. >>> with the four biggest names in tech, what are the risks and sernd.investors be con erin gibbs isio nager at s&p global market intelligence. welcome. nice to have you here, erin. >> thank you. >>rn are you con about the top-heavy market or not? >> i am concerned they're coentrated in two different sectors. i know you called them technology, but when you look at em two of t top five are pure technology, microsoft and apple, and the others are communications, the facebook and google. the last one, amazon, it is consumer remember.nary, it is about buying stuff, not a tech company. even so, those areery concentrated and it is somewhat unusual we have so few sectors presented. when you look at the overall weightings and you say, these top five, these top four are such a big weighted index,t is not that much difference in the past 20 years. it has been a bit of a gradual increase over the past five years. >> right. but when you look back 20 years, it is actually very much in line and much like what we kind of saw the avera weights in the early 00s. so i'm not as concerned about them bei

joining me to discuss capital wave strategist shah galani, s&p portfolio manager erin gibbs. out fcc taking on facebook, department of justice taking on google. feels like what we've been talking about for a while, erin. the federal government circling the wagons around big names and some people even talking antitrust. >> yeah, they are getting hit on all sides. whether issues of they are not able to distribute the platforms to china through the tariffs wars as well as increased regulations, just here within the u.s., there is a lot of uncertainty around these, particularly the communications services as well as some technologies. charles: shah, what makes it even worse, everyone considers them bad actors. that they have abused powers that they have. so it feels like hey, if this administration, a future democratic administration, wants to take them on, break them up, you might not get a lot of resistance towards that? >> well, i don't know that there wouldn't be a lot of resistance, charles, i think certainly would be. but what the market is now indicating, all these stocks h

blue line futures and erin gibbs, your "trading nation" team bill, start with you it's popped back above the bottom of the old trading range around 250 so where do you see the stock from here? >> called 180 the buy area 2.5% but up to here, a lot of this is short covering ahead of this investor meeting. elon musk to boost the stock the best he can. there's still fundamental challenges i look at 250 area, 245 as being an area to look to sell this as long as it stays contained through the investor meeting, i think you'll have a sure opportunity. >> erin, you know, bill mentioned fundamentally, did this decline in the stock, give fundamental investors an opportunity here or not? >> because we're still seeing revisions downwards. i do see this ahead of the shareholder meeting. it's a great opportunity for musk to promise a unicorn with wings, reinsure investors for a couple of weeks but then reality hits negative from europe if he misses on cars or profits, it's constantly being revised down and don't see a bottom yet. >> all right we will listen for what the company has to say later erin, b

. >> let's bring in market panel to react to this, gary b smith, fox business contributor and erin gibbs, prayerfully manager. taking to you both for joining us. let me begin with you jerry, in the years past we have seen oil takers attacked oil prices would've taken off. i think u.s. oil production has changed the landscape. yes we gain some in oil but not as much as you think. >> exactly. the landscape is completely different than it was a few years ago. we are now a major player in all forms of energy. not just oil but natural gas and shale and things like that. i think melissa decided, only oil up 2% after two tankers get destroyed in the golf it's remarkable. in the market of 100-point, i think that says things are going to be okay. >> energy independence, is a wonderful thing. let me bring you into talk about the market as a whole. strange day, we floated around, a late surge and finished up 100 points, i feel like even with china or geopolitical things going on, we know the feds got the back of the market still a sense of wanting to move higher. >> i think part of it we had severa

s&p global portfolio manager erin gibbs, ftn financial economist, chris lowe.te economists. am i tripping? >> no, absolutely not. the economy is in great shape. the thing we were worried about, consumers, bedrock of gdp in the u.s., those retail sales numbers were really good. not only did we get solid growth in may but april revised from a decline to a rise. now you have three months in a row where sales are growing, yeah, they're healthy. charles: why would the fed cut interest rates then in this environment? >> you know the best reason is, you have 1 1/2% inflation. inflation is low globally. and, i think it is pretty clear, we can stand strong growth. strong growth is okay. there is no reason to choke it off. charles: erin? >> i think one, we talk about the, gdp now, and that reason that popped, that was 50% below consensus for the past six months. the fact it just popped to me is really meaningless. it is super volatile, it is all over the place. it really was because of those retail sales numbers, revision of april as well as may. i think, i wouldn't be s

. >> erin gibbs, we'll leave it there.re's your headline, never been a bigger premium between growth and value quite the headline thank you very much. we'll see you soon. >>> all right. there's a lot more going on on this monday morning as well. let's get you up to speed on some of the top headlines. frank holland has more frank? >> good morning, brian we begin with president trump taking aim at fed chair jay pow nel an interview with nbc's meet the press. he never threatened to demote powell but says he has the power to do so if he wanted. >> what he's done is 50 billion a month in quantitative tightening that's ridiculous. what he's done is he raised interest rates too fast. >> you worry he's going to hurt your re-election >> i think the economy is so strong we're going to bull through it, but i'm not happy with his actions, no i don't think he's done a good job. i think this, if he didn't raise rates, obama had very low rates so obama was playing with funny money. i wasn't i'm playing with the right stuff. >> el dorado