in the meantime, now back to cashin' in. . as amazon makes another move to take over the world. it could mean a world of hurt for workers. the company is are the ro reportedly looking at automation at whole foods, that could mean job cuts. and lisa what's good for amazon may not be good for everyone, is this a spreading issue? >> well, yeah, there's a study recent by pwc, 38% of jobs in the united states could be replaced by automation in the next 15 years. clearly, that would have a huge shifting effect on the economy and the jobs that are available today. eric: gina your thoughts on spreading concern over automation? >> the free market tends to do a pretty good job self-regulating. we've always had advanced technologies, somebody a checker today is somebody who is a technician on robotics, instead. it could even be a better job and work out better in the long run for some of these people. eric: your thoughts? >> and let's tie the needle and thread together here. it's very clear what we need to focus on is skilled labor force

fox, thanks for watching, keep is here, the number one business block continues with erbolling d cashin' in. eric: president trump taking on the elites of the world. pulling out of the paris climate agreement, criticizing germany for being unfair when it comes to trade and telling n.a.t.o. leaders to pay their fair share as they stood by snickering, and rolling their eyes. many are quick to bash our president, maybe this is what america needs, a president who looks out for american workers and taxpayers. i'm eric bolling, our crew this week, mercedes, lisa booth, rachel campos-duffy. he's calling everyone out, what do you think, is this good for america on the global stage? >> well, i have to tell you, eric, when i heard the president say i represent the people of pittsburgh not paris, i felt leak tlike the fourth of july. it's an amazing moment keeping his promise and and some cringe when he crashes their cocktail environment and tell them they need to foot the bill. but in middle america, they're smiling and doing a slow camp and a paris accord that disadvantages our workers and cause

now, back to cashin' in. >> president trump doubling down on his calls for a u.s. travel ban in the wake of the u.s. terror attack in london. his new push comes as we learn one of the suspects attempt today travel to syria before carrying out the deadly attack. and reportedly met with isis in libya. rachel, is president trump right to revisit this temporary travel ban? >> absolutely, and by the way, syria and libya are not hot travel destinations. these people should have been under extreme vigilance. i'm all for a pause. remember, this is not a ban, it's a pause to look again at how we're vetting people from these countries. we need to take political correctness out of national security. we need to return to common sense profiling, good police work and only letting in people into our country who we know love us and love our people. that's why this president was elected. it's a shame that we don't have that pause in vetting. eric: gina, take a look at the map. these are the countries of the proposed travel ban. the common denominator, sudan, yemen, syria, these are

book now at choicehotels.com >> i wanted to say thanks to our cashin' in crew. great week, everybody. time to wake up, america. we spend a lot of time week after week on cashin' in, we don't like it when democrats or republicans line their own pockets and use their power to set themselves up for life for money and power at yours and my expense. in a word they're swamp creatures. my project "the swamp", hot off the press, it outlines the lift of the d.c. swamp, lobbyists who take millions from corporations to those who sell their influence for corrupt reasons to fistfights, arrests, sex scandals and even murder. there is no shortage of stories for the books. pre-order "the swamp" at eric bolling.com. and have an amazing week, everybody. ♪ >> america's industrial heartland, nowhere was the loss of jobs from manufacturing more apparent than boarded up homes and factories of detroit. now there are amazing stories of rebirth and renewal in the motor city. proud americans taking charge and turning the city around. we're going to introduce you to amazing men and women

is it for "forbes on fox" have a wonderful father's day number one continues with eric bolling and cashin in. >> investigation into shootings of republican congressman steve as its intensify most in media are not highlighting thewrote of liberal politicians or liberal groups like when democratic congresswoman gabby giffords was shot they immediately appointed at tea party republicans like sarah palin both sides guilt of heated rhetoric be clear why media reaction so different i am eric bolling welcome to "cashin' in." >> welcome to everybody rachel the difference in the media pint out media hypocrisy going not that both sides don't do it, of course, they do but insure field like on the left, the rhetoric has been more violent heightened. >> absolutely full scloufr you disclosures husband a congressman very tough for my family the media is so unfair about this we know that had this been a trump supporter shot democrats at baseball game the blame would have been laid directly at feet of donald trump. and i will point out, also, that i have heard nothing from the media or from the democrats

go to dav.org. >> i want to say thanks to our cashin' in crew for joining us. great week, everybody. time to wake up america. it's amazing to me how biased the mainstream media is. every time i think they can't get worse, they do. while the mainstream media spent the last two weeks microamlizing russian ties. the commander-in-chief was quietly putting up serious points on the presidential scoreboard. the mainstream media spent the last few weeks in deep dives surrounding russian collusion with donald trump. guess what that uncovered. koefefe. and it lot of it. and the speech struck the right tone with the allies on board, we will defeat terrors. job creation numbers have been solid and stock market records a new high almost every day and that's investor confidence for the future. no investor in his right mind places money on the past, solely on the economic future. sorry, obama lovers, this is trump's economy now and this trump's economy now. and you didn't hear that. neil gorsuch was seated on the supreme court, that's one of the biggest win. and why a vote fo

is it for "forbes on fox" have a wonderful father's day number one continues with eric bolling and cashinare not highlighting thewrote of liberal politicians or liberal groups like when democratic congresswoman gabby giffords was shot they immediately appointed at tea party republicans like sarah palin both sides guilt of heated rhetoric be clear why media reaction so different i am eric bolling welcome to "cashin' in." >> welcome to everybody rachel the difference in the media pint out media hypocrisy going not that both sides do

cashin' in the bottom of the hour. what have you got. >> as they're focusing on comey are the real concerns of american people falling on deaf ears. as the government cracks down on leakers, one celebrity is encouraging more leakers. is this crossing a dangerous line? we'll see you at 11:30. david: up first, amazon offering people on food >> well, amazon is cutting a deal for folks on food stamps. sign up for its premium service and cut the price nearly in half, but john says, if you're streaming videos every month every at a discount you shouldn't be getting taxpayer assistance period. david: let's show how much we're spending on food stamps. it's gone up a now, now 71 billion. go ahead. >> let's be clear that the united states won the war on poverty long time ago with economic growth. the evidence supporting that claim is the fact that people risked their lives to get here every year in order to cure their poverty. it's the idea that we need more food stamp spending, people need to make better decisions. if amazon wa

david: cash n-- cashin' in gang. eric, what have you got. eric: president trump's china's efforts to rein in the rogue nation are not working. is it time to take action. and amazon's taking all with the purchase of whole foods. how they could take down american jobs. david: it appears another state is running out of money to pay their bills. somebody here says, >> well, talk about a crash crunch. illinois, the latest state facing a possible financial meltdown. the governor warning that the land of lincoln headed to banana republic due to costly pensions. and one says don't bail them out. why not, rich. >> and you encourage this behavior across the united states. whoever promised these kind of pensions were imbeciles or liars. you can't come to the conclusion when you pay the outrageous pensions for 20, 25-year careers. david: so mark, don't pay off the damn liars. >> look, i think this needs to be put in context. illinois is not a high spending state, but it has monumental pension liabilities as you mentioned and it's going to have to raise

david: and the cashin' in gang ready at the bottom of the hour, what have you got. >> talking the talkalking the walk. president trump on fair trade and paying their fair share, why taxpayers might be loving his tough love. the hillary clinton blame game continues. what she says cost her the election this time. >> we'll be watching. up first, some venezuelan protesters turning their anger from their socialist government, to a new target here in the u.s. we'll tell you who and why we'll tell you who and why coming up next. we'll tell you who and why coming up next. so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a da

cashin is also a professor at georgetown law. this conversation, part of our race matters series, was recorded yesterday. sheryll cashin, thank you very much for join us. so the title of the book refers to the virginia couple, richard loving, his wife mildred who were arrested and thrown in jail for the crime of marrying each other in the state of virginia in the 1950s, and then in 1967, the supreme court decision. but your story, your telling of this story, the book, goes much earlier than that, to before the beginning of this country. >> the law was created as part of a law of shavery. in the 1600s you had white indentured servants and black indentured servants and slaves working together, fraternizing together. and when slave owners wanted to transition to black chattel slavery, that had this problem. so they put in slave codes, laws that penalized interracial sex and marriage, and that began in the 1660s. so for the next 300 years, you had the state of virginia and other states trying to separate people like mildred and richa

david: and the cashin' in gang ready at the bottom of the hour, what have you got. >> talking the talk walking the walk. president trump on fair trade and paying their fair share, why taxpayers might be loving his tough love. the hillary clinton blame game continues. what she says cost her the election this time. >> we'll be watching. up first, some venezuelan protesters turning their anger from their socialist government, to a new target here in the u.s. we'll tell you who and why we'll tell you who and why coming up next. there's nothing traditional about my small business. i count on my dell small business advisor for tech advice. with one phone call, i get products that suit my needs, and i get back to business. ♪ of being there for my son's winning shot. that was it for me. that's why i'm quitting with nicorette. only nicorette mini has a patented fast dissolving formula. it starts to relieve sudden cravings fast. every great why needs a great how. every great why i did active duty 11 years.my in july of '98. and two in the reserves. our 18 year old was in an accident. when i call

david: cash n-- cashin' in gang. eric, what have you got.ic: president trump's china's efforts to rein in the rogue nation are not working. is it time to take action. and amazon's taking all with the purchase of whole foods. how they could take down american jobs. david: it appears another state is running out of money to pay their bills. somebody here says, don't bail them out. let them cut their way out next. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. i love how usaa gives me the and the security just like the marines did. at one point, i did change to a different company with car insurance, and i was not happy with the customer service. we have switched back over and we feel like we're b

david: and the cashin' in gang ready at the bottom of the hour, what have you got. >> talking the talk and walking the walk. president trump on fair trade and paying their fair share, why taxpayers might be loving his tough love. the hillary clinton blame game continues. what she says cost her the election this time. >> we'll be watching. up first, some venezuelan protesters turning their anger from their socialist government, to a new target here in the u.s. we'll tell you who and why coming up next. ♪ it's me and my best friend only new tena intimates has pro-skin technology designed to quickly wick away moisture to help maintain your skin's natural balance. for a free sample, call 1-877-get-tena. z282uz zwtz y282uy ywty >> as violent protests continue in venezuela, critics are bashing a wall street bank for buying debt. some say the future isn't silver suits and houses on mars, it's right now. think about it. we can push buttons and make cars appear out of thin air. find love anywhere. he's cute. and buy things from, well, everywhere. how? because our phones have evolved. so isn't i

cashin' in the bottom of the hour. eric, what have you got. >> as they're focusing on comey are the real concerns of american people falling on deaf ears. as the government cracks down on leakers, one celebrity is encouraging more leakers. is this crossing a dangerous line? we'll see you at 11:30. david: up first, amazon offering people on food stamps, offering can go that says do we need to cut food stamps. that's up next. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. >> amazon offering a half off sale for prime service, but you have to be on food stamps to get it. and now some on forbes say >> well, amazon is cutting a deal for folks on food stamps. sign up for its pre

david: cash n-- cashin' in gang. eric, what have you got. president trump's china's efforts to rein in the rogue nation are not working. is it time to take action. and amazon's taking all with the purchase of whole foods. how they could take down american jobs. david: it appears another state is running out of money to pay their bills. somebody here says, liberty mutual stood with us when a fire destroyed the living room. we were able to replace everything in it. liberty did what? liberty mutual paid to replace all of our property that was damaged. and we didn't have to touch our savings. yeah, our insurance won't do that. well, there goes my boat. you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insurance. dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia looking from a fres

cashin' in the bottom of the hour. what have you got. >> as they're focusing on comey are the real concerns of american people falling on deaf ears. as the government cracks down on leakers, one celebrity is encouraging more leakers. is this crossing a dangerous line? we'll see you at 11:30. david: up first, amazon offering people on food i was out here smoking instead of being there for my son's winning shot. that was it for me. that's why i'm quitting with nicorette. only nicorette mini has a patented fast dissolving formula. it starts to relieve sudden cravings fast. every great why needs a great how. every great why why do some cash back cards make bonus cash back so complicated? they limit where you can earn bonus cash back to a few places and those places keep changing every few months. the quicksilver card from capital one doesn't do any of that. with quicksilver you earn unlimited 1.5% cash back on every purchase, everywhere. leave complicated behind. what's in your wallet? >> well, amazon is cutting a deal for

let's bring in art cashin with ubs.2 record closes this -- for the s&p this year. 37 for the nasdaq. amazing resilience. does it continue? >> it may well. although we have a couple of surprises here. the saudi arabian situation with qatar and what's going on. i think that probably has as much of around iranian bend to it as anything else. but they're citing the muslim brotherhood, that could inflame things slightly. i think all eyes are on thursday. you have the british election. you have the ecb and you've got comey's testimony. so that would be an absolute big wild card. markets this morning are thin and ill liquid. most of europe is closed for a religious holiday so we're susceptible to air pockets and surprises so while it looks like a slow and quiet opening, we'll keep an eye -- i'm going to watch oil which tried to rally on the qatari thing. but rolled over. and now threatens to break 47 which i think will bring in sellers in equities. >> it's been hard to get across the board gains in june for the past ten years.

we'll take a short break opening bell, after this >>> just a few minutes from opening bell art cashin is with us. we just talked about dragi's comments and what yellen might say after lunch. the bulls have the ball, techs need to regroup, you say, and there's some possibility of month-end buying. >> it's month end, quarter end and end of the half. people do have to put some things back in order the techs, in particular, need to regroup here, however the reversal yesterday was a bit ugly there were various rumors around it some even tried to attribute it to the supreme court allowing the president's travel ban to go in, that it might make it more difficult to get hib visas and people coming in it's really up to the nasdaq and the teches to turn this around and then i think we can see new highs. if they fail to, then we're in for a bit of trouble. >> yesterday in that reversal, the biggest -- took 1% across the board. seems right now, though, the banks picked up yesterday. overall market continues to find a way to support itself. >> it's been remarkable, the rotations that have come in.

. >> art cashin says he always sides with the bond market jurrien timmer, thank you.utures pointing higher. >>> still to come, big changes could be coming to the american/cuban policy. >>> and a look at the mystery chart. this stock is a big underperformer this week down 20% the answer to what that stock is coming up. >>> and as we head to the break, here is the national weather forecast from bill karins. >> good friday morning to you. across the country the heat wave will be enveloping areas from the steep south to the southwest. we'll watch severe thunderstorms over the next couple of days the biggest threat is 9 million people at risk from lincoln to omaha and des moines kansas city and st. louis could see a strong storm or two. into saturday the heat builds into the middle of the country we'll see the extreme heat in areas of california and the des zertd southwest. 35 million people are at risk of severe storms. detroit, chicago, kansas city, st. louis once again for father's day we will see a warmth up the mid-atlantic with an afternoon storm possible. the real h

. >> we're very proud of that animation. >> there he is, is the studley arthur cashin. sometimes he smiles he's not that scary looking. >> i think we've seen the effects of this -- already the imbalance on the sell side the dow was down about 60 points a moment ago that the low for the session right there. we've just bounced off that. fedex will announce earnings in just a few minutes yesterday ups said that it would raise shipping prices at christmas as online shopping and consequent deliveries continue to soar. more of the retailers are going online so they will charge a little more for that what do you think? will fedex do the same, and what should we do with fedex as an investment right now >> we've got a bull and a bear on this side of the debate here to debate fedex, principal and managing partner at braten capital and david dietz, investment strategist at pointview wealth management. david, i'll start with you they can implement a surcharge now following ups. the stock has outperformed its rival and the broader markets so far this year. earnings expectations are

art cashin mentioned we had 350 million to sell. pushed us down ten points.or much of the session, really since the senate released its version of the health care bill. we saw the insurance company, the hospitals leading these indexes higher, but that did moderate with the dow dropping 12 or 13 points on the close to fall below 21n100 and the nasdaq managed to stay positive and as all this shakes out that's still thecase, 6236 and russell 2000 an outperformer today, up a little more than a third of a percent to 1404h.earnings heading our way. bed bath & beyond, same-store sales solid in past quarters will the positive momentum continue or will they be revealing yet more pain across the retail sector? those results coming up. financials trading lower ahead of the first round of stress tests due out in the 30 minutes time we'll get you the results as soon as they are out and look at the impact across the financial space. they were down two-thirds of 1% today, by the way. joining us is ian winer and stephanie link from tiaa investments is here with me on the set

began to sell off, name boeing hit all-time high, american express a high for several months, art cashin crude drops below 42.90 buyers paused of the as it dropped below 42.80, bids evaporated. when it came above 42 bucks it came back to the upside. facebook is a winner. that has come back to levels after the tech wreck. trish: nicole, good stuff. we'll take a quick break. a whole lot more on other side of this break. see you there. you always pay your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. trish: former bro, martin shkreli is facing charges he allegedly defrauded investors at two hedge funds. he is infamously known for raising prices on an hiv drug by 5000%. i want to go to cheryl casone at the courthouse with latest. hey, cheryl.

as cashin said a moment ago, if it becomes a full blown d.c.ession, what happens to the agenda then? is it postponed or done away with >> look, the market has been remarkably resilient through this whole thing it's been getting worse and worse and worse in terms of around the trump administration and the plans seem to be getting delayed, moving out into the future, yet every day we seem to go higher and here we are it's not like we're aoff all that much. >> j.p. morgan said 10% of trades in any given day are actually people based on picking stocks based on fundamentals how much do you think that dynamic, whether the number is 10% or something else, has to do with how the market has been behaving over the past several months say election day? >> i think in general as we talked about for many years and someone reminded me on twitter the other day said, hey, you've been negative or bearish since 1800, you must feel ridiculous yeah, i couldn't feel like more of a moron, but we are extremely extended on valuation. and folks post interest rates and l

michael, seeing arthur cashin going by, any thoughts about the big caps in the closing? about thursday now. is that affecting the overall momentum of the market? what do you think of it? >> i don't know if people are nervous, but you are seeing clues in the market it's starting to tense up and very methodical gramg wall wdual way. they talk about the index above 10, saying that's low, but it's higher than it should be or warranted by how calm the market has been. shows you there's a little bit of anxiety, but, also, with energy up 1% and the faang stocks under pressure, it's taken from one pocket to put in the other. >> we could be back to the trade that started us off after trump was elected, but stepping back, the read on the market? >> this market right here, interesting, stock market volatility low, but currency volatility picks up. in fact, currency volatility, for the time, higher than stock market volatility. some policies like the u.k. election -- >> being insanely high. i mean, maybe it's just it's in such small amounts, you see the british pound by 50%. >> usua

. >> thank you >> good discussion on snapchat >>> by the way, arthur cashin walked buy saying there's on the bell perhaps feeding into the further weakness seen here >> all right when we come back, we'll have the closing countdown. >> right after the bell, wonder woman doing what only four other movies have done what that is and how the rate of the hollywood's queen at the box office impacts time warner, its owner, and the mieov business. you're watching cnbc, first in business worldwide their leadership is instinctive. they're experts in things you haven't heard of. researchers of technologies that one day you will. some call them the best of the best. some call them veterans. we call them our team. ray's always been different. last year, he said he was going to dig a hole to china. at&t is working with farmers to improve irrigation techniques. remote moisture sensors use a reliable network to tell them when and where to water. so that farmers like ray can compete in big ways. china. oh ... he got there. that's the power of and. usaa gives me the and the security just like the marine

. >> before we go, the behavior of oil was flagged earlier by art cashin and others as we drop below $43 a barrel the market and oil have recovered since. still amazing that they kind of go hand in hand like this and that the drop continues to have people of more nervous about stocks than excited about purchasing power. >> i mean, oil is okay right here the level is actually $42.75, and it's been peersed a couple of times and keeps recovering above that if it cracks severely to the downside we're looking at 39.50 which would hurt the sectors what's going on in financials is a stress test. getting close to a percentage out of the financial spouse because we're expected to be paid a dividend or receive a buyback or at least the ability to go there and that's why we're seeing an artificial push into the financial segment this week. that's not going to last you still need to stay in the health care space. this is where the money has been going for one year, five years, ten years and i believer the second half of this year, when the fed gets us into a little bit of a jam which they are pr

. >> let's see what we get art, thank you as always, art cashin, ubs director of floor operations atof medtronic on a tear as you can see. over the past few months we'll hear in the ceo straight ahead. >>> the dow is down 88 and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average? >>> does robert shiller still see the possibility of a 50% gain for s

art cashin yesterday pointed out it's not unusual to see the markets bleed up a little bit going into the announcement. >> that has happened. >> 48 hours ahead. >> makes it so difficult mine, you have the interest rates at 2.1 you always have the notion that the consumer loans -- i watch them very close. they have hit a wall we know that auto -- there isn't anyone who thinks that we're not at peak autos. at the same time, we're at peak autos at a number that if you saw it a few -- you know, eight years ago you would say why are rates so low relative to where they have been, i don't know if we want a hike if you look at before the great recession, and these are numbers that -- these are numbers that merit much higher fed funds rate i'm not as concerned about the fed funds rate affecting the economy, as the financials listen, we have to raise - >> to that point, the degree to which rates would affect equities, you're in the call me when it's 4% camp? >> let's say 3%. 3 is the magic number people are saying, why didn't i refinance this has become today, a johnson & johnson market the def

. >> let me just mention this now instead of after the break art cashin the market on close orders toell side by $800 million, and we have already seen some selling coming into the market here. setting lows for the session with the dow down 76 points. >> and the nasdaq down about almost 100 points, 95, a 1.5% decline and the second day of big-cap tech getting swept out eight minutes to go up >> next, we'll see what's cooking with darden restaurant earnings, and we'll count down to the closing bell as well. >> al economic adviser mohamed el-erian says why you need to pay attention to the fed's moves right now. ♪ minutes old. ♪ a baby's skin is never more delicate. ♪ what do hospitals use to wash and protect it? ♪ johnson's® the number 1 choices in hospitals. we, the tv loving people, roooooaaar!!! want our whole house to be filled with entertainment. maas we just want to stream live tv. and we want it for 10 dollars a month. (batman:raspy) wow. i'd like that in my house. it's a very big house. yeah, mine too. look at us. just two bros with sick houses. high five. directv now. a big str