joe terranova owns it.now is should you and two unusual activity plays from the najarians we'll reveal where options players are placing their bets today. it's all at noon, and that means we're less than ten minutes away >> can't wait. except for this great show going on thanks, scott. another check on the dow it is about flat walmart weighing on the index particularly down almost 4%. "squawk alley" will be right back [whistling] hello. give me an hour in tanning room 3. cheers! that's confident. but it's not kayak confident. kayak searches hundreds of travel sites to help me plan the best trip. so i'm more than confident. forgot me goggles. kayak. search one and done. >>> dow session high was up 107. obviously off the initial highs. mike santoli joins us on set to talk about an interesting session. you have the s&p hanging above the 50-day, even with oil at $71. ten-year right at 3% >> right, a lot of these markets kind of hovering a what seem like decision points if you had a market that wasn't moving muc

means to your money and whether higher oil is really good for stocks with us for the hour today, joe terranova, steve weiss, the brothers najariujaajarian are h so is kerry firestone. let's begin with the markets to jump in oil, topping $71 a barrel earlier that's the highest level in more than three years a big reason why energy stocks are up 10% in the quarter. joe, the question is, does it continue >> yes, i believe it does. i think it's actually good for the marketplace. a lot of the conversation in the last couple years has been concerns as it relates to the high yield market, and we're seeing an avalanche of debt that's going to be maturing in 2008 higher oil pricing is good we spoke yesterday as it related to president trump pulling out of the iranian agreement let's remember, as i said yesterday, the russians, the chinese, they're part of that agreement. they are also part of the saudi aramco ipo saudi aramco ipo is highly relevant to where the price of oil goes in 2018 i think the stability we're seeing is good for the markets, good for energy, and it lends itself to further upside >>

what do we think of this call, joe terranova. >> and i dispute the call. i think the worst has past for macy's november it was somewhere around 18 bucks 29 now i understand she's probably downgrading on a price more than anything else. i also think the real estate value that this company holds, obviously prime ones. >> one of which is here in new york city. i do think they're stabilizing with a decline with things that they're doing in their business model. that being said, am i overly excited about retail no, not takparticularly >> you have some company, here's what jim cramer said about this call and the macy's ceo and the job that he is doing >> i disagree with this. i think that jeff kennett has reinvented macy's. i think it's an exciting place to shop, bloomingdale's fifth floor, the shoe floor, has cost me a fortune and i do think in general, kennett is underrated here >> #analysis >> their ceo, as jim said started this nordstrom strategy a year and a half ago. taking the real estate and getting full value for it. and actually making it a compact pla

with us for the hour, joe terranova, pete and jon, and we'll begin with the markets stocks are lowerthe new tariff

we're going pick that up, joe terranova is here, steve weiss,n >> a controlled shareholder operates in their own interest, not necessarily all. shareholders >> so, why did you buy the stock then >> i don't own the stock >> no, i'm saying you could say to any shareholder of cbs, you knew that? >> well, you can't say that. because they owned the stock before the company has got to go in concerned value so you just can't close out the minority shareholder's interest and credit that to themselves. that's why there's the ftc and i'm involved with a decision holder usurping business opportunities for privately owned companies and so the shareholders have filed a class action suit for that so it's a very difficult thing, even when they're board members and there's a special committee which decides upon particular acquisition, divestitures, whatever, it doesn't mean the board is independent necessarily. it's a controlled shareholder. >> well, i think in fact there's a mechanism of some discounting that goes on when there's a controlling interest in shareholder. because people know that's been

with us, joe terranova, stephanie link, josh brown, and jon najarian also with us on set, suneeda, bankf u.s. equity strategy. stocks are lower on political concerns in italy and now the new worry for investors here at home the banks, the xlf dropping below its 200-day movi

certainly surging again on the market's most important stocks really to resume the run with us today, joe terranovajosh brown and let's begin with the return of tech, the sector up for a sixth straight day from chips to the fangs to almos

with us for the hour, joe terranova, pete and jon, and we'll begin with the markets stocks are lower on the news of the new tariffs on stock and aluminum dr. j., tell me how we're supposed to play this. we thought the trade war was on hold, maybe not so much? >> yeah, for instance, winnebago, judge, and some of the biggest pitfalls right away. hormel ham and others got hit too, they were about a third as much as two big uses steel and aluminum the rv guys are crying out this is good for the steel stocks does it continue depends how long this lasts, judge. but do at the go down 6% per day for several weeks? no i think you'll probably see somewhere between 8%, 10% out of the worst of those two stocks and they pull back >> all right so, mike wilson, why don't you tell me how you view all of this in the geopolitical spectrum and where you think the markets will go as we enter what you want to say is the summer trading season >> yeah, this is one part of the cocktail that we've been dealing with all year. this is not 2017 we've left kansas. we're not in kansas anymore. it's a tougher envi

with us, joe terranova, josh brown, steve weisz also kevin o'leary, the chairman of oshares etfs.cks are higher yet again today. this after they posted their best day in weeks on friday. josh, boy -- >> hey

with us, joe terranova, jon and pete najarian, and lori, great to have you with us today. with the rebound stocks are higher after posting their worst day in more than a month. maybe we should have kno

joe terranova with steve weis and john and pete. this is a week in which we seem to feel better about trade we seem to feel a little bit better about geopolitics released to north korea, and here we are once again faced with both issuesfront and center >> true. but i'll tell you what my first observation is, is that we saw a much more measured president who is much more presidential in his approach and his talk than i think he's been in a long time that transition is very good for the markets. in terms of north korea, in terms of the markets, i don't care couldn't care less sure it's interesting to watch and it's important from a geopolitical situation but it's got absolutely no impact on the markets whatsoever china is a different story the trade issues there of course, we want to see the resolve. >> we're talking about autos and tariffs and just when we thought we were having a reprieve. >> we're going to war with europe with cars primarily so, look, i think it's a natural progression, i think it will get worked out but this is ho

joe terranova is an energy trader so he would know better, but that's the way it looks. we all know we ramped up into this announcement that we all expect that the president will pull us out of this deal so to see it selling off so extremely in the last, you know, 24 hours or less, certainly indicates that something is going on behind the scenes it could be that dumping you're talking about. >> joe, what do you think? >>. >> i think the price of oil came back nicely from the sell-off it experienced earlier this morning. i think the energy equity names which have underperformed the spot oil pricing so far, it's performing well also today i think that's indicative of the environment it's been in this quarter. energy equities up 9%, oil around 6%. this is a complicated story. it's complicated because the russians and the chinese are party to that agreement. the russians and the chinese are also party to the saudi aramco ipo. so jon is talking about the iranians dumping oil to lower the pricing of oil that's certainly not what the saudis want with an ipo coming and the russi

with us, joe terranova, stephanie link, josh brown, and jon najarian also with us on set, suneeda, bank of america's head of u.s. equity strategy. stocks are lower on political concerns in italy and now the new worry for investors here at home the banks, the xlf dropping below its 200-day moving average. a good part could be because of what morgan stanley just said at a conference that stock having its worst day in a couple months wilfred frost with us at the desk with those details. good to see you. all right, already jittery market, we know. yields over in europe a big story. the co-head of wealth management makes some comments that unnerve bank investors yet again >> i think we'll come to the moments at the end because u.s. banks opened low and they continued to sell off through the day. this, of course, started with the story in europe. if we look at the half screen with some banks around europe, you can see the italian banks are down, german banks down sharply, french banks down sharply. now u.s. banks also down sharply. why is that, even if they have not got bigesh poe exposure to

with us, joe terranova, josh brown, steve weisz also kevin o'leary, the chairman of oshares etfs. stocks are higher yet again today. this after they posted their best day in weeks on friday. josh, boy -- >> hey, scott. how's it going >> s&p above their 50 day. their whole narrative has changed, certainly the mood seems to have evolved from some of the things we were talking about early last week. >> strong disagree >> okay, tell me why >> i don't think the narrative changed. i think you got a bounce in tech stocks it's going to be very hard to have an overall positive tone in the markets absent the tech sector i hate being the one to say that, but i genuinely believe it and i think the math is on my side there look at the semis. huge bounce in intel it started friday, following through today. nvidia, up 4.5% earnings this week you needed these stocks to start to work again. microsoft, been trading sideways for a while after huge gains consolidating. now it looks like it wants to ramp and apple is a huge part of what's going on. >> i'm glad you backed up what i said, the narrative

. >> joe terranova, what have you got for me >> buckle.space clearly a home run, close to home to my friend, mr. najarian. >> my daughter is the online model, you know. no joke. she is she's the real deal. >> i believe you. >> you own the stock, of course. >> own the stock because of that yeah >> good-looking chart too. >> do you want to give me a final trade? >> yeah. if you're into buckle clothes you probably don't want to be eating it, but hershey's hsy. really interesting because, you know what, scott, as you remember, years ago this was a takeover candidate they had a bidder and they refused to do it at some point in the future you just wonder does the family say you know what, it's time. >> that's what i call a sweet idea. >> jon najarian. >> thank you for saving us, judge. nycb, new york city community bankcorp it's under $12 a share i like it to pop here, bought it this morning. >> josh brown. >> i was going to talk about jpmorgan but i'm switching at the last minute. schwab new all-time high yesterday, nobody cares this stock shou

with us, joe terranova, jon and pete najarian, and lori, great to have you with us today. let's begin with the rebound stocks are higher after posting their worst day in more than a month. maybe we should have known better than so many of these flare-ups -- >> how many have we seen so far? >> on trade or north korea or yesterday it happens to be the italian political system >> creates opportunity >> creates a one-day fit of uncertainty and nervousness, and here we are back with a rebound. >> you have volatility over 17, everybody gets nervous about that the volumes start to get interesting once again after going on hiatus for a while. there's a lot of reasons to look at yesterday and say are there opportunities out there? i think there were yesterday there's a couple different areas where they really oversold them, but the strength of the semis continues to really show up. i mean, each and every day even yesterday, look at micron technology how well that was trading. amd, a lot of these stocks, intel, were holding up, and today exploding to the upside. the strength areas w

. >> also with us for the hour today, joe terranova, stephanie link, jim levinthol, and jon najarian let's begin with leon cooperman who joins us on set with stocks continuing their rally taking a breather at this moment, but it has been a pretty nice run that we have seen lately how do you feel about the markets, and it's always good to see you. thanks for being here. >> i say mildly constructive not ebulent. i think the questions for a bear market just aren't present as you know, oftentimes in the past y have quoted john templeton's words. >> they don't just appear out of thin air >> bull markets are grown in pessimism and die in euphoria. we're in optimism, but i don't think there are signs of euphoria >> you have made the case the markets are fairly fully valued. i'm wondering, now we're on the heels of earnings season you have seen great earnings growth do you still think the market's fully valued or do you think there are pockets? >> fully valued, yeah, you were heading somewhere. i like my stocks i own better than i like the market >> okay. >> in other words, my theme for seve