. >> if president obamama taut u anythingngis tha hope is a powerful s source. >> yes,we can! d d me his move, palm stock llied from 28%,aking his trade, hopelessssthat is because as the stock risis, i solv. now, witith it out o of his han he must use h hehe. "optioion action" fans are leleo wonder, whatat will n do now? >> keepll the legions ofans waitg. had you shoed palm stocks, you woulbe l looking at gger lolosses, the quiui spreadad. havi said at dan. whatat is thexpiratation. >> the thing i worthss. you lo your money. i don'n't take it ghtly. it i is the mosost seous thing can n do wh we a are vesting in the market. one of the reasons we wer clear, iwas very cleaear. wouldn't short this stock. still woululdn't herere, up 20 o percent, when n suggesested th put.t. if anything,, i am morore negat. thcompany released earnings since they announced this prodt. they won't't say a word a about units of this palm prpree device i haveve played with it.. i don't thihink is a great phon nono sort of mpetition toapple if yo watch whahat apppp did, sold a milli iphes in a weekend, a

they taut themselves as a healthy alternatives. it serves up something delicious and fresh for those that want something other than mcdonald's. >> absolutely right. even though it's not that many stores that are affected, it's unsurprising to see a 5% share price in german trade since this all broke in the u.s. it's the third this year. different infection, e-coli. salmonella and neurovirus before. >> they should take heed of what happened back in the 1990s. remember jack in the box? >> i don't. >> four children actually died from eating under cooked meat. this is something obviously that they want to prevent and get ahead of, which it seems like they're doing, shutting down some of these stores and outlets. >>> let's move on then to talk about something else that's been controversial in u.s. markets. that is valeant and filidor and a short seller targeting valeant. they wrote a bombshell report on the company. andrew left who heads the research has told "the journal" investors shouldn't expect anything earth shattering from his re

pull it taut... and wrap it around the globe... until it's not just lines you see...t's the world. metamucil uses super hard working psyllium fiber, which gels to remove unsexy waste and reduce cholesterol. taking psyllium fiber won't make you a model but you should feel a little more super. metamucil. down with cholesterol. >>> sfr for more on our show, check out wsjr.cnbc.com. now, a look at what's coming up in the week ahead that may impact your money. tuesday, the total retail sales for the month of february. the open reserves opens tuesday as well. wednesday, ben bernanke will speak to the community bankers association. thursday, a message of wholesale inflation. friday, we'll hear about retail inflation when we get the release of the consumer price index. >>> finally, the list of the world's wealthiest is out. carlos slim maintains the top spot. he's worth $69 billion. he's followed by the richest american bill gates with $61 billion and warren buffett with $44 billion. rounding out the top five, bernard arnault and amancio or thai go. that will do it for us. ne

you're an administration that tauts itself as an defender and champion of human rights and you espouseomplex solutions you espouse bipartisan solutions. well, we've given you a bipartisan solution. you've got people like ron johnson and patrick leahy who don't agree on anything agreeing on this. you've got veterans groups, human rights organizations, faith-based organizations telling you that if we don't save these people, there is going to be a human rights disaster crimes against humanity will be committed and they'll be broadcast live for the world to see. they're already happening. we're already losing war time allies we had a client the other day watch his father get murdered in front of his home because the taliban came to kill him and when they couldn't find him they shot his dad dead in the street. these people are dying right now. if we don't keep this promise, people like me won't have interpreters our blood -- their blood is going to be on our hands if we don't take care of them now. we have to do this it's a never again moment in the making. >> matt zeller, sounds like an a

governor ron desantis tauted the ruling as a victory. several cruise ceos said they want guests vaccinated because they think that's frankly best for their business no word yet from cdc officials they have until july to propose changes to the court several cruise lines are going to set sale from florida and other states later this month. >>> the safest way to hold the tokyo olympics is without any fans at all. that's the word today from japan's top health adviser the doctor says putting fans in stadiums and arenas like this one would increase the risk of covid outbreaks. he warns the games will likely trigger more traveling and partying all across the country. organizers already banned fans from abroad but they're expected to announce next week whether they will allow local fans government officials want to let in as many as 10,000 people at some events. the opening ceremony now just five weeks away. >>> america's promise to afghans is in jeopardy thousands of them who helped during the war are at risk of being left behind as the withdra

. >> automakers are tauting greater mileage, plunging gas prices say it's time to revisit fuel standards set five years ago which call for fleets to average 54.5 miles per gallon by 2025. >> in light of today's fuel prices and forecasting what they are going to be in the future, we need to take a very -- >> do they not make sense? >> we have to make a factor of analysis what that's going to be. >> it's time to explore the future of buick. >> for now it is on resurgence of autos not seen since the 90s. >> i'm hoping it's not silly optimism, right, it seems more pragmatic, the lessons of 2009, 2010 aren't that far behind us. >> how optimistic are executives in the auto industry? many believe sales this year in the united states will top 17 million vehicles if that happens, becky, it will be the highest auto sales since 2001. >> phil, thank you. we're also joined by nikki maynard, the director for journalism at arizona state university. phil, why don't we start where you were leaving off. auto sales for 2015, do you think it's realistic. >> 17 million is realistic. we finished 16.5. you nev

may be better off at the end of the year we don't know that, but in the next two or three months as taut com data comes out we should have a better idea whether or not the tax jobs act is affecting that high end. >> thank you for sharing your perspective with us. >> happy to be here. >> while many americans are looking for new houses they're keeping their old cars longer. the average vehicle on the road is more than 11 years old. that is driving demand for more skilled auto repair technicians. as kate rogers reports, it's a tech job with a worker shortage. >> reporter: michael gearhart, pet boys master auto technician has been on the job decades, constantly working to stay on top of advances in technology. >> it definitely doesn't get boring it's always changes and as long as you can keep up with the technology that's out there and that you're given a chance to use, it can be a very rewarding career. >> reporter: finding qualified technicians is a challenge as workers age out of the industry and the pool of talent shrinks in the face of a tight labor market and a focus on obtaining bache

nike's earnings were better than expected this week digital sales surged and they tauted their success in going through their huge invep be tori backlog. so, jeff, should investors just buy it >> the earnings were clearly better than feared but i am in the recision stand for next year, no question about it the thing that's helping nike is the labor market and the consumer i think that continues to be good and strong. companies like nike have been helped from pricing power. we heard it from foot locker i just don't think that's going to last as we push into the second and third quarter of 2023 i think the labor mark jet weakens. demand is going to fall further. for a stock trading 33 times forward earnings, that becomes a problem. it's harder to hide behind the price increases. you can stick with it for a little while i worry about it in the back half of last year. >> stocks trading right in line with the five-year average where should you be in terms of historic multiple? for a lot of stocks in discretionary, i understand the challenges jeff brings up the right ones. i think relative t

he is expected to use the speech to taut the merits of diplomacy and engagement. the president will also meet with russian president vladimir putin this evening which is their first face to face in close to two years. he's also expected to talk with indian prime minister later on today and they meet with cuban president raul castro on tuesday. >>> meanwhile, hois speaker john boehner says there will be no u.s. government shut down this week. boehner resigned last week. he says he'll get as much done as he can. that includes pushing through a spending bill and avoiding a shutdown this week. >> appearing yesterday on cbs's "face the nation" boehner lashed out on those who made his position untenable. >> the bible says beware of false promise. there are people out there spreading noise about how much can get done. we've got groups here in town, members of the house and senate here in town who whip people into a frenzy believing they can accomplish things that they know, they know are never going to happen. >> boehner says he will convene a special committee to invest

> now to the very latest on the bipartisan infrastructure bill as president biden hits the road to taut, a new study is examining the real economic impact of the package. ylan mui is joining us with more on the find willings what did the findings find >> brian, the white house is calling the bipartisan infrastructure framework the largest long-term investment of its kind in nearly a century but that new analysis finds the infrastructure plan won't generate any change by 2031. the $1.2 trillion in spending is spread out over the next eight years. in the meantime, the national debt are grow by 20% it will boost gdp by 1% in 2050. they will eventually reduce debt by .9% yesterday president biden characterized the proposal as a generational investment. >> this is good paying jobs. jobs not just in our bigger cities, along our coast, but in small towns across the country so families can build wealth and opportunity in rural home towns and don't have to leave. >> reporter: memories in washington are short lawmakers need to see a political payoff sooner than later. they want wait 30 years. bac

and intel is going to taut -- taught taut -- that's a negative connotation. >> using it as a verb orsing it as a verb. i'm just using it as what the teleprompter is using it at. bought i think taut, it will come assume less power is what it's touting. the tech giant hopes to help a stagnant economy. >>> three publishers conspireing with apple and others to push up price of electronics books and a judge says there's no excuse for price fixing. scolding them. no excuse for this. the doj had accused companies of illegally colluding on prices as part of an effort to fight amazon's dominance in ebook space while others settled, apple and publishers mcmillon and penguin are fighting that governmental lawsuit. are you monitoring twitter today? >> i'm tweeting joe kernen's hair right now. >> what are you saying? >> nothing yet. >> i'm tweeting him right now. >> this happens to him and nothing -- >> you must have cut him into silence. shocked slns. >> look at -- i mean, i got home -- i literally just asked him what he thinks of his cut. >> i got home and my wife asked me -- she goes, oh, my g

hans nichols filed this report >> reporter: president trump touching down in texas to taut his chinarade deal before a friendly audience. after the president's legal team formally responded to the senate impeachment summons calling the articles brazen and unlawful democrats today dismissing that argument >> there is ample evidence, over whelming evidence any jury would convictin three minutes flat. >> reporter: while alan dershowitz distanced himself from the white house legal team that he's joining. >> i did not read that brief or sign that brief. that's not part of my mandate. my mandate is to present the constitutional argument. >> reporter: aside from knowing tuesday's start time, there's still uncertainty if new witnesses and evidence will be allowed during the process >> senator mcconnell prevails and there's no witnesses it will be the first impeachment trial in history that goes to conclusion without witnesses >> reporter: some of the rules are known. no cell phones, no standing, no talking. senators are to remain silent. they may want to consider a redo. >> maybe they ought

instead, slamming the governor over the lockdowns and tauting the economy. to the pandemic, kent's unemployment rate was the lowest since 1998 amway, the company founded by the father-in-law of trump's education secretary betsy devos. in a state with 83 counties, just 7 went for clinton four years ago. but those seven alone had nearly enough votes to keep the wolverine state blue, its pure michigan intrigue and it all starts in grand rapids. >> our thanks to brian sullivan for that big report from michigan >>> eamon javers is back with us now for the latest on the campaigns. eamon, can you hear me now >> reporter: dom, i can hear you if you can hear me we'll talk a little bit about the schedule of both candidates yesterday because it's so intriguing and goes right to the different strategies that they've got. the president ping-ponging around the country going to a basket of battleground states where he thinks he can eke out a victory. the president campaigning again and again throughout the day yesterday telling rally crowds that he is optimistic that he ca

channel, which was an acquisition i remember back when they still did "world of watson" that they tautedas this big ai driver, had so much information, so much data that was going to help air companies, flight companies sort of read the air waves a little bit better. i don't know it is a big question mark after the last few weeks of travel. >> yeah. that was all about ai, which, of course, continues to be in the forefront. well, we will continue this conversation when "tech check" returns right after this quick break. >> ring in the new year by ringing incial year-end offer go to cnbc.com/pronewyear or scan this code now >>> welcome back to "tech check," everybody. i'm contessa brewer. southwest air is back to its normal schedule. southwest has only 41 canceled flights today, about 1% of the total. southwest stock is also rebounding it is up another percent today but still down 6% this week. shares of shaw communications with soaring 10% canadian regulators approved the $15 billion deal that will create canada's tekd largest telecom firm mortgage rates in 2022 posted their biggest annual

. >>> here in dublin, ireland's leader tauts a ballot box revolution in the country's election >>> well, a very warm welcome to "street signs. let's kick off the show with an update on coronavirus. china's national health commission has confirmed that 97 people have died in the worst day for coronavirus-related deaths to date it brings the global death toll to over 900, topping the 2003 sars outbreak which killed a total of 774 people across the world. a u.s. citizen and japanese national have also come the first foreign nationals to have died from the virus. meanwhile, china's factories are struggling to reopen today as at least 24 provinces and cities are scheduled to return to work after the emergency extended lunar new year shut down fox com, china's larger employer and key apple contributor has been given the green light to reopen in goaunzhou. other corporates are returning to normal operation including automakers bye, daimler, ford and zte. china's ambassador to the uk told the bbc that the economic impact would be short term. >> at this moment it would be difficult to predict wh

tauted in the hallways of being a legend. can i just get back to the mayweather? >> go for it. >> why end your career 49-0. why not make it a nice round number. >> judging how these guys do it, there will be a late announcement in six months come out of retirement so that the money for the fight is doubled. i imagine. manny pacquiao, he made $300 million. >> i wouldn't put it past them. we can see. it will all be down to them. totally only if he can get a fight on his terms. he's the money man. >> $300 million for one fight. that's a retirement fight for a lot of people. >>> still to come on the program, we have the richest presidential candidate taking a swipe at high ceo pay. more from donald trump as his election campaign gathers pace. [ male announcer ] whether it takes 200,000 parts, ♪ 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's most advanced satellite, the space station, or the next leap in unmanned systems. at boeing, one thing never changes. our passion

it's one thing to taut america first all through the hartland of america, but how do they react to himjapan, korea, and later in china they're very proud of the fact that they're major marketing hubs and selling to the u.s. without having to produce everything there >> reporter: well, sara, a lot of these countries have become experts in trump public relations. you saw in japan today, talking up some of the investments it has made the toyota and mazda factories the president said, let me shake your hand. that's greatstuff. in south korea you're going to hear them talk about how they financed the majority of u.s. camp humphries he's going to visit. he's been criticizing the south koreans about that you've seen eye rolls and shrugs, but generally they know if they can do some of these one-off deals, some procurements, then maybe they can keep tariffs or longer term, more permanent strategies at bay. >> what about the personal relationship between president trump and shinzo abe that's closely watched it's a preview for what we might see between the president and xi jinping to come. >> rep

why are people so taut here right now in in? google, for example, has soared of late. if this was a 10:1 split. it's gone to north of 900. it seems spectacular. but is a 28% move really so outsized for the hottest large capitalization stock with accelerated ref few growth out there? i don't know. i don't think so. blus plus, let's call the technology stock, themselves, haven't done much of anything for the last six odd years. i like to use facts to make these compare comparisons. let's use the semi conductor endecks as a gauge. semi conductors are core cap. the stocks, peaked at 550 in july of 2007. it's at 464 right now. it still has a ways to travel back to where it was in 2007. now the stocks are so far from 2000's peak of 1337. it doesn't make sense to discuss the two in the same breadth. how about the other large area, finance, most of the bank stocks i follow are nowhere near what they're traded in 2007. nowhere. but it doesn't matter. it doesn't keep people from seeing things that bubble over. i read things about letter c, citigroup has been the hot bank stock.

that's right that was the biggest mistake, people as the president tauted snake oil, they broke the soundwe're all paying the price for the lack of faith, part of the price is shortages and an up rare makes it difficult for companies to deliver ultimately, those companies will get become on track. that i have a high quality problem. the vaccination program is better than anticipated and the economy is doing so well, these firms are struggling to catch up the business community has been taken by surprise but at least it'ssurprise there is always a bull market somewhere and i promise to find it here for you on "mad mo see yone >>> you are looking live new york city, beginning now, the first weekend of the great reopening. i'm shepard smith, this is the news on cnbc, celebrating america's progress in charting the path ahead >> the number of cases and the level of community risk is decreasing. >> the restaurants reopening, the new travel and vacation opportunities. the canines helping with covid and the incentives to get people back on the job. >>> ransomware attacks explode hospitals and hea

because it limits competition but one spirit rejected the deal, spirit's ceo did an about-face and now tauts benefits of joining jetblue. >> we had a merger agreement. we were soliciting on that agreement. now we are where we are today. a very exciting transaction on behalf of our shareholders and team members going to deliver a lot of value, create a big national competitor. >> reporter: it may take more than a year for the department of justice to decide if the combination of jetblue and spirit is good for travelers. winning over the doj will not be easy which is why jetblue and spirit are willing to give up some of the gates at airports where both airplanes operate. shep? >> thank you. >>> third parties in this country have failed over and over again. and yet there is a new group that is giving it a go. this time they say it will work. one of the republicans behind it is with us tonight. >>> a vote on helping veterans expose to burn pits failed in the senate. >> you think their struggles end because an act passes? all it means they don't have to decide between their cancer drugs and their

i think we can't get taut caught up in the target moves, which show yields in italy and spain. we need to focus on the structural numbers. i think the knock on effects in the states we should worry about and capital flows. >> i wonder what you think this show what is they got. i think what they got is the problem six months ago. wasn't it clear european growth was negative, inflation was going to top off and probably trend down. here they are cutting kates rates. people giving them aapplause for doing what they should have done. >> oh, absolutely. >> they have yet to show me they get it. >> i think there is much more they need to do. i think it's pretty clear. in fact, when i was here last time i said they were absolutely behind the curve. if you compare the actions of the europeans with what's happening in japan and the united states and elsewhere, it seems to me they have been behind the curve. my point is finally, they seem to be catching up with the market and other policy discussions are around the world. >> and, greg -- go ahead. >> let me make a point about europe. i bel

in all of the years i have been doing this show i hope i taut you they are not hard assets.reduce the value in a heartbeat. just, they are just not perfect enough. and people think they are. any way, the market quickly regained. not before a round that many left and never came back. okay, how about august 2015. the dow fell 1,000 points at the opening. raise interest rates right there. one more story about the china market collapsing. they have been collapsing for ages, right? kind of, always out there. the whole economic part of the prc could collapse at any given time. all of the right times. and, that fighting was there despite the chinese sell off. impressive statement that demonstrated a cavalier attitude towards the markets ugly but fragile mood. when we came in on monday august 24th we insured there were large sell orders in place for major stocks. we were not ready for the gap downs that we saw. large stocks shedding hundreds of billions in value. many down 20% as the market opened and had no ability to tell why. like the crash of '87 it was tough to see the prices.

pull it taut... and wrap it around the globe... until it's not just lines you see...the world. >>> as promised, here's the president of the united states in virginia. >> three

towards cloud infrastructure and that's why we love hycu we can do both we can invest in protecting taut data across all the cloud providers >> thank you >> thank you so much >> thank you >>> up next, education company coursera going public on the new york stock exchange with current indications between 34 and $35 a share after pricing at $33 a share. their ceo joins us next so do stay with us ♪ ♪ ♪ ♪ ♪ the world of investment will never be the same. the old guard swept aside by digital clearing and custody and the technology innovators who can't stop asking "why not"? why not direct indexing? or crypto? or fractional shares? there's a place where all these things come to life. a platform where the biggest ideas in fintech are changing the world. so, if you've got the guts to dream, we've got the guts to help you make it real. apex fintech solutions. the guts to change everything. >>> welcome back i'm rahel solomon. here's your news update. the u.s. chamber of commerce is criticized president biden's proposed infrastructure plan saying tax hikes intended to pay for the proposal are misgu

. >>> the focus is back on earnings, the fed for today, the geopolitical tension is taut.t yet responded to iran's missile attack. we're going to talk to the head of emerging risks for a global insurance brokerage about the threats to business and to the

pull it taut... and wrap it around the globe... until it's not just lines you see...d. 20 pages. boom! the other office devices? they don't get me. they're all like, "hey, brother, doesn't it bother you that no one notices you?" and i'm like, "doesn't it bother you you're not reliable?" and they say, "shut up!" and i'm like, "you shut up." in business, it's all about reliability. 'cause these guys aren't just hitting "print." they're hitting "dream." so that's what i do. i print dreams, baby. [whispering] big dreams. tdd# 1-800-345-2550 there are atm fees. tdd# 1-800-345-2550 account service fees. tdd# 1-800-345-2550 and the most dreaded fees of all, hidden fees. tdd# 1-800-345-2550 at charles schwab, you won't pay fees on top of fees. tdd# 1-800-345-2550 no monthly account service fees. tdd# 1-800-345-2550 no hidden fees. tdd# 1-800-345-2550 and we rebate every atm fee. tdd# 1-800-345-2550 so talk to chuck tdd# 1-800-345-2550 because when it comes to talking, there is no fee. >>> breaking news from phil lebeau. >> ford releasing form fours in terms of ownership chang

. >>> the focus is back on earnings, the fed for today, the geopolitical tension is taut.srael has not yet responded to iran's missile attack. we're going to talk to the head of emerging risks for a global insurance brokerage about the threats to business and to the macro economy. first here is a check on the markets. the dow industrials in the green up .2% in spite of chair powell's comments about rates and where they need to be and the persistence of inflation. s&p 500 off by 1/16th% and nasdaq composite just barely in the red. earnings season really picking up. we have several more bank earnings this morning. let's get to leslie picker for a rundown on those results. leslie, hi. >> hey, contessa. bank of america trading lower at this hour after results came out. but, the call started, the firm reiterated rather than raise its net interest income guidance, that caused the stock to slide. executives on the call saying that they expect that loan-making metric to trough in q2 and grow again in the second half of the year. however, the cfo noted that if there were fewer than

if someone asked me where could it go sno i would say taut thanksgivings ago it was at 750 and the lastin there which is not a great market. i think we in this world think about bitcoin as an asset class. and that's not what it originally was we turn it into an asset class and we have discussions about the correlation to traditional asset chesses and david swenson, who literally wrote the books on endowment investigative. investing money money into it shows there is a value. >> illustrate to businesses, though as opposed to the cryptocurrencies themselves. >> that's correct. for this to be successful usership has to increase and that may or may not mean the value goes up. in the united states it's difficult. like, you know, venmo and american express works well "fast money. that was not necessarily what it was designed for but the desire to have a non-sovereign form of currency has existed forever. remember it came out of the depth of crisis let's see what happens next year. let's see if the central banks in the united states and in europe can really unwind in thing successfully. >> rig

parental rights into a catch-all for a number of conservative causes things like critical race theory not tautmaverick mandates in schools. transgender rights for students. that's something that's had a strong impact on building enthusiasm among republican voters the question that will start to get an answer to tonight is whether it's influenced the independent voters, the people who really vote the for joe biden, the suburban independents and really won a lot of the races for democrats during the trump years. so we don't know the impact the school argument has on them. but we'll get a set of good data on that tonight. >> to your point, do you see in your reporting an emphasize on education continuing and spreading for the mid-terms and beyond >> yeah, i certainly think and highway hear from republican strategist, that this is an issue that they think could really help them make gains in the mid-terms. and they see it as a really fertile ground look, i think a lot of parents are frustrated with how the last year has gone in school. they -- what -- no matter what side of the sort of masking vac

. >> they are not and in fact they've taut retailer how to distribute properly.lly helping retailer thrive. at the end of the day in our business the best merchant wins, whether amazon, macy's target, wal-mart never bet against wal-mart we lerpd. as a practical matter if vuk a bricks and mortar presence and digital presence you're a winner >> who is doing it right. >> target is doing it right. wal-mart is doing right. best buy is go are doing great 70% of those people going into a store by online pick up in store, are also buying something else in the store. so the cohesion between the two, between the bricks and mortar and the digital is what's making people successful. those that aren't doing it successful will ultimately fail >> two out of three, minneapolis companies giddyup. >> great companies, there, yeah. >> i do wonder if that's the hidden part of the retail story, dan that not enough people are talking about which is when you go into the store you're coming out with something i didn't anticipate buying online you target a thing and buy that. that's the l

the president is going to taut romney care as a model here for what he's doing nationally with obamae's going to mention, we're told, the fact they had some glitches early on in romney care and had trouble getting people to line up for that website and that service as well. ultimately after a year, they were able to get that one on track. he says that might be the model that we'll see here nationally for obama care. i can tell you that mitt romney is a little annoyed by this. he put out a statement earlier today saying barack obama has not usually learned the real lessons of romney care, which the former governor of massachusetts expressed on the campaign trail, this national takeover of the health insurance market, according to mitt romney. very different perspectives. the president hoping to capitalize on mitt romney's success. >> very unusual for someone like mitt romney to come out publicly and make a statement like that. you know, the man who ran for president against barack obama this last time around. with kathleen sebelius today, do you think that she scored points today? did

our next guest was on "street signs" a month after zynga's ipo tauting the company's growth potential. >> biggest, the leader in the space and taking advantage of it and they're not just sitting around idly. they're launching more games in 2012 than ever before and i want to get on board and go for a ride over 12 months. >> go for the ride. huh oh. today, though, rich greenfield downgraded zynga. he joins us. very brave of you to come on. thank you. not the only analyst losing faith in the zynga story but the stock is falling off a cliff since march. ipo'd at 10 bucks. now at 3 and change. what took you so long to come around to the idea? >> it's quite clear for sometime now the overall usage of the games and on the facebook platform were getting less usage. however, the thing that management, you know, repeatedly pointed to was that monetization is something they don't see every day and they tried to focus people on the side which is not as visible. the reality is not only did monetization not improve but it's falling and so you have kind of the double negative of falling usage and f

pull it taut... and wrap it around the globe... until it's not just lines you see...t's the world. >> welcome back to the fast money halftime report. mexico is the world's seventh larger ale producer and one of the tox ex poerters to america. they have a risk of becoming a net oil importer especially with the decline of the kant rel field. cheryl is in houston, text, at the energy conference with the manatee helm of mexico's state oil company. sharon. >> brian, i am here with juan jose suarez, the ceo of pemex and there is blunt discussion about the decline in oil production many mexico and in the last year the proven re serves increased for the first time since 2000, so what are you doing now in terms of trying to get those proven reserves from the ground and trying to increase production? >> what we're doing is since 2003 and 2004 also we were able to increase sizably our investment and everything takes a long time in the oil industry, long gaps, and what happened is we investing, keeping investment between 2.5 and $3 billion a year allowed us to increase first expl

last week at democratic national convention the president tauted his energy plan saying, last year weil imports by 1 million barrels a day, more than any administration in recent history. and today the u.s. is less dependent on foreign oil than at any time in nearly two decades. we are still importing nearly 9 million barrels of oil a day. can we get off this addiction? let's bring in boone pickins. listen, i was a little priced the president talked that up, talked about opening up more land for drilling, cutting our imports in half by 2020. do you believe it can be done? >> you can do it, but to date the president has talked about a lot of things. one of them is the cutting imports and all. he had nothing to do with that. actually -- well, maybe he did. the economy's poor and that will get you less imports. so, i can tell him, you can cut imports further if you have the -- if the economy gets worse. here you are. you've got 30 producing states, producing oil and gas in the united states. that's the greatest number we've ever had. the 30 producing states can decide this election. and

this will help tauts regional level, ensure that we can deliver the right resources at the right places for the right time for as long as necessary. we continue to aggressively execute and adapt our local and regional response plans to the on-scene conditions in okay car dance with the pre-existing, establish and exercised plans as required by the oil pollution act of 1990. we are currently overseeing efforts by bp to test a procedure injecting disbursants into the leak, and to evaluate the effects of this innovative technique never tried at these depths before. last night bp began relief drilling at one of the other wells and we will tell you more about this. we have currently 200 vessels responding on scene, including skimmers, tugs, bargers and recovery vessels to contain and assist in the cleanup effort in addition to nine underwater vehicles. i commend the governors of mississippi, alabama and florida and louisiana for their forward-leaning and proactive support in this team effort. we have state and local officials willing at every level of the response organization, and working t

hadley gamble was here in london for trade forum hosted by the jordanian government it was there she taut caught up with jordan's prime minister, and how he envisioned future relates with post-brexit britain. >> there's a historical relationship between the u.k. and jordan that goes back 100 years, and we've been partners through good times and bad times, and so this is the u.k. being there for us, and we're very confident that this is something that we can build on because jordan has been able to make its case. in terms of the fiscal measures that we have done to stabilize the macro-economy, the reforms we have made to make the private sector much more dynamic, the lower the cost of productions, especially electricity by moving towards renewables, and -- and really taking full advantage of our talented young population. highly educated, men and women who are speaking both languages and are very tech-savvy. we very much appreciate what the u.k. is going through in terms of the brexit and negotiations, but we realize this is something that is happening in spite of all of that. we appreciat

. >> the president has tauted the cleveland clinic on a number of occasions.to get your take on this sound bite from president obama, because your institution has been the ones to set the tone. listen to this. >> the reason i visited the cleveland clinic, along with the mayo clinic, they have been able to drive down costs more than any other health care system out there, while maintaining some of the highest quality. >> so at cleveland clinic, one of the best health care systems in the world, they actually provide great care, cheaper than average. >> so, how do you keep doing that, toby? by the way, did you alert the white house ahead of your announcement yesterday you would be cutting jobs? did you alert the white house? >> we didn't alert the white house. we alerted people in this area of the world that will be most affected by this. we think we can still provide great quality care, in fact, but we need to change how we deliver that care and make it more efficient. and we have to put more emphasis on wellness and keep people healthy over the long pull so we

printed, and i think weir just in the earlyinings of this unwinding, and i think everything is very taute people that have gdp back through what we've lived with are absolutely out of touch with the reality, you better be focused on characteristics like durability, res ilynsy. be prepared because things have started happening and will continue to happen. >> i like that. i was going to segway into your stock picks and people might have heard this morning before, but be surprised at your holdings if they're already familiar. you have financials and before i dig into that, chris, what do you mean by more problems could be happening? what do you sense as a veteran market watcher is lurking out there? >> you think about what happens when money is free. no basic models of financial analysis work, you know? all of the value investing is on a discounted present value and if there's no discount rate it doesn't work. cap m, the price capital and all of these distortions that were created in this idea were for the first time in 3,000 years money was free for a period of time. so what happened? when

in all of this disruption it is very difficult to try to really get -- microsoft was tauting their surfacee call they didn't want to give any numbers. >> bob, speak to the fact that this is a broad based sell-off. they're raising cash. they're selling the gold market, selling the platinum market, they're selling all the way across the board in equities. >> well, very simple. banks were better than people expected but now that we've got techs, not just seeing slowdown in pc, but business software is a bit of an issue. on industrials and the materials, there's more caution on the global economy. that's why the gold stocks are down. if i worry about inflation, it is a worry about a slower global economy in india and china, for example. that would hurt gold sales. >> jackie, you have "market flash" for us. >> i do. taking a look at u.p.s. shares, they are at session lows. one of the reasons could be that the european commission has issued a statement of objection regarding the intended merger between u.p.s. and tnt express. it is a steady decline from the open today, down 2%, 72.07. >>> we are

. >> nothing says beach body more than outdoor salsa lessons in malibu taut by gleb from dancing withclasses are full here at raffe lounge. >> how much is business up in may versus april >> 100%. i don't want to say it's a blessing because it took a toll on a lot of people and businesses but people start to pay attention to health. and that's an amazing thing. >> whoa you go through a period of darkness you learn about yourself just brings you into such a deep state of gratitude. >> three, two. >> classes are also full and indoors again at the studio mdr, a boutique gym which barely hung on during the pandemic. >> business dropped by 90% it was insane. people are coming back and they're excited. people wants to be with people >> that's true for 36-year-old emily bernath planning her first trip in a years she bought a cap that says vaccinated and learning to dress again. >> i noticed i had to take some photos of myself before i leave the house to see what even looks rights because i don't know how to dress. yeah trying to figure that out. >> yeah, i'm trying to up my wardrobe game too.

. >> it is so eerie to see the streets empty behind thanks >>> coming up, the president tauting a combination of drugs he says will combat the coronavirus. and some analysts see buying opportunities in the wake of this market plunge we have the names when we come back ♪ ♪ >>> welcome back with a vaccine unavailable for now, the race to find an effective treatment continues. there is a ton of confusion about which drugs are being considered and should be meg is separate fact and fiction to the extent that we can. >> things are moving incredibly quickly right now. so i'm going to tell you about three different programs the first of course is one that president trump tweeted about over the weekend it is a combination of existing drugs, a drug for malaria and an anti-biotic. he was saying this could be one of the biggest game changers in the history of medicine. well, people are saying we need more data. just from the existing data, that is not clear yet according to scientists and people in drug development. so new york is starting a clinical trial of this combination on tuesday folks say there

third viewer pick and it is no surprise that the crowd loves taut this one, microstrategy. leveraged bitcoin trade. if you think about the volatility that comes with bitcoin, put leverage on that, and that's what you're getting. i do think that while, you know, you could argue that the turnover at the helm of the sec will be beneficial and that bitcoin has reached a number of milestones, i do think that the fundamentals are a bit unhinged here. >> i mean, tim, not only do you have bitcoin doing what its done, microstrategy explicitly saying we're raising money in the capital markets to buy more as much as we can at whatever price it's trading for and then you have the stock itself trading at a premium to the bitcoin holdings of microstrategy and then you've got double leveraged etfs on bitcoin. so in other words, there's a fever in this stock. how would you -- >> hard to question michael's constitution here. he's made a bold call. i think the options market and when it really builds around what's going on in spot bitcoin is going to be an issue for this company. right now w

jules: yeah, it's a drop-stitch floor, so it's got that taut when it's inflated all the way.is on a presentation, we're all sitting there thinking, "what is the use of that?" bill: right. brian: when you actually physically see it, feel it, touch it, it changes your perspective. lemonis: and with jules taking over, you can tell that she set the tempo perfectly. jules: this is our wader jacket. brian: tell you, it's some good-looking stuff. man: yeah, i love this. lemonis: she's engaging with them, she's having them try the products. she's not over-talking them, and she's listening. brian: that's a high-end jacket. it's got welded seams. you know, the zippers are sealed zippers. i mean, it's very well-made. it's a good product. jules: so, bill, what do you think? bill: of course, that's a natural. jules: right? bill: i think that right there has just, uh, got a lot of possibilities. jules: yeah, i think so, too. so, uh -- so, like, we can do some business? bill: yes. for you. jules: [ laughs ] lemonis: glad we're going to do some business together. bill: i am, too. lemonis: th

pull it taut... and wrap it around the globe... until it's not just lines you see...t's the world. this is $100,000. we asked total strangers to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. >>> breaking news. another major story we're monitoring right now. it's nail-biting time in greece. we're awaiting official confirmation within the next six hours of the largest sovereign debt restructuring deal in history and whether a credit event will be activated. cnbc's chief international correspondent michelle caruso-cabrera joins us from athens with all of the details. good evening, michelle. >> reporter: good evening, larry. we know now that the greek debt deal will get done, that enough bondholders have told greece they'll forgive this country a lot of its debt. what we don't know is the actual specific number. we'll find that out at 1:00 a.m. east coast t