chief fixed income from the just at charles schwab joins us now.athy: the market knows there is a lot of supply coming. to see onbably going the order of 400 billion or so in auctions. well.l get down there is plenty of demand at those levels. the market purely so -- purely obsessed with supply these days? kathy: it does not seem as though there has been any flight to safety best -- based on this. a lot of news leading up to it to indicate it was going to happen. i am surprised that there were not a few jitters showing up in the markets. caroline: jamie dimon talks of 4%. do you see that as high as we are going to get? kathy: i don't see 4% anytime soon. you need to see inflation move up significantly and threaten maybe a 3% level and that does not seem likely to happen anytime soon. 3%, maybe 3.25% because of the heavy supply. typically the peak in the 10 year is very close to the peak in the fed funds rate in any cycle and that the fed is correct in terms of where they are taking the funds rate with forward guidance, we are close to that level. c

charles schwab is proud to support more independent financial advisors and their clients than anyone visit findyourindependentadvisor.com need a change of scenery? the kayak price forecast tool tells you whether to wait or book your flight now. so you can be confident you're getting the best price. giddyup! kayak. search one and done. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. >>> welcome back jon and pete are watching the options market, as always. jon from chicago, peet from minneapolis. doc, you're up first what do you have >> all right, judge. teva generic pharmaceutical they got slammed hard earlier in the year, but they recovered back to nearly unchange s

charles schwab is proud to support more independent financial advisors and their clients than anyonee. visit findyourindependentadvisor.com >>> welcome back earnings alert on drop box stock is sinking let's get to deirdre who spoke to the ceo more details >> one of the big questions that analysts had going into this quarter was how drop box is going to convert its premium model into more paying users and attract more enterprises now, as it moves up stream it gets in a competition with behemoths in the cloud space, like amazon, google, microsoft i asked ceo if he faced an uphill battle on this front. have a listen. >> that scale starts with our 500 million registered users and they bring drop box into millions of companies and now paying business subscribers. we're applying the playbook it business software so we can drive the exiscale in an effici way. >> 500 million sales people. but that portion of paying users still tiny relatively just 11.5 million users. i managed to increase it by 500 million but analysts will be looking for more going forward in the after hours drop box pairin

according to the modern wealth index from charles schwab, americans surveyed believe it required an averagemillion to be financially comfortable. the survey also found that the amount americans believe is needed to be wealthy changes depending on age. millennials believe $2 million is needed and boomers raising that to $2.7 million. so all is relative, i'm sure, if you're dropping a bunch of zeros on designer clothes and kicks. that's going to get bumped up a little bit. >> depends on where you live. >>> kurt cobain's daughter, frances bean cobain just lost one very prized possession to her ex in a divorce settlement. cobain's ex-husband, isaiah silva, will get to keep that iconic martin guitar. he claimed frances gave it to him as a present. cobain's daughter denied ever gifting it to him and requested to keep the guitar in the family. but a judge ruled in favor of silva. the guitar is reportedly worth millions, and wonder where courtney love is when you need her. she probably would have just smashed it saying if she can't have it, no one -- >> that is painful to let go of something like t

not a lot but some of the e-brokers are doing fine charles schwab, e-trade, nasdaq set a new high even zions at a new high the biggest story, we're breaking some down trends that we've seen in the market see the lower highs on the s&p, this is the full year chart, current year, breaking out of that this is also happening in other sectors. small caps, the russell 2000, look at that, that's even stronger in fact we're less than half a point from a new high, seven points away from a historic high on the russell 2000. semi conductors was a market leader earlier in the year you see how you're breaking out and getting away from that downtrend. same with bank stocks. they're starting to break out as well here's the key thing, market headwinds, it's a little different, a little more arguing on the bull side people feel it's okay and second quarter numbers will be better instead of inflation picking up, ppi, cpi fairly contained. instead of earnings growth peaking, when you have growth, you can have healthy earnings growth of 10% in 2019 and nobody will freak out about that. sara, back to you.

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com now live in omaha nebraska from the berkshire hathaway meeting. will give you a little history. ten years ago there stock portfolio, everything they own from wells fargo to apple to everything, that portfolio was worth $76 billion. password today, warren buffett has jacked up to $174 billion. his top holdings, apple, wells fargo, bank of america and u.s. food giant craft lines. let's meet the ceo. he asked like he shy but he's not. you are the ceo of the combined company craft lines. how many bottles of ketchup and mustard will you serve to this crazy crowd. >> oh my gosh. we brought 7000 of each. >> you have numbers that just came out. your stock jumped the most in a year. it's up about 6% today. how do you navigate the changing waters of the food industry because of these trends in the past five years, locally sourced, organic, gluten-free at a time when you've got cello and planters peanuts and velveeta. >> i think it's all about understan

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com mr. elliot, what's your wiwifi?ssword? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. [ child offscreen ] hey! let's basement. and thanks to these xfi pods, the signal reaches down here, too. so sophie, i have an xfi password, and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. >>> disney reporting better than expected quarterly results in media, parks, resorts, and movies last night bob iger was asked about comcast potentially competing with disney for some 21st century fox assets. here is his response. >> i won't speculate about what they're doing or, you know, why they're doing it i can only say reiterate that, you know, we made a deal in december that receives unanimous approval, which is important by the 21st century fox board we're in the process of filing what we need to file to gain regulatory approval and shareholde

charles schwab is proud to support more independent financial advisors and their clients than anyonelse. visit findyourindependentadvisor.com >>> adp jobs number out this morning. up 204,000 in april. above expectations but down slightly from the previous month. the fed will wrap up the two-day meeting today. the latest interest rate decision and policy statement out at 2:00 p.m. eastern time. no press conference. the central bank is not expected to raise rates this time around. as for adp, it's the lowest since november but it's the sixth month above 200 and that's the second longest streak in the series. >> yeah. look, there was a perception on wall street that expenses and salaries have gotten out of control. if you talk to people on main street, i call the largest regional banks in texas yesterday. they're talking about wages are going up, but not nearly as fast as profit. that's something we should be considering. even if we have great profit growth and wages go up it's positive. it's something that a lot of bankers are telling me is happening. and i think what people have to re

charles schwab is proud to support more independent financial advisors and their clients than anyoneit findyourindependentadvisor.com . liz: while our american top negotiators are in china working hard to establish new trade rules, we're bringing in the man that helped define the economic and military relationship with china over decades. michael pillsbury has written the hundred year marathon china's secret strategy to replace america as the global superpower. currently advising the trump administration and the director for the center for chinese strategy at the hudson institute. you've known all along that this is precisely what the chinese wanted to do. they want to replace us as the global superpower? how close are they? >> getting pretty close. they're closing in on us. nobody expected it to happen this fast, including the chinese. they had a timetable before they would pull even with us by 2020, double our economy by 2030, now they think they're ahead of schedule. you have to admire them, but they didn't count on president trump. this is the one thing they left out of master pl

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happy to be doing to this morning by colleen swank, the charles schwab device manager. recent college grads probably think investing is a luxury at this point. are they wrong? >> they not wrong but starting really is so important and it's one of our investing principles. start saving now. he benefit from compounding when you do that as well as you know graduates right now to get their first job. they land with a great company. they offer a 401(k). that's an easy match for many companies so it's free money. >> so when it comes to into a fast, -- invest, you say start as early as you can with how much? >> when you are beginning to remember you are living at home still so you have a little wiggle room unless her parents are charging you rent, which they should because that helps you move forward. i would say start with as much as you can because learning how to save early will be a habit you bring into the rest of your life and it will make things easier. >> along with her bank balance a lot of focus is on a credit score. that can follow them for decades and impacts their

charles schwab is proud to support more independent financial advisors and their clients than anyonelse. visit findyourindependentadvisor.com trish: nancy pelosi at it again, saying if the democrats gain control of congress in november, then they would revisit the new republican tax law. here she is. >> i do think that we should revisit tax legislation in a way we always have, in a bipartisan, transparent way, that the result is unifying for the country. trish: republicans are jumping all over this, promising to put pelosi in every campaign ad in the coming months, warning americans that their taxes will go up. president trump tweeting after last night's republican primaries, the economy is so strong and with nancy pelosi wanting to end the big tax cuts and raise taxes, why wint woe win? good question. joining me fox news contributor deneen borelli. good to see you. >> trish, good to see you. trish: nancy pelosi continuing with her agenda that she so embraces and so loves where somehow she is okay with everybody else paying taxes on -- because you know what if you're as wealthy as na

charles schwab is proud to support more independent financial advisors and their clients than anyonendependentadvisor.com >>> 5 1/2 minutes until we get started for the final trading day of the week. usually my favorite mad dash, friday >> indeed. >> you want to talk a little tesla. >> there's an analyst out here, i don't agree with him on the call, but he's a man of my heart. this is roman shaw who says don't be a bone head the tesla bull case revisited. one of the shortest talks. however, we believe that over the next three to six months, the narrative on the company will shift from insolvency risk and cash burn to market opportunity and growth, $500 price target, $100 billion valuation. david, calling for a short squeeze basically. >> wow >> yep, calling for a short squeeze. and elon is a visionary. >> there's no doubt he's a visionary. >> no one doubts that. >> whether or not they can deliver on his promises is another question >> now, this is the kind of call which the shorts are going to say i can't believe it this is just so ridiculous, as they do. but i've always said this is

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com >>> welcome back to "fast money. king dollar is back hitting its highest level this year and that sending shock waves around the world. seema mody live at new york stock exchange with the latest hi, seema. >> melissa, that's right markets in correction territory trading 11% off their recent high as mentioned that's primarily by the stronger dollar which makes emerging market debt more expensive. the size and speed of the dollar rebound has caught some emerging mark by surprise case in point argentina which had to hike its bench mark rate to defend plummeting currency. the country today requesting financial aid to curb future volatility as they hit another record low today other currencies under pressure including brazilian real, mexican peso and lira lower by 5% or more in the last month further weakness will push central bankers to take bold action to stem outflows. outside of currencies, rising oil prices increased cost for net oil importer

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charles schwab is proud to support more independent financial advisors and their clients than anyonelse. visit findyourindependentadvisor.com no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here. they're pocket-sized personal trainers. last-minute gift finders. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which can save you $400 or more a year. it's a new kind of network designed to save you money. click, call or visit a store today. >>> investors are betting on wynn. the stock nearing an all-time high of the support grows for steve wynn's ex-wife. contessa joins us on set with the latest. >> in this battle for the board's, elaine wynn's garnered the support of all the shareholders. investors vote against legacy director john haugen buck. he's been waging this serious campaig

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charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com with pg&e in the sierras. and i'm an arborist since the onset of the drought, more than 129 million trees have died in california. pg&e prunes and removes over a million trees every year to ensure that hazardous trees can't impact power lines. and since the onset of the drought we've doubled our efforts. i grew up in the forests out in this area and honestly it's heartbreaking to see all these trees dying. what guides me is ensuring that the public is going to be safer and that these forests can be sustained and enjoyed by the community in the future. ♪ ♪ >>> welcome back to the halftime report this is futures now. gold is catching a bit today, bouncing slightly off its 2018 low. even with today's move, gold is tracking for its longest weekly losing streak of the year. where do we go from here >> well, i think we go a little bit higher we've had every reason to sell gold think about it, it's been the lowest demand in gold in nearly ten years.

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charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com >>> welcome back to "the halftime report. dropbox is higher ahead of its first earnings report since going public march 23rd. deirdre, a preview, i would think the stock is high given the ipo. >> that's right, scott here's itself what analysts will be using one paying user. as dropbox needs to show that customer convert the free service to ones that pay for its premium tools. out of 500,000 registered one, two, we're looking for gettics, and the sales force of the sales force and dropbox the network of the sector dropbox has been moving deeper into the enterprise space. but that would put is up against not just box, but giants, behuman mob bebehemoths. and look for a beat. and first quarter earnings after an ipo and it's in its quarterly debut it has yet to recover. so, the pressure here is on he and his team to justify the nearly 50% spike from its $21 ipo price. also having to earn the trust of wall street which is a different beast from si

charles schwab is proud to support more independent financial advisors and their clients than anyonee. visit findyourindependentadvisor.com report keviny leery is answer your tweets if you were to build an ira 402k today comprised with the five best dividend paying stocks, which would you choose. >> boeing, exxonmobil, apple, verizon, pfizer. i own them all long term these companies are going to be around forever cash friday flowing like crazy and providing you wonderful succulents dividend. >> give me a quick final trade as well? >> boeing. cuts a deal in china, stock goes up 10% >> thank you for joining us. an joy l.a pete back here go ahead. >> industrials yesterday they are coming after puts there. i own puts this the xli. >> xlf because i think the nuances of the fed states will chain and drive rates back up. >> it will ride the code tails of apple's report and go higher. >> that does it for us "power lunch" starts now. >> i'm sarah eisen he's whaers on the menu. counting down to the fed a decision on interest rates dropping in just over an hour. no change expected but what will

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com here's your cnbc news update at this hour. "the new york times" reporting that president trump told french president macron the u.s. plans to withdraw from the iran nuclear deal it says the u.s. is preparing to reinstate all sanctions that it had waived as part of the nuclear accord and impose additional economic penalties as well but, macron denies "the new york times" report. >> two people were arrested for connection with the islamic state group in southern spain. the pair were part of five arrests carried out in cooperation between spain and morocco. the three other arrests were in moroc morocco. >> hawaii's government says he's called the white house and fema to tell officials he believes the state will need federal help to deal with the erupting kilauea volcano. at least 35 homes have been destroyed and evacuated residents don't know how long they'll be displaced >> one of the most heated rivalries in sports is headed across the pond. t

bring in yuri director of fidelity investments and jeff, chief global investment strategist at charles schwabscuss the moves. good to see you. jeff, obviously a firmer tone in markets but i wonder if in the past week we have seen a bit of a changing character in markets or a fleeting thing? we came in talking about global growth momentum, rising yields, rising oil prices, inflation, would the fed get more aggressive and seems a lot of those things have been in reverse. a stutter step or a new type of market we're in? >> the global economic soft spot we saw in the first quarter and lingered into the second quarter has made the market more jittery, more susceptible to these types of headlines and political risks as we saw with italy yesterday. remember, these types of events aren't unique. this isn't the first time we've been through them, but in recent years, global economic growth was maybe a little bit more robust or momentum was improving and the market just ignored them now we are in a different environment. economic momentum may have peaked, maybe not absolute growth but the growth rate h

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here. i'm sue herera here's your cnbc news update at this hour. the estate department says the u.s. and partners companying are launching operations to liberate what it says are the final islamic state strongholds in syria. syria state tv say air strikes killed at least 23 civilians in an area where inu.s.-backed and kurdish led syrian democratic forces are battling isis >> hundreds of demonstrators marching across paris. it's all part of mayday protests taking place to oppose economic policies pursued by president macron a car and mokerbike were set on fire as the demonstrated heating up >> the justice department has decided not to seek the death penalty against a man

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com sure. mom,what's up son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. [ chuckles ] download the xfinity my account app and set a password you can easily remember. one more way comcast is working to fit into your life, not the other way around. >>> welcome back to "fast money. we're calling it the disney dilemma. the box office is booming with the new movies from avengers bringing in $800 million globally espn continues the weigh on the continue reports out espn lost 500,000 subscribers in the month of april alone. all of this is happening while the stock is under pressure, down more than 13% from its highs. check out the chart. shares sitting near their 52-week low of $96 hit back in september. so is espn iger's biggest issue? if so, what should he do to fix the

a tight labor market is proving >> announcer: this portion of "cbs this morning" sponsored by charles schwabur tomorrow. thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management. copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhaler

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com mr. elliot, what's your wiwifi?ssword? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. [ child offscreen ] hey! let's basement. and thanks to these xfi pods, the signal reaches down here, too. so sophie, i have an xfi password, and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. >> we have no interest in satisfying the desires of day traders. i could careless. >> elon musk on that contentious earnings calls with analyst that sent tesla shares down in part it wasn't all because of the conference call. he's back this morning with a tweet storm. he tweeted please ignore the threat unless you're interested in a tedious discussion about tesla's stock. tesla is the most shorted stock on the market and has been for awhile the two questions i ignored on the call are analysts who represent a short seller i don't know if that's true. h

large capx in the money center bank, bank of americas, jpmorgans of the world, they do well, charles schwabse curve the banks ride opposed to borrowing at 2, lending at 10. >> right what do you think are the strategies for investors right now, michael >> first of all, net interest margin is additional for financials, but, certainly, financials will likely do well in the rising rate environment, and even though everyone is bashibash ing fixed income right now, it becomes appealing. if you're going to get 3% on a 10-year treasury with no equity risk, it actually starts to have some feel, so while duration has been a good move - >> i'll give you 2.6% on the 2-year you don't have to wait 10. that's not bad >> exactly exactly. exactly. so and there's zero volatility with that as long as you hold it for two years, right i think technology is still going to benefit from lower tax rates. yes, some of the benefit of tax cuts are being pulled back because of dollar strength as well as what happened with interest rate costs, but companies with high profits are going to benefit from low tax rates, and i

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accuweather seven-day forecast, drizzle tomorrow morning, cha this weather report brought to you by charles schwabh-up. yes. we saw adam and jenna. we saw them lip-sync last night so we thought, let's see if the dancing final ifs can lip-sync and dance. yes. put you to the test. >> do not look so shocked. it's happening right now. >> wait, what? >> we're calling this little diddy sync or spin. it's guys versus girls, "american idol" runner-up caleb lee hutchinson, ginger szee and the audience are all the judges. >> here's how it works. you each have 15 seconds to dance when you hear the bell it's time for your team to step it up. so first up team girls are up first. let's go. >> ready? ♪ ♪ come on let it burn make him go up up ♪ ♪ you're gonna go up, up sglets so take after all your clothes i am getting too hot i wanna take my clothes off ♪ ♪ it's getting hot in here so take after off all your clothes ♪ ♪ i am a material girl you know that we are living in a material world and i am a material girl ♪ ♪ come on >> you should know this. ♪ in the air >> look out. [ bell dings ] >> can shake their butt

. >> "good morning america" is sponsored by charles schwab. own your tomorrow. ♪ >> there it is.osed t propt wife with this. >> being a part of their lives is the coolest thing i could ever have happen with my music. >> you were thrilled to be a part of this. >> oh. >> we thank you for a beautiful song. >> keith and katlin, what did you think about your diy weding? >> it was absolutely gorgeous. >> give it up for them. >> look, we're not done yet. we know you're heading home to celebrate with friends and family so wanted to send you off with a little gift. our sponsor michael's got you a $500 gift card. you can shop for all these great diy projects and they're all available on the new michael's wedding website so go spend away. >> thank you. >> successful wedding on "gma." robin, over to you. >> all right. >> ngratulations. >> congrulations again t keith and katlin and to everyone and thanks to max and his beautiful wife. so wonderful to have you all here and share this moment with us. >> what a great way to start thursday. >> yeah. >> have a great time, everyone. one more look a

term, stocks you own forever because it's a massive secular growth opportunity, whether it's charles schwab grand vision, or you think that essentially they are just consuming capital without a payoff >> do you think, dennis, they should sell themselves to the highest bidder who thinks, okay, this is my play on driverless cars or whatever >> you know, i got to great answer to that, but the thing that has got me thinking is the california requirement of solar panels on homes, and so -- >> yes >> there's a a bigger question out here, bigger than cars issue and that is the utility industry it's not a question in the next two, three years, but 5 to 20 years, is it adequate to produce much of your power at your home, particularly if they are mandating this in states >> the actual big picture gold case for tesla is not just autonomous, but the fact that because they've had -- they have all the data on every mile driven with a tesla, right, so if the future is having all that data to create autonomous vehicles in a fleet of them, therefore, displaces uber and therefore the market is that much bigg

charles schwab is proud to support more independent financial advisors and their clients than anyonee. visit findyourindependentadvisor.com no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here. >>> welcome back to "power lunch. drive ai announcing plans to launch autonomous ride sharing just outside of dallas why does this company think ride sharing is the answer? phil joys us with tins us with f that company >> i'm joined by the cofounder and ceo of drive a.i. in front of one of their self-driving nissan nv 2 minivans we'll talk about this in just a little bit but why do you believe this is the future for autonomous drive vehicles, ride sharing like this? >> well, we think that we're solving a real transportation problem here this is going to help make microtransit real. >> and microtransit being? >> to five to seven minute ride. it's a little bit too hot

charles schwab is proud to support more independent financial advisors and their clients than anyonevisit findyourindependentadvisor.com mr. elliot, what's your wiwifi?ssword? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. [ child offscreen ] hey! let's basement. and thanks to these xfi pods, the signal reaches down here, too. so sophie, i have an xfi password, and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. >>> hello, everyone. i'm sue herera here's your cnbc news update at this hour. paul manafort appearing in a virginia court today his attorney asking the judge to dismiss bank fraud charges against him, because they are outside the scope of the special counsel's investigation. the judge, however, has not yet made a ruling. >>> the world health organization is targeting unhealthy fats in new dietary recommendations. the agency says saturated fats found in butter, meat, and milk should not make up more than 10% of a person's diet and it wants only 1% of daily c

all brought to you by charles schwab. your local news and weather internet.ke this" internet. it's "all your teenagers streaming at once" internet. it's "i can get up to one, two, three, four, five mobile lines included?" internet! it's internet from xfinity that makes your life simple. easy. awesome. see how you can save by getting xfinity mobile included with your internet. get started with xfinity internet with more speed than ever for $29.99 a month for 12 months. click, call or visit a store today. >>> "good morning america" is sponsored by milk life. help nourish your child's potential with milk's balance. child's potential with milk's balance. >>> hey, good morning to you. i'm natasha zouves from "abc7 mornings." now, you can see it is a cloudy start to your friday morning. meteorologist mike nicco, we all want to know, is it going to clear up for the holiday weekend? >> oh, yes, it will. tomorrow afternoon we'll say good-bye to the cloud cover and get ready for some summer warmth. but until then, it's going to be cool today with spotty, light showers,

charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com just another day on the farm. or is it? this farmer's morning starts in outer space. where satellites feed infrared images of his land into a system built with ai. he uses watson to analyze his data with millions of weather forecasts from the cloud, and iot sensors down here, for precise monitoring of irrigation. it's a smart way to help increase yields, all before the rest of us get out of bed. 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 unlimited 2% cash back on everything i buy. everything. what's in your wallet? at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. >>> welcome back to "power lunch. facebook announced they're launching a dating app, this puts pressure on match and ic. match is suffering its worse day, the stock is do

charles schwab is proud to support more independent financial advisors and their clients than anyone visit findyourindependentadvisor.com used for batteries frome teexpired oil wells. mgx's new - pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals neil: all right, it is official on monday, unofficially it's been almost the kind of read of things for decades with the u.s. embassy in tel aviv formally moving to jerusalem then. tensions rising between israel and iran, of course, post our walking away from that iran deal. to the israeli ambassador to the united nations. ambassador, very good to see you. >> thank you for having me. neil: how do you think things are going to go monday especially in light of everything happening with iran? >> we're optimistic. we are grateful for president trump for taking that bold decision and finally moving the american embassy from tel aviv to our capital, jerusalem. we acknowledge that it is a great, historical move for the people of israel, and other countries follow the united stat

charles schwab is proud to support more independent financial advisors and their clients than anyone advisor.com charles: online pet pharmacy reporting higher profits. the stock is taking off on the news. >>> now this. another beneficiary of president trump's tax plan, state budgets. deirdre bolton joins us with more. >> yes, some states, believe it or not are going to have a surplus. minnesota is one. utah is another. they talk about the strengthening job market. the fact that more people are working. so more people are paying taxes and more people are working for higher wages. therefore more taxable income. connecticut as well. connecticut is little tricky. it may give money back to state residents. connecticut says even though we're running $1.3 billion surplus looks like for the fiscal year. we're also concerned some are one-off instances. a lot of hedge fund managers, who along with the trump administration tax plan signed into effect, 2017 in december, brought back money from funds overseas. charles: right. >> that was one time. capital gains taxes a lot of people in connecticut

charles schwab is proud to support more independent financial advisors and their clients than anyonedependentadvisor.com i'm the one clocking in... when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. i can also help with this. does your bed do that? oh... i don't actually talk. though i'm smart enough to. i'm the new sleep number 360 smart bed. let's meet at a sleep number store. ♪ ♪ ♪ charles: all right, folks, another quick check of the big wowrd, we are right there. you can see a coil-spring waiting, waiting. big take names have come back really strong. nothing necessarily alarming but slight pullback. i want to go to west virginia, senate primary, take a look at ad from don blankenship. >> while doing so mitch has gotten rich, the china family has given him tens of millions of dollars, mitch and swamp people are running false ads against me and childish calling me despicable and mentally ill. charles: he's surging in polls lately. >> swamp people, china people, i will tell you, i thought the alabama was crazy, c

charles schwab is proud to support more independent financial advisors and their clients than anyoneependentadvisor.com running a small business is demanding. and that's why small business owners need more. like internet that's up to the challenge. the gig-speed network from comcast business gives you more. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not minutes. get fast internet and add phone and tv for only $34.90 more per month. comcast is building america's largest gig-speed network to give small businesses more. call 1-800-501-6000 today. 11:00 a.m. in new york, 8:00 a.m. in california. good morning i'm charles payne. new this hour, president trump will hold a meeting at the white house. north korea will likely be on the agenda. mike pompeo is on his way back with three americans who were held hostage. any news from the meeting we will get you there. the city of santa clara just becoming the first city in l.a. county to formally oppose the century city law. the revolt continues to

charles schwab is proud to support more independent financial advisors and their clients than anyonee. visit findyourindependentadvisor.com this endangered species is getting help from some unexpected friends. these zebra and antelope. they're wearing iot sensors, connected to the ibm cloud. when poachers enter the area, the animals run for it. which alerts rangers, who can track their motions and help stop them before any harm is done. it's a smart way to help increase the rhino population. and turn the poachers into the endangered species. ♪ ♪ the sun goes down. you run those miles, squeeze the toothpaste from the bottom and floss to set a good example. you fine tune the proposal, change the water jug so no one else has to, get home for dinner and feed the cat. you did a million things for your family today but speaking to pnc to help handle all your investments was a very important million and one. pnc. make today the day. >> the warren buffet archive arc large collection about business, investing money and life it includes tw25 full annual meetings of berkshire hathaway, buffet@c

charles schwab is proud to support more independent financial advisors and their clients than anyone visit findyourindependentadvisor.com retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. mr. elliot, what's your wiwifi?ssword? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. [ child offscreen ] hey! let's basement. and thanks to these xfi pods, the signal reaches down here, too. so sophie, i have an xfi password, and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. stuart: advertisers prefer google and facebook to snap. that's bad news for snap, that stock price is a record low it is down 21%

charles schwab is proud to support more independent financial advisors and their clients than anyoneisit findyourindependentadvisor.com theextreme risk of burstd a pipes and water damage...y... soon, insurance companies won't pay for damages. that is, not if they can help prevent damages from happening in the first place. at cognizant, we're turning the industry known for processing claims into one focused on prevention with predictive analytics, helping them proactively protect the things that matter most. get ready, because we're helping leading companies see it- and see it through-with digital. no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here. >>> it's thursday? okay it's almost cinco de mayo, which means bars, restaurants and liquor stores across america are gearing up for a tequila-heavy saturday tequila transformed from a festive seasonal drink to

charles schwab is proud to support more independent financial advisors and their clients than anyonelse. visit findyourindependentadvisor.com what do advisors look for don't just track an index, help me meet a client's need. is the fund built to sell or built to last? etfs are only part of a portfolio. so make it easy to explain. give me a quality fund that helps me get clients closer to their goals. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. >>> it's time for the executive edge the results of the cnbc survey, monkey small business confidence index are in kate rogers has the details. that's a mouthful. >> optimism on main street is holding steady, that's according to our cnbc survey monkey small business confidence index, this month falling 1 point to 61. we've been tracking confidence in this poll for a full year small business centsment has risen an

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charles schwab is proud to support more independent financial advisors and their clients than anyoneit findyourindependentadvisor.com stuart: itown 's a dy. we're off now 200 points, 23,722. here are the dow 30. 26 of them are in the red. they're down. where is gold on a day like this? not much changed. it is up 10 bucks at 1316 an ounce. >>> pastor darrell scott, he is a friend of this program. he is proposing a summit on race at the white house between prominent athletes and artists after kanye west came out in support of the president. what do we know? ashley: this is interesting. the pastor meets with the president today. considering multiple summits on race. this will be between president trump and prominent athletes and artists. it is, this is how the pastor puts it, and this is interesting. it is going to be he said, unscripted, unfiltered, blunt. no topic is off the table. which is just how mr. trump likes it. let's be honest. it will be interesting. we have no dates. we have no word who may take part in these summits. that is being sorted out today. we could get announcement

schwab, a modern approach to wealth management. charles: tough fight in california's republican try to decide whether candidate they should support for governor. as of now legislate or traffic allen, and john cox, fighting to begin support from californians republican. cox received endorsement from president trump. and now calls on allen to drop out of the race. >> here to discuss his gubernatorial candidate is travis allen, thank you for joinings show. >> thank you. charles: last week, right in middle of show, really seconds before i interviewed john cox, president trump tweeted out an endorsement. during that interview, and the show, there was a deluge of folks reaching out to me on twitter saying travis allen is the man, what are differences? >> well you just mention the political outsider, if anyone is outsider it is travis allen, i am most conservative voice, fought every step of way since 2012 for all we value in california, rule of law, getting tough on crime, stopping tax increase, and enforcing federal immigration law, and not sur

charles: coming up, a big day for big tech as facebook gets into the dating game. finally. hey ron! they're finally taking down that schwaboard. oh, not so fast, carl. ♪ oh no. schwab, again? index investing for that low? that's three times less than fidelity... ...and four times less than vanguard. what's next, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management. i think, keep going, and make a difference. at some point, we are going to be able to beat als. because life is amazing. so i am hoping for a cure. i want this, to uh, to be a reality. um, yeah. charles: after the close apple posted financial the results that show they could make money beyond devices. we have the cyber guy, kirk, you have had a chance to look at those apple results. i was impressed with services. huge growth. maybe proving they have a second act beyond devices. >> they are trying. we know 40 million people are subscribing to music. they just did a road show