over the past quarter, amex notched a partnership win.won the rights to become the exclusive issuer of hilton credit cards because it has lost high profile partnerships. some say that hilton is more of a symbolic win than a financial one. credit suisse believes it won because of future negotiations >> thank you very much shares of visa, 26%. mastercard up 24%. both those names trading at all time highs american express seeing big gains. up 15% there are some laggards in the group. capital one down 7%. discover, 15%. so, we should also throw in ppa pay pal. that stock is trading off a 52-week high >> it's one i think dan has been on all over. i like paypal in terms of story. tremendous amount of growth. the thing we know, payments are changing you want to be in the places that are having that growth. paypal is one of them. trading wise, i'd probably be taking a little off there. if i want real growth, where i'm going to go is pinpoint. >> amazing how -- it goes back >> everything gets the bit coin. >> american express. >> after the costco

trump amex : industry. are you guys busy? >> have a story we should know about?help us chase it down. by logging go get your headphone. >> what you mean? they are in. >> they are both in. >> really? >> if you are planning on taking a trip this fourth of july weekend, you have a bunch of things to pack up the bandwidth, go ahead but to not take a page out of this family's book. that was from concorde new hampshire. the hampshire state police pulled over this man, who seem to be moving there all possessions in one van. and they said don't to this. >> anthony took his girlfriend catherine on a cool plane ride. everything started off great. he started taking a selfie but then something seemed to go wrong. this plane started to nosedive. and his like i think you have to help me out here. a measure was going on. so she brings out the instruction manual of the plane to help them out. >> will you marry the pilot? >> she didn't actually say yes but she said she loves him. >> brian, cheap energy, not doing great for the coal industry. >> bill, i know you love coal. >> i do

>> they haven't increased the annual fee amex did citi is keeping it at $450 $250 in freer a far er rr the different perks and fourth night free benefit, it's an absolute no brainer. >> you're a mercenary, right like the second someone else -- you close down the card entirely, is that it >> no, i mean, i keep the cards as long as they offer me value, if you got a credit card that's not offering rich rewards or really strong perks, then, you know, you really should consider changing and, you know, the signup bonuses now are the highest we've ever seen. so it's a good time. especially for you if you're looking to get a rewards card. >> apparently i don't know, it's like buying the market at all-time highs brian, thank you for joining us. >> thanks for having any. >> that's brian kelly. >>> break out the dancing girl in a red dress it's world emoji day up next, how the tiny pictures changed business communication and whether or not it's were the b better stay with us >>> welcome back from smiley faces to hearts, to pizza, emojis have taken over interpersonal communication, but it's not l

it's time for squawk on the street >> the premarket is packed with news whether it's earning from amex, qualcomm, t-mobile, mario drag hi speaking now the president marks six months in office today. futures are steady yields below 227 as philly fed comes in light road map begin with a stock rally. markets poised to open higher aztec stocks party like it's 1999 breaking through a nearly two decade old record. >> shares of american express, travellers and black stone all falling after earnings. >> and the amazon effect shares of sears are up sharply. the retailer announcing it's ken more products will now be sold on amazon. first up with all three major indices posting record closing highs in the middle of a nine session winning streak that's the longest in over two years as they break through the record close surpassing the.com record on march 27th of 2,000. that raised a lot of eyebrows. >> sure did. it's pretty broad based and yesterday was surprisingly much more biotech than tech there's lefation going on. there's companies that are just being revalued on a daily basis. amazon being

bay area-based visa's biggest competitor isn't mastercard or amex. it's cash. cash still makes up the largest chunk of retail transactions more than 30% likely why that credit card giant is encouraging retailers to get rid of cash and that's a trend that could be good and bad for consumers. every time you swipe, the credit card company gets a percentage. now visa is working to get more swipes with its new cashless challenge offering $10,000 to up to 50 food service businesses if they go cashless something a handful of restaurants like sweet green began experimenting with last year. >> there can be problems with cash. >> reporter: this person explains, despite transaction fees going cashless can benefit small businesses and speeds up service and prevents what's known as shrink, lost or stolen cash. more than two-thirds of consumers carry $50 or less. 9% don't carry cash. and in many cases, credit can be safer for consumers. >> credit cards are a better option for consumers because they carry increased protection such as a charge-back rate. >> reporter: you can d

david: amex up a percent after-hours. melissa. melissa: banking on tax reform. investor hope for tax cuts despite the recent struggles on health care. what happens if tax reform suffers the same fate? we have john layfield, and lindsey piegza. thanks to both of you for joining us. lindsey, what happens if we don't get that tax reform? >> this is going to be a significant problem because right now we're still seeing that political carrot dangled out there for the market. the market does seem convinced we will see at least some sort of a version light of what was promised along the campaign trail. now obviously health care reform a bit uncertain in terms of timeline. regulatory reform is hanging out there. tax reform was the key component of that political carrot. melissa: yeah. >> if republicans fail to get that through i think it will be very difficult for the market to look past the failure. if you take away political reform you have a economy struggling to meet 2% at this point. melissa: without question. john, she is talking about on the campaign trail, even

. >> yesterday you talked about amex you said it was compared to visa a little dull and now we have visaith payments of 12. >> oh my there's charlie sharp. i don't think al would like that u.s. growth was 12%. remember china is coming they have done great things in europe this stock is going to go over 10 i say that because that conference call had no holes in it and thinks are accelerating in visa. if they get china really rolling. of course they have declared a trade war against us maybe it goes away but i really and truly love the conference call al is doing a fantastic job. he's very good. >> so you don't see him as bothered by the ten year back below 225. >> no because we're seeing capital one suddenly with a decline in charge offs i like the general tone of what's happening in the banking sector just obviously growth. when your biggest misses are colgate and the underperformer that is ge, i'm okay with that i'm okay with that the call was perhaps the most important call of the morning. now hi the release and i want to pull it, i want to read this while the outlook in north america

serious fraud office has opened an investigation into amex foster wheeler over principle -- possible bribery and corruption. the company said the investigation is not expected to impact its merger with john wood group. that is the bloomberg business flash. mark: -- says he never told his father about his meeting with the russian government lawyer who was said to have information on hillary clinton. he explained why he held a controversial meeting. >> in retrospect, i probably would have done things differently. this is before the russia mania. for me this was opposition research. they had maybe concrete evidence to the stories i had been hearing about that were probably unreported for years. i wanted to hear it out. really, it went nowhere. senator mark warner, the highest-ranking democrat on the senate intelligence committee, told us the contact was clearly inappropriate. >> those questions are going to be, why was he so excited, and why didn't he understand that having this kind of outreach from a russian national acting, it appeared, on behalf of the russian government, to tear do

it's time for squawk on the street >> the premarket is packed with news whether it's earning from amex

. >> could have been >> get your amex card out.e could all go in together. >> let's check on the markets and where we stand yesterday record highs for the s&p as well as the nasdaq. nasdaq on a winning streak here. looking to add to that up by 21 in the premarket dow jones lose being 4 points. s&p losing about 2 in ashark it's been greia, it'ss across the board the biggest gains in shanghai, up 1.4%. over in europe, the session gets underway green arrows except for spain. that is down by a half percent the crude picture influenced by inventory numbers, but still within the range 46.56 the trade on wti, brent higher by just 22 cents at 49.06. >> harkening back to what we were talking about at the top with all these snaps and facebook, et cetera, news out from our parent company, nbc universal. nbc news is launching a show on snapchat it will post two news shows each weekday lasting three months a piece nbc assembled a staff of 30 people for the show that will be shot at the newsroom in 30 rock. it will sell ads and share revenue wit