another week of, what do you call it, deadlock, moving around, moving parts. it's friday, february 17th. i think i'll say 2012 instead. "squawk box" begins right now. ♪ here comes the weekend here comes the weekend here comes the weekend ♪ >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. happy friday. our...
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Feb 2, 2012
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speaking of europe, we asked him what his thoughts were regarding the situation in europe. he didn't hold back in assessing how bad it is. >> we need to decide, right? we can no longer hypothesize solutions. you need a solution. not looking at alternatives. just make a call and move it on. it could be the wrong one for all i know, but make a call. >> and he says that they need to add a third automaker to the fiat/chrysler alliance. brian, we've heard this talk before. he says his phone's not ringing yet but he believes a european automaker or somebody out of the far east might be the best option at this point, but clearly we have not seen this level of optimism from him in a long time. and he believes that they can continue on this roll they've been on here in the united states. >> phil, i'm sorry if you said it because i'm looking it up, i don't know what that plant makes apparently it makes the jeep compass and jeep patriot. can we assume jeep is doing well, or is this going to produce something else? i know it's not the 500. >> jeep is definitely doing well. that's part
speaking of europe, we asked him what his thoughts were regarding the situation in europe. he didn't hold back in assessing how bad it is. >> we need to decide, right? we can no longer hypothesize solutions. you need a solution. not looking at alternatives. just make a call and move it on. it could be the wrong one for all i know, but make a call. >> and he says that they need to add a third automaker to the fiat/chrysler alliance. brian, we've heard this talk before. he says his...
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Feb 8, 2012
02/12
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here in europe, ahead of the u.s. open, we are trending higher. 6 to 3, advancers outpacing decliners up after two pretty flat days of trading. the ftse 100 up pretty flat. right now, the ftse up 0.2%. we're off the best levels of the day for the uk market. the xetra dax up 0.8%. the ftse mib up 1.5%. euro/dollar, 1.3262. euro/sterling, pretty steady. sterling has been getting weak. we will get more quantitative easing out tomorrow from the bank of england. as far as bond markets are concerned, the ten-year bund did start yeed yielding over 2% since the session today. btps were yielding about 5.35 earlier today. we saw those spreads narrow to the narrowest we've seen since the beginning of october before that big november monthout in the berlusconi government. keep your eyes on the u.s. ten-year treasuries yielding below 2%. chloe, over to you. >> those narrowing spreads that you talk about certainly have plenty of implications in asia as the higher yielding bond markets picking up momentum. and take a look at the ris
here in europe, ahead of the u.s. open, we are trending higher. 6 to 3, advancers outpacing decliners up after two pretty flat days of trading. the ftse 100 up pretty flat. right now, the ftse up 0.2%. we're off the best levels of the day for the uk market. the xetra dax up 0.8%. the ftse mib up 1.5%. euro/dollar, 1.3262. euro/sterling, pretty steady. sterling has been getting weak. we will get more quantitative easing out tomorrow from the bank of england. as far as bond markets are concerned,...
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Feb 24, 2012
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if europe's so bad why does eaton say europe's okay? the answer is there's a lot of europe we forget is very strong. particularly germany. >> yeah. look at hewlett-packard. moving lower once again today. down to $27 a share. >> hewlett-packard? i question the balance sheet there. david, i don't know how much work you did on the balance sheet. not as pristine as it used to be. >> she's trying to actually -- that's one of her key goals, meg whitman, replenish, revitalize that balance sheet. it's going to be a long tu turnaround. she made no bones about it. >> true. >> got to keep your customers and employees confident. you can't also send a message of complete -- >> i say good luck. new set on monday. boy, am i fired up about it. >> new set here on "squawk on the street." cramer, this time we are saying good-bye. see you tonight at 6:00 and 11:00 on "mad money." meantime, don't go anywhere. breaking news on new home sales on deck. stay tuned. optionsxpress, where you can trade your favorite products all in one account. it's powerful, easy
if europe's so bad why does eaton say europe's okay? the answer is there's a lot of europe we forget is very strong. particularly germany. >> yeah. look at hewlett-packard. moving lower once again today. down to $27 a share. >> hewlett-packard? i question the balance sheet there. david, i don't know how much work you did on the balance sheet. not as pristine as it used to be. >> she's trying to actually -- that's one of her key goals, meg whitman, replenish, revitalize that...
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Feb 27, 2012
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we see where we close up around europe. let me mention we still have that very important vote over in the lower house of parliament in germany. merkel was addressing the members of parliament there. she's conflicted over how to it move forward, of course. the indication is still the vote will go through. the question is whether she gets her own ma joert. when push up comes to shove, carl, it doesn't perhaps matter whether we go moving forward. she has to get the lower house to vote through. >> meanmeanwhile, she has to ma the cabinet officials. one says greece would be better off restructuring outside the euro, and that's not exactly the point of view she's pushing. >> yeah. this is very important. you raise a very important point, which is the open talk within germany that actually greece should have a full-scale default and should be pushed out of the euro zone. that's very, very much now on the agenda. it's why last week we thought that bailout might not come through. >> we'll give you a chance to sit down. we'll talk mo
we see where we close up around europe. let me mention we still have that very important vote over in the lower house of parliament in germany. merkel was addressing the members of parliament there. she's conflicted over how to it move forward, of course. the indication is still the vote will go through. the question is whether she gets her own ma joert. when push up comes to shove, carl, it doesn't perhaps matter whether we go moving forward. she has to get the lower house to vote through....
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Feb 28, 2012
02/12
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europe is very unloved still. we're not overweight europe, but we're less underweight than we were. >> we look at the europe 6 # 00 chart -- >> the euro stocks, yeah. >> where in europe right now? >> stay high quality. you want to look at the high quality dividend plays as well. there are so many stocks in europe that have higher dividend yields and corporate bond yields. if you want to get a toe in the market, don't get too much risk. we're still bullish emerging markets. we think the growth story is very strong. with central banks cutting rates, and the ecb offering the 2, it will be supportive for the equities there. >> good to see you. thanks for stopping in. >> thank you. >> bob pisani, is it possible? are we really going to do this today? >> i think we'll finally make it. >> february 28th, we didn't have to wait for leap day to get the dow to 13,000. >> i'm more interested tomorrow what mr. bernanke has to say. >> we've got the ltro out of europe, mr. bernanke. a lot of things coming out of the woodwork. >>
europe is very unloved still. we're not overweight europe, but we're less underweight than we were. >> we look at the europe 6 # 00 chart -- >> the euro stocks, yeah. >> where in europe right now? >> stay high quality. you want to look at the high quality dividend plays as well. there are so many stocks in europe that have higher dividend yields and corporate bond yields. if you want to get a toe in the market, don't get too much risk. we're still bullish emerging...
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Feb 15, 2012
02/12
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on in europe. and as you know, paulson still gets called by people like mario draghi. we'll get a call on whether this is comparable to what happened in 2008 and he still has the ear of ben bernanke and i want to get his view on what's happening in the u.s. economy and jobs and all of that. it's hopefully going to be an exciting half hour. >> and there's news out of china about that maybe they feel a little bit more comfortable with investments in europe. we've had some of the gdp data which i'm calling pretty good. i don't know. up 0.3%, town 0.3%. that's not that bad, andrew, for all the animals speared, getting drained out of that part of the world. and yet france was able to actually grow 0.2%. >> right. i don't know. maybe things are better than we think. we'll hear what hank paulson has to say on that. i'm hoping that maybe he'll give us a little bit of color on discussions we have with mario draghi. perhaps it's not as deep as we think. >> you know, i've said this to joe in the last hour and
on in europe. and as you know, paulson still gets called by people like mario draghi. we'll get a call on whether this is comparable to what happened in 2008 and he still has the ear of ben bernanke and i want to get his view on what's happening in the u.s. economy and jobs and all of that. it's hopefully going to be an exciting half hour. >> and there's news out of china about that maybe they feel a little bit more comfortable with investments in europe. we've had some of the gdp data...
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Feb 15, 2012
02/12
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ammann, what's going on in europe. they'll be posting a big loss in europe. >> that's a question for a lot of companies, phil. thanks so much. >> we've got about 25 minutes to go here. the dow just off the lows, down 109 points. >> get ready to trade the close, because oil prices are up 3% this week. will tensions with iran keep ramping up those prices? >> after the bell, home builder confidence index hitting the highest level than we've seen in five years. >> as we head to the break, take a look at how the big home builders are trading today. incredible run, but profit taking going on there right now. >>> but first, before we go to break, the "dividend." which stock is the worst performer so far this year? carnival, monster worldwide, or radioshack? the "dividend" pays off after the break. >>> just before the break as part of the "dividend," we asked which stock is the worst performer so far this year, carnival, monster worldwide or radioshack? now the payoff. radioshack. >> welcome back to "closing bell." i'm seema m
ammann, what's going on in europe. they'll be posting a big loss in europe. >> that's a question for a lot of companies, phil. thanks so much. >> we've got about 25 minutes to go here. the dow just off the lows, down 109 points. >> get ready to trade the close, because oil prices are up 3% this week. will tensions with iran keep ramping up those prices? >> after the bell, home builder confidence index hitting the highest level than we've seen in five years. >> as...
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Feb 23, 2012
02/12
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., on the jobs front and in europe on the growth front. meanwhile, oil prices continue to move higher. light sweet crude rallied for a sixth straight day. settled at a little more than a nine-month high. but late this afternoon, we are now at $108.12 a barrel. waiting for earnings from aig. ceo robert benmosche will be here momentarily to break down the results. the first time cnbc interview. >> let's look how we finished the day on wall street. will we hit 13,000 for the day? it's done and dusted. the next thing i tweeted out, does it matter anyway. that remains to be seen. the nasdaq was the clear winner in percentage terms. up by 23 points. the s&p 500 holding above what has been stiff resistance of 1360. we're sitting there at 1363. bob pisani has more, our eye on the floor. >> that was good. my point about today is, we have -- while it's not a dramatic move, we, again, pushed forward u even as europe didn't do anything. three days in a row now, europe is down and we've been sideways. the performance in the last three or four days, we'
., on the jobs front and in europe on the growth front. meanwhile, oil prices continue to move higher. light sweet crude rallied for a sixth straight day. settled at a little more than a nine-month high. but late this afternoon, we are now at $108.12 a barrel. waiting for earnings from aig. ceo robert benmosche will be here momentarily to break down the results. the first time cnbc interview. >> let's look how we finished the day on wall street. will we hit 13,000 for the day? it's done...
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Feb 6, 2012
02/12
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talk about europe for a second. >> let's break europe. uk for us is not europe. it is technically part of the u but u can, is separate. uk demand is somewhat weak. france is okay. germany is okay, scandinavia is okay. spain is weak. italy is weak. we know enough about greece to know greece is not okay. >> do you have a business in greece? >> we had a nice share in greece unfortunately that is a share of a shrinking pie and it's very concerning. spain is outside of the uk spain is our largest market. >> china, what's going on in china? >> demand for our product is still huge, demand is strong in china. the consumer has a voracious appetite for our category of product. >> do you feel any pullback at all? there's so much concern what's going on in the economy there. >> there's a 30% luxury tax on our products in china, there's perfect pricing information for the consumer in china, through the internet and she knows what the price is in hong kong, taiwan, travel retail and north america and there's a long chinese diaspara doing shopping for the chinese consumer outsi
talk about europe for a second. >> let's break europe. uk for us is not europe. it is technically part of the u but u can, is separate. uk demand is somewhat weak. france is okay. germany is okay, scandinavia is okay. spain is weak. italy is weak. we know enough about greece to know greece is not okay. >> do you have a business in greece? >> we had a nice share in greece unfortunately that is a share of a shrinking pie and it's very concerning. spain is outside of the uk spain...
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Feb 6, 2012
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this is the worst thing europe can do right now. even the russians believe in a little stimulus goes a long way. >> in terms of the trade, it sounds maybe you want to go to a play that's domestic russian market, non-oil? >> well, i think while russian oil stocks remain cheap, yeah. look at the consumer names. is potentially at record lows this year. you might see 4% year over year inflation in russia. but the consumer who is getting their political influence and education from the internet is very interested. and seems liex yndx which trades on the market. and actually look cheap here. and the plays which are mobile internet and broad band are v.i.p. and ntb. on a special trade here. >> is it getting a facebook halo? >> they own 2.9% of facebook. it's hard to talk seriously looking at me in that doll. >> what's up with the hair? >> i think i have a hat on. >> oh, it's a hat. it's cold in russia, right? >> what was the weather like? >> it was about 20 below. it was ridiculously cold. you know, there are ways to stay warm. >> there ar
this is the worst thing europe can do right now. even the russians believe in a little stimulus goes a long way. >> in terms of the trade, it sounds maybe you want to go to a play that's domestic russian market, non-oil? >> well, i think while russian oil stocks remain cheap, yeah. look at the consumer names. is potentially at record lows this year. you might see 4% year over year inflation in russia. but the consumer who is getting their political influence and education from the...
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Feb 3, 2012
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europe needs germany to recover still. it needs a big recovery there. >> julian, hi, this is christine here in asia. how supportive is the latest china services pmi data? a little bit mixed but all in all it says china could possibly avoid or most probably will avoid a hard landing. is that your view as well? >> i think the situation for china is start to go get a little bit better. we have to be very careful about the numbers coming out for january because cheerily the chinese new year did happen at an earlier stage this year and that could definitely be depressing the activity related indicators and that was apparent in today's service data and also in the manufacturing data so, therefore, we are going to see china still showing moderate expansion particularly for the industrial sector as we go for this year. chinese economists would point out there is a new fiscal stimulus which they would estimate to be around 1% or 2% of gdp coming forward. it really helps support the economy. at the same time i think western investor
europe needs germany to recover still. it needs a big recovery there. >> julian, hi, this is christine here in asia. how supportive is the latest china services pmi data? a little bit mixed but all in all it says china could possibly avoid or most probably will avoid a hard landing. is that your view as well? >> i think the situation for china is start to go get a little bit better. we have to be very careful about the numbers coming out for january because cheerily the chinese new...
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Feb 14, 2012
02/12
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i think europe should have started off just imposing the emissions trading scheme on flights inside europe where they obvious obviously clearly have jurisdiction and that would have avoided disputes with the u.s. and china which is now happening. secondly, i don't think when the analysis was done on the eu emissions trading scheme people envisioned we would be at $100 a barrel of oil and clearly that changes the economics because airlines have a very big incentive to be fuel efficient in this environment. >> it's true. that is at the point some of your guys are saying the price of oil is making us want to be as efficient as possible anyway. >> reporter: yes. that's what i'm hearing from a lot of airline executives that they are already making their own inroads into reducing their own carbon emissions and given the fact that rising -- that oil prices continue to rise, it's all very sticky in the opinion of the cathay pacific ceo. this is still a big predicament for the airline industry, rising costs. they simply don't want another cost to deal with. having said that, that does seem to be so
i think europe should have started off just imposing the emissions trading scheme on flights inside europe where they obvious obviously clearly have jurisdiction and that would have avoided disputes with the u.s. and china which is now happening. secondly, i don't think when the analysis was done on the eu emissions trading scheme people envisioned we would be at $100 a barrel of oil and clearly that changes the economics because airlines have a very big incentive to be fuel efficient in this...
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Feb 22, 2012
02/12
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>> yes, we are talking about europe. we're going to start, since the president got to sing part of that or play part of that wonderful song, sweet home chicago, you know, it is a catholic holiday. it's ash wednesday, and illinois, our governor, governor quinn is going to put forthillinois' budget. i see a greek one-year is about 750%, a two year is like 215%. you know, i think it's interesting we release the budget on a religious holiday. that gungate is going to need god's guidance. why don't we buy one and two-year greek paper? >> it will take care of the pension problems in illinois. 213%. >> all kidding aside. considering the ecb's hedging and wedging bailout number two, maybe there could be number three. seriously why would that not be a good investment? >> the markets are saying they really don't believe it. >> everybody's happy with the short-term liquidity fix. >> all kidding aside, portugal's yield curve is inverted. short-term yields pretty much are all higher to the ten-year. you look at a two-year about 30 ba
>> yes, we are talking about europe. we're going to start, since the president got to sing part of that or play part of that wonderful song, sweet home chicago, you know, it is a catholic holiday. it's ash wednesday, and illinois, our governor, governor quinn is going to put forthillinois' budget. i see a greek one-year is about 750%, a two year is like 215%. you know, i think it's interesting we release the budget on a religious holiday. that gungate is going to need god's guidance. why...
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Feb 1, 2012
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but europe has been a problem. and i think as europe goes into recession, as we see the furthest territory in europe, that is going to hit the chinese economy. so somewhere down the line, inflation is going to slow and the policymakers will relabls lax. but it looks as though we're not there yet. >> thank you, richard harris, you continue to stay with us. we are mostly green on the board. advancers outpatsing decliners by more than nine to one. slim gains yesterday for european stocks. ftse 100, xetra dax up over 1%. we started february up 1.2% higher. 1.5% higher on the xetra dax. another 1.5% gains on the cac 40. banks are a little firmer today. utilities with, crux and materials, financial services, they're all on the upside. a little weakness elsewhere. in fact, there are no sector losers at the moment. as far as europe is concerned, we saw a session high post that pmi data. a deaf sigz, we've got the first print of manufacturing pmi out of the uk in around 20 memberships or so. euro/yen, just below the 100 mar
but europe has been a problem. and i think as europe goes into recession, as we see the furthest territory in europe, that is going to hit the chinese economy. so somewhere down the line, inflation is going to slow and the policymakers will relabls lax. but it looks as though we're not there yet. >> thank you, richard harris, you continue to stay with us. we are mostly green on the board. advancers outpatsing decliners by more than nine to one. slim gains yesterday for european stocks....
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Feb 17, 2012
02/12
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think europe. we'll take you across the pond to see some luxury listings in greece, italy and france. [ speaking in foreign language ] >> we'll be right back. how about some facts? the chevy volt was one of the most awarded cars in 2011. the volt's battery has been tested for more than 395,000 hours. ♪ and, most importantly, the volt has received the highest overall vehicle score for safety possible. [ cheers and applause ] the extended-range electric chevy volt. hard to argue with the facts. ♪ tspark card from capital one... spark cash gives me the most rewards of any small business credit card. it's hard for my crew to keep up with 2% cash back on every purchase, every day. 2% cash back. that's setting the bar pretty high. thanks to spark, owning my own business has never been more rewarding. [ male announcer ] introducing spark the small business credit cards from capital one. get more by choosing unlimited double miles or 2% cash back on every purchase, every day. what's in your wallet? thi
think europe. we'll take you across the pond to see some luxury listings in greece, italy and france. [ speaking in foreign language ] >> we'll be right back. how about some facts? the chevy volt was one of the most awarded cars in 2011. the volt's battery has been tested for more than 395,000 hours. ♪ and, most importantly, the volt has received the highest overall vehicle score for safety possible. [ cheers and applause ] the extended-range electric chevy volt. hard to argue with the...
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Feb 3, 2012
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is it europe? i think they will get more clarity. >> rick, earlier, jim said look this is a qe rally. that's what is driving things. as you think about fundamentals and think about the economic back grop that it is positive. >> just look at what bond yields did after the last fed meeting. they went from the top of the rains to the bottom. yes, do think when you have a managed economy and you could argue whether you think it's good or bad. yes, all of these. a cushion effect for equities. the fed wans to move in that zone. it makes it difficult to read the signals. the purity is somewhat lost. >> thank you so much. as you mentioned, today's employment data. a grade give on the different areas. we break it all down now with russell renanldss as well. >> russel, let me kick this off with you because you have a fantastic vantage point in what is going on. what are you seeing job creation right now? >> a leading indicator. on that basis, a year ago we saw business pop. >> give me your grade for the econ
is it europe? i think they will get more clarity. >> rick, earlier, jim said look this is a qe rally. that's what is driving things. as you think about fundamentals and think about the economic back grop that it is positive. >> just look at what bond yields did after the last fed meeting. they went from the top of the rains to the bottom. yes, do think when you have a managed economy and you could argue whether you think it's good or bad. yes, all of these. a cushion effect for...
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Feb 24, 2012
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a little bit more worry maybe about europe because europe now is going into recession. i'm hearing some reports about, okay, well, that is affecting some sales of companies that operate there. of course, not all the companies are big companies. a lot of them are smaller. they're chugging along. i think things are going, you know, reasonably well, but not knockening t enining the ball o park. i think the holiday season went fairly well. one of the thing i was impressed with with the holiday season, you talk about big retailer, but i get reports from even little retailers and they seemed to have a good holiday season, but, of course, it's always a mixed bag. i think generally cautiously optimistic. >> we're going to slip in a quick break. >>> still to come a closer look at the move in oil and how it may affect your wallet. >>> plus, we're going to have much more with our guest host st. louis fed president james bullard, and be sure to tune in monday when the oracle of omaha graces us with his presence for all three hours of the broadcast, the cable, the show, whatever. wa
a little bit more worry maybe about europe because europe now is going into recession. i'm hearing some reports about, okay, well, that is affecting some sales of companies that operate there. of course, not all the companies are big companies. a lot of them are smaller. they're chugging along. i think things are going, you know, reasonably well, but not knockening t enining the ball o park. i think the holiday season went fairly well. one of the thing i was impressed with with the holiday...
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Feb 29, 2012
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if you look at the prices in europe, the prices in europe this past fall was a liquidity crisis. you had banks who were being forced into liquidating their assets, primarily sovereign wealth -- sovereign credits, and they were forced to start selling that. that was a snowball. as they were trying to get prepared for bassel 2, and ultimately bassel 3. it created a real panic. there was an absolute, you know, lacking of liquidity. so what president dragi did, they started with the first ltro, which is a three-year term repo, and did it again last night, this morning. and they're stabilizing the liquidity in europe. and i think this is really essenti essential. we have seen italian and spanish yields decline over 300 basis points. a good indication of the stability we're beginning to see in europe. we should not think that this is a fix. this is a stabilizer. this procedure creates an atmosphere in which now the politicians can find ways to stabilizing their deficits, and most importantly, they have now two to three years to start fixing their economy towards growth. so i think what
if you look at the prices in europe, the prices in europe this past fall was a liquidity crisis. you had banks who were being forced into liquidating their assets, primarily sovereign wealth -- sovereign credits, and they were forced to start selling that. that was a snowball. as they were trying to get prepared for bassel 2, and ultimately bassel 3. it created a real panic. there was an absolute, you know, lacking of liquidity. so what president dragi did, they started with the first ltro,...
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Feb 27, 2012
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on the closing bell, opening a door on the rally, positive news on home sales, offsets concerns over europe hitting the floor. exclusive interview with the head of the nyse on our new set to talk everything from low trading volume to the outlook for exchange consolidation. live from post 9 on the floor of the new york stock exchange, this is the final and most important hour of the trading day. >>> same time, same channel, different set. welcome, everybody, i'm bill griffin here on our brand new 17,000 pounds of love set on the floor of the new york stock exchange. >> yeah it is great to be here. i'm maria bartiromo. thank you for joining us today, folks, a big show for you here as we are debuting our new set. >> it has been two years in the planning. >> yeah. >> and i -- kudos to the whole gang behind the scenes who have done such a wonderful job and i know you are going to enjoy t let's face it, it is an historic moment for us as a news organization to be broadcasting from the floor with this established set on the new york stock exchange. >> i think for the traders, it is a built bitters
on the closing bell, opening a door on the rally, positive news on home sales, offsets concerns over europe hitting the floor. exclusive interview with the head of the nyse on our new set to talk everything from low trading volume to the outlook for exchange consolidation. live from post 9 on the floor of the new york stock exchange, this is the final and most important hour of the trading day. >>> same time, same channel, different set. welcome, everybody, i'm bill griffin here on our...
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Feb 24, 2012
02/12
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europe does have -- there's a competitive element to europe, right? there is another guy who is going at it versus you guys, and how are they doing versus you just in terms of head-to-head? >> if you look across europe in general, germany, there's still a very competitive dog fight going on. in the u.k. that combination of top table, which is the leading consumer destination and open table is the winning combination in the u.k. >> this is matt roberts, president and ceo of open table. it's a billion dollar company with a much bigger market than the market cap, and i think sometimes you have to think about the market cap. not so much about the minutiae because the market cap is too small to address how big the opportunity is for open table. matt roberts, president and ceo of open table. thank you so much. >> thank you, jim. >> stay with cramer. >> coming up, ride the lightning. take a nonstop thrill ride as cramer goes stock after stock. all your calls taken rapid fire on the lightning round. >>> and later, commodity collapse. with coal on the rocks an
europe does have -- there's a competitive element to europe, right? there is another guy who is going at it versus you guys, and how are they doing versus you just in terms of head-to-head? >> if you look across europe in general, germany, there's still a very competitive dog fight going on. in the u.k. that combination of top table, which is the leading consumer destination and open table is the winning combination in the u.k. >> this is matt roberts, president and ceo of open...
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Feb 22, 2012
02/12
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these are the stories we're watching in europe. tomorrow, a busy day for the fourth quarter results due out, analysts looking for the german bank to post a 47% jump in the net profit. will it announce more writedowns on the greek debt holdings. we'll speak to the company's cfo. also joining the lineup is the cfo of the german company. speaking exclusively to the monetary policy committee member david miles. why he's been pushing for more quantitative easing for the uk economy. tune in to cnbc world to capture all of the action overseas at cnbc world headquarters. "going global" with your money. >>> the surging oil prices have certainly been a boon, not just to major oil producers, but small companies as well. energy 21 is currently the third largest oil producer on the gulf of mexico shelf. it operates six of the 11 largest oil fields in that part of the world. the company's been involved in a flurry of acquisitions in its few short years of existence. we want to talk about that in a cnbc exclusive with chairman and ceo john schill
these are the stories we're watching in europe. tomorrow, a busy day for the fourth quarter results due out, analysts looking for the german bank to post a 47% jump in the net profit. will it announce more writedowns on the greek debt holdings. we'll speak to the company's cfo. also joining the lineup is the cfo of the german company. speaking exclusively to the monetary policy committee member david miles. why he's been pushing for more quantitative easing for the uk economy. tune in to cnbc...
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Feb 10, 2012
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we said plus, if europe holds together. profits themselves get us to 1350 and if europe pulls together we get valuation improvement and that's exactly what happened. >> that's exactly what happened. jack bouroudjian, i don't need a federal reserve i don't care what the fed does. i would argue the fed is too loose, but regarding profits in the market and the mother's milk of stocks who cares about it? >> what you're getting right now is the situation where the markets are learning that they have to start concentrating on the fundamentals again. you've got a market that is trading at a low p-e, larry. let's keep that in mind. these are historic lows. you're talking about 15,000 and that would put the s&p at around 1450. that's still 14 times earnings on the s&p. that's still cheap. in pack, i think you might be undershooting it. so what we have right now, though, is pure capitulation. you could hear the bears if you listen. they don't want the cheese anymore. they just want to be left out of the trap. right now, what they're
we said plus, if europe holds together. profits themselves get us to 1350 and if europe pulls together we get valuation improvement and that's exactly what happened. >> that's exactly what happened. jack bouroudjian, i don't need a federal reserve i don't care what the fed does. i would argue the fed is too loose, but regarding profits in the market and the mother's milk of stocks who cares about it? >> what you're getting right now is the situation where the markets are learning...
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Feb 13, 2012
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i notice that the futures over in europe and then the market over in europe rallies, then sells off, as people say, i don't know, is it enough for the germans? this is a binary trade now. do the germans like it or do the germans not? i think right now we don't know, which is why i think to be too bullish is a mistake. >> some traders say going into the weekend it was a binary trade over the weekend. either the greek parliament passes or it doesn't. now we're up to the next binary and maybe the next binary is the formal offer to the private bondholders to come in march. >> one of the problems i continually have is that we don't understand the way greece works in this country. we don't understand the way germany works. we do understand greece fatigue. it was on "morning joe" this morning. it is only irrelevant if we get some deal. it is relevant if greece is kicked out. it is relevant if we have the euro fall big because a lot of the great quarters that we just heard from require the dollar to be stable. you do not want to see the dollar go up dramatically against the euro. numbers get
i notice that the futures over in europe and then the market over in europe rallies, then sells off, as people say, i don't know, is it enough for the germans? this is a binary trade now. do the germans like it or do the germans not? i think right now we don't know, which is why i think to be too bullish is a mistake. >> some traders say going into the weekend it was a binary trade over the weekend. either the greek parliament passes or it doesn't. now we're up to the next binary and...
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Feb 16, 2012
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then after that little bliss of the election. >> i think europe, first of all, europe in recession is a lot different than europe in implosion. and as long as the ecb continues to find a way to back door paper over and this is -- don't kid yourself, this really is qe 1 for the ecb, this is very good news. u.s. exports to europe are not crucial. u.s. exports to the rest of the world are becoming much more important and again, i look at a thawing inflation environment. i look at earnings in emerging market companies coming out, especially latin america the last couple of days, big searle companies that we were following in latin america came out today with huge numbers, i'm not seeing that fall off in growth. so, show me u.s. data, tell me u.s. economist that is not amazed at the resilience of the u.s. data. these data points, nothing wrong. >> this is really old. everything you said to me from an economist perspective is as plain as the sun rising in the east. you look at growth from 0.36% in q 1 last year to 2.8% and now everyone says that growth is fine. the risk to the story is actu
then after that little bliss of the election. >> i think europe, first of all, europe in recession is a lot different than europe in implosion. and as long as the ecb continues to find a way to back door paper over and this is -- don't kid yourself, this really is qe 1 for the ecb, this is very good news. u.s. exports to europe are not crucial. u.s. exports to the rest of the world are becoming much more important and again, i look at a thawing inflation environment. i look at earnings in...
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Feb 28, 2012
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it's absolutely important. >> well, you were hearing from leaders all across europe. our next guest has a way they can hedge themselves before and after the ecb's ltro sales. jordan kimmel is with us as is robert shapiro. sebastien, talk about risk. obviously there are two different outcomes in the market of this new ltro. the market can either love it or hate it. some people say the way to manage risk is to not have any at all. do you agree with that? >> investing is about managing risk and return and trading them off. and i think as investors we shouldn't just look to stay away from the markets as the way to manage risk. it's all about understanding what are the intended and unintended risk we have in our portfolios and if we intend to take risk in europe, in greece, then it's obviously fine if we do so but if we don't then we should figure out to hedge that and what our tools help you do is exactly figure out how much of that risk in your portfolio is coming from those unintended bets. >> if you are looking at a portfolio from a bird's eye view, how much exposure a
it's absolutely important. >> well, you were hearing from leaders all across europe. our next guest has a way they can hedge themselves before and after the ecb's ltro sales. jordan kimmel is with us as is robert shapiro. sebastien, talk about risk. obviously there are two different outcomes in the market of this new ltro. the market can either love it or hate it. some people say the way to manage risk is to not have any at all. do you agree with that? >> investing is about managing...
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Feb 23, 2012
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it's a bleak day for europe's banks. giants like kred commerzbank and credit agricole. >> julia gillard calls a leadership vote on a monday that pits her against rival kevin rudd for the skrob. bank of england npc member david miles tells us why he voted for more quantitative easing. >> where monetary policy needs to be now is to maintain an expansion to boost demand as soon as possible. >>> if you've just joined us this morning, ifo came in better than expected, business sentiment survey so that helped boost the dollar to two and a half month -- the euro to two and a half month highs. some downbeat figures out of european banks. rbs and credit agricole's profit eroded on 0 further greek debt. the best place to be invested in the moment and that deleveraging in french and german banks is likely to be higher. joining us is chris wheeler, banks analyst. thank you for joining us. this is the week before the ltro. the next batch of ltro here. it's undoubtedly saved us from a financial systemic collapse. i suppose the issue w
it's a bleak day for europe's banks. giants like kred commerzbank and credit agricole. >> julia gillard calls a leadership vote on a monday that pits her against rival kevin rudd for the skrob. bank of england npc member david miles tells us why he voted for more quantitative easing. >> where monetary policy needs to be now is to maintain an expansion to boost demand as soon as possible. >>> if you've just joined us this morning, ifo came in better than expected, business...
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Feb 27, 2012
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i'll go macro with europe. do you think the crisis is averted? >> no, i don't think the crisis is averted at all. i think maybe we have a little bit of a stopgap measure but not much. if you think about greece first, right, just take the bailout package of greece, which is hard to call it a bailout, you have about $172 billion, the equivalent of that, going into greece. in order to get it, they have to put their austerity measures up. a 75% haircut for private investors. they're not going to take any hair can cut in the ecb. and you'll have some monitors come in to watch what greece is doing. the greece democracy, do we have it? athens is where it started. it seems like it's ending there as well. and can they get it done and if they get it done, what are we talking about? by 2020 they'll be at 120% debt to gdp. it's still really high. i'm not sure they fixed anything. they kicked the can down the road longer. >> you think there's a chance they may not get to the 170. there are a couple of things i want to ask you. the european union is okay. the
i'll go macro with europe. do you think the crisis is averted? >> no, i don't think the crisis is averted at all. i think maybe we have a little bit of a stopgap measure but not much. if you think about greece first, right, just take the bailout package of greece, which is hard to call it a bailout, you have about $172 billion, the equivalent of that, going into greece. in order to get it, they have to put their austerity measures up. a 75% haircut for private investors. they're not going...
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Feb 3, 2012
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we think the ltro from europe is a nice change with the margin. and we think that things can actually probably go higher from here. so on a 6 to 12-month view we have modestly to equities. >> what does a bit higher mean? >> we've already had a pretty good run so far this year. so what we're doing is playing the more cyclical parts of the market through emerging market equity exposure. >> emerging market? >> yes. they were big laggards last year. when the s&p 500 was up 2, that's a real anomaly for us. we're looking to play catchup through the emerging markets. >> what parts? which emerging markets do you favor? >> asia is top on our score list. we think in terms of valuation, china and korea score particularly well. >> do you think this is a trap? do you think the market moves are trap? we now have the gains that most analysts a month or so ago would suggest we would get for the entire year. unless the data today is great. if you look at the gdp number we had for the fourth quarter it was all about inventories and the commentary then it's not soli
we think the ltro from europe is a nice change with the margin. and we think that things can actually probably go higher from here. so on a 6 to 12-month view we have modestly to equities. >> what does a bit higher mean? >> we've already had a pretty good run so far this year. so what we're doing is playing the more cyclical parts of the market through emerging market equity exposure. >> emerging market? >> yes. they were big laggards last year. when the s&p 500 was...
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Feb 13, 2012
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how do you make money in europe? we've got a top of the line five-star fund manager next with some ideas. >> and a little bit later on rupert on the run. more news corp. journalists arrested. this time on bribery charges. will murdoch be forced to spin-off his newspapers? does he still have a firm grip on news corp.? "power lunch" is back in two minutes. all in one account. it's powerful, easy to use technology for trading stocks, options, and futures. optionsxpress, the broker smart traders deserve. open an account today at optionsxpress.com. without the stuff that we make here, you wouldn't be able to walk in your house and flip on your lights. [ brad ] at ge we build turbines that power the world. they go into power plants which take some form of energy, harness it, and turn it into more efficient electricity. [ ron ] when i was a kid i wanted to work with my hands, that was my thing. i really enjoy building turbines. it's nice to know that what you're building is gonna do something for the world. when people thin
how do you make money in europe? we've got a top of the line five-star fund manager next with some ideas. >> and a little bit later on rupert on the run. more news corp. journalists arrested. this time on bribery charges. will murdoch be forced to spin-off his newspapers? does he still have a firm grip on news corp.? "power lunch" is back in two minutes. all in one account. it's powerful, easy to use technology for trading stocks, options, and futures. optionsxpress, the broker...
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Feb 6, 2012
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in europe. how do you want type vest, knowing that is the elephant in the room? >> you are absolutely right. fundamentals are very, very strong. the market doesn't trade off those fundamentals, we will have the geopolitical risk in europe move from greece to ireland to spain, you name it. i think for investor, have to realize not have every month play out like january. look at this year taking two steps forward and one step back. i think when we get to the end of the year, we could be looking a at year that maybe has hist toric average returns in our market. we could be looking at an 8 to 9% return. not going to be a straight line getting there i think a very volatile year, giving back a lot of what we make along the way. >> what are the areas that we need to be exposed to and where would you be avoiding this market here, bob? >> if market expectation is 8 to 9%, the dividend trade is not too old. people think the trade is overblown, it isn't. if i can get a third or half of my expected market r
in europe. how do you want type vest, knowing that is the elephant in the room? >> you are absolutely right. fundamentals are very, very strong. the market doesn't trade off those fundamentals, we will have the geopolitical risk in europe move from greece to ireland to spain, you name it. i think for investor, have to realize not have every month play out like january. look at this year taking two steps forward and one step back. i think when we get to the end of the year, we could be...