Time low on concerns that firm is in need of capital. When you look at this story, how serious should u. S. Investors be taking it . I know the government said they are not going to do anything to help them and that usually means that they will do something, you know the way governments work. And they said they dont need anymore. How much do they need . Its a blank check. They misjudged our Justice Department and they felt they didnt play a big role. The company at one point, i happen to be close to the company, they said, well go in there and plead our case. Theyll listen to us. What country do you think youre in . Deutsche bank doesnt have a lot of employees in this country. You could put them out of business. Theyre not going to put them out of business. The fact is they need to raise capital and have to do a Rights Offering at the same time if the government backstops, if everything goes bad. There are people that want to be a believer in this but it does feel like citi in the first go round. You look at banks in the whole, is this another reason for u. S. Investors to just stay away from the banks. The 10year is back down, 159 or so. Youre not getting help from rates and now not getting help from overseas. The group is j. P. Morgan should have sold off more. I dont think the group is in that much danger. Its not exciting. If the economied a picked up as i thought it was and got wrong, and i think theyre still it itching to do a hike and without it you have an economy that still treads water. Josh has done an excellent job talking about the financials and not really categorizing just specifically banks. Theyre not, more than that. You have things like ice, i own, the regional banks and theres more to the bank story. Tonight, donald trump and Hillary Clinton could say regulation, financials, its a bad thing, were going to change that. You never know. When looking at an institutional side of portfolio you will always need financials. To jims point in europe the problem is there is not enough reserves set aside on the part of Deutsche Bank for litigation. Thats the real problem. This will take time. You i dont think you buy Deutsche Bank, no. Is it systemic . No. You let it continue to fall. Its lost 50 . You will get a little more pop. Just because theyve fallen so far. They dont earn anything. You dont buy the european ba banks. Weve seen that movie before in the u. S. Rates arent as low in the u. S. As europe now. The banks stress test are more fiction. Yeartodate. Credit suisse down 40, bar claisz down 32 1 2. Im posing that to the group. Are we bargain hunting . If you want to bargain hunt with the Chicago Bears and cleveland browns, bargain hunt away. Those are true longterm bargains. It never matters. With the u. S. Banks i saw, the news i saw last week the regulators came out and said were going to penalize you for Holding Fiscal commodities with copp copper. Theyre trying to break up the banks without breaking them up, trying to pigeon hole them into monoline businesses, basically lending. The wells fargo news will get them there sooner. Im tired of waiting for the rate hike and find other ways to make and lose money. Why put it in banks . Im looking frankly to derisk anyway and b of a is a way to do it. There is wells this week. I like what you had to say, there are all these thin techs out there. If mastercard or visa, if they pulled back, theyd get the money. Theyre regarded as being banks. We know they have nothing to do with being banks. Theyre just very Sophisticated Technology companies. Theyre toll takers. As to the card breaking out wasnt that something . Looked good. Technically, these stocks are under accumulation. Should investors be worried about european banks, maybe some, but you will see it in things like the fed spread. We took our punishment, when i say we our banks and share prices and some creditor, probably not enough, some executives not enough, we did all that. Europe is like three, four, five years behind. They were raising rates in 2011. In italy, they havent done anything pretending it didnt happen. Theyre insolvent. The German Authorities one day have to do an ftic there, of course they will. If youre a u. S. Investor looking at u. S. Banks understand were three, four years past. Where jim took the conversation into other financials that can work even if some of the banks are handic handicapped because of rates or regulations. Exchanges are on fire. An acquisition announced today. Asset manager is quietly coming back. Some of the Insurance Companies some at multiyear highs. I thought travers might be down today because the group is so strong, its great place to go. People are still mourning you have to do a lot of work in Insurance Companies. Some have guaranteed contracts still and they are not making any money. In europe you want to short some insurers because they have guaranteed contracts theyre promising returns and they cant make those. Negative bonds. Exactly. Crazy. Visa and mastercard. Geez, yes, youre dealing with top level execs very realistic in terms of technology, their knowledge these guys duke it out with apple. Visa arguably has beaten apple. You take those and move to exchanges. They Exchange Trade we like the best. Cme. Indeed up 20 yeartodate, all work in this environment. Theyre all doing really well. Cme pulled back to its 50 day right here giving you the first thans y chance you had in months, a company that thrives on volatility. We have travelers. Berke hershire has done quite well, they have crude by rails one of their business, doesnt seem to matter. I am upside of hig and really . Prudential one of the best in the groups. I used to do fis, fidelity information services. Its gotten up there. Done ex stroor nairly well. Would any of you go for the Lottery Ticket of lloyds . No. Theyre upside down a little bit. People at home might say a couple bucks. When jamie dimon tells you hes concerned brexit really were complacent about it, you have to listen. I think thats a problem article 50 hasnt triggered. What about blackrocks or long sto stones . Long. Im on the other side. I think decompression is permanent, inex orable. Blackrock . All of them. Larry is talking about one that benefits etfs but pressures fees further and centralized chief investment officers, not having people come up with their own investing ideas at branches of large brokerage firms. These are great for etf but not supportive of e thtf in certain expense ratio, weighing on them. I think when you hear and see more headlines with merkel in those headlines and Deutsche Bank, thats when you get that blood in the street kind of moment. You dont have it yet but you are getting close. Shes not going to be able to run away. Wheres the stock . 12 . 11 something. If you see lines around the block of people trying to get money out of Deutsche Bank, merkel cant walk away. Theres an implicit guarantee. She bailed them in or out, whens the election . May. Whoa. Her coalition is fracturing, lets not forget. She has to take hard line up to the last moment. Lets do this. I like where this is going. The other sort of event, if you want to call it an event that could cause volatility in the market, the election, right . Tonight begins the homestretch. Is that this year . We have seen, sort of as mr. Trumps numbers in the polls have improved, volatility has increased. You can see a somewhat of correlation there. I think we have a chart to show you that. Jim, how do we think about this kind of an event between now and election day and the impact it could have on the markets . I think you have to look no further than squawk box today, where they took the gloves off. You saw Andrew Sorkin presenting numbers to one of the guests y saying listen, one of the top 100 guests, none have given to trump. You have this classic republican money going to a democrat and then you have an outside and a lot of anger in the country and the outsider will gain adherence if that outsider presents himself as being someone who could be a little more trustworthy, so to speak. I know thats a loaded word. Im not trying to load anything. Roger ailes, ever since he left fox, has been influential, according to the article, in the trump campaign. Im seeing a trump that reminds me of the trump who was helped immensely by mark burnett in the apprentice, not making a judgment, that was a very successful show. If you get a trump bump, higher goal, what happens to the market . Initially higher vix, im not saying permanently. From the macro standpoint, you want those positions anyway. Right now, as a hedge in the portfolio, i have the vix products, i have silver. One of the better trades out there right now betting against the overall riskon type mentality is the yen. You. Think about census. Everyone thought lower yen, lower yen, i think the yen will take 100 and obliterate it. I think thats the right trade. Thats asias treasury. So gold, is that a predilection . I like rand gold here, had a couple bad quarters and still hasnt come down. Thats just the specific looking at the portfolio. You need to hedge more, silver will give you more. Good. I was going to talk about gold. Dont get caught on pay so dollar eats. Pay so at 20, when got it involved in mexico it was 11. I thought it was a bargain. To your point, jim, that pay so will rock. If trump does very well tonight, that pay so will be going the opposite direction of trump. That pay so will go to 21 and 22. Then you really have, talking 2. 2. 80 an hour, the cheapest place on earth to build things and no health care provided by the state. Not much pollution control laws so you can kind of do what you want. Absenteeism nonexistent. You might as well short others because they moved so many operations to mexico and if they have to come back i have place in mexico, used to be when you saw travelers and americans and now the planes are filled with japanese and germans because thats where they build their cars. They understand how to take advantage of it. Get a ksu train ride to america. Thats where bens beamer, a lot of people say i will never buy a beamer if its been made in mexico. Ive got news for you. A news alert for us at the breaking newsdesk. Hi, scott, more news on Hedge Fund Woes and drop in fees in this case involving bref va Brevan Howard, down 2. 5 through august in their flagship that manages 14 billion. They are cutting certain fees to zero percent. There are a couple conditions. Applies to current investors who put in additional money. There will be no expenses, no Management Fee charged on that new money but will still be a 20 performance fee that app applies. This story broke by dow jones. We understand its correct and clearly a response to redempt n redemptions. Apparently Brevan Howard predict their redemptions may be 3 billion by the end of the year. Jim, im glad youre with me. You used to run a hedge fund. What do you think of this story . In 1998 i had a year i barely made a lot of money. Barely. 3 for the fund. I waived my at that point 1 . I didnt think it was right to take. People who are in the industry just said, thats a travesty, how can you possibly do that . I just didnt make enough money to justify taking that 1 . I never thought id be such an outlier but i dont think i am anymore. The top of the a block, this is the new reality. Watch out vanguard. Brevan howard going for the low o ones. They pay you to take it. Theyre doing this for sxex t existing investors smart business. A lot of ria firms like mine those with you longer the fees decline and performance better and actually showing people you care to have them as clients and demonstrating loyalty for the client. Fee pressure has been relentless. We have seen it go from 2 to 1 to 35 basis points now. In terms of Brevan Howard, not 14 billion to 1 11 billion, 3 billion to 14 billion to 1 11 billion. Nick howard is one of the smartest guys out there. Larry robbins at glen view did it last year because he was down so much the year before if you put money in there was no fee whatsoever until he recovered the losses on the other pool. Some people didnt go along. Youre seeing it. There is unquestionable fees with hedge funds. Isnt it great they finally care . We shouldnt treat each team as equal. We did for a long time. The large investors always got fee breaks but the small investors still wont get them. We have another news alert. Hi, scott. Senator mark warner, a democrat of virginia has written a letter to the sec calling for investigation into yahoo s disclosure of the massive data breach we all learned about last week and concerned they discl e disclosed it inappropriately in filings. Yahoo s september filing ass t asserting lack of knowledge of security incidents involving its it systems creates serious concerns about truthfulness and representations to the public. The public ought to know what Senior Executives of yahoo knew of the breach and when they knew it. This ads a little dash of political pressure on top of pressures yahoo is facing in relation to that data breach. Warner here is skeptical of the industry as a whole saying fewer than 100 of approximately 9,000 publicly listed companies have reported a material data breach since 2010. The implication being there at warner at least doesnt think the Public Companies are disclosing all the data breaches they have to investors and that would not be fair. Could mean Marissa Meyers is booking a ticket to candidates. Next, the twitter talk, the stock coming back to earth today. Vict victimer cramers take straight ahead. A askcramer. Back in two. Theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. Welcome back to the halftime report. After the monster shares in twitter, oppenheimer cutting it to sell citing poor user growth, inferior advertising technology. Any more reasons . A laundry list. Theyre looking at twitter as it is not thinking what it could be. Looki ing at it as an advertisi medium, not how to get in touch with your customer where a sales force would do where you basically know about people. This weekend, said no one knows more about me than my wife and twitter is number two. This weekend there were some posts i had that indicates twitter knows more. In that list, we didnt give the main reason for the downgrade unfortunately, that is they say the sixth best social media platform aint worth 20 times. It is not a social media platform, way to have a 360 view of your customer where you would be able to pitch to a major bank that wants to know healthcare, any in retail wants to know where you are, what you like. We like it. A guy that sits back and says, listen, we defeated an indiana piece of legislation with twitter. I follow on you and you follow on me, theyre not able to capitalize off of it because they arent thinking as big. Adam bain, i like him very much and anthony, known for years and dont know dorsey that well. We hope they watch a thursday night game. Thats not what its about. What its about is knowing us. I say after facebook, they are the one whats interesting, separate out what is the business from what is the asset. Right we know the business is adverti advertising, thats the revenue. The asset is a Global Information utility. There arent ten of these. No. Three or four of these. One is now owned by microsoft, the other one can never be bought by any. Not like you can say in the 1960s, heres what you paid for a twitter. These things didnt exist. Amazon is a logistics business. We didnt know about amazon web service. Theyre not growing, theyre customerbased. Thats the problem. Theyre making efforts to do it, judge. As you guys already know, nfl, nba, mlb debate and they pull in trade traders. But they left it or feel that its too much trash talk. I have been to eagles games where the where drunk people attack you because you were from another team. I feel like sometimes i am at the eagles wearing a dallas jersey after dallas beat down the eagles. Im so afraid. Some guys were they attack you for showing pictures of your tortoise. You showed your tortoise . I have a big tortoise. You have an old tortoise. A turtle. User experience is an issue. Turtle . Theres data. I dont know how good the data is. I dont think it compares to amazon or google or facebook. I dont know what kind of data you are talking about. They say there was no bump from the olympics. You have to go to my favorite foll follower, the sign, alafhsar. Chief evangelist. I have followed this guy, i oftentimes turn to my kids and say, did you know the economic history of the world in 1 05. I check all of this because i am smarter after it. I find twitter can make me sm t smarter. I like that. Let me get this in here real quick. It captures you. Let me get this in here. We wanted some questions for you. We got one. Its an important question. Dr drabdab bler, do you sell twitter here or wait for a buyout deal to be finalized. This is a deal you have probably three down, four up. Drab dabbler is not he wants to find out who he is. Theyre looking who you are, they realize thats a term a clearly younger persons term for kronk 73. Whats kronk . Dont ask you have this problem this all these 15yard penalty tau taunting guys, and hes got to get rid of those if they buy this. In the interim how do they get rid of them . They will never get rid of them . Were looking at it a way the onboard system is on file with facebook people have our real na names, a very con gegenial atmosphere. Selfverification is being batted around by silicone valley g guys. If you give people an option to claim themselves it may be one step towards facebookization. There are negatives. If you get up to 10,000 followers and another 50,000 and black card and 100,000 and platinum card, these are things i know theyre thinking about i suggested to the guys at twitter. Thats a really good idea. Tune in. We have womens volleyball, slovenia, you havent seen anything like no, i want something bigger. He gets in the face of the ha haters. Hes a big dude. There is a guy running for president who doesnt do anything but tweet and hes doing well, right . The real donald trump is a guy do you think benioff doesnt see a guy running for president say, cain harness that. If he asked both candidates for 5 million, theyd both pay it that. That is a great point. We have to take a break. Why . Am i talking to much . Youre an innocent bystander. You will come on strong in the c block. My fault. If i can keep the defense off the field and keep my offense on we will be well arrested. Okay, bye. The number one retail analyst on the street says it is time to ditch nike and buy footlocker. Yes what powers the Digital World. Communication. Thats why a cutting Edge University counts on centurylink to keep their global campus connected. And why a Pro Football Team chose us to deliver fiberenabled broadband to more than 65,000 fans. And why a leading car brand counts on us to keep their Dealer Network streamlined and nimble. Businesses count on communication, and communication counts on centurylink. Whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley welcome back to the halftime report. Nike is under pressure today after the top ranked retail analyst on the street removed the name from his focus list. Matthew boss, joins us live from new york city. Bold move, matt, right ahead of earnings. I think the tables have turned a little bit in athletic. We had footlocker pretty much the entire week in europe. Theres a change. 80 of sneakers today are being bought with no intention to ever make it to a field or court. I think that introduces a fashion element and introduces a price element into a field in the past was mostly driven by innovation. I think youre seeing more competition. The basis of our note is you take a look back at some historic percentages at footlocker finish line, nike had more than 70 penetration and with adidas under armour coming on that midtier channel is a market share donation by nike over the next couple of years. What matters in the industry has broadened and now you think others may be doing certain parts of that industry other than nike . In the past nike always had the innovation but didnt have as strong competition. I think now the consumer part is the competition the second side of it is you have this lifestyle shift where almost innovation is more of a given today and now the fashion and the colors as well as the price point and under armour is a perfect example, hot athlete, great price point. They displaced nike for a time period insignificant basketball and adidas bringing back the product that is absolutely on fire and creating a little bit of shift in terms of what the consumer is buying within that box. You had rasuhabl ablremarkabs and excelled in this industry. Will they be able to maintain the price point of footlocker and capture some tremendous gross margin the Shoe Companies have had by pitting them against each other . Thanks, jim. The interesting thing is food locker was telling us the average selling prices, asps. What this could create is more full price selling. More competition. I think it will push all the ven tors to put out vendors to put out better products and theyll be the original and already introducing it in kids. The superstars are hot in adidas, seeing it in kids and different colors. I think it will push everybody to be sharper. The innovation is still the key to nike. On a multiyear basis, nike will figure this out and hit that trifecta. You will see more ebbs and flows and maybe less consistency from one vendor and this diversified mix, what footlocker was saying, this is the best situation theyve seen in a decade you have this competition for this floor space and the basis of the call on footlocker . Mat boss, number one retailer in this space. How gutsy is it he does take nike down. Nike is not a company you want to trifle with, mark parker a tough guy. You agree . I love footlocker and pushing it hard on mad money. I respect the fact a did das is back and you cant make as much money with adidas back. You dont have to choose a winner, on the one hand talking manufacturer and the other, whether nike is winning or under armour or adidas is winning. Theyre somewhat isolated from amazon because shopping there is an experience. Kids looking at wall of shoes and trying on a bunch of things at once and that cannot be replicated online. I have sneakers from each manufacturer, 10 or 10 1 2, you cant go in the same style. Youre right. Its too much guesswork. You have to try them on, you really do. Its gone like this, footlocker diverged during the middle of the olympics. Footlocker went like this and nike like this. You have good upside call specs on tomorrows earnings. Do you think certain points so overdone. They could come out and downgrade. Remember the 50s . Theyre buying in doubles. Its not about footlocker taking away investment in dollars, its about adidas this year where all the Investment Capital is going towards adidas. You think and say footlocker is by itself on the outside, some people said, did somebody maybe buy them . Whos the big adidas player . Derrick rose . Stan how did that happen . Arnold palmer passed away, a hero. Dan smith, does any who buys know who stan smith is . They dont. Im old enough to have watched him play. You say, the moneys parked in adidas and money stays in footlocker. Where does the money go . Under armour or nike . A 12 multiple of footlocker next year versus nike, not even close call. Lets check the markets, quickly, if we could. Look at the dow and s p and indeed. Dow down 125 points, not the worst level of the day, not that far off. S p 500 down 13, and nasdaq down 37, the biggest loser today, threequarters of 1 or just there. Mump is at Hofstra University ahead of tonights first and big debate. At the top of the hour. Hi there, scott. Lunch is coming up at the top of the hour. Huge media interest, thousands of reporters all over the world setting up to be the showdown of the century, clinton versus trump tonight and power lunch will have all the angle s covered, what hthey have to do tonight and avoid doing. And the latest outrage over epipen pricing and conclusive wi exclusive with ceo of pin presents. Starts at the top of the hour. Shipped from here, on this plane flown by this pilot, who owns stock in this company, that builds big things and provides benefits to this woman, with new cabinets. They all have insurance crafted personally for them. Not just coverage, craftsmanship. Not just insured. Chubb insured. Pg i help customerss, how with their bills. Day . Theres different rates to fit different needs, so listening is a huge part of my job. Because customers want to know that you hear them. They have kids, they have families, they have priorities. I definitely understand that. I have three children, i was a stay at home mom, i didnt have money to pay the bills, and so i put myself in their shoes. And im going to do all that i can to lower their bills and to help their situation. To choose the rate plan that works best for your family, visit pge. Com rates. Together, were building a better california. All right. There was some pep in my step today. I had to endure heckling during the game from some people on this set. I was anxious to see them come in the building today. A lot of long faces around here. Ill tell you, both teams disappointed from new york. We have a phrase called tnp. I was able to break the huddle with the eagles. Tnp guy, take no pressure, something Howie Roseman engin r engineered the wenz trade and a coach, pederson who listens to players. In a modern era has to be that way. Comes together with a veteran like sproles who have smiles on their faces and not mocking smiles. I will go on a nice run here. Our floor manager doesnt want to hear any of that. Very upset today. We had a whole conversation with twitter before. To me, twitter is a realtime news feed. Yes yesterday, hold on. Yesterday, you know where i am, im in the hockey rink, my giants are playing your skins. I want to watch the game. Twitter puts it on thursday night. On weekends i have a life. Thursday nights i have a wife. Thursday night i dont need to watch a game on twitter, on sunday. Why did they do it on a thursday night . A rights issue. Put it on a saturday or sunday . You put a game on this. If they had new users thats tired night football, we know that. Those guys looked really tired. I cant wait to see the spring in your step. The reason the game is on thursday when advertisers spend the most trying to reach consumers before the weekend, Car Dealerships and want to advertise on thursdays and why seinfeld was on thursdays and friends and cheers. You want to catch consumers before the weekend. Regardless, it didnt work out so well. The terrible towels, saw a lot of them in the stands. Another football fan, sue has the headlines. I think the packers won, sue . Scott, i am a football fan. Heres whats happening at this hour. Nine people were shot, one critically in houston this morning by a lawyer who had issues with his law firm. Police shot the gunman who later died. Six people taken to area hospit hospitals. The gunman has not been identified. Last week, mylan ceo, Heather Bresch told a Congressional Committee the profit for two ep ipens was jus 1 100 despite a 60 608 list pri. Now, mylan says that figure was wrong and profits closer to 1 10 per two pack or 60 higher. The company says miss brerb used a much higher tax rate in her figures. The National Park Service Monument will be closed indefinitely due to ongoing problems with its elevator and will be closed until it can be modernized and broken down frequently in the past two years. Kroger and food items have added about to their express checkout lines, the reason . They want you to buy more and not less and dont want the express lines to be an impediment to buying. Guyhey nicole, happening here . This is my new alert system for whenever anything happens in the market. Kids a natural. But thinkorswim already lets you create custom alerts for all the things that are important to you. Shhh. Alerts on anything at all . Not only that, you can act on that opportunity with just one tap right from the alert. Wow, i guess we dont need the kid anymore. Custom alerts on thinkorswim. Only at td ameritrade. Im the company data hog. I do the sales, the marketing. I have to do that from my phone. We use tons of data. I really dont have to worry about it cause everything is unlimited. I need data and i need it now. Its the end of data limits for your business. Get unlimited 4g lte data as low as 30 bucks per line. Switch your business to tmobile work. We are back. Were following a story on gw pharma. This is derived from the cannabis plant but not the compound you associate with marijuana, from a different compound. Theyre testing it in rare forms of epilepsy. They found positive results where they reduced million seizures by 42 on average compared to 17 on the highest dose. Based on the third of these they will apply for approval in the first half of next year in the usa. They see approval in 2018, potential worldwide sales of more than 20 billion. Good news for them. You have the ceo on tonight. Thanks. Ive been looking at this in two ways. This is a compassionate use. These people have nothing. But one day it will always be a class one felony to grow the marijuana. This is pure and this may be a way to get out of this horrible opiate National Epidemic we have not talked about enough where people are dying in all sorts of ci cities. This is an answer to that. That will be off labelled and we know theyre not going to go there. Its Important National issue. Let me try and spin it forward. You mentioned exactly where i want to go. When investors see the kinds of moves that happen in these sarepta stocks. Steve was fortunate enough to be in sarepta and caught the wave. How do you know in an area risk and reward so outsized versus other parts of the market whats good and not good. I am fortunate enough to be with someone that knows what option strategies to take advantage. I dont like vaccines so i dont like them. Its worth to it pay it big and hit it eats way. Im agnostic. There are ways to take advantage of it. You in many ways have brought them public to people and i salute you. Its too dicey to do comments what im saying. I agree, judge. You can define your risk but with an option why steven was trading them into this event as well. Instead of 30 on the table and saying its a binary bet, it could be 5 or 60. Right. Thats why steve snugged up a put against the stock he owned and got to ride it to the upside 20 bucks. Im invested with a Hedge Fund Manager who put up 30 returns a year for 16 years with one down year in 08, down less than the market, who knows what hes doing. To me, the individual investor should not invest in noncommercial biotech whether binary results, even with options because unless youre willing to do basket and by basket i mean tend to these, because you have no idea what will happen. Phase one, phase two, phase three. And then you do that, you get labeling. And when you do that, you got sales hurdles. It is too dangerous. Listen, commercial biotech, you should do that. They have revenue streams. And then if they have another more shots on goal. Meg, thanks. Thank you. Jim has the ceo tonight. Dont miss that. Options traders seeing signs of retail stock up 55 this year. Set for a drop. Dr. J. Has that trade next. Our resident options expert in the house and seeing bearish activity in retail stock. Doc, youre at the telestrator with what . Urban outfitters, had a great report in august, august 16th, popped from about 31 up here to 35. Thats wonderful. Whats bad is it has moved down now to the danger zone where it looks like if it breaks 35, and starts heading down, it could see a whoosh to the downside. Somebody stepped in, bought a ton of these puts, november 35 puts, paid 1. 75 for those puts. Thats a bet between now and november i think it might happen quicker where the stock is, that you might see downside pressure. I bought the puts, ill probably be in it until we see whether or not this 35 level holds because if it doesnt, not going to take long for it to break hard. I just want to ask you, you know it was a great quarter, talked about i wonder is this a monthly number that we come out in some sort of filing, there is nothing that would make me feel at this moment there is going to be anything very serious, downgrade by goldman. Is there something specific that could that is time framewise . Is there a same store numbers due or technicals . Bought it looking for this gap to get filled. I think technicals. But that doesnt matter. You love the fundamentals. Anthropology. On fire. But the actual flagship did well. All right. Quick break. Final trades on the other side. What powers the Digital World . Communication. Like centurylinks Broadband Network that gives 35,000 fans a cutting edge game experience. Or the network that keeps a leading hotel chains guests connected at work, and at play. Or the it platform that powers millions of ecards every day for one of the largest greeting card companies. Businesses count on communication, and communication counts on centurylink. What if 30,000 people download the new app . Were good. Okay. What if a Million People download the new app . Were good. Five million . Good. We scale on demand. Hybrid infrastructure, boom. Ok. What if 30 Million People download the app . Were not good. Were total heroes. Scale on demand with the Number One Company in cloud infrastructure. Hewlett packard enterprise. You just have seen whats coming up on mad money tonight. Before we let jimmy get out of here and prep for his own hour later on, we want to talk about a couple of big moves today. Disney downgraded drexel. What do you think of this call . By tony wibel. I wasnt thrilled. I dont think the cost will be as nearly a negative function and the shanghai shanghai is a total win. My problem is the espn is a thorn in peoples side. Got to think longterm disney. Think longterm about the franchises. I dont want to give up on it, but i realize the next two points seem down, not up. Youre asking people to think longterm . This show is more longterm if you look at the subtext. You look at things that make money shortterm but looking longterm. Were in a technological period of transition, a shift, disney hasnt figured it out yet. Neither have the other media companies. But if you bet on anyone to get it right, eventually it will be disney. Right, eventually. Eventually is okay for people at home. Lets run through a couple of questions for you, jim. Denrick mills, grade the portfolio. Apple, procter, Southwest Airlines wants to add either j j or Lockheed Martin. Lockheed martin is up today. That portfolio is doing well. I just have to tell you, Lockheed Martin had a big downturn, really bottoming here, big buyback. Israel lieber wants to know what do you think of the new reit etf . I dont like etfs. Lets go with ventive, federal realty. Why go with bad and good . What about pfizer today, to say were not going to split after all. I dont know if you own pfizer. I know pete does. Closure is good. Most people wanted them to split, but at least theyre saying definitively one or the other. Stock barely reacted. Pfizer down more than health care stocks. I dont think it is a big deal. Real quick, back to the debate tonight, the one strategy post debate, all the fiscal spending, high government sales, thats what people will be looking at. Loved having you. Good show tonight. Thank you for having me. So gracious. Welcome anytime. Jim cramer. Power starts now. And were all chasing jim cramers eagles by the way. Good afternoon, everybody. Im tyler mathisen. Heres whats on the menu for a very busy power lunch. Countdown to the showdown. T minus eight hours until Hillary Clinton and donald trump square off in the first of three president ial debates. We are live at Hofstra University straight ahead. The call of the day, why one analyst says disney is no longer a slam dunk because of the nba. And breakout your knitting needles and diy picture frames. Were going to sit down exclusively with the ceo of pinterest, a big two hours ahead. Power lunch starts right now
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