. >>> the monthly adp report is out at 8:15 a.m.astern followed by weekly jobless claims and the trade deficit numbers at 8:30. 10:00 a.m., ism services index fed governor jerome powell is speaking about housing finance reform and stanley fischer will be talking about labor productivity later this evening, which is one of the topics du jour they should be talking about that at g20. every economy is struggling to boost productivity >> it's a globalthing. has bearing on monetary policy >> probably won't move the markets much we'll get this load of data including adp which could be a signal for jobs tomorrow >> coming up, consumer goods ki warming a cyberattack has hurt sales. >> a look at global markets. stay tedun, you're watching cnbc i love you, couch. you give us comfort. and we give you bare feet... ...backsweat and gordo's everything. i love you, but sometimes you stink. ♪ new febreze fabric refresher with odorclear technology... ...cleans away odors like never before. because the things you love the most can stink. and plug in

it seems safe. >> adp is an interesting company because paychecks, adp, you buy them for the cash. that's where they make money on the flow i guess this is a bet that you think interest rates are going up pretty rich company. they trade at premiums on the market. >> gold is hitng ati six-week high and breaking a three-day losing streak. we'll go to the future pit next for those trades when "the halftime report" comes back. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. you myour joints...thing for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. >>> welcome back to the half time report, i'm jackie det angel angelis. yellow metal's has its

we'll have that adp employment report right when it breaks.e for june adp, 180k ive ctpratseor payrolls stay with us, we'll be right back w vinvesting approach. the power of smart beta. power your client's portfolio with powershares. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. yogig-speed internet.me? you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids. and these guys. him. ah. oh hello- that lady. these houses! yes, yes and yes. and don't forget about them. uh huh. sure. still yes! you can get it too. welcome to the party. introduc

adp report due out in about an hour. new jobs to have been added to the economy last month. in europe this morning, indices lower as well. ftse lower and cac cra rant down 1% and the dax also down two-thirds of 1%. in asia overnight mixed performances. shanghai composite was the winner, up a fraction in china. aaron judge, joining tieing joe demaggio record. all the stories and joining me to talk about it dagen mcdowell, heather and part maslansky + partners president lee carter. [laughter] >> i heard you say you want to see what the handshake is like and that the media will be dissecting the handshake between president trump and putin, yes. [laughter] dagen: they will digest every twitch. look at what they talked about the macron handshake. maria: ray kelly is with us this morning. utah governor mike lubbot is here and andy puzder. we kick it off this hour with president trump, he's expected to speak in warsaw poland any minute now this as he travels to germany to meet with world leaders in germany tomorrow. blake, good

cheryl: yesterday's adp, that actually showed the private sector weaker than expected, 158,000 jobs for june. that has some understanding if today will be a disappointment. >> i guess, cheryl, if there's a silver lining is really there's not a lot of correlation if you look back through history in adp report and job's report. just because the adp report was disappointing doesn't necessarily mean that today's jobs report was disappointing. however, the trend in the last several months with the job's report has been a little light, so i guess given that trend, it wouldn't surprise me if that one is a little bit light too. lauren: which suggests, rob, good to see you, we've had 200,000 jobs created every month, that is behind us, as for unemployment rate, do you expect it to ever soon go below 4%? [laughter] >> well, lauren, it's certainly within the shooting range. let's put it like that that the unemployment can go above 4%. we are certainly starting to reach a point where economists call full employment where we just can't drive the unemployment lower but i don't think we are quite ther

pershing square declined to comment and adp has not responded to our requests. adp is big and trading with a $50 billion market cap and ackman tends to hold concentrated portfolio with both longs and shorts on the long side he's talking about what is undervalued and seeks changes that have the stock price. up over 11% over the last month and analyst say it already trades to a steep position ackman took out new positions without spelling out exactly what they were, and in may he's already sold out one of them and didn't disclose what the other s.adp could be the mystery pick but we just don't know, guys. >> and paychecks up today 4% up. thank you, leslie. >> thanks. >>> time now for a cnbc news update with sue herera hi, sue. >> here's what's happening at this hour. treasury secretary steve mnuchin testifying before the house financial services committee, and there was intense bickering between him and democratic representative maxine waters regarding his tenure at one west bank and foreclosures. >> i take great offense in that anybody who calls me a foreclosure

. >> adp fans want him nate. >> sign was miss leading. it said 25 cepts it was more like 29 -- that's why i -- >> i don't know. >> number 3. >> did home deappoint unveil a new product because it's blue soom sword less hose. >> somebody september this to me and i loongd at sarah simmons. it's so sue pid. >> this is onion headline. >> how many people would buy that. >> water comes out of nor. >> you don't have to coil up the hose and get kinks that would be -- >> if you have a way to send water by a bluetooth if you could find that way elan must get on that. >> i was going to say my pants get wet sometimes when i drunk to much want to see him once he comes down. >> was a family middle of night it und sod like frozen jz of you. >> i would say yes it's one of those things it's straight enough to be sure. you can true gress where it happened. >> i'd like to do it again if i could give you a high five and take the wide shot out. >> just celebrate. >> had through go. >> you earned tat one. >> one more one. last one word making rounds on facebook

on thursday, it's the june adp report and ism services index. friday the john june jobs report >>> and four former barclays and the company facing charges connected to the 2008john june report >>> and four former barclays and the company facing charges connected to the 2008ohn june js report >>> and four former barclays and the company facing charges connected to the 2008hn june jo report >>> and four former barclays and the company facing charges connected to the 2008n june jobs report >>> and four former barclays and the company facing charges connected to the 2008 june jobst >>> and four former barclays and the company facing charges connected to the 2008 emergency fundraisinging from qatar. this is the first time criminal charges have been brought against a bank and its leadership team in connection to action taken during and in the wake of the financial crisis >>> in other headlines, data sharing business dropbox reportedly looking to fire ip chlt on underwriters fp reuters says the offering could come late they are year dropbox was valued

wednesday, adp employment report factory orders thursday. topped off by a july jobs report friday. now on the earnings front, about 120 companies in the s&p 500 report results this week big names, pfizer, apple, aig, tesla. a lot of big names >> everyone will be watching apple reports tomorrow >>> to top corporate story, charter communication says thanks but no thanks to sprint landon dowdy has all of the details. this could be a huge deal if it were hypothetically to happen, right? >> dom, it could be, cable operator says it is not interested in buying wireless carrier sprint, follows news friday that sprint was interested in merging with charter to create a mega media outlet controlled by sprint parent soft bank charter rejecting that deal saying we understand why a deal is attractive for softbank, but charter has no interest in acquiring sprint the ball is now in the court of the sprint chairman. "the wall street journal" reports while charter's announcement could effectively kill the possibility of a deal between the two companies, that

mostly in the service industry according to a new report out from adp and moody's analytics. that gain fell short of expectations. it was down from the 230,000 new jobs it reported for may. and signs of sluggish hiring are sending stocks lower. taking a live look at the big board this afternoon, you can see the dow is down almost 125 points. >>> a new passenger claim against united airlines. this time, a mother says she was forced to give up her toddler's seat even though she paid nearly $1,000 for it. the details coming up. >> from our kpix 5 studios in san francisco, the sky is blue as high pressure strengthens. now the results the heat wave will have on your weekend. the details as the news continues right after this. though she bought him his own ticket. cbs reporter kris van cleave rline is calli >>> new troubles for american airlines. a mother says that she was forced to fly with her toddler on her lap even though she bought him his own ticket. cbs reporter kris van cleave on what the airline calls a mix- up. >> reporter: if you think it's difficult managing a 25-pound

even as adp and jobless claims disappointed tech, which has been the best performing sector of the year remains the epicenter for much of the selling the vix is up, there's so much to discuss i couldn't think of a better day to have you. welcome back. >> nice to see you >> i know people think of you as this energy guru and oil trader, but what is your broad view on where we are there's so much going on today alone to discuss where do you see the markets right now? >> simply at some point when -- if the ecb pulls back, japan pulls back and all these countries pull back from printing money and the fed has made it obvious what they're doing, there's going to come a time where the markets just -- may not go down that much but they're not going to go up what happens when we enter a period of time when the markets stagnate two to three years where the overall performance is flat? what happens then to all the pension funds and municipalities that have all these on ligations that rely on 7%. you can't tell me over the next ten years there's not going to be two to three years where the overall a

the adp private payroll report for june showed an increase of 158,000 new positions. expectations were for 185,000. maybe they trans posed those numbers. just kidding. economists consider the report to be another sign that the economy is getting closer to full employment. the government reltv steel es its monthly employment report tomorrow. >>> services sector expanded at a healthy pace last month. a sign the economy is gaining after a lackluster start to the year. the institute for supply management cited a pick up in business activity and new orders. service providers include everything from accounting to health care. >>> the federal reserve is calling for an overhaul of the housing finance system. joerm pal said the current system is putting taxpayers at risk because the market is backed by government backed agencies with a high concentration of mortgages in fannie mae and freddie mac. treasury secretary has called housing finance reform a top priority. >>> meantime, the cheshl real estate landscape could also reshaped by amazon's plan to acquire whole foods. just

charles: adp job's report, very strong manufacturing data. it's what you want to see.ment's job's number. neil cavuto is going to takateway and set the tone. neil, it's all yours. neil: did i just hear lizzie, stick it to putin, ashley, one of the nicest guys in the universe say geed up? [laughter] neil: i don't know about you guys but i have standards over here. charles: loosey goosy. neil: i will try to carry on here. but, of course, that's what everybody is waiting to here. lizzie put it best here, whether the president is going to stick it to vladimir putin and indicate no matter what role the russians might or might not have played in the election, he is his own man and will make it very clear, if you were monkeying

. >>> payroll processing company adp said u.s. businesses added fewer jobs last month than expected. >>> up next, a close encounter at a park in the south bay. it leaves officials to restrict access to the public. >> it was a mountain lion because i heard him and he was very hungry. >> we're tracking the heat. it's hot again inland tomorrow. the weekend has a little bit of a cool-down then a big heat-up. >>> people who live in contra costa county have a new option when it comes to barking dogs creating a nuisance. a new noise ordinance is aimed at helping people resolve issues caused by their neighbors' pets. the first step is to call contra costa animal services and let them know about the noise complaint. if the problem continues, neighbors can file a further complaint. the county will issue a citation and ask everyone to come in and talk things over. >> this is one of the most frequent calls we get at animal services, complaints of dogs barking through the night, barking through the day, people need to sleep, need to be able to

adp said private businesses add the 158 jobs last month, fewer than expected.owered their expectations for job growth in april and may. they remain at 40-year lows. those job numbers sent stocks to their lowest numbers in six weeks. the dow dropped 158 points, the s&p fell 22 and the nasdaq finished 61 points lower. >>> the tv shopping network qvc is buying rival home shopping network in a deal worth over $2 billion. qvc also owns 38% of hsn stock. both companies have seen their sales drop as more shoppers buy items on line. the company say the merger would result in the third largest e-commerce site behind only amazon and walmart. >>> new jersey's based campbell soup is buying in a million-dollar deal. it's campbell's effort to diversify. it will continue to operate out of oregon where it was founded. >>> and france wants to ban the sale of cars powered by gas or diesel by 2040. the goal was announced yesterday as part of france's effort to fulfill its commitment to the paris climate accord. low-income families could receive aid to buy cleaner cars. the propos

yvonne: especially that weaker adp report.ow that will be reflected in numbers tomorrow. -- a happy day and friday not a happy friday in asia, either. let's see how things are playing out in new zealand. we're down about one third of 1% on the nzx 50. the kiwi, .7275. we do see these underperforming the complex. the aussie, also lower overnight, weighed by the 2% drop in iron ore. we see a drop in the wti prices. $45.35 a barrel right now. japan, futures in the red. lookingown 20 points, to see and 80% drop at the open after we saw that fallout of 0.4% on the nikkei 225. dollar-yen, $113.12. looks like this can be continuing negative sentiment, this drought in bonds and stocks. week out offtened france. betty: that triggered it. markets were looking for some reason to start a selloff. that triggered over here, or 'dther soon amin -- tsunami over here. as we mentioned, long-term treasuries selling off. breaking out in germany and france. ramy inocencio has more on the fallout. >> you talk about the 50 day moving average, key fo

i know adp was disappointing it isn't disappointing to see the move higher.f course i'm speaking with respect to rates rates using much higher on stronger data. it's not just having effects on yield curves the curve steepenings at long end rallies. it's been simple in that regard and all the following charts are going to be 6-1. and monday 26th for 6 days how markets move there's tens minus 2s. here's ten year yield. italy, 223, france, 90 and any of you that think that it's only limited to the euro zone, sorry. canada, marching on, japan, there's more thumbs on the scale. you can't even find a new place to put one but yet it is gone from 4 to 10 basis points. warning that's why we don't use percentages. heck of a move let's see how it deals with this squeeze it here. it's going to pop out somewhere else and finally the dollar index. you talk about counter intuitive. on foreign exchange look at the wonderful swan dive. since it's all rates and since any of these comparisons were always with another currency here in the dollar index primarily the euro is the l

i want to recap at breaking news, bill ackman holding a processes.siness adp has grown and market caponths, up 18%. bill ackman building his stake in automatic data processing. a new york times bestseller, asking about steve bannon, he is coming up. this is bloomberg. >> it is 1:00 and washington, 6:00 in london, and 1:00 in hong kong. i'm david gura. here are the trump stores we are watching. voter roman drama begins in washington as senders prepare for what is being called a skinny repeal of the affordable care act. steve bannon promises a higher tax on americans who make more than $5 million a year. have his pitches being received in the white house and on capitol hill. and joshua green, the author of "devil's bargain" on tensions between individuals in the white house as well as between trump and jeff sessions. republicans promised to demolish obamacare but are heading to more of a bare-bones change to eliminate just a few pieces of the law but there is no certainty that the skinny repeal will get enough votes. here now with the latest is margaret talev at the white house. josh gr

health care that services about 50 million americans in the pittsburgh area along with companies like adpt to our company base is they have a way to encrypt traffic and data. if you look over the last five years, over 9 billion records lost or stolen. only 4% of those were encrypted. why is that the case? historically, it has been too expensive. i don't mean expensive just in terms of money. expensive in terms of time to encrypt all of that data. systemthe things the new does is make the encryption everywhere pervasively possible. caroline: how expensive is it if i want to upgrade to the new mainframe? >> for new customers, this new mainframe costs about $500,000. when we consider the average cost of a data breach is about $3.6 million, this is a good bargain considering the threat out there. those numbers go up or down depending on the number of transactions and the configuration a particular client might have. you have been working on this understanding what they want and need, how big of a mass adoption do you need for this to make inroads? >> because we have worked with clients along

adp is the human resources technology firm. let's go to chicago on the democrat line.aller: good morning c-span. i think this tweet was totally out of bounds. we have to ask ourselves, what do we want from the president? do we want somebody who will get on tv and spar with the media? i mean, he is basically denying .ccess the media is therefore a reason. this is a phenomenon, the fake news. it is a big distraction. we have bigger issues. why are they not addressing the bigger issues? why is he resorting to fighting and denigrating women? he went so far when he was have aning to distraction where he had a fight ith -- host: let's go to been in arizona on the independent line. good morning. caller: thank you for giving everybody the opportunity. let's take trump's word for it that this was just for fun. the funds turn out to then no harm is done. that theuld suggest attorney general brings them up on first-degree murder charges. that is the reality. talk there's a lot of leading up to the fourth of july. looking at the republican governors across the state and how they r

138,000 in may economists expect the unemployment rate to hold steady at 3.4% this as job numbers from adp missed expectations yesterday. and federal reserve vice chair stanley fish ser callicher is cn the government to do more to invest in research, infrastructure, education and public health among other areas. he added the current policy environment was making busine businesses reluctant to invest >>> the recovery has finally arrived. that's according to ecb board member, benoit coeure. in an interview he warned that it would be unwise forthe ecb to let its guard down. he said the central bank will continue to adjust its policy as needed that last sentence is very important. he talked about removing stimulus flexibly and gradually. let's look at bond yields across the world this morning the ten yoo-year bund yield at 6 basis points a lot of people call it the bund tantrum. how long does this bond rout continue is this indefinite >> it really shows how nervous markets are about policy normalization and potential tapering from the ecb over the first half of next year and the reduction in t

check out the names, verizon, u.p.s., adp, mastercard, twit to name a few lr then the after-the-bell biggies, and this is a biggie, amazon, starbucks and intel. here to take us inside the number on this latest session is bob at the new york stock exchange bob? >> important thing right now s&p was up until 20 minutes ago. i just want to show you the faang names here a little droop apple is tooling along doing great, that propped a little bit there. same thing with google take a look here you can see in the the last 15 or 20 minutes. what i see here is absence of bids, very, very light volume, drip drop a little bit below the prior lows of the day and suddenly you're down a bit that's what i think is going on. i don't think it's doing more than that. let me go back to the big earnings situation procter & gamble, better organic sales, improvement in their 2017 outlook, that's up nicely, verizon, telecom's another big leader verizon had good numbers, positive report, big beat on the wireless net ads at&t has been strong as well the raytheon and all of the defense stocks have been on fire

especially after, wasn't it a great adp -- i don't listen to adp -- >> you don't >> last month it wasposed to be a great report and it wasn't. >> you take the long-term, joe >> your standard deviations are so great from the adp. sometimes you have a couple of months where you're close. >> i had a good six months and a bad three months >> part of your model, right >> plus or minus 50,000 over time >> and where are you today, did you tell us already? >> i did not tell you. you want me to do that now i'm over 200 >> are you really? >> i am. >> why >> because the inputs that i have, the ism manufacturing, the ism employment services reports were really strong and that pushed up the middle >> how high does the number have to be for the media to not report it at all because trump's over in europe >> i don't think the mainstream media -- >> that will be banned from cnn for sure >> i don't think they would do that i think they'd report it whether or not it was plus or minus. >> okay. registration i love adding to this whole thing. >> i know. and where do you count us, though >> i work here so

layoffs falling in june to their lowest level of the year, but a separate report from payroll firm adp showed the private sector addedded 158,000 jobs last month. that's fewer than expected. all this coming ahead of june's employment report out early on friday morning. meantime mortgage rates are on the move in the wrong direction the average for a 30-year fixed rate rising this week to its highest level now under 4 percent, but that's still historically l. summer of spending, insurance company alliance saying american s will shell out 101 billion-dollar on summer vacations this year. that's the most ever on record. that's business. i'm david asman. ♪ introducing the new sleep number 360™ smart bed. smart enough to change sleep as we know it. it senses your every move and automatically adjusts on both sides to keep you comfortable. and snoring... does your bed do that? right now save on sleep number 360 smart beds™. plus, it's the lowest prices of the season with savings of $500 on our most popular p5 bed. ends sunday. federal health officials say the number of people being prescribed

adp, automatic data processing. according to people familiar with the matter, pershing square capital management's bill ackman said to be building a stake in the company. come when this story crossed. david: thank you, julie. more with joshua green. we will talk about the dysfunction in washington. is it dysfunction or dynamism? this is bloomberg. ♪ david: welcome to "bloomberg markets: the trump economy." let's get a check on the first word news with mark crumpton. >> saying this is the moment, now is the time, vice president pence says members of the senate should "step up to the right thing and repeal and replace obamacare." the remarks came at a washington meeting of the national federation of independent is the. said thispresident morning, senate republicans, after seven years, this is their chance to shine. they cannot let the american people down. an opportunity and obligation to rescue the american people from the concert ounces of this failed policy. mark: senate republicans are said to be attempting behind

. >>> get to payroll processor adp reporting 158,000 private sector jobs were added in june. it's below the 185,000 expected. 216,000 new jobs added. that's up versus 188,000 pace last year. we're on the lookout for tomorrow's government jobs data where economists are expecting a healthy continued job growth. president trump lambasting cnn in poland for hunting down the guy who made the gif of the president wrestling cnn. we'll play you what the president said today. first an nbc reporter was told by polish officials, you're only allowed two questions, but u.s. media overreacting yet again. we'll play the full exchange after this. >> thank you very much. >> having anger. >> thank you very much, we must go. >> very briefly follow up, mr. president. >> thank you very much. ♪ [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event. . >> will you once and for all, yes or no, definitively say russia interfered in the 20

adp employment data pointing towards the friday payroll data for the united states. 15 minutes after that, a national jobless claims for may. the fed governor jerome paul will speak about post housing finance reform. said vice chair stanley fischer speaks on government policy and labor productivity in massachusetts at 7:30 p.m. eastern. alix: it is good to see you. split on the timing of the balance sheet unwinding on inflation but agreeing over concerns of asset bubbles. some suggest increasing risk tolerance might be contributing to elevating asset prices broadly. the market volatility coupled with a low equity premium could lead to a buildup of risk to financial stability. noining us is the morgan -- i want to start with you. are we assuming the fed could than economic data warrants because of the financial conditions and instability? saw moreinitely concern about the inflation outlook in the minutes. we saw a pivot towards financial stability concerns. it is a clear that is going to be a convincing argument for some of the more traditional economists on the committee, like janet

you have another adp on lockup. okay? i hope we don't keep going through this, okay? he we know you made calls for sostre. we also found that you place other calls for other inmates while they're in lockup. >> no. >> you have placed 17 calls from the unit under your name through other inmates, through their families. you place three-ways to your families to. these inmates are in lockup. they don't have privileges to make any phone calls or have you relay any messages for these inmates. >> okay. >> placing you in violation of phone restrictions in the jail. you want to tell me why you're doing that -- >> what does that mean? you don't have to keep going through this, man. >> that's what i'm trying to tell you. you're looking at lockup time. >> okay. wow. okay. >> are you admitting to doing this? >> yeah. >> i'm letting you know here's the situation you're coming into right now. >> okay. >> a recommendation was already made by sergeant daniels to place you on phone restrictions, okay? >> okay. >> any questions? >> no. >> okay. >> please don't come back and waste my time

private pay row tracker adp -- private payroll tracker adb reports 100,000 less jobs than the prior monthdecent gain and there were gains across most sectors especially in the services areas such as education and healthcare. manufacturing also added a number of jobs while construction and mining pulled back a little bit. the labor department is expected to report on friday a bit stronger gain of around 180,000 jobs. unemployment is now 4.3%. labor today reporting that weekly unemployment claims were up a bit with initial jobless claims up 4,000 to 248,000. >>> tesla's stock has taken a beating over the past couple of days. it fell 7% yesterday on its weaker-than-expected sales for the 2nd quarter and today the insurance institute for highway safety questioned tesla's claims of safety for the model s saying that it is not necessarily rated as highly as tesla thinks it is. tesla took exception to that, told cnbc that the model s is indeed the highest rated according to the federal government. but tesla's stock is down 3% in the early going today. stock market overall moving lower on rising

the person consuming the juice to be like these are some things i am dealing with, what would help adp fib. >> i say feeling x y and z. >> totally someone at home may say why don't i just eat fruit? >> that's awesome. >> is that still the best way. >> juice you are taking out cellulose and fiber: that's like to blood sugar and digest. the main focus of digest is the juice. you take away that process. you are just main lining nutrients. you are consuming predigested food and it grease right to your bloodstream. that's when it is superdirect to source. >> i told you the story during the commercial. there's coffee shop and there's the juice shop and i lean toward the juice shop more. i don't get enough fruits and vegetable. >> we brought these for you guy. >> thank you. >> for more information about juice shop, and how go to ktvu.com, look for it on the mornings on on tab. find it on the ktvu mobile app. thank you very much, glad to hear charlie is doing good. >> send him our love. >> yeah. >> let's see which one is -- >> okay. >> very cool. >> i have actually -- >>> >> this saturday, the

even as adp

adp jobs report, private payroll, stocks are down. dow is down 156 points. nasdaq down four of last five days. it is down 1%. russell you mentioned earlier, big selloff there, in fact seeing falling the most since may 17th to be precise on the russell. taking a look at the vix, that is fear index, that fear gauge. that spiked up. in fact for highest close since mid-may. we're seeing that higher by about 13 1/2%. tesla, a name that really grabs wall street attention, great performer, big winner, you know what? today down 5 1/2%, its worst weekly performance since september, hovering near bear market levels. needs to close below that, 20% below its all-time high of 383. that would not be bear market territory officially. officially it may feel like it to some. down about 18 bucks. back to you. melissa: nicole, thank you so much. david: protests grow up ahead of the g20 meeting in germany, turning violent as geopolitical concerns and downturn in tech weighing on the markets. let's bring in today's panel. scott martin, kingsview asset management, fox news contri

we have news breaking out of france. , have adp specifically percent created in the second quarter.is exactly in line with the consensus estimate. a quarter on quarter number. the year on your number coming in stronger at 1.8%. that is a stronger number than expected. the data has been stronger. bloomberg intelligence when he an expansion in business surveys. we are looking pretty buoyant. it should be giving the ecb more confidence in the recovery of the eurozone as a whole. see, thehat we strengthening of the gdp number. isengthening of the number more than a percent. we will see if that is indeed the case. we saw strength coming through in the consumer story in the election of emmanuel macron. that is the french story. let's stick with france but move to the corporate agenda, specifically with the auto sector. lifting their russia market forecast, saying they could grow up more than 5% in 2017. up 2.41 net profits billion -- 2.41 6 billion euros. market five 54%. us an upbeat data on brazil and russia just earlier this month. perhaps this is probably in line with what they have s

at the adp jobs report tomorrow at 8:15 a.m.ce and initial claims at 8:30 in the run up to friday's jobs report. scarlet: that does it for "what'd you miss?" julia: bloomberg technology is up next. joe: have a great evening. this is bloomberg. alisa: i'm alisa parenti from washington, and you are watching "bloomberg technology." let's start with a check of your "first word news." president trump has arrived in poland where he could receive a rockstar welcome. the white house was reportedly promised a reception of cheering crowds as part of its invitation. mr. trump travels later to germany for the g20 summit. the visit to warsaw also comes before a high-profile meeting with russian president vladimir putin. there are some concerns about mr. trump's relative inexperience with global affairs ahead of his extended meeting with the former kgb spy master. u.n. ambassador nikki haley condemned north korea's icbm launch today as reckless and irresponsible and a move that would make the world a dangerous place. the missile ended in the

by the way, data continues tomorrow, adp on thursday, mortgage apps, oil and gas, and jobs on fridayott wapner at the half. >>> all right, carl. thanks so much welcome to the "halftime report." i'm scott wapner our top trade this hour, the real reason the rally in stocks may be far from over with us for the hour today, joe terranova, stephanie link, the brothers najarian. let's begin with the markets dow and s&p. they gave back their early gains. dow's trying to fight back, positive, still down 19. the s&p and nasdaq are in the green. but the focus for investors now turning to earnings season just around the corner. and our bob pisani crunching those numbers ahead of the results and coming up with what could be a pretty good story to tell >> it's

by the way, data continues tomorrow, adp on thursday, mortgage apps, oil and gas, and jobs on friday let's get over to scott wapner at the half. >>> all right, carl. thanks so much welcome to the "halftime report." i'm scott wapner our top trade this hour, the real reason the rally in stocks may be far from over with us for the hour today, joe terranova, stephanie link, the brothers najarian. let's begin with the markets dow and s&p. they gave back their early gains. dow's trying to fight back, positive, still down 19. the s&p and nasdaq are in the green. but the focus for investors now turning to earnings season just around the corner. and our bob pisani crunching those numbers ahead of the results and coming up with what could be a pretty good story to tell >> it's early, scott, but, yes, i'm optimistic now, look, we've only had about two dozen companies, 5% of the s&p reporting, but nike, oracle, darden, for example, all had very good things to say. and collectively, these 23 so far have had very good earnings. so right now, 23 companies reporting earnings they're up 12% that's a

on thursday, june adp report, the ism services index and all topped off on friday with the big june jobst >>> president trump just tweeting, and i actually saw this, he says that he will, in his words, will be speaking with germany and france this morning, and i expect that this will be followed up with some background on what -- he has a pinned tweet that goes back eleven hours. so i got a little bit confused this just happened less than two minutes ago. so, and i'm going to make sure we bring you any additionals it is jobs week. joining us now for the countdown to the payrolls release former acting u.s. labor secretary seth harris, and annie mcclose ski. she served as an economic adviser to governor jeb bush and rick pecky's 2016 presidential campaign, former policy director at aei, and used to be we'd look for numbers based on -- based on a work force that we thought had some room left to go now everything, seth, that we talk about is whether businesses is actually find the type of individual they need and that's, you know, may not be a slowing job market, might just be hard to find t

than the 59.5 and finally on a week where we're going to have a day off but then we're coming back to adp jobs report, 57.2 on the employment headline and this is very fascinating as well because the high for the year outside of this was 58.9. that was the best since april of 2011 so very strong data the last number a little older it's a macon instruction number. spending month over month. that actually is a disappointment we're looking for up .3. it's followed by a positive revision in a negative way last was minus 1.4 now half that minus .7 putting all of that together rates ticked up a basis point before the data. ticking up another basis point 232. welcome back to the early 2017, 230 to 260 range carl and the gang, back to you. >> yeah, you have highlighted that before. we're looking at the dollar doing an up tick as well retail sector having a rough first half as vacancies continue to increase amid store closures. what's in store for retail in the second half. joining us with his outlook is the worldwide ceo retail consultant that is also a cnbc contributor. good to have you here. >>

channel which aging affects wage growth and productivity growth of what we are binding looking at da from adpnd actual payroll record of individuals. one thing we are absorbing in companies where you have a lot of workers, those companies are investing less than with younger workers. that can be due to a lot of reasons. companies know they're not going to be able to recruit those investments because those workers are going to retire. that maybe affecting investment decisions of productivity. my point of a lot of different channels of wage >> diane sworn thank you very much and mark, good to see you. >> "shark tank," kevin o'leary is going to weigh in >> hawaii is passing a bill that could create a universal basic income in that state netflix's earnings, should you buy ahead of results all that and much more coming up on "power lunch. ahh. where are mom and dad? 'saved money on motorcycle insurance with geico! goin' up the country. love mom and dad' i'm takin' a nap. dude, you just woke up! ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ ♪ i'm goin' up the country, baby don't you wann

and last but not least for this week we're going to watch for the fed minutes on wednesday, the adp privateday, the jobs report on friday. non-farm payrolls, 180,000 is the estimate, 4.3% for the unemployment rate and then, of course, the nato summit and g20 meeting. a few things on the docket we'll be watching. up arrows. neil: thank you very much. 21,477. not a record, but an appreciable advantage just the same. had been in record territory much of the morning, but the trading day is over, and the second half of the trading year is on. president trump is saying at some point state news will be forced to focus on the economy. he says that's the good story, and today tweeting to that effect. if they can stay on subject, like i say, that's the stuff to tweet about, because that's the stuff if you want to argue the media largely ignores, he is right about that. so maybe this other stuff with the wrestling and everything else, i think -- again, that's just me, and i hear from many of you who disagree. gary b. smith on if investors even care about the tweets. quinnton, my view is they do when t

on wednesday, we get the monthly adp employment data. next is the uk's turn with super thursday. of the month, so time for the u.s. jobs report. we are back with michael shaoul of marketfield asset management. looking ahead to this jobs report on friday, what are you expecting? how important is that too monetary policy in the u.s.? -- is that the monetary policy in the u.s.? michael: it is less independent than it used to be. the fomc believes this economic cycle is going ok. it understands the data is volatile. the bar has been raised for what would constitute a surprise. it will be around expectations. anything more than 200,000 would be an upside surprise but you take it with a pinch of salt. i think that would -- it would be surprising that if we get if they are not hiking at least once before the end of the year. the market will pay attention and it will have an effect on where the s&p is at 4:00 on friday. it is part of the cycle. resume my way through the most recent statement from the sf -- fomc, i was struck by the seeming contentment. backis holding wage growth and what

the opening bell set to ring in two and a half minutes adp mortgage apps and oil and gas inventoriesw we'll he get fed minutes this afternoon. lot of auto stuff today. you mentioned o'reilly at the wall volvo going all electric, goldman on tesla. >> i know tesla is such a battleground, goldman banker really trimming numbers, trimming forecasts talking about excess inventory want to mention for a moment that volvo, i am a long-term believer that the phase out of gasoline engines is going to happen i'm also a long-term believer in driverless this is no longer long term if volvo, owned by the chinese, is really saying hey, listen, you know what, electric is the future and the future is now. >> and has something of a rebound in the u.s., it's the most important market, volvo has. it's not about 590,000 cars a year or something like that. >> remember, nat gas powers electric so let's not think that we're saying good-bye to fuel. we would be saying good-bye to gasoline over the next 40 years. 83%, 82% of our power is generated by fossil fuel, the lowest in many, many years, but it's not go

data.ay, the june adp friday, it is payrolls friday.s for the rest of those data points to watch, matthew basel her. let's start with the fed minutes. typically it's a platform for the hawks. you get a dovish statement and a hawkish set of minutes. hawkishe it is a statement and a platform for the doves? >> they are raising rates, so that is the default mode. the minutes will be interesting because we got shockingly weak inflation data on the day of the june fomc meeting a few weeks ago. it's not clear how much time officials had to do just that. press conference where janet yellen was dismissive of the week inflation data. that came across as hawkish to people. it'll be interesting to see what the conversation was like on the day of, how the people are thinking about the weakness of inflation and whether that means more caution on the right path. jonathan: are we started to hear more dissent from regional fed presidents? we know neel kashkari is formalizing his dissent. starting tors crack? >> jim bullard had some statements about the

we have had really strong adp reports.ad a really great isn manufacturing employment balance in the month of june. we have had continued declines in employment gains. whether that will come through this month, we are not sure, but i will bet on over. and theet me clear back white house. you're trying to figure out about the u.s. economy, what would cause numbers to go green or red? alan: a number over 200,000 would suggest maybe we are not moderating as much as the past six months have suggested. also stronger wage growth. we have been looking at labor force participation for a long time. it has pretty much been moving sideways the last two years. i think we are now far enough away from the drop we saw in the recession that demographics will take over when it comes to labor force participation. demographics mean we are getting older. so i suspect that will edge down a little bit, but you never know. economy will strengthen enough to pull people back into the labor force. of thateen skeptical view, but that is the evidence

the next several weeks it's going to be very interesting to see how jobs reports numbers, wednesday adp, of course, private sector hiring friday we'll get the big july report from uncle sam i'm sure that those will play into this conversation, and as far as jeremy, you know, jeremy is a smart guy listen, corporate securities, especially the investment grade. if things get dicy, the other spectrum is going to go with the dicy stock market. you'll see the high yield and junk spreads widen, by i always say corporate investment grade, you have to be happy with the yield because if things turn and spreads widen, you always want to make sure that you can live with the cash flow if you don't care to liquidate based on price fluctuations >> and, steve, what would you add to that, especially, you know, we've had a lot happening with the health care bill not coming together. we're starting to think about what is may look for and do for the u.s. economy and the gdp number this morning was okay but still not great. >> right. >> so how are you looking at landscape? >> everything you just said and th

>> tomorrow morning the jobs number, i don't know -- i don't even know what the number is after the adp're expecting right now. do you think that's kind of a report that can still move a market right now >> probably not the headline number it will be wages. >> yes. >> wages will be key, and -- and the average workweek, how many hours worked that's almost as important as the number of people who get jobs. >> we're so smart anymore reading these reports, aren't we >> it's about time. >> yeah, exactly thanks, guys see you later. we go out with a decline of 151 points on the industrial average and even bigger declines for the nasdaq and russell 2000. stay tuned now for the second hour of "closing bell" with kelly evans and company. i'll see you tomorrow, kell. >> thank you, bill, and welcome to "closing bell," everybody i'm kelly evans. a selloff today on wall street t.picked up, especially in the last hour has we head into the close. let's take a look at where we finished the dow dropping about 155 points on the bell, bringing it back to 21,323 after closing above 21,500 the s&p 500 for it

that said according to adp construction hiring numbers were down but, again, numbers are monday month-to-monthparticipation rate, it jumped in january, it was 63%. yes 63%. and but fallen a little bit as we moved into the year we a want optimism in that number. >> you are right dagen that is like a 40 over40-year low we just don't have enough people participating in have the workforce, we need to get people back in the workforce. it is really important, to have people feel there's jobs out there, and get them out to work. maria: joanie courtney, mike murphy no where else you want to be when that jobs number come out right after the break back in a minute. . >> hi welcome back to tennis channel court report for fox business i am jonathan novak day four wimbledon one top seed go out american suffering what could be a career threatening injury. world number three is packing her bags the star went down in three settings on tennis court, wins enough to seal upset on woman's so far, a nightmare knee injury in second round match against serena, as soon as she hit ground 3 2-year-old american screamed

wednesday look for the adp employment report. thursday, ism services index and factory orders, topped off by the july jobs report friday morning. on the earnings front, about 120 companies reporting in the s&p 500 this week, big names, pfizer, apple, aig, tesla. viacom >>> in political news, day one for the new white house chief of staff, john kelly. >> good morning. the new chief of staff has a full plate after a weekend characterized characterized by threats president trump and shinzo abe talk about a grave and growing threat from north korea following a missile test with longer capabilities, this time with the potential to reach new york or chicago. the u.s. responding with show of force, fly over of the korean peninsula that took place over the weekend. pacific air force commander in a statement saying diplomacy remains the lead, however, we have a responsibility to our allies and our nation to showcase our unwavering commitment while planning for the worst case scenario. domestically, the president threatening congress and i