joining me now, cnbc's brian sullivan. n, i guess the report not a great start for the trump administration, but is it as bad as the headlines might suggest? >> reporter: no. in a short one-word answer, chris. i'll tell you why. okay. do we grow very slowly? yes, we did. slowest growth for a quarter in three years. we get that. however, it is seen primarily as because of a drop-off in consumer spending. some of which may be temporary. the first quarter is always this weird quarter because it follows the holidays, people are a little bit short on cash. it's the always the anomaly quarter for gdp that we get as our own steve liesman as cnbc pointed out. here's the thing, too. home sales are very strong. car sales are very strong. so, if people are buying all these big-ticket items, homes, cars, those take a lot of your money. it may not be a surprise that so-called traditional retail might see a bit of a hit. so the stock market probably going to fall about 40 points today. overall we're up nearly 2% for the week, chris. the

i'm brian sullivan. scott is off today. we'll see you at the top of the hour. carl? >> all right.'t wait. thanks for that. let's get to the cme group and check in with rick santelli. >> good morning, carl. you know, as i look up on the board, we have triple digit gains up over 110 points on the dow. i look over at treasuries, i see 223 down one basis point. we settle wednesday at 224. thursday pretty much the same. closed friday. so what does this mean? we know that there's technically significant areas investors have been paying attention to. i specifically had a pretty fine point on the pencil. the sentiment for 2015, 2.27 takes us 11 months of 2016 to overtake that level. i think that's significant. but what does it mean now? as i look at some of the data, especially some of the daya ta released on friday when traders were not on trading floors and markets were closed, i saw cpi negative headline number. everything was pretty soft regarding cpi even though some of the year over year levels still held onto their 2% handle. 2% being the fed's arbitrary but inflation target. retai

i am brian sullivan. buckle up. we have a big hour for you. on your guest list, mick mcguire. doug sefu. we also speak with wolfgang schauble, wilbur ross and mario longhi. your lucky traders today, we're going to hear from all of them in a bit. we start with a big cnbc exclusive. leslie picker scoring a big interview with mick mcguire who is on the attack against buffalo wild wings. >> that's right, brian. mercado reiterating their four nominees and also calling for the resignation of the ceo, sally smith. mick mcguire is here with us live from san francisco. he's the founder and managing partner of marcato. mick, you've been invested in this stock for about a year. what was the catalyst that you determined made sally smith a problem now? >> we have been invested in the stock for over a year at this point. we've been involved in very active conversations with the board and the management team throughout that entire period of time. and we've clearly reached the point that we have the view that the status quo is simply not working. at the annual meeting in six weeks, the shareh

brian sullivan. "power lunch" starts right now. >>> and welcome to "power lunch." i'm michelle caruso-cabrera. checking the markets, s&p 500 and the nasdaq higher, not by a whole lot. shares getting high since late last year. lower by nearly 5% on the back of earnings. it's not all bad news, however. shares are surging. chipotle over a one-year high. let's get back to the big market story that as brian moated check out the s&p 500 over the last two months, flat, after a very hot start to the year. so what is taking the air out of this market? bob pisani is going inside the numbers from the floor of the new york stock exchange. bob, what happened? >> reporter: good to see you as always. there's a dangerous uncertainty for stocks. fiscal reforms are being pushed out. the hohn y moon's over on tax cuts and less regulation and infrastructure spending. the president said he was working on tax cuts yesterday. the market ignored him. weaker data to the consumer price index to the producer price index, econo

so i asked brian sullivan, are they crazy? are you crazy? we know that. >> that may be true.isten, this could be a multi -- i don't even want to say multi billion dollar deal. russia had called this a $500 billion bill potentially with exxon. what we're talking about is drilling in the arctic. so what exxon wants to do is form a joint venture with russian companies, primarily the russian oil and gas company, to drill in the arctic. tens of billions at the minimum $500 billion is the russian top line number is what it could be worth. it's extremely expensive to drill for oil and gas in the arctic. it's cold, the ground's hard, it's difficult work. they need exxon's capital. exxon would like to have access to that land. so from a business perspective it seems to make sense to ask for the reduction in sanctions. politically as soon as the news broke yesterday on cnbc we were like, hey, i can see this being a bit of a political firestorm. i have a feeling i'll be on "morning joe" tomorrow and here i am. >> and exxon's argument is the sanctions weren't as tight and european oil co

i am brian sullivan. buckle up. we have a big hour for you. on your guest list, mick mcguire.oug sefu. we also speak with wolfgang schauble, wilbur ross and mario longhi. your lucky traders today, we're going to hear from all of them in

. >> let's get over to brian sullivan and the half. >>> welcome to the "halftime repor report". scott's off. your top trade this hour, buy or bewa beware. stocks coming off two weeks of decline. the declines may not be over. with us for the hour today joe, steven, josh brown, and of course kevin o'leary. let's begin by going to some of the most pressing questions that you are facing. consider all of the things you are dealing with right now. washington disfunction, geopolitical uncertainty. north korea, first quarter earnings and everything else. should you buy or should you beware. >> trading the macro is difficult to do. we are in what is known as a time correction. we have corrected from march 1st for it to be a deeper price correction. i don't think that comes from a geopolitical event, an economic event. i think it comes from technical risk. what i mean by that is everyone hedge funds, money managers, we're talking about moving averages. so technicals right now to me are the biggest ricks. >> if you go back to february 21st we haven't moved since then. the good news is that

i'm brian sullivan. "power lunch" starts right now.

brian sullivan, stanley for us to watch for cs, examine. thank you very much. in a moment. secretary of state rex tillerson as of a few moments ago is expected to make a statement. we're going to bring that to you as soon as it begins. don't have anymore information to share right now, but the secretary of state will be speaking shortly. we will bring it to you the second that it happens. joining me on the panel today, we have cnbc senior market analyst and commentator, hello again mark santelli. thank you for coming down. >> thank you. >> and the earnings scout, ceo nick reish joins us as well, mike. so, listen, it is the story with the market depends on which index you use at. >> it does. ibm exacerbating the look on the dow. in general the market feels as if it has a defensive feel to it. definitely on its heels today after that oil price tumble in the afternoon. so i think that was one other thing. you know, treasury yields were up modestly. we saw very half hearted bounce in the morning, and i think people just don't know if, in fact, this has to be some k

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is off today.at the u.s. equity futures a strong day yesterday for the markets. major averages saw their best day in about seven weeks. you saw the nasdaq closing at another record high. this morning equity futures are indicated up once again. yesterday the good news was the french election, as far as the markets were concerned. they looked at that as a good early indicator of the polls being right for the first time in a long time. this morning building on those gains with the dow futures indicated up 43 points. s&p futures indicated up 3 points, the nasdaq up six. let's look at what happened overnight in asia. you're going to see at least when it comes to the nikkei that -- first we'll

i am brian sullivan in for scott wapner.n this busiest day of earnings season, we are going to drill down on the biggest winners in the last two months. that is two sectors, tech and health care. your traders today, joe, jim, john and pete. also co-founder of dialectic capital and joining us from the conference in chicago, josh brown. all right, guys, let's focus in on alphabet, formerly known as go

investors seem super calm and that's making cnbc's brian sullivan very nervous. >> he'll explain whysoftware to monitor drilling operations in real-time, so our engineers can solve problems with the most precise data at their fingertips. because safety is never being satisfied. and always working to be better. manait's a series of is nsmart choices. and when you replace one meal or snack a day with glucerna made with carbsteady to help minimize blood sugar spikes you can really feel it. glucerna. everyday progress. "how to win at business." step one: point decisively with the arm of your glasses. abracadabra. the stage is yours. step two: choose la quinta. the only hotel where you can redeem loyalty points for a free night-instantly and win at business. >>> people don't realize canada has been rough on the united states. i love canada but they outsmarted our politicians for many years. this has been going on for a while and we're not going to put up with it. >> mr. president, do you fear a trade war with canada, sir? do you fear a trade war with canada? >> not at all. >> why not. >>

i am brian sullivan in for scott wapner. on this busiest day of earnings season, we are going to drill down on the biggest winners in the last two months. that is two sectors, tech and health care. your traders today, joe, jim, john and pete. also co-founder of dialectic capital and joining us from the conference in chicago, josh brown. all right, guys, let's focus in on alphabet, formerly known as google, also amazon and microsoft. they are all reporting their earnings after the bell today. joe, if you had to pick one name that could be the more important one, the market mover of those three, could you identify one? >> now the market mover? amazon and google have been the market mover all year. >> is it the donkey driving the market cart? >> for someone like myself and many out there right now, you're hoping for an earnings miss so you finally get the -- >> whoa, you're hoping for an earnings miss? >> yes. >> why? >> because you want to get into these names. >> cheaper. >> you want to get in cheaper. that's the opportunity.

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is off today. let's look at the u.s. equity futures a strong day yesterday for the markets. major averages saw their best day in about seven weeks. you saw the nasdaq closing at another record high. this morning equity futures are indicated up once again. yesterday the good news was the french election, as far as the markets were concerned. they looked at that as a good early indicator of the polls being right for the first time in a long time. this morning building on those gains with the dow futures indicated up 43 points. s&p futures indicated up 3 points, the nasdaq up six. let's look at what happened overnight in asia. you're going to see at least when it comes to the nikkei that -- first we'll look at the u.s. dollar versus the canadian dollar. again, all of the things that have been happening with that potential trade war. tariffs being slapped on canadian lumber. we will talk more about that in a moment. take a look at what happened in the asian markets. the nikkei ended up by 1%. the hang

let's bring in cnbc's brian sullivan. >> do you remember that?osted a town hall meeting for top ceos. how'd that go? >> it went well. we've spoken to some of them on cnbc. at this point we've had a lot of meetings. everybody agrees we need tax reform, we need infrastructure investments. we all get that. in fact many democrats want infrastructure, republicans want infrastructure. many democrats want corporate tax reform. many republicans want corporate tax reform. here's what i'm saying. if nothing gets done on corporate tax reform or infrastructure, it is the equivalent of missing a 27-yard field goal to win the super bowl in perfect conditions. everything is there. if we don't get it done, you should retire. not the president, but the kicker. >> "financial times" front page. yesterday was equal pay day. >> women are still not -- they're still not in force in the highest levels of wall street. you could probably say that in the highest levels of any industry actually. that report focused on wall street. 22.5% of senior management jobs filled by w

. >> it's brian sullivan. we chatted in singapore and i have to admit, steve, i'm sad.'m a long time mac user and i feel apple has abandoned the macbook, the phones are great. what do they need to do to your baby, the computer side of the business? it's starting to feel a little stale. >> well, i know, we started as apple computers. the market went into a home lifestyle direction how computers let us live our lives as humans and apple neglected the computer side, the servers, the workstations went to hewlett-packard and dell over time. we ran movie editing and we're way down on the list now. i think it's time but we didn't have an independent division that had their own profit loss responsibility. everything is tightly under control. a huge company that has hundreds and hundreds of different aspects going on. so i hope that apple does reverse that because i'm a computer person. i like what computers do. the trouble is your computer is no longer in your hand. your computer is out in the data center. >> steve, you're a huge fan of artificial intelligence or ai. do you thi

i'm brian sullivan. a friday "power lunch" starts right now. >> indeed it does, everybody. welcome to "power lunch." i'm tyler mathisen. glad you could join us on a beautiful spring afternoon in the new york area. the three major averages struggling for gains this hour. as you see right there the dow down 36. the nasdaq basically gnat. still, the dow on course for its best weekly gain of 2017. and the s&p and the nasdaq both on track to close out their best week since the beginning of the year. let's check out major movers on earnings right now. colgate under pressure. mixed results there. you people have to brush your teeth more. that's the only problem. goodyear tire up about 3%. royal caribbean hitting new all-time highs up about 9% today. the company's ceo will join us later in this program. a lot to drill down on over the next hour, two hours basically. but we have an hour with mario gabelli, our guest host for this first hour of "power" we'll get his take on the stocks he likes now. he has been following all the earnings, and he's going to share his insights with us.

i'm brian sullivan. as you heard your money is making you money. today a nice rally for stocks. three major averages having their best one-day gains in months. it wiped out april's losses. once again technology is leading, the nasdaq hitting new highs yet again. financials a top performer. bopped yields go up. and here's one notable stat for you, the etf that tracks the french stock market on track for its best day since august of 2012. all right. here is what else is happening this hour. another big week for earnings as you heard melissa and the group talk about, about 100 firms already reported so far. of those 77% have topped estimates. just 16% have missed. the supreme court, meanwhile, declining to hear gm's appeal of a ruling that allowed faulty ignition switch lawsuits. investors may have expected that. the stock is little changed. and jimmy choo putting itself up for sale no potential buyers reported yet. michelle? >> i'm michelle caruso-cabrera in paris, france. thanks so much, brian. as you heard tyler say, markets are rallying today because of what happened here yeste

before we start the main event we want to get ours to our stock draft commissioner, brian sullivan explainingo work. introduce us to the team and tell us who's in this year's draft class. brian. >> thank you very much. jim and guy welcome. before we put our first team on the clock you got to know how this whole thing works. first off there are eight teams. we randomly pick the draft total on tuesday, who got the first peek? none other than mr. wonderful himself, kevin o'leary picking second technician. his team name, flash catch gourd don. alyssa sir rex tillerson. team tame alisha's angels. the fourth ladies are picking power from their hometown. you know him from fast money tim see more, a/k/a see more alpha. i see what you did there tim. since our draft is happening on the same night of the nfl draft, the man drafted by the new york giants in 1995, charlesway, team name, stock giant. and last but certainly not least the only team to bring their own outside tearing squad, two members, an drew lee and coy deallow, team name the rukt all-stars. here's how this work, they chose from 48 stocks,

i'm brian sullivan. we have a jam-packed show coming your way.et us start with the markets and your money. bob pisani is on the floor of the nyse. i saw an interesting report that the first quarter was the least volatile quarter for the dow jones industrial average in more than 50 years. the dow on average moved only about 30 points per day. it looks like we're starting the second quarter with a little more volatility. >> reporter: a little more but volume is still on the light si side. that may continue. we're down but well off the lows, brian. we were as low as 2343. earlier today. we're almost ten points higher on that. volume is still on the light side. not a lot of rush to the exits even though the market is down. what's moving the market? two things going on. number one is this battle we've got between, let's call it the hard versus the soft data between, for example, auto sales which were disappointing and the ism number which is a soft data point down a little bit but still very, very robust. that battle has been going on for a while. the

brian: give us your name and where you are from. >> i am aaron sullivan from abingdon, virginia. ian: what brought you to washington during this last week? >> i came here to learn about public service and meet all sorts of people like the chief justice of the supreme court, some senators, the president vice president of the united states.

brian: give us your name and where you are from. >> i am aaron sullivan from abingdon, virginia. brian: what brought you to washington during this last week? >> i came here to learn about public service and meet all sorts of people like the chief justice of the supreme court, some senators, the president vice president of the united states. >> i am for president -- i am from fredericksburg, virginia. i'm interested in pursuing public service through government or the private sector. i thought, what better program to learn about public service? we get the chance to come and interact with not only incredible speakers, but also each other. everyone here is very impressive and accompanist at a young age. i have learned a lot from people here. brian: who sponsors this and how did you get to be chosen? >> the hearst foundation sponsors this. i did an application for my school and wrote an essay. brian: you are a senior in your high school, going where next year? >> was likely the university of alabama, and i am probably going to study chemistry in political science. >> i haven't committ

. >> i am aaron sullivan from abingdon, virginia. brianwhat brought you to washington during this last week? >> i came here to learn about public service and meet all sorts of people like the chief justice of the supreme court, some senators, the president

. >> if you were honest, brian, you would say, until 2:00 yesterday when i came on tv, right, the stock market was doing -- sullivans what i'm talking about. >> fake news. >> look, we're still trying to digest today the new information provided by the fed in those minutes of the meeting from march. here are the bullet points that i think are the ones that surprised markets. one is the fed saying it's likely to reduce the balance sheet this year. consensus from our fed survey, some assignment in 2018, march on to june. second, possible immediate end to reinvestments, not gradual. there was kind of 50/50 in there. was the fed going to do it immediately, stop reinvesting? or do it in a gradual way? here's the portfolio or the balance sheet that we're talking about. it's $4.4 trillion, swelled from action during the financial crisis to lower interest rates and try to get the economy back on track. treasuries are 2.5 trillion, mortgages, 1.8 trillion, other, $200 billion. important here, more than $400 billion of this portfolio is supposed to roll off next year. it's a $400 billion hit. two other comments i want to ment