we mentioned netflix, up 9% on the week grasso, are you trading or fading it?> i still would be trading this one. it is up 37% year-to-date. i don't think it is a zero sum gain i don't think it is either netflix or disney. i think it is netflix first, then it is disney, and they're going to make it tougher for anyone else to enter the streaming war, that streaming arena. but i still think you trade this, especially if the market continues to go higher, which i do believe is so. >> i'm going to take a page from tim's book and use this tactical, strategical thing. >> the pond? >> yeah, the pond and different things i would fade it here, only because it is up 9%. i actually think netflix does quite well to steve's point, i don't think it is a zero sum game. i think netflix is one of the subscriptions you cancel last, but it has been trading in a nice range take a little off the table and let them prove it to you. >> although i'm bearish as i mentioned on fade it on the overall market, i agree with steven and brian kelly you trade it i think it is a push towards th

grasso will call me a liar >> mr. grasso, sir >> here's the problem, though. we know they're not raising so are we going to short the market based on the fed not cutting rates? and the answer is no >> 100%. you're a cowboy. the rest of the people aren't going to do it because they got their faces ripped off when we traded from 27.22. >> we're not at 27.22. >> why do you think we ripped so aggressively >> because -- it was because of the fed. if the fed doesn't do what the markets think, then what happens? >> the reason why we ripped so much higher based on the fed was that the marketplace was caught off balance. they were not -- why would they be caught off balance now? they're chasing the cover and they're not going to get their faces ripped off and it's coming whether it's coming in july. >> your face looks pretty good >> thank you, doctor >> you're welcome? >> i would just say this and i would look to look at things like the bull-bear industries and the aaii, and whatever you want to look at and we're not at all-time bullishness and we're certainly a lot cl

marketsite overlooking new york city's times square i'm melissa lee, your traders are brian kelly, grasso and guy adami. the dow up 250 points today because bad news is good news once again and a weak jobs report sparked a flesh cut of euphoria and no deal so far between the u.s. and mexico yet tariffs could go effect as early as monday. with the fed ready to step in as good news, bad news, good news again, and if there's more bad news next week, what does that mean for the markets >> that's the most confusing on. >> i looked over at you and you had this look -- >> so let's walk there. >> good news and there's bad news good news, right? that's the question? >> yes >> we thought good news was good and bad was good and he may be right for the next couple of weeks. i still think it's madness that the fed with the 3.6 unemployment rate with the history of mankind including the president needs to lower rates and that's what the market seems to think and full speed ahead. i will tell you, i've been scared all week and i'm more scared now and the market is telling a clearly story that i want to

tim seymour, steve grasso, dan nathan and guy adami chewy is the latest ipo to go parabolic on the first day of trading and is it a bad sign for the stock? we'll explain and facebook going full crypto called libra next week with a number of big backers. we've got all of the details and we start out with what could be a make or break movie for the rally and the final two and a half trading days and we only do this because you guys hate this song >> name the band >> four days, with the 20% rate cut in june and nearly a 19% in july, as jerome powell pushes for him to cut rates and disappointing data from china and the ten-year lows and is this the perfect recipe for a rate cut what does that mean for the market guy, welcome back. >> thanks, mel it's great to be back. >> you survived the dominican republic >> of all of the crazy places to go, with that said, obscuring the dominican republic in my opinion is the fact that president trump saying they should cut rates and to me it's madness at the highest level i still think the market is pricing in way too dovish the fed and it can only disapp

giddy up >> grasso, lower. >> also lower. >> guy crud oil, we talked about right?or lower. >> denominated in u.s. dollars >> higher! higher >> there you go. >> the outers say higher and the inners say lower why lower? >> could you have scripted a more bullish market? you have iran and venezuela and dirty royal in russia and umpteenth amount of reasons why you should be a bare of it and yet it's collapsed yes, you could have a bit of a pop here and it breaks below 50 and it's 42 next what do you say to grasso about that obviously crude should be significantly higher given what we've seen geopolitically or otherwise and now you have a fed about to torch the u.s. dollar and the u.s. dollar goes lower. >> and they've been saying that about the dollar as the fed has come in and the fed has gotten dovish and the dixie is down 1.5% from multi-year highs just the other day. >> on the dollar side of it, and i think the dollars will stay firm and i think these are safe haven situations and they'll continue to have this weakening data that we just had jonathan gallop talk us

steve grasso is with us for the full hour. just to your point on oil, yesterday we saw the market end higher but off the highs of the day and oil started to sell off during the session the same happened today. oil was higher for most of the session, shoeld off in the last couple of hours and equities have come down with it and we're not down significantly, 22 points on the dow, but it's had an impact. >> slow fade >> coming up, we'll have much more on the big tech crackdown when we're joined by silicon valley congressman rokhanna. where he thinks raiths regulation is necessary. >>> we'll speak with the jpmorgan analyst who sent shares unngoday after he downgraded the stock feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. we like drip coffee, layovers- -and waiting on hold. what we don't like is re

joining us for the hour is steve grasso taken by semis, is is that ahead of micron, g-20? >> i think that it is a bit of both bullard was not bullish. market was expecting one thing, not the other. and micron is after the bell, so people are getting ahead of that people so either earnings or semis, chicken or the egg there, but that took us down. >> something the bears point to, semiconductors are traditionally a tell on the economy and they are not at record highs. i think that they are still in correction >> so if you had to poll everyone now within the marketplace, people are going to err on the side of growth is slowing. can't find anyone that says growth is ratcheting up. so these have been the bull's-eye for growthand they have been your cautionary tale thus far within the marketplace and with g-20 and with china and everything all encompassing. >> microsoft also suffering. ten year back below 2% all factoring into the selloff let's drill into the big stories. we are dom, bob pisani, rick santelli and diana olick, and meg tirrell. and leslie picker has more on why th

times square, i'm tyler mathisen in for melissa lee traders are tim seymour, carter worth, steve grasso and guy adami. i'm calling this the xi 20. >> oh. >> i love it. >> the xi 20. >> love it. >> but the chart master says there's trouble brewing and ubs slicing its market tesla for the third time on the year stocks closing out the best first half of the year in two decades. the s&p up an impressive 17% tech, far and away the best performing sector, up 26%. health care, the worst, up just 7%, trailing the broader market. with trade talks john going and fed cut hope still high, do you stick with what is working guy adami? >> first of all, tyler, tyler matheson. >> it is special. >> he's legend. >> as special as new year's eve. >> it was new year's eve, the last day of trading for the year this is the last day of trading for the quarter. they call me the closer! >> you're doing a great job. >> the closer! >> the ramp up late in the s&p 500. i know steve has been on back of this market is going to rally, and the market has been rallying i don't trust it but i have not trusted for quite som

steven grasso from stuart frankel here for the whole hour. steve, what's your take? >> i think it's all fed. the market cares about one thing. it's fed obviously on day to day they want to be a little bit preoccupied with trade news. but ultimately, if the fed says that they're there to backstop the market by cutting rates or being soft, that's all the market cares about and that will keep the rally going >> just also point out as well, the banks almost a perfect layout for them because we're talking about rate cuts, which is good for the economy, but in fact yields net today are higher you're seeing a steepening of the curve and in general that's playing out for the banks citigroup up 4.5%. >> but you're also seeing a rebound in the trade stocks, a rebound in consumer discretionary. i guess the question is was it just oversold conditions that's leading to a bounce or has the picture changed somewhat >> so i think it was an oversold condition that led to the bounce but as i said before i think the fed is the most important thing. but you look atting financials financ

grasso said the bill will not change hour criminal penalties are used to fight sex ng traffickiof minors. >>> today marks 100 years since the 19th amendment passed giving women the right toeg vote. bning in the 1800s women organized and petitions and picketed to win the right. itould take decades for the cause to reach congress, however. congress passed the amendment on june 4th, 1919 and it would take a year to get it ratified. >>> today also marks 30 years since chinay violentl crushed a pro-democracy protest in tiananmen square as the chinese military stoppedotesters but there is no official death toll. china has gone to gre lengths to erase the memory of that day. the images are illegal there and they're censored for the internet and from chinese history books. many young chinese people don't know what happened. of> the private data of up to 12 million parents uest diagnostics may now be at risk. we're talking about financial,m ical and personal information all compromised. following a data breach. quest diagnostics is one of the largest blood testi providers. and regulators say betw

i did some -- dick grasso was part of the medal of honor society.thing, they go around the country raising money. this is something special. you know these guys, they have done something above and beyond. while everybody deserves, like, kudos for serving, these guys went so far beyond when you hear the stories. pretty amazing. liz: congratulations. i have a medal of honor award tweet that came to me over the weekend that i would like to read to all of you. this is from winslow angus. sorry, liz. leaving your market closing hour show permanently because i can no longer waste that valuable hour on charlie gasparino's sprint/t-mobile merger talk every day. what is going on with this deal, charlie? >> what's his name, winslow? that's a b.s. name. that's a made-up name. why didn't he just call himself dr. evil? dr. evil doesn't like your coverage. winslow. liz: but charlie, charlie ergen and the department of justice, john ledger whose name you keep mispronouncing, when is this deal happening? >> i just want to speak a little bit to windsor out there. li

times square, i'm tyler mathisen in for melissa lee traders are tim seymour, carter worth, steve grassooh. >> i love it. >> the xi 20. >> love it. >> but the chart master says there's trouble brewing and ubs slicin

. >> senator grasso. >> i want to thank you and ranking member manchin for holding this important hearing this morning. this congress, this committee has discussed exciting and innovative ways to cuss climate change. we explored renewable resources and advanced nuclear power and nuclear energy. witnesses have stressed that nuclear energy is an essential part of our clean energy portfolio. if we have any serious and if we are serious about addressing climate change we must be serious about preserving and expanding the use of nuclear energy. cannot do it without nuclear energy. the lack of nuclear waste management program limits the expansion of nuclear power. in may i chaired an environment public works committee hearing on my discussion draft legislation that would compliment and could compliment senator murkowski and senator alexander's nuclear waste legislation. eight states right now have new bans, bans on new nuclear until washington permanently disposes of nuclear waste. communities across the country are struggling to accept new nuclear plants because there's no permanent pathway to

tim seymour, steve grasso, dan nathan and guy adami chewy is the latest ipo to go parabolic on the firstbad sign for the stock? we'll explain and facebook going full crypto called libra next week with a number of big backers. we've got all of the details and we start out with what could be a make or break movie for the rally and the final two and a half trading days and we only do

i'm melissa lee, tonight's traders, tim seymour, brian kelly and steve grasso on the big show tonightbeyond meat bull just backed down she'll be here to explain what has her waving the white flag, plus stocks sitting below record highs and one top strategist says there's a new trump trade and she'll tell us what it is and why it's your best summer bet and we'll start with the facebook fallout, stepping back into a bear market after a report says there are e-mail showing mark zuckerberg knew about the company's privacy problems and this as the

marketsite overlooking new york city's times square i'm melissa lee, your traders are brian kelly, grassothe dow up 250 points today because bad news is good news once again and a weak jobs report sparked a flesh cut of euphoria and no deal so far between the u.s. and mexico ye

absolute historical ignoshes of meab plain denial and over at the website splinter, writer samantha grasso assailed gohmert as the dumbest republican in the radio room for daring to cite the democrat's own historical record. so anyway, it's an interesting time, education is important, but it's got to be accurate education. and one other thing i would like to quickly reference is the need for criminal justice reform within our military. there's some aspects of military justice that are very good. a grand jury process in the civilian sector, constitutionally, potential defendant is not allowed to be there. nor to have his attorney there or her attorney. and the attorney is not allowed to be there for a potential defendant when that potential defendant is actually testifying. before the grand jury. whereas in the military system of justice, under the uniform code of military justice, there is what's called an article 32 investigation which is sort of the equivalent except a potential accused as we call them in the military is allowed to be there and have an attorney there to see what's being