really great management team. >> dollar tree. >> yes >> getting some love today it's one of those retailers. >> we didn't get a chance to cover it much but nvidia i was in this name and i think that people really misread that report. >> i say buy activism blizzard. >> see you at dinner. >> see you at dinner. saying racism is evil, the president calling out the kkks and neo-nazis but is it too late to please those in the business world? stepping down from the white house council, ge saying that jeff immelt will remain on it. and disney hiring a production superstar but is the real scandal how much money netflix has been spending lately >> and investors ignoring the politically charged headlines, putting north korea on the back burner we're going to talk more about

your money as "power lunch" starts right now welcome to "power lunch. i'm michelle caruso-cabrera. today's gains pushing the dow positive for the month all s&p 500 sectors, 11 of them now, are up. tech financials leading the way. energy, utilities, they are lagging. the chip space is a notable rally. nvidia, micron, advanced micro they are up. >> i'm tyler mathisen. we begin with the fallout in charlottesville. president trump speaking a few moments ago condemning the violence and specifically describing hate groups like neo-nazis, white supremacists and the kkk, quote, repugnant to

everything we hold dear. this came after a member of his white house council stepped down from the group following the protest on saturday. eamon javers is at the white house and kayla tausche is in virginia eamon, you first. >> the president did what he was criticized three days ago for not doing on saturday. specifically naming the kkk and neo-nazis as the problem over the weekend in charlottesville here's what the president said in a hastily scheduled set of remarks from the white house. >> racism is evil and those who cause violence in its name are criminals and thugs, including the kkk, neo-nazis, white supremacists and other hate groups that are repugnant to everything we hold dear as americans. we are a nation founded on the truth that all of us are created

equal. >> reporter: the president's comments today came after ken frazier, ceo of merck, resigned from the white house council here's what ken frazier said in a statement from merck our country stems from diversity, and political beliefs. as ceo of merck and as a matter of personal conscience, i feel a responsibility to take a stand against intolerance and extremism. that comment from ken frazier did not go over well with the president of the united states who responded saying the following, now that ken frazier of merck will have more time to rip off lower drug prices. the president's decision was to criticize merck and its ceo for drug prices when the he was criticizing the president for his remarks of the incident in

virginia we got a statement in from ge. here's what they are telling cnbc at this hour. cnbc has no tolerance for hate or bigotry and strongly condemn what happened in charlottesville over the weekend ge is a proudly inclusive company and represents all religions, nationalities, sexual orientations and races with more than 100,000 employees in the united states, it's important for ge to participate in the discussion on how to drive growth and productivity in the u.s. therefore, jeff immelt will remain on the presidential committee on american manufacturing while he's the chairman of ge that statement just came in. we'll wait to see whether other companies follow ken frazier's league or jeff immelt's lead in staying on the advisory council. >> the decision has led to a lot of ceos having to wran gel wiglh

that decision. >> kayla tausche is in charlottesville, virginia. kayla? >> reporter: a few streets remain close, specifically the one where a car drove into a crowd and heather heyer died during that incident james fields will appear in court on august 25th the business owners say that they are open in solidarity with those who are marching against the white supremacists here in charlottesville, an affluent, liberal college town there has been an ongoing debate over the potential removal of confederate statues. that's ignited the alt-right and they see this as a symbol and they have continued to come back here business owners say if they continue to do that, they'll

have to think of contingency plans but so farther not shaken by it and want to remain business as usual. we spoke to the chamber of commerce and here was his message to potential tourists coming to charlottesville. >> two calls today of someone looking for real estate, one from maine, one from atlanta so this is a vibrant, diverse town, growing community with constructive citizenship and opportunity. nothing has changed other than the fact we were captured for 24 hours by folks that would do us harm they did us harm in the national images but we'll get over that >> reporter: as the charlottesville community recovers, one question is how the student body of virginia will react when the academic year begins in just a matter of

days back to you. >> kayla, thank you very much. business has been one of the president's biggest support groups is trump at risk of losing some of that support or were his comments strong enough let's bring in a member of the american leadership council. this is not part of the white house, we should say, and there are two things here. you've got the business side, lower taxes, lower regulation and then you have the other stuff like this weekend. as a business owner who has sum ported trump, does that make you waiver in your support of him or in your agenda >> no, brian look, all americans condemn the violence that occurred in charlottesville on saturday. those were heinous acts by radical extremist groups and

nobody, nobody supports that behavior in fact, those perpetrators need to be tried and put in jail. that is unacceptable behavior and whack jobs like neo-nazis and the kkk, they are not representative of the american people and their views and beliefs should be strongly condemned. >> you know, all of that, of course, is very true, roddey i guess what i'm asking is, when you go out and say i believe in this agenda or in the president himself, after things like this weekend, you know there's going to be more heat placed on companies and individuals that say that >> brian, i think the president is pushing a positive economic agenda and a rising tide lifts all boats. it doesn't matter whether you're

a male, female, your sexual orientation, your color. what we need is a strong economy. and you get there by lowering taxes, knocking down these crazy regulations and people will find opportunity. but you've got -- you've got to take some bold steps. >> mr. dowd, it's michelle here. you were so strong in your statement at the top the reason why the ceo of merck stepped down from the manufacturing council was because he wasn't convinced that the president was strong enough over the weekend were you disappointed in what he did over the weekend and were you satisfied with what he did today? >> well, michelle, i generally have to work on the weekends and i did see the president's remarks -- initial remarks i just saw the ones he made. i thought his initial remarks were very strong and forceful. so i would try to always step

back a little bit. when president obama initially spoke after the dylann roof shootings in charleston at the church, his response was very measured i would argue that trump's response this past weekend, initial response, was bolder than that and, quite framnkly, think he handled the situation very well with milder initial remarks. >> you didn't feel the president needed to measure his remarks at all on saturday, if i hear you right? >> remarks that they were bold, enforceful and the justice was going to be served he clarified his remarks today. >> let me turn to another area that seems to have people in washington concerned and that is

the idea that the president has had a hard time relating to members of congress, particularly to members of his own party on the hill. he's been very critical of the speaker, mr. ryan, and quite a number of members of his own party were at least implicitly critical to the events over the weekend. does the fact that he has seemingly some tricky relationships with members of his own party, does that make you concerned that he's going to have a hard time pushing through his legislative agenda >> well, let me address the idea of congress and the president. we see a congress talking about

lower taxes, getting rid of health care, get me the house, the white house and we'll get it done well, best i can tell, we're in the middle of august and congress fumbled on health care and fumbled away a lot of the time most ceos, if you gave somebody a deadline for a plan and gave them eight months and they whiffed it, i think there would be a problem so, yeah, i can understand some frustration and, quite frankly, let me get away from running a manufacturing company and tell you what i hear at the grocery store. i live in a small, rural community and people come up to me and go, what in the world is going on with the congress so the president is trying to get stuff done and get stuff done that he can do but they talk about all of this stuff and they do nothing. so can you understand the frustration of the american people

>> i do. all right. roddey dowd, appreciate your time >> thank you. triple-digit surge in the dow today. dominic chu is on the floor of the new york stock exchange. dom? >> reporter: the idea what is happening in north korea or charlottesville could have an impact on the market was not a far-fetched idea but there are many traders who feel as though, yes, things are abating and calmer heads have prevailed. the s&p is about 25 and the big three in terms of indices. with regard to the sector moves, it has been risk on and off and it's one where we are seeing the cyclical economic sectors picking up the slack here and i would note that the best performing of the s&p 500

sectors and it's worth noting that the stocks have been hit hard over the past couple of weeks among amazon and other concerns if you look at proxies for risk overall, check out the names that we see all the time in terms of risk aversion and treasury note yields we saw them move lower the yields are starting to move above the treasury note. we're also looking at gold prices they are moving to the downside reverting back to where they were prior to this of course, what happened as well with the yen we saw yen strengthen on the heels of north korea and dollar strength overall so risk proxy certainly indicating that. we'll see if it continues for the rest of the session. back over to you. >> dom, thank you very much. so is the rally back in place? let's bring in marjorie patel

and doug mckay, president and chief investment officer with broadleaf partners maggie, why don't you go first the market seems to have calmed itself over the weekend. how do you explain that and what does it tell you that we ought to be doing with our money >> well, any setback we have in the market is going to be small. i don't think we've seen that 10% correction that we'd all like to see as investors and the economy is going to continue growing forward because the fed is going to be out of the way and that says to me it's a good time to put money in. >> it seems like the market has been calm in terms of volatility but to lurch from one to the

other, it's internal white house problems and then a conflict with north korea and now it's domestic violence and the response there, too. so is the market simply climbing that wall of worry and has that wall of worry gotten steeper or has it leveled out >> we haven't had a correction in quite some time the reality is no one can tell you when we're in a low-growth environment. i recently have become a kayaker and i realized the best strategy in kayaking is often not to paddle too much. let the current or the trends carry you along the way and ignore the noise of the political gaffes and ups and downs of the economy and just let the trends, the current do much of the work i think investors would be much happier psychologically.

>> i've also kayaked and officially flipped the kayak over because the currents got too strong. >> right. >> there is a story today about whether ftfs are skewing the market because past investing is pushing everybody in the same direction, down that river that you're talking about do you worry that all of this passive money coming in is going to skew us because eventually there may be a waterfall at the end of the river. >> right it's kind of like the pilots in a plane or the o.b.s in a birthing room. artificial intelligence is being handled to themselves and we're in a period of time where the experts are still needed and you still have to be aware but as far as the etf phenomena, i've heard that that has called the vix to be low. that may be the case but the question is what are these people going to do when volatility doesn't spike up.

i heard an amazing statistic and i don't know that you can point to that being positive or negative and i'm talking about investing in things that have long-term sustainability and stick with the trends >> marjorie, if i want to be a little defensive in the market today and/or i want to get income out of my investments, where would you have me look >> well, ironically, i think technology provides a lot of that we think of that as being a volatile sector but many tech names have dividend yields and very high cash flow to increase their dividends and still have a growth cycle that looks as if it's going to be a few years and i think actually very counterintuitive, energy may be very interesting and it's very controversial and not a well-liked sector and there's a lot of debate over whether oil prices will go down forever and whether supply and demand is

coming within balance. i would say the negatives are in there. there's room for capital appreciation and those names have attractive dividends. >> folks, thank you very much. >> thank you. netflix snagging one of tv's most successful producers away from abc the mega multi-year deal is it going to pay off for netflix? the latest in the battle for content and talent next on "power lunch." so you miss the big city? i don't miss much... definitely not the traffic. excuse me, doctor... the genomic data came in. thank you. you can do that kind of analysis? yeah, watson. i can quickly analyze millions of clinical and scientific reports to help you tailor treatment options for the patient's genomic profile. you can do that?

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one of tv's most successful producer is signing a multi-year deal with netflix. julia boorstin has the latest. julia? >> reporter: well, signing shonda rhimes will bring their new shows to netflix while their hits will continue to air on abc. this is just the latest in a slew of big names netflix has signed, including david letterman and the cohn brothers. after last week, disney announced it's pulling films for

netflix to create its own streaming service. that pushed netflix shares down 5% last week now, rick moran says that the network will continue to benefit from shondaland. it will be an important part of abc studios and we wish them all the best in this new endeavor. there's a concern of lack of ownership over the hits, including "house of cards" is critical of a cover story calling netflix a hit renter, not a hit owner, warning that the stock could fall by more than half by 2020. netflix offers creative freedom. no limits of a broadcast schedule or episode orders we'll have to see how that and netflix's deep pockets draws even bigger tv names. >> julia, thank you. for more on what this means, let's bring in andy hargraves.

what do you think of this hire does it move the needle for you and what do you think it means >> it's a great hire i think we're seeing a talent rush right now for the top 1%, call it, of writers and creators in hollywood and it's good to get your fair share of that. i guess that's a positive. in the grand scheme of things, though, i don't think it means all that much for netflix. the beauty of the distribution model is because of their scale. you can dominate demand and really provide a huge channel for any supplier and find your hits rather than being forced to make them. >> does it play into the explicit freedom that they're going to have to spend a ton of money, negative free cash flow as long as the eye can see, how much longer does the investor put up with that >> well, as long as it keeps working, we put up with it it's sort of ironic in a way

they criticized netflix for renting and not owning, and the negative cash flow comes from the transition of not owning you have to fund the production budgets. they're very quickly moving to an ownership model and what we're seeing as bullish investors is that there is real value in the distribution, the scale of the demand that they are able to drive and owning that supply is a good thing. >> netflix in the past has proved that they can be pretty nimble when they see industry changes coming they used to be a company that delivered cds by mail to your home and then pivoted and became the ultimate streaming competitor but now they have another, it seems to me, kind of two-front war that they're going to fight against the content creators, whether it's disney or fox or anybody else. how are they positioned and what are they going to do to fight back against those companies that aren't maybe going to be as cooperative with them as they were in the past and want to own

their own streaming path into the home >> yeah. well, that's the advantage of the subscriber base that they already have the reality is, content wants to get sold it's made to fetch the highest price and that's the reality of the market and netflix, by virtue of the scale that they have and the global subscriber base is able to pay high prices so, yes, you're going to see some people make the strategic decision to pull back content from netflix but they are also able to source globally, produce themselves and that offsets it. >> will netflix have to raise prices >> will they have to they probably could go without but i think they will. >> price increases, they have been met with outcry but have they been met with subscriber defections >> it doesn't seem like it the subscriber number has increased for the last five years. people are finding quite a bit

of value in the service. >> thanks, andy. >> thanks for having me. still ahead, it may matter to washington and the business community, but new numbers out suggest regular americans may not care all that much about tax reform we'll give you the details ahead. adults are just kids with much, much better toys. the c-class sedan, coupe and cabriolet. the thrills keep getting better. lease the c300 sedan for $399 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing.

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elan h ylan has the latest for us. ylan >> reporter: the percentage of americans who feel they are paying too much in taxes has dropped over the past year from 57 to just 51% now, compare that to the 1980s, the last time we had major tax reform, and 60% of americans were unhappy with their taxes back then. the other messaging problem republicans have is people's biggest frustration with the tax system is that businesses aren't paying enough. not that they're paying too much 80% of households surveyed by the research center says this really bothers them. that could be why there's not much support are to the white house tax plan a poll showed that a majority think that it's, quote, a bad idea, to lower the corporate rate to 15%. what you're seeing republicans do instead is try to frame tax reform as a boost to the middle class. this ad from the american

national network, he talks about how the uncompetitive tax code forced his company to move overseas the implication here is that fixing the tax code will help bring back those jobs. it's a heavy lift if you have to convince the public first of the problem before you can find a solution back over to you. >> ylan, thank you very much see you soon. on deck, a story you've got to hear, especially if you're worried that your health insurance company may be spying on you up next, we'll talk about secret talks between aetna and apple. first, sue herera with a cnbc update. sue? >> thank you, brian. here's what is happening at this hour, everyone at a news conference in seoul, joints chief of staff dunsford reassuring people in south korea and japan that the u.s. can protect them from north korea. >> based on the projected capacity that north korea possesses today, we can protect the peninsula and we can protect

guam and hawaii and the continental united states. >> 155 firefighters in riverside, california, battling a brush fire the 1,000-acre fire forcing nearby residents to evacuate and then a drop in temperatures and winds help fire crews gain ground on the wildfire and the evacuation was lifted. and check out this footage it's a rare white moose in sweden and it's gone viral. the bbc says there are only about 100 white moose in the country. they are not albino. they grow white fur from a gene mutation at tlmost doesn't look real. th'she news update at this hour "power lunch" back in two minutes time

welcome back to "power lunch. there's a battle between benchmark and uber which continues to play out in uber with benchmark writing to its 15,000 employees saying that it's easy to reduce the situation to a battle of

personalities but this isn't about benchmark versus travel. it's about ensuring that uber can reach its full potential as a company. travis' failure to make good on his promise as well as his continued involvement in the day-to-day running of the company has created a conflict for everybody. back over to you. >> thank you, deidra aeamon javers has a news alert s well >> we have a comment from the ceo of dow saying that he's going to stay on that council. he says, "i condemn the violence in charlottesville, virginia, and my thoughts and prayers are with those who lost loved ones and with the people of virginia. dow will continue to work and strengthen the economic fabric of the communities where it operates, including supporting the policies that help create employment opportunities in manufacturing and rebuild the american fork workforce.

joining jeff immelt, the chairman of the general electric, who was also going to stay on after issuing that statement, neither man following the lead of ken frazier of merck who resigned this morning and received a stern rebuke from the president of the united states for doing so we'll wait to see what other ceos decide throughout the day but in board rooms and pr shops, there are a lot of executives wrestling with what to say and how to handle this issue here today. >> yeah. certainly when mr. frazier did that for merck, especially the ones on the manufacturing council, whether they were going to do the same it's forced them to ask this question. >> that's right. >> thanks, eamon >> thank you. the city of charlottesville is still reeling from the past activities over the weekend.

joining us now on the lawn where some of the protesters marched, larry, you and i were in starl starl together in the 1970s when there was concern over the display of the confederate flag and other things and my question for you, with new students coming in on friday and saturday and the new term starting next week, i don't know whether you're teaching, whether you were or you weren't, how would you change your first lecture in light of what has just transpired >> i won't change it at all. i may work in something before or after but i have to stick to the curricular matter. we have a lot of students -- it's different when we were here we showed up five minutes before class started and now they come weeks early. they seem to enjoy the party

scene but also an early academic program. i've got to tell you, i've been around here, as you know, for 47 years in one capacity or another. i have never in my life see anything more disturbing than i witnessed right in front of my pavilion on the lawn on friday evening with hundreds of these jack-booted thugs and there's no other way to put it, marching and chanting racist and anti-semitic and nazi logans, with their torches, 2 by 2 they were better organized than our graduation lines, i can tell you that much. students who were there on the lawn for their very first day, they had just moved in, were frightened they were angry and frightened and we tried to protect them as best we could. but this really has shocked us i think we have frayed nerves in

a lot of ways, we're all exhausted because we've been dealing with this constantly since friday i would simply say to those who don't think it's a big thing, you weren't there. and if you had been there and you had witnessed this, and it wasn't on and on and on, hundreds of them, you would feel as strongly as we do about it. >> let me turn to a broader question about it, brian michelle and i were talking about earlier today, the complex history of the american south. there are monument and memorials to confederate war heroes in many, many cities. there are streets and parks named after robert e. lee. in my own hometown of arlington, lee highway. how does this complex history play out when, in many ways, it can wound so deeply.

what's going to happen to leesburg, virginia are they going to change its name >> tyler, that has plagued us really since the founding of the republic slavery, civil war, reconstruction, jim crow, the civil rights movement. you know, this has been with us for our entire history and it is a difficult process and i think it has to be worked out by each locality, taking into account their individual needs you know, you and i come from the university of virginia, founded by thomas jefferson. i'm not going to pretend to be neutral about mr. jefferson. i wouldn't have a job if it weren't for mr. jefferson. >> but he owned slave holders? >> but he himself is a controversial guy. >> yes. >> who even this year there's been talk about, hey, let's basically take jefferson out of the bibly og gra fee, if i can put it that way. >> well, we're not going to do

it the president was clear about that. >> yes, the president was clear about that. >> the question is, how far do you go thomas jefferson, founder of uva and also an owner of slaves. it's a really hard question. >> look, the way i look at it, thomas jefferson was a slave owner, i deeply regret it. he should have known better. he did know better but he wanted a political career and wasn't about to challenge it. but tyler, the author of "the declaration of independence," president two terms, earlier than that, secretary of state, vice president, the louisiana purchase, i think that counts big time you put all of that together and i think it greatly outweighs his sins, as serious as they were. robert e. lee, you talk to people who studied robert e. lee, they almost unanimously praise him as an individual, as a person but these things take on

symbolism beyond the individual. and as you mentioned, you and i were there when we banned the confederate flag from the football stadium >> correct. >> why because we were desperately trying to get more students and fact kul faculty to come. we needed to do it we needed to think about the sensibilities. we're going to have to weigh the history, the emotions and also the needs of each local community in deciding what is the best thing to do for each place. >> so, really, what i hear you say is that the conversation, that conversation about the history and whose statue appears where is a legitimate conversation to have where it turns troublesome, maybe illegitimate, is when that conversation is hijacked by the speakers of hate, whether they

are kkk, which is a domestic terror group, as far as i can tell, or far right-wing white supremacists it's where that discussion, a legitimate one, is comandered for other agendas where you have to draw a very sharp line and distinction between what can be a legitimate discussion over the history -- the complex history of the american south and the hateful agendas of those individuals. >> i agree with every word you've just uttered, tyler, and i love the fact that you used com co commandeered these are micro issues that they can blow up into major, emotional confrontations, reaching into the deepest parts of human beings and they get

headlines all over the world they are thrilled today. they are being talked about everywhere and that's the problem >> final question, larry it has been a difficult decade for charlottesville and the university of virginia two co-eds murdered, a fake rape scandal at -- >> "rolling stone." >> the "rolling stone" scandal a president of the university who was forced to resign and then unresigned it's been a tough time what has the damage been to the image of charlottesville as an ide ide ideal ideal lick place >> we continue to break records in terms of the number of high school students who apply for admission. we'd almost welcome a decline because it's so difficult to pick that entering class and charlottesville gets bigger

each year because more and more people retire here again, i'd kind of welcome the fact that they may go somewhere else but that's not going to happen it is ideal liic 90% of the time >> will you loosen the standards for my 7-year-old? >> we'll see what we can do, tyler. >> he's 7 years away so 2014 or 2024. >> i may be dead by then i'm 65 so don't count on anything. >> good to see you, larry. thank you. >> thank you. breaking news, apple and aetna have reportedly held secret meetings to bring the apple watch to millions of aetna customers. christina farr, are they trying

to figure out how many steps we're taking or how long we're sleeping >> yes we've heard from sources late last week that apple and senior leaders met in southern california the topic of discussion was apple watch. so the idea is, it's a lot cheaper to treat people when they're still relatively healthy than when they get sick and could we use the apple watch on aetna's members as a way to track them over time already we've seen apple and aetna partner. currently aetna offers an apple watch to its 50,000 employees but this, as a next step, could be a big boom because it's 23 million members. >> inevitably, though, it raises questions that brian just did, right? do you want the insurance company knowing all of this about you and, therefore, adjusting the premiums based on what they are seeing >> you're not walking. >> your heart rate is -- >> get out of the chair.

>> yeah. certainly it raises some questions around privacy and security how much do we want our employer, our health insurer to know about how much walking every day, our heart rate and other health metrics that apple already offers through the watch. that's certainly going to be a topic that apple needs to discuss in the coming months as we hear more about this partnership. we could see this being a break in strategy for apple. >> great story, great reporting, christina. we appreciate it it's up on cnbc.com. thank you very much. appreciate that. >> thanks for having me. here's my advice, everybody. if you have a dog for the last hour of the day, put the watch on your dog's leg. 25,000 step as day healthiest man dog in america. he's best known for playing cliff claven on cheers it's what he's done as a businessman since then that you hnn raise a glass to jo joins us next in the

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the next guest is known as the know it all but loveable cliff from cheers, but he's also the only actor to voice a character in every single pixar movie. and he's also a big opponent of made in america and here toll us about his latest adventure, gift box.com. we were going through some really cool trivia in the break. john, thanks for coming on >> thank you good luck on your trip to ireland. >> thank you, lad. we have this gift boxes.com, let's show them off, they are for moms, you have the fishing gift box, specialty gift boxes is everything in those boxes or most things made in the united

states >> yeah, especially the food stuff. anything with the pets, any food, that is all made in america. every other product we take great pains -- >> you do the best we can. >> yeah. >> because it's not allege possible we've been talking about that, a lot of made in america stuff and statement you ju sometimes you just conditions. >> well, up until about 1961 you could, but it all changed.ditio. >> well, up until about 1961 you could, but it all changed. >> how is it that john ratzenberger ended up with a gift box company >> well, i used to play a post dl democratic m man on tv so i have to keep them in work. >> so i need a gift for mom so i go to your site? >> you can do it for uncle stan in february, for your mother, your aunt. >> how much do they cost >> anywhere from $9.99 to $45.

but also the beauty of this platform is that you can change categories anytime you want. so you gethe fishing gear box for uncle ed maybe he wants to take up golf, so he can switch halfway through the year or next month if he's tired of the fishing stuff. >> are the gifts in each of the boxes standardized or can i tweak it a bit is the mom gift box always the same mom gift box or does it change can i special order stuff? >> well, eventually you'd be able to special order stuff. right now, you will -- >> standardized. >> it's standardized every month. >> did you get investor capital? have you started a business befo before. >> are you okay? >> yeah, the chairs have broken before

not the worst thing that has happened >> well, we're in the investor stage now. hoping to go public before the end of the year. >> really? >> yeah. >> do you have enough revenue do that >> well, let's see what i got on my know. hopefully wel will. that's why we're talking to the bankers and such but it's such a large marketplace. the people that amazon put out of work, these are the people we embrace. >> do you think amazon has put people out of work >> well, if you work for certain companies, yeah, any shopping center, you know, there is a lot of empty shopping centers. >> on a more serious note, you are the son of a truck driver. >> i am. >> you grew up probably lower middle class at best in bridgeport >> we didn't think it was a big deem to have holes in the bottom of your shoes. just put a piece of card gourd in gourdboard in there. >> so is globalization positive or negative? >> i think it's premature.

i think it's too early for everybody to hold hands like a coke com ca-cola commercial we eat differently, we have different outlooks on what life is about it will happen naturally, but we shouldn't try to force it. >> so what is the name of the box business so that people can go on? >> the gift box.com. >> is that the only way i can buy these gift boxes or do you sell them dlu oththrough other retailers including walmart, amazon >> well, there is a retailer that is at 450 locations now that we are talking to and i just found out before i came on the air that they don't want their name mentioned just jet. but there will be brick and mortar s, too. >> the gift box.com. >> and if there is a company that wants to join our parade,

just go to john at the gift box.com. >> oh, everybody will e-mail you now. all your fans. >> a tough spam filter i'm sure. >> go to their website >> john ratzenberger, a fantastic pleasure >> that's it, it's over? >> listen, this is not a 22 minute episode >> where we sit at the bar and crack jokes? >> whatever happened to that -- did he he ever get back with vera >> we just had dinner together the other day. >> did you really? >> yeah. >> john, a real pleasure >> thank you >> come back anytime >> home depot, target, walmart, a big week of retail earnings ahead. a look at what is inside for the sector coming up

women cokco welcome to the second hour of the "power lunch."

the battle within. president seeming to alienate his own party more and more following his comments after the tragedy in charlottesville we'll look at the fallout. plus, the tech turnaround. after post its third worst week of the year, nasdaq is on a tear today. is the rally back on plus your shopping bag it's another big week of earnings a preview straight ahead "power lunch" starts right now let's get a check on the markets. s&p having its best day since april. there you see it, up more than 1% all of the s&p sectors moving higher with tech and financials leading the way. the dow now positive for the month once again right now higher by 146 points s&p by more than 1% at 2466. nasdaq up 1.2%, 81 points.

chip stocks leadings gains with amd, mike kron, invidia the top performers health care also outperforming with only three names in that sector in the red. and the bank etfs now on pace for their best day since early june >> president trump speaking a short time ago at the white house denouncing the ku klux klan and end zones after merck ceo quits the manufacturing council saying in part a ceo of merck and as a per of personal conscience, i feel a personal responsibility to take a stand against extremism. the president responded now that k frazier has resigned, he will more time to lower rip-off drug prices the final four words being amone and that hasn't dissuade ge? >> reporter: that's right. we're seeing a couple ceos

suggest that they will stay on the council even though ken frazier says that he is leaving from merck in the wake of the president's handling of the racist violence in similar lotville, virginia the president taking the opportunity here at the white house do a bit of a doover to his comments on saturday in which he is now explicitly talking about the kkk, white national it'ses, neo-nazis and the like denouncing them and he said he has a message for those groups here is the president. >> to anyone who acted criminally in this weekend's racist violence, you will be held fully accountable justice will be delivered. as i said on saturday, we condemn in the strongest possible terms this egregious hatred, bigotry and violence it has no place in america >> we saw that back and forth with ken frazier that you mentioned in terms of the

president's tweet and ken frazier's at the same time and jeff emelt says he will stay on the council he says ge has no tolerance for hate, bigotry and racism and we strongly condemn the violent extremism. jeff emelt will stay on the council while chairman of the general electric and also from the dow, i condemn the violence in charlottesville. dow will continue to work to strengthen the social and economic fabric of the communities where it operates including supporting policies that help create employment opportunities in manufacturing and rebuild the american workforce. so the dowexpl explicitly saying that he will stand on the manufacturing clown still, but the last clause suggesting that that is what he will do. we've reached out to dow just to clear up that point of whether or not he is actually staying on, but it seems from the statement that that is what he

intends. >> all right, thank you very much here to discuss what is next for the trump agenda are ron christy, former special assistant to george w. bush, sarah fagan, and joe watkins it's a bush reunion, folks thanks for joining us. ron, the president left his golf course and took a mulligan today, right >> i think he did. >> was it good enough? >> i don't think it was good enough look, i think all three of us are veterans of the white house and you understand really the importance of the severity of the words that the president of the united states. as events unfolded in charlottesville, i didn't think the president's reaction was strong enough. it wasn't swift enough and while he said the right things today, strong words need to be backed up by strong deeds. and i think in the hours and days to come will the words match the deeds necessary to ensure that we don't have another incident like in this in our future >> he instigated a civil rights

investigation at the justice department that is one deed or step that he has taken. sarah, before all of this broke over the weekend, the president had been quarreling with the senate majority leader in the past he's quarreled with paul ryan and others in congress. what does that foretell if anything about his ability to shepherd through congress legislation that is important to him like on taxes, like on the budget, like with infrastructure >> well, i think it was the single dumb eithest thing donald trump has done is to go after mitch mcconnell and then continue go after him. the reality is he needs the senate majority leader to get his tax reform package through he had a failure on health care. senate had a failure all republicans did. but now they have moved to tax reform and picking a fight with the single most important person in passing your agenda to me was

really like i said, the dumbest thing he's done in the white house. >> but joe, the president did have a point, didn't he, i mean the republicans have had a long time to come up with a plan on health care and they weren't able to coalesce around anyone this is what boehner said exactly was going to happen, they weren't going to get it done because they there wasn't enough of a coalition retrospece gone after tax reform or tax cuts first because that is where they have more agreement >> well, hindsight is always 20/20 in a perfect world they would have gone after tax reform if they knew that they had the votes to get it passed, at least to be able to notch a victory to say that we were able to get something done that would have been a good thing to say as opposed to where we stand now where health care has not gone well, there is nothing to show for health care

effort so far on either the house or senate side and now we're hoping that there is going to be something with regards to tax reform. so in a perfect world, it would have started with tax he reform first. >> is trump alienating the gop? first. >> is trump alienating the gop?m first. >> is trump alienating the gop? first. >> is trump alienating the gop >> yeah. remember 2018 is the year of re-election for every member of the house of representatives, for many members of the united states senate and for governors as well. many governors as well who are republicans. they don't want to be standing by too slow of a response of an overt act of racism like the one that took place in charlottesville. the statement president trump made today should have come last saturday and it should have come with heart in the same strong terms that he talks about north korea or the strong terms that he has used against senator mitch mcconnell and other people with whom he's angry he should have used those kind of terms on saturday

>> sorry to jump in, but ron christy, is there any upside to supporting the president here for gop member up for election in 2018 or is the best thing they can do just sort of keep their heads down and start their own campaigning? >> i think it really depends on the district that you represent. if you represent something in suburban philadelphia, new york city, upstate new york, i think that you will find 240those memr distancing themselves from this president. as joe said, his response was not quick enough, not swift enough, no the strot strong eno. and i think a lot of people are losing hearts by the actions this president has been undertaking. >> is that sounds so congressional gop wisdom i think about to kelly ayotte who thought that was wait to go and i wonder if we are all part of the establishment and maybe ron is wrong on that point with all due respect, ron >> well, if you look at the polling, donald trump's base has

remained very strong with him. and so you think about a midterm election and you have lower turnout, it tends hob old s to r and whiter, those are the most strongly with donald trump i think a number of of congressmen will benefit from being with donald trump, but i do xwagree with ron that some o those independents in suburban america have started to write the president off in part of the way that he's handled by this shar charlottesville situation. >> the president said businesses are more optimistic than ever before it does seem like businesses are more optimistic. how however would you characterize the relationship between american business leaders large corporate guys and women is who i'm mosley think of

it and the white house do they embrace him?tley think of it and the white house? do they embrace him?y think of it and the white house do they embrace him? >> i think they are studying his actions and obviously they are concerned about where his heart is they know that from the standpoint of policy he's saying all the right things i mean, lower taxes, lower regulation, trying to create a climate where people can be put back to work these are all things that people in big businesses and small businesses want to hear and he's saying those things. but he has to work harder i think to create are a. relationship with them where they trust him >> is the xwop's best hope the fact that the democrats seem to be in greater disarray >> yeah, it's a great point. and they are there is no heir apparently in the democratic party and while they have had some good recruits for the 2018 cycle, they are a long way off from getting to that magic number in the house of representatives to take vo control of it.

and never the same problem that republicans had just a few sick kell cycles ago is that their left is very far to the left and the twosickkell cycles ago is tt their left is very far to the left and the two sides of the party don't seem like they will ever come together and republicans are about six years ahead of the democrats on that >> all right good to have you all together. appreciate it. the bulls are back in charge and stock market tech stocks picking up today the nasdaq up more than 1% that follows last week's drop for the sector so is the tech trade and the rally still intact let's bring in chief investment office with bemo private bank and also 150e7bor portfolio manager from matrix asset advisors jack, it was all about north korea, it was about fear, it was about the market rally finally rolling over what happened today? >> yeah, i think it rolled back on some rhetoric cooler heads prevailing. we did see even the reaction that hurst when the market did

plunge, we saw a few strange things.dollar normally would rally in global tension. it didn't. gold would have been higher. and it moved up but not that much and interest rates probably would have dropped a bit more. so i think that there was some concern, but i wouldn't call it whole hearted concern. >> but the risk is still there what exactly has changed besides the fact that perhaps the awful stuff in charlottesville took our attention away from north korea for a few i days >> i think that is part it and the other is that in many yourselves the ball is now in north korea's court. i think what we're hearing over the weekend from the administration is they want to get china engaged, they think that they're pretty of the linchpin in this whole thing there is absolutely i'm sure investors believe there is no chance of a diplomatic direct solution between u.s. and north

korea. so we need to engage china and we're hopeful for the best so i think that all in all if you also look between last week and this, the underpinnings of the fundamentals are pretty solid. we have very strong earnings results that investors ignored because of this news and i think that perhaps now they are beginning to look back at those fundamentals once again. >> so jordan, what do i do with my money between now and year end? where do i put to work >> well, we do think that one of the interesting things that happened over the course of the earnings season which is just about over is that even companies that had good earnings and good guidance, a gum good n of those performed poorly post earnings report. so between the market being relatively high levels in general, only some of these companies that have had good results having sold off, we think that created some compelling opportunities across a number of different

industries >> where enumera enumerate. >> met life just separated off and that created upheaval. but the business will be better new than it was. and actually reported a pretty good quarter another company is goingogle stocks held off significantly 37 and the whole if a noom arouphe the fangs has encompassed them and we do like industrial company eaton corp, very solid growing nicely, probably 10% a year for the next couple years good cash generation and rewarding shareholders with a 3.5% dividends >> jordan, jack, thank you very much we'll leave it there and go to deidre with breaking news. a google spokesperson just telling cnbc, quote, we are

canceling daily stormers registration with google demands for violating our terms of service. now, this is the neo-nazi website daily stormer, it moved its registration to google just a few hours ago and this is after godaddy yesterday said that it would kick them off its platform after it attacked the woman who was killed in charlottesville. sometimes these big tech companies are having to figure out what they are doing to allow free speech versus hate speech a number of other sites are popping up on the so-called alt-right. users are taking it into their own hands. but as far as the daily storm is concerned, it is off godaddy and now off google domain. back to you. >> so do you become an orphan website that can't get anybody to actually list or host your spot, how do you distribute your

message. >> that's a very good question and you call this sort of shadow silicon valley, but there are sites popping up, they don't have a huge amount of traction right now, but there are whole manuals online about where you should go to protect your identity and get the hate speech online if you want to, but you have to go to websites that are certainly not google or godaddy. >> or maybe find a place outside of the country, too. >> all right thank you very much. here's what is coming up for the remainder of our second hour, it's been a tough ride for retail can this week's earnings reports turn that around everything you need to know. president trump planning to sign an executive order going after china on intellectual property will that make it harder to get their cooperation on north korea? all that and much more coming up

wi

merck ceo quitting a presidential advisory group citing a responsibility to take a stance again intolerance it's not the first time he's taken a stand. >> and the pharmaceutical industry has been heaeeen hesit political fray ken frazier has remained laser

focused on the issues that matter specifically to his company. frazier's background is in litigation and it's in this rein a where he's spoken out on issues of justice and inequality before, he led a team of volunteer lawyers in exonerating a wrongly accused man in alabama who spent 19 years on death row. the man's name was bo cochran. he was a black man accused of the shooting death of a white grocery store owner near birmingham frazier's team was able to prove clear racial discrimination and after five years won the man a new trial. it took that jury less than an hour to acquit him since then, he's spoken out get penalty and the way the criminal justice system treats the poor and while the move today may have been unusual, it was cheered by some including by current reagain he ron chairman who said that kevin is driven by a strong sense of morality in everything that he does.

more on cnbc.com >> thank you very much after the merck statement, the president retaliated on twitter going after phrase grower what he calls, quote, rip-off drug prices. is merck known as a company that is criticized often for its drug prices is it? >> well, it the criticized along with the rest of the industry, but certainly not an outlird in terms of drug pricing. they say new valiant doesn't do that price gouging merck does charge thousands a month for its newest cancer medicines, but is that the not unusual in the industry. and as all the industry is being put on the industry, they can d. come out with a report showing their average price increases over the years so they are certainly not one of the companies that would be an easy target for the president to go after >> all right meg, thanks. >> for the second time coming up, the miracle putt

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$70 billion. i was reading an in-video analyst that says you need a fast chip and so invidia's benefiting by hundreds of millions of dollars people buying chips so they can do this >> and also esports un600% in the past year. let's go to morgan brennan with a market flash >> so take a look at herbalife and the other multi-level marketing companies. they are all down at least 6% in afternoon trade. herbalife down nearly 7%, new skin down 7 abo.5%. unclear what is driving this action to the down side in these names. we will bring you those headlines as we round them up, but again, herbalife, new skin and usana all trading lower. a huge week for retail earnings and are these make or break

results? plus an inside look at the financials of venezuela's main oil company and what it means for the chaos the.er "power lunch" will be right back because, when you really, really want to be there, but you can't. at cognizant, we're helping today's leading media companies create more immersive ways to experience entertainment with new digital systems and technologies. get ready, because we're helping leading companies see it- and see it through-with digital.

. i'm sue herera here is your cnbc news update. in a statement from the diplomatic reception room in the white house, president trump named and condemned hate groups as repugnant and declared racism is evil in a more forceful statement on the deadly clashes in charlottesville >> racism is evil. and those who cause violence in its name are criminals and thugs. including the kkk, neo-nazis, white supremacists and other hate groups that are repugnant to everything we hold dear s americans. overseas, tourists don't seem to be deterred from guam. it has a population of 160,000, but it attracted 1.5 million visitors last year one third of guam's jobs are in the tourism industry and spacex launched the

falcon 9 rocket from cape canaveral this afternoon that rocket will deliver a capsule full of supplies and experiments for the astronauts on the international space station. that is the news update this hour ty, back to on you the oil market closing for the day, so that means let's check in with jackie deangelis.u the oil market closing for the day, so that means let's check in with jackie deangelis.. the oil market closing for the day, so that means let's check in with jackie deangelis.u the oil market closing for the day, so that means let's check in with jackie deangelis >> crude prices dropping about 2.5% on the session trading near session lows right at the close. there is still support that a relatively weaker dollar is part of the picture, but not no clear catalyst to take us over the $50 mark a couple unofficial meetings recently, but no conclusions on what will come next from the cartel whose compliance rate of course on that production cut has slipped. inventories will be in focus, a build last week was bare riish.

gas prices have risen on the back of crude running up near 50 lumberg survey has them up 8 cents in the last tlooeg three we three weeks. national average 23 cents higher than this time last year and speaking of oil, venezuela's oil company finally released their overdue financials late friday night results are horrific they claim they sold $42 billion worth of oim lal last year and e only $828 million. margins like that, who need sprs markets? those profits down from the more than 7 billion in profits last year a decline of nearly 90%. the company says that it has found fraud in the procurement process. and then add to all that we also learned that centering company rossneff has given benefits of $6 billion since 2014. those cash injections are labeled as prepayment for oil

that rosneft will receive in the future but slowly but surely, they have been giving rosneft ownership stakes in the oilfields instead and now they have company lat ri collateralized, meaning if they default, a russian government owned company could lay claim to u.s. based refining assets for more on how bad these numbers are, let's bring in managing partner at caracas capital markets. good to have you here. >> thank you for having me >> you wrote a note to clients over the weekend that the numbers were from the land evof narnia what do you mean >> they were difficult to believe and even more difficult to swallow i've never seen an auditor and n. all my years of 35 years of reading financial notes put 7 pages of caveats it almost reads like a he

said/she said kind of 7 page introductions. >> are they things that are false? and if yes, give me an example >> yes is the short answer and everyone the auditor in several of their statements say that they couldn't justify this or they didn't necessarily agree with their quotes for asset deterioration. and they even said as bad as these numbers are, they may be worse because there are fraud investigations on for example in texas, two americans have been convicted for a billion dollars scam that went on with venezuela already. >> what happens if pdvsa goes bust and they don't have the capital to operate >> well, they can always operate because they don't use dollars they use their own monopoly money. >> but would they need employees? and if they aren't being paid, rbts bei aren't being fed, conditions

fi can't find house something. >> it's already that bad average wage for people is $25 a month. $25 a month. not an hour or day >> but in the vein of if they were to go bust, if they couldn't pay for example some of these loans to russia for example with 49.9% of a sit coe citco refineries here in the u.s., they would never allow it, is it? >> no. secretary move wnuchin was alrey asked swellings senator rubio and the house to call for an investigation. and he agreed that they would have one so it would be unlikely that they would ever be able to take that asset >> have we heard from the us government on this, are they nervous about russians owning

veb way venezuelan oilfields >> very much so i think that the first up their nose case was when we broke the story back in december that pdvas had basically mortgaged ci it chlt citgo to the russians, responsible for 5% of gasoline supplies in the u.s. >> pretty incredible russ dug up that lean document from delaware which helped the world know about this situation. thanks, russ >> thank you breaking now, more ceos from some of the president's council speaking out following the events in iman jobber s [ gee in [. >> reporter: that's right. here is a statement from steven

schwartz man saying bigotry, hate tread and extremism are an affront to core american values and have no place in it country. i am deeply saddened and troubled by the tragic events in charlottesville. as the president said, we need to find a path forward to heal the wounds and address its understand lying causes. encouraging tolerance and understanding must be a core national imperative and i will work to further that goal. michael dell saying while we wouldn't comment on any members personal decision, there is no change in dell engaging with the trump administration and governments around the world to share our perspective on policy issues that affect our company, customers and employees. so two more ceos saying they are staying with the president on his manufacturing advisory council. the other technology and ceo councils that are here at the white house. back to you. thanks so much big week of retail earnings kicking off tomorrow with home depot, target on wednesday and

walmart on thursday. courtney has a preview >> so last week it was some of the higher end brands in the beginning, this week it's a broader mix. you mksentioned home depot. there is also coach, ross stores specialty players like urban outfitters, began and dick's and still to come. and the world's largest retailer is expected to see comparable sales grow nearly 2% that would mark nine straight quarters of gains for walmart. analysts like the strides that walmart has made in e-commerce both organically and through recent acquisitions, plus those innovative way that the discounter is using its network of nearly 4700 u.s. stores and e-commerce together. the online sales growth continues to be another important 34e9 trick fometric fs it was 63% last quarter. target narrowed either forecast

to the upper end of the previous guidance in july saying it was because of a lift of n. traffic in the first two months. but food continues to be a weaker area. and that is an issue because it's a repeat traffic driver and target also announced that it acquired grand junction, a transportation technology company that will help target with its same day delivery so it communicates with 700 carriers and is working on same day delivery pilots in new york. so a little quieter of an acquisition, but something of note >> especially if amazon prime is -- >> certainly and we talk about walmart acquisitions so this is a smaller one not a company that we know a lot about, but we talk about the delivery wars. >> i thought you were talking about the city in colorado thank you very much. on deck, why one well-known stock is on the ridrise despitew

hunlg funds dumping it

snap shares sinking to a new all time low and then bouncing back it is up thousanow about %.

julia boorstin following the story from l.a >> reporter: market watchers think today's reverse shal is due to short coverage. now at a three month low snap's gains today come despite the news friday that third point and temasek dissolved its stake in snap. and today the lock july expires on a estimated 782 million shares held by employees, that is nearly four times the number of shares in snap's ipo. about three quarters are own onned by executives and other affiliates and no individual can sell horn 1% of outstanding shares of the class of stock they are selling. and co-founders announced that they would not sell any of their shares this year jpmorgan saying that should,

quote, help alleviate some near term concerns around the lockup. it does leave though 182 million shares held by other employees koorn according to jpmorgan that are unlocking today. for comparison, facebook and twitter both hit their bottom in the day after their lockup expiration so certainly an interesting day to watch this stock bouncing around >> certainly it. thank you very much. let's stay on snapchat and figure out where it may be heading down the road. when you look at the charts, where do you see snapchat's future lying >> it's interesting. stock comes public at 17, rallies to 30, has been making nothing but a series of lower lows and lower highs since at this point in time when you look at the chart that i brought, it will take a close above about 13 to reverse a little bit of the short term down trend longer term, you need a close above about 15, 16 to reverse that down trend and i think at this point in time with the high

short interest that julia mentioned, that we probably have a little bit of a relief rally but it will take a close above 15 our 16. i would mention that fundamentally one of the top analysts at piper still has neutral rating on this stock because there is a longer term pretty serious structural issues for this company which i'm sure boris will touch on next >> and boris, can you touch on those long term structural issues, please >> well, facebook is copy catting everything that snap does and snap is betting on augmented reality as its escape clause but i think that won't be enough facebook will copycat that function as well but i do think there is an existential threat to anybody who wants to short the stock which is a dwreefr by google or disney pnd and because snap as weak as it is is still the only viable social platform that google can take out and then participate in display advertising. between the two of them, google and facebook have 20% of the

advertising budget and the battle is about capturing more of those advertising dollars going forward. so i think the whole point of i would really not be short snap right now simply because of that potential m&a risk they could subsidize it for years to come. >> all right boris, craig, looking at snapchat, snap, whatever you want to call it. thank you. let's go to trading nation.cnbc.com for two additional segments every day. president trump set to sign an executive order going after china on intellectual property is this going to hurt the president's effort to get the chinese to cooperate on north korea? plus james damore author of that controversial memo coming up

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in less than ten minutes, the president is expected to sign a memorandum calling for an investigation into china's trade practices, specifically the theft of u.s. intellectual property china's state media out blasting the probe saying it will poison trade relations. joining us now to discuss is meredith sumpter with eurasia group. good to have you here. >> thanks for having me. i think things like steel dumping are very intuitive to people, and people are very aware of the accusations that the military of china has been conducting theft via cyberspace for intellectual property. my understanding is this is more about we hear from ceos, they are forced to do vjs in china. when they are doing the vjs they are forced to transfer technological know-how and intellectual and they see it as stealing between the government and companies.

have i defined that correctly? is that what we're talking about here >> exactly what we're talking about and the scope of the 301 trade investigation is meant to get at the heart of ceo concerns about this very matter although i should note that the trump administration's concerns about chinese trade and industrial policies are actually much broader than this which makes the fairly targeted scope of this 301 investigation quite interesting indeed. >> because >> because what is indicates is that the trump administration is taking a very business-like deliberative approach to starting what will likely be an on ward trade and industrial policy battles with china, but rather than opening up a broad swath of trade issues and industrial issues with china they are taking a very focused approach this will increase the likelihood that beijing will begin -- will be able to address some of the u.s. concerns, and it will also retain china's ability to cooperate with the

u.s. on north korea which is another high priority for the trump administration. >> is it wise to pair the two? >> well, i'm not going to comment on whether it's wise or it's not wise, and i should be clear the trump administration is not linking the two but what we do know is the trump administration has come to the conclusion that if they want cooperation with china on north korea, which it does prioritize, that they will have to be relatively measured in how they begin to address the outstanding trade and industrial issues, so i should note that this is just the start of what we expect will be onward trade industrial policy battles between washington and china. >> let me try another way, if i might, meredith, just a little bit here. >> sure. >> can you cite other examples in your experience where the u.s. government or another government has used a stick or a carrot in one sphere to get a desired result in another? >> i would say that this

approach is more akin to how china approaches its foreign policy than how the u.s. has in the past. >> interesting and the do you think it's justified what the president is doing here >> well, look, u.s. concerns about chinese trade and industrial policies have long been documented, and i think many are lauding the trump administration's approach at trying to begin to address these issues what i think is most important for the audience to take away is that this 301 investigation will not vult in a material downgrade in u.s.-china ties and in fact will actually ease the risk of u.s.-china trade friction in the near term and there's two primary reasons for this the -- >> such a tease, and we've got to go to break, meredith. >> we'll have you back to give us the two primary reasons. >> terrific. >> meredith, thank you very much we appreciate it. >> thanks for having me. >> check, please, is next. [pony neighing] what? hey gary. oh. what's with the dog-sized horse?

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>> thegiftbox.com. >> and how about the white moose. i want to see this again a swedish white moose. only about 100 of them, and what a lovely animal that is. nice white moose. >> like the end of "cbs sunday morning. >> thanks for watching "power lunch. >> okay. we can't show the white moose video. that's done. >> what about the golfer >> the golfer we'll get to that's coming up. >> welcome to "closing bell," everybody. i'm kelly evans at the new york stock exchange. >> and i'm bill griffeth any moment now president trump is going to announce a new investigation into china's trade practices. we'll take you live there to the white house as soon as that gets underway this is the president, of course, facing backlash for his initial response to the violence in charlottesville over the weekend. it m