gerri willis from the new york stock exchange. edward lawrence reporting live. >> in about 90 minutes, the chinese delegation will start dealing. that leaves nine hours to get the chinese to pause the tariffs on $200 billion in imports. the president received a personal letter from xi jinping. listen. >> i did get a letter. let's work together. let's see if we can get something done. but they renegotiated the deal. whether it's -- they took many parts of the deal and renegotiated. you can't do that. >> the president saying that paperwork is starting now to put tariffs, 25% tariffs on everything china imports to the u.s. the stuff you buy from china will be more expensive friday on $200 billion of items. that includes strawberries to rafts, parking meters. 6,000 items under that. companies that you might see changing their supply chain, moving manufacturing out of china and into other countries like vietnam to avoid the tariffs that could cause a global slow down to continue and a slow down here in the united states. the president

liz: gerri willis at the big board. thank you so much.atest on democrat's push to bury the president in avalanche of never-ending anti-trump probes. we're waiting to hear from a federal judge weighing today whether the president's personal accounting firm has to turn over president trump's financial records to the house oversight committee. democrats are really looking for with these investigations is impeachment without impeachment. that could backfire with voters potentially. impeachment light people are calling it. here's the thing, robert mueller has real gravitas. democrats want robert mueller to testify. it would be dramatic and damaging tv spectacle. that could slam president trump's approval ratings. that is the gameplan so he doesn't get reelected. let's bring in a ranking member of the financial services, north carolina congressman patrick henry. great to see you, sir. >> great to see you, liz. liz: what is your reaction? did we get it wrong? >> you're spot on. this is about trump obsession, democrats on capitol hill and democra

let's spin it forward to gerri willis live from the new york stock exchange.erformers. >> dow leaders and laggards. tell a story of the market. two obsession, china, and it is earnings. start with the positive stories earnings. cisco, travelers, coca-cola. all doing well. why? because of earnings. cisco had outstanding earnings report. they say they're not being hurt by china tariffs. they say they raised prices and they're also not producing manufacturing in china. that is why they're doing so well. travelers also had strong report. lower catastrophic losses. so big news there. let's go to the losers here. caterpillar, apple, all three stocks, china trade news not good for them. they're all having trouble. apple which is down again today. nomura cut their price target on the stock. a lot going on. a lot to break down. investors trying to decide which do we pay more attention to? should it be trade headlines or earnings news? liz? liz: going with earnings. i'm a business girl. i like going with business. trade is business, obviously. reporter: that's right. co

. >>> let's go to gerri willis on the floor of the new york stock exchange with today's fox business amazing market today. it's a craft beer deal made in heaven. sam adams beer and dogfish head craft brewery announced a $300 million merger deal expected to close near the end of the second quarter. it will be led by the current boston beer ceo dave berwick. the founder and his family will receive around 406,000 shares of the company. shareholders will receive $173 million in cash. >>> business directory service sliding today. look at this, down 13% after missing on first quarter profits and weak guidance. this has caused one analyst to cut its rating to neutral from buy and cut the price target to $42 from $50 per share. the reason behind the downgrade, pricing declining as traffic is increasing. they r they are unsure of the bottom. >>> and news corp, a top performer on the s&p 500 today after reporting a surprise profit after the bell yesterday, thanks to strong growth in its book publishing and subscription video services unit. the harper collins brand saw core earnings rise 29% la

ashley: indeed, gerri willis thank you. susan: lyft still down 23% from its debut. let's bring in the market panel. carol roth, former investment banker, jack hough, "barron's" senior editor. start with you, carol. we had lifting of steel and aluminum tariffs off of canada. some say the final third dell getting the usmca through? >> potentially could have. we have a lot of politics, much like with trade, with "brady brunch" it is marcia, marcia, marcia, with trade it is china, china, china. i don't know the difference between the nafta and the usmca is that great to move the market. overhang from china is much more of an overhang for investors. a little bit of a turnaround when we heard about that but not enough to make up the key difference. melissa: jack, is it china, china, china? >> i agree with that. much bigger effect. we'll quantity -- quantify here. jpmorgan says five bucks in earnings with tariffs coming off s&p 500 earnings. we're at about 167. take five away from 167. worst-case scenario if trade talks fall apart, $9 cost on earnings. it is not the end of

elizabeth: gerri willis thank you. >> coming up, much of midwest could blaines and south battered by 500 tornadoes in last month. america's heartland got rocked with devastating weather, more tornado, storms and flooding. and looks like russia has been conducting secret low yield nuclear test to upgrade nuclear weaponsar arsenal. that story next. i switched to liberty mutual, because they let me customize my insurance. and as a fitness junkie, i customize everything, like my bike, and my calves. liberty mutual customizes your car insurance, so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ back then, we checked our zero times a day. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed! but ocuvite has vital nutrients to help protect them. ocuvite. eye nutrition for today. the nation's largest senior-living referral service. for the past five years, i've spoken with hundreds of families and visited senior-care communities around the country. and i've got to tell you, today's senior-living c

gerri willis with the markets. first john roberts at the white house. >> the markets at first blush do see to be a little more optimistic about what the president said today and yesterday regarding tried with china and whether or not there will be a prolonged war or a deal. the president pointed out maybe down playing the situation a little bit, calling it a little squabble. still confident that the united states and china will be able to reach a new trade deal that will be beneficial to the united states. listen here. >> we have a very good dialogue. we have a dialogue going. we had a deal that was very close and they broke it. they really did. >> what the president is talking ant there, two weeks ago looked like the u.s. and china were close to a deal. when robert lighthizer and steve mnuchin went to beijing to meet with the deputy premier, they were told that china changed their mind on a number of core issues, including binding legal language and intellectual theft. and the chinese media called president trump

let's get to gerri willis at the new york stock exchange. gerri? reporter: blake, that's right. it is a selloff into the close, the dow down 232 points. nasdaq down 29, leading the dow lower, proctor & gamble, goldman sachs, unitedhealthcare, home depot. they were responsible for half of the dow selloff today. it was a flight to safety as investors focused on worries about trade on a global economic meltdown. they sent 10-year bond yields to the lowest levels in 19 months. however u.s. consumers were pretty optimistic out there. the conference board consumer confidence index coming in higher than expected at 134.1. good news for consumers out there, but i have to tell you, overall, concern down here about what is going on with the economy and with trade. blake, back to you. blake: not the way you want to see the week start off, gerri willis at new york stock exchange. thanks. fiat chrysler proposing a merger with renault, a deal that could make them the world's third largest automaker should it go through. in sheer size that would make them bigger than general motors. there is a

cheryl: gerri willis, thank you. roaring first half, best year-to-date performance since 1987.chasing dreams? today's closer says stop chasing momentum stocks. look at names that have fallen out of favor. david dietze, point view wealth management. if i'm not chasing big names what should i look at, david? >> we like the financials here. financials are behind the eight ball because of the flattening of the yield curve. they are desperate for higher rates so they can get more for their loans. we think going what we think is the best franchise in america, which is wells fargo. cheryl: got it up there. wells fargo, cvs health, mckesson. >> this stock is down 30% from where it was january last year. offering 4% dividend. is it quality? yes. they have some of the biggest deposit gatherers in the country with low interest rate deposits. plus of course they have stayed away from the capital markets business which is very volatile. what is the catalyst? just naming a ceo. that people can identify. you get the right ceo. the stock goes up 10% in a day. while you wait. 4%. cheryl: gettin

gerri willis has the latest from the new york stock exchange.eporter: the dow down 138 points, the sm s&p down a little bit, what a few hours can make. the dow is 450 points. the president came down with, saint trade could be solved, we might get a deal, all eyes on the big 12:01 a.m. deadline. it could be hired tariffs on $200 billion of chinese goods. a real doubling to 25% on these goods. so everyone is watching that, could it be solved, we don't know, it will impact training tomorrow. in the meantime, we have news corporately, these are the earnings for the wall street journal, new york post and times of london, actual report of 4 cents a share against an estimate of zero five. in revenue coming in at 2.466 billion versus 2.61. improvement on the bottom line, revenue is a bit of a mess here. wall street journal reported digital subscribers of 90% still revenues down. david: going to be a big one tomorrow, jerry, thank you again. uber is set to go public and we are getting a better idea of where my begin trading. susan lee is here with the de

gerri willis reporting on new york stock exchange. edward, start with you. what do you have? reporter: vice minister of foreign affairs calling what the u.s. is doing naked economic terrorism. commerce ministry is saying u.s. is trying to bully into a trade deal. he says china will not give in. hardening of tone coming from china, u.s. posturing, since u.s. trade representative robert lighthizer that china backtracked on almost every concession they agreed to. two federal reserve presidents says companies are heading back to capital investment how trade dispute plays out. ceo of walt disney says it will work itself out. >> so far we're seeing nothing. long term i might have concerns what happens with trade. i'm not losing slope over it. as i look ahead, think about things i should be worried about, things i should focus on, that would be one of them. reporter: chinese tariffs upping 5%, from some cases 10 to 25%. president trump is prepared to put everything china imports under a 25% tariff. >> china would love to make a deal with us. we had a deal and they probe the deal. i

team coverage of it all, gerri willis on floor of new york stock exchange. blake burman is at the white house. let's start with edward lawrence at the justice department following the appearance by robert mueller. reporter: connell now, former special counsel robert mueller laid out how the russians tried to manipulate our elections during the 2016 elections. he also went through why he charged so many people with lying to federal investigators. saying this kind of investigation is vital, that you have truthful, accurate information. he then said in no uncertain terms there was no collusion by anyone in the administration with russians. mueller was close cleared about obstruction. if he was confident that president did not commit a crime he would have said so but department of justice policy prevented him from looking into a crime. >> longstanding department policy, a president cannot be charged with a federal crime while he is in office. that is unconstitutional. even if the charge is kept under seal and hidden from public view, that too is prohibited. repo

i want to go back to gerri willis on floor of the new york stock exchange. ier in the show? >> sure has gotten worse. i'm talking to traders what is going on. why do we keep going down? a lot of this move is on light volume. buyers are on strike. they're not around. as it drifts lower no one can catch the falling knife. it continues to fall. volatility index is highest since january 23rd. dow and s&p on pace for their biggest drop since january 23rd of this year. interestingly here i think, charles, jpmorgan, bank of america, two big cap bank stocks down and down hard. bank of america down 2.1%. what is going on here? people are really worried about china, china, china and it is starting to affect all sectors, pardon me. no s&p sector in the positive here. you can see all the bank stocks right there, all down all the s&p 500 sectors lower. tech got hit earlier today and hard. we saw the soxx index, semiconductor is, chip index it has been weak, anemic. we're seeing reversal of sent in. you will have to see on friday if we get a stable says out there. charles:

heheedward lawrence at nation's capital, gerri willis on the floor. new york stock exchange and we start with you. >> unemployment rate of 3.6%, when boeing 747 jumbo jet made the first passenger flight with 191 people on board. that is december 1969. 263,000 jobs created in april. in that adding 33,000 jobs in construction. more than 250 construction jobs in the last 12 months, meaning we're building things again. wage growth at 3.2% over the last 12 months. analysts believe this shows no real inflation pressure, signaling the federal reserve might keep rates where they are. the president glowing. >> the companies are doing really well. we have the lowest unemployment rates for different groups of people, whether it is african-american, asian, hispanic, hispanic just set another all-time record for how unemployment. the household income is the highest it has ever been. reporter: democrats trying to find criticism. house speak he nancy pelosi says the april jobs report numbers show some promising news yet these gains hide the true weight of economic u

let's get to gerri willis with more on tesla. reporter: connell, that's right. investors and analysts on wall street both like the news that tesla is looking to raise $2.3 billion in a stock and bond sale. the stock was higher by about 4%. 4.3%. the earnings this week were disappoints. people worried about it. worried about raising capital. the wedbush analyst called the move to raise money a good move. another company we're looking at, went public on nasdaq. ticker bynd. the b-shares just took off. they opened at 46. they closed at 65.75. that is 163% gain. the company has no earnings. thank you very much. it has market value of 3.5 billion. doesn't get better than that in the u.s. of a. melissa: seriously. reporter: i'm told their food is good. we had a secret source said the burgers are you a some. check on google, worth noting the stock is down three days in a row after disappointing earnings. ad revenues disappointing. more than $70 billion in market cap has been wiped out in google over the last few days. the stock continues lower as you can see. back to y

gerri willis at the new york stock exchange with the latest on this. reporter: that's right.hat is exactly what we have, the dow down five weeks arrow. that is the longest losing streak in eight years. this is tough week, with the s&p and nasdaq down three weeks in a row. oil, interesting story, we've been following on pace for the worst week of the year. what is going on? they are hit by fears of a supply glut, too much oil, bringing prices down, slowing growth internationally an demand for oil going forward. boeing, another stock, two week high after approval for the 737 max jets to fly by late june. that is what regulators are saying. individual airlines have something very different to say. united airlines said as a matter of fact they will not put them back up in the air until early august. interesting story today. lots more questions after semiconductor manufacturing international, a shanghai-based chip stock, went for voluntary delisting on the new york stock exchange right here. they were listed with american depository shares. they are delisting those. they said that

gerri willis is live at the new york stocks exchange. >> hi, shep. that's right.e had a 182-point fall on those comments that you've been talking about all hour. traders down here muling this, thinking about the comments, figuring out what they mean. this is against the backdrop of a very nervous market. the dow opened in a four-month low. traded down further from that. we're off session lows as you said. but i spoke to one trader from meridian equity partners and what they thinks about this conversation over impeachment means and what it means to the markets if there was an impeachment. listen. >> that's something that the market wouldn't sustain that would take a long time, a lot of time and effort and a lot of attention. our attention would be so shifted to that and would get away from the basic fundamentals of our economy and markets. >> so you hear it there from john. markets would not be able to sustain. that answer surprised even me how negative he thinks it would be for the markets and take their eye off of the earnings, economy ball and place it squarely

jackie: from washington to wall street, gerri willis on floor of the new york stock exchange. edward lawrence at white house. we start with edward. reporter: jackie, saying we are not ready yet for a trade deal with china. he made comments talking with the prime minister of japan. with japan he put acceleration, accelerator on the discussions there. but with china seems we have brakes on. listen. >> they probably wish they made the deal they had on the table before they tried to renegotiate it. they would like to make a deal. we're not ready to make a deal. we're taking in tens of millions of dollars of tariffs. and that number could go up very substantially, very easily. reporter: tariffs on $200 billion of items went up to 25% on may 10th. companies that ship from china on may 9th may not pay the tariffs. the last round of those shipments docking this week. takes 14 to 21 days to make a journey to china from the united states. 21 days is this thursday. truly after thursday. about every company that imports to the u.s. will have a decision to make. to absorb the increased tar

go to gerri willis on the floor of the new york stock exchange. gerri what are you hearing from traders today? reporter: i got to tell you i was interested in the late-day turn around. we were down as much as 648 points, closing 472 points down. that qualifies as a turnaround. a trader ran up to me did you see southwest just raised fares? that turned around transports. that is what is going on with the dow. the announcement by south weighs airlines they're racing fares. good impact on the transports. good impact on the market. coming at 3:41 i din think it was noticed by a lot of people. the big story traders are talking about all day long, the possible lack of agreement here on china trade. it is really hitting those companies that do a lot of trade with china very hard indeed. take a look at boeing here. that stock has been suffering. barclays downgrading the stock from to 367 from 417. they showed a survey that flyers are likely to avoid 737 max planes for an extended period of time. apple falling for the same reasons on china trade worries. dep

gerri willis. we're going to keep an eye on -- we keep our ticker up during the commercial break.e need to watch this. as i mentioned, heading back down to session lows. closing bell 18 minutes away. another reason to stay tuned, charlie gasparino still in beverly hills at a conference. this time he's talking to former house speaker eric cantor about president trump's continuous pressure on the federal reserve. charlie will break that in just moments. and we are just two days away now from our annual visit to omaha, nebraska. we're spending the weekend with warren. warren buffett at berkshire hathaway and its annual shareholder meeting which is like wood stock for capitalists. we will walk the floor with the oracle of omaha, and we will ask him about the fed, the economy, even what he plans to do with his 1 billion dollars plus pile of dry cash. it all gets underway friday. we will be live right there, from omaha, and we've got nebraska governor, and the executive chair of home services of america, the largest real estate, residential real estate company in america, and the one, t

gerri willis reporting live at the new york stock exchange. timing is everything. >> hi, shep.ht we were going to break. here's the big thing. you said they were a disappointment when they came out. we thought we would have a $45 opening trade. it was $42. that's exactly what traders down here don't want to see. i was in that scrum of traders for two hours and 20 minutes as they tried to bring together the buyers and the sellers and come up with a price for this stock. it was a nail-biter. the dow was down 340 points. as the dow went down, so did these offers to buy uber shares. so it was a nail biter. traders were anxious, nervous. but now the dow is up 57. so anything can happen on the floor of the new york stock exchange. >> shepard: and uber is down 7%. if you believe in the business model, stay with it. otherwise, get rid of it. coming up, popular beaches are dealing with a stinky mess and making the ocean breeze more like rotten eggs. a global shortage of helium. and that could affect lots more than balloons. how helium helps doctors every day. or new colossal shrimp & sa

the fox business network's gerri willis is live at the new york stock exchange. >> the dow up 195 pointss&p up 26. they like this report down here and for several reasons. first of all, a lot of people got hired. 263,000. understand that the experts, the economists got it wrong. their expectation was up 185,000 jobs gained. you don't have to think about worries about inflation on this. normally when employment markets get tight, you have to worry about wages popping higher, inflation going through the economy. the average hourly earnings came in 3.2%. right in line with expectations. let's take a look at the jobs here. i think it's interesting to see who is getting jobs and who is not getting jobs, this is computer systems design. 76,000 jobs in business services created. construction, 33,000 jobs. in only real losers, retail. you know what is going on in brick and mortar stores. they're having a heck of time staying in business. with amazon, online shopping, you're seeing it play out. overall a good news story. think about it. 3.6%. most americans a lot of americans wouldn't remember th

gerri willis has more at the big board. gerri? >> liz, stocks closing lower today, and this on news of a big sell-off in oil. the dow down 122 points. all three major averages down, but off session lows, that's the good news. oil plunged 4.1% throughout the day on oversupply fears, and the u.s. considering bolstering sanctions on iranian oil. the energy sector tumbled and all commodity stocks were lower. crude closed at $61.65 a barrel. the other big news of the day, steve moore withdrawing from contention for a seat on the federal reserve board. moore said today that he disagrees with trump on rate cuts. he says, he doesn't see the case for it right now, and he said also that that was not his reason for withdrawing for consideration. powell's comments on wednesday, j powell's the head of the federal reserve seemed to solidify the no rate cut view. back to you. liz: thank you. >>> venezuelan human rights groups say four are now dead. 230 injured. 205 detained after two days of violent street protests against communist dictator nic

gerri willis is at the new york stock exchange with what investors are focusing on.r: that's right. we are in a snap-back rally. the very stocks that led the way lower yesterday, higher today. the dow making up about half the ground we lost, 617 points, we are right on the cusp of 300 points higher. here's what's going on. the trade-sensitive stocks we talk so much about, caterpillar, boeing, united technologies, apple, all these stocks doing better today. as investors and traders really reconsider what's going on. the being move came on the president's comments. he said today the dispute with china was little more than a squabble and a deal can still happen. that's what traders focused on today as they listed these stocks higher. sectors leading the way, infotech doing much better as we see companies like apple, again, microsoft, amazon, all higher. one sector that you might not have focused on but is critically important to the overall tech climate, that would be the stocks like intel, chip stocks, these stocks are higher. intel, qualcomm, skyworks, micro, all doin

gerri willis from the floor of the new york stock exchange. gerri: that's correct.liation be in the future of mark zuckerberg and his old rival, the winkleros twins? they met to discuss social media companies' planned digital coin. facebook looking to create its own digital currency to facilitate payments through its whatsapp and instagram. gemini trust began trading in 2015. >>> the release of samsung's galaxy fold remains in limbo. best buy announcing it is canceling all of its preorders for the nearly $2,000 foldable phone. the electronics retailer informed customers via e-mail of the cancellation, blaming samsung's lack of a new release date for the much-hyped phone. one analyst says amazon has the potential to rise more than 60% over the next 36 months. he said amazon will reach $3,000 between mid-2021 and mid-2022, giving the e-commerce giant a $1.48 trillion market cap. right now, it's a $2,000 price target on the stock. shares are up about a third of a percent. >>> up next, liz talks to a high end audio equipment ceo on what the next round of tariffs means f

gerri willis is there. >> there is broad market selloff on trade and growth concerns as investors move to safe havens. worst-performing sector on energy, on 5% pullback in u.s. crude oil due to worries about the china-u.s. trade spat will cool the global economy and demand for the commodity. the s&p energy sector was down 2.9%. that is the worst performer of the day. big tech names as trade worries hurt companies with big sales in china. apple, netflix, microsoft, cisco, all down 1% or more. as we reported this morning, apple down this morning after ubs cut iphone forecasts citing weakest china demand on record for the product. down 6% from october. 5% from a year ago. analyst tim curry wrote this, nationalistic movement against apple by chinese consumers could impact iphone sales. meanwhile the treasury yields falling to the lowest level since 2017 as investors seek safety. yields falling to 2.32% as you see right there. gold prices up .8 of a percent. back to you, neil. neil: thank you very much, gerri. to put that in con frequents what is happening, for example, with interest rates,

gerri willis with the response to that at the new york stock exchange.rban development secretary ben carson on all the cross-currents in d.c. first to hillary vaughn on the president's trade comments. hey, hillary. reporter: president trump hinting that a huawei crackdown could be a part of trade negotiations with china. >> huawei is something that's very dangerous. you look at what they've done from a security standpoint, from a military standpoint, it's very dangerous. so it's possible that huawei even would be included in some kind of a trade deal. reporter: that is a change in tune from what the administration signaled in january, when treasury secretary steven mnuchin told maria bartiromo that huawei and trade would be two entirely separate conversations with china. but now the president is signaling that he might consider lumping in a tech crackdown with trade tensions as part of this discussion with china. china's foreign ministry of foreign affairs spokesperson reacting to the president's comments yesterday, saying quote, certain u.s. politicians

gerri willis at nyse with more on that? reporter: neil, it is all about consumer sentiment out, university of michigan consumer sentiment index is out at a 15-year high. nobody saw this coming. economists didn't see it coming. more importantly on the legals of retail sales number which was so disappointing t was negative, down .2 of a percent. expectation was that it would be positive. so this is really a shot in the arm to the market looking for direction as you said at the top of the show. but to hillary's point, yes, china, still a steady downbeat here. steady drumbeat for traders who want to hear every piece of news on this we saw china's marketdown overnight. shanghai composite was down 2.5%. some traders telling me today that they see it as a positive they don't expect trump and xi xinping to get together for a month. according to what he said to me, hey, we've got 30 days to play with this. but i have to tell you, they are focused on this stimulus china is talking about. countries are already lowered taxes increased

gerri willis at new york stock exchange. blake burman live from the white house following the president's immigration speech. edward lawrence in d.c., and hillary vaughn is on capitol hill. let's throw it over to gerri first. gerri? reporter: it was all about walmart today. all eyes on walmart. the company reported a terrific earnings report. revenue was a little light against expectations but eps beat big time. two numbers that investors were really obsessed with today. one was same-store sales, up 3.4%. that is the best performance for the first quarter in nine years. e-commerce sales were up 37%. some folks were saying last quarter it was up 43% but a lot of people taking a lot of positive news from that 37% number. i do want to say the company says prices for shoppers will rise due to higher tariffs going forward. they are working on mitigation strategies. but to dig into the online sales figures for a second, walmart some say taking share from amazon especially in online grocerieses. sales doubled in online groceries. if

barry willis -- gerri willis has more. >> a good day in the markets dow up 197 points the s&p up 24 the nasdaq up 83. early in the day all about trade as investors focused on a 90-day trade on huawei. that helps the markets but then the focus went to retail and urban outfitters with results. the company announcing a rent the runway style product that people need to be excited about. when he came to other retailers reporting today a mixed bag. kohl's and jcpenney out with big disappointments blaming china and trade for their troubles. t.j. maxx and home depot didn't seem to have that trouble. at upside surprises. 170 shoe retailers writing a letter to donald -- donald trump asking for hauled in the increase in tariffs on china's footwear. they say it will hurt their businesses and in a report by uvs on the same topic analyst saying tariffs on chinese goods could lead to widespread store closures putting at risk $40 billion in sales. focus on retail focus on technology trade a busy day down here liz. liz: thank you. coming up rescues now underway after devastating tornadoes and historic f

gerri willis is a the new york stock exchange. go ahead. reporter: it has been a mixed bag on retailers. let's start with kohl's. a nice beat, i'm sorry, a disappoint on the bottom line, 51 cents a year versus 68 but revenue was better. the ceo telling investors the year started off more slowly than we would like. we're seeing comments on tariffs from retailers. they said tariffs could have impact on future results. jcpenney, double miss for that stock. as you can see the stock down now trading at $1.07. 46 cents a share, versus 38 cents a share, a loss. so very disappointing there. same-store sales down 5.5%. ceo telling investors this, we anticipate a more meaningful impact on private and national brands if the fourth quarter tranche of tariffs goes into effect on chinese imports. there is the china effect. on the other side tj maxx beating top and bottom line. doing well with all of their brands. t.j., max, marshall's home goods. they're raising revenue. saying the treasure hunt shopping experience what people like out there. home depot

gerri willis on the floor of the new york stock exchange with more on that. reporter: connell, that's right. a good day for the ride-hailing app companies. uber up handily, up 7.7%, its first positive day since its disappointing ipo on friday, still, still not above the offer price of $45. lyft the same experience here, also higher. we're seeing a pretty good bump for the stock as well as you can see right here, still not over the offer price. the companies better, struggling a bit, disappointing investors as we wait and watch. bayer, shares hitting intraday low, down dramatically, lowest level in seven years on a two billion dollar jury award to a california couple in that runup weed killer cancer issue. -- roundup weed killer cancer issue. connell: thank you, gerri. melissa: not backing down, former vice president joe biden dismissing china's threat to the u.s. again. what his controversial claim could mean for the democratic candidate in the 2020 race. >>> plus two of congress's loudest democratic socialists are teaming up to take on credit card companies.

gerri willis is there, get her read what the buzz down there, gerri? reporter: charles, this is fascinating because i went all over the floor here for you talking to all kinds of traders about interest rates, about the fed, what they had to say today. they like the fact that the fed said inflation will decline. it will remain patient. that is all good news to people here but i have to tell you what they really liked is that the fed is saying that the economy is in a solid place, it is growing, that means with inflation at 1.6% they can afford to let the economy run a little hot. the last thing these people want to see down here is any kind of rate hike. the assumption in the marketplace we would get a rate cut by the end of the year. that question is up in the air with some of the recent economic performance we've had. for right now people feel like we're in a good place with the fed. they like what they heard. will talk to you briefly about apple as well. this is fascinating because this wasn't an eps report that people were excited about necessarily.

let's go to gerri willis with the numbers. >> connell, that's right. cisco is out, network equipment-maker they are beating on top and bottom line. eps coming in at 78 cents a share adjusted. expectations of 77-cent. revenue as you can see here higher as well. of the we get a little bit of a beat at 12.96 billion. this was expected. analysts say we'll have a very good quarter. they saw that coming. we're combing the release. looking for comments on china. last quarter the company said they didn't expect big impact from china. to be curious if they talk about this again. also they are making their transformation into a services business, a la microsoft, very successfully indeed. service sales were up for the quarter. so boot line here cisco doing very well. beating on both the top and bottom line. eps coming in at 77-cent. 78 cents a share. versus 77 the expectations. back to you. connell: gerri, thanks. stock up 3%. good stuff from cisco. melissa: we are also right now, give you a little bit of breaking news as we go out to break, we're hearing in a st

gerri willis is at the big board with more. >> it was trade tensions really driving the markets loweroday. the dow finishing off 286 points lower m. the s&p down 34. the nasdaq had worst performance down 122 points or 1.6%. amazon google netflix all lower. i want to mention apple. a study showing that iphone forecasts are probably going to bring those lower. why? because of what they termed possibly a nationalistic movement against apple by china which could impact sales. downward pressure there. they are starting to call it a tech cold war. meanwhile energy stocks down as well, all 29 points in the s&p 500 energy sector finishing down. as we start to think that possibly this war between china and the u.s. will result in lower global growth and lower demand for commodities, i want to mention one positive thing here. the dow did rally at the end of the day, coming up about 160 points, good news, possibly lifting the market tomorrow. back to you. elizabeth: thank you, gerri. coming up iran's war rhetoric ratcheting up, iran's president saying it quote won't surrender even if it's bombed

gerri willis is on the floor of the new york stock exchange. port port melissa, jittery, traders telling me what the trading is like. to go over the numbers, dow, s&p 500 and nasdaq on track for the worst week of the year, specifically since the weekending december 21st. you see the chart right there. that is when they tumbled more than 7%. s&p, nasdaq, on pace for longest losing streak since march. four down days here. this would be the longest streak in two months, since five days losing ending march 8th. we've had a long string of down days. s&p 500 and nasdaq on pace for the worst week since december 21st. melissa: gerri, thank you. connell: craig allen is with us, president of the u.s.-china business council, former u.s. representative to brunei and former undersecretary to the in the department of commerce. there are all the titles. craig, good to have you, especially today. we're not trying to figure out necessarily what happens, if something happens what would we do? you have clients associated with trade, boeing, 3m, gm, on and on, exx

gerri willis on the floor of the new york stock exchange. it's a big one.ttom line 77 cents a share. that would be 17.3% increase year-over-year. revenue estimate 8.9 billion with a "b.." analysts expect a good number. the stock is up all day long. two things to watch out for comments about china. not seeing a big impact from the china controversy on trade. also keep an eye on i.t. spending, what it will be like going forward. but understand we're expecting good things. this company transitioning to services like microsoft did very successfully not too long ago. liz: looking at cisco. i like to look at the company. we see it is nice up 20% year-to-date. up 14% year-over-year, thank you, gerri, very much. >>> two, 3 1/2 minutes before the closing bell rings, while some analysts calling for a second half slump jpmorgan still running with the bulls. the big bank remaining confident thanks to first-quarter earnings looking much better than originally expected. i told you that, right. lower interest rates, chee money, great unemployment numbers and very cheap hi

let's get right to gerri willis at the big board with more. >> it was a great day on the markets todaythe dow ending up 214 points. the s&p 500 up 25. the nasdaq up 76. investors really focused on u.s. corporate earnings. we have been talking a lot about china, tariffs, not today. it was about the bottom line eps. meanwhile, boeing, late in the day, saying it's completed the software fix for the 737 max along with simulator testing. i should note here, the faa says it has not received this information yet, but we'll be watching for that. finally, cisco really leading the dow all day long. they had a double beat last night. people focusing on that report because the company really discounted what was going on in china. that stock soaring today. liz back to you. elizabeth: thank you very much. coming up, tensions continuing to escalate between the u.s. and iran. president trump however now saying he does not want war with iran. that's according to the new york times. what are the next steps? but first the majority of new yorkers now saying don't do it. don't run new york city mayor de bl

gerri willis. i want to ask you guys a question, how many of you drive your kids to school? i do.ll my kids want to do is put in the air pods, listen to halsey. todayty forced them to listen to my everyone talks to liz. they were blown away by the debut story of the man who had a near-death experience during a drug overdose and then picked himself up, aimed high and is now a multimillionaire businessman telling us his story. i would love for you to subscribe. listen and rate everybody talks to liz. it is available on fox news podcasts.com. it's also on apple podcasts. i'm hearing from people who are listening in the car, they're on the treadmill they're listening, they're walking their dog, rushing to meetings. we drop a new one every wednesday from now on, and i promise they will be life-changing stories. everyone talks to liz layman, download the first -- liz claman. download the first episode right now. >>> bezos plus berkshire equals two happy campers at this hour. warn buffett was sure to tell the throngs of shareholders at the berkshire hathaway annual meeting this month tha

we will go to gerri willis on the floor of the new york stock exchange. gerri: so let's take a look at lyft. they were down 3.3% today. they are down 30% since they went public two weeks ago. here's what we're looking at earnings after the close. revenue of $739.36 million, that is the preview for lyft. again, a loss of $1.81 on the bottom line. everything lyft says affects uber which is coming public on friday. we've got, believe it or not, the day before lyft comes on friday, on thursday, we've got six stocks coming public on nasdaq. let's get back to lyft. investors are looking a number of metrics. gross bookings as a percentage of total revenue. expect that to be down. they are also looking for active riders, trips logged and take rates so there are a number of metrics we will be looking at for uber, all of those important. they will also be important for the ipo. either way, this is going to perk up the ears of uber investors, as i say. you see the estimates right here. what is going to happen with lyft? we are only moments away from knowing that. ag

that is down 30%, gerri willis, wow! >> amazing stat down 29%. down 30%.anada goose, is getting cooked today. revenue growth slower than anticipated. and they're guiding lower. forecast lower sales growth the next three years. investors not patient with this. we'll sell it off. this is not the kind of market you want to a bad earnings report. they take you out and shoot you, ask questions later. eps estimates six sent sense a share. in a different kind of market maybe some of this would have been ignored. not today. broader market selling off, the dow down 236 points as traders here really considering a range of issues. everything from trade, which canada goose is a part of to what is going on in washington and talk about impeachment. canada goose with a very bad report. you're seeing the impact. back to you. liz: i need to know about the mood down there. we have had such a interesting day of swings. all been down today, since the open, gerri. robert mueller came out to speak for the first, what he says is the last time. stock market gyrated on that. just

let's go to gerri willis from the floor of the new york stock exchange. >> connell. there is trouble in techland. google's second day of poor performance. they lost 60 billion in market cap after reporting the slowest quarterly revenue growth in three years. 90% of the company's revenues. worst single day selloff in seven years for the company. lyft also lower today. we'll show you that stock price as well. it is down from an all-time high of get this, $88.60 as i looked at it, 58.75. the company today lost a lawsuit challenging new york city's minimum wage for drivers at 1.22 dollars. lyft says formula they use to calculate is unfair which uber is big rival. it comes public friday. that is a big deal and biggest ipo in year and some time. it is said to be oversubscribed. this company had to change its early valuation t was originally 120 billion. now down to 80, to 91.5 billion that is. why? all you have to do is look at lyft shares. lyft shares lower. back to you. connell: thank you, gerri. terrific work out of a reuters crew on the ground giving us live pictures f

. >> bill: gerri willis at the new york stock exchange. what are you hearing?ders and investors are jittery this morning are the word they're using. the dow down 191 points. s&p down 22. all eyes on the president from last night. exactly what people were mentioning to me this morning. they broke the deal. the big issue down here china, china, china. 12:01 a m we'll find out what's going on and watch futures at 9:00 p.m. tonight as the markets in asia start to open up we'll see what's going on in china. now, what are the stakes here? let's talk about that. you have the s&p 500 on a three-day losing streak down 2.6% from its high. 2.2% over the past three days. the dow was margin alley. it's a big part of some businesses. caterpillar down 1 1/2. apple down 1 1/2. it really matters to these companies. uber coming public tomorrow so there will be a lot going on. anything could happen tomorrow. uber the biggest ipo in five years. >> bill: a lot to watch today. thank you for that. gerri willis there on the tlaor. >> the president stated his administration will oppose

first-quarter earnings gerri willis. >> that is right, he decision for kellogg coming in 1.01 beat ontly higher here, dow inc details here the big headlined they are guiding lower on revenue, for the current quarter, below the estimates of 12.55 from charlie brady to 11.2 to 11.5 billion. >> eps complicated included in dow dupont report, earnings in operations down 24% according to a beat a double beat revenue also higher, and under armour double beat as well coming in nickell a share versus -- a revenue beat as well raising profit forecast not full year citing sneakers international markets good fields cva later estimate 1.34 dagen my friend back to you dagen: thank you so much gerri willis inordinatelying inordinatelying coming up race to the white house, joe biden saying china is not competition for us. willful blindness fallout trade talks pick up next week plus recall alert starbucks calling back french press following reports users were injured everything i ne-- you need to know next. rocking -- you got the radio on singing every song on cruise control ♪ so with xfinity mobile i

dagen: thank you so much gerri willis on the floor at new york stock exchange, lisa, i asked when gerriy watching the about fixed income market up you two bases point 2.57% on 10-year yield kind of that is a positive reaction, that is the thing you would want to see you wouldn't want to see, selling there, yields spiked higher. >> absolutely, i think we've got a nice reaction, i think part of that really is the follow on from yesterday where basically what we saw there were already adjustments in those market yield expectations, as people heard what champagne powell hooh chairman powell said watchingings flag ofs whether transitory or not a move yesterday now more normal adjustment where they see economy at least supported by labor market on solid footing, likeing that. >> i think the market this reaction market 10-year yield is telling us, that investors are starting to get used to this environment where the economy is strong, and it is profitability companies are getting better so we are going to move from yaez monetary policy environment, and numbers like this help us do that, help i

20 we've seen 20 or 32 in the past year and a half depending on what we're feeling, let's go to gerri willisfloor of the new york stock exchange. there's a lot of bright spots in the market. right? gerri: well yeah, everybody is looking for that and let's go through several of those you mentioned the utilities, they're higher the best performing stock s of the day and why those big fat yields, national grid has a yield of 6%, the sector up 1.6% and it's almost like bonds, right? so really, gold is higher, that's the safest place to go in the markets they are as volatile today, gold is up about three- quarters as a percent and the treasury yield also reacting on this news, and we're seeing yield of 2.3% on a 10 year, and this is all about fear. this is all about worries about the markets, why? this is the trade talks going nowhere, we have no specific date for the resumption of trade talks and the earnings visibility we have a big worry about what happens to companies if we can't get this together to find some way to talk about trade. we're seeing big, international companies having a very ha

do we have gerri willis at new york stock exchange? let's get down to gerri if we can.hat right, listen this is an important number right now, because of what is going on with china debate over trade, what is going to happen to industrial production, it is critical that we understand that, here we've got a couple of earnings reports, here that i want to get to, one foot locker was a double miss for that company, coming in 1.53 versus .60 cut full year guidance what is going on here well china as i mentioned before, foot locker one of those companies that 170 companies that is signed a letter earlier this week asking president trump, to reconsider tariffs on footwear rippling through entire market issue about tariffs, and production, the group says it will cost consumers additional 7 billion dollars a year one company doing well tesla, the stock is rebounding after a 6 day slide, you remember there was e-mail from the about musk saying producing average could hit production 7,000 cars here week down 41% to date one of the reasons stock was doing so poorly yearly is becau

maria: thank you so much gerri willis on wall street this morning we are turn to the british exit fromwill be published tomorrow formeren m of britain parliament europe pacific capital senior consultant john brown thank you for joining us. >> good morning. >> how does this play out john? >> well, it is basically, the xooebt upset, of course, but, more importantly, 192 -- the committee of the party is really upset, because now prime minister may has shown disdain for the party for brexit, and the for the house of commons has misload all three, so now, population is really upset, and the concerns the party is falling fast in pols members of parliamentary see they may be out of in connection election nothing foefgz mind of members more than threat of losing seats they are angry going to force resignation very near future. >> let me point out bring james freeman in from "the wall street journal" published this article today, the eu new headache skeptics to gain power from within. >> that is right, i think, not just the brexit drama uk but generally across europe you've seen increasingly po

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gerri willis on whether or not possible tariffs are worrying traders. what do you think? s right. friday's close,marks the fourth straight week of losses. the broader markets are on pace for their worst may since 2012. can we come back? that's what you were asking at the beginning. it is a holiday week here, lots of folks are still away. volume today, light. traders say they are largely focused on the rebalancing of the index at the close which means activity will pick up toward the end of the trading day. headlines out of washington, comments from the president still at the forefront of investors' minds. one trader telling us this. it impacts every trade we make from health care to oil to technology. the president's words over the weekend, the tariffs on chinese imports could rise substantially, while not having a big effect on the broader market, still didn't do anything to help those trade-sensitive stocks today. caterpillar, 3m, united tech all trading lower today. the chip makers are also down. intel, microchip, skyworx, as you can see. the american consumer might be