buy dude -- baidu is there as the company gets more and more wired. there is big potential all the time. i like energy broadly. state-run companies like sin any pack and cnooc. if you look at company like exxon the oil stocks in china are trading much better evaluation. and it is the story the same everywhere. liz: how much of the government has a piece of those though? >> the government does, these are private companies that are still overseen by the government. so it is not like, not like obamacare or anything like that. these are companies run like companies, they have big government ownership and oversight. so it is important to know they have big trade partnerships. they operate in brazil. they don't operate only in a small part of china. they are almost multinational corporations but they have a big influence in beijing. david: you can invest in the general etfs, the exchange traded funds, that deal with china but more importantly you can invest in companies, u.s. companies or companies based in europe that focus a lot of attention on china, rig

. >> of those three, linked in, baidu, facebook, would you use the dip to buy? >> baidu yes? in my mind they have a franchise in china. >> let's hit our trade of the day. it is a play on another internet stock, google. >> this was an inkresable pop. the biggest pop in history of equities to see the sis of this pop on a dollar amount. i wanted to hold on to it when it ran out of momentum. >> i'm still holding. i have a long term bet here. i knew i was not going to be able to trade around. >> let me put a statement on that. i am a trader so i don't have a time line like karen. i reserve the right to roughly $1,000 or just below to buy it back. >> coming up, microsoft getting a nice pop today. it's down to the final four. swre got the microsoft trade coming up next. . if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been pres

baidu has not yet responded to the accusations. speculation is abound that bhs has been weighing suitors. on the next episode of cnbc meets, tone ya -- expectations and in the show, she asks him how he plans to turn bhs around. >> unfortunately, there is always a perception with an older brand. we sort of have to move it on. we probably -- because this only comes in at this time of year, it's much easier to deliver a completely new -- something fresh. people are coming to us specifically for this because they know we do it. nk it's how do we keep that customer coming back. >> when you see the money, phillip, does it worry you? >> well, you don't want to lose money. that's not the plan. >> catch the full interview tonight on cnbc. kicks off at 2300 cet. that's 10:00 london time. >>> still to come on this show, we alternative our attention to the future of travel. could cross rail for london's problems, we'll be joined by the ceo of a mobile firm whose sales have just passed the $100 million mark. welcome back. how is everything? the

you're watching cctv is coming to you from baidu negotiations between jem and council on the miracles coffee and social democrats on forming a grand coalition this is the final phase of this week. the previous three weeks of talks have been a tough process and the final ten days are also expected to be tense. the center left spd has listed tandem on the site called all negotiable. nuts including increases to the minimum wage and a strategy to boost the eurozone growth the chancellor seems ready to agree to wages issues and possibly on fuel citizenship conservative parliamentary leader of ochre colored a predicted the major points of conflict will be decided in the last two days of negotiations. merkel's christian democrats and the christian social union one forty one of the hop percent of them but in september's election bought together so well. unable to form a majority government we can bring new morning tiles of the coalition talks with our report touch you dr joins us on the fun from berlin. i welcome good doc has said any part of this actually been made in the coalition talks in

ipo size and she had prize on friday the company which is owned by china's most popular search engine baidu took this deal size to one hundred and sixty seven in guest on us by offering more than eleven inch gas at fifteen god repeats. this comes after the company increased its own regional price range of ninety eleven dollars to twelve to fourteen dollars just to taste thirty up at the high end of the revised range that of a site would waste thirty percent more proceeds than previously anticipated. tonight is not the only firms seeking to tap the american capital of the chinese tech companies plan to ipo in the us this year include sports water inside one hundred dot com and i've given up on some g mobile. you are heading for the actual break coming up next straight to your ups labor market continues to remain in use at a stop in st stay erect heights state team sells. steve. the eye. i asked adam to you right now whether it's stealing no respite for the region's unemployed. the lesson stop its rated steel hovering at a record high of over twelve percent in september. bought a twenty eight

. >> baidu break up. >> anthony? >> still costco. >> karen? >> i am sadly still selling some cvs. too expensive for me. >> brian kelly? >> i think it's time to take some money off the table. i would sell them. >> i'm melissa lee. thanks so much for watching. see you back here tomorrow at 5:00 for more fast money. "mad money" with jim cramer starts right now. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i just want to make you a little money. my job is not just to entertain you, but to teach you. call me at 1-800-743-cnbc. you know why it's easy to hate this market? do you know why people are promoting chart comparisons to 1929? i kid you not. i'm getting charts by the hour. or why there is frettg

baidu is giving 45% growth paid to stay in the game and not come in and run out. >> you take a look at intel today. 2.7%. an investor day and the ceo saying they're going to quadruple the number that go into tablets next year. >> he has other tech naks. there's an awful lot of folks that are chasing. than there were at the beginning of the 2008 session, times when people were running from the market. they are not chasing to match the performance of the index. the names they hear on the network. some of them have been burned lately in tesla and the rest of these. take a look. if china is very serious and i believe they are, then sign up. these are great places to be in the short and lock term. >> in terms of the chaser performance, we hear this a lot. there is less correlation in the job market. >> for firms like us, to be in a stock picker's market where the correlations go down, remember when it was ris on, risk off? was it a risk on or off day? each story gets traded, each story is traded the stock trades depending on how the company is doing. >> that's a great point. >> let's bring

thoughts on baidu? >> this is 25% growth at roughly 30 times earnings. i didn't want to be buying it. it has traded this level and held this level. i think it broke through. i like google. these guys dominate. you want them. >> could you play u.s. nat gas fund in something like arch coal? >> you can but they are not perfect inverses like they used to. a lot of cold and gas happened in the rez accidential. a lot of the demand for gas has come from residential. so it's not exactly a great. it's patchy. >> it's not a great distance. it's not a great shape. they have nothing positive to say for a couple of years. they do have a tremendous amount of balance sheet strength. they could really work against you. so if done well, there is a kpoen after all and they will find a way to grow. >> got your first move tomorrow when we come back. stay tuned. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at s

melissa: i was going to say, at the same time, baidu said they will start accepting it. more and more people are accepting it. it is huge in china is one reason the platform was started. more and more people are getting into it. senate lawmakers will have a hearing. >> here come the taxes. exactly. paul, i mean -- >> it here to stay to an extent. could disappear overnight. could get regulated out of existence or stay part of an underground economy. very hard to say where this is going to go. it is a very interesting platform. guy you're thinking of, pseudonym, nakamato say they invented it. nobody knows if he a man or group of people. there is lot we don't know about this. more and more people are taking it. you're right. melissa: people who believe it. go ahead, fred. >> first of all that sound like a name from "star trek." secondly the percentage, the percentage of people taking it on retail is a small percentage as i understand it, as versus the speculators in playing around wit. i'm with warren buffett. i don't invest in anything i don't understand. it is all very ki

names like netflix and baidu are higher but regeneron is down, as well as tesla. ipos, another strength for this market, active ipo window. we had a big ipo at nasdaq, zulily, daily deal site. look at that first day pop, up over 70%. in the meantime, we're about nasdaq, about 15 points away. >>> nfl, more than $9 billion industry, but even well oiled machine can get damaged. players being arrested has been a problem for years. now it seems quaint compared to recent events. >> miami, the charges of locker room bullying that's captured the nation's attention. one player being treated for post-traumatic stress disorder, lifetime injuries, many involving concussions. recently president obama and our colleague at nbc sports, bob costas both said if they had a young son now, they would steer them away from playing football. >> yeah. and then last night an ugly incident in the nfl's national thursday night game, after ripping the helmet off an opponent, an indianapolis colt head-butts the helmetless player. unbelievable. add it all up and you have a league that has high-

naks like priceline, facebook, baidu, all those stocks are higher on the day. traders are telling me, look, that's a good sign. these are the same high beta tech momentum names that drove the nasdaq higher. so the fact that we are continuing to see new momentum in them today could be a good sign. until then, 25 points away from nasdaq 4,000, we're on 4k watch here. >> sheila, thanks very much. what a market. really on fire. we've just got about ten minutes before the closing bell sounds. we're in record territory. art cashin did just stop by, bill, and tell me it's about $150 million for sale. relatively speaking that's a small number. does not seem to be a factor at all. looks like we have that record today. >> have this late rally like we've had lately here. we're just continuing to incrementally go higher. when we come back, dan brew remains very bullish on this market. in fact, he doesn't think a pullback in the short term is even possible. famous last words? he'll explain why coming up. >>> then activist investor cliff robbins is here. he says he's a frien

melissa: i was going to say, at the same time, baidu said they will start accepting it. more and more people are accepting it. it is huge in china is one reason the platform was started. more and more people are getting into it. senate lawmakers will have a hearing. >> here come the taxes. >> exactly. paul, i mean -- >> it here to stay to an extent. could disappear overnight. could get regulated out of existence or stay part of an underground economy. very hard to say where this is going to go. it is a very interesting platform. guy you're thinking of, pseudonym, nakamato say they invented it. nobody knows if he a man or group of people. there is lot we don't know about this. more and more people are taking it. you're right. melissa: people who believe it. go ahead, fred. >> first of all that sound like a name from "star trek." secondly the percentage, the percentage of people taking it on retail is a small percentage as i understand it, as versus the speculators in playing around wit. i'm with warren buffett. i don't invest in anything i don't understand. it is all very

tesla, green mountain coffee baidu, names down today. exact same names that led the nasdaq higher. everyone focused on the momentum stocks. >> sheila, thanks. dan, i'm curious, why is it we're seeing some momentum coming out of the market today? >> listen, you focus in on any one particular area of the market. in this case the social media names and other high fliers and you'll see weakness. con conversely, you look at broad -- >> it could have been different had we closed ten minutes earlier. >> that's true. in the face of tesla's monumental decline and a number of other stocks that have suffered, in particular twitter, obviously, since its ipo, the market is up north of 1800, new highs, give or take. the broader market is doing fairly well in the face of weakness in individual stocks. >> you're smiling. >> i have another name for these stocks. i call them the rob ford stocks because anyone who buys the valuation must be smoking crack. they're completely overvalued. i think as we head into the end of the year you'll see people reshuffling portfolios riskier names may be coming out

western union, moneygram, swift, all these businesses -- >> baidu. >> a lot of merchants are accepting bitcoin. >> you have a trading vehicle you trade now. >> we created like a private etf. it's fashioned like the spydr gold ged. people understand it's hard to acquire large dollar amounts. then have you to worry about how you safekeep them. rear regulated. it's a safe, easy way to get involved. >> i get it. virtual, agnostic currency, but have you to have a buyer and seller to agree on the value. what's the intrinsic value. >> what the buyer and seller agree on. when you're in prison, what's the value of a cigarette you buy and sell? >> i don't know, bill, what is the value? >> it's so different. >> for this to keep going higher, the supply has to remain constant, then, of bitcoin -- >> no, bitcoins do get created. there's some version of the fed out there related to servers, et cetera. >> right. there's 21 million that will be created for the next 100 years. about 11.9 million are out there right now. so, you have a predictable limited number of bitcoin that will be released into the

green mountain coffee/baidu, and regenron rounding out the list. these momentum stocks have been driving up the market. tesla up 40% year to date despite the pull back this week. here's also why it matters. momentum is usually a sign the market may be shifting, especially if you see a breakdown in momentum stocks. i've been talking to a lot of traders this about. they say it's a move they're watching very, very closely, watching the quality of the flows. we may not see a pull back in the market until next year. remember, fourth quarter for stocks is pretty seasonally strong so traders don't think we'll see a bunch of a pull back right now. watch out next year, especially when you see momentum names lose steam. how do you play all of this? stock redler says now is the time to be light and flexible. he reminds investors cash is a place to be in. mark wolf at gray wolf capital told me, when you're talking about the nasdaq, have you to be careful here. we are definitely seeing signs things are getting bubbly, maybe hitting a top. he's looking at nasdaq

baidu. youku. renren. the other big momentum group, biotech names. huge volume. traders love to play around with these stocks. gilead, biogen idec. celje celgene. what's been up? costco, sysco, cvs. the otc markets sent me a note they're going to be reopening trading about now pending a notice from finra. those are the pink sheets. they've been out today on a system outage. i'll keep an eye on that. >>> i'm over here today. joining us now -- >> there you are. >> here i am. wherever i go. heather hughes from sun america funds is with us today. so is bill mcveil from the turner small cap growth fund. john smith from d.t. investment parters and our own rick santelli. welcome to everybody. heather hughes, we talk about this change in tone of the market. we've really felt in the last week or so the momentum stocks are going down. technology is taking a hit. even as the blue chips were going higher. what's going on? is there a rotation going on or what are you sensing here? >> yes. you're right. it's very interesting that the advisers we work with were saying look at t

if you let the compounding work, i think baidu could triple over the next five to seven years, whereas i thought maybe google was a double. >> although google was one of your picks. someone will say, google, we're paying this guy 2-and-20 to tell us to buy google? >> yeah, in a debate we're not going to have here today, we might argue around the 2-and-20. >> i don't know, maybe you're higher. >> i'm 1-and-20, so i feel i'm -- >> look at that. you're 1999 rates. you didn't move them um. but why google? >> google, the basic mission of google is we want to organize the world's information. and if you think about it, that mission becomes more and more relevant year after year. but if i was investing in xerox or hp, wow, those are printers and photocopiers, it feels to me in five to ten years they'll be less useful, whereas i'm not going to be looking to google to find more information? yes. we'll be investing in the companies that are more relevant, that are getting stronger. you can also say, well, this is a bad company that's becoming less bad, but i find in growth investing, you want to

and one of the big things about the nasdaq's rise this year, tesla, baidu, netflix, amazon all higher today. >> happy black friday to you, rick. looks like the 10-year is 2.76. what do you have your eye on today? >> well, it's 2.75, 2.76, just to put some perspective. on wednesday, our last trading day, we had a settlement around 2.74. we closed last week at 2.74. so we are a little bit above it. a two-week chart reveals that the immediate issue is the 2.80 level, which was last week's kind of high water mark. of course we all know that the high yield close thus far since this move since the 138 all-time yield on the 10 has been 2.99, not quite 3%. if we look at the spreads and it really is a spread gain, whether you look at the 5 to 10s or 5 to 30s on a month-to-date chart, you can see there has been some flattening. it doesn't seem to be the favorite trade which is the steepener. let's look at what's going on overseas. they weren't closed. many talked about japanese data but being of talking with remaining issues with greece and the imf, the troika not necessarily taking the calenda

baidu, one of the biggest retailers out there, is now accepting bitcoin. that's a crazy thing. the whole thing seems bizarre. ultimately, the u.s. government and everybody -- as the is he serve currency. >> why? >> because they don't want to be tied to us. >> the whole argument of bitcoin sess a keanu reeves like world where the u.s. dollar goes to zero and everybody just has to walk around with gold and bit coin. right? that's the whole goal. in which case maybe that would help china become the reserve currency. it's a reserve currency argument. >> we realize how much in dollars china has right now, right? so their actual desire to undermine the dollar would be minim minimal. >> well, but do the extent -- >> although there have been chinese officials who have made comments because they've been frustrated by the actions the u.s. has taken. >> if you told me bitcoin and now a life coin and there's so many -- that's why i can't imagine one wins. and i think the u.s. government, i don't understand what ben bernanke is doing with that comment he made to those senators. i don't unde