well.anks for me as i'm tyler mathisen. have a great evening, everybody. and we'll see you back here tomorrow night. >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, kovler foundation, pursuing solutions for america's neglected needs, and 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 stands in the way toeveal new possibilities. at purepoint financial, we have designed our modern approach to

"halftime report" is straight ahead, first, tyler mathisen has a look add what's coming up on "power lunch." >> thank you very much the most hated stocks on wall street, those that people love to short, they're soaring this year we'll tell you the names and whether there's more room for them ahead then closing the skills gap. trade schools, are they the solution steve liesman will visit a program that questions whether you do need a four-year degree plus, president trump's top economic adviser, larry kudlow, is set to hold a briefing at the white house about the upcoming g-7 meeting in canada. it begins at 1:00 p.m., and we'll bring you surlawrence of america live on "power." halftime back after this >>> all right. welcome back now to a company whose stock has doubled nearly in the last year. our bob pisani is at the sandler o'neal global exchange conference in new york with the interactive brokers ceo thomas peterffy, and as i'm saying, he does have a good story to tell on what this stock has done over the last year plus >> and he has been a stellar outperformer thomas peterffy, an

. >> and i'm tyler mathisen in for bill griffith. today the dow notched i longest losing streak in 15 months. those gains for the year out of here, gone, this after president trump threatenedo slap additional tariffs on hundreds of billions of dollars ofe chin goods ratcheting up trade tensions between the u.s. an china. investors held on tight as stocks dropped tightly. the shanghai composite index on its lowest level. since then stocks fell about six percent. the dow down 287 points to 24,700 on the tton. the nasdaq dropped 21. the s&p was down 11. eing and caterpillar, the two bellwetheconsidered for trade tensions were the biggest losers on the blue chip. as trade tensions escalate beyond expectations, questions are being raised about the outlook for stocks. pi bob sani starts us off tonight at the new york stock exchange. >> traders are facing an unpl t unpleasant reality. tax cuts now may u beer a bit of a cloud. earnings estimates have bee ing up and the market is now worried that these numbers might in danger thanks to the tl

. >> we are bringing the rocket fuel welcome everybody, i am tyler mathisen, here is what's on the menu today mystery in t history is in the making as the president is getting ready to meet with the leader at north korea. what is at stakes? the stakes are truly high. we'll comb through the trade numbers between u.s. and canada and china to see which country is really paying what to whom? and flips and flops. our real estate mogul, how he's helping rescue flippers are on the verge of losing everything what you can learn from their mistakes "power lunch" starts right now ♪ >> welcome back to "wer lunch. i am melissa lee stocks are in the green right now. the dow is up by 74 points, s&p is higher by 10 and nasdaq is up about 26 telecom consumers and staples are leading right now. utilities are the only sector in the red. united health and home depot is your topper and american airlines are lagging some retail names are at all time highs today costco and tjx >> thank you, i am sara eisen, here is what's happening at this hour boston scientific, the company receives a buy approach from stryk

from parents "power lunch" starts radight now all right folks, welcome to "power lunch," i am tyler mathisen s&p 500 posts their biggest decline so far and now is facing for a fifth straight section of losses best monthly gain since january. go figure. energy is the best sector and chevron and lululemon is downright now but it did hit an all time high earlier today. xlf flirting with correction levels falling more than 10% from its january high. >> courtney reagan, here is what's happening shipment of wearable devices expect for it to go. that's below last year's 10% raise. expect the market to post double digits growth. playing video too much, it is bad for your health. gaming disorder as a mental health condition elizabeth holmes has stepped down and indicted on federal wire charges u.s. attorney's office accusing her of engaging of a million dollar scheme to defraud investors and doctors and patients she's facing 20 years of prison and plus fines if convicted. >>> we begin with the white house about immigration about otherthings, trade fears and front and center cayla tausche is covering

i'm tyler mathisen historic meeting between president trump and north korea's kim jong-un but now the hard work lies ahead michelle caruso-cabrera is live in singapore >> the events that happened overnight, tyler, while most americans were sleeping were extraordinary. it wasn't that long ago that president trump of the united states was calling the leader of north korea rocket man and the leader of north korea, kim jong-un, calling president trump a dotard however, today the two came together countries that have been enemies for decades. necessity sat down, signed an agreement in which they promised to forge a new relationship. >> i feel really great we're going to have a great discussion and i think tremendous success >> it was not easy to get here. >> mr. president, how is it going so far >> very good. >> what do you think >> very, very good. >> we will solve this problem or dilemma until this point has been unable to be solved. >> getting the big picture so we look nice and handsome >> beautiful >> translator: today we have historic meeting and decide to leave the past behind and w

power lunch" starts right now all right, welcome to "power lunch," i am the guy with the tie, tyler mathisen, trade tensions heat up at this hour. the dow is dropping, since early may and today's losses all the gains of june is gone and out of here the dow is moving closer to correction territory once again. 23,955 is the level to watch there. wall street so-called fear index have spiked. the vix hitting its highest level today. the five ye-year or two-year hitting its lowest levels. utilities, defense area, of course, tech and consumer discretionary, those are the worse performing s&p 500 sector right now. >> let's go to bob pisani at the nyse >> hi there tyler, there is several attempts to rally at the bottom all of them failed are in another attempt to rally of 12 or 14 points above the s&p of where we were an hour ago. the usual suspects, industrials and materials had been notably on the downside all throughout the day. here you see the big materials name and all the steel stocks and the big industrial names and transport and a lot of logistics and ch robinson and fedex and caterpillar a

i am tyler mathisen, nasdaq is 100 and as scott just pointed out. the nasdaq is above its record closing high right nowssa mentiw highs there, tech sector of director highs, news about to break from the developer's conference a number of other stocks are at record levels, amazon, netflix and macy's and tiffany sara >> i am sara eisen, live today in lowerttant three world trade centers open in a few days 80 stories over 2.5 million square feet of office space. it is all apart of the big apple building boom in lower manhattan more than $7 billion of me mega development joining me this hour to talk about it, legendary developer, larry silverstein. and also joining me washburn back to you michelle >> i am michelle caruso-cabrera. we are live in san jose where tim cook is about to take the stage. josh lipton is live. >> reporter: some of the big themes we'll be watching here. apple may introduce new tools to give users so much time they spend on their devices and digital well-being and improvements to series which is actively used on half a billion devic

first, though, my man tyler mathisen has a look at what's coming up. >> all kinds of unusual activity coming up. on power lunch shares of royal caribbean having their best day the cruise line taking a big stake. and the ceo will join us cnbc's parent company, comcast to make a $65 billion offer with the assets of 21st century fox merger mania about to hit. who's going to get a date, who's going to stay home we'll take a look at that health re america with the ceo of eli lilly. all kinds of unusual activity back after this. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. yourbut as you get older,thing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to im

. >> kevin, thank you for being here >> thank you >> pur"power lunch" starts now >> i am tyler mathisen, some busy day in thoval office. he's also turning up the war of words are the philadelphia eagles details on that one straight ahead. fly eagles fly no, it is fly twitter fly, it is flying high. social media is set to join the s&p 500. the stocks are soaring up 60% this year so far how much higher can it go from here or can it the team's addiction to tech tell me about it apple is taking a major step to tackle it now. does the move go far enough. "power lunch" starts right now >> welcome to "power lunch," i am sara eisen. the nasdaq is trying for a third day of gains in that case and russell 200 is hitting fresh of today's highs today. the tech sector is set to close at a third consecutive set to. amazon and microsoft and facebook and netflix having a most positive impact on the in that case. michelle >> i am michelle caruso-cabrera, the other headlines at this hour, kate spade have been found dead in her new york city apartment, suicide more on this story ahead the extra capital wil

i'm tyler mathisen melissa is here, sara here as well michelle on her way to singapore.gin with breaking news from d.c. and eamon javers joins us with the details. >> reporter: a new indictment here from the special counsel's office this is a superseding indictment, and what that means is that the special counsel is adding either new allegations, new charges, or new defendants to a preceding indictment that had already taken place. we know that paul manafort had been indicted previously this is a 32-page document that's been filed by the special counsel's office in the courts we're going to go through it and bring you some of the additional charges, but one of the ones that i wanted to highlight for you is count six here, obstruction of justice the special counsel's office is saying that defendants paul manafort and constantine knowingly and intentionally attempted to corruptly persuade another person with attempt to influence, delay, and prevent the testimony of any person in an official proceeding and that's been one of the questions we've seen this week is did paul ma

. >> i'm sarah eisen, tyler mathisen, and melissa lee. you are looking at the white house, the briefing room, where the top economic adviser larry kudl is about to speak about the upcoming g7 meeting coming up in canada tension and anger among the group of the wealthiest nations in the world over the president's new trade tariffs. we will carry the bereaving live as soon as mr. kudlow begins. >> from washington to wall street stocks are rallying the nasdaq and russell 2000 hitting intraday highs the s&p 500 by the way, touching s highest level since mid march. financials the best. -- the best check out shares of tesla. the stock is on pace for its best day since 2016. musk making positive comments about the model 3 at its shareholder meeting yesterday afternoon. more on that story. >> we of course are standing by for larry kudlow to speak on the g7 summit. before we get to mr. kudlow let's get to kayla tausche at the white house for more on what we can expect. >> that summit is shaping up to be extremely contention between the u.s. and it

. >> i am tyler mathisen, welcome everybody to "power lunch. a lot of headlines and actions coming out of d.c. president trump getting tough on trade weighing in on the supreme court's travel ban and ruling and also turning up the pressure on iran. we got our reporters covering all of it from every angle and kayla tausche is tracking the issues let's begin with eamon javers at the white house. >> reporter: yes, the president is upholding the president's travel ban this is the third iteration of the travel ban the trump administration argued that therefore this was not focused on muslims as a religion but in fact focused on the issue of danger in terms of security threat to the united states, the supreme court believed that argument jo john roberts, the chief justice writing the opinion today. the president called this a great victory for the nation this morning we'll see the tape here momentarily. the president just wrapped and asking for more funding for r the border wall. we'll see some q&a there with reporters in the room. >> eamon, we are g

the lows >> thanks for joining us "power lunch" starts right now >>> and welcome, everybody i'm tyler mathisenca first. president trump in wisconsin right now to break ground on foxconn's new $10 billion facility out there that in stark contrast to neighbor harley-davidson wisconsin company trying to navigate tariffs that had been sparked by the president's trade actions. amazon taking a big step into health care buying online pharmacy shares of walgreen's, rite aid and cv

the lows >> thanks for joining us "power lunch" starts right now >>> and welcome, everybody i'm tyler mathisen america first. president trump in wisconsin right now to break ground on foxconn's new $10 billion facility out there that in stark contrast to neighbor harley-davidson wisconsin company trying to navigate tariffs that had been sparked by the president's trade actions. amazon taking a big step into health care buying online pharmacy shares of walgreen's, rite aid and cvs moving down on that news and the worst losing streak ever, worse than the mets. the financials trying to avoid a 14th straight day of declines. should you buy at these levels "power lunch," right now >>> quewelcome to "power lunch. stocks are holding steady this hour the dow hit its lowest level since early may earlier. crude oil is rallying again hitting new highs not seen in more than 3 1/2 years. more on the oil surge ahead. and the transports are hitting correction levels trading below their 200 day moving average avis, u.p.s. and fedex leading the decline. and today we begin with president trump about to tour the

. >> kevin, thank you for being here >> thank you >> pur"power lunch" starts now >> i am tyler mathiseny day in thoval office. he's also turning up the war of words are the philadelphia eagles details on that one straight ahead. fly eagles fly no, it is fly twitter fly, it is flying high. social media is set to join the s&p 500. the stocks are soaring up 60% this year so far how much higher can it go from here or can it the team's addic

. >> we are bringing the rocket fuel welcome everybody, i am tyler mathisen, here is what's on the menu today mystery in t history is in the making as the president is getting ready to meet with the leader at north korea. what is at stakes? the stakes are truly high. we'll comb through the trade numbers between u.s. and canada and china to see which country is really paying what to whom? and flips and flops. our real estate mogul, how he'

off in the next week >> coming up next in the blitz, the trades on mgm, spotify, but first, to tyler mathisen with what is coming up on "power lunch. >> we'll see you there will trump's trade tactics work or is he taking it too far we'll ask former commerce secretary and u.s. ambassador to china, gary locke. >> plus, the ceo of gw pharma, they got approval for a drug derived from cannabis, and a look at what's hot and not when it comes to remodeling in this etitive housing market that and more ea alime report" returns right after this and serve with confidence that it's safe. this is a diamond you can follow from mine to finger, and trust it never fell into the wrong hands. ♪ ♪ this is a shipment transferred two hundred times, transparently tracked from port to port. this is the ibm blockchain, built for smarter business. built to run on the ibm cloud. this is the ibm blockchain, built for smarter business. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flight for me. so i'm more than confident. how's your family? kayak. se

i'm tyler mathisen have you ever had to be at a family gathering and you kind of didn't want to be thereent trump is facing g7 leaders at this hour and there is a lot of tension right now over tariffs among other thing will they find common ground seems a little unlikely right now. are things about to get really testy? we are live north of the border. >>> plus, before the president left for quebec, he weighed in on a number of other issues, including his upcoming s

tyler mathisen may also be late to work.out today i urge you to tune in to "halftime" and "power lunch. those caps fans, we'll see how they look today. >>> still ahead on "worldwide exchange," big bank, bigger threat why one top lender in europe could be a big threat to your money here >>> and later, talking tech. the one f.a.n.g. stock that really takes the crown we'll give you some cool details yr rng i. stick around ♪ ♪ tired of wrestling with seemingly impossible cleaning tasks? using wipes in the kitchen, and sprays in the bathroom can be ineffective. try mr. clean magic eraser with durafoam. simply add water, and use in your kitchen for burnt on food, in your bathroom to remove soap scum, and on walls to remove scuffs and marks. it erases 4x more permanent marker per swipe. for tough kitchen and bath messes, use mr. clean magic eraser with durafoam. brand power. helping you buy better. >>> all right, welcome back. let's talk about now what could be a big threat to you and your money. we're talking about deutsche bank t

i'm tyler mathisen melissa is at the new york stock exchange and joins us in just a moment sarah eisen is here. we are all over the potentially market moving event. what it means for stocks, bonds, borrowers, lenners and more. >> let's check in on the trading action ahead of the fed decision stocks maged to carve out small gains. but the dow is lower tentative cautious trading ahead of the fed nasdaq 1 hitting new all-time intraday highs fox and netflix having the most impact in terms on points on the nasdaq 1u7b had. bonds are on the move ahead of the fed decision yield on the two year hitting their highest level in three weeks. home building stocks lower on pace r its worst day since mid may. taylor morrison leading the decline in that group. investors banking to an rate hike today what will policy makers say about future hikes, inflation. and the overall american economy. steve leishman has a rundown on what we can expect. >> expecting a quarter point increase to a new range of 173 to 2%. there is other stuff going on that might put a hawkish till on the fed's commentary let me go t

. >>> i'm tyler mathisen, welcome to the second hour of "power lunch" and here's what's on the menu thece for its eighth consecutive day of losses, trade troubles being blamed in part for that decline how long will this streak go on? >>> plus, the supreme court dealing a big blow to internet retailers when it comes to collecting sales tax is this a move to level the shopping playing field or simply government overreaching? >>> and sour grapes. why california wineries are worried about a trade war and how it might affect sales to china's growing market of millennials. the ceo of one good wine, silver oak, will join us live the second hour of "power" will start right now. >>> and welcome to "power lunch. i'm melissa lee. the dow is down by triple digits right now, 134 points to be exact. down by about 0.5% eighth straight day of losses there. it had been down more than 200 points at the session lows utilities and real estate, the best performing s&p sectors, the s&p down by 0.4% verizon, walmart, biggest gainers. southwest airlines, alaska air, jetblue, they are leading the way. michelle

i'm tyler mathisen investors don't like what they are hearing today about president trump's move to scalek his tariff fit wi china and other trading allies but we are off session highs as you see right there. the dow up about 76 right now. the s&p were having their best day in three weeks those gains faded just a bit the dow was up 285 points earlier. boeing helping to drive the gains, adding 40 point to the dow all by itself. and ude oil rallying highest level since november of 2014 and that is fuelling energy stocks best performing s&p sector this hour as you see right there. you see some of the energy stocks up as much as 4.5, almost 50 5%. financials on track to break their record 12-session losing streak maybe they will finally turn around right now they are not on truck. let's get more on the trading action at this hour. bob pisani is live at the stock exchange. >> we are 200 points off of the high force the dow i think there are two things going on number one, the receivious news is good news but it doesn't eliminate tariffs as a problem number two, end of the quarter machination a

i'm tyler mathisen a nice rally on this final trading day of the month, the second quarter, and the first half of the year the dow and the s&p 500 posting their biggest one-day gains in more than three weeks putting the dow back into positive territory for june that means it joins the s&p 500 and nasdaq, all three on track now for their third straight monthly gains. nike driving those winnings. the stock hitting new all-time highs on the back of strong earnings adding more than 50 points to that dow all by itself more on nike straight ahead. >>> plus oil up again. prices up 8% this week the latest rig counts are straight ahead michelle >> tyler the trump administration today celebrating the six month anniversary of the tax cuts eamon javers at the white house with more. >> it was a celebratory mood here at the white house in the east room. celebrating the six month anniversary of the tax cuts. just before that, we saw the treasury department releasing a new 1040 form. this is going to be a postcard-sized tax form for a lot of taxpayers if you itemize, you might not get to use it. if you h

tyler mathisen here in manhattan today for a cnbc event called talent at work part of a series of eventsdoing called at work that explores the future of work and how things like automation may change the workplace over the next decade or so. here as one of the panelists today and here right now is chieh wang he is the ceo of boxed a company that many of our viewers, i'm sure, have used to get big at-home deliveries of wholesale size quantities. and businesses as well use it. >> especially here in new york city and the tri-state area in general is a strong market for us >> if i want 400 rolls of paper towels delivered to my house, you can do it? >> in two hours. in new york city we have an express service. over 50% of our customers get overnight delivery for free. >> tell me about the growth trajectory of your company it is five years old >> going on five still 4 1/2. but we started in my garage not far from here in 2013. we did $40,000 in sales that year we were going to take over the world. then timing it right and timing the market right and the evolution of grocery right, we were doin

we'll have much more on that story straight ahead >>> tyler mathisen here, welcome, everybody, we've all the angles of this trade turmoil and the market impact covered for you. kayla tausche has the latest am eamon javers with a look at inside the white house and who's ascendant and who isn't. kayla, you first. >> reporter: the white house trade hawk told reporters today that this is a trade dispute, nothing more, nothing less he enunciated the administration's confidence in its position, outlining new tariffs by saying this the it's clear that china does have have much more to lose what we have at stake is $130 billion in exports to china. what they have sat at stake is $500 billion coming to us. he addressed the market reaction saying first the value of the trade dispute is small compared to the two economies' gdp and that second, the move is ultimately bullish for north america and not to read too much into the move in oil, the u.s. has become a major exporter and can send the commodity elsewhere. n navaro exuded confidence, calling the president visionary and courageous the annou

i'm tyler mathisen stocks rebounding now on this lastity trading day of the week.inally the do you higher for the first time in nine days. trying to avoid its first nine-day losing streak in more than 40 years. triple digit gains biggest in more than three weeks. all three major arches are on track to post a weekly loss. >>> oil rallying following an opec deal. we will head to vienna for details on that in and the rally in oiling is fuelling energy stocks it is the best performing s&p sector today, led by marathon. >>> i'm melissa lee. what else is happening this hour >> the supreme court saying the government cannot monitor the movement of criminal suspects by tracking their cell phone location without a warn. >>> we are bafly halfway through 2018 but disney has made $2 billion at the box office. inkrebls 2, avengers and black panther helping to fuel sales. >>> abc is ordering a ten-episode spin-off of the comedy, roseanne it's being called the connors but roseanne bahr won't be involved after her show was canceled following widespread outrage with her racial slur

welcome, everybody, i'm tyler mathisen mcdonald's planning a new round of layoffs it did say it's getting rid of management layers to streamline the company. so how are trade tariffs affecting u.s. business? ask thor industries, america's biggest rv manufacturing warning that tariffs are already raising costs. thor's ceo says he's seeing inflation pressures on raw materials. >>> and honolulu may become the first u.s. city to put a cap on surge pricing by ride hailing companies. the city council approved the plan, but it needs to be signed by honolulu's mayor who opposes the idea. >>> thank you. we begin this hour at the white house where the president is meeting with japan's prime minister right now press conference coming up the administration also announcing a deal with china on zte. and the president just moments ago making comments on the upcoming summit with north korean leader kim jong-un. we're live at the white house with details. >> reporter: that's right. the president is sitting alongside shinzo abe just a few moments ago. doing two things at once managing expectastions and set