The “Mad Money” host sits down with Viacom CEO Bob Bakish to get insight into the company’s merger with CBS and foray into the streaming war. Later in the show he breaks down why there’s a chance that the U.S.-China trade war could potentially drag on for years. David Paul Morris | Bloomberg | Getty ImagesWall Street is placing more value in consumer-oriented technology stocks and leaving behind tech stocks of companies that sell to other businesses, CNBC’s said Thursday. In-house divides can dr

Starbucks’ Reserve Roastery in Chicago Source: StarbucksHere are the most important things to know about Friday before you hit the door. The Street is watching the number perhaps even more closely than usual after retail sales unexpectedly declined 0.3% in September, which was the first contraction in seven months. Industrial productionAt 9:15 a.m. we’ll get industrial production for October, which measures the output from manufacturing, mining, and utility companies. According to the Federal Re

“It’s really the future of the FBI, and it’s all about technology, innovation, talent and resiliency.” That HQ2 will be a state-of-the-art campus on Redstone Arsenal – the massive U.S. Army post bordering the city of Huntsville. The Army leased nearly 1,600 acres of its land on the arsenal to the FBI. “The Army has been a phenomenal partner with us down on Redstone,” says Nancy Brown, the FBI’s program executive for 21st Century Construction at the Redstone Arsenal. “We want … the best and the

Despite Kraft Heinz’s recent rally, the food company has a long road to recovery, according to Goldman Sachs. The firm downgraded shares of Kraft Heinz to sell from neutral because the stock has gone up too much, too fast since Kraft’s strong third-quarter earnings. Goldman left its $29 per share 12-month price target unchanged, which Kraft blew by last month, trading at $31.63 per share, down 3.5% on Thursday.

Customers look at the Apple’s new iPhone 11 series smartphones in an Apple retail store on East Nanjing Road in Shanghai. Apple shares got a rare sell rating on Thursday after Maxim Group downgraded the stock on concerns about lower iPhone sales next year, citing proprietary survey data. Maxim downgraded Apple to sell from hold and set a 12-month price target of $190, a 28% downside for the stock. Apple shares hit a record on Wednesday of $264.78 and are up 67% this year.

Tim Cook at the Apple launch event in Cupertino Calif. on Sept. 10th, 2019. Here are the biggest calls on Wall Street on Thursday:Maxim downgraded the stock and said iPhone sales would be lower than expected in 2020. “We are downgrading shares of AAPL to Sell, from Hold, and establishing a price target of $190, representing 28% downside, based on a sum-of-the-parts analysis. On pages 2-5, we present our most recent proprietary survey data, based on which we expect FY20E (Sept) iPhone units to de

Karen Finerman was a buyer of Target. Karen Finerman’s firm is long ANTM, C, CBS, CPRI, FB, FDX, FL, FNAC, GOOG, GOOGL, GLNG, GMLP, HD, JPM, LYV, REZI, RRGB, SPY puts, SPY put spreads, TBT, TGT, TIF, URI, WIFI. Karen Finerman is long FB spread calls. Karen Finerman is long GOOG put spreads. Karen Finerman is long SPY puts.

Nigel Farage, leader of the Brexit Party, reacts as he speaks to members of the media at a European Parliamentary elections count centre in Southampton, U.K., on Sunday, May 26, 2019. Farage, cast by supporters as the “godfather of Brexit”, has come under intense pressure from some powerful Brexit supporters and the governing Conservative Party to stand down more. “The Conservatives want a Conservative majority in parliament, not a Brexit majority in parliament.” Farage, 55, said a deal with the

“The introduction of a Russian air defense system that will preclude Turkey from receiving the F-35 is obviously not welcome.” The supersonic jets — which can fly for hundreds of miles undetected by radar and of which 110 were slated for Turkey’s military — were withheld from the Turks after President Recep Tayyip Erdogan made clear his forces would buy the S-400 against U.S. wishes. “Turkey is a very, very important country to NATO, it is very geo-strategically important in its positioning and

VIENNA, AUSTRIA – 2018/06/20: OPEC logo is seen at the Organisation of Petroleum Exporting Countries (OPEC) building in Vienna. Still, the report kept its 2020 economic and oil demand growth forecasts steady and was more upbeat about the outlook. OPEC, Russia and other producers have since Jan. 1 implemented a deal to cut output by 1.2 million bpd. While the demand for OPEC crude will drop next year, OPEC trimmed its forecast for growth in 2020 non-OPEC supply to 2.17 million bpd, down 40,000 bp

Activist investor Carl Icahn has bought a $1.2 billion stake in HP Inc and is pushing for the personal computer maker’s merger with printer maker Xerox, arguing that a union could yield big profits for investors, The Wall Street Journal reported on Wednesday. Icahn, who owns a 10.6% stake in Xerox, now owns a 4.24% stake in HP, the Journal said. HP did not disclose how much stake Icahn owns in the PC maker. Xerox made a roughly $33 billion cash-and-stock offer for HP, a company more than three t

Despite Kraft Heinz’s recent rally, the food company has a long road to recovery, according to Goldman Sachs. The firm downgraded shares of Kraft Heinz to sell from neutral because the stock has gone up too much, too fast since Kraft’s strong third-quarter earnings. Goldman left its $29 per share 12-month price target unchanged, which Kraft blew by last month, trading at $32.31 per share, down 1.7%, just before Thursday’s opening bell.

Customers look at the Apple’s new iPhone 11 series smartphones in an Apple retail store on East Nanjing Road in Shanghai. Apple shares got a rare sell rating on Thursday after Maxim Group downgraded the stock on concerns about lower iPhone sales next year, citing proprietary survey data. Maxim downgraded Apple to sell from hold and set a 12-month price target of $190, a 28% downside for the stock. Apple shares hit a record on Wednesday of $264.78 and are up 67% this year.

If you’re hoping to snag the best-available terms on a loan, a standard rule of thumb about credit card usage could end up messing with your plans. The common advice is to keep revolving debt below 30% of your available credit so your utilization rate doesn’t hurt your credit score. Yet experts say your FICO score — which most lenders use in their decision-making — starts taking a hit well below that threshold. “Anything above 5% will start lowering FICO scores,” said Al Bingham, a credit expert

When Andy Roddick was at the height of his tennis career, he knew he had to be smart about his money. So he started building his wealth instead of spending it — and is now a successful real estate investor. “The most powerful thing you can be is a young investor,” the one-time U.S. Open champ said. Roddick entered the world of professional tennis in 2000 at the age of 17. At the time, a mentor said, “you don’t have to wear your wealth,” recalled Roddick, who earned $20.6 million in prize money d

The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 200,000 as of Sept. 30, up 7% from a year ago, according to a new report by Fidelity, the nation’s largest provider of 401(k) plans. The financial services firm handles more than 30 million retirement accounts altogether. In addition, the number of individual retirement account millionaires increased to 182,400, also an all-time high. The average 401(k) contribution rate is now 8.8% — not including the em

British start-up Magway is planning an alternative to traditional above-ground truck deliveries and wants to build narrow tunnels and tracks that could run underground next to freeways and under cities in the U.K., carrying parcels and groceries. Freight pods and track designed by Magway, part of a proposed underground network of delivery tunnels in the UK. London had an underground “mail rail” system that was built in 1927, with a capacity of more than 4 million letters a day. The company has r

Facebook’s head of mergers and acquisitions this week recounted the company’s acquisition of Instagram as calls for the breakup of the social media giant continue to drum up. “I want to acknowledge that in some ways we absolutely considered Instagram a competitor,” Amin Zoufonoun, Facebook’s vice president of corporate development wrote in a post on Monday. In his post, Zoufonoun wrote that Instagram was not alone competing in the mobile photo-sharing space. Zoufonoun added that Instagram was de

Apple could launch a bundled subscription service as soon as 2020, Bloomberg reported Thursday, citing people familiar with the matter. The bundle would combine Apple News+, Apple TV+ and Apple Music into one paid subscription service. Offering a bundle of subscription services could help allay fears of a stagnating smartphone market. As iPhone sales have slowed, investors have urged Apple to adopt a subscription model to shift its revenue away from transactional sales and toward recurring reven

Apple is launching a new app for consumers to sign up for up to three new medical studies. The app, dubbed Research, will be available to download via the Apple Store on Thursday. People can ask to participate in studies on heart, movement and hearing issues, and on women’s health. Apple has several major efforts underway in health, ranging from its Apple Watch, which monitors heart health and movement, to its employee health clinics. The movement-oriented study, for instance, requires that part