should we be about this fang mess. >> we've had these bouts where fang left and that's been a place for concern and if you think about times where people are questioning global growth it hasn't been in this environment and i look at netflix and facebook and those were rebounds off of very difficult decembers and falls deep into the end of the year and the fact that they pulled back aggressively after such an aggressive move higher not a huge surprise and google is disappointing and amazon is disappointing and all we've done this week is talk about retail and amazon should be the one that doesn't have these secular issues and these exist earn issues and they're the ones that everyone is competing with and it's disappointing and fang is certainly not the place you can run to here and the jury is out where you should be running. >> facebook, 17%, amazon 11, netflix, 16, alphabet 12 if you want to do the elongated fang so to speak and it has gotten upset, as well >> scott first of all, welcome. >> i do my own jam the maggot thing doesn't happen. we're doing the fangs. >> walk off. if you'd

fang, and we firmly believe it is because she is chinese. >> the suit names two officials, saying one in particular has a history of animus of asian an southea ancestry. in march they ordered her to remove the dinosaurs and other decorations, calling them a public nuisance. now in the year and a half since florence fang has renovated -- purchased and renovated the property, she has used it primarily for charitable events. reporting live in hills bring, i'm sergio quintana, nbc bay area news. >> thank you. >>> the heartache is profound and the healing just beginning. tonight you're seeing students and teachers gerting for a vigil in highlands ranch, colorado, just outside of denver to honor the victims of that deadly school shooting. one teenager was killed. eight were hurt. it could have been even worse, if not for a young man days from graduating and preparing to join the marines. kendrick castillo charged the attackers, sacrificing his own fefind nicer kid. >> kendrick was a selfless individual, and he cared about people. you know, and thaere.t' - he was a foot away from the shooter

we got to new highs at the end of april without participation from the fang.hat the big institutions, when they do need to put money to work because a lot of them are underinvested, they tend to gravitate toward those fang stocks because of liquidity. >> and the fundamentals, i guess you like 75%, 76% of companies have beaten. look at cisco last night >> 76% so far. 60% have beat revenues gdp growth, 1.5% to 2.5% for the last eight to ten years. we've seen a little over three it's like a big tanker ship on the economy. it moves the needle. >> i've said three reasons there's really four to be longer term unless you've got the technicals fundamentals, sentiment, nah, we don't want it too good but interest rates are down but let's fight now. all that stuff, tariffs, brexit, does all that stuff literally just get swept out to sea because of this massive global trade fight we're about to enter or are already in the middle of? >> i like to focus on what the big institutions are doing to touch on the technical part. think of all the news that's hit us over the past f

they are known as fangs. tech companies. they are the american companies. they are the american companies which dominate the industry. and they are part of our everyday life. china has its own version. bafta. not these either. it stands for china's biggest tech dryers. almost everything you do online in china is linked to one of these companies. so who are they?

do you follow the big money into fang and what's with alphabet not getting the same love as others >>he alphabet quarter conference call is very disappointing. this stock is pretty cheap at about 20 times but remember that revenue growth decelerate decelerated from 22% to 19%. that is hardly horrible but it was a surprise and on the conference call they didn't do a good job as to why revenues kind of slowed. $150 billion revenue company it's a law of large numbers. if they could have done a better job of disclosing i think the stock would have acted better. so i think that's the issue with alphabet i own it i own a small position i'm much bigger in facebook because i think you get the same multiple for better growth at facebook and i know it's controversial but i'm willing to live through that. in terms of fang, if you think you're in a slow growth environment you want to own a sector of growers and these stocks have lagged especially off the december lows >> also a big day for retail with walmart higher on an earnings beat. we'll break down the retail trade for you next on "closing b

so essentially we are using this natural fungal pathogen as a fang of a spider.er the toxin, here, we are using the fungus to deliver the toxins for us. our aim is to control the mosquitoes that bite humans and not to prevent transmission of diseases like malaria. this one was successful as the result of an incredible effort by scientists in burkina faso, and they spearheaded all of these experiments in this malaria endemic village in burkina faso. that was brian lovett from the university of maryland. the time is quarter to two. the business news coming up in a moment. in a moment we'll have all the business news, but first the headlines on bbc news... peter willsman, who sits on labour's national executive committee, has been suspended from the party over his comments on anti—semitism. donald trump plans to hit all goods from mexico with tariffs — until they curb illegal immigration. mexico says the tariffs would be "disastrous". the gp magazine pulse has revealed that nearly 140 surgeries closed across the uk last year — up from just 18 in 2013. nhs england di

there are some factors you may be wouldn't see of the fangs that you would have to take on board.ing to take on more content. aliba ba board. both are looking to take on more content. alibaba are looking more content. alibaba are looking more at al whereas tencent are looking at live content and may be live streaming services as well. there's always this issue with regards to users outside of china about their thoughts about using a company that might be closely linked to the chinese authorities. for example, we think about wechat, yesterday whatsapp was the big story and the fact whatsapp was vulnerable, we were all having to update our whatsapp at as it were. would we be enticed by wechat? what are the issues? i think there's a certain amount of sneering that goes on when you look ata sneering that goes on when you look at a company that's a bit different to what we're used to. when you think about alibaba, set up in 1999, a long time ago, and originally the culture dictated you work six days per week from 9am until 9pm and you only got a job if you lived in the flat or a 15 min

they are known as fangs. tech companies. they are the american companies.the american companies which dominate the industry. and they are part of our everyday life. china has its own version. bafta. not these either. it stands for china's biggest tech dryers. almost everything you do online in china is linked to one of these companies. so who are they? baidu does a search. it is in the same game as google. but while the us firm is a world leader in internet search everywhere else in the world, baidu dominates in china. next is alibaba. it is like amazon, but now much, much more. the company, founded by jack but now much, much more. the company, founded byjack ma, already i’u ns company, founded byjack ma, already runs the biggest online shopping day of the year. known as singles day. but alibaba has big ambitions. it has a mobile payments business. and it is pouring business into artificial intelligence. the t stands for tencent. not only is it the well‘s biggest gaming company by revenue, but it is also in the music streaming business —— wild. and have you

fang added actual flintstones to her yard when she bought it in 2017. >> yes, she did. nspl now living in one of the east bay's wealthiest neighborhoods got a special night out. only three months ago greg dunston and marie mckenzie were homeless living on the streets of oakland until "the chronicle" profiled the couple. a man saw the story and offer t pimohome. the warriors invited the couple to the warriors playoff game. they got a vip behind-the-scenes tour of oracle. >> awesome. i never dreamed i would be at a playoff game. >> it's an honor to have them here tonight and i think their story inspires all of us. >> greg and melanie are still facing charges ahead. >> one act of generosity can change the course of an entire life, right? >>> i like what everyone did there. prince harry is traveling to the netherlands to launch the countdown to the invictus games. archie is the first bi-racial baby in the family. prince harry and duchess meghan introduced him to the public. queen fawned over him. >> seeing the queen, the proud great-grandmother alongside doria from a differ

. >> we can't call them ma fangs >> why not >> it sounds like muffins with fangs. >> come on, kelly. >> anyhow. >> all right brian, thank you joe, thank you as well >>> coming up, oil is moving higher today in part because of more rattling from iran. are higher prices coming as the situation plays out? crude is around 62 a barrel. disney is smashing the box office stock is up more than 20% this year earnings after the bell. llhasend it even higher? feel th? that's the beat of global markets,feel th? the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. lexus ux and ux f sport. also available in hybrid all-wheel-drive. lease the 2019 ux 200 for $329 a month for 36 months. experience amazing at your lexus dealer. in the transportation industry without knowing firsthandness the unique challenges in that sector? coming out here, seeing the infrastructure firsthand, we can make better informed investment deci

. >> reporter: 51-year-old michael webb is behind bars fang a charge of gravated kidnapping while questions swirl about his motive and the young girl is safe authorities say thanks to this pastor. >> they are heroes tonight, i'll tell you >> i don't think that's true at all so that is -- we were open to being used by god. >> reporter: his reward, he got to call the girl's father with the good news.ez gabe gutierr, nbc news, fort worth, texas. >> what a horrifying ordeal >>> the surprise for hundreds of grads from the student debt crisis >>> we're back now with the price youe.ay for colleg student debt is spiraling out of control but with graduation season in full swing, one class of 2019 got a big s xz surprise from a gs billionaire they will never forget here is nbc's jeff ss bennett. >> reporter: an unexpected graduation gift for the morehouse class of 2019 thanks to robert smith going off script with this commencement surprise. >> this is my class. 2019 and my family is making a grant to eliminate their student loans. [ ch>>rs ] eporter: disbelief student's faces, then cheers. >> mvp >>

my name is kyung fang. i want to thank supervisor mar for your leadership on this issue.we know this crisis, we feel this crisis. i walk and get on b.a.r.t., and it's packed. i can't even move. that's because there's so many commuters of people who are being pushed out further and further. i walk down the streets. i live in the tenderloin, and i have to walk over the bodies of people living in the streets. there in the richest city, where there's 100 billion of venture capital flowing in. i think it's time that it's clear to do something about this, it's time to turn the city around. it's time to make sure that san francisco leads, not in this inequality, uber inequality, but in racial equity, gender equity. that's why i'm here today. there are over a dozen groups here in the room with us along with our coalition, and all of our groups here, worker groups, community groups, agree that it's time to do something. and we are the 99%. we are the restaurant workers, we are the uber drivers, we are the people who actually create a successful city, and it's time for us to share

the big man wants to seem to get it in the fang stocks again. the 13 filings are always backward looking and we always point that out, big-name marquee investor puts money to work, it's always back looking however it does seem to speak of maybe a belief of the kinds of stocks that are going to start carrying the load again. you've got -- we're showing you on our wall that we made, these are some of the name pz of their filings we're focusing on, positions netflix, amazon, buffett and soros management and netflix and new position at amazon, and others, david tepper, the last filing in facebook, new position in amazon are they still there in the size that they were who knows. >> i believe that they are and i believe they probably got an opportunity like quint said to add to it last week with when we had that aggressive sell off this week, monday, when you had the aggressive sell-off. i think you had chances to add to that. but i will point out also these stocks are going to move the bittia eta of these stocks,w much they move relative to the s&p a

so the nasdaq which is 30% -- sorry, the fang stocks which is 30%, that's leading this market higheroom. charles: you had me when you said you were a fan for a long time but you really, really had me with your knowledge. you are absolutely fantastic. can't wait to have you back on again. talk to you soon. >>> liz claman, big stuff going on at the berkshire hathaway shareholder meeting. liz? liz: this place is crawling not just with investors but with people who are fascinated by the markets and boy, do we have an amazing market day right now. we have this breaking news for you. the prime minister of the slovac republic just departing the white house moments ago. of course, president trump talking trade and security with the leader of the nato nation in the oval office. that was earlier. but during that moment, it was comments that the president made specifically about russia that are raising eyebrows at this hour. what we are going to do is take you live to the white house in just a moment and you get to hear what he said and of course, blake burman will bring you the latest of the f

. >> and again, i think most of kind of fang gets left out again, it's more of maybe that particularlyund alibaba and ten which would benefit. >> i want to jump in with one thing. the asia conference is the credit suisse asia conference which happened a month ago and i met with a large group of asian investors, not only from across asia, but particularly from hong kong and mainland china and they highlighted the same point i was making before, that china, they believe, and these are investors there, that china needs this deal more than we do that they realize that the american consumer is ultimately the holy grail for chinese exporters. i was really surprised to see that tone out of people from china itself. >> overall, in terms of more pedestrian things like earnings, you were resolute we were not going to have negative earnings quarter and looks like you're probably going to be right does that mean that expectations for the back half have to be tempered a little bit? >> i mean here's the reality what we have is a few things we have an economy where the economic data is decelerating,

fang is responsible for marketing at the inclusion factory he too initially trained as a message therapist but he felt the job didn't suit him. but i wasn't given a choice i was chosen by the job not the other way around after school i said i want to pursue my own career. eventually my parents accepted maher choices. to see. now he works on creating more choices for people with disabilities. the ultimate goal of the inclusion factory is to see the stuff one day switch into jobs in regular factories. ever since the blockbuster rain man we all assume we know about autism that special condition that turns people into walking calculators that's perhaps one aspect people with autism disorder have many skills but often overlooked because of their difficulties with social interaction and communication and getting a job can be difficult luckily some companies are wising up to this waste of talent . for most people they're just drops of water on a windshield. but. they form a grid that distracts him from the traffic. on a good day it doesn't bother me but on a bad day i don't drive because i just c

outstanding, that's the buy if the market continues to go higher, but it cuts both ways six names plus the fang and plus the apple and the microsoft will go down the hardest when the market fails and it cuts both ways >> i think that it shouldn't be misconstrued as a flight to quality trade and everybody knows those names and it's last year like in october because everybody thought let me go buy tech because that is not going to go down and that is not the right answer >> i'll give you a trade there, young lady and you weren't here in the beginning of the week and you look tan, by the way great job by you getting tan. >> always use sunscreen. >> beautiful this time of year >> very close. >> when google orring alphabet reported, the stock was trading at 12:10 or so and one of the things we said, no, there's probably further room to the down side and it should trade down to 1150 and it's the december low and the recent high makes perfect sense and why don't you go back and look where we're basically stuck on it. >> 1158 or so? $8 away. >> so what does that mean? now you have something to trade fo

the best trades in the market over the past but years is sucking wind, whether it's the chips or the fangs, few parts in between. chips 15% down in the month, worst since '08 could be the first negative month of the year for the smh. >> and the most significant sales exposure to china so no, not ready to step back in just yet. i exited the semi position, terradyne is a semi equipment name i'm looking at purchasing but thinking about risk overall, the market does not seem on the equity side like it wants to assume risk. they would assume risk first in the places like the semis because that's obviously where you're going to get the high beta exposure that would lead you through the alpha generation if there's any perceived form of a resolution >> all right, stephanie link made a big call and i want to talk about it right now. you sold intel and you say it is, quote, looking right at you, jim lebenthal. >> having a drink, just preparing. hold on. >> dead money. drink up steph is going to go first you have time to get your voice ready. dead money, intel, you sold it why? >> because i do think

we are using this natural pathogen from mosquitoes from a spider fang.e toxins. is the aim to make mosquitoes extinct? no, absolutely not, ouraim is mosquitoes extinct? no, absolutely not, our aim is to control the mosquitoes who bite humans and not event and mission of diseases as such as malaria. there have been experiments like this in the past — why has this one been successful? this one was successful, largely due to the incredible effort by scientist in burkina faso. i remain collaborator spearheaded — make our remain collaborator spearheaded this in burkina faso. —— our main collaborator. having him on was important for the success of the project. the other thing that was important was the construction of this facility that we tested the fungi in. we can'tjust walk out into the field and try them so we built a very large building, facility, which we call a mosquito sphere which is like a large greenhouse but instead of having glass it has a double—walled net which allows us to test our experiments under environmental conditions but keep the fungus

. >> at least 33 parents ha s are fang including bruce and davina hillsborough, pleaded guilty to charges related to the scandal. the chinese family have not been charge with any crime. stanford did issue a statement saying the university never received $6.5 million from singer or any family working with him. >>> a bold claim from defense attorneys today about the cause of the deadly ghost ship fire in oakland a couple years ago. they claim it was arson. today is day two of this trial and prosecutors argue it was master tenant who transformed the empty warehouse into a death trap. nbc bay area's melissa colorado was in the courtroom and joins us with more. >> reporter: yesterday the prosecucessecution branded derea as the man profrti inprofiting ghostship warehouse, his attorney described him as a family man who loved art. >> we very strongly belief this was arson fire. >> reporter: blame arson, not derek almena. >>hinghat occurred that night could be attributed to him. >> reporter: that is the message defense attorney tony sara drilled in the heads of the 12 men and women who will decide

so, essentially, we're using this natural fungal pathogen in mosquitoes as a fang of a spider.sing theirfangs. here, we're using the fungus to deliver those toxins for us. brian, is the aim to make mosquitoes extinct? no, absolutely not. our aim is to control the mosquitoes that bite humans enough to prevent transmission of diseases like malaria. there have been experiments like this, i think, in the past, haven't there? why do you think this one has been successful? this one was successful largely due to the incredible effort by scientists in burkina faso. we worked with scientists at the centre muraz and at irss. our main collaborator in burkina was dr abdoulaye diabate, and they spearheaded and ran all of these experiments in this malaria—endemic village in burkina faso. so having him on our side and conducting his experiments was incredibly important for the success of the project. the other thing that was important was the construction of this facility that we tested these fungai in. so, because they're transgenic, we can'tjust walk out into the field and try them in the o

with a seventeen point six percent return on investment and familiar names including the so-called fang tech stocks oil fund c.e.o. investing stud held their results as quote the funds best quarterly return measured in cronan ever slings that also cost. however that quote as a major equity investor we must be prepared for large fluctuations in the funds market value in line with developments in global stock markets. and joining us now to give us an expert perspective on the state of global oil markets is the president and c.e.o. of spruce u.s. sprott us holdings rick rule thank you for being here rick and welcome to boom bust . my pleasure thank you now first of all one global factor we've been keeping a close eye on here is u.s. sanctions against iran waivers for imports of iranian oil by other companies officially expired on thursday per the previous announcement of the coming move some major consumers lost their waivers notably china and india as well as major allies of the u.s. japan and south korea but market reaction so far seems pretty muted what outcomes do you think the real yo

physical product which of course is the i phone and a lot of that is also tied to china so out of the fangs stocks this is the one that is going to get hit the worst buy trade now is it impacted positively today based on the way band yes i would say that's true but at the same time you're going to have those longer term trade or effects impacting apples so while i do like apple as a longer term stock pick in the near term i expect it to continue to experience quite a bit of volatility due to the on. and trade war sounds like that particular thing may be a bit of a loose tooth these days. samsung is also not in the news last week south korean investigators raided song factory and found laptops and other devices hidden under the floor of the meeting room prosecutors reportedly are looking into possible accounting fraud possibly related to the fight over who will succeed as c.e.o. of the since samsung conglomerate that presume their lead j. young is already facing bribery charges what's the prognosis in outlook for samsung right now and how serious a threat is this investigation. so any time t

the fangs where globally scaled distribution networks.book doesn't actually work in china. they've allowed google to. not allowed in china they don't have china revenue expoedsure if the global economy slows, advertising slows. >> maybe there are companies right now that are glad that they are blocked in china. >> yeah. >> laura martin. great stuff, as always >> my pleasure >> early morning analyst call to tell you about coca-cola, upgraded to overweight from equal weight they have a $55 price target stocks at 48.51. about $6.30. it has a stronger growth outlook than many of its peers citing pricing power and volume growth among other factors. straight ahead, fueling the trade war. president trump visiting a major liquified natural gas facility in louisiana all of china slaps new tariffs on u.s. natural gas. we'll break down what's at stake for the entire energy group ahead. and are we in for are more pain at the gas pump or will they level off in time for the start to summer? gas prices could be bigger than tariffs. we'll tell you why st

yesterday at a record despite the fact that fang stocks. hit hard.treak since september. todaydelivering results to help the street feel better. in other asset classes, a mix to dollars story with the dollar off the lows of the session after adp crushed it for april. flatter, about 22 basis points. there is a lot closed over the next few days. europe is closed today. not a lot of action and you will have a lot for the fed to take it comes to what it will have to prove to the market and how dovish they will have to be to support the market. we haven't treasury refunding announcement coming out as well. andmuch they will borrow where across the curve. it looks like they will option 19 billion -- and $27 billion in 10-year note. during -- noup real step up. david: that is the big issue. it is coming up, we do not know if it is in september or october. we have debt ceiling we are bumping up against. alix: that is why they cannot increase what they will be selling. the debt limit, they are like let's raise it. david: that does not mean they will borrow le

let's bring in thomas fang, ubs china equities head.investors -- are retail investors and other investors in china that scared about what the u.s. might do? we have caught the market on pause for adjustment. to date, the market has been pretty strong on fundamentals. overnight it really triggered this adjustment. vonnie: it is very volatile, though. 7% often can china absorb a to 10% drop in stocks? is it a major deal? obviously, it would be in the united states. is it in china? thomas: it is a surprise. looking at the market, it is a general selloff. if you look at the foreign investors, it is also a big selloff today as well, so it is a combination of fundamentals a little but ahead of the market itself, and the market really took a hit. guy: thomas, how worried are the chinese authorities about stockmarkets? do they care more about the currency market? how highly does the stock market feature? president last december highlighted capital markets as the primary goal to get it right. indeed, they will pay a lot more attention than last

they also sought to unseal and revoke the warrants but judge fang did not rule on those matters today. an attorney for the police department said they'll fight those motions. right now, san francisco police william scott is addressing it at a news conference. chief scott just announced that he is under investigation for possibly conspiring with a member of the police department. in the theft of the police report in this case. we had not mattered until just now. dan is at the news conference, along with the chief. >>> it seems like ride shares are taking over in the bay area. now there is a new effort to stem the tide. it could end up costing you. >> plus, fighting cyber crime. what you need on protect your privacy? plus, a former cyber criminal. >> and the warriors are back home after the sweep last night. are we tnot yet.? at crystal geyser we put our mountain source on our bottle... that's cool. ...because we bottle at our mountain source. crystal geyser alpine spring water. always bottled at the mountain source. when you can't get to the mountain... that's cool. ...we bring the mou

. >> we have to look at fang all the fang companies had been excluded, facebook, amazon and google and alphabet. those are four companies that had nothing to do with china i am noticing anything aerospace is getting hammered because people feel they can shut down at boeing. apple is the company that they can retaliate. i am told that the president, hey, listen, apple should diversity f diver diversify more not that they are seeing it being a research department but boy do they care about certain stuff. >> specific to apple, we make this point many time apple is responsible for a lot of employment in china itself given the phones are a symbol there on high position, we know that's one of the key suppliers, foxconn of that. you do have to believe that if you impact the overall demand for that device conceivably, you will be hurting employment in china which is not something you necessarily want to do, is it? >> that's why i feel like the president feels the upper hand the tweet this morning was saying you are okay if you make things in mexico he had a couple of countries on the list if y

. >>> meanwhile, the fangs are back in favor on wall street daey're all moving higher toy. the name worth buying right now after this measure up? a cfa charterholder does. you've worked hard to grow your wealth. make sure you're working with a wealth manager who can grow with you. cfa charterholders have the investment expertise to unlock opportunities other advisors might not see. learn what a cfa charterholdr can do for you at therightquestion.org woi felt completely helpless. trashed online, my entire career and business were in jeopardy. i called reputation defender. they were able to restore my good name. if you're under attack, i recommend calling reputation defender. and consider joining their groundbreaking campaign to give every american the right to remove old, inaccurate search results by going to righttobeforgotten.org. vo: if you have search results that are wrong or unfair, call reputation defender at 1-877-492-6705. >>> qualcomm's sky works among the chip stocks getting hit today on the trump administration's move to ban china's huawei from selling communicat

in the old days the biggest winners were just fang, football, amazon, netflix, google and now alphabet. numbers may be too low there even apple came charging back after opening down a couple of bucks. why not? the president is playing nice to the japanese and europeans that gives him a stronger hand with china these days we also round up the usual suspects we have a whole cohort of the cloud kings you heard me name over and over again. they become go-to names. when people are worried about an economic slowdown, the cloud is a secular winner, meaning companies keep investing in the money saving software even when business slows down so work daze day, splunk, twilio go down. you want to buy the slow stocks in the slowing economy the trade desk, which you spoke to yesterday, they skyrocket toto m too. tdd rallied nearly 8%. that should never have been down to begin with. what else? money flowed into the financial technology plays of course they came into paypal, into square, visa also master card from the laggard bank stocks, that's always the trend today the rally had a special twist to

real hedgehogs have sharp, fang like teeth. we're not going for real itch, he's blue.his human teeth. this is all over the news. >> is that jim carey? >> it is. >> and james marston? >> they did it big. >> what happened? >> these rogue cows were guided home in sonoma county. it shows them guiding them home after they were caught earlier this week. the rogue bovines just casually going along the road in no hurry. >>> up next at 6:00 we are covering the mayday protests. >> and one area that may experience disruptions today. >> reporter: google employees are upset and use this mayday to ♪ ♪ they're the moderne stone age fami. ♪ ♪ meet george jetson. electric cars are more fun to drive and more affordable than ever. electric cars are here. plug into the present. to, mike. >> a lot of sunshine, warmer temperatures. just a little bit of fog this morning around napa, american canyon, vallejo and benicia that will be around for the morning commute. it hasn't made it over to places like san rafael. looking south on 101 there. that is about it. that and we're cooler this morning

. >>> just a week after receiving the presidential medal of freedom, tiger is fang a wsuit connected to his florida restaurant. a bartender died after his shift. his parents said he was overserved alcohol there in the restaurant. the suit alleges the restaurant managers and employees knew the bartender was an alcoholic. the 23-year-old crashed his car, died on his way home that night and blood alcohol level was more than 3 times the legal limit. tiger woods yet to comment on this lawsuit. >>> what a difference a day makes. the dow is closing up today about 207 points. nasdaqin clos up 87. s&p 500 up 22. %.e gains are close to half of the loss, lost from yesterday. experts say investors are weighing the impact of the escalating tradein war with some say the turnaround came because the fundamentals have not changed. the u.s. economy is still strong. wh>>> president trump meane downplaying the trade turmoil calling it, quote, a little squabble. at the same time, pressuring china, threatening yet another tariff increase. craig boswell has the report. >> reporter: president trump sounding

a couple of the fangs looked like they went under his eyelid. terrible. mt. tam, something nicer.t gray. we're just of the shark tank. if you're going to be out there partying temperatures in the mid-70s, about 60 once the game is over. more sunshine warmer this afternoon,shows, en trackihe here is a look at some 80s. they stick out in antioch, santa rosa and ukiah and then mid to upper 70s for the rest of our inland neighborhoods and down into the south bay. into san francisco, tonight, drizzle. green there. also along the peninsula coast. cloudy to partly cloudy. here we are at 2:30 tomorrow afternoon. our first shot of some showers and thunderstorms and in the east bay as we head into the evening hours rotating to the southwest and the south bay. clearing out and calming down friday morning. maybe leftover drizzle. friday evening we have a chance of another stray shower or two in the south bay. that will knock the pollen down. otherwise pretty high as temperatures will rebound quickly in the 70s to near 80s of mother's day. >> past highway 4, we had a crash involving four vehic

joining me now is katie fang.e you again. >> sure. >> we'll start with the request for the tax returns. secretary mnuchin delayed the request for those, saying it lacked a legitimate legislative purpose. did "the times" legitimize that request? you're hearing a president who essentially bragged about avoiding tax codes. >> there's a legal way to avoid having to pay the full maximum you would have to for your taxes. there's a 95-year-old federal statue that allows the house ways and means committee to get the tax returns for the president of the united states. what it ends up being is, what is donald trump trying to hide? if we all know from paying our taxes, when you sign your tax return, you do it under penalties of perjury. there's been several people that have been successfully prosecuted for fraud, for tax evasion, because of the representations they've made on several tax filings. you know donald trump likes to pass the buck, no pun intended. and he likes to blame accountants and lawyers for things he gets ca

. >>> let's bring in our panel, jane newton small, kevin swirly, and katty fang. >>> let's start with you kevin on the reporting about north korea, what the u.s. policy is with dealing with north korea and as we know this president does like to underline that he does quite well one-to-one. >> two things. first and foremost whether you agree with it or not, north korea leader kim jong-un has been norm alized in the sense how he's perceived on the world stage. some who think that's positive and some who think it's negative. the bottom line is he's communicating on a world stage as a direct result of president trump meeting with him in person. the second point, if you talk to intelligence officials and look at north korean's nuclear ambitio ambitions they have not subsided. that has potential political risks for the president who is trying to negotiate this with kim jong-un for several years now. >>> the other topic rum nating this weekend is the back and forth between nancy pelosi and the president. if we look at the amount of words and type of words chosen by nancy pelosi, if you're a

or the fearless fangs taking stocks to greater heights?on this is "the halftime report." >> the alarm bell is ringing. >> nobody got hurt at the register. >> is it time to take profits? the halftime investment committee weighs in with advice. plus, big moves for tesla and under armour we will debate whether they are

>> yes fang we're under weight services.ly about crowding, a sector that's gotten a regulatory free ride for the last, you know, couple of decades. and now all of a sudden we're starting to hear more and more friction within the sector around data privacy. we're starting to hear risks around governance. i think this is the sector that is super crowded the average mutual fund has a 60% overweight in fang stocks. this is a loved area of the market that could be a source of liquidation if we see redemptions from actively managed funds. this could be an area, a source of funds that some managers decide to get a little more defensive. i think this is one of the most risky areas of the market from just a pure crowding perspective. >> savita, thank you he's hard to understand. >> you're welcome. >> good to see you >> that's why i keep the questions short and to the o int. toquick. >> still ahead, david jeffers' hedge fund could be coming to an end. details when "closing bell" comes right back >>> let's check in on some of the day's

. >> brian fang, thank you so much. and chris hughs will join cnn tomorrow morning at 11:00 a.m.rn. appreciate it. >>> a rift developing between members of the kennedy family. why some are publicly upset with rfk jr. and his stance on vaccines. >>> and a stunning video of what was found during a raid of one mansion. have you seen this? including more than a thousand weapons. we'll be right back. morning. what are you doing? isn't it obvious? nah. we're delivering live market coverage and offering expert analysis completely free. we're helping you make sense of the markets without cable or a subscription from anywhere you are. i get that. but what are you doing here? nice pajamas. really? i say pajamas. pajamas, pajamas, whichever. good. yahoo finance live. stream free anywhere. welcome to the show. let's make finance make sense. welcome to the show. patients that i see about dry mouth. they feel that they have to drink a lot of water. medications seem to be the number one cause for dry mouth. i like to recommend biotene. it replenishes the moisture in your mouth. biotene definite

name all of you now know it well cannot wait to reveal that coming uchl plus, steve weiss busy the fange just bought and the number one retail analyst on wall street, j.p. morga morgan's matt boss is with us. coming up at noon. morgan, see you in about 15. >> we'll see you then. over to cme and rick santelli. hey, rick. >>. >> thank you i'd like to welcome my special guest, professor johntae l tayl, form rer undersecretary, also professor at stanford university and a new book out where he's not an editor, he's a contributor put together by the hoover institution what a list of contributors. currencies capital, central bank balances let's talk about a currency that's the u yan the capital, they're hitting close to 71 to the dollar. will it breach will there be capital flight out of the central bank? let's weigh in on the dollar versus the u wan in china. >> we've got to worry about these capital flows. that's one of the purposes of the book i think a lot of actions have encouraged this. a lot of flow volatility exchange rate. so one of the purposes of that book is to have transparency it

. >> i think every name in fang is below the 50 day moving average. do you see that lasting?ay not know, i'm come out and say i think we have to look very seriously at f.a.a.n.g. i don't include netflix but facebook, google, apple, amazon and in terms of what importance, control, monday open i had positions they have in the country. you can't avoid going through the apple tollbooth if you want to get certain things done you can't avoid in the social media, i mean it's funny i've spoken out on this issue about google yet, i can't resist. every time i'm in a conversation, i pull out my phone find out the answer. i have -- i goent to google we're so dependent on that source is congress is probably the only source we can look to to find out some technique because it's not going to get any less. >> do you think the tide is turning in terms of the narrative around ride sharing? profitability, certainly doesn't seem to be anywhere in the near future but this idea that competition is not quite as fierce and pricing is getting better? >> i don't buy that as a writer, i don't buy that

fang, executive director of jobs with justice san francisco will serve as the partner with engaging local community organizations, and especially reaching racially diverse and vulnerable workforce populations , aaron johannsson is the research director of the jobs with justice education fund , she will collect information on prior surveys and serve as an overall advisor and coordinator. last but not least, hayes with and matt schlesinger are the cofounders of the driver seat cooperative. this is an app that can be used to collect data from on-demand workers, anticipate being able to deploy this -- for hundreds of on-demand workers, which will to collect data and inform the survey. anticipate this data will be very helpful in terms of transportation data to the transportation authority and the sfmta. every one of these partners brings extensive experience on labor issues to the table, they all have impressive resumes, resume is, the academic researchers have long histories doing research on issues related to the restructuring of work, and the economic security, jobs are justice san francis