brian sullivan, thank you so much.preciate it. >> you're welcome. >> coming up next is robert mueller ratcheting up the pressure on trump's inner circle with his indictments. is he inching closer to an interview with the president himself? that's when we come right back. beyond is a natural pet food that goes beyond assuming ingredients are safe... to knowing they are. going beyond expectations... because our pets deserve it. beyond. natural pet food. you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> it has been a dizzying week for anyone following special counsel robert mueller's investigation. it is worth taking a look at where things stand. so far five people have pleaded guilty. most

. >> brian sullivan said the market likes to test new fed chairs guess what, well, today was a prettyig test. you are probably going to continue that test in the weeks to come. to tim's point there is no way you can't say the fed is behind the curve. it's pretty obvious to me. one other thing -- i've been trying to figure out this deutsche bank thing for some time it was down 8.5% today one thing i have noticed as volatility creeps up deutsche bank creeps lower. bk discussed this. they are the largest derivative spoke on the planet. is that lurking in the weed. the dax hasn't traded well for a week or week and a half. >> i don't know how we can say if the we look back in december the fed was perplexed as to where the inflation was coming from i don't think you can say they are definitively behind the could have been. a new chair, he has a wider berth. maybe he sits on his hand more than yellen off. >> i'm not sure why we are getting out of shape a year ago the fed was wondering if they would be able to create inflation again. yes, the market has to re-establish itself. it has to reval

. >> doing my best brian sullivan van. we're at the board. >> and the oils now 765, up 182 from a year ago. we've been teetering back and forth. add and subtract a few but the addition of six is on the higher side with production topping 10 million barrels a day. with production still rising, a lot of weight on the shoulders of demand trends to pull through. back to you. >>> sunday is a huge day for domino's as americans will order millions and millions and even billions of pizza while watching the super bowl but june 30th is also a huge day for the company. and that is when ceo patrick doyle steps down what is next for mr. doyle and the company? and we continue to watch the markets. a big selloff on wall street now 380 points may not be what they used to be. but it is still a lot. ise dow down more than 700 point th is week "power lunch" returns after this so a few years ago, me and my wife were actually saving for a house. but one day we were sitting there and we decided that, you know what? something needed to be done a

cnbc's brian sullivan joins us ahead with a look at who are the people getting rich off gun massacresup next, a lot of developments over the week end in the russia probe. we'll bring in two members of the house intel committee when "morning joe" comes right back. whatever you're doing to stay healthy... there's something you may be missing. a key part of your wellness that you may be... overlooking. it's your eyes. that's why there's ocuvite, from bausch + lomb. as you age your eyes can lose vital nutrients. ocuvite helps replenish those nutrients. ocuvite has lutein, zeaxanthin, and omega-3. nourish your eyes to help them be their healthy best. ocuvite eye vitamins. be good to your eyes. like you do sometimes, grandpa? and puffed... well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung func

. >> here with more, brian sullivan, co-anchor of cnbc's "power lunch." the largest employers in georgia. how big is a $50 million tax break and account lieutenant governor actually pull that off? >> wow. i'm confused as a lot of people are out there. you have the state senator or lieutenant governor saying reimplement the discount. delta saying we don't want to do anything because we don't want to take a stand. but by eliminating the discount you are kind of taking stand. someone, get me a drink. anyway, call it a $40 million to $50 million tax break, you do the math, it is a couple of percent. this goes to any airline, a jet fuel break. so most of it goes to delta because they are based in atlant atlanta. biggest airport. 180 million, the number of passengers that delta flew last year. nra has 5 million members. i think you said it best going into the break. georgia needs delta more than the other way around. >> a tweet from the newly-elected governor of virginia where he said hey, delta, virginia is for lovers and airline hubs. you're welcome any time.

brian sullivan at hq. >>> let's get over to seema mody. >> european stocks wrapping up february withir worst monthly performance since june of 2016 which you may remember, that's when the brexit vote took place. look at the markets, the individual markets you see the major european markets are down including germany with 5% decline for the third negative in four months. london ftse, down 3.5%, paris down 3% for the month. stocks unable to post gains despite the euro and uk pound each posting monthly decline against the u.s. dollar. though we have some green to show you, italy among the few european markets up year to date, helped by a double digit rally in the italian banks which have remained somewhat resilient amid uncertainty surrounding the upcoming italian general election on sunday there you go italy and banking shares outperformed we finish with a pair of two stock stories out of germany adidas says growth in china and north america boosted sales in 2017 flip side, bayer, fourth quarter profit due to hit from u.s. tax reform and weaker sales. that stock down about 2% guys, bac

. >>> i want to get to brian sullivan >> you flow, it's interesting.s past, when there is conversations about increasing the difficulty of obtaining a weapon or limiting certain weapons, we have seen gun stocks rise the idea being that if there is concern people go out and buy more that is not the case now this is a very different situation than what we've seen in years past. look at the two gun stocks and the biggest ammunition company you have american outdoor brands, that is formerly known as smith & wesson. that stock is down you got sturm ruger. that stock is down vista outdoor maybe less well known but that is a maker of a lot of things including some of the leading bullet companies like federal premium and spear they mike bike helmets as well but they make a lot of ammunition so we're seeing sturm ruger, the company formerly known as smith & wesson down a number of percent. vista is down 1% as well so a different vibe in trading reaction than we've seen in years past that may be indicative of a different social movement going on right now, guys

brian sullivan said this a few weeks ago on our show. the market tests new fed chairs.hink about it when the fed chair took over, i think it was on a monday, think about the day we saw that day. down 1,000 dow points, obviously we had a crazy week that week. i'm looking to hear how hawkish this fed will be i don't think they could thread the needle as neatly as the market wants them. yes, fundamentals matter, but right now i think fed speak and inflation data are going to dictate where the market goes. >> guy, you're likely not the only trader out there thinking the same thing thank you. >> i'm not the only one, but i'm a fun one, let me tell you something. >> you are a fun guy a guy that we love guy ada ma ashgadami, thank youh thank you very much for joining "worldwide exchange. >> later, team. >>> shares of lending club were down big after the company reported their results landon dowdy joins us now with more >> good morning. shares of lending club are on the move following weaker than expected fourth quarter results showing operating expenses rose 52%. they posted a

i would submit, and brian sullivan said this to me earlier, that the markets were in turmoil yesterdaytill in turmoil today obviously, we closed higher, which is a good thing for 99% of the populous >> turmoil to the upside, i take your point pete, we talk about what's been happening with the nasdaq, but actually it's kind of held up relatively well. it's interesting, and this theory has been floated in the last couple of weeks, but is big tech the place to go to hide is it becoming defensive >> i've hated the term defensive or a place to hide but i would say, if i look at the valuations in the marketplace, there are certain areas that have maintained a fairly low valuation level and they've got growth and we already know that from some of the earnings we've already heard. when you're talking about big cap tech, apple or google or microsoft, all those kind of names, they're great names and trade, in most cases, at low valuations they've gotten incredible also of cash. it's not defensive to be in those names but you see rotations happen in the market all the time we've seen that for the

cnbc's brian sullivan joins me now and brendan greely back with us. ple as investors purposefully buying stocks in gun manufacturing companies. walk us through how this works. >> it's not as simple. here's the reality, if you're a gun stock, smith and wesson or vista outdoors, they get put into indexes. then those indexes are turned into index funds or exchange traded funds. in other words, instead of buying a stock, you buy this index fund. i'm trying to keep it simple. here's what happens though. a lot of pension funds will say we're not going to pick stock, we're going to buy etfs because they're low cost and easy and everything. the problem is when you do that, you're buy everything in that etf. so maybe inadvertently the teachers retirement systems of texas of new york, of florida, retirement systems in pretty much every state, own a gun stock. they may not have chosen to own it, stephanie, but they own it in directly. we're talking trillions of dollars of total assets. even if you don't think you own a gun stock if you own an index fund, you prob

about and sitting down with athlete and broadcaster tim tebow about his leadership lessons i'm brian sullivaner lunch begins right now

brian, thank you for that i have a feeling we'll be talking about this more as the week unfolds brian sullivan >>> sticking with social responsibility, big tech is under pressure for the role in spreading fake news and manipulating user behavior we're joined by two former insiders at companies taking center stage in this debate. facebook and google. a fellow from new america foundation and former facebook privacy and policy adviser and james williams is a former google strategist employee and time well spent co-founder james, i want to start with you. first of all, thank you both for joining us james, i want to start with you. certainly the news, the content consumed on many of these big tech companies platforms including the ones that you worked for coming under fire this idea of whether this news is variable, how to make it so you've been studying this as a doctoral candidate at oxford what can the tech companies do to address this issue and do so without completely upending the business model >> well, i think the thing we ought to demand is the upending of the business model. what we're see

i'm brian sullivan your traders on the desk tonight are pete najarian, tim seymour, dan nathan, and guy adami. tonight on fast, we are all over the after-hours movers, disney, gilead, snap, and chipotle all reporting numbers hoemts ago. their conference walls are underway as we speak we will bring you the details as they break. >>> plus he has been sounding the alrm on the ticking time bomb in your portfolio volatility as it rips through stocks. he will be here to tell us what he sees happening next. >>> how is your neck feeling if you felt whiplash today you are not alone, it was indeed a katy perry market. hot and cold the dow traded in a 1,000 point change here's how this turn around tuesday went down of the we began with nerves high the dow dropped 500 at the open. boom buyers stepped in. and we shot up 400 points at the blink of an eye. then volatility and negativity again. and then it went to the bulls. the dow closed up over 500 points guy adami. welcome again. >> i'm here all week >> is it safe to go back into the market obviously some people thought so today. it was in many way

i'm brian sullivan you're watching "fast money" on cnbc, first in business worldwide. in the meantime, here's what else is coming up on "fast." >> city get back in there at once and sell, sell. >> sounds like what investors have been doing of late but the stocks are flashing a bye signal we'll give you the names plus, bitcoin investors are breaking up. and the key event this week could be the make or break moment for the cryptocurrency. we'll tell you what it is and how to profit when "fast money" returns. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley hey, need fast try cool mint zantac. it releases a cooling sensation in your mouth and throat. zantac works in as little as 30 minutes. nexium can take 24 hours. try cool mint zantac. no pill relieves heartburn faster. oh! there's one.a "the sea cow"" manatees in novelty ts? surprising. what's "come at me bro?" it's something you say to a friend. what's not surprisin

that's right, kelly, live from the nasdaq market site overlooking new york's times square i am brian sullivan in for melissa. traders, pete najarian,guy adami, item item and dan nathan. tesla reporting moments ago. the stock very volatile after hours. right now down just a bit. we will be all over the after hours action and bring you the latest. >>> plus, something is happening with stocks and bitcoin that has never happened before. and it could spell more pain for stocks ahead wells farg o''s top strategist has a big and scary call that he is here to explain chris harvey is our guest. >>> just when you thought it was stave to go back into the market the market taking investars on ride again it surged 400 points but the last few minutes a different story, stocks getting crushed losing 300 points in 15 minutes of trading the cause, potentially higher rates. folks, it looks like we are going to need a bigger boat, or a bigger bank account. the ten year yield surging past 2.85%. which weighed heavily on the market today with 1,000-point swings in a matter of moments, the type of volatility we ha

last wednesday brian sullivan said the market has a way of every new fed chair. you think about that his first day in office today, mr. powell think about what happened friday, obviously what happened today. this is, in fact, that test brian spoke about. i don't know if he views it that way or looking to pass or fail a test, but that's clearly what's happening. quickly i'll add one more thing. the level of complacency and tim has been speak being this for week, relative strength index -- you've written about this -- reached levels we haven't seen - >> 22-intraday on the s&p which takes you back to november of 2016 and n ekt doelecdotally, do witt you want, but i spoke to a lot of people today in the wealth world, they're very excited. i'm not sure it's time to be excited and buying that dip that everyone's been waiting for. people have been saying, what am i going to do when i get that pull itback. you got it are you ready to buy here? what are you going to buy in an environment that i think is still very fragile >> by the way, before we go, would you agree, if t

about and sitting down with athlete and broadcaster tim tebow about his leadership lessons i'm brian sullivan and power lunch begins right now >> brian, thank you and welcome to power lunch i'm tyler mathisen big rally. the dow soaring triple digits. it would help the nasdaq avoid the first four day losing streak since november of 2016 now brian talked about the treasuries yields pulling back just a little bit. let's see where they are right now. the 10 year note at 2.91 that's down just a bit results of a 29 billion dollar auction just moments away. could be a market mover. sometimes they are sometimes not so much. most stocks are up but these three are down seriously roku plunging, missing profit. 17%, man you don't like any part of that. you don't want any part of that. missed estimates, guidance wayfair. it says tanning. wayfair's not tanning, that would be tanking down 20% the company reporting a wider than expected loss and pandora taking a hit music streaming service also posting a wider than expected loss despite the fact that i was listening to it this morning. >> thanks. let's get m

. >> bill, it's brian sullivan is it possible that walmart is overestimating its capacity to do wellis, if you go to walmart stores, as i have extensively, it's an outing. families go there. it's a saturday afternoon thing. you have the kids in the toy department or sporting goods it's a place you go as a destination. you often see entire families in there. is it maybe that they're not reading their customer base correctly? >> well, i think they are. they're very good. they have the most data any company could have on their customers. so they're trying to do two things a the same time they're trying to deliver that experience that you talked about. and that you see and they're doing that actually very well, which is why their same-store sales are growing it's expensive both in labor and in margin to continue to do that. at the same time, they're trying to convert as much business as they can into their digital platform because that's where the customer is headed that's also expensive. so those two double pressures, as they try to do two things at the same time, is really what's putti

i'm brian sullivan the second half of "power lunch" begins now >>> welcome to "power lunch.arkets are coming back. sitting near session highs after opening lower for the dow 150 points right now it's up nearly 180 points three-quarters of a percent. 24817 is where the dow is now. s&p higher by 31 points, a gain of 1% and the nasdaq higher by 1.5% or 109, almost 110 points back above 7,123 the ten-year yield on the move interest rates moving. ten-year yield hitting 2.911% earlier in the session that's the highest level since january of 2014. now it's at 2.90 that jump hitting the real estate and utilities segments which are most sensitive to interest rates you can see the real estate lower by three-quarter of a percent and utilities as well. the move helping banks the kbe on pace for the best day in months. zions, morgan stanley and sun trust with gains between 3 and 5% retail seeing nice gains fossil, signet, under armour, williams sonoma and target are the leaders. a gain of 75%. >> look at the retailers this and other topics with mike santoli and bob pisani you have been l

thanks to brian sullivan at hq today. >>> announcement from world congress on the future of mobile payments fortt is there in barcelona and joins us with more good morning, jon. >> reporter: good morning, carl. it's not fantasy anymore it's not something that's coming five to ten years from now it's really here i spent some time with these europe ceo going through some of this now that we're blanketed in wireless signals so many places, now that so many objects have chips in them, this is really become more of reality now, viasat working with automakers like bentley to build payment technology into those vehicles also working with alianz, garmin and fitbit, being built into jewelry as well. and it's being built into train stations, now the london underground has it, potentially coming to new york the technology where you won't need to have a ride card, you'll be able to use your phone or just a card with contact. take a look what charlotte hog kbr g had to say about the process. >> if you haven't paid, it will stop you what's really funny about this for us is that we haven't had to change t

partners with walmart will join us for a look at the new fight, the battle for your front door i'm brian sullivanit up "power lunch" begins now >> welcome, everybody, to the second hour of "power lunch. i'm tyler matheson glad you could join us let's check on the markets stocks swinging between gains and losses the dow traded in a 260-point range. remember when that was so odd a year ago now it is common place now you see the dow industrials are up 55 points s&p 500 higher by 13, a half percent. nasdaq up three-quarters of a percent to 7385 and change >>> united technologies is the dow's main leader after scott wapner reported bill akman has taken a stake in the industrial giant. let's look at some of the movers now. lowe's sinking while etsy is soaring up 23% on a good report. c c c celgene down g.e. once again the worst performer on the dow continuing its decline, down another 2% at $14.20. >> thank you very much as we close out february stocks are modestly higher in what's been a volatile session. can we expect more volatility to come as we start march let's bring in bob pisani and ron insana

that's right, kelly, live from the nasdaq market site overlooking new york's times square i am brian sullivan, pete najarian,guy adami, item item and dan nathan. tesla reporting moments ago. the stock very volatile after hours. right now down just a bit. we will be all over the after hours action and bring you the latest. >>> plus, something is happening with stocks and bitcoin that has never happened before. and it could spell more pain for stocks ahead wells farg o''s top strategist has a big and scary call tha

difficult -- how are they going to thread the needle they did a masterful job for seven years, but as brian sullivanaid, the market tests new fed chairman his first day was monday down 1,000 dow points >> right >> they'll test him into this year, into the spring, and it's interesting to see how it plays its out. i'm of the belief, and kelly knows this, i'm not a fan of the fed. i'm on record saying that, and i'm hard pressed to believe the exit strategy they perceive to have will, in fact, be market friendly >> up 43, 41 points on the dow now. ian, let's say we breakthrough 3%, could happen any moment now, you mentioned this is a lot of kind of quantitative selling off because equities look less attractive may be the case for the trading session today or tomorrow even, do you think that's the case for the year, though do you look back, like, it was good news, good economic news, it was strength, not a big deal for stocks >> know me i love bill, but i could not disagree more. it's not related to inflation. it's fears of the u.s. government and deficit yes. when i think quantitative funds do not see i

on m&a in this area >> all right see you in a few minutes >> sounds good >> let's get over to brian sullivan update. >> here's what's happening at this hour. president trump tweeting this morning that he will be strongly pushing for more comprehensive background checks, raising the age to 21 to buy assault-type weapons, and ending the sale of bump stocks. this after meeting with students and parents who were gun victims at the white house yesterday afternoon. >>> the spacex falcon 9 rocket was launched earlier this morning in southern california carrying a spanish radar observation satellite called pause. it makes radar images of earth for government and commercial purposes meantime in syria, hundreds of people gathering in the main square celebrating the arrival of pro government fighters they're there to defend it against turkey's military operation that has been ongoing since last month >>> and hundreds of angry air france staff demonstrating at the headquarters in paris amid a strike over pay that has grounded flights the airline saying that half of its long-haul flights departing from p

kudos to brian sullivan. i don't think it has anything necessarily to do with rates going higher i think what it has a lot to do with, finally good news is bad news that's a fundamental change in what we've been seeing. >> 400 points down gabriela, if i have fresh money, should i be nibbling at domestic markets to buy >> it's always about the starting point, right? then definitely adding even in the u.s. would be something we would do, given that fundamentals haven't changed, but if you're an investor, that's already very concentrated in the u.s. market per se, we would definitely be adding much more to europe, even to latin america, right there's a lot of good stuff out there. investors are still underestimating the strength. >> guy adami, thank you, and i'll be nice to you on "fast money", but jeremy, listen, my friend and frequent skit hire scott mine ar of guggenheim sell bull markets don't die of old age. they're shot in the head by central bankers. i understand your point, i hope you're right and that w

i'm brian sullivan second half of "power lunch" begins right now >> welcome to "power lunch." i'm michelle caruso-cabrera. stocks turning lower in the last hour after special counsel robert mueller indicted 13 russian nationals with interfering in the 2016 presidential election. however, stocks rebounding when deputy attorney general rod rosenstein said the interference didn't actually change the results of the election. industrials higher by a third of a percent. the s&p higher nasdaq flat, higher by four points for more on the indictment, we bring in eamon javers. >> thank you the news is moving very quickly here the special ounsel's office ha just released additional information. this time, a guilty plea from a man named richard panedo they are saying he is pleading guilty here to identity theft, to being involved in an identity online scam. it's not clear from the initial documents that i have just read in the past few seconds exactly how richard panedo would be connected to this larger russian indictment that we have just seen from the special counsel's office in the last

let's bring in steve liesman to dig deeper on this one >> i want to give everybody a warning that brian sullivanhe point of this next presentation. he'll have his opportunity afterwards a very fickle relationship in this turmoil between bonds and stocks the rising yields, as you heard from mike and bob, is seen as a top reason for the selloff, but not today. today, they're running in lock step here's the decline in yields and the decline in stocks. yields have fallen off along with stocks. then something of a bounceback, both together. now look at this chart this is why bonds are being blamed for several months, yields crept higher and stocks said i don't care they surged along with them. but at the end of january of january, use your phrase, the marriage was off, they had a split. whatever you want to call it yields shot up, stocks shot down this could be random or could be that the market got spooked by treasury supply from adding spending, higher deficit from there tax cut, and the fed reducing its balance sheet >> not just reducing its balanc sheelt, it's not buying fresh stuff. how much is

will no longer sell assault-style rifles brian sullivan has been following this story for us for now ng brian, what do you make of this? >> reporter: well, i would say it's the first really big move by a major retailer, andrew. walmart stopped selling this stuff years ago but that was not in response to anything. we were saying this was an emotional decision they had seen and heard these kids from parkland, they had seen and heard the cry and they are making a business decision based on that emotional reaction, but here's the thing they're not stopping selling guns they're still going to sell most type of guns, although you've got to be 21 years old to buy them they're going to stop selling the modern sporting rifle and the attachments. the ar-15 style guns we'll see how the market reacts. the nra has about five million members, maybe 4.5 in the united states there's 180 million teenage and adult consumers in the united states when you just simply look at the numbers and if people choose a side, maybe they're just going with the side of the numbers as well. >> brian, dick's wasn't sel