distributed by invesco distributors inc. containing this information. read it carefully.ell small for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪ ♪ welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn. yeah, you hurt mey, a little bit huh?? you're crushing me huh? you hurt all the internet huh? you taking the life from me huh? give life to your idea, when you build a better website in under an hour with go central from godaddy. type in your idea, select from designs tailored just for you, and publish your site with just a few clicks. even from your mobile phone. start for free today at godaddy. >>> back to the final trades. harry? >> i like lidos, a defense consulting firm. a back end way of playing defense stocks. we talked about how fantastic the stocks are acting today. this stock was great in 2016. not so far this year. it's about flat. they bought lockheed's logistics business and they are starting toing a gtoing aggregate that. we expect it to have

distributed by invesco distributors inc. ♪ >>> all right.have an opening bell in six or so minutes from now on a friday. let's get to the "mad dash." >> it's not often that you have a restaurant that has minus comps, david. i'm talking about minus comps where you have the ceo saying he's dissatisfied with the minus 2.5 comps and yet the stock goes higher, but that happened with shake shack today. buckingham a retail shop put out a -- a boutique, put out a report that when it was looking down. this is it. this could be the bottom. my problem is it sells at 40 times earnings but this is a company that we know has cachet. at a certain point even with minus comps people say there's a core value to it. i -- >> 40 times minus comps. why shouldn't the stock go up when they're down 2.5? >> it's wrong. >> okay. >> look, steve easterbrook come in, mcdonald's minus comps turns it around to positive comps. the stock goes like this. and ron shaich with panera -- the comps -- you can't just say yeah. >> why are investors responding to something like this?

distributed by invesco distributors inc. >>> all right. welcome back.chief investment officer of the largest hedge fund ray dalio making headlines with new notes called the big peck tour. big picture, he says, the near term looks good. the longer term looks scary. he says the economy is now at or near its best. we see no major economic risks on the horizon for the next year or two. he does talk long-term problems of high debt, also social and political conflicts near or at their worst level. he says conflicts get worse when economies worsen. i love your comment, michael, on this. the bottom line, as he says, near term looks good. >> agree. >> no risks on the horizon from the economy now. but longer term looks scary. >> look, i'm 50 years old. the long term is scary. you know what that means. i'm getting closer to the end. this is the environment we've been in now since 2008. look, ray dalio has done a lot of work on this. we are in a secular bull market. this has been the most hated bull market in my career, i think in anybody's career. it's been specta

distributed by invesco distributors inc. >>> welcome back to "squawk box."he underestimated how technology would up end the retail industry. he said, quote, if could go back ten years, i might have done some things earlier. drexler also said we have been a little too elitist in our attitude, referring to his plan to emphasize the lower prices and adopt a more accessible image. we've always loved mickey on the show but j. crew has continued to struggle, especially in women's wear. >> his point is technology coming in such a rapid change, he's never seen anything change so rapidly. >> folks, what's old is new again. amazon's latest bet, physical book stores. morgan brennan joins us from the e-commerce giant's new store in new york city. good morning, morgue amorgan. >> good morning, becky. >> i'm standing here in the same complex that once housed a borders, remember those big box retailers that amazon helped put out of business? it is the seventh brick and mortar store for amazon in the u.s. you might be wondering, why is the e-commerce giant doing this? amazo

distributed by invesco distributors inc. >>> out of time. thanks so much for watching.ney" with jim cramer starts right now. #. >>> my mission the simple. i'm here to level playing field for all investors. there's always a bull market somewhere. and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. my job is not just to entertain but to educate and teach you. so call me or tweet me @jimcramer. on a day where the dow gained 84

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distributed by invesco distributors inc. containing this information. read it carefully.an we at least analyze customer can we push the offer online? legacy technology can handcuff any company. but "yes" is here. you're saying the new app will go live monday? yeah. with help from hpe, we can finally work the way we want to. with the right mix of hybrid it, everything computes. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. bund. >>> in about an hour from now, acting fbi director andrew mccabe set to testify at the senate intelligence hearing two days after the president fired comey. our kayla tausche has more. >> good morning. this an annual hearing that since 2015 at least parts of which have been public and have been open

distributed by invesco distributors inc. >>> welcome back. you're watching "squawk box" live from the nasdaq market site in times square. >>> good morning. the countdown on tomorrow's jobs report is on. april jobs data will hit the tape tomorrow. 8:30 a.m. eastern time. u.s. equity futures at this hour probably less concerned with the jobs number. it's as important than believe it or not some developments in washington today. the healthcare vote, which could come this morning. they never did vote. they never did vote. >> i know. >> will be compelling to watch. i might watch it. this is my life. i told you i watched the le pen/macron debate yesterday. >> how did that go, considering you don't speak french? >> it was on cspan 3. >> had subtitles. >> no it was an interpreter, but a lot of french in the background being spoken by the moderate tirors trying to contr and the candidates speaking at the same time. >> if this passes today what do you think happens to the senate bill? >> the senate, i'm not an expert on. >> we're all

read icarefull distbuted by invesco distributors inc. >>> welcome back.er's final thoughts. >> i guess my final thoughts are generally around this idea that i truly believe that what's happened in washington presents an opportunity, especially after yesterday's selloff. i do think it's going to take the temperature down and i think that there's going to be a renewed focus, especially among republicans on the hill to get things done while they can. the independent counsel, it's hard to see that as good news but to the extent to which it might allow people to focus more on policy, it's good news. >> the dow is off 27 poin37 poi the open. even though we were down 370 points yesterday, it's hardly a blip after the run-ups we've seen. >> the sectors that's a trigger is the financials. i view yesterday as a gift. >> does that imply interest rates are going to move back up? >> i think there's certain parts of the administration's economic agenda that will happen regardless of congress, that's energy deregulation, financial deregulation. those are important, too.

distributed by invesco distributors inc. cotthat's why at comcast,tn. rto be connected 24/7. we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. >>> welcome back. some stocks to watch today. mallinckrodt is exploring a sale of its jgeneric drug unit. that stock is up over 2%. toshiba says it could still be some time before the auditing of its results for the 2016 financial year is completed. the embattled conglomerate will hold its shareholder meeting on june 28th. that stock is down another 3% this morning. >> united airlines is under fire once again. the faa threatening to fine the airliner almost $500,000 for flying a plane it says was not in airworthy condition. the faa claims united flew a eventually serviced boeing dreamliner 23 times on international routes before perfo

distributed by invesco distributors inc. >>> welcome back, everybody.uture workforce survey by mcgraw-hill education reveals what's in the minds of recent graduates and how they're feeling about entering the job market. let's get the details from david levin, the ceo of mcgraw-hill education. thanks for being here today. >> good morning, becky. >> my guess is and it looks like your survey shows out that a lot of graduates are worried about how much debt they've taken on when they first get out into the workforce and that has to be weighing pretty heavily on them. >> yes it does. the average graduate is coming out with $37,000 of debt. but the thing is the numbers who haven't graduated, who have much smaller amounts of debt but can't get their way out. >> that's interesting. i hadn't thought of that. they have smaller amount of debt but they don't have the path to paying that -- >> that's correct. the actual, the most striking statistic out there, of course, is the success rate, the actual proportion who complete is so low, it comes in, most people are p

distributed by invesco distributors inc. . >>> all right. sell-off day.he dow off the lows right now. we were down 350 points, but still, i mean, a meaningful decline, the biggest decline we've seen for the markets, the major averages since essentially last september. >> yes, because trump ironically, his presidency so far has seen almost zero volatility. it's been absent in this market. now making up for lost time. >> here are the 30 stocks that make up the dow. united health and coke and travelers and wal-mart leading the way. >> safety stocks. >> right. utilities are higher today. as yields go down in the treasury, so this is very much a risk-off kind of a trading day. >> and financials taking it hardest, although if you wanted to buy apple maybe here is your chance. trump may be losing support from key congressional republicans. on capitol hill with more. >> reporter: kelly, republicans are struggling to find the right words to describe what happened here in the past 24 hours in washington. you're hearing leadership trying to balance the gravity of th

distributed by invesco distributors inc. >>> welcome back.e markets on this thursday morning. the futures have been slightly lower. the dow futures down by 22 points after the dow was down slightly yesterday. s&p futures are down by 4. nasdaq down by close to 13. this comes after both the s&p 500 and the nasdaq set new records once again yesterday. look at what's been happening with oil prices. that was the huge story yesterday. energy stocks were the biggest movers after you saw a gain of more than 3% in crude oil prices. this morning wti up 1.6% to 48.10. this came after supplies in the united states fell by a bigger than expected amount as a surprise draw down and a couple other count res likeries lookin they would side with saudi arabia to continue production cuts. >>> in the treasury market, the ten-year note looks like it's yielding 2.398% so ticking up from recent weeks. >>> time for the executive edge. the trump administration expected to expand a ban on laptops on commercial aircraft to include some european countries. officials stud

distributed by invesco distributors inc. >>> out of time. thanks so much for watching. "mad money" with jim cramer starts right now. #. >>> my mission the simple. i'm here to level playing field for all investors. there's always a bull market somewhere. and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. my job is not just to entertain but to educate and teach you. so call me or tweet me @jimcramer. on a day where the dow gained 84 points. nasdaq advanced 4.6%. the big story is that the industrials are stalling out here. that's right. they're stalling out while the techs are head rot. what does that mean? you can easily interpret this action on an hour by hour basis, suggesting that we need to be worried about an economic slowdown. but i think that would be a mistake. to me the teches are roaring while the industrials languish, because investors keep gravitating toward the companies that have the most up site in the second half. now that it looks like the trump steam roller has run out of gas. remembe

distributed by invesco distributors inc. thithis is the new new york.e? read think again..ding new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov >>> i want to call your attention to shares of exact sciences up right now 9%, up even better than that earlier today. united health announcing earlier it would cover the company's colon cancer test. you may recall the conversation with andrew left of ci it tron, short that stock, the ceo coming on to debate. a note today saying that they view this announcement from unh as a negleative. they say a lower negotiated price will drive down the average selling prices. they say commercial costs will be different and also puts up, andrew does, $250,000 he will donate to the american cancer society if the negotiated test results in anything greater than price of $350 for tests. we'll keep you up to date on the story but taking an interesting turn will. some quick fi

distributed by invesco distributors inc.even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. >>> last week's opec meeting, cutting outlook for prices too, jackie has more. cruise closing lower, but apart from the drop thursday after the initial opec decision, this has not been a blood bath by any means. prices hovering at $50, which, by the way, exactly what opecmented. session high today, and technicals are telling. we tested the downside and got a break, but broke upside over 50 suggesting there's bias there. consensus at the moment seems to be we're going to bounce around 50, plus or minus five, and if that's the case, opec is not losing control. quite the opposite. they are crafty. why? because crude inventory is 3 billion now, 300 million over the five-year average. nine more months of almost 2 million barrels a day, bringing the market closer to the five-year average, considered very constructive. final point here, goldman sachs out with the update on th

distributed by invesco distributors inc. >>> good morning."squawk box" right here on cnbc. we're live at the nasdaq marketsite in times square. among the stories that are front and center at this hour, corning has been the first recipient of an award from apple's new newly announced advanced manufacturing fund. corning will be awarded $200 million from the fund which is designed to encourage innovation among manufacturers. glassmaker and apple have collaborated for the past ten years. it makes gorilla glass which is used in apple's iphones. when the announcement was first made i think there was some cynicism about it given the size of the billion dollar fund relative to the amount of money that apple has in total. but, i like this idea. i think this is a good thing. and it could have a ripple effect. and if others get on board and do it and it impacts small towns around america i think there's something to it. i just -- >> and number one -- >> i just want to be involved -- >> i want to tell you, i was thinking about it. i know we're professio

distributed by invesco distributors inc. >>> are some big banks making a big mistake?imple way for them to turn around their stock prices, find out what that is at trad g tradingnation.cnbc.com. more "squawk on the street" coming up. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. >>> let's get to rick santelli at the cme group in chicago and get the santelli exchange. hey, rick. >> good morning and thank you, carl. i like to welcome mark skausen my special guest. >> my pleasure i'm here in salt lake city and beautiful day after memorial day. great to see you. >> well listen, beautiful day, is that going to lead to a more beautiful perception of the growth in the u.s. economy? we saw an upper revision of q1 gdp to 1.2, atlanta fed

distributed by invesco distributors inc. >>> welcome back, positive signs to second quarter growth.have a run through of the latest findsings in the rapid update. steve? >> data this morning for march wholesale inventories help out the first quarter, but interesting, not taking away from the second, which could have happened, but didn't, q1 gdp tracking up.2%, but it's not taken from the second quarter running at 3.4%. 2.9 to 4% is the range. notice the old solid 2%. this is where people are. 4% at the top of the range here, and atlanta fed at 3.6. action economics at 3.2, bank of america at 3, and goldman sachs at 2.9%, the low end for second quarter. still, a good bounceback, though, coming back from the weak first quarter growth. back to you. >> goldman lowered that from 3% down to 2.9 recently. thank you. i'm with the other steve, and first of all, do you buy the numbers, and is that what this market is anticipating as we continue to very quietly set highs here? >> look at oil. oil is telling us something about global growth. i know that people talk about oversupply. i've been n

distributed by invesco distributors inc. containing this information. read it carefully.not, here i come.ek.) ♪ anyone can dream. making it a reality is the hard part. northrop grumman command and control systems always let you see the complete picture. and we're looking for a few dreamers to join us. >>> time now for jim and "stop trading." everything is bigger than u.s. steel. >> credit suisse -- i'll tell you why this is an important call. this sector has been hit very hard. why? because people bought it in anticipation of a big trump infrastructure bill. and that trump would go into the chinese and just say, listen, you're done dumping every bit of kind of steel in our country and we do the defense -- you know, an actual kind of a very tough stand that says, listen -- it's important for our defense business. it did none of this material wise. this is crushed by the no trump trade. >> crushed recently, although again up nicely for the last 12 months. >> yes. but letter x not really, but i want to point out to people t t ththat this is a group that is bifurcated. there'

distributed by invesco distributors inc. containing this information. read it carefully.you see things your way. ♪ ♪ you have access to the right information at the right moment. ♪ ♪ and when you filter out the noise, it's easy to turn your vision into action. ♪ ♪ it's your trade. e*trade. start trading today at etrade.com >>>. >> two and a half minutes left here with the dow up some change. show the nasdaq. that's where the action is now, record territory still, technology stocks, the faangs doing so well, so we're setting a record today again with any positive close on the nasdaq, stro stronger towards the close. there's twitter, which popped today on word that the cofounder biz stone is coming back to tcoy on a full-time basis. frankly, i'm showing the chart because i like to say biz stone. welcome back. wti, ever slightly a pullback from the big gapes seen in the last week as we now await the next group of inventory reports. it was last week's inventory report that showed a huge draw down, and we're right now at $48.60 as we wait for inventory reports. a slight pullba

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distributed by invesco distributors inc. containing this information. read it carefully.t's connecting one of or bringing wifi to 65,000 fans. campuses. businesses count on communication, and communication counts on centurylink. >>> welcome back. and, oh, did you know, the apple effect helps stocks in taiwan close at a 17-year high for indexes there. this after apple made record highs in technology, which you can see there, along with it, that's put the tie won index above the dot-com era bubble high, bill? >> crazy. halo effect from apple is everywhere. meantime in nvidia soars 22% this year, all-time high after strong earnings report. gaving better than expected revenue guidance for its second quarter, but can the semiconductor rally continue? only as good as your previous rally. joining us now to talk about this is will and patrick. what do you think? nvidia is special situation or -- >> thank you for having me first. i say nvidia certainly is a special situation, but speaking more broadly in the semiindustry, we're bullish at sun trust on this space. we think is conti

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distributed by invesco distributors inc. containing this information. read it carefully.t crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. ...you realize the smartest investing idea, isn't just what you invest in, but who you invest with. ♪ >>> michael kors down sharply in the premarket. the luxury goods maker beating on ref fly, but the comp store sales were down more than 14%. kors also issuing guidance below consensus and guys, the company also announced that it's going to be closing 100 to 125 stores. that's out of total of about 827 stores and 300 of which were just opened in the last two years. so back tracking on the strategy as they deal with falling sales, down double digits. >> it wasn't that long ago this company was not going to cover off the ball it feels like. >> i think it peaked as a $100 stock a few years ago and it was a $60 stock a little over a year ago. it's as if whole chunks of tra

distributed by invesco distributors inc. a used car,g this information. read it carefully. if you want to stay on top of your health, one simple thing to do -- is take the pledge to go and get screened for the cancers that might affect you. so stand up to cancer and take the pledge at getscreenednow.org it only takes a minute to take care of yourself, and nothing rhymes with "org"... ♪ >>> welcome back to "squawk box." the sohn investment conference providing ideas from real estate plays to tesla. leslie picker was there. she has some highlights. >> the sohn kicked off with the bulls. century link and its merger with level 3 was touted. chamath palihapitiya urged investors to buy convertible bonds in tesla and to participate in the upside in case elon musk is the next thomas edison. debra fein brought up tel teletubbies as her next play. much of the audience was looking for a big pick from ackman, but he opted instead to talk about howard hughes corporation, which he owned for years. cliff robbins talked about investors bank corp. but there were bears there. david ireinhorn

distributed by invesco distributors inc.. read it carefully. >>> good morning, welcome back to "squawk box" here on cnbc. we're live at the nasdaq marketsite in times square. among the stories front and center we're watching shares of tiffany this morning. the luxury goods retailer did beat on the bottom line by four cents posting quarterly profit of 74 cents a share. revenue missed forecasts and comp-store sales posted an unexpected decline. we're seeing shares down almost 5% premarket. >>> jim immelt is in the spotlight. he'll be the keynote speaker at the group conference in florida which will feature appearances by honeywell, united technologies, and others. ge shares have been pressured lately. >> lately? >> longer than lately. >> 16 years? >> specifically lately following a deutsche bank downgrade which questioned the quality of the company's earnings. >>> and a takeover deal in the insurance industry fidelity and guaranty which sells life insurance and annuities is being bought by cf corp for $1.84 billion. that's a p

distributed by invesco distributors inc. >>> welcome back to "squawk box."n is out with its monthly work force april, which was the strongest month for hiring since june of 2015. hiring across the u.s. was 16.7% higher this april compared to april of last year. seasonally adjusted hiring was 3.4% higher sequentially fuelled primarily by manufacturing, transportation, and software. want to bring in daniel roth the editor in chief to break down numbers. these are great numbers. >> another very strong, monthly report. this keeps happening every month. we're seeing massive year over year increases. biggest once since june of 2015. but if you look at these, if you dig into what's going on month over month it's definitely not as strong. only three industries are responsible for all of the growth over the last month. manufacturing, aerospace, and autos, and software. software is the biggest. >> which i'm assuming means that everything else fell? >> everything else either flat or fell. like media, and entertainment was flat. retail was down 3.4%. >> right. >> teleco

distributed by invesco distributors inc. >>> washington watch. reach a deal to avert a government shutdown. plus president trump talks tough on nasa. the details and what it means for your portfolio is straight ahead. >>> new this morning it 21st century fox reportedly in talks with blackstone to buy tribune. the details are straight ahead. >>> plus, sell in may go away. we kick off a new month of trading with our guest bob daal. we're going to find out where you should be putting money to work plus a review of the number of the month, the april jobs report. the second hour of "squawk box" begins right now. >>> live from the beating heart of business, new york city, this is "squawk box." >>> good morning, welcome back to "squawk box" right here on cnbc. we're live at the nasdaq marketsite in times square. i'm andrew ross sorkin along with becky quick and steve liesman who is hanging out with us this morning. joe is out. take a quick look at the futures this morning. things are looking in the green as we might -- we have now averted a government s

distributed by invesco distributors inc.treet journal" says the most important parts of tax reform are doa or on life support and the winner is the stats yo but grover norquist said something is going to the go done. does it matter, jim, to the market? >> i think it does. something has to get done even if it's to go down to 25% on the rate. there's plenty of companies i deal with 35% to 40% and you need to see that, the domestic guys who have been hurt because of slowdown in retail. they're still taxpayers so not losing money. i listen to grover and i thought wait a second, if everybody thinks it's doa it's better but they have to get something done. otherwise what happened this year and there's enough momentum among people to give a nominal rate, not a gigantic decline but something to make it so that they feel they did something this year on taxes. >> that would justify 2,400 or justify something much higher on the s&p? >> no, justify a little bit higher from here. i wish we weren't so narrow. i come in every day and it's

distributed by invesco distributors inc. containing this information. read it carefully.uld bring you by having better values? at blue apron, we work directly with more than a hundred family farms. so instead of spending on costly middlemen and supermarkets, we can invest in the things that matter most: making farmland healthier. cutting down on food waste. and bringing you higher quality, fresher ingredients for less than you pay at the store. because food is better when you start from scratch. get $30 off at blueapron.com/cook >>> welcome back. you're watching "squawk box," live from the nasdaq market site in times square. >>> good morning, everyone, and welcome back to the "squawk box." we are at the nasdaq this morning. we've been watching what's been happening with the markets in the wake of the terror attack in the united kingdom. so far the markets have been unfazed by that. not only here in the united states but overseas and europe. the dow futures are indicated higher to open up higher about 45 poiptds. the nasdaq up by 10. our top story this morning, that attack

distributed by invesco distributors inc. >>> welcome back. abrupt firing of james comey. rob rosenstein citing the handling of secretary clinton's e-mails. joining us right now, former hillary clinton campaign manager robby mook. good morning to you. >> good morning. >> your quick headline thought about all of this. >> well, it's incredibly disturbing. you know, i was -- i was first in line to complain about how director comey handled the e-mail inquiry last year. i have been outspoken on that. but this decision was incredibly frightening. >> so robby, is your issue with the timing and the way this all took place relating to the investigation? or with the credibility that he ultimately had or not? >> it's the former. i mean, i think there were serious questions raised about how he handled this. but the idea that the same day that we find out subpoenas are going out relevant to the russia investigation into president trump's campaign he decides to suddenly fire the director of the fbi because he claims he's upset about how he handled hillary's

distributed by invesco distributors inc. hello, my name is watson.rgest refund they deserve. one million people can benefit from precision cancer care. 197 million passengers can fly with less turbulence. i am on my way to working with one billion people. i look forward to working with you. >>> breaking overnight. the white house shuts down reports that president trump leaked classified information to russian officials. >> the story that came out tonight as reported is false. i was in the room. it didn't happen. >> a live report from washington, straight ahead. >>> the cyber threat. new clues about the culprit behind the global hack attack. we'll talk to the ceo of cybersecurity company proof point. >>> plus, big papi steps up to the "squawk" plate. retired red sox star david ortiz tells a story, and he's not holding back. the final hour of "squawk box" begins right now. ♪ >>> live from the most powerful city in the world, new york, this is "squawk box." >>> good morning. and welcome back to "squawk box" here on cnbc. live from the nasdaq marketsite

distributed by invesco distributors inc. the shlike a bald penguin.tion. readhow do i look? me the billboard music awards. show me top artist. show me the top hot 100 artist. they give awards for being hot and 100 years old? we'll take 2! [ laughing ] xfinity x1 gives you exclusive access to the best of the billboard music awards just by using your voice. the billboard music awards. sunday, may 21st eight seven central only on abc. >>> gop taking a victory lap after the successful house vote to repeal obamacare. eamon javers joins us now from washington. good morning eamon. >> good morning, joe. it was a boisterous scene in the rose garden yesterday as house republicans fresh off their victory on the house floor came to the white house to celebrate with the president. now they will be accused by some of the political equivalent of throwing a champagne bash in the locker room at halftime. but nonetheless republicans said they needed this moment. it was a moment of catharsis to heal some of the divisions that had happened within the republican conference on the way to the vict

distributed by invesco distributors inc. ♪ >>> welcome back.tching "squawk box" live from the nasdaq market site in times square. ♪ >>> good morning. u.s. equity futures at this hour are indicated lower, but off the lows. not triple digits. 87 points on the dow. 12 points basically on the s&p. and down 21 on the nasdaq. gold is up a little. ten-year yield down a little. but it almost seems like maybe target even helped a little. you think? we weren't expecting great numbers from a retailer. >> we are seeing target shares surge in the premarket after reporting earnings. just crossing the wires now. adjusted is 1.21, that's compared to the estimate. and same-store sales down 1.3%. they are just out with q2 estimates here. adjusted q295 ce 95 cents compa with 1.15. they say they are facing multiple headwinds in the landscape and will continue to plan business prudently. they're preparing their team to chase business when they have the opportunity. still looks like good news so far for target. up 6%. >> yeah. $75 stock at one point. nice rebound. t

distributed by invesco distributors inc. containing this information. read it carefully.echnology, about my small business so when i need someone that understands my unique needs. my dell small business advisor has gotten to know our business so well that is feels like he's a part of our team. with one phone call, he sets me up with tailored products and services. and when my advisor is focused on my tech, i can focus on my small business. ♪ ♪ dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced, our senses awake, our hearts racing as one. i know this is sudden, but they say: if you love something... set it free. see you around, giulia ♪ >>> we're back. snap with its first earnings report after the bell today. josh, what do you expect? >> just really quickly i went back and look. facebook fell 11% the first time it reported a quarter. twitter fell 24% the first time we reported a quarter. this is a slightly different setup because i think, you know, we've learned a lot in those situations, so may

distributed by invesco distributors inc. >>> we're back. let's look ahead to big earnings.mmy, you own cisco. >> yeah. there's a bunch of questions here. one, what are they going to do with the cash? two, they have a lot of cash, a third of their market cap is cash. two, a lot of their competitors, june perfect reported good numbers. does that mean their cannibalizing eating cisco's lunch? we have to find out. and then the other thing is how is security doing with regards to the hardware business. is that taking over from the hardware business which has matured? >> somebody give me 20 seconds on walmart. >> just off the highs and i think somebody has to be winning with all the money that's being spent in stores, judge, not just amazon. could be these guys with jet. >> josh, final trade? >> i want to pull out jpmorgan from the rubble today. this is a stock i think still down two. i would be a buyer here. i like this thing anytime i can get it under $90. >> jimmy, do you have a final? >> apple. you have to buy this dip here. the highest quality name in the s&p right now. this

distributed by invesco distributors inc. containing this information.lly. but we should be seeing more range of motion.k good, i'm fine. okay, well let's see you get up from the couch. i'm sorry, what? grandpa come. at cognizant, we're uniting doctors, insurers and patients on a collaborative care platform, making it easier to do what's best for everyone's health, every step of the way. you may need more physical therapy. ugh... am i covered for that? yep. look. grandpa catch! grandpa duck! woah! ha! there you go grandpa. keep doing that. get ready, because we're helping leading companies lead with digital. >>> sherry lansing is a hollywood titan. she was the first female head of a studio at fox, the ceo of paramount for over a decade. she green lit "titanic" and other classics. she's the subject of a new bu o biography and asked her about the big-name disrupters taking over hollywood. >> do you think it's weird when someone like jeff bezos is thanked at an award show? >> not at all. i mean, he took the risk. he's a disrupter. they're making terrific mo

distributed by invesco distributors inc. containing this information. read it carefully. youe to take care odoing tomorrow -10am? staff meeting. noon? eating. 3:45? uh, compliance training. 6:30? sam's baseball practice. 8:30? tai chi. yeah, so sounds relaxing. alright, 9:53? i usually make their lunches then, and i have a little vegan so wow, you are busy. wouldn't it be great if you had investments that worked as hard as you do? yeah. introducing essential portfolios. the automated investing solution that lets you focus on your life. on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $509 on auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insurance. >>> welcome back, up and down day, closed reflecting that. down six points, we are settling, moving back up to 21,000. s&p higher by a point. nasdaq up by two, russell down by

distributed by invesco distributors inc. containing this information. read it carefully. your quarter back. fountains don't earn interest, david. you know i work at ally. i was being romantic. you know what i find romantic? a robust annual percentage yield that's what i find romantic. this is literally throwing your money away. i think it's over there. that way? yeah, a little further up. what year was that quarter? what year is that one? '98 that's the one. you got it! nothing stops us from doing right by our customers. ally. do it right. let's get out of that water. ♪ >>> it is time for cramer and "stop trading." >> you see apple going up. and warren buffett alluded to the idea that they don't have something -- they'll have something later. the iphone 8 is getting a lot of talk about as is samsung. people buy universal display, that is supposed to be in everything. there's a 10% short position. these guys are fantastic. this is light emitting diodes and sky works is doing well. broadcom is doing well. this is the one that everyone seized on as being the next generation

distributed by invesco distributors inc. a used car,g this information. of north korea. the country announcing the missile it launched yesterday can carry a heavy nuclear warhead and is capable of hitting u.s. military targets in the pacific. this landed in the sea between north korea and japan. the latest launch widely condemned, of course, by the u.s., japan, and south korea. the white house called north korea a, quote, flagrant menace and urged allies to enforce stronger sanctions. shinzo abe telling cnbc he is concerned over these latest actions by north korea. listen. >> translator: it is indeed very clear that the threat posed by north korea's nuclear and missile program is entering into a new stage. that is our recognition. with president trump, he is saying that all options are on the table and he is showing the act as well as by words what he is advocating in this arena. we look at this highly. >> abe also says it's important for countries to present a united front in battling the north korean threat. >>> when we come back, triva goe surging afte

distributed by invesco distributors inc. >>> the big shake up at ford. what is next? busy morning, phil, you've within in the middle of all of it from the get go with your reporting. >> scott, and this is one of those days when ford is going to say so much firstablety because they're in for some turbulent times as they adjust to a new ceo. out is mark fields, easy to see why when you look at happened with shares. he took over in july of 2014. the stock was down more than 35% and during that time, he was trying to reposition the company to go into growth areas like autonomous drive vehicles, well, today, bill ford talk ued with us about why he believes this is the time for somebody new to reenergize this company. >> we need to be quicker in our decision making. we need to have clarify in our message iing and communication that's something and we need a leader who's transformed a company before. >> who is that leader? this man. jim hackett. a one time board member of ford. long time ceo of steel case, the office furniture company and for the last year, he left the ford

distributed by invesco distributors inc. >>> hack attack. 200,000 computers in more than 150 countries and the malware could just be getting started. we will tell you what you need to know before you boot up when you get to work. >>> congress gets ready for a health care and tax code overhaul. senators john barrasso and david per due, they're here with us on the set. just back here right now. they're going to join us for the hour to talk about these issues and much more. >>> and ride sharing start-up lyft and google's waymo teaming up to take on uber in the self-driving car world. we have that story and other headlines straight ahead. the second hour of "squawk box" begins right now. ♪ >>> live from the beating heart of business, new york city, this is "squawk box." >>> good morning, welcome back to skwk skwk right here on cnbc. we're live at the nasdaq marketsite in times square i'm andrew ross sorkin along with becky quick and joe kernen. futures at this hour are looking up after what some people had worried might be down given this cyber

distributed by invesco distributors inc. containing this information. read it carefully.e to be everyone had who wanto be in the office. we lacked the technology to be flexible and productive. then cdw orchestrated a collaboration solution for us. using the lenovo x1 carbon. powered by intel core processor technology. now we can access our network and work together from anywhere. hey! hey everybody. you coming back for the team building? mobility by lenovo. no? it orchestration by cdw. ♪ >> welcome back to "fast money". here's what's coming up in the second half of the show, dennis gartman says there is something people are missing and it could lead to chaos and tears on wall street. so tell us what it is. plus, pete over here, bringing in the heat, getting ready to pitch the one stock surging. the one stock company sed says could charge higher, it's up in 2017. he will deliver the fast pitch. we start off with oil hovering below $50 bucks a barrel. jackie deangelis is at the cnbc commodity desk. >> what a difference a day makes for in the case of oil, a few days. last th

distributed by invesco distributors inc. >>> let's do the trader blitz. gilead is lower. revenue. pete, you own the stock. >> i do. that was expected. they will miss on the earnings, miss on the revenues. their hep-c drug is too good. the problem, also, they've got a lot of cash and they're not u using it. they need to make an acquisition, build up the pipeline and make the company strong again. they haven't done it yet. >> twilio, doc. train wreck. >> they got some good news just maybe a week or ten days ago talking about amazon using their cloud services. now up supposedly uber is cutting back substantially. the stock just fell off a cliff. i sold puts as a way of getting long. >> speaking of train wrecks, etsy and groupon, ouch. ugly. >> all we're talking about are train wrecks. e it tsy is a sad story, this is a company that really at its fundamentals should be doing better, showing more growth. their marketing expenses were through the roof so they're taking action, cutting costs and including the ceo. that never looks good. the stock will be in the penalty box. ther

distributed by invesco distributors inc. containing this information. read it carefully.of the largest broadband companies in the country. after expanding our fiber network coast to coast. these are the places we call home. we are centurylink. we believe in the power of the digital world. the power to connect. and that's what drives us everyday. ...better than a manual, and my hygienist says it does. but... ...they're not all the same. turns out, they're really... ...different. who knew? i had no idea. so, she said look for... ...one that's shaped like a dental tool with a round... ...brush head. go pro with oral-b. oral-b's rounded brush head surrounds each tooth to... ...gently remove more plaque and... ...oral-b crossaction is clinically proven to... ...remove more plaque than sonicare diamondclean. my mouth feels so clean. i'll only use an oral-b! the #1 brand used by dentists worldwide. oral-b. brush like a pro. [ music playing ] ...it starts a chain reaction... ...that's heard throughout the connected business world. [ music playing ] >>> welcome back to "fast money

distributed by invesco distributors inc. containing this information. read it carefully. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. i count on my dell small for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪ ♪ for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. we do business where you do business. ♪ ♪ >>> stock cisco, let's see, down a lot. cisco beat expectations on earnings and revenues in the third quarter, but they cut guidance pretty severely, announced some layoffs too. i have to tell you, it was the type of thing that caused the stock to go down

distributed by invesco distributors inc. containing this information. read it carefully.e got the trend analysis. hey. hi. hi. you guys going to the company picnic this weekend? picnics are delightful. oh, wish we could. but we're stuck here catching up on claims. but we just compared historical claims to coverages. but we have those new audits. my natural language api can help us score those by noon. great. see you guys there. we would not miss it. watson, you gotta learn how to take a hint. i love to learn. >>> time now for the blitz. cum cummins beat on the top and bottom line. >> finally, right? finally! >> attached at the hit. >> cat and cummins both rock stars. much better. just overall the whole quarter was very good. numbers are going higher. still like it. >> tenet health care. look at that, doc. >> they have to be catching a lot of folks short on this one, judge, selling off some hospitals in houston. they're doing a deal with humana for hospitals and access to that. just a huge beat. much better than expected. the stock is trading about four times normal volume

distributed by invesco distributors inc. containing this information.d it carefully. dramatically increasing orchesprint security with, enterprise printers by hp. which is great, unless you're a corporate spy. unsecured printing makes your network vulnerable. enterprise printers by hp help prevent costly security breaches that can compromise your network and reputation. so i'm stuck spying the old fashioned way. hey. i'm not spying. secure printing by hp. i.t. orchestration by cdw. ltry align probiotic.n your digestive system? for a non-stop, sweet treat goodness, hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. now in kids chewables. >> we are live at the nasdaq market. yet another record high for the 33rd time this year. the s&p is slightly lower. here's what's coming up in the second half of the show. twitter shares, they announced his return to the company. could this homecoming mean trouble for ceo jack dorsey? we'll explain. later the dollar all a post-election gain and commodity

distributed by invesco distributors inc. containing this information. read it carefully.tay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. >>> welcome back to "fast money." the traders unanimously gave steve grasso a buy for square. but what did you guys on twitter say? it was close, but 54% of you said no. >> oh! >> i don't care. >> seller of grasso's pitch. >> i'm up 30%. they're all idiots. >> oh! >> that wasn't very gracious, grasso. >> time for the final trade. tim seymour. >> breaking out, malaysia ewm. that's right. the currency is dirt cheap. and emerging markets are now taking the next leg. >> malaysia. wow. b.k.? >> most of you are not idiots. buy the walmart. >> grasso? >> it would be weird if i didn't say square. my best idea ten minutes ago, and it would be weird if i