caterpill caterpillar. you're talking about farmers being harmed by the trade issues so i think until china settles, you're going to have issues. while you have some goods that will be high tariffs like soybeans that will bring down prices here and hurt the farmers. the other pressures to josh's point are inflation. inflation just because it hasn't reared its ugly head in a big way doesn't mean it's not going to as a matter of fact, it means it will swing much further the other way. that's what's keeping pressure on the market. what's going to work during inflation where you don't really have to worry about the input costs? i think that's technology. >> one of the things to ask ourselves is which companies, is it the large megacaps or the small caps that have the ability to absorb higher cost. if we're talking about inflation, they have better pricing power. don't most of them tend to have brands that are, you know, much more important to the end consume. >> sure. but you're also dealing with -- >> no. i wo

caterpillar led the way. , the financials are approaching that level. take caterpillar out.celerated. the markets are saying, wait a second. the nasdaq made new highs a couple days ago. you are going to have corrections off that. with the dow closer to the is a real6 low, it tug-of-war. this is a difficult business. it's a difficult time right now. this is clearly a time not to be taking risk. joe: one of the points you made in all of your appearances is that there is no shame in waiting and watching the market. one of the striking things these days is how quickly the narrative changes. in mid-june, it looked like we were off to the races. going to erasee the celebrating -- the selling from february and march, and it turned around. are we still in this situation where the market isn't telling you enough what to do? peter: i think the market more and more is telling us, like i said, talking about the interesting names that are starting to take out of their february 6 low, there are definitely more problems lurking. meaningful change takes place slowly. we all think markets sh

crawly puss caterpillar could do... until she saw the wound it left on her son's wrist.is bug is poisonous. while andrea's son logan... was doing some volunteer landscaping work over the weekend...his wrist grazed the furry insect... just enough to do some damage. (sot) andrea pergola/mother"he came running towards me and he was like something bit me. and he showed me and it was like all welted up and i said, let's go inside and rinse it off."logan pergola/poisoned by caterpillar "it numbed my whole hand, pretty much the whole thing felt like fire." (grant) (grant) luckily, an e-r was nearby and logan got help immediately once the "puss" caterpillar the "puss" once the "puss" caterpillar develops into a flannel moth...it is no longer venomous. lawrence karnow: this is the last full day of spring but it seemed more like sumnmer with patchy coastal fog and sunshine elsewhere. it's breezy again and more fog will move back along the coast and bay. you can see a few thunderstorms to the north on doppler radar. but on the satellite image you can see as high pressure builds in

let's start with caterpillar people sell caterpillar every time they feel down beat it is a cyclical company wrecked world trade with this tariff and this is the end, it is the end my friend, the end thank you gjim morrison the sky is falling, woe is me. i like this company caterpillar a lot. you can't go wrong making cat the biggest position in the glum etf. next, well, you know what next is, you hear about it every day at 9:35 when we are too negativity, it is boeing this is another one that gets dinged whenever investors get sad. as investors fret that president trump has single-handedly wrecked the world economy. repeat after me, wrecked the world economy. it doesn't matter management traces out the sky high demands. how how many times i point out china needs boeing third, many investors are repulsed down right repulsed by 3m here they think it is a bunch of jokels in a time of trump spurring tsunami selling 3m has become a total pride here the 3m personifies the doom and gloom etf. it is a tariff pinata. same goes for this, was this sound added for this name, general electric to

so, a, what do you think of his comments, but b, if you're right about the chart on caterpillar, thatd of play into what he's saying, be careful heading into next year >> yes i mean, it's kind of funny, because one of the things people keep talking about here is that, geez, the economy looks fine, and you know, it's growing here in the u.s., and therefore, we should be very bullish the problem is, whenever the fed stts to tighten, you know, we eventually see cracks in the system and the problem is, it's something we talked about last week, where it exposes some of the investments that had developed during the period when interest rates were going lower for so long. and the thing is, not only does it expose weakness in the economy, but it also creates a weakness in the economy, because suddenly, you have these mal investments that come to the forefront. and sometimes it's just small things like that everybody on one side of the boat in the short vol trade,ther issues, it showshe people have done illegal things, et cetera and when those have to be unwound, it has an impact on confidence

jep yep, a caterpillar about it that teenager. of the damage that it cause plus a wild -- would you, look at that wild brawl all caught on camera. wt set these parents off during a youtt software balln aneurysm. q. paint a. are you kidding me? that's up afterhis. silver springs q. people had to jump with their lives with a townhome erupting intoou flames in montgomenty overnight. the fire broke out early this morning in the 9200 block of place in gaithersburg. two people and a firefighter were all taken to e hospital with non life threatening injuri about 90 firefighters were called in tt fight tha fire and smoke. the cause is sti under investiggiion. a vira mall copies accused of trying to ex cour money from teen aimers. two teen aimers said the securi guard approached them yesterday after they parked their car at the braml ton town center. the teenagers said the guy told them the pay him money or he would report their car as suspicion. of the teenagers gave him cash. he is now being held on a secured bond new tonight, primghts p

caterpillar was the biggest drag on thedow, no surprise there. caterpillar is a big at multnal industrial that's become in a sense a proxy for the tradeh boe g. but the other big issue is a strong dollar. many of the multin ional companies could get hit hard by a stronger dollar and we could start toof see s this commentary creep up in earnings report next month. still, markets ended about break even for the week, much of the seshor lead, consumer discretionary, staple stocks still intact thanks t a strong data on consumer spending and corporate earnings that showed no signs of running out of steam. foror "nightly business r" i'm bob pisani at the new york stock exchange. >> now, one smaller business o is watching this trade fight very closely, because her company too a hit. when cheap chinese products began flooding the markehe here inu.s., but as kate rogers reports tonight, she did hymething about it and she won. >> cat leonard has run auburn manufacturing for almost four decades. the company has two facility in maine and manufactures heat and

you have ge, caterpillar, boeing, truckers and rails and so forth what we know in the five-year charts been a steady uptrend. but here is the thing i would point out, if i were to draw a line essentially right there from election day, right what we've is after that initial spurt, as the sector has gone up, again, underperformance is what it's about. we're under performing the market and not only absolute terms but adjusted for bedrata risks quite troublesome. here we go let me put it in this context. there's the day. we have now, as of this week, retraced all the gains look at the date that's election day '16. all of the gains since then have been given back. relative gains to the market so the story line of facts, cuts, and synchronized growth none is coming to pass at least as it relates to industrials as an investment now the high fliers, boeing, it's been killing the industrials. i think one can assume that since trendwork is an important process of all these, are we going to get back to trend i would say so boeing and how about cat i'm not manipulating the lines the lines are wha

you can go through a one-year consolidation after a big move like thatment i think caterpillar has an, and i think boeing has the issue of the tariff situation. "usa today" had a good article today, the top ten stocks that could be affected, those two are in there, and i think that's what's holding them back right now. the louder the noise comes, the stocks get hit. charles: china has said that they may go after these dow components -- >> oh, yeah. charles: but having said that then, aren't they actually going to perhaps create an opportunity? do you think this is going to continue to ratchet up to the point where we get to a point of no return, or do you think we're actually propelling toward some sort of revolution here? >> all evidence in, i think we've got a soap opera which means it's going to last a while. whether the rhetoric gets a lot worse, i don't know. but every time you get a little more harsh rhetoric, boeing's down $6 on the day, caterpillar's down $4, and when it slows up, they bounce up. charles: you said there's a couple things you're concerned about. >> i watch jpmo

these caterpillars are very small but they are in very large numbers.t up to other pests and pathogen is coming in and finishing it off. what evidence do you have that the country population is significantly affected by the lava? we know they are travelling across the uk at fsb of notts. —— ten three. can we do anything to stop it? probably not. the female fly that lays the eggs is very mobile. chances are by the time is the damage that the caterpillar is doing the female laying more eggs in another tree. it will be very difficult to contain and control. what can be done about it? in this case, not a lot. it is a real warning that we need to be doing much more about our plant bio—security in the uk. much more about our plant bio-security in the uk. no pesticides, no treatments? what about planting around it? is there something that might deter both vote from breeding nearby? because it is a non—native species there are no natural predators, so that is out of the question. there is a possibility that individual trees can be treated through pesticides. li

logan pergola/poisoned by caterpillar "wear gloves and long sleeves."s up kron 4 news that wraps up kron 4 news at 5.(granti) ken wayne and pam moore kron 4 news at six. (pam) thank you grant and vicki. coming up new tonight at six. facing harsh criticism - president ends the policy that his administration started, which separated children from their parents at the u-s border. tonight, we'll hear from the deputy consul general of mexico.. about the problems that still remain.(ken) then - also new at six..if you're curious about marijuana -- and looking for a "higher" education - one bay area community college has you covered. we'll tell you about the new cannabis course being offered. kron4 news at six starts right after the break. (pam) tonight at 6. president trump has now reversed course. today. signing an executive order to stop the separation of migrant families along the so

it's caterpillar feeds on the leaves of elms, it's caterpillar feeds on the leaves of elms, its populationeally bounce back, so anything new that is coming in that could potentially affect elm trees is a worry for this particularly rare insect. just remind us where it was you said people can get in touch if they have some evidence that might help? there is an online resource called tree alert, look it up and you will be able to report anything related to tree health. there are a series of things that people are interested in finding out about, and they are highlighted on that website. thank you so much forjoining us this evening. a £100,000 reward has been offered to help find the killer of a notorious criminal. john palmer, nicknamed goldfinger, was shot dead in the garden of his home near brentwood in essex three years ago. palmer was connected with the 1983 brink's—mat robbery at heathrow airport which earned him his nickname, but was cleared of involvement in court. kim riley reports. john palmer in the garden of his home in south weald shortly before he died. nicknamed "goldfinger" af

robinson as well as caterpillar and boeing to the down side.omentum stocks you look at, baidu, alibaba, twitter, nvidia, all also to the downside finally, one of the worst day yz have seen in months of the semi-conductors. probably going back to late march, early april, declines of 2%, 3%, even 4%. back to you. >> thank you very much we'll keep our eye on all of this with the dow showing pronounced weakness. s&p down 40. not quite to session lows. >> sometimes it's hard to figure out what people are selling for what reason. it's interesting this morning, apple down 1.3% while amazon is down 2.5%. afffubet down 3.5% it really does seem like some of those more popular names are getting sold off, but not all. again, the semis, as bob just mentioned, are taking a particularly on the chin, but then, you know, ibm is not >> i would also note amex is up 2% and bucking the trend after the supreme court ruling that came out earlier today >> when we come back, i'll cover a lot more of the action today on a busy monday >>> lots of different threads to wat

the caterpillar will walk. and this... to your strandbeests here in singapore. thank you so much for joining us, theo jansen, the sculptor of these strandbeests. you have been watching newsday. stay with us, because speaking of the world cup, we will look at the unusual snacks that chinese football fans enjoy when watching the matches. stay with bbc world news. well, it does look as though there could be some slightly cooler weather, with a little bit of rain on the way, but not until the end of the weekend and into next week. in the weekend and into next week. in the short—term, well, the heatwave is just the short—term, well, the heatwave isjust going to the short—term, well, the heatwave is just going to continue for the next few days and into the weekend as well. and in fact, on wednesday the highest temperatures are expected across potentially at least scotla nd expected across potentially at least scotland and northern ireland. temperatures could hit 30 celsius, and they will be quite a bit cooler closer to the north

the fur on the caterpillar is poisonous. pergola's son only grazed the caterpillar with his wrist.hing bit me. and he showed me and it was like all welted up and i said, let's go inside and rinse it off."logan pergola/poisoned by caterpillar"it numbed my whole hand, pretty much the whole thing felt like fire.">( james ) luckily... a hospital was nearby and pergola's son got help immediately ( james ) still ahead on the kron 4 morning news.... a bay area couple turns a facebook campaign for immigrants into a million dollar fundraiser. ( lydia ) safety concerns during pride week.. anti-gay fliers are posted in palo alto. i'm live with the details. (james)(darya) welcome back to the kron four morning news... lets start the half hour with a check of weather and traffic... a warming trend will begin over the next several days as high pressure builds in the bay area. highs will warm up to the 60s and 70s along the coast and 80s inland. this will lead to hot conditions on saturday with moderate to locally high heat risks across parts of the region. additionally, winds will turn offshore,

it is affecting caterpillar, boeing, dupont.eighing on everything from high-tech issues, apple, huge exposure in asia. go ahead man sachs has a lot of financial relationships in asia as asian-related banks but this extends to most of the key players who have anything to do with strength globally. qualcomm, nvidia. keep in mind the whole semiconductor industry if you think about it, more than half its revenues are china-centric. the thought we go into a nasty trade war with them, half their revenues gone like that. that is the fear. i think misplaced fear but that's the fear. ford which just expanded in china and elsewhere, those shares down about 2 1/2% on concerns this escalates. even shipping good here, if you have fewer imports coming in, fewer goods from abroad coming in all the companies that benefit from shipping that stuff around by air or rail, fedex, for example, like csx, for example, they sell off. none of this has happened. it doesn't matter. investors are saying, we're nervous and we're selling anyway. more after th

caterpillar is off $5. 3m is lower by $4.55 verizon, johnson & johnson, prol procter & gamble, they are the best performers at this hour johnson & johnson higher by 1% and p&g higher by 0.5% >>> the oil market closing for the day. jackie following from the km commodity desk >> wti is at $65 and brent is sticking close to that $75 mark. a lot of movement today was based on dollar fluctuations and escalating fears over the trade situation with china as well as some anticipation of that opec meeting on friday. on top of that, an inventory report from the eia tomorrow, markets are expecting a drawdown and an increase in u.s. production those factors are supportive and they've been balancing out the bearish factors that i mentioned before session high and low, they're in the recent range, not indicating any testing of new levels at this point, guys back to you. >> all right, jackie, thank you. >>> sticking with energy here, just how big a threat would a u.s.-china trade war be to the oil market let's ask jeff curry from goldman-sachs. welcome. how do you think about -- how do you think opec

higher than companies which are still included in the leading index thank you note to technology and caterpillar investor say it's this disparity which makes and go bad for understanding the true value of corporate america because the index is based on share price cheese clearly far behind top firms like the bank goldman sachs or apple they have share price is ten times higher than she signed off declining relevance perhaps. but is the problem more on the side of general electric's or del let's get more on that from our correspondent on wall street can score to standing by he should be there there he is yes the general actually is out what does that mean for shareholders. well and it was eight hundred ninety six when childs came up with his famous doll jones industrial average and as you mentioned g.e. was part of it then but the good days seem to be over for g.e. just in the past fifty two weeks the stock actually got hammered by about fifty five percent meaning the stock price got caught more in the hov what does it mean looking forward for the stock price well maybe not that much because we s

the fur on the caterpillar is poisonous. pergola's son only grazed the caterpillar with his wrist.e came running towards me and he was like something bit me. and he showed me and it was like all welted up and i said, let's go inside and rinse it off."logan pergola/poisoned by caterpillar"it numbed my whole hand, pretty much the whole thing felt like fire.">( james ) luckily... a hospital was nearby and pergola's son got help immediately ( james ) ( james ) still ahead... a lesson on pot. a bay area college is now teaching students everything they need to know about marijuana. to know about marijuana. (ácommercialá) at at&t, we believe in access. to know about marijuana. (ácommercialá) the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet, we've created access from at&t. california households with at least one resident who receives snap or ssi benefits may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.co

increases on steel and aluminum prices with the higher costs weighing on profit margins boeing and caterpillar declined to comment but their stocks are down so i guess it's really not too far fetched to say they're not they friends of these terrorists so fishermans cue for us in new york thank you very much well in a further escalation us president donald trump is now may slap tariffs on german cars as well he says there are too many of them on the roads of america and too few u.s. cause he in germany to do american drivers really want to switch from a b.m.w. to a cadillac while our correspondent went out to gauge the mood on the streets of washington . luxury german cars are a common sight on the streets of washington d.c. and the idea of blocking their import isn't so popular. people want to buy german cars they should be able to buy german cars if not they want to buy american cars they should buy american cars and should buy whatever they want i think they're good quality cars. a little more expensive maybe an american cars but probably. going to see better but maybe maybe a little better

. >> anthony: a caterpillar that has been invaded by fungus?the whole larvae, kills it, sort of mummifies the whole thing. and then in the spring it protrudes out again. >> darren: is there any caterpillar left at the end or is it fossilized? >> nawang: it's just a fossilized thing. >> darren: meaning it's not meat. it is vegetarian. >> anthony: cordyceps are the new profit center for a culture that used to revolve almost entirely around the yak. >> anthony: this stuff costs how much a kilo? >> nawang: on average it's about $20,000. >> anthony: $20,000? >> nawang: dollars. >> anthony: that's a lot. >> darren: may i? >> nawang: yes, please. >> anthony: what does this do for you? >> nawang: supposed to increase your virility, it's supposed to cure piles. you know, even hepatitis. >> anthony: really? >> nawang: yeah. >> anthony: piles, eh? >> darren: what is piles? >> anthony: hemorrhoids. >> darren: oh. >> nawang: and the chinese athletes have been taking it for quite some time. >> darren: so they're doping on -- >> nawang: they're doping. >> dar

jpm, caterpillar. >> up a little caterpillar that's been china.nk it should be infrastructure i feel like there is you've got to watch adobe it should be faang adobe has been amazing. >> it's funny to think it's not. given the run. >> it's up there in terms of people who have reinvented a company and done it in a way that is just no one's talking about. it has become the commerce cloud. and when you look at the stuff they do, they've got a lot of artificial intelligence built in it's an exciting company i mean, you can, like, show, i mean, i was once in a room with adobe where on a wall. i was like this. and on a wall they put my face it just read my face read my face >> if you can only own one adobe, nvidia, or sales force. >> oh, my god! buying sales force it was so good there was somebody last week who criticized jenson wang, the ceo of nvidia by saying he's not bringing out a new chip. he just brought out a new chip what world do you have to obsolete your own ch the next day if you ship it fabulous, and amazing cfo would say give me a break. w

. >> it is those caterpillars. >> the cocoons? >> yeah. it is not a cocoon yet. this is a north yorkshire. >> we have these in northern new jersey too. they are pretty destructive, as you can tell. >> we are all friends and buddies because we spend time with each other and talk and goof around. a group of plumbers that have a small piece of pipe. can't use your hands. you have to take this little piece of plastic and gently tip it down and try to get the piece of plastic into that pipe. >> yes. >> love that game. >> wait a minute. is this something that everybody knows? >> you ever play? >> no. ki speak for both of us, no. >> don't trust this game far u. >> the apprentice in the group. >> there we go. >> of course. >> puts it in his pants, tips his head back and -- >> and -- [ laughter ] >> he's so good. in the end gets a good laugh out of the whole thing. >> yes. >>> we all know ava and alexis. >> the adorable adorableness. >> yes. >> today is a special day for the twins. >> we are going to meet the clements twines. >> they are about to meet an immovable object.

what about american companies and boeing, caterpillar. those are the first two games.ffects. they'll be good for u.s. companies. >> something is all good and apple makes the phones in china. so there's problems with the logic as well, what the government can have them not give as much. as far as the market impact, and their economy might be heading towards a recession. however, they're not giving giving up on buying treasury bonds. and they are the biggest donor. i don't want to say it's all talk now because it's not all talk at this point. it makes less sense than dealing with china. it hasn't hit the consumer that this is going to happen. investors don't know even if it does happen at the level of the talk would necessarily cause recession. gerri: the dow down 172 in the air. before we go, over to the e.u. this into an economic adviser kevin hassett had to say about the e.u. side of all of this. >> europeans and the 10% tariff on our automobiles in place before president trump did anything than 10% tariffs are harmful to american workers. it is just enough. prices wi

boeing and caterpillar. china is a critical market for boeing. it expe expects to make $20 bil over the next 20 years. >> they like the separation and might be givin two issues to democrats. >>> a strong earthquake hits the japanese city during rush hour with deadly results. we will have the details next. ho ou win at business? stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com but as it grew bigger and bigger,ness. it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlid 2% cash back on everything i buy. everything. what's in your wallet? is not a marathon. it's a series of smart choices. and when you replace one meal or snack a day with glucerna made with carbsteady to help minimize blood sugar spikes you can really feel it. glucerna. everyday progress. ♪ ♪ if you have recurring constipation and belly pain, talk to your doctor and say yesss! to

he was referring to himself as the caterpillar. >> he built it and he deserves credit. i think he has received enough. there is libby schaaf, the mayor of oakland. >> i think she said that they actually met at one of the previous warriors championship parades, so when she knew this was going to happen on friday evening, they reached out to each other and said let's do she is on that giant snail car, we've seen it a couple of times before. it is the city of oakland celebrating the golden state warriors. the bay area has two major football teams, two football teams, but only one basketball team. >> that's right. it galvanizes the area. you get so many people who love one team and hate another. but the warriors, they stand united. they unite the bay area and that is a really cool thing to say. i can honestly say. >> there is coach kerr. the guy who came, i guess somewhat close to taking the new york knicks job. he came to the warriors instead and the rest is history. >> sean livingston called him out. he said part parent, part teacher, part coach, psychiatrist. he does it

caterpillar still down 2%. chevron still following. about thesecern tariffs.the latest check on gm after we got the bloomberg story just a while ago exploring a spinoff or other alternatives. they are up by 4%. finally, commodities today. a couple of things weighing on crude oil. a split within opec. you have the tariffs now weighing on the various commodities. soybeans, all of the agricultural exports from the united states, so soybeans not just under pressure today. we are closely watching those futures. mark: paul manafort is going to jail. he was ordered into custody after a judge in washington dc revoked his house arrest siding obstruction of justice charges. struggledsaid she with the decision but she could to theurn a blind eye conduct saying you have abused the trust placed in you six months ago. on the sixth anniversary of the daca program democrats accuse of refusing to come up with a bipartisan solution. >> where are my colleagues on the other side of the aisle willing to stand up to their own party leadership, to their own president as we did in or

ashley: visa, caterpillar and home depot leading on the dow 30 heat map.re's a lot more red than green as you can see. visa, caterpillar and home depot leading the way as the dow is off about 25 points. >>> tesla tapping the brakes a little bit. the shares up 3%. they've been gaining on reports that the company is planning to cut 9% of jobs. elon musk tweeted this, the company tries to reduce its costs and become profitable, shares are up as much as 7% earlier after analyst keith bank reported delivery estimates were up 50%. i don't know what he was reading but it helped. tesla, one of the best performers on the nasdaq at this pour. $342 a share. >>> talking about autos, gm committing to all-electric future. but is it the trade related headlines ahead of the gm annual shareholders meeting. jeff flock will join us live from the renaissance center to explain when "countdown" comes right back. ... they appear out of nowhere. my secret visitors. appearing next to me in plain sight. hallucinations and delusions. these are the unknown parts of living with parkin

. >> that's true >> take a look at shares of caterpillar right now.omponent is increasing its quarterly dividend by 10.3% to 86 cents per share. this comes as the maker of heavy machines hds its shareholder meeting in texas this morning. nonetheless if you take a looka are down about 1% today after a big run in 2017. this is one of those names that has seen higher in put costs and has become something of a lightning rod for traders and investors when you talk about tariffs and the potential for trade war. >> we have rolling three month sales up 24, but in europe, up 16 so the slowdown in europe, the middle east, definitely getting backed up by caterpillar's numbers today. the doj losing its anti-trust gamble with at&t the judgment will have far reaching implications in m&a amazon an apple investing in media the decision could mean big things for big tech. joining us with who could buy what is josh lipton. hey, josh. >> carl, the ruling has far reaching implications for media, telecommunications and big tech. what are some targetthat tech giants could

well, if you want to buy 50,000 shares of caterpillar, you don't pick them up at once it's dumb. what happens if it goes down immediately? you'll feel like a dope. that's my rule never buy all at once. instead i should have been buying cat in increments of 35,035 5,000 shares buy it gradually over time now you can cross your fingers and hope it goes down. i know we trade institutionally and i know the institutional guys are saying jim, 50,000 is nothing but i no longer trade in size, as we say, but i still invest and i invest for my charitable trust and wherever we have a new name to tell club members, we buy it in small increments, 500 shares at a time, even smaller when you buy at once you're declaring the stock won't go lower. don't you think that's crazy no one has that kind of insight. buying gradually in staging is about recognizing our judgment is fallible. why don't more people do it my way? why don't investors if they want 500 shares in exxonmobil buy it in increments? i think they want to be big, too. they don't want to waste the broker's time. your broker wants to get

cher had to eat a dried caterpillar if she refused to answer the question. ?er ] [ cheers and applause ] >> no way. it must be amazing if you won't even -- >> i don't even remember saying that. >> do you remember doing it? >>up. >> wow. evidently, no mission is impossible with tom. >> where is sonny on the list? >> he doesn't need to be on the - the following is a paid presentation for specific beauty, clinically developed daily skincare to specifically reduce the appearance of dark marks, uneven skin tone, rough skin texture, and wrinkles in as little as 14 days for all multi-ethnic women. brought to you by junee brands. - specific beauty, take one. - my mother is from jamaica, my father is from cuba. - half black, half white. - latina. - native american, french. - i'm from venezuela. - i'm african american. - i'm chinese. - i'm from columbia. - my mom is russian and my dad is a moroccan. - vietnamese. - armenian. - i'm african american and my dad is jamaican, so i actually have (mumbles) going on.

this is dragging the dow, half the losses, caterpillar down 3%. oil down two bucks, 64-point8. next week opec, watch opec and saudi arabia pump it out. they have had restrictions. anadarko, new field, pioneer all down three, 4%. marathon down almost five. oil around energy moving to the downside, all up arrows, turn them around. look what happened with transportation companies. these are the truckers. look at this, shippers, all those that use oil. csx, also landstar, union pacific all to the upside today. media stocks are trying to buck the trend this is the story of the week. we'll continue to watch the story between twenty-first century fox, disney, comcast, parent of. we have oprah winfrey news. apple signed a multiyear deal with oprah winfrey. the stock is down 1.1%. that is to create original programing. that is about more entertainment. that stock is to the downside. we're down for the dow and s&p. back to you. ashley: people take notice, nicole, thank you very much. the dow down 215 points. a lot of this is part of this ongoing trade dispute a trade spat. are we actuall

ba, caterpillar, 3m, boeing, account for half the losses in the dow. let's get to nicole in the thick of the action on the big board. reporter: to your point with the dow dropping 287 points, 1.1%, the steepest drop we've seen on the dow jones industrial average since late may. sell-off was broad-based, and we did see some of the safe havens such as telecoms and utilities hold in the green but the materials and the industrials that weighed like boeing and caterpillar and dow, dupont and united technologies under pressure. boeing dropped almost 4%, they are weighted heavily on the dow jones industrial average. apple today had some news that when we talked about the tariffs and the trade worries, and that's what was front and center, that's why we saw the sell-off finish down 1.6% at $185.69. there was a report apple would not have to pay the tariffs for iphones that were assembled in china in the "new york times." starbucks, after the bell, seeing starbucks did say they're going to boost the dividend by 20%. closing 150 stores but the store sales going

we had caterpillar raising concerns that we were at peak here. is at itse it weakness going back to 2009. it looks like people got the memo. >> how is the housing market doing? the ceo of homebuilder said combined withbeen short supply of new homes. that is basically as people talk about rising rates. that isr big aspect of .he cycle there is a big tailwind that remains in the market. what about actual action? they point out 67 new barriers. to 296. the tally russia taking the prize and .hina also as far as the eu is concerned, they actually removed barriers. that is more than doubled clinton 2016. interesting. the market close is next. butave stocks on the rise, moderating their gains. this is bloomberg. ulia: "what'd you miss?" stocks and the session in the grain. wtiey g.i. back above -- back above $100 a barrel. joe: if you are tuning in live on twitter, we want to welcome you to our closing bell coverage every weekday from 4:00 to 5:00 p.m. eastern. julie: we begin with arkin its. stocks finishing in the green, but a smaller game than we saw

hits from negative trade news are household ne stocks deeply involved in world trade, including caterpillar 3m, u.n. do yo dow dupont perform announced tariffs on china, marketsun d nearly 3%. but four days later, the dow surged 2.8% after a "wall street journal" story said the u.s. and china were quietly negotiating to approve trade, an improvement that never came. it's worth pointing out we coulf nod a 1% positive more or higher linked to any news that tariffs would be increased. investors don't the economic up side from higher tariffs or a trade ward. for "nightly business repvet," i'm sleashman. shares of nike were downgraded to neutral. the analyst says the upbeat outlook, is $78iz v shares were upgraded to buy from neutl. the analyst says the stock has been unfairly punished. the price is $56. shares rose 1%. >>> a busy day for the person, upgraded shares. citing strong network assets, a large customer base and strong finances. price target now 61, the stock closed at 291.86. >> amc networksius downgraded over at bernstein. the analyst says it's unlikely that amc will be acquired and

cher had to eat a dried caterpillar if she refused to answer the question. ? and applause ] >> no way. it must be amazing if you won't even -- >> i don't even remember saying that. >> do you remember doing it? >>up. >> wow. evidently, no mission is impossible with tom. >> where is sonny on the list? >> he doesn't need to be on the list. now at eight... natthe cries of children trigger a presidential about=face. "i didn't like the sight or the feeling of families being separated."reaction to the president's latest immigration order.whooshdisturbing details emerging about the san francisco officer who shot a fleeing man in the back this month.whooshturning happy meals into healthy meals california fast food restaurants may face the country's strictest dietary laws.whoosha puppy snatched from its new owner in san jose is home safe.a suspect under arrest in the central valley.

it reminded me of what caterpillar said that got so much attention on its last conference call.oes it concern you that this is as good as it gets? so.t: i don't think i think that growth will slow year. -- i think that growth will slow next year. for the past decade, it has been growing and that has gone things better and better. the pmi is a range bound. 180 whereas to caterpillar hopes it just keeps going up and up and up. there is a fair chance that the pmi is peaked but at this level, it is very strong. joe: some of these surveys are quite strong. another one similar to the pmi, the nonmanufacturing report came out earlier this week and while the headline was strong, when you looked at the anecdotal stuff, companies complaining about bottlenecks and shortages, there is labor tightness. there are housing shortages. what people about would call overheating? other parts of the economy that are buckling under the pressure? that. i worry a lot about i do not quite see it as buckling under the pressure. they are having a hard time finding workers and i worry that inflation picks u

boeing, caterpillar, gm, they all have significant exposure to china. importers all fell.t do you think of these big names that are frankly in the portfolio of most of our viewers tonight. >> those are the names, cheryl, that make up a majority of the stock embassy. so even if you don't necessarily own those names, the overall market is going to be impacted on this selling. and let me just say a lot of times you'll see investors kind of minimize the affect of these tariffs and say, well, i don't own steel companies or i don't own temple companies. the problem is the supply chain. the market is a interconnected whole. and just today, cheryl, you saw harley-davidson talked about cutting american jobs as a result of new tariffs that have been put on american companies. so this is a trade war. and as ben stein even admitted a moment ago, these never end well. cheryl: no. i hate to say, jonathan. we all talk about that. >> read history. >> one thing i want to add real quick. cheryl: but trade wars are bad but, michael, maybe this is the bully tactic that we need to deal with th

a single caterpillar can only do a certain amount of damage.our generations a year. is there something missing in the ecosystem which means this lava is a much damage. it's found its way into europe at the start of the century, spread its way across rapidly and thatis spread its way across rapidly and that is because it hasn't got the predators that keep it in check. birds, the usual things that each small insects. apart from going off to get predators, what can we do to stop the march? this feels like the cat is out of the bag already. it spreads very quickly. it only takes a single individual. it won't be long. not much that we can do. there are measures we can take to prevent bringing in further pathogens. you say there is not much we can chew through. will we see elm trees go? the elm is one of our most iconic tree species and dominated the southern landscape until the 60s and 70s. dutch elm disease was a disaster. that knocked out 26 million mature trees. what were got left is really the remnants of that and in particular, there is the nat

and press conferences so people are going to eventually, eventually relax with beating out the caterpillars and the boeings. >> mike, it's why people like paul tudor jones and edward denny are making these predictions. ptj with things could get crazy to the end of the year, it's not like people are saying the sky's falling and the whole thing's going to fall apart tomorrow >> no, not at all. i mean, the s&p coming into today was on track for like a 10% total return this year okay it feels awful and we're saying, is boeing down enough to buy by the way, it's up 70% from two months ago is it up too much to sell? this is not something talking about the markets telling you we're at a critical point. the volatility market index is under 14 high yield spreads are calm. the general backdrop is fine, it just doesn't have to feel very easy or rewarding for things to be fine. and i think that is one thing that has taken six months to kind of get used to. maybe we're not used to it yesterday. >> so we had negative common tear on intel, the stock had a great run. maybe it's time to get out of it nike g

but like all white-haired caterpillars, it will eventually turn into something beautiful. [ laughtertarbucks has announced it's adding a triple mocha frappuccino to its menu that has sweet cold brew coffee, whip cream, and a layer of dark mocha sauce at the bottom of the cup. and next month, starbucks will announce it's new drink, just a straw in a cake. [ laughter and applause ] asian restaurant chain pf chang's announced today, it will open it's first location in china. of course over there, they'll be called pf charles. [ laughter ] and, finally, a chinese social media app is banning images of the british children's tv character peppa pig because officials say it represents under ground gangster culture. [ laughter ] for what it's worth, when peppa pig heard the news, she vowed to bust a cap in their ass. [ laughter ] ladies and gentlemen we have a ntastic show for you tonight. she is a very funny comedian, currently in the middle of her "laugh your head off" world tour, kathgriffi h tonight. [ cheers and applause ] she's had a fascinating year, and i'm looking forward to talking

. >> watching key headline names jpmorgan and boeing, sorry, caterpillar, with lows for the year let's get to melissa and the half >>> welcome to "the halftime report." i'm melissa lee in today for scott wapner top trade this hour, the tech wreck, the hottest trade of the year under pressure. is it time to take cover here to debate that, joe, steve, sarot, and jon also, erin gibbs so we have trade war fears, the selloff the likes of boeing, t caterpill caterpillar, but today, we have a sharp rollover in technology what do you make of this >> this is what we talked about last week. pete and i dialogued about the volatility being low you had such an incredible divergence between technology stocks continuing to move higher and dow stocks continuing to move lower you need to see something break in one direction i talked about last week, it seemed to me to be prudent in the near term to seek protection, i bought key qq puts last week, and you're seeing the benefit of that. technology clearly is rolling over you're seeing a lot of the funds that went into technology coming out. i think the i

eing and caterpillar, the two bellwetheconsidered for trade tensions were the biggest losers on the blue chip. as trade tensions escalate beyond expectations, questions are being raised about the outlook for stocks. pi bob sani starts us off tonight at the new york stock exchange. >> traders are facing an unpl t unpleasant reality. tax cuts now may u beer a bit of a cloud. earnings estimates have bee ing up and the market is now worried that these numbers might in danger thanks to the tl threat of a looming trade war. analys have been consistently raising estimates for all four quarters expected to pass 20% earnings growth. you don't those kinds of numbers very often. the problem ise sectors l energy and materials and industrials and technologies are most critical for earnings growth are the same most exposed to global trade. given the sky high estimates for the rest of the year i is littleonder the market is starting to expect earnings cuts may be coming even though analysts don't have numbers to plug into their models yet. the market is starting to get worried. some strategists appear