i'm contessa brewer. thank you for watching. >> good night, contessa. have a great evening, everybody. we'll see you back here again tomorr. >> this is bbc "world news america." >> funding of this presentation is made possible by the freeman foundation and kovler foundation, pursuing solutions for america's neglected needs. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on the island with warm sunny days,

contessa? >>> if you're a long-term investor, you're probably not complaining act the market's performance so far this year. with history as a guide, mike s santoli takes a look at what might happen in the months ahead. >> reporter: not quite halfway through 2017, the stock market has already returned nearly 10%. equal to the long-term average gains for a full year. it would be a mistake to assume this means stocks are way ahead of themselves or due to stall for the next several months. it turns out the stock market only rarely produces an average return in a given calendar year. since 1928, only 6 years saw the s&p 500 index gain between 5% and 10%. what we've come to think of as the long-term average yearly performance. indexes declined more than 20% in a year, four times as often, in fact, and experienced outright declines 30 times in those 89 years. this is a good reminder that equity markets deliver their rewards in waves, not in metered doses. so if the market is unlikely to simply idle n

thanks very much our contessa brewer. >>> u.s.hosting the annual select usa investment summit today in maryland that aims to connect global economies and economic development corporations in the united states secretary ross was on "squawk box" earlier and was asked why companies should be investing right now. >> we're lowering taxes. we're cutting regulations and we're stimulating the work force and helping to develop the work force of the future, unleashing our energy resources and redoing our trade agreements that's the whole package that president trump was elected on and it's the whole package that's driven the stock market to $1 trillion of gains since the election >> joining us now in a cnbc exclusive is pete sellek, chairman and president of micheline north america who is at the select usa summit today welcome to you i see that you guys have a bunch of employees in this country a bunch of manufacturing plants. what was the message to you. >> well, micheline arrived in north america in the united states back in the mid-1970s

i'm contessa brewer. >> good night, contessa. have a great evening, everybody. we'll see you tomorrow. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, kovler foundation, pursuing solutions for america's neglected needs, and sony pictures classics. >> i think i should just go straight to paris. >> i'll take care of it. >> that's very generous. you sure it's ok with you? >> driving is the only way to see a country. >> oh, it's incredible! >> how's paris? >> i'm actually not there yet. >> the rhone river is nearby. >> are we ever going to get to paris?

. >> i'm contessa brewer in for sue herera. the technology factor kept a lid on stocks today. the nasdaq finished lower for the fourth time in five days. the dow jones industrial average dropped 14 points. the nasdaq was off 29. and the s&p 500 fell five. >>> technology wasn't the only thing investors were keeping an eye on. bob pisani reports on a few other concerns hanging over the market. >> reporter: stocks were in the red with notable weakness in technology which had been our market leader. however, tech leaders like facebook, amazon, apple, and microsoft cut losses by more than half in the late afternoon. two events are weighing on the markets today. first, overnight "the washington post" reported that robert mueller, the special counsel overseeing the investigation into russia's role in the 2016 election, was expanding the probe to determine whether president trump attempted to obstruct justice. the market's last notable drop, remember this, was on may 17th when the dow plummeted on reports that former fbi director james comey had recorded his conversations with preside

contessa brewer found lots of smiles and waging tails at dallas-ft. worth airport. >> reporter: step off the plane at dfw and you might get an opportunity to pet max. >> good boy. you can pet him, he's used to people. >> reporter: max and dozens of therapy dogs began roaming the terminals with their human handlers last october. >> she's had a hot day. yes. >> reporter: the results are obvious and instantaneous. >> very few people walk by without coming to pet him. it makes everybody smile. it makes everybody happy. >> reporter: you know what makes a cranky traveler happy? a nap. at minute suites, you can plop down $42, and for a full hour you get 56 square feet of beautiful peace and privacy. enough space for two people to stretch out for a little shut-eye without leaving the terminal. >> it's definitely got enough space and privacy. actually relax and catch some satellite television and zone out to forget the fact that i'm at an airport. >> reporter: a little more, you get a shower, a plus for passengers getting off a long international flight. along

contessa brewer has that story for us contessa >> reporter: yeah, there's been an explosion in central brussels, grand place. anyone who has been to brussels knows it's the main town square. it's been emptied out and police have cordoned off the area near central square they say that a person went in with an explosive belt near the central station, the train station there, that there were shots and explosions heard at the train station and police now say that they have one person under control. that's their words for it. we'll follow this story and get you updates as we get them in. sara, bill. >> keep us posted, thanks. >>> just talking about energy being one of the worst performers dragging down the overall market today as oil officially enters a bear market. jackie deangelis at the commodity desk with more on what's driving the mother lower and lower. >> reporter: good afternoon, guys an ugly july for crude oil increased downside pressure and both contracts, july and august, dipping under $43 a barrel intraday now, this is a three-part story the way i see it number one, production i

i'm contessa brewer . thanks for watching.ou, bill. >> yes, good night fellow content creator. i'm bill griffeth. have a great evening, everybody. we will see you again tomorrow ♪

our contessa brewer. >>> there's been a shake-up in saudi arabia, jackie deangelis joins us with theckie >> hi, good afternoon, kelly the deputy crowned prince, mohamed being named crowned prince or successor to the current king his father nbs as they like to call him is seen as a visionary in the kingdom. just 31 years old, he's replacing his 57-year-old cousin representing a generational change here. and he's been the driving force behind the saudi vision for 2030 part of that includes an economic perform program that's going to help diversify revenues away from oil. he's been seen as more modern, more in touch than his predecessors, he's willing to talk to the media. this is a big opportunity for nbs. he'll potentially be able to rule for decades and affect real change he's also close to the new savvy energy minister and they have been shaping saudi's opec strategy as well the timing for the changing of the guard is not a coincidence here tensions are high, plans for ipo need to be executed flawlessly and oil prices have sunk under 50 it's very important for the kingdom to get the

we'll go back to "squawk alley" and john >>> thank you, contessa.hen we come back, the latest on travis kalanick's resignation d e tu of the uber giant. "squawk alley" will be right back twith a clear advantage. fidelity, where smarter investors will always be. welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn. >>> i realize that i can come off as somewhat a fierce advocate for uber. people have said that. i also realize that some have used a different a-word to describe me. well, i'll be the first to admit that i'm not perfect and neither is this company. like everyone else, we make mistakes but at uber we are passionate about learning from them >> that was travis kalanick talking to employees at a five-year anniversary event in june 2015. now he's stepping down as the company's ceo after almost ten years at the helm. joining us now here is "time" executive editor who co-authored this week's cover story on uber. matt, thank you for being with us so what is the legty ttacy of period

>> well, she's thrilled to do it >> thanks contessa >> all right, here is the market check.right now. >> the dow and the nasdaq and s&p. the dow is higher by 23 points and s & p is higher than 3 and almost 4 >> shares of oracle is hitting a five times high. >> here is what the ceo had to say earlier, mark hurd >> it brought back multiple product lines and we have more application offerings than anybody else we are competing in categories and the biggest categories >> the stock is up 30% so far this year. oil mashlgt clorkets are closin day. >> lets get to jackie deangelis. >> consensus is there is too much oil out there and demand is not rising to meet it and that's the bigger disappointment. according to aaa, the price for a gallon of regular is $2.28 jackie, thank you. >>> what do millionaires think for the economy? it depends on who they voted for. healthcare stock is up nearly 5% this week. will they continue to rally? no matter what happens or does not happen with the senate/house 'ltaill. wel lk about that when pow "power lunch" returns right after this experience amaz

thank you, contessa. >>> coming up on "power lunch," it won't be awful.n interview you can't afford to miss house speaker paul ryan joins us live and when are we finally going to see movement on tax eform? >>> plus, the most expensive house race in history. the battle is on for georgia's open congressional seat. results could have a big implication in washington and we are there, live. >>> plus an exclusive interview with cisco ceo, chuck robbins. that and more ahead on "power lunch. starts in about 27 minutes halftime report is back right after this (baby crying) ♪ fly ♪ me to the moon (elegant music) ♪ and let me play (bell rings) i put everything into my business. and i had all these points from my chase ink card. so i bought ingredients, utensils, even made custom donut cutters. wow! all with points. that's how i created the ripple: the doughnut in a doughnut in a doughnut. suddenly it's everywhere. i mean, it really took off. what will you create with your points? learn more about the ink business preferred card. >>> all right. let's start the trader

let's go over to michelle with what's coming up on "power lunch. >> thank you, contessa >>> coming uphe big tech ceos are at the white house. are they about to become the targets of the white house because they wield so much power? you just saw kayla cornering some of them as they arrive. eamon jarvis will also join us from inside the white house. and thompson reuters has named the country's very best stock picker and he'll join us with his very best ideas. >>> and the ceo of the one of the world's largest maker of industrial robots on why he decided to manufacture in america and head of the drone racing league. we'll get the lowdown on the drl when "power lunch" starts in less that be 20 mitenus. don't move, because the "halftime report" is back right after this commercial break. when you booked this trip, you didn't know we had over 26,000 local activities listed on our app. or that you could book them right from your phone. a few weeks ago, you still didn't know if you were gonna go. now the only thing you don't know, is why it took you so long to come here. expedia. everything in

now a cnbc update with contessa brewer >> house majority whip steve scalise has been upgraded to fairg shot in northern virginia during congressional baseball practice the hospital says he continues to make good progress. >>> fast-moving encino fire destroyed at least four homes, threatened 122 more in southern arizona. evacuation orders are in place right now. this scorched 1300 acres stins started by lightning last night. so far no injuries reported. >>> a republican won the most expensive battle for congressional seat in u.s. history. karen handel winning special election for georgia's sixth district a traditional republican strong hold >> a special thanks to the president of the united states of america >> let's not forget our equally great vice president, mike pence. >> that's the cnbc news update at this hour back to you, michelle. >> thank you, contessa. >>> after weeks of secrecy, republicans plan to unveil a draft of the health care bill tomorrow kayla is live on capitol hill with the latest. >> there was a meeting taking place here on capitol hill we caught up with senators

for "on the money" i'm contessa brewer. >> they had me too, i hope every airport has that this summer. dfw's predicting record-setting travel. passenger traffic up 3.5% this summer from last year. >>> that's the show for today. i'm kelly evans. becky will be back next week. thanks so much for joining us. next week, speaking of airports plan for when some extra time now. new tsa security rules for carry-ones that could be in place for your next trip. each week keep it here "on the money." have a great one and we'll see >>> righted right now on nbc10 news toedz, an attack on london bridge killed seven people and wounded dozens of others. >> the british people are so resilient. >> we spoke to an american that lives in london and is visiting philadelphia right now. his reaction to the terror attack coming up. >>> an apparent accident involving a gun kills a toddler, and where he found the gun, next. >>> this is "nbc10 news today." it's 5:30 on this sunday. a lot i

for "on the money" i'm contessa brewer. >> they had me too, i hope every airport has that this summer. dfw's predicting record-setting travel. passenger traffic up 3.5% this summer from last year. >>> that's the show for today. i'm kelly evans. becky will be back next week. thanks so much for joining us. next week, speaking of airports plan for when some extra time now. new tsa security rules for carry-ones that could be in place for your next trip. each week keep it here "on the money." have a great one and we'll see introducing the ifrom subway.ction head in now to grab the five dollar footlong spicy italian. loaded with salami and pepperoni. for a limited time, the spicy italian footlong is just five dollars. it's a big value for even bigger flavor. only at subway. >>> good morning, america. and breaking this morning. terror in london. [ screaming ] >> a speeding van plowing into a crowd on london bridge. slamming into pedestrians. minutes later, the armed assailants, one wearing a fake explosive ve

. >>> i'm contessa brewer.rning's attack a horrific terrorist attack a van plowed into worshippers just leaving a ramadan prayer service. the driver was arrested on suspicion of attempted murder. >> it reportedly took nearly one hour before the deadly collision between the "uss fitzgerald" and a japanese container ship was reported to the coast guard. seven servicemen were killed >> and many were trapped in their cars as a fast moving wildfire spread. >> and parts of california, las vegas, phoenix will see record breaking temperatures, over 120 degrees. normal average summertime temperatures in phoenix about 104, 105 that's our cnbc news update. back to you. >> contessa, thank you very. let's go to our julia bornstein. you just valued the company at how much >> 5.7 i generally round it up to 6 but 5.7. >> so big investment here, what are you going to be doing with this new financing >> i think one of the things we're doing here is we're figuring out where media is going and then figuring out how to deploy the c

contessa, thank you. >>> jackie deaingely has the numbers.re seeing surprises supported. this is a bit above the expectation, but still below the five-year average. why i think we're seeing support is remember we backed off that $3 level, above that level and now we're seeing a bit of a supplied/demand rebalance, if you will that would be key as we go forward. part of this is a weather outlook as well. on the east coast we've had a bit cooler temperatures, intermittent rain, that brings the demand down, you may see that in parts of the country that will impact the nat gas trade. those are the technical levels that recent range that trader are watching we're probably going to stay in there. back over to you >> jackie, thank you taking a look at stocks as we head to break heap it's -- by health care, and centering actually after a rough few sessions pretty much unchanged. e ag estate and financials are quk on the street" will be right back confirmed. they're playing. -what? -we gotta go. -where? -san francisco. -when? -friday. we gotta go. [ ti

. >>> let's get over to contessa brewer, get a news update at this hour. >> hi there, carl.d the government's legislative program in a speech to parliament following prime minister theresa may slimming down her plans and promising humility in negotiating brittain's exit from the european union >> my government's priority is to secure the best possible deal as the country leaves the european union my ministers are committed to working with parliament to devolve administrations, business and others to build the widest possible consensus on the country's future outside the european union >> prince philip was admitted to a hospital overnight for treatment of an infection. buckingham palace says it was a precautionary measure and that he's in good spirits the prince is 96 years old and has suffered heart ailment in the past. >>> firefighters continue to battle portugal's deadliest fire which has killed 64 people so far. the fast-moving fire started saturday killing many people in their cars as they tried to flee the flames that's the cnbc news update for this hour. back to you, c

. >>> i'm contessa brewer., republican karen handel who voted this morning is trying to claim a seat that's been in her party's hands for nearly 40 years. of course, all eyes on this race because it's consider aid test of republican strength early in trump's presidency we're learning more about the suspect linked to monday's attack outside a london mosque darren osbourne, father of four from the welsh city. attempted murder and other alleged terror offenses. >>> cincinnati coroner is examining the body of an american college student who died less than a week after returning unconscious from north korea. the country detained warmbier for a year and a half, accused of stealing a banner containing a political phrase. >>> a volcano waking up after about, oh, 7,000 years scientists decided to classify a mountain these are scientists you're seeing, north of tokyo as an active volcano experts say don't expect an eruption any time soon after 7,000 years, they're probably overdue that's the cnbc update for this hour bac

back to you, bill. >> all right, contessa, thank you very much. see you next hour. >>> here on the floor of the new york stock exchange, 30 minutes left in the trading session. i had to pull you away. >> looking for advice. >> sure. so we're up a point after all this. i mean, i guess we could have figured this out. there was no smoking gunning. didn't seem to be any real news coming out of this. there was interesting tidbits, but markets take it all in stride. >> totally, it has been, all in stride, whether it's multiple terrorist attacks, awful as they are, nothing derailed this buy the dip mentality that prevails, and resis tapt ting news. >> why isn't that complacency? >> this is the time of year when you start to see the things thin out a little bit, bill. there's a couple big days, expirations, the russell, busiest day of the year, but going into the close last half hour today, you're not seeing the energy that you're normally seeing late in the day. >> we are awaiting results in the u.k. election. that's the next shoe, right? >> no surprises

. >> that was nbc's contessa brewer reporting. >>> well, he started with a group of teams. now this local deputy taking his talent to the small screen where you can see him bust a move on the national stage. at ikea, we believe your perfect student deserves the perfect room for the perfect price. so she can afford to feel at home even when she's miles away. and you can help her feel bright, without breaking your budget. and... who's there? hey. a boy? you never told your dad and i about any... oh, on the bed? absolutely not! okay... studying together is fine... and at ikea, we believe that letting go can be hard, but not pricey. what's going on now? move the flag. >>> we want to update now that breaking news we brought you just a few moments ago. that worker has been rescued after building here in the district. d.c. fire and ems tweeted out this initial video. they said it happened on i street northwest near 22nd street, by the whole foods, about a block from the foggy bottom metro station. we're looking to find out more and we'll let you know more here in the app but appar

i'm contessa brewer in fo

that would have been great. >> thank you, contessa. >> sure. >>> see you late remember.e way, so, you know, don't forget, we are raising money for a fabulous charity that's near and dear to our hearts here at cnbc the lulu and leo fund which helps families and children foster and create confidence and build resilience. >> yes. >> go to charitybuzz.come to place a bid to visit the set here that's what we're offering, for you and a friend to come to the new york stock exchange, watch us anchor "closing bell," join us afterwards over at bobby van's for a drink. you can meet some of your favorite traders here at the new york stock exchange. >> look at that. >> and we've hit the bid. >> i don't know how they came up that amount. >> five grand, whatever it is. let me just say this yesterday i mentioned to sweeten the deal i'm going to offer up two copies of my book that i'll sign and i'll get kelly to sign it as well. >> i can't sign your book. >> you can sign any book you want i know what you're doing you're lying -- the bidding ends on tuesday, so you're lying back and you w

good evening, vieveryone, i'm contessa in tonight for sue herera. >> i'm bill griffeth in for

to see how the deal ripple infeeffect has gone global let's send it to hq for a news update and contessar >> hi. russia's condemning the downing of a syrian aircraft by a u.s. fighter. it warns russian forces will treat u.s.-led coalition aircraft and drones as targets if they operate in syrian airspace west of the euphrates the syrian jet had just dropped bombs near militia aligned with the u.s. military in the campaign against isis. >>> the area around the paris shopping hot spot was shut down after a car crashed into a police van this morning. it's not clear if it was deliberate or an accident. the driver of the car reportedly is in police custody >>> more than 30 people were injured after a deck collapsed in kalispell, montana. the group attending a memorial service at a lodge, look at that officials believe they were just too many people standing on the balcony. >> and what a game for the wnba. dianater osy is in and out league's all time leading scorer the feen irk murcury guard scored 14 points in the first half against the lakers. she's racked up a total of 7,494 points in 13 sea

contessa brewer now has the latest headlines >> the stabbing of a police officer at the flint airportichigan appears to be terrorism related, possibly. sources tell nbc news that the fbi is investigating the assailant allegedly shouted allah akbar before the stabbing. and of course, the airport was evacuated. >>> australia has suspended its air strikes against isis targets in syria it's a precaution after a u.s. fighter jet shot down a syrian war plane earlier this week. the defense minister is making the announcement in canberra >>> belgium police raided a house following a foiled attack at the city's central station. forensic police dressed in protective suits and were carrying out boxes and bags full of evidence, right from that property by the way, mullen beolenbeek, e neighborhood theparisian attackers were from. staples is recalling chairs was the legs can break they were sold at staples from october 2014 through april of this year. i guess if the legs broke, you'd know it. cnbc news update at this hour. scott, i'll send it back to you. >> thank you so much >>> up next, unusual

. >> i like contessa's doggy paddle joke from earlier >> we'll see you tomorrow. thank withdryou very much, michl that does it for "closing bell." "fast money" begins now. >> sure does "fast money" starts now with breaks news. you're looking at a live shot of the white house where the ceos of some of the biggest companies in the world are meeting with president trump, everyone from apple's ceo tim cook, to the man with the biggest news in the last week, amazon's jeff bezos microsoft's also in attendance combined, these ceos represent an astonishing $3.5 trillion in market cap these tech lead erst have been participating in breakout sessions at the white house throughout the day it all comes as technology surged today tech posting its best day of the year the dow and the s&p closing at record highs take a look at the percentage gain in the nasdaq more than 1% let's start with the meeting of the minds in d.c as we await comments from president trump. eamon javers has the very latest >> reporter: it is as you say a glittering collection of ceos at the white house tod

i'm contessa brewer for sue herera. >> i'm bill griffith in for tyler mathisen. oil priceav

cou contessa brewer. >>> the mark's not doing a lot, the dow is down 30%. decliner laying off 2% of their global work force. the nasdaq down. the big cash -- something to watch. facebook half percent. amazon down 1.4% and snapchat touching literally $17, its exact ipo price snap something to watch. >>> also to watch the oil market closing for today. jackie >> hey brian, we sleighed a bit more today session low was 34.43. this is coming after hitting that seven-month low yesterday could there be more pain from here, yes. all the news of date out of opec, the ooe has been bearish they're saying a dip into the high 30s could be a possibility at this point even going into the summer technically look at 43 1/2 and then 42. the dollar has been a huge part of this trade it's going to be taking into account as factory broan brian. >> thank you jack. >>> policy meetings at the heart land to discuss for its future take it away meg >> mel thank you so much mike thank for being with us >> thanks meg great to be here >> you're meeting with investors here in the audience

. >>> i'm contessa brewer.esident trump has reacted to the death of an american student, otto warmbier >> what happened to otto is a disgrace i spoke with his family. he should have been brought home a long time ago. >> president trump making those comments during a news event with ukraine's president >>> israel broke ground on its first west bank settlement in two decades a day before president trump's son-in-law, jared kushner, is scheduled to meet with israeli and palestinian leaders. >>> a swedish plane made an emergency land in poland smoke appeared in the cabin. nobody got hurt. >>> a california man admitted his role in a scheme to steal nearly 100,000 debit and credit card numbers from michael's stores in 20 states. the 27-year-old angel angelo says conspirators installed devices at dozens of point of sales equipment in 2011. thank you very much. >>> let's get a check on the markets after house speaker ryan gave that speech they are lower right now the dow did manage to set another record high before pul