i wouldn't expect it, dom. mind, the faa is only one part of determining if there are certification flights. boeing also has to be ready. dennis muilenburg told us we're in the simulator, not expecting the flights to be this week. do i think it'll happen the next two, three weeks probably i wouldn't expect it this week in terms of where boeing is with the 737 max and returning it to commercial service, a lot of reports about, look, it may not fly until the end of this year that's when airlines will get it we talked to dennis about that here's what he had to say. >> certainly, we expect to have that happen before the end of the year, as we said i can't give you a specific timetable. it'll be governed by the regulators we're keeping our airline customers in the loop, so they know exactly what's going on it is important for us to focus on safety. we'll get it back up in the air when it is safe. that is the most important thing here >> reporter: one of the other news-making interviews we did this morning here in pa

dom? we've got right now, guys, is a high intraday of $38 after pricing at $22 per share and then opening at $36 per share so as we talk about the movement that we're seeing so far, remember, we did see a 26 to $29 opening range when we first started quoting the indications on price as of right now, what we are seeing is, again, a new high, again, $38.50. you're talking at this stage about a 73% increase in price. to many of the points that you guys have brought up, this does kind of call a little bit of attention, not necessarily negative or positive, to the idea that there is a healthy amount of demand for certain brand names out there in terms of private companies on the ipo side of things, chewy, which does have competitors out there, is now valued at north of around 14.5 to close to $15 billion at this stage, making certain assumptions for the number of shares, the green shoes and everything else that will happen still, on an estimate basis, this does really kind of raise some flags a

flat and is your cable company watching you that's ahead in rapid fire we begin with the markets and dom chu has the numbers. >> i'm not sure if cable companies are watching me but green across the screen. we're off the best levels of the day in anticipation of what's going to happen at the g20 in osaka, japan the dow industrials still up 0.1% half a percent gain for the s&p 500 and two-thirds for the nasdaq tech showing some signs of life in this trade. one particular industry group we've been paying close attention to is the transportation stocks. this particular etf, the ishares dow jones transport. on pace for its best day since june 4th airlines, american, the best performing stock there you can see here, though, we're still about 11% below where we were at the highs over the course of the past 52 weeks. and the stock of the day, not necessarily green. the worst performer in the s&p 500, shares of conagra brands down, near the worst levels of the day after they missed revenue estimates, missed profit estimates because of weakness in their chef boyardee. >> dom, thanks very much >>>

the online retailer owned by pets mart is beginning to trade this morning dom chu is on the floor. >> what you did that >> yes, you too, jim we are sitting in front of post five right now this is where much of the action happening today around the opening bell and closing bell. because of this big ipo, in terms of the deal, this is an upside deal, this ecommerce platform will price about 46.5 million shares of $22 billion per share. that's up in the range of 17 or 19 and then it was 19 to 21 and 19 to 21 for 41.5 million shares and now it is 46.5 million shares if it goes off at this range and target price right now, it will be an $8.8 billion company this is going to make it the largest pet e commerce retailer out there. it will be still owned, 70 something percent by pets mart again one of those advantageous of the company we know how big of a market it is it is massive. we should point out, this is coming at a good time for ipos the renaissance ipo for etfs it has now doubled the s&p 500 over the course of this year today, period. that means ipo market is viewed as healthy right no

dom? >> the near term trend or longer term has been to the downside for oil despite that move today and just to put it in context, the levels we're at right now still below the highs that we saw yesterday. so even over the last couple of days, net lower than we're open yesterday especially for benchmark indices. the ripple effects in the stock market, playing out here in trading, beyond just the commodities. the energy sector overall has been moving that way, but check out these stocks energy over the course of the past month to date period down halliburton down chevron holding up relatively well in this kind of environment, so as we talk about the type of stocks there a smaller mid cap u.s. shale oil producer chevron obviously large enough, integrated on the oil services side and has been as of late and we are still down 31%, kelly and melissa, from the highs we saw in october and down about 21% from just the highs we saw in april. back to you. >> thanks. >>> coming up, the dow turning hi

dom chu is back with a quick look at what's moving.ull playing out as you expect it would with sectors leading the way higher tech having a big bounce back after big losses yesterday you have real estate activity. lack ards there. we are have you a dow session up highs around 430 points or so the s&p you can see they're up huge as well and the nasdaq really helping to lead those gains. when we return other place to watch is what's happening year all with certain parts of the market small caps in particular, a big trade up 1.7% almost outpacing the broader s&p larger cap side of things. we will end on two key sectors, the transportation stocks as well as the semi conductors, both out performing the market in today's trade on a year-to-date basis we're keeping a close eye on trends, morgan, transports, back over to you. >> dom chu, thank you. >>> mike santo totally -- santo joining. >> it's bidding on itself. one of my principles in these moves in markets is context is its own cat a list the dow is at 1,800 points in six weeks. you had t

dom chu has the breakdown. dom?opean markets, at least the major forces here, mostly lower with notable weakness in italy and ongoing budget tensions there become at least more prevalent between rome and the european commission, so that's a big story playing out there. two key pieces of weak macro data setting some of the tone as well first in france, a survey of business confidence this month came in weaker than expected, adding to some investor concerns that europe's third biggest economy would be slowing down, despite recent jobs data on the stronger front the yield on the french ten-year government note is once again trading in negatory, so watching those government bond yields meanwhile, in the uk, retail sales this month posted their largest year over year decline since 2009, in part due to kind of unseasonably cold weather those weak results weighing on shares of british supermarkets like morrison's and tesco, as well so we're watching those. other companies in focus, you have renauld out in france the carmak

dom chu? >> the market is sizzling but not as much as beyond meat is. later on that in the show. dow industrials up 137 points, s&p up by .75% and the nasdaq composite led by technology names up by 1.5% the real standout there in the nasdaq if you take a look at some of the other ones we're looking at in terms of industry groups, check out what's happening with retail this specific etf, xrt is the spider etf of a lot of retailers is up about 1%, outpacing the market remember, this stock is still down pretty markedly, about 21% from its highs we've seen over the course of the past 52 weeks and the stand-out stock of the day, microsoft shares, a $1 trillion company remember, those shares up about 1.5% optimism about the new gaming console. x-box, powered by an amd chip. that's led that stock to go up 42%. brian sullivan, since the end of last year. mega cap technologies holding strong microsoft, the only $1 trillion company in the s&p back over to you. >> i like it microsoft stock has certainly excelled. >> see what you did there. >> love you, man brian sullivan in for kelly evans.

dom, good to see you. >> sully, your money and everyone else's out there is doing okay if you're long seeing modest gains. maybe a quarter percent for the major indices. the dow industries up 50 points and the nasdaq up about 0.75% and one of the big reasons why is because of the outperformance as of late for one key sector in in particular. communication services within the s&p 500. that particular index. up over 1% today this particular sector is now the fourth best performer in the s&p. up 17% on the year to day basis outpacing the market and one of the big reasons why this sector is outperforming is because some of the stocks, some of the key ones there like social media and facebook and recent optimism and some of the buy the dip mentality. remember, this is a huge move. they had fallen by about 19% from the recent highs. they're up about 15% since then and they're up about 51% since the december lows. brian sullivan facebook shares ones to watch. perhaps if they do catch more of a bid, more of that calm services sector will power the gains. >> dominic chu, we're watching that, a

seven-day winning streak in jeopardy let's get more of what is going on and maybe what happened with dom. >> we have some movement down in the overall market also shares of united technologies we'll talk about that in a bit the dow industrials off 60 points we were making a run of up 200 at one point and 186 at the high a similar percentage to climb for the s&p 500 off by one quarter of 1%. so, fairly moving to the evenly kind here in the markets the technology sector and the communication sector over the course of the past week. two to watch look at that gap between the two of them technology and the white line the best performing sector in the s&p 500 gives you an idea of some of the shopping list names that have gone on during the course of the recent dip and we've seen in the markets overall. those two sectors a key focus and then the two stocks to watch here today raytheon and united technologies moving towards the lows of the session. a dow component is shacving abot 36, 37 points off the dow just by itself. a little skepticism about this deal does happen in its current form rememb

dom ch dom chu with the numbers >> up about 450 points we were up close to 470 at the highs to be technical. but still almost 2% gains for the dow and s&p. and we'll put a couple stars here why? because these two indexes are on pace for their second best day of 2019. so keep an eye on those. two industry groups in particular we are paying close attention to, one of them has to do with the banks and financials overall because we are seeing a big bounce back in some of the bank names 3%higher for one of the main etfs that track the larger bank complex, kbe but remember, those shows are with down about 11% from recent highs. and it is not amazon heavy, it is the equally weighted spdr retail etf is up 2% after being down 14% so retail a bit of a relief. banks a bit of a relief. we'll see if it carries into the closing bell back over to you >> a long time coming for both welcome to the exchange, everyone i'm kelly evans. australia is now the largest developed economy to cut rates this year. it lowered its benchmark to 1.25%. meanwhile here chicago fed president charles evans saying the economy i

but we begin with the slide in the market this afternoon and dom chu having sampled the beyond burger is here with the numbers. >> a shallow slide we are seeing red across the board and more about the beyond burger red across the board, but not by much dow only off by 33 points and similar percentage declines in the s&p 500 and the nasdaq pacing the decliners only off by one third of 1%. a bit of a pause in the markets right now. if you take a look at crude oil, probably one of the bigger stories of the day we saw an unexpected build of 1.2 million barrels of crude and that is according to energy department data. as you can see here, that move lower for wti means that since april we are now down by about 21% and if you go back to the october highs, we are down by around 32% so, crude oil certainly a big trade to watch today and we'll end on some quick service restaurant or mcdonald's, yum brands and chipotle all higher and a slate of companies with coverage initiation these among their favorites. those three stocks in the green so far, not yet my verdict on beyond burgers later on in

committee chair to take legal action against attorney general barr in the former white house counsel, dom again. the ranking member offered an amendment to postpone consideration of the resolution but the motion failed,. instead, the committee voted along party lines to send the measure to the house floor for debate. this is just over one hour. >> are we ready? [chatter] >> all right. ready? the rules committee will come to order.

the not all the blaze destroyed the gothic roof and toppled the famous fire but earlier today not a dom held its 1st mass since that devastating fire though on a very small scale for safety reasons only around 30 people were allowed in the priest and restoration workers and they were all required to wear hard hats the catholic faithful could watch a broadcast of the mass on a religious t.v. channel. the service was led by the archbishop of paris. the new song called for the day we are deeply happy to celebrate the eucharist which is why the cathedral was built it is also a message of hope and thanks to all those who were touched by what has happened to this cathedral a symbol of france and of our christian roots. well many years of restoration and repair still lie ahead and you might think it's all being paid for by the flood of donations that were promised by billionaires and companies after the blaze but it turns out the church is still waiting for much of that money to tell the reporter care rate if they're following up on those donations hello to you so 1st off just remind us how mu

dom chu is here at the exchange with the movers on the floor kayla tausche's on washington watch with fresh comments from jamie dimon on trade but josh, let's start with you >> wilf, broadcom's ceo really bluntly laying out the issues here for investors lowering his full-year revenue outlook by 2 billion to 22.5 billion saying that trade conflict and huawei export ban is creating economic uncertainty. last year huawei generated $900 million for broadcom the stock got hammered in today's trade. what do semi investors do now? rosenblatt's hance mosesman says typically companies with new products poised to take share like amd and xilinx, he says sara, back to you. >> all right thank you, josh. another ipo surging today in its first day of trade i mentioned chewy up only, leslie picker, 55% because it was up what, more than 8 0 at the open >> it was. although it has been picking up some steam as we get closer to the close. but you're right, sara well off the highs of the day. especially as we saw when the stock began trading earlier. now chewy and its parent company petsmart raised more t

the 1st mass has been held at not a dom since the paris cathedral was gutted in a fire 2 months ago just 30 people attended the service wearing hard hats parts of the building are still structurally unsound french president i'm on my own has set a goal of rebuilding it within 5 years. turning now to guatemala where people are voting for a new president and parliament but after 2 top candidates were barred from running there is widespread distrust and many doubt that today's vote in the central american country will be fair. to ballot boxes a ready papers prepared. but many quotes and moments unconvinced that today's election will bring any real change. unemployment violence and corruption top voters' list of concerns. instead of sparking hope a chaotic campaign period appears to have done the opposite. of what i guess so let me every 4 years it's the same people and every 4 years they come for the same thing and the one thing we're not so i'm not really convinced by any candidate. for guatemalans the truth is we need change and with these candidates who are leading the polls we won't hav

he had to abandon that effort denisov all the rules and regulations in place what about the official dom here. to follow certain procedures to ensure that this committee says well british to the best of my knowledge i have to come across any rules or regulations governing these kinds of stunts and that is i think we have to remember that that magic. or magicians like that he are really a part of prevention preach you know magic is losing its popularity in india ashley thanks to the internet which is really kind of promising to make a magician out of everyone and traditionally you know we have to remember most of india's let it happen street performers you know whether it's jugglers tightrope walkers and these people have really been pushed out of india by a series of laws against try label animal cruelty they can push the margins when they do before it's in small villages and those those are all really not subject to any safety procedures so now reporting for us from delhi thank you very much for that thank you. to pakistan next where a blogger and social media diverse critical of the mi

asylum here in germany before we go we'll leave you with some pictures from the service and not to the dom and paris 1st since the disastrous fire in april and steam thanks for watching. these. they didn't leak the it is cool that it is all over the. oh the old rules. if you ever have to cover up a murder the best way is to make an accident raring to. never read a book like this. mr bridger in the streets. about this issue when i arrived here i slept with 6 people in a room.

know listening to the atmosphere so there is a real urgent need to clean up the side of the not true dom so that a site for the work has to be to stop rebuilding well what about these rich donors how have they responded to the criticism that they haven't managed to pay up yet how do they explain that some of them of come out and said yes it's true we haven't paid yet and that's because we want to see what the restoration plans like waves are they fit in with what they think they should be what people sort of think is that some of the dharnas want bin names and their money associated with the end product and may be interested in the sort of boring and initial stage of cleaning up the side of making a site if so we have to see how this pans out in the next couple of months and now they don't seem quite a selfless as they may have pretended to be in good company is generated thank you so very much all right let's get a look now at some of the other stories making news around the world. saudi arabia and the united arab emirates have called for quote decisive action to protect oil supplies go

the other big race,he fairfax county board chairman primary, they are the democratic dom kno for a long time. jeff mckay iselrated here tonight. he left a short while ag voters clearly embracing experience. those races, voters were looking for change. as you imagine both of the incumbents were defeated there. in arlington, democrats turn to challenger parisa, defeating amos. e was helped by her campaign by hundreds of thousands of dollars by george sorrells and she was endorsed fie tara mccall ge. >> the mesesonated with people and a moment in history where we are ready to re-examine what we have been doing in our justice system in large and all ways. >> reporter: now in fairfax county, the man who has successfully prosecuted so many high-profile cases over the year, ray moral, he was defeated in that county by steve descano. he's a formerederal prosecutor. their voter rejected the incumbent. here at the party for jeff mckay, voters supporng the most experienced candidate as their nominee. >> what a win tonight, what a win!y >> mcka has been a leader to supervisor for 11 years. he's hop

just start your star search sure to cool dot com part of the answer to the dom. lets me leave. me out of what. was this the way we deal. with sure. to state them ya know in the books of your output of rule. but just for my to think you jumped over us for watchful what there's 2 of them in a form just for us to watch for just one more shit book form which to me at the with that said as i don't. see should keep that with the belief that we're still bring a lot of other what those joe didn't phone store or. just me i don't get the full story going to visit i was listening to stu yeah i knew who the chip walks that you . got to have most of these companies have got something impossible they found tired of waiting for alexander to come over and meet the world so he decided that they'd pay him a visit instead. of always the movie theater. when he. was not. a star i need fuel for him go go it's the view of the locals this will your knowledge as will you don't let me use up a lot i think if you plug something about more than at the pub most people believe they could push the option bec

dom chu at the cnbc commodity desk. >> accelerating into the close and world benchmark prices $52.62de, $62, and downward bias and near five month lows yesterday on supply concerns and everything else with countries like russia, the u.s. and saudi arabia, continuing to put more barrels on the market. it's the demand side getting perhaps more tension traders trying to assess what a possible slowdown in the economy will mean in the demand for oil. turn to some relief for u.s. consumers at the pump, a gallon of regular unleaded gasoline with $2.78 down from $2.89 a month ago and back over to you >> dom, thank you very much. as president trump ratchets up pressure, the german auto maker hoped the new plant would help meet demand in north america the political climate has made that anything but certain. philip lebeau is live at that plant with more. hi, phil >> reporter: talk about bad timing to open up a new plant. that's what bmw is making. second largest market in the world for bmw. built in spartanburg, south carolina the flagship vehicle for this company and it will be supplied, alre

dom chu has the details from the newsroom. >> oversold bounce, relief rally, whatever you want to call it, joe, some of the more beaten up names with retail and communication services did catch a bit today tied to regulatory antitrust scrutiny the epicenter of all of that was the fang trade, facebook, amazon, netflix and google parent company alphabet and we'll throw apple in the mix, as well, and the relative outperformer was netflix and yes the streaming giant down in yesterday's session, but want nearly as fun as its fapg colleagues and they're looking at it as a way to stay in the markets and the shares are still down over the last 12 month, but not by much and it's currently one of the only fang stocks that hasn't been placed in the headlines for reported antitrust scrutiny shares did manage to bounce off of the 200-day moving average yesterday or longer term trend line and the consensus in the broader analyst community that covers these type of stocks is there isn't a huge likelihood of any big tech break ups of these companies and the risks are there, but for now netflix has dod

melissa, back to you >> dom, thank you. dom chu. >>> the u.s.olding off on tariffs against mexico after the two sides struck a deal but the trade war rages on president trump on cnbc earlier doubling down on his trade tactics, accusing former presidents of not doing enough >> they do a hundred billion with us. we do close to 106 billion with them we have the big advantage. plus, we're the one that everybody is so used to taking advantage of as a country because we frankly have presidents that either didn't understand it or they were bored by it or not smart enough to get what's going on, but those days are over and we're doing great as a country >> our next guest, served several of those other presidents joining us now, the former u.s. ambassador of mexico, former director of national intelligence and currently vice chair of the associates. thank you so much for joining us >> thank you >> on the issue of trade, you don't approve of the use of tariffs as a tactic, but on the issue of trade itself, can you stand behind the president at least in sa

here with their takes, leslie picker, dom chu, courtney reagan welcome, everyone. goldman, sachs making a call on a name we don't hear about, seaworld they're upgrading them to buy with $39 price target, they think they're in better position to compete with "star wars." >> i don't know about the competition per se maybe i'm the only one that worked at a theme park >> i have not worked at a theme park >> i was a singer and dancer in the rock and roll review in high school it was before youtube. i'm grateful for that every day. interestingly, there's another story here as well, that they had an activist investor that settled last month, got three seats on the board, hillpack capital, 34% stake in the company, they're pushing them to be more focused on marine life entertainment, trying to get them to move past some of the scandals they faced in the past. >> blackfish it has been a long time. >> what is the argument for competing against "star wars"? >> that's wild looks like aten dantendance is disney up 4.4% ticket prices, seaworld price for one day, one tilcket $85,

general mills moving to the downside kelly, back over to you. >> dom, thanks very much >>> order for big ticket durable goods falling 1.3% in may. that is the third drop in four months aircraft orders saw the steepest decline. this after authorities grounded boeing 737 max planes. meantime mortgage applications did jump last week this coming amid super low interest rates the ten-year yield hovering around 10.23%. let's drill down more on these markets with bob pisani down at new york stock exchange. it's been a very concentrated rally. >> i have been emphasizing that. the s&p is up more than 3% this quarter, but a super big capo l caporaly the s&p, as i mentioned, 3.2%. but look at the midcaps. up 0.2% and small caps down for the quarter and the biggest stocks are really pushing the markets around look here, five stocks microsoft, facebook, amazon, disney and apple 30% of the gains for the whole s&p. microsoft alone accounts for 14.8% of the gains for the whole s&p. that's amazing whole of the triumph of indexing a small group of companies have gotten so big they have essentially bec

back to you. >> thank you, dom chu. let's get to deirdre bosa for a developing news on amazon and fedex. deirdre? >> melissa, amazon responding to fedex's decision to end air shipping contract with them, thanking fedex for their role over the years and amazon building up own air logistics and its own set of fleet and air hubs the announcement does not impact last mile deliveries where fedex serves as a carrier for amazon and in the past, fedex dismissed the threat of the growing shipping ambitions and today, noting that amazon represented just 1.3% of their total revenue. >> big jump this morning the jobs friday panel with us today. and national urban league ceo and former new orleans mayor and joe watkins, former aid to george h.w. bush let's kick it off with the jobs number which many characterized as disappointing just 75,000, but there were a couple of not so dull spots in there. i'm not sure i'd call them bright but go ahead. >> that's right, that's right. well, down to 7.1. that was good. labor force participation

members >> you can see the market reaction there dow is down about 150 at the session lows down 118 dom, thanks. >> thank you very much powell saying trade and global growth are among the uncertainties. we have fresh data showing consumer confidence in the u.s. has fallen to near two-year lows home sales also down gold prices, six-year highs, and the ten-year treasury falling below 2% once again. what's the signal and is it time to get cautious. evan brown is at ubs asset management, and gabriella is global strategist with market funds. gabriella, do you agrew with mr. bullard that probably in total a half point cut by the end of the year is likely in order, called for? >> we do we think one or two rate cuts by the end of the year, probably one in july and then september or december is up for grabs. and that's really because we agree with their characterization of the economy. the consumer is the life fest, so things are still okay, but it's clear that the uncertainty is weighing on business confidence and business investment >> would a rate help cut the u.s. economy would it help the g

dom chu's at hq with a breakdown of the action. dom?> even greener than we are, straight across the board for the major forces today being led by 2 plus percent chains in france and germany as well that establishness being fueled in large part by mario draghi's promise to take action with rate cuts or asset purchases if inflation does not reach the ecb's target and goals that sent the european currency, the euro lower against the dollar and inspired a few tweets by president trump who called those ultra-low interest rates in europe unfair to the u.s. and accused mario draghi of weakening their currency deliberately draghi hit back moments ago saying that he targeted the exchange rate. one of the big stock is deutsche bank also bloomberg saying and reporting this morning that the bank could replace its chief financial officer, as well a spokesperson declined to comment to cnbc on that topic, but reiterated that the bank is working to, quote, improve its sustainable profitability. shares of db now down around 9% this year. other movers, w

back over to you >> dom, thank you so much. welcome back to "the exchange. i'm kelly evans. payrolls came in at just 75,000 and that was well below expectations of 180,000. the unemployment rate did hold steady at 3.6% and that's a 50-year low and overseas encouraging comments from chinese president xi today saying neither china more the u.s. are interested in disrupting ties. let's look at more on the markets and how that affected the market with bob pisani at the new york stock exchange. bob? >> it helped a little bit. we are four days straight up and more than president xi's comments and the one fact is that job growth is definitely slowing, but that's it the rest of this rally is a lot of hopium that the fed will cut hope, hopes for the outline of a deal with mexico and tariffs and also immigration and finally, hopes of a deal with china treasury secretary steve mnuchin might have something positive to say maybe after his meeting with his chinese counter parts that will be at the g-20 meeting this weekend and all of those beaten-up trade sectors have rallied big this wee

liberal a cousin dom and i don't know if this will help bully or. i'm julie so this was just such. my guy who was. good and i gonna things aside he had the bomb and i. just thought. well you hate a fan. for that i thought i. could have a 100 people more than i need most on the money no one could have one of my hopes come up. to me. to. do the. only. thing the supposed. to. do a little. of the thing and as he was going out with all the. other a thug. however i ask how you measure a figure. we're going to address those who are also so. earth as yourself give the hand over to the tradition. of it in the belly. of the lucky. one other dick in heart of the city went down to. look up oh to hell is also in the sea now is more fun. now you've come all done and still. it's. here and i'm not my kind of a hot mike and mike out from i don't want some molly so i think it is it you know. the month of the moon there never. was the close you feel. the soft one among the american government doesn't want i would. have done the haka. they will come out so. they can of the well managed to who's come o

. >>> dom chu time time for this morning's market moves. i look forward to this time, dom. don't know. i feel as though it's because every once in a while i'll go through these things and then we'll talk about golf or something like that. >> that might be it. what tournament is it this week? when's the open? it's coming. >> we have the u.s. open coming up and then obviously with the open championship or aka the british open people want to call it, i get a lot of grief from the government community when i call the british open. it's not the british open. >> i wonder what koepka is. >> the last i checked a few weeks ago koepka was favored in every major through next year's masters. it is what it is. >> i guess so. thanks, dom. we'll see you later. >> thanks very much. i appreciate that. i'll speed through this because i just killed a good amount of time here. advanced micro devices check those shares out right now because they're up be 2.5% rough half market shares premarket value. it's now equal weight. it was under weight. the price target goes to 28 from 17 they said they

we cannot leave unless parliament votes for it, dom.cy. you don't deliver on democracy by trashing democracy. you know, we're not selecting a dictator of our country. we're selecting a prime minister. we‘re not going to get a different dealfrom europe. you and i — and jeremy and sajid — have argued for that deal because it‘s a 550—page document worked out in detail. you‘re not going to get any changes out of europe. we have got to sit down and negotiate that deal. it's very, very difficult, but i say that it is fundamentally pessimistic to say we can't do that, because that means giving this country the very stark choice of no—deal. you have noticed, channel four provided in empty lectern for boris johnson. his absence from media interviews over the last couple of weeks is being widely criticised. here‘s the editor of politics home, who tweeted that... mrjohnson also opted out of the lobby hustings. and the chair of the media lobby tweeted afterwards... this, remember, is the man favour to become prime minister. despite all this, today,

year the software etf has been outperforming both the tech sector and broader s&p 500 which is why domhu is here to tell us more in sector economics. >> over the course of the last 12 months the tech sector has been a big outperformer with the broader etf in the s&p 500 the software industry, the huge part of that story, the ishares fund has more than doubled the s&p during that time frame and a handful in particular that are powering the excess returns. if you take a look at the arguably four most important stocks that has software as their main line business, you're talking about microsoft, also oracle, adobe, salesforce, the four biggest purer play software companies in the u.s., microsoft shares have gained over 30%, oracle around 27%, adobe 29% and salesforce, the underperformer around 9% on a year to date basis. these stocks have been upside momentum machines. there's a reason why some analysts and straj gists are becoming more cautious it has to do with valuations when you look at forward price to earnings ratio or how much you pay in stock price for next year's forecasted earni

. >>> let's get to dom with a market flash on johnson & johnson. >> as well as coal gait palm olive. a report saying johnson & johnson have potentially lost a jury verdict in a joint talc-related cancer case out in california and just for a little bit of context, this is because colgate makes a product that's talc-based johnson & johnson with the signature baby powders, but those particular headlines are what are moving the shares lower for both of them we'll continue to monitor the headlines but that's the reason why we are seeing such price action in both of those stocks we'll send things back to you. >> dom, thanks >>> president trump is set to hold a news conference minutes from now with the president of poland we are live at the white house how was the flyover? >> we had a flyover. rare to see an aircraft above the white house. because the polls have put in a large purchase order for fighter aircraft, the president wanted to demonstrate their capability. it was pretty loud and pretty impressive when the aircraft came over the white house a few moments ago. now we'll wait and see

two things, what it is now for people like dom grieve for people like philip lee, and oliver let, andk bowles i suppose, what's different than tese approach —— support and encourage —— coming to prime minister was likely to be coming out of the 31st of 0ctober person, and secondly, i think there is dare i say a simple question for all of these candidates at the moment. what can you do and why and how that the prime minister you supported just about the past three years wasn't able to do. and why should you be able to do the things, when she felt? ijust understand. look at the guardian's front page, which is similar labour beds to stop any prime minister forcing a hard brexit, they say. and a nice picture actually appointed the tory contenders, rory stewart, that he had an ally and number ten, and that is of course larry, and he's crouching down outside number ten who knows. maybe he might be prime minister. innovative campaigns a whole lot of them so far, he may have been the almost as unknown as a couple of the others at the start, but actually there was some quite heavy and in the a

that's another key thing >> dom was just telling me about that >> i would say this. this is targeting a very specific part of the market because these guys aren't the first mover when it comes to high-priced skin care or personal care products i remember going to a mall and seeing a kiehl's shop where they sell men's moisturizer for $48 a clip or bath gel for $35 a container. there are people out there who will pay them. i don't pay them i tend to buy the body wash at costco, whatever is available, or suave, or whatever it is for my shampoo, but there are people who will pay it. more power to them if they can tap that market. >> that's the type of clientele going into their stores. if you're willing to pay $120 for yoga pants, what's another $50 for moisturizer if you already trust the brand and believe that moisturizer is best suited for your active lifestyle. >> very holistic approach to merchandising. >> ask joe kernen next time you see him whether he likes the abc pants and whether he'll dry the dry shampoo for $48. >> put the lip balm in his pocket >> and maybe

dom chu has those numbers. >> that's the epicenter in stocks at least. the nasdaq as you can see here off by almost 1.5% that is, again, the worst performer of the u.s. major indices here and the reason why kelly mentioned those names. we'll talk about those in a second and the dow industrials off their lows of the day still off by about 0.25% everyone is watching what's happening with interest rates. we did hit a low of about 2.09% earlier in the day that mean it's a 20-month low for that benchmark longer term interest rate in the u.s a huge move again. september of 2017, that's when you have to go back to see those numbers. and kelly mentioned though faang stocks facebook, amazon, netflix, alphabet the parent company of goog google those names you can see here netflix the outperformer no regulatory concerns there it's taken down with the rest of it amazon up 5% you can see that trade playing out with the nasdaq especially 10% below its record highs >> thanks. we'll have more on that in a bit. twom "the exchange," everyone. i'm kelly evans. yields are p

joan binnington had the game of his life, making 32 saves and catapultinhig mself into super staer dom. this is a real david and goliath story. back in nuary, the blues had 250 to 1 vegas odds of beating the six-time champion bruins 400 bucks on st. louis to win it all. today he'll be cashing in that ticket for $100,000. i'm sure he's out celebrating with the rest of st. louis as we speak. >> let's turn to meteorologist michellema gross brl weather? >> total umbrella weather. we are looking for rain strehing from the great lakes to the northeast you see green, and yellow, too that's where you're seeing the heaven ire downpours i-95, new york, boston, philadelphia that threat will stay with us throughout the day we could even see thunderstorms later onhis afternoon. when we zoom in a little bit in washington, harrisburg, even over to philadelphia that's a look at the big weather story of the day now here's a closer look at your day ahead. >>> all right. look at those temperatures low humidity, too, in the upper midwest, the northern plains t below normals time of year so really beautifu

back over to you. >> dom, thank you. >>> coming up, micron getting a big lift from its earnings beat the worst over for the chipmaker? ing it stay tuned for an exclusive interview with the ceo. movement in treasuries this morning. we mentioned the ten year yield, back above 2% after yesterday, hitting the lowest level since november 2016. dollar is stronger as well "squawk on the street" will be right back through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from using feedback to innovate... to introducing products faster... to managing website inventory... and network bandwidth. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. >>> shares of apple having a very good first 20 minutes of trading. up 2.3%. by the way, $4.60, that's over $21 billion in additional market value for a company whose stock is up almost 27% year to date. we're back right after this. dy. i called reputation defender. they were able to restore my good name. if you are under attack, i recommend callin

a bottom in those valuations but it's certainly a trade theme we'll pay attention to >> thank you, domthe news room. guy, you're on the deutsche bank drum beat for a long time. >> i don't know but i would say listen, you can't say it isn't specific to deutsche bank, you have to have some semblance that maybe it is systemic i think it is. it's the largest derivatives book ever. and you look at where citi bank is trading, tangible book at citi bank is $65, close to $62.5. why? in my opinion, european risk deutsche bank is a mess that will continue to go lower. >> you're more on the value side so do you see any value in these? >> i do see value and i do think that there's a dynamic here with the ecb where if one point you thought they were going begin to start hiking in 2020, pushed that back to september, probably to december, if at best you hope for that environment so i like the banks. i think we talk about $13 trillion in negative yielding assets, they have most of them and i think this is a tough environment with the ecb hands are tied >> european banks may look like they're in crisi

let's get a check on the market movers dom chu is here. >> good morning, happy friday. tgif segment off with caterpillar down 1% and part of that comes on a downgrade of the construction maker to underweight the target price is cut to 110 they cite the subpar economic growth that led to head winds for the heavy equipment demands. there's some dueling analyst activity on tesla. shares are down just about 1%, 20,000 shares premarket volume jefferies cut them from 300 to 400. they feel good about the focus on making the cars more affordable but are reducing it for unit, sales, of course the sales targets themselves meanwhile, analysts at baird have raised it to 355 from 340 they can kept their outperform ratings saying that the expectations have overshot to the downside with potential for more catalysts in the coming months the tesla shares are lower we'll end on shares of amazon, down fractionally premarket. just around 2,500 shares premarket. they are getting some positive analyst mentions at rbc capital. they reiterate the $2,300 price target citing the u.s. online shop

here in germany people living near the western city of dom stops breathing a sigh of relief after a likely world war 2 bomb exploded in a nearby field no injuries were reported but the blast tore a hole in the your earth 10 meters wide and 4 meters deep believe the bomb had a chemical based delayed timer which finally eroded. governments in europe are warning their citizens to take precautions as a record heat wave starts moving across the continent temperatures are forecast to exceed 40 degrees in several countries including germany france and spain. each round her. way. to pursue. wow i think that weather is much harder than when i expect because i felt in europe the weather may be nicer than this is too hot for me actually it's really unpleasant but we're used to it unlike other people so we are not preparing specifically but you have to make sure you stay hydrated. and hot winds from the so harra a turning up temperatures across europe and france authorities are warning people about the intense heat. you put is all full of also fits what he felt should drink limit physical activity or

we cannot leave unless parliament votes for it, dom. borisjohnson says he will take part in a second debate, on tuesday evening. also tonight: more huge protests in hong kong, with some calling on the leader to resign, despite ditching controversial plans, for extradition to mainland china. it is not just it is notjust this street that is jammed with protesters, it is the next one over and the next one beyond that. tens of millions left in the dark, after a catastrophic power failure, affecting several countries in south america. fears of further flooding in parts of lincolnshire, with storms predicted, for the coming week. commentator: that has gone... and at the world cup, india thrash arch rivals pakistan, in one of the biggest games, in cricket. good evening. in a crucial week for the conservative leadership race, the candidates have gone head—to—head in their first televised debate. the eventual winner, to be decided next month by party members, will become prime minister. there are six candidates still in the running, all of them

back over to you guys. >> thank you, dom. turning now to a new potential competitor for beyond meat aditi roy has those details for us aditi. >> reporter: hi, sara. that competitor is tyson foods and news from that company sent shares of beyond down about 4% in the premarket after tyson foods announced it will be launching plant-based nuggets and blended burgers later this year. tyson foods was an investor in beyond meat, you may remember, but pulled out of the company right before it went public. just yesterday perdue also announced nuggets made with both chicken and plant-based ingredients. and nestle is planning to launch its own plant-based burger this fall this week beyond meat saw downgraded from jpmorgan and bernstein. but some investors still are loyal to the brand one told me millennials don't want the same legacy brands as the ones their parents grew up on back to you guys >> adiaditi, thank you very much shares of rh surging today on earnings but it was comments about the tariff impact that caught investor attentio

has just received a boost prompting fears we knew dom cells could follow riff and expects. it was clearly a fruitful meeting but it's left a bitter taste in the mouth for some visible ration of german chancellor angela merkel and the crown prince of abu dhabi signed in their lean head $46.00 points and focused mainly on business ties between germany and the united arab emirates but the conversation apparently went far beyond that of the 2 of you but of course we talked about the conflict in yemen and i'm very happy between a green a common explanation for the reason assessor to support the new treaty of process in the united nations with the u.n. special envoy of course they talked about yemen the united arab emirates is the 2nd key player in the devastating conflict there after saudi arabia and germany reportedly selling it weapons the reason why the warm welcome of the crown prince here in berlin made some opposition politicians fuming as deputy commander in chief of the u.s. armed forces he has access to enormous financial and military capacities which he and scrupulousl

the now boarded-up business tell pick dom are not commenting on the sadness of the situation. >>he was sitting waiting here for. i don't know what to say because this is not easy. un says to them. >>family members say 34 year-old marquis to read mother of 2 and a nurse died following the collision. the ama says it will be a couple of weeks before his businesses back up and running with the damage here can be replaced. we cannot say the same for the people who were injured or worse introduce would go over too. >>when a life is lost it's not going to come up with the time comes they'll be held accountable for his actions. >>the former major league baseball slugger david ortiz is in stable condition after this morning after he was shot in his home country. the dominican republic. so he was shot in the back at a club in santo domingo, a motorcyclist reportedly approached ortiz and just opened fire. at that point several bystanders day they stepped in and they attacked the suspect multiple people have been detained in connection with the shooting. you may remember it he's played ma

underground train station and from and from she can often from see which is open to a new one undies dom and if you do fun circuits michaelmas from new york. and some of them for your own sort of it's a bit of paragon when i taught him to get me taj peter. work there it was it was washington scene was tied to not enough clicks and nobody would freeze over to a new material shelf i'm i'm interested produced last year's here off and on and it was against it as most of the consequences are there now feel you know circa animal your own. doesn't even get pushed around and so going to boy do. these objects some still with their old german inscriptions are to be found here in these russian that pose with the relocation of artworks to russia they have been far from the public gaze for a long time moreover important knowledge about the objects has been lost. a chance find in the depo housing 18th century sculptures astonished even experts. up to the to a different culture to an ultimate as mogas in on the 1st senior it was by an adept and brings his crew to him in the antique example of somebody

more to stop the bloodshed victoria gate and be al jazeera what its focus on because right now to a dom a guy who's a west africa analyst and former information director at uco us or the economic community of west african states joins us now from london. so the government of this suspected terrorism is that how you see it. i think that is fair for the government to say that is totally so because at this very moment the government is facing the international community meeting in new york under the aegis of the united nations in order to attempt to refinance the peacekeeping operation diminishment and also it's facing the criticism leveled against the g 5 a good regional group that has been set up in order to fight terrorism fundamentalism and other forms of extremism within that region including money for the government as a reason to say instead of reason but in reality everybody knows that the government is missing in action it has not been able to send its each to address the luck of presence of the states in places where there are coming out of strife between the for the needs the do

she like -- >> pete, thanks for joining us >>>dom, we have just under three minutes of trade with morend what's moving. >> wilfred, bonds and stocks, i want to point out what's happening with the ishares iboxx, a pretty big move higher at 2:00 p.m., so a big move higher in investment-grade corporates >> but, remember, at these levels, you're talking about the highest price for this etf since september of 2016, so keep an eye on those, and you can see they're all the way back there one other play to look at, stock market, advance and declines, we are seeing a bit of a move there with the stock market showing at least a bit more measured of a responsibility keep that in mind. i will send it back to bertha. over to you. >> we're seeing the nasdaq at higher following the fed decision, about 2.25% away, but look at adobe, earnings better than expected. today, it is back to all-time highs, dating back to april 20th in the meantime you have tech names that surge let's send it on over to bob. >> bertha, it is very impressive we have pulled off any gains with the big gains we saw earlier. inter