The Halftime Report starts right now. Welcome, everybody. Its great to have you with us on this tuesday. We have a spectacular Investment Committee today as well. Yeah joe taranova, john and pete, kevin oleary, cnbc contributor, guitar player and youtube chef star well get to that in a minute. Bryn talkington from requisite Capital Management and Jeff Killburg of cck financial. Thank you very much. All right. Let us start now with the financials i think this is one of the sectors with Interest Rate moves and their relative importance in the markets, have you been happy with the numbers goldman, jpms you have seen very happy. Im long jpmorgan, citi, results from the financial everyone on the desk has done a fantastic job about talking about the potential opportunities. Pete and john had unusual activity in the last two weeks or so in the financials. Listen, if you could finally get kevin disagrees, but if you could get the financials to participate in a market that looks like its not providing you much alpha opportunity you have the potential source that you never really factored in coming into 2019 am i fully confident in their ability that theyre going to participate in the rally no im suspicious i own them im encouraged by what i saw today, especially from jpmorgan and Goldman Sachs and from jamie dimon talking about how the consumer is on fire. Im so happy i have been underweight financials for two years. People buy financials because of a reaction they have to own the sector the reflex reaction. The truth is the Balance Sheets of these entities have been deteriorating for years. The return on assets is punk, miserable. These things trailed the s p and will continue to its simple. The financials today arent the financials of yesteyear. Their margins are terrible their loan books are flat. These poor guys are always going to trail you should avoid them like the plague okay. You said a lot as you always do. Lets unpack that. Sure. Is the fact that the banks arent the banks of old i. E. Basically hedge funds that no one knew what they were doing inside a boring lending business, maybe thats a good thing. The earnings may not be as boisterous, big sometimes. But havent we derisked enough, kevin, where they are worth some money . Look. All theyre worth is utility as a financial infrastructure service. You make the 2. 2 defensiividen. Youre going nowhere i get beaten up for talking about financials this way. Some of my closest friends work there. Im glad i dont own your stock. Well get emails in a minute. You see the bottom of the cnbc screen the president making comments about trade saying we are a long way toward a trade deal with china or far from it in other words, there is a long way to go. Stocks weakening just a little bit. Every time you think we are getting closer on trades, positive comments at the g20 meeting, now we get a headline with trump saying, maybe were not close. But the market not reacting as much as we might think does that give you optimism . Im optimistic regardless what we looked at yesterday was the slowest growth in china in 27 years they can talk about a hundred years and how its always looking out past this generation and the next generation. Xi jinping is smart and hes not going to let it just go away 6. 2 growth yes, lowest in 27 years. Wed kill to have 6. 2 growth. Are you surprised the markets arent reacting more strongly . Look at another headline we can put tariffs on another 325 billion in goods. We have heard it before. Hes been threatening it for a year are you surprised the market isnt reacting this is part of the art of the deal the market has digested that we think well get a trade negotiation, hopefully i. P. Protection by 2020 i dont think there is an incentive on either side whether its trump or china. We could start getting meaningful negotiations. They call you or your team and say, im worried about the trade war. Markets were off 9 in december that was more discussion of whats happening at the fed. Whats happening with earnings were confident this will be resolved for before the election. We talked about the u. S. Dollar you can talk about the banks and other sectors. Why i like emerging markets, india, we see the Federal Reserve all coming together in conjunction, debasing the u. S. Dollar that stagnant dollar will help international markets. I have to tell you, im here listening. One thing that drew me back in was kevin talking about the banks. You realize for instance citi is up 37 jpmorgan up 17. Would you rather own s p and not have banks you would outperform by 17 . If you had banks and youre trading them, fortunate to be trading them hold on, guys i want to combine the two worlds Bank Earnings and the headlines. Cycle it in. In many ways are the Goldman Sachs, jpms immune from trade . Do they care i dont believe they are immune theyre going to see a cascading effect from the consumer if it can hurt the consumer, absolutely thats what jamie dimon talked about today. He was call your attention in 2007 now hes enthusiastic about whats going on with consumers. Okay. We have the two headlines. Thats all kayla has more in d. C. Where are the comments coming from the president is holding a Cabinet Meeting this morning according to reporters who are in the press pool in the room with the president hes making comments on a broad variety of topics on china hes talking about chinas growth and the gdp numbers that ground to a halt that we saw yesterday. He said you read yesterday that china is down substantially. President trump feels emboldened by weakening Financial Data out of china oh to press the position the other context for this is the fact that the treasury secretary and the u. S. Trade representative are expected to have another call this week with their counterparts in china to try to chart a path forward in advance of potential inperson negotiations later this month. This is the president essentially teeing up that conversation thats expected to happen this week and trying to hold china to account here to actually make good on the things it promised. Yesterday, larry kudlow said soon you are going to see china announce large scale foreign purchases. Today the president is saying, well see if they do it. Its been tough to keep ahold of the trade headlines you have done it as well or better than anybody. You have traveled the world with this are these new . Is this sort of trump saying what he has said in the past i say that because the stock market hasnt reacted much brian, the actual words the president is using are the same. The semantics are different. Every time he does it, he tries to saberrattle to essentially make china feel when they get on the phone with u. S. Officials, get to the negotiating table in beijing, in washington, wherever it may be, that the president is still considering some of the harder line tactics, that he hasnt abandoned those that he always has the options in his back pocket as we get more, well come back on. I dont want to overstate it kayla said it best certainly we are not trading or reacting on the headlines with a fever pitch like we used to. Well, thats settled down we understand whats happening bringing the financial earnings and whats happening with the trade war to me is the u. S. Has leverage whether its u. S. Policy or with u. S. Financials, to kevins point, if these banks which have been in the penalty box, if youre a bank doing the same thing you were doing ten years ago, thats whats happening overseas Deutsche Bank and other banks havent pivoted like jpmorgan. Goldman sachs is doing things which has been an underperformer u. S. Continues to have leverage. They are the ones that need momentum in 2019 citi did a fantastic job on the consumer said. You asked pete if you could collectively have a conversation about financials and the headlines as it relates to china. In a certain sense, the trading desks for the banks need volatility potentially created by the headlines regarding future 325 billion worth of consumer goods tariffs you can make the argument that its a positive for the trading i agree, joe. They dont need volatility necessarily. Not to push back mr. Wonderful, slash, mr. Sexy whats happening in the banks, look at jpmorgan the Asset Management arm was 2. 7 trillion the stock market is up 30 those assets they are managing, the fees they are collecting are growing. Every Asset Management firm out there is bringing in fees to mitigate Net Interest Income conversation. If you owned the s p 500 without the financials you have way outperformed they have been a ball and chain. Youre cherrypicking. Day in do you know why the Balance Sheets are terrible. There is no return on assets those poor guys have been squeezed out of existence. We have overregulated them bring back leverage and theyll soar again in the meantime theyre on the bottom of the cage. You bring back the leverage, you have the risk. Youre down 10 and people are carrying file cabinets outside because they no longer trade the instrument they used to trade. Let the market be the market. Frankly, i dont think the government is better at telling what a bank should do with the Balance Sheet. I prefer to let the market decide. I want to let another guy Say Something else important more breaking news Steve Liesman has an update on the american economy. When it rains it pours. Rapid update in. Strong retail sales number flat industrial, flat inventories. We are up a tenth to 1. 8 for the Second Quarter i think the story is there was a slow down but no one told the consumer lets look at who is where here. Steven stanley at amherst at 2. 8. Bank of america at 2. 3 the pessimist of the group at 1 for the Third Quarter we are at 2 forecast. We are settling down to what economists think has trended here i dont know if oleary is trading a hotter economy than 2 some are worried about a cooler economy. I dont think we can get there, guys, if the consumers dont get the slow down memo brian . Listen, you saw the retail sales numbers. You can nitpick this or that, but the numbers are positive 10 of the 13 internal groups up nearly double estimates in some cases. Next time we see a Steve Liesman rapid update do you think theyll have to ratchet up the numbers . This is not a 1. 8 economy. Let me tell you something thats not profound. I think it is the essential element here we can do 2 with the consumer being strong with a low unemployment rate, decently growing wages. The next leg up the gdp is the Capital Spending and business spending number. I dont personally believe a lot of economists believe, too, we get there with the trade tariff trade war overhang on the United States. We are maybe leaving half a point. Maybe a full point on the table. Maybe the president could get 3 without the trade wars its the executive in the c suite thats taking a step back here, waiting until the tariff war clears. Good stuff. Steve liesman with a rapid update from chicago. Thank you very much. Lets stay with the theme. I think its fair to say that the death of the american shopper due to tariffs has been greatly exaggerated. June retail sales blowing the doors off estimates. Nearly everything you can buy maybe except large screen tvs coming in stronger than expected the discretionary and staple sectors are hitting highs. You have positive comments from Jpmorgan Chase Ceo Jamie Dimon on the strength of the American Consumer to the heartland, i was just in wisconsin. Oh, yeah, you betcha. You know how it is. Out there on the ake you drive up 94 from chicago to milwaukee or go to the lakes you see trucks everywhere. New cars new boats. Pulling boats and jet skis. Mall of america crowd the consumer ignored the memo that tariffs were supposed to destroy the economy. They have not gotten the memo look at lululemon stock. Look at the charge to the upside thats a canadian company. But look at target as well you look at t. J. Max you walk into these places im in costco, home depot, every one of these places every week i dont go once a year every week and the consumer is lined up and the parking lots are packed. The cfo at jpmorgan, not just jamie myself, but the cfo said they expect three rate cuts this year to your point, do they overheat . Do they . Thats the fear are they buying all the new boats and new cars on credit that they ultimately wont be able to afford debt to income levels are low. Get levels are high, but people are making money so they can afford it. Do you worry that will end eventually that piper and the boat and the polaris, the bill comes due. Some people stretching out car loans six, seven years. Nine. Wow the fact that youre going maybe im the only one. Lower Interest Rates with the july 31 meeting. Well see the cut we have been talking about. Im staying 25 basis points. Personally, i think its a one and done theyre going to give us one rate cut here, not three you live in the hot bed of houston. No opinion here. Just numbers year to date, ethan allen up 21 . Walmart up 22 home depot, 26 . Tractor supply which pete probably drives to church, 35 best buy, 40 up thats not market that says tariffs are going to destroy the economy. I think if you look at texas, houston, dallas, austin, san antonio the crane is the state bird of texas. You see cranes everywhere across cities tariffs are just part of it. The tariffs hurt the small bike store that has to buy their parts from china because we dont make bike parts anymore. They are having to absorb the costs or pass them on. Well also see at the end of amazon prime day how strong the consumer is. The new cyber monday was yesterday. Bryn makes an important point. There are people that are getting pinched by tariffs nobody is saying theyre not have you or anybody on the panel heard their family or friends or anybody they have seen in the store say, you know what, m maybele . Dont buy that, its 5 more expensive than it was. The euphoria citing for the consumer, if there is euphoria and the consumer has a concern its not the tariffs as much as it is potentially housing. And the impact of salt and the fact that house prices have reached a level that somewhat unaffordab unaffordable to me the euphoria is present if we saw house prices continuing to move higher and consumers reaching through leverage to pay the higher price we are not seeing that we see the sensitivity in price. I think thats a good thing. Im excited about trade wars visavis consumers in china the reason the market doesnt correct every time there is more trump rhetoric regarding the trade war is this. The upside for me as a u. S. Investor whether i invest in the s p or small private companies, if i could litigate in china and i had access to the middle class the way i dont now. When i have a hit product i make in china i get ripped off. The consumer buys the knockout from the factory i bought to make it for me i want trump to squeeze until i have access to their market and a way to lit game them into the stone age if they cheat me google land wind and land rover evoke. Exactly like the f150 a plane that looks just like the 737. I know we are talking about trade tariffs. How do we make money on the consumer thats the etf i like gives you amazon, disney, home depot. Ever since trump took it from 10 to 25 the stock market is up 6 . I dont know where the conversation is until we see the rubber meet the road this is all rhetoric stay the course. There is another element. Stacy said many consumers are buying now because they are afraid prices are go up down the road stocking up i would push back on that. Shes not here to defend herself. Im pushing back on that comment. You brought it up. I just Read Technology is back at new highs. Take it easy with it, we are watching the first crop of reports from big cap tech netflix and ibm numbers are due out wednesday after the bell microsoft, they are out with earnings thursday, after the bell all right. Pete, well pull up the trader questions. Chris in ohio has a question for you on microsoft he says, i just started actively trading options. I own microsoft as an investment it is now trading at the top of the channel. Hes watching the charts should i buy shortterm puts on microsoft ahead of earnings . No. The reason i would say that is this do i see the potential for a pullback if they push back in any way . Absolutely its at highs. It could pull back if they disappoint now you have to play the volatility game. As you get closer to earnings, even though we have a 12 and a half vix, implied volatility of specific names going into earnings goes higher microsofts iv goes higher you sell the 140 calls, 142s, 145s, sell those calls you are Still Holding onto stock and selling something at a higher level sell the upside calls, not the puts. Citi took the target from 130 to 147 more microsoft. Wells from 145 to 160. Not that its written in stone thats the way its going to play out i think people are optimistic for the right reasons. The subscription revenue and linkedin we dont talk enough about linkedin as part of microsoft. Going to be a significant driver for them options action is usually 5 30 p. M. On fridays we brought it here early despite technologys recent run back to new alltime highs there is one group thats been a dog for investors lately thats the semiconductors. They have not made new highs since april. The smh etf off 5 since then. Trade war taking a toll on the chips. Maybe the Biggest Group to get the smackdown nvidia, intel off 11, 13 in the past three months or so. Are you buying these for clients . I own nvidia, but china imports more semiconductors and more chips than oil. Any slowdown in china will impact the stock price shortterm nvidia is a great name it sold off and has come back up you can trade the names. Definitely on the headlines of china. Longterm i like nvidia. A lot of the chips are made in taiwan. Whether there is a difference between taiwan and the mainland, but are we overstating the risk . There will be shortterm disruptions but if intel and nvidia can shift production, get a higher margin, not get ripped off down the road, would that be a longer term positive outcome they are basically commodities. No question the sector is affected by a trade war that will be really intense there is an argument about which technology will be transferred to the u. S nvidia specifically got caught up in the crypto crap. Everybody loved the name for a lot of reasons including processing bitcoins. They are suffering they have to sell to the car industry and Everything Else i like this space. Right now you can stay back. Youre not missing anything. I dont know what processing means, but do you think Crypto Mining is dead i think crypto is about to have a really hard couple of years. I put bitcoin in that. I love to tell the story about crypto i bought it during a harvard class to show the kids it was not an investment. Today it is worth 26. I show it every time i teach kids, this is not an investment. This is garbage. I know what that means. If you would have bought that hundred dollars five years ago it would be 5 million today. I have to time it you have to time everything bottom line is there is no inherent value there thats my point. Its going to zero one day when somebody brings a regulated product. I like their chances there is a lot to process here well get to it. Heres what else is coming up on the Halftime Report. Announcer see why one top firm went all in on facebook, even as washington ramps up the pressure plus, tspotting unusual options action in two key stocks which way they are likely to move before the break our data parents on what happens to amazon in the month after prime day. The hype moves the stock its up on average almost 6 bcomeno. , go to cn. C ksh the Halftime Report is back in two minutes. Xfinity mobile is a Wireless Network designed to save you money. Whether you use your phone to get fit or to find the perfect gift, youll use less data with a network that automatically connects to millions of wifi hotspots and the best lte everywhere else. So you save hundreds of dollars a year on your wireless bill. Xfinity mobile has the best network. Best devices. Best value. Simple. Easy. Awesome. Click, call or visit a store today. Welcome back here is your cnbc news update this hour. A suspect is in custody in greece in the brutal rapemurde of an american scientist on crete. The man confessed to killing the 59yearold molecular biologist working in germany a fourstory building collapsed in mumbai killing at least two. Rescuers were looking for others feared trapped in the rubble 15 families ignored evacuation orders to leave the building the space suit worn by Neil Armstrong was unveiled at the Smithsonian National Aerospace Museum as part of the 50th anniversary celebration of the moon landing mike pence spoke at the event. I expect it is moving for his family and for every american to remember the dangers and the risks at the time that this space suit simply may have been the very last thing that Neil Armstrong ever wore. Apparently that suit was 76 pounds thats the cnbc news update this hour now to washington with a news alert. Earlier this hour at a Cabinet Meeting President Trump told top officials the u. S. Has a long way to go with china on trade and hes still considering putting tariffs on the remaining 300 plus billion dollars in goods the u. S. Imports from china. He did say its still a question whether china will be buying massive amounts of u. S. Farm products as the two countries were expected to have negotiated at the g20. Despite the fact that the president s top economic adviser yesterday said that plan was still in the works this, of course, all coming as the officials from the u. S. And china are set to hold phone conversations this week. At least one conversation potentially two ahead of potential inperson negotiations should the negotiations over the phone go well. Well see if we get a readout from the calls or that call, singular, depending on the state of affairs between the largest economic powers in the world back to you. There is a lot going on today. We thought it would be a sleepy tuesday. Its gotten exciting thank you very much. By the way, the markets, we are seeing a sell. Not a big pullback. Dow down to 42 thats the session low we have had a nice rally even gold and crude oil are down now to even more breaking news speaking of crypto we go to washington what have you got for us the Senate Banking committee wrapped up the hearing on libra. Facebook executive david marcus was forced to answer questions not just on the crypto currency but serve as a vessel for lawmaker frustrations over facebook overall russian interference, discrimination against conservatives, questions about data breaches and privacy. Democratic senator brian shot said facebook should focus on fixing those problems first. Why are you moving on to a new and challenging thing other than Silicon Valley which causes you to get bored with your own thing and try to move into a new line of business the question is not would it be great to eliminate credit card fees the question is not should the United States lead in this area. The question is why facebook lawmakers also did address issues such as the overall payment structure, the Tax Liability of anyone who might hold libra as well as how facebook eventually intends to monetize this. David marcus said making money is not the goal in the short term the goal is to serve users that prompted a very incisive question from john denkennedy. He said, dont you guys have shareholders im happy to have somebody in Congress Bring that up thank you very much. Despite the Political Risk and despite the stocks 55 gain this year, evercore say youve got to stay strong and long. They are reiterating the outperform 225 target on facebook calling it their best idea it is your call of the day mr. Wonderful, i imagine youve got to love it you are long and strong facebook. I have been for years i spend millions of dollars on facebook each year across over 50 companies we can geo lock the message to different markets at different prices no one else can. Others try theyre the best it is a fantastic business for entrepreneurs in america you should own it. I have owned it through all the political crapola and noise. It helps American Business libra is a great idea. You said you hated crypto. This isnt crypto they are developing here look the reason i hate bitcoin is it doesnt solve any problems unless im a criminal, a thief, a drug dealer or i want to get around the rules i dont want to support that i decided the government in canada is going to fail in october. I want to go long canada its been a horrible market to invest in. They hate usiness. Thats going to change i want to buy a canadian index, xiu. I have to convert million into canadian what a pain that was as every trader tried to clip me. If i had Something Like this that was regulated i could take 5 million, stick it in the Payment System, buy equities there because it is a regulated Payment System that would work. Let me do it in europe, in china, switzerland give me a common currency and let me go to work. Heres the thing with facebook bryn owns a company. Youre a Small Company on facebook you have your products the idea, as i understand it, is libra should help you buy something from bryns company on facebook when they first announced it, i thought it was a paypal clone. Jim cramer talked about it maybe its more ebay where they are trying to help small vendors like all 50 or 100 of kevins companies trans act. Does it add to the value of the company . I have missed the rebound on facebook i should have been in it and i have not kevins is one of the strongest arguments i have heard for why this actually will work. I like the International Connectivity that libra potentially provides thats the important element of this i think about visa, mastercard i think about the tremendous opportunity that both of those companies have been on the investment side. I wonder if libra presents some form of a Business Risk to visa and mastercard it seems to me transactionally, thats where does it help bryn, how do you put the money on libra do you use visa and master card under the surface to get the transaction working . Facebook had a thoughtful white paper of how this was going to work. Kevins walkthrough is smart. I do think facebook is the stock everyone loves to hate its hard to own when you have privacy issues with Mark Zuckerberg having the power, that continues to irritate congress and overseas government bodies. Its such a powerhouse every dollar of ad media sent on social media websites, facebook captures 84 cents. Its also gotten the attention of some in congress. All right. Got to move on and hit the trader blitz ready . First up, u. S. Steel is rallying today. Its down 57 in the last year you own it. I own it. Its in the folio. We have seen a lifeline from President Trump. Hell increase the threshold of u. S. Infrastructure going from 50 to 95 dont forget about 2016. It was up 319 this is a name that should bounce back. Its been wildly sensitive oil and gas energy, the worst performing sector this week the only sector still in correction bryn, you are finding valuespecific parts toll roads, kindermorgans. Kindermorgan is the poster child for the pipeline industry. They were front and center on confronting from mlp to a ccorp they continue to increase the distribution yield this year it will be about 4. 8 . Next year, 5. 4 . Its a great pure play we love that its negative it will change over time. Put a band aid on it. Johnson johnson topping estimates it will raise fullyear forecasts but the stock isnt responding. Everybody hates it. We are going into an election. You always bash health care, promise to cut costs and you never do buy the names at the beginning of the cycle they printed a fantastic quarter and the Balance Sheet, if i wasnt ready already i would marry the Balance Sheet. All right maybe the single hottest stock that nobody but us is talking about, one of the best performing ipos of the year up 130 thats roku. No one is talking about this company. Jim rode this thing like a champ and got off. The idea was to stick with this one. Buy high, sell higher. This one has just done that. We had unusual activity in this one. They were buying when the stock was under 90 a share. Today its 111. I dont know what stops it. Its up 260 in six months. Yes. On the flip side of that, Dominos Pizza sinking after earnings the stock down what do you think . Pizza is an essential is that in the essential 40 . If kevin wasnt going to marry the Balance Sheet pizza is an essential component of life. Missing today, down 7 sales growth less than the street expected of 4 . I argue and one of the reason im not in dominos is Patrick Doyle is elsewhere thats the issue here. Youre seeing papa johns moving in youre seeing pizza hut moving in, taking away some market share. Mcdonalds, better place to be. By the way, the burgers, chipotles have done better than the pizza shops. Dennys is up 21 . Americas diner. All right. Slack initiated at keybanc with an overweight rating. First of all, youre wrong in terms of waffle house is americas breakfast place. Ill trump you on that. I have been to all of them we have slack talki ing about messenger. I think they are overlooking the competition level theyve got now with microsoft this is a company that since they ipod its not done well. Slip, slip, slip avoid it another reason to own microsoft instead. Good stuff there. Options bulls are betting on one industrial stock up 6 already in a week. Stay tuned for jon and petes new trades in unusual activity first the s p sector check only two sectors higher, industrials and materis. Al tech, energy bringing down the back dont miss your golden opportunity to experience our most advanced Safety Technology on a full line of vehicles. Now, at the lexus golden opportunity sales event. Lease the 2019 es 350 for 379 a month, for 36 months, and well make your first months payment. Experience amazing. It all started under this buttonwood tree. Twentyfour people came together to sign an agreement that created the stock exchange. Just the right elements coming together. It started when scores more people came together, just down the street and traded bonds that helped pay for the revolution, and the nation it created. It started in an office on the corner where the right people witnessed the telegraph and brought information and humanity together forever. It started with the markets, bringing together steel and buildings and silicon and medicine and rockets. We believe the possibilities of life and investing are greater when we come together. Its why for eighty years weve connected ideas with technology, data with inspiration, investors with solutions. So that every day together, it all starts again. All right. Welcome back the brothers are seeing unusual options activity in financial, retail and industrial sectors. They have the trades pete im starting with discovery we havent seen it in a while. Its made a nice move already. Youll wonder do you really want to be here the best way would be through options. You have a big move in the stock. Youre able to buy here. They bought these in a big way you can see the volume it was about 15,000. Now theyre getting closer to 20,000 only 60 cents was the price they were paying for these. Gives you room out to october. Im in the calls i will hold these for a couple ofs mo one more in the financial world. Last week we had Morgan Stanley and jpmorgan performing well capital one was a little bit higher than this, trading around 90. 20 when we saw options activity here. Rolling out of the july 90s up into the i think its the august 92 1 2 call there. They bought about 3,000 of these. Theyre a little bit more expensive. Very close they have the earnings on the 18th if they push a little bit higher, these august 92 calls will move with them. Im in it for at least a month quick one for you, brian. Two actually 3m had the big steep falloff from right there, right around the 215, 220 level all the way down to here its been clawing its way back not exactly a vshaped bottom. People have been making money. They are rolling up and buying the august 180 calls like that activity, i bought these. Ill probably be in them two or three weeks. Second one, skechers the end of may on this show we talked about the stock when it was 25 bucks a share now you look at it 34 bucks a share its nearly a ten dollar jump already. They rolled up from the 36 calls which they have just kept rolling up like this they rolled up from the 36 calls in july to the 37 calls in august like that activity, this is a trader whos been right time and time again im following them ill probably be in there two to three weeks. Jon and pete, thank you very much on deck, well take your questions. Today theyre on mining, jet airplanes, and childrens clothes. P. S. , you have time to reach us. Welcome back to halftime. It is that time of the show when traders take your smart questions. David in florida asks, if freeport, the copper miners, a longterm buy . Good question especially with the china trade skirmish popping up again today we wouldnt be a buyer here. Technical strength around 9. 70 its a pure copper play and will be sensitive to china. All news stories start with the same three words. China, china, china. No. A florida man. Is childrens place a buy i believe it is we havent had unusual activity in the name for almost a year, however. When it came down from about the 115 level, slammed down here to the high slammed down here to the high 80s, low 90s, maybe its bounced to 96, 97, i like it here german town, tennessee, i believe. Finally, a question for the killer for john in connecticut lockheed martin, more room to run . More room to run. This is an essential name. As we go into an election year, you will see more Government Spending in defense. We like lockheed martin, lmt there you go. Likes that can childrens place. Meantime, natural gas, down more than 4 . Seema mody and the futures crew prove they have your trade gas futures tumbling in the aftermath of hurricane barry scott and anthony are your trader what do you make of the big move its getting killed nat gas is getting killed by the outlook, the weather outlook improving. It seems gas is coming down just as forecast high temperatures are coming down. Bulls were hoping that electrical generation would pull down the huge surplus we have of nat gas before winter, and thats not going to happen anthony, what lechbvels are u watching seema, 229. Just below the 230 area, i would be a buyer there were about to hit the hottest weather of the season. Theres lot of bad hair days left for this summer im going to get long right here tune in to our live show at futuresnow. Cnbc. Com. One bank of america strategist has a warning for the market as stocks sit near alltime highs plus, bitcoin breaking below ,0 nal trades with the halftime desk is coming up. What do you look for when you trade . I want free access to research. Yep, td ameritrades got that. Free access to every platform. Yeah, that too. I dont want any trade minimums. Yeah, i totally agree, they dont have any of those. I want to know what im paying upfront. Yes, absolutely. Do you just say yes to everything . Hm. Well i say no to kale. Mm. Yeah, they say if you blanch it its better, but that seems like a lot of work. No hidden fees. No platform fees. No trade minimums. And yes, its all at one low price. Td ameritrade. Online now, the race for a. I. Supremacy read ttohe sry on cnbc. Com today. Your daily dashboard from fidelity. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. Whoa. Travis in it made it. Its amazing. Oh is that traviss app . Its pretty cool, isnt it . Theres two of them. Theyre multiplying. No, guys, its me. See, im real. Im real he thinks hes real. Geico. Over 75 years of savings and service. Check this out the transports, theyre on pace for their seventh straight weekly gain. The first time thatshappened in more than two years a few transport companies are set to report this week. Anyone got a view on the transports transports are incredibly Strong Canadian pacific, that was a great earnings report. Shipments of crude oil, looking good what about the airlines every airline is packed. We talk about it all the time, how cheap they are, but it doesnt matter like the banks they have started to move to the up side. Take a look at ual look at these names. Theyre moving to the up side. I own ual, but i got something for you in the final trade look at these performances. Avis budgets i thought uber was supposed to kill in the rental car sector. Theyre going to uber. Look at this it reflects a strong consumer especially the airlines, able to raise the prices. I agree with pete. Well get you a final trade in the airlines soon. You keep teasing the final trade. Lets get to it. Yesterday, we had four seconds today, we have a lot more time lets get around the horn. Joe, well start with you. Terms of raising prices, i think jetblue has done a good job of that. On tuesday, july 23rd, theyre going to report. The Analyst Community is not giving the love to jetblue they have to come around seven buys, 12 holds give the love to jetblue, not the love to law, which is southwest ticker i like twes as well, but ill take jetblue kevin im going to take money back to work in small and midcap stocks they trailed, not participated in the rally theyre trading at cheaper pes im going to use the ousm. It distills down the 2,000 names in the russell to the ones making money and pay dividends within the russell 2000. About 250 to 300 names crab flambe on your Cooking Channel last night on youtube. Im so proud i have now launched chef wonderful. Im going back to my roots and cooking. Because theres not enough. Brin talkingten, what is your final trade . We like a small midcap name its a Mortgage Servicing company. Its a little misunderstood. Its a yield play. A little over 12 . It sold off, the market is projecting three rate cuts we dont necessarily think thats going to happen yef intel if you look at one of the Worlds Largest chip makers it has been punished by the whole tariff conversation. It has momentum, its beabove its gift someday. Cpe they just did a deal on the permian. You know all about that. Check out this stock i bought it during our show for unusual activity i own United Airlines i also own in stock and i also own southwest airlines, but im soon to add american airlines. Good stuff, and ill see you tonight. Fast money, 5 00 p. M ill see you on power lunch. Joe kernen and the exchange begins right now you got that right, brian. Thank you. Welcome, everybody im joe kernen in for kelly evans. President trump firing away at china. The fed and europe once again taking some of the steam out of the market rally his comments and what they could mean for jay powells next move. And the devils in the details. Big banks may be beating estimates, but some are saying that the beats are not quality the quality is strained. Thats why were not seeing a big time rally we will take a look. Plus, putting its best foot forward. Why saks is betting big that man will want to spend m
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