>> the story i'm watching is about the red tide. this is in the gulf coast of florida. last week when i was there it was all anybody wanted to talk about. >> look at that slush. >> thanks for watching power. >> closing bell right now. it's time for the closing bell. the nasdaq hitting a record high as one analyst predicts that amazon could hit a $1.2 trillion market cap. we'll break down all the movers as the tech heavy index hits a record. i'm phil lebeau in chicago. labor day is just around the corner. i will break down which airlines are the weekend's high flyers. >> extreme weather is changing the value of homes and the face of neighborhoods. we'll have the details coming up. the ceo behind big brands

li like calvin klein will be here. an exclusive with pvh ceo. "closing bell" starts right now. ♪ ♪ you know we are living in a material world ♪ >> very good afternoon and warm welcome. welcome back. >> welcome back to you. >> i took two days. you took like two months. >> it wasn't quite two months. it was like a week and a half. >> it is good to be back together. the dow rounding 103 points at the high. we are at half of that, 56 points. the s&p in particular doing well. the nasdaq leading the charge. >> both hitting record highs. trade talks are helping push the markets higher.

let's get to eamon javers in washington with an update. >> reporter: we heard from the canadian prime minister speaking in ottawa just within the past hour expressing some idea that there might be sticking points here. listen to what he said. this could be one you want to watch over the next 24 hours or so. >> our government and i personally will stand up to defend supply management and defend our dairy farmers. that is something we have made very, very clear to the americans even though it has been very obvious that the americans want us to get rid of supply management, i have said that that is not acceptable to us. the negotiations continue. >> reporter: so trudeau saying it is not acceptable to him to change supply management in terms of dairy products. that is something we will watch as negotiations unfold. about a blo we have been watching officials

coming and going and trying to read body language. president trump speaking at an event at the white house a few minutes ago saying he is optimistic that the canadians will come on board. you see the prime minister flagging one area where it looks like the canadians want a concession, as well. >> is the white house doing any strategizing or back channel communications with members of congress nafta is an act of congress and needs congress to make changes. i get that is why they are racing towards the friday deadline. canada has a lot of fans in congress. >> sure. when i talked to the u.s. trade representative in the roosevelt room the day that they rolled out the announcement about mexico he said they hadn't begun a vote counting strategy on capitol hill yet. since then, though, i'm sure the feelers have gone out to the hill. they expect that that could take some period of time to actually write a bill and get a straight

up or down vote on capitol hill. they think they are a ways away from that. they are going to need congressional approval here and the question is whether or not republicans on the hill are going to like this deal. my suspicion is at the end of the day they will like it and go along with the president if they get a three-part deal with the canadians. if it is only a bilateral deal with the mexicans that might be a different picture. >> let's get more reaction on this. joining us senior research fellow at george mason university. ambassador, i will start with you, if i may. what did you make of the latest comments from prime minister trudeau? it does seem possible that there could be a deal by friday. >> i think if there is compromise that is going on in that room then there is a very high possibility that we will get a deal by friday. remember, this is an agreement in principle.

we can't fill out all the little minutia that 30 chapters of nafta hold. this will be an agreement of principle. you will have to trust and have faith that we can fill in all the blanks. i have worked with the prime minister and i will tell you if a good deal is there he will do it for the canadians. if it is a bad deal he will walk away. i know he will. >> what would constitute a bad deal >> there are no go zones. i'm not going to get into the details of what the canadians are or aren't asking. historically that no go zone has been just chapter 19, this dispute settlement, this ability to sit down and have a third party resolve disputes between our two parties or three countries. i would say dairy. he has been very clear that supply management is important. i think there are gray areas.

instead of black and white there are gray areas in which compromise can be made between the united states and canada. i think they are on the path to doing that. my conversations with washington and with ottawa today, it looks like we are moving in that direction and very constructive comments coming out of minister freeland and the prime minister's office. i think we are on the right path. we still have work to do. no announcement yet. >> is canadian involvement crucial for it to pass congress? >> it's absolutely essential that canada be part of the agreement. they are america's number one export market for goods and services, agricultural products. they are the most open major economy to u.s. exports. 100% of u.s. manufacturing exports and agricultural exports to canada enter duty free. our automotive sectors have been pretty much fully integrated since the 1960s. leaving canada out of the

agreement would be unthinkable both economically and politically. congress is not going to pass an agreement that is just mexico. they haven't given the administration authorization through trade romotion authority. 35 states in the united states, canada is the number one export market. you look at ohio, michigan. their manufacturing sectors are interwoven with canada. it is unthinkable that canada would be left out of the agreement. >> based on some of the details, i realize we don't have everything about the substance that was in the u.s. and mexican trade pact, do you think it will make a material difference on supply chains in north america, out of north america and it have an overall economic effect or is there a sort of status quo? >> so the feedback i have is two fold. first of all, from a canadian perspective this is not a heavy lift or a problem. canada has 71% north american

content. going to 75 is not that tough. and the wage level in canada is very high. i will tell you, by adding these kinds of constraints into nafta it will increase regulation. it's going to increase costs down in mexico for sure. some of the conversations i had today with some people affiliated with the auto industry they made it clear that they don't see how it doesn't raise costs for american consumers. >> the fact that we have reached a deal already with mexico, does that mean that is victory for the president and how big a victory does it become if canada joins the agreement by the end of the week? >> i think wrapping something up by the end of the week would be a victory for everybody all around. i think the end of the week is a bit of an artificial deadline driven not by the u.s. trade promotion authority but by mexican politics and the transfer of power there. we need to have some kind of agreement. this is too important to rush.

let me fully agree with the ambassador. the automotive sector is hugely important here. i think the rules of origin that we have hoisted on mexico will make the north american industry less efficient, less able to compete in global markets, higher prices for consumers. the manufacturing sector in automobiles is thriving in the united states. they have never had it so good. nafta has been a big part of the success story. the real victory will be to get out of this with nafta largely in tact. i think we can do that. >> we'll leave it there. thank you for the perspective. second quarter gdp was revised up today. 4.2% slightly better than 4.1% increase reported in july, marks the u.s. economy's best performance since third quarter in 2014. >> joining us now to discuss

more on this we have nancy tangler, steve grasso and rick santelli at the cme in chicago. good afternoon. steve, you and i both have been out for a little while. what do you make of the market levels we are seeing at the moment market highs in sight. is that justified based on what has happened >> sarah said gdp at 4.2%. you have buybacks in large order. you have the technology space growing at 25%. you have tariff concerns that really are dissipating right now. would you want to be a seller in this market place? i would not want to be a seller. i think we will continue to make new highs. >> do you agree? >> yeah. for additional reasons. consumer confidence is up, small business ceo confidence is up. cap x is back. we are calling it the miss congenuality of the economic expansion because it drives producti productivi

productivity. we continue to think it is not over. it is just a fact of the underlying providers of software and equipment. we have seen really good earnings from those companies. >> not to be a debbie downer, but so many bears on wall street or at least people wondering can put an argument up for everyone of your positives. global growth is slowing, just to name a few of the big ones. >> the united states is the leader of the pack. i would say emerging markets the fears have been out there. when you start to look at the outperformance one of two things will happen. either the united states is going to catch up to the down side with the emerging markets or the emerging markets catch up to the upside. i think america will lead. it's the best spot to put your money by a long shot. and the fed seems to be playing along right now with a little softer tone. >> the dollar seems to be driven

somewhat by other individual currency moves as opposed to an overriding dollar factor. >> i think the dollar for the last week and a half is just kind of adrift. i don't think the motor is running. i think the currents are sort of sweeping it along. i would like to -- if you are holding or harboring a bullish strategy you probably don't want to see it trade under 94. i think the dynamics are in place. the are questionable variables. they were closer to 17 trillion seven months ago. if you put a dollar chart over that you would see the dollar index is tracking the notion that cumulative balance sheet -- the long and the short of it is as steve and nancy have pointed

out you can kick the tires on any economy in the last 100 years and you can always say in two or three years if we have a problem with the economy i told you so. truly interest rates are well behaved. the dollar is very well behaved. the stock market is reflecting an economy that is definitely running on eight cylinders and probably has room before the pedal comes close to the floor. i am half full. i have been for the last year and a half. i see nothing to change that in the future that we can predict. if emerging markets have problems there is always problems. the priority is to make sure that they don't wash up too aggressively on our shore. >> we'll leave it there. nancy, steve and rick. up next on the closing bell, amazon has a new plan to dominate the streaming space. that is bad news for rival roku. the reporter who broke the story joins us next. and later, a new report says

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take a look at shares of roku sharing lower on the report that amazon plans to launch a free ad supported service for fire tvs. amazon is reportedly in talks with major studios about licensing older tv shows that have aired for the new service. joining us to discuss if roku could become the next victim of the amazon effect. she broke the story. welcome back to "the closing bell." tell us what you know about amazon's plans to go after roku. >> i think amazon sees how well roku has done with its roku channel and sees an opportunity here. advertising is a very quickly growing business for amazon. if they can add more inventory they see an opportunity to grow

the business and go after some of what roku is getting now. >> clearly they have incredible data on their users having purchased all sorts of products through amazon prime. they can target individual efforts in a way that traditional television can't. >> absolutely. advertisers would love it for amazon to get into video ads in a bigger way because they can go after their customers. i talked to an advertiser who said i can go to the person who is buying my stuff on amazon and target them with other things we are doing. advertisers would love to see this happen. >> could it risk hurting the image that amazon has in users' minds? when you think of the millennial user and netflix as the purist example, they want to watch uninterpreted television. that is why they pay a subscription. is this going to start to muddy the water for what amazon prime is in certain consumers' minds >> that is a very good question.

amazon is being very careful on that point. this product that they are working on is through their imdb unit and will be separate from prime. you will not start watching prime and see these ads. i see this as kind of a proof of concept for amazon. i think amazon wants to see and prove to the market what they can do with video advertising. you start to see ads on thursday night football last season in prime, sources told me they will start doing more ads in sports in europe that they have won the rights for. i think that they might go further. >> roku is still the dominant player in the market in the connected tv market. amazon is growing. amazon is amazon. in terms of advertising business i think it is advertising

business grew 130% in the past year. i think you can see it capture market share. >> is apple tv left behind in the moment >> it is between roku and amazon right now. apple tv is behind for now. >> great reporting, as always. thanks for coming on to talk about it. >> thanks so much. >> so we have 40 minutes to go before the closing bell. s&p and nasdaq both trading at record highs. any gain would be a close at new highs. the dow is up 64 points after trailing earlier about a quarter of a percent. dick's sporting goods playing the blame game for soft quarterly sales which could spell trouble for one athletic wear brand. shares of pot company surging on the back of strong earnings and what the ceo told us last night here on closing bell has the bulls flying.

the rally rolls on into record territory. russell 200 index up half a percent. let's check in on stocks to watch. dick's sporting goods partially blaming underarmer for weak sales.

the retailer saying the expanding distribution which has led to declines in sales. last week the ceo of kohl's said there was strong performance. they were down almost seven percent. very unusual to see them called out twice in an earnings release of one of its biggest clients. >> very specifically. they are trying to do this transition to enter more lower priced areas. it depends if kohl's purchases offsets the lack of dick's purchases. >> dick's has a higher price point than a kohl's. i will say comments have helped turn them around saying they see an improvement in the space and are working to try to turn it around. >> we are off the lows either

way. marijuana company tilray saw second quarter revenue up more than double. up 17%. here is what the ceo brandon kennedy told us when i asked if we can see tilray as takeover target. >> we are aggressively expanding at capacity 15 times from where we started the year. we are investing heavily and increasing our capacity to deliver products around the world. i think you are seeing interest from outside the industry because so many companies in so many other industries are in desperate need of growth. this is a high growth industry that is emerging rapidly not only in canada but around the world. >> if you look at the share price move this week whether on monday on talk that they would be interested or today i think it is focussing on that potential takeover talks. we asked him and he started by saying i'm not going to be drawing on speculation. the rest of the answer was a

heavy hit that there are people that are interested. >> these stocks are on fire. >> we have 34 minutes left of trade. sarah mentioned the top of the block record territory for the s&p and the nasdaq is up four percent. still ahead another read on the retail sector coming out after the bell. we are joined live to break down those numbers. >> a bio tech boom is better than one group in particular. wall street analysts.

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there is only like three of them in the group. >> i feel sorry for them. time for a cnbc news update with sue herera. >> here is what is happening at this hour. cleveland browns linebacker michael kendricks is being charged with insider trading. federal produce cutercute -- prosecutors saying he was given heads up deals. more news out of the nfl and good news for packer fans. aaron rodgers signing a record breaking deal. that extension could allow him to make up to $180 million. california is on course to 100% clean energy. a new law would require california to transition to a fully renewable energy grid by the year 2045. that bill passing in an assembly vote yesterday is headed to the

state senate where it is expected to pass. want to hear something a little strange the netflix series "stranger things" is now in the guinness book of world records. the show is the most in demand in the entire world. that's the news update this hour. i will send it downtown to you. i have an animal story for you next hour. >> i can't wait. >> i prefer "stranger things." it's a show about kids but adults like it. >> i would have made up the numbers in the "game of thrones" statistic. >> it's really good. worth it. >> thanks very much. who knew that one of the most lucrative jobs on wall street is that of the bio tech analysts according to the wall street journal. the boom in bio tech is that major firms pay major dollars.

some top names raking in seven figure salaries. thanks for joining us. i'm fascinated by this article and some of the numbers in it. first, why are these analysts generating quite so much revenue? >> it is an interesting industry undergoing a lot of change and banking deals. when you get banking deals talking about stocks, deals, ipos, mergers there are a lot of fees. when you have fees you have a need for top name, big name analysts. that's the argument as to why there is a bidding war going on. the big names and second and third tiers, as well. >> i'm glad you brought that point up. you raise that point in your article. fundraisers should be making a

lot of money. there is a clear war within the companies whether sell side analysts should be getting paid. >> as we recall leading up to the bubble and it bursts, analysts were somewhat biassed or often were biassed. it was a 2003 industry agreement with the leading banks to separate the bankers and the analysts. they still are separate. analysts can't do too much in terms of working on ipos and other kinds of deals. one wonders and one maybe worries that as these analysts get the huge salaries guaranteed for three andfour years you wonder if there will be pressure on them to perceive pressure to stay bullish. if you look at the numbers they are excessively bullish compared to every other industry. >> 76% you say have buy recommendations.

how much worse is that or how much more bullish is that than other industries our analysts incentivised to give better ratings so they can have better access to their companies. 56% on average in the bio tech industry compared to 76% with bio tech industry. i wouldn't care so much if the bio tech industry was soaring if the tastocks were doing well but they are not. in other words, these analysts are getting paid more than everyone else and are more bullish than everyone else. the investors aren't being rewarded so one wonders if it is due to the banking deals going on. you can never tell for sure. there is this chinese wall that is being enforced between banking and analysts. that is reassuring. >> going to the broader picture for analysts being paid well, most of the narrative for the last year since method two came

in is that this is a declining part of the market. is bio tech the only area of strength or are we missing the point all together is there still a very successful business in money to be made >> it's a very good point. overall there is much less demand for analysts than before. the average big name analyst in every other industry besides bio tech is making about one to $1.5 million a year, nothing to sneeze at. it's not quite the 3 or 4 million that bio tech guys are getting. it's not a broad theme. it's not like here come the analysts once again like in the go-go days. it's a corner of the market. one does wonder if maybe it will infect other kinds of areas. frankly there are fewer analysts than before. there is less coverage than before. if rising salaries brings more scrutiny of companies and

shares, that's healthy. again, if there is a sort of potential for bias you have to keep an eye on that. >> we are in, as you referenced, a bio tech boom. there are so many deals that it is not just the big banks that are getting the deals. who else is a contender? are there companies that don't have sell side analysts covering them also in the mix here? >> it is a great point that in other industries it is hard for the second and third tier investment bank to break in. it is easier in the bio tech world, they come into market without product, without a drug. so if you are kind of not a big name, not a bulge bract investment bank and you want deals you spend up and pay up for analysts and you can maybe bring in some of the investment banking fees that come along with it. so in some ways bio tech is a little bit unique in that regard. >> could this be a classic top of the market top signal seeing individual small investment banks paying massive amounts to hire the analysts of one sector

from the big investment banks? >> if bio tech was doing much better, if the shares were soaring then i would see that as a worrisome sign. i see it a reflection of the record pace for some of the corners of investment banking that comes with bio tech. mergers are up. i think a reflection of heated activity in the bio tech world. it is also a fascinating world of so much more innovation than other industries the last few years. there are all kiends of other areas. you need smart analysts to figure out the next trend. in some ways there is more value that they bring. the industry shares having done well and these guys have buy ratings on it. >> it does appear to be a lot of demand for information also changing regulations and drug prices and everything else. great piece. certainly part of our attention. thanks for coming on to talk

about it. we have about 23 minutes to go before the closing bell. any higher close for the s&p, nasdaq or russell 2000 would remt a new a represent a new all time high. nasdaq is now on pace for its biggest august percentage gain in 18 years. we'll dive into what is driving it higher next. a new poll claims yahoo may be scanning your e-mails. we'll tell you what the company may be looking for when we return.

the highs for the session up over one percent. the dow is up 78 points just off its high around 100 points. good momentum on volumes set for record closes. here is a quick check on shares of pvh. we will bring you the results and get instant reaction from the ceos. stock is up half a percent as we approach the close, interview and earnings.

manny chirico will join us coming up. >> the nasdaq hitting another intraday record for the biggest gain. >> major indexes, it is higher by more than one percent with a couple of minutes to go. we crossed 8,000 for the first time ever. we crossed 8,100. it looks like that is where we are going to close here today. bio tech names among the top five drifting higher throughout the session, names like vortex moving higher as the nasdaq bio tech etf has its best week in nearly two months. you mentioned amazon. it is worth pointing out it is the biggest point gain here today on the nasdaq 100 on this new $2,500 price target. the highest on the street up

from $1850. if we hit the 2,500 price target it will be worth $1.2 trillion. apple shares hitting an all-time high here today. you said august, the best month for nasdaq in 18 years. what drove us there? some of the names you might be surprised about. work day the number one stock by percentage over the month of august up about 24%. auto desk higher ban 21%. apple up 17% and -- we'll see the rest of the closing sessions. a new poll suggests yahoo may be scanning your e-mails. let's send it over to josh lipton for more. >> if you use yahoo mail this

story should interest you. the owner has apparently been pitching a service to marketers that is raising eyebrows specifically relying on algorithms to scan more than 200 million inboxes and the user data they contain. the purpose is insight about products the users might be interested in purchasing. the practice extends to aol mail. company telling cnbc in a statement putting consumers in the driving seat is our top priority. interest based advertising around yahoo mail does not use personally identifiable information and is developed using only commercial e-mails and never personal e-mails. in other words, this practice focuses just on e-mails from retailers announcing a sale and not e-mails between friends and family. company also emphasizes that users can opt out of the

process. still the practice does put oath at odds with other companies. google stopped scanning e-mails in consumer g mail for ads last year. it never scanned e-mails for ads targeting enterprise versions. microsoft telling us we do not use e-mail content for ad targeting in any way, anywhere in microsoft. >> i have a lot of questions on this. the most obvious one is if they are saying they only scan certain types of e-mails for data that must mean they scan them all to know they can reject that one is personal. we have read it and we know it is personal. this one is corporate or one we are allowed to use. >> it is a lot of scanning. >> when i spoke to the company today, that is not what they emphasized. they emphasized we are only looking at commercial e-mails. so that is e-mail from a retailer, maybe a shoe sale and that lands in your inbox. they are not scanning personal

e-mails what you are e-mailing your mom. they are snnot scanning that. >> thank you so much. we have a news alert on survey monkey with new details as it prepares to go public. >> survey monkey is formalizing its ipo plans today. the company says it has chosen the nasdaq for its i.p.o. and will trade under the ticker svmk. the lead under writers include jp morgan, bank of america, merrill lynch. the formal submission comes after it announced it had submitted a draft registration statement in mid june. the number of shares to be offered, price range for the proposed offering have not been determined. we are waiting to see whether wall street goes bananas over this. survey says?

anyone anyone >> contessa, you know who is on the board of survey monkey serena williams. 15 minutes to go before the closing bell. let's give you a check of where we stand. higher across the board firmly positive and sometimes record territory. the dow is up 74 points. the tech names like apple and microsoft are fuelling the biggest games. airlines staging a strong comeback. we will tell you what is fuelling increased demand for travel and what you can expect this labor day weekend. >> be sure to tune in tomorrow. becky quick will be sitting down with warren buffett ahead of his lunch with the annual idgle foundation auction 11:00 a.m. foundation auction 11:00 a.m. eastern tomorrow here on cnbc.s? $1.50 futures contracts? what about a dedicated service team of trading specialists?

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this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's. art cashin just stopped by to tell us a billion to buy on the close. we have a bullish sort of feel going into the close. maybe that is why we are seeing the dow at 66. it looks like it is strong across the board with nasdaq up a percent. on track to close at record highs. >> the nasdaq in particular is

close to its high of the day. >> amazon trillion dollar watch. >> we are indeed -- airlines are gearing up for a busy holiday weekend. phil lebeau joins us with more. >> if you are take ag trip between now and next tuesday, that is what they are calling labor day weekend for the airlines of america industry trade group, it will be packed on the planes. that shouldn't come as a surprise. the number of people expected to fly on u.s. airlines worldwide in the next week is up about 3.5% compared to last year to a record 16.5 million people. that is the estimation for airlines for america. this dove tails with what we have been seeing for a couple of months now, strong economy, strong bookings especially when it comes to business travelers, all of that is mixed into a stu and producing some pretty good

outlooks, if you will, for the airlines. >> we are clearly hitting a place on demand where it's very strong. household income is all-time highs. we are optimistic about the future. >> it helps that jet fuel prices have been moderating. you go back to june or july since then. they have pretty much plateaued. that has been encouraging for investors. that is why when you take a look at shares of united, delta, american, these guys were down in the dumps back in june. they have had a decent move higher basically since early july. >> is the boom in bookings still

domestic travel. do you know how much is international? there is a lot of hand wringing over trade tensions and what it would do to the industry. >> on the trade tensions that was really a concern that never materialized. every time i talked with an executive everyone said the same thing. we are not seeing it impacting bookings in terms of international flights. where they are noticing an increase up eight percent year over year, business class flights. that is where corporations, business travelers, they need the flights in a relatively short timeframe. that is good news for the airlines because those are higher margin tickets. >> great stuff, thank you very much. takes a lot to decide to cancel your vacation. trade fears perhaps. >> i think the fear was business travel, deals across border. >> your international plans went off without a hitch.

>> up next when we come back with the closing count down. >> we'll get earnings results from sales force, pvh and guess. we'll bring you results and instant analysis. that is coming up on "e th closing bell. keep it here. you are watching cnbc first in business worldwide.

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welcome back to "the closing bell." as you can see across all four indexes we have gains. the s&p, nasdaq and russell will close at a record high if they close high which they will led by the tech heavy nasdaq which is up a full percent. you can see that chart where there is a steady improvement. relative to the open looking pretty good. amazon has been a large part driving that higher up three percent. let's look at the sectors to say only teleco is negative. there are three sectors up a percent or around that level. consumer discretion leading the charge. materials and health care followed behind. real estate dipped into the red. financials also flat. we want tobring in the u.s. dollar, as well, to show some interesting moves. the euro against the dollar

pretty much flat. the yen, we have the dollar moving higher. the british pound, the dollar is very weak. you have the pound up by 1.2%, positive comments towards the possibility of a deal. the dollar there for not having true direction with big moves against individual currencies. let's bring in bob pisani. record closes. >> angela merkel making positive comments about the relationship with england. >> everybody is trying to make a deal here. >> certainly very good news. i keep saying trade is the gift that keeps giving. it has provided the support to move us forward into record territory. the canadian foreign minister saying she was optimistic and turns around and comes back and made more optimistic comments. the market lifted. you can see that nice lift in

the market. the dollar immediately began to move to the down side. this happens when you get positive trade news. there you see it and the market sensitive sectors to the dollar like material names, energy all started to rally. now you have two things going on. you have the trade sensitive groups, materials and energy just one example rallying today. we also have sectors that are rallying along with that. the rally broadening is the theme here. health care is not a trade sensitive sector. health care has been strong recently. tech has been doing very well. you are getting large swaths microsoft market mo o the market moving forward. we see apple, cisco with new highs, microsoft, visa, adobe. all of that is positive. all i want now is more breakouts in the new highs. i think about 20% of the s&p is

less than two percent from historic highs. the next few days we go up another 20 points in the s&p. >> we have record highs in the nasdaq and s&p. it is higher by 56 points led by the nasdaq. ringing the bell here is w girls. sarah, back to you. >> welcome to "the closing bell." records all around. let's take a look at how we are finishing up the day on wall street. the dow closing up. it was the s&p, nasdaq and russell 2000 all closing at new all-time hiez. the dow for its part closing up about 61 points. it is a trifecta there of

records. we have big names reporting earnings. results from sales force and pvh. pvh ceo will be joining us to discuss his company's results in an exclusive interview right after they are released. joining us today michael santoli as always. leading the dow today was apple while walgreens was the biggest decliner. s&p 500 the winner was marathon oil and lagger is tiffany tech. apple, amazon, microsoft, mike, amazon was a big winner. we watch the levels. >> a lot of people have amazon in the betting pool to get there first. it looks like it is poised to follow apple to a trillion

without too much delay. the big gross stocks, amazon represents them. it is kind of almost in default mode when the market is in a bullish character. sometimes the air pockets are the upside. i think that is the way the market feels. it is walking higher because of the context. dollar down. what does dollar down mean it representathize fed not getting aggressive. it represents not too much concern about disruptive trade practices. for now it is enough. >> you mentioned the move can't just be a jump to the upside. did that happen for all of the market now >> i think there is room for where we are to where it feels like we are really overextended and people get over bullish. i think people are throwing around the melt up phrase as they did in january. i think it is a little premature because back then you have this high momentum move. it kept going up relentlessly

after the market was like it is overbought here. we are not quite there yet. >> how much credence do you give to record high levels amid thin volume >> i think two things that one is volume. given where we are a couple of days before labor day. you are seeing momentum investing at its best right now. probably leverage coming after the big tech names. you are not really seeing -- transports are up which is a good indicator. you are not seeing the run through financials. the financials are kind of not doing anything. they are going to be leaders. if our economy will grow three percent are we going to see leadership in the new stock market it has to come from another sector. you are stretching valuations in technology and other areas. >> are we overcomplicating things we have a very positive trade deal on monday and we are getting news today that that deal could be added to by friday. >> i don't think you are being too simple. i think that was the big worry that i argued and other people

have argued was too big a worry. the other thing is consumer confidence, economy grew 4.2% in the quarter. earnings are surprising to the upside. we have better impact of the tax deal than most people thought we would have. you are right to emphasize trade but there are a lot of good things going on in the economy, as well. >> let's give you an update. president trump saying last hour he is optimistic that canada will be joining that u.s. mexico trade deal. eamon javers with the latest at the white house. >> that's right. the mood music here in terms of a potential three-part deal on nafta is pretty positive. the president, as you said, just within the past hour or so talking to reporters at the white house event and expressing a little bit of optimism. here is what he said. >> i think canada very much wants to make the deal and i think it will be obviously very good for canada if they do. i think it is probably not good at all if they don't. we gave until friday and we are

probably on track. >> reporter: mexican president also expressing optimism here within the past hour so that the negotiations could end up being a three-way deal including the canadians. i have been told something interesting, at the end of the negotiations with the mexicans u.s. trade representative made sure the salt this agreement between the united states and mexico with a number of items that were deliberately designed to appeal to the canadians. that might explain some of the optimism from the canadian side in terms of how they might embrace the deal by friday's apparent deadline. it's not a hard and fest deadline but a day that they would like to get it done by. i should tell you that the president is talking today about north korea and expressing his view that some of the difficulties in negotiations with north korea over de-nuclearization are as a result of the united states pressing china on trade. so it is something he said before but he is re-emphasizing

that today as well in terms of trade with china. >> thanks for that. if we can put this political debate on this aside, if we do get canada agreeing to the deal is that a remarkably big win for the economy that they will be on better terms than before in. >> i think it is mostly in the category of avoiding a potential negative and incremently improve. i think incremental improvements in terms of the u.s. position with regard to mexico. >> is it incrementally improved or making it more expensive and potentially not protecting u.s. workers without having dispute resolution. >> it's -- i think we are operating in this very narrow band of it is pretty much what we had for 24 years in terms of nafta with little tweaks around the edges. i don't think this was -- i don't think two years ago people said this economy will get rowing if you re-work nafta slightly. it is really around the edges. that is why i think china has

been the big focus. we created this thing to worry about meaning the trade situation all year. we are kind of removing it in pieces. it's funny. gm goes from 44 to 35 from january to a little while ago and now to 37. ford goes from 13 to 950. now it is at 10. the auto companies have taken a lot of pain and they have a little bit of relief. i think that is one way to look at what we have gone through here. >> is there a trade for you on the auto makers as a result of this nafta moving towards a deal, i guess you can call it? >> i think that was just the appetizer. we own a lot of auto mart makers. i think what you are seeing is if things go well with canada now the next step has to be china to see. that i think would be the catalyst to move these stocks because right now there is an overhang of a huge percentage of tariffs that could potentially

be on the companies. >> let's talk about u.s. border econo economy. gdp increased at a rate of 4.2% which is faster than the initial reading from 4.1%. how relevant is this i guess 4.1 was already strong. is the bigger question what the average for the end of the year will be? >> 4.2 versus 4.1 is no big deal. we had an awful lot of economists telling us we couldn't get above three. we had an awful lot telling us we would be at two or less. this is real growth and translating to corporate profitability which is coming in way above estimates which i don't remember beating estimates by this much. we had consumer confidence. 133 versus 126 estimate is one of the highest numbers any of us see. the economy is in very, very good shape right now.

>> and now there is a debate about how sustainable is it? do the tax cut stimulus hold was there a forward sort of movement towards more activity to front load ahead of the tariffs like we saw in the soybean market are we going to see a repeat print like last quarter? >> i don't think the debate gets settled right away. i don't think anybody said we can't get to 4.2% in one quarter if you are going to swing the deficit out to a trillion dollars and front load cap x spending. they said on a sustainable basis the target is to get the economy there. we'll see if it is true. i think that will be the question. i don't know if that is what the bond market is telling us with yields remaining muted. i think it does remain to be the terms. >> the yield curve flattened, financials closed red. sales force earnings are out. let's get to josh lipten with the numbers. >> nongap 71 cents including

mark to market gain of 14 cents. street was at 47 cents. revenue 3.28 billion. the street was at 3.23 billion. looking at the guide q 3 looking for 49 to 50 cents. street was at 54 cents. revenue at 3.355 to 3.365. for the year they raise the bottom a bit. they are looking for 250 to 252 and revenue of 13.1275 billion. keith block saying with the strong quarter we are well on our way to our next milestone of 23 billion in revenue in 2022. guys, back to you. this call starts at 5:00 p.m. eastern. >> thanks very much for that. the guidance is soft but the earnings in line and represents 26% revenue growth year over year. >> the growth rates continue to

be amazing for a company of this size. sometimes it feels too clockwork for a company like this. i get it. the stock has been amazing. i tried to look at how the market gets comfortable valuing sales force. i think one way is free cash flow yield. it has been basically two percent. 50 times cash flow give or take for like 15 years. i don't know if that makes sense to you. that seems to be where the market comes down. >> the market is paying for growth. if you can get your top line growth in double digits you will get a high premium. you are seeing that in the leadership in technology. it is not coming through if we have the sustainable three percent plus gdp you should see it in industrials and other areas that should provide -- >> sales force starting at 1.7%. i guess that is because people have been paying for growth and the guidance was lowered just a fraction. it is a sign on the flip side to

what we saw from amazon. >> stock is up 60% over the last year. >> you can save a couple. >> i think this was trading at 67 times forward earnings going into the call. this is a wonderful company. i looked at it ten years ago and thought it was too expensive then. it is just a great, great company but it is 67 times earnings. history teaches you can overpay even for the best companies. >> all right. we'll leave it there. thank you. president trump accusing google of bias against conservative news sources earlier this week. we put three search engines to the test. those results and what a government investigation could mean for the companies. and pvh earnings due out any minute. we will bring you the results and talk to manny chirico about the results. we want to hear from you. you can reach out to the show on twitter, facebook or send us an

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curve tc conservative voices. president trump doubled down on the criticism of silicon valley giants. >> i think that google and facebook and twitter i think they treat conservatives and republicans very unfairly. i think it is a very serious problem because they are really trying to silence a very large part of the country. those people don't want to be silenced. it's not right. it's not fair. it may not be legal. we just want fairness. >> so we decided to test the president's assertion that google is skewing search results by opening a private window similar. we searched trump news in three different search platforms. less than a minute apart from each other. these were the first three headlines that appeared on google's search. firstly, don mcgahn to leave the

job as white house council. trump says he will leave his job in the fall from washington post. donald trump has outdone god. >> next up we tried yahoo. these were their results. trump revives charge obama spied on his campaign in tweet storm. trump overstates job performance ratings fact check from cbs news. trump fumes at bruce ohr asking how he has a job at d.o.j. >> bing.com gave us these three results. don mcgahn to leave white house counsel job. and third white house counsel to leave job after cabinet confirmation, trump says.

>> not sure we can conclude bias. joining us now to discuss this is david mccabe . google has come out and said this is not how it works at all. so what if anything can trump do about it >> thank you so much for having me. there is not much the white house could do if they want to move beyond vague charges to actual regulation or action. there are steps congress can take to make it easier to sue web plat forms with the way they host content. those would require an act of congress. the justice department could pursue an investigation. the ftc could pursue an investigation into companies like google or facebook. the white house isn't supposed to get involved there. right now we haven't seen much from the white house in terms of concrete details. it has been we are looking at this. trump just said that maybe they are looking for fairness and not regulation. i think we are a long way off

from concrete action from the white house on this issue. >> there has also been accusations that the makeup of the employees at some of these internet giants has a leaning typically suggested to be liberal leaning. whether it does or not, should that matter? clearly the news organization that does go one way or another like a newspaper or a broadcasting company does have employees that have a meaning. why does it matter if a tech company does too >> the accusations in the internal company culture have existed for years and existed within the company. yesterday we saw the news break that at facebook some employees serve a group political diversity. we have seen that. at the same time it is important to note here when you look past the noise and rhetoric on every side that there has never been reporting or strong evidence to suggest or show that there is an

intentional campaign here to silence conservative voices through the algorithms of the sites. >> on the one hand when the president of the united states says some kind of kaeactivity b company might be illegal, might there be substantive effort here to try to curtail this or we see that maybe the president had seen something on fox news and it got this thought perhaps in his head. earlier we saw him go after amazon. will he do anything there. then it passes by. from your reporting, is this some kind of structured campaign by the white house to get attention on this issue? or is there more behind it in terms of regulatory? >> our reporting hasn't shown some sort of structural line between the amazon comments that you mention and these. i think this is very much in the

air in washington. particularly with the conservative base that this is his bread sand butter that thes deserve more scrutiny than right now? >> whee whoo is tougher on t eis tougher on these >> we have not seen much materialize. we have seen republicans fund raise off of the claims using the platforms that criticize and just yesterday the president sent out a fundraising text. >> thank you for joining us. overall in terms of stock performance it's really been shrugged off. >> yesterday there was slight weakness in google and facebook but it didn't last.

i don't think anyone is really able to draw the path to where it is going to effect the businesses. >> is that somewhat under done clearly regulation has come in in europe. there is an example of how it can come in. that should presumably be followed. >> perhaps even in europe google's position shows if you are the biggest, if everybody plays by the same rules you are not relatively disadvantaged. at this point i have yet to see ad rates go down. you have to see demand for digital ads go down and search relevance decline. i think it is hypothetical. >> political punching bag. get ready. we have an earnings alert. pvh and guess. >> so let's start with pvh. it looks like there is a beat on both earnings and revenues. earnings coming in at $2.18

adjusted compared to expectations for $2.10. revenues $2.33 billion topping consensus at 2.29 billion. guidance for the third quarter is a bit mixed here. it does look look for the third quarter we have a lighter than expected earnings guidance but strong revenue. the full year guidance is raised for the earnings more than the second quarter beat. that does imply that they are going to grab more of those earnings than they had thought previously. if you look into the results of the businesses, calvin klein and tommyhillfigger are up. within each a note about strong wholesale. that may be good for the department store. we will talk about guess. it looks like it was a beat for

earnings. revenues weaker at 646 million. the street was looking for 651 million for the second quarter. the guidance is a bit mixed with weak earnings but strong revenue. shares of guess have moved up and down and now they are up about three percent here after hours. >> thanks very much for that. guess up nicely. >> pretty consistent with what we have been hearing on the macro side. demand pretty good. people paying a little more full price. guess had a pretty good run in terms of the stock as a potential way to play it come back in jeans. sarah disagrees that jeans might be encroaching on the athleisure thing. >> i think leggings are more comfortable. >> comfort isn't everything. >> lulu out tomorrow. that has been a big winner. >> shares of pvh higher after

those earnings as we just showed you. up next the ceo will join us in an exclusive interview on set to discuss those results. >> speaking of athleisure, shares of underarmer falling more than seven percent. really reclaiming most of the losses after dick's sporting goods blamed it for a sales miss. should you be buying the dip we saw some that actually closed higher. that is coming up on the closing bell.

shares of tommy hilfigger and pvh are down lower. they were higher after beating the street. joining us now to discuss these results is manny chirico. welcome. what is working for you? looks like calvin klein especially strong. >> i thi >> i think calvin klein and tommy hillfigger are joining growth. >> is there something to read into the price points that are working if the growth is 15% or so but if you are heritage brands is only three percent in. >> i think what i would describe as premium brands and not talking luxury but premium brands, it's a good place to be especially thinking about asia as a market. those price points are really

strong for us there and the growth really works for us i think at those price points. i would read into that. the challenge with heritage businesses which had a good quarter, the challenge with those businesses is they are solely north america based for the most part and they have been around for 100 years. they don't have necessarily the growth, constant earnings that you can count on from a cash flow. >> you are pushing some of those into europe. >> we started to push our brand into europe and have gotten a good reception. we are talking about a small base at this point. >> it is interesting you point to europe and asia as the growth engines. where is the kind of growth coming from in those areas meaning from just other brands, nonbrands. is it sdwrusjust a play on expag middle class >> if you think about the tommy

hillfiger brand we are benefitting over the last three years. continues to grow. on the calvin klein side of the business the calvin klein brand is much bigger in just about every region except europe. there is just open to fill space for us in europe. we have been growing the calvin brand about 25% in europe. so there is a lot of white space to fill. even today we see a billion dollar sales opportunity for us over the next three to four years. >> i have been doing a lot of work onfluencer influence ers, celebrities that back a product. you are seeing it with adidas. >> it's a great question. the use of influence is -- i

would argue is started by calvin klein. i think tommy really captured it with gigi on two levels. the tommy brand has been very much more skewed to men's than women's. i think gigi gave us a license to grow that women's component. i think we will have an announcement in the next month or two. i think there will be another female spokes model that we think will carry us through the day. >> you have the kardashians. >> the calvin klein side of the room that has been a real win. you talk about iconic launches. justin bieber two years ago. we followed that with the kardashians about six months ago, the new launch in underwear and jeans this season. we really are seeing momentum in the business. you have to change your marketing. it was television and print if you go back ten years.

today it is all digital, social media and maybe 20% of our media spend is on the digital side, the traditional side. >> talk about the currency impact. has that weighed on the results a little bit >> it was a real head wind if you go back two years with the strengthening dollar. this year it levelled off. the challenge we faced is when we opened the year, the euro is $124. on a year to year basis it about a flat impact. when we started the year we projected it would be about a 35 cents benefit. it only turned out to be about a seven cent benefit. we continue to raise earnings. >> how much of your product is produced in china? is that at risk of escalation? >> about $400 million of product is produced in china for the

u.s. market. probably another 600 out for our businesses outside of u.s. if you are focussed on tariffs that might be an impact if it gets that far. it's relatively speaking not that big a component for us from a tariff point of view. of course, we don't think that is the way to approach the trade negotiation as the only lever and the only weapon. >> you are laying out the numbers. thank you. >> i want to know who the next influenceer will be. >> what a tease. let's look at how we finished the day on wall street higher across the board and some record closes. the nasdaq led the charge up a full percent. the dow still higher and it was tech and consumer discretionary in terms of sector performance

that out-performed. let's get to other big stories in our rapid recap. >> second look, here we go. it improved up a tenth. >> pending home sales down 0.7% in july compared with june according to the national association of relteres. >> the market will still have a struggle finding this silver lining gold locks path because you can get too hot or too cold in a hurry this late in an economic cycle. >> amazon got a price target upgrade today for morgan stanley. a price target of 2,500 from 1850. >> morgan stanley raised price target to $15.15 a share. that's the highest price target of any wall street term. >> these are smart people with real money.

if they like -- if they are not worried about inflation because of trade problems, if they are not worried about stagnation then stocks will keep going up. >> canadian prime minister is speaking this hour. we are getting news out of those remarks. >> our government and i will stand up to defend supply management and defend our dairy farmers. it has been very obvious that the americans want us to get rid of supply management. i am sad that that is not acceptable to us. >> canada entering the trade talks with the u.s. and mexico, story of the day. there is a -- it would be hard for canada to walk away. 75% of canadian exports come to the u.s. a lot of people say canada needs the u.s. true. but we need canada, as well. just look as how many jobs depend on trade with canada. this is according to forbes. some of the biggest states are tying as much as a million jobs that depend on trade with this

country and for many states across the united states canada is the top trading partner. >> interesting about that list, the likes of florida and pennsylvania there. the top two much like what we discussed the impact of the salt deduction are two nontrump states california and new york that get hit the worst. >> it is hard to believe that if there is not an agreement it will come down to milk which economically is not that big a deal but politically matters a lot. i wonder if there is a way to have both sides seem like they have a decent result. >> it is reported that canada is open to making those deals. time for a cnbc news update. >> hello everyone. here is what is happening. the detroit school district shutting off drinking water. test results finding elevated levels of copper and lead at 16 of the 24 schools tested. water testing will be done at

all 106 school buildings. more than 250,000 people killed by guns worldwide in 2016 according to a new study using estimates from 195 countries. two countries accounted for a thirdof those deaths, brazil and the united states. and watch the left side of your screen. that is a fire ball lighting up the night sky in australia. it's believed to have been a meteor according to the perth observatory. scientists are investigating whether the meteor completely burned up in the earth's atmosphere or not. a minor mishap at a minor league baseball game. the grasshoppers employ a bat dog that is trained to retrieve the bat. out came -- luluwouldn't let him have it. she is just doing her job.

that's the news update this hour. back to you. >> i love it. i feel for lulu. >> i learned something today. i didn't know there were bat dogs. there you go. >> there are generations of bat dogs. >> i had no idea. >> there we go. sue, thank you very much. >> there is good stuff online on this. >> it's not just dick's sporting goods getting hit. underarmoru falling. the details on why and what it means is next.

shares of underarmour after dick's sporting goods blaming the brand for sales. we experienced continued significant declines in under armour sales. >> joining us now to discuss is guy and pete.

it has been performing strongly this year. it has rallied through it today. what was your take did you use this as a buying opportunity earlier today? >> i'm sort of like the -- what does it make you >> spacely sprocket. >> very important. i will say this to you. in the athleisure space look at the moves in lulu lemon and nike. the valuations are getting stretched. to be in the space still in my opinion you have to be comfortable with both. i'm not comfortable wearing it. i'm not comfortable with the valuations or the move. >> and the valuations you talk about underarmer when you look at how far it has been pushed down, when you look at the level it is still high. a name that has a high p.e. but so much growth to support it is lulu lemon. when you look at e commerce and north america and the expansion in the asian markets this company i think you can still

own even though it has a high p.e. we had insider buying not long ago. it has moved from the 18 towards 21. i'm not sure exactly what will push it to the next level at this point in time. >> lulu lemon reports after the close. it was odd for them to blame under armour twice. there is the new gun policy that they have. they stopped selling the assault style rifles and got a lot of pushback on that. >> i also think that sporting goods is nip and tuck in terms of a category. so i don't think that you can trust that it is all about under a a armour. it is fascinating that the stock came back. i have always made this comparison. chipotle and under armour. they never got cheap.

they really had hard times for a while and tracking each other again. >> trying to mature. >> one is about indulging. >> that is exactly right. >> dick's sporting goods is about indulgement. i go to thefishing store and i am there for like four hours. >> thanks very much. >> great to be with you. >> you can see them later tonight at 5 p.m. they have one of wall street's top crypto traders joining them to explain where bit coin is headed. there is a controversial new study that could have a big impact on real estate prices. we'll be discussing it. investors are making a big bet to the tune of $37 billion against f.a.n.g. stocks. kewa story is next in today's kewa story is next in today's ta ay. prevagen has been shown in clinical trials

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time for the take away. first up amazon taking on senator bernie sanders. e commerce giant responding to the senator's repeated claims of poor working conditions at amazon fulfillment centers calling the claims inaccurate, misleading. the blog post goes on to say we have been in regular contact and offered several opportunities for senator sanders and his team to tour one of the fulfillment centers. to date he has not seen a fulfillment center for himself.

>> the fascinating thing about this, that is the accusation and giving him an opportunity to see it. he responded further to say the bottom line is the taxpayers should not have to subsidize ploy employees. amazon found out his initial accusation and he has come back with a different tone. it is a very similar tone taken to that of president trump. >> i asked who would be worse, the dems or republicans. >> the shares are too valuable as a political villain to go and do a tour of one of the fulfillment centers and decide. it comes that story of last week when some people who were employees of amazon were found to be tweeting perhaps at amazon's encouragement, being paid to tweet it is a great place to work. it is a stubborn issue for amazon and another way that

amazon is the new wal-mart. >> amazon's blog is almost a full page and they list all sorts of things they offer for workers. despite his report run more investors are betting against the technology sector. the most shorted tech stock is alibaba. others include apple, alphabet, microsoft and facebook in absolute terms. >> so the five including apple are $3.5 trillion. not a heavy real short base there. alibaba i would separate out because there has been constantly since the company came public questions about its accounting and how it accounts for different relationships. i don't see sentiment take away from the fact that short

interest or the absolute value of the shorts has gone up as the stocks has gone up based on what the market does. >> they are still beloved. >> 1.1% short is not a lot. a battle between mattress l. >> lastly, a battle between mattress companies temp you are pedic has filed a lawsuit against mattress firm inspiring to sell knockoff temp you are pedic mattresses >> mattress firm are so similar to temp you aer pedic's product they'll be confused in harm. >> may be confused -- >> i have no idea, to be honest with you, but it is interesting because there used to be a relationship, right? it used to be able at mattress firm to buy temp you are pedic and we had a loss on squawk box that covers the industry temp you are pedic is the only brand out there in mattresses that seems to have any real loyalty. so it's not as if people have

the solution >> people with back problems like that and a lot of chiropractors. >> they have a little perception that they're better, although i did see at a mattress store in the city a sign that said try it for 120 days and you can return it after that. >> that's a long trial period. >> four months is a long time. >> i don't want to buy one that someone has tried for 120 days, either. >> i hadn't even thought about that >> rising temperatures could mean rising home prices in some areas of the country diana olick is here for that story next quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now

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welcome back we are now in the heart ever hurricane season and climate change and more extreme weather patterns are taking their toll on cities like miami and that's drastically changing real estate market prices. diana diana olick is here with her continuing series "rising risks". >> harvard researchers tracked the values of more than 100,000 single-family homes across miami going back 45 years and the climate gentrification, evidence that climate change is altering home values both on the coasts and on higher ground what we found is the higher elevation properties are worth more now and will be worth more likely in the future. >> multiple predictions like climate central are dire the ocean, overtaking vast swaths of miami in just the next few decades. precisely, keenan argues why

climate gentrification displacing low-income residents in high-income neighborhoods is happening in little haiti. it's a real estate investor and community activist in the area >> all it sees is new people raising the property values and pricing them out. >> on the street, most of the homes are valued around $100,000 and this home, renovated by an investor is listed for sale at $559,000 its value has doubled in just the last three years and the neighborhood around it is upgrading, as well. >> you have longtime commercial tenants who have been here for 10, 15, 20 years and new investors and developers no longer want their rent checks. >> why because now they're redeveloping it >> one miami developer we spoke to is actually hedging his bets and also investing in a new residential and retail plan on higher ground. he argues that the property

taxes from those luxury towers help the city invest in new technology to safeguard the city from water to hear that interview and more it's all up now on cnbc.com and we have a new page there for our rising risk series >> it is such a good series. >> my question is miami, diana is if you think that technology will get there like tokyo where they have these fortress buildings that can protect them from earthquakes or everything, or if there are other alternatives and that people won't move away. >> you talk to any developer and real estate agent everyone loves living on the water and that's why it's so valuable they're raising ground level and raising sidewalks and doing all sorts of things, but if you're a smart developer you have to think about higher ground. >> thanks so much for joining us good to see you. >> it's been a busy hour for

earnings and we'll have another check on what's happening to it and what to listen for that's next. ♪ ♪

give me a quick check of the big movers after hours

>> the company beating on revenues and giving third quarter earnings guidance that is below estimates and 2%, and now down missing on revenue shares higher as the company's ceo says guess is on track to end the year with every businesssegment profitable >> that does it for the show today. thanks very much we'll see you tomorrow "fast money" begin right now. "fast money" starts right now. live from the nasdaq marketsite overlooking new york city's times square melissa lee. tonight on fast, pot and crypto. need i say more? pot stocks are lit as america's love affair grows. why not? tim seymour will lead us with names you can still buy and which you should just say no to. bitcoin above 7,000 as the shorts are waving the white flag and could this be the bottom they'rewaiting for >> genesis global will be here to tell us why bit