with us for the hour, josh brown, jim leventhal, jon najari najarian, head of global investments at ubs shares of nike are rallying. jim, you own it. are you buying more? >> i bought a little bit more. i was hoping to load up the boat today, but i just can't, for two reasons. and i would love to get jay's opinion on this, but it's up 9% today. i'm not going to go chasing it i think it will go higher from here, but the question is, i thought the earnings quality was really kind of low you had gross margins that went do down you had revenues that were okay, but a tax rate beat. >> so why'd you buy a little when the stock was up so much when you're throwing shade on the quality of earnings? >> i've got a lot of dry powder left to go in this name. i'm not going to buy it all today. look, i think this was a question, melissa, more than anything, of the expectations were so low, particularly in north america, that it was an easy beat. all of that put together doesn't get me all that enthused i'm glad with the position i have i'm also glad i've got more dry powder to commit >> you're snickerin

with us for the hour today, josh brown, joe terranova, pete najarian, and erin brown with ubs o'connor let's begin with the tech rally resuming today there is a look at the markets nasdaq's up 1%, joe. >> well -- >> people getting all upset over nothing the last couple of weeks? >> i think the last ten days, we've been talking about the distinction between having a longer-term portfolio and wanting and needing the exposure to technology and really not touching the technology in the longer-term portfolio. this is a short-term trading event. i think today we are bouncing. i don't think it's over for a lot of the volatility that we're seeing in the fang names we could see more, if you want to selectively buy in your longer-term portfolio, i'm fine with that, and as far as getting out of amazon, longer term, i don't think that's the right thing to do. >> okay, difficult to get inside the head of somebody who's not sitting here to answer the questions himself or herself but weiss, what does it say when a guy who runs a tech fund at a big place like t. rowe price, who's beaten 99% of his pee

with us today, josh brown, steve weiss, pete, krim cramer is is here, too. he's the host of "mad money. we continue with the continued tech wreck pressure across the board with many other technology stocks jim, nearly one-third of the s&p tech components are down 10% plus from their 52-week highs. i know people want to know the answer to the question how long is this unravel going to last? >> first of all, these are intriguing levels. the problem is as we were talking about during the break before we came over is that we had some fabulous bounce offs in the morning, but anybody who bought those in the morning who was brave enough, it was scalped now and take period of time, i care more about what happens between 245 and 3. it's too early really got to be in there just wait a little this was a huge bounce if it gets ugly for these names -- >> they have the auto desk just gets such a great quarter. they've withbeen waiting and wag for people to fwif up. amazon, 945, that was their wake up call. went down to 100 that was a fanstic, fantastic call, sarge go fort

with us for the hour today, jim, stephanie, josh brown, jon, with us onset as well is joseph. joining us is cnbc's senior economic's reporter, steve liesman and rick santelli. we begin this hour with the biggest question facing investors. if the economy is allegedly so good, the job market so robust, why do bond yields keep falling and what could that mean for the future of the trump rally? rick, makes me think something's got to break, something's got to give. bonds or stocks first? >> i think it will be mario draghi and the central bank of japan. i think one of the biggest reasons interest rates globally are going down is because traders always follow the biggest trader in the room. they always do. down here in the '80s, we had tom baldwin. when he'd jump up and down and bid for a thousand bonds at a time, it was big. what do you think every small local next to him did? bit on a one lot or a two or three lot. so i think in that regard, there's a trillion dollars year to date being invested by central banks. ever heard of soma? wh we have auction, might be 28 billion sevens.

josh brown, steve weiss, jim levin that will, he is one of barren's top 100 financial advisers. kevin o'leary is here. and also with us today, another special guest, ed, the president of yardeny research. let's begin our conversation with the markets. josh, what do you make? i think it's the amazing resiliency this market continues to show. despite the noise on different fronts. geo political and here at home, new highs for the three major averages today. >> so, if you told me years ago the just fired director of the fbi was going to sit in front of congress and call the president a serial liar and the stock market would have hit a new high on that, i would have said you're absolutely crazy. if we don't pay attention to behavior and the types of buying we're seeing and we stick to a narrative that is maybe more comfort bable and has less cognitive disdense, we miss out on big move fls the mark. this narrative, it's five stocks driving everything, that's not the case and in the last two day, something new has begun to happen and if it continues, the bears are absolutely dead in t

with us for the hour today, josh brown, joe terranova, pete najarian, and erin brown with ubs o'connore tech rally resuming today there is a look at the markets nasdaq's up 1%, joe. >> well -- >> people

josh brown and yours as well y >> bristol-myers is one of the names that is just absolutely destroyed series of events around trials that people didn't like manage ment made some announcements and made better. earnings were not spectacular. you had a litany of things and really great buying opportunity. and the stock put in what i considered to be a definitive bottom in line with the whole sector which bottomed late january and early february 2016. this year is interesting because bioteches are leading the he health care sector small biotechs are leading big biotechs so if you take a look at xdi, it's on the verge of a breakout. that is years in the making. doing much better than the larger names in biotech. which had been leading prior to the 2015-2016 mini bear market for the group. i would stay small but there are some select situations like amgen and bristol on the large side that i like. >> that leads me to you. you had a knack for finding the smaller biotech players that have done well. >> this is the longest period i haven't been invested in health care i really can't tell you

with us josh brown, john terranova, erin brown with us as well. let's begin with the banks. the red flags, some executives are raising on that space. words of warning that sent many of those stocks selling off this week. they are higher today. markets setting new highs. it does raise questions about whether many of the biggest names are simply worth your money or not. doc, you've been talking about the banks being a good place to be. jpmorgan's cfo starting this yesterday whether brian moynihan, morgan stanley sounding the same sort of alarms. why should investors be in these stocks? >> you should wait for a moment like yesterday in goldman sachs and you see a $7 or $8 collapse. that happens. it happens in great stocks, jpmorgan, whether it's the whale. yesterday it was reaction to the venezuelan bonds that goldman sachs purchased for 31 cents on the dollar. people weren't questioning whether they were going to lose money on the bonds, they were questioning ethical questions about should you be supporting that particular dictator and so forth by virtue of basically backing h

so there is a general problem with 50% of the market >> hey, it's josh brown. historically, a flattening yield curve, obviously, if it gets worse and inverts, we're talking about something else but just a flattening yield curve has actually coincided with mid-cycle economic expansions and bull markets. so we're not early in this, obviously. by calendar year, certainly not. but can't we just kind of have these conditions, low and slow, have a flat yield curve, and have it not necessarily mean anything economically and continue the way we've been continuing and wouldn't that be normal for this point in where we are >> josh, that's a good point i think you can't look at the yield curve in isolation i think when you look at the past cycles of a flattening curve, let's say in the mid-90s, level of interest rates was higher so i would think of it as the yield curve is real growth but then you have to think of the nominal growth on top of that from inflation. the problem is, we have low inflation and a flattening curve. so it's low real growth, plus nominal growth bei

look at this tweet from josh brown, skipping the white house visit us the unanimous team decision.viral and got the attention of nancy pelosi who said this on twitter, the warriors leadership is inspiring. i would be honored to welcome the team to the us capital. nancy pelosi hitting with dove nation. that report was completely false. the warriors released a statement saying we have not received an invitation to the white house but will make those decisions when and if, they might go to the white house i might not go to the white house. >> the carolina panthers got that wrong. are you kidding me? you are a big carolina panthers fan. up next to take a look at this. what you are seeing on the screen is a petition for msnbc to stop hiring, quote, conservative white people. the person who created this position is upset, all fired up about msnbc hiring someone who served under george w. bush and this even has over 176,000 signatures and that might be because actor mark ruffalo promoted it on twitter saying sign the petition, tell msnbc and nbc news to stop the white conservatives hiring

. >> josh brown? >> just following up on nvidia. i agree with everything said. >> thanks to you for being here. have a great weekend. >>> thanks, scott. here is what's on the menu, why this is a bill murray "meatballs" it just doesn't matter market no matter what you throw at it. trump, comey, the uk elections, even north korea. stocks just keep heading higher. the real reason. bad news is still bad news, retail. we'll take the wraps off a new report. name names on a list of stores that might be in big trouble. and light fedex and domino's, we deliver. you've sent us your stock questions. a springtime special "power lunch" begins right now. >>> and welcome to "power lunch." >> sorry. >> brian mentioned stocks hit record highs midday. we saw the nasdaq turn lower. amazon, microsoft and google. the intradays are even more dramatic and a lot of volume at last check trading at the 125% of its average daily volume. extraordinary volume for a friday afternoon. and as stocks rally the vix hitting a 24-year low. financials big movers. among

with us josh brown, john terranova, erin brown with us as well. let's begin with the banks. flags, some executives are raising on that space. words of warning that sent many of those stocks selling off this week. they a

with us for the hour today, jim, stephanie, josh brown, jon, with us onset as well is joseph.nior economic's reporter, steve liesman and rick santelli. we begin this hour with the biggest question facing investors. if the economy is allegedly so good, the job market so robust, why do bond yields keep falli

. >> it's josh brown. >> i want to get your take on the ak kit, which some technologists are saying could be the platform to beat. then on the speaker, just a quick comment. do you really think three years from you, we're going to be sitting around and accessing the web via a device in our hand or is is it more likely we're just talking generally and the computers in our home, apple speaker or alexa, are doing the computing away from our hand. if that's the case, suspect potentially the home pod way more important than maybe it might be for the next six months? >> so, i'm of the view that our interactions with compete however you wanted to find it is is going to be more fragmented. to be more and more the silent, omnipresent thing. that's why i bring up the point about services. the things that people are accessing in that scenario, are what are going to create value. and that plays away from the slent. >> our home pod is going to be great for people who want good, quality sound, but some smart, i think that's a tiny fraction of the overall mark. on the first question, it's really, really

suddenly surging and the stocks you need to own right now with us for the hour today, steven weiss, josh brown let's begin with the ibb and xbi, the two exchange-traded funds that track biotechs making an impressive run. one that you areour own josh brw coming >> we have

why he thinks a bill pullback is coming with us for the hour today, josh brown, jim leventhal, and kate. blackrock chief equity strategist also with us today from minneapolis is pete najarian let's begin with that breaking call from tom lee, slashing his earnings outlook today for the remainder of the year and next the

with us today, josh brown, steve weiss, pete, krim cramer is is here, too.e's the host of "mad money. we continue with the continued tech wreck pressure across the board with many other technology stocks jim, nearly one-third of the s&p tech components are down 10% plus from their 52-week highs. i know

joining us for the hour, john najarian, josh brown who by the way was named number one most influential advisor by investopedia. >> thank you to investopedia. >> michael farr, ceo of farr, miller and washington. mr. wonderful himself, kevin e o'leary himself the markets have turned south. the dow jones industrial average is down 158 points about 3/4 of 1%. the nasdaq is your big decliner. that is down 1.73% we'll get more in the tech weakness coming up the yield on the ten year note is in fact inching a bit higher today. john najarian you pointed out before the show that there is a lot of things we can point to but that euro was weak what is the root cause of what we are seeing today? >> i think some of the comments from draghi and some of the things that have been going on over seas, not the lack of growth i know kevin's going to hit on that for sure because that's one of his big points about why you should be invested in europe, but i think people just decided to take a little off at the end of the quarter here, kev i think the europe spillover came over into our markets, brian, becau

. >> josh brown?ostco >> selling putts is bullish. >> have a great weekend. >> thank you >> maybe a better one now. "power" starts now >> forget the puts on pot. a multibillion dollar merger, a deal which seems to be generating as many questions as answers. we're going to talk about all of it, plus could all of this push walmart to make a splash deal of its own? it's gone deeper online. analysts say the real fight is now on outside of that president trump in miami this hour just landed and getting ready to unveil his new cu

investigation and what all of it means to your money and the markets w us for the hour today, joe teranova, josh brownise is here. so is carrie firestone, the ceo of

today a pair of disappointing data points we'll discuss all of that with our panel for the hour josh brown is is here. stephanie link, sarat and jon. also, andy chase is with us onset. morgan stanley private wealth adviser. barren's number one adviser for 2016 great to see you in person thanks for being here. >> thank you >> so, let's talk about the market today and i'd love your reaction first to what we're witnessing at the same time, we're hitting a new high for the dow, hitting a new low for the year in rates and that move has been stunning. >> well, the way i rook look at it is i think they're connected, very connected because i don't think the market hitting new highs is a result of growth and earnings growth. i think it's a result of how you value assets and when interest rates go down, it inflates asset prices everywhere. assets are worth the summation of cash flow in the future makes everything work a lot more >> you feel like this market is poised to reboot this rally last couple of days of sort of you know, been a little bit interesting with what's happened with these large grow

joining us for the hour, john najarian, josh brown who by the way was named number one most influentialby investopedia. >> thank you to

josh brown posted lots of videos of youtube of the auto pilot driving the car and fun to watch untilwe learned that he was killed when the tesla drove into the side of a truck in may of 2016. the ntsb ruled brown not paying attention, exonerating tesla. but investigators just opened the docket to the public. more than 500 pages. we can see what's inside, including new churs of the car after the accident. and more importantly, the raw data from the tesla sensors. see the output, the warnings sent to the dash board at least seven times that tesla alerting the driver his hands were not on the steering wheel. but he ignored them. tesla since made several changes to its auto pilot system. switching from a camera over to radar and more importantly if you ignore the warnings to touch the steering wheel, the car will now turn the auto pilot off. >>> dow 30 industrials and s&p 500 both closed at record highs on monday. the nasdaq did very well, reversing recent losses. apple had a day in a long time. now, the gains come investors are convinced that washington is going to push tax breaks throu

suddenly surging and the stocks you need to own right now with us for the hour today, steven weiss, josh brown, john na najarian let's begin with the ibb and xbi, the two exchange-traded funds that track biotechs making an impressive run. one that you areour own josh brw coming >> we have a massive breakout happening which is the equal-weighted biotech index as i'm speaking, this is occurring. we are now at the highest level since december 2015. that's more than a year and a half ago now take a look at the ibb this is your large cap biotech 300 has been resistance for a long time. looks like she wants to take that out here. if you can get above the 300 level, that's another massive breakout >> okay, josh, it is above that 300 level, as we have this conversation ibb is up 5% in a week xbi, 6.5 >> and what i want to know is not only did it take out 300, it's already 312, there's no serious resistance here until at least 320. there's nothing fundamental that's changed, but the xbi is up 8% over the last three days large cap biotechs going bananas. xlv, now at all-time highs, right this minute. an

if euro kyou are josh brown andg a large short stake, you're going to have an opportunity to get out of the stock and cover a large position. that opportunity was 2014. you had the chance many 2014 to cover the short. it has done nothing but continue to move higher since 2014. you have analysts raising price targets on this to 120. are they correct? no clue. but clearly, the pressure is on someone right now who is short this name. >> herbalife would say that i'm not saying -- it's like valiant. legitimizes in their mind once and for all that they have real customers and they're a real business. valiant's business, primarily, m&a, acquisitions, big acquisitions and raising drug prices and when you took away the possibility of doing m&a because the debt load got too big, you took away two cogs in the wheel, two spokes in the wheel of what was giving the company growth to begin with. >> so, okay. fine, but we can look at any stock and play that game. you're 100% right. i don't disagree with you. but they have real customers that were finding ways to pay for things that weren't so kosher

. >> josh brown? >> krocostco >> selling putts is bullish. >> have a great weekend. >> thank you >> maybe a better one now. "power" starts now >> forget the puts on pot. a multibillion dollar merger, a deal which seems to be generating as many questions as answers. we're going to talk about all of it, plus could all of this push walmart to make a splash deal of its own? it's gone deeper online. analysts say the real fight is now on outside of that president trump in miami this hour just landed and getting ready to unveil his new cuba policy. we will carry that live for you as well. i'm brian sullivan "power lunch" kicking off right now. >>> and welcome to "power lunch. i'm kayla tausche. at this hour stocks are mixed holding steady off the lows of the session. the nasdaq and s&p 500 both on pace for their second straight losing week. the s&p 500 hovering just about at that break even level retail names taking a hit following the amazon deal news and the dow turning positive up by about eight points. i

josh brown. >> bristol-myers. moving average convergence. they're all 54 and change right now. stock book set to make a big move on long. think it might be out. >> buying the september 70 calls, unusual activity right now. >> have a great weekend. >> you too. >> thanks for watching. starts now. >>> and happy friday everybody, here's what's on your power menu. clashing over climate change. ceos and big business slamming president trump's decision to pull out of the global accord. the white house expected to address the controversy in it's daily briefing. we will bring that live the moment it happens. it should be rather spicspicy. unemployment 16 year low, but still nearly six million open jobs in america. where are all the workers? we're going to highlight some new ideas to create even more jobs. and it is your disaster. stock cratering more than 25% this hour. we asked, can this company be restored? i'm brian sullivan, that pun will matter in a second. "power lunch" starts right now. >>> you might need some hardware to fix it. lock it "power lunch." the may melt up. all of the

. >> our friend josh brown -- >> what's he saying?n testified before senate banking about the won done whale loss. since then the stocks returned 200% including dividends i'm reminded of that phrase tempest in a teapot. easier to say that four years later. >> visiting the american, you know that great museum on the west side, naturalist museum just to get a sense of the whale. got some size to it. jamie dimon has done a great job but there's no successor i took myself out. we all have to take ourselves out. >> let's get to the opening bell [ applause ] the s&p at the bottom of your screen [ bell ringing ] the bill brother it is toll brothers 50 years celebrating their 50th anniversary over at the nasdaq it's amarin, cardiovascular health. congratulations to toll brothers today. >> yes, you know, the tolls have been old friends because philadelphians and doug yearley runs it now, they all come on "mad money" and they are a fabulous success story i remember when they were a little builder just started and now a national builder, beautif

aimed at president trump busted hours after spreading around the internet it started with cnbc josh brownmpions golden state warriors are quote skipping the white house visit as a unanimous team decision per reports. that has been deleted after the team says there is no decision or even invitation. just retweeted verified users on twitter said it earlier this morning. i have no idea if it's true hence per reports. okay. remember of the guy who wanted prison shackles instead of the old ball and chain. plans back fired. sentenced to six months of house arrest for robbing a bank after handing a bank teller a note demanding cash in kansas estimate he waited for cops to arrive. he told prosecutors he would rather be at home than at jail with his wife. now the only place he can be is at home with his wife. those are a look yacht at&t your headlines. abby: that the most bizarre story. thank you so much. steve: thanks, gizelleian. brian: tell you day, too it's june 14th. abby: november 4th. brian: november is a great month too. flag day honoring stars and stripes with a visit to the largest free

brown tells us if we're done with the minutes restrictions. we have special video of josh heart celebrating getting drafted last night. that's next. ♪ having a baby. caring for your parents. learning you have a condition. these are moments when people realize that where you get your medicine matters. and they look to us. cvs pharmacy. for advice. and ways to save money. plus, get up to fifty extrabucks each year just for filling prescriptions. switching is easy. we're here for you. join us. at cvs pharmacy. ♪ ♪ it's here. the first night your teenage daughter stays out way too late. but after three years of specialist cancer care, to guide her into remission, you couldn't be happier about it. aetna. you don't join us, we join you. >>> i'm john clark. the sixers introducing their number one overall pick markelle fultz today. he's thrilled to be playing close to home. his family and friends can get there in a few hours. here's markell with a sixers jersey. he wants to wear number 20. he's going to ignite the process and he believes the sixers will start winning with him here

mack brown defeated -- macron defeated the coming up next, it managed to stay dry, but hot. some rain to start the week. joshout for you when we come back. fios is not cable. we're a 100% fiber optic network. now with our new fios gigabit connection, you get amazing download speeds up to 940 megs, 20 times faster than most people have. and the price is amazing too for $79.99 a month online with hbo included for 2 years. leave cable's slower internet speeds behind. so hurry up and switch to fios gigabit connection for $79.99 with tv, hbo and multi-room dvr service for two years all with a two year agreement. >> you are watching abc seven news at 6:30, on your side. kimberly: baltimore health officials say they are running low on a drug used to counter opioid overdoses. the baltimore sun reports the city is rationing distribution of nalexone. it will not be limited to high risk patients. baltimore has 4000 doses until next may, and that will not cover the need. a maryland state trooper is recovering tonight after a close call on the

especially in southern california a state senator josh newman facing recall over gas taxes and raising them more is giving people pause. >>> governor brown leaves for china this week as part of a push for clean energy. but today, he slammed the president saying the president's views could not reverse the progress made in the fight against climate change. >> trump is not hurting the cause of climate change. he is giving it new life and vitality. because his denial, his statement that climate change is a hoax, is so absurd and so unbelievable, and so outrageous, that the grassroots, um, governors, people around the world, have galvanized and he is actually creating the exact opposite of what he wants. >> brown also vowed to keep california's ambitious plans to combat climate change on track. >>> tesla founder elon musk says he will dump trump if the white house pulls out of the paris climate deal. musk responded to a follower's question today saying that he will have no choice but to depart of the president's advisory council. earlier the billionaire tweeted, don't know which way paris will go. but i have done all i can to advise directly