Demeaning process. And very demeaning on the other side. And they want to make you look as bad as possible. And of course the press can be very demeaning, too. But im sure the press will be very dignified in this case. Thats the word. I think hes a very dignified man. Id like to see him go through a dignified process. I think he deserves that. Hopefully it will go quickly. And well see what happens. So what we might do is just that, we might ask for the folks in the room just to give yourself a quick, your name and a little introduction. And, wayne, i would say they know you, perhaps they know you better than they know me. I doubt that. Wayne, national association. Nance, ceo and president of concerned women for america. Im sharmane yosta with american havevalues. Thank you, mr. President , for this nomination. Thank you. Great job. Thank you. Tom with the u. S. Chamber of congress. Congratulation on a fantastic nomination. Thank you very much. Norquist, americans for tax reform and thank you for the election. Do a good job for you. Leonard, federal [ inaudible ] david eustein, life. Thank you for a quick, excellent nomination. Thank you. Thank you. Paula white, chairman of the evangelical adviser counsel. Thank you. Thank you for the help during the campaign. So with that ill ask you to thank you. No question, mr. President . No. As you pointed out last night, confirmed yunanimous s you pointed out last night confirmed unanimous voice of 2006. Now a number of democrats say theyre going to oppose you. What would you say to those democrats and would you encourage senator mcconnell who vote the Nuclear Option if he feels he cant get 60 votes . I think theres a certain dishonesty if they go against their vote from not very long ago and he did get a yunanimous endorsement. You cant do better frommen educational, from experience, from any standpoint. A great judge. He will be a great justice. So, no, i feel that its very dishonest if they go back on that. And, yes, if we end up with the same gridlock that theyve had in washington for the last longer than eight years, in all fairness to president obama, a lot longer than eight years. If we end up with that gridlock i would say if you can, mitch, go nuclear. Because that would be an absolute shame if a man of this quality was caught up in the web. I would say its up to mitch. But i would sago for it. Thank you. Thank you. Thank you. That of course the president of the United States donald trump meeting with groups in support of his nomination for the Supreme Court, neil gorsuch. The president saying he is a dignified man who sde serves a dignified process, elegant process was the words that the president used as well. Called mr. Gorsuch a good student, of great intellect. Theres word the hearings could start the confirmations formally could begin in about six weeks. Again, the president surrounded by a group of supporters of his nomination to replace on the Supreme Court antonin scalia. Lets listen now to the senate floor where senator Mitch Mcconnell is speaking. Judge gorsuch didnt just clerk for one Supreme Court justice, he clerked for two. They were justices nominated by president s of different political parties. Anthony kennedy, a reagan appointee, and byron white, who was nominated by jfk. Judge gorsuch received a unanimously well qualified rating by the American Bar Association when he was nominated to his current position on the court of appeals. He was confirmed without any votes in opposition. Thats right. Madam president , not a single democrat opposed judge gorsuch as confirmation. Not senator barack obama, not senator hillary clinton, not senators joe biden or ted kennedy. In fact, not a single one of the democrats who still serve with husband opposed him including a Ranking Member of the judiciary committee, senator feinstein were going to continue to monitor that. Senator Mitch Mcconnell on the senate floor as the debate clearly has begun over the president s choice of neil gorsuch for the Supreme Court to replace antonin scalias seat. Of course, Justice Scalia passing away, creating the opening there and the president s nomination of neil gorsuch will be a hotly conte contested one. Fiercely debated in the hearings that could begin in about six weeks time. I want to welcome all of you to the Halftime Report. Im scott wapner. Our top trade in terms of the market today is apple but it is sort of impossible to ignore the events that are taking place over the last 24 lohours. Certainly the many days in the nations capital. Apple for its part had a strong quarter. The stock is trading at its highest level in more than a year. We wonder whether its too late to get in or not but, you know, its sort of impossible to do a segue off of that to straight up apple. Since i have kevin oleary and the crew here with me, carrie fire seen, jon najarian, josh brown. A comment, kevin, if you would what youve witnessed taking place in the last several days in the context of the rally where earnings for us remain front and center and apple is clearly the lead story today but as we have one eye on apple and the stock market we have no choice but to have one on 1600 pennsylvania avenue as well. So im going to take a swipe at this from the context of the tech sector. We started with apple. Lets not talk about a the stock. Be lets talk about coders and technology gists working here in the u. S. That are from those seven countries on the list. A little politics here and then talk about earnings as a result of that. Many of them are green cards. Some of them in their second, seven years, second cycle. They cant go home anymore, they cant leave. They dont know their status. These are seasoned professionals. And mexico and canada are talking about setting up coding Technology Centers because they dont have country lists, to move new coders, new technologists into americanowned facilities in the canadian jurisdiction, ward waterloo, calgary, same near mexico city. To allow those people that, you know, this list of countries and then the next list because the president has promised to start scrutinizing these lists. This is going to be very interesting because its a different way of thinking about risk of your employee turnover. Thats what im looking at. Some suggestion that maybe apple would be one of the companys joining some of the others in the lawsuit over this travel ban policy. But if you look at the quarter itself that apple delivered, we were just showing something that said the best quarter ever for services, the stock is at its highest level, carrie, in a year and a half. Its up 6 today. Weve been debating the issue almost every day leading up to this report as to whether the best days are behind apple. Whether it was too late to get in. Whether you should bait for a pullback. If you were waiting for a pullback you missed your chance today. I dont think its too late. We own apple and we like it. Remember, there have been several disappointing quarters in a row at apple and so expectations were extremely m mode modest. No one thought the revenues would be up 5 and the 5 the shipments of the iphone were up earnings beat, revs beat, iphones beat. Most importantly to me is that the asp on that phone has gone up. Its 695. And one would have thought that to sell as many as they do there would be price pressure and there just hasnt been. If pete was here, doc, he would be saying hi lighting what tim cook he would be highlighting what tim cook said. Quest bauer ever for services. Looking at that as a key area of future growth, though the present looks pretty darn good, too. Yeah. Present looks phenomenal for apple. Apple is really hitting it hard. Pete has been a longtime believer. Im a guy who gets in and out, stick and move, stick and move. More like a boxer. Petes just been, you know, carrying this thing for three, four, five years just holding on to it. You bought calls going into the print. I bought calls into the print because they were buying the 121 calls yesterday. Aggressively. So just out of the money calls, and they were buying them in big numbers late in the day. So i bought back in, too, along with pete. The previous quarter, judge, the number after basically a match on revenue and earnings, the stock fell 4 in over the next week fell another 10, over the next two weeks, rather, to 10. 104. They werent pricing in much of a move yesterday. 3. 6 or Something Like that. Weve almost doubled that on the move so far here today. So i told the folks that i thought they werent bricing in properly, the potential that pete talks about all the time. Services could be as well as iphone sales because of the samsung missteps. Theyre tripling their 30day average volume today. Lets talk about services number. The premise about why you would buy apple long is that the margins on services are through the roof. It grew 18 . They printed over 7 billion. That tells me in this calendar year were going to see a tenski, 10 billion in services. Thats why you own this stock. Josh said it the other day a few times. I remember. Bullish. Ill just pick up where youre leaving off. Tony sacconaghsacconaghi, top r analyst on this stock, i dont know if he would say you own it because of the services. You still own it and i think they put up the reason why you own it. You still own it for the phone. I maxed out of 5 of my portfolio. I had to sell apple because its getting too big. Dont you still own it for the phone . Look, i think the phone is just a platform. I love the aspb over 600 bucks, i like that. These Services Margins are so succulent, so tasty, so rich this is a new story for apple that we were only six months ago saying poopoo this stock. Consumer electronics is going into the toilet. Not so. You were one of them. You dumped it for microsoft. I came back in because i know when i made a mistake. 5 waiting in this thing because their numbers are showing fantastic growth. By the way, the istore, you know, the app store up 40 . Thats an old story. Contrition from the shark today. Like it. You know, i have to tell the truth. When its working its working. Josh . Yeah, no, just like for the last six months im listening to people say were cutting this to a neutral. Its 118, it should be 112. Im saying to myself this is now a company that has 246 billion in cash. This is historic. There is never been a business in World History that has had the financial wherewithal that apple has. People talk about, what are they going to do about, you know, the next user interface is going to be voice and are they going to be there and what about the car, what about tv . Apple literally could do whatever its wants. Weiss was dumping all over this thing the other day. Yeah. So this was, right . No innovation. Right, sure. So you this is an actual stat. They did 10,000 of revenue every second over the last quarter. So anyone can say whatever they want. Youve got buffett buying this stock for the first time ever. Youve got Dividend Increase with all this cash . Buffetts peeps are buying it. Berkshire. Look, at the end of the day there is no other company like this. Im not going to say its going to grow the way it did in 2010, 2011, 2012, however its up 116 over the last five years. So all the people saying its too big, its best days behind it, not yet. Not yet. 130 bucks. Its going to knock it 130. You say its not too late. No, it isnt. To buy this stock. Its a cheap multiple stock. Under 14 times earnings. Sells at a nice discount to the market. Theyre a leel beneficiary of changes and regulation and repatriation of dollars. I think you can make a chase the stock goes up 20 this year easily. About 20 . You buy that one . You agree with that . Well, i would not i would not buy carry or apple. Now that theyve got kevin back on, too. Wait a minute. So so people are skeptical, right. Now they put up a print and everybody is like, oh, come on. No, none of us here on the desk were short it though, right . I mean, when you say, well, you didnt believe in it. True. I mean, you know, as they say about breakfast, judge, the chicken makes a contribution, the pig makes a commitment. Well, youre commit fed youre long the stock. So, pete was committed. Long the stock. And i got in late. And some of you jumped karens been in for a long time. What i saw was a phenomenal quarter. I dont see a reason to be short the stock. I know a lot of people on twitter come at me today and say i got to sell it here. Fine, profits. But i dont hear anybody say i want to be short . If this name is run past your hurdle and 5 anyone naming a portfolio is foolish. Youve already sold 3 of your waiting in the last two weeks which ive done. It makes me cry to sell a winner but i so like it when the thing corrects that sooif taken some off the table. Thats why im a disciplined investor. I think a div increase is in the future. 264 billion, i would say youre right. Stock story of the day, no doubt. Up nearly 6 . Again, the best level for apple in about a year and a half. Thanks in part to apple, tech has been the trade of the year so far. You notice that . The nasdaq is up 5 year to date. Thats more than double the output of the s p 500. Being these are not quotes, unquote, trump trade like, you know, these are these have nothing to do with trump trade. Some do in terms of repatriation. You can make that story about anything though. These are not part of the preferred industries that people were talking about. Nasdaq 100, 6 gain year to date. Nasdaq itself, 5. S p is up 2. Dow, 1. Russells flat. There are a lot of, you know, somewhat more obscure leaders out of the nasdaq 100. Not that these are obscure companies. But its not like were talking about apple and some of the others leading the charge. Thats kind of the point im making here. But what do you do with tech . Look at the leaders. There are some quite stories out there. I was talking before the show with jon about nvidia which has been a favorite of the show for about 100 now. And amd, in all the same businesses. Chip, virtual reality, driveless car, et cetera. That is the hottest stock of the day. Its up 14 . That stock was in the wilderness for a decade. Forever. Forever. Now it talks cars and now its sizzling hot. Fang, year to date. Were going to talk about facebook with mahaney in a minute. Up 14 . Amazon is ten. Netflix is up 14. Fangs are back. These stocks were all down in the Fourth Quarter. Theres just been a shift back to the norm to some extent. We had the financials and the Energy Stocks on fire in the Fourth Quarter and they are two groups that have lagged. Energy is down almost 4 . Weve reverted to the mean. And youre buying growth. When you buy the stocks that were talking about on the tech side. That just makes sense in an environment where the president says he wants more growth. These are the guys who are going to give it to him. Amd is up 7 today. Thats joshs point with the chip, judge, is that and he made a fabulous call, give me friend credit for it. Because he made a fabulous call on nvidia last year. He made that call. Yep. This one, amd, i was pulling up, weve had unusual activity almost every day in the month of january for this name. Now, in particular i said 7 . Its up almost 14 . Its going nuts right now. 450 year over year. This name in the past two weeks has traded the whole months worth of volume each of the past two weeks. So, i mean, theres so much interest in this name getting into it. Thats why on a day like today when it explodes to the upside, and again, i didnt call this one. Josh did. But this is extremely bullish for that stock. Disclosure, im long the name for the few weeks now. The thing with amd is they did the secondary. They did it in september. Stock had a runup. Strike while the iron is hot. They did it. New ceo. This is not a pc chip company anymore. This is now a company thats selling to alibaba, selling the google. This is whole new ball game for this stock. To kevins point, left for dead for almost ten years. Priced for bankruptcy as recently as last year. Whole new story now, the people waking up to. How come they can do the transition to this new vision including cars which is the hot sector and intel is still considered a pc chip company . How is that possible . Why cant they completely chameleonize themselves for more . Its the same story. You know, its not it doesnt have the innovation around new markets like car and all of these other platforms that amd, which was a dog that howled at hell for so long lets not look. You have to go after this on intel. 19 in a year is not much to sneeze at on intel. Its not getting part of whats happening with amd is pe expansion. The future is bright and the chip is going to be in every single hardware platform around. You cant really say that about intel. Im not complaining but whats the next story. Why arent they in other stuff other than just cloud . Critical tech earnings could very well decide whether the sector continues to run. Facebook and amazon both on tap to deliver their results. With a look at what to expect, mark mahaney with cnbc. Welcome back. Scott. Fangs are back, yeah . Yeah, it looks like it. We did as somebody commented, they ended up correcting the december quarter so weve had a nice rally back. And we think the fundamental results that they print, you know, facebook tonight and amazon tomorrow night and netflix a week and a half ago they will justify the rally in those shares year to date. We like the set up on facebook going into print. They warned people about Revenue Growth deceleration and aggressive op ex investing environment. I think thats more than encapsulated in street estimates. This is one of the cheaper entry points youve had on facebook shares since the ipo. We like it. Your target is 170. Ive heard look, its hard to get a pushback on facebook almost everybody likes it. Its just a question of i do occasionally hear how much better can it get. Right . Thats sort of what andrew had brought up at citron several months back. Is that a fair question to ask if youre considering buying the stock here today . I think its a very fair question. This stock has gone through a material d rating. We went from 35 times earnings to almost 20 times earnings in a ninemonth phase. So the market is clearly worried about how sustainable the growth rate is. We are, too, but not as much as the market fears. Im really concerned about with facebook is as you listen to google, as you listen to amazon, these are Companies Across devic devices. They know they need to be everywhere, through voice, through artificial intelligence, on phone, pcs. Also in voice activated devices in the home. Facebook is not there. I wonder about where that is in its growth strategy. Not for the next quarter or two but the next year or two, where are they in terms of ai and voice interaction. Do you cover google as well . Yes, of course. Is that thats a concern that i guess facebook, google, alphabet, some others have to worry about. Amazon wants to eat everybodys lunch. Oh, absolutely. Look, if theres one major issue to watch out for for google in the next three to five years, their biggest concern at the most senior level has been amazon. If you have 100 million in stall base for devices in peoples homes and then in their homes and people use amazon and alexa for searches, that for retail searches, thats a longterm issues, significant issue for google. Theres plenty of time wean here and there and things google can do to shift but that has to be the single biggest risk theyre focused on. What gets amazon to 950, your price target . Thats a nice big upside from where you have it here. They need to do a couple of things. Near term we are concerned on one key thing on amazon. The street margin assumptions for the march quarter are probably too aggressive. Numbers may be the first t. Come down and that may mean the stock caps out here before it can move higher. If they can sustain 20 plus Online Retail growth in both the u. S. And international aand 50 Revenue Growth and it can continue to benefit from what we think is the biggest, the best revenue makeshift story in tech, the Fastest Growing segment, highest margins thats the Cloud Computing business, we think thats what takes the shares higher. I got to go, but is there any to what level is there any Political Risk around amazon . You know, they can be a party in a lawsuit against the trump travel ban. Theres been some contention between mr. Besos, President Trump. Is there Political Risk at all around this stock . Yeah, there is. I hope that doesnt come to pass for a variety of dirnfferent reasons. Theres one significant economic risk which is this border adjusted tax. That would affect a lot of manufacturers and have impact on retail irs. Probably increase the competitive advantage around amazon. I dont know if theres any direct political attack on amazon. I hope not. They are one of the largest employers in the country. That would be bad for the country. Mark, i appreciate the time, as always. What do we do with these names . Well, facebook, judge, we talked about it after the election. This stock was sold off. Whether it was sold off because people believed that zuckerberg had lined up against mr. Trump, President Trump now, which he had. I didnt think he was going on the punitive against it. None the less, youve got two chances to buy it at 114. Once in november and again in december. Both times the stock made significant runs. We said we thought it would run to 130. It did that. I think this earnings announ announcement this time is pricing in about, what, 5 plus percent, 5. 6 , move to the upside, easily send it higher than that. The selloff was was a concern that now that politics are over and down ticks were not using advertising on facebook anymore, it hasnt happened. I must say that if you look at a feed and i do a lot of pages for a lot of businesses, theyre jammed with commercials. You cant put p much more into it. The upside surprise for me has been the use of facebook live. Companies are using it to announce products or services or new features. And then paying to boost. I mean, i look at where were spending money in all of these small, Midcap Companies im involved with. We do facebook live, post it, and pay to boost. Like ban jis. This is a big expense now. Its working. The only reason people do it, new source of revenue. Thats why the stock is attractive still. Good stuff on tech to start us out today. Heres what else is coming up on the Halftime Report. Its march back in play for the fed . And how will fridays job report move the markets . Were already getting some signs. Plus, a big call in a beaten down retail name. Is the trade already in the bag . The Halftime Report with scott wapner is back in a flash. Is it because so many go after it the same way . Chasing after short term returns. Instead if getting caught up with the crowd, the Investment Managers at pgim take a long term view, teaming specialized active investing with riskmanagement rigor, to seek out global opportunities. We manage over a trillion dollars this way, attracting many of the worlds leading investors. Partner with pgim. The Global Investment management businesses of prudential ahead of fridays jobs report a big number from adp today showing 246,000 jobs created in j ed id in january. Rick reader is the chief executive officer at blackrock. He is with us today once again. Rick, happy new year. I dont think ive seen you since then. Glad to have you back. You, too. Thanks a lot. So adp was darn good. What does that do now to the fed . Its an indicator on the employment number on friday. We still have to get the employment number on friday. I think its an indication that growth is improving. Were seeing a system that is reflating. Its well beyond just a new president. I think the fed has got to start moving. I dont think theyre going to tell you much about that today. But i do think that the fed has alluded to going three times and, you know what, you can actual he see them go a bit more than that to four times potentially this coming year. But adp is just confirmation of the data continues to be strong, not just in the u. S. , globally. Wow, i mean, the magic word seems to be march. Right. As in will they go in march. Will this force their hand to go in march. Is that what youre saying . I think the markets have discounted their ability to go in march and theres a lot of suggestion about they havent set up the market to go in march. I dont think they have to do much more. Theyve suggested that theyre going to do this year and the chair and otherwise have suggested. I do think march is a reasonable possibility. 75 possibility . Definitely not. But i do think the markets and i think the data, youve hit your employment target, you certainly are approaching we can debate whether youve hit the inflation target or not. Most metrics you have. You dont have to do much to get ready for march. I dont think it will have that much of a debilitating on the market if they do it. If you dont think its 75 , what percent would you put on it, if youre going to go three to four times, dont you want to space them out a little bit . Youre not are you going to go three or four times in a row . No, your point is 100 right. Thats when people have written off going in march, are they going to have to wait until june in im not sure why that is right. I think you can get it, and like you say, particularly tin nation data which we think is going to dont trend up, but then there are reasons where why it may actually start to stabilize and come off of it towards the latter part of the year. Why not. Why not start moving the program now sand space it out more efficiently as you described. Anyway, i dont think it is the base case today. But i certainly think there is at least a 50 chance they can get it done in march. And quite frankly i dont think theres any reason why you wouldnt go in march. Women, okay, the market is going to put some attention on that. 250 is where the yield on the tenyear note is as were having this conversation. Where does it go between now and lets say six months from now . So i think its going higher. But i think ive heard people state the ten year is going dramatically higher. Its going to follow nominal gdp. Weve got to get to nominal gdp. Demand for income in the worlds extraordinary. Jpmorgan is keeping rates low. Europe is going to be slower in the u. S. To move rates higher. I think were going to see 275 tenyear. Yes, do i think were going to hit three . You could hit three this year. I dont think its moving dramatically higher but the point the progression from here is to to higher rates. Not Straight Line but i think theyre going higher. So then where does the chief Investment Officer of Global Fixed Income at blackrock see the best Investment Opportunity in Global Fixed Income today . Well, im glad you said global twice because there is an you know i think you have to be thoughtful about where you take your risk. We are big believers. Its a bit different than the equity market today in fixed income in how you think about lets get income. And there are places in the kred dt markets, securitized assets. Buy high cash flow and high income assets. Dont take as much Interest Rate, pure Interest Rate risk. The point about global, parts of emerging markets. People have written off emerging markets and discussion about trade. Its been the best performer in fixed income this year. Places like brazil and argentina where you can pick up nice yields and rates are going to come down. We think youve got to be tactful around where you take the fixed income risk. Generate income, do a bit outside the u. S. And keep your Interest Rate exposure lower than its been historically. Always fun, rick. I like kicking this around. Well have you back soon. Thanks for being here. Great, thank you. Rick reider, blackrock. Oleary likes europe. Josh brown likes em. Better opportunities outside the u. S. . Europe on hedge is interesting. Everyone thought the dollar would go through the roof. Dollar is down. Europe is up. Pes are lower. Cash flows are higher. And the big surprise was the new Prime Minister there really got competitive on Corporate Tax rates and really reached out including the meeting with trump saying, lets trade. Lets dance. Lets get these agreements in place. Even on a postbrexit. I love those big british names with cash flow, low pes. I really positive vibe. So to reiders point, three to four times they could hike, being the fed. If they go in march as the market as rick says okay with that . Yeah. The market doesnt believe a word they say. The market doesnt im saying if they if the fed does move in march, stocks are going to be okay with that . Heres the thing. Weve seen the fed say this the around when they think they will hike or give you a number going into a year. Youre never right. The reason why is things happen during the course of the year that force them to hold back. We all thought that there was a likelihood of a hike last summer and the brexit thing started and they put it off. So its really, really tough to say because global and geopolitical things sometimes get in the way. Aside from the facts that we dont know what the Economic Data is going to look like when they are doing that second and third hike for 2017. Presumably its going to look good. Ism manufacturing was good. Consumer confidence is good. Jobs report today, today . I get you. But its trending in the right way. Lets hope it keeps. Europe has been five years behind the u. S. In terms of its recovery, economically its five years behind the u. S. In terms of the stock movement. So it makes sense that europe could start to see some thought. Sue herera has the latest headlines for us today. Heres whats happening at this hour, everyone. The Senate Finance committee has approved tom price for health and Human Services and Steve Mnuchin as treasury secretary after the republicans suspended the rules that require at least one democrat to be present for the vote. Now the full senate will vote on the nominees. British Prime Minister theresa may commenting to lawmakers in parliament about her meeting with President Trump. The Prime Minister says the u. S. Travel ban is wrong and she had no advance knowledge of that ban. First of all, on the policy that President Trump has introduced this government is here that that policy is wrong. We wouldnt do it. In six years as home secretary i never introduced a home policy. We believe it is divisive and wrong. On a lighter note. Hostess and necessarily have teamed up to create three new ice cream flavors using hostess classics, twinkies, ding dongs and cupcakes now flavored ice creams are available nationwide. Sweet note to end the update this hour. Scottie, back to you. Good news as we have a dedicated food and beverage correspondent on the program, josh brown. There you go. What do you think . Twinkies . Are you going long ding dongs . What do you think of twinkies ice cream . Im going to risk at that, i dont eat that stuff. If i eat ice cream its like ben and jerrys or better. Probably gelatos. Deep fried ding dong to get josh interested in it. All right. There you have it. Sue, you do whatever you want with that review. Firestone sees opportunity in an infrastructure play down more than 12 in six months. Plus, well hit cigarette, dating, drugstores, and health care in the blitz. Maybe some twinkies and ding dopgs, too, when we come back. Maybe not, scott. Well see. S, too, when we come back. Maybe not, scott. Well see. Ds, too, when we come back. Maybe not, scott. Well see. Dons, too, when we co. Maybe not, scott. Well see. Gs, too, when we come. Maybe not, scott. Well see. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley Companies Across the state are york sgrowing the economy,otion. With the help of the lowest taxes in decades, a talented workforce, and worldclass innovations. Like in plattsburgh, where the most advanced transportation is already en route. And in corning, where the future is materializing. Let us help grow your companys tomorrow today at esd. Ny. Gov i checked, everythings there. Wait a minute. Hey. Hold on, i can explain. You better have a good answer. Switch to geico and you could save a ton of money on your Car Insurance. Why didnt you say so in the first place . I thought yous was wearing a wire. Haha, what . Why would i wear a wire . Geico. Because saving fifteen percent or more on Car Insurance is always a great answer. Okay. Its time for the blitz. First up, Tinder Parent Company match, disappointing revenue. Josh . I dont like this story. I think i think tinder is probably under a lot of pressure. The new hot, this is bumble, my single friends tell me or my divorced friends toll me. And coming after that is the league, shoutout to my boy justin who is crushing it on the league right now. There are like ten different versions of tinder and the competition is fierce. I dont want to be a part of this. Walgreens, boots, and riteaid. They negotiated the deal lower that is walgreens boots against riteaid. 650 to 7 is what theyre going to pay instead of nine. Not good for holders of riteaid. Anthem is higher. Beat on the top and the bottom. Kf, thats yours. I think that the operating numbers look very good. Its not an expensive stock. 12 times. You get the risk of the deal not going through just like the humana and aetna deal didnt. Oleary, smoke them if youve got them. Altria. They missed. The stock doesnt care. By attitude is, if youre stupid enough to smoke i should make money off you. Thats why i own this name. All right. The call of the day comes from an analyst who sees opportunity in a wellknown retail name calling the company a true innovator. That is coming up next. Our partners at kensho are analyzing apple suppliers. After apple releases good earnings, sirius logic is up an average 7 within the month. The Halftime Report with scott wapner is coming right back. This is my retirement. Retiring retired tires. And i never get tired of it. Are you entirely prepared to retire . Plan your never tiring retiring retired tires retirement with e trade. Im in vests and as a vested investor in vests i invest with e trade, where investors can investigate and invest in vests. Or not in vests. Sign up at etrade. Com and get up to six hundred dollars. Were back. Post nine New York Stock Exchange mid time report. 2017 for retail. The etf down for its second straight month. Coach is bucking that trend today. Shares are in the green after being upgraded to buy at ever core isi. The i theyve put a 50 price target on the stock. It is our call of the day. In the same moves they downgrade. Coors, under armour, ralph, pbh, fossil, vf, and deckers. They upgrade coach to buy. Do we buy that . Doc . Sure. You could buy that one here, judge. As i said to you yesterday about under armour, i didnt like the way it was handled with the cfo. Obviously even though the stock made that massive drop and i love kevin createivity at the firm but when you look at the stock drop that much, the pe was still way up here. In fact, it didnt drop enough to get the pe in line with where it should be in my opinion. So under armour, i think you will continue to see downgrades. Upgrades on coach, yeah, i can see that. You guys like coach . I dont know why you think it can defy gravity with mall traffic down. This is a mallbased story. The experience of going in, looking at their stuff, shopping, you know, picking up the next purse or belt or whatever it is. You dont go to coach on bleaker street . Yeah, i just feel that a lot of it is in malls and that story is a negative traffic story. Maybe if they can replace it with online, im not excited. I wouldnt buy it. Coach has been in a downtrend since 2012. I thought they reversed it though. No. No. Go back its a fiveyear down trend. Every rally it sold. Its tradable. But at the end of the day, this is a this is a stock thats been in a secular downtrend for five years. Wait for that to end if you want a reason to get bull. I have no buyers today. No. Not really. I would rather miss if it bottoms i would rather miss it and pay up when momentum is going the other direction. Lets do some unusual activity. Doc . Well, judge, how about disney. Disney because again . Its hit time and time again. But take a look at how 47 times, unusual active the with disney. Very unusual stock. It is unusual. We know they have this monster rollout of movies that are coming up. Somebody put on a monster trade betting into the summer, into june they were buying the 115 calls, 25,000 times. Thats 2. 5 million share youvement. Sold 50,000, or 5 million share equivalent up there at the 120 strike. Betting it rolls here from 111 up to 120. Not necessarily a lot higher. I bout it. Ill probably hold this position for a nobt and a half, two months. Mr. Wondwonderful . We talked about this at 95. Everybody hated the name. Theyve proven one after another they can take a star wars cutout, stick it out there, do 450, 500 million. Pound out one a year. This is an annuity. The holy spn thing has fallen out of the dialogue. Nobody is talking about it anymore. That took the stock down 30 . I think this name keeps going. All right. Congrats to the great Brent Musberger hanging them up. Called his last game last night. I dont know if anybody saw it. The guy is a legend. He is. Paying our respects. Trading goal from the pits right after this break. Is happening before our eyes. Shift in Human History sixty to seventy Million People are moving to cities every year. At pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. Partner with pgim the Global Investment management businesses of prudential. Welcome back to the half time report. Im seema mody. Gold surging ahead of todays fed announcement. What else do you think, jim, is driving gold lower . This secondarily. Yesterday, we were worried about there wasnt a panic, but a little bit of concern about the president s implementation of policies after last nights fairly mainstream candidate, i think the fwoeld market is a little more confidence today. Again, thats secondarily. More importantly, the dollars bounce. Maybe it doesnt tighten but talks hard about tightening. Anthony, were hovering just above the 1200 mark today. Would you be a buyer or seller of gold at these levels . I would be a seller. The fed doesnt seem unless they risk the wrath of trump on twitter. They act down the road. Thats what were seeing right now. Gold is higher when the fed decision day is coming. Its lower right now. Traders know rates are going higher, dollar is going higher. Gold is going lower. Anthony and jim for more on futures check out the live show every tuesday and thursday at 1 00 pm on futures now. Cnbc. Com. Scott, back over to you. Seema, thank you so much. Before the break, your sector check. Take a look. Half time will be back in a couple of minutes. Take a look at the sectors today. There you go. We said technology was hitting it out of the park today. Its leading. Back after this. [pony neighing] what . Hey gary. Oh. Whats with the dogsized horse . Im crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. Isnt that right warren . Well, you could get support from thinkorswims inapp chat. It lets you chat and share your screen directly with a live person right from the app, so you dont need a comfort pony. Oh, so what about my motivational meerkat . Inapp chat on thinkorswim. Only at td ameritrade. You know what time it is. Time for final trades. Ladies first. Carrie firestone, kick us off. America water works, infrastructure play. Its a utility but does a lot of work like projects on cleaning up the water supply, sewage systems. We think that theres all sorts of ways that the trump infrastructure effort can play there. I like American Water works. Bostonian so i love the new england patriot. Picking the patriots to win . You bet. Confidence. Ov overconfident maybe but six flags, never owned it before. Just put a position on. Im going in stocks where the majority of the revenue every country i invested, canada, United States, mexico. I dont understand what were doing with the trade agreement anymore. I dont want to get involved in border tax stuff. Youre going all russell all the time . Up to 20 now in small mid. I like the fact that i dont have to worry about what trump is going to do on trade. Same thing in canada and mexico, owning the domestic revenue names. That way i dont have to worry about border tax. Josh brown . Amd earlier in the show, nvidia, two stocks that are starting to work again, starting to go up. So you think nvidia will have a reboot . Nvidia is a little more complicated. There are not a lot of shorts theyve already covered. Estimates have been ratcheting higher. I dont love that setup. That is one potential area you could see a lot of volatility. From a low return perspective, incredible growth story and i dont see any reason why that could get derailed, at least in 2017. Good doctor, what have you got . Blackstone, judge. Kevin would love this one. Carrie shaking her head as well. 6. yield. The stock is up 15 year to date. Got to love this stock. It continues to work and outperform the rest in the manager space. We could kick a couple of around, too, carrie. You bought bristolmyers a couple of different times. Thats right. So its a health care name. Big underperformers last year. Had an event. Lost 5 of its market value. I think weve seen the bottom in health care. Look at thurmo fisher, little bit of traction with Health Care Stocks and bristol can easily move into the high 50s. Allergan, added to that as well . Added to allergan. Its not a Health Care Company thats had the very high prices of drugs. Its cheap. 12 times earnings. All right. Its all about apple today in some respects. Keep an eye on the markets. Thanks for being here. Mr. Prime minister i mean kevin oleary, good to see you. Power starts right now. Scott, folks, thank you very much. Welcome, everybody, to power lunch. Im taylor mathisen. Busy afternoon as they all have been recently. The fed making a big decision on Interest Rates in less than an hour from now. Will janet yellin surprise the markets and hike rates . Apple crushing earnings and powering the dow into the green. But that is old news by now. Coming up, three staggering stats you need to know about americas Biggest Company by market value. And it is another busy day at the intersection of wall street and washington. We are