we appreciate it still on deck here on worldwide exchange, a pulse check on the consumer brian sullivan sitting down with the ceo of general mills his take on trade, china, and the state of the u.s. consumer that's coming up ahead plus, president trump suing two major global banks those full details ahead as well, and later on in the show, much more on alphabet as the stock looks to shed nearly, get this, $63 billion from its market cap at the opening bell today. worldwide exchange back after this the cloud i need? it has to keep up with sales, supply chain, inventory - ♪ ♪ it needs to track it all, from cincinnati to singapore. ooo! ♪ ♪ and protect it all. customer records, our financials, they better be secured. but i also need easy access, to manage data across my clouds - no matter where it lives. ♪ ♪ so if an auditor shows up, i can be a step ahead. that's the cloud i want. is that to much to ask? expect more from your cloud. ibm cloud. >>> shares of general mills have been on a tear this year the company behind icon ek brands like cheery owes, betty crocker and blue buffalo up exp

by the way, it affects lives >> all right, brian sullivan a big story out in houston, texas.'ll be watching all day here on cnbc with your coverage of that chemical industry zblierks coming up on the show, why he elan musk is short one rocket booster this morning. we'll tell you that story. then david fiber, live today from the active passive summit right here in new york city. some of the biggest names in investing, including jeff often, uaalte worldwide exchange is back in a couple of minutes. ♪ ♪ applebee's bigger, bolder grill combos. now that's eatin good in the neighborhood. i couldn't catch my breath. it was the last song of the night. it felt like my heart was skipping beats. they said i had afib. what's afib? i knew that meant i was at a greater risk of stroke. i needed answers. my doctor and i chose xarelto®. to help keep me protected from a stroke. once-daily xarelto®, a latest-generation blood thinner... significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. in a clinical study, over 96% of people taking xarelto® remained

i'm brian sullivan. >>> there's a new chief at best uy and that's where we begin tonight's markefocus. the current chief financial officer and 20-year vet become ceo in june. jolie was responsible for the electronic retailer's turnaround. he'll stay on as executive chairman. shares fell a fraction to $73.24. >>> cesar's entertainment is close to naming a new ceo, this in the eover interes company. the current held of privately held affinity gaming is expected to take the top job. shares down 1% to $9.38. >>> cannabis company alfreea reported a loss despite a rise innu re they reported a decrease in the amount sold but an increase in the average selli price. the ceo says the industry is still young and it has a lot of free throw shooter ahe ahead of. >> what's important is industry where it's going, it's $150 billion industry growth. just in cannabis sales in canada by the end of 2020 so it's early >> but the stock fell more than $8.60. >>> the match group is restructuring its executive team to focus on operations in easia. ompany is looking to capitalize on growth outside the unitpe s

brian sullivan is in the port of houston for us tonight. ♪ ♪ >> it wasth one m ago on march 17th thatinal behind us heren the shiphannel of houston caught fire. that fire erupted causing a major leak that slled ngerous chemicals into the waterways around us closing one of america's most important waterways for days. firefighters like the one behind us working in some cases more than 240 hours for two weeks to try to put this fire out and contain the dangerous. chemica in fact, even a month later you can still smell it in the air. this and each other accidents calling infrastructure crisis and that enoh attention in america. the aging infrastructure in gas and energy stories. when i don't go it can cause dangerous leaks and as it did in crosby, texas, with a separate indent and it cost doesn't cost for now. there are many ships that are still out there, backlogged, supply chains are disrupted, but in some cases 50-year-old facilities and regulations and it would be a bad surprise to have things like this happen future. for "nightly business report" brian sullivan, texas. >>> coming up

>> the june 87 put in lyr. >> brian sullivan?gs next week use options to play to the upside. >> that does it for us we're of >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica my job is not just to entertain, but to teach call me at 800-743-cnbc. or tweet me. today, we got about a year's worth of major business stories in a single news cycle disney reinvented itself jpmorgan had a stunning

let's go to brian sullivan at the milken conference with ceo scott minor. >> one thing i've learned ine, don't make a body builder angry but i'll do my best to do that right now before the interview, he's out with a new piece this morning and just on cnbc.com with the possibility for rate hikes i said you flip-flopped, the rate cut man >> look. you asked me the question, what's the probability the fed will cut rates i said 50% and sure enough, the market is priced for that. but yet the economic data coming in, they're showing that the second quarter is actually gaining momentum so now i know the fed is focused on inflation, by the time we get into the third quarter i'll think we will see inflation building again and barring a crisis in europe or latin america, i think the fed will be in that mode >> those words, by the way, got so much attention is that we were talking hike, you said 50/50. by the way, half a chance, a coin flip is a big deal. the fed went dovish and thought would know something now you're right now you believe the more likely outcome at the end of this year is a rate

brian, thank you brian sullivan stocks are lower as we kick off a big week for earnings.ace for heightened volatility. joining us now are tony conaris and kevin karen. so, you know, tony, 16% is the gains that we have seen for the s&p 500 so far this year we're within 1% of record highs. should investors lock in the profits or hang on for more? >> we don't think so we think investors should follow a plan and if your plan is to own a certain percentage of equities in your portfolio, you should rebalance when you get out of whack we look at u.s. valuations today as being on the higher side of a normal range, which means future returns should be slightly below average, but not terrible, especially compared to bonds and cash which we think equities look far superior too at these prices, as long as you have the proper time horizon for equities >> where within equities would you be shifting money at this point? we manage global portfolios, and when you look at our portfolios today, we have around 45% in u.s. equities. and our global portfolios. and in -- on the international si

brian sullivan is live in houston, texas, with an up close look at the economic toll. brian?> reporter: dom, we've got an up close and personal. the fire boat behind us. we take you there and talk to the coast guard about the ancillary effects of some of these disasters. why some believe trying to save a few million dollars could cost billions more and, by the way, something that happened around a different industrial accident that should get the ear of every ceo in america ncat is coming up next on "power luh. how do you gauge the greatness of an suv? is it to carry cargo... or to carry on a legacy? its show of strength... or its sign of intelligence? in crossing harsh terrain... or breaking new ground? this is the mercedes-benz suv family. if you've never seen yourself in a mercedes, you've never seen these offers. lease the gla 250 for just $379 a month at the mercedes-benz spring event. hurry in before april 30th. so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyon

i'm dominic chu and brian sullivan is in crosby, texas, he's off for the day we'll hear from him shortlyat a weekend for tiger woods, nike and the world of golf woods taking home the green jacket for the first time since 2005 capping off a massive comeback tour. much more on that his tourk win and his emotions coming up but, first, here is how your money and the global markets are setting up their dye stock futures indicating the dow will be relatively stable as the opening bella proechs. futures indicating that the dow would open higher by about 19 points the s&p up by 1 point and the nasdaq down by about 4 the major averages all about 2% from the interday highs that we hit back in the fall of 2018 the bond market right now moving as well. the yield on the 10 year just at 2.56%. slightly higher. the two year note yield 2.93%. just about 16 basis points difference let's go world wide as we talk about asia the nikkei in japan up by 1.5% we are seeing a little bit of red activity as you take a look at markets like hang seng and hong kong. that's up 1/3 of 1%. the shanghai up 1/3 of 1%. the

i'm brian sullivan yesterday was 3m today it is another dow component. that is the stock to watch today. that is intel. it is deep in the red. stock up 8% in the premarket companies slashing its revenue forecast last night. as cramer called it, 2m after that fwrb number the worst decline since 1987 intel likely going to be the story today. we're seeing a similar drop here, but the nasdaq yesterday hit a new all-time high intraday you pay attention to two things. the close, where we closes, and also the intraday move actually, we still have hitting many records on these indexes. we're not closing at them. once again today, it is all about earnings we have got a ton of big names that could move your money big-time we've got to start with this one. one of the biggest names of all, and that is amazon the company crushing estimates for the first quarter reporting a huge ep sr. boat we don't use words like crushing and beat for no reason. sfa more companies running their business on the platform companies also looking to make free one-day shipping the default

thank you for joining us i am brian sullivan.ere's a live look at london where the brexit debate just took another dramatic turn tempers are flaring in parliament we will take you live to london with the details in moments, but, first, let us get you caught up to speed on what is happening in the global markets and with your money following yesterday's big move higher. it is not the same scenario that we had yesterday remember, this time yesterday dour futures up 200 points right now they're actually down. the implied open off just about 33 points. it is early, but we are seeing a little bit of red on the screen. in other words, not a lot of follow-through now, yesterday bonds did something they haven't done really all year, and that is they sold off. yields came up the yield on the ten-year noticed tote about where we left it yesterday at 2.47%. >>> a similar story to europe as well where we are seeing the european markets not make th kind of big moves that we had yesterday. you could see it is widely mixed. the biggest gainer i

let's get to sully in the half >>> welcome everybody, i'm a brian sullivan in for scott with today's rally the s&p about 1.3% from its all-time high, the same for the nasdaq and dow as several big stocks on several big fronts make several big moves. >>> ford are making investors take notice. j.p. morgan surging on earnings but diamond's comments may be the bigger reason to buy stocks. disney releases its new plan the stock is flying into record territory. >>> note on apple has people buying as the stock flirts with $200 a share >> kramer called the deal three weeks ago, chevron buys anadarko today how this shakes up the energy space the halftime investment committee is ready to weigh in now, here's brian sullivan for scott wapner >>> yesterday we had a panel, today we have an investment committee. it's an upgrade. happy friday and thank you for being with us on this friday here to debate is your investment panel steve wise >> hi, brian. >> john is here as well. and brynn, managing partner at reck sit management. >>> we have a lot to do. the four big movers, the four dow components ar

i am brian sullivan.rting your week off with cnbc here's how your money in the global markets are starting their week off as well you can see a little bit of red here on the screen stock futures are slightly lower right now. keep this in mind. first quarter earnings season starting to creep closer kicks off at the end of the week, but keep in mind also just how far these markets have come. the s&p 500 in its first seven-day winning streak in 17 months the dow is now in its highest level since october of 2018. just 2% from its record high the nasdaq 100, wow, only has had one down week all year pretty incredible. benchmark ten year bond also a big story as well. stocks have gone up. benchmark ten year notes still at a very low 2.49%. some buyers coming back into bonds as well. they're not just buying stocks or bonds they're buying oil oil continuing its climb higher as well. global inventories tightening up just a bit apparently the opec strategy is working. crude oil up a half a percent. 63.34. oil sittin

as president trump seeks to eliminate the agency responsible for investigating theseaccidents brian sullivany, texas, looking at the trend no one wants to see brian? >> reporter: it's tough on a day like this where all eyes on the world on notre dame with a big fire there but guys were focused on fires here and there have been a number if it seems like the amount is increasing lately, it certainly has. in the last 30 days, two major incidents. behind us in crosby, you had the itc terminal fire which closed the chip channel that's where we're going to be tomorrow to talk about the economic toll. that was about a month ago as well and if you look back, there have been a lot of incidents but talk about the major ones, guys you have the west fertilizer fire in west, texas, in 2013 and then you had the torrence fire in california and a mining accident in wisconsin which cost people their lives and three more in texas as well and countless others there have been a huge number of these industrial accidents that have taken place and people lost their lives, had evacuations schools locked down. not t

here's brian sullivan in for scott wapner. >> thank you, ed good to be with you on thursday and have you with us the degate and trade, biggest stories of the day are josh brown, job eye jarrian, and one of barron and forbes top 100 advisers and carrie, thank you for adding class to this panel the market is up big time, depending on the market you pick, 10%, 15%, 23%. >> good question up 23% from the bottom of december, here we are about to start earnings season and we know earnings will be down the markets have been fantastic in overlooking what will be a weak first half or looking at the second half. as we start to hear companies report, numbers say they're bringing down guidance, that can be a little tricky we're up so much that even if the market were to come back in 5% or so, we're still having a year that's up over 10%, that's great for the first four months of the year. so i'm not worried about that and we don't really see interest rates going up we don't have the fear of recession particularly and we're comfortable the second half of the yearwill be better the market can stay

afternoon, good evening and welcome from wherever in the world that you may be watching i am brian sullivan. thank you for watching us on a very busy monday morning we are going to have much more coming on the bombings in sri lanka. before that, let's get you set up on your market day and week futures are slightly down. not a big drop for the dow futures indicating an implied opening at 60 points last week the three-week win streak for the s&p 500 ended that despite retail sales posting their biggest jump since 2017 and two strong ipos the major averages just over 1% from their all-time high doesn't look like we'll hit it today, but you never know. this certainly has time to turn around overnight in asia, kind of a thin trade there china's domestic market, the only major market that was trading overnight. japan and hong kong closed for the easter holiday or most of europe japan did trade up .08 of 1% shanghai was down 1.75%. the big move was stocks. oil is surging up 2.5% on a report that the state department will stop giving wavers to countries that buy iranian oil crude oil is up nearly 2

. >> good morning, good afternoon, good evening i am brian sullivan, and happy friday look at this i mean, like major tom, futures up, up and away this morning dow futures, somebody came in hot and heavy into the futures market about a half an hour ago. futures were mildly up when we checked about 30 minutes ago look at this dow futures now up 165 points. s&p and nasdaq futures are also higher as well a real nice pop. trying to figure out what, if any, news might be behind that because, again, the futures market did this and then did that about 30 minutes ago. we'll get more on the markets coming up in just a couple of moments. first, we have got to get to your top story this morning. the wait is over uber making it official. filing to become what could be one of, iffen the biggest technology ipo in american history. let's get right now to leslie picker with all the details in their filing leslie >> hey, good morning, brian. uber disclosing its ipo prospectus with about 300 pages worth of details we've pulled out a couple of key financial metrics embedded in their s-1 filing that inv

. ♪ >>> i'm brian sullivan.the halftime report" will jamie dimon's comments give the rally another leg up chevron buying anadarko, which stock in the energy patch could be the next one to be bought and the 5g stocks that you may want to buy before a big announcement at the white house today. the "the halftime report" beginning at noon eastern time. john's it's hard to believe, we'll do all that stuff in 14 minutes. i'm not ready. >> you're ready. you're ready. we'll see you then, brian. >>> meanwhile, when we return, former nyc limo commissioner is with us here. we've got that uber s1 coming from all angles and we'll back in just a moment. ♪♪ ♪♪ ♪♪ all of you. how you live, what you love. that's what inspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. >>> uber is revving up for its public debut the largest rid

afternoon, or good evening from wherever in the world that you may be watching welcome, i am brian sullivanhanks for joining us on a very busy monday and happy april 1st. stocks in rally mode green on the screen everywhere dow futures indicates a jump of 200 points at the open the s&p and the nasdaq higher as well this coming off the best first quarter in a decade. we've got more staggering stats coming your way soon asia is the focus of the news this morning following some strong manufacturing data out of china. manufacturing activity expanding at its fastest pace in eight months in march. that sent china and japan higher the shanghai comp up 2 1/2 percent. the only thing down are u.s. treasury bonds yields are backing up a bit but still at a very low 2.44%. we'll talk more about bonds and the fed coming up. hey, look at the u.s. green back it got lost in all the stock talk, but the dollar index, versus a basket of other world currencies may by down now but it's on pace of -- a strong dollar has been a big theme over the lasti year as well. if you were not paying attention to how strong th

brian sullivan and wolf research i'll begin with you. you have an outperform on both occi and anadarko. do you like it here at the price of the 8% preferred? >> good afternoon. we do like his involvement, not only for occi but the sector as a whole because we think it's an undervalued group and make a good investment here in the sector as a whole but we like his involvement. he's obviously very good value investor, good investor overall. and he gets a nice 8% coupon with warrannings attached to it >> is it too good? people say wait a minute, warren is so savvy, if he's on the other side of the deal, you want to be on his side. >> that's true we definitely have heard some of that feedback this morning for sure but i do think that this provides confidence in their ability to execute on this transaction and the synergies they provided. >> brian, we talked about this last hour a little bit but as this plays out, people say now you've got the warren buffett fire power and in a way, brand behind this. it's not exactly a hostile bid because ana

. >>> i'm brian sullivan. here's what's coming up on the halftime report. recent round of ipoers creating a big opportunity for you, but maybe not in the ipos themselves, we'll explain. >>> and the metal in mining stock that just got slammed by an analyst. the rare double downgrade. that's your call of the day and it all starts at the top of the hour on the "the halftime report." john, back to you. >> see you then, thanks. >>> another unicorn going public this morning, pager duduty openg for trading just moments ago right behind us at post 8 right now trading about 38 bucks a share. up more than 60%. the software developer provides support to a long list of clients including box, netflix, spotify and yelp. joining us now is the ceo, jennifer, congratulations. >> thank you for having me, jon. >> the way i think of pager dduy is you're looking ought all of the digital operations in a company and analyzing it, contacting the right team to come and fix it before it blows up. how do you explain it and who the competitors are? you mentioned splunk in your s1. >>

. >>> over to brian sullivan live in houston with a look at what's up next on squawk of the street. ning, morgan. we'll give you an exclusive look at one of the most devastating chemical fires and leaks in years. a month ago this started burning, leaking dangerous channels under the ship channel of houston and shutting down most of the channel that way coming up after the break, we'll talk about why there seem to be so many large-scale industrial accidents, how they end up costing billions of dollars, putting lives and jobs at risk as well, and why this could be the infrastructure crisis in america that nodoby but cnbc is talking about. that's coming up right after this >>> netflix reports earnings after the bell find out what to expect from the streaming giant on trading nation .cnbc.com more "squawk on the street" coming up. ♪ there are roadside attractions. and then there's our world-famous on-road attraction. if you've never seen yourself in a mercedes, you've never seen these offer. lease the 2019 glc 300 for just $479 a month at the mercedes-benz spring event. hurry in before a

i am brian sullivan. it is an incredibly busy thursday morning, and light get right to it. we have two major braebing headlines right now. new details crossing on the cause of last month's deadly plane crash in ethiopia. let's get to frank holland right away with details on this breaking story frank. >> hey, good morning, brian. just minutes ago authorities released a preliminary report on last month's ethiopian airlines crash. this was the second fatal crash involving a boeing 737 max in the past five months ethiopia's transport minister says the initial findings show that the plane itself was airworthy. she says the flights take-off appeared to be normal. the report also says that pilots repeatedly followed all the procedures, but ultimately, they were unable to control this aircraft it also says there was no foreign object damage to the plane. in a separate statement ethiopian airlines says the report shows that the plane persistently nose-dived before this crash the report calls on boerg to review the controllability of the 737 max. it also says that airlines should ver

cnbc's brian sullivan joins us for a deep dive on that straight ahead. plants capture co2.ed it too? if these industrial plants had technology that captured carbon like trees we could help lower emissions. carbon capture is important technology - and experts agree. that's why we're working on ways to improve it. so plants... can be a little more... like plants. ♪ (danny) after a long day of hard work... ...you have to do more work? (vo) automatically sort your expenses and save over 40 hours a month. (danny) every day you're nearly fried to a crisp, professionally! (vo) you earned it, we're here to make sure you get it. quickbooks. backing you. we see two travelers so at a comfort innal with a glow around them, so people watching will be like, "wow, maybe i'll glow too if i book direct at choicehotels.com". who glows? just say, badda book. badda boom. book now at choicehotels.com >>> the trump administration has announced it will no longer waive sanctions on any countries that import oil from iran. the move comes as part of an aggressive pressure campaign by the administrat

i'm brian sullivan welcome to the "closing bell." great to be here we've not seen a market that's moving much today. one of the rare days so far this year with the s&p up about 17.5%. the averages there are mildly higher the dow fractionally lower i mean 0.04% so one of the rare days we've had this year with a little bit of calm out there. >> markets may not be moving, but we're moving a lot of news to bring to you today, including some stuff out of d.c sara eisen is in washington with a big interview with steve mnuchin. and we'll start there. sara >> hi, morgan. the news of the day, trade talks continue between the u.s. and china. this was the first time we got to hear from u.s. treasury secretary steve mnuchin on how his call went with the chinese premier liu last night here's what he said. >> it was very productive. ambassador lighthizer and i have been conducting these meetings on an ongoing basis. and i think he and the entire ustr team have been doing a great job. we have an enormous amount of staff at ustr and in the interagen

brian sullivan spoke with the ceo of priceline parent booking holdings earlier at the milken summit and he joins us now with the highlights hey, brian >> reporter: hey, wilf, thank you. it's getting a little muddy out there, isn't it? the hotel people now apparently want to be in the home rental business the home rental people want to be in the hotel business go figure. either way booking holdings, bkng-s right in the middle of it all and earlier today we had a chance to sit down and talk with the president and ceo glenn fogle. and that article on the marriott i said is this a bad thing for you, are you worried about marriott getting into your home rental space here's what he said. >> so marriott and us have always had a great symbiotic relationship while people they've us as xeerths we they've of ourselves as helping each other. our job is to put people in marriott's beds. so when they expand and end up with more beds we fill them with customers. it's good for both of us >> so i mean, listen, because, right, hair still booking rooms for marriott and yet now they're kind of -- what do t

get in all as worldwide exchange rolls on right now sfwa thanks for being with us on cnbc i'm brian sullivanet a quick check on your money. we broke a three-day win streak for the nasdaq and the s&p 500 yesterday. the nasdaq 100 breaking a seven-day winning streak right now the company beating o the top line daily active users coming in at 1.56 billion people. every day. the average rev new you per user dlarks it's $6.42. in what's app, stories, messenger, and instagram, those platforms now have 500 million daily active users all for the first time ever. all of this and that stock move despite facebook taking a $3 billion charge in the quarter. that is related to ongoing ftc inquiry. we're here with the managing director at lg investment advisors >> he intimated that the legal woes are not that big of a monetary concern the market obviously agrees. the stock up 8%. what do you think? >> i agree with jim, brian, and i'll give you a different analytic way to look at it the company makes in the neighborhood of $27 billion operating cash flow. the $5 billion if you take that out of the cash that

brian sullivan is on assignment.et's get you up to speed including a huge record breaker at the weekend box office. we're back with your executive recap. good morning >> good morning, courtney. here's what's leading cnbc.com right now. disney's "avenger endgame. it took in 1.2 billion dollars the record success means big money for disney the shares are up almost 2% in premarket trading. >> deal nuns, anadarka will entertain occidental's takeover bid. now if they decide to scrap the chevron deal, it will be forced to pay $1 billion breakup fee. shares are flat in premarket trading. >>> tesla reaching a deal with the sec over his wetweeting he can't tweet without permission the settlement needs to be approved by a judge. tesla shares are also up in premarket. courtney, i'll send it back to you. never ends. >> thank you for your help. >>> let's get you caught up on what's taking a look you can see we're mostly flat. lost a little bit of the upper momentum dow jones industrials futures up 3.5% take a look at treasuries y

. >> i'm brian sullivan. where the european union is about to kick off an emergency brexit meeting there are now just three days until the u.k. crashes out of the e.u. we're going to take you there live in moments, but, first, new details this morning on what just could be the largest technology ipo ever. let's get more on uber's big plans. frank holland with more on the ride-sharing company >>. >> uber will reportedly seek to sell $10 billion worth of its stock. the ride-hailing company will make its ipo registration documents public as soon as tomorrow it will will kick off its road show uber seeking a valuation between $90 billion and $100 billion it could make it one of the biggest tech ipo's sources say most of the uber shares will be sold by the company. the rest by investors looking to cash out uber's ipo comes on the heels of its rival lyft yes, sir nasdaq debut. lyft shares have fallen more than 6% since going public mainly on profitability concerns uber has a wider ranging business it operates in mo

brian sullivan "worldwide exchange" 5:00 a.m. eastern. >> ibm ceo ginni rometty, "squawk aid little." 11:00 a.m. eastern the latest innovation from xfinity isn't just a store. it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. >>> all right, when everybody else is at their most emotional crazed moments, that's when you need to be at your most empirical. surgical when wall street is afraid to take a deep breath and try to approach things from a more logical quantitative perspective and when a trade is trading wildly based on fear, okay, and hope, the best thing you can do is to remove your feelings from the equation how do you make that happen? i got one way. you fall back on the charts. technical analysis is far from perfect but it gives you a prism based on the observations and that's a

. >>> good morning welcome back thanks for being with us on cnbc i'm brian sullivan your top story todaysident trump is calling "the granddaddy of all deals. trump says there is major progress with china on a new trade agreement. he says we could have a final deal signed within weeks that's not all there is to the story. eamon in washington now with more good morning >> yeah, good morning, brian the president melt with the vice premier of china in the white house yesterday in the oval office the president were all smiles. they suggested that trade talks with the china -- the chinese dell gangs has been in town. i look forward to seeing president xi it will be here. if we have a deal, then we're going to have a summit if we don't have a deal, we're not going to have a summit >> so the president there saying four more weeks, ultimately, before he thinks they'll know whether there's a deal possible. he suggested that there will be a summit here in washington d.c. with president xi jing ping to announce any trade deal that they finalize over the coming weeks. this was an interesting one, tho

i'm brian sullivan welcom

. >> brian sullivan? >> las vegas sands earnings next week use options to play to the upside. >> that does it for us we're of >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica my job is not just to entertain, but to teach call me at 800-743-cnbc. or tweet me. today, we got about a year's worth of major business stories in a single news cycle disney reinvented itself jpmorgan had a stunning quarter. and that was good enough to send all the averages flying. dow pole vaulting 269 points disney and jpmorgan are in the dow. s&p gaining .6%. please, have no illusions, people this positivity will be hard to sustain. even though earnings season kicked off with an amazingly bullish bang, we'll be right back where we started from once next week rolls around unless apple comes in on monday and bids for both ab

. >>> hi, everybody, i'm brian sullivan in for telly today. have more on the ipo bonanza, with pinterest and zoom, strong debut so far. where do they go from here what does it mean for the next wave of ipos >>> plus, wall street brushing aside the mueller report for now. will it derail any attempts getting new policy dwon p done in d.c.? >>> and should they change the legal smoking age from 18 to 21. that's what is being proposed. we will talk about that. see you at the top of the hour. >> look forward to it, brian >>> shares of united rentals are higher today and after the company beat on the top and bottom line, our stock, one of our very own steve weiss has been buying that stock good day for you, congrats. >> thanks. and stocks sell cheap. i would like to buy more if it pulls back the story hire is there's some concern because weather was so bad in the first quarter but the ceo came out and i mentioned on air about a month ago saying look, it's not bothering us, we're fine so you have a ceo able to manage this company extremely well, numbe

i am brian sullivan.congrats to our cnbc colleagues tyler matheson and mary katherine wellens. both are uva grads we may not see them back at work the rest of the week let's check in on tyler, shall we let's kick off the second half of the show with your executive recap. we'll get to that in just a minute right now outside the world of money and business and get a check on the other top headlines, including the fastest of all the fast food drive-through. francis riviera, welcome >> you'll have to wait for that until the end. we start with attorney general b barre who will testify since releasing his four-page summary in the special counsel investigation. you can expect plenty of questions about barr's handling of the mueller report. >>> the shake-up at the department of homeland security is starting to look more like a total overhaul less than 24 hours after dhs secretary nielsen resigned under pressure, the director of the secret service, randolph, is also out it appears that trump senior aide steven mil

our own brian sullivan speaking with former white house adviser steve bannon earlier today bannon making some headline-grabbing comments about china and its relation to corporate america. >> the high operation of the chinese communist party and what they're running in china is being funded by wall street, and corporate america. remember, pbs or npr had this thing the other day about intrusions into stealing intellectual property in american companies they talked to a treasury official that went around to like 200 companies not one company had been stolen from would press charges because they didn't want to be blacked out of china corporate america today is the lobbying arm today of the chinese communist party and wall street is the investor relations department. >> my guest is no stranger to dealing with the pressures of doing business overseas. international paper has a strong presence in china but has recently been divesting there. mark sullivan is president and ceo of international paper welcome. >> good afternoon, kelly happy to be here. >> tell us what you don't like about doing bus

here to break down today's headlines are julia boorstin, brian sullivan, who's in rare form, and leslie picker. >> it's not rare, it's very common >> big, big topic of the day, disney kicking off their investor day later on. investors are eagerly awaiting details on the new streaming service. in the meantime, their competitors are raising prices netflix, youtube tv, slingtv, and directvnow all hiking prices >> but hulu did lower the price of their on-demand price either the commercial one, where you just pay for on demand, not for television but here's the thing, disney owns two-thirds of hulu, so they'll be bundling hulu together with espn plus so we'll have to see what kind of package they give people >> when youtube tv launched, so march 2018, it was $35 it is now $50. that is a humongous increase percentage wise for a service where the entire appeal basically, leslie, especially to cord cutters, is cheapness >> is price! >> it's all about price in this market and we actually still have cable in my household, we pay for that every month in addition to some of these streaming services

crude prices jumping brian sullivan joining us talking about the new iran sanctions reports that are g and the equity reports as well, brian. >> reporter: yeah, listen. jim cramer has talked about this oil has gone up. that has pulled the market up. at some point there may be a breaking point we'll find out where that is either way, back to the key story. last year united states imposed sanctions on iran. nobody should be buying iranian oil, however, a number of countries, china, japan, south korea, they've petitioned for wavers we'll stop buying iranian oil but we need time this is part of our long-term supply strategy. those wavers for six months were granted. those wavers are now rolling off and according to numerous reports, guys, the u.s. government does not want to extend it. in other words, saying to our allies, hey, do not buy anymore iranian oil, period. they want to bring down iranian exports to zero. now keep this in mind. iran produces about 2.75 million barrels per day. that is way down from where it used to be but still it's a lot. one of the biggest opec users. iran doe

. >> brian the way, brian sullivan covers this story better than anyone, other than except you. >> hes the ins and outs of gas. i cover the mna. >>> let's get to chipotle. had improved same store sales outlook. chipotle shares are up more than 60% so far this year kate rogers, although down 6% there. kate rogers with us now. she's here at post 9 she's joined by brian nichol who's getting -- >> that's what i need -- >> touches of makeup. >> a little t stone. >> we don't want anybody to look bad when they come on. >> david and jim, nice to see you both brian, thank you so much for joining us this morning. we're glad to have you here. >> good morning. thanks, guys good to be here. >> so, brian, the digital number this quarter was huge. 100% growth year on year you had a few initiatives including that free delivery offering you also had the lifestyle bowls this quarter what do you think ultimately pushed the digital number over the edge and contributed to that 9.9%. >> if you've experienced our app, i think it's one of the best out there people just really love the experience of having th

back, our exclusive interview with comcast chairman and ceo brian roberts make sure you catch brian sullivan'sith former trump aide steve bannon and hedge fund manager kyle bass they'll talk about china and the world stage and what it means for your money catch that interview today at 10:30 a.m. eastern time. "squawk box" will be right back. plants capture co2. what if other kinds of plants captured it too? if these industrial plants had technology that captured carbon like trees we could help lower emissions. carbon capture is important technology - and experts agree. that's why we're working on ways to improve it. so plants... can be a little more... like plants. ♪ >>> big morning for stocks including 3m 3m will be a big weight on the dow this morning the company missing on both the top and bottom lines it is also cut its full-year earnings outlook and the company has announced a restructuring that will see it cut 2,000 jobs worldwide, indicated down opening more than 8%, via heavy weight on the dow this morning that is well over 100 points of negative impact on the dow index. you see the br

saudi aramco he's first international bond drawing in record-breaking $100 billion in orders brian sullivan joins us now with more on that story we were talking about the front page of the financial times this morning, brian, where it said effectively that investors are drawing a line on this offering. we were under it we were discussing what that really means >> it means that the market is going to look past some of the other issues jamal tosh the main one, obviously. >> to be clear that doesn't mean they're selling $100 billion in bonds. it simply money that they could possibly sell $100 billion in bonds because that's how much quarter interest there is. they're only going to sell $12 billion worth of bonds to what do you attribute all of this demand, and he really said it's because the company wasn't really known that much before. >> i think the bond has concerned the true valley of aramco it hasn't been very well known, and the prospectus that came out with the bond, i think, has shown very clearly that it has exceptional financials i think they came to realize that this was an opportun

brian: break it all down. ed sullivan, do we have anybody like him today?there were certain majority that a huge majority of america watched. it was hard to imagine one show getting the majority. there was the honeymooners, at sullivan hosted a variety show back in the 1950's. it relates to my book because a guy i admire, bruce springsteen. bruce springsteen was seven, he was living in freehold, new jersey. he was watching the ed sullivan show and saw that moment, he saw elvis presley. it was like he saw as he put it in his book, fun, fun of. you saw how radical elvis presley looked here and you have those guys in a suit and tie and presley does not dress like them, he does not move like them, his whole affect is different. that was a cultural revolution. in a book i have a concept called annunciation moments that prefigure all the rest. he gave him encompass any saw the magnetic forces want to study those. he said when he was seven he saw his first jellyfish. so the wonders of the ocean and became a naturalist at that moment. i am a lesser figure than them

. >> physically here, rather than -- and brian sullivan, if he called me, i probably wouldn't come onbecause i love brian, too anyway, u.s. equity future -- and i love you i love all of our guests good morning >> good morning. great to be here. >> i don't want to leave you out. i do not like producer though, greco. he's been here like 50 years, too. anyway, we're down 32 points on the dow. nasdaq down 22 -- >> almost as long as you. >> almost as long as me. the s&p down -- i just missed the 30th thing by a year. >> i know. you get no love. >> i get no love what's making headlines? >> let me tell you. >> this is not about me today. >> yeah, not all, but the beginning was pretty good. >> right. >> here is what's making our headlines this hour. >>> uber unveiling terms for its initial public offering. the ride-hailing company anticipating a price range between $44 and $50 a share. the valuation saw it as less than the $120 billion valuation that many bankers told uber it could fetch and that a lot of people kind of rolled their eyes at but despite the local elower va, it could be the low

brian: break it down? ed sullivan, do we have anyone like him?id: there were certain majority that a huge majority of america watched. it was hard to imagine one show getting the majority. here was "the honeymooners" ed sullivan hosted a variety show back in the 1950's. it relates to my book because a guy i admire, bruce springsteen. bruce springsteen was 7 and he was living in freehold, new jersey. he, like the rest of america, were sitting around watching "the ed sullivan show" and saw that moment, saw elvis pressley. it was like he saw out of the world of gray, suddenly as he run," is book "born to fun, fun appeared. you look at the guy behind him, in suits and ties, and pressley isn't like him, he doesn't dress like them, doesn't sing. his whole affect is completely different. that was a cultural revolution. spreeng steen at that moment said, that's what i want to be. i have things enunesiation moment. something that happens in life that prefigure all the rest. for einstein when he was 4 his dad gave him a compass and he saw the magnetic forc

brian: what impacted somebody like ed sullivan, or the beatles, or elvis have amish country?: they defined -- have in this country? defined a culture. the culture you see on else sullivan -- ed sullivan is the culture of the 1950's. they do big things, like fight the depression. they needed a culture that said we are all in this together. you did not want to stick out too much, you wanted to dress the same. there was the culture of i am no better than anybody, but nobody is better than me. . you did not say i am from chicago, you said i'm from 59th and polaski because the neighborhoods were supertight. it was too conformist and too boring. the food was boring. it was also racist, sexist, anti-semitic. along comes elvis pressley and says i am breaking this. the beatles state same desk say the same. it is much more individualistic. much more open. it was cool to be young and not all. to be a rebel and not an institutionalist. the culture shifted from elvis pressley to woodstock. we needed to go through that change. it was good for america. we have had 60 years of hyper individu

sullivan sings tenors high notes. steve: you guys have been together since high school? >> sung together in the boy's room in the high school. >> nix connect co. brians. which one do you like better? >> this is our original quartet. old pictures of us, harm noising back in the 1980s. this is the original quartet. my old pals from high school. ainsley: did you see the movie the breakup? >> i did not see the movie. ainsley: you didn't? got to watch it. there is a quartet on there. not the lone rangers, but the lone, it was really funny. i shouldn't have asked that. i thought one would have seen it. steve: because national barbershop quartet day, would you sing a song? >> sure. give us a note. brian: we'll get out of the way. here they are. ♪ ♪ no need to come back at all, let's take a powder for boston chowder, let's get away from it all ♪ ♪ we'll travel around from town to town, we'll see every state ♪ ♪ i repeat i love you sweet, so sweet, in all the 48 ♪ ♪ my darling let's go again to niagra, this time we'll look at the false, ♪ ♪ let's get get out of our rut he, let's get away from it all ♪ ♪ we'll travel around from town to town, we'll visit ever