announcement that begins right now. >> thank you very much and we will see you over here in just a few seconds prenup in human history. welcome, everybody they have to work out these terms because these economies are interconnected and i agree i'm tyler mathisen and here's the next 50 years will be what's new at 2:00 on "power lunch. for a lovely summer friday determined by the trade deal that is negotiated right now retail at risk >> boy, i hear a lot of people more tariffs coming down the pike it appears and we'll tell you which stocks could get talking as you do that they've got to work this out slammed the hardest. plus, energy stocks up in because it makes too much sense for them not to. flames it's the worst performing sector >> not to, right in the past month. but a top analyst will tell us which names can be saved from >> but a lot of nonsense >> there's a lot of nonsense and i don't think we've plumed it. the inferno and later, pinterest >> i think there's still room to its best day ever. go there 300 million users now. early pinterest investor will be the two economies are really, they are interconnected. these are really complex issues and i think what i would rather see them do is focus more on process. working on ways to deal with these issues these are dynamic economies, too. >> the huawei one is is b alistening as "power lunch" begins right now it is been a rough week for the interesting. the u.s. has made it easier markets. all three of the major indexes on track for their worst week of comparatively speaking than what we thought a few months ago for some companies to continue to do 2019 the dow down about 240 points business with huawei

i'm not hearing much by way of right now. shedding nearly 900 points this week technology, the biggest laggard, their reinvolvement. take a look at apple, microsoft, does that suggest it's because a amazon and nvidia, all moving lot of these u.s. economies still depend on that lower by roughly 2% or more in a that's kind of what we're couple of cases. we'll have more on that kelly talking about, right >> we're talking about the fact 5g has civilian and military later. >> tyler, thanks to the breaking news expected applications down the road so there's a great deal of concern this hour now. president trump is about to make how this is used in autonomous an announcement with trade on warfare should it come to that the eu there are always big eamon javers has more now. conversations. i thought huawei was kind of >> the president's run ining a w taken out of the process to an minutes behind there in the roosevelt room at the white house. you can see cattle ranchers are extent, but not favorably so already gathered for this event. so i don't know whether that's been smoothed over we're expecting an announcement of an agreement with the eu to hard to tell from the way they talked about it. >> when you look at the nasdaq today down hard, about 1.7%. allow more u.s. beef to be if you, do you think you should imported into the european union based on a quota system there. rerate tech companies and the that's viewed as a positive for opportunities they have. >> absolutely not. >> what's interest iing about ts american cattle ranchers market is how calm it's been we haven't seen any more than larry kudlow earlier said this two days this year where the s&p

is going to be a fun one and the reason i think he uses that 500 has moved up or down more than 2%. that's compared to an average of language is because this is a stark contrast between what 17 days. we've seen in the china trade and even though these negotiations as you were talking uncertainties have elevated, it's clear the dow and s&p is down less than 2%. i think what's going on here is about in the last hour this is a win for the u.s. and a win for cattle ranchers and an opportunity for the president to show his trade policies are is that this goldilocks economy bearing fruit here ultimately, guys z >> thanks. as we wait for president trump, that keeps grow iing at a slow pace with low inflation is enough to reassure investors let's bring in tony fratto that the fundamentals are in founding partner of hamilton place strategies tony, welcome. good to have you >> thanks. place. >> over these concerns >> so were you caught by >> i say stay invested look for a dip then invest more surprise that the president did because as long-term investors, you want to be in this market. >> two points. number one, there's an enormous global central bank. what he did? i frankly wasn't after the interest rates are too low chinese made it very clear in their statements i believe it was wednesday their time that they were none too pleased with the president's own rhetoric just because i have to, when you >> i think going into this week, look at that picture, this announcement will in fact be all we didn't -- hat no cattle. >> right >> we didn't see this coming, >> you couldn't resist but once we saw the way that >> you know it's sunny in that conversation went and the room >> but look if you look at the reports out of it, you know, it's, when you think about this positive trade agreements we've seen so far, they amount to

agreement with the europeans, that may be coming on beef, we little negativity with china is very big. >> let me ask you something remember trade disputes are a which i think. that's a left turn it really caught my eye that the they happen, even with economies that we've been trading with for defense department is now going 400 years. we're going to have trade to take a second look at disagreements with china so this is going to be fairly amazon's bid in the contract for normal for a while cloud services >> we had a guest yesterday, i believe it was fred kemp who was on yesterday and he concluded with a statement that effect of this. it's really a two horse race why do you think at this point the defense department decided don't think this is only about trade. this is only a collision of two to look again at amazon? systems. of two economic powers and the you're smiling >> a guy in a round office >> doesn't like amazon sm. resolution of this struggle is >> doesn't like amazon and made going to last for decades. it an issue. going to look at second check at it's not only trade. a lot of his you saw the same with at&t >> fred is right this is the single most and other activities important economic relationship and more than economic he is upset by something this >> it's more than economic government is doing. >> for over the next 50 years. he's not afraid to say out loud. right. the government is responding to we're not talk iing about what the things that he says. happens in the next five months. it's a 50-year dance that we're going to see for these two by the way, we went around the economies.

cultures standards for the social compact world. >> let's dip in if we might tony between the government and its people these are enormous questions and and go to the big guy in the they have enormous consequences round office for a very long time >> after the announcement >> wonderful day yesterday, goldman last night raised the possibility that the a wonderful deal for a lot of president might tariffs on eu people today, we're signing a breakthrough agreement that will make it easier to export american beef into the european autos. union. we've been under negotiation for slightly quite a while. just saying we have to take all of this now. maybe as a greater risk. didn't cliffton had an and our beef farmers we didn't interesting counterpoint which is sometimes the president likes think were being treated fair to come out when he's ratcheting up tensions with china and have but the european union stepped up and we appreciate it and we have great representatives here a small deal with the eu or japan on the ore hand, maybe pushing the mexican canada agreeme with us today. agreement. will we see more movement in a this is a tremendous victory for american farmers, ranchers and positive way on some of these of course european consumers because american beef is bilateral trade deals to off set considered the best in the world. we're delighted to be joined today by ambassador robert what is now the escalation with china? >> i think he's more likely to do the things that he says he wants to do. right? he likes tariffs lighthizer, deputy secretary of agriculture. sennski, the european union's he wants to use teariffs he sees them as a virtue, a

ambassador to the united state . means to an end, but he reallys and representative of the presidency of the counsel of the help this economy. in contrast to where the eu republican party has been and a i also want to thank senator lot of economic, some of his john hogan, my friend, for being economic advisers have been as well >> so you're more goldman camp here along with john, good job, >> absolutely. john along with the president of the he would love to put auto national cattle man's beef association, jennifer houston. tariffs on thank you, jennifer. he want to see if he can get something first. this eu beef announcement didn't and the president and ceo of the just pop up this week. they've been, in fact, it's been united states meat export announced twice already going back to june this has been in the works maybe they took advantage of federation, dan hall strom thank you, dan, very much. doing the public event with it congratulations. the agreement we signed today today. and to counter will lower trade barriers in >> because people say wait a europe and expand access for minute, on the one hand, we're cracking down on airbus, we're american farmers and ranch rers. in year one, duty free american upset over the subsidies beef exports to the eu will on the other hand, we're expanding beef markets to europe increase by 46%. m on the other hand, these tariffs may be coming on europe over seven years, they will increase by another 90%. p specialty foods. in total, the duty free exports it's difficult to wrap your head around what that status is >> so we have to find certainty from rise from $150 million to in any of this $420 million and increase of

the uncertainty is the theme of over 180%. my administration is is standing the day. certainly the theme of the week up for a farmers and ranchers as chairman powell emphasized a number of times and we're seeing like never before. we're protecting our farmers in more evidence of that. many ways including with china >> stick around. you may have read a little bit ron insana is with as stocks try about china lately for their worst week of the agricultural churl products and exports have increased by more year is there more pain ahead ron is with us and neil. than $10 billion and beef export we appreciate you being here have increased by more than 31%. i want to go back to this idea not of the collision of china in another major win, we fully opened the japanese market to and the united states so much. but i was hearing this morning u.s. beef. as i rode in the car about a we are also opened markets in trade dispute between south korea and japan. tunis tunisia, morocco and australia i think you're pretty happy and it's serious about that never seen anything like that and what it says to me is that happen not with your other presidents you haven't. the world is, has, has started and we're reducing burdensome regulations that unfairly to move very distintly away from imagricultural producers when our farmers became victims trade comity to adversarial relationships in trade of unjustified retaliatory tariffs from china and other a mercantilist approach to doing business and that does not auger well it countries b, we provided $28 would seem to me for the global billion over a two-year period in relief.

they were targeted and we took economy. care of our farm eers. >> it augers well if you like the 1930s. >> if you like the 1930s and a and ranchers and i signed a historic farm bill which provides our farmers with certainty and the kind of race to the bottom on currencies >> the chinese currency almost hit seven in overnight trade on certainty that they need while supporting increased agricultural exports the tariffs. we saw asian markets down hard european markets down even the agreement that we are about to sign keeps one more promise harder on concerns they're to the great patriots of caught in this trade war between the united states and china and you have a wide variety of american agriculture individuals running around the planet talking about populism these are indeed patriots. and economic nationalism led by they're also targeted first by other countries to try and take steve bannon, others who are advantage of the united states they're the first to be targeted, but we, we take that sell i selling this idea all over the world that multilateralism is bad, bilateralism and economic target off their back. opening markets for our farmers is about more than just an nationalism is is of supreme industry it's about a way of life importance generations of hard work, tony and i might disagree. i think we're looking at u.s. china and having the same passion and dedication have gone conversation we had in 1989. into making america the largest producer of high quality beef i don't think china is a threat to the united states ultimately anywhere in the world by far the way steve bannon or others we're proud of our farmers and would suggest. >> japan of '89 was about as ranchers we love them and with this good as it got for japan announcement, we take one more step in giving them the level >> and as good for china

playing field that they have, 22 million unoccupied homes. they've really been looking forward to this for many, many years. you folks know that. they want a level playing field. that's all they want and nobody they have a 300% debt to gdp rh can beat them. owe. they bought things and sold so i want to thank you all for them the same way the japanese did. being here and now i'd like to we overestimate their invite a very great gentlemen, a capabilities, particularly as they move tworowards a norwelli friend o mine and somebody that's done a fantastic job for our country. ambassador lighthizer, to say a few words and we'll follow that state. >> before getting into more on up with some of the very high that, people here who are saying well can i own u.s. stocks with officials from the european all this going on, the landscape union. tyler described now, having these major shifts underway, one camp says u.s. the is the most thank you very much. bob. >> thank you, mr. president, for being here today and for your attractive house one says now you've got to price leadership in making trade out the growth and trade policy work better for all americans. >> ambassador lighthizer, we'll opportunities, especially for big companies in the s&p 500 that you could previously count on >> we think international continue to monitor what he says there as he gets into the details of this new beef equities is key for a diversified portfolio. agreement that will boost the >> you want to own international amount of american exported beef eck quities. into the european union. they were the worst. >> we want to own a diversified it is not a huge deal by any portfolio. this is a globally and stretch, but it has certain interconnected world whether he significance obviously for

like it or not and china is the ranchers and beef producers. let's go to eamon javers at the lynch pin of growth and thk of t white house who's opinibeen monitoring this. he's actually in our bureau. >> that's right. this is the president shining a light here on this deal as you say not an enormous deal tradewise, but this is the president's opportunity to do a little bit of an end zone dance and say that his policies are delivering results for voters across the country, particularly hard hit farmers you saw the president there emphasizing the idea that he is willing to have the back of america's farmers. that's a reference to the fact that the united states is now sending money to farmers who have been impacted by chinese retaliation to the president's tariffs. that they've been caught up in these political cross winds. the president is determined here not to allow those political cross winds to become political cross winds that affect him in 2020, so part of what he's doing is is taking some of the economic pain out of the the retaliation by the chinese and then also by doing an event like today where he's shining that

spotlight on some successes he's had that are really benefitting farm country so this is an opportunity for the white house to drive home that message today >> all right thank you very much. >> and tony before we let you go, we talked about what the real significance of this deal might be is it possible that we will see a better relationship between the u.s. and europe over the next couple of months while china remains the thorn. >> we hope so. trade agreements are hard won. hard to get so so even though this is a very small agreem let's hope it signals something to more accomplishments in bigger areas we don't want to see auto tariffs. we want them to do a deal that includes agriculture and other products hopefully this is a first step toward that. >> i notice you're sounding cautiously hopefully. >> hope is not a strategy as we say, but we want to see them try to build on this >> all right tony appreciate it. thank you, sir

we'll continue to monitor this event in case the president starts making further comments up next, much more on the impact of the new tariffs on china that are scheduled to go into effect next month. we'll talk b about how retailers are doling with this and oil is rebounding after yesterday's plunge it was its worst drop in three years. is the bottom in or not? we'll ask an analyst for his price prediction coming up on "power lunch."

retail stocks getting rounded. the etf attracting the sector is down more than 3% over the past two days as you see it now down about a half percent thursday's tariff announcements certainly rattled the markets and we're going to go to cou courtney reagan for more hi, court. >> hi there, tyler this announcement that came yesterday, it really moved fear into the reality for the retail sector, but 24 hours later, we're seeing some recovery in the stockprices. you just noted that etf that tracks retail. the xrt. now down just about half a percent. that's better than broader market, tariffs on goods imported from china, like clothing, shoe, toys, electronics will cost companies more when they import them and then those higher costs will get

passed on to consumers in the form of higher prices. at least in some cases, by some retailers, so steve madden is down b about 3% or so and this is after shedding 9% thursday. that makes sense because 94% of its u.s. sold goods are made in china. but that's not necessarily the case for all retail. so thursday's wide and deep sell off was a little overdone for some names for instance, levi has said total annual china imports are less than 8% of its u.s. imports and that stock was moving lower. the impactsligib negligible abercrombie sold up sharp ly, sh up about 6%. fdr said it could shift more production into the non china factories it uses, so it's making up ground coach and kate spade parent company tapestry sources about 17% of its goods from china, but less than 5% of its handbags and

shares are up about 1% today so maybe some cool er heads are prevailing >> we'll ask thank you. our next guest says the additional tariffs won't be catastrophic, but it's saying retailers could see a disruption since the holiday season is just around the corner. jerry is former hudson's based ceo. there was somie panic yesterday. was it unjustified or were we talking about major head winds for these retailers at just the wrong time >> i think the tariffs are important, but impact has been exaggerated. if you take a look at retail, start with retail. retailers will respond many have moved their supply chains they're going to go to their suppliers, go 10%, not that much they'll look to manufacture elsewhere. third thing is alter their assortments and not carry the things where they don't make as much money and the last thing they'll do is pass price

increase on to consumers if they have to, but they're not going to lose money on this in the end, so the stock results we saw yesterday they were just in my opinion absurdly extreme in terms of the reality for retailers. >> i was just going to say best buy was down 8, 9% steve madden was down big in today's session by about the same amount. so people you could say are just worried that this 10% is going to go to 25% we've seen that happen before. if it goes to 25%, is that a different story? >> i think a point at which that it starts to hurt, but even that, as long as there's a rit l bit of time to react, retailers will react on the lines i just outlineded and even there's not time to react. there's a one, two year impact be from the consumer standpoint the $300 billion in goods that

we're talk iing about here, they represent a small percentage of the total $14 trillion in consumer spending in the u.s. and i did some calculations, ran a little model my estimate would be even if prices on all those goods increased by 5% and i don't think that's going to happen for the reason i outlined, then the impact on the overall consumer is something like a perceived inflation rate of a third of one percent, so basically, almost nothing. i know it's going to hurt some specific players there's some specific parts of the industry that are especially concentrated in china, but capitalism is fluid and will react to this. >> so let's go to the one specifically that you have in mind that might be the more vulnerable ones. there are you know, i take you point that the consumer is healthy. but there are a lot more price konz consumers in the united states than i think many of us like to think of so i would think maybe the price conscious segment that would be hit hardest. do you agree >> i don't really.

because i think that the walmarts of the worworld. they have the clout and able il to move fast tark, costco, dollar general, t.j. max, these companies can and will respond amazon is becoming more of a marketplace. their sellers will just change out and the people who can make money will stay on the platform and will do great. so i don't really see those people as being our hit. however, retailers that are weak, particularly department stores, people who have someone like a j.c. penny, a high concentration of own label merchandise heavily manufactured in china, they're going to have a lot of trouble because that's hard to move quickly and they're already in a weakened position just like what's going on o in retail as a whole, the department stores are in trouble big time the last few monthly retail reports that have come up have looked terrible for department stores apparel in general, particularly in mall based apparel is is

really on the rocks. we probably have two to three times as much physical square footage in the united states as we need given these shifts that are taken place. and so the weak companies are going to have to close stores, have to go out of business this moves some to do it more rapidly. don't exaggerate the impact of just this 10% on this one good that alone is not the bigger picture. the bigger picture is the shift from bricks and mortar to e commerce the traffic that's just crashing at the mall and the shift from c consumption away from apparel. >> thanks. good perspective appreciate it. >> from retail to tech stock, that was another sector getting whacked today. the fed stocks are all tumbling, but one seeing value is cam partners they initiated facebook and google as a buy. should investors also buy this dip? michael and martin are your trading nation team. michael, let's start with the

fundamentals here. has anything changes for you over the past 24 hours with this announcement >> no, absolutely nothing at all. i mean these companies are relatively immune from this announcement i have no problems with the buy ratings at mkm assigned to thes companies. they've been strong performers and are not immune to pullbacks, but i would use them opportunically as i look through these stocks, i'm going to include apple in there. when i look at the companies that i thought had the two best quarters, i thought google had a great quarter. i would use any pullback to buy google i thought apple had a accident quarter, but i thought they had b better guidance. >> mark, what about you? how do the charts look for your and the whole group? >> technology is just not that attractive right here. just recently in the last few days, you're seeing evidence of

deterioration. the fang stocks in particular have lagged since last june and yes, there are some winners. twitter, facebook, google, amazon, those look very good technically. however in the near term, they've begun to show near term signs of pulling back. >> how much downside are you seeing >> i think 5 to 8% in general in the market between now and the end of september really any sort of balance i would use to lighten up or be defensive. >> we'll leave michael to do that guys, thank you both appreciate it today. and for more trading nation, head to our website or follow us on twitter at trading nation ahead on "power lunch," oil in the green after yesterday's major declines, but energy stocks still underperforming and

our next guest has some names he thinks are worth betting on even in one of the s&p's worst performing sector. plus, a pins resting quarter shares of pint rest having their best day ever. and women on tflight deck. heading to alaska where one flight school is searching high and low and everyone in between to find more female pilots all this when "power lunch" returns. who's dog is this?

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i didn't know geico helps with renters insurance. yeah, and we could save a bunch too. antonio! fetch computer! antonio? i'll get it. get to know geico and see how much you could save on renters insurance.

yeah, i think we can take five. you had to open your big mouth. here's what i'm gonna do. i'm gonna smash him right in the face. kill all thirteen guys in three seconds. i'm gonna drop kick him. him, and him. no, no, no that's my guy. that's my guy. look at you the fate of the world is in your hands and you can't even get along. your momma. [ screaming ] welcome back here's your cnbc news update president trump praising kim jong-un saying he has a great and beautiful vision for his country. this following a flurry of short range missile test that lowered

expebations for nuclear talks between washington and pyongyang. palestinians clashing with forces near the sight of a recent demolition of houses which israel claims were built too close to the security barrier with the west bank hong kong civil servants joined an antigovernment street protest as china's top diplomat accused the u.s. and other western nations of fans the flames of those protests civil servants in hong kong are traditionally politically neutral. back here at home, one of the largest music fest values in the country is is underway in chicago. lollapalooza gets underway in grant park where thousands are expected to gather for some pretty darn good music and they're enjoying themselves. back to you guys >> no better city in the summer than chicago really a great place to be >> sure is >> thank you very much

have a great weekend lee markets at the halftime of our program. in the third quarter now red. red, red, red, red, red across screen the dow, north ameriasdaq and se losses have been sort of mitigated a little bit over the last hour or two check out the semis. that group down a whopping % this week along with the broader markets. they're on track for their worst week of the year >> ouch. all right. thanks the oil market is closing for the day. speaking of ouch, let's go to leslie picker. >> it was a better ta moving in opposite direction from those equities tyler was showing you crude up 3%. brent up 2%. $61.82 al are falling, so is the more pain ahead for this group here to discuss is a senior vice president and energy analyst at raymond james. nice to have you with us pavel?

>> thanks for having me. >> just wanted to make sure you're there how you doing? >> good. >> you are kind of out there on a limb i think among your peers in predicting that next year, wti will go to 93 and brent to 100 sometime in 2020 why do you see that happening? >> yeah, so that marks the cyclical peak, absolutely sometime in 2020 we have an undersupply global market now to the tune of a million barrels a day, so global inventories in 2019 are poised to shrink by over 300 million barrels. that alone is a lot. now in 2020, u.s. production growth, we've been watching this closely. is is likely to slow by half becausctivity has been declining in recent months that will feed into 2020 >> declining why because thndsn there or because the price is too lo t

and companies, emp companies, are responding to shareholder pressures for more capital discipline which means less rigs runs that's bullish for supply. the other thing that happens in 20 is imo. this is the low sulphur fuel regulation taking effect in january. that we think will wipe out about a million barrels of high sullivphur ply that will be rendered unusable so who's going to fill that gap? well, saudi will have to pump all out. but 'en wiven with that, we thi inventories are likely to continue to shrink over the next 2 months >> let's go to a couple stocks you like and one you don't the one you don't like is is is exxon mobil because you don't see it benefitting from the cyclical highs that you see xt .

but let's go to the ones you do like oxy, marathon and cos mos. why? >> these are three essentially pure oil producers about as close to 100% crude oil exposure as you can get among u.s. based companies if you believe, maybe not $100 oil. 80 would be just fine for 2020 if you believe in significant 30, 40% upside in crude from current levels, you want the most operating leverage. exxon by contrast is a highly integrated company it is the third largest chemical company in the world and at a time when by the way, the chemical industry is in a down cycle, exxon's chemical earnings were at the lowest level in 11 years, oil prices go up. a head wind for the chemical operations sure, exxon will make more money overall, by the pure oil

producers like oxy, which of course is about the close to anadarko acquisition, will do much better on a relative basis because they have such a tightly focused base >> thank you very much appreciate it. always good to see you >> to the bond market now. rick santelli is tracking all the action b and there's a lot to track at the cme today, rick. >> there is and let's go fast. one week charts, tens minus twos hovi hovering at 14 down eight points. the long end got clobbered one week of tens, down 20 basis points which means twos are down 12 to make up the eight point difference boons briefly touched minus 50 today as they keep going down and if we look at going on in the dollar index, it is hovering unchanged on the week, which is

miraculous considering all the volatility and downward pressure one would think given the market moves. mike, back the to you. >> pick it up. i wasn't sure when he said mike. >> he said mike, didn't he that's a mike drop >> exactly >> all right read this. >> 2019. that was your turn >> aisle mouth it. >> clearly the year of the ipo as several ewan yorn corns have gone public. some have struggled, others have soared up next, we're talking all things ipo having its best day ever and so are we are we we'll be right looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? back. td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here,

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one bright spot in the market today is pinterest which is having its best day ever. it's up more than 20% and inv investors are pinning their hope ons a strong quarter ch what they got they hit a milestone of 300 million users. to talk about thisr at first mark and early pinterest investor what did they do right in terms of how they set up the whole ipo process? >> i think they were very thoughtful in setting up the ipo

process. the company brought in a very experienced cfo, head of investor relations and did what any good communications strategy says is communicate what you're going to do and then go do it and then communicate what you're going to do next i think the company setting themselves up as a discovery platform has put them on the right trajectory >> you have a lot of other investments including air bnb and draft kings. are those companies paying attention to this in the contrast between uber and lyft >> i think everybody's paying attention to the current market. there's a lot of companies that got out in if first half and everybody's taking notes on what they did well and poorly >> haldane the tawhat would thee >> don't try and rush yourself out because you feel pressure. be prepared to tell your story and have crisp metrics that you can continue to over exceed. over time.

>> sure. and in pint rest's case, a simple story an online advertising platform they kopt to put up numbers like that, they should do well. does that tell you there's room in the online advertising space in social r for those just beyond facebook and google and fang >> i think it falls in not only the social space, but the broader advertising space as they take discovery share, but it shows that facebook and google have such a high share of the online advertising market but that market is growing so fast there's room for pinterest and snap chat over time. >> what is the trajectory by which they become profitable and how soon do you think? >> i don't know the exact time, but you've got to think over the next 12 to 24 months, the company has set themselves up on a growth path and both understands their expenses and revenue, domestic and

internationally, to prove they can generate cash. >> rick, thank you >> and coming up on the tasting menu, a profitable form of pot an ethical goose and fists of curing ♪

lower carbs. lower calories. ♪ higher expectations. ♪ the light beer you've been waiting for has arrived.

welcome back to "power lunch" here is a taste of other stories we're watching check out aphria. they had earnings of $12 million making them the first canadian pot company to turn a profit. >> there you go. sorry. in other canadian news, canada goose are sliding today. it's not it's 89 degrees in much of the united states it's that the company removed statements regarding the ethical treatment of animals used in the $900 coats with fatmous patch they said coyotes used for trim were from overpopulated areas where they attack pets and, quote, sometimes even people the company denying this removal of this disclaimer was a

response to false advertising allegations from the ftc. >> if they removed it. there's a lot of buyers who thought it was not an indulgent purpose. i'm doing something virtuous here an nbc universal, our parent company, is looking to throw down with disney "hawpes and shaw" is the ninth edition to the fast and furious series it's estimated $200 million worldwide by sunday. in total, the franchise brought in $5 billion in ticket sales globally if you didn't read today's "wall street journal," it's not a review, it's insight about how the men on your screen right there count the amount of punches they land and the fight sequences they win to make sure that no one comes out looking like -- make sure they come out looking macho enough

so vitam >> the punch count >> the punch count it almost went official it got that serious. >> dwayne johnson is a machine in the box office. a machine. >> doesn't he have a shoe deal, too? >> probably. i don't know. >> yeah. >> he's just really -- >> are you going to see it >> no. >> you're supposed to say yes. >> no. [ laughter ] up next, we're going to jane wells in alaska where one woman is helping to close the gap in the cockpit. jane >> reporter: guys, she's an faa gold steel flight instructor she's live you can see her above me giving a lesson started off flight school when she was working and didn't think she was that good. she was that good. guess who had the most laugh you should be mad at leaf blowers. [beep]

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lives to get home to they use stamps.com print discounted postage for any letter any package any time right from your computer all the amazing services of the post office only cheaper get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again! hauc how often do you get on the plane and you hear a female voice saying "this is your captain speaking." jane wells is in anchorage, alaska on the effort to recruit more women to be pilots. hi, jane >> reporter: and just to recruit anybody to be a pilot. boeing said the u.s. alone will need over 200,000 new pilots over the next few years. one is behind me right now.

a hopeful taking his lesson. i think you can see inside the cockpit. that's the student on the right. jesse hefly is on the left one of the top instructors in the country. jamie, how is jesse doing? [ inaudible >> awesome jesse is doing fantastic we're doing our process landings here and he's doing just great [ inaudible he's doing a fantastic job. >> okay. >> reporter: thank you we'll get back to you in a second jamie tells me 70% of her students are men which means 30% are women including 19-year-old madison who wants to become a pilot. asyou said, tyler, only 6% of the big three airlines have female pilots. it's still unusual to be a female pilot especially when trained by a female flight instructor. >> i think it's cool to learn from women i played hockey for eight years, as well.

i had all male coaches and it never really worked for me so i do better with women. >> reporter: all right so american, delta, united all tell us they have special recruiting programs and financing options including citizenshi scholarships to attract women. jamie, if you can hear me, you've been flying for over 30 years, are you seeing more women take flying lessons? >> yes i have noticed a great uptick in student pilots taking lessons. it's a great profession for women to get into. there's a great demand for pilots in general. female and male pilots they fly the same, the airplanes don't know the difference. it's great profession to women to get into. i love having the female pilot the and train with guys, too it's fun, too. so, yeah

it's always fun to fly -- to teach people how to fly airplanes. >> thank you >> reporter: her school was named the best in the nation in 2017 we have more on cnbc.com. >> ryou had four live shots in anchorage get through beautifully. how did you do it? >> reporter: it's all me nobody helped me. >> that's wonderful. wonderful. thank you, jane! >> she's the best. thank you for watching "power lunch. closing bell right now welcome to "closing bell." a crazy week for markets and the fed to tariff to earnings. what is the result we're set for the worst week of the year as we head to the final trade, we have everything you need to know coming up. >> i'm sara eisen. happy friday let's look at what is driving the action lower in stock

trade fears sending stock sharply lower. wage gains did come in ahead offestments and the 10 year yield continues to fall. coming