3m, a company that increased its dividend more than 25 years.s quite a statement if we had just looked at the spine. speaking of dividend aristocrats, we had a box of cheerios every day of our lives. we could have bought general mills. what a fantastic stock that would have been. and then the really easy ones. who the didn't want to go to disney world it's that factor and not how many people cut espn off in the end. that's what matters. the intellectual problem, the library. the library alone should make you want to own shares in the company. but the theme park, i mean, come on let's not outthink this game i don't know about you, but johnson & johnson's band-aids, babier powder, shampoo were staples in our house i knew to wipe my nose with kleenex. these aren't things that are even taught. they are embossed. they are imprinted i know that mcdonald's today may not seem like something you would necessarily want to invest in because of the quality of the food, but the ceo is committed to making the food more natural and organic over time. the whole

as the conference call went on, 3m made a u-turn and it started cratering. i was aghast eight straight points evaporating in minutes i was shocked and screaming and going buy buy buy buy buy to anyone who would listen, which, of course, was no one. i was talking to myself. like a great swimmer. >> mike: call phelps, touching 190 in reverse, grabbing 200 as fast as it went down mind you this was on the identical set of facts, nothing new, not upgrade, people getting it wrong. upon further review, decided to circle back. last week, gotten an obvious one i talked about endlessly, nonetheless excruciating invidia, makes the chips for graphics and data center and artificial intelligence i was telling everyone you had to expect a steep drop-off from chips used to mine cryptolike invidia. you couldn't tell what it was using the chips for and it had a steep decline. it doesn't take a genius to tell the intheria market practically vanished and there might be a pause in the market as new more powerful chips are introduced. despite this not just known and talked about

olympic and commonwealth champion jack laugher won two gold medals in the 1m and 3m springboard at thein the synchronised 3m springboard. and laugher came in to bbc sport today to show off his medals. so, these are my first ever individual european titles. i won backin individual european titles. i won back in 2006 in the sink robenn with chris. i am back in 2006 in the sink robenn with chris. iam really back in 2006 in the sink robenn with chris. i am really pleased to get three medals in front of the home crowd. especially two golds. it is like a crowd. especially two golds. it is likea dream crowd. especially two golds. it is like a dream come true for some it isa like a dream come true for some it is a team sport and things go wrong. in the commonwealth games we still got a gold medal. in the world cup, i dropped my diet which caused us to come second instead of first. this time it was down to chris. he dropped his dive. it is something to work on for the future. when you are diving, do you know when you have made a mistake like that? you can feel when something is right or wrong.

. >> next we go to your final pick which is 3m and also a global play.oint out the dividend and its paid the dividend, and it's raised the dividend payment for 60 consecutive years. >> s3m generally thought of as an industrial conglomerate and we think that's a bit of a misnomer because we get a meaningful amount of business, an we thinkhat helps to dampen the earnings volatility we might otherwisesee. >> the company has longstanding competitive advantages including the strength of their brands and their manufacturing in new pruct development expertise and like we mentioned, 3m is an excellent producer of ch and they have an incredible dividend history that we think isell positioned to continue. >> on that note, allen, thank you so much, have a great we bend. >> allend with the jensen quality growth fund. >> u next, how a pair of entrepreneurs can prevent chemical disasters like this, on drop at a time. ♪ ♪ >>> there is currently roughly a $4 billion global market for hydrog peroxide or h202. you mightt use to rinse your cuts or bleach your hair among ot

meanwhile grace reid and ross haslam took silver in the mixed synchronised 3m springboard.ie pirks reports from glasgow. what can you say about adam peaty that hasn't already been said? he is a man who seems to thrive when the spotlight is on him and as the world and european champion in the 50 metre breaststroke, the spotlight was on him. he, as usual, roared to gold in serena fashion. nobody seemed to be able to touch him. don't forget, he has already broken the record in the 100 metre brushstroke. but this was the event where he was unexpectedly beaten to gold beating that four—year unbeaten record that he had been carrying for so record that he had been carrying for so long. this wasn't a world record. he already has ten of those, don't forget, but it was a championship record. he is still not resting on his laurels though. this is what he has to say after the race. chill out, rest, geta massage, has to say after the race. chill out, rest, get a massage, absorb it but not too much. i am going to enjoy all of this after i have finished but i have still got a job to do to

boeing, 3m. goldman sachs, ibm, these four, responsible for all of the dow's declines. that. david: preparing for a blue wave. why drug companies are making changes now for the potential rise of socialism. we're getting steve forbes' take on all of this coming up. melissa: plus north korea threatening to derail any progress made from the talks with president trump. anthony tata responds. that's next. ♪ what matters to you? you got a1c, heart, diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease, significantly reducing the risk of dying from a cardiovascular event and lowering a1c, along with diet and exercise. this really changes things. jardiance can cause serious side effects including dehydration. this may cause yo

second gold forjack laugher at the european championships, as he takes a dramatic victory in the men's 3m a welcome fit for a champion on the streets of cardiff, after his triumphant victory in the tour de france. the team sky rider stepped out of chris froome's shadow last month to achieve a sixth win in seven years for british cyclists. 0ur correspondent tomos morgan is in cardiff. well, the crowds are still mingling behind me after the home coming and this is a day that geraint thomas will rememberfor years this is a day that geraint thomas will remember for years to come. but he is such a well decorated athlete with two 0lympic he is such a well decorated athlete with two olympic gold medal, a commonwealth games gold and three triple world championship, but of course, last month's tour de france victory will be the pinnacle of his illustrious career and wales celebrated that in emphatic style. never before has the welsh capital celebrated a cycling victory like this. thousands gathered across cardiff as the country celebrates the first welsh man to win the tour de france. as he rides

double silver win too for great britain for divers grace reid and ross haslam, in the mixed synchronised 3mie pirks reports from glasgow. adam peaty! it's a name now synonymous with success. but with success comes expectation. it only serves to spur him on, as the man with the lion tattoo roared to gold, his race was textbook brilliance. absolutely masterful. no one anywhere near him. it was adam peaty‘s third gold in glasgow and the championship record, but still he wants more. i'm going to enjoy all this after i finish. but i still have a job to do tomorrow. my emotional level has got to come down to neutral. three of three golds, but yeah, it's good. we are well used to peaty winning of course. but next up is siobhan—marie o'connor in the 200 metre individual medley and she is up against an all too familiar foe. a silver in the olympics put siobhan on the map but world and olympic champion katinka hosszu always seems to be one step ahead. today she was just too strong again, o'connorfinishing a disappointing fourth. there was better news in the diving. mixed synchro pair grace reid and r

what we can talk about is how boeing 3m, dupont, all under pressure, but apple saved the day.ook at that. all lot of green, especially in the nasdaq 100. oil up one dollar. again, it was a mix. of how a meastory culpa can really help a ceo. also some positive things to say and the perception is he acted like a ceo. lower again on concerns that the exports are really going to be hurt under trump's regine. -- regime. let's take a look at apple. this happened right before noon. trillion dollar market cap. the first company to do it. we have seen others try. at one was briefly above a trillion and fell back during the financial crisis. three other companies right behind. $800 billion cap. can they get where apple has gone? we will see. ramy: we are talking about media and hamburgers, and insurance, all for different reasons. >> the big story is aig. they reported that their profit is taking a hit. the ceo was on the conference call. on a largern a hit than expected underwriting loss and some of their investments. shake shack investors were nervous. let's go right to cbs. the netwo

we've had the final of the men's synchronised 3m springboard with britain's most decorated diver jackmpressive — as you might expect — topiing the leaderboard after 5 dives but their final dive just wasn't good enough with gold going to russia — who were always their main competion in this event — the current world and european champions. so it's a silver for great britain and a third medalforjack laugher at these championships. in berlin, another athlete in medal contention — britain's katerina johnson—thompson is second in the women's heptathlon, with just one event left to go. but she's in a real battle with the world and olympic champion naffi thiam. johnson—thompson won the long jump earlier today, to pull further ahead. then came the javelin — kjt's weakest event — but she threw a personal best, in her bid to hold off thiam. however, the belgian came up with a championship record throw to win the event and put her into the overall lead. well, jessica ennis—hill's former coach tony minichiello says it might be too much of an ask for kjt to win from here. before this competition s

of course other industrial names tip clemove, not as much but 3m and united technologies.ou get this roller coaster effect that brings the dow forward. anything lagging yeah, today we're getting some of the more defensive names that get a good run by themselves phizer hit new highs last week and we saw lily hilting new highs on an earnings report a few weeks ago. they had been market leaders just not today it's really about all the cyclicales >> the nasdaq breaking above the 8,000 level for the first time ever today as well and seema mody on the market site with more >> it's all about trade, signs of trade tensions easing that's providing a nice lift to the broader market it's those faang names, chips, bio tech, all participating in today's rally. it's important to note the nasdaq has been the leader throughout the year. closing at 7,000 in early january. so it's taken about six months to get to 8,000, and does look like we'll be closing above that level today. chinese tech names, baidu, jd.com helped, and those stocks getting a lift by around 2% to 4% social media also co

iyg, and iyj, those are the laggards there are some dogs in there the 3m, cat, ge, those names shouldee a bounce as we normalize. at some point in time this f.a.n.g. stock will become the cash machine of the market you will see more follow through. >> so the killer advice, as you might say for viewers out there, is to rebalance a bit, technology, iyg, iyj are good long buys now. >> yes a lot of people have been shunning industrials and financials if we see interest rates, we'll see how the fed gets emboldened by the inflation data today and tomorrow if they make that december rate hike, we will see profit centers and banks go up. >> all right jeff, thank you very much. >>> new york city just dealt a big blow to uber and lyft. arjun kharpal has the details. you guys in london have had your own fights with the ride hailing services this move by the city council not taking anybody by surprise you have any thoughts? and what do you think will happen in new york city? >> i remember talking to you about london, i said it would be interesting to see if other cities follow suit i think that's

. >> i really should have a deal with with 3m. >> he worked with jennifer aniston in office space.hings. this has people wondering if it can be the next "this is us." >> friendship is being able to have the hard conversations and beinging willing to listen. >> people are comparing the series to "this is us." >> i like being compared to successful series. i have a 5 and a 2 year old so i don't get to watch a lot of television. but i think reulit's a similar . >> after jack's death we questioned why. ron's character commits suicide. >> do you have any idea why he did this? >> he made a call right after that to you. ♪ can come on home >> most use emotional music and flashbacks. a million little things deals with tough topics, cancer, depression and like "this is us" one thing holds it all together, the bond of lover. >> the show's about friendship, how much we rely and depend on each other but secrets. it's a million little thing. >> i truly believe everything happens in a reason. the challenge in life is too find that reason. >> i'm going to say twins for those two very close togethe

so boeing, caterpillar, 3m, three stocks that were down. the dow and the s&p 500 logged their best august since 2014. in four years, the that's damage much better clinching its best august since the year 2000. so 18 years. if you look at what the indices performed for the month, 2.2%, 3%, 5.7%. facebook, apple, netflix have all had a stand-out performance. we had a read on consumer confidence at a multiyear high. commerce department also releasing the revised second quarter gdp number. value of all goods and services producing up to 4.2% annual rate. higher than the original 4.1% number. anything over 4 economists say is fantastic. solid consumer spending. increased business investment all the parts of that figure. nearly the strongest in four years, i should point out. a lot of superlatives. >> neil: deidra, thanks very much. alarming developments today. we have madison here with us, the political strategist, robin, the democratic strategist. robin, it comes at a time when the markets were thinking trade deals were sort of going to be like

in the last hour it was the men's synchronised 3m springboard with britain's most decorated diver jackc and commonwealth champions. they'd been looking good, topping the leaderboard after 5 dives, but their final dive just wasn't strong enough, which meant the gold went to russia — who were always going to be their main competition in this event. so it's a silver for great britain and a third medalforjack laugher at these championships — 2 golds and a silver. if you want to follow the fortunes of britian's alistair brownlee in the triathlon, its live on bbc two. he is out in front, in the mix, with ten kilometres to run. they have run about four kilometres, so the first of three laps, and you can follow the climax on bbc two. meanwhile over in berlin, another british athlete in medal contention — katerina johnson—thompson — is currently second in the women's heptathlon, with just one event left to go. but she's in a real battle with the world and olympic champion naffi thiam. johnson—thompson won the long jump earlier today, to pull further ahead. then came the javelin — which is kjt's

when you have boeing, 3m, can can can -- caterpillar, that goes right in line. 50/50 for loser of the on our good earnings seasons liz. back to you. liz: really is. don't count out american business, no matter what. nasdaq minutes away from snapping an eight-day long winning streak. our next guest says there so much value to be found in hidden tech stocks right before our eyes, we'll find overlooked one, chris bertelsen. give us overlooked names. >> these are not crowded trades. first one is verizon. it is really a backdoor tech. yielding 4 1/2% times earnings. what is technology about it unlike at&t these guys stuck to their knitting rolling out 5g. 5g makes the phone twice as pow if you pow -- powerful for movies. people are gathering interest and it is undiscovered. liz: undiscovered. you have at&t also in 5g. possibly the t-mobile sprint merger but you say verizon is the pick here? >> absolutely. they have stuck to their knitting as i said. the sell you roar business is what they are concentrating on, particularly rollout of 5g, as far as the rollout is concerned. grade for verizo

we'll look at disney earnings tomorrow. 3m and boeing came under pressure. some industrials moved to the downside. we have big news on pepsi ceo, indra nooyi would step down on october 3rd, leaving chairman role in 2019. a 22-year-old pepsi veteran takes over. we have breaking news in the last half hour. this is the department of justice saying that judge leon, this is all about at&t, look at this drop-off that happened near the end of the day. basically on ignored economics, common sense and in allowing the at&t-time warner deal to happen. and so that was something that people thought might happen, that we would mare more from the doj and there it is. back to you. melissa: nicole, thank you. phil, oil prices closing higher ahead of the reinstatement of the iran sanctions that begins tonight. what else can you tell us? >> president trump was serious about that. oil traders are starting to realize that. there is a real concern that if iranian oil starts to come off the market it will be difficult to replace. that is going to be very bullish. it became even mo

boeing, caterpillar, 3m, from charlie brady, that is our senior editor. they account for almost half the dow's rally today. can we get to tesla? what exciting afternoon at least if you're watching the stock. not sure if you're short you're pretty excited. at 2:00 p.m., elon musk himself tweets out considering taking tesla private at $420. funding secured. that brought the whole trading floor in a tizzy. is this a bluff? is this a hack? is it legal the way he is putting it out? the stock was halted until 3:45 p.m. and opened, moved up 11%. the shorts got squeezed by about a billion dollars. the question is, does he have the funding and putting the carriage before the host? there were reports that bankers close to tesla don't have information about the buyout. he is getting investors. wants them to stay on. this is the excitement of tesla. i'm sure we'll cover this plenty tomorrow. melissa: no doubt, nicole. thank you for more on this. today's market panel, gary kaltbaum, from kaltbaum capital management. lenore hawkins from themematica high, low? >> this i

so long >> you can buy, the steady eddy definition that i'm giving you, you can buy companies like 3m or cisco. the computer company or oracle or actually you could buy hershey's and good-quality companies that have three things to them. steadily growing, earnings also have to be very consistent and very low debt and a lot of cash on their balance sheet you buy those type of companies in a type of environment where there is a deceleration of growth and those companies will come out fine. >> did you feel more at ease after the jackson hole commentary on friday did you feel like -- i don't mean this insultingly, not a lot came out of that but i mean it in a good way that it didn't rattle any cages. >> their message is quite consistent no surprise there. continue to move higher and it's going to be conditional. if you start to see financial conditions tighten, they're going to pair back their balance sheet and stop doing that and they will perhaps not raise interest rates our expectation, they go one or two more times this year and they go one or two more times next year and they're goin

caterpillar and 3m. exxon also to the downside. microsoft, actually developing breaking news, being investigated over potential bribery and corruption related to software sales in hungary. we will watch microsoft in friday morning's trade. it's earnings season. we had a great earnings season. here are some of the movers from today. tomorrow, the gap will be a mover. it was old navy that helped it along. the big picture is it's immediately trading to the down side. back to you. john: secretary of state mike pompeo heading back to north korea next week for his fourth visit this year. is that a good sign? that's coming up. >>> first, to the historic bull market run. how long can it last? we will debate, next. john: we're now officially in the longest bull market run in history, but a lot of investors are asking how long will it last. joining me is gary b. smith and jonas, known as the bulls and bears gang. we have you in studio. >> good to be with you. john: it's like a loch ness sighting. >> for us to be together is a big deal. john:

the president to say you know what we have to start worrying about boeing sales or caterpillar or 3m's no, that's not his agenda. i joked this morn when we came up with fang now nabi we need a navarro basket, an etf with a group of stocks that goes up or down on the truces and tur moyles and slings and air trophy's trade war. you see the chinese oriented industrials rally off of steve mnuchin's constructive rhetoric, you buy a navarro basket made up of cummings, honeywell, united technologies and a bunch of others before the boom gets lowered on the chinese, you sell, sell, sell -- >> sell, sell, sell! >> or maybe even short your navarro basket, and then -- now today aerst other story line apple is kind of a zero sum game when apple does well, it's so powerful that unless you make components for their hardware or you've got an app in their app store, their stock may not benefit nearly as much as you expect even suppliers can have a tough time because apple has the bargaining power to purt if not crush the gross margins. in the trade war apple is a bit like switzerland it's a dominant c

apple, caterpillar, boeing, 3m all higher on that news and conversation about trade talks. apple also hitting an all-time high on pace for its fourth straight record close. this stock just can't go down it seems. aptell on pace for the 23rd record close of the year. imagine that nordstrom doing well on a report that its online sales blew through the roof, beating expectations. shares hit over a 1 1/2-year high on that report today. markets this week as you mentioned before, we have the dow and s&p 500 up. the nasdaq on pace here for the first down week in three. a bit of a mixed bag when you look at indexes overall. i have to tell you, for august, this is pretty good stuff. melissa. melissa: great point, gerri, thank you. david: how to make business better in america. president trump is asking the sec to look into how often companies report results to investors. take a listen. >> the head of pepsi-cola, a great woman who is now retiring, she said, because i asked, what could we do make it even better, she said two time a year reporting not quarterly. i thought and it made s

intel up 1.3% but laggards on the dow, weighed down by caterpillar and 3m down 2.4%. how can we not talk about apple, approaching the one trillion market capitalization. they had a great day and the report yesterday, 41.3 million iphones with the average sale price going up. that's the thing investors like to see. apple's market capitalization now about 991, $990 billion. one final thing, we touched 3% on the ten-year treasury yield, we pulled back before the close of trading, but we hit it and there you can see up, the yield was up to 2.99. back to you. melissa: thank you. david: big news from the white house during this hour. the trump administration expected to announce a new round of tariffs on $200 billion worth of chinese imports. fox business' edward lawrence. i know there is an embargo on this stuff, they wanted to wait until the markets were closed. what can you tell us? >> reporter: i can tell you the "wall street journal" is reporting $200 billion of goods will be tariffed at 25%. this is $25 billion worth of goods going to be tariffed at 10%. it is now tar

boeing, caterpillar, 3m. these are the industrials. these are most involved in the trade wars, you can see caterpillar for example, down 2%. also, let's take a look at tesla, as our own charlie gasparino, breaking here on fox business, we told you yesterday that morgan stanley stepped out and stopped their coverage of tesla. well this is why. elon musk has retained morgan stanley as his advisor for the tesla privatization attempt that we all heard about back on august 7th when he said he was taking the company private and funding was secured. so that is who he is is now hired as his advisor. tesla down a buck 54. we'll look at l brands. this is parent of victoria secrt and bed bath bodyworks. analysts hitting it hard, structure is not quite set. bed bath off and big laggard on the s&p 500. ad -- advanced micro got a late-day pop. connell: thank you, nicole petallides. melissa. melissa: china is responding with new tariffs of their own as president trump is attacking attorney general jeff session is jet again. hillary vaughn live at the

united health, 3m, boeing, caterpillar, visa and american express, all-time highs. consumer stocks did very well. that group in general, nice run, best in about two months. we saw names like t.j.x. up 7.5%, lowe's 9%. while the longest bull run in history continues, we look at netflix which is up over 100% in the last 52 weeks. sun trust, robinson upgraded the stock to a buy and that gave it a boost. it had it strongest week since january. you saw the up arrow today. that helped things along as well. people feeling pretty optimistic still. back to you. john: president trump continuing the war of words with attorney general jeff sessions, pleading with him to start investigating democrats like james comey, robert mueller and more. that's coming up. >>> while the amazon effect is hurting retail stores, some like walmart and target are thriving. our market gurus weigh in next. ♪ as moms, we send our kids out into the world, full of hope. and we don't want something like meningitis b getting in their way. meningococcal group b disease, or meningitis b, is real. bexsero

are able toke 3m pass through versus something like walmart or dollar tree.ou -- do you does english that? -- is how do you distinguish that? >> those companies that are globalized have very little pricing power. trade suggesting where monopoly power and the u.s., more pricing to thingst speaks moving higher. david: we will find that out and about an hour in some numbers. seehose move up, will we that for pricing power? [indiscernible] there is a lot of time spent in 2 meeting asking, is 1.9% percent? if you go to the other side of 2%, the risks start to rise. it would be the first time in a decade, so finally sink inflation overshoot, and that would change the narrative in the long-range. alix: what is the trickle through to emerging markets? to me, argentina is the best case study. they are getting pressured by the u.s. dollar. they had their own rates and then had to ask for money. >> some say emerging markets are the innocent bystander. investors were forced to take risks in emerging markets and all caps of asset classes, and now the fed is saying we want

alix: we have heard from companies, like 3m, that seem to versusre pricing power, a walmart or a targetts to consumers. how are we watching the situation? michelle: we are watching the care situation, and we see companies getting more cautious. if we see tariffs put in on a more broad scale, if you saw tariffs on consumer products, the way it will show itself is more on the inflation side than on the growth side -- at least initially. and those that are not subject to tariffs or seeing their costs go up may think it manage of the fact that in general, tariffs are making it easier, giving an excuse if you will, making it easier to raise prices as well. that would be the biggest concern. i am extremely watchable for the higher inflation risk associated with tariffs. i am pretty optimistic. maybe i am being too pollyannaish, but i do think it is about negotiation. i think it is narrowed down to china. it was that we will make an agreement with mexico and canada, moving away from auto. i think the developments are often, a narrowing of focus. i not think it will lead us to the more dire sce

only 0.3% but when you look how flat we've been all day it looks noticeable goldman sachs, chevron and 3m are the weakest. >> the nasdaq is now flat. if that toned for the next ten minutes it would be a slightly more worrying sell-off for now it's just the laggard. >>> reducing assets to its lowest since november 2014 this morning on worldwide exchange the ceo spoke out >> he's made some bad bets he believes still in his basic presumption that inflation is not going to get out of control and you're going have to some convergence of bond rates between europe and the u.s. and so he hasn't lost faith in his fundamental view but he's been wrong and wrong badly in the short-term. and he's accountable and we're accountable for that >> cnbc reached out to bill gross for comment. we haven't heard back. that full interview is online at cnbc.com it's pretty tough words in the asset management world for a guy to say that about one of his managers >> he's been wrong and wrong badhy. it is a significant fall from grace. not just on the performance side but at pimco he was mr. pimco, and it's not just

shares in luxury handbag maker mulberry have plunged 30% after it said it was setting aside £3m to cover on its own two feet, after three financial rescue packages totalling over $300 billion. countrywide, the uk's largest estate agency group, has cancelled plans for a new bonus package for its bosses following an outcry from investors. the package could have paid out a total of £20 million to three executives, depending on the firm's share price performance over the next three years. talk to me about world trade. yes, well, we've had some troubles with world trade at the moment with china and the us going tit—for—tat on tariffs. at the moment a delegation from china is heading over to washington to try and ease the tensions. the reason why it is quite important at the moment is that $16 billion in terrorists on both chinese goods going into the us and vice versa are to chinese goods going into the us and vice versa are to come chinese goods going into the us and vice versa are to come into effect, clearly that will create barriers. we are going to talk to somebody in the know about this

get to that in a second joining us today mike santoli and also is evan newmark leading the dow was 3m century link was the week's leader and remember we have a lot ofects poseur to the tariffs. so much for the quiet. we got a crisis scare to help push the averages lower. >> i wouldn't necessarily say the start of something big kind of this flutter of global financial stress struck a market that really lost a bit of energy the s&p was up 6% in six weeks really it slowed down, was making very labored progress, was looking a bit defensive and it was an excuse to have a bit of a pull back nothing too serious. it doesn't change the trend. >> mike, u.s. banks down because they're got fundamentally worrying exposure to turkey or it's a risk off yield, et cetera >> i think it's mostyly a risk off. we were talking about what might be the worst-case scenario the yields come down, and it just doesn't seem like it's anything that appears to be the start of a chain reaction of, you know, leverage trades, hedge funds, i mean that's the kind of thing you would expect to see really interrupt the posi

ahead and jump over 26000, all the trade sensitive issues, including caterpillar, boeing, by extension 3ml, they're all jumping on the belief that this removes uncertainty. we sought to get through the hurdles of canada and china and were not to get that far or get that bad. >> they know the u.s. is in the driver's seat. the 21 trillion-dollar economy is not going to lose a trade war. we are finally flexing our economic muscle and we are winning for these other countries have come to the table. we are 20 times larger than mexico and ten times larger than canada. were not going to lose this, markets are starting to realize that and i think president trump has done a great job negotiating this. mexico exports about $68 billion surplus to us. that 7% of their economy. they had to come to the table. canada is not going to let the still go without them. they will come to the table. they won't sit back and say we have to protect their dairy farmers so we won't deal with the united states for they will come to the table too. when that happens the markets will go higher. >> what little we do know

because of apple, intel, jp morgan apple is goating closer to the trillion dollar market cap caterpillar, 3m the laggards cat is off nearly 3% cisco off by nearly 2. we are waiting to hear about tariffs by 3:30 today. that may be hurting some of the stocks the creetf on base for its best day. that sector is higher. sue herera has a news update. >> here's what is happening at this hour, everyone. we begin with a warning about some of the images we are going to show you. this is pretty dramatic video that was shot boy a passenger of the aero-mexico plane as it crashed last night all passengers and crew members survived that crash. rescuers took 49 people to hospitals, mostly with minor injuries. >>> three people associated with the hacking group fin seven have been arrested in europe and are in custody one is in the u.s. while authorities are seeking the extradition of the other two. they were arrested in connection with stealing customer payment card data from more than 120 companies. >>> chipotle has been hit with a lawsuit over its seventh food contamination outbreak in two years. the lates

those stocks are now off their lows 3m leegt looegd the charge there, and thanks to the surge that we're seeing in oil right now. wti right around $67 energy producers are enjoying gains. energy, the best performing sector right now if you look overseas, it's a very different story. yes urk the lira rebounding today by around 6%, but traders say the turkish central bank needs to find a way to refinance its short-term debt. that expires next year according to the imf turkey's short-term debt just around $180 billion. turkey's foreign reserves at $80 billion. michelle, not a big cushion there. back to you. >> no. real shortfall, in fact. thanks >>> turkey's currency rebounding a bit today, but the president making headlines once again calling for a boycott of american electronics v willem marx is live >> he talked about the need to buy samsung above iphone or better yet, to go for a local cell phone brand here in turkey. ma in terms of the long-term impact, that's still very unevery unclear. we heard from sima, the lack of foreign policy reserves to pay off the short-term debt. we heard fr

. >> facebook has alleged ira tiffany reached 26 million people that does not include 3m or twitter.what can you say about the extent the ira activity reaches real americans? >> it was significant and also concentrated in swing states. >> i'm sorry. what? i have not looked in the last few months. no. >> can you estimate the number of americans touched by russian linked activity in this area? >> no. that is very difficult to do. >> can anybody? >> i want to add a small data point we spend a lot of time talking about facebook and twitter but this is a problem of the entire interest of across the system. tumbler and reddit that was used to target the african-american community in particular that is why it is so difficult to quantify the reach of these activities because this is across thehe entire ecosystem not to mention how it is picked up and amplified to media outlets. >> when information becomes a weapon does anybody see any need to change the environment to prevent this from happening? >> i believe many of us were advocating isis to get into a weapon unfortunately the dialogue bet

why he sue caterpillar suffering this morning. 3m suffering this morning. the big industrial names depend on growth will suffer the most. semiconductors are suffering. they're exposed to chinese revenue after having a nice run yesterday. neil: when you look at this, james, i understand quite readily that turkey is very, very different. i know you have written about citigroup and others that were exposed to crises in the past. i'm not even saying it is in that category or league, i am aware banks with exposure, even goldman sachs is watching out for those exposed entities which are exposed. which is a weird way of saying everyone is potentially exposed what do you think? >> i'm not sure that you're far off comparing this to argentina 2001. what has some investors worried they don't see good policy anytime soon in turkey and i don't think they have intractable, unmanageable problems but just a lot of bad decisions have gotten them to this point but as far as contagion, that was the big word 10 years ago during the financial crisis, i wouldn't worry too much a

. >>> we continue to follow the market. 3m, caterpillar, boeing, they account for 2/3 of the dow's suddenrade related issues. we suspect there is some news on trade which is adverse. that is why the market has gone down so suddenly, so quickly. coming up next, jack ablin. he says investors don't care about scandals. but they will care if the democrats control the house. he will spell out his case after this. ♪ you wouldn't accept an incomplete job from any one else. why accept it from an allergy pill? flonase relieves sneezing, itchy, watery eyes and a runny nose, plus nasal congestion, which most pills don't. it's more complete allergy relief. flonase. pah! thano, no, no, nah.k. a bulb of light?!? aha ha ha! a flying machine? impossible! a personal' computer?! ha! smart neighborhoods running on a microgrid. a stadium powered with solar. a hospital that doesn't lose power. amazing. i like it. never gonna happen. stuart: happening now. at the white house in this hour. president trump holding a meeting on a bill that would toughen up rules on foreign investments in american companies. any h

later — first up it's jack laugher hoping to win his third gold of these championships, in the synchro 3m sport to look forward to. —— what an exciting day of sport. now, would you stay off your phone if it meant winning free stuff? a new app is to offer rewards to families for talking to each other around the dinner table rather than checking their screens. the tech is currently used help students study — and it comes as facebook and instagram release a new tool to limit how much time people spend on their apps. catrin nye has been looking at the rise of anti—tech tech. can i ask you both how much you check your phone? uh... recently? every day. every hour. quite often. quite a lot. probably too much! at work, probably every hour. quite bad, actually. a fair few hours a day. at home, at least every 20 minutes. every couple of hours? i'm always on it. and now i've got a phone call! that is a lot of screen time. a new report by the telecoms regulator 0fcom says, on average, people check their smartphone once every 12 minutes while they're awake. there are now loads of apps offering to get

among the medal hopes for great britain today are jack laugher and chris mears, in the men s synchro 3md their commonwealth title in april so they're in good shape, and laugher has already won two gold medals at these championships. the final starts at 1.30pm, and you can follow it across the bbc. there was a late burst of activity on transfer deadline day but nothing came close to the excitement of santi cazorla's presentation at villareal. take a look. the ex—arsenal player's return to the spanish club was marked by an extravagant magic trick on the pitch, as shown on their tv channel. cazorla came through the youth ranks at villareal and said he felt he was home — although presumably we can expect a rather more conventional entrance on match days. manchester united manager jose mourinho wasn't happy that they didn't manage any more signings in the transfer window, but it's closed, now it's time for action and united welcome leicester city to old trafford tonight in the first premier league game of the season. and after conceding that he'll have to work with the squad he's got, mourin

he came from a set down to beat this man, just after 3m. he took the deciding settle.tartle after midnight because of rain. sarah has one gold ten months after giving birth to her second child. she won the c five time trial at the paris cycling world championships. that was in italy. and he was an impressive form as he began his quest for gold. he broke the championship record in the breaststroke heat. this is his first international competition since the commonwealth games in april. but he was beaten for the first time in four years. he said that was a wake—up call and he was now obsessed with winning again. very controlled. we had a plan. how do we get back to these fast heat swims? how do we control the emotions the last six, seven days? for the olympics is going to be eight or nine days. for me, i went up this morning, just the crowd, enjoyed it. that‘s something i have been missing the last couple of months. this is the real me. tomorrow again. who knows your the ireland coach described his side as an incredible group of people after they reach the semifinals of t

it's the usual trade-sensitive stocks, boeing, cat, 3m, united tech. all of them down. component dow dupont, well, they gave a rosy forecast, but that tonight help them. they're down 1% on that stock. we'll try to figure out why. >>> trade is the backdrop for the big decline of the opening bell for stocks today. president trump has told his top trade guy to consider 25% tariffs on chinese goods. come on in fox contributor charles hurt who is also with the washington times. charles -- >> good morning. stuart: good morning to you, lad. i say that president trump wins this one. he's dealing from a strong hand, strong economy, china's looking a little weak. i say he win, what say you? >> and i think it's important to remember that, of course, this president, president trump, was the first person from either party to realize that china was a problem in the first place. both parties have ignored this for far too long, and and obviously he does have -- it's a balancing act for him. he's got a lot of supporters in the midwest who are farmers, soybean farmers, things like that,

we have three stocks that are dragging on the dow to the tune of 65 points, there they, 3m, caterpillaring the dow down 65 points, overall 28 but the three stocks are doing the damage. profit falls at sprint but it did add subscribers, that's good for a 2-cent gain. lowest sales the beer brewer people, beer people i should say, poor performance in america and canada nonetheless the stock is up 3%. a new report raising questions about maxine watters and how the campaign raises the money and what she does with the money when she's got it. right now we will check out -- favorite place, honolulu, hawaii at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take care of this baby yeah, that procedure seems right. & that one too. at&t provides edge to edge intelligence. it can do so much for your business, the list

the trade and tariff worries and maybe earnings that weren't even better than the beats we've seen 3mpillar down 12% and 13% year to date >> yes you had a multiple contraction really at the end of january and i think you had a couple of things happen there. input prices started going up. energy prices starting going up as well. then it was the whole talk of tariffs. and that's really had a lot of people take money out of the industrials, a rotation that came out of the fear that you're not going to be able to pass the pricing on and all your input possibly is going to be increased. by the way, the largest markets might not be accessed. so there is some potential there. they've come back a little bit in the last couple of months but there's another place that money can rotate into pretty quickly. i think the overhang is still there based on what's going on in china and potentially higher input costs. >> you said not 100%, but asset allocation, i don't want any asset allocation do i need to have bonds? what do you do to lessen the exposure of -- >> well, i think you should have bonds. i