Cooperman joins us for the hour. The Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you with us on this tuesday. Our Investment Committee here today, josh brown, stephanie link also with us from boynton beach, florida, leon cooperman, we will get to the selloff in the market today, the fall off for apple first a story thats new at noon today. It is a new position position for David Teppers appaloosa intel sat is negotiate with the fcc. Tepper writing the governments proposal is quote manifestly unfair to the company in part because the terms are difficult to meet. Tepper projecting accepting the proposal would take on serious financial risk he wants a new agreement with the fcc or face the possibility of bankruptcy or litigation from shareholders i spoke with tepper. He said, quote, he want a smart agreement for all parties and this isnt smart for anybody you can see the stock there is a big mover today, up more than 17 . It has been a lose
is to. we will debate in our call of the day. the investment committee is ready to go. halftime report starts right now. welcome, good to have you with us on this thursday our investment committee at the desk, joe terranova, steve weiss, jenny herring ton we begin with the markets. the major averages getting everything back from the coronavirus selloff, and then some weiss, this week dow is up 3.5%. basically, s&p nasdaq is up almost 4%. okay semis are having their best week since november of 2018 thank you all is good in the world now. or is it. yeah, look, i think we have the same issues we had before, that the coronavirus is being treated as a short-term disruption, perhaps mostly in china, maybe economics but these things always get overstated when you start reading about unfortunate deaths, oh, myrestrictions but when you look back, you say you know what, it is an opportunity to buy more expose ooir change around exposure in the market. i find it interest
the investment committee is ready to go. halftime report starts right now. welcome. good to have you with us on this wednesday. our investment committee with us today, joe teranova, steve weiss, we begin with the markets where, believe it or not, s&p 500 could hit a new record high maybe today. stocks nearly recouping all of their coronavirus losses steve, it s been quite a remarkable comeback from the depths to banging on the door of records again. it is there was a lot of panic, a lot quickly. and just as quickly we erased it about 40% were financial advisers nobody brought up, that was on the biggest decline. in multiple conversations, nobody brought them up sentiment continues to be positive i think it s appropriate the coronavirus, other pandemics, if corona is even a pandemic, sure, they may be with earnings like united airlines but you have to buy it when it s down not when it start goesing up we have a pretty good runway of this market, another quarter or so bef
Brent below 42 for the First Time Since 2009. We begin with shares of chipotle falling hard. The company issuing disappointing guidance on another e. Coli outbreak. And a 14 billion acquisition, huge premium for Keurig Green Mountain. Its going private. And ges deal with electrolux is off. First up, Keurig Green Mountain has agreed to be taken private. The Investor Group led by j. A. B. Holding. Coke, which owns about 17 of keurig says it is fully supportive of the deal. Keurig will operate independently as part of j. A. B. s coffee platform. What else do we know about this. The main one they own is jacobs they did a deal with mondolese back in 14. It was completed in july, actually, of this year. 44 of that company is owned by mondolese. The rest is controlled by jab. Mondolese got 3. 8 billion euros for selling their Coffee Business into this. Theres an enormous platform that already exists for selling coffee. The key here is keurig, which has been Battle Ground stock, which has cert
One. I love that you get the great pronoun usage to you always use we and our, when describing your company s. I have seen you with the apron on. Gary Everybody Knows you have been affiliated from the beginning but one thing i have that you got on starting home depot. The concept was we will take a business that Everybody Knows but we will scale it up. It was outrageous. There was an opportunity to do a lot more. Ken first of all, you had wriggle and channel here. Many monopolies. These to get together at the Hardware Store in chicago and swap ideas. Gary the basic premise was we have scale. Ken somebody had to find a way to get the margins down to 2728. That is a huge compression. We said low prices, wide assortment. You think you could start home depot today . Ken i think we could. We were generous, aggressively, with stock options. We thought if we want to have employees. We always called them an associate. The thing that matters more to home depot more to me about home depot, we ha