>> chubb insurance. >> that's it >> that's the pick >> thanks. see you on the next show steve?> lennar has been holding i said wait to buy it until it holds the $50 mark and it's held the $50 mark since april 4th and you're okay to be a buy are and i'm still good lennar. >> man of a few word, carter sometimes less is more i appreciate you being here. 5:00 a.m. and 5:00 p.m >> guy, thanks for making it easy and we're done, options action with mr. carter starts after the break. and they took my toothpaste away. and you should be mad at people who take unnecessary risks. how dare you, he's my emotional support snake. but you're not mad, because you have e*trade, whose tech helps you understand the risk and reward potential on an options trade it's a paste. it's not liquid or a gel. and even explore what-if scenarios. where's gate 87? don't get mad. get e*trade and start trading today. ♪ ♪ >>> hello and happy expiration friday the guys are all getting set behind us on the nasdaq and as they get ready, here's what's coming up on the big show. >> well, um, actually, a pretty nice lit

liz: tim chubb be 3 billion in assets. [closing bell rings.he claman countdown". u.s. was lifting some trade restrictions on the chinese company huawei. so the dow settles in higher by nearly 200 points, 197 points, right around session high. good stuff, good to be with you i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." tech-heavy nasdaq ending in positive territory. nasdaq closing up 1%. we have more on big market movers. here is what is new at this hour. connell: breaking news at this hour on capitol h

. >> big insurers, state farm, chubb, aig, metlife and others all have exposure to the catastrophe lossesthi spring's severe weather. late-season snowstorms and massive snowmelts, hail, wind, and the flooding. so much water across farm fields and historic towns. flooding even closed locks on the mississpi river and shut them to commercial barge traffic and now the start of hurricane season. the national oceanic andc atmosphe association or noaa, predicts as many as 15 named storms this year, two to four of which could be major hurricanes. a the forecasts are accurate, that would be near-normal season. the insurance information institute says homeowners who live in areas that h have be by hurricanes in the last couple of years are likely to see their insuranceo rates g up, and specialty wind storm insurance rates are rising by 10% to 20% according to industry experts. businesses and homeowners who don't already have insurance may find themselves in a tough spot. the national flood insurance program isch seduled to expire tomorrow. aisaster bill continues to have language to extend it and t

the chubb administration more than doubling tariffs from ten to 25%.roducts imported from china, saying beijing reneged on commitments regarding theft of intellectual property. trade secrets, and currency mutilation. the president tweeting earlier, "tariffs will make a country much stronger, not weaker. just sit back and watch." don't like in the meantime, china should not renegotiate deals with the u.s. at the last minutes. this is not the obama administration or the administration of sleepy joe, who let china get away with murder!" but china's commerce ministry is going to retaliate, saying, "tiny deeply regrets that they will have to take necessary countermeasures, a high-level trade consultations are underway. it is hoped that the u.s. and chinese side will work together, and work together to resolve existing problems the cooperation and consultation." dagen, he is kind of boiling it down for people. it has been the easy and sort of lazy thing to do, to get cheap chinese goods that we love in exchange for letting them steal our intellectual propert

liz: tim chubb be 3 billion in assets. [closing bell rings. that does it for "the claman countdown". u.s. was lifting some trade restrictions on the chinese company huawei. so the dow settles in higher by nearly 200 points, 197 points, right around session high. good stuff, good to be with you i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." tech-heavy nasdaq ending in positive territory. nasdaq closing up 1%. we have more on big market movers. here is what is new at this hour. connell: breaking news at this hour on capitol hill, top four congressional leaders meeting with treasury secretary steve mnuchin and white house chief of staff mick mulvaney working towards a potential deal to raise budget caps, increase the debt ceiling trying to avoid a government shutdown. latest coming up where those negotiations currently stand. >>> top officials from the trump administration just wrapping up an intelligence briefing with members of the senate on the escalating standoff with iran. hours after members of the house receiv

emily: that is stan chubb ascii, facebook messenger vp stan -- coming up, udacity co-founder sebastianoins us to discuss the scholarship rolling out with facebook to expand education for deep learning, and ai specifically tied to privacy. this is bloomberg. ♪ emily: for years, udacity has been helping students learn the skills needed in the next wave of tech disciplines, including ai, deep learning, and vr. and as demand for privacy and security focus tools grows, there is an opportunity for new talent. udacity is partnering with facebook now on a new scholarship for education on privacy and encryption. udacity co-founder sebastian thrun joined us wednesday to discuss. sebastian: there is a new program we have for people and companies who care about privacy and security in the ai space. it is actually quite interesting when you do machine learning, you get all this data in, and there is a chance that it gets compromised somehow and there is aw methods that can train machine to learn without understanding the raw data. it sounds magical but it adds massive amounts of security to any mac

chubb, progressive, aig, met life, all state, travelers, all with exposure to the catastrophic losseses wind and hail in the midwest so why are the insurers doing pretty well year to date analyst paul newsom tells me property casualty insurers are considered safe haven trade. so if the storm is on wall street, investors it seems find shelter there. sara >> yeah, i mean, what exactly is the date for hurricane season? >> june 1st, it starts on saturday. >> i got to get my gear ready to go >> hopefully you won't have to use it let's send it over to jon fortt with a look at what's up next. >> good morning. big news for from fedex. seven day ground delivery starting next year they always do it during the holiday season they'll continue it into next year we have got the president and chief operating officer coming up on "squawk alley. >>> welcome back to "squawk on the street." let's get over to rick santelli back at hq for the santelli exchange. >> i'd like to welcome my special guest david wessel i'm going to get right into it pretty much every story i read that talks about dropping treas