Of basic incomes. What do you say to people that their jobs are in risk of being permanently dislocated. I think theres a pretty good chance we end up with universal basic income due to automation. Im not sure what else one would do. You know, thats kind of, i think, what would happen. You know, people have time to do other things, more complex things, more interesting things. Were going to figure out how we integrate with a world in the future have advanced a. I. Thats going to be one of the toughest maybe technology the Technology Revolution has taken place to y today. It took place 200 yooerds years ago, and thats where the ludites were smashing factories in london. The same thing happens now, and tesla what tesla does, what elon does is say, listen, you show me how you can do your job better. Ill get a more interesting job for you. People of tesla are really delighted working at tesla. People working other places, they see if they can eliminate them, they eliminate them. Ill give you one last word. Then well wrap it up. Well, i did have a thought, but it would take too long to convey in this interview. Ultimately, i think there would need to be some kind of improved symbiosis with improved digital intelligence. Thats pretty involved discussion. Hard to do on daytime business news. Thank you very much for this interview. I really appreciate it. Yes, same here. Elon, we truly appreciate it. Elon musk joining us by phone. Thanks again for having us, ron. Lets get back to headquarters. Scott wapner and the half. The markets roll over and what should you do with your money just days before election day. With us for the hour today, jim levinthal, stephanie link, josh brown, john najarian. Are the eight Straight Days of losses. Hasnt fallen nine straight since 1980. 36 years. Tech and health care among the groups that have been leading those declines. The vix is up nine Straight Days. Im wondering if they believe thats a record. Is it more prudent to have an exit strategy or a buying plan . I think you should have a winner to the up side. You want to be peeling money off with each one of these moves that weve seen. With the vix, its been an kprierd move going from basically 12 to almost 23 in the course of a week. However, each time what weve been doing, scott, is weve been peeling off. We had the 1420 spread on. Took it off. Put more money to work on a higher spread and the higher spread now were in basically the 2029 spread for the vix. You just i think you have to take some off the table because when the vix breaks, it breaks very quickly, and i would not trade the levered vix etf. Overall thats where we should begin here. Whether we think that theres uncertainty about the election, says if trump wins you could have a 3 to 5 selloff. Is it more prudent for investors today to, as i said, steph, have an exit strategy in stocks or a buying plan if it gets a little messy to jump in . Yeah. I think you want to have a buying plan because im looking at the economic data, and im looking at the Company Fundamentals which are pretty good. You certainly have to have some dry powder, but i think what i have been doing is taking a little bit this week. Im not selling. Im actually buying. For matter what happens next week, right . The company that reported earnings, very good earnings, very good guidance and visibility, and strong balance sheets. The Management Team, that sort of thing. Some of the stocks are down a lot. Like union pacific. Its down ten straight from their quarter. Great company. Great franchise. Good balance sheet. Unlevered balance sheet. Thats something that im buying, say, today, but ill buy more on wednesday. If the stock falls even more. You look at the other companies. Tech, facebook, google. Great numbers. Stocks pull back. Terk has been rolling over. Tech is down eight Straight Days. Those stocks have had a great run, though. To answer your main question, the horse has already left the barn, scott. You know, were 5 off the 52week high and the s p 500 last night which wasnt that long ago, and i do believe this is an election concern that the market has here that theyre concerned about a trump win. Lets dissect that for a second. Trump is not antibusiness. He is probusiness. What is the market worried about . Its worried about International Relations with trump. Whats he going to do immediately with mexico . Whats he going to do with a wild card like north korea or iran . Those worries dont come to fruition next wednesday. They come to fruition piecemeal over time in the next four years. To buy whats left about the points of a 5 drop, you may have already had the drop. I definitely think that this is a time everybody has to have your watch list of stocks to buy, and over the next foo days, you should be buying. Anybody buying health care today . I think you can buy health care today, and i would point out specifically look at the ibb. This is the biotech index etf. You have whats heading up to be potential for an inside day at the end of a prolonged down trend. Right now you basically have a scenario before you dip below 30 rsi. You found support, and you got a little bit of a turn where these stocks found support in late march and again in june. Could be a triple bottom if were having an inside day, the significance of that psychologically is that neither the bulls nor the bears feel kfrt enough to push this thing in either direction. Look, you have the biggest dash for cash among investors since 13. In three years because of the uncertainty that is around in the market. Judge, if as i said, that sort of characterizes the last few days as though its its felt as though the market is teetering. And it hasnt moved by huge amounts. Its teetering, and it doesnt feel like its leaning in the right direction if you are lost. True. Peter, question, should you sell . Right now i would answers it, number one if you are in taxable accounts. The tax that you incur is going to be more debt nejts e mental to your longterm training and investing than the perhaps 3 to 5 that citi is talking about and that many of us here on the desk have talked about. That would take us a 5 decline would take us to approximately a 10 overall off the top. If you had a nontaxable account, however, judge, 401ks, iras and the like, i would take an awful lot of that off the table here. If you cant edge, you need to do Something Like that. You would take 401k hang on. You would take 401k assets out of funds and put them in cash . If im expecting, which i am, josh, expecting 3 to 5 3erz drop next week. Of course, i would. Theres no commissions these days. Commissions are zero. Who can time it this well. Maybe you can. Guess what, i couldnt. Guess what, i think you absolutely 3 to 5 is a welcome were going to have an election. November 9th were going to have a reaction to that election. Its either going to be a surprise one way or the other to democrats or republicans do we agree on that . What if we saw the market go up 3 to 5 . We could. Its off already 3 . I want to make sure its more than hold on a sec. I want to make sure year clear here. You are telling people today to go to some level of cash. If theyre a non in their 401k. If theyre in nontaxable accounts. I think its about i. R. A. s. If you have a nontaxable situation for a 3 to 5 pullback, you want people to make that. Were lucky at 3 to 5 . And then time it well enough to get back in . I think 3 to 5 . 3 to 5 . Lets say you have 100,000 portfolio, you miss 3 , thats 3,000 to the up side. Most people are more concerned about losing money than about making money. Its not this game for the longterm. It isnt about making money. Its about not losing money. Most of our clients are asking us dont make me rich. Just dont make me poor. What we do is i put on hedges. Not everybody trades derivatives, though. For us weve put on enough hedges with the vix and the s p. Our guys arent i would give you alternate advice. I would say to someone if theyre concerned about with 3 to 5 , they understand they would never make money with that attitude. When you are talking about 401k assets, ira assets, you cant touch the money for 20, 30 years anyway. Whats the difference if you have a door to 5 down or even i if if its 10 . I dont know that im good enough to tell people, all right, i got you out. Heres the trump swoon. Now were going to rebuy all these markets. I know whether you are, and you are probably not, and who is . Who is . Thats the point. If we thought that this was a 10 decline from here, okay, then you have an argument to make. Im going to make this argument. Youre not going to have a 10 decline. Not with the economy growing 2. 5 to 3 . Not what the labor market putting up 160,000 jobs a month still. You have to have a recession here in the u. S. My opinion. In order to get a 10 decline. The trump win is not going to send this market down 10 . To that point, i think you want to go back to the fundamentals and companies that are reporting earnings. Thats the good thing about this whole timing. Were getting the Company Reactions and the data points from them realtime. Right now. These companies are reporting, giving guidance and showing visibility. Not everybody is reporting good things. Those that are . Those are the ones that you want to put on your laundry list to buy. 3 to 5 correction. You dont want to sell it today and buy it back tuesday. I dont think anybody nobody is really good enough. Theres a higher chance of one of these types of corrections around Inauguration Day when the tanks are rolling down the street to celebrate. I think, you know, we have to wait to see how serious we are about all of these trade restrictions and proposals before we say the market is going to completely lose its mind. I dont know if we have any sense of whether or not he is going to push for one thing versus another in the event of a trump win. I would demure rather than try to find all right. We obviously know election uncertainty weighing on the markets. John harwood joins us now. Live from washington with the very latest on where things stand in the race. John. Lets just step back and look at the big picture. We have a national abc newswashington post tracking poll which showed donald trump edging ahead earlier this week. Now Hillary Clinton is up by 3, 47 44 . That roughly tracks what we see from the battleground state picture. Look at this nbc news map of the electoral vote count. Hillary clinton has slightly more than enough states either leaning or solidly her way to get over the 270 electoral votes she would need to be directed e elected, but weve got a weekend of campaigning to go. Both candidates are look at Hillary Clinton. Shes defending turf that barack obama carried twice over the next couple of days. Youve got pennsylvania, wisconsin, florida. All states that Hillary Clinton is trying to hold on to to prevent donald trump from climbing beyond the 270 votes from the 206 that mitt romney got four years ago. She also has surrogates like president obama, joe biden, Bernie Sanders out for her. Different tasks for donald trump. He has more places he has to break through. He is campaigning this weekend in one state, north carolina. Mitt romney carried it. Hillary clinton has been running strongly, and he has to hold on to that, and he also has to break through in states like florida, ohio. He needs to do well in it colorado, new hampshire. All of these are potential targets that could be part of a donald trump path to 270. An uphill path. Not an impossible one. Thanks so much. We keep watching the map, and we keep trying to come up with investment strategies. The s p 500 approaching a key level, right . 200 day moving average. Its certainly one to watch. Jim cramer on the show says he hasnt seen the carnage like youre seeing in health care since the banks in 2008. I just want to make sure i want to give you a chance to sort of clarify exactly what you are saying. Sure. Im saying the advice from this desk is taken seriously. Well, so Jeff Gundlach on our show, multiple times, has targeted a certain level of the s p 500. If we stay below it for longer than ten minutes if you close below a couple of levels twice. Yeah. Which we have. Right. Now, if you start getting people selling as citigroup says this morning that you could see a 5 , i am not saying it stops there, judge. Thats why i have puts for our clients. We have vix call spreads for our clients. If you are somebody who has never done a hedge like that, then when youre questioned, should those people be hedging or raising cash, if they dont have any other dry powder to buy on a dip, then what are they going to do . They dont get any benefit when the stocks drop. Instead they just get hurt. To those people who dont have a Financial Advisor like josh or jim or even tiaa where steph is, then they need to make some move. If they dont have puts, dont have calls, they need to make a move. To johns point, and i think this is actually the most important aspect of this, were talking about different people at different phases of their investment in their life. If somebody has already built up a seven figure i. R. A. Account over years and years of accumulation, and thats the money theyre about to start spending in the next few years. Absolutely. Protecting that is something that should be discussed and carried out. If someone is in their 20s and theyre dollar cost averaging out of their paycheck into a 401k, the only thing they should be doing if they sense, you know, my spider sense tells me volatility is coming is upping how much theyll be contributing. Not thinking about protecting 40,000 that theyve paid over two or three years. I think thats an important dis ik i could distinction we need to make. Im a big proponent of dollar cost averaging. I do this every single day, and its impossible to climb. Thats why you have to go back and view and look at what is your objective . What is your risk profile and your risk tolerance . Totally. I mean, john has a point, sure. So does josh. I think were trying to give you the advice of really looking inside yourself to try and see what you are comfortable doing. If you are an individual investor, this election is supposed to be reflected in your asset allocation. Your advisor, whoever it is, is supposed to get your risk tolerance right. Thats supposed to be reflected in your asset allocation. If, however, youre a portfolio manager, as several of us, including me are, youre looking at this as an opportunity to buy stocks on the cheap. Ive got cash on the sidelines. Im not fully invested. Im looking at this opportunity as a chance to buy those stocks on my watch list at better prices than they were two weeks ago. If the stock market goes down on november 9th, its more likely to bounce back up in my opinion, ala brexit, than it is to be a bear market. Thats what weve said all week. Weve said that for two or three weeks leading into this. Were going to see a spike in volatility regardless of how the election is going because its going to tighten up, and now according to mr. Harwood, its swinging the other way again. Well see how much vol comes out here, judge. Like i said, nine Straight Days. We have never seen nine Straight Days of higher closes in the vix. That tells you something. The damage in the actual indexes theyre small. No, exactly. Aint much. What is that telling you . Its telling you people because the vix isnt something that the retail plays. The vix is something that pros play. When people are putting on like they did yesterday afternoon, says 25,000, which is 2. 5 million share ekwiflent at the 19 strike in the vix and sold the 30. That wasnt me. Thats a hedge fund thats worried about what could happen next week. What does that tell you . Youve only moved this much. Somebody is putting on a trade for us to move this much. All right. Heres what else is coming up on the halftime report. Shares of tesla down 20 this year. Elon musk talking about the company today on cnbc. If you have factories in electric cars, you have a complete solution to Sustainable Energy future. Investor ron barrons saying this is a stock to own for the longterm. Next 15 years we can make 30 to 50 times our money. Is it a risk you want to get behind . Big names report next week. On the list, kohls, macys, nordstrom and more. Is the seconder on sale, or should you stay away . More halftime in two. Were drowning in information. Where, in all of this, is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. Ive never liked marijuana. But im voting yes on prop 64 to legalize marijuana for adults 21 and over. It has important safeguards for families, like strict product labeling and childproof packaging of all marijuana products. And banning edibles that would appeal to a child. Raising a teenager, that regulated system makes a lot more sense than what we have now. Plus, 64 taxes marijuana to Fund Priorities like afterschool programs. Personally, marijuanas not for me. But my minds made up. Im voting yes on 64. Welcome back to the halftime report. Want to touch on that for just a moment. Some reporting ive been able to do, according to sources that this time the twitter board is not actively pushing Ceo Jack Dorsey to choose between running that company and square where he is also the ceo. Im told that even with twitter stock slide and continued under performance that dorsey still has the full support of the board, and thats largely because of the boards continued belief in dorseys abilities as a product person. He is said to be fully focused on improving twitters user experience. You saw twitter shares just there. They did rise into the low 20s a few weeks ago, and those reports of a possible deal. Theyve moved back towards where they were before those reports surfaced, but there they are. Youre the shareholder. Stock is at 18. Weve had bill miller come on. He is a shareholder. He said jack needs to choose. Ross levinson said jack needs to choose. Sources tell me the board is not telling dorsey. You need to choose. The stock is inching up, in the meantime. Lets separate company from the stock. The company is every bit as elemental to what wets going on with the election. What happened with the world series and all the things we talk about. The stocks have been inching up above 18. 5. It gets into the gap here. The post earnings gap. Were not getting bought out gap, and that could get interesting from the long side. The one thing they havent tried is maybe having dorsey be the ceo of three companies. In all seriousness, weve had two very well respected people come on the show. One a great investor. Im told the board is not putting any pressure at this time on dorsey to do that. Is that a mistake . What if they report earnings and they say we grew by 10 million users instead of 5 million. Our engagement metrics are up, and some of the new ad products are catching fire. Are people still going to be saying, oh, he has to choose . Were very much tied to what have you done for me lately . He hasnt done much for investors lately. That could change on i adime. Do you want to choose . I dont care that much. Then somebody coming from somewhere else and taking a year to figure this whole thing out all over again. Probably not being able to. I also think that from a sent meant standpoint, the twitteroty, they want him. They get whats going on. They understand theyre not happy with the share price. Every single one of them had a conversation with. They either want him. It you dont think the board should be pressure on him to choose. I think theres enough pressure on him already. Putting pressure on him. If all of a sudden they brought in something new, unless it was, you know, musk, if you put somebody else in this spot, theyre in the captains chair on the same ship. I dont know where that goes. If you put it in to Something Like a google, then you see a reaction obviously, and i believe thats one of the only real positives that could come out of twitter right now. Is this really a oneman show . Josh, i know you are twitter is very important to you. I dont use it anywhere near as much as you, but is any Company Really a one man show . No. The show on twitter, whats really going on, is the user base. As long as celebrities, athletes, politicians, reporters, people who are influential continue to put on the show each day on twitter, which they do, and as long as news breaks there first and it maintains its place in terms of importance, you could have a ceo and pulling some levers or hitting different buttons, it might help or hurt a little bit. I really think this is about the asset right now and what the assets could be worth to a future acquirer. Thats what most investors seem to be focused on. There are shares of whole foods, which are halted for volatility right now, which its interesting that the stock was downgraded to a sell today at bank of america, merrill lynch. Thats a spike there. Halted on volatility. You guys have thoughts on this one . Generally when you get that sort of price spike, i mean, youre thinking give me something on the stock. This is a story on whole foods. It trades at a premium. It trades at a premium to the rest of the grocers, says and theres no look to competition in whole foods. You got krogers with an organic food department. You got any supermarket that has organic food. I dont see anything distinguishing whole foods from the rest of the supermarket industry. Yet, they trade at about five turns more in terms of a multiple. I would be worried in this stock. I know its gone down a lot over the last couple of years, but i would be worried it goes down further to match krogers. Take the helm and john i actually think thats positive. Again, simplifying the Management Structure is always a good thing, and i would say on the twitter for half of a second, says why couldnt you have a chairman roll and then have a new ceo come in. I just think a cleaner structure gives investors a little bit more confidence with whole foods. You saw that stock spike not because of the quarter the other day, but because they changed the Management Structure. They have a lot of stuff to do, though. Their quarter is horrendous. You have more on whole foods . You guys. The reason why those shares are spiking right now is because of a bloomberg headline coming out saying that a whole foods investor or shareholder is said to plan to push for changes at whole foods, including a possible sale of the company. This according people familiar with the matter. Thats the reason why those shares are spiking right now and its on those particular headlines. We dont have a lot more right now and well brif you more. Well see whats going on there. Thats the reason why those shares are spiking, scott. Back to you, guys. It reminds me of yahoo where they have dominance. Internet content and the advertising that goes along with it. Then other competitors come along. The landscape changes. In the case of whole foods, you could bring that to ceo. You could push for changes at the company. Whatever you want to do. At the end of the day ten years ago you did not have as many people offering the same type of organic grocery highend Shopping Experience that now whole foods faces. Theyre not facing startups. Theyre facing some of the most established players in retailing history that are doing what whole foods does, doing it at a better price point and a more convenient way. Then winning this why wouldnt someone like a target go after Something Like a whole foods. Theyve had a huge problem on their grocery business. They want the real estate. They want those leases. Why cant they just imitate it . They want the quality, and they want the name brand, and they want maybe the locations for sure. If you listen to what the ceo of target wants to say, i mean, what he has to say about the company, what they want to do with their grocery business is certainly make it like a whole foods. They dont think they can get there overnight. That kind of combination sort of makes some sense to me, and with simplified mrgt structure, maybe thats also easier to get. Activist investors eyeing whole foods is a lot different than an activist investor in whole foods as we speak going public and making a whole bunch of noise. Remember, there was a report that activists were eyeing twitter. You know, a few months back. Yes, the stock spiked. We tried everything, though. They have more money under management. Activist hedge fund is a category than theyve ever had. Theyre eyeing everything. Why wouldnt they . This is a stock thats been pummelled. It was 70. Its in the 20s. Of course theyre eyeing it. This is an industry known for terrible margins. If anybody is going to be buying this, you know, you would see the stock up 10 if there were an actual buyer out there interested. Thats what im saying. Activist Investor Funds studying whole foods. Theres a long road to go before you get to an actual sale. The sale is going to be if there were a sale, it would be impeded by the fact that this is a difficult industry. Grocery margins have always been terrible. Whole foods has enjoyed a premium margin, right . Whole paycheck as the saying goes. For years that moat to competition has evaporated where. I would like them to spin off the produce. I mean, what are they going to do here . If you dont think theres a buyer, why would you get involved . I dont know. Weve seen the stock come down a little bit. European markets are closing right now. Seema has those details for us today. Once again, its the pound that is at the forefront. Now trading at a onemonth high as investors bid up the currency on the prospect of a stock brexit after the high court yesterday ruled that the government must get the approval of parliament to initiate that formal process of leaving the dwrurp even union. Although foreign minister Boris Johnson today saying, he would not read too much into the rulings. In it exactly one month italy will host its own referendum. Prime minister renzis intention is to streamline the political system and reduce the number of steps to get laws passed, which would help expedite his economic reforms. Its a vote that will likely decide the fate much italys leader, and the big risk is if the vote doesnt go in his favor. It could ultimately get power to the fivestar movement, a populist party that has been calling for italy to leave the european union. Now, the approach december 4th, the day of the referendum. It has come off their lows. Sharply on the year. Down 82 yeartodate. Down 75 . The biggest seema, thanks so much. Shopping for retail stocks. The big names on deck to report next week. Our desk will give you their top picks in that sector. Plus, go pro is diving after a disappointing outlook and starbucks sales perculate. Straight ahead in the blitz. Bend me shape me, any way you want me as long as you love me, its alright. Shape the best sleep of your life. Sleep number beds with Sleepiq Technology adjust any way you want it. The bed that moves you. Only at a sleep number store. This is my retirement. Retiring retired tires. And i never get tired of it. Are you entirely prepared to retire . Plan your never tiring retiring retired tires retirement with e trade. Im in vests and as a vested investor in vests i invest with e trade, where investors can investigate and invest in vests. Or not in vests. Sign up at etrade. Com and get up to six hundred dollars. Im courtney reagan, and heres your cnbc news update at this hour. Two former aides to Chris Christie were convicted on all counts of creating an epic traffic jam on the George Washington bridge for what prosecutors says was political revenge. Sentencing for bill baroney and Bridget Kelly is set for december 21st. A distraught kelly appeared with her attorney. This is the first step in a process. This is the first step in a process, and this is not over, i assure you. Were going to have another news conference, but it may take or year or two. It will be discussing different issues and a different result. Over 60 hedge Fund Employees from the Greater New York city area gathered last night to raise money and awareness for homeless youth. They spend the night sleeping outside the Covenant House to experience what its like to be homeless. They raised nearly 200,000. And thousands lining streets of chicago to cheer on their beloved chicago cubs. Winners of the world series for the first time in 108 years. T they ended for an official ceremony. Brett eldridge and illinois native is singing go cubs go in that parade. Back to you. Courtney, thank you so much. People may be staggering through much of that parade route. I think i might be able to catch some of it still. Look at all those people. Where is that . Is that Millennium Park . You should have seen the turnstiles when they opened the gates this morning. They have these shoots just like in a marathon for people to go running through. It was a mad dash. Im not sure that theyre lakeeffecty that the weather is as good as it is. A lot of folks always wonder why do they do it during the week . They have a lot more trains during the week than on the weekend. My daughters are out of school today for it. I mean, they didnt skip school. School was canceled. All of chicago should be out for it. Were going to take a quick break and come right back. Take your positions ahead of some big retail earnings coming up next week. Weve got kohls, macys, nordstrom, penneys. Plents more when we come back. Im only in my 60s. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rest is up to you. Call now and find out about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans, it could save you in outofpocket medical costs. Call now to request your free decision guide. Ive been with my doctor for 12 years. Now i know ill be able to stick with him. [ male announcer ] youll be able to visit any doctor or hospital that accepts medicare patients. Plus, there are no networks, and virtually no referrals needed. See why millions of people have already enrolled in the only Medicare Supplement insurance plans endorsed by aarp. Dont wait. Call now. Power lunch starts in 20 minutes at the top of the hour. Weve got a new war on drugs. This is not about nancy reagan and heroin. This is about Bernie Sanders and pharmaceuticals. Washington taking aim at big pharma. Is the sector becoming uninvestable . China taking over hollywood with the latest acquisition may be signaling for the movie biz. Aint it a great country . Not only can you eat twinkies and ho hos. Now youll believe able to invest in them. Scott, back to you. Wish we had some right now. Next hour. Power lunch. We got it right on the set. Come over where. Im going to raid her desk. Thanks, michelle. Retail earnings kicking off next week. Well hear from kohls, macys, nordstrom, penneys. Many more. Do you still own jc penney . I wasnt going to mention. I was going to make a trade that i wont mention jc penney if nobody mentions amazon, but im sure both sides much that trade are going to get blown up. It is what it is. This is not exactly a quarter in which anybody is expecting fireworks from the retail sector. I do still like jc penney, i like nordstrom. I know you own that as well, stephanie. Really this is all a leadup. What are they going to say about what theyre seeing as far as Fourth Quarter buying . Its the Holiday Season thats going to carry these stocks. Wayfarer on tuesday. Short interest there . Kohls, macys, nordstrom . I have been selling from nordstrom. 42 from the low. Im still overweight it, but i have been putting it into macys. Even more thats a consensus long, its much cheaper. It has a much better dividend yield, and i like the restructuring of what the cfo are doing. I really i really dont have any sense when i look at that any of them are under accumulation to where we started to move. They have all bounced nicely. To stephs point, if you bought them in february, theyre in no mans land, and fundamentally none of them have anything particularly exciting to say. What were basically still talking about even going into this Holiday Season is its ecommerce, which they do okay at, but they dont own it versus brick and mortar, which is pretty im not excited about anything in this group. Not big enough dividends or buyback programs to get me there either where. Up next, the big go pro turnaround. That stock got hammered after its earnings. Now it is up 3 . Well talk about why next. Were back on the halftime report. John najarian tracking unusual activity today at the telestrator. Babba. Earnings this week, judge. The stock popped to 105. Slammed back down into the 97 or 96 range. Make it a bit of a recovery today. Its only up 25 cents. Somebody comes in big. They buy the 101 calls. November expiration. That volume spike 10,000 of these calls were purchased. It was a spread, though. They bought 10,000 of those. Sold 10,000 of the 105s. That is a 4 spread, judge. They basically paid about 85 cents for it and put about 850,000 to work. Theyre going to own a million shares between 101 and 104. That is a big bet, and alibaba, i think, will start moving. I bought the called along with this big buyer. All right. Make your way back here, doc. Thanks very much. Up next, the oil and natural gas producer that stephanie link says is best in class. Its shares are surging 32 this year. First, a look at the s p sectors today. There they are. Health carec is leading the way for a change. Were back after this. Inconceivable. Same way . Chasing after short term returns. Instead if getting caught up with the crowd, the Investment Managers at pgim take a long term view, teaming specialized active investing with riskmanagement rigor, to seek out global opportunities. We manage over a trillion dollars this way, attracting many of the worlds leading investors. Partner with pgim. The Global Investment management businesses of prudential what are you doing . Getting your quarter back. Fountains dont earn interest, david. You know i work at ally. I was being romantic. You know what i find romantic . A robust annual percentage yield thats what i find romantic. This is literally throwing your money away. I think its over there. That way . Yeah, a little further up. What year was that quarter . What year is that one . 98 thats the one. You got it nothing stops us from doing right by our customers. Ally. Do it right. Lets get out of that water. Were back with our trader blitz. Eog reported a smaller loss than expected. You say the stock, steph, is the best in class in the space. It truly is. This is the best Management Team that got the best permean assets. They continue to drive cost lower. Its not very many. Any Energy Companies for that matter that are doing that. I think you still have to stay on board on this name. Twilio, josh. Still expected lower. Its going to be a rock n roll stock in both directions. Very high beta. Very small. Its going to make outside reaction. Its benhamered enough that you can enter this if you want to be part of it. I personally am not. Jimmy, record profits at starbucks. Starbucks is a great, great company. Let me make that point. I think the shares are pricey, even after languishing for the past year. It should be on everybodys buy list and maybe wait for it to get cheaper before you start to nibble. One thing i didnt like in this, i believe Howard Schultz referenced the uncertainty of the election as impacting u. S. Sales. I dont think people are backing off on their coffee purchases because theyre worried about a trump election. I say that more for humor than fundamental characteristic of the stock. You saved that humor for another venue, sir. I want to jump back in and jump back forward again. I just said cramer has the ceo of twillo tonight exclusively. So i want to make sure we mention that. Jeff lawson tonight with jimmy. We look forward to that. Back to starbucks, is the stock broken . Has it been broken . It is possibly a value trap. A decelerating growth story. It is still a great company. There are International Markets still open. Everybody thinks is starbucks is a great company. Yea. Stock or not . Honestly, this is what i was saying, i was saying you dont have to go buy this right now. It is possibly a value trap. I dont think you lose money in it, but there is nothing to move it higher over the shortterm. Okay. Go pro is moving higher now. That reverses a huge 20 loss. The Company Reported a weak quarter, weak guidance. They have got a product that a lot of people like and i love the hero 5 as well as their drone product. And i think the big beneficiary will be best buy. Let me do a mea culpa. I talked about unusual volume. I bought the 12 1 2 calls, sold the 13s, paid 22 cents for it. That thing looked like it was toast last night when stock was trading below 10. It has come back and maybe ill get i would say most of that 22 cents is gone, this one didnt work out. Anybody where is this company in a few years . Owned under somebody else . I think a private brand rather than a public company. Like a best case scenario, somebody with a much, much bigger base of consumers to market this to wants the ip, wants the brand or something. I dont know this is something i want to be in. Stand alone and to the credit of the show, i think we marginally stayed out of this since it has become public. Just three hours to go until the close. Were going to look ahead to earnings next week when we come back. Valeant, shake shack, disney, there is the board. We talked about the retailers. Well hit the calendar next. Well, when you win the world series for the first time in 108 years, you throw yourself a big party, thats what theyre doing in chicago right now. Doc will be back there later. Yep. Making his way over, hoping to catch a glimpse of all that. Good luck getting back into the city. Well, i think ill take some Public Transportation from the airport, judge, just like you last week. The only way to beat the traffic in chicago. I dont know if thats Anthony Rizzo himself or a fan, but a big day in chicago. Lets look at the names set to report their earnings next week. Valeant, a lot of the retailers, what are our big thoughts here, disney. Let mgm. Do that first. You had wynn disappoint and las vegas sand did a good job. I think both companies, though, signaled that las vegas remains very strong. Thats good for mgm. Thats the one i like. Concho, they report next week as well. What about disney . Thoughts on disney. How much does the subscriber im a buyer. I dont own it. If they disappoint on earnings and the stocks take a hit, im a buyer. I think there is cyclicality with the election overtaking peoples interest in sports programming, sports content. I genuinely think the movie slate looks great. And the stock will get hot again. If they want to beat it up because the bad espn numbers already out, we all know them, to me it is a year and a half old, the story. Enough already. Im a buyer. Viacom is reporting next week. Both disney and viacom can give some color, some qualitative color on what is going on with m a activity. Reported and gave you when you needed to know. Viacom is not going to add anything new on that angle. The difference is disney the difference is disney and content. I think im not saying that by any means that viacom will announce a merger or Something Like that, but they can address what is going on in the industry during the call. Talk about cbs and whether or not there is interest, strong interest and it is probably very strong. They cant be ignoring what is going on. All right. Lets go back to the election, the markets and the look ahead to next week. It starts to get hot and heavy, obviously. I think it was a week ago when i suggested we were talking about the market and said what if trump wins, josh laughed at me. Now you laugh, yes. You laugh. I said what if trump wins. You said good luck. No, look you say hes going to win. I have a bet with my Business Partner that hes going to win, for a month. So i think he is going to win. The question is are investors prepared to which i scoffed because who knows well cue up the thats how i took it. I think hes going to win. I thinks going to win. I said it for a while now. Doc . I think hes going to win. I think it is going to be the downtick is where it is going to get real interesting, judge, because a number of the states that were the battleground states that he has to win were also states that the democrats were counting on for swinging the senate and or none of us really thought the house was that much in play, but potentially the house. Now i think thats all youve been talking about making shortterm moves in the market. What do you buy . Buy bonds or my buys on the day after will be something similar to disney, facebook, exxonmobil, procter gamble, those will be stocks ill be looking at if we get that 3 or 5 dip. Big blue chip dow stocks. You bet i am. Thats what i go after. Steph . I dont know whats going to happen on tuesday. Im looking forward to it getting im looking forward to it getting lets get past it. Shes not allowed to say. Thats right. The point is, i want to get past it. Well give you a pass. Give me a pass. Im buying stocks. I have a laundry list. U. S. Steel, i think the steel stocks are poised to move higher. Pricing is getting higher. On wednesday, the election is done, we focus back on the economy youre not going to say either . Give me a second. The show is over, see you. Power lunch starts now. Im michelle carusocabrera. And the jobs factor in the election is topping the power lunch menu as the candidates head into the final stretch of the campaign. Live reports on the economy, and the polls straight ahead. And there is a new war on drugs, yes started in d. C. Again, but not cocaine or heroin in the cross hairs. It is big pharma. Is the sector now uninvestable. And the disaster du jour that got us thinking have we reached peak gadget . Power lunch starts now