this is nig"nightly busines report" with bill griffin and sue herera.tr >> fifthght loss. the dow closes lower as trade tepgss litensions linger and th risk tses. ynk you're being trapped? the answer may be yes. turn off your locater on your smart phone. payin with plastic as interest rates go up, there are ays to lower high credit card fees. those stories and more tonight on night business report for this monday june the 18th.ou and we do bidood evening, everybody. sue is off. you're going to hear the word trade a lot because the stand offwe continues th on stocks. especially some large cap names

with global exposurehehat make upow jones industrial average. market uncertainty has been rising of course over the past few month because of the trade friction between the u.s. and china. and today,er investors cautious unwilling toake on much risk. the dow was down more than 200 points, then fell back below 25 thourk. the nasdaq eked out a fraccal gain and the s&p down five points. bob pisani has more on what is pressuring stocks. >> stocks traded lower, but closed around session highs. nasdaq smallh caps b eking out small gains. tech and faang stocks look ed t be flipping the market, but banks failed tol rallyough they moved up towards the close. investors with roried about the threat of a trade war between the.s. and china and went through the list china has rolled out in retaliation. chipmakers, soybean farmers,

they're among the victims of this. semiconductor names lintel, broad com and lamb research all came under prsure. intel got ungraded by a firm. and if you sti t thinkde uncertainty issm no big deal, l caps tell a different story. russell 2000 is up about ha11%. erre twice what the s&p 500 is up this qua small caps have left exposure to international trade war than big caps. finally, one other factor could be seasonality. the dow has been down roughly 1% in the june option expirationsc day was on friday. that's one of the big volume day of the year. i'm bob pisani at the new york stock exchange. >> the commerce department today announced an investeation into dumping of steel propane cylinder frs china, taiwannd thailand. just the latest in escalating

trade tensions that has many wondering what comes next when it comes to the white house's tradestrategy. kayla is in washington. >> secretary of state mike pompeo said the trump administration's foreign policy including its tough stance on trade is in the u.s.'s interest. do our best to call out unfair economic behavior as well. and break downarriers to market entry so that ur companies have fair reciprocal opportunities to sell and to market all around the world. >> and he minced no words calling out china for producing cess steel and aluminum and sending it to the u.s. at prices low it puts u.s. companies out of business. >> the this is this is predatory economics 101. >> it's not just china. import frs germany, france, u.k., italy, jan and canada very targeted wit tariffs on steel andth aluminumu.s. has investigated auto ports and

has lashed out at canada. business leerds are concerned president ump's brinks man ship could backfire. >> i'm worry ied things are goi to get out of control once somebody's going to announce something that you know, then three, more position. >> pompeo still expectss all to stick by the u.s. >> our relationship is not solely dened by trade, so i'm very confident when these negotiations arete comp the historical relationships between the united states and canada and our european partners will continue the way they have for 70 ddyears. >> a series of deadlines will bring trade back to the forefront to slap new invensment restrictn china, potentially increasing tension edrther. in fact, aal reserve official said today that business optimism is fading as

the trade tensions rise. atlanta fed president expressed concern the trade barriers will disrupt growth and increased risk to the economic outlook. othersar are iing to wonder about the forseen consequences of heightened trade tensions. steve liesman picks up that part of the story. >> the trade w could escalate become meaningful in terms of world and global trade, but for right now, the biggest concern is the effect on sentiment and investment, especially to undo the positive effects. moody's writeshe second order would be to dampen currently w robust global growth momentum, end quote. fed officials includinghairman powell say their contacts in industry are telling them it's causing some to question capital investment already.zp i wouldn. >> i wouldn't comment on onecific trade actions. we have broad ctacts in among

business leaders around the country and they say t concerns about changes in trade policy are rising. i think it's fair tosy. also that you're beginning to hear reports of companies holding off on making investments and hiring people. >> in an interview on cnbc, president trump's adviser agreed. >> we are in a period of uncertainty. lu is visible in some places. you can see it ier and steel prices. it's one that i think all economists would share, think about all the barriers in china. thin about the fact china is dealing more than $100 billion a year in our property. >> he said it puts the u.s. in a ood position though to weath that uncertainty. cato niel from the institute said if the president follows through on cent threats an imposes additional tariffs on autos and auto parts, the extra profits quote could be entirely wiped out for the

manufacturing sector. i'm steve liesman. >>nd in addition to the trade tensions tensions, there's another hot button issue in washington. that would be immigration. so with markets stumbling here, is wall street startg to nment more weary of gov policy joining us today to talk is ed mills from ray mondmond james. >> thank you. >> all cares about is making money. i gue fear is that an issue like immigration could distract washington from the trade issues as they become more and more contentious here. what do you think? >> yeah. or immigration can force trump to get even more bombastic on trade. i think one of t things that you see here in d.c. is that when ver trump has a series bad headline days on any given .opic, he does a great job of changing the subje

and so what i think investors are looking at saying if a little bit too hot on immigration, what subject does he change that to and the b subject he keeps going back to ime again right now is trade. and so doese y to really up the pressure on china, canada, mexico, other mbers of the g-7 in order to kind of back step from some of the trade headlinnd that we haveome of the immigration headlines that we have right now. >> let me add another su uncertain uncertainty. we had a report that showed russia cut in half the amount of treasury securities it owns between april and may. went from $96 billion down to $48 bi that could be a big headache for a lot as we continue to try and add to our growing deficit here. >> yeah. i think we are always looking to see who is is incremental buyer of treasuries. one tng that could b a

benefit, when i talked to investor, probably one of their biggest concerns is kind of f the yield curve. the long end of the what's happening at the ten-year and beyond with the fed raising interestrates. they are concerned that we get an inverted yield curve, which would signal a potential recession, which has been historically bad for stocks. if you don't have other central banks buying or other large countries selling some of those treasuries, you won't have the yield curve inversion that many fear. so i'd put that maybe in the it might be oy camp. >> on the other hand and i'll play devil's oadvocate here. it could b going to start a trade war, now is the time to do it when the economy is as strong as it is. the time not to is when we are struggling economically. >> i think you're using trump's talki ing point right there. i think what you see with trump is that he feels that the united states has c always bented

on as being the rational actor in any xwoeshuations. in many countries and ore counterparties, have used that gechbs the united states. that he believes he has to kind of a, go with an america first strategy and kdisrupt the statu quo, try to threaten the worst case scenario and try to get the negotiate to finally with the united states where they've been able to slow walk the united states in the past. andit so the stock market at all time highs and with unemployment low and kind of generally good sentiment with the economy and with a taxut ght in our rear-view mirror that he thinks this is the time to fight and the fact that the market hn't really connected, this gives trumphe kind of enthusiasm or extra emphasis on trying to hit back and hit back harder now, seeing if he can get a deal and ultimately, try to break down some trade barriers he views as threat to the long-term economic growt s in te unittes. >> ed mills, good to see youchlt thanks. >> thank you. elsewhere, a new report out

today said sentiment in the home building sector dropped this month due in large part to higher costs lumber prass he added nearly $9,000 to the price of a new single family home in the last year. or is that ataesult of the ffs onica nad yan lumber that went into effect in 2017. despite, rising co homebuilders are happy with the rising demand for housing now. while there's a lot for inves r investors to keep track e at home, the big issues in europe and one is germany. european stocks fell today in part because of the tucertain of chancellor merkel. as the leader of europe's b biggest economy.s annette i in berlin for us tonight. >> angela merkel, chancellor of germany, is facing a crisis in her very long career. at the core of the problem is

the question which refugees should b aowed into germany and which refugees should be rejected at the border. the sister party of her party whichin c from the south of germany, is very adamant about the fact that those people who have registered elsewhere in the europeanon u should be rejected. angela merkel famous for her open door policy, at same time says we need to have a european solution. for now, it looks that compromise is hard to reach because both parties have been vocal about their positions. but one thing is clear. everybody in berlin knows that this crisis could topple the government. for "nightly business report" in berlin, germany. time to take a look now at some of today's upgrades and downgrades. ainly a lot of talk today about that downgrade of di

to sell from hold at pivotal research. the analyst is concern that had the battle for foxssets has placed disney in an unwinnable situation. you either take on too much debt to win the deal or lose val tble assets ire is no deal. the price target, now $93. the dow component fell 1.5% to 107.06 and earlier, bobd mentio the intel downgrade. here are more details on that. the dow component's rating with wa cut to underperform from market perform at north land capital, the analyst now expect intel's sales to grow to sloel $4 the third quarter sochlt the price target is no and the stock fell more than 3% on the news. yet another dow component this time, chevron, was upgraded to outperform at raymond james. they say the company is better positioned than its peers to benefit from higher oil prices.

price target $140 and shock rose to 125.97. blackrock was upgraded to buy from neutral at city. the analyst says that blockrock is well positioned in changing industry and far ahead of its key peers in technology. price target, $610. that stock rose a fraction to 527 .54. still ahead, is your smart phone tracking your every move even when the tracker is turned off? 50 google is investing million in jd khat com. this rampsp the rivalry with amazon while giving it a bigger

footho china. for jd.com it allows ilt to start selling pducts on google shopping. speaking of which, the investment from ggle turns out to be an historic day for jd. m jd.com. the company say record sales during its mid year shopping festival. we have more tonight from beijing. >> google is placing a 550 million betr jd.com and the reason is what's going on behind me. i'm at a jd facility here i beijing that's using automation and high technology to sort 600,000 packages a day. now this is a but time, because it's a busy shopping holiday in china. this year, the company broke last year's record, clocking a 40 increase in sales to $24.7

billion, mainly due to strong demand for fresh food and smart electronics. the google investment is otentially an interesting partnership for bompanies. google has been largely shut out of this market so the investment in jd is an important effort to get bette assets to china. just as google tried to expand itspp sg platform back home to compete with amazon. for jd, which is focused on china, this is a step to become more global. in a time when trade tensions between the u.s. and china are high. founder richard mune told me in an exclusive interview, the tensions have given to hold off on bigger investments in the u.s. >> i think our biggest impact our confidence. it's hard and a hot of -- we want to wait for a while. a lot to go to the u.s. market. we have to wait. >> at part of this deal, jd will

be able to sell products tohr americansgh google shopping. as for the u.s. tariffs, he sa they would b bad for american brands in china, but not necessarily for tm, but partnership shows whatever the political tensions, the business community wants cooperation into the future in u.s. china ties. >> rent a center is being bought and that's where we begin tonight's market focus. the furniture and electronics rental companyas agrowed to be taken private by vintage capital for about $1 billion. rent a center had been dealing with pressures from other activist investors to sell itself. shares popped by 22% on the news to $168. elsewhere, pt skrrks theer putices said its treatment improve d the motor skills of a rity of babies who r participated in the study.

that trial is still ongoing. shares of f the bio tech more than 27% on the news to $47.88. meanwhile,biogen, which has similar drugs in the saw shares fall and game stop is is reportedly in talks with private equity firms about a potential sale. reuters says the civpany has re takeover interest and has hire d a financial add virz to assist with deales talks. shumped out 9% to $15.20. and ale said this morning its newest operating system will automatically share a user's location with emergency services when they call 911. the new future on the upcoming ios 12 system for iphones and first responder locate a person more quickly. it uses a technology by rapid sos and if it sounds familiar,

that's because we profiled that company about a year ago as part of our bright ideas series. o speaki which, we all assume that turning off the gps locater on our electronic device prevents someone from tracking us. not according to researchers at northeasternit univewho say they were able to track users as they d cities around the world with the locater off. andrade reports. >> that was prett accurate. >> very. >> it's someone driving through boston that a team at northeastern trumuniversity tra down. heecent doctoral graduate. but get this. he says they were able to find almost every twist and turn even though ther dri had his phone location turned off. >> would the user have any idea? >> no idea at all. >> called a side panel attack

because a target centers in your dwoois that weren't sdesigned t provide location. it measures how fast the phone is moving. the jai scope that tracks location and the digital comp s gampass. r a, is a professor a northwestern. >> with access to all these centers is in some sense, the best spying device you can imagine. >> and he says combining readings from the centers could arm bad guys with secret info. >> as they becom accurate, this may become primary means of invading user's privacy. >> they tested it out from new york to london and say it works best in places like boston where streets aren't set up like a grid. >> ifveou were to tral the same path every day, we have extremely high probability to geiss where you live or work. >> he says hackers could access

your device through an app like this simple flashlight. >> you need to have an app install ed and once that's done all the other systems are automatic. >> and he complete access to some of the centers on your device without asking for permission. >> as long as you have your s phontched on and the app is already i take all your information. >> the team used android devices, say it would work on the iphone because permissions are similar. apple declined comment. gook google says its latest -- restricts access and smart phone senators do not directly provide aer location dat this highlights how difficult it woulde to use these sensors for location tracking. >> is there a way for users to turn these off? >> unfortunately, there's nothing. >> the team is now searching for a solution.

meantime, the best way to protect yourself is only download apps from google and apple's official stores and keep your operating systemp to date. >> wonder if that works on my blackberry. coming up, the secret to lower credit card rates and fees. the national transportatio safety boa sending a technical specialist to los angeles to examine a fire that brokeut in tesla model s sedan. the vehicle was owned by the husband of actress mary mccormick who posted this video of the fire over the weekend. she said there was no crash involved and the fire appeared out of the blue. regulators say that the specialist is going to try to learn more b about fires in

batteryowered cars. as for tesla, it called the incidentri extraordi unusual. and with interest rates rising, credit card rates are moving up, which would mean more fees for consumersho pay with plastic, but you may still be able the lower those rates and fees. joining us tonight, sharon, on how to lower theees. i guess you have to start the negotiating process somewhere, right? >> you have tso start where. figure out what you want to negotiate. the annual fee or a late fee? do you want toet rid of the annual fee or do you want to negotiate a higher credit limit. and what people need to realize that they can do is they ca just ask. credit cards.com d survey and what they found was just amazing. 56% of people who just asked got a lower interes rate. 70% had an annual fee waived ore 84% got a late fee waived and 85% who asked got a higher

credit limit. and of course we know that's a great thing thave because that could raise your credit score. >> when i call, what do i say? >> first of all, you want to ask for the boss. a manager, someone who has the power to make a change for you. then make sure that you can se state your what evidence do you have to show that you are paying on time. that you are a loyal customer. that you have great credit history. make sure they know these things. if you think something i going ou happen like you may have a late fee becauseave to go for a medical emergency or yoir going through a life change that's causing this, let them know ahead of time so possibly they'll not make you pay that late fee because you've been c such a greattomer and finally, you havepao be prered to have done your research to know where you can get a better offer. let them know this, i foffd a better and i'm ready to switch my card if you don't honor this. >> sounds straightforward. why aren't me people doing this? >> they just don't know.

millennials, general xors say we don't know. baby boomers say i kind of lik my card. also, women are not as likely to get their charges reveed as men. they're seen a too pushy. stick to the script. have your evidence and sure you've done your research to know where el you cou go. >> always good advice. thank you very much for joining us tonight. finally tonight, some good news if you're a flier. get this, airlines canceled fewer flights in april and passengers filed fewer complaints. according to the transportation department. most punk yul with your hawaiian,elta and mesa. the carrier sz rates were jet blue, frontier and southwest before we go, another look at the day on wall street. down day once again amid trade tensions. the dow opened more than 200 points lower, but closed down 103 points, but fell back below

25,000. the nasdaq rose a fraction today and s 50 dropped by five points.t that is "nightly business report" tonight. thanks for joining us. have a lovely eveninag we'll see yon tomorrow.

>> this is "bbc world news america." >> funding of this presentation ti made possible by the freeman foun, kovler foundation, pursuing solutions for america's neglected needs, d purepoint financial. >> how do we shape our tomorrow? it starts with a vision. we see its ideal form in our mind, and then we begin to chisel. we strip away everything that st