Below expectations. Investors betting it will keep the fed on the sidelines a bit longer. Doc what do you do with this jobs report and day and what could or not happen in a few week sit is important what happens in a few weeks. Not important until today and what happens in a few weeks. Get more data, sales and that that could be something that could cause again, data point after data point after data parton rather than just a single point. You dont think theyre going in september . No. I think they should but signs theyre not going to go based on what youve seen in the past. A buyer of stocks . Buyers of stocks today. Well talk about them. Yeah a modest jobs report. Not the catalyst for something that drives the fed at all. If it would have been 200 it wouldnt have been either. What do you make of this year . The financials have been one of the trades to be on in hopes, thoughts, expectations, that rates were going to rise subpoena that trade derailed . It doesnt appear so. The reversal today tells you everything you need to know about what the buyers are really expecting, and the buyers, you know, this is this is an interesting day. The adults took over at some point midmorning. Say from 8 00 to 8 45, 8 50 it was children only. Oh, no, were off the table forever. Probably not, though. Number one, august has a tendency to miss. The most revised month of the calendar. Number two. And when the number comes in and needs revision upwards, that takes 25 years. Upward revisions 80 of the time. I dont think anybodys looking at this answer like its a final answer and doesnt derail anyones idea that the banks are cheap and at some point there will be higher rates. September, december, i really dont believe anyone really has a good handle on what raises the question how well the market is going to do in the months ahead. We spoke with Lee Cooperman the other day. Sat right on this set and it said the following about his expectations for stocks. Market is fairly but fully valued. Okay . Its i would not expect the market to do that much on the upside. We have to accept the reality that if Interest Rates belong where they are, thats a slowgrowth world, returns in equity lower than historically. I accept that fact. Do you agree with lee . I totally agree with lee. The question, where do you put your money . Bonds are not a good place to be. Stocks in this country still a place to be and a question of which ones . Whether devalue, wait for opportunities in stocks you know and like, like broeth stogrowth. But i think lee is exactly right. That means are you afraid to put money being very cautious. Jon . I consider it to be positive and bullish. A lot of things are going on that are positive. Indeed a rail. Right . Breaking out to new highs. A new central bank chief there. China numbers are getting better. Our numbers are good and getting better. I think atlanta fed is still above 3. 5 gdp. 3. 2, right . Came down. Came down from 3. 8. Positive signs. Going towards the election. Everybody is watching clinton and obviously trump, but the senates going to be the big determination how the market does, i think, going forward. I also think no matter who wins we have to ax cut. A huge stimulus. What the fed does, doesnt matter who touch. Stay 50 50. The big number to watch next week, the what if the fed goes in september . The fed moves, catch a lot of people offsides. Not now. Not after fischer. They have to telegraph it based on the numbers. Not only the jobs report and jon and josh pointing out just one number. Right. Had other numbers this week that hadnt so good. Ism survey yesterday, on a contractary mode. Thats not good. Factory orders today not good either. And to what youre saying about the atlanta fed report for looking forward. If you look backwards and gdp, the first two quarters have been terrible. So if the fed were to raise right now, it would surprise the market, and the thing weve been talking about, scott, a lot on this show about fed credibility, they have to telegraph it in the next two weeks and dont have the data to back it up. Literally were having this conversation. Sending right now saying lowers the probability for both september and a december rate hike. Absolutely right. Wall street is way offsides if its going to happen in a few weeks. The only other thing that could get both sides on the same side is if somehow the data now looking forward, john to your point. If the data looking forward starts to come in better than expected one cant ignore the trend over the last few weeks, punkish economic data. Steve liesman is here, watches the fed. Talks to the fed as much as anybody. What do they do with this number today . You know, i think it tends to lean them towards not hiking. The number was okay. It wasnt that weak a number relative to underlying terms. Wasnt what they were looking for. Right . I think sat with you said go maybe a couple times. Right . I think theyre okay with the number, scott. Yeah . Its within the margin of error. Go in september . Didnt stan fischer say that . He said its a possibility they go in september, if the data cooperates. What he said. I think this number is in line with hiking. Its on the edge. Asked me questioned, what that bottom number was. 150 was my bottom line number. Same as Lee Cooperman. Was that lees number . Yeah. We had a talk in the makeup room before i came on. I dont know if he took my number, i took his number, just saying we had a conversation. Its to come. A fed chair said the case for hiking rates has heightened pap possibility of one in september, maybe more than one this year. You use this term, scott, way off sides. Im investing for 10, 15, 20 years for my retirement. I, no matter what happens to the fed in september, if they raise a quarter point, my portfolio is not way offsides. If my portfolio is way offsides from a quarter point i need to find a new financial adviser. Sure ill get a couple messages here. A really screwed up portfolio to have, so sensitive to a quarter point rate hike in september that the entire tenyear horizon why arent bear stocks up today . Why are stocks up triple digits today. Because they like the idea the fed is not gawk to hike for now. Exactly. Let me ask you this question. This question why do we have protect ourselves so much from a market dip, because they go a quarter point in september versus december . Like what is is that going to change the world if we have a quarter point hike . I dont think anyone responsible in money thinks so. Yeah. If your portfolio fed funds futures have been unfazing lately. Havent moved at all. Wait. No. Since jackson hole, yes, but not since ism and showing you bae ining basica points and up five points for december. The market is kind of actually increased the odds that may be why the twoyear is kind of unshining in the day. Yield went down, came back up. I think josh said grownups took over . I think kind of said, hey people are coming out of the woodwork talking whether the fed will blackrock says december more likely. I go back if it happens saying september. My mom says says 55 chance in september. I think its 53 . But and so if they raise rates in a couple of weeks, how much does the stock market get hit . I think it gets hit not at all. Its attempt error. Studies show in the show its a positive, because theyre raising rates because the economy is strengthening. It would be positive for the market. And, judge, your point which is well taken, is, if were offsides, if the market is thinking the exact opposite of what happens on that second day when they make the announcement. Yeah. Then well see that 3 to 5 decline like that. We will see it. It will come back. But we will see that, and we always say, oh, it will come back, and this could have been and could be one of the times when it doesnt, depending what other things are out there. So, i mean, im not saying that that i think its going to go in september. I dont think theyre going to go until december and well see. Its less important. Do they go. Whats more important, what is the spread looking like . What happens with 2s and 10s is more important than a quarter basis point this month or in two months. I think whats more important is what happens to the economy. Do we have that 3 turnaround . The atlanta fed and cnbc wrapup looking for, 2. 8 , so you know. Another number, should have gone up today, actually, because trade was a little better than expected. If you told me i could trade a quarter point rate hike for 3 growth, ill take that trade any day, scott. So what sectors do you want to be in in an environment where the economy is clearly not firing on all cylinders as hatzius said and thinks the economy is good enough to possibly raise rates . How do you mold those together and do an Investment Strategy . Again, look at materials and industrials and Infrastructure Spending which is going to come no mat here is the president next year. So those are kind of a winwin either way. Right . The economy gets better. We have tax cuts. We have infrastructure. We put people to work. Those things are obviously very economically sensitive, as well as the banks. Jit somebody has to lend them the money and the banks are going to be the ones lending money to all of that construction and all of those Industries Getting or we continue to buy utilities and telecoms. No. Please. We know how that movies going to end and are waiting for act five of that drama. It doesnt end well, to be clear. One thing i differ on, the materials sector. I think if you get a fed that raises hike, puts pressure on the dollar, downward on commodity prices. I agree mostly. Cyclical, the value space, barb, a growth manager. Well be on the opposite side of this one, but value worked very well this year. When i talk about cyclicals im not just talking about the caterpillars or gms of the world. Old World Economy is a cyclical trade and works think of microsoft, Cisco Systems of the world. Lastly, before we let you go in my shoes, have a kid going into college on monday, you buy a highyield emerging market nearly bankrupt country and hope for the best. On the issue make this the last thing about the fed. But if the fed wanted to telegraph what it was going to do in september at jackson hole. Yeah. Didnt they fail . If people are still undecided on whats going to happen . A good question, scott. One of the things they did, try to get back optionality and flexibility. They didnt want and dont want the market to be offsides. I think what youre looking at, scott, a couple speeches next week. I believe rosengren and william both speaking. Listen to both of those guys carefully and waiting to get a finalist of speakers next week. Still have time to telegrapher and blackout period a week from tuesday and watch the data. Retail sales and cpi to help lead the way, on the cusp, the number could have gone either way. Didnt you say it would be better if we heard from yellen today rather than later . I dont want to treereact to every number. They want to set a basically where we were last week at this time . Remember, fischer said possibility in september, if data cooperates. Now we got have a debate. Is this cooperation or not . Quanti cooperative or not . Last thing. I want to move. Any time theyre close to a big level in the market they flowed tightening out there. When they dont, almost like an e. A credibility issue. One thing in the column of possibly raising rates. Oh, that one again. Steve, thanks. Heres what else is coming up on the Halftime Report announcer if youre long lulu, the trade isnt working out for you today. In fact, its been a tough month. One top retail analyst is telling investors to buy the dip. Shell make her case, next. Also ahead, the Hillary Clinton health care trade. A new proposal today designed to blunt drug price hikes. Is the sector about to be socialized . The Halftime Report with scott wapner is coming right back. Now that t makes it eier et here, the neigorod is rlly chging. Im ysoppi on the trn,nning alon i have to gowherever the w is rlly chging. Trains with vative help keep cities ming, neighbooo and businesses can proer i can bo 3 ogigs on a good end. Im sid foree. Takes ingty tmaket in the big. Expece brehtakingxurformanceee. Get great offefe at the xus golden opportu sales event. Geupo 5,000 ctomesh on sel2016 models. Ends seper 5th. Seyour lexus dealer. Molityveryportant toe. Thas whi u tre mobile. And it keeps minveststnts fumobi. Evenhenm on the mov sign up at etrade. Com and get up to x ndars. This is the new comfort food. And it starts with foster farms simply raised chicken. California grown with no antibiotics ever. Lets get comfortable with our food again. All right. Welcome back to the Halftime Report. Lululemon you look at it. Under big time pressure today down 9 after reporting weak quarterly guidance, but tells the advisory group, says to stick with the stock. Reiterates outperform today. Says buy on the weakness. Dana is live with us for our call of the day. Welcome back. Thank you for having me, scott. So the stocks getting hammered today. I look at a stock up 30plus percent year date and i look at their guidance, and i say, why even put myself into that kind of risk for a stock that has done so well . Why not wait . So i think overall this is a buying opportunity for the name. I think when you take a look, yes, the comps are up 5 . Look under the hood a little bit, because last year you had a Warehouse Sale event that generated 6. 6 million dollars. Kind of normalize, 7 . That was a good comp. They guided to midgel guidance comps. Always conservative on guidance. Walk the stores. When i see goods being sold at full price, theres traffic in the stores, for the First Time Since the First Quarter of 2014, gross margin is up. Inventories are down. I think this is the opportunity. Growth names that have been impacted, if you believe in the sustained momentum of the business, i like them and i like lulu. I hear you. Fundamentally, you make all good points. I just go a stock move of 30 and say, gosh, how much better can it really get . I think keep in mind you have many new Stores Coming into the comp face. The bottoms which has been a good category, has been up double digits, improving tops and starting to see good sales growth in the tops category that has a decent margin. Look at their website, also its been updated along with the fact theyre brusiness trends overseas, from that, too. I like the category. Yes, more competitive, but to be able to be a share gainer in a category, thats tough to do, and i see lulu doing that. Dana, josh brown. So its a midsingle digits comp, which is pretty good. Especially versus many of its peers. And i think one of the issues is its up against an 11 comp in the prior period. So then the question becomes, well, then, does midsingle digits go to lowsingle digits or can we see reexceleration itself . What drives that . The comp compares are 9 in the third, 11 in the fourth quarter. The base is those digits. What drives acceleration . About the tops business and a new introduction of new fabric bottoms coming in the fall selling season that is tested very well. Ive got bottoms. Ive got top. I have the updatened and upgraded website thats out there, and i have a category thats still rocking and rolling. I think thats what basically makes it get some comp acceleration. Dana, appreciate you getting in front of the camara for us. See you soon i know. Have a good candidate. I bought it today. Yeah. Shorted yesterday. Into the bell, though, yesterday, because of unusual put activity. They bought puts from the 75 strike down through the 70 strike. Whether it was protection or not, a lot of people wanted it, and so i jumped on those. Covered it at 69 last night. Got in on the long side today. Bought a couple hundred and im with dana on this. You look at stock went from 80 in 2013 to 30, and into the 30s, anyway. Not 30, but 35. Back up towards 80. Its a recovery. So in other words, when you asked her about the, you know, the 30 move and is there room for more . Its a recovery. Its not like the stock was on a burn 30 . I think a decent entry. The recovery has gotten a little ahead of itself. I dont know. Based on the numbers i dont think it did. The stock had a rising 50day all summer, served as reliable support. Each time it pulled back on the way up was where you bought. Today it snapped that. Maybe give it a day or so. Fine to support in the high 60s, which was resistance back in 2015. Had a lot of trouble getting above. If it can hold high 60s, low 70s, its a pretty lowrisk entry for investors. Still choose a nike over a lulu . Its not either or. I agree. A great buy and opportunity for the stock. I think the miscounts 5 , run up 80 since last november, up 54 year to date, this is a normal reaction but i think theyre in a mitts ofdst of recovery. Nike is a very different ball of wax and nike is under a little pressure. Fairly valued at the moment, but this is a 30year story of great brand management. Great product innovation. Looks like under armour and adidas are taking a little share in the u. S. Something that has to be watched closely. You dont own under armour . I dont. You do own nike. I own nike and will continue to own nike, because theres a little bit of a step here in the u. S. , a stutter step. Huge international growth, a history of superb execution and coming back from this sort of thing. Its not something i might not buy today but its something for a core holding. Yeah. I was surprised how much under armour is down here, judge. Looking at it today under 39. I know planks a friend of the show and a great guy, great manager. Visionary. But this stock looks way too cheap, too. Registered those 2 million shares hes going to put on a regular rotation. As they do. Not dumping it all at once. But this stock at the 52week lows under armour, just looks cheap. Look more attractive than nike today . Nikes an underperformer year to date, too. To me it does at this level. I liked the things barb said about nike. Take a look at under armour now. Barb, on nike, something ive owned in the past, would like to own again. Price sensitive. Should have bought it after last earnings report. Yeah, i think i just heard you say you would buy more but not here. Is there a price you would buy at . I want to give a little more visibility whats going on with under armour and happening in the u. S. That i dont have right now. Not price specific . Data specific . Really are they, mouhow much share are they losing . How will that continue . Given their past, theyll fix it, i dont know the time frame. Ened talk consumer based stocks. Ones that have been in the news and sort of trials and trick lations as well. Chipotle you own. A in position or have you just been riding it . I bought it back when all this happened. When you see a stock go from 750 to 400, its usually overdone. Sometimes not. This is interesting. Everybody know the chipotle story, what happened, e. Coli outbreaks in late fall, early fall. Look at other past restaurants who have been through this. Who can forget the taco bell rat video of some ten years ago. All of these companies recovered. The question is, when . Typically in 18 months but depends. Its specific to this. In this, chipotle, the question is, brand. Because they are known for fresh produce, and this really hurt. And things are not coming back as quickly as they might have, but the stock is back down to around 400. When you saw it happen in january, the stock was 400 and they reported some good news and stock ran up 25 , 30 in a nanosecond. Thats what could happen here. If the stock recovers more, probably next years story. Depends the time frame. I think could be rewarded, i dont know when. Anybody else . My question, i agree with you that historically these companies recover but i think the difference is, they dont go from being 70 times earnings to 30 and recover. They really get washed out valuation wise. In some cases selling for basically book value. Thats not the case here. Has it gotten cheap enough to account for the fact that the recovery while its possible is slow to come . No. I think its an excellent question and also because of all of the money that are having to spend, rightly focusing on driving traffic back in. Right now doesnt want margins spelleding to get back what they had. They are. Not because their redoing operations. Making sure it doesnt happen again. It happens again, forget it. I am gone. You know . But they just its a question of what they can get back to where they are kbrop know if the pe ever will get back. Cant get their reputation back, critical, its not going to be there. At this price, its all in the stock. The worst thing is dead money. All right. Shares where are we going here . Okay. Shares of barclays on a tear up 18 in a month, and gopro supplier falling despite an earnings beat. Both trades are next in the blitz. Mt celeated wor hamlet. I but, alas, poor sarahs hoaga ancatchihi up on sociamedi instea scussion notcool. Remedialreading. Oktheregoesyoura. Welcome back to the Halftime Report. Shares down almost 4 in this point in the trading day on a report from blockberg saying the company may have misclassified its epipen product under certainly medicaid guidelines. Its causing going saying that medicaid perhaps grossly overpaid for epipens. Another angle to the epipen story of mylan. A recent down trend, shares down by 4 in trade be so far. Well explore, making phone calls and see if we can bring you more detail as the afternoon progresses. Back to you. Thanks, dom. Stocks down 4 on the day that Hillary Clinton lays out her sort of drug pricing plan. What shes going to do about companies she thinks have unfairly raised prices in exorbitant amount. Imagine if they get the senate . Democrats take over the senate . Thats the key thing. They do take over the senate, definitely price controls, and i dont think its a surprise anybodys over paying for anything. Medicaid. Probably overpaying for a lot of things. Epipens might be one. If this mylan breaks 40, watch out. And mylan on the desk, anybody . Important not to say everything is mylan in the space, though. Its highly reliant on the epipen product or the comp the executives are tied to growth and that had a lot to do with why one of those companies out of what could be a handful that are on the hit list, so to speak, of politicians should right, but again, the other means, in the sector, are not as highly reliant necessarily on one product. Mylan is fairly unique in terms of the large Drug Companies. Get right to the next story, because its fitting to what were talking about here. Lets bring in chris raymond, with raymond james. He initiates coverage on another company today. It is abvi and with an outperform. Chris, are you there . Yes, im here. I know you dont cover mylan. I wont ask spacekly about that. I wonder how you can initiate coverage on any stock in this universe right now with such a positive rating, especially one like abvi, you could say have one of those drugs that is in the cross hairs of politicians. That being hue maymira, raised price significantly. Yeah. I think what we have to do is take a step back here and separate some of the headlines from whats actually in the intent, and actually if you read secretary clintons own language, she draw as distinction between innovative life saving biotherapeutics and older therapies on the market for years with no real value add. Most in this deep are aware theres a pretty big distinction. Think about humira, yeah, theyve had price increases. Since the drugs been on the market expanded indications from one to i think now ten in the u. S. And 14 outside of the united states, and some of those being pediatric indications. Some rare indications, and also brought to bear a number of key improvements including formulations that make it an easier therapy for patients to take. So theres clearly more value thats being provided with products like this. And i hear you, but what happens if mrs. Clinton at some point during the remainder of this race mentions mylan, mentions valeant, and lumps in advi in the conversation . What do you think the stocks going to do . I have a good idea what i think its going to do. I think youll see folk whose may be generalists and others who arent necessarily, a transient hit to the stock for sure. But, again, you know, one of the aspects we like about abbot out abbott, humiras growth. It grew 26 year on year, about 6 , 7 , 8 of that was price. It remains volume driven. One of the things we like. What as m a prospects . For advi . Show an about tight for. One of the things we like about the stock and company, theyve taken profits and benefit from humira and driven it sbook the pipeline. These guys have 11 phase three assets with data readouts in coming quarters that can be stock moving. So is there an appetite for more . I think there is. Have they actually done a good job backfilling their pipe line with acquisitions . I think they have. One of the things we like about them. Appreciate the time. Chris raymond from raymond james. Thanks, guys. Thoughts . The thought i had, look at abbvie. Put the two Companies Back together with constituent share prices now. There hasnt been much value created from splitting up the company and makes you wonder, you asked about m a, scott. The Financial Engineering ideas, pfizer looking at a splitup, between innovative and established products as an example, maybe this doesnt matter. Maybe some of the parts is actually reflected in the share prices when you look at these companies today. Josh, your thoughts on the space . I dont really believe that there how markets work . Look i dont think theres a huge risk here of anything really happening. We have a pretty good sense of the clintons penchant for saying one thing and then placating the donors and support system behind the scenes. Very, very unlikely based on almost everyone you read that knows the space and the interception between politics and drug pricing. Very unlikely that theres any kind of massive hatchet taken to the industry. So if you are an investor way longterm point of view you like the drugs, the management of these companies, pray for these kind of headlines and the opportunities it creates. I agrees you should pray for these headlines. Nothing worse than boring, scott. I mean, because ill take boring. This creates opportunities pup dont get opportunities created when everybody thinks the same thing and the stock is meandering along. When you have Something Like mrs. Clinton out there making these statements and causes a stock to react negatively or positively, gives you a chance to sell or buy and youre getting that chance again now. And the problem is, the possibility, barb, once the debates start, the literal debates on tv, you have the chance that these candidates are going to be asked about this issue, and if one of these names is mentioned, the stocks are going to take a hit the next day. They will, and i think thats your point. The perception versus reality. Of course. The question, whether you buy now or wait. I think also reevaluation thats been going on since hillarys tweet heard around the world that crushed the biotechs and a lot of phrma stocks. Which are least immune, if something happens. Democrats could win the senate. Something could happen in terms of reining in pricing. Its not unlikely, i think. The question is then look at names like allergan or the ones that havent relied on pricing increases. I think theyll starting to a differentiation in the pes. Go ahead. I think one area that might be immune to this, scott, just for the record, i dont think this is anything other than noise. We have this every president ial cycle and this is the time people start to again inured to it, heard it for months. Becomes less relevant, but if worried about that one area to focus on is oncology. The American People still want cancer collusions and they will pay for them. So will insurers. So will medicaid. I might look at a bristolmyers as an example of the stock that recently took a hit on news regarding one of its immunology, oncologist drugs, a transient event. A very good drug. Thats one you should look at. All right. Meg tirrell is on the phone. Here at 30 rock. I dont know if you can actually see me. Appall jies. Good to see you and you have on the show. Give us your sort of thoughts on these new developments represented to mylan and what else you know . Yes, scott. Dom hit earlier the stock moving lower on reports that lawmakers were probing this misclassification of epipen under medicaid rules. Now, we are finding out this is a letter from u. S. Senator Amy Klobuchar who posted this last night on her website. Essentially saying shes troubled by mylans misclassification of epipen as a generic drug. This misclass fiction will cost her state of minnesota more than 4 million in overpayment this year alone essentially calling it were calling it generic, introduced their own authorized generic saying that an investigation into this yielded this idea its misclassified. We did reach out to mylan on this and they sent a statement saying that theyve complied with all laws and regulations regarding the medicaid rebate classification. Saying there is some change to the rules happening and they will seek to reapply under new rules. So mylan down about 4. 4 on this. Amy klobuchar is joining power lunch at 1 10. Stick around to hear more on that. As we said on the same day mrs. Clinton is rolling out her drug pricing thoughts today, or more of them. I thought it was interesting earlier when you ran through some companies that really need to be focused on more than any other. Whether its the mylan were talking about now. Theres value yaneant, abbvie, analyst with an outperform, despite the fact that its back and forth into the Public Domain by people as it relates to this issue. Yeah. A lot of people like to put Drug Companies obviously into two camps. I heard a little of the beginning of the interview with mr. Raymond. Companies doing generic drugs arent bringing new important products to market and putting them in two camps. There are other people in the industry analysts, investors, who say that the drug pricing increases on innovative drugs like you see from abbvie, and multiple sclerosis companies, all their drugs, though theres lots of competition, all starting to come under a lot of s scrutiny, especially if this new thing Hillary Clinton is proposing, calling these price controls. Give a mouth a kcookie, start small, gets bigger and bigger and bigger. Thanks, meg. More hrt. Narrator Halftime Report in a minute. Stocks on the move. Back after this. a very scific mont, e un wio we have to be very precise ifere not ready whethe planets are peectly aligd,d, we neereally tig we hatemperaturcontrols. Se engineering, aerodynamics a split cond lon ulmean scrapng it l d starting over. A split cond lon opulsion, Structural AnalysisMaple Bourbon caramel. Thats what were working rig now. Om design throh oduction, siementechnology helps manufacturers meet critical deadlines. Think thisll be our ggest flavor y. Welcome back to the Halftime Report. Heres whats happening at this hour. An explosion at a market in the hometown of philippine president killing and wounding. Safe and as a Police Station after the explosion. Florida governor rick scott says many homes lost electricity and hermine crossed the state. Especially the tallahassee area. One man died when a tree fell on him. And launching a bid for independence saying the best for scotlands future. Prompted by britain the vote to leave the european union. He blasted the party as reckless and irresponsible. Starting on saturday, one seat set aside at ohio state Football Games as a special p. O. W. m. I. A. Chair to honor the sacrifices of those who served in the military but have yet to return home pap student came up with the idea a few years ago. Thats the cnbc news yupdat at this hour. More Halftime Report in a few minutes. Announcer Halftime Report with scott wapner is the place for marketmoving interviews. You dont call a company a sewer because the company made a mistake. Announcer real money we are short both tesla and solar city. Announcer real debates. People think that globalization has hurt businesses. Its not. It is technology thats hurt businesses. Competition is a good thing. I dont want to go back to a single marketplace. Announcer the most profitable hour of the trading day. I love this show all i do is get to tweet about this show im on the show. This is the greatest moment of my life announcer the Halftime Report. Weekdays at noon eastern. Using 60,000 points i bought all the fru. Veies. And herbs needed to create a popupickyrr in the middle of the city, so n erye kns. We havsome of the freshest ice in tow see what the power of pointscs n mo achase. Coin all right. Welcome back to the Halftime Report. Silver surging more than 2 following todays jobs report. Bertha coombs at the nymex with the futures traders. Thanks, scott. Definitely shining brightest in the metals complex today. Why silver so much . Looks on pace to break a fourweek losing streak. This is really interesting to me, because when the number first printed today we all thought it was too weak for them to tighten. Now the dollars reversed course. Dollar is high perp Interest Rates products saying just as likely to tighten as before the number. Silver and gold stayed good. Silver outperforming something to do with breaking through levels. Trades through 19. 5, could head back up to 21. Putting it above its 50day moving average. Jeff, do you like gold better than silver here . Worry about resistance . No, bertha. I like silver here. Silver you know is the higher bid, hotter way to trade precious metal. My sidekick brings up a good point. Recalibrated off that anemic number and now are back to where they are. In our mind, we see a hike or not a hike, these Precious Metals specifically silver is poised to go higher. You guys are good, but so much better together. Have a great weekend, guys. Thanks for that. You, too. Of course, you can always catch the guys and all the others on futures now now futuresnow cnbc. Com. Scott, back to you. Have Great Holiday weekend. You do the same. Up next, biggest movers. Heres a look at markets right now. Theyre off todays highest levels. It is a positive day on this friday before a Holiday Weekend on wall street. Hey gary, what aryou doing . Oh heyn, im nnecti our brains hey ga we can share our amazing aryou doing . Ats a great idea, but why dont you justo to thinkorswimchat rms where you can arsttegies,ideas,s with market profesals and to sands of otherrars . Rms i kn. Urrain told my brain before you told my face. Mm blueberry . Taply at td ameade. Other trers onhinkorswim. Mappine ocea where elo. Protecting biodiversy. Everywheree. Protdefeating malariy. Improvg ergy efficncy. Develo moremy job . Burning nat. Tureducing eney porty inhe developing world. Meling the glal ecomy. And you t wde the. Energy lives here. Hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. All right. Its time now for the trader blitz. First up, the gap. Reporting a larger than expected drop. It feels like its been a long, long time since we had something positive to say about gap stores. Adding to the news is a warehouse fire they had in upstate new york yesterday. Going to hurt shipments. This stock seems a little like the Charlie Brown of retail. I would stay away from it right now. Broad kom is lower. Yes, i do. Its a good buying opportunity. The stock had a big run up into opportunities. Earnings Beat Estimates and management raised guidance. Big play on mobile computing. Smartphone a component chip a year ahead of everybody else. I think nay have a lot more to go. Smith and wesson falling. Yes, got all the way down to 21. Made a surge to 30 and sat there and josh could fell us about when you do a double or triple top at a level what might happen, but sales were tremendous. The question is even though the guidance is very positive, can they maintain that . Obviously investors are betting they cant. I might have said that. Yes, ambarella is okay. Not a name im involved with. They reported a good quarter. Have a challenge because some of the wearable camera stuff is not selling like it used to. They have high hope es. The stock is okay here. My favorite is invideoia. If you do want to buy it, maybe use the rising 20 day where you take that risk off the table. Seems to have arrested with the client here. Maybe this is all youre going to see on the way down. I would use that level to make my decision. Okay. Barclays on a tear today. Up 18 . Do you own it . I own the option 2018. Working well. The stock went down to five. 250 down in 2009. Market cap down to 40 billion. You look at Morgan Stanley at 60 billion. They were unfairly punished during brexit. Its a buy. One story coming next week. Apple holds a key event wednesday. Get do you trade. Theres the stock. Well get you the trade ahead of the big event and well do it next. Were good. What if Million People downloadhe new a . Were good. Five mlion . What if Million People downloadhe new a . Good. We scale odend hybrid frastrucreboom. What30 millionpele dowoad t . Were not good. Wetotal. Scand with the nber e compan cudraructett packar enrpri welcome back. Want to do some unusual activity before we run for the weekend. You see some tonight in bristol mires. I applaud reasons stocks to get overbought or oversold. This one is oversold. Slams all the way toward 52 week low on hillary chatter and perhaps other things. I bought calls today. The september 56, october 57 people were betting. This is not volume, but keep in mind friday ahead of labor day. Enough to get me involved when theyre 1. 38. You got a good shot on this one. Maybe next week on a pop you sell a higher strike against me. Speaking of next week. Yap apple. Big event. What are we expecting. I think expecting good news. Samsung helps them unbelievably, the fact theres a recall on the battery. Still needs to get through 110. Went up to 108, 109. The defense is going to be a good one. The most controversial thing about the coming apple announcement will be thele head phone jack. The tech bloggers say its a slam dunk. Steve leaseman has breaking news. Reporter the current outlook for the fed suggests rates should be higher. Double is population growth. Inflation suggests also rate should be higher. And that were moving back fords the feds 2 inflation target. Known hawk. Looks at the numbers. Takes a look at rules that should be governing fed policy. Interesting. Well see what the stock market does now that mr. Lacquer has spoken. Who has a shaugt on this. I change my mind about everything. I think everybody is trying to get their last piece in before the blackout period. Like steve said, they can no longer speak. I dont know if this hurt or helps the overall process. You had janet yellen with prepared remarks. Steve fischer come on cnbc. And now its going to be notice filled yet again with people coming out on the fed and making these kinds of points, and yet you dont know really then how it muddies the water. Lacquer loses credibility with this one basically because theres nothing that justifies him coming out and saying that. Oh its double what the population growth. Come on. Thats crap. You have to know who your speakers are. Weve been talking about Stanley Fischer and his hawkish statements. Its a lot like last summer when he was hawkish around a fed rate hike. We didnt do it in september. Waited until december. We raised the credibility question. Lacquer comes out and says okay, justifies it. Thats where we are. Now if they dont go in september people are going to be raising the same old question. Has the fed lost his credit. Do you have the stomach for this. Were back to data dependency. If the data is there, theyre going to do it. We go back to nonmanufacturing, services, thats what this economy is. Look at manufacturing data. And rob kaplan said that on your show. Good having you here. Thanks so much. See you again soon. Barbara dujoining us today. Does it for us. Heres whats on your power menu. The new war on drug. Hillary clinton out with a plan to try to rain in drug prices. Do we really need another Government Agency . The details of debate straight ahead. With a blah august jobs report, is the fed on hold . Maybe not as some still see a september rate hike coming. Just heard those comments from l lacker. Its anything, but a payday. A stock sinking like a rock. Power lunch begins right now