i'm mandy drury with brian sullivan. it is rally time and stocks are on a roll at this hour and they are even picking up. >> growth in the usa. steve liesman going through all of the data and he believes it said something important about growth in the second quarter. >> and the meal that ha has the food watch watchers aghast. 3600 calories the list of the restaurants with the highest calorie counts. the offenders. we begin with the major averages up for the second day in three and the dow rallying triple-digits and closing in on the most recent 15-year interday high. financials and consumers. utilities and energy lagging and transports are surging again. ch robinson trekking for the best day since early january. seven stocks hitting near highs the goldman at levels not seen since december 2007 and zion's ban corp and not seen since the start of the financial crisis. >> cnbc releasing the second annual list of the fee management firms in all of america. ranking number one is creative planning. they are based in lee wood,

let's get out to brian sullivan at the rbc energy conference in new york. brian? >> thank you very much. we talk a lot about oil and gas prices. the one thing we have not talked about enough and shame on us is labor capital and the services side of the oil businesses. that's what our next job is. one of the marine labor providers to help get production up. we are joined by the ceo and president. thank you very much for joining us. >> we talk about oil so much. we don't talk about labor. we said we will demand 25 to 30% cuts across the board from all of our providers and sounds like they have gotten them. any sign that labor cost rates have stabilized. >> certainly the costs are going down. it escalated quite a bit over the last five years as we needed more labor and the basin and the shale and the basin that existed there. they lot of those calls are going down. >> huh $42 million in net income. the loss this year. all the different business units had a drop in revenue. is there any sign that any of those have stabilized? >> i think we are getting close to a botto

on power lunch with my friend brian sullivan. for the regular lightning rounds. [ inaudible ]. are you ready? time for the lightning round. steve in pennsylvania. steve reno? >> caller: jim, good to talk with you. you recently expressed concerns about some of the names in the biotech sector becoming overheated. >> yes. >> specifically do you think bio marine pharmaceuticals is too hot to handle. >> j.j. is really fabulous. i'm not worried about that one it's some of the smaller ones i'm concerned about. >> sunny in illinois. sunny! >> caller: a big chicago blackhawks bu yeah. >> congratulations. i'm jealous. boo-yah. >> caller: i've been a fan of your show for ten years. i love what you do and i love your book. >> thank you. >> caller: you're welcome. what is your opinion on on semiconductors. >> i like it. not as highly rated as -- let's go to chip in massachusetts. chip. >> caller: hey, jim cramer in person wow. technology is amazing. question for you. i bought into frontier communications ftr sometime ago at a good point t. st

brian sullivan is in california for the janus investment panel and he'll talk to the director of researchand jack ma joins us at the top of the hour to talk alibaba, its growth and running a business in china. that and more all straight ahead. ♪ ♪ ♪ at chase, we celebrate small businesses every day through programs like mission main street grants. last years' grant recipients are achieving amazing things. carving a name for myself and creating local jobs. creating more programs for these little bookworms. bringing a taste of louisiana to the world. at chase, we're proud to support our grant recipients and small businesses like yours. so you can take the next big step. ♪ (music plays throughout) ♪ the pursuit of healthier. it begins from the second we're born. after all, healthier doesn't happen all by itself. it needs to be earned... every day... from the smallest detail to the boldest leap. healthier means using wellness to keep away illness... knowing a prescription is way more than the pills... and believing that a single life can be made better by millions of others. ♪ ♪ healthier tak

i'm brian sullivan.or the hour and joined by bob dahl dan fuss and bill gross also coming up. thank you very inch. first, david kelly to you, what is your expectation from the federal reserve today? >> well i think they're going to upgrade their assessment to the economy, i think they're going to say the labor market's doing bet, the consumer's doing better, that's all in the statement. i think it's going to be a positive statement. i think it's going to make people believe that they will raise rates by september. the dot plot's different and the long-term forecast because that's a upgrade change from march. they have to say growth will be slower this year than originally thought. the thing i'm looking for is their assessment of long-term economic growth. they downgrade that it means we are running out of capacity here. i think they're beginning to get the sense that they have less than they thought they had. >> bob, your expectations? >> i concur 100%. i will emphasize the last point. i think there's le

i'm mandy drury and brian sullivan here in for tyler. one more time stocks staging a rally this hour despite ongoing worries about greece. today why it might not be so great for traders getting comfortable with a greek exit. >> but a big warning sign on housing. the number of homes said to begin construction falling. we'll let you know if this is something to be concerned about going forward. >> and remember the ebola outbreak scare. another deadly virus is spreading overseas and the cdc is on alert. the warning for an unprepared america. but we do begin with the health of the american housing market. some concerning new numbers on home building down the road. let's get to diana olick in washington. why should we be worried? >> reporter: mandy, we saw a big drop in housing starts month to month, down 11%, but this is not the worrisome part because we saw a big jump in april and saw the giveback in may. what you really need to look at is the building permits and separate out the single family from the multi-family rentals. now you see wha

i'm mandy drury and brian sullivan here in for tyler., stocks staging a rally this hour despite ongoing worries about greece. today why it might not be so great for traders getting comfortable with a greek exit. >> but a big warning sign on housing. the number of homes said to begin construction falling. we'll let you know if this is something to be concerned about going forward. >> and remember the ebola outbreak scare. another deadly virus is spreading overseas, and the cdc is on alert. the warning for an

i'm mandy drury but brian sullivan is standing here for the first hour and the second hour of "poweren a volatile day on the street ahead of a two-day fed meeting. the latest greek debt faux fail but we are well off session lows. >> the dow has been down as much as 200 points but -- we're still down by triple digits but down about 100 points. we've cut that deficit by about half. it really is a case of bad and the least bad in today's trade. let check out the ten major s&p 500

i'm mandy drury with brian sullivan. time and stocks are on a roll at this hour and they are even picking up. >> growth in the usa. steve liesman going through all of the data and he believes it said something important about growth in the second quarter. >> and the meal that ha has the food watch watchers aghast. 3600 calories, the list of the restaurants with the highest calorie counts. the offenders. we begin with the major averages

i'm mandy drury with brian sullivan because tyler is off again today. >>> instead of worrying about greecearkets should be looking to another country instead? that's just ahead. >>> netflix a huge stock split. the stock is up, facebook at an all-time high. yahoo! not the case at all. >>> money and marriage. new information today on how honest we are, what we hide and how we do it. are you really 100% financially faithful? we'll discuss. >>> we begin with the ongoing drama in greece where stalks have been under

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is out.is son a much deserved vacation this week. unfortunately for him, he probably didn't catch the end of the u.s. open. it didn't wrap up until after 10:00 p.m. on the east coast. that's about 3:00 a.m. for where joe is right now. we did see a heck of an ending jordan spieth winning after dustin johnson missed a birdie putt on 18. it was a three-putt in the end and he could have tied it if he made that putt and continuing in an 18-hole playoff. but instead, spieth wins his second major in a row early in the season. >>> the top story, the market's in rally mode on prospects of a greek deal. check this out, in germany, the dax is up by 3%. the cac up by an equal percentage point. the ftse up by 1.25. and in greece putting it back at 750. greek prime minister alexis tsipras will be meeting with the e krb ecb and the imf. so far the greeks are talking about concessions saying that they would not take. we'll have more from michelle about carebrera. take a look at what's been happening here in

eastern with brian sullivan. "power lunch" has an all-star line-up including pimco's scott mather and bill groce of janus. that leads to fed chair janet yellen's news conference at 2:30 eastern here on cnbc. let's get to the chart of the day. steve grasso begins his tv walk. you're looking at the s&p and whether it's about to break out or break down, steve. >> that is correct, simon. if you look at this chart right here, this is the last time over here we had a break of the 200-day moving average. and i said i wasn't going to do that but i got right back. this is the last time you see the break of the 200-day moving average. this is your 200. this is your 100. so if you see this, this hasn't happened. prior to this it was about almost a two-year event before we saw this break. what's happened subsequently after that is this. you see a lot of congestion in the charts right here. we've broken, this the 100-day, nine or ten times. depending on how critical you are of this break. prior to this underneath the same ter

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is off today.re has been a big rebound after declines yesterday. dow close to triple digit gains this morning. 96 points. they had their weakest day in a month yesterday. let's take a look at s&p futures. the nasdaq up by about 21.5 points. >> haven't got any new pictures from joe on his european vacation. if you're watching send them in. >> i hope he's not in an uber. >> i was told by the producer we do have them. >>> meantime here's what we're watching this hour. the takata ceo says the internal probe not progressing. the embattled ceo apologizing saying he wants to see the crisis through. this as millions of cars continue to be recalled. >>> and the supreme court set to issue decisions on some major cases as early as today on same-sex marriage. they will decide whether to make it a constitutional right or uphold state restrictions that bar same-sex couples from marrying. then on obamacare, the court could repeal part of the law that takes health insurance coverage away from millions of americans

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. >>> business before the bell with cnbc's brian sullivan. what's going to drive the day?ike pimco and tiaa cref fitbit wants to go public, $14 to $16 per share. going right after perhaps the apple watch. and pinterest is going to launch a buy now button so not only do you like stuff on the social media website, let's say a recipe or whatever it is you are able to hit a button buy all of the ingredients in et recipe, buy the stuff that you see that you like. direct commerce perhaps for print treft. as a private market valuation north of $10 billion. >> whoa! >> interesting concept. >> $10 billion. >> pinterest is great. >> cnbc's brian sullivan. >> i put all of my favorite dresses on pinterest. >> you do? >> if i see a bracelet or necklace i like i go -- my pinterest page is awesome. >> adam carolla on dad shaming, next. you are looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used 1% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to

with brian sullivan. special coverage including a great lineup.hat leads up to the fed chair's news conference at 2:30 p.m. eastern time. >>> fedex reporting earnings below forecasts. the fuel charges weighing on results. the company's guidance in line for the current fiscal year. it's been called ho hum. it's a messy quarter. a bunch of charges for various things. >> there are people who work with me before i come over and i task them to read a release and tell me what it really says. nobody could. this is one of the hardest quarters i have seen in terms of constant currency, where are they really? i know the u.s. is doing well. if people want to know how this business can be difficult, read that release. fedex is usually a lot cleaner and the idea the stock would be down 4, those are people more clairevoyant than i am. the release is to obtuse i found myself thinking i have to wait until everybody speaks about this. you can't make a judgment from that release. >> ground volume up 5. revenue down because of these fuel surcharges. >> the fuel char

hi everybody, i'm brian sullivan. melissa lee is also with us.e last hour we saw selling pressure in the market. >> there's been adeterioration. we're close to session highs. overnight the bond yield the ten year bond yield hit 2.245%. there's a notion people are stepping into the bond market. also volatility across asset classes have been high. when we take a look at news we've seen recently in commodities whether it's oil or metals and the dollar and bond market we haven't seen it creep into the stock market and that's what we're seeing today with the s&p down by .9%. >> what i'm seeing is wheat super. lumber. and zinc. pretty much everything else is down. let's bring in founder and ceo of kkb. anything you're hearing from the traders as to why -- listen the markets aren't tanking but we're down 1%. what's going on? >> we're seeing emotion and volatility. even this morning imf suggested to the fed that we hold off on raising rates. a lot of folks would arguably say here on the floor in chicago too many cooks in the kitchen. treasuries are being

tyler is out today but brian sullivan is standing in. >>> deal or no deal. greece unveiling a new reform plan but will it be enough. will greece meet its debt payment deadline. >>> the dow valleying trip inging inging inging rallying. >>> josh brown said it is a win-win for swift and apple. we'll dig more into the story that's can't vapting the music world. i guess you could say there's no more "bad blood." >>> home sales surging. we're starting to see a very bullish sign emerging from the american housing market. we'll explain what we mean. >>> drama unfolding in greece. a very fluid situation with the debt stricken country unveiling a new reform plan in exchange for more cash. chief international correspondent michelle caruso-cabrera is live in athens. give us the latest there, michelle. >> reporter: latest are one, we got a big protest going on behind me. these folks are pro-europe. they very much want the government to come to some kind of deal that keeps them as a member of the european union. they're fearful of being forced out of the euro. right now w

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is out.ed vacation this week. unfortunately for him, he probably didn't catch the end of the u.s. open. it didn't wrap up until after 10:00 p.m. on the east coast. that's about 3:00 a.m. for where joe is right now. we did see a heck of an ending jordan spieth winning after dustin johnson missed a birdie putt on 18. it was a three-putt in the end and he could have tied it if he made that putt and continuing in an 18-hole playoff. but instead, spieth wins his second major in a row early in the season. >>> the top story, the market's in rally mode on prospects of a greek deal. check this out, in germany, the dax is up by 3%. the

i'm brian sullivan.g up at the top of the hour facebook shareholders are about to kick off their annual meeting. we'll give you the three key things to watch coming up. >>> also we're breaking out the stock picker's handbook with new investment ideas for you. >>> the ceo of one very well known french company is channeled victor hugo in a big way. we'll explain. but first, back to mandy and tyler. >>> time for the power rundown. michelle caruso-cabrera is here for the fun today. a nobel prize winning scientist in london not just making girls cry. he's making everyone cry and he's out now. tim hunt basically saying women should be separated from men in lab work because you fall in love with them they fall in love with you, and then when you criticize them they cry. this man is now been torched by a bunson burner. >> he's 72 years old and he's out of a job. my first thought was didn't your grandparents say things at the thanksgiving day table that made you wince? he's older. it is a different generation. >>

i am brian sullivan. dow is down right now four points. not a big move for stock market overall.re a lot of stories out there. we begin with health care because until a few minutes ago our top story was the supreme court upholding obamacare subsidies effectively upholding the president's health care plan itself. but now there is new information on possible deal activity in the sector as well. let us get right to the breaking news desk. dom chu. >> to bring you and everyone up to speed on what's happening with humana shares they are currently up by 7.25%. $197.58 the last trade there. about 4.3 million shares have vaded so well in excess of the average daily full-day trading volume of humana shares. headlines that bloomberg is putting out right now that humana is possibly close to a deal to be acquired by competitor aetna. now the interesting part about these headlines is that they imply that cigna, another large health insurer, had also made a possible bid for the company as well, but that the board of humana favored the deal from aetna. it go eses on to say deal talks continue r

i'm mandy drury with brian sullivan because tyler is off again today. >>> instead of worrying about greece, maybe the global markets should be looking to another country instead? that's just ahead. >>> netflix a huge stock split. the stock is up facebook at an all-time high. yahoo! not the case at all. >>> money and marriage. new information today on how honest we are, what we hide and how we do it. are you really 100% financially faithful? we'll discuss. >>> we begin with the ongoing drama in greece where stalks have been under pressure here in the united states after greece's latest reform plan was rejected by some european lenders. a key sticking point -- increasing uncertainty as greece fast approaches the june 30th deadline. the dow is down by 121 points right now. >>> cnbc's steve sedgwick is live in athens. steve, what are you hearing now? what's the latest? >> reporter: well mandy, i think the brilliance of the markets were taking on at the start of the week when they thought they had a deal was a little bit too much. we thought there were just a couple of sticking points between t

i'm mandy drury but brian sullivan is standing here for the first hour and the second hour of "power lunch." >> is it's already been a volatile day on the street ahead of a two-day fed meeting. the latest greek debt faux fail but we are well off session lows. >> the dow has been down as much as 200 points but -- we're still down by triple digits but down about 100 points. we've cut that deficit by about half. it really is a case of bad and the least bad in today's trade. let check out the ten major s&p 500 sectors. industrial and technology the worst performing sectors. as for what the best performing sectors, you've got health care one. one of the reasons for that is over the past hour we did get some reports that anthem has made a taker of a bid for cigna which is now at all-time highs. cigna has apparently to the reports rebuffed that takeover bid but we'll get more details with bob pisani in a second. health care has popped its head into the green. but one stock that's been really crushed in today's sell-off u.s. steel. down 4.7% as we speak. about 12% to the downside so far this

i'm brian sullivan. mandy with us again. right now the dow is up a stunning 17 points.higher by more than a percent and a half about 61 bucks a barrel and gold is lower right now to the tune of 8 bucks per ounce, but we kick things off with a big housing alert and this has to do with all you renters out there and not only are there more renters in america but rent prices are on the rise almost everywhere across america with some areas seeing double-digit gains. let's get right to diana olick with more on housing and a side we don't talk about a lot. >> no we don't, brian. look. here's a number for you, $4,000 a month,y that the asking rent on that house. we tend to think as rentals as mostly apartment buildings but less than half of all rentals today are. apartment construction is booming but so is demand and that is pushing rents ever higher. nationally rents in may were up 4.3% from a year ago. we told you last week on "power lunch" that this was due to record occupancy in apartments 95.3%, according to axiom metrix and zillow is breaking down the rent rise. take a lo

i'm brian sullivan. both tyler and mandy are out today. >>> we have a volatility warning for you on this friday. buckle up the next three hours could be bumpy. we'll tell you why. >>> by now you know the supreme court has legalized same-sex marriage nationwide, a big win socially but a big win for business, too. >>> a time check on the apple watch. is anybody really buying it or is this big-time product in trouble? kayla tausche live at the new york stock exchange. but we'll start with buy today could end up being one of the busiest trading days of the year. volume ubl expected to surge in the final few moments of trading because the russell indexes go through their annual routine of adding and removing stocks. big russell rebalance. is there a way for you to invest in this big of mo laterve later today? jim yurio, we got three hours to go now. i guess you have to be a short-term trader to try to make money on the russell rebalance. should anyone even try? >> i think the answer is somewhat complicated. i

sullivan will have an update coming up. leon: a story that is official for us to tell you about -- special for to us tell you about. 5.5 years ago brian was an honor student at the university but he requires around-the-clock care. now an endurance athlete from northern virginia is taking wheels two oceanside california to annapolis in 12 days to help raise money for his care. >> while frank pedals and pushes his limits. >> i hate to bike. >> he and his father will continue to chart their course. >> push through. push through. trying to piece ryan's once promising life. >> his very last at-bat was a home run. >> back together. >> my main goal is keeping ryan relevant. >> a little over five years ago. he was beaten up by a couple of guys and basically left in a vegetable. >> he has been diagnosed as minimally conscious, which means the basic level. >> for frank, ryan's story hits home. nice family. they went to w.v.u. i went there as well and i thought how easily that could have happened to me when i was there. >> so this endurance runner is going to the extreme for ryan. >> race is 3000 miles from oceanside california to annapolis. in