And fed week lululemon stock up more tha 50 this year. Is it getting stretched or is there more room to run and a slew of group grades on the street, its our call of the day. Halftime report starts right now. It is a big show and good to have you with us here on this thursday your Investment Committee today, joe terranova, steve weiss, jon and Pete Najarian and kristen bitterly with citi private bank. Welcome. Thank you so much to discuss. Lets start with the macro markets. The dow posting its biggest gain since early june and kind of incredibly back to within 2 of its alltime high. Joe, should we really trust this rally or is this all just algorithms and Computers Gone Wild by the way, congratulations yesterday you said the next 50 handles we dont go there, i still have a position. The president could tweet something and it turns into a loser. We dont touch that until were out of the position. No congratulations, the trades you theoretically have not made the president is staying quiet which is a good thing, hes not tweeting much we know when he tweets more that seems to add volatility to the market it allows us to focus on the good conditions in the market which is the consumer is very strong, the jobs number was there today, but there are underlying conditions that we cited yesterday in the market for the reasons why i suspected the next 50 handles were higher and that was a little bit of lift in oil prices, a little bit of steepening in the tenyear yield, bumping higher, i think 158 today, thats a huge yield rally and a weakening in the u. S. Dollar, so those are the type of conditions we like keep in mind, we are back above 2950 now which is the exact level we lost when the president tweeted on thursday august 1st about the upcoming tariffs september 1st. Chris covered it all were powering up ostensibly on the headlines that the u. S. And china have agreed to meet, maybe talk by the way weve met and weve talked many times in the last year and a half. Yep and all thats happened is tariffs have gone bad dating by the way 17 lunches and no dinners. Dinner is more important. Exactly my point is, kristen, is the market overly optimistic or do you think this is the right move weve seen this behavior over the past several weeks and we could say the past several months the minute a positive statement that china and the u. S. Are coming together, the market loves that nothing i agree with you, nothing has happened the agreement to a meeting is positive and we dont believe were going to get fullblown resolution on trade for some time in terms of what should an investor do we dont believe in chasing the rally. If youre fully invested, stay invested dont make any changes right now, but you dont have to chase this rally but buy the pullbacks. There are dips and opportunities and when you can look to add capital. Look, i think that there is news and the news is that china said were going to talk we think theres basis for substantive movement on it so maybe thats true, maybe its not. I look at it skeptically of course, but we dont need resolution all we need is progress in the conversation Going Forward of course, this may all culminate with trump redrawing the map of china to make it smaller so that theres no trade balance like he did with alabama, but well find out. So look, i think the best case weve extended the upward end of the trading range at this point. The economic numbers are mixed, although mixed to the Positive Side i agree on dips, you take advantage of it. I bought more boeing i sold about half my position when it really spiked up i traded down 12 bucks on tuesday, why, because they may delay flying for another month, more liability because theyre missing the Holiday Season but those are the advantages the markets giving you when you have these selloffs so we are in trading range theres no alternative in terms of foreign markets, in terms of bonds, which are very, very rich albeit they may continue to trade, the yields may continue to trade lower but im comfortable is your boeing not fully invested. Is your boeing addon a positive bet on a resolution with china or the stock came down and you felt it was overdone given their decadelong order book well, you know, thats a great question because my biggest concern is that that, like apple, is ground zero it may be the most china trade in the dow, boeing it is, but curiously enough, its not been mentioned by either party in terms of retribution, so theres still only two manufacturers and boeing being one of them so thats why i continue to not be overly concerned about that, and i just take longterm view so thats why i bought more dollars. Tuesday we talked about the fact there was a 21 vix on tuesday. Thats just a couple days ago, right . Yesterday we pulled back in the 18s and now in the 15s you talked to joe at the top of the show, i think algoes are moving and some of the exaggeration were seeing in a low volume market. Now its not just in the derivatives world where i live those are right now the first couple of days of september, were down about 2. 5 million off of average so thats pretty significant number, when youre talking about 21 plus million per day and all of a sudden were something underneath that, decently underneath that why have we come down i cant give you the answer of why the volumes originally going into september labor day, we said Labor Day Weekend were getting into that school, back to school, the rest of those kinds of things that was all a big part of it. Im hearing something. [ beeping ] but the key to this whole thing thats the new buzzer for too long of an answer. [ laughter ] the key to this whole thing, brian, look at the spy yesterday, we average about 70 million per day in there, right, in terms of volume you know where it was yesterday 40 million it gives you a little idea how far off of normal we are right now. It seems that way, and matt mealy a trader in boston put out a oneliner, nobody complains about the algos, jon, when the market goes up when the market goes down, oh its computers and theyre out of control thats not true, were up all the time thats absolutely not true we do bring it up, but maybe he doesnt watch this show and thats a mistake on his part were going to call him right now as a matter of fact. Please do bring him on. Brian, steve hit on it at the top, and that was that this came from china, so as soon as it came out last night, as soon as pete and i saw it, it was like buy, buy, buy. Because china said this. This wasnt the president tweeting the market is propaganda net work. Either way youre saying the market is putting more belief on what they say. Of course we are. Versus what we say. Yes and they say it less frequently than we say it. So yes that just sounds wrong, but its maybe true. Ive heard of High Frequency trading but not low frequency trade talks but thats pa a parentally where we re this is the first time anybodys put more weight on what china says than we are. I dont want to say shaking the markets, the wrong term but how volatile because to your point china said this, up 450 points this past weekend the president might have tweeted 30, 40 times when was the last time china put out the china times put out a tweet or a news release regarding, yes, were going to sit down chinas going to sit down with the u. S. Maybe its once every two or three months, brian. So the fact that people Pay Attention to that isnt surprising, versus the other and the fact that theres a lot of things that are really working right now. I mean, there have been significant bets, investments, if you will, on the fxi, on boeing, to steves point also, as well as ashr, another etf for china. There have been significant bets that those will move prior to middle of september. Now theyre paying off big time on those bets. Here is the thing, the markets should actually move on positive information on trade. When we look at, if we have the s p 500 drives close to 6 of revenues from china, infotech at 15 , these are material numbers and if we have fullblown tariffs, that has the ability to take Global Growth from 2. 9 down to 2 , so the townside is there. So any time we get this positive information, it basically gets us looking back to fundamentals of the market, which is whats happening. Yep its better messageing. The messaging in august was disruptive for the market. Were seeing much better messaging. Were talking about the improvement in adp, were looking at the consumer and i think, lets not dismiss what apple did last night with the 7 billion debt offering. I think a lot of companies are going to take advantage of the lower rate environment theyre going to extend maturities theyre going to go into the debt markets and utilize the opportunity of lower rates to reinvest in the business, buy back shares, whatever the case may be i think looking at the equities market, that type of action is exactly what you want. Apple is just so smart to go and do it at this point. They dont need the dacash but e right time to bring the cash in, given the rate environment it its an easy trade. Pretty innovative they have to believe they can grow their bottom line of more than 3 so that trade you should do every company that has that Credit Rating should do all day long, shrink the market cap. They could buy back the stock with their new credit card and get the points right nice despite fears about trade wars and a slowdown in potentially the u. S. Economy, we simply continue to add jobs. The adp payroll number coming in better than expected, but with the markets expecting another rate cut on the way what can we expect to hear from the feds policy meeting in two weeks time a lot of expectations. We bring in senior economics reporter and correspondent, steve liesman. Does this adp number alone change the feds thinking . Not alone if its confirmed tomorrow it will help. It was not the only piece of data that confuses the picture of those who want to see a definitive move either way you just, you sort of want to tell the economic data, pick a direction and go with it but we have that real scare earlier this week on manufacturing index. Take a look. The 195 on adp above expectations for the adp number, and above expectations for the Government Plus private payrolls tomorrow some talk about people adjusting upwards their expectation. Jobless claims right in that zone that tells us the job market is still strong productivity doing pretty well well see if that continues that way. Factory orders above expectation and the august ism that was also not so great under the hood on the details. I would say a really cool little factoid i was just digging around in, tale of two economies, brian the gap right now between the ism manufacturing and the ism services at 7. 3 is the 13th biggest weve had in the 266 months, aka 1997, that weve had. Weve had two other times like this, that weve had the big gap, where manufacturing was really weak in services, before the bell goes off that tells me im talking too long here beep. Ill tell you what happened, before we head off to break, i can tell you what happened after the break. One time it was a curtain raiser for the recession in 2000 and the next time in 2015. Can we bring that chart up services and manufacturing the bears in the market will point to manufacturing globally and say were done, manufacturing is the leading indicator. Two things, steve, i wonder. Number one, a slowdown in oil and gas drilling, the number of rigs matters to manufacturing for pipes and tubes and car sales. We know theres been a number of cars, the chevy cruz discontinued is there enough specific industry stuff that its possible that its distorting certain parts of the data . So i want to answer you, two very quick answers the first is, manufacturering is a small part of the economy but a big part of the Volatility Services flat line manufacturing goes like this its a huge part of the volatility and why we follow it so closely the other thing is given the ekg should we follow it closely . We should t could cause growth slowdowns or by itself. People dont not get haircuts but do not get cars, things like manufactured goods i want to answer the question how long you guys dont get haircuts you guys dont count. Youre out of the demo, you dont matter you dont matter at all. What do you mean, you guys . The only one that matters is over there thank you let me ask you a question without complimenting you. You have been on the oil story, brian, as a major component of the macro story, for a very long time thank you we no longer are a country that can think about ourselves exenergy. Energy and energy and oil and natural Gas Production is so woven into the fabric of this macro economy. The slowdown i talked about in 15 and 16, energy. The ramp up in capex we had in 17 and 18, what happened to the price of oil, energy the slowdown were having right now, global economies, maybe the tariffs also, energy was it your show this morning that had the guy saying they cant get capital anymore in the oil business they did, because i heard that at 5 30 this morning and remembered that. Thank you by the way, the industries responsible and 08 and 09 it was the only industry growing jobs in america. Thatsy got involved this industry could pull the economy out of recession, not by itself, but at least make the data look bet per. I want to tell you something, it used to be the old saw that low oil prices was good for america. I am not sure thats true. Its not true im not sure thats true on the consumer side and i dont know this to be true or not. I do know there are vast regions of this country whose employment and Economic Growth is tied to the energy business. What i am saying is we dont really know how much it matters. Thats a long answer to your question its a great point, low oil prices are not good for the economy as long as gas stays below 4, 4. 50 nationally first of all, one thing, it has changed and changed dramatically whether or not its net positive yet. One of the Big Industries in wisconsin is sand for fracking all the sand for fracking comes from what they call north dakota, colorado, wyoming, all of these states huge energy hit. It is though, gentlemen, i look at what steve does so well and we look at these, have you ever remembered in the last few years a more confusing picture of the economy it seems like one day the data looks terrible, the next day its great can you get a read when we got the ism number that dipped below 50 this week, we tried as best we could to sort of decry that brian, saying this is not an industrial manufacturing economy that were in right now steves point with the two charts, the one diving and the other going up expressed that with services versus industrial manufacturing, but clearly that is not the driver for the u. S. Economy right now. So i Pay Attention to what steve says, because hes a smart guy, and because other smart guys listen and smart women listen to him, but it doesnt drive me crazy when we flutter back and forth across 50 with isms. To answer your question, i can remember many, many times where in the economy looked confusing as youre living in it its always, you always look with immense clarity backwards, but i remember when the market used to trade up or down a few percent based upon the jobs number every time it came out. I remember when it traded up and down based upon home building, housing supplies, money bl supplies we cant look at anything in isolati isolation. Were trying to figure out are we late cycle or end of cycle . Is a recession imminent . Should we read too much into some of these signs . We should definitely Pay Attention to them but one thing, we have a bear market checklist thats 18 different criteria i looked at that, its cool 18 different criteria, leverage on balance sheets, its the yield curve inversion, its sentiment, its manufacturing data, and we say out of that, what is telling us to be worried . Right now its 4 out of 18 to put that in context, in 2000, 17 out of 18 in 2007, it was 13 out of 18 its only 4 now. 15 with the growth slowdown 8, it was half way exactly its 4 right now its 4 right now but every day you hear the r word out it seems. Every day you hear it, but i think one important question to ask is if this overhang with trade wasnt on the table, would we be having a fundamentally different discussion right now yes, we would we would. Wed be talking about how the market has moved higher and weve had multiple expansion while weve had meaningfully, meaningfully cuts in earnings estimates from the s p so weve been talking about a market being overvalued versus having this catalyst, which may or may not mean anything we have seen it has been a fundamentally driven rally, right . Not at all. There has been Dividend Growth not at all under in mentally driven youve gone from doubledigit teens growth or higher to maybe no growth or up 1 so how can you say its been fundamentally driven over the past ten years oh, ten years higher bull market rally than weve had, the last couple months that becomes something you dissect. The last year and a half have been flat because earnings are flat we built a new segment for a later day or later show, guys. Kristen, when your indicator gets eight or nine ill be back on ill be here more connected to the fed than anybody out there, great stuff, steve heres whats coming up. Get your head in the clouds Software Company cloudera beating the street and getting a bunch of upgrades. One of our experts owns it and well debate it in our call of the law plus lululemon up more than 50 this year the Investment Committee take mbs. R positions ahead of the nuer the Halftime Report is back in two minutes. Dow up 411 but t stocks on the move today commodities also moving big in this rally dom chu with a market flash. Bad news and good news for commoditieses. Bad news first no green when it comes to gold or silver. Gold right now down by over 2 silver down by 3. 5 , and thats off the worst levels of the day. Remember, all of these metals precious have been rising because of that kind of flight to safety trade. Were watching that unfind wooind win today. Reverses with wti crude, a cyclical crude trade up almost 2 right now but still remember were in this medium turn downtrend there and well end with dr. Copper, that which people say could be an indicator of the global economy, those copper prices up 1. 5 but the downtrend in play overall and that particular trade in copper the focus of our futures now trade later on in the show, sema modi is all over with our traders, copper, gold, silver, oil moving big today back over to you thank you very much and a good plug for futures now. Your call of the day with stocks, cloudera shares are climbing after a strong Earnings ReportJmp Securities upgrading the stock to market outperform with a 12 112 would be big. A 12 target, a 40 jump Stephen Weiss you own it i do. I bought this on the show when carl icahn had filed on it, originally about a 10 position. Now hes up to 18 and change and has two members of his team on the board. I wasnt focused on earnings if they missed again which theyve become serial missers on to the old ceo, that his interests would support the company. Right now theyre looking for a new ceo. My bet is they dont find one that instead carl forces the sale of the company. I doubled my position yesterday so im staying with it sometimes you get lucky. Taking everybody out to eat after the show is over lets switch gears lululemon reporting tonight after the close. Pete a name ive loved for a year and a half, almost two years they had the same story line the pe has gotten get better and better and better the higher its gone. Theyre growing internationally, growing in mens and ecommerce, the digital side when you look at the growth and martins are getting better, and they look that ford theyre going to get even better because of that, i look at this name and i think all three continue to work you look at the 2000, its a fiveyear plan internationally for growth theres a 40 year over year growth internationally thats a huge number and i think thats something that continues. Gross margin is up since 2015, 7 brand, merchandising, 24 Revenue Growth last year, 22 in the last quarter the expectations for this quarter are high too high . I dont know the answer, what the earnings are going to be but they did cite in june the cfo spoke about the potential for tariff rates to be a little bit of an impediment on this quarter. They did some change in terms of their shipping methodology, air versus freight well see what the impact is but on a lower result in the stock price i still think its a name you want to own and ultimately gets above 200 real quick lastly, when you look at the pe of nike, presently trades about 35. The forward pe, i know i say forward but the forward pe of lulu is 32 when you put those together and look at the growth rate and whats going on at lulu, holy smokes, which one would you rather be in doesnt mean nike isnt wildly overvalued. There you go. One sign from a great retailer you look at, i wear lulu now and havent been a believer and now its all i wear you go into the store, you see nothing on sale. There are no clearance they dont have to. Exactly right theres a mode around this, competition is not able to go around is it it continues in my infinite wisdom i sold it about 100 points ago the numbers are tonight so with hell dissect them at closing bell and fast money. Jon and petes new trades are next up in unusual activity. First a check on the s p sectors as the market rallies big time the dow is up 400 points, every sector but real estate, utilities and staples are higher financials one of the best days weve seen in a long time, up 2 were back right after this. I can. The two words whispered at the start of every race. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Welcome back, everyone im sue herrera. Here is your cnbc news update. A massive relief effort is under way in the bahamas nor survivors of hurricane dorian. Volunteers transferring supplies to the island by boat. The death toll rising to 20 but it is expected to go higher. Knbc meteorologist david biggar has the latest for the storm here is what were looking at with the path. The cone of concern here is staying off the coastline but keep in mind, this is mainly just for the center of the storm itself the eye is wide enough we are actually seeing some heavy rain showers and strong winds along the South Carolina coastline near charleston. That will push along the coastline until it might make a potential landfall sometime early friday morning but the storm will continue to be a problem for the next couple of days, with heavy rainfall as well as dangerous storm surge. Sue . David, thank you very much. A stern warning from North Carolina governor roy cooper, stating that dorian will cause widespread damage and likely deaths as well he says 50 emergency shelters are now open across the eastern part of that state this wont be a brushby. Whether it comes ashore or not, the eye of the storm will be close enough to cause extensive damage in North Carolina were watching dorian for you. Thats the news update this hour brian, back to you it is a big storm sue, thank you very much scary stuff. Back to business now and tapestry shares have surged 10 in the past week options traders are betting on another 10 rally from here. Jon and Pete Najarian have the unusual activity jon, youre up first look at tapestry, the former of course coach. Its up 1. 38 or 6. 5 today, and they are buying the 25 calls out into the future. So what did we do . We saw this big surge. That was first 5,000 calls, then 10,000 now were approaching 1. 6 million share equivalent, thats 16,000 of these calls bought october 25s about 2. 5 bucks out of the money i bought these, brian. Ill probably be in these about a month, month and a half. Quick update for you, last week on monday i think i talked about freeport, fcx, and in this one, freeport, this has made a significant move to the upside stock is up 10 . The options we talked about, which were the september i think 9. 5s, pete, these went up from 18 cents when we cited it to about 42 cents today, took off half of those as it doubled, and i think this ones got room to run, but its always smart to pull some off the table. Brian, i got one for you as well altice its interest, broadband company, video and the rest of it look at that run its made yeartodate, spectacular run to the upside and basically the option traders are telling us its not over yet. We think theres nor upside. The september 30 calls bought aggressively, 6,000 of these, when they purchased these, theyre around 60 cents. So very inexpensive in terms of risk reward to the upside here does it break up through in the next couple of eeks . Only got the next couple of weeks. I love when i see these things, under 1 risk reward that tends to be something thats exciting for us and it works oftentimes and this chart says it all this stock looks like a stock that just wants to continue up to the upside for a little bit longer i got an update from yesterday, facebook yesterday we talked about the september 190 calls. They were buying when the stock was underneath 185 at the time the options were trading for a little over 1, 1. 10. Today the options got well over 3 i exited that position im still long the stock out of these calls so oftentimes we still scott, look, were going to be in these for a couple of weeks, only if it doesnt move faster, which it did today and this move from 185 to 190plus made me say you know what im out of those, ill hold on to my stock, but those calls are gone good stuff there. Thanks. Appreciate it jon and pete, see you back at the desk in a minute joining us next on halftime is tennis legend andy roddick, part of cnbcs Financial Wellness advisory council. Hes going to serve up some of his best investing strategies and find his ace on helping his kids succeed and perhaps talk a little tennis as well. Andy roddick joining the table as halftime returns in two minutes. Delivering al fashion the most important investor summit nine years running strategy leading off of generate yos, direct access to policymakers and government leader september 19 see who is calling the shots now. Go to deliveringalpha. Com to attend this years black of blockbuster event. Will you come away with ideas that you could put to work immediately. Plus special guest Vice President mike pence talks economy and trade war impact reserve your spot now at deliveringalpha. Com. Are we supposed to dance . Boy bands without dancing are just ok. Get a better than just ok unlimited plan with spotify premium included on americas best network. Only from at t more for your thing. Thats our thing. So why isnt it all about you when it comes to your money . So. Whats on your mind . We are a 97yearold firm built for right now. Edward jones. Its time for investing to feel individual. Welcome back to the Halftime Report. Here at been krk we wacnbc we wu grow your wealth investment in you, ready, set grow, part of our partnership with acorn, a savings and investing app. We have a special guest for you right now, legend andy roddick, a member of our cnbc Financial Wellness advisory council, active in the charitable side of things, a commercial real estate business andy, great to have you on thank you for having me what you as a guy who made a lot of money at an early age, at an early age, when most of us were working at wendys, youre making millions. What did you learn about Money Management as a young man . I dont know what i learned as a young man i think i realized the opportunity when i was young the goal was when i stopped playing, whatever i made on the court would be replaced by whatever i built while i was still playing and i dont know that a lot of athletes maybe think that way i think theres such an opportunity at a young age to get your money to work for you were you able to replace the career earnings . The year over year earnings sure i was lucky. I had great mentors, business partner, phil myers, who taught me the abcs and i certainly learned on the way as well, but i was never scared to ask questions, i was never scared to look dumb once you ask a dumb question, and you get your answer and you dont look dumb again, so i was always pretty curious, and wasnt scared to figure something out listen, as a tv host, theres nothing wrong with being dumb call the time. As an athlete its expected. You got a great sense of humor. You cant know everything. On your way up and way to wealth and growth, what was the most surprising thing that you learned about money . I learned that a lot of athletes werent really thinking about it at the time and especially you look at as you mentioned when you have access to capital with what you do at an early age, but also a lot of people are just looking for the quick hit all the time they wanted to be sold something that was going to, you know, be the next facebook or google and all the while kind of ignoring the slow Growth Potential at 5 , 7 , 9 , and over the course of time, that looks really good, and but it doesnt sound good and you cant take your friends to it and doesnt look that cool looks cool later. Yes we were talking about this earlier in the show, just the benefit of staying invested and having a disciplined balanced portfolio. There are so many people who believe in market timing, so many people who believe in that kind of quick home run, and the interesting thing is, if you look at balanced portfolio s an you stay invested through the volatility, if you sell and go into cash and miss out on the ten best days of the market in the past decade, so you only missed ten days, it reduces your per annum return by 85 . You erode your return by 85 the smart thing is have an objective, stay disciplined and stay invested. A question about real estate. Youre in triple net leases. Yes youve seen lots of free money everywhere so two questions are you still finding opportunities, number one, and number two, what do you see, walgreens or Bigger Stores were not buying as actively as we did. During the last recession we were sitting on a little bit of capital from the best years of my career. Everyone was trying to get liquid we had it and bought a bunch of bank buildings, getting 15, 20year leases at a certain number and with real estate if you wait long enough you look smarter 10 or 12 years later were up to 65, 70 someodd properties now but certainly not buying as aggressively as we did. So andy, 2003 win the u. S. Open, probably college age at that time. You begin to invest. What would you tell the Younger Generation right now that doesnt really trust traditional asset classes, and really is desirous of garnering wealth in these nontraditional asset classes. Well, even if youre intimidated by words like volatility and you think the worlds going mad and everything else, i would say be disciplined with what you put away monthly that shouldnt change regardless of what you think is the best avenue to grow money a lot of times ill talk to saying i only make so much i dont have what you had at 1920 start it, because 10, 12 years later youll be happy you did. And so i think there is that he weird divide between i dont have much so i might as well kind of spend what i have. You can trust the markets i think so. Over time its been proven and i dont know that you look at it every hour on your phone and i think yes, you do cnbc as well maybe not an 18yearold or 19yearold. Maybe if youre around it every day but im talking about me and all my dummy friends so i think kind of just having a disciplined plan and not being sent into a state of panic at the first sign of things not going your way outside of that, its been proven that the gap in education, were going to switch gears for a second the gap in education really occurs in the summer, kids who have money and access, they go to camps, do tutors. Kids that dont fall behind and come back to school. The Andy Roddick Foundation doing great work to try to close that gap how do you do that well, we invest heavily in afterschool and summer programs like you said and for the reasons that you said. We actually start in kindergarten and go through fifth grade and a lot of people think that is not dissimilar to what weve been talking about. Geocompass nit the state of texas is predicted on third grade reading levels anything past that, felt like we didnt start early enough. The Public Education system i dont know that it can be done alone. People that can should help and should help supplement it and the another thing that used to drive me crazy, why we went down this road, the skyline of manhattan and anything the way it is now and 100 years ago and looks completely different the way a school room is set up looks the exact same, kids sitting at a desk looking forward, going on a chart, looking at the abcs, this, that and the other. We focus on Financial Literacy and tech lit wassy the world is changing and what kids are learning should adjust also very important stuff and i should say november 17th, austin, texas, seal performing, andic Roddick Foundation annual gala we can go on jons jet should we do that depends road trip fourtime fwrgrammy winner sl doing great work 5 00 thank you very much. Thank you, andy Nbc Universal and Comcast Ventures are invests in acorn but you know that. All right, if the u. S. Economy is headed into recession, dont tell dr. Copper the metal again, we have your tre rahtadstig ahead, whats so funny, pete on the Halftime Report. Stick around so servicenow put your workflows in the cloud, huh . Mmhm. Your employees must love you. Thank you. Ah, you could say that. So how are things with you guys . Great. Thank you. Thank you, sir. Lunch next week . Terrific. Say hi to the team. Will do. Call my office, i will. Sounds good. Alrighty. Servicenow. Works for you. Welcome back to the Halftime Report. Time for futures now. China proxies like copper are rebounding today erasing its losses over the last month lets go to jim and scott in chicago for more scott, whats behind the move . Well i think that the fact everybodys taking a deep breath, whether it has to to with hong kong or brexit or trade, everybodys finally taking a deep breath and we also saw a really massive break on tuesday, new twoyear low. The fact that china uses about half of the copper thats consumed in the world, means that if things are better in china, things are better for copper jim, what levels are you looking at okay, whats interesting to me is the broader downtrend is still intact it moved up to 265, which was a high from a daily high from august and it was turned around there. I think its going to need more to take out that 265 level more than just an agreement to sit down and talk. I think its going to head back to 260 on this failure 260 jim and scott, thank you head to futuresnow. Cnbc. Com for our live show at 1 00 p. M. Eastern, despite the rally, meghan shue and Michael Schumacher have warnings for investors headed into the fall alimrertisacto answer your questions after this this is my headquarters. This is where i trade and manage my portfolio. Since i added futures, i have access to the oil markets and gold markets. Okay. Im plugged into equities trade confirmed and i have Global Access 24 7. Meaning i can do what i need to do, then i can focus on what i want to do. Visit learnfuturestoday. Com to see what adding futures can do for you. Welcome back to the Halftime Report. We asked for your questions. You answered now were answering them first up, one viewer tweets a question for joe does this secondary offering by motorola solutions, a name we dont talk about very much, bother you absolutely not. I continue to stay long. I believe the stock gets above 200. I mentioned that before. This is actually a good thing. This is a reinvestment in the business on the part of silverlake which has been a fantastic partner. Its taking the ability of the credit markets, extend maturity from 2020 to 2024. Better rate on the convertible notes from 2 to 1. 75. So it feels a little heavy today. Yes, i get the logic behind that but silver lake is the one selling the 5 million shares hans in dublin, ireland or ohio, who knows. Asked if its time to double down on transocean or cut the loss on the stock. Which continues the decline weve seen year after year after year im not involved in these stocks for a while. I see no reason to be involved when there are so many other places to make money complete commodity youll not make money. Ron in long beach, california, has a question on options. Pete, i own october calls in united health. Buy some or hold the recent weakness id hold. You look at this trading 17 times. Stock was 260. Lower now. Its a great opportunity roy in ohio wants to know if he should continue to own at home group they beat on the bottom line, but unfortunately, they guided pretty darn weak thats why shares are down this was just last night they did it or the night before id stay away now. Finally, the big banks are coming back. Or is this really a head fake today . Steve in vegas kristen, whats your take on the big banks . On financials, what drove some of the rally weve seen today is the curve steepening. So a lot of this is going to be driven by Interest Rates and the steepness of the curve if we continue to get the front end coming down and see that steepening, then that can be continued support for financials good stuff there. Thank you for your questions keep them coming in the next couple of days straight ahead in the blitz, gm, Goldman Sachs, lyft and twitter. Were back on halftime. Two minutes. This is a problem that affects each and every one of us. Together with ibm, we created a whole new kind of School Called ptech. Within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. You know whats going up today . My poster. Today, there are more than a hundred thousand ptech students around the world. Its a game changer. Ptech students around the world. Here i go again on my own goin down the only road ive ever known like a drifter i was born to walk alone . Barb you left me hangin on the high harmony there. If you ride, you get it. Geico motorcycle. 15 minutes could save you 15 or more. Should always be working harder. Thats why, your cash automatically goes into a Money Market Fund when you open a new account. And fidelitys rate is higher than etrades, td ameritrades, even 10 times more than schwabs. Plus only fidelity has zero account fees and zero minimums for retail brokerage and retirement accounts. Just another reminder of the value youll only find at fidelity. Open an account today. Welcome back trader blitz General Motors the ceo is meeting with President Trump today. That follows criticism of the automakers chinese operations is it a reason to avoid General Motors or maybe buy it i would say its a reason to buy it when you have ceos sitting down with the president as weve said about tim cook and so forth, i think its positive. So i would say this should be a positive today with barra. Find out how it goes. Could be a contentious meeting not happy with trumps criticism of gm. According to a new report, nearly a dozen partners at Goldman Sachs may be exiting the firm by the end of the year. Joe, trying to trim some of the pay ranks at the top i think David Solomon is doing a nice job changing the culture and the thinking of what Goldman Sachs used to be listen, Goldman Sachs, 222 i believe was the high in july really peaked in march of 2018 at 275 its been the yield story thats kind of hamstrung this Company Overall if you get some relief, in the yield curve, a little bit of steepening, i like what david is doing here with the culture of the company this is not the Goldman Sachs that we all knew when we were trading against them 10 to 15 years ago. Okay. Lyft coming off a record closing low. And today Deutsche Bank initiating coverage on the stock with a buy rating at a 70 price target thats really aggressive. On a 40 stock. Absolutely aggressive uber and lyft both just reported not too terribly long ago. Lyfts numbers were definitely better and because they have a path to make some fun at some point in time, of the two, id buy that one that being said, right now its still a no touch all right twitter hitting a new 52week high despite highprofile hacks. You own the stock . I do own the stock. Im still there. I was thinking of buying more. Ill wait until it pulls back. Its in the consolidation phase. Political season, when their ad growth is going to rocket. Own it through the election. The ceo former ceo will be on next week scott and the Halftime Report are going to San Francisco for a couple days. Time for your final trades joe . Usb, jpmorgan financials. I dont think this is a oneday event. Stephen weiss cloudera. Not a oneday event. Nobody is liking the stock except for now one firm. Ftch, far fetch this is a luxury goods retailer. Theyve also partnered up with facebook for the libra coin. I like both. Continue buying twitter 52week highs. Breaking through there because of that, this stock is going higher from my standpoint, volatility dont be afraid of it. Use it like any other asset class. When its low, go in there and buy protection insulate your portfolios when high. You just made pete smile. Great show amazing show, guys thank you very much. That does it for the halftime. The exchange and kelly begins right now. Thank you, brian. Hi, everybody. Heres whats ahead. Better data and hopefulness on china trade data sending stocks soaring. Previous talks have led to nothing but titfortat tariffs. Is this time different brexit mayhem. Parliament pushing back. Boris johnson losing key votes and even the support of his brother. We have his latest remark and what it means for our markets coming up. A glance at the list of alltime highs can tell you a lot about the market these days. Whats topping that list today and if were setting up for a majo