Red across the board on some weak u. K. Cpi. Respectively sitting at or around new highs, the nikkei logging its best gain in two months. Apple puts ice new ipad retina on the market. And walmart steps up the competition. Another record close for the dow. The s p finishing just a fraction high of the alltime high. The nikkei closes at a high. And up say, jim, the dips are bought again and again and they are. A lot of times its just the intra day dip. Something might happen, a piece of data comes out and people say this is my chance. Theres a classic downgrade today of fedex. Fedex has been on fire. That deal with amazon and the post office, that is bad for fedex. Watch that stock. That will be the tell. It will go down a little and then buyers come in. Buyers cannot resist the transports. The downgrade of fedex to a market perform, they raise their price target from 136 to 117. They dont even mention the amazon ups deal. They say the value is outpacing demand i say thats convincing, i would sell it. D. R. Horton reports, americas home builder. Its like Americas Team the cowboys not. And i look at this and say how much is that going to be down because the cancellations are bad, the order are bad in the district, some areas of the country are bad and, no, its up. And i sit there and say what did i miss . I dont think i missed anything. I dont think it should be up. It doesnt matter what i think. Buyers are using horton as a move. Theres my chance, horton. Horton who . Complacency, complacency. You hate to use that term because people have been complacent for a while. Its working until it doesnt. I love this headline in usa today today, waiting for a 10 correction . Dont hold your breath. I said there you go. Its going to happen. From what level . Maybe today. Todays the day. Because today whats going on that we should sell today . That we should sell today . What happened today . Because because of hologic missing on that 3d test, im selling. It like, okay, i got to take the money off, i got to get out of this and this thing is too hot. The next thing you know the other guys are up 29 , youre only up 21 . If i go to buy therapeutic, no, thats down. You end up having to buy fedex down a buck and a quarter because thats an opportunity to buy highquality stocks. This theyre making moves that dont equate to the underlying business, why should you be buying them . Are you getting yourself in a fools game . I think its the latter. But i think it may not end until january because people want to show exposure. Theres mechanics of the market and of money management. You want to finish the year with the gainers on your books. Ive been talking on that on air. There are certain stocks that are anointed that people want to own. I spoke last night about a whole segment about priceline. I said priceline is doing so well, its really only selling at 19 times earnings. It happens to have a thousand dollars price tag so people think its expensive but i think people dont want to part with their priceline. If youre somebody who owned the s p a year ago and youre up a 28 on that investment, thats a great year. Why wouldnt you just want to lock it in, enjoy the holiday season. Always just say, hey, when i was younger, my old hedge fund, yes, the answer would be lets day trade, sell everything, lock in the gain and day trade. That way we cant give it back. I dont hear a lot of people doing that. 500 million, its not like i was day trading 20 million that 10 correction article you showed, that should be a metaphor for me, have i to take something off the table. And then dish reports a good number and you say thats kind of interesting. Then you hear the financials are trading up because the yield curve, maybe im underweight in financials and then im like okay, ill do a buy. And essentially writing an apology to the American Public for a policy he now thinks has done more damage than good. I dont see it that way. I think congress has done more damage than good, congress has tried to make up for what the fed has done. Lieutenant general melcher from the old itt spinoff, they helped ring the bell yesterday. Their numbers are hes trying to make do with a very big cut in the Defense Budget. Its highly unusual. The Defense Budget is getting cut very big. It is happening. It is happening. It could end up be a trillion dollars over ten years. Also if the sequester does tack effe take effect next year. Force reduction. The fed is trying to offset every spending cut except for health care, which nothing can offset. It just too huge. Thats a big issue at the d. O. D. Obviously nationwide. You want to move on . Sure. I dont want to be a downer. Youre not being a downer. Youre telling everybody to hang in there. Thank you. Im using priceline as an example. I saw people buying the jcpenney preferred. Theyre still buying fannie and freddie preferred. People are telling me they hate me and say, jim cramer, i hate you and should i buy fannie . I love it when they say focus. The guy called me every name in the book and i favorited him. Apple making its ipad mini with retina display available, and that will be available today. And google will introduce google glass. I have a piece this morning on real money. I said apple has gotten so hated. I got the little apple thing about the retina and i just said, oh. Theyre not buying stock at 630. There is a propensity right now to despise apple. Its almost as if apple did something wrong. They havent. Theyre offering new phones, a wider screen, all the things that samsung beat them with, they have a new patent for at home, japan loves them and the stock is just despised. Remember when apple used to go up and Everything Else went down . Its the antimarket stock. Hanging in around 518 is a lot different than hanging in around 418. True. This has become transocean. Its transocean 2 carl icahn is pressuring tim cook, he pressuring a ring company. If i were tim cook, i would say, hey, listen, carl, the ring business is not really analogous. And we didnt do mccondo. A Balance Sheet is a Balance Sheet, Capital Allocation is Capital Allocation. What are you, a tree is a tree . Are you a poet . A rose is a rose is Capital Allocation . Dont forget that he owned about 6 of transoh scean. He can never own 6 of apple. No, he cant. But what should i be excited about if i own apple . The possibility of another meal between tim cook and carl icahn . Is that what im looking forward to . Thats where some investors are in their head. How about the idea that the products are good and the numbers may be good or its a good holiday season. You never reveal where they end up eating. Im pretty sure they ate at carls house. They should have gone out, maybe go to daniel or something, 400 a person. Im told its 910 on 11 12 13. And 1, 1, 1 its the loneliest number for people to go out and lick their wounds. Its a madeup holiday. We should start a holiday we started plenty of them. How about that fan tech, that was something we started. Arian foster and it got long jackson that was bad. Got long nfl players who went down. We create things in our country. We create football gambling on players. They create 1, 1, 1. Were all just doing everything other than making things. One thing were trying to make is some repairs to the philippines. A u. S. Aircraft carrier is headed toward the philippines to aid in the relief efforts from last weeks deadly typhoon. We go to manila this morning. Reporter as day four of the aftermath of typhoon haiyan, it still remains to be seen if any aid is getting through. The Road Conditions remain dire. Accessibility is a real concern for the relief agency. They simply cannot get through because of the down communications, down bridges and limited handling capacity at some of these airports. The good news is this, is that more help is on the way in the form of uss washington and a support group of six other vessels, also a Royal Navy Vessel is en route from singapore and they will carry with them a muchneeded aerial support and backup for their colleagues in the Philippine Armed services and Emergency Services as well. The First Responders who were in the line of fire here. They were also victims of this huge typhoon that struck on friday. So they are capacity limited as well, and they are stretched to the ground here. The situation remains grim, remains very challenging logistically and in the meantime the situation at ground level with the people who are affected is getting increasingly desperate. Back to you now. Thanks so much. Tough story. And general melcher said you ask the army and military and marines to be cut back and you tell us to go to the fiphilipp s philippines. Its a very difficult mandate. Thats true. We have a power packed show for you, including Mary Jo White, and dan loeb from the deal book conference in the big apple. What might he say about sony, yahoo George Clooney among others . And well bring you comments from rays comments. And well take you for a renowned interview with carlos ghosn in mexico. And ken burns will tell us how hes benefiting from netflix. And upping the ante as black friday approaches. And one more look at future, that 10year at 2. 77 might give you an idea of what the open will look like. A lot more from post nine when we return. Capital to make it happen . Without the thinking that makes it real . Whats a vision without the expertise to execute it. And the financing to make it grow . Whatever your goal, it can change more than your business. It can change the future. Thats why, at barclays, our ambition is to always realize yours. Offers will continue into friday, guys. This is heating up very quickly. I saw kohls is going to buy all the purchases of four randomly selected customers at each store after 8 00 p. M. On thanksgiving. My father sold boxes to retail. I said, pop, why dont they open on thanksgiving . My father said there are some days where youre not supposed to work, jim, National Holidays where people dont have to work. Can i say for a moment if i work at walmart, am i supposed to leave my turkey dinner and go to work . I understand how my father feels. I dont like this. As far as im aware, amazon is always open. Thats a big issue. And now always on sunday. There is no down time for the consumer anymore. What happens to the worker . What happens to the worker . Forget that dinner. Is it just another day . My mothers right. We used to not work sundays because it was a blue laws day. And suddenly because of amazon the world has changed and suddenly everybody has to work on days that are not right i think. Its going to be good for advertising, though. In usa today there are six consecutive fullpage color ads from best buy. One page is just wrapping paper. Its just this black wrapping paper. Theres no reason for it. Its six full pages of ads. Whats interesting about best buy, theres not an ad saying theyre taking the price target up to 50. This is an arms race and hanukkah falls very early. An article today about target and what theyre trying to do to combat amazon online. But speaking to a lot of Technology People recently, they will continue to make the point that amazon innovates at scale, meaning they can make changes so quickly over an enormous base of business, an enormous enterprise and nobody else can do that. Costco, which you know very well downgraded today. On price. I disagree. My Charitable Trust owns some. But costco has been able to deal with them because they have a card model and can charge less and they have a very good house brand, label. You have to do extraordinary things to beat amazon. Remember we thought having to charge tax would be difference. No difference. To a large degree prime was stealing a playbook from costco. My friends in prime just love it. International paper is a winner of this. But theres other issues about capacity coming along but the ceo, this stuff comes in a corrugated box. Thats ip. When we come back, we get cramers mad dash. A little bit later on, live interview with s. E. C. Chair Mary Jo White from the conference in new york city. Fascinating look at the challenges as she comes into that job. She did hire me. She offered me a job a long time ago, private sector. I loved her. Theres a look at futures and a lot more squawk on the street is back in a moment. 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I want to get to biotechnical. I want to get to the other side of the trade. Sarepta. People believed they had the magic bullet for a horrible disease and the fda says, whole, dont move so fast. The company itself has said, listen, the fda is full bore on what we have going here. Remember biotechnical. If youre a onetrick pony and you have only one drug and the fda shuts it down, bingo. This is russian roulette. Be very careful. Its why we took all the specks off. And you have the likes of gla glaxo, which has genomes glaxos down a dollar and unigen had a lead compound and thats been cut. People dont understand this group has been very frothy and not everything goes right. These are not pfizer. Glaxo. Drugs go bad, things go wrong. I had francois nato on last week. Hes a terrific biotech guy saying you dont understand, a lot of drugs they spend years and years on and they just doesnt make it. That was nps, just so you know. We have the opening bell coming your way in four minutes. Squawk on the street is back right after this. [ male announcer ] what if a Small Company became big business overnight . Like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. The opening bell is in about a minute. Strong day in asia as well, guys. The only down side has been europe. This u. K. Inflation number lower than expected. Thats becoming a theme. Rbs was dln graded by goldman. I thought that was a bad move. People are starting to jump off some of the stocks. Going to get a lot of fed speak today, of course its all leading up to yellen on thursday. I was doing work on todays show piece and next year. You know what, shes a reality soon. We are going to be talking about her regularly. You got that right. Theres a look at the s p. The opening bell down here at the exchange. Real Estate Company remax celebrating its recent ipo. And over at the nasdaq, Progress Software corporation doing the honors. And reality, competitor reality had a good number, theres a sense overall that the Housing Group is played out, that you cant be in it and yet its done nothing for the year. I keep wondering at what point do people say the stocks represent value because theyre down so much versus the market but people just do not want to go into a group thats related to housing. We mentioned d. R. Horton in the last half hour. Hanging in. 40 cents did meet. Net orders 2 drop. But given what rates had done in the quarter, jim, are you impressed or not . The markets impressed, im not because i look to cancellations. People are saying theres just a period of turmoil in the country, things are back on track. Existing home sales are better than new because you dont have the problem with the lockin. The Housing Market is not oblivious to the fact they had so many good years and they dont want to touch these stocks. Media stocks. Newscorp. Youll talk about dish as well . You look at that simple and think newscorp but now were just talking newspapers and a lot of cash. Australian newspapers that no one thought about. It was not a great quarter. The stock sold off significantly in the after hours. Youve got a number of pure plays on the digital play, if you will, for old media, whether it be newscorp or whether it will be the upcoming time spinoff. Obviously the New York Times is still out there fighting the fight. And then you will have tribune as well. So there will be this universe. This is the best capitalized of them, given how much cash they gave it when they sent it away. What would happen if they bought time warner as time inc. . There continues to be belief they will be an acquirer. Aol has done that successfully, theyve bought a number of companies and been a buyer of the