the shanghai composite dow

the dow.&p down about 8 points. the dollar board for you in terms of reaction, we did see the dollar yesterday soften -- gain about a quarter percent before the politics news came out. the dollar very much weaker but not significantly. the euro and the pound higher by 0.3. the dollar flat against the yen. we had various political stories out of japan this morning in terms of the defense minister resigning, questions of whether there will have to be a full cabinet reshuffling for shinzo abe. what does that do to equities. also data out of japan this morning. the story was one of mixed data. employment good, retail sales bad. a soft day for asian markets the nikkei down 0.6%, career down i2% european trade, coming into the session, flat for the week a big selloff as you can see, various earnings reports coming in and reaction to the news overnight in washington, perhaps playing a bit. generally speaking france down 1.4% nearly 1% declines across most markets. ten-year treasury note ticked up abo

begin with american express, dow component. we're watching dow up 52. anymore whisper numbers, goldman sachs, american express hitting 52-week high today. alcoa is gaining but with american express, goldman sachs saying this could be the bright spot of its credit card pierce pierce -- peers. we'll watch from loan growth or guidance, any branded relationships they have with hotels. then we turn to alcoa which had a nice populace week on news that in china they were cutting supply of aluminum. that helped things along. big picture people expect more from back half of the year for alcoa, more so than the second quarter. in fact there might be a little bit soft. we'll watch for that one. both of the stocks, liz, are each up about 1/3 of 1% as we go into the closing bell. liz: very nice. thank you, nicole. keep one eye on the nasdaq, the other on the s&p, and if you had a third eye, we would be looking at housing which is getting superhot. influx of foreign buyers, maybe oligarchs, maybe richer chinese are, boosting home prices in a sudden surge in home buil

what helped the s&p 500 and clearly the dow jones industrial average for this week, the dow is up 1%. unbelievable week, it beat the street. it's adding 200 dow points for this week, and it's up about 14% since last friday on this earnings beat. you know what's added? that is the best week in more than years for boeing. so i know we had a blip yesterday, it was a tough day for tech in particular. dow is up 36, and the s&p 500 is right on that, 2472.54 mark. we'll watch for that. >> by the way, if we close at a record high for the dow, that's the 29th record close for the year. >>> north korea, blasting way onto investors' radar. hours ago, north korea fired a missile into the waters between korea and japan. that's its first missile test since the july 4th launch of intercontinent ballistic missile that is close to being capable of reaching parts of the u.s. peter kenny says north korea is a major flash point for markets. he's a global markets advisory group senior market strategist. more than anything like health care or tax reform? >> i think it has the biggest potential throw weight

dow at one point had been down one point. high as up 35. things could change at any moment of course. yesterday's loser is today's shining star. the retail sector bouncing higher after target boosted its guidance, saying retailer is doing pretty well in face of competitive environment. translation, amazon. right now target up nearly 4 1/2%. target taking other retailers along for the ride. jcpenney, macy's, look at kohl's, up nearly 5%. walmart. all seeing green, not just a tiny bit. not just up 1%. jcpenney up 7%. still a $4.95 stock. by the way, walmart is one of the toppersage gains on the dow. look at u.s. hospital operators and health insurers falling any moment. half a percent down 5%. after senate republicans unveiled, pardon me details of the new health care bill. adam shapiro has been parsing through this, revised draft, call it, right, adam? >> absolutely a draft. the key to the scorecard, that the ted cruz amendment, whether or not it will bring enough people together to vote yes. as you pointed out, liz. you have susan collins o

united tech fell, and 3m the worst among the dows. morgan brennen explains why. >> a busy day for the industrial giants, making everything from excavators to jet engines to post-it notes. caterpillar bulldozed expectations, thanks to strong demand from gas industry equipment in north america. the maker of earth moving machines is also forecastings sales growth after four years of declines. all positives that sent the stocks soaring today, even as analysts question whether it will last. >> history would say that caterpillar delivers great incrementals for a couple quarters when they get volume back. we shouldn't forget they spent 3 $1/2 billion on restructuring, and 16% fewer workforce versus at the peek of the cycle. they can probably deliver another couple quarters like th >> a different story for two other dow components, united technology's tumbled despite its better than expected results, because elevators and hvac will see earnings slip this year. a 3 m sales maker missed estimates, sending those shares flying despite a better fo

both the dow and the s&p are on to record close.h the dow up 76, any gain at all would be a record. but the s&p must finish above this level. 24.53. right now we're at 24.59. could be by a whisker here. today on the page for weekly gains. that would be the second week in a row that we've seen that. now, to telecom here, even as your wireless bills may be dropping, a wireless powerhouse may be in the works. shares of sprint jumping on reports that sprint chair has met with warren buffett and john to discuss a possible investment in the wireless company. the wall street journal reporting that berkshire hathaway could put more than $10 billion into a transaction of sort if the deal goes through. looking at sprint shares, up 5 full percentage points. not a bad move for sprint at the moment. maybe get in there. bad news, though, keeps piling on for snap. another ipo underwriter. this time has downgraded the stock and lowered its price target. earlier in the week, morgan stanley changed the tune on snap, downgrading the stock and slashing

we mentioned the dow up 195. the nasdaq is red. and goldman sachs are leading here in terms of the index. we're really -- jpm a few cents shy of another record. >> yeah. i mean the stock -- the financials are flying. you have treasury yields getting an extra lift today. obviously covering for the last two or three weeks we've been seeing the market test thought idea of a rotation from the winners into the losers, big cap growth stocks into cyclicals and financials you got a little bit of a help on that story line today with the ism. it was all happening in the absence of any kind of evidence of the actual u.s. economy accelerating a little bit again. so now you have. that i think that was an excuse for yields to go up again. and here you go. you have the kind of merry go round apg. a lot of the losers at the top of the performance list today for energy, gap, retail, stuff like that so we'll see if it's more of a reflex kind of spinning of the script here. >> wednesday is going to be fascinating to watch >> in the meantime, let's ge

lauren: dow hitting new highs yet again today. oh so close, look at that, 22,000 on the dow.wn a bit today. it did hit 50 bucks for first time sense mayç overnight. it is set to log biggest monthly gain of the year. we're on it. coming up. you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™. liberty mutual insurance. lauren: discovery buying scripps network for $14.6 billion. analysts say the combined company will have 20% of total cable viewership. investors not liking it though. scripps is known for lifestyle channels, hgtv and the travel channel. discovery, for the discovery network. >>> office depot is offering to buy staples retail store. stap

boeing with the hit yesterday driving up the dow mcdonald's, caterpillar.is not just the sexy f.a.n.g. stocks. jim cramer called it old dogs with new tricks. at&t in the group as well. what does that tell you? >> tells me the economy is getting better and that that will benefit earnings. the thing people got wrong the last couple of years, they felt the profitability was too high for earnings to go up even if the economy got better that's simply wrong. the economy getting better. >> you like tech what's the next top pick after that >> health care you have an aging population improving technology in healthcare and a representative democracy. i'm not surprised they're having such a hard time crafting a healthcare bill. we'll have to pay for it you cannot tell people you're too expensive to keep alive and expect hthem to vote for you >> how does that impact the stocks isn't there uncertainty about the policy and what it will look like >> i'm never good with 5%, 10%, 15% moves in the market. on balance, spercentage percentf healthcare to gdp has to rise. >> it

those are the dow winners and show me the dow, please, now we're up 18 points, 21,550.ood. stuart: not bad at all. all right, now, what would happen to these averages, especially the dow industrials, if we got any kind of tax cut this year? what happens, john layfield? what happens to the dow if we get any kind of tax cut? >> i think it goes significantly higher. i think it stays flat if we don't. i don't knowing-- i don't think it falls off a cliff if we don't, but i think the market takes off here. i don't think the market is expecting it right now. stuart: a few moments ago, scott martin said in answer to that question the dow would go to 25,000, are you going to repeat that? >> the dow will go to 25,000, within the next couple of years, you're going to have to see the tax cut come through and real benefits to gdp and job growth. it will have to come through. trillions overseas in the tech land. those come back to the u.s., reinvesting in stocks and dividends, job growth, my goodness. >> my goodness. >> to john's point, the market is not expecting it for a while i th

, the dow would have been negative today.estingly. after the announcement about keeping rates unchanged, the dollar index just changed. and the dollar is at a virtual two year low against the euro. the euro rising on that day. okay let's go to kayla tou she at capitol hill the latest on the senate vote on health care. where are we now >> officially as we expected a few minutes ago, the vote to repeal only so that 2015 bill, that has failed. there are at least three senators on the republican side who have come out against it capito collins and heller, john mccain also just a few moments ago voting against a as well so there is not enough republican support for that to pass with a majority as we expected back to you. >> all right thank you. we'll get to the next incarnati incarnation. let me just point one more thing before i get to bob. you can tell your grandkids some day, kids, that you saw the vix with an eight handle which happened today 884 was the low. >> on today's strait i just to want talk about facebook, one of our

the dow jones industrial average higher. the s&p 500 and the nasdaq, the dow gaining 95.&p up 15, the nasdaq up 53. shares rallying after stronger than expected junes jobs report. temporary health services industry growing almost 4% annually over the past five years. and it's a good day for the homebuilders. lgi homes sector across the board after reporting a record second quarter. lenar and kb homes jumping higher. shares of tesla rebounding after jumping in the past sessions. elon musk says he's going to build the largest lithium battery system in australia. also giving an update to monday's delivery numbers saying an additional 3,500 cars are in transit to the customers. and we've got more on president trump's highly anticipated meeting with russian president vladimir putin. so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locati

but the dow is up.words, we have something similar like in 1999 and 2000 when the nasdaq stocks were performing so well and the old economy stocks had been left behind i think now the old economy stocks are coming back and the commodity related stocks and by the way, things you're talking about is wonderful performance of stocks. may i just remind you that the s&p 500 is up 23% since january 2016 gold is up 20% and this year gold is up 9%. but the gold etf is up 80% since january 2016 so i mean you have to put things into the proper relation >> it's a lot of stats you memorized there. >> i beg your pardon >> it's a lot of statistics you memorized there. and i get your point, marc i guess i'm wondering why. what are you so worried about? for years you've been sounding the alarm on qe, easy money policies the fed is navigating a slow and pretty steady path toward normalization. yes, it's early. we've only seen a few interest rate hikes and just starting to talk about the balance sheet but what is that has

take a look at the dow up some 60 points. straight day adding about 20 points to the index. for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. we do business where you do business. ♪ ♪ statement today. dillards is unleveraged real estate company that is mass cace raiding as a low from duck activi -- productive retailer. it exceeds the company's entire income as a retailer back to you sarah. >> more activist activity in retail thank you. meantime apple enjoying a sizable run so far this year stock is up nearly 30% the company does report earnings tomorrow after the close can ceo tim cook keep up the momentum josh joins us with a preview. >> that's right. q-3 eps 57-on-revenue of 44.9 billion that would represent gains. not focused on

today, something new happened, the dow jones set an all time high too. sewell tell you in a minute about the specific stock that drove today's record run broadly speaki speaking, investors were cheered by two things, including the federal reserve's decision to keep rates unchanged. something we'll talk about a little later in the program. the dow jones industrial average advanced 97 points to that record 21711. the nasdaq added 10. it was enough for a new high. >>> the stock that fueled the dow's gains was boeing. shares flew higher recording its largest percentage gain since 2008. the reason, strong quarterly results. a close to perfect report. it's profit beat expectations and the company lifted its forecast for the year sales fell, but investors didn't care. boeing churned out a lot of cash and returned billions back to shareholders boeing today surpassed goldman sachs to be the priciest stock in the dow the world's largest aerospace company is up nearly 50%. >> reporter: pardon the pun, but boeing is soaring to new heights. how much greater efficienc

the dow at a record high., you know, there are more indexes than there are stocks, we live in this strange and weird world. let me tell you about the number nobody is paying attention to that everybody should, that is the vix. this is wall street's fear factor. it is like the lowest it's ever, ever, ever been. shah, what do you say? >> the vix is not a true reflection of the potential volatility of the market. it's based on what's happening in terms of the market. there aren't people buying because they don't feel the need to protect themselves. gerri: don't you think it speaks to the in fact so many investors out there, glen, are saying i'm not worried. no trouble on the horizon, smooth sailing. >> the fundamentals good, the earnings numbers keep coming in good. a third of the s&p out so far. 75% beat expectations. that's putting a lot of confidence back into the market right now. gerri: and shah, you say it's not that predictive, but the reality is i think this is a reason to get worried when it drops this l

dow is up 990 points now s&p up 12 and nasdaq 40 and russell up six another record close for the dow and probably the s&p and maybe for the others as well we'll check on that. falling mortgage income is falling on quarterly revenues. we found that out this morning up next, the company's cfo joins us to talk about what's behind the drop and react to senator elizabeth warren for fed chair janet yellen to remove bank's board members. >> speaking of the banks, very a bet on whether banks should be betting on regionals or the big banks coming up, and we want to hear from you as always. reach out to the show. do you this quite often. you can do it on twitter, on facebook and send us an e-mail you're watching cnbc, first in business worldwide hey dad, come meet the new guy. the new guy? what new guy? i hired some help. he really knows his wine. this is the new guy? hello, my name is watson. you know wine, huh? i know that you should check vineyard block 12. block 12? my analysis of satellite imagery shows it would benefit from decreased irrigation. i was wondering about that. easy boy. nice

you have never seen the dow industrials above 21,700 but that is where we are, the dow is up 108.eaking in favor of his amendment which is repeal entirely and simply obamacare. he has spoken on that subject. there will be a vote momentarily on full immediate repeal. we bring his head vote when it happens. a tech worker for debbie wasserman schultz has been arrested, charged with bank fraud, trying to leave the country. fbi agents reportedly seized smashed computer hard drives from his home. greg jarrett is with us, following this story. there is something more going on than bank fraud. give me the big picture. >> what if it was the set of brothers and other relatives that were downloading sensitive information from the dnc and they are the ones that leaked it to wikileaks and not russia? what if? i am not saying we have evidence of that but this is the tip of the iceberg we are looking at, arrested for phony billing making millions of dollars off of democratic congressmen and women for work they didn't do. that is the allegation but now the feds have found that the home of one of

we are .7% higher on the dow jones.ning in the last 30 minutes, off the record highs. 4% -- .4%. higher by let's go to abigail doolittle. abigail: the tech heavy nasdaq again down today, not even being helped by the bloomberg dollar index that maybe a tailwind for the dow and s&p 500, on pace for its best day since june 15. behind this strength, we did have a better-than-expected manufacturing report for june. we do have once again yields rising. this is a five-day chart of the 10-year yield, up five days in a row, the first time since the end of april. asabout 20 basis points bonds selloff. it is not clear what is behind this. we did have a bigger move down in yields earlier. let's look at a chart of the technicals on the 10-year yield. we have been looking at this for quite some time. out of the election, we had the big backup in rates and then uncertainty as the 10-year yield stagnated. in april and may, started to break the bottom of the range as investors became more cautious about how much the fed will raise rates

the dow up over 1% last week. all the features point to the upside. >> in your stocks open higher as brexit talks resume. ftse higher by 27, dax lower by 46. cheryl: saxon china falling one point or 5% despite better than a growth for the economy and changes slightly higher. lea: netflix kicks off after the battle. strong subscriber growth is expected by the premium service. train to zoo with the number one, eighth spiderman. we will reveal the box office winner. ♪ lea: good monday morning. 5:01 a.m. here in new york. i am transfixing for lauren simonetti. cheryl: good morning. i am cheryl casone. a lot of breaking news that happened over the weekend. senate republicans come you can call this killing. they will not vote on a bill to repeal and replace obamacare this weekend. majority leader mitch mcconnell delaying the vote because senator john mccain is in arizona recovering from surgery to remove a blood clot above his left eye. officials and gop lawmakers are weighing in on the show. >> the fact of the federal

cheryl: federal reserve janet yellen helped lift dow to a new record. she's back on capitol hill this morning. lauren: yellen's promise to slowly raise interest rates pushing dow 123 points yesterday to look at this record high and futures this morning building on that record, dow futures up 24, nasdaq up 21. cheryl: taking a look at all the major indices, higher by a fraction. lauren: stocks in japan, also edging up, nikkei up just a bit, in south korea kospi hit record high. bring on the records today. cheryl: millions of verizon customers, names, passwords leaked online. we will tell you who is at risk. ♪ ♪ ♪ lauren: good morning, 5:01 a.m. in new york, it's thursday july 139, i'm lauren simonetti. cheryl: good morning, everyone, i'm cheryl casone. we have a lot of news to get to. lauren: good to see you, cheryl. we certainly do. president trump visiting france for a meeting with french president emmanuel macron, he arrived about two hours ago. cheryl: expected to report syria, global trade and hold joint press conference later today and fox business

the dow another high. white house communications director anthony scaramucci commenting this morning on now deleted tweet that seemed to call for an investigation into white house leaks and included reince priebus's twitter handle in the message. hmmm. >> when i put out a tweet and put reince's name in the tweet, they're making the assumption that it's him because journalists know who the leakers are. if reince wants to explain he's not a leaker, let him do that. let me tell you something about myself, i'm a straight shooter and go right to the heart of the matter. melissa: joining us now is conservative commentator and fox news contributor, rachel campos duffy. great to see you. what did you think of that? >> good to see you, melissa. melissa: what did you think of that? >> later on he said, look, i tagged reince on the tweet because we're basically in solidarity on how important it is to get the leakers. so i don't know. they said that reince and bannon weren't friends and we know they are friends. i thi

the dow at a record. the nasdaq a record. s&p, record closes, all three powering higher on a day where fear is almost nonexistent. the vix is at 9.5. near an all-time low. david and melissa, how about that? david: remember when donald trump said you're going to get sick of winning. we have another record day on wall street. i'm not sick of it at all. i don't know about you. the dow is joining the party, settling up 95.7 points. brand-new high for the dow, just under 21,700. the nasdaq closing at record as lymph the s&p fighting for gains. too close to call right now. see how it settles in a moment or two. this shakes out, we'll let you know. i'm david asman, glad you could join us. melissa: absolutely, i'm melissa. this is "after the bell," more on the big market movers. big news from washington to wall street, the senate voting right now on a straight repeal of obamacare with a two-year window to replace with a new health care plan. we'll be following all of the action from the senate floor and bring you the results of this

dow transport down 2% over that time. on the dow transport, a series of disappointing earnings. yesterday it was ual and csx. today, we have the shares of union pacific weighing on the dow transport. shares are down in a big way. chp robinson put up the biggest etf in history according to steeple. and you will see those shares are lower. here they are, down about 5.4 percent, while union pacific beat. but there are lots of questions about rail shipping costs and competitors. we do see more pressure on the dow transports once again. after the bell, ebay and microsoft, two of the big marquee earnings reports of the season. microsoft trading higher and ebay trading higher. highshares at all-time before their earnings reports. investors are looking at $.71 on adjusted earnings. in focus, the cloud unit, margins, and what will 2018 guidance look like? this is the microsoft fiscal fourth quarter. ebay looking unchanged right now. it appears the options action is a 7.8 percent move to the upside. bet analysts seem to positive, but some are on the sidelines, saying they are nervous abou

dow up 85 points, strong all day and in record territory. the s&p is positive and the nasdaq is down and so is the russell 2000. >> which is sort of a mixed way to end what is aer in very just strong month best month since february for the dow and s&p, best since january for the nasdaq brushing off some some of the internal controversial scandal and drama inside the white house snap shares are off the lows of the day. tracking this closely because we're following it after its ipo lockup expiration. we'll debate whether it's time to bite being down on the social media stock. >> and what's on your mind we want to hear from you reach out to the show via facebook, twitter, send us an e-mail whatever you want to talk about. we're back to business on "closing bell" after this. we, the entertainment-loving people, want an unlimited data plan that gives us more. we want more than just texting. more than just surfing and shopping. because sure, we want to use this to call the people we love- - like our directors. but mostly, to get the entertainment

dow managing the day off session lows.hat we're trying to take a look at right now. does that beat the number? we have a record for nasdaq. i'm here for melissa francis. david: we managed to pry you out of the new york stock exchange. we have more on big market movers. here is what we have covering for you in the very busy hour. let it fail. republican leaders scrambling after senate majority leader mitch mcconnell pulling th

there was a tug of war inside the dow among technology companies.was cisco, that was one of the best, or if not the best-performing company in the dow today with ibm with the earnings last night down 4%. very quietly oil continues to move higher and hit a six-week high today we're now at $47 a barrel on wti on the draw down in inventory, and the vix going the other direction is essentially at a low for the year here around 977 right now. now we get earnings, bob, here we go again. this time, it's american expr s express, qualcomm, and t-mobile. >> and the important thing is, the magic words were uttered, mr. ryan, speaker of the house, we are going to work on tax reform as soon as the august recess is over he said that what, about 11:30 and you look at the market, folks, slow drift upward 3-1 advancing to declining stocks new highs on the major industries and 300 new highs on the nyac the bottom line is not a particular reason for the markets to move up, other than mr. ryan's comments. >> all right very good. thank you, bob see you later. so we're g

the dow jones hit a new high. splashing a dow theory signal that means stocks could continue to gain ground. analysts expect the strength of transports to continue. at least for now. a weak dollar and the unrelenting rise of e commerce should bode well for companies hauling goods. ups and fedex will juggle a record number of packages this holiday season. both are investing billions to do so. ups has announced a new charge with fedex expecting to follow suit. a big rule taking effect at year's end. changing driver hours will take capacity off the road. >>> the big wild card coo be ramp stocks they all chugged hire in the first half of the ye growth areas like auto has begun to wane. a big factor, energy production. oil prices plunge, could begin to decline. for nightly business report, i'm morgan brennen. >> corporate america getting ready to report quarterly results in the weeks ahead. as always, those earnings will be a key driver of stock prices. >> the early sign that we may be in for a positive surprise. it's

the dow is still down 5. a lot of the selloff, particularly this morning, sparked by the news that the senate's effort to repeal and replace obamacare has collapsed. russell down a quarter president and s&p and nasdaq are higher >> one biotech company received fda approval for a breast cancer drug details on that next. >> and on the heels of td ameritrade's earnings we'll ask tim hockey about the ongoing atmmission fee wars and if th's affecting new client growth stay with us (baby crying) ♪ fly ♪ me to the moon (elegant music) ♪ and let me play (bell rings) >> >>> welcome back td shares are higher after reporting quarterly net revenue. that was partly because of new account growth and asset inflows from new and existing clients. profits did decline as the company adjusted to lower trading commissions. the online brokerage firm cut its commission fees back in march. >> down to 6.95, not as low as fidelity and charles schwab. a first on cnbc intervup that we welcome back president and ceo tim hockey who is rin

we are looking at the dow futures. s & p futures are relatively flat dow futures up 16 points the s&p 500 and the dow finished at record closes once again. nasdaq up by 8.5 technology stocks are the reason we cited for recent gains. >>> overnight in asia, japan closed for holiday china reported economic growth 6.9% second quarter. that beat expectations factory output surged by 7.6% in june, fastest pace in three months retail sales topped expectations, rising 11% last month. the shanghai composite down 1.4% hang seng was up, and the kospi up >>> in europe, things are relatively flat. dax is down. and the cac is weaker. crude oil prices on a tear this morning it is up again with wti trading. >>> can i say hello to everybody. we haven't been all together awhile, kind of nice >> comfortable >> pair of loafers >> i'm wearing sneakers today. they're more comfortable than loafers. >> i don't feel like you have to do much to look better i can come in. >> sneakers and no socks >> this is like sweatpants, when seinfeld wears s

we mentioned ge a moment ago that's clearly weighing on the dow.tributing to that decline of 4% intel down 2%. we've talked about some of the challenges as well to be had there. in the nasdaq tesla down 6% doesn't help and the s&p l brands down 15%. >> and the russell is the big loser today, down 1.4%. >> shall we check in with sue herera back at headquarters for or-ins update. >> you got it, guys. here's what's happening. supporters of the venezuelan government armed with metal pipes and sticks stormed the congressional building and began attacking opposition lawmakers the violence injured several of those lawmakers. >>> the maker of cliff bars is voluntarily recalling three flavors over allergy concerns. according to the fda, the bars, which are marketed to children in many cases, may include undeclared varieties of nuts the agency says it received a small number of complaints >>> excessive heat in charleston sent that city's popular carriage horses back to the barn during the height of the tourist season new rules require tour operators to retur

that's jack. >>> good morning a dow double play. microsoft and visa, visa is a dow component!arnings beats plus the nasdaq rising for the tenth straight session, closing at an all-time high. a full market rundown is straight ahead. >>> the trump administration may be getting a new communications director today someone very familiar to our viewers. we'll get a live report from washington and if you ask the internet to help you name something, be prepared to live with the consequences that's how a swedish train just got a ridiculous name. it's friday, july 21, 2017 visa is a dow component and "squawk" begins now. ♪ >>> live from new york where business never sleeps, this is "squawk box. >>> good morning welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen andrew is off today. our guest host is jason trener, chief investment strategist from strageis you slipped right in here. we like to keep people holding on until the end how are you doing? >> doing great how is the summer? >> pretty good friday in the su

let's take a look at the dow 30 heat map. with the dow up 19, what's keeping it above the flatline?e were down 120 points. you could say ge is leading the way. boeing and nike right behind. tesla leading the nasdaq at this hour after stepping on gas. the luxury electric car giant announcing it's expanding tesla service centers and adding 350 mobile service vans? why? well, the rollout of its model 3 sedan picking up speed, first deliveries expected july 28th. tesla up two and two-thirds percent. and a quick test, which of these items do you consider to be perishable? fruit, livestock, flowers or wedding dresses? wait til you hear which one the irs picked in a now-highly-controversial case. first on fox business, jason freeman is the attorney representing former dress -- texas dress shop owners. he joins me next on why the irs destroyed the business his clients founded years ago and why they're fighting back now. >>> dow's up 16, stay tuned. ♪ ♪ today, we're out here with some big news about type 2 diabetes. you have type 2 diabetes, right? ♪ . liz: who should the irs pounce on for b

dow is down 53 but could be up for the week. ♪ ♪ liz: red on the screen for the dow, s&p and nasdaq and russell 2000 at the this hour. the federal trade commission is reportedly looking at amazon prices as part of acquisition of whole foods. shares of amazon are down half a percent on that news. elon musk on twitter said he received verbal approval to build a high-speed hyperloop between new york and dc. officials in dc downplaying the news that the boring company still would need requirements. another unicorn looking to go public, ancestry.com, public offering this year which could value the company at more than $3 billion. up next ohio republican congressman weighing in on the next move for your taxes in health care. stay tune, we are coming right back. >> this business brief is brought to you by comcast. business, built for business. the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's ho

dow jones up 108 now after that strong report from caterpillar and other dow components mostly positiver this 3m now down a little over 2% but you can see, caterpillar up 4.5% europe was strong this morning here's a look at some of the big companies reporting this morning, as we said. gm, 3m, caterpillar, united tech, and du pont. joining us now -- >> we have a very special guest this morning we do. we haven't seen him in awhile. he's here. jeff kindler, former chairman and ceo of pfizer, currently ceo of private yet imprexion taking on pain management in the face of the opioid epidemic before we even start this, you walked in here and you handed all of us what looks to me like a pepper >> exactly don't eat it >> don't >> don't eat it. it's very spicy. >> so you brought this for us. >> yes >> for what reason >> our company is using a synthetic high science version of the natural ingredient in chili peppers, tabasco, all that kind of stuff called capsaicin capsaicin's been around for thousands of years and everybody understands that it reduces pain, in a very safe way so what we did, our

shares of the dow component fell 1.5% to 124.57. the railroad operator union pacific said rising cargo vol e volumes and higher fuel surcharges helped that company grow profit and the results topped expeck tases. >> we had a very good second quarter 5% volume growth is always good thing for a railroad to leverage. we also generated excellent productivity, about suh $0 million. we saw that growth, it was concentrated in coal and in frack sand, but there are other markets there were strong as well in grain and some others. >> shares were off 1%. >>> philip morris cut its price for the year after cutting cigarette shipments. revenue grew but not at the clip analysts were expecting and profits came in light. down 1.86. and the snow mobile and poe lars sale s rose as the company said there was strong demand in its international market. >> a really good quarter. organic sales up, it's nice to get back to growth in the business. trz it's up to about 12%. >> growing demand for software subscriptions helped check point's bottom line come in

he's worth 2,000 points on the dow.e is kind of seen as the kind of stabilizing force that represents what it's wishes are for lack of a better way to put it if you feel like that weight shifts more toward the seat i don't know if they're quite as excited about that prospect. >> it was part of the administration committed to revenue neutrality which removed the shackingels of what they could do >> speaking of putting downward pressure on the dollar those headlines aren't going to help. >> finally we'll watch as we said oil today hasn't had 8 days up since the end of '09. back to the end of '09 they had ten days up it's coming off the best week of the year but the worst half since 2015. >> we saw rig counts drop last week for the first time since january. i know we spend so much time obsessing about opec i'm not sure we should anymore because clearly let's remind everybody opec is talked to. the government says a and they do exactly what it says but here in the united states they do what they're going to do based on what

dow hanging on to a gain of 26 at 28,823 right now. washington and, well, everywhere else is britain's channel 4 newsing about recent comments made by white house communications director anthony scaramucci and comments made to the "new yorker. bannon himself has had a controversial path calling recently for a 44% top marginal tax rate for people making more than $5 million a year. >> bannon wants facebook and google to be regulated more like utilities. let's bring in the reporter who broke that story, ryan grim, d.c. bureau chief of "the intercept. this would speak to his nationalist tendencies i guess why just those two companies >> i don't know that it's just those two companies and actually i suspect and the people i spoke with suspect that it goes -- that it goes further than that, but the sources that i had had only spoken to him, and he mentioned those particular companies. it would not surprise me at all if companies like amazon also fit into this, because he was talking about a theory in other words, here are tech platforms tha

dow has moderated a little bit it's up 159 right now. up over 200 points closer to the beginning of the session. the s&p is still up 8. it's about a third of 1% the russell is up 8 as well. the nasdaq is down 25. >> and you see us sitting here, that means we're in the last hour of trading. s&p 500 rallying 8% first half of this year, thanks largely to technology when we come back, we'll talk about which sectors and stocks are set to outperform the second half of the year >> but first, disney shares are on the rise today on a report the media giant could be a takeover target. we'll have the latest details on the future of disney whewe meack.n and the wolf huffed and puffed... like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improveme

the dow closing at a new all-time high today.s reports did receive a warm reception in france while his pro growth agenda here at home may finally be moving forward. welcome to risk and reward i'm liz macdonald in for deirdre bolton. welcoming president trump with a big display of military in paris. the president and the first lady guest of honor at tomorrow's. the world war i to defend

the dow jones average down by 1 point right now. the nasdaq again showing signs of gains we were working on eight straight days. we got that yesterday. so now we'll see if we can build on some of those record highs for the major indices. the ten-year, we are seeing movement there we have seen a little bit of a trend higher eventually. now you can see 2.27 the last trade there. that down trend in yields for the past week or two is now at least showing a little bit of stabilization. we'll see if that stays the case as well. also on the corporate side of things, shares of ibm under pressure the company reporting its 21st consecutive quarter of declining revenues the tech giant says revenues came in at 19$19.3 billion in te second quarter that's down again more than 4% from a year ago and below analyst expectatioexpectations the company beat on the bottom line for profits earning $2.97 a share. one of those corporate stories that we will talk a lot today in trade today. >>> so three deal stories breaking overnight discovery communicatio

is forg of equity rally real, because the dow industrial, the blue line, and the dow industrial averagewhite line, have made waves, the first time back in march. that is a bullish sign because the thinking is moves in the company's that make the stuff we buy should be confirmed in the companies that move these products, the transportation companies, and vice versa. when they move higher, that is a bullish time for equities and the overall economy. a lot of people talking about stocks being overstretched at the current valuation. that all depends on earnings. julia: is that the sound of a bubble popping? not yet. i am talking about the everything bubble of 2017. it could be severed currencies, goldman sachs -- cyber-currencies, goldman sachs, who knows. when we talk about the everything bubble, though, michael reagan of bloomberg says what he sees accompanying it is an increase in household net worth to disposable income. in the 2008, 2007 region, that was the burst of the housing bubble. matter, theographic white line, this is the median age, and what it is showing you is that people do

the dow, s&p and nasdaq hitting record highs.ef strategist david nelson about what could drive this market even higher. what do u.s. stock market futures ahead of the opening bell. dow higher by nine, s&p, nasdaq higher by one. you are watching "fbn:am." we will see you after this. ♪ at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. hey, i'm the internet! i know a bunch of people who would love that. the internet loves what you're doing... so put your idea online with a domain name from godaddy. enter your idea and we'll find you a one of a kind name. we've helped 17 million people find the perfect domain name for their website. get your domain name and start building your website for free! strained to breaking news this morning. reaction for an end that john mccain has been diagnosed with an aggressive form of brain cancer. th

up 150 points now, 28 of the dow 30. 29 of the dow 30 are in the green.and j.(. morgan is down. 28 up, a couple of dicey. comedian david letterman gets political. wait until you hear what he's saying about president trump. he's next. >> well, this is kind of extraordinary, we're up 145 points, record territory all the way around. this on the day when russia, russia, russia was supposed to be all the negative news you could possibly get and look what we've got, record territory. same story with facebook. that's at an all-time high. hit it earlier and now it's at lm that, i believe, is the all-time high. also, happening now, of little interest to the market, fbi director nominee, the hearing is going on. senator dianne feinstein õissuing an opening statement. mr. raye in the hot seat this if there's any fireworks you'll see them. now this, david letterman slammed president trump to the associated press. i'll give you the quote. if the guy, trump, was running a dairy queen he'd be gone. this guy couldn't work at the gap. why do we have to be victimized by hi

lea: the dow retreated yesterday. the dow down 54 points. here's a lucky u.s. stock market futures dip lower pay to come s&p higher pay to create nasdaq higher by 16. >> the s&p and nasdaq opening higher by the $4 billion deal. mccormick died in the food edition of kaiser, which makes french's mustard. lea: stocks in japan at tire. the nikkei up one 10th of 1%. >> there could be a $16 billion deal. the cable tv business. reportedly in merger talks. lea: earnings season in high gear after disappointing on result. this one will hear from morgan stanley. ♪ lea: at his 5:01 a.m. in new york on taken july 19th. i am lea gabrielle in for lauren simonetti. >> i am lori rothman in for cheryl casone. lea: president trump simon reports at the g20 senate in germany this month. the president tweeting chemistry canoe story is sick. all g20 liters and spouses were invited by the chancellor of germany pressed new. lori: the president saying the fake news is becoming more and more dishonest. at dinner range for top 20 liters of germany is made to look sinister. this comes afte

dow futures down 42. down 8 nasdaq under pressure, down 33 points we get a ton of mick dat econom >>> yields took a step back from higher levels yesterday, but a tick up this morning at 2.36 we will see if that boosts gripes ligrip boosts groups like financials. >>> we go to matt bradley in warsaw to recap some of the highlights we've heard so far. good morning, matt >> reporter: good morning, sara. this is something of an interesting morning for the president. he had an adoring crowd greet him at airport last night when he arrived around 10:00 in warsaw then this morning he held his first foreign public press conference with a foreign head of state that was president duda. as you saw earlier, this is kind of an awkward pairing. of course president duda is a far-right populist, the same sort of ideological ilk of president trump, but widely criticized by the european union and human lights organizati rigs for his authoritarian turn president trump chided north korea. came down on russia just a little bit

in purple we have the s&p 500 and in pink we have the dow. the blue lines represent all the times we had simultaneous record highs for these three major averages. it's pretty remarkable over the last three years have had tons of simultaneous record highs. right now, the dow is. man out. we don't have a blue line today. let's take a look at what is dragging on the dow the most. ibm drags sharply. 4% drop4 -- almost after they missed on sales estimates. they beat eps, but jeffries saying it is the deja vu quarter and the quality of the earnings is very poor, similar to in the past masking headwinds. it was weakness in the cloud where the disappointment was. let's turn to the potential media deal julia was talking about, scripps network and the owner of hgtv, the travel network, and others of 14% on pace or its best today since 2008. the news -- as it is being said there are two potential suitors that could buy scripps networks. they have had separate meetings with discovery and viacom, all three are rallying and paul sweeney says discovery and

check on the global markets we'll see green to start the day if things hold we have s&p up by about 8, dow jones up by about 65 and nasdaq up by about 25 points. if those hold, we will have a green open to start. we have seen moves higher and the trend takes us to around 2.32%. and for the ten year u.s. government note, some signs perhaps of optimism or perhaps of more inflation ahead. we don't know. >> the rise in the yield certainly something we're seeing around the world sentiment beat expect aboatione. and in china, pmi also topping expectations in the month of june touching its heist level ighest three months and you have the china bond program with hong kong taking off. you can see a positive session in asia, japan, the nikkei there seeing a gain ever around .11%. hang seng tlat on tflat but alse green. and let's take a look at europe. early trade there, data in focus. manufacturing pmi rising to its highest level since 2011, fwauling short of consensus. we're weighing taiting for the meeting to kick off where geopolitics certainly will be in focus. dax around.07% and so perhaps star

high or confirms the breakout status of the dow itself the dow jones transportation index is a measure of commerce tracking trains, planes, trucks, freight forwarding really isn't that a good gauge both the industrials and the transports hit new highs, i often tell you that the move is legitimate and it can be trusted. it is real this is some of the oldest technical work dating back to charles dow, the founder and editor of the "wall street journal" who created the dow theory to validate rallies you often hear at the top of the show they like how the transports are acting. that's because i'm trying to see if the move is staying power in order to bless it. i look at a host of other indicators the housing index, i look at the semi conductor and the rth. that's that all-important etf that encompasses the big retailers. like to see them move up in sync before i bless a market move for you. you have to put the maximum amount of chips on the table oh, boy, but is the inverse true if we get a move, a move up without confirmation from the majority of these, the whole rally could be a fakout. a