losing by more than three hundred points nine out of the past ten trading days actually blue chips lost value and especially technology shares gutted hard here at the beginning of the new week well despite strong opposition from investors and from abroad it seems approval of trump's economic policies at home is grow. well actually donald trump for his economic policy received the highest approval rate since he started office and if you're a look at the poll that was published by the n.b.c. fifty four percent of good to participate in said that the economy isn't good or even excellent shape the highest reading that we've got on this poll it's insisted about ten years ago for example the unemployment rate is almost at the lowest level in almost fifty years the consumer sentiment remains on an elevated basis then when it comes to the u.s. economy most americans seem to be unhappy with the current administration it seems trumps tough stance on trade and economic policies and pressing americans thank you very much for that. and those trade war fears have affected investment in europe's bigge

we did see quite a reaction among wall street, blue chips closing by more than 30000 poin, nine out ofast 10 trading days. actually the blue chips lost out you and especially technology shares got hit hard here at the beginning of the new week. brent: despite strong opposition from investors in from of all -- abroad, it seems approval of trumps economic policies is gring. >> actually, donald trump, for his economic policy, received the highest approval rating since he started office, and if you look at the poll that was published by cnbc, 54% of participants said that the economy is in good or even excellent shape, that's the highest rating got on this poll since it started about 10 years ago. for example, the unemployment rate is almost at the lowest level in almost 50 years. consumer sentiment remains on an elevated basis, at least when it comes to the u.s. economy, most americans seem to be happy with the current administration. brent: so it seems donald trump's tough stance on trade and economic policies is impressing americans. thank you very much for that. argentina is caught up

pretty good throughout the day at some point they were even the strongest performers here at the blue chip index doug i was talking a little bit earlier to and best for you were sharing with me that they were already pretty much prefer paris that deutsche bank would most likely fail this stress test on the other hand we also had this massive sell off this week that was taking place here on the stock market dortch of bank shares were dropping to actually record law only at the level of about eighty euros which of course for a lender that ones to play such a big international role is nothing so that's the that's one reason on the other hand we are doing a little bit better here today at the next we are back in the winning them this is happening because most likely investors are interpreting the latest results from the summit that is taking place right now on the european level could bring good results for chancellor angela merkel and that's also here a relief for investors helena now let's take a look at some other news because bloomberg has been reporting that hundreds of bankers are being

quite a good market environment here at the moment i guess you can see it in the background the blue chip index that's right now in the green so that's why investors are telling me that dodger bank is also benefiting by this but yes i can tell you there are so many tasks so many things that needs to be solved currency and saving he was taking over this year because john cryan the former c.e.o. of georgia bank had to leave but still lots of homework lots of work for the c.e.o. exactly just briefly on that point of managerial madness than that i brought up as well it's interesting to see in this criticism from the stress test that management is at fault and the bank has gone through quite a few see i mean doesn't the u.s. see that this new c.e.o. could do the job. far we have to see i mean cousins eating has been only a few weeks a few months in office and we really have not heard that much from him he has promised big reforms like for example the total restructure of the investment banking sector but i guess he still needs to prove that he is the right one for the job and maybe a bit of so

shares have been on a downward path for years weakening the company's standing as a blue chip and that's your business update here on g.w. thanks for keeping us company. green destination with majestic mountain scenery. various turns on them to each of . you christine you shall receive back. scaling the feet. explosive aches. and indulges his passion for angels customs. next on the human. optimize ation finds to officially intelligence. businesses at any rate are increasingly coming over decisions today on. how to do our revenues make better choices for a better future. for all the machines finally taking up. in sixty minutes on g.w. . make your store t.v. a little smarter with the d w four smart t.v. . what you watch when you want it up to date extraordinary. you decide what's on sunday morning that job costs more t.v. . paulsen changing disclaims and desperate the tragic stories of refugees. seeing is the first step to understand. world refugee day. and. nature that's what i want today.

officially now in bear territory, down more than 20% from their all-time -- from the 52-week highs blue chipsown 2.5% at 13-month lows that's permeated into the european session we got trading down at 2% already. we started off in the green and slightly but firmer but that quickly fizzled out and now we see that the mood for europe has turned south and is trending a little bit south let's take a look at individual indices. all of the major indices are trading in the red, led by ftse. and we got xetra dax down. interesting this morning, we had french consumer confidence levels come out at the lowest in two years in france. so, again, some of the sentiments indicators have turned in europe in germany and also in france as well ftse, despite these weaker currency you can see the sector trading in the green this morning is on oil and gas. the respite we have seen in in energy stocks. after the comments coming out of president trump yesterday, encouraging all counterparties to importless oil or no oil from iran, that's given somewhat of a boost to the oil sector. generally speaking most of sectors

record low one investor even questioned of daughter bank is even still worth to be listed in the blue chip index stocks and now the news that the fed in the united states is not even sure if door she would be able to handle another big financial crisis it is clear because jens even the c. old daughter westin just for a few months in office has a lot of work to do but some good news before the weekend today dachas share prices did not perform as bad as some feared was even for some part of the day the top performer here at the ducks investors were already prepared that daughter would most likely fail the second stress test off the fed and at the same time the market environment here in frankfurt was more friendly again that much of index tax is back in the winning zone. i start business with it. comes. down to a. flood plain ok hasn't he uses her for her weapons are guitar templates and passion that. she's fighting against braces for a second referendum. about half of all u.k. residents want britain to stay in the air you so much lana is not about to quit she believes in miracles and super

good in our classic bad less better talk about the numbers but yes what a lousy day here at the blue chip index saxon's to start off the trading day the losses are getting bigger and bigger and we are down right now with more than two hundred points a minus of more than one point six percent and there are lots of factors that are weighing in at the moment investors really seem to realize you mention is that indeed the big boom is over all of this really has a lot to do with the current u.s. president donald trump and i can tell you that people here are learning an asset manager told me a little bit earlier that his clients are very worried about the current political situation and the fear is that this is most likely set to continue until mr trump will leave the white house let's also take a quick look at the euro one euro is a is that a level of one seventeen a dollar at the moment that's a plus of a bald zero point two percent even though we are far away from the one twenty five mark we saw watch two months ago the your it's not really helping today during the trading day how baster odd

the newest blue chip is feeling blue. the larrest drugshain is facing new competition from amazon and trying to compensate for some ofts own missteps. same store sales in walgreensn retail divisere down as people spent less on household and personal care. even the pharmacy business was amat. >> the se store sales, especially in the u.s., were quite weak. that reflects what whave been seeing in the channel for the last couple of years which is margin pressurro coming both ends of the business. >> analysts say the company is aiming to position itself as a health destination like some competitors, offering an of services designed to bring in customers. last year the company announced a partnership with fed ex for drop off and pick up services as well as a partnership with lab corps showing promise in florida. >> they menoned optical and hearing. i do think they are kind of inching toward doing more health re-type services and chasing cvs. >> good news came in the form of a $10 billion share buy back and a higher dividend. wa

the blue chip index is still on track to finish in the red for the fifth straight day which would be the longest losing streak in about two months but bucking the trend once again at this hour, the small and mid caps the russel 2,000, folks we've had a lot of smart guests over the past couple of weeks say go into the russel stocks they will continue to hit all-time highs and sure enough, earlier we hit another all-time high, currently the russel is on track for its 21st record close of the year. they have fewer exposures to all of this trade tariff battling that's going on. large cap tech stocks also interestingly enough are defying the trade war fears both amazon and facebook hitting lifetime highs at this hour, now attempting hit record closes in just 56 minutes, when we hear that closing bell ring, microsoft is higher by twirl of a percent currently the second best performer on the dow 30. let's flip over to the some of the names weighing on the blue chip index to disney, fizzling out at the magic kingdom shares are falling 1.5% but think about all of the gains that they made over

road to nowhere, this zigzag market where you started unless we fix what's going on with these big blue chip names. they start participating a little bit more. it's going to be a tech and small cap world. and just stay there. >> the big thing is trade. that's why we're in the range. >> i disagree. i think inflation is a bigger point. >> let me finish my point. we're talking about capex and what it's good for if it's product activity capex, that could keep it going without inflation going crazy. we all know productivity just hasn't been there. that's what i'm looking for. i don't care if it's hard capex, if caterpillar is digging holes and buildings are being built on those holes. it should enhance productivity and extend this. >> but it doesn't. >> answer the question i asked rather than -- i don't think we have an economic round table >> i think some of the blue chips that are there are having trouble with their business models ibm being one of them, for example. caterpill caterpillar. you're talking about farmers being harmed by the trade issues so i think until china settles, you're going

d only two chairmen have had absolute blue chip -- blue slips have to be concerned or we don't have a hearing. others have had exceptions. i'm one of those that has an exception. in all but five cases have i not had blue slips returned. so we have 42 judges through the senate. have 40 judges on the calendar of the senate. we have about 40 working their way through my committee. number of k of the times, very rare that a blue slip isn't returned. elana: i'm hoping to use my last question on a fun one. you sometimes have some complaints about the history channel on your twitter feed. very recently the history channel reached out and said, would you like to collaborate with you on some kind of episode or some kind of themed project. any contact with the history channel? senator grassley: yes. i think we wanted to do that and we ran into this situation ith the house -- senate -- capitol ethics people that it would be promoting a profit-making organization and we couldn't do it. so i have gone to #realhistorychannel and once a week you'll find history on my twitter and instagram. host: we

. >> that dragged investor sentiment lower and pushed the blue chip dow index down for the eighth straight session. that's the longest losing streak since yerch of last . the selling was broad, hitting everything from industrials to techshares. the dow jones industrial average off 196 points to 24,461. nasdaq down 68. s&p 500 dropped 17. >> the justices overturn a 26-year-old decision that effectively barred states from imposing sales taxes on out-of-state purchases. the d bision was a win for south dakota which asked the court to uphold a recently passed law imposing an internet sales tax,ut it's considered a loss for amazon and other onle retailers. courtney reagan has the details. >> reporter: the supreme court says retailers should select online sales tax even if the retailer doesn't have a phy ical presenthe buyer's state. it's a reversal of the decision a sreme court made in 1992, mostly looking at catalog shopping before online shopping became a daily reality. justice kennedy writes, quo -- the internet's previousens has changed the dynamics of the ecomy. justice roberts and three o

eing and caterpillar, the two bellwetheconsidered for trade tensions were the biggest losers on the blue chip. as trade tensions escalate beyond expectations, questions are being raised about the outlook for stocks. pi bob sani starts us off tonight at the new york stock exchange. >> traders are facing an unpl t unpleasant reality. tax cuts now may u beer a bit of a cloud. earnings estimates have bee ing up and the market is now worried that these numbers might in danger thanks to the tl threat of a looming trade war. analys have been consistently raising estimates for all four quarters expected to pass 20% earnings growth. you don't those kinds of numbers very often. the problem ise sectors l energy and materials and industrials and technologies are most critical for earnings growth are the same most exposed to global trade. given the sky high estimates for the rest of the year i is littleonder the market is starting to expect earnings cuts may be coming even though analysts don't have numbers to plug into their models yet. the market is starting to get worried. some strategists appear to be

. >>> general electric is losing its perch in the 30company blue chip index.nning next tuesday ge will be replaced by walgreens. it has been a continuous member since 1907. ge's stock has fallen from 80% in the highs near 2000. >>> verizon, at&t, sprint, and t-mobile pledged to step back from the business practice after drawing criticism for endangering privacy. they've apparently allowed outside companies to pinpoint their clien customers' locations without their knowledge or con sent. >>> and getting into the hotel business as a concierge. amazon has launched a version of alexa to use the voice assistant to order room service, ask for more towels, or make hotel reservations without calling the front desk. marriott has signed up for the service and will place amazon smart speakers inside their hotels for the service. anne-marie. >> it sounds pretty interesting as long as she's not listening to me while i'm singing in the shower, sending messages to my contact list. >> i couldn't agree more with that one. >> diane king hall at the new york stock exchange. than

the nasdaq hit a record, even as the blue chip dow pulled back. the dow jones industrial average fell to 25 points, the nasdaq was up 65 points, and the s&p 500 rose six. so should investors compare today to the lat 1990s? mikean tolli takes a look. >> reporter: reminder of '90srs are app all over wall street. the economic and financial markets conditions are drawing comparisons to that period. good economic times and a technology boom culminated in a powerful bull marke that went to stunning extremes before collapsing. no two moments match up, but there are plenty of echos. usually an --tarts to hum, consumer and business confidence readings are near the historic highs, the fed reser is tightening, but not noticeably restraining risk-taking we even have a media merger fren featuring an acquisition of time warner, reminiscentf aol's bid for time warner in early 2000. >> you'vgot mail. >> reporter: it's important to point out several crucial differences which together me it seem less overheated and hazardous than saying 1999. for one, stocks just a

face a true master of disguise she has transformed into many a celebrity italian make up artist blue chip it's hollis has a growing following online but also loves meeting audience face to face to get their reaction we took a look behind the scenes and followed her about town. we know there's a bit the second command's attention wherever she goes. and she's chosen to hold court at a beach bar southwest of rome of all places. option back she go shopping at a local supermarket like it's the most ordinary activity. and then she makes an exit that's almost worthy of a queen. rice going to fly. but a commoner is lurking behind the royal facade. leadership is how this is an italian makeup artist and portrait painter she lives in the italian coastal town of torbay on a kayak. to transform herself into the queen she needed just two hours to make up and precious. ships all this combined speaking techniques with makeup artistry. the british monarch is just one of many p.r. piece in her repertoire. showcase so no i kid out that i like challenges i want to portray public figures with strong personali

company in the dow general electric is now being dropped from the index, ge has been a part of the blue chip average since 1907. the company stock price has fallen 78% in the last two decades. it's being replaced in the dow by wahl greens. >>> outrage is growing in east pittsburgh after video shooting -- show police shoot at least one person during a traffic stop. police opened fire. we're freezing the video before the shots were fired. but one of them is an 17-year-old who died at the hospital. overnight, police still looking for the other man seen running away. they haven't commented on why they opened fire. investigators say that they pulled the car over because it matched the description of a vehicle from another shooting. >>> now to severe weather hitting parts of the midwest and the south. latest radar shows a line of powerful storms slamming the gulf coast. and outside of denver, hail the size of baseballs dented cars and shattered windshields. wow. let's take a closer look now at your forecast for this wednesday. >>> good morning. tropical moisture feeding into a frenzy of severe thu

. >>> morganur of , just a orment ago mentioned ge's exit nmha d t afrhe century as part of the blue chip index it's being replaced by walgreens fell 1% in the dow debu t today.> ften wall street overall stocks bounced back after yesterday's steep selloff. tech stocks rebounded but confusion over trade policy capped some of the gains. the dow jones industrial average was 30 points to 24,283. the nasdaq added 29 and be the s&p 500 was up about 6. >>> ingt wash, president trump took aim at harley-davidson. as we've reported, the iconic american company announced yesterday that it was going to move some factory production out of the u.s. citing tariffs. the president threatened to tax the company like, quote, never before, end quote. harley-davidson is using that as an excuse and i don't like that. tve been very good harley-davidson. they used it as an excuse. think that people that ride harleys are not happy with rley-davidson and i wouldn't be either. mostly companies are coming back. >> shas of harley-davidson finished the day slightly lower. >>> an automotive trade group plans to tell th

after more than 100 years of the dow component, ge will be removed from the blue chip index as we reported lastnight. during its time as a member of the dow, g esaw someig very h highs and some very low lows. ge literallyhanged the world from light bulbs to locomotives to household appliances,ower generation and jet engines. with a market cap of $594 billion in the year 2000, it was the world's most valuable company,ut its removal from the dow jones industrial index next week i the latest symbol of how far it's fallen. >> is clearly a sign of the difficulties ge has had. >> the index haseced that it was irrelevant. >> reporter: now valued at 113 billion, ge is still bigger than united technologies, which is staying in the dow, but ge's share pricee is down m than 50% in a year. ge embraced change in the 20th centurev and grewoping computer technology, and after jack welch took over in 1981, it acquired nbc universal and later became one of the country's biggest banks, but under welch's successor, jeff immelt,anhe co stagnated and began to shrink. it shifted away from baing, ld off nbc univ

very soon this kid took on a blue chip they fell ill doesn't start. the lifetime of a plantation fell from ten to three years those infected by parasites were abandoned. more jungle was cut down to create new plantations. it was as if united fruit had taken over the whole of central america. the affiliated. pressure not because for d.c. forcing bubble it's remarkable because it is a parable of the perverse effects of capitalism and the logic of accumulation after all the logic intrinsic to capitalism is the accumulation of capital of which there is no foreseeable end with the idea that the resources being used are endless. just a moment if it doesn't this example shows that the company should have realized that doing this was not in its interests critical other parts of corporate marketing that you got people dying in a bid to maintain a machine which harms the environment and in my god to sustainability in the economic sense is pointless through the economic news having a. level security in the end just have a self-perpetuating logic required someone

but i can tell you that at this moment none off the thirty eight list a chair here at the blue chip index dax is in the green they're all in the red even though wall street closed in the green yesterday we are again down more than a half percent at a level of twelve thousand one hundred and sixty points and yes this is really getting serious we have to remember that in general we were still here at a level off thirteen thousand five hundred points so we lost more then one thousand four hundred points just within this year and already in this month's close to six percent yes i can tell you that investors they are really worried here definitely like a trained financial correspondent daniel cool for us frank thank. all right hating out goober has won a court battle to regain its right to operate in the british capital london however it only receives a fifteen month probationary license it will have to prove it is learnt from its past mistakes london's transit authority revoked its license last year off the company failed to do proper background checks on drivers and didn't report criminal of

gucci of goosing by more than three hundred points nine out of the past ten trading days actually blue chips lost value and especially technology shares a gutted hard two year at the beginning of the new week well despite strong opposition from investors and from abroad it seems approval of trump economic policies at home has grow well actually donald trump for his second nomic policy receives the highest approval rate since he started office and if you're a look at the poll that was published by the n.b.c. fifty four percent of the to the president's participants said that the economy isn't good or even excellent shape that's the highest reading that we've got on this poll since this started about ten years ago or for example the unemployment rate is almost at the lowest level in almost fifty years of consumer sentiment remains on an elevated basis and so at least when it comes to the u.s. economy most americans seem to be unhappy with the current administration seems trying to tough stance on trade and economic policies and pressuring american gent called thank you very much for that. arge

yeah exactly after the massive sell off that we saw yesterday on wall street but also here at the blue chip and exact there was dropping by more than three hundred points today's trading day has been better than we initially thought we are not seeing big jumps also quite some volatility but we are up at least not losing any more but it's just really a very small class at the moment this is also happening because the euro is not anymore that strong today analysts though are warning to get too excited there's still lots of uncertainty about the trade war but also here with angle america's coalition that potentially could crash so we are reeling here for a little moment but are prepared that shares could be falling once again. in frankfurt thank you. when a main bone of contention for the united states with china is its china twenty twenty five policy and its investment in high tech like a lecture mobility china is determined to become a walled needed when it comes to immobility and together is subsidizing car prices issuing produces with quotas among other rules including overhauling pollutan

shares have been on a downward posh for years weakening the company's standing of the blue chip and the new member replacing g.e. will be the drugstore chain walgreens the dow jones oversight committee feels that the company reflects the consumer driven u.s. economy better than the outgoing industrial giant and with that i would like to cross over again to anybody in frankfurt how is it g e dropping out this this industrial giant dropping out. the dow going down where you are alarm bells ringing . i think they are and they aren't the shares going down it seems to come this is a prize to investors because. they didn't expect it at this moment but people did see this coming there's been discussion for a long time that g.e. just wasn't worth enough anymore to be a member of the dow and others knocking at the door seeming to fit the times better and it's a classic example of a company that was hugely successful and that then somehow misstep and missed the connection to modern times and also overstepped its power g.e. branched out it branched out and practically everything it was in radio it

shares have been on a downward path for years weakening the company's standing as a blue chip of the new dow member replacing g.e. will be the retail chain walgreens the dow jones oversight committee feels that the company trading in consumer staples reflects the consumer driven u.s. economy better than the outgoing industrial giant another day another high profile hack of a cryptic currency exchange this time the victim was a south korea's bits some exchange directors say a series of overnight breaches so hackers make off with thirty one million dollars with a virtual currencies however they didn't say which coins were stolen the company behind the site has promised to compensate victims the big attack was just the latest in a series of digital protests raising critical questions about trip to currencies. part time for some world cup updates. that's right at the world cup hosts russia are all but through to the knockout round with me in the studio to talk about is alina otaki from d.w. sports good morning alina. the whole of russia seems to be rejoicing now with good reason obviousl

exactly well the mark is actually doing better than we initially thought the blue chip index that was most of the day in the green just after twelve pm i guess you can see it it made a little descent but then recovered again but we are seeing quite some of volatility here on the trading floor the euro is also not very strong today down with about zero point three percent that's not really helping the market but still investors are just waiting basically for a new tweet off the u.s. president until the markets could go down again and this or told me actually something very interesting a little bit earlier he said it's so hard right now how to decide how to invest your money autumn we all to mobile shares are very risky everything with china could turn into chaos and also don't invest anything right now regarding to steel and elam in new home so the trade war is certainly here the number one topic all right trade wars or not aside danielle what else is making the markets move. but besides the trade for. the trade war i can tell you that the political turmoil between anglo american and h

dividend shares have been on a downward path for a year is weakening the company's standing as a blue chip of the new member replacing g.e. will be the retail chain walgreens the dow jones oversight committee feels that the company trading in consumer staples reflects the consumer driven u.s. economy better than the outgoing industrial giant. as a big day for the former chief executive of anglo irish bank david drama following a guilty verdict this month is expected to be handed a lengthy prison sentence today drum has been found guilty of conspiracy to defraud and false accounting relating to banking transactions he was involved in at the height of the two thousand and eight financial crisis. a decade after island's banking crisis the former c.e.o. of the collapsed anglo irish bank faces sentencing his bank wasn't the only one in gauging in suspicious lending practices the drove the celtic tiger boom and subsequent bust was one of the biggest players irish taxpayers had to bail out the bank to the tune of five billion dollars billion this month david drum was found guilty of fraud for his

when we talk about soccer that we were just too spoiled lately with a good numbers here from the blue chip index from the g.d.p. growth i think one thing is very clear and that's also what investors are telling me that the big boom is over and it's going to take some time until this and you will have this speech once again right resting when all orals a lesson to be taken from the world cup daniel koch for us there in frankfurt thank you. well bricks and mortar stores are losing out to online giants like amazon the appeal of ordering from the comfort of your home having approach says delivered straight to your door is obvious that is so until they arrive late or get lost along the way now as it is trying to get entrepreneurs to set up their own delivery services these great bands could help ease amazon so called last mile problem the number of online orders is on the rise and customers expect quick delivery to their doorstop that's why the e-commerce giant wants to build its own delivery services entrepreneurs can lease divans from amazon and set up their own fleet far on ten thousand doll

yeah you can see it in the background and lately a very poor performance of the blue chip index taxes already giving investors this morning quite some headache again let's have a quick look at the dax you can see the curve in the background we are already started with losses this morning right now we are also down with more than one hundred and twenty points that's more than zero point eight percent down mostly the shares of carmakers are very much under pressure the possibility of us all of terror sends carmaker stocks tumbling once again dime the volkswagen being down with your shares are among the worst performers at the moment and also just a few minutes ago you are safe the latest business climate index for germany the business climate always gives a good idea about the current mood of german see ols and that business climate in the cast been dropping it seems that the situation with a possible trade war although also the political uncertainty here in germany is making investors but also see also a little bit more reluctant at the moment helena a lot to weigh out for investors an

. >> the blue-chip index down 2.4%. a lot of opportunity to start looking at stocks. you for coming. trying to coming up, president trump tearing president trump tearing up for fight with democrats supreme court justice. >> democrats want justices who will rewrite constitution anyway they want to do it and take away your second amendment, racer borders, throw up in a jailhouse doors and destroy your freedoms. cheryl: will talk about the politics of a new supreme court judge. taco bell finally decided to bring back one of the most popular menu items over. yes, you see cheese on your screen. you are watching "fbn:am." that...was...magic. willingham tucks it in and puts the championship to bed. the is demanding. and that's why small business owners need more. like internet that's up to the challenge. the gig-speed network from comcast business gives you more. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not minutes. get fast internet and add phone and tv for only $34.90 more

chinese blue chips sank 2.2% to be a whisker above 13—month lows as a resolution of sino—u.s. tensionsprospect. japan's nikkei had been faring better but soon succumbed to risk aversion and fell 0.3%. us stocks rebounded on tuesday on gains in the energy and technology sectors, after a sharp sell—off a day earlier on spiraling global trade tensions. european markets not expected to see a strong bounce today, with little in the way of economic data or company news to provide any relief or distraction from the overhanging dread about higher barriers to trade. oil prices have rocketed by about 4% — after us officials said its allies should stop buying iranian crude imports by november. investors are bracing for a significant cut to the global oil supply. joining us now is co—founder and chief oil analyst at energy aspects, amrita sen. hello. what is your view on where oil prices will go, given there is this expectation of a tightening of supply? i think the only trajectory you can logically see for oil prices from here is higher. we don't think the us will be able to completely cut down a

you can see the key blue chip banks are trading heavily down as well today. we have ubi banca down >>> the total for the past three months to over $10 billion the figure represents the most significant redemptions in any three-month period going back to 2008 jimmy, citi -- these numbers are absolutely staggering. is big move as far as markets are concerned. seems as though people are actively withdrawing cash away from europe now. >> yes it's one of the more supportive arguments of european equities europe is now empirically under positioned financials i think the first ever month, may, you have seen $1 billion flow out you have the financial sector, while it's still plagued with problems the btp issue we saw this morning for example. positioning is much cleaner than it's been. >> reading between the lines, does that make you more constructive is it a buying opportunity >> i think tactically into the ecb. there's an opportunity the last time we met, you were asking if there was enough risk premium in the italian election. we said we didn't think so medium ter

about 7%, on pace for its best day of 2018 as the ceo makes good on its promise to streamline the blue chip. if shares can time higher for the month of june, who will be the first up month in three months. strength for homebuilders as well. let's take a look at lennar. they put out a blowout quarter, up 7%. deliveries rose 57%. these were probably driven by the cal atlantic acquisition. if we turn to the commodities space, a mixed picture. about 1%.l up gold down about 0.5%. not a huge decline. oil is trading higher on the news that there is a libyan court dispute that is adding to supply troubles. ind down for the seventh day the last eight. maytechnicals of gold suggest more declines ahead. this is a longer than five-year chart. his is 2012, the nominal peak above $1200. we see the crash, and then we see a recovery on the recent action. gold has broken below buying support, suggesting it may had below $1200 per troy ounce. gold there is probably not letting that. caroline: we will talk much more about gold later in the show. great breakdown. close here.o nothing like making up for all the

the 127-point loss after the blue-chip shows 226 points last week. we have losses in the making.both the french and german markets down about 1% at the moment. asia overnight markets in china and hong kong closed for holidays. the nikkei in the kospi and south korea both facing a small selloff there. oil prices also under pressure driving to move china now weighs an import tariff on u.s. crude oil. a 35-cent cost of crude at the moment. an increase in oil output. google and move into china. how plans to take on amazon with the latest investment. the ceo of audi arrested, taken

blue chips have 226 points. this morning it's about trade.t the retaliatory tariff we've heard about from china. the impact of steel and aluminum terrace that have gone into place. morgan ortega's doing reporting on what people think about nafta. we want to move on to a dangerous wave spreading eastward. cheryl casone with more on this. >> it's a hot one today. a wall of heat from the midwest will slam the east coast today. the humidity could make temperatures feel like 100 degrees in some areas. heavy rain and strong thunderstorms continue from the plains to the northeast. flash flooding on michigan, minnesota and then also expected for the coast of texas. a dead man opened fire in a wal-mart parking lot in washington date shot and killed by a quick thinking army bystander david holiday hero. the suspect allegedly wanted a teenager, but at least one other personlath victim now hospitalized in critical condition. the bystander is a good samaritan. well, the founder of fairness has been indicted on fraud charges. accusing elizabeth thompson, s

the blue-chip jumping to their highest close in nearly three months. can it continue?ertified financial planner and cofounder of capital management and investor advisory group. good morning, gentlemen. the risk of a trade war. has the market more confident that there will be a resolution? >> the same kind of setup that trump does which causes a little bit of a practice right before he's about to do something and then he gets in there and settles things down. this doesn't surprise me just ahead of the summit that is ruffling everybody's others before you go in. get your reaction to that. >> i put it this way. tariffs are a wake-up call. i do want to rule anything in or out that he's making a statement the world trade system has got to be fixed. >> the u.s. is the freest and fairest reader in the world and our goods manufactured your character brought all across the world. so we need to be able to fight fire with fire to show these countries is not good policy. the point of our tariffs when we open up other markets, not necessarily our allies or enemies. tracee: are thes

climbed back a little bit, adding a little more than 218 points today that pits us at 24634 for the blue chip gain same for the small cap russell adding 14 points today to 1647 nasdaq, best performer, 1.5% higher to 7554 today, and the broad market s&p 500 up a little bit more than 1% to 2734 the s&p and nasdaq are going out in the green this week and 10-year, interest rate fell sharply on tuesday that really hammered the bank stocks, and that was, of course, on uncertainty out of the italian elections in particular. back 2.9%, after the jobs rating this morning, and we'll have more on that in just a moment, and he's best known for shorting stocks coming up, andrew left talking a social media stock he's bullish on, so we look forward to talking with him in a couple minutes. joining me, michael santoli, dennis berman, and nancy tangleer, everybody on set good to see everybody, thank you. topping the dow, exxon-mobil, ge struggling again, and meanwhile, the s&p 500, nectar therapeutic winning, and dollar tree lower mike, major development this afternoon when it comes to the north korea summit j

welcome back to the "closing bell," dow's down 315 points, six straight days of declines for the blue chips hardest hit of the major averages, small caps positive. matel downgraded from buy to neutral. up 25% since the mid-march lows and giving up 30% of the gain today. >> trade fears loom over silicon valley, president trump has reportedly told apple's tim cook, the tech giant won't have to worry much about tariffs. josh lipton has the story, josh? >> mainland china accounts for an estimated 15% of apple's annual revenue, and it assembles most of the iphones there, then shipped, of course, around the world, so investors might be worried here about whether apple now gets caught in the cross fire of the burgeoning trade war. trump administration, as you mentioned, told tim cook, they are not placing tariffs on iphones according to the "new york times," and just today, white house trade adviser had no knowledge of any such iphone exemption. regardless aside from tariffs, apple could face pressure in other ways for example, apple is now reportedly worried the chinese government causes delays i

charles: well, it was a rough week for the market especially blue chip names that populate the dow jonestrial average. now, really is confluence of trends that slammed that index which barely avoid ared a ninth straight losing session. the entire market today though was able to limp into the weekend, sellers ditched stuff at the last moment. now here's the good news be, the s&p 500 proved that it could rally without technology or financials which, by the way, are about 40% of the total weighting, so it's important that they're engaged. energy rallied, the west texas intermediate rallied are more than 5.5%, opec hiking its official output this morning less than people thought. then later in the session we remained u.s. rig count was up changed. the question, of course, is can the big losing sectors of 2018 -- energy, materials, industrials -- can they regain traction. materials have been weighed down by international paper and freeport-mcmoran, but think of these names that have dragged down industrials, caterpillar, boeing, they all seem like screaming buys to me. i want to bring in my g

ge was one of the original components of that blue chip index. it's been in the index continuously, consecutively for 111 years. ge stock has been battered this year, down nearly 27%. they're off 2% again in the premarket session. responding to the news ge says it is still focused on executing a plan to improve performance adding today's announcement does nothing to change those commitments. that's ge's formal statement ge will be replaced by walgre walgreens. that stock up 3% on this news. the change will go into effect on tuesday >> a historic move ge a founding member of the dow in 1896, historic news overnight. >> just the idea it's been there over a century on a continuous basis. if ge is not the iconic american company, i'm not sure what is. >> joining us is dan verio good morning to you. your thoughts on this move, ge out of the dow, walgreens in >> it's one of 30 stocks it's an arbitrary 30-stock index. it's clearly a sign of the difficulties ge has had -- and they're very well documented, but to me the contrarian in me makes me think tha