chu: ok. i will talk about a different topic which is i was interested in the proposals to rein in spending on prescription drugs. and i know that there was the proposal to realign medicare part d and part b drug coverage to bert manage prescription drug costs. but -- better manage prescription drug costs. but this thing medpac voted 15-0 to recommend changes how medicare pays for prescription drugs under part b and that's expected to appear in your june report. you had several options for reining in those costs. and i noted with interest the ones to require prescription drug manufacturers to pay rebate to medicare if their drug price increase exceed inflation which is similar to the medicaid inflation rebate and also the proposal to create new private entities that could negotiate drug prices on behalf of physicians. why did these proposals rise to the top? and how valuable would they be to rein in costs and how viable are these proposals? mr. miller: the commission has been very concerned ab

wa nted dismayed by this, and apparently chu wanted action taken, she handed president trump a clubup on the us intelligence community. he has been at war with the us intelligence community since before he was sworn in and now he's got a foreign political leader asking him to go and find the source of these leaks. this is exactly the sort of rationale that trump needs to go in and tear the agencies apart, looking to see who is leaking. you might even find out who is leaking to the american press. he does have issues with leaking in other spheres. is there a cultural difference here in terms of what the intelligence agencies in the united states would see as appropriate to leaked to the press 7 see as appropriate to leaked to the press? is there a different feel of that? we have to distinguish between the intelligence agencies and the law enforcement community. what we are talking about with the manchester police is a law enforcement community. in the united states, there is a much more open information publication to the public at large. you will see the american policeman saying th

june chu was a dean at yale's pearson college. role she was needless to say a champion of diversity and cultural and every other fashionable buzz word because that's the whole point of yale. she once wrote an entire article for inside higher ed about the need to consider other's cultural baggage while talking to them. it turns out that when she wasn't virtue signaling in the preferred venues chu had a very different attitude about diversity. a series of yelp reviews discovered by the daily news exposed chu as a woman with bitter hatred for all kinds of people. she reviewed a japanese steak house if you are white trash this is the perfect night out for you exclamation point. other view she quind cafe's fair was only worthwhile white person no clue what mochi is. barely educated morons trying to manage snack orders for the obese. ouch. well, after about a week of bad publicity chu was placed on temporary leave by yale though she still has her job. we are not going to complain about that because we are not progressives. we don't beli

back over to you guys. >> thank you so much, dom chu in the newsroom.sell when warren buffet sells and what do you think of ibm? >> no, i think it's dangerous to sell when ier anybody sells. warren buffet is such an amazing long-term investor. when you think, they haven't been great. that's not his point. that's not his angle. when i think about it and i look at the berkshire portfolio and those that have moved and haven't, i think the addition of the airlines seem to be those of the first quarter, delta, southwest, american, are all places where they are heavily invested and i think these are places where the valuation and the business cycle and economic cycle for me. >> one of the most remarkable business people of our era. >> he's right, he is. >> he doesn't own any stock as far as we know. >> that would be out of the bailiwick of berkshire atmosphere jay whathaway. >> i know you don't like ibm. >> what's the animal with the quills? >> pork mocupine. >> stay away from it. his price got cheaper because his stock has only gone down the last six years.

dominic chu takes a look. >> reporter: it's a holiday shortened trading week on wall street. but that doesn't mean we won't get some fireworks on the heels of memorial day monday. on the macro front, among the important data points to consider that are coming out, we'll get pending home sales tomorrow, which measures how many previously owned homes are under contract for sale but haven't yet closed. now, it's seen as a leading indicator for existing home sales. on thursday we'll get manufacturing data as well as auto sales numbers for the month of may. that leads up to friday, when we get the may jobs report considered by many to be the most important economic release each month. we're pretty much done with earnings season this quarter, but some notable reports have yet to be released. michael coors and palo alto networks are among those that, the this week. canada goose gives its first ever report as a public company. many companies are on vacation, and as a result markets could be more volatile since it might not take as much positive or negative news to sway of fewer numbe

dominic chu reports from florida. >> reporter: one of america's biggest companies is making a big bet on the popularity of golf. shipping and transportation giant fedex just announced a deal to continue sponsoring the pga fedexcup playoffs for another ten years. fedex thinks any money is money well spent. >> it's a great deal for our employees. it's a great deal for our shareholders. and it's a great deal for our customers. it allianigns very much with ou social responsibility platform. we love what this platform brings to us. >> reporter: the sponsorship deal is the biggest ever for the pga tour and it comes at a time when the future of golf is in question. last year saw the bankruptcy of retailer golfsmith and nike to exit the golf equipment industry. but this season has gotten off to a roaring start and a host of events that have produced the most dramatic story line in years. >> never have you seen the average age of a winner be as young as this was we have 88 players in 23 countries. week in and week out, we've gone between ten and 15 players that have a shot to win midday on sun

dominic chu has more on the week that was on wall street and why it wasn't that bad. >> reporter: the week didn't start off with any real fireworks. but by the time wednesday morning came around, there was a feel like we actually might see that long-awaited pullback for stocks that's been absent for so long. wall street had been shaking off the headlines from washington for weeks and even months. but the possibility of interference by the white house in an active fbi investigation was enough to rattle things a little bit, enough to push stocks down on wednesday by the most in around eight months, certainly the most in 2017. and it put a real end to that run of calm and steady markets over the last few months. in the end, though, it was just another small blip on the market's radar. gains posted by stocks on thursday and friday returned major indices to just fractional losses on the week overall. on a sector basis, the relative winners for the week were the s&p 500 real estate sector, also consumer staples and utilities. each of those considered perhaps more defensive in nature, less e

dominic chu takes a look at whether wall street will heat up along with the temperatures. >> reporter: there have only been a handful of days so far this year where the s&p 500 has moved up or down by 1% or more. but that quiet move higher toward record levels isn't something that many traders expect to continue this summer. >> i think we're going to have washington continue to dictate our markets. while participants stand on the sidelines and watch. >> i think we're going to get out of this range we've been. we're going to go to the upside once the us. >> i'd like to be more optimistic but i'm a little concerned. i think when the president comes back into the country we're going to go back into a bumpy politicizing again. so i'm going to lean to the sell in may and go away crowd. >> sell in may and go away is something many traders are thinking about. the summertime has been a modestly weaker period for stocks. according to market analytics firm kenshow the s&p has averaged a loss of 1.2% between may 31 and august 31, and there are more possible catalysts for potential roller coaster

with me are ben chu economics and business editor at the independent and dave wooding, political editorr crash interview — wherejeremy corbyn stumbled over the cost of labour‘s free childcare plans in an interview with the bbc. the daily telegraph says it has seen leaked documents showing a labour plan to allow thousands of unskilled migrants to enter the uk after brexit. the same story is in the mail adding that proposals also include axing rules which limit foreign spouses living here unless they can show they will not be a ‘burden‘ on the taxpayer. the guardian focuses on theresa may saying jeremy corbyn‘s policies would leave him "alone and naked“ in the negotiating chamber of the eu, they call it her strongest personal attack on the labour leader. the times refers to a yougov poll suggesting the conservatives could be in line to lose 20 seats and labourgain could be in line to lose 20 seats and labour gain nearly 30 in next week‘s election. the daily star‘s top story is the american pop star ariana grande returning to the uk on sunday, for a benefit concert for the victims of the m

dom chu. hi, dom. >> it will take more than a crude crush to get me down.ust like when traders realized supply and demand dynamics aren't favorable for higher prices. this week we saw u.s. government numbers that showed a smaller than expected draw in u.s. oil inventories and got softer demand for gasoline numbers. no surprise the bearish action oil prices filtered into the oil stocks as well t. s&p oil sector was the worst performer in the large index by a wide margin and the vast majority of the day's biggers laggers were oil and gas related overall by exploration and production stocks, like chesapeake energy, marathon oil, murphy oil, amongst others. around half of all members of the energy sector can be characterized as being in bear market territory or at least 20% the recent 52-week highs. even then, energy stocks still pretty expensive on a valuation bafgs the sector as a whole traded 28 times forward earnings and 33 times last 12-month earnings and still it's also the worst performing sector so far this year. today didn't help, back over to you guys

thank you, dom chu. the man behind the call of the day is here with us on set.raig moffett is here, a senior analyst, craig, thanks. is this the apocalypse? is this what it looks like at the beginning here? >> it wasn't our call. all we did was observe something is that i think our clients have seen throughout earnings season, right? which is that the ad numbers were weak on the media side and now you are starting to see really weak affiliate numbers and everybody thought that the affiliate numbers were going to be held up by these ott guys. >> that all of these virtual cable operators over the internet were the salvation of the media companies. suddenly realized, wait, that's not working. everybody is going down with the ship. you saw weakness in the media stocks. i think $12 billion of market cap, you saw another billion wiped out in satellite and telecom. there was carnage everywhere. i think people are looking around and saying this trend is not going to be good for anybody. >> in terms of the subscriber losses, though, you point out that this is even happen

>> they call me chu. >> we see him on tv a lot. >> figured i had to come back one more time. >> indy 500 just that today, one of the most terrifying wrecks in the 101-year history in the event and the driver walked way. we will hear from him and the winner next in sports. ♪ the sun'll come out for people with heart failure, tomorrow is not a given. but entresto is a medicine that helps make more tomorrows possible. ♪ tomorrow, tomorrow... ♪ i love ya, tomorrow in the largest heart failure study ever, entresto helped more people stay alive and out of the hospital than a leading heart failure medicine. women who are pregnant must not take entresto. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you've had angioedema while taking an ace or arb medicine, don't take entresto. the most serious side effects are angioedema, low blood pressure... ...kidney problems, or high potassium in your blood. ♪ tomorrow, tomorrow i love ya, tomorrow ♪ ask your heart doctor about entresto. and help make tomorrow possible. ♪ you're only a day away.

dom chu is back at headquarters with a look inside apple's core.dom. >> melissa, there used to be only one big apple and you're sitting rights in the heart of it over at the nasdaq market site. but these days the rest of the stock market is driven more and more by what's happening with the iphone and ipad maker than it ever has before. shares managed a new record interday high today. they've been on a tear over the last 12 months. they're up 64% during that time frame. record high stock price, record high market value as well. we're hovering just around that psychologically significant $800 billion market cap level. apple stock now accounts for about 3.8% of the overall weighting in the overall s&p 500 index etf. that's more than a percentage point. a full percentage point higher than the next highest weightings, both of the alphabet share classes combined and microsoft after that. during the course of history, that's not nearly as significant of weighting as other companies had during the roaring 1980s. if you look at 1985, ibm accounted for aroun

they're still putting a lot of emphasis on the desktop chip. >> dominic chu at headquarters.uy, what do you make? >> they got it higher for the second quarter. not the full year. if they gave decent guidance for the full year, the stock would be at least unchanged, not yunward. i see why people might want to downgrade the stock. you have to take a little bit of leap of faith for amd here. i'm willing to take that risk. >> i think it's always a little bit weird when they don't raise it accordingly for the full year. >> i'll tell you what, it might take a little bit for this to work itself out for that exact reason. it will be a show-me, prove it to me stock. as long as it holds above $12, i think you're okay getting in about that level, maybe give it 10 more krepts. but i think you're okay there. >> apple reporting earnings after the bell tomorrow. we break down all the action. hey, mike. >> hi there. we saw about two times the average daily call volume in apple. over 400,000 call options, trading the most opening activity within the weekly 150 calls, over 22 1/2 thousand trad

they bought american footwear company and could be in the market for berbery and jimmy chu. >>> stayith us. news 4 continues right now at 5:00 a.m. >> "news 4 today" starts now. >> first at 5, the caps will have home ice advantage this wednesday night. they are coming off of a wild game six. the caps scored five unanswered goals last night. that is until the penguins scored twice in the third period. huge game last night. >> so exciting, so excited. >> 5:00 on the dot. good morning, everybody. i'm aaron gilcrist. >> i'm eun yang. first it's the other thing everyone is talking about this morning. the weather. >> take a look at your tv screen. the current temperatures around the area. a lot of people waking up in the 30ed and 40s. the calendar says something different. >>> let's start with sheena parveen. >> good morning. we're going to head out to lauren. she's outside. in a minute she'll show you the frost advisories and freeze warnings. it is all

i want to go right now to cnbc's dom chu.to know what you can tell us about ford and these cuts, but before that, i just want to share what mark fields, ceo of ford said really on president trump's first monday in office when he met with ceos. take a listen. >> as an industry we're excited about working together with the president and his administration on tax policies, on regulation, and on trade, to really create a renaissance in american manufacturing. >> a renaissance in american manufacturing. he went on to say it was a great day for the american worker. what's changed? >> all right. so not a lot has changed in terms of that regard here. i mean let's talk about first of all what we're actually addressing here. these are job cuts and job cuts are never a good thing to hear about in the news. but cnbc has learned and has confirmed reports from the journal and reuters to the extent of there will be job cuts, about 10% of its work force here, but the extent of the job cuts and those affected are still kind of questions out t

to the sell-off on wall street team coverage, bob pisani on the nyse floor, dom inic chu, the rally. let's begin with bob pisani. bob, finally the volatility many have been waiting for. >> reporter: a little bit of it. we'll see if it lasts, brian. look at the s&p. we're five points off the low. importantly selling basically stopped once we hit the european close. volume dropped off as well. heavy volume etfs, a lot of people complaining about the volume, but today in the biggest etfs, spyder, the s&p and the russell 2,000, big volume. other e it tfs, european like the emerging market etf eem not so big volume. bigger than normal. this is clearly a u.s.-based event. secretario sectors, 2.3%. that's a problem. and, of course, defensive moves. so utilities are up, gold is up as dollar weakness is helping xhcommodities but not helping commodity stocks here. low volume stocks, low volatility, excuse me, stocks like colgate, duke, kimberly-clark, dominion. what's the market risk? we've seen lower geopolitical risk particularly around the french elections why the markets are holding up. th

chu saudi arabia and regional coalition have ta ken strong saudi arabia and regional coalition have takenarmy is hunting isis operatives, who try to infiltrate their territory. troops are supporting our afghan partners. and supporting them strongly. in mosul, american troops are supporting kurds, sunnis, and shias, fighting together for their homeland. the us central command is a crucial strategy with its partner. our long—standing partnership with kuwait and bahrain continues to enhance security in the region. our courageous enhance security in the region. our courageous afghan soldiers are making tremendous sacrifices in the fight against the taliban. and others in the fight for their country. as we deny terrorist organisation control of territory and populations we must also them of their access to france. we must turn off the financial channels which allow isis to sell oil, make extremists pay. —— strip them of their access to funding. we must have a terrorist anti—funding centre. it needs to be joined by every memberof centre. it needs to be joined by every member of the gulf coopera

that bill by david chu regulates how they act with immigration agents. >> when you face criminal charges in court, you get an attend, even if you can't afford one. >> that doesn't apply to u.s. immigration court. that can make a huge difference. >> well, good morning. you know, we dug through immigration court outcomes compiled by the transactional records access clearing-house or trac, at syracuse university, and there we found people who appear in u.s. immigration court with an attorney are five times more likely to prevail than those who do not have a lawyer. nowhere is that in more stark contrast and more apparent than here in san francisco in the case of u.s. navy veteran joaquin sotelo. when we caught up with him, he was days away from being deported despite a history of military service. only the last-minute intervention by a lawyer with san francisco's legal firm kept him here in the bay area and his case moving forward in u.s. immigration court. sotelo was one of more than 300 non-citizen u.s. veterans who faced deportation when they committed a crime after leaving the u.s. mili

breaking it town is a man who's always on fire, c n bcnbc's dom chu. >> i fool like the back burner these days. not like in nvidia stock which is one of the top ten s&p performing stocks this weeking a volatile one at that. we're talking 7% in terms of performance this week. 30% gains over the last period and 211% over the last 12 months and if that wasn't impressive enough, try this relative market comparison. so far to date, in nvidia has gained around $24 billion in value. that's like adding on a company the size of united continental airlines in less than five months and six record highs so far in 2017. yeah, last year's best performing stock still definitely about the bulls but are things due for a cooling off period. it's now 10% above the average of about $123 in change. 53% of analysts say buy. 34% say hold and 14% have a sell rating. melissa, either analysts revise their targets or we see downgrades based on valuations. who knows. back over to you guys. >> thank you, dom. have a good weekend. >>> mike is over at the plaza with his call to action. take it awhat i, employee feawar

. - i know, but i had to drive chu-- no one to nowhere. - you're just lucky chuck isn't here to yellou. - [screaming] - i'm sorry, honey. i'm just listening to my new halloween sounds cd. [screams] [clicking tongue, laughs] - mom, today is supposed to be easy. stop being a pain in my jaw. - okay, i'm gonna be back soon and then i will figure out how to make those copies. - great, uh, then just update the script in enps ota, calibrate the eq on the lcds, and don't forget to check with the atf about the apb on that rapper el-p. do you have all that? i know it's complicated, but you gotta learn all this stuff. you're an intern. mom, i gotta go. - [snoring] [tires screech] - ahh! [snoring] [cell phone rings] ah! where am i? oh! who's kidnapped me? - i did. - uh! - i'm gonna take care of you. - ahh, oh, god. i'm being "misery"-ed! ♪ ♪ ♪ i'm dr. kelsey mcneely and some day you might be calling me an energy farmer. ♪ energy lives here. moms know their kids need love, encouragement and milk. with 8 grams of natural protein, moms know kids grow strong

tomorrow's front pages at 10.45 and 11.30 this evening in the papers, our guestsjoining me tonight are ben chue independent and dave wooding, political editor of the sun on sunday. let's get the latest on the election campaign and jeremy corbyn has apologised for not knowing the cost of one of labour's key manifesto pledges. in the last full week of campaigning, this was a chance for him and theresa may to press home their messages. instead labour has found itself having to explain what the conservatives have a called a car—crash interview in which he failed, repeatedly, to say how much it would cost to extend free childcare in england. here's our deputy political editorjohn pienaar. got to keep up, cannot fall too far behind. more free childcare might play well with voters. some say don't play with children. jeremy corbyn knows what looks and sounds good. ought to know. look at these wonderful children here, they all need a childcare place, so ours is a universal provision so every child gets a place of at least 30 hours a week from 22 aged four. playtime over, onto women's hour, what could g

with me are ben chu, economics and business editor at the independent, and dave wooding, political editorh the bbc. the daily telegraph says it has seen leaked documents showing a labour the—hk—afterfirem‘h the same story is in the mail adding that proposals also include axing rules which limit foreign spouses living here unless they can the guardian focuses on theresa may saying jeremy corbyn‘s policies would leave him "alone and naked" in the negotiating chamber of the eu, they call it her strongest personal attack on the labour leader. the times refers to a yougov poll suggesting the conservatives could be in line to lose 20 seats and labour gain nearly 30 in next week's election. the daily star's top story is the american pop star ariana grande returning to the uk on sunday, for a benefit concert for the victims of the manchester arena attack — the line up includesjustin bieber, coldplay and take that. and one of the stories on the financial times is a plan by london mayor sadiq khan and transport for london for people to be able to use their phones on the tube. we will discuss whether

there are still rumors around jimmy chu, valued at $800 million. that could still be a target.ying, right now we want to focus on kate spade. vonnie: sounds like it is all in footwear these days. honestly. gads.out her columns at go. mark: it is about 75 minutes until the end of the monday session. yes, we had macron winning the french presidential election, but we have the ftse higher. check out what is happening to the currencies. by roughly atially fifth of 1%, but as you can see it is down six cents. let's look at the bond yield. stocks lowers, euro is lower. finishing with the bonds mainly today. the closes next. -- the close is next. ♪ ♪ mark: it is 11:00 p.m. in new york -- 11 five m&a are, from london, i'm mark barton. "the europeans " on bloomberg markets. ♪ mark: in politics, emmanuel macron cruises to a victory to become friends' president. how will this win affect france's business climate? we are live with the nation's top executives. how will this affect angela merkel's reelect meant --election campaign? merger monday with coach, kate spade and tribune, being held

mazara, khris davis, not so much shin-soo chu right behind it. the a's have a little fight. yonder alonzo gets it. one of the stories of this baseball season. 12 home runs tied for second in the american league. prooechious career high -- previous career high, nine. matt bush to steven boat. rangers win 6-5. sonny gray pitched pretty well. hasn't won since last july 26th. the a's 4-4 in one-run games this season. >>> if you're going to play for six hours and 17 innings you may as well win. the giants did that last night or this morning courtesy of a posy walk off. this afternoon a more conventional victory.

dom chu has something. >> so jeffrey immelt is making comments at the electrical products group conference in florida right now along with a number of other industrial companies. you can see by the chart of a lot of the moved happened how some of the conference remarks. a couple lieheights. general electric says earnings per share, the forecast of two bucks a share is at the high end of expectations where markets are today, hitting goals will require additional cost contingencies. they also talk about this idea that capital allocation impacts are -- they also say that their goals of 3% to 5% organic growth and 100 basis points are expected in to 18 as well, and we do say strong emerging markets are an improving situation, and also resource remain tough impacting the oil, gas, power and transportation sectors. >> dom, thank you. the two words i hear you say more recently start with a c and an f. >> that's i interviewed most of the cos of the top industrial companies. how did this happen? this is a real bad sign. >> you buy the stock here, guys? >> i would rather buy s&p futures. >> i keep t

we've got phil lebeau on that angle and dominic chu. dom, let's kick it off with you. >> the numbers are staggering with regard to why trump is focusing on germany. let's take a look at some of the numbers behind it. germany does have a sizable trade deficit with the united states. last year $114 billion of u.s. imports we buy versus $50 billion of stuff we sold the trade deficit about $65 billion. it's big but let's put it in context. some of the other big trade deficits made with other trading partners. 2016 trading goods, china, a whopping $347 billion deficit there. japan the second biggest at $69 billion. germany ranks $65 billion. third place and mexico is $63 billion. perhaps why donald trump is focusing a lot on those four countries in particular canada included although not to the degree that mexico, germany and japan do. now let's put it in context with the biggest trading partners out there. china by far in terms of total imports and exports added together the biggest, $579 billion. canada and mexico part of the nafta agreeme

>>> machacamos bien este aguacate cÓmo estÁn bien con el arte de machacar el aguacate lo ma chu can muyomo bai ¿sabes por qué te tocó ser el árbol? ...porque soy alto !sí! pero también porque los árboles son fuertes, como tú. tú los ayudas a crecer. por eso también, les das leche y sus nueve nutrientes esenciales. leche, alimentando en grande cada día. ( ♪ ) "mírame y no me toques" no aplica aquí. ahora, smoothies, shakes y frappés pequeños de mccafé por sólo $2. y la sexta compra es gratis con el app. por sólo $2. del entretenimiento queremos que todosantes los cuartos sean cuartos de tele. porque esos son los mejores cuartos... ...porque tienen tele. ¿y cuando no estamos en esos cuartos? no importa. tenemos nuestros shows aquí... obtén un paquete de directv todo incluido para 4 habitaciones. solo $25 al mes, precio garantizado por 2 años. disponible para clientes de at&t unlimited plus. voy a target por suavizante. ¿algo más? toallitas clorox para mi artista. ¡y una rasuradora para mi hombrecito! ¡abuelaaaaaa! okay. obtén precios bajos todos los díasn productos esenciales. target. rap

. >> thank you very much, dom chu.g we did hear from john legere, the ceo from t-mobile. >> i say i'm ready for that beer from david faber and that t-mobile has many ways to win including consolidation which could benefit customers and shareholders. nothing is off the table. >> nothing is. obviously, marcela claure at sprint has indicated that nothing is off the table. >> he watches the show. let's go to him as well. >> while we do that we'll head to the bond pits and check in with rick santelli at the cme. >> good morning. if we look at the week, it has been amazing in so many ways. you look at one week of twos, we're only down two basis points on the week. actually, now it's only one. 1.28. we settled at 1.29. one week of ten down eight. 30s are down nine. so obviously the curve flattening. if you look at the one week of tens minus twos it's breathtaking. basically over ten basis points. i'm not showing viewers, you, this chart because it has some symbolic meaning about going into a recession or maybe it has implicat

dom chu? >> the flip side of the coin.lower, as much as 1% after boeing announced suspension of flights for the 737s phil lebeau talked about and watch shares of triumph group, down all day. another leg lower when the boeing news came out. triumph supplies about 675% of the shares. you can see down by about 10% pap back to you. >> thanks, dom. >>> headed 0 ut to vegas. and steve wynn, mark cuban and wayne newton singing on the show all tomorrow night at 5:00. >>> thanks for watching "power lunch." >> big day. >>> everybody, welcome to the closing bell. kelly evans at the new york stock exchange. >> how do you do too? snap. >> crack's, pop. >> no. the stock -- >> snapping because of snap. >> oh, snap. that's that comment there. >> not a lot of guys can snap their fingers. you're lucky. >> i don't know why that is. most talked about ipo of the year reporting earnings in about an hour. use it for advertising numbers, front and center. and we'll be talking about what to expect on those earni

. >> reporter: in falls chu church. >> brody logan there we wish her all the best.little dance battle between fed ex and ups. >> we'll have the story behind this one coming up next. look at those moves. not bad. >> ♪ ♪♪ introducing the fios gigabit connection with download speeds up to 940 megs that are 20x faster most people have. incredibly, it's $79.99 a month for one year. comcast charges you $89.99 for a triple play that only offers 200 mgs speeds. switch to the most powerful internet at the most revolutionary price. get fios gigabit connection for $79.99 a month and we'll give you tv, hbo for one year and multi-room dvr service for 2 years all with a 2 year agreement. so act fast. go to fiosgigabit.com whoa. are you actually about to scratch it rich at mgm national harbor? of course you are. because everyone who plays is an instant winner. so before you win your share of 1.5 million dollars in prizes and free slot play. take these last few seconds to remember what life was like as a normal, everyday person. because in an instant, that all could change. join ml

royal will have fitbit, dominic chu, and susan lee. so we will see you guys very shortly.all of these begin to come in. joining me on the panel we have senior markets commentator michael santoli. good to see you again. >> great to see you. glad to have you back live in these markets. the nasdaq odometer rolled to six, beyond that not much happening. >> vice chair and head of investment group is with us. along with neil hennessy. a great group for this after noochblt welcome, everybody. mike, that's what i was going to say. there were interesting comments from david eihorn talking about the amazing performance of facebook and apples and everybody's of the world. granted, the nasdaq is taking a pause but he would liken it to the bubble we saw in 2000. >> yes, and particularly tesla is one he was pointing to, where it is not a profit story unlike the other stocks. but i think there's a sense in which with lack of imagination or lack of confirmation the economy is accelerating, do you throw new money into the leaders of the nasdaq. it also made sense by the way today that thos

energy trade is one to watch here guys, back over to you, carl. >> thank you very much, dom chu. get to rick santelli at the cme group. >> good morning. rates continue to be hovering and albeit at a place that arguably is below an important range. but not far enough below it to really prompt any new technical movement. it's all about the dollar index once again today. let's look at one week of tens. you can clearly see there was a drift lower, but yields have held. if you look at the april 1st chart, what should jump out at us is that we held at 2.16, 2.17 area. which is below yield close. go back to november of last year, you can see how that fits in. dollar index a bit of a different story. look at the one week chart. we continue to take off without finding any traction. if you go back towards october prior to november you can see that's where we're comping to. we did take out a 9705 level from november. if you look at the other side of the coin, euro versus dollar, it really is a question about euro strength. we can argue about the longevity. the economic true underpinnings or

computers at the spanish tell chu -- telecommunications company were compromised and we had some at ups and fedex. they continue to lead public and private coordination. his team is issuing twice daily situation reports, is holding multiple calls per day. among experts at operation centers managing our response. as of today, no federal systems are affected. overall, the u.s. infection rate has been lower than many parts of the world but we may see significant impacts on additional networks as these attacks morph and change. despite appearing to raise money, it appears less than $75,000 has been paid in ransoms and we are not aware of payments that have led to any data recovery. the cyber threat intelligence and integration center is keeping us informed because of these hacks. let me talk about the warhead. it is important to know that three variants of this ransomware have emerged using similar techniques. we talked last when i was hear about variance of this malware. if you follow the advice published by the u.s. to patch your systems, you are protected against all these variants. it's

that bill, sponsored by san francisco assemblyman david chu, regulates how landlords and private businesss act with federal immigration agents. >> 5:44. the president is headed to rome with a meeting with the pope. >> meanwhile, in washington, investigation into the white house grows. and scott mcgrew is watching all of it. >> air force one set to leave tel aviv any moment from now. concluded a two day visit to israel and the west bank. you're looking at pictures as they wave to the president. the president just finished giving a speech at the israeli museum in jerusalem. the president referenced the attack in manchester calling the perpetrators evil losers. back in america, a lot is happening in the russian investigation. james comey has delayed his testimony before the house committee investigating the white house so that he can brief a special prosecutor. michael flynn has indicated he won't turn over documents to the senate investigation and apparently will take the fifth. he did take money from the russians. we know that now, but new allegations say he lied about it to the white hous

dominic chu takes a look at whether wall street will heat up along with the temperatures. >> reporter: there have only been a handful of days so far this year where the s&p 500 has moved up or down by 1% or more. but that quiet move

but it has been really tul muhae chus. the specifically one that we just had.idely known as the sort of france's donald trump. she's a far-right populist. very anti-islam and very anti-european. remember what barack obama just said, emanuel macron, the radical centrist here, he stands up for liberal values. but what he means are the liberal values of france'slace in the world. france's place in europe. those sorts of things that obama stands for. but macron is no far-left candidate. not a liberal. just a centrist. these two candidates are coming from opposite positions and this is really dividing france in half and we're going to see this on sunday when the bruising election finally comes to a close. >>> april jobs numbers are out and the unemployment rate has fallen to its lowest level in a decade. ali velshi is here with a luke at t look at the numbers. >> every first friday of the month i do this report and i get all sorts of tweets about how this was barack obama who did this or it's donald trump who did this or you don't give obama credit or trump ct. pres

i don't think ron kind was here when we introduced judy chu. and earl was here part of the time. so dr. miller, welcome. as i read your report, your testimony, and also the executive summary, i was just struck by the thoroughness of the work you do. a lot of the issues are controversial. i remember when we first talked about controlling payments to physicians and the heck that we received and how much controversy there was. and you thought the sky was falling and it would never work out. and i mention that because i really think your report, and it has areas where there are difference of opinion, your report shows how successful this has been, this program, that is, in some respects a public but not only public, but public and private partnership. and with a lot of back and forth from the private sector as reflected in your report. and i just want to comment for each of us on this committee and this subcommittee, when we go home, we have lots of meetings with the various providers, the various groups, and they have differences of opinion. and they have some urgent pleadings. but

first, though, to dom chu with breaking news. >>> what we are watching now is a move in the financial stocks, big bank-related ones on the heels of bloomberg headlines saying that president trump is weighing possibly a revival of the 1933 act, xheshgs banking operations. he told reporters in the white house oval office at bloomberg, quote, i'm looking at that right now, referring to a possible breakup of the big banks. there are some people that want to go back to the old system. so we're going to look at that. those are the headlines. we did notice that in the spider financial etf, the xlf, the ticker, that was probably dropped around 20, 25 cents on the heels of those comments. we are seeing at least a pushback towards some of the levels. we've gotten back some of the losses. still, though, it's something to watch for as we see what will happen on those trump comments. now send it out to the conference where brian sullivan is standing by. >>> we will be watching the banks and financials on that. we are live at the global conference in los angeles, california, and have a stacked coup

chu. the speaker pro tempore: the gentlelady from california is recognized for one minute. kate called erday, my office worried for her son who is 1 year old and was born with muscular dystrophy. he will need care for the rest of his life. without the ban on pre-existing conditions, the cost of insurance for her son will be astronomical. she's paralyzed with fear about how she's going to be able to care for him for the rest of his life. because under trumpcare the health care bill written for donald trump and not the american people, insurance companies would be able to charge kate's son more because he has a pre-existing condition. imagine that. her son's health care will be out of reach, his precious life in danger. that's unimageably cruel, especially when we have a system in place right now that gets kate's son the treatment he deserves. that's why i'm opposing this bill today. i cannot support a measure that we know will cost sick people more money. will force families to pay higher premiums and deductibles, will force 24 million people off their insurance and guts ess

dominic chu on the floor. >> amazon encaps lats the tech consumer discretionary theme.down about 31 points for the dow so far, the s&p off fractionally as well. the nasdaq hoping to pace things just about flat, slightly in the green because of amazon. if you look at the week we just had, the last one week of trading the sector playout has been interesting because it's been an interesting mix of both cyclical and economically less sensitive stocks. telecom discretionaries at least tech for right now to lead the way higher and then the energy stocks and financial stocks so far showing some resigns of weakness. over the last week technology and utility stocks outperform as well as consumer discretionary and consumer staples, so an interesting barbell developing in the market. if you look overall at the real picture for the outperformers we do know and some of the underperformers as well that energy stocks are showing real signs of weaks. oil $49.25, off 60 cents per barrel. the energy sector are some of the lagers after we saw 19 straight weeks of gains so oil pressure aga

i'm dominic chu. stocks posting moderate losses. half of the sectors green. half in the red. estate, the best-performing s&p 500 sectors in early trading while health care and consumer discretionary are the biggest lagers. one stock weighing on health care,aller beg care, allergan, the sector the worst performer week to date. still positive for the month and up about 9% year to date. one sector to watch for sure overall. as we talk about the idea that markets are girating, lack of volatility. technology, financials, key to watch along with health care. the three biggest in the s&p 500. that does it for this hour of "squawk on the street." let's send it back downtown for the start of "squawk alley." back over to you guys. >> got to look for metrics of volatility somewhere. it is 8:00 a.m. at disney headquarters in burbank and 11:00 a.m. on wall street and "squawk alley" is live. >>> good wednesday morning. welcome to "squawk alley." a lot to watch today. disney, oil snapped tonight. the top story is the president firing fbi director,

and dominik chu with what is working today's market. dom? >> as we look at dow jones industrial average we look at wednesday with the worst trading day of the year big all of a sudden just about a quarter after percentage point away from flat lining for the week. so again, this is a pretty interesting week. one of the big contributors so far speaking of defense contractors in saudi arabia, boeing shares, one of the best performers if not the best point performer on the dow today. see that 1.5% gain. worth about 17, 18 points of dow gains overall today. that's post 5 with imc. let's look at citadel over here. as we look at one of the other big performers. goldman sachs up today. we are talking about 15, 16% move here for goldman sachs shares as well. caterpillar, want to point that out. it isn't dooer beere, but it is component. then you look at overall here, united health group, one of the other big performers, $1.22 and change, maybe a little bit up. still worth about 7, 8 points over all. as we talk about the dow's top point contributors,

quÉ pasa con el horÓscopo y vamos contigo adelante mario. ( ♪ mÚsica♪) >>> muchas gracias rashel un chu>> a kwau rÍo un momento difÍcil, tengan mucho cuidado con sacar el carÁcter rebelde y las ma nias de siempre querer tener la razÓn. piscis noches de insomnio pensando siempre en lo que pudo ser y no. recuerda el amor maternal es el mÁs puro del mundo. quÉ les parece si vamos con verÓnica albornoz y la proxima parada hasta nueva york. ( ♪ mÚsica♪) >>> ay! sÍ queridos amigos llega la hora de enlazarnos en nueva york, en un sitio especial donde estaremos lunes y martes >>> sÍ padre, estÁ verÓnica aveni albornoz estÁ listo, preparando todo parla prÓxima semana >>> muy buenos dÍas adamaris, y daniel, les cuento finalmente que el proyecto de ruso velo aislando es una realidad, por dÉcadas se ha planeado este desarrollo urbano y muchas personas podemos disfrutar de esta joya y este te ro situ que tenemos en la gran s ro situ que tenemos en la gra tenemos en la gran o situ que tenemos en la gran situ que tenemos en la gran que tenemos en la gran o que tenemos en la gran manzana. >>> la isla r

to dom chu with more details on what's going on at molina health. >> it's not any of the molina brothers, any of the catchers in major league baseball. i can tell you a report that in the last few moments shares of molina health have resumed trading. remember we told you it was up about a percent prior to the trading halt. it is up about 16%, 17% on heavier pickups in volume here. it was up as high as near 19% to almost 20% on the heels of that announcement that molina health care's board of directors has, in essence, fired its ceo and cfo to molina brothers who are second generation owners and managers of the company, both of them big shareholders north of 2% stakes in the company. so not unsubstantial in any way, shape or form. this was for what the board calls poor financial performance. those shares -- i should point out, guys, that they have postponed their annual meeting which was supposed to take place later on this month again from may 3rd all the way to may 10th, one week later so a postponement of the annual meeting on the heels of this. we could expect questions and fireworks

i'm dominic chu. sectors trading in a tight range so far. leading the way higher. real estate and telecom lagging. several hitting record levels, marriott hotels, ulta beauty, royal caribbean making fresh record highs. check out shares of microsoft in record territory as well. and for those watching amazon, the number here 999 to notch an all-time record got to get above there. we'll watch what's happening there. on the flip side, signet jewelers, we'll watch those names for sure. that does it for "squawk on the street." let's send it back downtown for the start of "squawk alley." back to you guys. >> dom, thank you very much. let's start off "squawk alley." it is 8:00 a.m. in seattle, 11:00 a.m. on wall street and "squawk alley" is live. ♪ ♪ feels something like

i'm dominic chu. real estate and utilities, the only sectors green.e, down over 3%. you check out shares of citizens financial, charles schwab, bank of america, plunging more than 4%. financials very much a focus as we talk about today's trade, tech, financials, materials, some of the worst performing sectors today. that does it for "squawk on the street." let's send it downtown for the start of "squawk alley." >>> thank you very much. welcome to "squawk alley." i'm carl quintanilla with john fortt and sara eisen. we are in the midst of a major sell off. only one dow in the green, unh. s&p is down 31 and change. both of them testing the 50-day moving average. gold is up 22, 23. the vix has shot up past 13. the ten-year fighting with 224. we couch all of this with the knowledge we have gone 15 sessions without a move as much as .5 in either direction. >> the context is important but there was just too much turbulence when it comes to the headlines in washington, d.c. if you loo

don chu has that part of the story. yield curve, now it's flattening. >> you saw the spdr, they were pacing the declines yesterday, they pulled back about 12%, 13% since highs in early march. as we talk about financials, it's not the only place getting attention. we talked about technology and weaker points there. look at some of these. we looked at some of the long-term trading prices, in this case the average trading price over 200 days. about 50 stocks in the s&p 500 are 10% or more below that longer term average trading price. not good, but to balance things out, there are about 120 stocks so many more, trading at least 10% or more above the same average trend price. the lagging stocks, depending on how you want to look at this, either the ones that could be perhaps doing really badly or continue do do badly, are some of the themes we talked about, industrial companies like fluor, neufeld energy. down 17%. macy's and under armour, more than 13 pors % below the averag trading price. maybe they revert back. the bigger