Welcome to the Halftime Report. Im melissa lee in today for scott wapner top trade this hour, nike just did it the Worlds Largest Footwear Company posting strong earnings. The street buying the stock hand over phys today. With us for the hour, josh brown, Jim Leventhal, jon najari najarian, head of Global Investments at ubs shares of nike are rallying. Jim, you own it. Are you buying more . I bought a little bit more. I was hoping to load up the boat today, but i just cant, for two reasons. And i would love to get jays opinion on this, but its up 9 today. Im not going to go chasing it i think it will go higher from here, but the question is, i thought the Earnings Quality was really kind of low you had Gross Margins that went do down you had revenues that were okay, but a tax rate beat. So whyd you buy a little when the stock was up so much when youre throwing shade on the quality of earnings . Ive got a lot of dry powder left to go in this name. Im not going to buy it all today. Look,
Amazon raises cash to pay for whole foods. Goldman sachs takes a game to silicon valley, roosting storage for top tech talent. Betty this is daybreak asia, live from bloombergs u. S. And asia headquarters. I am betty liu, it is just after 7 00 p. M. In new york. After 7 00 a. M. Here in hong kong. I am shery ahn. Volatility falling, the japanese yen, and gold retreating this week. It looks like geopolitical tensions over north korea are waning. But political tensions in the u. S. Are on the rise. Betty you could not see that reflected in the equity markets by any means. That turmoil you are seeing engulfing the president and throughout the country, largely shrugged off by the equity markets. Certainly no rally like we saw the day before. We had markets closing unchanged. Ingestrs still trying to all the news and the impact at my it might have on business and the economy. Shery that Economic Data out of the u. S. Good july retail sales, that probably helped. Lets look at the markets in
Happy easter. Its a Beautiful Day in store for us. And lets start with our meteorologist, krystal klei. We are seeing areas right now with plenty of moisture, not really any rain yet and what we are looking at temperature wise, wow, what a nice start to our Easter Sunday. 61 degrees in philadelphia, and 64 in millville. Even up to pottstown, 57 degrees. Not the same today. Allentown, 50. Mt. Pocono, nearly 60 degrees. And then the radar and satellite maps, for us its clouds in place, but if we pull it out a little, its scattered light rain passing through parts of pennsylvania. And i would not be surprised if the areas clip parts of the cell this morning, but its a dry forecast for this morning and the Sunrise Services and egg hunts should all be okay. This morning clouds will start to clear with the isolated showers passing and then this afterno afternoon, windy and warm. By tonight, scattered showers will start to pass and its mild again overnight, so we will track out the hour by ho
European banks. Citigroup says it appears to be more companies than systemic. European equities are trading just under 30 minutes. There is your equities column. Look at the green gains. Norway, germany, netherlands. All rising because of the rebound in oil price on comments the russian president that russia is prepared to stake to take part in the freeze between opec and nato producers. These are your currencies policies currencies falling and bond yields. Look at brent crude. Up by 2. 5 . Getting to william hill. Shares up by 6. 5 , the most since july. Announcing it is in talks on a with ae combination poker stars maker. It would be the latest in a round of industry consolidation. 14 billion by the way has been splurged on betting Company Takeovers in the past couple of years according to bloomberg data. Another stock rising, shows up by 2. 8 . Proposal to buy the portfolio for 783 million pounds. Returning more than 700 million pounds. Interestingly, had previously agreed to sell t
The key question is who will be in Donald Trumps cabinet . Mr. Trumps advisers are considering jamie dimon for that job. Jamie, if you would like to call and confirm or deny we would love to hear from you. Plus mr. Trumps energy plan. He said he would cut regulations and revise the coal country. We have the ceo of Conoco Phillips with us to tell us how he is preparing for the new administration. I will be interested to hear from ryan lance. Live from the dealbook conference interviewing. We look forward to those interviews. Goldman on a tremendous run as there is lots of talk about repealing doddfrank and other factors. Comments earlier have chipotle up. Chipotle is benefitting there. Lets start with the dows run into record territory. Bob pisani has been tracking the action. The dow is outperforming everything up 1. 4 . Very unusual because the dow has a lot of stocks benefitting from lower regulations and the infrastructure play. Remember the dows price weighted. Here is the biggest