i'm sara eisen >> and i'm wilfred frost a strong jobs number this morning. we'll talk about itwhat it means for the fed with dallas fed president robert kaplan. >> warren buffett telling cnbc berkshire has been buying amazon we'll discuss whether investors should follow him into that stock. >> and the ipo mania isn't over. soft banc considering an ipo for its vision fund. "closing bell" starts right now. >>> welcome to "the closing bell." we're on record high watch for the s&p 500. here's the level to look at. 2945.83. that would mark a new all-time closing high and we are just below that level. still we've got a pretty solid rally here dow's up 200 points. 3/ 3/4 of 1%. the nasdaq roaring higher up 1.4% the russell also doing well, up 1.7%, wilfred. with these gains after a really bumpy week we've actually turned positive on the week >> only just about, though the dow still negative on the week we could get another record all-time close for the nasdaq as well though it doesn't look likely the level there 8162 that is needed the dow still some 300 to 400 poi

wilfred frost is watching jamie dimon's changing tune on the trade war. and rick santelli following a drop in bond yields. bertha, let's start with you on the chips. >> yeah. a huge day for amd new pc and gaming chips over the weekend. analysts and cowan pretty bullish saying amd with its announcement stole the show at the compewtext industry trade show pricing was one of the big notes there relative to intel game chips. amd a standout on a day that chips right now flat to down for the most part. may is on pace in factto be th worst month for chips since november 2008 back in the midst of the financial crisis. large cap tech fang names also under pressure this month but helping the nasdaq 100 outperform today amazon looking at its first back-to-back sessions since may 16th when it's actually seeing guidance. back over to you >> thanks, bertha, for that. quick question john on the chip names. what's your take at the moment and how much is priced in on the trade war? >> at the beginning of the month really i think intel's three-year outlook where they lower

i'm wilfred frost. >> i'm sara eisen. we'll tell you everything you need to know before the market closes >> here are the major indices with 59 1/2 minutes left of trade. down 0.2% on the dow s&p down 0.1%. nasdaq down 0.2% you've got the utilities, real estate and staples energy the big decliner. >> qualcomm is the big stock story getting crushed after a judge ruled the company violated antitrust law. we'll discuss whether the drop say buying opportunity >> and the pile-on for tesla continues with another negative note out today while the bulls get behind beyond meat once again we'll give you the word on the street moving those two stocks >> joining us for the hour is josh brown, ceo of rittholt wealth management. we're lower, off the lows of the session. fed minutes didn't do much to turn the market around >> the word is paralysis every time you get a new reason to sell, maybe we back off a little bit but markets are neither gaining ground nor losing ground we've had a couple of 1% days this spring but really it's been

i'm wilfred frost. >> i'm sara eisen. hopes for a trade deal help stabilizing the market today dow up more than 120 points. we'll give you the latest details. >>> disney earnings due out after the close. captain marvel, espn subscribers, "star wars" and much more will be in focus we'll break down those numbers as soon as they are released >> lyft getting hit after negative reports surrounding uber's ipo what to expect for uber pricing tomorrow "closing bell" starts right now. >>> welcome to the "closing bell." a much calmer and more positive position in the markets with just an hour left of trade today than we've had on either the last couple of days. 0.3% on the s&p. the nasdaq up about -- the dow bup 0.5% nasdaq about 0.25% russell just negative. real estate the top performing sector utilities down let's start with stocks jumping higher on new hopes for a trade deal with china. eamon javers is at the white house with more. >> a morning full of news on the trade front here we started off with thistweet from the president

i'm wilfred frost. >> and i'm mor

. >>> good afternoon it's the final hour of trade i'm wilfred frost. >> i'm sara eisen. big question, could we close positive after trade war fears and stocks sinking this morning? details on negotiations with china. >> blackrock's rick ryder will tell us whether -- >> and carson block will join to us discuss a new firm he is backing. "closing bell" starts right now. >>> welcome to

i'm wilfred frost. >> i'm sara eisen. you need to know before the market closes >> here are the major indices with 59 1/2 minutes left of trade. down 0.2% on the dow s&p down 0.1%. nasdaq down

i'm wilfred frost. >> and i'm sara sizen. let's check on markets in the final hour of trade. not too far off from session highs. going strong for a third day in a row. dow jones industrial average up about .8 of 1% 226 points higher. s&p good for a gain of 1%. same for the nasdaq. best three-day win streak for stocks in several months >> s&p flat for the week as a whole. we've got a big show including our "closing bell" news maker verizon ceo hans vesterberg will weigh in on huawei, 5g and more. it's our week-long series featuring five top fund managers and we've got david ellison from hennessey. three stocks he is watching into the close coming up. >>> first up, though, president trump laying out his immigration plan let's go to eamon javers at the white house with what we've learned so far >> the president just wrapped a speech in the rose garden a few moments ago in which he laid out his plan for legal immigration into this country, saying that we need the move, the pull of immigration applicants up the income and education chain to accept people who score points on an imm

sara eisen, wilfred frost. word of the day is transient i think he said transient more than patient and that's important for the markets because it's a signal the federal reserve thinks this lower inflation is temporary and it's going to rise again if you were looking for the fed to make a move, a cut, for instance, like the president has been calling on gha ing oing on low inflation, fed chair powell didn't signal that because he said it's transient. >> to the right-hand side of that we did see initially a little up tick for equities because the fed release d at least at this point to inflation being softer a slight dovish interpretation of that. and that was undone by those comments that the inflation. clear to see the same reaction dollar briefly slipping and then recovering intraday again for the same reason, and yields also doing the same slight move lower initially and then as chair powell was talking and making clear that he is really happy to stay where he is no closer to a cut and yields recovered. >>

i'm sara eisen >> i'm wilfred frost let's get try to the markets the dow swinging more than 350 points intradi during the session. we're near session highs >> we've got full team coverage of what's driving the market as we begin this hour of trade. bertha coombs at the nasdaq. mark santoli, phil lebeau on auto tariffs, courtney reagan on weaker retail sales, rick santelli with the bond report and our guest host for the hour, barry knapp. >> plus, the big stories of the day. the global impact of a trade war with the former ambassador to china gary locke, plus talk with the ceo of "the new york times." >>> also day three of our week-long series highlighting five top fund managers for five days straight. jerry dodson has three stocks to watch into the close we start with bob. what's going on with the markets and this big turn around we've seen >> we did lift midmorning as the president said he was delaying auto tariffs we saw the autos move to the up side general motors moved up about 1% it's up and stayed up. but other key sectors trade related haven't done much at all. want to point out

i'm wilfred frost. >> i'm sara eisen.ior markets commentator here's how we finished up the day on wall street and markets did hold near the highs pretty much for the final hour of trade. going out with a gain of about 3/46 a percent on the dow up nearly 200 points. s&p 500 up a little more than .8 of 1%. the nasdaq did better. technology led the charge up 1%. a comeback in some of those important trade-related stocks like apple helped fuel the charge the russell 2000 index of small caps something mike mentioned earlier as a risk factor outperforming. that's a good sign up 1.3% overall pretty strong day. >> pretty broad. only one sector lower on the s&p. consumer staples that was affected by a couple of large individual stock movers. three sectors in total up more than 1%. energy, tech, and materials. volatility back a little bit 14.9 back below 15. again a relatively encouraging sentiment across the board >> trading front and center look at the semiconductors. led the charge up. up 2% on the day still down 16% from their

i'm sara eisen >> i'm scott wapner in for wilfred frost. less than an hour to go. we'll tell you everything you need to know before this market closes >> it's two key factors driving the action today the rate scare and the trade war. the drop in bond yields sparking fears of a potential recession and china's people daily state-run newspaper coming out with an editorial saying, don't say i didn't warn you. also the s&p 500 broke a key technical level earlier today. >> experts ready to tell you what to do with your investments right now, including bond guru scott minerd, plus disney's ceo bob iger joins us for a first on cnbc interview to tell us what he's seeing in the global economy. >> joining us for the hour, josh brown, ceo of ritholt wealth management >> hi, sara. >> how defensive are you in this market >> not particularly. so we're off about 6% from the highs. and as i have been pointing out recently, i think the two big changes between what we're going through now versus what we saw in the fourth quarter, for example, or early 2018, which were substantial cor

i'm wilfred frost. >> i'm sara eisen. here's what's moving in the final hour of trade. board. dow down about 126 points. low of the session down 203. so not quite as bad. tech is getting hit particularly hard you see the nasdaq there tech heavy, down 1 1/2%. those chip stocks really in the crosshairs of the latest flare-up between the u.s.-china trade war. >> within the s&p the tech sector's down close to 2%. some individual names on the move tesla hitting its lowest level since december 2016 after one analyst said the company's facing a

i'm wilfred frost. >> i'm sara eisen. stabilizing the market today dow up more than 120 points. we'll give you the latest details. >>> disney earnings due out after the close. captain marvel, espn subscribers, "star wars" and much more will be in focus we'll break down those numbers as soon as they are released >> lyft getting hit after negative reports surrounding uber's ipo what to expect for uber pricing tomorrow "closing bell" starts right now.

i'm sara eisen >> i'm scott wapner in for wilfred frost. less than an hour to go.u everything you need to know before this market closes >> it's two key factors driving the action today the rate scare and the trade war. the drop in bond yields sparking fears of a potential recession and china's people daily state-run newspaper coming out with an editorial saying, don't say i didn't warn you. also the s&p 500 broke a key technical level earlier today. >> experts ready to tell you what to do with your investments right now, including bond guru scott minerd, plus disney's ceo bob iger joins

i'm wilfred frost. >> and i'm sara eisen.knding at the uber post biggest ipo of the year. stocks still lower a bit of a stumble out of the gate opening below its ipo price at 42 it still sits below that price right now. now it's priced at the bottom en

it's the final hour of trade i'm wilfred frost. >> and i'm sara eisen.al reserve's message to the market former fed governor daniel terullo will join to us discuss what next steps the fed should take >> fake meat real returns we'll tell you what's behind beyond meat's wild first day of trading. >> and after the bell breaking earnings news from cbs, activision, expedia, and more. we'll tell you the key numbers to watch in each of those reports. "closing bell" starts right now.

i'm sara eisen >> and i'm wilfred frost a have good afternoon to you 59 minutes left in the trading day're going to tell you everything you need to know as an investor before the market closes as we hover near the session lows >> here's what's driving the action today in that stock market president trump said he's not ready to make a deal with china. 10-year yield is dropping. we're seeing new lows there. and consumer confidence is surging. >> tom lee and morten's jeremy siegel will tell you where they think the market is headin

. >>> good afternoon it's the final hour of trade i'm wilfred frost. >> i'm sara eisen. big question, could we close positive after trade war fears and stocks sinking this morning? details on negotiations with china. >> blackrock's rick ryder will tell us whether -- >> and carson block will join to us discuss a new firm he is backing. "closing bell" starts right now. >>> welcome to "the closing bell." just under an hour left to trade. an intraday chart of the dow for you we are pretty much at session highs. the low was close to 500 points at the open. negative down 471. currently down just 56 points, or .2% if we snap into all three of the major indices, they're all in the red still but only just the russell does outperform, is only down -- is slightly higher in terms of the sector performance we now have two in the positive, energy and health care have had all ofthem negative for most of the session. >> there's really been a recovery throughout this session, especially after the overnight markets closed china got hit pretty hard. and we just got news from our kayla taus

i'm wilfred frost. >> i'm sara eisen. here's what's moving in the final hour of trade. we've got stocks lower across the board. dow down about 126 points. low of the session down 203. so not quite as bad. tech is getting hit particularly hard you see the nasdaq there tech heavy, down 1 1/2%. those chip stocks really in the crosshairs of the latest flare-up between the u.s.-china trade war. >> within the s&p the tech sector's down close to 2%. some individual names on the move tesla hitting its lowest level since december 2016 after one analyst said the company's facing a kilimanjaro-like uphill climb for hitting its profit targets. >> sprint and t-mobile volatile right now in the last hour of trade on a new report that that merger could be facing headwinds from the doj we'll have the latest on an analyst who says if the deal is approved there's one other stock that is primed for a takeover. >> and semiconductors are getting hit on news they are suspending activities with huawei, and we'll start the day with the china trade fight and its impact on the markets. jon fortt

i'm sara eisen alongside wilfred frost.joining us in a moment it was an up day dow rally .8%. not quite at the session highs the s&p 500 rallied about .8 of 1% most sectors were up today 10 of the 11 sectors higher. technology led the charge. industrials, financials, basically if you've been hit by the recent market sell-off by trade over the last few sessions you saw a bit of a comeback today. nasdaq up 1.14%. the russell 2000 index of small caps, which has been hit harder than the rest of the group over the last few days, up higher than the rest, up 1.3% >> we've got full team coverage of the biggest wall street stories. bob pisani and bertha coombs here to break down today's market movers. kayla tausche has all the latest in the u.s.-china trade battle and aditi roy standing by for tilray earnings. a reminder we have an interview coming up on that too. >> the tilray ceo coming up, instant reaction ahead of his company's earnings call in just moments from now let's get straight to bob pisani with the biggest moves on the

it's the final hour of trade i'm wilfred frost. >> and i'm sara eisen. the federal reserve's message to the market former fed governor daniel terullo will join to us discuss what next steps the fed should take >> fake meat real returns we'll tell you what's behind beyond meat's wild first day of trading. >> and after the bell breaking earnings news from cbs, activision, expedia, and more. we'll tell you the key numbers to watch in each of those reports. "closing bell" starts right now. >> welcome to "the closing bell." let's check in on the markets with just under an hour left of trade. we are off the lows, which for the dow is down 250 points we're currently down 162 but still declines for the three main indices the dow down 0.6 the s&p down 0.4 and the nasdaq down 0.3% real estate, financials, health care the only positive sectors energy very much bringing up the rear with oil prices slipping over 3%. >> let's get right to it with our "closing bell" exchange. joining us today is sam stovall from cfa drew mattis from metlife and our own rick santelli at

i'm wilfred frost. i'm at the uber post as we gear up for that stock to be front and center during the next couple of hours during the course of "closing bell. the stock is down 0.4%, down more than 10% since it ipoed that first public quarterly earnings report coming in the next hour. three key things to watch coming up >> i'm sara eisen. welcome, everyone. we're going to tell you everything you need to know as an investor into the closing bell wp we'll start with what's driving the action right now federal reserve vice chairman richard clarida says a rate cut is possible if economic outlook worsens. treasuries and the dollar are holding steady some pressure points there for investors. oil is plunging on those growth fears. joining us for the hour to break down the market action stephanie link is back, cnbc contributor from tiaa a nuveen company what stands out to you amid the action today and the sort of loss of momentum we saw from the early morning and the open >> two things. oil totally collapsed a

i'm wilfred frost. >> and i'm sara eisen. and we're sknding at the uber post biggest ipo of the year. stocks still lower a bit of a stumble out of the gate opening below its ipo price at 42 it still sits below that price right now. now it's priced at the bottom end of the range >> but as that intraday chart shows, it could have been worse. coming up we'll have the new york stock exchange president stacy cunningham to discuss the ipo and after the bell former uber chief business officer emil michael will join us here in order to discuss >> let's start with bob pisani for a look at what has been a wild day for stocks. an unfortunate day to debut in the public market. >> we'll see how it closes the important thing, the market absolutely refused to believe there's going to be any kind of problems with the trade deal and won't address the real potential economic issues. just look what happened here steve mnuchin, here we go. okay we have talks are constructive this is good for 25 points on the s&p 500. 250 points on the dow jones

i'm wilfred frost. >> and i'm morgan bren nn for sara eisen happy friday we have got a big show on this friday the dow coming back after being down 204 points at the low we are slightly higher right now. >> up 0.1% we're following all the action including starbucks rival luckin's first day of trade. we're watching the moves and what it says about the ipo market plus day five of our week-long series, an all-star fund manager at t. rowe price today will tell us the areas he likes into the close. that's coming up >> but first, we've got breaking news on trade. let's get to kayla tausche with the latest kayla. >> morgan, we've been talking about autos and steel and aluminum all throughout the day but i want to bring you an update on china where it appears negotiations between the u.s. and china have stalled with both sides digging in after disagreeing earlier this month on the deal text two sources briefed on the status of talks said the scheduling of the next round of negotiations is in flux because it's not clear what the two sides would be negotiating china hans signaled it's willing to

i'm sara eisen >> and i'm wilfred frost here's what's moving in the final hour of trade.m the highs of the session. also not too far from where we opened it's been a pretty steady day of gains and broad as well. 10 out of 11 sectors higher. only really staples, which is in the red. and that's down to some individual earnings earnings movers >> individual names making some big moves, kohl's getting crushed after its earnings report this morning. we've got someone who says this could be a buying opportunity. >> chip stocks making a bit of a comeback after the u.s. grant aid temporary reprieve from the huawei ban

i'm sara eisen >> i'm scott wapner in for wilfred frost. the dow plunging more than 700 points at the low. >> we've got full team coverage for you as we begin the final hour of trade. bob pisani on the floor of the nyse bertha coombs is at the nasdaq mike santoli is at our new post with the market dashboard. kayla tausche is in washington with the latest on trade and tariffs, which is the root of this sell-off. an

i'm sara eisen >> and i'm wilfred frost a strong jobs number this morning.ll talk about itwhat it means for the fed with dallas fed president robert kaplan. >> warren buffett telling cnbc berkshire has been buying amazon we'll discuss whether investors should follow him into that stock. >> and the ipo mania isn't over. soft banc considering an ipo for its vision fund. "closing bell" starts right now. >>> welcome to "the closing bell." we're on recor

. >> and i'm wilfred frost with mike santelli senior market commentator. how did we end up trading. only up 0.15% by the close. we did lose a little bit of steam in the final 20 minutes of trade. nonetheless green across the board for all indices, the dow up 0.4%. the russell which of course surd of late had the biggest -- the biggest bounceback up 0.8%. >> and famed investor dan niles will join news a few minutes he just covered his short on semi conductors yesterday after a brulgts week for the stocks. he tells us the next move come up wilfred what stands outs in the market still adown week and a brutal week for a lot of investors more than 1% declines on the s&p, double that for the nasdaq it's interesting to go into the subsectors to see the story. hardest hit department stores down 12.6% for the woeb. why double whamy for the group number one the results not that great appear seema mentioned kohls, nordstrom also. and again they don't have the pricing power if the china trade war is going to be pro longed and get worse as all of the indications this week were, then the next gro

i'm wilfred frost. >> i'm sara eisen.h mike santoli, cnbc senior markets commentator, here's where we're finishing up today on wal session dow jones industrial average down a little more than 1% loss of 286 points a lot better than we we were at the lows, down 444 points on the dow. recovery starting at 3:00 p.m. final hour of trade. and all the way up until the close. still hit pretty hard. the s&p 500 down 1.2%. the nasdaq got hit even harder, down 1.6%. technology squarely in focus whenever these trade concerns flare. and the russell 2000 index of small caps sort of risk-on barometer lately down 2% >> industrials, tech, energy we saw a big move in yields. we're talking about falling below 2.4 on the ten-year yesterday, below 2.3 today that meant utilities high, financials lower, weighing on those sectors. >> i think that's the big takeaway for today is it wasn't just about the stock market. bonds have been calm pretty much but not today. we saw that drop below 2.30. 17 1/2-month lows for the ten-year treasury yield. co

. >>> good afternoon welcome to "the closing bell," everyone i'm wilfred frost at the new york stock exchange. at the general motors post in particular that stock down 4% all of the autos, though, getting hit hard and we'll break down which other sectors are also being affected by president trump's threat of new tariffs on mexico. >> i'm sara eisen. 59 minutes left of trade we'll tell you everything you need to know before the market closes let's start with what is driving the action at this hour. of course there's concerns about what happens with mexico also weak economic data out of china overnight actually show contraction for its manufacturing sector and it is the final trading day of the month boy, has it been a tough one for the bulls. joining us for the hour to break down the market action, steve grasso from stuart frankel let's start with the autos we're going to go through every sector but that one's getting hit the hardest. what do you do if you own these stocks >> you have to hold on this is the first day thing. usually i have that three-day rule, when you wind up seeing a

i'm sara eisen wilfred frost rejoining me in a minute mike santoli, senior cnbc markets commentator.than it looked around mid-morning that is for sure the dow going out with a decline of 140 points. at one point this morning we were down 450 points reacting to some comments from president trump rallying in florida last night with tough talk on china. we got word that the chinese president xi jinping sent a beautiful letter to president trump, maybe got some hope that they could work something out. that certainly sent markets off the lows closing down just half a -- just a third of 1% on the s&p 500 real estate and energy popped into positive territory. materials, technology, and consumer discretionary for the week it was looking pretty ugly there. at one point in the session. right now it looks like we're down about 2 1/2% for stocks heading into a friday. the russell losing a third of 1% as well. it is a busy one after the bell today. we are waiting uber's ipo pricing. also earnings on deck from wynn. dropbox, zillow, booking holdings and more. team coverage on these developing stor

wilfred frost rejoining me in a moment along with mike santoli, cnbc senior markets commentator. here is how we finished up that wild day on wall street. dow closing lower yee yeer 472. that was well off the lowest points of the session. at one point last hour we were down 648 points. that was the low s&p 500 closing lower. 1.65%. again, earlier today we were down 2.4% at the lows of the session. still it was a broad-based sell-off every dow stock did close lower. boeing biggest loser united technologies and am also doing pretty poorly. as far as the s&p sectors all closing in the red technology information technology, that is. industrials and health care the worst-performing sectors in the s&p. the nasdaq composite closing down just below 2% the russell 2000 just at 2%. worst day for the nasdaq and the s&p since march 22nd worst day for the dow since back in january we are on earnings watch this hour lyft, trip advisor, electronic arts, sprint and more all set to report any minute. we've got full team coverage of those reports. we'll bring you the numbers as soon as they cross a

i'm sara eisen >> i'm scott wapner in for wilfred frost. the dow plunging more than 700 points at the low. >> we've got full team coverage for you as we begin the final hour of trade. bob pisani on the floor of the nyse bertha coombs is at the nasdaq mike santoli is at our new post with the market dashboard. kayla tausche is in washington with the latest on trade and tariffs, which is the root of this sell-off. and alicia levine, b.i. mel slon here all hours to help break it all down for us. >> plus the stock stories you need to know including uber plunging yet again today here's a real-time look at it. down another 11% we'll break down what went wrong with friday's ipo. we'll also be looking at how sectors are getting hit by the trade war. health care, housing, tech, and media just a few >> and we're also kicking off a new series today five top fund managers for five days straight. coming up tom clune will give us his best ideas about the volatility >> the sell-off. bob pisani's been tracking it all day. it's been ugly not as ugly as it wa

morning, and welcome back to "squawk box" here on cnbc i'm joe kernen along with melissa lee and wilfred frostedman, "the new york times" foreign affairs columnist and author u.s. equity futures at this time -- tom, it's good to have you. we'll have some time for stuff other than tiger i mean -- >> tiger and bubba we're on the eve of something really important here, you know, so. >> how about moving -- but we digress. we do have some headlines, but just for a second while i've got you here, and something we definitely won't argue about, how we can stay on this subject -- how about moving the pga to right after the masters, and then tiger wins the masters, and it's at beth page, where tiger's already won a u.s. open there. suddenly, the pga is right up there. it's no longer 0.6 major it's like a full major. >> what's interesting, joe, he has not played since augusta i was sort of surprised by that, you know what i mean that he didn't throw in one there to sort of get tournament-ready but it's going to be fascinating to see, not that i doubt he's -- >> you know who says he's not scared, brooks a