he is the man that brennan reported to in h hierarchy. pearl is a former british marine and he made most of his fortune working in iraq in the security business doing the gun webs gates and gerkas business in iraq. this is john brennan's boss before he started working for barack obama, guys? thz sounds like juicy 007. a little bit cloak and dagger. but at the same time, there is nothing to suggest anything inappropriate was going on here. >> that's right. we should underscore that. i didn't talk to anybody who suggested that john brennan ever did anything inappropriate while in the private sector. i did talk to several people who questioned sort of why we need this private intelligence structure in any case. why do we have global private security firms operating in beijing and washington and baghdad at the same time? and this is an entirely tax-payer fueled entity. >> eamon, you know the answer to that. the way that the u.s. army can say, we don't have operatives in south america. they didn't but they were paying mercenaries to be down th

brennan is right. so what if you're an american. if you do bad things and you're part of an imminent violent threat to america in sudan or wherever you're going to be, go ahead, take 'em out. the intel is probably right. this is a weird one. conservatives are screaming about this, liberals are screaming about this. only a few smart die hards like why is and i guess me are defending this. why is that? >> well, i haven't been reviewing the conservative press on this but my guess is what they're screaming about is what i was just mentioning. you know, the crickets that we're hearing from the left when, you know, not giving the little darlings their favorite meals at guantanamo used to send the acl screaming torture. i think it's more the double standard, not that the military and cia have come up with a way to kill terrorists without putting american lives at risk. i mean, it's perfect. >> mark, this is the odd part about the brennan story. i praise brennan for this drone thing and praise president obama for this drone thing. but the o

and john brennan for director of the central intelligence agency. chuck hagel is the leader that our troops deserve. he is an american patriot. he enlisted in the army and volunteered for vietnam. as a young private and then sergeant, he served with honor along side his own brother. when chuck was hit by shrapnel, his brother saved him. when his brother was injured bay mine, chuck risked his life to pull him to safety. to this day, chuck bears the scars and shrapnel from battles he fought in our name. chuck hagel's leadership of our military would be historic. he would be the first person of enlisted rank to serve as secretary of defense. one of the few secretaries who have been wounded in war. and the first vietnam veteran to lead the department. as i saw during our visits together to afghanistan and iraq, in chuck hagel our troops see a decorated combat veteran of character and strength. they see one of their own. chuck's a champion of our troops and our veterans and our military families pch as a leader of the v.a., we thought to give our veteran

morgan brennan has more from the kennedy space center in florida. morgan >> reporter: i couldn't have said it better myself, jon in the '60s and '70s, there was apollo today, it's artemus. this is wildly ambitious, to put a man or a woman on the surface of the moon in the next five years. establish the moon as a way station to go to mars and for other deep space exploration so one of the companies that was working on apollo 50 years ago and is here already working on artemus today is boeing. it's building nasa's super powerful space launch system or sls rocket >> we have that ability to do the large scale thinking and the large-scale integration. i think that's going to be key when we start getting even more complex missions for artemus and start putting all of those major pieces together that somebody has to oversee and make sure they all work well together. >> reporter: so boeing along with north american aviation and douglas aircraft were really the biggest contractors on the sat turn 5 rocket that took humans to the moon for the first time since

i am carl quintanilla with jon fortt, morgan brennan is live at the last surviving tank factory. morgue from morgan in a moment >>> we begin with a developing story. amazon founder jeff bezos going on the offensive, accusing publisher of "national enquirer" of blackmail he says the lawyer threatened to post sexual pictures he texted to his girlfriend in exchange for a public statement that the tabloid coverage of bezos was not politically motivated. bezos claims the "national enquirer" owner, american media, wanted him to drop an investigation into how the publication obtained text messages exposing his extramarital affair. american media issued a response, says it supports the enquirer investigation into bezos, but in light of allegations, its board convened and will thoroughly investigate the claims joining us, recode editor at large and cnbc contributor kara swisher. good morning >> yeah. >> it is called a bombshell today, that almost understates it >> yeah. >> what do you think is important to know about it, day one of this? >> first of all it is interesting that he did it we

morgan brennan live in dallas at the great american trucking show with the preview. morgan. >> reporter: hey, michelle. that's right. so we've got new technologies coming in to big rigs like this one all the way down to the engines. this is an x-15 from cummins. we're going to go inside the truck of the future when "power lunch" returns. ay azing is movg li one. real is an al rescue.is closos amg otwenty-seven thousand othem there's only onece whe re and azingive.

let's head up to the midtown exchange and check in with morgan brennan. >> the nasdaq quickly coming off those earlier intraday record high. we've seen right now coming into the close it's poised to close in the red slightly lower, about 0.1%. that being said, the nasdaq is on track to end the week about 1.7%, outperforming both the dow and the s&p and the big bright spot here has been chitmakers this week. you have the stock sem se conductor etf on track to close the week up more than 4% thap that's thanks in part to upbeat earnings including nvidia and applied materials. you can't talk about that and not talk about mega cap tech. a big sell-off in these names last week and the first part of this week. analysts saying maybe that sell-off was overblown.

this is about former cia director john brennan. the white house says it is about protecting classified information. many believe it is payback. >> reporter: on wednesday president trump revoked the security clearance of former cia director john brennan, pointing to erratic behavior and criticism of the president >> mr. brennan has a history that calls into question i had objectivity and credibility. to make a series of unfounded and outrageous allegations, wild outbursts on the internet and television about this administration. >> reporter: others are warned that they are under review and their clearance could be yanked as well. a brennan fired back on twitter suggesting this is an effort by the president to suppress free speech and that americans should be worried >> i've seen this type of behavior and actions on the part of foreign tyrants and despites and autocrats for many, many years during my cia and national security career. i never thought that i would see it here in the united states >> reporter: on capitol hill mixed reac

i'm morgan brennan more records set here on wall street today the dow popping 200 points to a fresh high the nasdaq is pulling back again today. >> very good afternoon i'm wilfred frost. let's look at what's driving the action the latest read on consumer prices showed a jump of half a percent which was larger in line with expectations. more inflation up 4.3% decelerating slightly from june. caterpillar, home depot and honeywell are helping boost the

i am carly fiorina with morgan brennan and jon fortt at the post 9 of the stock exchange facebook following another key executive departure, heightened scrutiny from the attorneys general. facebook, google, twitter are on the side of the radical left democrats. fear not, we will win anyway just like we did before, #maga they focused on the two day policy meeting with the fed. the dow looking to cap off the longest win streak since january. joining us, christopher aleman chris, good to see you thanks for joining us from across the pond. before we get into specific names, i wonder what you make of the chase that we have seen since january 4th, and the idea that people are feeling left behind in the market >> well, they're feeling left

here's cnbc's morgan brennan >> reporter: since its invasion of ukraine began, russia has fired more than 1,000 missiles, a war of projectiles that has experts concerned. >> what you're seeing here with ukraine and with the conversations about china and taiwan, what you're seeing is a recognition that we really do need to adapt our missile defense posture and so as we think about the realignment of a national defense strategy of the past five years or so to great power competition, hypersonic missiles at the center. >> reporter: traveling five times the speed of sound, next generation vehicles highly moveable and potentially able to avoid radar systems. russia and china already have them but the u.s. which first worked on the technology decades ago before funding was pulled is behind. >> we're working on hypersonics have a number of programs. it's important to remember china and the united states don't have the same military problem, they've been focusing on hypersonics because of the targets we present to them, they present different than us so our weapons won't be the same as their

morgan brennan has the details. morgan? >> melissa, the fresh market moving higher in after hours trading. earnings that beat consensus analyst estimates. revenue in below expectations. fresh market announcing it will shudder operations in california to focus on other higher growth opportunities. that's sending shares of the stock up about 3% right now in after hours. back over to you. >> thank you, morgan. i would think that california would be a great business -- >> it's a fresh state. it's got the fresh prince of bel-air, too, for that matter. anyway, if you look at the stock, though, what's interesting the reaction in the posterin post earnings is the stock was trapped between $37 and $41. growing margins when the company has been making investments and that's what the street looks like. >> whole foods or hane? >> hane. inwin has been on the show a dozen times. every time he's on, we have to stay, buy the stock. continues to make-talk highs. if you play the game with me, hane. >>> biotech segment, shock therapy. shares

i'm morgan brennan. giving you more breaking news in regards too the microsoft event here in san francisco. we know we just learned from this event that office for ipad will become available in the next 35 minutes for consumers to download. a little more information on that. we are hearing that this will be a freemium, download for free and have editing capabilities stlad on a laptop. important because analysts wondered how they would put the business model together, and what that means for revenue impact in the future moving forward. tyler and sue, back to you. >> morgan, thank you. >>> international dating scans, a billion dollar enter surprise. you'll never guess the twist. andrea day. >> reporter: we've all heard about online dating scams where cyber criminals hook in lonely women and take their cash. but what happens when the victim decides to work for the other side? just listen to this. it's an international scam to swindle lonely women. >> this is over a $1 billion a year industry. >> reporter: n

. >> i'm morgan brennan in for sara eisen >> good morning. let's get straight to the market picture. resounding performance yesterday. the dow and s&p up 1%. the nasdaq up by a half percent. banks really soaring, sort of perfect storm for them yesterday. the new fed chair talking about raising interest rates, also talking about not increasing bank regulation, reforming the volcker rule and progress on tax reform banks disproportionately pay full tax rates, that's why the russell soared 1.5%. >> transports, too >> transports as well. good day across the board for risk assets. it's good for the dow, good for the s&p, up 48 points or so on the dow. the nasdaq is just south of the flat line, down 6 points bitcoin surging to a new record high, above $10,000 over night it surged as much as 4.4% earlier, now 8%. so it's 10,700 in asian trading hours. it's capped more than ten fold increase now this calendar year. extraordinary run continuing up 9% 10678 9%, 10,700 almost 11,000. >> i wonder how much you can buy with bitcoin when it's priced at $10,7

down to morgan brennan in hun s huntsville, alabama. >> reporter: thank you it is 10:00 a.m. in rocket city usa, huntsville, alabama, 11:00 a.m. on wall street. and "squawk alley" is live ♪ ♪ ♪ ♪ >>> good tuesday morning welcome to "squawk alley." i am carl quintanilla with leslie picker, mike santoli at post nine of the new york stock exchange jon fortt is on assignment, morgan brennan is in huntsville. the resurgence of rocket city, usa. morgan >> reporter: hey, carl, that's right. with a population of fewer than half a million residents in huntsville, alabama, one could be forgiven if they don't realize how significant this area has been to modern american history. before the 1950s, it was watercress capital of the world. the army moved a ballistic missile program here in the 1950s, into the 1960s. nasa was established the marshall space flight center, began to develop rockets for major space programs like apollo, and that legacy has continued all the way into today. there's something like 400 aerospace and defense companies operating in the huntsville, alabama are

that's put the state of the stock's dividend into question will they announce a cut morgan brennan is in the newsroom morgan >> reporter: melissa, that's the biggest question on wall street. that's the one they want answered will ge cut the dividend john flannery himself called the cash flow, quote, horrible after last month's earnings, the expectation is increasingly that it will. to put that potential scenario in perspective, the last time ge cut was in 2009 during the recession. the only other time since 1899, this would be a big deal flannery is looking to cut $3 billion in costs through 2018. will that target get more aggressive as more layoffs seem to be coming according to reuters, layoffs in ge digital today what would comprise flannery's pledge of $20 billion in divestiture? transportation health care? lighting baker hughes these are some of the companies that have been tossed around in speculation. lastly, in light of all of this, what's the new profit guidance ge still technically has a $2 per share target for 2018. it's outdated. analysts have disregarded that for months n

. >> i'm morgan brennan in for sara eisen might be a holiday week but it's felt busy and long right? >> four long days because they have been action packed as will the next couple of hours be. >> yes we pick it up there. the federal reserve releasing the monetary policy today. we'll break it down. >>> president trump meeting with the vice premier of china right now. we have got the headlines that are moving the markets from that full playback, as well, in moments of what they have been saying to each other but what does it mean for the markets? for the moment, the middle of the range up about a third of 1% the high of the dow for the day 202. the low up 55. currently up about 100 points and those are similar returns for the week, as well. we were sort of flat coming into the day for the week and should end the week in positive territory. >> both the dow and the nasdaq on pace for the ninth straight weekly gains which is really saying something when you think about how rocky it was in december, the beginning of december. >> the final week of last year and all eight weeks so far of 201

i'm wilfred frost and i'm morgan brennan. we'll break its latest comments and get comment reaction from former fed governor mishkin. >> and jp morgan's joyce chang joins us nasdaq is slightly in the red. that dip an hour ago wasn't so much off the fed minutes but rather due to that brief headline about possible tariffs on the eu. we shrugged that off again and are not too far off the highs of the session. sara has an interview with the ceo of kimberly clark in ten, 15 minutes time sara >> good afternoon, wilfred and morgan yes, i'm here in dallas. kimberly clark is hosting a leadership meeting and the brand new ceo will open up to us exclusively his first interview since becoming ceo we'll talk about everything from the brands like kleenex and huggies diapers, which ones need a turn around and what's really going on with pricing as far as what's being passed on to the u.s. consumer and inflation, macroeconomic environment and a lot more i'll see you in a few moments. >> we are looking forward to it, sara, thank you. we'll see

i'm morgan brennan. check out underarmour. increasing its price target to $65 from $50, citing recent surveys that show its dominance with younger consumers and women is growing. the stock currently trading up about 1.6%. sue, back to you. >> morgan, thanks. >>> let's check the bond market following europe's big move this morning by mr. draghi. rick santelli at the cme for us and the euro moving as well. ricky, over to you. >> well, sue, the markets really speak for themselves. if you look at intraday of 10s, we're now at the low yield as if they waited for us to do our spot on "power lunch," we sit at 2.57. and this is a remarkably important spot. and we are now three basis points lower on the day. look at a boon, its three basis points lower on the day. if you look at the chart opened up to the end of january for our ten-year, the reason 2.57's so important, i've talked about it a lot, it's a key technical level from february 3rd. it was when we settled below that several weeks ago that we had most of the big buying that pus

i'm morgan brennan along with dominic chu. let's get you up to speed on market action starting in the u.s. with equity futures as you can see we are indicated to hope popen positive this morg the dow jones is up 1 12 futures up 112 above fair value. s&p 500 up 8.5 nasdaq up nearly 30 points here with the futures above fair value. apple earnings after the bell and a see of other earnings this morning. all of this after the indexes closed higher for the month of july turning to oil, also green arrows wti crude is trading above $50 50.36 a barrel ice brent at 52.84 and rbog gas is trading higher >> a new report out overnight puts staggering new numbers on brexit's impact on the banks so the headline here, britain could lose up to 40,000 investment banking related jobs after brexit is said and done. let's bring in martin arnold, banking editor for "the financial times. the study puts a fine point and some serious numbers behind it how big of an impact could it be is it just the jobs or elsewhere in the financial markets >> it's re

, the president saying that brennan had disgraced himself, retweeting comments that had referred to brennan as a disgrace, cia as a disgraced institution that has lost the faith of the american people and raising questions about whether or not the cia had been unfairly politicized under the previous administration this is a president who has been extremely critical of these intelligence agencies, even as he's taking steps to put his own stamp on them and his own people in charge. mike pompeo, former director of the cia, now secretary of state participating in this. warm relations with the cia even on a day where he is bashing publicly some of gina haspel's predecessors. >> eamon javers, thank you very much for that. dow up 351 352 now. nearly every component is in the green on those trade deadlines it is a little after 8:00 a.m. in mountainview, california, and it is 11:00 a.m. on wall street and "squawk alley" is love ♪ your love is lifting me highe than i've ever been lifted before ♪ ♪ so keep it up quench my desire and i'll be at your side forever more ♪ ♪ you know your love yo

. >>> to morgan brennan for a "market flash." >> check out quaalcomm. the stock moving lower after the mobile chip maker gave a conservative five-year outlook as it faces an anti-trust probe in china and more consumers buying lower priced smart phones. the stock trading down about 1.6%. quaalcomm ceo steve mollenkopf will be live on "closing bell." >>> target shares moving up at this hour. the retailer reporting a surprise rise in third quarter profit beating estimates. right now the stock up a big 4.62 a share. that is almost 7%. it has been nearly a year since a compromise in a massive data breach. how is the retail giant doing since then? courtney reagan joins us from minneapolis. >> reporter: that's right. it's a big day for target and a big day for ceo brian cornell. today marks his 99th day as ceo. the company is earn itting in a very strong third quarter earnings report beating earns and topping revenues. not everything was as good as target had hoped. target canada remains an issue that ceo is watching closely particularly this holiday season. t

>> morgan, thank you morgan brennan in the newsroom >>> dan is actually making a call on ge into the event. why don't you head over to the plasma. >> i will head over to the plasma here's the thing morgan brennan did a nice job describing what went on or what has been going on. with ge. >> you okay, guy >> i'm all right. >> massively under performed its industrial peers over the last couple years here. then all of a sudden things have gotten confused. there's been management changes and a lot of uncertainty about what that earnings power is going to be. what this company is, this big conglomerate, how do you value all the pieces of it to me, november 13th, that's monday you have this event. john flannery seems to be the right guy to kind of re-right this ship here it could be a little messy in the near term. that's why i think it makes sense to be contrarian using options defining your risk here's a five year chart of ge it's pretty much a disaster here one thing i think is pretty interesting. this is the flash fast crash in august of 2015 look where the stock seemed to have stopped

you're also helping to save lives, so that makes it a great thing. >> for "on the money," i'm morgan brennan. >> the crazy vehicle bhinld him is called the dominator. et costs more than $100,000. it's customized and anchored to withstand high winds that's the show, everybody i'm becomy quick thanks for joining us. >>> neck week meet the 16-year-old entrepreneur that has found the sweet spot for success. hint int keep it right here and we'll see you next weekend on "on the money. >>> we're live at the nasdaq market site on a steamy summer friday the guys are behind me in the meantime, here's what's coming up on the big show. >> what's that >> antidote. >> to what >> the poison you just drank ♪ >> chinese internet stocks have gotten crushed, but dan nathan says one looks ready to buy heading into next week he'll give you the name and tell you how to profit. >>> plus, oil is in a correction and the chart master says it's about to really roll over. he will give you the setup >>> and how would you like to

melissa, back to you. >> thanks, morgan brennan. of course the instrument could be attracting more investors these days. >> it is. >> down the line. >> i think with secaesars it's traded roughly from 12, a spike up to 16. i think some of this news will give it another room to rally. i don't think it's based upon anything other than they're doing in vegas and macamacau. though the stock has been horrible from 25 to 12, to your point, even if its engineered, the stock probably has more room to run on the up side. >> do you wonder when they're all trying to spin out these reits, what does that tell you? >> if the real estate is the most valuable asset, what is left? >> does it have any more room? >> okay. time for today's "a" game when we look at some alternative strategies. >> and continuing higher after the release of october's fed minutes. could that big rally soon be coming to an end? let's bring in -- mark chandler. mark, great to see you. >> thanks a lot, melissa. how can it come to an end if the u.s. is the best house in a lousy

morgan brennan, thank you. we appreciate it. >>> now, they've been ceiling legal recreational pot in colorado for about a week now. they wi they tell me business is booming. jane wells in colorado has the details and a look where the money is coming from and where it's going to. that's up next on kudlow. so ally bank really has no hidden fees on savings accounts? that's right, no hidden fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. and shift through all eight speeds of a transmission connected to more standard horsepower than its german competitors. and that is the moment that driving the lexus gs will shift your perception. this is the pursuit of perfection. >>> the first week of legal pot head use, sales generating huge tax sales for the state. jane wells is colorado. good evening, jane. >> reporter: hey, l

i'm morgan brennan. a chain has started charging customers extra to cover costs related to obama care. at least eight dock side restaurants are tacking on 8% to checks. the sign on the door says costs related to obama care could cost them to shut down restaurants. it expects to bring in $167,000 a year, a third of additional cost to provide full time workers with health insurance. larry, back to you. >> we appreciate that. >>> a new new york times poll says president barack obama 's approval is down to 41%. i believe that's the second lowest ever. 51% disapproval. clearly obama care is killing them. i think his negative coattails are going to drag the democrats down in november. 6% say the law is working well. that's all you got out of that. here now is former obama campaign aid, terry jeffrey, editor and chief, dr. scott gotley with us. let me finish off the 6% in the cbs poll, new york times. not exactly a far right gang. is obama care working well? 6%. now good things but changes needed, 50%. people t

morgan brennan is at the international astronautical congress more from morgan and amazon's jeff bezos in a moment >> we'll begin with wework softbank plans to take control of that company valuing it between 7.5 billion and $8 billion. a huge drop from where it was valued, also cutting adam newman's stake down to double digits good morning to our guests >> good morning. >> mike, i know that you're f m familiar with softbank, softbank a big investor in uber why is softbank doing this with wework is this an existential moment for them are they at risk of this investment taking them under >> this is a real crisis for softba softbank the story the past few years is uber is a huge high point or low point, and wework and how they valued the company, but soft bank, a huge vision bank came flooding in giving companies that arguably shouldn't have been propped up more runway and a longer time to survive and vcs out here say this is distorting the economics of how the values should work the companies that are supposed to die out are not dying out because they have so much money coming back into

i'm wilfred frost alongside morgan brennan who is in for sara today. good morning. >> good morning. >> good to have you with us. let's check in on the global market action. yesterday 0.9% declines for u.s. markets. 10 out of 11 s&p sectors in negative territories. banks the worst performers. we were expecting a bounce this morning still are but less than one. the dow expected to open only 23 points higher. s&p four, nasdaq ten. europe has sold off in the last hour. it was mixed to higher. it's now red as you can see. germany off as much as 1% following big declines yesterday in new york particularly for germany, particularly for the banks, deutsch bank in the eye of this storm. asian trade held on to gains before we started to see this slip in moves in the last couple of hours and that's why we're looking at about a percent of gains for hong kong and japan overnight. part of the reason for that was positivity and how the debate went. we'll analyze whether that reaction was overdone. part of the reason we've seen markets slip is oil prices they were sof

. >> i'm morgan brennan in for sara eisen. >> good morning. happy holidays. >> happy holidays indeed getting closer to christmas morning. that's trading on the markets. we'll come in in a moment. travel alert things slowly starting to come back online at atlanta's heartsville jackson. more than 1,000 flights were delayed or canceled. the timing couldn't be worse we'll have more on that in just a moment >>> first, let's get a check on the global markets this morning. we've got green arrows really across the board as u.s. equity futures point to a higher open dow futures are up by triple digits right now indicating an open at 138 points higher. s&p 500 futures poised to open 14 points higher the nasdaq poised to open 51 points higher. this, of course, after record closes for all three of those indexes on friday as everybody is sort of focusing on tax reform and whether lawmakers will pass that through before christmas this week. >> absolutely right. friday's section slightly flat on the week as a whole up over 1% the s&p is up less than 1% so th

morgan brennan, thank you very much. jon najarian, any trade from what we heard from dom or morgan. >> still like [ inaudible ]. another 52-week high without the interest rates moving higher this year and nothing but billion dollar fines everywhere, xlf to outperform next year. >> 10% last week, misunderstood, he said 2015, with 1999. that's not meaning calling a top order, meaning he's looking for a positive market. nasdaq was up 84% in 1999. let's not talk about the following three years. russell up 19%, s&p up 19%. why? u.s. growth was exploding. that's what we're going to see and why the russell does well. >> and i heard what you say and i agree with you, misinterpreted by some, they took the headline without understanding the nuance. valuation was also a big part of his thesis, all stocks fairly valued here, 99, 30, 40 times forward earnings was hard to argue fair value then. >> first of all, that was leading to 2000 when valuations come. you have to be careful about citing p/es. what drives markets are earnings not

leslie picker, morgan brennan and contessa brewer. it's me, dom in the outnumbered spot today >> and on the other side of the table. >> this is going to be great so first up, ladies, uber shares are sinking today following a big miss on estimates for the second quarter ceo dara khosrowshahi joins squawk on the street earlier today and said the sell-off in shares is just a case of investors misunderstanding the company. >> i think we've got to do a better job in terms of telling our story to the markets i think that the company's executing very, very well. somehow it's not getting through the noise. >> all right so the noise the company reported a loss of $5.2 billion for the quarter only three companies in the entire s&p 500 lost that much money in all of last year. leslie, this was supposed to be the standard bearer of ipos. >> i don't think there's anything to misunderstand about $5 billion losses. i think that is very clear to the market what that means >> in a qualification by the way. >> in a quarter. it also represents two-third

that stock is actually popping, up about 10.5% in extended trading. >> thanks, morgan brennan. down 27% or so since the month of august. time to -- what do you think? >> basically in the after market, it's given up what it made today. so not a big deal, right? it's not a huge one from 110 down to levels we're seeing now. it's market cap $42 billion. i would own -- just given what's going on in the space, it's not out of the realm of pocket that one of these giant guys -- you know, it's an interesting company. it's crazy because it would be north of a $50 billion deal. it's not out of the realm of possibility. i think if it holds basically $80, it's worth it. >> you think there's an appetite because all these companies are cutting cap ex? >> yes. i do. because this might be the one opportunity that a couple of these guys and gals get to look at a company like this. >> the industry's biggest names. sun power, trina solar surging today. a number of factors behind them, president obama calling for permanently extending the solar tax credit. china is planning to boost the solar powe

morgan brennan, thank you. we'll wait to hear any updates from you as nbc confirms them from new york. >> absolutely right. >>> we'll switch focus back to markets and look at what is happening around the rest of the world. europe is higher. last week there was a lot of volatility in u.s. markets. so they ended flat to higher. that wasn't the case in europe where we did see markets decline. and that's why we're seeing europe higher at the moment today. decently higher as well, europe up over 1%. fuch futures are higher at 0.6%. particularly the likes of the ftse 100 up 1.5%. asia, let's have a look at that. the japanese market is closed again in hong kong on the back end of last week. higher as you can see this morning, hong kong and shanghai to the tune of 0.9% for hong kong that lies in asia on the back of bank of japan's meeting this week. >>> and after a sell-off last week, among the reasons cited here for the 1.4% rise in wti. venezuela's president said to next and non-opec producers are close to reaching t

>> hadley, it's morgan brennan. you mentioned the shale producers here in the u.s., what is the talk about the shale producers here in the u.s.? just in the last couple of weeks we have seen the rate count here tick up. is that considered the biggest wild card here in conversations? >> reporter: oh, absolutely. i think that certainly for saudi arabia, this is not just a question about whether or not they can say mission accomplished, declare victory, at what point are they going to say enough is enough? they have to also worry about what is happening at home. while the sovereign seems to be doing well, when you talk to analysts, they are confident about saudi arabia's ability to continue to pay for their economy, it is not really a reflection of the really economy in saudi arabia because this doesn't depend on their taxpayers. and the private sector, not just in saudi arabia but in the eu are really hurting from the trickle down of the oil prices. so the question is whether or not they start to listen to folks back

morgan brennan at the nasdaq. opening weekend online and in select theaters for the motion picture "the interview." did anyone watch it? jane wells has the story coming up. >> i'm busy watching it on youtube on my android phone. we want to hear from you. this was a legal purchase. there were plenty of illegal ones. do you think sony made the right move by releasing the movie online? go to cnbc.com/vote and weigh in. "power lunch" is back in two. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ the evolution of luxury continues. the next generation 2015 escalade. >>> welcome back to "power lunch." we have seen the lowest levels of 2014. $52.90, a low so far in trading for crude oil up off the lows still down by about 2.5%. ice brent crude futures off by almost 3%. also interesting because we have the latest update to baker hughes rate account information, the number of active oil operating in north america. saying the u.s. rig count has fallen. also the canadian rig count is down 135 rigs to 256 active oil and gas rigs. it

morgan brennan >> yes, one ms. morgan brennan >>> next up -- >> we're still off the rails, right? >>> impossible foods is launching a new funding route. they're seeking a possible valuation of $5 billion. they reached $2 billion back in may. in order to reach that current valuation, impossible sneeze to raise about $400 million for this round the news helping on the rival beyond immediate is the hype as fake as the protein? >> i think it's interesting we saw what impossible did for burger king. a lot of people thought the miss -- and one of the reason they thought it was lower than expected is because they didn't have a plant-based alternative meat it would bless interesting to see, this talks about a -- how it trades in tandem with beyond meat it would be interesting to see if they live up to the right this market is going larger and larger you have to be in the game. >> but they better hurry, has anybody looked at beyond meat lately it was the hottest ipo so far and it's coming back to earth. >> which is still not bad. >> realie is setting in. >> here's the question we don't ask

morgan brennan is with us from a harley-davidson plant in kansas city a lot more from morgan later this hour. first up, though, this morning the trump white house announcing a pivot in its approach to restricting chinese investments in the united states our kayla tausche is in washington with all the details. hey, kayla. >> hey, carl the administration decided to forgo investment restrictions targeted specifically at c, which the president directed treasury to study in march but instead it will lean on an expansion of treasuries existing authority to review foreign transactions that may pose a national security risk there is bipartisan legislation moving to do just that and a version passed the house yesterday 400-2. the decision removes a tool the president and hardline advisors sought out in dealing with china and the treasure secretary argued on cnbc that unlike investment restrictions which would have taken time to craft and implement this approach creates more clarity. >> this doesn't create more uncertainty. again, we will publish regulations, we will provide clarity. we're clear

and i think that new leadership, we can see this put to bed finally. >> brennan, obviously you think your index or etf is the best way for people to have that chinese exposure if they want to get it we just showed the year-to-date chart as well. i just want to enter a point you made because you endorsed the idea of holding a basket of chinese companies as opposed to any individual need. even for a basket, what would you say is the biggest risk out there for investors thinking after today maybe they don't want an individual name but a broad exposure route is still the best way to go >> just let me clarify i don't think an individual -- an individual name is veryrisk ki because the more prominent it is, the more likely it is to be a target for chinese regulators. what i said fundamentals are unchanged. i think the reason to look at chinese companies is where do you see growth in china. some people come on here and tell you china is booming everywhere that's false that's simply untrue there are sectors in china that are doing well so, if you're betting medium term or long term and you s

morgan brennan has our cover story. ♪ >> reporter: it's 9:00 on a saturday night and we're riding along with miami beach cod compliance on the lookout for illegal short-term rentals. >> what are you looking forward tonight? >> hopefully establish contact if its occupied and determine what is the violation. >> reporter: code compliance officers have seen it all. this officer, large, late-night parties in residential neighborhoods. scantily clad women and short-term rental complains. >> miami beach code clines. >> reporter: and unwitting tourists who say they unknowingly booked them in these areas. >> this is messed up. >> reporter: all captured on camera videos recorded over the past two years. >> hello >> reporter: some so blatant, what to do if someone asks told to lie saying they're a friend and don't mention they rent this place. >> you're not allows to rent this house for less than six months and one day. >> everybody needs to leave. >> this party needs to clear out. >> reporter: and a loud party in california, in the san francisco bay area, shots rang out [ gunshots ] guests seen o

morgan brennan where do you go in industrials because you're a value kind of guy. is ge the kind of value that all of us don't see except maybe you do because you're a value kind of guy >> unfortunately it's a value trap, and it is for i think the next year. it's -- look, the new ceo is doing what he has to do. it's just simply that this takes time to turn around, so i don't think that there's any rush to get in that name let me be clear. i'm not saying it's going in the dust bin of history but there's really no rush to get in there let's talk about it this time next year. >> i put it on the pad for a purchase at 13 it's a $13 stock trading at 17, a very expensive stock. >> i also anticipate by june they will cut the dividend yet again. >> estimates are about a dollar for the year. >> $2 at this time last year. >> yeah. >> now they are a dollar and they are also a dollar for the year after, so for the next two years you get no growth. why am i playing 17 plus p-for a stock not growing at all that has major issues in terms of liabilities like pension, et cetera, and

i'm morgan brennan. check out a couple cybersecurity stocks, both trading higher. we begin with palo alto networks, in talks to buy an israeli security firm for between $100 million and $150 million. separately, fireeye moving higher after wells fargo began coverage with an outperform rating and a price target between $83 and $87 a share, calling the company a quote, once in a decade opportunity. sue, back to you. >> thank you very much. >>> going public is hot. volatility or not, 2014 is off to a record start for companies listing on u.s. exchanges. seema mody is on the case for us. >> the recent volatility in the stock market is not slowing ipo activity. so far this year, 28 companies have gone public, raising $6.8 billion. that data according to d-logic. that's the best start to a year since 2000. almost half those ipos have been in health care, specifically biotech. analysts say the outperformance of the sector is a reason more biotech companies are going public. even though the market is down about

for on the money, i'm morgan brennan. >> chilling stuff. lax's security budget is more than $200 million funded mostly through airport fees up next we're on the money remember these vans, they're making a come back but with a modern twist and changing oil into stereotypes how one woman is looking to shake up the auto repair shop. it's great when you see a hundred orders come in, a hundred orders come in, but then you realize i've got a hundred orders i have to ship out. shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everything's pretty much done. it's so much easier so now, we're ready, bring on t. shipstation. the number one ch of online sellers. go to shipstation.com/tv and get two months free. or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data.

thank you rk, morgan brennan. the ceo talking about having to increase spending and advertising in order to compete. so spending is going up. >> look at the stock, though. the stock has been on a tear. a huge move. it's probably almost tripled over the last couple years. so what does it mean? when you trade at 40 times earningsish and lower full-year guidance that much, i think this is the right move in the after market there is going to be an opportunity to buy the stock. they're no one-day events. but if this thing can sift back down to the 250 level which we topped out at 2013, that's where you gobble it up. >> all right. jpmorgan jumping higher as it delivered some good news on investor day. that kickses off our top trades tonight. the big bank announcing a plan to save $1.4 billion this year. plus it defended its large size and says it plans to keep its current business model. so no split, karen. >> no split. i love that. that's like victoria secret video to me, walking around. to boil down the entire investo

our morgan brennan gives us a look at the high-tech complex and how it handles the surge this time of year. >> reporter: after dark, this is the busiest airport in the world. and during the peak holiday season, it gets even busier. 160 fedex planes land here at the global hub each night, carrying 2 million express pack annuals destined for door steps. >> the planning process started literally as soon as we were done. now we are headed into our superbowl. that's what this is. >> reporter: between thanksgiving and christmas eve, fedex expects to handle more than 355 million packages. many will pass through here, along 42 miles of conveyor belts in what could be known as the matrix. leading up to christmas, they will operate around the clock with longer store times and even more planes coming through, as last minute online shopping spike and with it demand for express service. will it be enough to get pack annuals delivered on time and without company costs climbing? that's a challenge that has plagued both fedex and larger rival ups in recent years, hoping fuel a fierce competition for

morgan brennan in curbing. cate kelly following chesapeake's ceo aubrey mcclendon. >> considered one of the industry best asset pickers with one of its appetites for leverage as well and hoping to be one of the lucky few who can continue raising mun at a time of sub50 oil and $3 gas. since starting his company in 2013 he has raised $15 billion from big names like energy and mineral group and blackstone's capital unit and now at it again with creative financing ideas in mind including buying assets in california, $200 million special purpose financing vehicle or some sort of permanent capital to be funded perhaps by retail investors. but in an indication of the market's bonds tied to aep projects trading for the most part poorly at the moment with prices ranging from 60 cents on the dollar to mid-80s in better cases. a recent lawsuit filed against aep by chesapeake which accuses mcclendon of stealing trade secrets a charge he denies, has also created a snag. among other things, scott, it prompted citigroup to ba

morgan brennan has more at the nasdaq. that is a huge milestone if we can get it. >> it certainly is. don't expect it today. the nasdaq is moving lower. we are down about 32 points to 4,774 down about 0.7% right now. this is on relatively light volume because of the holiday. we are on track for a 14 plus percent gain this year. that's trumped only by one other index, the nasdaq up about 19% for the year. taking a look both tech and health care have outperformed this year. two of the top three sectors in the s&p in terms of industries. semi conducters have had a big run in 2014. the stocks is up 30% led by sky works solutions and micron. bio tech done even better. the ibb topped about 35% for the year. all the large cap bio tech names down by double digit percentages. the biggest movers here juno therapeutics. and a mover to the upside, american realty capital gaining about 6% after activist fund management disclosed a stake in the real estate investment trust. taking one last look at the nasdaq down about 0.7%. back to you

morgan, glad you are there cool stuff morgan brennan, van horn, texas. morgan, thank you. >>> now back to the markets and your money yesterday's huge drop an cont attributed everywhere. the delta variant may be the reason you have to focus on the stock market structure the underlying pistons that run the engine, if you will. we have chris murphy joining us. covid concerns, delta variants it is a threat and a concern as you noted, this market, for years, is the cycle. buy equity sell volatility. buy equity sell volatility. once that pattern ends, you get the steep dropoffs what happened yesterday? >> brian, thanks for having me yesterday, we started to see a little unwind in positioning you hear about you explained with volatility and short strategy and targeting the market grinds higher sell more. buy more we started to see that unwind yesterday in the option posit positioning. i would note one thing we will look for on days of stress and say things have unwound a little bit is the vix term structure inverting. that is a sign of a lot of risk and panic a