would say things are fine or do you see weakness? >> there is weakness you ca see that exporting >> yeah. thanks very much apprec it. >> for watching "power >> closing bell starts right >> welcome to the closing bell i'm morgan brennan for sarah eisen. the s& pull off another watchi closely and that's we tell you about that >> good afternoon to you 59 minutes of trade and the and the week we will start with what is energy leading the month

week's g-20 meeting. we are just higher on the s&p. we only need one basis points of gains the s&p 500 with a the dow is up and the high is up one 54 the nasdaq is just lower joinin us to break down the with these record highs for the value. what have you been buying this week >> question. we try to buy what others are sellin we are not momentu players what's out of favor is anything cyclic the economy will head south and you have defensive stocks at cheap. >> banks, pick out one that

rules, but one is if you ever bank, that's almost always a great opportunity. gold men sacks is trading and you get the franchise for free >> that's only fractionall above. this i a broad sector sell dow or is it goldman sax-specifi >> a timing situation. as you know, the market tends to focus short-term in the long run, the opportunity to buy these names is a great >> live during the show at 4:30 lots discussion on the storie of the day, bob pisani

bob, l start with you. >> that's around indeterminat 2.5 on the week. i would say the one warning sign that's out there is a double top in big names like amazon, apple,facebook we will see if they can a smaller number of new highs these cap names are doin procte breaking out quadru a lot of volume at the close a numb companies are oracle and home depot is seeing back t on iran minutes before it was

schedu >> the president sat down with about- we saw yesterday in the president said it came down he was told that the air strikes could result in as many as 150 the attack wouldn't be u the decided last night to call it off now we are left with uncertainty about where the policy goes from here given that they suggested aggres where does that leave us into

we don't know. the president is saying that guys >> it seems there is no topic extrao development overni it has been a big week for you watching the names for us >> yeah, specificall because o what have seen that aman presid tweeted that he life not proportionate to the sector is having a strong servic perhap surprisingl the week started wit strong close the month is out

the weekending with the industry wonder to expect from a we do have all of thes tensio >> as you say, elevated tensio does it change your view on the escala >> doesn't change our view plato said only the dead have out of afghanistan that there spendi these are great businesses >> are you happy with where it >> it's not a cheap stock, but

18 times earnings and we will have a sold over three >> what do you thin of all the >> it's tricky when you merge them together, there can be negative synergies. they cut back on t of >> let's move on to the next story. mornin what's the latest? >> around 4:00 a.m. eastern time, the energy solution import because it's the year earlie this afternoon, the

they have air samples and we the impact was big for the market future tide more closely risin by about 4%. public traded refiners like valero 345marath petroleum 2% and and 1.5% holly frontier big day for the energy complex back over to you >> thayou. charli there names you >> as opposed to defense, the year this has been a really, really oil is up and gas is up from 30% more than five years ago things are a little out of

i can't get excite >> we do some people call t vendo no other vendor has a great positi but as people spend more monoland, there is less >> shares of growth under close. >> shares are down under 7% from a big bottom line miss that pouring a lot of first. increa production capacity also marketing and development then the push into the hemp they are ramping up medical

that is causing operating to >> thank you very much we 51 minutes left of the s&p remains higher on pace only fractionall high. the nasdaq down 1/10 of 1% over 2% higher for the week and let's markets. the ceo of etn database joins us for discussion i start with you you said at the top, people are recess time closing high, up 7 to 8% >> that's why we have gone up. people have been s

are pessimistic and the market i am feeling lonely here jim kramer said he doesn't have second that's what we are hearing busine in the u.s. is good, >> where do you fall bull or bear and how do you opport >> they have been resilient this year and many would be in charli billio coming in and market they are up less than the it is very, very attractive when we see billions going into not

they performed three times better the biggest gold is a tracking a lot money in the last month. it's up over 10% >> whether it's gold or china, critic >> it sure is and really critic now that we see a lower dollar it will be important that things be stable and the messaging is fed cuts with this lower dollar and trade balanc it's that much better we are through flows advise tend to be recent >> tom, thank you for joinin

us >>you. >> to come, much more on today' market action and the we drill down on one secto that helped push it to these >> caterpillar on growth fears the company's ceo painting a we will bring you those comments ahead. >> a check on the data tracke the june pmi at 50.1, the worst the top estimate up 2.5 versusil . with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company,

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oil. the interplay of stocks and oil it was relatively narrow there a couple of ways to the new york stock exchange has this i confirming that the indica up versus down, the many days howeve look at this other versio it shows you how many industry

this i from baird research not as many groups are really going up so it's not a brud >> this is industry groups and it's the subsectors? >> exactly the more narrowly defined groups it's giving more of a granular partic >> coming back, you like goldman are yo switching or not?

both stocks are cheap, however then you can put your money in they are leading the way wit >> thank you we will see you in about 15 or >> we have about 40 minutes any close higher is a record up about two points right now. >> someone reminded me before thank you. >> up next, caterpillar catching a downgrade and seeing the >> awaiting th results on the

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bell time get the word on the peers. >> jpmorgan lowering to $50 from $64 a share citing bands and

howeve atlant equity is downgrading here's what jim had to say about "mad m last night. >> we stated we expect them to this year. we are dealing wit the we seen this before. we hav through it. >> charlie, wha do you thin we heard himular things in the midst. >> thi illinois an compan it's a great company. if you going to pick out a would it they good growth and people to have a big build. caterpillar is abo dir around if you new roads and

>> that was a great interview. where as the flip side on the that's demand. they w a bullish target down >> between those two, i would names. caterp modest, but real. micron very real >> and the stock trading down 3.4% the back of that note we have 35 minutes left of trade. we are higher by 45 points on

the high of the session was we have slight gains down with russel lags down almost 1% a strong run as interest rates money work ahead of key earni >> here's a look at the s&p 500 on pace for the best june sinc this is the final

a lot watch. time now for an update with sue herera >> hello, morgan and everyone. hour house speaker nancy pelos who

>> absolutely. i think -- i don't kno how and i'm glad the president did >> a bomb blast killed seven a police source said it was the de expected to rise condit >> the indian prime minister beforeing in an hour long yoga session he said yet harmon progress. you are up to date this hour back downtown to you >> indeed.

>> sue, thank you. let's go to mike for a second >> you know, today, st. louis for a rate cut this past week at the meeting and fixated on here the path of inflation a measur the pce, the fed's expend here this green line is 2%. you see it roll ov that according to a lot of doves gives car and keep in mind and

we have seen these declines in psych well a lull. we are basically producing 2.5% back when it was at and lady 2015, they hiked and waited a there still a debate about an issue or structural one. either way the market made up we will see if that changes. >> either way, that sounds like you have dual mandate and single mandat as soon as it's dual, they the wa you want to see them is

secret considered. >> a doubt by the way, different members of elemen differently some o them really fixated on and some say look, maximum in >> mike, thank you charli your thoughts on commen >> i grew up in the university inflat the market is convinced there is no inflation if you look at the we had the core cpi number at 2% this idea that there is no we have a president who thinks strong there are a lot of factors tha

record tight unemployment levels >> manufacturing pmi of 117-mo and services pmi there signs of weakness and it's a dual mandate >> again, gdp was up 3.1%. busine activity when we talk record low if the industrial world was so slow, why is unemploymen at >> let's focus on the key area housin the strong data coming ahead of lennar expected to report joinin us for a check on

market given latest data this mornin how would you assess >> we have been positive a we saw the 90s with asia and we are benefitting from rates. >> what was your take on the >> expected. i think the detail is really month, are seeing existing down. not all markets are moving equall but that's a good sign.

texas continues to florid is good >> we hear about the shortage in invent the starter home why does that persist and what >> home values have gone up and invest that's whey would say. what does it take for the home builde they need to rotate into a higher dit unit. town houses as opposed t and with this environment, the

>> this is a real opportunity new family formations drive that rate and yet we have been with the 10-year down, financing we think we can get significant econom >> we have kay bee and lennar is more room to run in the stocks >> yes we do have larger names. month. there has been real concern we are seeing, you didn't see

they need new unit and it is hachlt still to come, we will look at disney dominance at the summer box office with adam >> 4:30 eastern time a preview of that coming up with the high any will be a record close -driverless cars... -all ground personnel...

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sessio had i big week, the euro versus they hit it hard and 112.08 last week 113 this week. big rebound. backyou. >> i'm going to jump in for a both of them were dovish is it just that they were more dovish he has an abundance of straw you they are responding and that's a joke. how lo lasts and whether

not. . they are on the fence about how contes brewer has that story >> morgan, $2.6 billion will buy a lot of glitz and glamour we are inside the encore with 15 bars a restaurants you ha 700 high end wynn resorts is hoping they can five-s resort in what was you have the casino and it's the grandest casino that they build. it take time to see a this i more specific maybe 88% the first year and 13

he points out it relies on who it's big topic wynn resorts is pushing transp they have water ferries and posh schult buses will the high end customers use that i talked to one bostonian and we are used to sitting in traffi >>contessa, the gaming floor they have the private suites for they w guess they want to no, they are not making any bet, so to speak, on bet size

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cbs owns local stations that do spendi >> par know they are going to >> they are associating rates a nice combination >> interesting citigr announced new hires t the banking. >> they invested in banking part of citi's push to get into there ground to make up and

we are expecting round one >> 4:30 p.m. we will get the first round with thursd all of the 18 u.s. banks facing you would get share price there also five international banks whose fate i clear over 10% for the likes of city you are looking at it there and

so far of course that hasn't we could have kicked off the with you mel any is on the board of jpmorg jamie diamond we think is the got too excite and now the that puts pressure on the the thing is the a lot of people think it will be a tough second quarter >> par mentioned having a good manage wells fargo is trading at a

would that be a game changer >> it makes a huge difference. there worse than a notiga manager busine run on auto pilot and banks can't. we pick investments based on the manage we love the management at >> have what, nine minutes t go trading had be caps. are worried about that >> bit the u.s. economy is the we like small cap here and you >> thanks for joining us here. apprec it. up next, the s&p can close at a wire we are watching it so closely

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we lost the gains on the s, and p. fracti lower and not thanks joining us. we start with the broader market >> the mentioning that profit especi when we have i was a little bit surprised weeken >> escalated tensions with iran g-20

>> are pricing in the outcom and i don't think they the increased risk for tariffs it is turning sour if you get both si to resolve it, that will be what market priced in already >> the mideast tensions, how has that been pushing you towards? >> the spread between them close a litt bit you see the oil trade at a premiu of a safer place to source the

oil. i said they fight the majors and go away from places like they help the services sector if we more production and more that benefit the services hallib you can do that >> shawn cruz. thank and have a good weeken let's go to mike for the third dashbo hey, mike. >> let's look at how we got here the haves and have nots within if you at the break down,

index as well as the semico semis in the lead and the fang 500. you still have the transports we not seeing the and even the banks do well that that seems to be the muscle memo memory technology. that confirms the trend. that takes you before the market low of last year here you have it it's s the semiconductors you call it a nagging or theent group.

let's the nasdaq. week facebo had a positive impact alphab announcing they are the week the best since january the first day of summer, crocs taking a dip amd under pressure and t-mobile pay pal having the biggest impact the futures are rolling over indete day 7% run up and 2% this week small number of new highs. cisco, microsoft, visa,

travel that's a big move up bad news is, we are oversold for the moment this rally has been on central not on fundamental downgr today and there is closin >> welcome to the closing bell >> i'm morgan brennan in for cnbc market commentator. taking a look at how we finished the week on wall street. the dow finishing a day at stocks settle here the s&p finishing down three

keep in mind the major averages we are on pace for the best june since 1955 it has been a strong week for every sector higher. energy is the big one, but after that, tech and health care yields went up and then down the dollar slipped significantly down 1.4% for the week no doubt we will hav the big export

for a few things, really low sentim to major less so. a litt bit of a risk asset why not close at 2950 when the it's a nice round number how mu more play through >> when we look at the bond the 10-year. a big push to the stro that's one of the things you them going up. very low cost of corporate and

>> how would you categorize the market especi in light of the fed >> that was to be expected the u.s. bank of japan >> what do you think has taken us t >> the big thing has been the world. you combine that and what's they shifted defensively and what they have been buying defens parts of the market melt on the near term.

you expecting it just the pivot and are now at the july meeting. we want to not cause a mental approa the political >> how much does that hinge and g-20 next week >> our view is it hinges write a lot. the is threading the needle that matter quite a lot. it

>> not really. to me, oil prices would always stock market gets smooth what i mean is if oil were to now. i think investors in general, going to be something that up ends part of the geopolitical as pekt of it. the energy sectors found it's more attractive there and >> equity inflows that

$9.82 billion. intere in the middle of th month. are going to get more move a we get to the end of this month >> it seems like plenty more behind you had massive flows into fixed income funds this seems to be a little more revers if you look at the bond markets they are overbullish on treasu and you think if that gets it

>> you look like you are notinon your head in agree >> yields are low forever. they are doing really well the risk is if rates move higher things like this may be >> what was that >> not seeing that generou way put it this i of a tactical call. people are too bearish on the region chines stimulus and europe has a tactical basis if we see

>> more broadly, how are you counse >> europe is the primary and seems to be fairly wel priced into the market mostly because they love as far i'm positioning volati and understand that rebalancing but ac dynamically enviro >> when you say embracing volati they mean take they finish at about 15 and did

if any happens over the there. >> do they like to draw from >> it's not ideal if you want to look at them doing well, but you you are not seeing the rank and file >> the flip side is seeing the >> it seems like an unstable situat >> we will leave you there thank for joining us up nex on the closing legal, a giant explosion rocking the

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bell the nasdaq gaining 3% on the week let's get a check in on what led to it. >> like you said, is down, but up for the week and high the etf having a great perfor up nearly 6%. the best since mid-january the best performer out of the up more than 14% before news that they were netfli had the best week after sandle movie >> thank you very much for that. sendin gasoline prices higher. for energy policy and joining us on the phone, we will hav the

inform services. let's with you how serious is this explosion >> right now it's yet to be determ the company is giving updates. there concerns in the there indication that the are still waiting to see as farcapacity, we are not >> tom, in terms of this, some u.s. it will probably arrest some of

from from 2011 to 2014. we do believe that the unit is that's kind of a unit that mornin that is not a lot. partic when you have four swings europe refiners an canadian i think that it stabilized prices but people should not

prices >> christina, there is this busine >> of the u.s. refining busine no. there questions that people may mergin from bankruptcy in having ongoing financial challe relate to low cash balances, there may be questions about the ongoin stress at the refinery. does that have anything to do it's way too early to tell there also maybe some pes? again, that's an old

strugg wti crude up almost 10% on the given all the tensions, are you >> absolutely. i'll r i'm surprised that the it's a crowded trade and a lot we don't think the opec will probab the next pivot point is going to be the g-20 in osaka. if you have an escalation, you if you see a breakthroug

in 2020 which is an election year, we believe it is shaping than where we end up when we'r >> so tom, just to wrap all of wow, that's witchcraft >> accurate to two decimal places please. >> i think the mid 60s and 8 to we think the year will end with you have two million barrels a on the line in west texas. that means producers will wrap year you see cheaper gasoline i

decemb than now. cheape crude than you will notice advent >> sure it will be thank for breaking this down, christina and tom. thank you. >> thank you >> still ahead, mike santoli the market >> for has been a tough run at

let's a look at finishing 0.1% not quite a record closing high the dow was at session lows or the nasdaq down a quarter of 1%. the indeces for the week health gains for all of them 2.3% let's go over to mike for the >> just to carry on the look at the index compared to you see it over the past five years. not a big surprise s &

within ban, that has not 2017 they divided by the price of oil. either of the classes. this i why i think the stock obviou back here, it was

this iwe can be okay in >> i wonder what the chart would have looked like >> in 2008, this was headed almost 3,000 now >> between 40 and ats, as long it doesn't effect the economy. >> not in a decisive way >> hey, sue. to more than 35,000 pounds they make it the largest cocaine hall through customs they put the street valley at

$1.1 billion >> under president trump we will hunt d traffickers unturn >> michigan state authorities doctor it is the latest attempt to commun the rapper cardi b indicted on the rapper and her entourage she is expected to be arraigned you are up to date guys, back to you. have a wonderful weekend >> the same to you, sue. have a lovely weekend. >> what's coming next? the results are due out any

minute we will break those down with but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow.

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we get the numbers coming first what are you expecting from >> what we will see from all of the stress test. as you know, the stress test has we expect all the major banks to pass >> tom your see thing to watch. >> i'm watching for the name of >> either failed or came very share price reaction >> we would. it a shock to the system there would be less golf played >> because last year there was a

the capital is stronger. i can't imagine what a negative >> stick with us the results are heading to the leslie has been diving through >> as the analyst projected, the larges banks remain well-c with a severe they inside a statement the they would be well positioned to suppor the economy even after severe shock an indicator of financial level of 12 preponderance 3% to a mini of 9.2%

among the big six, gold men came in lower, but all banks handily >> change in the banking law comple were test and almost they tested a 10% rate in a we will see part two where they result >> the documentati >> given his public statement in the release, he did seem

they tested for those and all of test >> thank you very much for that. gerard cassidy on to next week, >> you are going to see strong as you know the banks are over we would expect the range of months 130% should strong number as we expect big numbers this year year >> i will put the same question >> i agree with gerard the average of those 18 banks

earnin that w combination of not a lot of suspension. do you it has done nrts, are they more inclined to in the absence of taking on risk >> it's tough to isolate the one factor the great recession changed everyb approach to risk gerard and i had separate

when we were at the worst point, we get back to a golden he told gerard and me, we are in the golden age of banking. >> were there no concerns when >> my meeting was at 2:00 on wednes they didn't anticipate that the they will be prepared to deal have strong so muc more liquidity and capita at a high level of >> gerard, i get that the

you ha stranger regula how mu will politics play a >> when it comes to return of many regional banks the tell us they are closer to levels that as tom pointed out, these banks meetin he is very confident

banks. >> from a value standpoint, i that's the best way of seeing apprec if someone >> overseeing convincing as raisin the red flag to policy makers sounding the alarm >> later, g-20 in focus. high stakes summit kicks off watch. watch. closin comes back. ♪ watch. closin comes back. ♪

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i beli an aggressive action he was the only voting nob do

chicag and chairman from the excuse me. david tockman, for director reagan us i will with you. i'm looking at talking points error. one, it can't do anything for >> 'not? >> we have been at rock bottom the fed is essentially to on a big fat ugly noodle in othwords, there isn't any why do i believe that, 90% of

they c borrow anym 9.5% of the year in the last 11 years since crisis it has been a quarter o 1% the household sector other out. you are not getting anything there. that may cause more borrowing in the last three quarters, the in othwords, there is no they are at rock bottom. the thing it will do is nothin for main street until w finall get a double collapsing

in this world we are in today, recess were caused by bubble collap wall street the fed this saying that it's going to deliver the very asset >> to that point, do you thin >> maybe >> david and have been debating there are some as tenths that i bound. that t cutting rates by 50

basis points is going to save coming i think that's unrealistic where i disagree a bit, i think yes, it's true they can't generate prosperity, prospe by raising rates. it would harm investment even lousin slowing i think the fed is doing what it needs do, but we should all reorie expectation of how bi of a positive that's going to be >> in relative terms, other bind >> absolutely right. you would rather be in our

a litt bit of bigle room, but the financial period is if you >> who is talking has be measured as 16% 11 if we were to normalize interest rates, it would cause the bubble it little to do with the

househ borrow. how di it help spending? busine investment in real it replated the bubble we are up 300% from the march that's what it did corner it can't let the bubble collapse like 208 or 201. you are ultimately going to have a worse disaster down the road >> we will leave it there. thank for joining us >> thank you >> a strong week for equities we are having a look at the move in internet. >> notable outperformance in and

gains 6% just this week. this optimism ahead of g-20 presid xi of china to take >> thank you up next, show time more like play time. toy st four hits theaters, the ceo will join us to discuss. y that sometimes a little down time can lift you right up. expedia. everything you need to go.

down 8.5% year to date despite

>> the highly anticipated toy joinin us now is adam aaron. i will put that to you with toy story four, do you >> we always said that when 2019 starte just looking at the slow, the second, third, and fourth would be huge that's what we are thinking. april was the biggest of all gentle may was the second biggest toy 4 opens this weekend g-rate movie it's going to be big when you look ahead over the

there are enormous movies coming out. >> talk us through the sal >> i don't thi we are going to get that level, but avengers currently within $27 million of being the biggest movie in the history of cinema, closing in on $2.8 billion but when you look at the next six weeks, we have got "toy story 4" this weekend, of course "annabelle 3" from warner brothers, then "lion king" of course, and ""spider-man: far from home"" and universal has "hobs and shaw" coming we are actually bullish about what is happening for 2019. >> adam, those titled that you mentioned there pretty much tell the story of why people go to movies and for what types of films. it is obviously these kind of big event movies, whether it is

super hero, some horror and things like that is there a chance the studios will overplay the hand or do you think there's a base of people willing to go for the big budget stuff? >> well, it is funny you mention that because we actually think there's a real opportunity here. just in a week or two we are going to announce something called artisan films at amc where we will be celebrating some of the smaller and mid size movies there's a movie coming out in a couple of weeks called "yesterday," which is really a brilliant movie about a young song writer who lives in a world where no one remembers all of the beatles' hits that he gets credit for having written. it is an amazing movie, an example of a non-blockbuster we think will do very well at the box office so big movies, medium size movies, small movies, we actually think the future is quite bright for amc and for movie making >> adam, i want to shift gears for a moment because all eyes,

certainly all investor eyes are on the g20 and the talks between the u.s. and china specifically next week. headline out of "variety" earlier in the month, trump trade war starts to threaten hollywood's business in china. how would you assess hollywood's business in china, especially since amc is partly owned by awanda. >> we ourselves, amc, all of our theaters are in the united states, europe and the middle east so we're not affected i think i will leave the geopolitics to president xi and president trump. i will focus on getting people to see sheriff woody and buzz lightyear this weekend it will be a big time for movies here in the united states no matter what is going on the face of the world. >> adam, would you like to have seen the recent netflix release with jennifer aniston and adam sandler, murder mystery" hit theaters >> it is funny you mention that one too because actually next week we will be doing the

first-ever cooperative venture between amc and netflix. we're going to show a short in some of our i max auditoriums in new york, los angeles and san francisco called "anime," a film by paul thomas anderson. essentially it is a 15-minute rock video from tommy ork, the front man from radio head. it is the first cooperative we have done with netflix i have been on your program saying we would love to show netflix movies in our theaters i can confirm that discussions are under way with netflix and amc. now, how those discussions turn out we don't know yet. we've been pretty insistent that we have a healthy theatrical run, but we would love to see netflix movies in our theaters, and those conversations are taking place >> adam, great to see you. thanks for joining us. >> big summer ahead. up next, your wall street look ahead, the key things every invest needs to watch as we head

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welcome back time for our wall street look ahead. fedex said to report results neck week and the g20 summit kicks off on thursday. let's start with what to watch on fedex you got that for us, morgan? >> i do. it is similar in the g20 in the sense you are focused on trade fedex has been grappling with company-specific issues, most notably the integration of tnt express, but it lowered its outlook two times in december and march. sluggishness in europe and also signs of slowdown in china, so what is the delivery giant seeing now, especially since it is under scrutiny in china due to the mistaken diversion of several huawei packages to the u.s. other big topics, ecommerce growth, especially at fedex cuts ties with amazon for air services also, keep an eye on cap x, fuel impact stock finished down about 1.5%, actually the worst performing in

the dow transports over the last 12 months as well. it is now down almost 33%. >> and it is similar to g20, of equal global importance as well as the g20. >> clearly. >> on which note to the equally important event, g20 taking center stage next week eamon has a preview of what to watch out for. >> that's right. g20 similar to fedex, of course. look, we have no idea what will happen next week we knew or we thought we knew that there was going to be a meeting between the president and xi jinping and then there was doubt about it now it appears that meeting is in fact in the cards so the question is whether we can get a deal next week between the united states and china. officials here at the white house have been trying to lower expectations for that, saying that ultimately the prospect of a full-borne deal coming out of the g20 next week are probably unlikely but they might make progress in the negotiations face-to-face ultimately, the sticky issues have to be dealt with on the principal level between the two presidents that's the expectation here.

you can expect that the market will be really focussed on the g20 as well next week. that really -- everything else hinges upon that so i'm watching this and it is going to be a fascinating one. >> eamon, thank you very much for that eamon javers at the white house. mike, if we get some really good news from the g20, does it hurt expectations? >> i don't think much. i think it will come down off a 100% implied rate cut for july maybe. i think what they're focused on with regard to g20 is does it delay, deavfer or take away the next round of tariffs. if you can push off the next round of tariffs, i think the market can live with that result for a while. >> yes of course we get earnings next week and more question marks around the tension involving iran. >> and the market still has a little bit of reserve of nervousness around those things right now. i don't think we will fully turn

to earnings, but we have to do that preannouncement we used to talk about preannouncement season and the bye-back blackout period and we're kind of there. >> strong week for equities. dollar softer on the week, down at 96.2. we're out of time. thanks for joining us today. great to have you with us. that does it for "closing bell." >> "fast money" begins right now. ♪ "fast money" starts right now. live from the nasdaq market site overlooking new york city's time square i'm melissa leer tonight it is a golder rally the commodities surging above 1400 for first time in six years, but could it be a warning sign for stocks? plus, big banks passing the stress test with flying colors moments ago. first we start off with a record breaking week for wall street. the s&p 500 serving two all-time highs this week, stocks closing out third weeks of gains with the s&p 500 on track for the best first half of the