Post nine at the New York Stock Exchange Carl Quintanilla is off, jon fortt is on assignment but were going to begin with wework losses balloons to 1. 25 billion in the last quarter. Roger mcnamee joins us, along with Business Inside henry blodget. Good morning roger, i will start with you losses at wework, the turmoil continues. The thing that scarce me about we work, it could be a trigger of other issues in the market it is huge the scale of investing in unicorns that were i think at best unproven, maybe at worst not real businesses is such that as the stuff implodes, it could take softbank with it. Softbank is big enough to trigger all kinds of issues for the market. Youre scaring people saying it could take softbank with it significant losses, no doubt thats a few steps down the road the saudis are 45 billion in, theyre getting 7 deferred return, and then other investors, it is not clearly softbank at risk in the way you if they blow through enough money, it signals a fundamental c
Signals that are pointing up wards and onwards for stocks and the backlash against billionaires, Elizabeth Warren launching a fiery ad targeting leon cooperman and other individuals. Cooperman joins us to fire back. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this thursday our Investment Committee, joe tearerranov terranova. And the brothers and the walmart retailer beat and raise quarter, stock opening alltime high today. Joe youve been making a cas for this one, you own it i do. And under review. All of the news, the good news is priced in i think walmart is trading a little disappointedly today. Still own the stock, im going to see in the next couple of weeks to see if theres something i want to do a tremendous amount of positive news, theyre separating themselves from the gap, the macys, brick and Mortar Retail names, theyre succeeding not only online, grocery has been very strong for them the ability to drive
After reporting better than expected earnings ahead of the launch of its streaming service next week. And we have a big interview coming up in just a few minutes. Billionaire investor leon cooperman says he will support fellow billionaire Michael Bloomberg if he runs for president. Cooperman joins me exclusively to explain why joining us for the hour is mark tepper from Strategic Wealth partners mark, great to have me here. Thanks for having me, appreciate it. What is your take on the market we saw record highs this week, but seem to be moving sideways here today yeah, so, overall, investors are definitely riskon right now, because of this trade optimism i know trump said today that maybe there has been no agreement with regard to rollbacks and tariffs. But nonetheless, risk is on. And were seeing this rotation now out of bonds, into stocks. Were seeing a rotation out of defensives, which had been leading the market into cyclicals. And really, one of the biggest driving forces right no
Day. Football and Financial Advice. Jets linebacker Brandon Copeland joins the desk. Hes a member of our Financial Wellness advisory counsel. The Halftime Report starts right now. Welcome to the Halftime Report. Joe terranova, the brothers najarian, Courtney Gibson and, Mario Gabelli of the gabelli funds. The s p heading for its 24th record close of the year what a big year its been. How are you doing . Terrific. Welcome back. How do you feel . Better than in months . The fact the market is hitting a new high, were looking at stock specifics and what are they doing. Like the viacom cbs. Next year the only challenge i see is the lower Interest Rate that has an impact on the liabilities of Pension Plans and how much cash they have to put in things are okay. How do you feel about where the trade talks are, where the fed is nothing nothing changes. Its fine. The fed is fine. We like the global competitiveness, that china is bringing in texy in house and trying to develop their own skill se
Weekend on cspan3. The president is due at a rally in tupelo, mississippi, within the next few minutes. Well is have live coverage as he campaigns for Lieutenant Governor tate reese whos running for governor in tuesdays election. Until the president arrives and starts, heres white house economic director larry kudlow talking with reporters today about the latest jobs numbers. Yesterday the president [inaudible] the impeachment effort is holding back the stock market. Do you believe thats true . Yes, i do, actually. Why . Because i think fundamentally, and, you know, your network has reported some pretty prominent, famous investors Lee Cooperman among them, Lloyd Blankfein among them who do not want to see a change in President Trumps economic policy. They like the tax cut incentives, they like the rollback of regulations, they like the opening in the energy sector, and they like the fact that the president is trying to reduce trade barriers and is engaging china in order to protect ame