follow at jim cramer on twitter. have a question? tweet cramer #mad tweets send jim an email to madmoney@cnbc.com. or give us a call at 8074cn1-0-3-bc miss something head to madmoney.cnbc.com. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. dto experiencer gthe luxury you desire on a full line of utility vehicles. at the lexus golden opportunity sales event. lease the 2019 rx 350 for $389 a month, for 36 months, and we'll make your first month's payment. experience amazing. >>> what's going on with the cruise line stocks royal caribbean is the second largest player in the space. the last time the company reported, it came in better than expected, but management cut their full

jim: sure. well, as jonathan talked about earlier, i think the most special one is the one planted by mrs. cleveland that goes back to the 1870's, the red-leaf japanese maple. it is often overlooked and overshadowed by the jackson magnolia. the oldest known one on the grounds and it is a beautiful , beautiful plant. -- there iso actually others that are not presidential. there is a blue atlas cedar where amy carter's treehouse was on the south grounds. we don't know how old is, it predates any records. that is a beautiful tree. and then there is also, one of my favorites -- the common name, do you know? perugia, it is on the west side, the west jefferson mound. again predates records, but it is a plant native to the caucuses. it is in the same family of witch hazel and it blooms in the middle of the winter with these, it has these dark, velvety buds that open up into kind of a maroon flower. they are small but they are beautiful. in january or february, you will take anything you can get. and it

jim: thank you. >> thank you, susan, jim, and jim. that brings our wonderful day to a close. ouruld like to thank presenters and our folks from oak spring garden foundation who were with us today, and we look forward to having you all involved with and attending anything we do here at the white house historical association. we really appreciate your support and participation in our events. it is now my privilege to invite you to the courtyard where we will have a reception to end the day. thank you very much. [applause] from george washington to george w. bush, every sunday at 8:00 p.m. and midnight eastern, we feature "the presidency," exploring the presidents, policies and legacies. you are watching american history tv all weekend, every weekend on c-span3. c-span's presidential survey, grover cleveland dropped to 20 third place. ulysses s. grant made the most amount of cries of all of the presidents, going from the 33rd to 22nd spot. where does your favorite president rank? learn that and more about the lives and leadership skills of 44 chief executives in a c-span's "the

jim: we believe studying the earth is a priority. we are spending as much money as we have on earth science. bipartisan, we are committed to studying the earth. it is also true that in my view americans are very committed to space exploration. i saw your poll and some of those numbers. here we are, 50 years after apollo celebrating the 50th anniversary. by the way, it was not a popular program. ultimately, when it was achieved that monumental stunning achievement was not only popular when it was complete but it is popular 50 years after. people love apollo. we have a new program named after the twin sister, her name is artemis. she happens to be the goddess of the moon. this time when we go to the moon, we are going with a highly qualified astronaut corps that includes women. we can send women under a program named after apollo's twin sister. it is absolutely beautiful. the polling numbers indicate that space exploration is a necessity. overwhelmingly people believe in space exploration, 77% say yes. what is space exploration? going

host: jim bridenstine serves as the administrator of nasa. thanks for joining us. jim: thank you. host: joining him is christian davenport, who covers the space and defense industries. and a senior writer for space news. both of you, thanks for joining us. >> mr. administrator, on wednesday you announced that you were signing a couple of key administration officials including the longtime associate administrator for human exploration operations. why make that change and why now? jim: we just reassigned him to a different role inside of nasa. he is a great american, great patriot, he has served nasa for 42 years. it is also true that we are moving to a new era in human spaceflight. where the administration is interested in going fast. interested in doing things a different way. we believe it is important to have new leadership. it was entirely my decision. at the end of the day, we need to be very clear that nasa is committed to cost and schedule. i thought it was important to make this change at this time. >> a quick follow on that. coming at a time when we are about to celebrate

jim brush... >> jeff!> and his girlfriend, alison sloat, bought the company, recipes and all, over ten years ago for just $1,200, and have grown the business from selling pies on the side of the road to having their key lime pie named the nation's best pie by the american pie counsel. even though they generate $1.4 million in sales, they have yet to turn a profit. >> we really are a victim of our own success right now. damn it, i'm tired of this! >> and they've stretched their resources over multiple locations, including a shipping facility that's not making any money. >> today, i'm losing $1,000 by not being able to deliver pies. i can't do this every week. >> jim and alison have a staff of employees that are beyond dedicated. >> order it today, 'cause we need to get it into stores, 'cause we're very low on that [bleep]. >> i know, i know. >> with increasing debt and mounting losses... >> there's, like, three weeks of outstanding bills here. you owe 2,400 bucks. >> key west key lime pie company is facing

>> reporter: yeah, jim. right now we haven't heard directly from the biden campaign about whether they're going to further respond to the harris statement that was put out this morning by a spokesperson. but we may get the chance to ask joe biden today as he's going to be walking in this parade here in independence, iowa. he's just one of the many candidates who has descended on the hawkeye state for the fourth of july holiday. beto o'rourke is also going to be here. kamala harris is starting in indian ola. biden will attend a minor league baseball game and beto o'rourke will be on hand as i will. >> arlette, thanks. joe biden is mixing with the clouds during the july 4th celebrations. that's a place that he feels very comfortable, the former vice president. independence, iowa, on this july 4th. >>> well, tomorrow morning it's a cnn exclusive interview, joe biden, as well as his wife, dr. jill biden will sit down with my colleague chris cuomo as the competition surges, how does the 2020 democratic front-runn

for jim it was nearly impossible because jim was blind in his left eye from birth. this disability would disqualify him from serving in the military, but jim was not going to let that stop him from serving his country. he believed that service was his duty and after playing a few hand tricks during the exam , he passed. in march of 1944 jim was entered to cam national park gainesville, texas, to join the 103rd infantry division. since jim received so many artillery training, he was assigned a battery c of the field artillery battalion a howitzer unit. they trained long and hard knowing they were head for war. they learned the mission of artillery to support advancing infantry ground forces and combat and how to bracket your target area by trial and error much jim's job was to be the radio operator when they were in gatt and a jeep driver when the battery was moving forward. only a few months had passed since he was assigned to the division before he was aboard the u.s.s. monticello heading for the war. the trip across the atlantic was anything but luxurious. the mil

>> i think you're right, jim. and you're right to say first the white house will say this won't be a political speech. i was in the office the other day and we asked him about that and he said, no, i'll be speaking to all americans and i can't speak for all americans. but it really is a part of president trump's dna to get political. and as you said on issues and speeches where they weren't supposed to be political rallies they ened up becoming that way. when he first went to cia headquarters he gave a very political seech. there was a rally or event at a tank factory earlier this year in ohio when he started going off on john mccain. that was supposed to be an event about jobs. it was certainly based on his own history likely he will at least have the instinct tomorrow to get political as well. >> we were live on the air during that cia speech and that still wrankles long time intelligence agents. but in fact there are a lot of reservations in that building, are there not? >> i think there are some reservations a

jim: taking over is a loaded word. when nasa partners will commercial industry we are , involved in the process. it is not a takeover. it is a partnership. commercial industry, as far as human spaceflight could not go , forward without nasa. that is an important part -- point to make. spaceflight taken over by commercial industry -- directv, internet broadband are all commercial capability . imaging for google maps. all of these things are commercially done. they used to be done by the government. you can call it a commercial takeover or you can call it an offset to government costs for doing things that have become routine. we support that at nasa. jeff: for celebrating the 50th anniversary of apollo, we are talking about going to the moon. what lessons can we take from apollo and what things do we have to do differently? jim: that is a wonderful question and there is a lot. what we know is this, celebrating the 50th anniversary of apollo, we know when there is -- when america does absolutely stunning achievements, it

jim? >> axelrod: omar villafranca on the flood watch in mandeville, louisiana, thank you, omar. meteorologist jeff berardelli is tracking the storm system for us. at this point, jeff, what are you seeing as the biggest threat? >> without a doubt, rainfall. i mean, the system is weakening, and usually we would say the "worst is over," but actually, the worst is just beginning right now, because the heaviest rain bands are just beginning to move onshore. that is the official forecast track from the national hurricane center. it's going to be in louisiana for 24 hours. that's the problem. it is moving very slowly, only at around seven miles an hour. looking at the radar, you can see that all day today, the heaviest bands of rain have hung just offshore. some of them are beginning to move on shore, and i think overnight tonight, from morgan city all the way north into baton rouge, that's where the heaviest band of rain will set up. earlier today, a lot of heavy rain off the coast, about ten in

i'm jim sciutto.nnounced his official entry into the top tier of the democratic presidential field. but another surging figure in the race, kamala harris, she is answering with a key pair of party endorsements. and as the man they want to replace, the new york times is reporting on a potential major policy reversal by the president on north korea, that the white house is now considering a plan to allow kim jong-un to freeze his nuclear program in place. crucially

jim: two things.hink about negative yields in germany , i have to think about the currency exchange rate. i will buy my -- i will buy , so essentially i and up picking up basis points. that yield is not -30 basis points, it is 2.7%. the 10 year in germany after i do the fx, i'm getting 2.7% in dollar terms, so you will get global flows into europe. as a european trapped in euros, that is where the savings and their return on savings is getting hurt, so their hope as it goes from -30 basis points two -50 two -100 to make a capital appreciation, or there is no reason to invest. francine: as the dollar overvalued? jim: think it is a little overvalued. i am slightly dollar negative. with the onset of the fed potentially cutting rates over the next 12 months, the dollar will weaken. fall ands starting to we are lower than where we were at the beginning of the year. i think we could fall 3% to 5%. i think we will get a weaker dollar, which is good for global financial conditions. tom: this is just an intrad

>> caller: boo-yah, jim. >> boo-yah. >> caller: my question is about al ir a alibaba. >> the trade war will end to buy baba and that's a reason why i've been low key recommending any chinese stock. it's just too difficult. all right. amazon getting out of the food delivery space and things haven't changed for grub hub on "mad money" we're celebrating the 50th anniversary of the moon walk and how far we've come and where the next frontier space travel will take us. the dog days of summer are upon us over to the pool, you need to make sure your portfolio is in shape for the summer that's right, it am i diversefied time stay with cramer ilable now. >>> 50 years ago. >> the eagle has landed. >> the first humans stepped foot on the moon. apollo 11 mission cinched america's dominance in space, a lead that continues but waned after the cold wars closed now that's changing. >> lift off. >> companies like elon musk that cut the price to go to or bit. usherring e ushering a new era of space exploration that gives the u

i'm jim axelrod. this is our western edition. late today, hurricane watches became more urgent hurricane warnings, as evacuations began along the gulf coast of louisiana. tropical storm barry could become hurricane barry before making landfall tomorrow night or saturday. astronauts aboard the space station posted this ominous view of the storm that is now gaining strength in the gulf. barry's biggest threat is torrential rain, as much as two feet in new orleans and parts of mississippi. now, we're going to start tonight with lonnie quinn, chief weathercaster at wcbs tv in new york. lonnie, what it is looking like for landfall? >> well, it's going to be borderline whether it's a hurricane or not. and it's funny, we all get tied into-- we get wrapped up with the wind speed, because the wind speed dictates whether it's a hurricane or not. it may be a strong tropical storm; it may be a low-grade, cat-1 hurricane, but it's going to be a big water maker. there's going to be a lot of rain associated with thi

going on now. . >>> welcome back jim cramer is here, has been here all hour.g here. >> thank you. >> what do you have for tonight? >> i have gold bugs. i am a gold bug. and then kevin conroy. he's done this great deal and boom, people hate it i think that's wrong it's hard to do the arbitrage. exact science. a lot of people use it this man has made it a juggernaut company. >> down 8% right now. >> people do not believe in this combination. i think the combination is terrific i think they make money. it's a little rich we'll talk it out. >> you're also kicking off the summer on the streets tomorrow, that should be fun. >> that stock has come to a level where it's no longer dangerous. way too inflated, not by chip, but by the market that just said, listen -- denim is a tougher category how about that quarter fantastic. >> perfect. >> beautiful. >> can't believe it wasn't up that big. >> i agree, it's a buy. >> final trade time, joe >> jp morgan full force, icbc. >> steph >> l 3 harris. >> qsr, like the restaurant brand. >> our thanks again to jim cramer we'll se

>> caller: how is it going, jim? >> all right, how about you? >> caller: good. from earthquake, california, boo yah. my sister just got married, i was think being getting her into mrvl, marvel is it a good time? >> it is it reinvented itself and it wins with huawei. buy, buy, buy. aaron in ohio. aaron? >> caller: hey, cramer >> yeah? >> caller: first i'd like to say hi to my friends bill and barb who introduced me to this great show >> hello >> caller: i wanted to ask how you felt about general motor stock. >> i do not like anything. it's auto. i see my friend matt says it seems to be breaking out, so i've got it tell you, i'm not against it but it's hard to get behind the motor companies when phil lebeau is talking about a strike how go gary in maryland? gary >> caller: boo yah, jim. i watch your show every day and i think it's good. the reason i called you, i'd like to find out the stock dupont >> i am worried about dupont my travel trust owns it. they're going to split it up in different pieces i worry about litigation at the same time i'm tired of it so to s

jim: great question.ave done enough studies to understand the majority of people who participate, they're actually health club members, as well, so it's something they do in addition to their health club membership. our biggest fear is the netflix binge watch. that is our biggest competitor. [laughter] couch?just sit on the jim: right! we live in a world where you can watch whatever you want for hours upon hours. you don't even have to get food. you call postmates or grubhub. carol: it is pretty bad, actually. jim: that is the life a lot of people are living. carol: what do you have to do? that's a challenge, right? we talk about all these different facilities competing for your time. what do you do to get this people who would rather binge watch on netflix for a day? jim: we market like crazy to get their attention. we try to partner with postmates and the grubhubs of the world to offer free passes. carol: really? is that productive? jim: it can be. a lot of people made the decision that's not how they w

ask onee go, i want to question of either mike or jim. private guys, wealthy guys are spending a lot of money with you right now. a lot. i assume they are using the facilities, they are leasing the facilities, they are paying money to set up the rockets, you can charge them so much, and they like rockets. thank god i don't like rockets that much. i like it the way we are doing it. i also like it the way they are doing it. how much of the work that you are doing is privately-financed, and whether it is bezos, i could name many, ok, there are many involved. how much of the work you are doing is private versus government-funded? >> right now on the international space station, we are commercially resupplying the space station by buying service from these commercial providers who have invested their own money, because they are looking for a market, they are looking for business that is not necessarily us. which means our costs go down and our access goes up. that is resupplied to the international space station. to we are doing commercial the

oreen. >> caller: hi, jim what i want to know is i have coca-cola for a long time.hould i trade it for another beverage stock >> no, 3% yield, it's doing a good job it has premium always does boy, you sound like you're from kna just like my ma. >>> let's go to charlie in pennsylvania charlie. >> caller: jim, thank you for the guidance >> of course >> caller: in a bull market. it's been invaluable i'm looking at a regional remarkably well in a low interest rate environment. i expect the dividend interest, the rate to rise shortly talking about community bank systems. >> i don't want that community bank i'm sorry, that is one that will be hurt by lower rates we've got bank of america. we have goldman sachs. we have j.p. morgan. we have citi that's all we needed pee pete >>> i need narayan in iowa >> caller: i'm a first-time caller biopharmaceuticals was on your show you said the stock imploded. the stock is down almost 30% should i buy, sell or hold >> it's not been exemplary it is a spec you're just hoping one of the drugs pays off they have a lot of stocks on go and

jim? >> axelrod: carter, thank you. young man accusing actor kevin spacey of groping him testified in court today in ñ?a5ay end up being a win forony spacey. dean reynolds is following this story. >> reporter: the actor was not in court today as the case against him took a number of surprising turns. spacey is charged with groping a male teenager, now a 21-year-old man, at a bar in nantucket three years ago. the accuser says he captured the alleged assault with his cell phone camera. today his mother, heather unruh, described it. >> he had shot a video of kevin spacey sticking his hand inside his pants. >> reporter: the phone was given to the police, who later said they returned it to the family, but then it disappeared. spacey's lawyers contended its contents were edited to help the accuser's case, adding that it is a felony punishable by imprisonment. when asked about it, the accuser's father, nick little, tangled with both judge thomas barrett and spacey's lawyer. >> if you don't understand my question, just ask me,

gary. >> caller: boo-yah, jim. >> boo-yah, gary >> caller: i'm retired living in florida, jim and my wife loves a good dividend. we're looking at and downside stock and the acre zquisition. >> it has no growth. sorry, let's go to mark in pennsylvania, mark >> caller: hey, jim, mark from pittsburgh p.a., boo-yah. >> boo-yah. >> caller: new investor. what do you think about six? >> it has descent growth it will come back and stall for a bit. i'm willing to bring out the terrible towel to say yes to six. okay, let's go to john >> caller: thanks for taking my call my question is ticker dxc. >> that does not have growth that's what i'm looking for. if you're going to be there, i suggest to swap out of that. and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade eet guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your option

i'm jim sciutto. poppy harlow as the day off. our special coverage on this july fourth and as the nation celebrates this holiday and as your family celebrates this holiday there's no time off for democrats on the campaign trail. one week after the debate sparked a national conversation about federally mandated busing vice president joe biden's camp is clashing with senator kamala harris on that very issue. you'll remember last week harris grabbed the spotlight for hitting biden really hard on the topic. >> there's a failure of states to integrate public schools in america. i was part of the second class to integrate berkeley, california, public schools almost two decades after brown v. board of education. >> because your city council made that decision. >> the federal government must step in. the voting rights act and the civil rights act. >> the stark difference between the two candidates in that exchange, harris saying the federal government does have a role to play, to mandate it. but here's what she said in iowa yesterday. >>

jim.in particular case and again, the reason it impacted things was government ourself hosted with regulation 606, county regulation 606 is how it's accounted for that case was a large federal agency that is expanding our relationship and pushed the renewal into q 3 where highly confident we'll close and we have a tremendous federal backlog in q 3 in pipeline and so we're feeling very good, which was reflected in our annual guidance, raising annual guidance we can't control what happens in one quarter versus another down to the knit and overall, we feel very good about our annual guidance and raised it and we feel very good about our business. >> all right again, i want to clarify something that an analyst asked for the call one analyst said it looks like the full year increase was less than what we saw q 2, an implicit guide down to the second half. that's not really the case, is it >> no, mike answered that question three times on the earnings call, jim. >> i know. >> what basically happ

>> boo-yah jim fred from the jersey shore, how are you?all right i wish i were at the jersey shore right now. ocean grove. >> big question about navida it took a bad year and bounced back well. do you see it coming to claim? >> i like it people sold the stock down they will say the same thing about invidia. it wasn't bad. it's got another quarter report that takes off but it's great. i want you to own it or else i wouldn't name my dog nvidia. >> kevin from virginia i want to take advantage of the emerging trends in cloud computing. what are your thoughts on cisco? >> terrific. talking about the cycle maybe turning down chuck robins is a doing a wonderful job. inexpensive stock. i like the dividend and management i say buy, buy, buy. that ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by t.d. round is sponsored by t.d. ameritrade yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm.

>> caller: boo-yah, jim. i had a question about nio is there room for it to run -- >> the whole thing is beaten up. anything can bounce but i have to tell you, i mean, chinese auto in a market where bsf says chinese auto is badly. you got to run i need to go to randy in california, randy? >> caller: mr. cramer, thank you for taking my call randy from california. >> okay. >> caller: i want to give you a big ol' big sir boo-yah. you have a lot of followers and trends along the 70-mile coast here. >> you're kind i'm working hard to keep their trust. thank you. >> caller: a few of my friends have, you know, made some real money. they are lower, they are upper lower class or lower middle class and a lot more of them made a lot more money if they would have listened to me. anyway, jim, mr. cramer. >> call me jim. >> caller: 20% of my portfolio is -- >> that's a lot. i don't want you to put any more than that. i like -- they are doing everything they are doing everything they can. they are getting out of the stuff t

mike pence and myself felt strongly about jim. we gave him the job and he has surpassed any of our expectations. nasa is back. having rich as you sit and pay us rent, i like that. watching rich guys ascending have rockets. that goes to our credit and their credit. field.ed up our when they took it over, they were covered in grass and broken and in bad shape. you look at kennedy or down in florida, where ever you want to look, it was not a pretty picture. you could say,t, abandon. and now they are in tip top shape and rockets are going all the time. we would get rockets from russia and other countries. from russia to send people out. the relationship from russia, but we will be doing it ourselves. we are in a position we haven't been in for many years. space is important to me for defense and offense. space is important for defense. it's not just about going to the moon and mars. it is a trip that will be interesting. to get to mars you have to go to the moon first. is that a possibility? >> if we go to mars, we will have to be the

jim, i will start with you since you are reviled. [laughter] but i do think this is a good place to start and jim, i do want to start with you. beth says we have a great opportunity in jim not just a veteran but a scholar. how did the army feel to you in 1971 and 1972, and was the colonel onto something, was he overstating his case? and have your views changed as you made the transition from veteran to scholar and delved into this as a historian? >> i was commissioned in 1969, thought i was going to vietnam immediately, ended up in germany , arrived in january 1970. by 1970 one, if i told you i would -- i read the armed forces journal, i would be lying. i had no idea there was an armed forces journal in 1971. but i would have a hard time disagreeing with his major points. i was in the third infantry division, i arrived in the seventh army, that seemed to me as an unenlightened second lieutenant, an army in disarray. we were understrength. i had half the people i was supposed to have. i would submit that the army in europe was paying

>> thank you, jim.ciate it. >> commissioner perez, thanks very much. >>> all of major league baseball is mourning the loss of a young rising star. what we're learning about the death of a los angeles pitcher tyler skaggs. and moments away from it opening bell on wall street. the trump administration threatens new tariffs on $4 billion worth of goods from europe. it was part of a growing fight with the european union specifically over aircraft subsidies. you should be mad that this is your daily commute. you should be mad at people who forget they're in public. and you should be mad at simple things that are unnecessarily complicated. but you're not mad, because you're trading with e*trade, which isn't complicated. their app makes trading quick and simple so you can strike when the time is right. don't get mad, get e*trade and start trading today. here's another reason to join t-mobile. unlimited data with taxes and fees included. no surprises on your bill. and here's another reason to join. bring in you

but let's begin with our chief white house correspondent, jim acosta. jim, we're expected to see the president now any moment. >> that's right, wolf. we're expecting to see the president in the rose garden in just a few moments to talk about this census question that has been looming over this city for several weeks now. the president, according to our sources is expected to pivot away from this idea of inserting a citizenship question into the upcoming 2020 census, and instead order the commerce department to try to come up with that information on citizenship in the united states through other means. president trump appears to be looking for an off-ramp in his drive to add a citizenship question to the 2020 census. after the president tweeted that he would have an announcement on the issue, officials say mr. trump is now expected to ask the commerce department to seek the citizenship data through other means. democrats were fearful the president would instead try to defy a recent supreme court decision against the administration's push to add the ques

vonnie: jim, thanks for all your time today.erson'sus global head of -- janus henderson's global head of fixed income. new greece electing its p.m. with a stock market that is soaring. the banks really driving higher. ahead. that story if you are a bloomberg terminal user, you can find all of these fantastic charts at gtv . find them on your bloomberg, pop them out, put them into a presentation. . go on. this is bloomberg. ♪ ♪ vonnie: it is time now for your latest numbered business flash -- your latest bloomberg business flash. it's been a while since wall street has been the step at about apple. five analysts -- has been this tepid about apple. morgan stanley has downgraded its view of large-scale banks. the group has rallied 23% this year, but a new note cuts the view from attractive to in-line. wereellon and state street also downgraded from overweight to underweight. morgan stanley is forecasting lower growth for the banks. that is your bloomberg business flash. guy: thank you very much indeed. coming up, greece's new p

jim: make actual handmade mock-ups. lemonis: jim, thank you.: hey, erica, can you give me an update on the financials? it's time to tally up all of the money that erica has generated in the past few months. but more importantly, determine if we're gonna be able to be partners. how much inventory is left? erica: maybe a couple hundred dollars worth? lemonis: most of it sold? erica: most of it sold. i didn't realize, like, man, how could i not know that this much inventory was sitting in the warehouse, and we had this much money just sitting here? we're able to pay the shop if i loan that balance. lemonis: everything that i asked erica to do along the way, while it was challenging, she did it. get rid of some of the debt, negotiate with some of the creditors, sell off the inventory, get rid of some of the assets. every step along the way, she did exactly what i asked her to. i do want you to celebrate the fact that you went from $500,000 to $200,000. erica: thank you. lemonis: but how do we guarantee that it doesn't happen going forward with my m

i'm jim axelrod. this is our western edition. the calls are growing louder labor secretary alex acosta to resign over his handling of the secret plea deal that gave the wealthy investor jeffrey epstein an uncommonly light sentence in a sex trafficking case 11 years ago. acosta was a federal prosecutor in south florida at the time. today president trump weighed in saying acosta's "very good at his job," but mr. trump did add he will take a closer look at the case. and in the oval office, paula reid had a chance to ask the president about his relationship with epstein. >> reporter: president trump once considered jeffrey epstein a friend, but today he distanced himself from the convicted sex offender. >> i was not a fan of his, that i can tell you. >> reporter: but mr. trump told "new york" magazine in 2002 that epstein was a "terrific guy" and shared his interest in "beautiful women," though he noted epstein's preference for those on the younger side. but now mr. trump says the two haven't spoken in ye

you know what, jim and i are going to swing by.ind of like foreman, franklin. >> remember joe franklin. >> i do. i'm sure most of our viewers have no idea to joe franklin is. >> see you tonight, jim, "mad money" at 6:00 p.m. general mills giving investors a reason to smile stock performance has doubled. talk to thcewi d dn 129.thowow >>> welcome back to "squawk on the street." will we see our third triple digit drop in a row, dow down 106 right now but coming off the lows, s&p down about 7. >> our roadmap for the hour starts with engage averages, all in the red as carl mentioned as investors await testimony from powell on the hill. >> two big consumer names, pepsico on the street, hear from cfo and rare interview with chairman of general mills on his strategy for growth. he's sitting right here. i'm looking at him i'm assuming he's coming up soon. >> start with markets in the red as fed jair powell is preparing to testify before financial services committee capital exchange event in washington, national financial director larry kud

>> caller: hey, jim. calling you after about a particular stock i'm a technician that i believe the chart is worth 1,000 words. >> all right >> caller: i'm calling about nike i bought nike last year and used footlocker as a proxy and watched footlocker's stocks sore and after watched nike go from 67 to 85 and calls around 67 and hold around 85 and i'm looking at the chart today and i'm seeing two things that i'm not really liking one is a double top. >> right i see that. >> another is the 50-day moving average just recently crossed below the 100-day moving average, which tells me there could be selling pressure in the near term. i'm wondering if you buy it now and if you think it might pull back to 80 before you would buy again? >> well, i think it moved up today because of trade talk and the insistence that it somehow levered only to china. they have a great relationship to china i would like to see it go back to 80, 82 before we buy it i was surprised it went up this much, i'm not a buyer at this level.

. >> and i'm jim sciutto in washington. right now on capitol hill, a deafening silence from republican lawmakers as outrage grows over racist comments made by the president of the united states. it has been 24 hours since president trump attacked four minority congresswomen saying they should go back to what the president called the totally broken and crime infested places they came from, of course, three of them were born here in the usa. >> this morning, congresswoman alexandria ocasio-cortez is pushing back calling the president's words hallmark language of white supremacists and if you are waking up this monday morning and feel like haven't we been here before, yes, we have. the president has a long history of using racially charged large from questioning president obama's birthplace to calling mexican immigrants racist and on and on. boris sanchez at the white house with more, charlottesville, need i continue? how is the white house and those closest to the president framing the comments? he's not walking away from the

i'm poppy harlow. >> and i'm jim sciutto.who filed articles of impeachment against the president says it's time for the house to send a powerful message. congress very much split on the idea. the democrats very much split, including the leaders. but in a few hours, they may be forced to hold a vote. >> this is very significant. our manu raju just spoke with congressman al green of texas. let's listen

jim. >> on the persian gulf, matthew chance. thank you very much. >>> back in washington, almost mueller time. high-stakes hearing for democrats as they gear up to question the former counsel in the russian investigation. could wednesday's testimony change minds on impeachment? >>> plus i don't know paul stephens returns to the supreme court for the final time. the late justice's casket arriving moments from now. his former clerks, more than 100 of them, set to serve as honorary pall bearers. >> we're also on top of the protests in puerto rico and a defiant governor. until normalcy. we'd been working for days on a site in a storm-devastated area. a family pulled up. it was a mom and her kids. everything they had had been washed away. the only thing that brought any kind of solace was the ability to hand her a device so she could call her family and let them know that she was okay. (vo) there for you when it matters most. and now, get a free samsung galaxy s10e when you buy one. that's verizon. tailored recommendations, tax-effic

>> caller: hey, jim. what's your thought on aluminum?you know, that last quarter wasn't that good it really wasn't i was taken aback. that's what i would do if i were you and that, ladies and gentlemen, is the lightning round. >> the lightning round is sponsored by t.d. ameritrade had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. that's it. i'm calling kohler about their walk-in bath. [ sigh ] not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the

we will discuss the epstein scandal with pulitzer prize-winning columnist jim stewart. comments from the president in a few minutes dow is up 127. >>> the market builds on the records set earlier in the week. s&p 500 3,004. earnings season next week kirksd off by the financials and a couple of tech companies next week, too. >> as we wait to hear from president trump momentarily on secretary of labor acosta leaving and his replacement, i would note what's happening -- actually, let's go to the president now. >> not a good labor secretary. he has done a fantastic job. he is a friend of everybody in the administration, and i got to call this morning thfrom alex. i think he did a good job yesterday. under a lot of pressure, he did a fantastic job. and he explained it. and he made a deal that people are happy with and then 12 years later they are not happy with it you will have to figure all of that out but the fact is he has been a fantastic secretary of labor, and alex called me this morning and wanted to see me and i said, well, we have the press right out here perhaps yo

jim, good morning to you. >> good morning, victor and

i'm jim sciutto. poppy harlow is off today and welcome to a special edition of newsroom on this holiday week. and we start with breaking news. the u.s. economy adding 224,000 jobs in june, a strong comeback after what was a disappointing may. the unemployment rate standing at 3.7%. let's get right to cnn business correspondent allison cossack with more on the numbers. what's behind this big jump here particularly after a slower may? >> everyone was convinced, jim, with may with 72,000 jobs added was the beginning of a trend. i think june is giving you your answer. it looks like may was just a fluke. so 224,000 jobs added in june. some of this may be students were out of school and they're taking jobs for the summer. but this number certainly blowing away expectations. you mentioned the unemployment rate. it did take up actually to 3.7%. they are counted in that unemployment number. where were those jobs added? high paying jobs in business, construction, 21,000. that's a good sign because the real esta

i'm david faber with jim cramer.e are live from the new york stock exchange carl quintanilla has the day off. stock market, by the way, set your watch, going to close at 1:00 p.m. eastern, due to getting an early start on the independence day holiday look at futures as we get ready for an open 30 minutes from now. we're looking up, but u.s. equity futures, what we are talking about, 2% or so. we had that quiet session yesterday. but we did see the s&p reverse earlier losses closed at a record high. that's kind of where our road map starts as it often does investors shrugging off global growth concerns. stocks set to rally at the open. and records still within striking distance. plus, broadcom eyeing symantec, my reporting added to bloomberg yesterday which broke the story. >> and mine. >> and jim's give you more details. and pot shake-up, bruce linton out, telling cnbc he was fired from the world's largest publicly traded cannabis company. somewhat extraordinary. >> no. >> wait. having him on talking about being fire