as its name implies, fang uses derivatives to achieve three times the opposite of the fang plus indexormance wise, fang trailed the index since launching in january 2018, but be warned that this family of etf's are not buy and hold investments. fang has roughly $25 million in assets and is equally weighted with a rebalance every quarter. it comes with a high expense ratio of 95 basis points, but that really shouldn't be an issue for short-term positions. bloomberg intelligence gives fang a red light in its traffic light system due to heavy leverage, daily resetting, and credit risk. scarlet: it is like a high-tech etf video with a 1980's twist. eric: it makes me want to go clubbing in miami, for some reason. scarlet: we will see eric there. that does it for bloomberg's "etf iq." see you next week. ♪ at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyon

fang uses derivatives to achieve three times the opposite of the fang plus index. wise, it trailed the index since launching in january 2018, but be warned that this family of etf's are not buy and hold investments. fang has roughly $25 million in assets and is equally weighted with a rebalance every quarter. it comes with a high expense ratio of 95 basis points, but that should not be an issue for short-term positions. bloomberg intelligence gives fang a red light in a traffic light system due to heavy leverage, daily resetting, and credit risk. it is like a high-tech etf video with a 1980's twist. eric: it makes me want to go clubbing in miami for some reason. scarlet: we'll see you there. that does it for bloomberg's "etf iq." see you next week. ♪ alix: middle east turmoil. the u.s. moved more troops into the region. oil prices care more about trade geopolitics. gold bugs rejoice. prices spike as jay powell delivers a flock full of doubts. you are hired. just maybe not if you are a woman. clean energy looks like big oil dominated by white men. ♪ i'm alix steel.

, and this ny fang index over netflix and before we do that, i want to make another point. of people are talking about the underperformance of fang in the last couple of months and it's been underperforming since between 2015 and if you put the nasdaq 100 on this, you will see that the nasdaq made a new high where the fang index has not made a new high and you've been underperforming for a year and a half now and i think that's pretty impressive and dan hit the nail on the head here and this is netflix in blue and showing relative strength to the fang index and it is quiet and it is in a range and the market is in a lot of volatility right now. so if things were to stabilize and if this was not just a short covering rally and above 380 and very easy to say and that was one of my talking points that's handled the disney news and i would expect the bottom to fall out of netflix so it might be a breakout trade through 380 and you get the round number and the stocks will go off and i think i'll take a shot there todd, does the trading range in and of itself make you believe tha

so of the fang, i agree with you. i think you take it out of the fang for the antitrust issues and you just look at the pure stock and take the symbol away and it actually trades really well in this environment don't you think we have a lighter touch in this country than in europe >> of course, we do. >> of course, we do. name the last big start-up in europe did y >> can you come up with someone? >> look for the european industries to rebound on a relative basis and what tech plays are heavily weighted in their industries and maybe sap >> there's really nothing when you're buying the dax that gives you the tech exposure and back to netflix, recession may equal more netflix and chill, but i think what we've seen in the market, and i don't want to get into it, joe, and that's for another show what i will say is you've seen high-multiple stocks do very poorly in this environment and as much as we think that the netflix has been a defensive stock during a very difficult last 12 months and it's underperformed the s&p and f

fang uses derivatives to achieve three times the opposite of the fang plus index. wise, it trailed the index since launching in january 2018, but be warned that this family of etf's are not buy and hold investments. fang has roughly $25 million in assets and is equally weighted with a rebalance every quarter. it comes with a high expense ratio of 95 basis points, but that should not be an issue for short-term positions. bloomberg intelligence gives fang a red light in a traffic light system due to heavy leverage, daily resetting, and credit risk. it is like a high-tech etf video with a twist. -- with a 1980's twist. eric: it makes me want to go clubbing in miami for some reason. scarlet: that does it for bloomberg's "etf iq." see you next week. ♪ alix: middle east turmoil. the u.s. moved more troops into the region. iran increases its uranium enrichment. oil prices care more about trade geopolitics. gold bugs rejoice. prices spike as jay powell delivers a flock full of doubts. you are hired. just maybe not if you are a woman. clean energy looks like big oil dominat

. >> why hasn't your fang -- >> my fang >> the new highs here, there's a lot of stuff going on seems like it is justice, trade, and the s&p 500 and they're pushing it up and everything else -- >> we are talking about the market here. we are not really talking about stocks although we often do. what i hear you saying though is why shouldn't it go higher i'm saying maybe some of the things that were historically the leadership, that narrow leadership that at times you nailed has been too narrow and given back and fang was that fang is not leading, you're right, and utilities are so is health care, so are defensive. but rotation is part of the market as well just to say that the market can't continue to move higher because we all are not happy that the fed has to step in and do what it has done for the last ten years, it has largely worked. >> but going back to the negative rates, okay why do we have 12 trillion in sovereign negative rates you have central banks worried about a deflationary cycle we don't really feel that way here in the u.s., yet we are following them in that same path

which of the fang names do you like the most? >> facebook's the stock du jour to like.ery specific of why. obviously the things are humming with instagram and get the legislative fears behind them, you'll continue to see the sass stocks continue to do really, really well. you have to play in the -- i wouldn't call them broken but i like the ipos of 2018 that have not outperformed docu-sign is a great story and you want to pay attention to those and another one we took public a year ago, last week we had a big ipo in fiver but up word coming back and it's a theme for a decade. >> thank you for joining us. lindsay, great to see you for the last hour, as well. >>> the head of the american apparel and footwear association just testifying about how president trump's tariffs on china could hurt his industry and raise prices for consumers he joins us next. >>> fake meat frenzy led to shortages at restaurants and sent the stock soaring >>> stocks close the day higher but the market did lose steam in the final moments of trade bob, let's start with you. >> low volume, i would sa

including many of the fang names, though i would leave facebook out since they're trading more than 1% right now overall, all the major averages in the green >> all right fang stocks mostly higher, this morning a day after tanking and shedding almost $130 billion in market cap, sending alphabet into a bear market as anti-trust investigations weigh on shareholder sentiment, we have wedgewood partners portfolio manager and cio david wolf what a way to start the week how surprised were you by this latest chapter and what does it do to your models across the space? >> what a way to start the week. kind of getting used to it these days as the typical monday in fang land but not a surprise if that some of these reports have been bubbling up obviously on friday, late friday, we got word that this is something may be brewing. look, it's hard to ignore the fact that these companies had benefitted a lot from a fairly loose regulatory environment over the years and the ability to leverage a lot of consumer data to drive their ad businesses so hard to ignore that not surprising the regulators are

i feel quite a few calls from people that think earning fang is a diversified strategy. hardly with facebook, amazon, netflix and google now alphabet, you own veriuatioy uati variations of the same thing that's what i call faux diversification or another example, now matter how much i like the oil stocks at any moment, it's wrong i can count a portfolio with exxonmobil and halliburton j and j, bristol myers and united health even as i like all four they leave you way too exposed to health care risks that could overwhelm the whole group at once having iundiversefied portfolio mistake, the way it works in this country. if you have all your bets in one sector, you beat pretty much everybody who is diversified out there. that's the nature of the beast a hedge fund manager that does that and gets lucky can market himself as a huge success and raise tons of capital from investors that don't realize how much risk they are really, truly taking on. whether you're an armature or professional, you need to do your homework and keep your portfolio exciting it may not be sexy but ther

and i don't mean just the fang names but big growth names like mastercard and visa.ughout the year they have been down today as well value-oriented names are on the rise and there's the closing bell let's get over to wilfred and sara. >>> if you're just joining us, good afternoon welcome to "the closing bell." i'm wilfred frost. >> i'm sara eisen. along with mike santoli, senior cnbc markets commentator take a look at how we finished up the day on wall street. really a mixed picture if you look across the major averages the dow climbed all the way back toward the flat line was mostly negative all afternoon. positive this morning. flat at the close. s&p 500 down a third of 1% the real story was in the technology names getting slammed on fresh news of antitrust investigations by the u.s. government nasdaq lost 1.6% ten minutes ago that was down 2% looking a little better into the close. the russell 2000 and small caps up a third of 1% what stood out to you? >> we did see yields turn around in the last ten minutes as well as equity markets lifted off the load of the ses

>> sue, i think the fang stocks still trade for the four fang stocks, a being alphabet and the averageollectively is 65 times trailing earnings and that's still pretty, pensi expe when they're trading at 17, 18 times earnings and eveness expensive than that. i think too many of those names are still expensiveoday and they're priced for perfection and priced for sainthood and those are names like it. even on the debt side, quickly, the we works and thend teslas the company debt. i think there are bubbles there, too. overall, there aren't many bubbles in the market, but there are sure some in these pocket >> david sowerby, thank you very much for joining us. >> my pleasure. >>> wo have some sad news tonight in the world of economics and finance. economist martin feldstein has passed away. he first came to prominence as chairman of the counsel of economic advisers under ronald ntagan and he was also presi obama's economic advisory board any president emeritus and a ti lo professor of economics at harvard university. martin feldstein was 79 years old. ♪ ♪ >> the premiere ent for the fast-g

fang names, mostly lower today as the fight against big tech continues. judiciary subcommittee says the leaders of major tech companies will be asked to testify on the hill. it comes as google, facebook and amazon are facing greater federal anti-trust scrutiny. joining us to discuss rbc lead analyst mark mahaney and at post nine, our commentator mike santoli. what do you do with something this specific where the risk/reward may be very large, but the time to get there is also very large. >> right i think the most immediate place the market is going to go is maybe it restrains the valuation of these companies it caps the valuations if you look last year at the highs in these stocks and pretty much they're all down 20% or so from their peaks, the valuations and the reason that they were sort of the go to for everybody for growth was that their growth long term was almost automatic and the platforms were impenetrable and those are the reasons they're under fire i do think that you can say if they can show continued earnings growth you count on that this is t

fangs blunted. the us heavyweights are set to launch groves into the sector. square anniversary. china's economy 30 yea rs anniversary. china's economy 30 years on from the brutal crackdown that shook the world. good morning, vietnam, hello, well. it is a tuesday. glad you could join us for an exciting addition of asia business report. i'm at rico hizon. we kick off the programme with us technology stocks. they slumped overnight in new york under reports that enforcers are set to launch probes into the sector's biggest players. the so—called faangs. they are all losing ground overnight. the biggest loser among the major indices. michelle fleury has all the details from new york. the spark that set it offers the prospect of greater regulatory scrutiny. us anti—trust enforcers have apparently carved upjurisdiction anti—trust enforcers have apparently carved up jurisdiction for possible investigation into google, facebook, amazon, and apple. it is not uncommon for the agencies to negotiate over who gets to vet which companies and markets. it is to avoid applicati

if we look at the movers within tech, specifically at the fang stocks with the aa, nn definition of fang, apple putting in its best day in a month. nvidia rising a good 5%. chipmakers rising. we also have netflix rising 4%. the analyst saying it is the best option within the faanng stocks. google doing well with a number of analysts saying they do not think the government will go full nuclear option with the antitrust. i should have a chart to show you how well the turnaround has gone for tech stocks. take a look at the green bar at the end. that is as the s&p 500 tech sector performance. it is the second best day for that sector. david: you talk about a turnaround. that is extraordinary. thank you to am a chandra -- thank you to emma chandra. coming up, we talk to the former u.s. trade ambassador to mexico about the view south of the border. that is next and this is bloomberg. ♪ david: this is balance of power. we will turn to mark crumpton for bloomberg first word news. president trump holding out a prospect of a big trade deal with the u.k., but first the u.k. has to leave the eu. the

hardware stocks have done well semis have done well a lot of that has been more recently >> so the fang names are still below their 2018 highs but this is about technology overall. and it's about growth. $3.4 billion in the etf related to growth. that's the biggest jump in june since 2013 it's indicative in the environment that you're in right now where the market wants growth the growth to value premium right now the widest it's been in two decades when you look at the s&p 500 and you take the pe multiples, you're seeing right now the dispersion being the widest that it's been in seven years so the big decision, scott -- look this week you had a quadruple witching on friday this is going to be a throwaway week you're going to be planning towards the second year. in that plan, do you want to take what josh is talking about which is the rate-sensitive defensives and rotate out of them into the cyclicals? that's the big question. >> okay. we had mentioned these new sanctions that the presidentis announcing on iran we want to go through right now. >> i'll be signing an executive order impo

investors looking to express a view on big tech names, including a leverage site known as fang. whether you embrace or reject etf's, they are here to stay. the flows often signal broader market trends. our own etf expert eric balchunas is here to walk us through what he is seeing. eric: thank you, scarlet. if you saw the show last week, he would know that yours truly protected a lot of risk on in the flows and i was right. after the fed came and saved the day, people are back into equities. you see spy at the top. you see the top with a little iwm, isa, and what you do not see here is short-term and ultra short-term debt etf's. they ruled only two weeks ago. that is how fast things can change on a dovish fed. let's look at the outflows to see what is coming out of etf's, and again, build short-term treasury, there is another short-term treasury. efa, i think some of that went to ifa. that was a move to cheaper pastures. but ultimately, 25 billion has gone into u.s. equity etf's this month and $44 billion into etf's overall in june. let's look at traders versus allocators to see

start, the stars meet with chris for a half an hour for a fitting, and then it takes his company, fangsgoods. why do you think celebrities keep coming back here for their teeth? >> trust, quality, and i suppose they like me. i might not see meryl for five years and she'll walk in and it's a hug and a kiss and she remembers your name. that's mental. that is just bizarre. >> just hey, it's meryl streep, no big deal. he's such a great guy and such a cool job. >>> from gruesome chompers to one of the most adorable smiles you'll ever see. 12-year-oljacob tremblay is starring in "good boys." don't let the title fool you as nischelle turner found out on her exclusive visit to the set. >> we're bad, we're so bad. >> so how bad is bad? their new comedy is r-rated. >> what do your parents think about you using swear words in this film? >> i think it's fun to get to swear and not get in trouble for it. >> so, can you teach me how to kiss? >> jacob wants to become a ladies' man and enlists his sixth grade pals in finding out how to kiss a girl. >> how much fun have you been having shooting this mov

. >> you havef an that diversifies beyond the fang stocks, is that the idea?at' exactly t idea. most technology funds have benefited largely from four or ive names that have lifted them, whereas fxl has exposure to about 90 names and gives more even exposure across the board. in fact, the top -- top ten holdings only comprise less than 22% of the fund. >>> next on the list, we're going international. it is a diversified markets etf, emerging market specifically. the symbol is spem. >> yes. so this gives an investor broad exposure to emerging markets across the world. emerging markets didn't do well last year. they've underperformed u.s. markets this year, and those economies in aggregate a actually growing at a higher rate than the u.s. economy.rd >>> and the t one is another etf that invests outside the united states, but, you know, this theme of trying to weather global disruptions, how would that help with that? >> well, good question, tyler. i appreciate that. we believe that the global disruptions, so much of them are already baked into the price of these

facebook hold microsoft and adobe are 2 huge leaders that i would argue should be incorporated within fangso i feel like the way that those stocks in particular behaved today. was was very positive but we need to see continuation and we need to see a breakthrough of resistance. it seems like the i.p.o. market also dried up as well we had a slew of i.p.o.'s on that could like earlier this year but now with the trade war and the bad macro climate it seems like the entire i.p.o. market has kind of dried up a little bit. the director of options at some by train thank you so much for your time. thank you. and finally jewelry loving option go as with a taste for historical kitsch may want to send the better to the philippines president rodrigo do charity who has bragged about his role in extrajudicial killings has also approved an auction of one 3rd of the notorious jewelry collection owned by imelda marcos wife of philippine dictator ferdinand marcos over the objections of the marcos family whom busters who were alive in the eighty's may remember ms marcos and her fabled shoe collection among o

she said she looked away for a minute, and when she turned around, the snake had sunk its fangs into>> i saw a five-foot-long snake right there next to him, and i screamed. >> her son there, he's okay. the snake was nonvenomous. it apparently got into the house through the garage and, get this, it worked its way through the pipes. >> i can't even take this snake. >> really glad it was not the bathroom pipes. >> but then like how did -- how did they get rid of the snake? did she pick it up? who did she call? ghostbusters? i don't know. >> snake busters. >>> some tennis fans in germany were expecting to see a tennis match, but instead they were treated to some soccer. >> one of the players lost his racket so decided to bend it like beckham to return the serve. his opponent followed suit and used his foot, and the strange volley continued there. that's not the way you play tennis, guys. >> it's not, but it is maybe even more impressive. >> that they could do this. >> yeah. >> oh, wow. >> that's a small ball to kick around. >> you don't want to injure yourself. >> i'm impressed. >> did w

but you've still got the rebound in the fang names.the losses that we saw yesterday. those regulatory concerns are still going to be paramount. what's interesting is that the small cap stocks are really doing well in terms of tech. coupa software which does business spending management, really hitting it out of the park in its earnings and surging today. that stock up more than 100% over the last 12 months. bob, over to you >> important thing here is it's not surprising the sectors that have been most oversold on trade worries, so transportation stocks, semiconductors, retail, metals and mining all of them seeing a nice bounce today. a lot of the damage, though, has already been done. big transportation stocks are down double digits this quarter on concerns of slower global growth so after seven weeks of declines we have a modest meltup today. volume, though, not very strong but we had a combination of positive comments from china's commerce industry. the trade dispute to be resolved with talks some hopes we're resolving the mexican ta

are just a little bit more cautious with holding on to the stock longer term >> and netflix, another fang -- >> they sold netflix, bought disney i think that could be a play on disney plus. >> j.j., thank you we've got 40 minutes left to go before the close take a look at the dow there's netflix down 2 1/2%. dow's up, though, 136 points we're building on the gains we saw last week. best week of the year. nasdaq doing the best, up 1.3% the leaders today in this market are consumer stocks and technology still to come, hot stock tilray has fallen off a cliff from its highs of last year but seeing a nice pop today. we'll tell you what behind that move straight ahead. >> and up next a double upgrade for a real estate firm and a bearish note on beer we'll get that and much more still to come on "closing bell." oh, sir. that was my grandma's. don't worry, ma'am. all of your stuff is in ok hands. just ok? they don't give two and a half stars to just anybody. here you go. what's this? it's your piano. hold this for a sec. we don't have a piano. no.. but the neighbors do. just ok is not ok. especia

that year and strove to maintain bilateral dialogue even after the massacre nevertheless he granted fang asylum at the u.s. mission. he stayed there for a year until china allowed him to move to the us the deal was negotiated by the us ambassador a former cia operative. china's suspected the cia was smuggling its most wanted dissidents out of the country. at the same time look at activists in hong kong began organizing the 1st step of the operation. they needed to find host countries for the rescue dissidents. the lawyer martin league was tasked with persuading representatives of various governments to accept the refugees. the 1st concert i went into was the u.s. consulate. i saw a lady there not the consul general. she was interested to help. but only the top leaders of the student movement. she was very interested in big names like with cash a. week i see and tiling and so on so i asked her what about the people who were not so well known very dangerous that. were our relationship with china which was just getting. going. there we were the real growth in the in. trade. and it's. a good

su: they say they would not take away from the fangs and the attack was an underlying action. you look at the bloomberg. stocks go on a wild ride. the title of this chart. the s&p 500 recovering to the best day since january. if you go through some of the different groups, the faang stocks were badly beaten in the prior session. it is noticeable that the gangs gains in i -- that the faang stocks were not as big as other panels. stocks the semiconductor . this is a group on a wild ride. shery mentioned at the top of the hour, there was hope that mexico could placate the u.s. and placate or subvert on some of these tariffs. take a look at what is going on after hours. one of the companies getting hit very hard on dismal sales. this is a retailer of video games. they had their ups and downs. this particular quarter not received well. shery ahn: turnout to commodities. -- turned now to commodities -- turn now to commodities. su: -- su: the gold moving higher. a look at gold, normally a story about interest rates. impacty the moves would gold but it has been on a run. perhaps the m

right now overall, all the major averages in the green >> all right fang stocks mostly higher, thisning a day after tanking and shedding almost $130 billion in market cap, sending alphabet into a bear market as anti-trust investigations weigh on shareholder sentiment, we have wedgewood partners portfolio manager and cio david wolf what a way to start the week how surprised were you by this latest chapter and what does it do to your models across th

here it is all about -- we are up 2% after the fang had some big losses after the doj report on the antitrust probe. tech recovering today. if you come into my terminal at gtv , we are taking a look at all the major averages posting some of their best gains for the week going back all year long. you have the dow and the s&p having their best week since november 30, and tech having its best week since december 28 as we recover some of the big losses we saw on monday. a slow grind up into the green. some individual movers. amd is an interesting one. this caught my eye. they are up 16%. this is after we heard analysts pretty negative on micron and western digital. morgan stanley yesterday upgraded amd, talking about sustained profitability and dupont is up 13%. they did say the new china tariffs could double their current impact they were estimating on their income statement of $40 million to $50 million. i did get that tweet saying some of the tariffs on china would be pushed back. some of those stocks shrugging off china. and then of course it is all about the rates. if we take a look at w

shery: not surprising that you have groups saying that you should look into mini fangs, smaller cap u.sthat perhaps have underperformed their bigger peers, but now the valuation seems to be pretty attractive. you seem to have that going for those stocks. jon: no doubt. apple, meanwhile, heading to session lows on worries that the government -- justice department is giving jurisdiction over a probe for a broad tech company review. sticking with tech names, apple holding its developers conference today. let's get to some of the headlines coming out right now. emily chang is standing by in san francisco. what are some of the early details to come out of the event today and mark emily: we are about -- come out of the event today? emily: so far we have seen tim cook, the ceo on stage talking about a new generation of apps, software that is intended to tie all of apple's devices together, iphone, apple watch, laptop, your desktop. what we've seen so far is then unveiling a new watch operating untethers the watch from the phone. the idea is you can use all of this separately from the iphone, a

. >> fang, we like to talk about those names quite a bit on this show as well but if you look quarterrmance within that name of big tech names is netflix what do you think of that? >> it should be. it should go down more once disney launches. one of the names we like a lot is disney. and come november, disney is going to launch their own over the top service. i know i've talked about netflix before here's my problem with netflix netflix is going to lose $3.5 billion in cash flow this year they're going to have negative cash flow of $3.5 billion, it's valued at $150 billion you have disney coming in and they're launching a service around 7 bucks, netflix's average subscriber is $13 a month. they'll have plenty of cash flow to fund it from the rest of their businesses and this is disney, they'll ramp to 150 million subscribers or so by fiscal 24 if you believe their top end estimates. netflix right now has 150 sue kriebers it's hard for me to imagine that netflix continues to add subscribers at the rate people expect when you have disney at 7 bucks a month and netflix at 13, i think net

we did see the nasdaq powering higher, that's important given the fact they this -- that the fangs werek at the head of the pack. not by big margins work the exception of facebook but big enough given the pounding the stocks are taken. take a look at other stocks in the spotlight. target not suffering too much. down less than a percent there. but what's important is that they had some kind of cash register glitch over the weekend that could cost the company $50 million. boeing actually in a fight with airbus for business. actually rising higher and tess la coming out strong. that's another stock that's been badly beaten. paul. speaking of things getting badly beaten, oil further into the bear market on lower than expected data. su: the weaker than expected housing data goes to the demand question. there's a question about supply glut as well as the trade. look at the five-day. it's been a real wild ride where we sunk hard last week. looked like we were briefly higher in the monday session. look at the bigger picture, down more than 18% from the peak back in april. we are firmly in a bea

the primaries, he's going to get attacked and actually, i don't think they have exactly bared the fangs> dana: they're testing the waters to see how it feels to go after him. >> juan: back in 2016 it was much rougher among the republicans. >> dana: did you watch any of it? >> greg: i have friendship bracelets but they're actually handcuffs. my favorite part from the whole weekend is -- what's the guy's name? swalwell. what's his first name? >> dana: eric. >> greg: eric swalwell had a great moment that must have been playing in his head expecting some kind of response that turned out differently -- it was as though he was waiting for a standing ovation that didn't come. watch him make this statement and watch the response. >> i will be bold without the bold. >> dana: what? [laughing] >> greg: such a cheese ball. i want him to be on a plate surrounded by triscuits. >> jesse: that's happened to me on "the five" before. you think you have a great line. you don't want to be too rough because you want to be in the v.p. conversation or if it's president no cabinet position. they have to play c

fang angry rrnesidents at a town hall. days ago a police officer shot and killed an african-american man and many people are demanding answers. [ screaming ] >> buttigieg promises to ask the u.s. justice departmto review the matter. 54-year-old eric lgan was shot an officer responding to a call about a car break-ins. he did not have his body camera on at the time of that shooting. pete buttigieg will join 19 other democrats running for president in miamiek this we they will all take part of the first democratic presidential debate. i'll be coveng those events. you can watch the debates here on news4 wednesday and thursday at:00 and you can see my reports beginning wednesday evening. >>> year ago that white house ress secretary sarah sanders took to twitter tellg her followers thatgi a viria restaurant asked her to leave. at the time, there was concern that the incident would hurt tourism in that area but a new report suggests that is not the case. it was the co-owner of red hen in lexington who asked sanders v to the row a

herself staring at an alligator, 10 feet long that's more than 3 meters complete with a mouth full of fangs to get inside her home. while the woman was in her bedroom, she hid. she called police who brought in a trapper to drag the creature away. the alligator is now headed to a private alligator farm. how would you feel waking up to something like that in your house? my goodness. >>> thank you so much for being with us for cnn "newsroom," i'm george howell at the cnn center in atlanta. the news continues right after the break. stay with us. these folks, they don't have time to go to the post office they have businesses to grow customers to care for lives to get home to they use stamps.com print discounted postage for any letter any package any time right from your computer all the amazing services of the post office only cheaper get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again! here's another cleaning tip from mr. clean. cleaning tough bathroom and kitchen messes with sprays and wipes can be a struggle. there

listen to this, most important on top of that, fang is making a come back. let's go backwards alphabet has a pulse again netflix is finally moving after spending most of the year trading sideways amazon is now up 25% for the year and stocks breakout help by the rth and dominates, the retail etf and the company continues its quest for total retail world domination and apple is defying the trade war with china has the company has to navigate china and the united states for the past couple weeks, the stock has been on fire and tim cook, you should read the commencement address makes a lot of young people -- really, you should definitely read it. facebook has the most interesting year the company will issue what it will do to help the bank get access to the financial system rallying more than eight points in anticipation and the idea of an international currency with real institutional backing and i know many of you snicker whenever i say anything good at all about facebook and with good reason they are not exactly the pa paragons but there are hundreds of milli

joining me now this morning is msnbc legal contributor katie fang. good morning. always a pleasure to learn from you. what is the strategy behind this? what are they hoping to hear from a key watergate player and other legal experts? >> you know, morgan, if there was anybody who would have a frame of mind on how impeachment works in a white house, that would be john dean. based on his historical and institutional knowledge as the white house interfaces with congress, he's going to be able to shed a good amount of light in terms of what congress can do. i think there's a lot of confusion out in the american public in terms of what is legally and congressionally permissible in terms of what congress can pursue in an impeachment inquiry. somebody like john dean who's been there, done that can say, look, this is how it's been done. you are allowed to do it this way. i think it's important because you just mentioned our friends barb mcquaid and vance, their insight is going to be great. there is this criticism, morgan, as of late that several members of the country in

but the democratic party doesn't want more immigrants like fang xiu. they want immigration based on family type, anything but merit. why? the democratic party, the last scale the immigrant is, easier to control and therefore the better. the state of california right now, the democrat party is planning to spend hundreds of millions of dollars to spend free health care on immigrants. that of the oppressed press hard-pressed middle-class californians, that doesn't matter. douglas mcgregor is a retired u.s. army colonel and the author of the book "margin of victory." thank you very much for coming on. >> sure. >> tucker: so it appears as a friday night when the president announced the deal between the mexican government and our government, that the gambit worked. howw significant is this? >> i think in the short run there will beni some temporary relief. but in the long run, this is not going to profoundly influence the crisis on the southern borderer for two very good reasons. first of all, mexico has no interest in halting the flow of either illegal immi

staring at a growling alligator 10 feet long, more than 3 meters complete with enormous mouth full of fangs. it had smashed a window to get into her home. while the woman hid in her bedroom she called police who brought in a trapper to drag the creature away. it's now headed to a private alligator farm. all right, that's it from me. thank you for joining us. remember to connect with me any time on twitter. the news continues with george howell. you're in great hands. have a good day. audible members know listening has the power to change us make us better parents, better leaders, better people. and there's no better place to listen than audible. with audible you get a credit good for any audiobook and exclusive fitness and wellness programs. and now, you'll also get two audible originals: titles exclusively produced for audible. automatically roll your credits over to the next month if you don't use them, and if you don't like a book just swap it for free. enjoy 100% ad free listening in the car, on your phone or any connected device. and when you switch a device pick up right where you lef

also the fang names selling off sharply today. le and facebook potentiall fa investigations by the federal government we'll bring you all the details. stay with us i assembled it myself last night. i think i did an ok job. just ok? what if something bad happens? we just move to the next town. just ok is not ok. especially when it comes to your network. at&t is america's best wireless network according to america's biggest test. now with 5g evolution. the first step to 5g. more for your thing. that's our thing. still nervous about buying uh-oh, la new house.meone's is it that obvious? yes it is. you know, maybe you'd worry less if you got geico to help with your homeowners insurance. i didn't know geico could helps with homeowners insurance. yep, they've been doing it for years. what are you doing? big steve? thanks, man. there he is. get to know geico and see how much you could save on homeowners and renters insurance. >>> welcome back to "power lunch. how are tariffs and the threat of them playing out in the economy? seema mody i

take a look at fang.pite the fact we have worries about regulatory hearings, about how they might be broken up. today moffett nathanson upgrading facebook and fang overall is higher. bob, over to you >> bertha, we just ran out of steam here if you look at the major dow movers, we had big moves up in companies like visa recently just ran out of steam. 6% movement a week is a lot to expect for the markets pricey right now metals and mining stocks china announcing it's going o'help with some infrastructure spending over there. mining stocks went up. finally some of those infrastructure stocks, they were ou on the down side there's the dow jones industrial average break a six-day win streak down 18 points >>> if you are just joining us, a very good afternoon to you welcome to clblt i'm wilfred frost. >> and i'm sara eisen along with mike santoli, senior cnbc markets commentator. we did break the winning streak. the dow ending lower just barely, though. down 13 points it was as high as 185 earlier today. looke

and meantime, the fang names were laggards. kind of mixed. worst performer of the week was alphabet down about 3% this week as there are continuing concerns about regulation and microsoft really the standout here. closing out the week at an all-time high with its market cap just over $1 trillion making it the biggest stock here and within our investing universe. back to you. >> bertha, thank you very much for that meantime we've got a news alert. it's on uber deirdre bosa has the details for us dee, what's happening? >> uber says it's operating an marketing chiefs are stepping down in an e-mail sent by ceo dara kos roe shahly to employee seen by cnbc. he says ceo barney harford who he brought over from expedia shortly after he joined uber, he said he and barney agreed that his position no longer makes sense post-ipo kos ro khosrowshahi also says marketing chief rebecca messina no longer makes sense either marketing communication's and policy teams are going to be led into one led by jill hazelbaker. a source tells me this is essentially dara

and some of the fangs stuff we are grappling with is the fact we haven't reinvested in the system. >> we are getting new cars, tan that's what riders want. i have noticed at stations, they are cleaner. but talk about the teof that ur suburban. it has a 9 member board and split 50-50 isn't it with a couple swing votes on there? >> absolutely. >> and sur that surfaces for example in the last budget you said you would raise rates on bart and some people or one said i don't want to do that unless i raise parking rates as well. and on top of this, we have the homeless issues which we see and that was a problem a while ago. that's been cleaned up. so, where do you see bart going from here? >> well, he think we will continue to focus on the reinvestment and the system but it's a battleship. the cars, as you know, we have got 85. we are getting over 700 new cars, but it's going to take until 2023. we will have a new train control system. we have talked about this. and i think really the challenge is how to get from here to there and not hemorrhage more riders. how do we make the rider experie

how can you invest in a big cap tech company knowing government is coming after them with fangs out? >> it simply puts uncertainty into the system as well as the investors' minds. especially the institutional investors, when they have to worry about what comes next. what news event comes next. who is going to hit them next. with facebook, they are going after them on competitive issues. wait a minute, hold on. facebook beat out somebody else to get to where they are and maybe somebody else who is better than facebook will beat them out. that's what competition is about. i don't understand why you want to take down -- take a peg out and take down companies that are doing so well. i understand there are some issues in there but to do this broad investigation, it seems like they have dartboards in the rooms of these departments and are throwing them at the big guys right now. not so sure it's a great move for the markets or the economy. >> i think that's probably true, gary, but in terms of facebook, for example, they have bought up potential rivals which you could construe as an antico

and have nots within if you at the break down, index as well as the semico semis in the lead and the fangyou still have the transports we not seeing the and even the banks do well that that seems to be the muscle memo memory technology. that confirms the trend. that takes you before the market low of last year here you have it it's s the semiconductors you call it a nagging or theent group. let's the nasdaq. week facebo had a positive impact alphab announcing they are the week the best since january the first day of summer, crocs taking a dip amd under pressure and t-mobile pay pal having the biggest impact the futures are rolling over indete day 7% run up and 2% this week small number of new highs. cisco, microsoft, visa, travel that's a big move up bad news is, we are oversold for the moment this rally has been on central not on fundamental downgr today and there is closin >> welcome to the closing bell >> i'm morgan brennan in for cnbc market commentator. taking a look at how we finished the week on wall street. the dow finishing a day at stocks settle here the s&p finishing down three

isn't that true all of the time, though, that the bigger cap stocks have outperformed in this era of fang and isn't that what we've seen >> you tend to have this concentration in really crowded positions. for me, if i look at the market and the last three days i come into the office and i see the market trade up by the end of the day everything is faded and that is terrible price action in the relatively short term. add in all of the news that we got today and we'll broaden this out and there are some problems. >> we had an aggressive move. >> what i'm saying is that people should give a little bit back and to mr. tepper's point, when you look at the xlk and look at the tech in etf, you've had a terrible month and you've had the rip roaring rally that we've had and there have been other sectors that we have had the defensive names and the utilities names and the real estate names and those names have done heavy lifting. >> are we degree mr. and mrs. on the desk i want to get this down. >> if i say david it's the wrong name >> since we're talking tech and weakness there, and there's no rec

netflix is the most controversial, the fang stocks because the valuation is really excessive, in ourtandpoint 100 times forward earnings 70 times ebita the market knows that they have a first mover advantage in streaming, but it's really discounting very high future cash flows we know all the competition coming to market at&t, time warner, disney, apple, amazon. i mean, there are a lot of players. yes, i guess the share is big enough where you could have multiple subscription services, but netflix is the one model there where they have to continue to buy their original content. they don't have the library. so you know, we know that they're burning through $2 billion to $3 billion in free cash flow. the moment that stops is when i think ironically is when the valuation comes flying out of the stock. >> yeah, i mean, obviously, there's a number of subscribers at which the netflix model works. nobody quite knows what that is and what the value of the head start is we'll see the market try to sort that out thank you very much. for more trading nation, head to our website or follow us on

fang on fire facebook and netflix, big techs and big worries behind them? the traders will weigh in plus the hot ipo market is getting hotter and one wall street strategist says if history is any indication, all of the fury can be a sign of the top and he'll explain. later, infamous tweeter and elon musk just said he is deleting his twitter account and the stock was soaring today. is musk's sporadic behavior on twitter over we've got the details. ua, w rke live from times sqreneyo city. much more "fast money" right after thisk exchan every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪ through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. >>> there's a reason we