brian sullivan live in charleston, south carolina, this morning with that angle. over to you >> reporter: yeah, seema thank you very much. believe it or not, folks, the port of charleston one of the biggest on the east coast, soon to be the deepest is behind us coming up all day on cnbc, we're going to be going in there we'll show you all the stuff you need to see. pretty cool sights once the sun comes up here's the thing about ports is that they are really the front lines with trade everything the president and china are threatening to tax has got to come in and out of this country somehow. the port of charleston, one of the biggest import ports in the entire united states why are we here? well, perhaps unlike any other state in the united states, the port of charleston matters to its state more than any other. yes, the port of charleston -- jacksonville's important, the port of savannah is important, the port of long beach and los angeles certainly are important, but the port of charleston is nearly 10% of south carolina's entire gdp it is responsible for more t

i'm brian sullivan friday the 13th really is a day to be afraid of for stocks it's the truth we'll tellou why coming up we begin your friday with the money topic of the last few weeks. trade. last night the president surprising many people saying the u.s. may be willing to rejoin the tpp he wrote would only join the tpp if the deal were substantially better than the deal offered to president obama. we already have bilateral deals with six of the 11 nations in that tpp, and we are working to make a deal with the biggest of those nations, japan who has hit us hard on trade for years the president's tweet follows reports that the white house is looking at reentering the deal more on this coming up first here's how your money and the global markets are setting up their friday. stock futures fractionally higher you're looking at the equity markets there and the dow and futures. a couple points higher we'll see what happens a volatile run the bond market, yield ticking up a bit, 2.82% on the ten-year. that's the last trade we've seen it is early. asia was mixed japan slightly higher despite t

for "nightly buness report" in charleston, south carolina, i'm brian sullivan. >>> time to take a look at some of today's upgrades and downgrades. morgan stanley is raising its rating on m generors to overweight from equal weight. the analysts citeru infraure bill which theoretically could increase sales of pickup trucks and that could lift earnings. price target raised to $48. the stock closed up a fraction 37.83. intel has been named evercore's best idea. li they cite the valuation, vidend yield and risk/reward. the price target was raised to $60. it raised to 49.55. comericaoutperformed. they say that they're the best rising edback in a interest rate environment. price target was lifted to $111 a day. shares wereigher at$95.55. >>> still ahead, why despite all of last year's bad airline headlines the quality of service is soaring to new records. >>> the country's budget deficit will surpass $1 trillion by the year 2020 accordingew to estimates from the congressional budget office. the deficit will rise 20% from st year and that is partly because of the new tax law the d late last ye

i'm brian sullivan thanks for watching.ere's how your money and the global markets are shaping up following yesterday's incredible turnaround stock futures indicating a higher open. the dow implied up just over 100 points the bond market not moving much. the ten-year yield about 2.76% let's go worldwide it was a relatively quiet session in asia. markets in china and hong kong were closed. japan, australia, korea posting gains on the back of our late day move higher. overseas, a similar story. green on the screen. the dax is the big winner up 1.7% all the major indexes up more than 1%. here's a global look at commodities and currencies oil up a few cents overseas. the euro/dollar at 1.22. gold down to 1,329 an ounce. the crypto world is one to watch. things looking more difficult there. bitcoin back below 7,000 6,865. we'll see if that weighs on stocks >>> when we came on air this time yesterday, seems like a day ago, dow futures were pointing to a 400-point drop. fears of a trade war were weighing on the market, then the la

i'm brian sullivan i'll see you tomorrow. "squawk box" will pick up coverage next.u're looking for male customers, ages 25-54, who live within five miles of your business? like these two... and that guy. or maybe you want to reach women, ages 18 to 34, who are interested in fitness... namaste. whichever audience you're looking for, we'll find them we're the finders. we work here at comcast spotlight, and we have the best tools for getting your advertising message out there. anywhere, any way your audience watches. consider them found. 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. >>> stocks pointing to losses at the open this morning after yesterday's industrial beat down and the tech wreck we saw. full market rundown and coverage str

. >>> good morning and welcome i'm brian sullivan so nice to have you with us here's how your money and the global markets are setting up their day. the dow will open fractionally higher not the kind of morning we had yesterday. the futures up 47 points, on an implied basis, flat. we'll get more on this and your macro markets in a moment. first new details into what may have caused a southwest airlines jet to blow mid flight yesterday killing one person according to a preliminary investigation done by the ntsb, the plane's engine fan blade was missing and apparently broke off. there were also signs of metal fatigue where the fan blade would have been attached southwest airlines is stepping up plane inspections after that deadly incident. southwest's ceo, gary kelly, had this to say last night >> i believe in the people of southwest airlines they do a magnificent job. and i know i speak for all of them, it's a somber day. so we will need to make sure that we support the ntsb on this investigation. >> we will continue to follow this developing story throughout the day. it's the first fata

i am brian sullivan. here's how the global markets are setting up the week. the stock markets indicating that the dow may rise. the early indication is that the syrian strikes were likely a one-off event. stock investors are comforted by that the ten year yield ticking up just slightly. the 2.85% inflation worries. still a likely bigger story than the sat strike for now vladimir putin is making more threats. let's get more on the political side the white house thinking on those syrian strikes eamon javers live in washington with more. eamon. >> reporter: good morning, brian. he ulgssed the phrase, mission accomplished defending the use of that. sumpts -- they launched 00 50 times the amount of research they have a bunker, the u.s. military said it believed it had crippled syria's chemical weapons programs that it may syria may want to claim this secretary mattis said it was a limited military action on the part of the united states and its allies here's what he said. >> right now this is a one-time shot and i believe that it's sent a very strong message to di

brian sullivan is in charleston. od morning, brian. >> reporter: everything is local, including trade and tariffs. whether or not it's an import tariff on an american made good into china or vice versa, it all comes back to the men and women engaged in moving around goods and services, manufacturing stuff, et cetera by the way, the level of investment is truly incredible they widen the panama canal so bigger ships can come through. a lot of the east coast ports are not ready for those massive ships that hold 14,000 of those containers on them each ship we spoke to the president of the south carolina port association and he told us when it comes to shipping, whatever you want to say, the trend is bigger. >> the big trend in our industry is handling big container ships. we're all trying to raise our cranes and deepen our harbors and build new capacity. >> reporter: we can argue it's unfair or damages manufacturing workers in pennsylvania. who knows? here is the thing. the taxpayer, all of us, are spending a lot of money

. ♪ >>> good morning from wherever in the world you may be watching i'm brian sullivan futures are basicallylat the tug of war among buyers and sellers looks to continue today. you have the peak earnings crowd on one side and earning are still good and stocks on the other side what is the single biggest stock story of the day is facebook, that stock sharply higher. the company reported an earnings beat much more on facebookin a minute first let's get to some big news in the banking world deutsche bank says major job cuts are coming after the company reported a 79% drop in first quarter net profits. joining us on the news line from frankfurt, germany, banking correspondent for "the financial times. 79% overall, 74% net drop in the banking division how does that happen >> it's just deutsche bank is losing market share in its trading activities they are really kind of suffering badically at the moment they are losing ground to competitors, big u.s. rivals which gained in trading activities in the first quarter. >> what kinds of jobs losses can we expect in the states and across the world >> the

♪ >> i'm brian sullivan in for scott today on the "half time report." give investors the green light to buy more stocks >>> plus the one big box store that the top retail analyst says you need to buy right now. >>> big shakeup for your guest trader kevin o'leary find out about the big change he's making in his portfolio "half time report" starts at noon eastern i'll send it back now to jon fortt. >> thank you, brian. >>> internal threat detection tools, symantec launching targeted attack analytics, a new tool that can discover attacks that often go undetected joining us is symantec's ceo, greg clark good morning, greg. >> thank you for having us on the show. >> dealing with attacks and threats, trying to use ai, tanium, baracuda any of your smaller competitors trying to do this. how does this move by symantec get you more entrenched in this game or offer something that the market hasn't seen before? >> the difference between us and some of the others is that we have like 500 researchers that for many decades have been work ing on this problem and we hav

thanks for being with us on cnbc i'm brian sullivan happy thursday here's how your money and investmentsght now stock futures not giving us a lot of direction fractionally higher. that's about it. either way, the good news is the recent volatility appears to have tapered off up 400 one day, down 200 the next maybe a nice, easy thursday. maybe not on oil crude oil, at a 3 1/2 year high. gasoline is up 30 cents more a gallon than this time last year. the government saying it will only go up we'll tell you about that in a second let's get more on the energy market action on the crude side with jackie deangelis why is crude above 70 overseas >> one word, geopolitics geopolitics trumps everything when it comes into the market. what we've been watching when it comes to crude oil is the fundamentals, have we seen that supp supply/demand rebalance. the second is the potential trade war with china that moves stocks around if stocks go down, people worry about demand for crude oil you have two factors now overseas that are driving this price to that three-year high. the first is for the potential

i'm seema mody >> i'm dominic chu brian sullivan is off today. here are the top five things happening right now. number one, wall street pointing to a lower open as investors await another round of earnings. number two, uk's regulators fining jes staley for trying to uncover a whistle-blower in 2016 number three, china zte calling new sanctions on the company unfair and warning they could endanger its survival. >>> and number four, ericsson having the best day in nearly a decade after reporting a blowout quarter. >>> number five, president trump tweeting no collusion, no obstruction following new released memos from former fbi director james comey >> we'll have more on all of these stories coming up, first a check on the global market setup here futures are lower across the board. the dow lower by 45 points, nasdaq off by 21 yesterday stocks did close lower as treasuries moved to the upside here's a story in asia a down day pretty much across the board with the shanghai leading markets to the down side down 1.5%, closing the week lower as well. t

. ♪ >>> good morning welcome from wherever in the world that you may be watching i'm brian sullivan glado have you with us here's how your money and the global markets are setting up their tuesday. stock futures indicating that the dow will rise again at the open up 150 now as an implied open. but there are a couple of economic reports out there which do tend to move markets, housing starts and permits at 8:30, and industrial production at 9:15. they do have the power to turn things around. more on the markets in a minute. we have to get to the top corporate story, and that is the best performing stock in the s&p 500 this year, likely to extend its lead today netflix shares up in extended trading. the company adding 7.4 million new skubscribers last quarter, and 2 million in america alone netflix sees another jump in this quarter projecting more sub abs than analysts expect joining us now is porter bibb. how surprised or not are you by netflix'scontinued and incredible run of gaining subscribers around the world >> reed hastings continues to surprise everybody he blew the wheels off of t

i'm brian sullivan thank you very much for joining us on "worldwide exchange.on't know if we're doing dancing today but the markets trying to correct a little the five big things you need to know right now are market and money related. 458-point selloff for the dow jones industrial average yesterday. those three major indexes are negative for the year. the dow is 11% off its highs there may be some relief stock futures are up, but fair value indicating that the dow will open slightly lower today down about 19 points for the indicated open again, very early but something to watch bond yields ticking up just a bit. ten-year at 2.75%. that's also indicating perhaps a bit of tuesday calm in the markets. we are worldwide exchange. as always we have full global coverage for you we'll get to joumanna bercetche in london. let's check in with nancy hungerford in singapore. nancy? >> brian, most markets here did finish in negative territory if you're looking for positive news to get your day going, i can tell you it wasn't all bad it could have been worse many of the maj

i'm brian sullivan it's a busy tuesday with a ton of news to get to.irst your morning money setup comes first. stock futures indicating a slightly higher open the dow implied open, about 102 points early and the futures thinly traded at this hour. a jump of about 100 on the dow >>> ten-year yields have backed off a bit yesterday at this time we were talking about that key psychological 3% mark. the yield on the benchmark ten-year, 2.96%. we will talk more about the bond yields and their effect on mortgage rates and housing in a few minutes. if you care about real estate, you will want to hear about that >>> if you care about driving, watch out. oil creeping back towards $70. >>> your top business story is developing as we speak one of the world's biggest ridesharing companies could be planning an ipo. let's get to arjun kharpal with more >>> yes. the "wall street journal" reporting that this ipo could happen as early as this year and could value the company between 70 billion and $80 bill yoen, making it one of the biggest tech ipos this year. where ar

i am brian sullivan.hanks for joining us on this monday here are the five big things that you need to know right now. china striking back launching new tariffs on more than 120 american-made products ranging from pork to wine to fruit stocks shrugging it off. about 26 right now do note that most of europe is closed for east every, so things certainly could change rapidly as the morning rolls on. >>> another big data breach the parent company of retailer saks and taylor saying data was stolen >>> tesla, saying the model x was in autopilot mode at the time of the crash and the driver seemed to ignore the car's other than warnings. >>> and it was ready player one, taking the box office this week. taking in more than $50 million in its debut we'll have more on that right now, let's get more to your stop tore and that is china hitting america with more than 100 products with tariffs. eunice yoon with more in beijing. eunice >> thanks so much, brian china is going to be imposing tariffs on a wide range of produ

album on the way to work this morning they randomly played super man by r.e.m good morning i'm brian sullivano real trend in stocks right now. here in the states futures are flat to maybe slightly down. but when you're talking about dow futures at this hour down 8 points, i wouldn't put a lot of credence in that earlier this year the ten-year note blasted towards 3%. for the last few months has been sitting around the 2.8%, 2.9% mark that's where we are now. no big move in stock futures or bond yields now. perhaps more important than bond yields for the markets now is trade. the negotiating continues on that president trump and japanese prime minister shinzo abe agreeing to step u holding a joint news conference last night eamon javers joins us with more. >> lots of warm words between the two leaders yesterday at mar-a-lago we had a round of golf a lunch. a dinner, a press conference, but ultimately the situation remains the same today as yesterday. that is that the japanese would like the united states to come back into tpp, the transpacific partnership, the united states signaling it doesn'

hi, everyone welcome to halftime report i'm brian sullivan, in for scott today. beach somewhere, i hope, anyway we're big on the banks very bullish note from tom lee and his tech about to go on a tear joining us today, we'll call it the cubs versus the yankees. jim, steven, and josh, playing infield for the mets and for the cubs, we have john nujerian and jeff in from chicago. the killer ceo right now, the mets would win the fight, by the way. i want to point that out >> beginning another 100 years of

i want to bring in cnbc's brian sullivan. brian, larry kudlow saying this is going to have a good ending. they want to have open relationships. china started this. you and i both know peter navarro has been openly attack china, calling china a currency manipulator for over a year. >> i think -- hello, by the way. i think the key for the markets and key for the trade story going forward is who catches the ear of the president more. larry kudlow obviously my former colleague and friend. peter navarro may be deemed i guess determined to be the other way. it's who is trump going to listen to. is it going to be larry and the free trader or is it going to be navarro who is a little more protectionist in his viewpoints. yesterday of course the market was down 500 points on all those trade fears. we'll call it the larry lift or the kud low, whatever you want to call it. spoke with a bunch of reporters, mostly on the business side, including our colleague, and the market did an incredible 700-point about-face. perhaps they're looking

brian, thank you very much brian sullivan down at the port of charleston. >>> finally, let's head overicago where phil lebeau has some surprising customer feedback. >> it's an annual report the quality of service is soaring, and it did soar last year despite a lot of high profile bad pr incidents involving clashes between travelers and flight crews somebody getting pulled off of a united airlines flight here were the top three airlines, according to the airline quality report this is all analytical alaska barely edged out delta. jetblue came in number three who lagged in the survey express jet, frontier and spirit came in dead last, according to the authors of the study spirit has a higher complaint rate than the other airlines we reached out to spirit they said yeah, we're bringing our complaint rate down. we think we're making some strides and progressing. >> the other thing i noticed is spirit did well i think on the bag issue. it didn't lose as many bags, phil just because you're thinking the discounts are probably going to do worse on all these measures. >> right. >> that's the wh

i am brian sullivan. thanks for

the perfect interview is standing by with brian sullivan at the conference in beverly hills joined byial guest, brian? >> thank you very much very good timing to have the next guest on, rick snyder, governor of the state of michigan governor, welcome, thank you for joining us >> yep >> for the first time in many, many years, the financial review board that governs detroit decided to free the city from state control. what does that mean for detroit? what's it mean for the state >> well, it's another great sign of a comeback of detroit it's a comeback city of the country. the trading needed to take place, better services to the citizens, and from that, let's keep oversight for some time period, but they earned their way out of it, running pluses three years in a row, ran out of housing for young people to live in downtown and midtown detroit. six new building projects were announced. it's exciting. we should be proud of what's happened there >> it's a big moment, and detroit got into the financial straits for a reason, you put them in bankruptcy >> yeah. >> how do you ensure detroit doe

i am brian sullivan. thanks for being with us here are the top five things happening right now. gasoline prices are on the rise. the average price of a gallon of gas, $2.83 nationwide. that is up 9 cents over the past few weeks. >>> ubs delivering an earnings beat thanks to strength in the investment banking unit. >>> china's tencent could have a blockbuster ipo. the valuation could top $25 billion. >>> president trump will host french president emmanuel macron at the white house syria and the iran a hot deal. >>> another royal baby could be on the way kate middleton checking into a hospital in london we are told in the veryearly stages of labor. all right. we're going to have more on all of these stories first, here's how your money and the global markets are setting up their day stock futures indicating the dow likely to open slightly lower although still the losses right now on the futures are a bit muted especially coming off of friday's big drop. you need to watch the bond market yields rising. it's entirely possible that the benchmark ten-year yield could hit 3% during thi

. >>> welcome back thank you for being with us on a busy wednesday morning i'm brian sullivan let's getaking news out of china. bay sing eijing responding afte u.s. threatening to slap $50 billion on tariffs on chinese imports and china announcing 50 billion of its own retaliatory tariffs against the u.s. u.s. equity futures are reacting sharply to the news. the moment those headlines crossed, the dow lost about 300 points on those futures. eunice yoon is back with us in beijing with more as we continue to see really what is a -- i don't want to call it a tit-for-tat, but it's certainly if you do this, we'll do that. right now they're only proposals but things are heating up. >> that's right. right now they are only proposals. they said -- the chinese said there will be a commentary period and also they're going to move ahead with the tariffs based on the action of the united states. and i was earlier speaking with the vice finance minister who said that for the past two months, the reason i would thwhy acted so swiftly to the u.s.'s move with the 50 billion tariffs because he said they

i'm brian sullivan, thanks for watching we're halfway through the 5:00 hour stock futures are mixed.asdaq is up nicely. amazon is up big, microsoft up a couple percent could be a big day for big tech. let's check on the bond market stock moves today maybe more than the bond market ten-year yield, 2.97%. and we are entering the summer driving season, also known as summer, pay attention to oil prices wti crude down 30 cents. gas prices 30 cents higher than this time last year. >>> amazon posting a big beat just as they announced a $20 price hike on prime membership prime membership going from $99 a year to $119 a year. joining us to talk about the macro economy is chris rupkey from mufg union bank you're not an amazon economist, are you? i'm kidding. the reason i asked but amazon is because with 80 million prime users or whatever in the united states, is that price hike enough -- is what amazon did enough to shift the needle on how the fed views inflation? >> probably not. don't forget the forces of inflation -- >> go aod and evil? >> it's not just a red hot economy that will set off i

. ♪ >>> welcome back thanks for being with us i'm brian sullivan good to be back with us.ook right now futures indicating a drop of 100 points at the open, this coming off yesterday's big move higher, 4 400-point jump a lot of volatility. shares of facebook, we will see if they continue their run coming up in your morning rbi, how much money -- zuckerberg is struggling, he needs more money -- how much money zuckerberg made off of facebook's stock move yesterday. it's a big number. that's your morning rbi. that's in a bit. let's stay with the facebook story. really one moment in yesterday's hearing caught a lot of peoples attention. came randomly. during an exchange over content between texas senator john cornyn and zuckerberg. take a listen. >> in the past, we've been told that platforms like facebook, twitter, instagram and the like are neutral platforms. and the people who own and run those for profit, and i'm not criticizing, doing something for profit in this country, but they bore no responsibility for the content. you agree now that facebook and other social media pl

i'm brian sullivan it looks like another wild day for your money on this friday. the dow jones pointing to a drop of more than 200 points at the open the implied open down 213. the nasdaq and s&p 500 also indicating a drop at the open. this as president trump turning up the heat on china he is now proposing an additional 100 billion in tariffs on chinese goods that news broke late last night. immediately the markets reacted. the futures reacted around the world. as only we can do on "worldwide exchange," we have full global coverage for you on this breaking news and your money eunice yoon is in beijing. nancy hungerford in singapore, joumanna bercetche in london let's start closer to home where the news is being made, that's washington is nbc's tracie potts with more. >> reporter: good morning. a reaction from the united states, the national retail federation says the president is playing a dangerous game of chicken here manufacturers and politicians representing agricultural states are also concerned interestingly the president says he is doing this to protect am

cnbc's brian sullivan joins us now. brian what do we expect this week?e got a lot of earnings ahead. >> i don't think i could trump it, but i'll add to it, we got a lot of economic numbers. speaking of housing, something i think you may have just been talking about, we got the macro existing home sales. not everybody cares about the stock market but a lot of people care about the real estate market. it's been hot. interest rates are going up. which means that houses that are unaffordable are going to get even more so to a lot of your viewing audience out there. you've got people in los angeles, by the way, that are buying homes sight unseen. some of whom are putting no money down. remember this, like a decade ago? i'm just saying, just be careful about that. we're seeing the dow up 63 points now. the easing of tension in the korean peninsula, helping investors today. friday was a tough day. some of that news may have mitigated the drop we had on friday, stef. >> all right, brian, thank you so much. all eyes on the markets this week. big earnings coming.

taxes will be moot. >>> starbucks, brian sullivan.ut down for a tay to provide racial bias training. >> not a hard decision i don't think by starbucks. 8,000 stores are shutting down for the entire day on may 29th after what happened in philadelphia. it is not the first time they shut down for the day but that was for latte training. this is a much more serious situation here in in the wake of the arrest of it was -- of two african-american men sitting in a starbucks. instead of just saying we're sorry, they are doing something about it and every employee will get racial bias training on that day. >> cnbc's brian sullivan, thanks so much. >>> we'll be right back with more "morning joe." anna and mark are heading into retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so t

that brian sullivan.back, the biggest names in tech are meeting with saudi arabia's crown prince weechlt discuss the deals he is eyeing and signing as we go to break, stocks moving further out of correction. maybe the fifth straight day the dow moved up or down 200 points. we're now up 324 ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of inform

. >> i'm dominic chu brian sullivan is on assignment.et's get you up to speed on the market action. stock futures are pointing to a higher open. the dow over the last -- first, 320 points to the upside is what the dow would open up by theoretically if things held the way they are now the s&p up by 34 points. the nasdaq up by 113 the dow over the last 24 hours, you look at the movement there, that late-day selloff. we were up 440 points at the high in the dow yesterday before that "new york times" story and reporting came out about the raid on president trump's personal lawyer, michael cohen, his offices and hotel room that sent stocks moving lower. the dow closed up by 46 points as a result. in context, a 330-point move does not get us back to where the highs were yesterday something to keep in mind. let's move on to the bond market the ten-year treasury yields are moving slightly to the upside. 2.80% the last trade there up by almost 2 basis points. we talk about the bond trade, the stock trade, things are setting up positively in terms

cnbc's brian sullivan joins me and the panel now. okey-doke, brian. let's first break this down.s the president not understand how a trade deficit works? because when the economy is strong, when gdp rises, you're going to see the trade deficit grow and it's not a bad thing. >> yeah, i mean, you know, stephanie, it's a great question. here's the thing. i think that this is really getting interesting, because we had $3 billion instituted on our side, then 3 billion, they do 50, we do 50. i wonder what might be next, how much more is there to come? i don't think we're at a full-on trade war yet. remember, these are still proposed tariffs. the idea is to get these sides to the negotiating table. if things don't change, then in a couple of weeks they could be slapped on. the trade deficit has been growing for a long time. one thing that many economists, steph, and you would know this, would counter with regards to a trade deficit is does it matter more about the dollar volume of goods or does it matter more about the profitability going back and forth? >> good point. >> if you're sell

. >> for that and rest of the news about the bell we go live to brian sullivan at cnbc world headquarters. >> marcus and laura, thank you very much. your stock investments hoping to break a four-day losing streak today as long as bay area companies help us out overall. the futures indicating the dow will likely open up. we have been down four sessions in a row concerned about the big tech companies around you guys. you may not have noticed, apple stock down 7% in a week. we're watching to see if that can turn around but watching alphabet in reported earnings beat the street, sales growth pretty good. company also marked up the value of the investment in uber by a couple billion dollars but it is not all wine and roses over there in mountain view. some investors getting worried that google spending keeps going up keeping margins under pressure. couple of analysts cutting price targets on the stock. if you're driving around in your electric car and frustrated by lack of charging stations at the trip mall, don't worry, target wants to help. retailer planning to add plug-ins at more than 100

hi, everyone welcome to halftime report i'm brian sullivan, in for scott today. he's lying on a beach somewhere, i hope, anyway we're big on the banks very bullish note from tom lee and his tech about to go on a tear joining us today, we'll call it the cubs versus the yankees. jim, steven, and josh, playing infield for the mets and for the cubs, we have john nujerian and jeff in from chicago. the killer ceo right now, the mets would win the fight, by the way. i want to point that out >> beginning another 100 years of disappointment. >> can i be the bears and join team chicago >> everything is fine. you can do whatever you want we'll get to that in a second. right now, the dow, s&p, and nasdaq, down fractionally, 38 pounlts on the dow we'll get to more on your macromarkets, but we begin with a new note from goldman sachs. on a host of tech names that could be about to soar after being taken down with facebook's fall call it the facebook fallout and jeff, you traveled the furthest for this. we'll start with you the thesis here is this. as facebook had its woes, a b

i'm brian sullivan in for scott wapner the dow within striking distance of what some are calling a very important technical level. the 50-day moving average. the number to watch is 24,620. 24,620, and there will be a quiz write that down. joining us for the hour is joe, jim, steve, josh, and kevin o'leary, chairman of o-shares etfs a pretty good day on our hands dow is up 209 points the s&p and that dacand the russell rising as well small caps continuing to do well joe, are you surprised by the recent resilience? this is a market two weeks ago, we were having primetime market in turmoil suddenly, everything is great. what's changed >> i think what the best condition we could talk about is volatility that's historic in 2018 when the vix this morning trading down to 1675, you haven't seeb that level since march 21st that's something to be encouraged about i have been talking about trying to get away from predicting where the next 10% of the s&p is going to be. you're talking about moving averages, brian. it's very rare that moving averages look as positively sloped or negatively sloped in

. >>> time now for business before the bell with cnbc's brian sullivan.quote, mission accomplished regarding freud's u.s.-led air strikes in syria. is wall street reacting to that? also, the new interview with former fbi director james comey? >> no to the latter, yes to the former. here's how. happy monsoon monday, by the way. the former with the syria thing, the market was worried it might be just a one off. some investors are happy it looks like this might have been a one-deal thing, one day thing on saturday and that's it. so if we see more, we could see more negative market reaction. here's the weird thing. about what's going on right now. all the things that are underlying the economy, right, are solid. but yet the headlines are negative. syria, comey, mueller. corporate earnings, looking pretty good. record stock buybacks may help. corporations are lending again. this weird stuff right where -- >> wait, you say record stock buybacks. so oh, my gosh, the people that said those tax cuts weren't going to all go to employees but actually huge corporatio

. >>> hey, mika, do i look like brian sullivan, do i look like i could take the role of brian sullivan? >> i think you can do it. >> this is our business before the bell. we just got gdp growth, u.s. economy grew at a slow 2.3%. "the new york times" says that the economy is puttering along. "the wall street journal" talks about a slowdown, consumer spending was weaker, the impetus of the tax cuts were, quote, subdued. there was, quote, a pullback from business investment from last year. quote, the housing sector stagnated. but the good news, there was growth in one sector of the united states economy in the first quarter of 2018. anybody want to guess what that is? >> banking, financial? >> nope, government spending. >> i'm a little confused because trump pretty much promised 4% growth and that was going to pay for everything. i'm a little confused, 2.3% to 4% is a big spread. >> well, you know, this was just the first -- this was just the first quarter. and of course we'll feel the full effects of this over this year and over the next three or four or five years. all of those bonuses

brian sullivan, thanks. >>> coming up next on "morning joe."ised travel ban. one of the countries on that list is war-torn yemen. it's the background and the author joins us next on "morning joe." and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. when it comes to strong bones, are you on the right path? we have postmenopausal osteoporosis and a high risk for fracture, so with our doctors we chose prolia® to help make our bones stronger. only prolia® helps strengthen bones by stopping cells that damage them with 1 shot every 6 months. do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva®. serious allerg

. >>> sounding the alarm with a recession call, guggenheim told brian sullivan in a chat this morningexchange." >> i think for the next year, even with the current tariff tantrum that we're in, that equities will continue to go up as we have the stock buybacks and increase free cash flow but ultimately when the chickens come home to roost and we have a recession, we're going to see a lot of pressure on equities, especially as defaults rise, and i think once we reach a peak that we'll probably see a 40% retracement in equities. >> joining us for more on that jpmorgan's chief global strategist, david kelly and bank of a michele meyer with us as well happy fry. good to see you both michele, to scott's point about rising costs of service and record levels of corporate debt, cash flows that stabilize and then start to decline after a short-term boost from tax cuts, are you looking past all that to where he is? >> you know, i think that there's a big debate as to whether or not we're just seeing short-term stimulus, a fiscal sugar high, where near term data will look strong, versus a scenar

brian sullivan on scene in charleston >>> coming up on "power lunch," mark zuckerberg getting ready to testify on capitol hill. the facebook founder and ceo facing tough questions over how his company handled user data. we now have some of his prepared remarks and we'll share them with you next. >>> plus one of the senators who called for the hearings will join us. "power lunch" is back in two minutes. ♪ i've got the moves like jagge ♪ ♪ i don't need to try to contro you ♪ play "do it like this". [music plays] when everything's connected, it's simple. easy. awesome. 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. >>> welcome back to "power lunch. we are just about 24 hours away from mark zuckerberg testifying before congress. the facebook founder and ceo f

brian sullivan had an interesting interview on the 5:00 show about financial times reporter who saidre may have been a mixture pure speculation he didn't want to speculation. some financial and some personal but said, look obviously because he got his benefits that it was not something where he was shown the door we've seen a lot of show the door this was not a show the door because otherwise he wouldn't have gotten his package. >> right founded this company, of course, in 1986. and become by far the largest in the industry. >> a lot of challenges, though. >> right well known and i think a lot of his judgments are because he has these great consumer product companies and a lot of our job, my job should have been wait a second is business any good i regret that. i saw him in the super bowl. just pressed him about how proctor and how much money proctor is spending online i don't know anyone who predicted any of these. >> yeah. we'll get proctor numbers this week. >> yeah. >> sir martin is on the cover of "the ft. >> may i say he looks 50 my wife thought he was 50. >> he's 73. >> you lo

. >>> i'm brian sullivan here's your cnbc news update yulia skripal, who was poisoned along with heratement. quote, i woke up over a week ago and am glad to say my strength is growing daily i'm sure you appreciate this episode is somewhat disorienting and hope you respect my privacy and that of my family. the poisoning increasing tensions between russia and the west three buses believed to be carrying expelled american diplomats departing from the embassy in moscow. >>> the u.s. and south korea holding military drills in that country. the exercise held twice a year involve about 24,000 u.s. troops alongside 300,000 south korean forces >>> and britain's prince charles and his wife camila took to the beaches of australia's gold coast where they met with members of the welsh team in the commonwealth games as well as some junior lifesavers the prince opened up the games on wednesday that is your cnbc news update at this hour. back to you, carl. >> all right, brian. thanks so much >>> welcome back to "squawk on the street." i'm carl quintanilla with sara eisen, david faber at the new york

. >> we are live at the nasdaq markets in time's square brian sullivan is hanging out with us this mornings "squawk" interview of the morning, jim chanos. we will speak with him on a million things >> we need more than an hour. >> i imagine there is news to be make listen up. u.s. equities, take a look nasdaq up about 75 points. s&p looking to open about 12 points higher. a couple big headlines, pepsi is out with quarterly earnings, the snack and beverage giant, forecast to sales improved in developing markets we should tell you the cfo, hue johnst hugh /* -- hugh johnston will b on after 10:30 it's hard to understand. they did well both on the beverage, particularly on the stack side it's a busy morning on the economic front two key reports 8:30 eastern time we will be getting durable goods orders and the weekly initial jobless claims the u.s. central banks will be out with his decision this hour and followed by mario draghi's news conference. >> it is earnings season, gm already rolling out its results. phil lebeau joins us. >> reporter: they are earning ar there 1.43 per share, revenue

i owe brian sullivan coffee because of losing the bet.our are mixed the dow's come back. it's down 50 points when we started the show at this point, down five points. s&p futures are higher they're up about 1.75 points we'll see how things head as we get closer to the opening bell let's get you caught up on headlines. hasbro missing on both the top and bottom lines the results impacted by the bankruptcy of toys r us. hasbro earned 10 cents a share for the first quarter compared to the estimate of 33 cents. street had to know about toys r us, but they did not bring their estimates down nearly enough they're also talking about revenue coming in below forecast the stock is off almost 5%. >>> a buyout deal in the energy sector center, point buys vectren that puts the value at about $6 billion. >>> and we're keeping a close watch on the 10-year treasury yield this morning it is coming within a hair of breaching the 3% mark for the first time in about four years we'll see if it happens this morning. >>> we mentioned this last hour. kind of inte

profit margins, you know, i heard brian sullivan say they're at a record high basically, up as much as they have been in a single quarter for a long time what direction can they go from there? further up or down not saying it's all over, but this is the push/pull in the markets. we're flat for the month >> we lost all the april gains yesterday. >> it's been kind of fragile i don't think the world is one where people say it's either 3% on the ten-year or i'll take my chances in the s&p 500 it's, you know, investment grade bond yields that are now 4 1/4, and they were 3 1/2 six months ago. somebody is paying that out. >> you say we're flat on the month except the dividend is still there for those who choose to invest in stocks that return portions of their profit you're now making money. this is probably the best advertisement ever in a few years for why you should be paid a portion of profits when markets go flat. you will still make 2%, sitting, waiting in equities in the s&p while the market goes up and down as we resolve these issues you detailed >> which is why you love dividends. >

let's talk trade brian sullivan joins us live from the port of charleston this morning. don't know if there's going to be tariffs. the question is this will tariffs slow down economic activity i know folks here at the port of charleston as well as down south, they're hoping that it does not because imports and exports are a massive part of this economy how massive? well, check this out for every $1 billion in exports, 15,000 jobs are created. 26% of the entire american economy at some point is coming or going from a sea port like this one i mean, you look behind us these things, the teus, those are 40s. those are the big ones here. about 75,000 of the big ones 150,000 equivalent of the small ones go in and out of here every single month you know what that means that means jobs. truck drivers. shipping operators all the folks that are working here at the port, nearly 600 people just managing the logistics. so when you look at the amount of jobs created by global trade, it's not just about the stuff we make it's not just about the stuff that's in those bo accidenxes. it's

. >> cnbc brian sullivan. >> do you think it's the amazon effect. >> speaking exclusively with facebooke company's plan to address the problem and as we go to break, a look at how president trump wrapped up his gaggle are reporters before air force one touched down in washington. you know, i used to be good at this. then you turn 40 and everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrade. you've tried moisturizer but there's one... that blows them all out of the water. hydro boost water gel from neutrogena®. with hyaluronic acid it goes beneath the surface to plump skin cells from within and lock in hydration leaving skin so supple, it actually bounces back. the results will blow you away! hydro