with u.s., josh browne, steve leventhal, jon najarian.rt with the most-loved stock up 10% this is restarted the apple run. here we go 162 and counting >>

i still think it's going to go higher. >> josh brown?alphabet holding support, staying long. >> thanks for being here thatdoes it for us "power lunch" has more on hurricane harvey and the interview with paul ryan. >> here's what's on the menu, a very busy two hours ahead. taxes, health care, the threat of a government shutdown and trump agenda we have an exclusive interview with house speaker paul ryan just minutes away. and retail rally, abercrombie & fitch soaring, dollar tree, and others riding high as well is death by amazon a bit overdone bracing for the bit one, harvey just declared upgraded to hurricane status

with us for the hour today, stephanie link, josh brown, stephanie link, jon najarian let's begin with that partnership between walmart and google express, a deal that escalates a growing battle between the two shopping giants. josh, others are running scared from amazon. not walmart, they seem to be the only ones ready, willing, and able to be able to step up >> yeah, scott, we've been talking about this on the show a lot. i think, i think most of us were excited about the possibilities of the jet.com acquisition this takes it a step further and walmart and google, if both are going to be successful at what they obviously have to do in the next five to ten years, they kind of need each other google's got to figure out the voice internet because if display internet starts to become a dying incumbent thing, where are they going to put the adds? so if voice and virtual and things like that are going to be next, they've got to have an answer to it and google assistant has to have some utility that's where shopping comes in same for walmart obviously, ecommerce, if that starts going toward

and fidelity is making a big bet on bitcoin and so is josh brown.me on the panel today, we have cnbc senior markets commentator michael san toely here, hello again. dennis berman, whose financial editor at wall street journal. michael, there's an interesting pockets. look, this whole market overall, we've talked a lot about what's moving and what's not. but not only have you had so much corporate news. >> yes >> all of the big changes, it feels to me are happening in stock-specific stories whether it's the future of media. look at hertz today and the whole backdrop of course this morning concerns about north korea which seem to have evaporated >> all of these areas are kind of being put aside and in the penalty box by investors whether it's media with disney, obviously retail, generic drugs, you could throw them in that category as well all of these unvestable things are put aside, and yet the overall market at the index level manages to hang tough. not a flight but a very slow shuffle away from risk the market has softened up from the inside out i

whether reports of progress on the president's agenda is enough to stave off a correction for stocks josh brown is with us today, along with john and pete najarian also with us, chris hizey, bank of america global wealth and investment management, cio we begin with the snapback for stocks, which comes just as some have been predicting a coming correction dow jones industrials is up today by 150 points. so, pete, everybody was talking about, oh, my gosh, correction's coming could be big 5, 10, 15, 20% now we get these reports -- >> what in the world >> progress on the president's agenda >> right >> that's all it takes >> not only that, but we were talking about this yesterday, how about just the fundamentals of what we've gone through in this earnings season the combination of all of that, and then you start to look, we did get a little bit of pushback on some of the tech stocks they started to move forward as well but it's the financials. you start to get any kind of heat under that, moving these financials to the upside, there's a lot of different reasons. by the way, boeing, which continues t

>> you bet >> thank you >> all right joining us now for the halftime hour today, jim lebenthal, josh brown, steven weiss, and josh seecheng obviously, hurricane harvey is a big story. it's threatening oil, threatening gas, threatening infrastructures, and more importantly, it is threatening lives. cnbc contributor jeff killberg also joining the conversation. he's live in the commodity pits at the chicago merck jeff, obviously, this is a serious storm, people are still in harm's way. this is about life and death, first and foremost but what are you guys talking about in chicago, about the possible impact to the commodities complex from the storm? >> well, the storm has certainly put a bit in our guess we started the conversation on wednesday and have seen additionaled ed bbidding in ga. you talk about anadarko, shell, exxonmobil properly evacuating employees as they're going to be reducing that production. right now the focus, the oil is a little bit of a confusion. it was actually down 2% while gas was up 2 to 3% but right now it seems like the impact is going to be grow and grow and a cat

with us for the hour today, jim lebenthal, josh brown, steve weiss, pete najarian, erin brown is here as well. she is the head of asset allocation with ubs asset management let's begin with the market stocks lower this hour, both north korea and disney, playing a role in the pullback today, specifically the dow, of course, with disney there. the vix, up 10%. now north, pete, of 11 so do we need to brace, as gundlach told us we should, for more volatility in the days ahead? >> yeah, and i think, you know, if you listen to what he was talking about yesterday, he really did focus on his own positioning, in terms of bracing for volatility to actually increase and he's talking about how he's got hedges out there that are going out into the future. he's not saying, necessarily, today, based on north korea, he's just saying in general, when you have volatility this low, sooner or later, that's going to percolate into something. and i agree with him 100%. we talk about protecting all the time when it's cheap, you buy it. when the storm comes, you don't want to be buying your insurance policie

rice video but at the end of the day nothing changed because they allowed guys like greg hardy and josh brown after their run ins with the law over domestic violence. the words the great steve smith the man who played 16 years in the nfl said "what a shame the nfl acts like it cares" smith notice the truth, though. if you can make plays there always be a spot for you. the nfl remained consistent. not colin kaepernick no doubt about it being black balled by owners for quietly protesting last year about social injusti injustice. and by now you've heard every argument were you the problem i'm having is, nfl allowed folks facing domestic violence charges to play but kaepernick where they draw the line? huh? maybe greg hardy wore those pink socks while he beat his then girlfriend then jerry jones and the cowboys would have said, nope, can't have that in our locker room. oh by the way jones is being inducted into the hall of fame tomorrow night. >>> in closing, cap who has come out and said that he would no longer kneel during the national anthem continues to donate his time and money to charities

with us for the hour today, stephanie link, josh brown, stephanie link, jon najarian let's begin withpartnership between walmart and google express, a deal that escalates a growing battle between the two shopping giants. josh, others are running scared from amazon. not walmart, they seem to be the only ones ready, willing, and able to be abl

with us for the hour today, jim lebenthal, josh brown, steve weiss, pete najarian, erin brown is here head of asset allocation with ubs asset management let's begin with the market stocks lower this hour, both north korea and disney, playing a role in the pullback today, specifically the dow, of course, with disney there.

joe is with us today as is jim laventhal, josh brown, we begin with the markets major averages stillative for the month. i'll go to you first are the fundamentals of the bull market still intact or not >> i think they're

where josh brown was involved and other issues of domestic violence. the league was determined not to be embarrassed again. >> that decision from the nfl comes even though elliot wag -- was never arrested. that suspension would have him sidelined for the team's first regular season game here at home on september 10th. >> thank you very much, janai. i he has three days to file that appeal but this is the second year in a row where the biggest story going in the nfl season was a suspension of one of its star players. tom brady last year and ezekiel elliott. >> there are financial implications to this six-game suspension means he loses more than a half million dollars. >> that's a lot of money. >>> we want to move now and have seen that video where a woman is shoved into a busy road by a jogger. >> lawyers for the jogger say they can prove he was not the jogger involved. >> reporter: this morning an american businessman now at the center of this bizarre incident. the viral video showing a jogger appearing to push a woman into the road right in front of an

the when i do an interview all i care about what downtown josh brown wants to know, and i think when it comes to tax reform, the only two things, when is it going to happen and how much it's going to happen i think i got an answer to the first one. here'sry secretary steve mnuchin on the timing of tax reform. >> originally hour goal had been august unfortunately, things got delayed a bit. but we're on a track to get this done by the end of the year. you're going to see the details come out later this month. it's going to go through a committee process. and we expect the house and the senate will get this to the president to sign this year and we couldn't be more excited about the progress we've made. >> okay. so, we didn't get the number i did ask him is it going to be 15 or 20, 25 little bit the president wants 15 the wasn't ready to give up the negotiating position but sort of suggests it's going to end up at a different numb i can give you a timing thing but not a number one other thing i want to talk about is the issue of the differences between fed chair and the treasury over re

should you play it with us for the hour today, here at post nine at the new york stock exchange, josh brownephanie link

joining us for the hour, joe terranova, stephanie link, josh brown. we begin with stocks pushing higher once again today. josh, i just heard you talk about the xlf and the breakout it had >> 24 1/2 was obvious resistance once it came through on high volume and a lot of participation, meaning you had a significant number of names in the bank index, all breaking above 50-day, 200-day moving averages you knew it was on and you knew they would chase these names, because they do it every time. and it didn't have to necessarily coincide with good earnings, but the fact is you had good earnings, and look, i don't see any reason why you would look at this and say, this is a negative. again, banks are 15% of the s&p 500. they've been biding their time that is not like something that's been going on for years and years and feels long in the tooth. it could just be beginning and when you look at individual names, you're still seeing stocks at substantial discouns s to the rest of the market on almost any market you want to go by, whether it's peg i think there's

whether reports of progress on the president's agenda is enough to stave off a correction for stocks josh browns with us today, along with john and pete najarian also with us, chris hizey, bank of america global wealth and investment management, cio we begin with the snapback for stocks, which comes just as some have been predicting a coming correction dow jones industrials is up today by 150 points. so, pete, everybody was talking about, oh, my gosh, correction's coming could be

. >> this is josh brown. so i agree with part of that and we are overweight international names relative to u.s. names and i do think that there are cheaper stocks and more exciting opportunities elsewhere. but i want to go back to what understand earlier xhrks is twha the u.s. has only been this overvalued twice i think and i guess you're going by cyclically adjusted pe ratio. the problem with that statement is in-her rent in the way you phrased it we only have two observations. so i don't view that as scientific to point to those two instances and say both times we had a stock market crash so surely we'll have another. and then the second thing and i think this is probably obvious but who stating, the average tape ratio for u.s. stocks is something like 16 throughout history. but over the last 25 years, it's been elevated above that average 95% of the time. so why are we using that as barometer for even a three year outlook let alone a one year outlook? >> well, actually, i didn't mention the two other time

joining us for the hour to discuss all of it is josh brown. joe, john, and pete, we begin today though with a man whose memo was the talk of wall street recently a memo warning investors that the level of risk in the market may be getting dangerously high. howard marks is the co-chairman, he's with us live today at post nine and we are very happy, sir, to welcome you to our program today, thanks for being here >> thank you, scott, glad to be here >> this was the talk of wall street we spent a lot of time on our program diving into what you wrote. what prompted you to do this now? >> i just accumulate things all the time i read about this, i read about that, hear about that, come across this fact, and eventually, they accrue until there's enough to make -- to have meaning >> you know, it's funny, the stock guys say oh, you know, everything looks good. this can continue. it's the credit guys who raise the flags. i'm wondering what's going on with this that out today, modestly risk off in the overall positioning. jeffrey who was on our program th

also with us, for the hour, josh brown, jim lebenthal, steve weis kevin o'leary is here, the chairman

also with us, for the hour, josh brown, jim lebenthal, steve weis kevin o'leary is here, the chairman of oshares etf feflt investments, as well great to have you all here get to you in a second but i want to start with you, lee, if i could. why are you speaking out >> it's a good question. i don't have any dog in this fight. i retired from the board five years ago. i made a mistake i gave all my stock to charity i should have given cash, because the stock has almost tripled in the five years that i'm off the board. but i feel -- and i have, like i said, in dog in the fight. and i know and respect bill ackman so it's difficult for me but notwithstanding, i consider his behavior to be, in this instance, somewhere between foolish, inappropriate, and irresponsible. and i feel it's my job to speak out and speak my view. >> what was your reaction, though, when you sort of first found out that he was -- >> i was somewhat incredulous. let me explain, basically. ben graham wrote a book, i think in the mid-50s called the intelligent investor and he pott-sized in that book that an an analyst eva

very hard-line stance here after not taking that type of stance where ray rice was involved, where josh brownas involved, where there have been other examples of domestic violence. the league was determined not to be embarrassed again. >> reporter: that decision from the nfl comes even though elliott was never arrested and prosecutors didn't file any charges. he is expected to appeal and while we're likely to see him in tonight's preseason game, that suspension would have him sidelined for the season's first regular season game here at home on september 10th. >> thank you very much, janai. he is expected to appeal. he has three days to file that appeal but this is the second year in a row where the biggest story going in the nfl season was a suspension of one of its star players. we had tomearar b and now ezekiel elliott. >> it's worth noting, there are financial implications to this six-game suspension means he loses more more than $500,000. >> that's a lot of money. a lot of money. >>> we want to move now and you have probably seen that disturbing video where a woman is shoved into a busy r

should you play it with us for the hour today, here at post nine at the new york stock exchange, josh brown, stephanie link, sirott, pete najarian let's begin with a look at the major averages boy, what a different story it is at this very moment s&p and nasdaq are positive. the dow jones industrial average, knocking on the same door, as well. josh, this is a far different story from how it looked a half an hour ago. >> yeah. >> this is what it's come to >> this is the big pivot, scott! he's pivoting! >> we're looking at the future of employment for certain people in the white house, is now the main driver for stocks >> like, intraday in late august, when all the real money is out at gurney's, you know, yes. but bigger picture, like, i don't feel like this is really changing people's positioning, whether or not goldman sachs is going to win out over the clan inside the white house like, i don't -- i really don't feel like the position has changed that much. let's keep in mind, though, s&p was 2.7% off the high this morning at its lowest levels, but russell was 7% off the high. so if you rea

with u.s., josh browne, steve leventhal, jon najarian. let's start with the most-loved stock up 10% this is restarted the apple run. here we go 162 and counting >> right and the way they release them is right with one or two days left in the quarter the announcement comes yerba buena center in san francisco and it's available to the public with just one or two days of actual data, if you will and so i think that's likely to still be the case. i think they will still announce it and still have it available with just those one or two days at the end of this quarter >> josh, 200 bucks is that the point that investors and apple should be setting their sights on at this point? >> i don't know what market cap that would imply is that $1 trillion? >> that's over $1 trillion >> they're doing buybacks. 190? all right, listen, if the history books were written and apple became the first company in world history to be worth $1 trillion, i don't think i would fall out of my chair that's not a prediction or a price target, but i do own the stock. i've

josh browne, jim lebenthal, erin brown is here with us today, the head of asset allocation in the solution team. we also have leslie picker here with more details on this stake, that has everybody talking this morning. maybe earlier than ackman wanted, but the company outed him in some respects today >> they absolutely did and it sounds like based on your conversation with mr. ackman, that the company's perspective is a bit different than mr. ackman's perspective it's still unclear when bill ackman started build his position in adp, but according to the company, he first reached out to them on tuesday, which was nine days before the decline to nominate new board members. he told the company, he beneficially owns 8%, largely through derivatives. i'm told by several sources that he was able to meet with the chairman and ceo yesterday he asked adp to extend the decline by 30 to 45 days that's according to the company, because he planned to nominate five directors, including himself, which would give him control of the board that is according to the statement put out this morning by adp >> so

joining us for the hour, joe terranova, stephanie link, josh brown. h stocks pushing higher once again today. josh, i just heard you talk about the xlf and the breakout it had >> 24 1/2 was obvious re

with us for the hour, joe terranova, steve weiss, josh brown, and john spellengani. joe, i've got to turn to you first. in terms of what we're seeing, we're seeing the energy sector, the worst-performing sector in albeit a quiet session ahead of labor day. what do you make of it are we trading too soon on this in terms of the damage >> i think the importance is that the colonial pipeline will be okay. and given where we are right now at noon on monday, it looks like that is the case i think it's also important to understand that this is a very bearish event for crude oil, which is already in a bear trend. the department of energy is actively selling millions of barrels of oil out of the spr. in fact, 14 million, i believe, by the end of august so very bearish for crude oil. the refiners themselves have been in a downtrend. it's very clear that production will be down for a while there i'll reiterate what i said, though, last week. i think this is an opportunity over the next couple of weeks that if you've got yourself in the refiners, that you'd want to use any stren

. >> josh brown? >> alphabet holding support, staying long. >> thanks for being here thatdoes it for us "power lunch" has more on hurricane harvey and the interview with paul ryan. >> here's what's on the menu, a very busy two hours ahead. taxes, health care, the threat of a government shutdown and trump agenda we have an exclusive interview with house speaker paul ryan just minutes away. and retail rally, abercrombie & fitch soaring, dollar tree, and others riding high as well is death by amazon a bit overdone bracing for the bit one, harvey just declared upgraded to hurricane status, barreling towards texas now. we have the very latest on its path and what it could mean for the people of houston, the home of the biggest refineries in this country "power lunch" starts right now >> welcome to "power lunch." i'm courtney reagan, as tyler mentioned retail flying high but stocks trading in the narrow range. fed chair yellen and top central bankers meeting in jackson hole. we'll head there live. hormel fo

our friend josh brown said sometimes these interesting classes have consequences. >> look, i think that sorkin was saying this morning, the most buying group imaginable cfos and ceos who say i wish i weren't in the s&p a lot of what i do is being shot down by s&p selling. so it's a mixed blessing it's true, you want that buying power. but if you really excel, you could be brought down so quickly by, say, flash cash that happened in august two years ago. which, by the way, i am concerned about. remember that friday >> yes, i do of course, people made fun of me because i was like i have to figure out what's going on verizon was down 12 points. >> friday/sunday. >> two years ago when bullard said he wasn't worried about china. >> all the stocks gapping down for no reason. >> there was a moment where david said listen, i have to figure out what's going on priceless. >> yeah. >> priceless, right? some things are priceless. >> it was wrong. something went wrong. >> ge. >> verizon was down 20% at one point, something ridiculous. >> if you look at the charts -- >> i don't think that being in th

that's like a josh brown thing to say, don't you think? i don't know i'm just throwing it out there. >> could have been >>> stocks to watch today, becky. >> 21st century fox reporting fourth quarter earnings that beat analyst expectations. results helped by higher fees by channels like fox news and fs1 but revenue missed forecasts because of fox's broadcast and film units ceo james murdoch weighed in on disney on plans to launch the new streaming service. >> we remain very open minded about, you know, an independently price direct to consumer offering as well. we're certainly mindful of what we're seeing in the marketplace and we're mindful of how these things are progressing towards some other firms out there as they experiment with packaging as well. >> shares of 21st century fox up by 1.4%. we'll talk to a media analyst in a few moments about this >>> live nation reporting better than expected second quarter earnings the owner of ticketmaster and several live event venues saw positive contributions from sponsors, concert tickets. and pl

brown yesterday signed the bill into law. critics say that the law helps democratic senator josh newman survive being recalled in orange county. republicans hope to hold the recall election this november but the new law likely means it won't happen until next year. a republican win in that recall would take away the super majority in the senate. >>> 4:52 now and former president ronald reagan is going to be inducted into the labor department's hall of fame. the labor secretary made that announcement at ronald reagan presidential library museum in simi valley in southern california. reagan, a former actor, was also the president of the screen actor's guild in the '40s and '50s and led through three strikes to fight for better benefits. as u.s. president he fired striking air traffic controllers, banning them from government jobs for life and also decertifying their union. >>> a lot of us like to root for the underdog. coming up, the big dig into the numbers for the mayweather/mcgregor fight. find out who vegas bookmakers may be rooting for this morning. >>> but first, happening now, developing story out of russia. 14 people ar

brown yesterday signed a bill into law. critics the law helps democrat senator josh newman survive being recalled in the orange county electionsw likely means it won't happen until next year. the republican win in that recall would take away the democrats' super majority in the senate. this is what the focus will be later this year in the state legislature. in may the healthy california act would replace insurance companies with a single payer system. the speaker believed it lacked key details including how its costs will be covered. >> national park service celebrates its 101st birthday. fees are waived at all of the more than 400 national parks across the country. we looked closer overnight. about 139 actually charge admission fees including 11 in california, muir woods, $5 and yosemite costs $20 per vehicle and $10 per adult. >>> to the video of one of the biggest storms to make landfall. it's a plane full of storm chasers into the eye of hurricane harvey. on ground in texas residents are scrambling as the hurricane strengthens. it's expected to make landfall near corpus christi. a hospital sent critically injured babies to

brown, cnn, washington. >>> chicago sun times and washington bureau chief lynn sweet is with us and "the washington post" columnist josh roggin. thank you both for being here. let's listen to what -- actually, let me ask you about the statute of limitations. how far back can mueller go looking into the president and any of the people that are around him when it comes to -- when we look back at the clinton administration? they started with whitewater and ended with monica lewinsky. can we have a repeat of that? >> you can. there is a difference what you may charge in a crime and how long the statute of limitations may take and you follow the investigative stream which why this is a mass concern to trump because you don't know where the various lead go to and you may go down paths you never imagined just like who back in the day would have thought whitewater would have led to monica lewinsky. so when you think of what a chargeable crime is, it's a high standard. if you just try to connect the dots to figure out where you should be looking you could go wherever you want. in pamela's report when you the forensic agents and

josh bell williams in 1954. and he said among other things the time is at hand with when the states must reassert their constitutional rights. they must declare the black monday decision -- the brown decision -- to be illegal and invalid and be within no territorial limits of their jurisdiction. and then the one who organized the massive resistance movement said the unanimous decision of the court to abolish segregation and public education is not only sweeping but will bring implications and dangers of the greatest consequence. it is the most serious blow that has been struck in the rights of states violating their authority and welfare. they authored what was called the southern manifesto. and it was signed by 19 senators and more than 80 representatives, all of them southern democrats in congress. what's the effect of this? >> the effect of that which you summarized so viv utdly, can you imagine calling it black monday and signing this southern manifesto was precisely to encourage southern states to resist -- and the resistance was powerful. in 1959 prince edward county virginia closed its entire school system rather than obey the order to integrate. and it was closed for five

brown response, "i found that it advanced incorrect assumptions about gender, it is not a viewpoint that i or this company endorses, promotes or encourages." michelle, back tow >>> thank you very much, joshts talk more about this tech gender problem joining us now, the professor of the north eastern university and the professor that have written on issues of gender in tech. ladies and gentlemen, it is great to have you here it would be very easy to dump on these memos in a number of reason there is a lot of statements and etcetera and etcetera, what i thought is interesting is the writer says when the core arguments is if you assume that the reason there are so few women in tech is exclusively because of discrimination, maybe that's not correct and maybe all the governance processes that are in place trying to fix google and etcetera are not going to work and there are questions that need to be asked. >> of course, nothing is due to one promise exclusively. gender bias comes in a lot of ways and there are a lot of reasons why a number of women's jobs gone down because of rin crea increasing when tech was started, it was considered a woman's profession. >> why has the number gone down? >>