welcome to "cashin' in." welcome everybody. 298 innocent people dead from the plane attack and now this. >> we have new evidence that the russians intended to deliver heavier and more powerful rocket launch towers the separatist forces in ukraine and russia is firing artillery from within russia to attack ukraine. >> how many more have to die. president obama will deliver a strongly-worded tweet. how about strong actions? >> this president gives off the impression of red lines. as soon as someone cross it he doesn't do anything about it. obama loves being president but doesn't love the work. you can't just wag your finger and give these empty threats. you need to do something. what we ought to be doing is speeding up our natural oil and gas exports because if we can reduce other countries dependence for oil we can reduce russia's wealth and influence. >> john, michele is absolutely right. that's where you hit russia hard with the sanctions in the oil sector. are you for sanctions? >> eric, i think limited san

cashin in holding everyone accountable starts right now. hi, i am eric bolling. the crew this week, wayne rogers, michelle fields, and bob beckel. welcome, everybody. bizarre, aloof, detached. all words democrats use to describe president obama's handling of the border crisis, as the situation intensifies, the president is playing pool, drinking beer, fundraising, while he asks american taxpayers for $3.7 billion more to deal with the illegals. count this texas mom out. >> it is not right. not billions of dollars want to be borrowed from the white house to help feed and house them. what about [bleep] kids here in our neighborhood, in our country? not just in this neighborhood but in our country! all these kids, really? why can't they go back. i'm sorry that the parents are in poor conditions or surroundings, whatever is going on there, i don't care. i care about what's going on here in my own background, my neighborhood. >> what the heck is going on. president obama lame duck president or lame president. >> well, eric, you know, him going down to the border, maki

the outrage of the week on "cashin' in." two more tragic plane crash, one >>> it's getting a little scary in the skies. two more air disasters this week, one in taiwan and one in mali. both flying in bad weather and coming on the heels of the plane that was shot down in the war zone in ukraine. one pilot telling me the following. >> these days everything is about money and obviously airlines are trying to shave off a few minutes of the flight time and save some fuel by going the shortest distance between two flights that happen to be over a war zone. >> sabrina, that guy knows what he's talking about. are airlines putting money over safety. >> i don't think it's quite that simple. i was in savannah. i had to be diverted around a big storm. it took an extra half hour. last night my husband flew from charlotte to d.c. they went around. they shared it with everybody. it's not simply dollars versus safety. i learned about a company that considers all the many variables that a company like airlines have to take into consideration

the cashin in crew wonder how the cashin in crew wonder how you can do that. [ grunting ] i'm taking off, but, uh, don't worry. i'm gonna leave the tv on for you. and if anything happens, don't forget about the new xfinity my account app. you can troubleshoot technical issues here. if you make an appointment, you can check out the status here. you can pay the bill, too. but don't worry about that right now. okay. how do i look? ♪ thanks. [ male announcer ] troubleshoot, manage appointments, and bill pay from your phone. introducing the xfinity my account app. >>> welcome back. attention taxpayers, it is already called the next big bailout. according to a new report, the federal agency insuring millions of pension plans will have a deficit of nearly 50 billion bucks in less than 20 years. carrie, you say only one thing could fix this. what is it? >> pensions are a relic from the past, from a manufacturing based economy. we are an information based economy. we need to shift our employees onto 401(k) defined contribution plans, we will get a more accurate reading of liabilities and the

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the outrage of the week on "cashin' in." two more tragic plane crash, one pilot is accusing airlines of putting money over safety. some here say they have proof that's not true. >>> new scares in the air after that malaysian airline was shot down. two more planes crashing two more planes crashing overse dsl myth #1. it can help your business save money. two more planes crashing overse false. the truth is when you compare our fastest internet to the fastest dsl from the phone company, comcast business gives you more for your money. why pay more for less? call today for a low price on speeds up to 150mbps. and find out more about our two-year price guarantee. comcast business. built for business. >>> it's getting a little scary in the skies. two more air disasters this week, one in taiwan and one in mali. both flying in bad weather and coming on the heels of the plane that was shot down in the war zone in ukraine. one pilot telling me the following. >> these days everything is about money and obviously airlines are trying to s

cashin who is watching all the indicators.ets, watching to hear what the president will have to see to see whether that contagion factor is alive and whether it's a concern. >> right. as usual when we get into this kind of environment, we don't let art stray too far. he's still here at post 9 and will hopefully walk us through with wisdom if it calls for that. for the time being, guys, thank you. the dow is down 113. we've lost dow 17,000. we've most, if not all, of friday's gains, so we'll keep an eye on the market as the president is expected to make that statement on the south lawn in a few moments. in the meantime, all of this, of course, surrounds not just ukraine but gaza, the malaysia airlines flight is the big story. for more on that, we go to nbc's katy tur who joins us from amsterdam. katy, good morning. >> reporter: good morning. we've been focusing on the victims out here in the n netherlan netherlands. most of the passengers were from the netherlands. we spoke to one father last night who said that he just can't b

dennis, is art cashin right?, i had the great pleasure of marinating a few ice cubes last week with art. and yes, art is right. the world is concerned that prosperity may break out. i think prosperity is, in fact, breaking out. port activity is up and that's a very good barometer of activity. tax receipts are up 7% to 8% on the year. a lot of things i'm looking at tell me the economy is doing nicely, thank you very much, and i think it's going to continue. yes, it is amusing and i think artists spot on, the market is worried that prosperity may break out, that interest rates may go up. they probably shall, but i don't think they're going to be detrimental to the stock market. >> and it's not just this market concern or the chatter of the pros, larry. it's a lot of theory tail public that has this sense of it being a castle built on sand or on air or something. what do you say about these concerns that it's all froth and speculation. do you think people will come out to view some sort of fit thing? >> prosperity a

art cashin still here at post nine. said portugal is 930% of this, and some argue fed minutes confirm what they thought, serious about tapering, and there's no additional whisky in the punch bowl. >> i don't think they surprised anyone with the tapering in object. fisher had it telegraphed that much earlier m i think it's 90% portugal and europe as a whole. >> seeing steep declines as the u.s. market opens here across europe, france down 2%, germany, belgium, i mean, really, declines throughout the board, like the days in the debt crisis. >> i want to talk levels really quick. what are we watching? >> well, if you do enough damage, i would be careful if we break s&p 1928, 1932, that'll do damage to the charts, and also, keep your eye on the risk monitor profile. gold is up nearly $20, and watch the 10-year, see if the yield goes below .25. >> losers out pace winners. bar ji clays starting the launch of the leadership index. over at the nasdaq, a visual spk kl with women in wireless lighting system play in new york city.

art cashin.n the us, half of the economy of north carolina but speaks to the broader problems not addressed. is that a risk going forward into the second half for the u.s. market? >> that's a great point. the banks are doing all they can. they're basically lowering ratings and most importantly trying to instill confidence as to bring corporations to invest more in capital spending people, et cetera. the one big surprise that happened over the last month is we've seen negative sentiment in much of the eurozone. that is a danger. we'll see how that plays out for the second half, but i would focus on the european sentiment, because i don't think liquidity will be as much a problem. >> what's your world view on u.s. equities for the rest of the year? obviously a lot to get through in the summertime. fed minutes added to that yesterday. how do you see the year shaping up? >> very modest gain. still positive between now and the year-end. prefer japan among, in terms of equity exposure. however, one thi

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the cashin in crew wonder how you can do that. we report, you might want to run and hide. >>> welcome back. attention taxpayers, it is already called the next big bailout. according to a new report, the federal agency insuring millions of pension plans will have a deficit of nearly 50 billion bucks in less than 20 years. carrie, you say only one thing could fix this. what is it? >> pensions are a relic from the past, from a manufacturing based economy. we are an information based economy. we need to shift our employees onto 401(k) defined contribution plans, we will get a more accurate reading of liabilities and the taxpayer will be rescued. >> john, here's the thing, we're talking about bailouts of company pension plans. this is the last rubicon. why should a federal taxpayer step in to bail out a pension plan in another state? what do you make of it. >> i don't like it, the federal government shouldn't bail out failed pension plans. one area i disagree, i don't want rules. some companies want to offer benefit plans, some want to

art cashin on the floor said the sell-off about 90% due to what we're seeing in portugal. worries about the biggest bank, the ten year exploding. >> yeah. my biggest concern has been rates. the ten year, in italy and spain. but i think what was most interesting today, when i looked at the emerging markets, the msci, i thought i would see red across the board. actually, the msci was flat today. i think people stepped back, said, you know what? if the emerging markets are flat, why should the u.s. be down so much? now, my issue on europe is that i think it's fully valued, why too points cheaper, got the banks in it. those banks make it cheap, look cheaper, but it's not. the u.s. market, to me, is still the safest market. the best market. it's come back. it's good to see every once in a while. i think we're fine and still have concerns about emerging market. dealing with the flow of funds that went into the markets and you have to be cautious of those. particularly with the news we saw from chinchina. >> hanging hats on being a leadership group into the half, done well. oil d

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the cashin' in gang is coming up at 11:30. >>> should dining ban all cell phones? thlook what i got.p. oh my froot loops! [sniffs] let's do this? get up! get up! get up! get up! loop me! bring back the awesome... yeah! yeah! yeah! with the great taste of kellogg's froot loops. follow your nose! >>> coming up, before you chow down, you better put that phone down or you may not get served. >>> and crumbs may have expired, but >>> hello, miranda? >> well, what if i told you that one restaurant is trying to trademark no tech tuesday. it is going to ban technology from its restaurant. and tracy, you say that everyday should be no text. >> and we have a no tech bill, a and if you reach for it, you have to pay for the bill. and unfortunately, i get stuck with it every time. and don't play games or anything, and i agree with it, but the notion of no tech, you need it for emergency purposes. >> and jonas, mr. tech. >> okay. look, i'm for no cell phone talking, and that should be across the board, but the no e e-mail on the tuesday and you want a work crowd or bunch of early

. >> with ar cashin talking about this, and, art, the interfax agency reporting around 11:05 easternan plane down in the ukraine. a quick reaction. dow lost about 50, 60 points, and it's still to the down side right now. >> and you could see a flight to safety, as carl alluded to, yield on the ten year shot right down at 2475. and gold, which was up about $5 at the time, jumped to almost, up $20. so of that is coming back now as phil and carl speculated a couple moments ago, twitter feed, has a lot of unconfirmed reports in respect was some concern that it may have been shot down which side shot it down? was it the rebels? was it ukrainian government? the guessing right now is that it was perhaps shot down and it was a terrible accident. and that is why the markets are coming back a little bit, because that looks like a horrific accident, as it might be, it doesn't spread the warfare or destabilize things further. >> any passengers plane going gown obviously is a tragedy, but malaysian airplane going down, in the ukraine. it's remarkable. i blinked when i saw that, because, what are

>> cashin said 1950, important critical area for bulls to hold. below that, clearly. see where we go this afternoon. meantime, earnings, another part of the story. big loser, stock sinking, despite revenue that beat estimates. investors are concerned in the active business accounts increased a lot less than expected. meantime, micron, charter communications, whole foods, apple, among the names leading the nasdaq to the down side, do you more than 1.5%. amock the big players i know you want to talk about yelp, something about tech and earnings? >> broadly, these companies are expensive. any cracks in massive growth and massive opportunity they get punished. and in the information, an article out today talking how limited supply may prop up the tech stocks, because there aren't many ways to play it and not a lot of ipos. another point as well. hot air can easily come out of these stocks. >> we mentioned yelp. raised projection for the year. up 27. what's wrong with this? >> who cares about a little profit on a company that's $5 million? supposed to come in at 82,000 loc

joining us here at post 9, our own jon fortt, daily mail north america john steinberg and art cashin. cramer was on this morning and said the market might have gotten a little complacent on friday. that because of what's going on in the world, you really do need 1% or 2% to, in his words, shake people up. is that what this feels like? >> you can see the nervousness even as we're awaiting the president. you alluded a yield of the ten-year. it is now at a low of the day. you can see that nervousness is still built in there. i think people don't believe that this will disappear as rapidly as it looked for a brief period on friday to be. i think the market was generally oversold in a couple of cases. we saw things bounce back. the russell and all of the things that had been picked on in that monetary report by the fed. and so they got a bounceback there. >> right. russell, people are watching high-yield corporates now. things that you would expect to sell off first now leading to something broader, we will see. certainly back-to-back 1% moves after 62 days without. i mean, yellen said we

. >>> cashin' in just over an hour, and what is coming up?, brenda, as the world is on fire, we have a look at how the president is handling the deadly plane crash in the ukraine and the tension s s in middle east. and how the battle of the border, and how the illegal immigrant's rights are above our own rights. >>> and now, volatile times, the name to calm the fears in the markets. >>> predictions and gary b and what do you say? >> brenda, stressful times call for comfort food and comfort stocks. i like kraft. >> and jonas, bull or bear? >> i agree. >> and i think that qantas is up. i own it. >> and gary b? >> it is dull. i look elsewhere. >> and jonas? >> you won't find the security in the stock market, but you need a long-term bond of 5%. >> and john, bull or bear? >> i think that the stock market is still the place to be. >> all right. okay. and quickly, let's find out what everybody else thinks? >> down for the rest of the year. >> gary b? >> i'm a bull. >> okay. the cost of freedom "cavuto on business" is up next. >>> of all of the prob

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. >> everyone's watching the russell this days, talk k with art cashin yesterday, the worst drop since prim, focus on that whether that's a leader or says something about the strength of the recovery to see small caps sell off like this. >> a painful day yesterday than seen in the broader averages for hedge fund and event names. the period we had earlier this year, major averages knocked down, the hedge fund guys got hit dramatically as people start to take risk off. i hate to use that term, but it is the term in favor. >> well, could it be profit taking or the sign of a new trend? we are seeing futures lower this morning as wall street bases for the beginning of earnings season. alcoa preparing to post results after the bell. jim paulson, chief investment strategist with wells capital management. jim, not to make too big a deal of yesterday's retreat, but the dow only had four two-day losing streaks since may. it would be an anomaly to see stocks go down. >> yeah, certainly would. i think we're building a sense of a goldie locks economy, not too hot, not too cold, and people get a sen

art cashin helping us in a moment, and futures, again, mildly positive. a lot more "squawk on the street" from the nyse straight ahead. >> some say 35 % of drivers are considering switching from traditional gas guzzlers. >> the customer cannot automatically use when the battery runs out of charge, the customer has to contact the control center, and they fuel the last ten kilometers. >> it's the world's first family car on solar energy, a car that provides energy instead of just using it. we saw electric vehicles coming up, practical, but have a limited range, and on the other hand, we saw solar cars with a huge range, but not practical. >> you see it as a normal electric car. >> highlights from industrial revolutions. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choos

. >> i spoke with art cashin earlier today, and he said in essence you have a situation where there's still a risk out there, but traders are handy capping the situation. investors have taken the tuned to less get back into the markets some in ways. what's telling about the trade, if you look at the sectors, it's the cyclical ones. >> you talk about utilities, health care. but if you look at the overall picture, they have interesting, to go up and of course two big ipos -- not big, but two ipos are double digit. >> they are significant, though. >> it's a sentiment about the market. >> absolutely. dom, thank you. uptown to morgan brennan. the nasdaq is having a terrific day. >> that's right. the nasdaq is regaining ground after that 1.4 percentage drop that we saw yesterday, the largest since april 25th. today we're having the best day since may 12th. the nasdaq is currently up about 1.2% to 44.16, earnings playing a big part here, starting with google, class a and class d shares both up today, despite the worse than expected profits. we saw the 22% gain in revenue, tied largely to onl

art cashin just walked by and said window dressing today may be called window breaking. that seems to be what's happening right now as we are having our worst day now since february 3rd, at least for the dow. >> we'll watch the 10-year. it is at the 2.56 level now. if it moves to the up side or if, as mentioned, the sell-off spoox it t spooks it the other way. bertha coombs is keeping an eye on the big movers. >> exxon-mobil moving lower despite better second quarter earnings as higher prices offset a decline in production. exxon off more than 3.5%. tough session for kellogg as well after posting its fifth straight decline in quarterly cereal sales as most people look to have something else for breakfast. it also cut its full-year forecast, kellogg off 5.8%. 3-d printer makers are getting lambered today as 3-d systems posted weaker than expected second quarter earnings pressured by new printer product launches and heavy spending on research and development. meantime, t-mobile's road to being acquired turning into a bit of odyssey now that france's iliad made a $15 billio

. >> art cashin from ubs. >>> over to kelly evans.upon us. >> simon, scott, art cashin, thanks. >>> good morning, 8:00 a.m. in seattle, washington. 11:00 a.m. here on the east coast and "squawk alley" is live. ♪ ♪ >>> good friday morning, and welcome to "squawk alley." i'm kelly evans in for carl quintanilla and joining us, co-executive eder of re/code along with jon fortt and kayla tausche as post nine. good to see everybody. first up, has jeff bezos reached the end of his leash? a much wider than expected second quarter loss. 27 cents a share thersz the 15 cent street estimate. this is the company continuing to spend on new services, ste s nods and products. predicting further losses in the quarter and revenue rising in line with consensus. stock down sharply this morning. the story of the morning. eager with your whether this is warranted? >> jeff bezos doing what he's done forever since he started the company. they keep forgetting he does this. investing in all kinds of stuff. some crazy. some of this, this phone came out, wasn't

yield on the ten-year bond go to 2.60%, which got the stock market's attention, according to art cashinlier this morning. it's edged up a bit since then. you're up to date on interest rates. >>> gold prices are closing right now, so let's check in on the metals market, as we start a new week on wall street. right now we have the gold market down 3.60. we have a modest advance in the palladium market, but the rest of the complex is pretty much on the minus side. >>> seema mody is back with us. >> hey, sue, with the lack of economic data out today, investors are trying to understand what exactly is weighs on the markets. the fear of rising interest rates, that seems to be on investors' minds, especially after that better than expected jobs report we got out last week. in terms of some of the biggest losers, intuitive surgical, wynn resorts, micron tech, and the so-called momentum stocks tesla and amazon. the sell-off broad based in today's trade. despite today's movement to the down side, a couple notables. apple, the best performing stock on the nasdaq 100 in today's trade despite the re

we came precariously close, we were at 998.70 art cashin tells us but pulled back since that time.t rally to begin the second half of the year. >> it certainly is. let's get more perspective. jeremy hill from old black companies, matt will join us shortly from virtual financial as well. little bit of a scramble today. what do you think, jeremy? >> i think we'll go higher. this market probably has about 5% more through the year. i think we've seen some decent action in the last couple days and i this i that pour tends some good things going forward. >> we forecasted the second half of this year to be so strong so we're already, seems like we're picking up a lot of steam and we expected it to be stronger in the second half. if that's the case this market potentially could go higher. i think maybe we got ahead of ourselves. >> bill i should mention art cashin stops by, there is a buy-in program on the close that could help to lift markets toward that 17,000 mark these guys were just discussing. >> matt, this is new money coming in to start the new quarter here but is it possible that

. >> you know, rick santelli, art cashin had a great line earlier. he said markets are behaving as if peace has suddenly broken out across the middle east. peace certainly hasn't broken out between you and steve liesman, though. what did i miss earlier? >> oh, just a very calm discussion on the notion that, you know, interest rates in many ways are controlled along with other large swaths of the federal open market committee's jurisdiction, but all you stock traders out there, consider this example. if the federal reserve told you, you can trade microsoft, but only from the long side and only between $30 and $35, how would you feel? in terms of the markets? interest rates up a bit, but i'll tell you what, i listened to kenny, and he's a sharp guy, but when i look overseas, what i see is our second chart bunds, yields about five basis points away from new, all-time low yields. i look at the stock market in germany, the dax. it seems to have been stopped right before the fourth of july at 10,000. the cac, the french stock market looks like it's develop

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art cashin was just telling me, with this expiration here, it is small in size.y an imbalance of about $100 million to the plus side to buy here. so, not going to have a material impact on prices. we'll probably get some volume, as i mentioned, though, but right now the dow is up 109 points. >> heading into the close, david darst and dominic chu joining us now. good to have you here. >> nice to be here. >> did we just shake off everything from yesterday? gaza doesn't matter? ukraine doesn't matter? >> michelle, you're a geopolitical expert. the way they fix drop today, the people coming in to buy tells me that the party is not over in terms of the united states stock market. we all are in solidarity with the 299 people that lost their lives. this is possibly the moral bankruptcy of the people who shot that missile, same as september 1st, 1983, korea 007, shot down by the soviet union. the same as pope paul ii saying mass in krakow, 3 million people, and the same as chernobyl, april '86. those things contributed to the downfall of the bad guys. >> but it doesn't h

art cashin just pointing out, this is the first 1% move for the s&p in about 80 days here.h us here, you've got to decide, do i stay long in this market, into the night, or do i get out here? >> there is a new rumor i'm just hearing about, the white house in lockdown. i didn't hear it myself. i'm hearing it from people saying it here. that may change the picture. you may confirm that. it is word kind of traveling around which now sets a different tone. >> i think what we've seen today is a reaction that's understandable where we've seen the most volatile sectors move to the sideline. social media stocks, biotech stocks, solar stocks all down about 3%. that's the group that moved the most. i'd like to keep an eye on those high-yield stocks. second half of the year suddenly people are lightening up on the high yield. >> abc is the source? >> we're getting all kinds of -- let -- trust me, there's all kinds of stuff going on here. we're trying to ferret out what's real and what's not and letting the markets figure this out for us right now. >> the market seals to be getting wea

. >> well, then a point art cashin was making earlier was, well, we just showed the ten-year treasury yield. it's below 2.5%, and it hit its lows of the day as president obama was walking to the podium on some anticipation he might announce further sanctions against russia. that didn't happen and we've seen the market and the yields bounce back a little bit here in response. ron wiener, is that then the thing to watch here, as to whether the u.s. or other countries put additional pressure on russia? >> first off, i think the bubble's the bonds, it's not the stocks. i would sell into this kind of rally with bonds. i'd be very careful of bonds. it may take a year or so before that turns out to be a bad investment, but this is way too low. this is not normal. secondly, i think that the russian event, not the israel israeli/palestinian conflict has the financial issues to it. it's the russian thing. they've been battling, how many wars have we had with israel and the arab countries? that's going to go on, but that's not going to move ibm's earnings, it's not going to move ge's earnings to

that was art cashin's assessment earlier as the dow is off 35 points. next guest is just getting out of a hearing regarding the ex-im bank. it's the export-import bank that helps american companies do business overseas, a controversial agency lately, up for congressional renewal and being scrutinized by the republican congress because many feel it's an arm of crony capitalism. >> today a key witness in those hearings pleaded the fifth. it was a witness that was called for by our next guest. he's joining us in a first on cnbc interview, representative darrell issa, who chairs the government veracyoversight and committee. and we apologize if we have to interrupt once the president cuts in with more on the sanctions against russia. >> absolutely. >> let me cut to the chase. do you believe congress will renew the charter before it runs out september 30th? >> i believe we will. i believe that the work that's being done now to express the need for reforms, making the ig's findings of nearly 40 ongoing investigations a matter of public record and getting us tu

on the ten-year for that reason, too, watching a 2.6% level as it also expresses, perhaps as art cashin was saying, a reassessment of the strength of the payroll report. >> yes. >> maybe it's european concerns, maybe it's the typhoon in japan. all of that we'll get to in just a moment. meantime, the watch for the apple watch continues. the shares of apple higher again today in the range of 1.7%. they are inching towards $100 a share. that's near their nominal high, both before and after the split. the company poaching a top executive from luxury watch maker. just how much is on the line for apple whenever it does unveil this watch? we'll take a closer look. >> i guess they really are going to bring out an iwatch, aren't they? they're talking about the fall. >> at this point. look, if they can get it down to not having to be bulky and be with the phone right there and charge it so much -- and interestingly enough, and this is what we'll have to ask our guest later -- if they make it in switzerland, that could be a development that gets people interested. >> i'm just interested if it has