welcome to cashin' in, i'm eric bolling. welcome, everybody. now, rachel, is it time for a whole heck of a lot more firings? >> absolutely. i mean, one of the most underappreciated, underreported stories of the obama administration is how much he swelled the government roles with crony bureaucrats. so, this is a liberal tactic. they know their ideas don't win at the ballot box, they bypass the people, they go to the courts and fill this with crony bureaucrats with their agenda. and the other is bully our kids on college campuses, they do this because in the marketplace of ideas, they can't win. eric: all right, it's not just the democrats that could be leaking though, right? aren't there some maybe anti-trump republicans that may be just as guilty? >> absolutely. i think it could come from either side. the problem is, eric, that it's tough to track down this leaker. i mean, we've seen the case of one leaker being caught, i guess you could say, the department the justice and it's really trying to figure out who these individuals are. and it's ti

welcome to cashin' in, i'm eric bolling. welcome, everybody.

send us an e-mail and call art cashin and do aterwhev you want. you're watching cnbc, first in business worldwide think again. this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov >>> time for a retail edition of today's market movers. target is one of the biggest winners in the s&p 500 today after the retailer reported positive same-store sales growth for the first time in a year thanks to improving store traffic. as a result, target is raising its second quarter earnings forecast, and today's stock is up 4.4%, but despite the big gain, target shares are still down about 27% so far this year. >> tiffany hoping a new ceo can turn its sales around. the luxury jewelry retailer has named former diesel ceo alessandro bogliolo its new chief, five months after ousting its former ceo following several disappointing earnings reports coming up,

joining us as well art cashin is here at post 9 to watch yellen and the market data.is her? >> about 90% earlier you got a boost from oil which the api data inventory last night showed a drop in inventory. that got us up to 46,000 we're right at the edge of real resistance here. we're at the top so that looks like it was getting ready to break out then at 8:30 if you do it minute by minute, you'll see a strike when her text of her testimony was released i think with all due respect to steve, i think that markets read it as confirming lyle bren earth and you'll hold off until december and then even then you're not sure. last time i looked, september was down 20%, 25%. now, the economy's okay. they're not going to move -- you can see the financials are weak because you're not getting the higher interest rates the market could make money off. >> the idea was, maybe they're going to look at the inflation target seems like today when they're talking about the balance sheet reduction, market seems to think there's a wait and see so they're not going to match it with fed rat

. >> art cashin said the market on close orders showing an imbalance of $450 million to the sell sidethey are on the trigger finger with our animation on art cashin. >> and with that incorporation, the dow is up seven points so we've given up some ground here as we head into the close. the s&p holding on to a three-point gain nasdaq with a little more room up 26. >> and the closing countdown. >> after the bell cord cutting which has been hitting video providers hard the one service which has had three name changes and is now poised to be the new king of content. you're watching cnbc, first in business worldwide (upbeat dance music) (dance music abruptly stopping) (dance music starting then stopping) (upbeat dance music) (bell ringing) >>> into the last two minutes of trade we go for this monday, and let me just highlight a couple of investments we've been watching recently that have been moving big let me start with wti crude. it's been down sharply lately. it's down 17% year to date, but today a minor little comeback. we'll see. is the this -- is it searching for a bottom who knows.

morning in all the e-mail stuff now it's moving upwards and it sounds like this is the point that art cashin viewed that they view the august reves move that perhaps there's an indication for some for that agenda. >> lawmakers need more time to move on key policy items such as health care and nominations and mcconnell blamed democrats for stalling that process. their complete lack of cooperation is the reason they need to stay longer, but we'll have to see if two weeks is really going to make a difference. >> okay. ylan, thank you. let's get more on how this is affecting market behavior today, and our "closing bell" exchange from hightower is with us at most nine and so is kenny polcari and rick santelli checks in from chicago at the cme there. kenny, we were talking about this earlier it would be pretty clear that the algorithms read the headlines about the release of the e-mails and down went the market and it left the humans scratching their heads wondering what the big sdeel about. >> that's absolutely true. technology is fun and cuts both way. you have smart a lg os that do nothing but

a highly regarded litigator, sheryll cashin, a distinguished scholar of social policy and judge paul engelmayer. without further delay, i turn the proceedings over to judge wesley. judge wesley? [ applause ] >> three seats left. i have to say, i'm a little nervous standing in the well are such a distinguished panel. i'm glad i haven't been a lawyer for po yea30 years. i don't know how i'd fair with the group up there. a bit of administrative stuff. please turn off your cell phones. please turn off your cell phones. if they ring, i will be very unhappy. thank you, chief, for your kind introduction. in 2014, the second circuit resolved to present a series of programs during the 2016-2017 term to commemorate the 125th anniversary of this great court. to that end, a committee of judges, court personnel and lawyers was presented to plan a number of events and publications that would tell the story of the second circuit as reflected in its jurisprudence, its impact on the cultural and economic climate of our nation and the lives of the judges who have labored here. the names of those folks

harwood is standing by in washington john, we thought maybe the markets would applaud this as art cashin had suggested, that they did vote to speak about the bill, to open that up for debate, but we've sold off about 20 points. maybe they are buying the rumor and selling the facts. >> it's fascinating the. the markets have not followed a predictable pattern, at least from past presidencies i've covered because every time there is bad news it hasn't had much -- it hasn't had much impact on the markets so facts and circumstances and here you have from the standpoint of president trump's agenda some good news that also doesn't seem to have produced a big kick up by the way, i agree with larry kudlow and jimmy that they don't need health care to cut taxes. there's some ways in which it might make it easier, but if they want to cut the taxes that are part of obamacare, they can do that, and if they want to cut other taxes without including those, they can do that, too. >> john, the president also had an interview with "the wall street journal," a number of headlines from that, everything from

. >> art cashin mentioned that, especially with the drama in the white house, the way china has been amass troops and still nothing major. >> we'll see right now the dow is still positive a gain of 20 points. as we close out this week the rest of the major averages are negative tobacco stocks up in smoke today after the fda announced it wants to cut nicotine levels the fda commissioner spoke about it on "power lunch." we'll have the highlights coming up here. >> and amazon's earnings dragging down the tech space we'll talk whether apple can tu tngrnhis around we'll have the results next week stay with us where's jack? he's on holiday. what do you need? i need the temperature for pipe five. ask the new guy. the new guy? jack trained him. jack's guidance would be to maintain the temperature at negative 160 degrees celsius. that doesn't sound like jack. actually, jack would say, hey mate, just cool it to minus 160 and we're set. good on ya. oh yeah. that's jack. i enjoy the fresher things in life. good on ya. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest price

. >> heading to the close with five minutes left here, the dow, and i think art cashin said it's 100 million to buy going into the close here, so a non-event is how he put it with the dow up 61 points in record territory. we have the closing countdown in just a moment here. >> and today is the busiest day of the whole earnings season after the bell, we get results rolling on and also intel, starbucks, expedia, mattel and many more. keep it right here you're watching cnbc, first in earnings worldwide i think that she's a very nice girl... you never got the brakes looked at? oh yeah. no. at cognizant, we're helping today's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready, because we're helping leading companies see it- and see it through-with digital. (baby crying) ♪ fly ♪ me to the moon (elegant music) ♪ and let me play (bell rings) >>> 90 seconds left in the trading session. let mow show you what happened the nasdaq midday down it w

. >> art cashin says we've got a market on order to the buy side. 900 million is the imball on the buyand hearing a similar number the dow up 117 points in, record territory as we head towards the close. joining us on the floor of the new york stock exchange our friend david dahr. >> happy bastille day. 25th record if it closes above yesterday, 25th record this year on the dow. >> as we sit here at record highs, should the market be worried about madam dufarge as she knits off in the corner? >> let them eat cake the word of the week would be gains because the growth outlook is real one of our keys for earnings and there you have the second quarter earnings. expected to be up 8% as of now 7.9% versus 15% gain in the first quarter so you do see some moderation there if you take out energy which is helping it because of the low prices last year, it goes down from 15 to about -- it goes down from 8 to 4, and the first quarter would go down from 15 to 11 the "a" is the aerial valuations we have very lofty valuations right now. price to book, price to sales, price to gdp, that's buffet's fav

. >>> just moments ago, art cashin stopped by and told us the market on close orders actually show ahe buy side. the imbalance is $350 billion to the buy side which is interesting given the nature of today's trade, but we'll see if there's -- if there are enough sellers to meet that kind of buy pressure going into the close here with the dow down 154 points. >> a lot of the real estate parts of the market getting hit, retail as we mentioned one bright spot though that is been costco posting better than expected same-store sales since june and it includes gasoline fluctuation. they logged a growth of 6% for the month compared to expectations between 2% and 4% not good enough for them to stay in the green as we head into the close and down only half a percent and shares of yum china are posting lower than expected quarterly sales. the company says the drop in sales attributed to fewer customers ordering from pizza hut restaurants. yum is down 14%, nearly 15% today. >> wow. >> the nasdaq is also one of the biggest decliners in general it's falling now to its lowest level since mid-may w