even within the telco equipment space, alcatel has been -- for years and years. why am i changing my tune? well, first, i think this could be a real every dog has its day moment. when the wildest companies are expanding big and business is good, the companies in the sector roar. the earnings in this industry get hammered and the stocks fall to pieces. now i think we're witnessing the beginning of a telco capital equipment cycle of huge proportions. it could be so strong -- >> all aboard! >> -- that it could lift the entire group including alcatel loose, let me explain. three of our companies largest carriers are spending heavily in order to beef up their network so they can compete nationally with verizon. it's an arms race. in part, that's because t-mobile's parent has decided that america's worth investing in and sprint got a huge cash infusion and also raising debt. we know there's mounting demand for the kind of telco equipment that's the bread and butter. even better, on wednesday, we hear from sienna another equipment play, they totally blew away the number

alcatel lucent's one of them. the wireless players who want to use 4g and all of them in this country have to pay up if they want to stay competitive. just yesterday we learned that alcatel won a contract to employ 14 base stations for spain. this is a huge deal. it marks a dramatic change from the way that 4g rolled out in europe in the past. before this deal, most european wireless companies were doing what is known as single radio access network upgrades. now erickson huawio dominate the niche which meant that alcatel-lucent was effective locked out of the 4g upgrade cycle in europe. the company's deploying the network right on top of the old 3g one in what's known as an overlay and that's right in alcatel's wheel house. the upgrade doesn't disrupt your preexisting networks and gets done more quickly. i wouldn't be surprised if many more european wireless players go to choose this route. meaning more business that alcatel is eligible to win in a niche where they only have one significant competitor and that is

alcatel lucent up 5.5 %. the network equipmentmaker for mobile up after reports from nokia suggesting that it has considered previously talking about a tie-up with the french company. tui travel up 1.5%. thomas cook group is down 7.%. bookings at the travel operator slowing over the summer because they say better weather in europe meant there was essentially less long haul travel. take a look at bond markets. we saw gdp unrevised for the uk at 0.7% for the last quarter. but a big widening out in current account deficits. ten-year treasury yields, 2.63%, lower from the immediate level we hit post the fed, which was 2.67%. italian yields lily higher at 4.43%. currency markets, pretty much where we were last thursday. dollar/yen, 98.60. sterling just above 1.60. and the aussie dollar just below 94. dee. >> let's get a check now on asian markets. sixuan, over to you. >> you're right, deidre. with looming washington deadlines weighing on the markets, the nikkei 225 outperformed higher by 1.2% today on hopes of fut

alcatel lucent, a standout this year. also up 80%. the company is trying to transform itself into a wireless specialist company. it's working with wireless chipmaker qualcomm on new technology and it's a big china story. it will be huge, too. if they can get a foothold in china, it will be big. the stock is big -- >> i know, i know, i know, but when i see it's up, it's doubled this year. >> yes. >> that's great. then i look at the history of disappointment around this name. i remember when lucent was trading, you know, late '90s, who was the woman that ran it, patricia -- >> russo. >> russo. man, you're good. >> it's been a long time. >> he's really good. >> so with this company, though, it's up big, though, because you also have companies like nokia, right, trying to get more into their services business, they've spun off handsets, and this could be an acquisition target. >> and also one hot on the cbs-time warner deal, newly inked. >> starz, networks, the cable company, the one that provides content, encore, starz, up 80% so far in

the new alcatel lucent will get much better. new cpo and they'll be in shape to translate the orders into profits and i think alcatel will get far more than its fair share of european orders. do not the vodafone will be flush with cash to build out whatever it needs verizon cash. this might be one of the most exciting speculations in the world right now. i love how people tell me that i've missed alcatel lucent @jimcramer because the stock was at two bucks and i didn't recommend it. so i missed the two to three rally, and that's the same catcalling i heard when i said nokia was too cheap to go at 4. where was i when it was at three, of course, if you listen to critics you'll miss the move to $5.52. i think it's still cheap but how about the test of measurement of optical fibers, something you need if you want to build out that infrastructure and admittedly cats and dog company and it could be more than they're selling for. the company doesn't walk through until september 30th. hey, there's been a little juniper since the ciscos,

the alcatel will get much better. new cpo and they'll be in shape to translate the orders into profits and i think alcatel will get far more than its fair share. do not the vodafone will be flush with cash to build out whatever it needs verizon cash. this might be one of the most exciting speculations in the world right now. i love how people tell me that i've missed alcatel lucent at jim cramer because the stock was at two bucks and i didn't recommend it. so i missed the two to three rally and that's the same catcalling when i said nokia was too cheap to vote at 4. where was i when it was at three, of course, if you listen to critics you'll miss the move to $5.52. i think it's still cheap and how about the test of measurement of optical fibers and something you need if i'll build out that infrastructure and admittedly cats and dog company and it could be more than they're selling for. the company doesn't walk through until season september 30th. hey, there's been juniper sense the ciscos, but mead i le you that junip

alcatel, a story on reuters, you see that pop up there. >> thank you so much. as you can see, i have the stylish new google glass glasses. very cool to be looking in one eye at computer screen, asking if i want to take pictures, if i want to go to the web. we'll talk more about these google glass right now. more on the stock market as we talk with my special co-host for the hour, google executive chairman eric schmidt is with me. good to see you. >> thank you, maria. >> the google glass. i want to talk about google in a minute but i also want your take on the broader economy. thank you for being here for the entire hour. we'll talk about the economy, as well as google. big bets google has in the pipeline and i know innovation is continuing. first let's get your take on the economy. we keep hearing this slow burn, slow, anemic pace of recovery. what is it going to take to move the needle? >> people think it's a fast recovery, especially if you're in europe, not recovering at all. basically because the private sector is doing the right thing. growing economy, gro

. >> alcatel lose ent. >> dr. j? >> opk, opco health. great rest of the day. see you tomorrow. "power lunch" begins right now. >>> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> two-thirds down, one to go in 2013. so far this year the dow is up about 13% after the dip we've had in the last month. we'll talk about that. the bulls were back today as september begins, but the market has retreated right now. the dow jones industrial average is in the negative by just about 14 points on the trading session. >>> the president keeps making his case on syria. today we find out if members of congress are buying it. we will speak with two congressmen will b whether they are in or out when it comes to u.s. military action in syria. >>> and forget about verizon and vodafone, did shareholders just get the deal of the century, and what does that mean when it comes to shaking the giant global corporate money tree? all of that is straight ahead. tyler continues on vacation and simon is down at the nyse. hi, simon. >> we were up about 118 points sh

alcatel lucent listed in france up over 6% at the moment on the back of that story. and finally, as well, h&m, the swedish retailer, well known around the globe, up 6.5% today. comfortably beating forecasts with sales and sales for september up around 8% on the year. that is where we stand. back to you. >> ross, thank you very much. we'll talk to you again tomorrow. in the meantime, consumer stocks took a hit after learning walmart is cutting orders with suppliers as merchandise starts to pile up. but a spokesman said the report was misleading. he ordered in some categories the discounter is ordering more and in others the discounter is ordering less. how worried should investors be? joining us now is sara malick, with tiaa creff. thanks for being here. >> thanks for having me. >> when you hear walmart is cutting back on orders because inventories are piling up, that is an all-out alert heading into the holiday season. how worried should we be? >> we actually still think the consumer is very strong. one stock we still like is costco because this is more of a recurrin

we've seen that in companies like alcatel lucent which didn't work out which is the nearest comparison when an american and french get together. the regulators will have the say not on just with the ftc in washington, but also in brussels and beijing. so the regulatory issues. 43 jurisdictions they have to go through. and there has been no articulation of the case of benefit coming to the heart of your question among the clients or people. and i think we're starting to see already some discorruption there. many people inside the company are saying, why did it happen? two ceos apparently sat for six months together discussing the -- and without extensive banking advice and it shows in the structure that came out, no self-respecting investment banker i think would recommend that structure. from our point of view, that's the destructive part of it. from the constructive point of view, it means -- it gives us an opportunity to escalate our strategy. so we've moved up our targets to new markets and new media from 35% to 40% to 45% over the years. >> is that because of this merger? >> no. it

alcatel/lucent. >> not a chance. >> back from the dead. "walking dead," "true blood." watch it on amc. >> "walking dead," i see. it's a terrorizing towns. >> you've got to hit them right in the hade. >> right now as we speak. okay. >>> coming to a stock market near you. still to come, we have a live interview with thomas perez. he is going to talk of course about this job report this morning that most people are saying is not a particularly good one. we'll find out what he's got to say. it's also, by the way, the market's turn to react to those jobs number. the opening bell just a few minutes away. ♪ ♪ [ male announcer ] some things are designed to draw crowds. ♪ ♪ others are designed to leave them behind. ♪ the all-new 2014 lexus is. it's your move. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just co