matt, where's secretary chu?hecks out. >> stephen: secretary chu, as a father, i know that you're always going to hear the kids, you know, being rambunctious, screaming, yelling, laughing, whatever. eth when they go silent that you get really concerned. what worries me is perry's gone silent. what's going on up there? it's too quiet, secretary. >> that, i can't answer. >> stephen: okay. matt, you've tried to lure sasquatch's big foots for years. you've pioneered techniques -- a sound blasting. >> sound blasting. >> stephen: wood knocking. yes. >> stephen: coordinated mimic howling. >> himming howling is you're mimicking the howls they make to respond to that. >> stephen: give me an idea ( loud, long howl ) ( laughter ) >> stephen: that howl, is that male or female male? >> that's more of a female type howl. >> stephen: really? how do you know what they sound like? >> because females are higher pitched and the males are a very big baratone. >> stephen: what would be the mating call of the secretary of energy? >> h

back to you. >> thank you very much, dom chu. michael santoli now for show "trading nation." >> thank you very much check out foot locker having the worst day in nearly two years after missing earnings and slashing guidance as those trade tariffs loom craig johnson from piper jaffray. craig, this chart has a lot of jagged peaks and valleys how does it look to you? >> i look at the chart and something that doesn't fit for me from a technical perspective because we've had a big downdraft here in the stock and really oversold. look for some sort of little relief rally in the stock. perhaps back to 53 but ultimately, if that fails, support at 30 and not a stock for me at this point in time, mike. >> whole chain retail, you can find inexpensive looking stocks with obvious challenges out there. is this the kind of name that you might be attracted to at this point >> not a name, we prefer the suppliers with the e-commerce route and in addition, nothing is really more at risk from tariffs than specialty and athletic apparel particularly,

when you take all those things together, and like i said, member chu and member post had looked at it, and we made a couple of suggestions. if you have any, we can make them now or of course at any time. >> i have some comments. we meet once every two months. why aren't we meeting once a month? >> so i wouldn't recommend doing that because i don't think that the bonds change that much. >> the bonds don't, but the performance audits do, and the other general audits do. there's enough that we have to kind of rush through a lot of stuff on a once-every-two-months schedule, so i think it would make more sense if it was once a month. that's my view. >> i know. mine is the opposite. >> yeah. >> i'm with you. >> we were trying to simplify the content and meet some of the scheduling challenges that you all have experienced. and i think standardized templates will help with this some, as well. it'll be a little less confusing to try to figure out what's being shown in the presentations, so this was some of our thinking and discussion about it. >> and just -- i know there's nothing in the admin

joining us now, congressman jim himes of connecticut and congresswoman judy chu of california a member of the ways and means committee. thank you for joining us tonight. great to have you here. >> thank you. >> congressman chu, i want to get your reaction to the news that the treasury secretary steve mnuchin will not comply with chairman neil's subpoena for trump's taxes because you sit on the ways and means committee that has subpoenaed those taxes. your reaction, please, to steve mnuchin refusing to comply with that subpoena. >> i said to myself, here we go again. this is the third request for trump's tax returns. they once again have not complied. but there is a difference with this request. it is a subpoena. so it does allow us to go to court, and one of the options is indeed for house counsel to ask the speaker to have a vote on going to court. and we could be in court as soon as next week. as we saw with the subpoena issued by congress member elijah cummings, they already have had a court hearing, and there is some possibility that those documents that they requested will come fo

michael santoli and dom chu weigh in on that next. all in one place.ause when it's decision time... you need decision tech. only from fidelity. >>> welcome back uber opened at $42 a share below its ipo and back up around 44 and what does this debut and joining me are michael santoli and dominic chu. all right, mike, i need the hot take from santoli on this open today and ride hailing to some degrees. >> reporter: i wouldn't say sentiment towards the nasdaq or necessarily ipos if you look at pinterest, totally different kind of business model and similarly anticipated name it's traded very well. i think you need more than one deal to open soft before you basically say, you know, silicon valley was yesterday's news. and prominent example of the ride sharing business model. >> so here, i would say what mike said and go one more step beyond that and i would say that the conversations i've had throughout other folks in the business today is that it's not so much an indicator about sentiment in the marketplace and mike said specific to uber, but i would say

>> commissioner chu: i'm just so pleased to be here. this is my first ever commission that i ever joined. i'm so excited to serve the city and county of san francisco in the capacity that i'm passionate about. transportation is obviously is my first love so is urban and planning. thank you for having mel and i'm excited to serve. >> we have an incredible meeting. highlights the various community partners. that are aligned with the city's commission getting to zero waste. 80% sustainable trips around our city being power by 100% renewable energy carbon. we're looking forward to hearing about the work of the community partners. you want to recognize commissioner ahn what has an adjournment in memory. >> commissioner ahn: i like to begin the meeting in tribute to marie harrison. longtime environmental activist. she passed away may 5th at the age of 71. she was tough. she was effective and she was a tireless advocate for environmental justice and equity and justice issues the bay view. she's known for her work in the bayview. she her story

i'm dominic chu.ures pointing to a solidly higher open. the dow would open up by 99 points the s&p by 11. the nasdaq up by 63. wall street is kicking off a new month with stocks sitting right at record highs, and that's got many investors asking does this really still have legs brian sullivan sat down with city's global head of debt capital markets. he asked what he thinks. >> pleased to be joined at the milken global conference by the new global head of debt capital markets at citi. is there anything you are seeing that scares the heck out of you from a credit perspective? >> sure, solo. in the immediate term, no. there's so many head winds in terms of global growth, you have to be worried about a slowdown and what that's going to mean in terms of corporate credit over time, right? you have european economy that's very, very -- growing very slowly a k. countries basically in recession. that's going to have an impact on our corporate credits at this some point that's going to cause a default rate to s

host: judy chu with us from california.ou can ask us questions at (202)-748-8000 for democrats, republicans, (202)-748-8001. independents, (202)-748-8002. how speaker pelosi speaking about the topic of the tax returns this morning. i will have you listen to what she had to say and get your response. [video clip] >> how far would you go on that front? could you hold the secretary of treasury steven mnuchin in contempt? some democrats have raised the prospect of arresting the treasury secretary if he does not comply. rep. pelosi: let me say we do have a little jail in the basement of the capital. [laughter] but if we were arresting all of the people in the administration, we would have an overcrowded jail situation and i am not for that. getting to the committee , the chair of the mate -- of the ways and means committee, he has a path and again, all of unprecedented. one of our options is to go directly to court. >> it is probably going to be settled in court? is the way wehat are going to do it. host: if court is the first p

chu did that day. i'm not quite sure what he did, to be honest with you. i don't know if first amendment rights were suspended or what but i was dragged out by the sheriff's office and as an american citizen within i'll be dammed if i will do that in silence. civil grand jury of city and county of san francisco for 2010 and '11 wrote, because the ethic's commission, lack of enforcement, no city employee has been disciplined to adhere to the sunshine ordinance. the commission has allowed some city officials to ignore the rulings of the sunshine ordinance task force. next week, we will dim to discuss the three orders of determination. supervisor peskin, i admire your dad. if your dad were alive today, i, too, think he woulidon't thinko name the chinatown subway. this is to extend a persecution religious group from going to sanfrancisco. there's a huge population in san francisco of survivors from china and they escape from china and live in san francisco today but live in a shadow of rose-peck. as a jewish desendant, i think you should know how terrible it i

see if gasoline prices are next >>> tesla's rough week, and "the game of thrones" gone from hbo dom chu has the play-by-play >> the last 10 or 20 seconds the lows of the session. the dow off by 1.75%, similar move in the s&p 500, its nasdaq off by 162 points, a 2% decline there. one of the main parts of the market we are keeping a close eye on is the transportation industry iyt is off 2%. on a week-to-date basis it's off 3%, again, week to date and it's down 6% on a month to date basis so this could be the first three-week losing streak of the year for transportation stocks and the macro picture, some traileders like to look at copper prices as an indicator of the macro global economy copper and oil prices that come out of the complex want to follow in this down day. el where come to "the exchange." i'm kelly evans. the u.s. flash manufacturing pmi fell to nearly a ten-year low but a number of americans filing new claims for unemployment benefits held up well at 211,000. housing home sales down 7% last week coming from a multiyear high revised in march. let's drill down more on the trad

dominic chu. >>> trade tensions are rising, starting to see u.s.omplying with president trump's ban on doing business with huawei specifically, google cutting ties with the company and appears that the u.s. and china have hit a wall in trade talks have both sides. chief strategist at silver crest asset management and hamilton placed strategy's founding partner. welcome to you both. patrick, markets are really kind of shrugging this one off. is that because they still think somehow we're all marching along towards a deal >> markets have been very volatile in response to the news on trade and u.s. and china tensions because they're trying to decide whether this is sort of a manageable problem that has limited cost and will be resolved maybe at the g-20 and whether it's a bigger unraveling of the relationship with the two largest economies in the world and if that's the case, it has much more serious implications that are rather difficult to price. >> sure. tech is the hardest hit sector today and the nasdaq, seeing the damage much more so than the s&

back to you. >> dom, thanks >>> dom chu. the bond market.elli tracking all the action at the cme. hi, rick >> reporter: hi, melissa lee productivity caught my eye and zoomed since the press conference yesterday look at the two day of twos. we dropped like a rock briefly to 220 we're up 14 basis points from that level tens, not as big a ride from 245 to 255 and if you look at tens minus twos, the yield curve spread, what's interesting is all the odds that occurred at the end of last year in october, you can see the way the curve flattened. you don't really want that, do you? it has been steepening it was a lot steeper at one point when the markets were on their lows but when they bounce back, it flattened a bit we are curving up on that chart. finally, the next chart, the dollar index last week, we had three days in a row with 98 handle hadn't since may of 2017 we're only about a fifth of a cent away on the two week chart as you see there what's really interesting is that means we're less than half a cent away from the high that goes back 23

are more store closures next we'll get in to that >>> but we begin with the selloff and dom chu has the numbers. >> so how about less bad still red across the board, but still less bad means that we're down about 280 points overall in the dow jones industrial average so far, but we were down about 329 at the low so, yes, it is still bad, but knots a bad. the s&p 500 over 1%, declines to the down side here again, we focused on it yesterday. the transportation stocks, namely on the heels of this u.s./mexico trade issue because transportation stocks including railroad companies like kansas city southern taking a move lower. dow jones itf iyt has moved lower by about 12% and then one industry group in particular, auto stocks, auto parts stocks, those stocks all moving to the down side. general motors off 5%. fiat chrysler do you knwn 6%. general motors has 14 manufacturing plants in mexico, many spliof the supply chains w be a focus the rest of the day and of course the trade dispute. >>> welcome to "the exchange." i'm kelly evans. let's get straight to the latest on the new tariff threat t

dom chu at the commodity desk. >> it was the same time yesterday we talked about the reversal in oil positive because of the changing emphasis on u.s. trade deal worries to the geopolitical risks in the middle east and the u.s. carrier group being deployed that narrative see sawed back again with trade today west intermediate prices $661 ad then $69.89. that global economic downside, u.s. and china can't seem to get trade talks back on task and we are slated to get private sector data on u.s. oil inventory by the american petroleum institute later on today and then tomorrow morning, the official government data from the energy department on last week's inventory numbers. back to you. >> dom, thanks very much markets are selling off as we get closer to the president increasing tariffs potentially on $200 billion of chinese goods. how do individual businesses feel about the effect of u.s. trade policy those answers in our cfo survey. hi, frank. >> good afternoon, tyler just days before the president tweeted about possibly increasing tariffs on china, the cfos in our survey expressed th

that does it for "rapid fire," contessa brewer, dom chu and leslie picker. here's what's still ahead on "the exchange." >> announcer: the push for a rate cut intensifying today as the vice president joins the growing choice is the fed listening or tuning out the noise? we'll ask cleveland fed president loretta mester. >>> and they're off! the 145th run for the roses is tomorrow we'll head live to churchill downs for a look at the big money behind the big race with mike tirico. what's a target date fund? what's a hedge fund? a mutual fund? an index fund? what should i ask my investment professional? how do i know if they're even legit? edgar? who's edgar? how do i read a 10-k? what about fees? what's an etf? 529 plan? 401(k)? how do we plan for retirement? where do i start? empower yourself with the free tools and resources on investor.gov. before you invest, investor.gov. on investor.gov. the ai i need? it's gotta scale across my business. starting here, in procurement, helping us find the right suppliers. then here in logistic, to avoid disruptions! here in

. >> president bermejo: we welcome our new commissioner tiffany chu. commissioner stephenson was sworn in. thank you with that. our next item? >> [agenda item read] >> thank you president. normally we do this at the very beginning of every meeting. today we wanted to mix it up a bit because of all the guests. thank you becca for your patient patience this is way to highlight great work of the department. you have t -- i have to say i le this one. i was so blown away. i'm not going to give it away. it's so clever. becca? >> that's quite an endorsement. i like to talk about our new resident campaign. it was to encourage behavior change in new residents in san francisco towards sustainable transportation and away from single occupancy vehicles. why new residents? san francisco has historically been shaped by many ways of new residents. our current wave of techies isn't different. what we're seeing is a combination of high salaries and really readily available ubers. it's impacting our transportation sector in a way that's lasting. this is a very important

are talented from the top tier institutions like i 80 i am the central unless it is like dean januvia chu and the likes so you have to give responsibility upon them and the change in political sort of quite so basically put those people in the job who know how to do the job and so that can improve the situation at the grassroots level and is that is that the point you're making just this one of the point that has been taken up quite a lot in this entire election campaign it's always been this issue of employer britain based on that i want to ask you about as well. do you there are reports that are saying that unemployment in india is at a 45 year high you already have a job but do you find concern amongst the parents of your students that potentially their children may not find a job is there any concern around the employment. the article they are concerned about jobs because what i think right now the jobs are not having to build here. now it's really an ongoing one. deciding to go abroad not in our own country the education system the. education system and sometimes you talk about. how

>> good morning, chair person chu, commissioners. i am charles egaris. i am a project manager, program manager, more specifically, on the earthquake safety and emergency response bond programs 2010 and 2014. very happy to be here this morning, again to share with you the work that we've done and we are doing going forward here. in regard to the overview, you know that we have a variety of components in each bond. they usually align with first responder functions of the city and most specifically with regard to police and fire. at times, we have others who participate in the bond program with us. most recently in 2014, we had the office of the chief medical examiner as one of our projects. in regard to at a high level where we've been and where we're headed, we've had some very nice accomplishment in regard to the completion of two major fire station facilities. fire station 16 and fire station 5. this report is through the quarter march 2020, so there are some things that have emerged since then, and i'll share them with you if they're notable. fire stat

. >> thank you so much to our assessor recorder, carmen chu who is an incredible leader in the city, and the reason why we are able to generate so much revenue, to spend on all the really important things that we know we need to do to really change our city for the better, because we know, as she said, that our strength is our diversity, and with diversity, we protect our diversity, we celebrate our diversity, and we are excited about the launch of a.p.a. heritage month in san francisco, beginning may 1st. there will be a celebration, and a number of activities throughout san francisco. i want to thank claudine chang for her vision in 2005. [applause] >> she really stepped up to the plate and said it's important that we really focus on a celebration of our community, of our heritage, of what makes san francisco special, that we elevate that and we come together and those put -- reticular celebrations. thank you so much to claudine on the committee who continue to volunteer countless hours to make a.p.a. heritage month in san francisco such an amazing time for all of us, and thank you

. >>> it's time for rapid fire here are leslie picker, dominic chu and contessa brewer.stamps.com. we haven't seen a stock story like this in a long time it's down 50% for the second time this year this after slashing earnings forecast for 2019, they made a 35% cut from the bottom end of the previous guidance citing circumstances between its partner companies and the u.s. postal service they lost their exclusivity last quarter. >> that's what's called being levered to one business. stamps.com was a huge deal back when the internet was really getting going and the mail order thing was really taking off, but the evolution of just the postal service and it's issues with stachs d.com, the changing landscape just didn't lend itself >> this is a multibillion dollar company. we are down to the hurricaneshu millions >> i'm curious if that brings activists table. the last time they had one was 201. a single class share structure not classified board this could be a situation where an activist comes in and says we need to diversify the business model. maybe sell it. try and recon

it passed through committee by assembly member chu. i want to thank supervisors furer and brown for their cosponsor. the rest i submit. >> mr. president, that includes new business. >> i move on tbefore i move on,t read it a name as one of my cosponsors and that would be supervisor stephanie. thank you very much. so colleagues, thank you, colleagues. madam clerk, let's go to public comment. >> now is the opportunity for the public to line up on your right if you're interested in addressing the board for up to two minutes. you may speak about 2017 and items 23-34. this is a whole and if you would like to display a document on the majo overhead projector, plt your document and then remove the document whe when you woulde the screen to return to live coverage of the meeting. >> michael, go ahead. >> i want to start off by commending peskin for putting trent royal in check with several contracts that he violated. that's not the only contract that's been violated. there's a contract that applies to this mission rock, a 1,500 apartment build

back over to you. >> 523 days away, apparently, dom, thank you dom chu.hael santoli for "trading nation." mike >> thank you, melissa. let's take a look today at 3m. it's the worst performer of the dow so far this quarter. matt maley, your "trading nation" team these are the conditions to ask, where it's so bad it could become good. how does that apply to 3m here >> not only stocked down 15% this month but down 25% since late april i mean, basically, they reported poor earnings. they were already having problems before the trade negotiations fell apart. so the stock is really in tough shape. on a technical basis, having said that, very oversold look at the daily chart, rsi down to a level usually followed by pretty sharp bounces. also at a 20 day discount, back to the moving average. you have to go back to the 2009 lows to see that kind of discount and weekly rsi chart, also very oversold back down to levels to see sharp bounl bounces. this is not a stock i want to be selling here if you want to buy it, it's a short-term flip, but i think you'll see a good

i'm dominic chu. let's get you up to speed on the top headlines.your executive recap. >>> here's what's leading cnbc.com right now the co-founder of the world's largest hedge fund is raising a big red flag on the trade war. ray dalio says any move by china to restrict rare exports to the u.s. would create a major escalation in the trade war. rare earth is used in a variety of things from mobile phones to fighter jets. >>> dennis muilenburg offering a personal apology to the families of 737 max crash victims boeing says it has completed a fix for the 737 max planes that fix still needs to be certified by the faa and other global regulators, but muilenburg says he is so confident in the software fix, he would let his own family fly on the jets. >>> softbank's vision fund is looking to borrow $4 billion against its stakes in uber, slack and garden health. this move comes as softbank looks to hand back cash to investors. softbank shares down 10% this month. down slightly in early trade back over to you >>> let's check the markets. futures now pointing

david chu and ash carra are looking to get a look at the border. 6 this comes as thousands of central american immigrants seeking asylum in the u.s. continue their wait in mexico. >> to decision 2020. mayor pete buttigieg is the first openly gay candidate to run for president. kamala harris spoke at the anniversary gala. they trail joe biden by 20 points in recent polls. >>> berkeley ferry service faces a big obstacle this morning. the mayor says the city still has to conduct a study to determine if the pier needs to be restored . it is crucial to economic development and disaster recovery. >>> hiking the half dome in yosemite may be getting worse. the park began limiting the number of hikers back in 2010. it started after four people died in four years. a new study found rescues per person doubled after the park started requiring permits. they say they need more data. >>> 4:53. nbc bay area responds. >> two new stations, two languages and one team. consumer investigators chris chmura. nbc bay area responds, next. >>> and happening now, southwest e texas preparing for more rain. take

thank you all, gentleman. >> thank you, queen kelly. >> thank you, domenic chu, robert frank >>> oil prices are climbing as tensions between the u.s. and iran escalate with trump tweeting a harsh warning to that country. s will have the latest detail and what it means to the energy market straight ahead. 10-k? what's an etf? an ipo? 401(k)? where do i start? empower yourself with the free tools and resources on investor.gov. before you invest, investor.gov. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. >>> welcome back oil prices are climbing higher as opec indicated it's likely to min tain production cuts this as the u.s. tensions with iran have escalated. president trump tweeted if iran wants to fight, that will be the official end of iran, never threaten the united states again. >> welcome. >> thank you >> you know it's ironic. you don't often get a threat that strongly worded from an american and in a way have the market reaction be f

second by chu. can we take this without objection? great. we are invoking attorney-client privilege. we're going to be going into item 3a. we would ask that all persons who are non-legal counsel to exit we're coming out of closed session. there's going to be two parts. there will be a motion to disclose under 3a and motion to not disclose under 3b. procedural otherly, we need to a vote and then we would disclose whatever we're going to disclose under 3a. is that correct? >> you can take the vote and agree that except for 3a, you're been going to disclose. can i call for a motion to disclose except for 3a, in which case it would be the recommendation passed by the board. >> motion and second by casciato. can we take this without objection? do we have to vote on it first? >> vote on it first. >> we can take it without objection. madam secretary, would you please read the board's recommendation from 3a. >> board approved to number one set aside the hear officer's may 23rd, 2016 decision denying the application and june 15, 2015 addition denying

. >> fixing government, that's a wide open space, deirdre thanks and for now, let's get to dom chu. >we've got consumer discretionary stocks up fractionally on the day but one of the relatively underperforming groups today in the trade. several retail stocks in the worst performers kohl's down about 11%, off its lows after it slashed its outlook for the rest of the year, on pace for its worst day since january of 2017, also seeing weakness in order nordstrom, down 1% or so home depot and tjx both off by about 0.5% or so as well despite the underperformance today, consumer discretionary still the third best performing sector this year so far and morgan, if you look at one etf, ticker xrt, it's up 0.75%, a more equal weighted etf, one to watch in this retail earnings week continues back to you. >> absolutely. thank you. dom chu back at hq nasdaq is up over 1% today as well, on pace to break a two-day win streak frank holland is there at the nasdaq with more >> good morning. you know, chip stocks and f.a.n.g. names making a big rebound today following the use from the u.s. commerce depar

treasury secretary steven chu will meet again on friday asian brought his latest now from beijing. well in the days leading up to this the eleventh round of negotiations between representatives from china and the united states beijing has repeatedly warned that it's not prepared to offer concessions in the face of threats from the united states that said president trump has now said he's received what he calls a beautiful letter from president xi jinping president xi jinping knows what sort of leavers to pull with president from a times like this and this was a letter it seems full of a moly and soothing language so it seems that the the mood is perhaps changing that said china is very nervous this hike in tariffs comes at a time when china's economy is continuing to slow and this is a very important year for china's leaders because in october they will mark the seventieth anniversary of the founding of the people's republic of china not a time when chinese leaders can appear to be weak now china has said it's prepared to respond with countermeasures to this increase in tariffs wha

your reflection, representative chu?> i think there is great concern about this escalation from both sides of the aisle. and president trump himself said he did not want to be drawn into a war. but here we see actions that are getting us closer and closer to do. we see the u.s. withdrawing from the iran nuclear deal. we see that the, they have designated the iran revolutionary guard and terrorists even though they were warned that would be provocative and then we see the "uss lincoln" strike group getting closer to iran. so these are, these are moves of great concern, and it could draw us into a war that we do not want to be in. we're tired of being in the middle east, and certainly with iraq. we got in there with very faulty information. we do not want to repeat that. >> representative lawrence, as you heard today, we're hearing from administration officials, saying be careful. commercial airlines flying over the persian gulf. might be misidentified for the everyday american. a little concerning. >> it's very concerning

. >>> here to break them down dominik chu and bill griffeth and let's just say she found the wedding band >> i did >> excellent news. >> i did huge thank you to all the folks at the hilton bentley down in miami. >> i was afraid to ask. >> me, too >> i am glad it had a happy ending >> we had to start on a positive note amazon is apparently in prime position to deliver on its one-day shipping promise a new report says the company is already capable of shipping to 72% of the u.s. population within a single day. recently announced plans to offer this shipping as standard for all prime members and amazon talked about all weekend, of course, out with the news that berkshire hathaway has been buying shares. >> the whole idea of having one-day shipping is fantastic. i know my parents live in a part of california where they are optional for same-day shipping in some of those and it's been a game changer the only issue i have is because i'm a numbers guy, i always want to crunch the numbers to see if it's worth it for me to do it. i'm still one of those folks. >> i am a prime member, but wheth

have been no group of stocks hit by the semiconductors seeing all sides of the trade fight dominic chu at cnbc hq with just how the chips are down the chip crash and the semiconductor slump and it's been tough sledding for the industry overall as it remains firmly situated in the whole u.s. china trade war story and it's pretty clear how much the trade headlines are with chip stocks and the ticker smh now down around 18% or so from its record high that we saw back on april 24th, even with that decline, though, it's still up around 13% year to date. among some of the more well-known semi names to be hit, intel is around 15% for the month of may broadcom is down around 20% and same goes with nvidia. micron is down about 21% and qualcomm, the worst-performing stock in this etf down 23% or so driven lower in large part by that federal judge ruling that it acted with an anti-competitive manner with how it charged licensing fees to certain customers and an honorable mention on its stock search today as some traders get optimistic and bullish about amd's latest chip offerings, the move means

water is right now we'll have all of that ahead in rapid fire but we begin with the markets and dom chu has those numbers. >> bulls will take this as a bit of a victory we are green, modest, but still dow up around 100 points a third of a percent to the up side s&p about a similar percentage gain and nasdaq as well. the trifecta here, all a third of a percent to the up side. a key sector that we continue to watch, the semiconductor side within technology because those particular stocks are showing a bit of a rebound today as well again, not a lot, but still 0.2% to the up side remember it ran up by about 50% and then has pulled back by about 6% since those highs and if you are looking for the stock of the day, an ipo and it is a big one, a big federal contractor, they do business software solutions, this is parsons, it priced at 27 bucks a share. and it got up to right now $30.54 a 13% gain heavy volume, we'll put a star and check there. a good ipo for parsons kelly, back over to you. >> and uber looms on friday. thanks >>> welcome to "the exchange." yields are on the move today the ten

actually love netflix and who is benefiting the most from the streaming giant's popularity >>> dom chu has the numbers in the markets. >> we're not going to get back all we lost yesterday but a good start to end friday. the dow jones up by 130 points the major averagesare a half a percent to the upside. the nasdaq composite keeping pace with the dow. the big story of the week so far outside a lot of the corporate headlines has to do with oil prices so far this week alone here we have lost about 7% in terms of wti crude prices remember, there was that massive run-up of 56% from the lows that we saw late last year, so wti crude certainly weighing on the overall markets, and if you're looking for a stock in particular today, the biggest point contributor impact, one way or the other in the dow always is going to be boeing, but even more so when it's up 2% today, early headlines from reuters said the boeing 737 max jet could be back in flight as early as late june and we just had headlines recently from bloomberg saying that boeing could face an s.e.c. inquiry into its disclosures around t

joining me from california is california democrat representative judy chu, a member of the house ways and means committee. good morning to you. thank you very much for joining us. >> thank you very much for having me. >> as you know, the chairman of your committee has issued a subpoena to basically try to get irs treasury to turn over tax documents not just his personal tax forms but i understand business as well. this is something, of course, you could ask for without a subpoena. so what's the reason for a subpoena? >> well, a subpoena is one more tool in the toolbox, and it demands that those trump tax returns be turned over. the subpoena's been issued to the department of treasury cabinet secretary mnuchin as well as irs commissioner charles reddick, and it says that the tax returns must be turned over by friday. if not, then the house counsel can request that we go to court and we can accelerate the court process even sooner, which may be a very good thing. >> it looks like you were headed to court anyway, right? >> that is right. there is a difference between answering the court