Street. Im Carl Quintanilla with jim cramer david faber is off today we get strong retail sales for july up. 6, nearly twice the estimate europe is mixed. 10year note near iing 10. 10 no. And netflix on his strategy to beat the Competition First up, under armours brian plank and intels krzanich join Kevin Frazier in resigning from the Manufacturing Council not all of them worded exactly the same way. Thats the most important thing. Theres different constituencies mr. Frazier from merck was offended it wasnt immediately labeled as white supremacist, as opposed to extremism of all race and color. Not mentioning the president by name. And kevin plank took some heat for being on the council. His constituency is made up of not just people who are shareholders and work there but people who he hopes to be able to get to endorse. So they all come from different constituencyies. Like larry somers says, everybody should resign. It depends on your constituency. It is of no interest to the public
Good Tuesday Morning welcome to squawk alley. Joining me at post flnine this morning, sarah eyeseyer eisen. Also joining us is roger mack in a my good morning to you. A lot to get to to dafrment first up, faang stocks several hedge funneled managers bearish on the stocks in the Second Quarter third point, aprpaloosa and soro are liquidating 18 stakes in those areas. They speak out on the companys streaming strategy versus fellow faang stock amazon you wrote an oped in investing in the stocks two days ago do you seenlt. Turning as were getting the filings to day i dont yet and, in fact, what i am really curious to know is where the money went that was taken out of the stocks if you look at by funneled, the sales werent in general huge. Most of them look more like trims than, you know, lots of dumping. And, in fact, the thing that i think everyone looks closely at tech recognizes is that the faang stocks are leadership stocks for a really good reason. Their market power has given them hu
Still positive on stocks and short bonds. Tepper telling me of the markets, quote, any comparison to past overheated markets are ridiculous look at where multiples and rates were in 1999 im not saying stocks are screaming cheap, but youre nowhere near an overheated market, he said. Tepper calling his short of bonds a hedge, a trade that is not working now, but that hopefully will tepper citing strong Global Growth and low bond yields as two of the principle reasons he sees more opportunity ahead in stocks telling me, quote, because world growth will continue to be good, earnings will be better and stocks are relatively cheap to Interest Rates asked where rates would begin to become concerning for him, tepper telling me, if rates go up a lot, the market would have trouble with that, but 50 basis points is not going to make a difference, he said. I asked him about his portfolio, his 13f revealing yet that he continues to like tech tepper owning positions in names like alibaba, afl belpha
Vegan nail treatments, taking the Retail Experience, and we do mean experience to a whole new level. Well take you for a tour. Pass the avocado juice, everybody, because power lunch starts now im brian sullivan, none of the major indexes are moving that much. The dow tufrned negative but the dow would be higher if it wasnt for home depot, shaving 45 points off the dow this despite an earnings beat and raise the outlook. Investors looking for a little more from home depot outside of that store pretty of an empty parking lot for Retail Stocks and investors in Advance Auto Parts losing 20 of the money both retailers missing profit fimts and giving weak guidance Energy Stocks under pressure crude oil back down to the lowest level since mid july. We begin here in new york President Trump will be focusing on infrastructure today and his arrival come as mid large protests at trump tower. Heres the latest on those stories. Reporter the president is continuing his working vacation at trump towe
International panel this morning and i will introduce each of our Panel Members. The first one is a member of the emirate mars Strategic Planning team. The duties are to ensure the impact of good journey to mars will be sustainable, leaving it an everlasting effect. He is also the cofounder of the bowels of show, which is a Youtube Channel aimed at making Science Technology accessible to our youth in that area and has been quite successful. So, said. [applause] next is shooed shirov the readers working not for Human Spaceflight Technology directorate in japan. He received his degree in the special icing and design of intelligent controller for an economist walking robot under microgravity environment. She is currently in charge of the japanese human and nonhuman exploration ive been mainly in the Architectural Design of Space Systems to the moon and mars. [applause] our third panel member this morning is from the palace building a space corporation. He has been the large project Design