wilf, normally, in the past, software hints at hardware people are anticipating new iphones. them now that apple has shifted away from that big new explosive hardware cadence, i'm curious how this is going to play with markets and with enthusiasts >> if they can really explain updates of the hot areas to us, can siri be as good a product coming up as alexa or home pod, which they have lagged on a bit. apple watch, for example, has lagged a bit in terms of hitting an all-time high, $192.24 is the price it would neat to hit to get to a billion. it's still five or six percent off that, but ever closer. >> yes, indeed, apple is up. the dow is up nearly 200 points. s&p up fractionally. that is it for "squawk alley." let's turn it over to the judge and the half >>> welcome to "the halftime report." i'm scott wapner our top trade this hour, the tech revival with the nasdaq lessthen 1% from its all-time high, is the sector once again the best place to be for your money? with us for the terrano terranova, stephanie link, jon najarian, and jim cramer, the host of "mad money." our focus

we want to hear from you wilf has an animal-phobia. >> only one animal in particular generally, love animals. >> wait physical you hear it at&t gives you more for your thing. your getting serious thing. that moving out of the friend zone, moving in together and getting two of everything thing. those fur babies preparing you for real babies thing. that one for me, one for you, us together for the rest of everything. buy one iphone 8 and get one iphone 8 on us. more for your thing. that's our thing. visit att dot com. >>> welcome back, alibab announced new funding to pace plans to provide financial services to the unbanked and underbanked customers. when they went public in 2014, and -- >> today's funding, now they are picking up valuing the company at $150 billion, according to the wall street journal, nearly double goldman sach's market cap of $88 billion. >> amazing >> i mean, more amazing thing about this to me is not just the size of it because a big chinese financial company can be bigger -- >> $50 billion >> sure. but it was $60 billion two years ago. which is more impressive, t

out to washington where kayla has the latest on this escalating trade war >> reporter: wilf, president trump floated new tariffs up to $400 billion in chinese imports yesterday in response to china retaliation for the $50 billion targeted by the u.s. on friday in remarks today, trump said the move was necessary, but he was mum on how china responds and what happens next. >> now, maybe something happens where they come and they say we agree it's been unfair for the last 25 years, but somehow that does not seem to work so easily. we're going and we're going to make it fair >> white house trade huff made yesterday's pitch to the president to ratchet up tariffs said today, there's no talks with china on the books after china failed to make any proposals to stop stealing u.s. intellectual property, the heart of the dispute the u.s. in a separate ask wanted a $200 billion reduction in the trade deficit china said they would buy $200 billion in goods over three to four years, and that proposal went down over talks, but nav navorro said the phone lines are open treasury steps up the investigat

>> there is something for you at the end, wilf. here's what's happening at this time, everyone a federal appeals court rejecting a bid to void much of his 2011 conviction and prison term the court said the group found his claim did not qualify insider trading by not raising issues in an earlier appeal. >>> four more deaths linked to the e. coli outbreak blamed on arizona growing lettuce bringing the total to five. it's unlikely any tainted lettuce is still in stores, but there can be a lag in reporting and reports of illnesses continue to come in. nearly 200 people were sickened. >>> former president george h.w. bush released a photo of himself in the hospital reading a book about his past wife, barbara bush, written by their granddaughter, ellie photo shows him in good spirits recovering from low blood pressure and fatigue >>> and queen elizabeth will celebrate the 65th anniversary of her coronation tomorrow she was crowned june 2, 1953 when she was 27 years old. she's remained a symbol of national stability in a world of quite of

. ♪ >> hi, everybody, welcome to the closinbell what do you think of the walk, wilf i did the walk >>ouldn't see it, but i've been told you were doing it, and i need to watch back to definitely have a look at that, and why i'm happy to be here becae as you enter the trading floor, there's two massic flags, a u.s. and british one next to it, so i'm looking forward to speaking to the ceo coming up. >> well, this better be a good interview, i mean, you're there for the whole hour, okay, we got to do this remote thing, we were in the boxes, so, you know, i'm just saying, let's deliver the goods, okay? >> we certainly will it's a great time to have jes on not least because their trading performance in the last quarter was better year over year than some of the u.s. banks of which some of those guided down to the quarter heads so we see how they shape up in this particular quarter and week of turmoil across europe and deutsche bank down sly last week >> what do you think unicredit and sock gen who would have imagined that, you know, i don't know, ten years ago, but times have changed. >> we

>> yes, i do, wilf, indeed, it is a still developing story. tell you there was an active shooter situation a bit earlier occurring at the capital gazette in annapolis, maryland, still underway we've seen people leaving the building now we are hearing from a reporter that multiple people have been shot police have not immediately responded to request for further information. that is according to a reporter who was on site and possibly in the vicinity of where the shooter was. we don't have a status as to whether or not anyone has been apprehe apprehended. it's considered an active shooter incident at that particular building. they have managed to get people out of the building. we have been seeing live pictures that came in moments ago from our affiliates down in that area, wbal and wrc so what we know now is there are injuries, multiple people shot, and nbc news is going to try to confirm the number and extent of the injuries, but it is still a developing situation as you see, i believe, those are ems workers or medics transporting some people

it was solid whereas europe, i don't see it what you see in the euro, wilf, are promises from a centralank that do not match what europe and the economy is doing, and i think the traders smell blood. >> rick, before moving on, i have to ask about the dollar i don't know if it's all just the euro, but the dollar index is more than a point, and everyone watching emerging markets right now are going, wait, how much worse will it be in arian gene tgentina. there's a lot of pain out there. >> i don't understand. it's whack-a-mole for emerging markets. the thing they tie in knowing the direction of the fed, knowing the ecb probably can't get all their ducks in a row, to me, the dollar index is mostly the ben finieficiary of the eur7 of the dollar index. that's the mover and shakerment don't underestimate how the fed direction, the contrast with other central banks, the solid undertone of our economy is also a positive for the dollar, but, today, no doubt about it, especially when the euro slipped under 117. that's when the dollar turned on turbo thrusters, and traders tried to pick bottoms al

child for that for many years, ge management style, with the institute, and so many of the things, wilfit's not the way they are seeing things these days. they do not embrace that model at all, and, in fact; he's going to also be shrinking the headquarter staff, the corporate staff, pushing down to the actual company level much of the decision making and many of the l allocation decisions as well to your point, trying to actually cut another $500 million in costs in addition to $2 million for 2018 by doing that conglomerates on the out a lot of businesses purchased by his predecessor, many at the highs, and sales that took place at lows in the market place. this is a different company now, a far, far slimmed down company, they hope, with a greater focus on a sharing amongst the businesses that makes sense in terms of engineering and onentsgiven now they, to put it simply, make a lot of things that turn you know turbines, jet engines, they all -- windmills, they all turn. >> oh, that, and see now you're at a level i understand. thank you very much, david faber, and ge going back to what

interest rates for the last eight or nine years, so for the dollar, this is an interesting scenario, wilfhe dollar makes up 57% of the dollar index, yet today is down three quarters of a percent closed up on the week, and the euro closed up a little bit on the week as far as all the other dynamics, alls i can tell you is that a small story that traders in the equity complex here had a plan coming in on monday they said, it will be nasty, monday, tuesday, and wednesday, wanted to buy based on effects of half year end, thought they'd buy thursday age friday. maybe they got lucky talk to traders, they have significant strategies for how to deal with rebalancings and they are good at it. i don't think the market fund ta ment -- fundamentals changed a lot and will blow over we have to pay close techniques. the rest of the world is coming into an issue that's going to keep their rates softer than ours, and that pressures us down, so the real issue is, do we break the way from the notion of a softening rest of the world, divergence here that's the topic to focus on in the next quarter >> yeah, a

>> that's right, wilf.ox and disney agreed to a new deal disney now paying $10 more per share which adds up to $71 billion for the fox entertainment assets disney's current bid is now a 50/50 split between cash and stock. that's about $6 billion more than comcast all cash offer made last week. bob iger saying on an investor call today that the company is more committed than ever to fox's assets more committed than it was when the deal was announced six months ago it also -- iger also saying they will get a meaningful head start to comcast in fact, shares of comcast and disney shot higher today after a bloomberg report that the doj could approve the deal in as little as two weeks. >> we've been working with regulatory authorities not only in the united states but in jurisdictions across the world now for six months and we've made a lot of progress toward obtaining the regulatory approvals that are necessary >> now, disney saying this deal does not change their plans to invest in their other disney businesses

because where there's a y, there's an us. ♪ >>> wilf is back there wilf is back there playing with the. >> resembled the whole idea of having -- there's a couple of dinosaurs right there. >> there you go. i see at least two on the screen right now. >> yeah, i don't like that anyway, the nba held its draft last night i got some comments here you're going to talk the money angles but it was pretty interesting overall. i feel bad for the villanova guy. i feel really bad. >> it was a good story >> he was so excited to play for the 76ers. >> his mom works for the 76ers and they interviewed >> i didn't see it >> they drafted him. he was celebrating posing with joel embiid and then the 76ers traded him right after >> heartless >> yes heartless. >> maybe she traded him. >> my goodness i see dinosaurs behind him. >> you see him dante is now a buck. and treyvon blew it. >> here come the dinosaurs again. look at this >> there are some winners and losers in the sneakers war which we're going to talk about. plus big three basketball is back eric chemi joins us with more. we'll talk about this other

eric >> reporter: wilf, in front of the rocky statue, and these are fighting words between the president, saying the eagles were not being patriotic, and the vast majority that abandon their fans, and meanwhile, the mayor of philadelphia calling the president an egomaniac obsessed with crowd size ly that nobody from the d eagles knelt during the anthem the entire year. sure, there were players like jenkins that put fists up in the anthem and players like chris long spoke vocally out on issues they care about, so this is a really tricky one. it's bigger than the anthem and goes to that divide that you're seeing across the nfl, among its players and ordinary persons the eagles' owner himself told owners in a private meeting you cannot be baited by the president or let him divide our nfl organization, but that's what we are seeing here. the league tried to get over this issue by saying, no one can kneel. stand in the locker room or stand if you come out. as we saw from a tweet from the president today, he said staying in the locker room is just as bad as kneeling. this issue may not go away

>> yeah, wilf, stay with us. this mean banks have too much capital what do you think -- i mean, is there -- look, that was such a severe -- squeezed down 65%. >> a 2008 scenario >> exactly >> we lived the ed through it, t do you think >> i told you for years they have too much capital. the question is how do we get it out of its system now? if you're going to limit the payout ratios to 100% of earnings, which i'm afraid - >> sounds reasonable, by the way, sounds, like, well, sure they can't pay more than they make >> raise too much capital, growing internally faster than they need, they ought -- some of the companies ought to pay out more than 100% >> that's the announcements we get next week? >> yeah, i mean, obviously, we get some announcements the question, i don't know the answer, is how much already was anticipated and what magnitude for each banking, what they are able to do and distribute. >> banks are down 20% from january. expectations are not in there, you know, obviously, we knew capital levels were st

to be learned >> we have not had quarterly reporting since 2014 there's transparency you mentioned, wilfit could be a problem, but we can publicize any material issues or transactions that might have an impact on earnings, and it works well there's more focus on the quality. we had higher focus on narrative reporting on what's going along with the accounts, and i think it's been a good thing >> a pleasure to see you >> thank you, thank you, kelly >> new book, a good time to be a girl, coming out any minute, and refreshing new take on an important issue that many people are pursuing as well >>> i'm just laughing at you talking about being a goodtime to be a girl, but, anyway, up next - >> it's the title of the book. what do you want me to say >> u.s. antitrust chief made fresh comments about disney-fox deal and why he said it was surgically ka surgically carved out. (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcado

. >> thanks, wilf. >>> markets hanging on to some gains here "squawk alle iba ia menty"s ckn i we workedith pg&eof to save energy because wenie. wanted to help the school. they would put these signs on the door to let the teacher know you didn't cut off the light. the teachers, they would call us the energy patrol. so they would be like, here they come, turn off your lights! those three young ladies were teaching the whole school about energy efficiency. we actually saved $50,000. and that's just one school, two semesters, three girls. together, we're building a better california. >>> welcome back the supreme court ruling that online retailers can select sales tax. does that mean that online shopping will become more expensive for consumers going forward? joining me, co-founder of stitch fix competitor latote. gentlemen, thank you for joining us today. >> thank you. >> thanks for having me. >> paul, i want to start with you. looking at a note from you, saying we saw this coming. >> i think we did. most e-commerce companies have seen this for a while. $450 billion with transactions last y

phil lebeau has more on that, and, wilf good luck tonight as england goes in on the world cup. >> thank you we need it kicking off the second half right now, and it's 1-0. sorry. >> amazing you can stay focused. >> well, i'm struggling. anyway, thank you very much for that, bertha meantime, markets around the globe on edge as tensions flair between the u.s. and china, and kayla has the latest in the trade battle >> reporter: one of the reasons why the market is on edge today is because, yes, the u.s. and china went head-to-head on trade on friday, but there's not really been anything that's happened since then, and that's worrisome to the markets because there's a lot that would have to happen in the next three or so weeks to avoid further confrontation with china or with the g7 allies. you heard bob talk about the second pair of lists, which could be implemented in a little less than two months time. here's all the things that are on our list of things to watch first, end of the month, could see treasury investment with china, frictions, increasing tensio tensions you could see retalia

. >> it's a blazer phil, what are we going to do with him >> not meant to be, wilf, not meant to be.it's a good looking car >> that was my opinion >> candy apple red, thank you. >>> boosting oil output by 600,000 barrels a day, lower than anticipated so oil is spiking on that decision >> joining us on the hone is helima croft, good evening to you in vienna. >> caller: good evening. >> were you surprised at the extent of the rallin the oil price? crude's up 5% despite this change i guess it's because it's slightly underrealmed? >> caller: i think the signs yesterday raised expectations. when they came out with an imbig yo -- ambiguous statement that caused markets to see it's not as big as expected and the fact they were able to come together for an agreement last night, the iranian oil minister dramatically walked out of the monitoring committee meeting, and people thought we might not get any agreement today, that opec would bust up, so i think the fact they were able to come together and the supply add does not look enormous is why we have a rally. >> yeah, that was interesting, a

. >> thank you, wilf welcome, everybody i'm kelly evans.is how we finished on wall street, green across the board, but the dow lost the gain on the bell, going out just nine points higher and we took a big leg down in the closing minutes of the session here the s&p 500 added three points, and nasdaq up 0.2% today russell 2,000 added just about 2 points because of that selloff -- well, not a selloff, but off the highs into the bell. the russell juissed closing at another all-time high we are hours away from president trump meeting with north korea about five hours away, in fact, from the meeting, and 9:00 p.m. eastern time in the u.s., and 9:00 a.m. in singapore it all gets underway we'll bring you the latest headlines we have from singapore right now, and talk about what a summit would look like for both sides. joining me now, michael san toli and kevin o'leary, welcome united health won, and mcdonald's lagged, maybe because of ihop, who knows, down 1.5%. striker lagged on a deal with boston scientific. stryker down 5%. michael, so, first o