. >> charles schwab, e. trade, t.d. ameritrade all getting slammed on news that schwab is cutting fees. that man, tim hockey, will be joining us exclusively to talk about that among many other things coming up here. >> you mentioned earnings. we've got a bonanza after the bell. amazon, visa, chipotle and go pro, just a few of the earnings that we will be following for you. we will tell you ahead of time what to expect. >> a veritable fire hose. >> let's start with the president's meeting with harley-davidson executives. eamon javers is at the white house. i get to say elan mui, welcome aboard. eamon, tell us what happened today. >> reporter: hi, bill. when executives come through the white house they come through the northwest gate. instead today they allowed the harley-davidson executives to ride their hogs right up the south lawn of the white house. president trump and the vice president mike pence came out to greet those executives, shake hands, take a look at the bikes. they brought them inside the white house for a

jeff kline tock joins us he's the chief global investment strategy as charles schwab and he's here to fill us in on that. >> good to see you. >> what are you watching? obviously iran was front and center in today's trading session and probably will be for some time now, but it's a big world and there are a lot of different events ta are scheduled to happen such as brexit and that. what are you watching most clesly? >> there's certainly elections in europe but those are on the calendar. it's the unscheduled surprise events that could really have a big chance of moving the market. iran and sanctions there, but looking overseas, the leader of north korea announced this year that he's planning on testing and intercontinental capable of reaching the u.s. anything that could involve a military conflict with the u.s. is going to get the markets attention right away. so if they do test that missile will there be a response from the trump administration. other areas maybe in the south chooin sea. escalation there would certainly get the market's attention as well. remember, we're trying to fig

including charles schwab which recently cut it commissions by $2.ilar news from the hedge fund industry. low low prices for years. some of the highest fees in the industry. now the billionaire cutting a for the second time in eight months. youtube tops 1 billion hours of video being watched a day. a milestone field by the aggressive use of artificial intelligence to recommend videos. lauren: donald trump's big night tonight with his first address to congress. defense spending on border security on the agenda as well as this. >> we have a really terrific i believe health care plan coming out. but have to understand obamacare has become a disaster. >> life to washington but previous tonight speech. stocks rose right now. we have seen 12 record closes. will we see a 13th? but never seen that before in its 120 or history. we can make history today with this nine points at dow futures. nasdaq futures are down slightly. checking in on oil which has been trending higher three or four weeks to decide that there's good below 54 bags. 53.97 a barrel for oil.

wealth management, at charles schwab. liz: we've seen video of this, perspective drug smugglers scaling the border fence. and catapult tossing drug packages over it. now we have a new video showing trucks driving through a huge hole in the wall. that hole has a door with a hinge on it. this as border agents report daily battle with illegals, yes border crossers are still at a 5 year high. despite a 20% slowdown in the month of january, from december to january. joining me now former senator, homeland security ranking member senator scott brown. the fence we have now does not seem effective? >> the border secure, that is what the left keeps telling us, and political pundits and all of folks who say, oh, my god, why are you spending so much time and effort? of course it is not secure. this say perfect example. senator mccain has talked about it, governor of arizona, this is real, this is personal and affecting safety of citizens in the region, it needs to be fixed. and i am glad that the president is making it one of his to

it's jpmorgan and charles schwab more so. >> what's the rational? of bank of america, they beat their earnings forecast the last couple of times. growth is good. if you look at the stock performance, it's been on the rise for a number of months and years as well. when you look at the top three buy sectors, you saw financials, information technology and industrials, you could make an assessment that first of all you have the glass-steagall act that will be particularly dismantled and not be there anymore that could help the financial sector. followed by slowly rising interest rates, and then technology, so you could have the repatriation tax that could benefit. specifically when we look at information technology, the semicsem semicon ducter activity. >> so it's not apple. there could be money coming back to shareholders in a special payout. is apple attracting much fire power? >> it is. in terms of the percentage of foreign revenue they have, it's about 60%. it's not near the semic semiconductors. the magnitude is different, the overall revenue that

joining us now is liz and saunders, chief investment said just at trolls -- investment analyst at charles schwab. >> we don't have an official stance on gold. we think it is a play on political uncertainty. i remember listening to stand druckenmiller back when he initiated the position in the immediate aftermath of many central banks globally. was that a negative interest rate, a purchase of is a negative carry interest purchase because you don't get a yield much like you don't and gold. i'm not sure what the rapture now was -- the rationale was behind the sale or the purchase, but talking to some of our investors who have been nibbling back in gold, it tends to be kind of a hedge against political uncertainty. vonnie: that is gold. you really never know. people just buy it for buying sake. liz ann: it's a vehicle now for exchange rate funds that could be traded more easily by individual investors, by short-term traders. it is therefore at the mercy of investor sentiment more than it has been in the past. it is not always the case that there is a fundamental underpinning to either a wave of sell

we saw cuts in commissions earlier in february from charles schwab. dropped on that in early february. now they're down again today here. if you look what's been going on here, here's where the condition costs are. fidelity is $4.95 from $7.95. race to the bottom, let's call it. it is not just on commission fees. just costs for mutual funds and etfs have been dropping. vanguard charges five bases points. they're talking about a 50 cents difference. it gets headlines. there is a race to the bottom. of course, the consumer is the winner. here's what's going on with the brokerage firms. they're going, essentially, a lost leader on these things. they'll make money by capturing scale. they're going to get more money under management and it lowers the cost. sell more services, cash management, margin lending, debt management services and higher interest rates. remember, companies like schwab have a bank. higher rates means more money for them. they're hoping to make money in other ways than commission fees. let's talk about the retailers. you see, of course

wealth management, at charles schwab. i kept putting it off...t get what was i thinking? ago. ok, mr. jones... we're all done. i told you it was easy. with life line screening, getting screened for unknown health conditions is so quick, painless and affordable, you'll wonder why you hadn't done it before. so if you're over age 50, call now and schedule an appointment near you. for just $149- a savings of over 50%- you'll receive a package of five screenings that go beyond your doctor's annual check-up. ultrasound technology looks inside your arteries for plaque that builds up as you age and increases your risk of stroke and heart disease. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke. so call today and start with a free health assessment to understand your best plan of action. so why didn't we do this earlier? life line screening. the power of preventvention. call now to learn more. >> neil: welcome back from washington. you think all union guys have a problem with this republican president? think again. exhibit a, richard trumpka. take a look

wealth management, at charles schwab. if only the signs were as obvious when you trade.y's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. gave us the power to turn this enemy into an ally? microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. there are over 100 million pieces of dna in every sample. with the microsoft cloud, we can analyze the data faster than ever before. if we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. >>> welcome back. snap chat. the company is expected to price shares above its orange range of $14 to $16 a share. the new range is set to be $17 to $18 a share. the road show went really well. that would value the company at $25 billion. more than twice what twitter is worth today. our next guest has an urgent warning for wall street. the dean of valuation is here with that warning. >> i'm not sure it is a warning. the idea is a pr

. >>> charles schwab, cutting fees.it means for the brokerage stocks beyond the big sell-off today. >>> and then, the countdown to president trump's big speech tonight before congress. a lot of promises. can he make the sale? now, sue herera has a news update. >> i do. thank you. here's what's happening, everybody, at this hour. hundreds of former employees of sterling jewelers the sarnt company behind jared and kay jewelry chains is claiming that its ceo and other company leaders presided over a culture that fostered sexual harassment and discrimination. that's according to a private class action arbitration case made public over the weekend. signet is the parent company of sterling and it responded with a statement saying, these allegations publicized by claimants counsel and reported in the media yes eight a distorted, negative image of the company. the company says the arbitration is about pay discrimination, not sexual harassment. >>> colon and rectal cancer rates are surging among millennials and gen-xors. people

. ♪ >> announcer: brought to you by charles schwab, or 5 per trad?h- and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $6.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. withevery late night...g... and moment away... with every click...call...punch... and paycheck... you've earned your medicare. it was a deal that was made long ago, and aarp believes it should be honored. thankfully, president trump does too. "i am going to protect and save your social security and your medicare. you made a deal a long time ago." now, it's congress' turn. tell them to protect medicare. with home repair and improvement projects, help millions of homeowners trust homeadvisor to find a reliable, local pro. we use homeadvisor for all our home projects; installing a garage door, remodeling the kitchen, cleani

charles schwab cuts commission and fees. >> we ought to be buyers on that.hey were responding, of course, to those price cuts. >> earnings will be coming down but it's not to the magnitude that these stocks came down. e-trade was down 9% yesterday. e trade is a name i own. they have new management team with an aggressive growth target, targets to improve growth. if they don't get to that growth they're willing to sell out or make acquisitions and trading at a big discount to the rest. numbers need recalibrated especially if they lower prices along with schwab, which sounds like that's going to happen. but i think the valuation risk/reward is interesting. >> i'm going to beg your pardon and jump back to nvidia. i don't think we adequately finished that conversation. josh, you don't think it's a great call. the stock has had a tremendous run. let's take it from this perspective. if you own the stock today -- i don't know that anybody is suggesting it's a fresh buy, given the run it's had. if you are in this name do you take profits? >> you could take profits a

i've owned charles schwab since 1992, alexander since 1989.long time. 2001 to 2007 we got 65 million in dividends, 800 million in profits. let's talk about some of the stocks you hold right now. obviously you're reassessing this on a constant basis. some of the stocks you have major positions in have been in the led lines. let's start with under armour. how much do you own? >> i don't have the exact number, but we sold about 10% or 15% of our stock about two years ago, near the highs. haven't sold any since. i've been buying stock, actually. doing some tax things, actually. essentially net buying. under armour, what happened presently in this last quarter -- so when we invest the in them first, it was 500 million in sales. it's now 5 billion. the stock is up six, seven times from the bottom but was up 10 or 12 times. it's had a sharp decline in the last two years. what's interesting about it is that they have been with problems, as you have some turnover of people, too much inventory, they're expanding in europe and internationally, which is c

wealth management, at charles schwab.en in every swing, every chip, and every putt, is data that can make the difference between winning and losing. the microsoft cloud helps the pga tour turn countless points of data into insights that transform their business and will enhance the game for players and fans. the microsoft cloud turns information into insight. you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™. liberty mutual insurance. just like the people every business is different. but every one those busisses will need legal help as they age and grow. whether it be with customer contracts,

charles schwab senior vp liz saunders. and daniel hughes joins us to kick things off.me, everybody. mike, it's unbelievable. what's interesting about this rally, it's so quiet. up 100 points every day, everybody walking around. >> it ratchets higher, the strength has built throughout the day. seven straight up days for the s&p and nasdaq. the highs for the s&p today basically got to a 10% gain since election day. that's the first time you have hit that 10% gain. it's started to run pretty hot. i don't think anybody would deny that in terms of how stretched it's gotten in the short term. one way to think about that is the market is having to grind higher to find sellers. there are not any below because there are all these different reasons people are leaning on right now. once again, not a broad rally today, not great breadth but enough for the index. health care leading the market. that doesn't conform to anyone's narrative except that there are stocks that have not participated in prior spaces. >> we can kind of rewind the clock a bit and look at the morning. comments

for more let's bring in john sylvia along with jeffrey chief global investor at charles schwab.reform we're a bit up here? >> i'm not so sure yet. you can see in the currency markets maybe the difference between brent and wti oil prices, and even in the sectors leading this market higher. remember that a number of these proposals would hurt some sectors and benefit others. we're not really seeing that breakdown in the market, so i think the markets have been moving higher on the reality of better economic data like you were talking about and better earnings revisions and not the hope for infrastructure or tax reform. >> john sylvia, everything in the e con data seems to be better except for actual real gdp and real wages. are we going to start seeing this feed through into real improvement? >> well, i certainly agree the retail sales numbers have been really good. the philadelphia survey was excellent. employment numbers have picked up pretty strong. wages tend to lag the business cycle, and the problem with overall gdp is now you've got stronger domestic demand, but at the same

charles schwab is cutting it standard online equity etf and etf trade commission from six dollars 95ready cut their commissions back on february 2. schwab, td ameritrade, and e*trade are all lower as well. a confluence of events that we have these different industries, and where we are not seeing inflation. it seems to be quite the opposite. david: thank you for that market update. congress is gearing up for president trump's first address to a joint session of congress this evening. kevin cirilli spoke with republican rob portman, republican of ohio, about what he expects to hear tonight. >> i think is a great opportunity for the president to talk about ways to bring the country together. policy issues were most agree, reform,ucture, policy tax reform, also helping the most notable among us, particularly this epidemic of heroin, pet nala. it is affecting my state and the entire country. i hope they will talk about those issues and stay on why it's important to make these reforms, improve people's lives. overseas, we have a real challenge. why it's important to have a strong military

that undercuts charles schwab, which recently cut its fee.itrade still charging $9.99 a trade. very quick price war, prices going down rapidly. >> mothers, don't let your kids grow up to be stockbrokers. did you see those? >> yeah. >> cut in half. >> from nothing. from nothing to nothing. >> it's all moving digitally. it's all computers now. you don't want to be a stockbroker. >> uhl take 1%, but i'll help you find the right people to invest your money. we just found out yesterday they don't really exist. >> there are about ten individuals who could routinely beat the averages. >> you know what the rest of them are. >> cpas? >> yeah, yeah, yeah. we'll use acronyms. i don't know. we broke some new ground. doesn't need to stay broken. >> no, i agree. >>> stock on the move this morning, retailer target, shares getting slammed in premarket trading. target came in 6 cents below estimates. revenue came in short, as did its full-year 2017 forecast. ceo brian covrnell will be a guest on "power lunch. >>> billionaire investor wilbur ross was confirmed

. >>> charles schwab cut its standard trading commission. immediately weighed on shares of competitors like etrade and also tdameritrade. we have just under an hour until we get the january jobs number from the labor department. meanwhile, linkedin has taken a new look at the job market nationally and in key cities across the country for more, we're joined by dan roth, linkedin executive editor. give us an idea of the report, what we're looking at here. >> 133 million members in the u.s. we looked to see who has changed jobs. they've updated their profile. we see how that's changed month to month. we've been looking at this for a couple years. we're ready to start telling the world what we're seeing in terms of jobs. couple interesting numbers jump out. 11% increase in hiring in january. 8% increase in december. so overall jobs are coming back, people are getting these jobs. some interesting numbers if you look to see what industries are doing well. a 23% increase in oil and energy hiring, which is pretty unusual. only one industry that actu