andwalk down the streets cvs hightower's all over the place. se hightower's all over the place.oblem that they won't be producing cash flow? cycle, will they endure some sort of real value at some point where there is a rebound? people investing venezuela think all of their investments will have value again. now, they don't actually care who is going to buy them or rent them. there are so many people investing their. -- investing there. there are theories that there is money laundering going on. the question is who has links with the government, who can get the contracts to build -- bill, so they are taking advantage. julie: how do you pay people for construction when you have the value of the currency fluctuating so much? how do you find materials? is it difficult to get these buildings up? who have links with the government, most of this material is given by the government. people can find materials and have the money to do so. ia: are you going to buy or rent fees, given the economic situation of the country -- these, given the economic situation in the country? how do you ge

here to debate that big question is joe, steve, pete, carrie and richard is with us today, cio of hightower treasury partners, one of the top 100 financial a advisers and beginning with the stocks, dow trying to break a six-day losing streak. all right, joe you know, from that day that buffett did the apple buy, may 3rd, may 3rd to june 12th, dow's up 6%. s&p is up 6% nasdaq's up nearly 10% since that day in the middle of june, we have sputtered and the question is, why and what does it mean for where we go from here? >> so i said yesterday it is still a cyclical market, not a market to get defensive in i cited that looking at defensives, they're richly valued relative to cyclicals i'll point out as i continue to the entire year we are looking at the wrong thing we are looking at the dow. all-time high again today for the nasdaq all-time high again today for the russell. so the rally continues where it's most relevant in the russell, in the nasdaq, if you have concerns about trade irritants, you're going to find those stocks in the dow. >> your point's well taken the nasdaq immune to the is

dina sanchez, and michael with the baptist group and hightower advisers great to have you here excitingn the summer michael, what stocks are you watching for the second half >> we're watching intel. we believe this recent pullback caused by trade war fears, caused by talks between the u.s. and china, but we'll get back to fundamentals on the company. they have a deep product pipeline driving earnings growth let's face it. every product in every technological aspect of our world that we all own, semiconductors drive it. we believe until someone figures out something that's beginning to change that, intel is a leader of the semiconductor space, and we think it's going to continue for a long time. >> you're not worried about the change in ceo? >> i'm not worried >> okay. >> they figured it out before and will again >> okay. what are you looking for in the second half? >> looking for rotation into defensive sectors like staples and utilities. they are particularly cheap given the fact there's strong fundamentals, strong revenues, and the pause in interest rates makes them look attractive ri

sessions where do we go from here let's bring in sandeep, the chief investment officer and ron at hightowers movgher s&p 500 n't fafrom t march highs. it might be confusing to someone when you walk in every day and the trade headlines go from bad orse with mexico now putting tas on o imports into that country. is it just thall strt thinks that cooler heads will prevail? or that they just think it's not that big of an economic risk >> we know tariffs don't work. history has shown that to us they tend to be more politically motivated than economically justified. and i think the markets are coming to the realization that, look, to get a full-blown global pretty much an act of monumental collective stupidity and they're optimistic that we will exceed that very low threshold. >> ron is -- >> and at the same time, there are some strong fundamentals on the earnings and growth side that are propping the market up. >> right i mean, that's just the thing, ron. we're moving off a higher jobs report, and we continuto look ta, whng in prettyl. the one big question, i think, that we all have is, the trad

brian: here now is chris hightower.amazing. so happy to be here. steve: swing around and look at what janice is grilling up. you guys have been with us before. explain this particular piece of machinery. >> so, johnsonville big taste grill 65 feet long. exists with 440,000 btus. [clears] steve: how many btu thes? >> 440,000. we can cook 750 brats at one time. 2500. in an hour. which is a really large amount. ainsley: you just left washington, d.c. you were helping to raise money for uso. raised $4 million for charities across the country. you are here in new york because you are heading to coney island fourth of july for the big hot dog eating contest. right? >> partnership with the american corn hole league. they have a tournament going on there as well. sponsor for that. ainsley: i didn't know they had a league. brian: corn hole got standing ovation. steve sex pert on this. people get more into grilling than ever before. as you see the magnitude of this truck. ed, follow us. brian: is it just me or are you finding tha