shares of micron are up. this is after they reported better-than-expected top and bottom line numbers for their fiscal first-quarter and the forecast strong numbers for the current quarter. gross margin is something i have been eyeballing all day. they are coming in more than 27%. ludlow is your to break in the numbers. what is your key takeaway from this report? at the optimism you see across wall street that the memory chip market is going to rebound. probably at some point in the second half of next year. when we talk about dynamic random access memory, we are talking about the memory chips that go into computers. trips tradesse like a commodity. they have been falling as new technology comes into the market and capacity comes in. look at the blue line which is micron shares. they have been gaining despite the low prices. despite their positive numbers for the second quarter, wall street is saying look past that for the second half of next year the demand is going to be driven by spending for data centers

that's essentially what micron has done. cost cut dram accounts for more than two thirds of revenue and also other areas because they have been vulnerable to the cycle and the supply demand equation has been fluctuating. they are basically looking at how they can diversify the business offering and make sure they are constantly selling chips at best -- two different business areas. taylor: thank you, ed ludlow. the softbank vision fund, best known for its outside bets on tech start ups but in the latest cover story, sarah mcbride brings to light the environment harassmentcy and inside masayoshi son's famous fund. she joins us now. what i loved about your story is to get to know softbank, we have to get to know the founder, masayoshi son. who is he? reporter: he's an incredibly interesting guy. he's a korean immigrant to japan. he grew up in this hardscrabble way. supersmart, came here to the , movedttended berkeley back to japan, started softbank. one of the things that stood out about his background for me was in 2000, he i

micron shares have gained traction in recent weeks. you have seen a number of people on wall street saying look at the second half of 2020 and the key themes we talk about when it comes to chipmakers. increased spending on data sensors, i.t. infrastructure, and new phones that should drive a rebound in dram pricing, and that should ultimately, analysts say, lead to increased profit for micron any long-term. a beat on the top and bottom line and the fiscal first quarter. looking like a worrying picture for fiscal second quarter. we will want to hear more about that on the core -- on the call, as well as huawei. we want to know whether micron can do business with huawei going forward. romaine: thank you everyone on the markets team. we want to bracket -- bring back in michael arone and bloomberg intelligence chief equity strategist gina martin adams. michael, i want to start with the. let's talk about -- start with you. let's talk about 2020. a lot of people looking to europe and emerging markets saying they could outperform the u.s. wha

an example of that is the case of micron. micron is a u.s. computer memory chip maker that makes a particular kind of empoko this memory chip. the chinese import. they don't have a domestic producer so a few years ago they set a goal that they would have domestic production capability and e. ramp. they set up a company to manufacture it. they built a factory and they set up a company. they didn't have the intellectual property the chips. they were going to steal it and they stole it with a micron to come over and enter into and pass information over to the company which they would do a joint venture. micron notice what happened. they went immediately to the fbi to the federal government and they cooperated extensively or they've been very vocal about that with cooperation and the result of that was not only were the individuals charged here in the u.s. and in taiwan by the government there, the company itself, the chinese company was charged and most significantly i think the chinese company was placed by the commerce department on the entity

micron popping after hours after a blowout quarter. we breakdown the numbers and find out what they might mean for the red hot chip sector. in case you haven't noticed there is a record rally in the stock market but no one told this megacap stock what is that mystery chart why is it not participating? what's wrong with it. >> lets see. >> we'll talk about live from new york's time square in new york city. much more "fast money" coming up >>> all right welcome back to "fast money. we have got an earnings alert on micron the stock hitting new highs ar hours after the conference call gets underway. nice spike, 4.5% lets find out why with josh lipton in san francisco. >> that stock already surged nearly 70% heading into the print. and you just mentioned trucking higher in the after hours process. for a quick take i caught one rbc mitch steves a micron bull. with micron calling the bottom and guidance suggests margins moving higher. meaning inventory levels normal i see eye. the ceo on the call talking about the company's financial outlook.

micron appears to be supporting this. there is a potential bottom in memory chip pricing that is worth noting on this chart. this is the index for pricing. you can see micron's stock has been improving. notably, the ceo said in a statement that we are optimistic that micron's fiscal second quarter will be the cyclical bottom for our financial performance, so all of this supports a very strong day for chips when the market opens. this strong outlook for micron comes as two analysts upgraded the stock this weekend. morgan stanley insisting they got it wrong for the sector. that's very interesting. one of the reasons they had put a cautious outlook on chips was the trade conflict between the u.s. and china. that has clearly changed. if you look at how the semiconductor index has performed -- look at that -- it is up almost 60% year-to-date to date. that is another reason morgan stanley's analyst admitted his cautious view on the group was "clearly wrong" given the stock performance. he think say and broadcom are among the co

. >> back to micron, the story >> we want to get back to stocks and talk about micron. >> sanjay road trip. he sat right there and called the bottom i think we are saying this conference call was the bottom he called it mid-40s. he sat right there he sat in david atly's chair, being the ceo. >> of ups. let's listen to him. what he had to say, okay, ceo of micron >> as he bought 80ple shares, there is still a huge amount of fire power in your buyback that only 2.7 billion. stock at 45, 46. go to your board, go to your treasurer, go to your cfo, and say let's go back in because i understand you did not buy stock when it went to the high 40, low 50s this is your sweet spot. will you put mound to work after the interview. >> i don't understand. that was just you saw. >> it was kind of strange. >> that was really odd >> it was would be sanjay. >> what was that >> okay. so okay >> do you want to actually tell wlaus he had to say after we listened who cut that >> okay. what he said was, he put almost no money to work he never really went ebe low that last night on the calm it was seminal. he

josh lipton has more on the micron story >> micron is the largest u.s. maker of memory chips. reporting 48 cents on $5.01 billion. the street was looking at 30 scents looking ahead, micron expects q 2 of 36 cents and revenue of $4.5 or $4.8 billion saying with strong execution and improving conditions, he is optimistic that the second quarter will be the bottom of the performance. the stock had already skyrocketed up nearly 70% as investors had bet memory prices had bottomed and thanks to the 5g roll out and big cloud players spending more. the micron bull to get a quick take on the report he said a very good report guidance suggests margins buying higher which means inventory levels marginalizing >> elsewhere, nike earnings are expected to sprint higher when they report sports wear after the second quarter will close. keeping up tensions getting out to the equity research looking at nike stock. the stock is up more than 40%. before we talk about today's earnings, what do you point the strength back to for nike. they are in a strong place as they launch into 2017. they've been

now you can get behind micron. get behind them when they say the cycle bottomed. >> doesn't phase one -- >> is it baloney is that what you're going to say? i don't care it doesn't matter. it doesn't matter. it lets animal spirits in boardrooms. >> is it anything until it's signed >> yes you know why number one, tariffs didn't go into effect. >> the tariffs did not go into effect >> and september tariffs were cut in half. it's a change. >> it's all about tariffs. >> that's the most important thing. >> i agree for day today market moves but we don't have a deal signed. >> i agree it's the most important thing for the next few quarters. you're correct for the next few years we got to get ip signed and dealt with wasn't looking for that in september. >> i'm almost subtjecting as lon as you don't get the tariffs, you don't get a deal >> the market went unfip fine >> stop talking about it look at the market responses and micron >> only because the tensions are eased for a moment >> that's a big deal >> i know it is. >> w

so our industry that multiple growth drivers, and micron certainly is expanding its product portfolio and absolutely driving. that's what we're excited about for 2020. >> that's good news. one of the potential head winds is customers in china building inventory the end of the year. when will investors know how much drag that will be in the first half of 2020 >> i will tell you some china customers may have built as a result of trade tensions, may be carrying levels of inventory, may have made strategic decision to carry higher levels of inventory perhaps. of course, we do not have total visibility into their inventory strategy practices what i will tell you is we observe buying patterns of those customers and inventory there would be much less than inventory we had seen in 2018 when across the globe in multiple markets customer had building inventory due to increasing prices. this inventory in china is meaningfully less than we experienced in the past. another important thing, jon, when you look at the supply simulation happening in the industry, supply growth is slowing down in the i

the street expects micron to report on revenue of $5.01 billion. that stock has surged nearly 70% this year as investors are betting memory chip prices have bottomed and will move higher thanks to the 5g rollout, new game consoles and game cloud are spending more. on the call, analysts want to hear whether they think inventory levels, which have been elevated this year, have now bottomed back to you. >> josh lipton, thank you very much josh brown there was a glut in inventory in these chips. >> yeah. >> is resolveing that and having some pickup in demand going to take that out of the picture at all? >> i think so. a difficult part about this game is how much of that is already discounted that's a true cyclical in every sense of the world it's not at all dissimilar to companies like caterpillar all the psychiccyclicals. it has that same veneer to it. to that point, seeing this stock having appreciated into what people expect is a rebound you might say to yourself how great is the rebound going to be let's bear in mind it's 10% below its 18 highs whe

show of discontent combined with thursday's industrial action they show the people power resisting micron's reforms. since the end of last month air b.n. b. as an official sponsor of the olympic games staying in france that has infuriated paris the whole city of the 2024 summer olympics the french hotel association has threatened to stop working on the planning for the event to protest against what it considers an unfair competitor the international olympic committee tried to smooth things over. paris is full of air b.n. b. apartments the city mayor says that increases housing market pressures to counter that she intends to hold a referendum giving parisians the chance to ban the room sharing platform from the city that's a dialin or for the international olympic committee it's just signed up air b.n. b. is a sponsor for the 2024 paris olympics and wants to put its athletes in air b.n. b. apartments which may now not be available. free. there are. steps if the. appropriate. we have also explained to you know that. agreement is complimentary to. 0 for commendation in hotels. turley's disagre

microns second upgrade this week yesterday susquehanna upgraded to positive. whatever that means. there is a report tomorrow after the bell dan nathan is micron about to rip higher. >> the d-ram the memory is coming a year out. when you think about this stock up 65% on the year double the nasdaq. you might have seen some good friends in front of tariffs where you saw double ordering by a lot of micron customers. i would be cautious. the stock it just broken out here it's up 8% in the last week. i wouldn't buy it in front of the print last quarter no bhaert what they said the stock was down 12% the next day. i suspect you'll have opportunity after the print. >> that's a chart that looks like you want to break out because it is breaking out here is what i'll say about d-ram prices in 2019 you went from $3 down to $1.65 and people with saw the ip flex and 5g wsh probably not next year but 021 but this is a stock overshooting one way or the other. >> d-ram is oil. the and boon pickens says the cure for higher prices is higher prices prices come down micron cuts guidance it's a tough s

micron's ceo, yet another berkeley graduate, just like our friend joey from allbirds. they're everywhere. gerri: the place is lousy with them. liz: thanks, gerri, very much. first there were blood diamonds, but now, blood batteries? with the closing bell ringing in 33 minutes, s&p still up three, dow up 18, no, sasdaq up 19. apple, alphabet, dell, microsoft, tesla, just charged with aiding and abetting the child labor used to mine a vital element contained in lithium ion batteries that they use and make. we will tell you about the lawsuit that accuses some of the richest companies in the world with looking the other way, as children in the congo get maimed and even killed while earning just $1 a day in dangerous stone age mining conditions. that's straight ahead on "the claman countdown." as a doctor, i agree with cdc guidance. i recommend topical pain relievers first... like salonpas patch large. it's powerful, fda-approved to relieve moderate pain, yet non-addictive and gentle on the body. salonpas. it's good medicine. hisamitsu. ugh, another electronic signature. yo

micron is incredible what can we buy off of sanjay's bottom call? there was a tightness in flash memory who else makes flash memory? digital. including 2.7% today i am betting it just gotten started. i know my history in the past when the cycle turned, this $58 stock have rallied through $100. it hit those levels twice in the last five years and twice when the cycle turns. i think western can do it again. remember lam is anticipated one of the strongest stocks in the entire s&p don't go crazy with lam. however, what's driving my strength is digitalization itself as company goes to the cloud and need to store as much data as possible, big warehouse are full with observers you should be thinking amd and nvidia both of these stocks have been red hot. i think for upside and much more the poll 5g. that should boost the company. marvel technology that stock should be 28 i know these names so there is no real hurt you got to pull a tryingigger i dp does come down intel is still having trouble making shift another reason to buy amd. artificial intelligence

chipmaker micron hits the highest price in 18 months after the company reports earnings. we will break down the numbers as semi-conductor optimism swells. holiday gifts on the brain, but how are they getting to grandma's house? we explore amazon's delivery system as it ditches ups and fedex. the year that was. we check out how big tech companies apple and facebook fared in 2019 and how each is set up for the new year. we begin with a look at tech in the markets, most notably, semi-conductors. we see that chipmakers bottomed out nearly a year ago and have been on a riproaring rally since then. micron adding to that sentiment, as the company reported first-quarter earnings wednesday. micron impressed wall street with a strong outlook of between $4.5-$4.8 billion dollars in revenue. shortly after the company reported, i got insight from wedbush securities analyst matt bryson, who joined me on the phone after the analyst call. matt: they are seeing tightness in certain areas. also, they are calling the bottom for memory in general. they think this current quarter is going to

preserve our conscience system which is one of the best in europe and we don't want to go backwards micron's reforms are destroying french society. it looks like it will have to retire even later. money in. the demonstration was mainly peaceful but there was some clashes between police and so-called black bloc and his protesters i. more than $6000.00 police officers were deployed in the city this police union spokesperson said many of them would have wanted to join the strike a lot of them wanted to come. we had the day off today that was a load and also we do not have the right rooms like so. yes it's difficult for force the strike caused major disruption across the city there was little public transport and most schools were shots even the eiffel tower was forced to close the french president says the pension system needs to be streamlined to make it fairer and safe public money the strike saw a major test for emanuel micron because he made reforming the pension system $1.00 of his campaign promises 3 think gives in to the protesters in scotland is reform it will be a political failure of

chipmaker rally, micron hits the highest price in 18 months after the company reports earnings. we will break down the numbers as semi-conductor optimism swells. holiday gifts on the brain, but how are they getting to grandma's house? we explore amazon's delivery system as it ditches ups and fedex. the year that was. we check out how big tech companies apple and facebook fared in 2019 and how each is set up for the new year. we begin with a look at tech in the markets, most notably, semi-conductors. we see that chipmakers bottomed out nearly a year ago and have been on a riproaring rally since then. micron adding to that sentiment, as the company reported first-quarter earnings wednesday. micron impressed wall street with a strong outlook of between $4.5-$4.8 billion dollars in revenue. shortly after the company reported, i got insight from wedbush securities analyst matt bryson, who joined me on the phone after the analyst call. matt: they are seeing tightness in certain areas. also, they are calling the bottom for memory in general. they think this current quarter is going to

and other of micron chipmakers. this is bloomberg. ♪ david: from bloomberg world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. on the brief today, anna edgerson from washington on impeachment. from los angeles, kevin cirilli for a preview of the democratic reseidential debate, and ther raphael from london on the brexit plan. what comes next on impeachment? anna: the next step will be for the house to send the impeachment articles to the senate for the senate to start the trial of whether or not to remove trump from office. there has been confusion between about 9:00 last night and right now to see whether or not the house would delay those articles in order to have some kind of leverage on what the senate trial looks like. we just heard from nancy pelosi and she tried to clarify that by saying it is more of a procedural question. they are not trying to seek any political influence on the p

and 1st day protests turned violent in some cities with demonstrators angry at president in my new micron's planned pension reforms that ash about reports from paris. there were people from all walks of french life teaches students and lawyers joint transport and health workers in central paris part of a nationwide strike protesting against the government's plans to reform the pension system they fear the changes would force them to work for more years and reduce their pay outs we are here to try and preserve our pension system which is one of the best in europe and we don't want to go backwards micron's reforms are destroying french society. it looks like we'll have to retire even later but we'll have even less money in our pension so the demonstration was mainly peaceful but there was some clashes between police and so-called black bloc and a case protesters i. think more than $6000.00 police officers were deployed in the city this police union spokesperson said many of them would have wanted to join the strike a lot of them wanted to come. we had the day off today that was a load and als

who is president micron i want to understand how one head of state who's holding the line for the leasing looks at it and what he thinks is even possible i would ask him what can be done what are other leaders in. democracies talking about. will the levy manila in manila yeah i had the money in the many many years ago. please if you ever come i'd love to show you. how long have you been in exile. since two thousand ninine. and your family. i hope i don't have to go into exile. i mostly think that. i. whatat did you think the meeting with president. i sufficiently cycynical but myy normall pectationn f for a meeeeting wih the head o of state i is that wl bebe a problem. but essentially will be a performance for some political. but it t was a remarkable senense thahat you we actually having a conversation with somebody y who actually ha. to influence our political rerelations so we'll see what actually comes of it. it was an off the record discussion with him. one is one of the leaders that was targeted by these bad actors and social media. is he a leader with liberal values does he stand f

that is micron depends on health of apple and the trade deal. why you're seeing their stock up today. charles: micron has been a monster stock all year long but so has heather. david, heather, thank you very much. appreciate it. >> you got it. charles: speaking later in the hour, apple, google, amazon deciding to play nice over home technology but is there something deeper going on with this technology truce? i see defend 19 headwinds becoming 2020 tailwinds. i will ask wall street's best why economists continue to play it so close to the vest. >> remember four months ago, we had one little period we had a little downturn, oh, we're going into recession. i said don't worry about it. all of sudden in the past week we set brand new records in the history of the various stock markets. step up, please. empty your pockets. looks like you're all set for that business trip. you've got your smartphone, laptop, your other smartphone... woman: is this all the devices you have? your tablet... seriously? smartwatch, your backup tablet, and... woman: anythin

kailey: western digital and micron have been the two best performers. you can see western digital up nearly 20% in the past five days. a lot of it is optimism about nan. china makes up a significant share of the revenue for western digital, about 23%. greater asia when you include hong kong is half of the revenue. they are susceptible to the trade narrative. that optimism mating in the stop . as for other chipmaker -- that optimism aiding in the stock. some kind of phase one resolution seems to be giving a lift to a lot of those names. guy: thank you. -- vonnie: thank you. that is kailey leinz with our stock of the hour. type your latest bloomberg business flash. of has gotten the backing its most important shareholder for the plan to merge with fiat chrysler. bloomberg has learned the french government has signed off on the deal. the new company would be based in the netherlands and headed by the psa ceo. travis kalanick getting out of uber halite cash uber shares quickly. getting out of uber shares quickly. remaining uber's state amounts to about 1/5

you guys are with micron, and you walk a couple of blocks and help volunteer. >> yes, we're just a few blocks away, and we come over here and pack on a semi regular basis with the team. it's really for a good cause because there's so many hungry people in this wealthy area, and we're here to do our part to help them out. >> reporter: great location. and cami, i'll let you do the big reveal. this check going to second harvest of silicon valley, tell us how much you're donating? >> we're donating $100,000, and we're really pleased to support all the efforts of the food bank as they strive to really support the families that don't have enough to make ends meet. it's a really fantastic partnership for us. >> reporter: and leslie with second harvest, they keep these trucks moving. >> that's right. this support will keep this truck on the road all year and help us serve the 250,000 people we serve every single month. >> reporter: is that why your name is on the truck? >> it is, that's why it's on the truck. a big check, but it's really worth it. one of our focus areas in giving for micron is

marched across france in one of its largest workers strikes in years protests against president emanuel micron's plan pension reforms turn violence in some cities those are the headlines witnesses next. ul. just. so you feel quite odd now. where hell of. a fucking. asshole and yet as i'm buying it you mustn't. oh wow. fish. yes but just to. push to get. you to follow just in this final thing. for. you but he wrote a lot of it well if a little bit if this is done this will be the only thing that. you do. but. this is not. just some modeling. it's an old. sim white washed the new cut into the clinches. the better than the one. yes. so so now that you've got the most. i have. tried to just. let's assume for. a. moment. rob step show. for social. media to. small my 100000000 not to a. god only form. which has to travel mused such as a similarly. disorder . oh. ok. then moshe lynn sherr lol. now i. was doing it. and. knew korean was a law. then you thought it was an exam do you think i need your feedback. the layer of knowing who knew until new orleans sum up over a year old only a temple child. was

>> i just can't read one more upgrade on the micron piece. it is, like, this quarter is not going to be that good. what is going to happen when they report? just -- it is just with seven points, upgrade after upgrade after upgrade. there is a viacom piece today that said using pt, price target. >> thank you for that. >> of 73. >> 73. >> stocks -- >> $39.75. >> i listened to david faber eviscerate -- >> i did not eviscerate anybody. i asked him a couple of questions. >> that's part of the problem. and $73 price tag. there is no end to it. quick take, safety and efficacy of loxo. that's good. loxo how about -- how about veggie cream cheese, though this thing is unbelievable how many positives we have >> we're going to -- >> it is crazy >> it is good the guy left. >> jim is not kidding. we're going to get to other upgrades of u.p.s., j&j, cramer's mad dash, count down to the opening bell futures look good here a downgrade of lennar. >> doesn't get the game plan. >> "squawk on the street" back in a moment. don't dgo away. ♪ >>> breaking news on

angry that's emmanuel microns plans to leave a whole frances pension system. thousands of people havave hit the streets in protest. the goverernment is looking to streamline the forty two existing sector specific pension schemes and ensure that pensions paid a reflective of time worked. for many this is unacceptable. double date on on the public service many others cannot play tennis today but would like to. yeah because this retired people also need to make mon it's more than eight years we have had any race transient. at least six thousand police officers have been deployed in paris went before a must much had even begun nearly thirty people were arrested the strike has already coals must disruption in fronts with rail networks down planes grounded. and schools closed across the country. public transport unions announcing that strikes will continue until at least monday this situation could go on for a good while longer. and as you heard them not to strikes and demonstrations going on all across the country this thursday monty francis has more. or say to not

coming up, mike braun is gaining in -- micron is gaining in premarket. we will look at potential resistance in technically speaking. if you're jumping into your car, tune into bloomberg radio, sirius xm channel 119 on the bloomberg business app. this is bloomberg. ♪ alix: time for technically speaking, where you get traits for the morning. bill maloney joints me now. you can listen to bill all the .n squa theon crushed it good bill: report gave a strong outlook. june,end is higher since but look for resistance around 56. that is a retracement of this move. if they cannot get above 56, maybe 62, which takes you back to march of 2018, but 56 is your first year resistance. alix: next you're looking at johnson & johnson. not moving in premarket an upgrade over barclays. bill: little change in the premarket. price target 173, but it has to get through this key level, which is 145 which dates back to the selloff last september when it plunged on the asbestos in baby powder. above 140 five you're looking at the all-time high of 149, but it has to get abov

. >> shares of micron rising in pre-market. the chipmaker reporting better than expected top an bottom line numbers for the fiscal first quarter and forecast strong numbers for the current quarter. >> give us the numbers and what it means for the semis, in the midst of these record rallies? >> you have to imagine we'll see the chip stocks move higher. the number, $4.8 billion in revenue beat analyst expectations but it wasn't just the numbers that were remarkable. it was the commentary from micron saying the slow in demand had finally bottomed and it was all up from here. >> taking most points off the stock 600 this morning and that's after it lowered its sales growth outlook. the company cited challenges in the quarter and some markets including the economic slowdown in south asia. you get punish when you cut your sales outlook? >> you're seeing the new c.e.o., who took over at the start of this year. he's backing away from his predecessor's growth targets. in the release this morning they cite west africa, north america, they

micron adding to that sentiment, as the company reported first-quarter earnings wednesday. micron impressed wall street with a strong outlook of between 4.5-4.8 billion dollars in revenue. shortly after the company reported, i got insight from wedbush securities analyst matt bryson, who joined me on the phone after the analyst call. seen tightness in certain areas. also, they are calling the bottom for memory in general. they think this current quarter is going to be the bottom of the cycle. that fits with the tightness in certain areas. and very much parallels the groep -- the guidance they gave for gross flat margins, which suggests that prices are normalizing finally. >> does this have any implications for capex or expansion of capacity? >> at this point, they are remaining conservative in their capex outlook. they are keeping their guidance study. i think that is the prudent thing to do, to wait for demand to come back. they did note that there is a point of uncertainty in terms of how much inventory china has accumulated. i have just come back from asia. that is someth

now after the close, we heard from micron, the commodity semi-conductor maker i told you to expect a good quarter and that's what i got. the friend of the show said that the quarter would mark the bottom for micron's business the future is looking better than the past. no wonder it's trading again omorrow. it welcomes a serial disappointor by the way. they only declined a couple of bucks and the news is that the market assumes that fedex's problems are fedex specific you should be willing to more than you should do some buying while today's impeachment debate doesn't seem to do much damage it was met with no buyers today and that's not what you want to see if you're hoping for smooth sailing going forward into your end. even if we have a few down days coming up, more of the market being overbought than the president being overimpeached. market history says it's a mistake to freak out about the impeachment process. stick around and i'll tell you why. why don't we go to dave? dave. >> jim, i just want to thank you for sharing your market knowledge, your hard work and enthusiasm deliver

micron, dram, nam flash. and lam research i would focus on those rather than anything to do with hardware, hand set suppliers that's where you might see disappointment >> do you think we'll see impact in 5g in terms of reaching the consumer and all of the ripple effects that could come next year or will it not come until 2021 >> i think it is stacked into the second half of next year earliest one of the things that the bulls are talking about as pertains to technology and technology drivers is essentially assuming 5g is here, and 5g is an aggressive ramp starting january 1st, i don't see that. maybe it is an aggressive ramp january 1st, 2021. there could be some disappointment to answer the question directly, very late, 2020. >> at the end of each year, we look back and say or look ahead and say technology shares may be overvalued, some of the names within it. they've had a great run in the last year. next year has to be a tough year then the year comes to an end, you look at the portfolio, what outperformed,

see live pictures from paris where the french people have again taken to the streets against present micron's plans to over. just behind me you can see live pictures from paris where the french people have again taken to the streets against present micron's plans to overhaul. jacqueline hello there well as you can see we are in the thick of it because paris is approaching. jacqueline hello there well as you can see we are in the thick of it because paris is approaching. this government is set to announce their final plans for the pension reform in this country but according to various polls definitely at least more than 50 percent of the country's population support the ongoing strike in this country some polls though put this number 2 was high is 70 percent so clearly the majority of the french people want to say no to all. that the government is confident about and we already heard from the prime minister of france that there is no turning back. if you don't make serious profound and progressive reforms to date someone else will make a much more brutal reform tomorrow i hope that we can con

right here because there are tensions you know the more to interesting thing about this statement from micron about the brain death of nato what's their reaction to it how in total rent nato need us are you know america will do. and you said you want your destructive policy and they have to glue together. what you did in ukraine ok so why is she an authority on anything the absolutely well the polish minutes that there was more advanced you also scolded micron you know saying that he statement was irresponsible i mean look how intolerant these people are and they accuse. us everyone was angry because marc wrong invited the leaders of kurdish groups you know to paris he was also angry because lindsey graham in the united states is facilitating their visa for someone whose real name does not decide he in but who is called general called bani by by the u.s. well i mean how would you react if someone who is can see that a terrorist in your country is welcome to you but by the president do you bring up these inconvenient you know what my point is here is that the media is projecting this seamless

micron technology is another one. i think there are areas of the market where you have specific areas we know where they're going. we have seen the growth. we know where they're trading on the fundamental side of things that's the key, scott. if you've got a strong company and you're in the right places and rich you were putting out some different name, i think there's all kinds of names that remain cheap there are some that are expensive that i wouldn't be adding nvidia is an example of that >> i think it's very interesting that even though value working over momentum even though si cyclicals are working over defensives, that tech is still continuing to work we see this in semis and software software on the one hand is a very much momentum driven sector and those valuations have run out. if you look around the world, this is all about software this is where the enterprises are spending and that's why the top lines of the software are going to continue to go up then you look at semiconductors. it's a sector up 55% yea

transport flights hospitals they are all disrupted again protesters are angry at president emanuel micron's plans for pension reforms but the government insists the strikes won't stop the changes from happening in india more demonstrations against violence towards women after the deaths of 2 rape victims. dozens joined a flash mob in the capital new delhi chanting a protest song against rape culture the violent deaths of 2 women have sparked outrage across the country. now this really. years accusing the occupied west bank most prestigious university bitter said of being a recruitment center for what it calls terrorism dozens of students are currently in israeli jails the university denies the accusations but has told al-jazeera it fears more rides are to come no one can reports from the occupied west bank at 1st glance at present university looks like an ordinary campus that could be anywhere in the world that's because it is the university in the occupied west bank goes about its daily business but the israeli army says it's far from ordinary and that this campus is a recruitment center f

country but also protecting turkey as well so why then yelling at micron why yelling at mccrum because mccrone is making a populous move and that was discrediting nato this is something that needs to be talked behind closed doors across a rookie president. he made this move to bring the spotlight on to himself if you make a rookie move like the way mccrone did you open yourself up to comments like an elder statesman like president said called him brain dead you have a media savvy president like the u.s. president u.s. president dollar trump saying hey how about some isis fighters you want them i can send them back to your country and then you have left sitting at a press conference looking very funny at the camera because he has no answer to that mr every international politics has always been a bar with hard core bargaining sometimes even blackmail but most of it i would agree is usually done behind closed doors but i would argue that present are gone together with mr trump by the way is one of those leaders that has brought it out into the open he often makes connection between for e

country but also protecting turkey as well so why then yelling at micron why yelling at mccrum because mccrone is making a populous move and that was discrediting nato this is something that needs to be talked behind closed doors across a rookie president. he made this move to bring the spotlight on to himself if you make a rookie move like the way mccrone did you open yourself up to comments like an elder statesman like president once said called him brain dead you have a media savvy president like the u.s. president u.s. president dollar trump saying hey how about some isis fighters you want them i can send them back to your country and then you have sitting at a press conference looking very funny at the camera because he has no answer to this mystery international politics has always been a bar with hard core bargaining sometimes even blackmail but most of it i would agree is usually done behind closed doors but i would argue that present added on together with mr trump by the way is one of those leaders that has brought it out into the open he often makes connection between for ex

he and the nato secretary general against both reacted sharply to microns recent description of nato as quote brain dead. never serves a greater purpose. here in the united states. and i heard that a president would grow very brave i think it's very insulting to a lot of different. regard. to the who is not. just. for. the horrendous sort of 1st notice throughout. all of you don't. come along this thing more in. the book against terrorism earlier turkey's president warned he will oppose nato defense plans for baltic countries on poland he's seeking the blocs unconditional support for his fight against the main the kurdish y p g fighters in northern syria that it regards as terrorists u.s. . nato needs to act in a proactive manner against 3 its proposed by the terrorist organizations it's inevitable that nato is in need of readjusting itself against today's terrorist threats we expect our allies to display strong cooperation with us against the threats we have facing which is let's get an update with join a whole joining us from london 1st on what trump had to say a particularly about

and preserve our pension system which is one of the best in europe and we don't want to go backwards micron's reforms are destroying french society. it looks like we'll have to retire even later but we'll have even less money in our pension so the demonstration was mainly peaceful but there was some clashes between police and so-called black bloc and a case protesters i. think more than $6000.00 police officers were deployed in the city this police union spokesperson said many of them would have wanted to join this joint a lot of them wanted to come. we had the day off today that was a load and also we do not have the right to go on strike so. yes it's difficult for force the strike caused major disruption across the city there was little public transport and most schools were shot even the eiffel tower was forced to close the french president says the pension system needs to be streamlined to make it fairer and safe public money the strike saw a major test for emanuel micro because he made reforming the pension system $1.00 of his campaign promises 3 think gives in to the protesters in scotl

and preserve our pension system which is one of the best in europe and we don't want to go backwards micron's reforms are destroying french society. it looks like we'll have to retire even later but we'll have even less money in our pension so the demonstration was mainly peaceful but there was some clashes between police and so-called black bloc and a case protesters i. think more than $6000.00 police officers were deployed in the city this police union spokesperson said many of them would have wanted to join the strike a lot of them wanted to come. we had the day off today that was a load and also we do not have the right to go on strike so. yes it's difficult for force the strike caused major disruption across the city there was little public transport most schools were shot even the eiffel tower was forced to close the french president says the pension system needs to be streamlined to make it fairer and safe public money the strike saw a major test for emanuel micro because he made reforming the pension system one of his campaign promises so if it gives in to the protesters in scotland i

and preserve our pension system which is one of the best in europe and we don't want to go backwards micron's reforms are destroying french society. it looks like we'll have to retire even later but we'll have even less money in our pension so the demonstration was mainly peaceful but there was some clashes between police and so-called black bloc and a case protesters i think more than $6000.00 police officers were deployed in the city this police union spokesperson said many of them would have wanted to join the strike a lot of them wanted to come. we had the day off today that was a load and also we do not have the right to go on strike so. yes it's difficult for force the strike caused major disruption across the city there was little public transport and most schools were shot even the eiffel tower was forced to close the french president says the pension system needs to be streamlined to make it fairer and safe public money the strikes on a major test for emanuel micron because he made reforming the pension system one of his campaign promises so we think it's in to the protestors in scot

happening right here because there are tensions over the most interesting thing about this statement from micron about the brain death of nato was their reaction to it how important nato leaders are you know so america. and you said you want your destructive policy on there to glue together. what she did in ukraine ok so why is she an authority on anything there absolutely well the polish prime minister there was more advanced also scalded micron you know saying that he statement was irresponsible i mean look how intolerant these people are and they accuse. everyone was angry because marc wrong invited the leaders of kurdish groups you know to paris he was also angry because lindsey graham in the united states is facilitating their visa for someone whose real name is up dish and he in but who is called general called bani by by the u.s. well i mean how would you react if someone who is can see that a terrorist in your country is welcome to you but by the president do you bring up these inconvenient you know what my point is here is that the media is projecting this seamless unanimous forward bla

country but also protecting turkey as well so why have them yelling at micron while yelling at mccrum because mccrone is making a populous move and that was discrediting nato this is something that needs to be talked behind closed doors across a rookie president he made this move to bring the spotlight on to himself if you make a rookie move like the way mccrone did you open yourself up to comments like an elder statesman like president said called him brain dead you have a media savvy president like the us president us president dollar trump say hey how about some isis fighters you want them i can send them back to your country and then you have left sitting at a press conference looking very funny at the camera because he has no answer to that well mr every international politics has always been a bar with hard core bargaining sometimes even blackmail but most of it i would agree is usually done behind closed doors but i would argue that present are the odd together with mr trump by the way he's one of those leaders that has brought it out into the open he often makes connection bet

country but also protecting turkey as well so why then yelling at micron why yelling at mccrum because mccrone is making a populous move and that was discrediting nato this is something that needs to be talked behind closed doors across a rookie president he's made this move to bring the spotlight on to himself if you make a rookie move like the way mccrone did you open yourself up to comments like an elder statesman like president add on said called him brain dead you have a media savvy president like the u.s. president u.s. president dollar trump say hey how about some isis fighters you want them i can send them back to your country and then you have left sitting at a press conference looking very funny at the. camera because he has no answer to the mystery in international politics has always been a bar with hard core bargaining sometimes even blackmail but most of it i would agree is usually done behind closed doors but i would argue that present at all and together with mr trump by the way is one of those leaders that has brought it out into the open he often makes connection betw

reacted very negatively how do you explain such a negative reaction by the turkish president to micron's assessment which at the end of the day doesn't really contradict what they're doing himself has been saying about the lack of the he said this about the lack of 1st a prosody about the lack of mutual understanding calling the brain dead right before the leaders' summit is a very undiplomatic movement it's true and the president added on likes to telling truth both voters and to his partners. suppose right if we look at the lead up into the nato summit president that one had stressed that there were problems with nato he stressed it himself he stressed that he wanted the y.p. jeep to be recognized as a terror group and as i just stated before he stressed many times that these old institutions need a restructuring they need to become more dynamic he said they need to become more close all inclusive and this security structure needs to be $360.00 degrees all encompassing not just protecting baltic states not just protecting germany not just protecting x. y. z. country but also protecting

intel and applied materials and micron op the list hp ink on there as and this theic shoe and apparel make are nike and retail wal-mart giant the closer we get for the december 15th tariff enactment date to those could be the companies that see market volatility and activity up or town depending on the progress of u.s.-china trade talks. we know these companies have been at the center of this for months if not years now. back to you. >> it's interesting, dom, because the list might have the most impact dollarwise in terms of business from the trade war but may be the best suited to navigate the trade war in terms of absorbing the costs or squeeze going down to the suppliers. >> that's a great point. and to that point at this stage apple has been good at navigating it. we have seen wal-martible a to do that better than others as well that's maybe not just solely for the u.s. china trade policy but also because of the execution on its own company specific initiatives. but a lot of the companies the larger they are you have to figure they have some way some means to shift resources, shif

of justice labor unions are marching in protest across france to keep pressure on president a 9 year micron of a plan pension reforms the strikes and demonstrations and now into the 24th day unions oppose the of all which would push the age of retirement to $64.00 and says the current system is unfair and too expensive that attack on a military base in iraq has people worried about more violence in a country engulfed in political crisis a u.s. contractor was killed when rockets were fired into the base near kirkuk on friday well those are the headlines the news continues here on al-jazeera after people and power. west africa is battling an opioid abuse trust medicine such as tramadol legally prescribed by doctors for pain relief but taken into life threatening texts by millions in search for the fakes already stripped off the trees and left to people in power has been to nigeria to investigate and of the drug smuggling traded fund abused the widespread corruption the follow system this traffic and the appalling health consequences for those in its grip.

country but also protecting turkey as well so why then yelling at micron why yelling at mccrum because mccrone is making a populous move and that was discrediting nato this is something that needs to be talked behind closed doors across a rookie president. he made this move to bring the spotlight on to himself if you make a rookie move like the way mccrum did you open yourself up to comments like an elder statesman like president once said called him brain dead you have a media savvy president like the u.s. president u.s. president dollar trump saying hey how about some isis fighters you want them i can send them back to your country and then you have sitting at a press conference looking very funny at the camera because he has no answer to this mystery international politics has always been a bar with hard core bargaining sometimes even blackmail but most of it i would agree is usually done behind closed doors but i would argue that present added on together with mr trump by the way is one of those leaders that has brought it out into the open he often makes connection between for exa

. >> micron. >> micron is too cheap i'm seeing unusual option activity in my brain on micron that's a dangerous place b b to be >> it's a great place to be. >> just mention the financials >> cheap >> up to six months ago, there was an 18 month period that every time we talked about the financials, like everybody's faces turned green because awful. so we want to go to where the puck is going. going to use that phrase where do we think we're going to be saying the same thing six months from now? energy >> no. >> he did yesterday. >> i'm the guy who was on slumber jay is moving up are you going to give me an aram ko thing >> to heck with that >> if you like apache, i'm leaving. >> he likes marathon >> why do we have to make this hrd. >> bigger picture here >> numbers are going up. >> fine. why not play it easy with the chevron, roifl dutch got these great dividend yields. >> because it sucks. i'm allowed to say that. >> the same thing b about citigroup, wells fargo, all the financials, up until six months ago a. i'm putting a stake in the ground those are fossil feels and a youpg man, th