we discussed this with josh brown earlier.ree was the market really expecting something significant? >> i think very little expectation baked into the market on infrastructure one of those things that really only applies from an investors' mind-set to a small subset of industrial stocks and construction stocks. i don't think it was a heavy bet but as a general matter, look, at some point we'll have to have a budget and a debt ceiling taken care those will be bigger issues and if the standoff continues, that could be a concern >> let's get more on treasure secretary mnuchin's comments on capitol hill ylon mui has that. >> he was testifying before the house financial services committee and told lawmakers he's been in direct contact with retailers about the impact tariffs on chinese goods have been having on their businesses, on consumers and on prices he said the administration has been weighing whether to remove certain products such as baby items from those lists of goods that could get hit >> i can tell you, i am monitoring t

joining us is josh brown still with us is courtney -- josh brown is still with us and also courtney gibson capital. so, mike, you know, we did see all the sectors end lower. we do not see stocks end lower at the lows. we were down more than 400 points on the dow at one point what turned it around? >> the low in the ten-year treasury yield was just before noon also the low in the s&p. the yields closed at their highs for the day. but they were at the highs yesterday closed on the lows a latest day sell-off. a little bounce today. i think you're just slightly more stretched to the down side in stocks. a little pick-up throughout the day. we started out 90% of all volume down we picked up throughout the day. so i don't know. it seems like the slowing, the selling maybe is getting slightly fatigued. i don't think the 200-day average is decisive but it's good he didn't blast below it. >> if you blast below it, you start talking at lower levels from here. if nothing else, that in and of itself can be comforting >> yeah, but in a flat market, it can be very noisy and if it were as simple as i buy

price target stephanie link also pouring money into three big names and wait until you see what josh brown, who nailed the burger trade, has to say now about shake shack's 34% run year to date "the halftime report" with scott wapner starts right now. >> and it is good to have you with us on this friday to debate the big stories of the day, joe terranova, josh brown, liz young is back. we begin with another strong day for shares of tech stocks due in part to word that warren buffett's berkshire hathaway has been buying amazon steph, you own it. you've owned it for a long time. i remember when you said it on this program what do you think of this one? >> i was surprised, obviously. it's had a nice run but the total addressable market is still such a powerful story for this company and for a lot of the technology stocks in general, and it's one of the reasons why i am overweight technology, but this company just put up 19% revenue growth, 27% gross profit growth, margins grew 300 basis points in both cloud and e-commerce i mean, they're generating -- i mean, aws alone is going to generate $35

can achieve what you're working for. ♪ >>> all right, time to answer some of your questions now josh browniel in london, daniel thanks so much for the question josh, i just bought jetblue, am i completely crazy >> yeah, stop. don't do that. look at it look at it the stock's the same price for six years, it's not going anywhere don't buy this >> okay. that was quick and easy. anthony in california has a question for shannon n.e.e. all time high, buy, sell, hold >> i think given where we are in the market environment utilities are becoming increasingly attractive although this doesn't have as high a dividend yield as some of the other companies in the space it's located in florida which is a great place to be from a regulatory perspective, and it has a renewable energy segment that we think is going to drive growth >> mike in west virginia has a question for meghan. best consumer staples stock right now is what? >> well, i don't pick stocks but i can tell you that we did increase exposure to consumer staples recently in light of the higher volatility and we do think it's a fair place to kind

l a of give and take for josh brown to turn pro at rugby. >> i did lean on co-workers a lot. they covered my shifts and i tried to pay them back. they like me, i like them, they scratch my back, i'll scratch theirs. >> reporter: the 31-year-old rugby player. >> in emergency situations, you've got to think on your feet. same being a paramedic. a patient walking, talking with you one minute and next on the floor, you got to figure how to ix it. i like to take the emergencies, continue to act with emergency. act with urgency. >> you don't necessarily need to know rugby to know that guy can do damage on a rugby field. >> the guy is a strong firefighter and off the field a gentlemangood man to put on the field and have fun. that's the idealpe rson. he knows anger but knows how to corol it. >> reporter: this captain's at assignment, makrugby stick in d.c. >> everyone's here for the same reason. dreaming about this moment and finally given the opportunity. very motivating to come out and know not only are you working yourself but every pern along your right and left is actually work

meet old glory's team captain josh brown. >> saving people by day, running them over by night.give and take for josh brown to turn pro at rugby. >> i did have to lean on my co-workers. they've covered or a lot of shifts and i've been able to pay them back. >> the job and the sport perfect sync for the 31-year-old forward. >> rugby is pretty much an 80 minute emergency situation. you've got to think on your feet. same thing with paramedic. walk and talking one minute and the next they're down on the floor and you have to figure out ow to fix it. i like to take those and act. >> have you seen the guy? >> i mean, come on. you don't necessarily need to know rugby to know that guy can do some damage on the rugby pitch. >> off the field he's a gentleman, a nice man, but o the field, he's violent. that's the ideal person. >> this captain's assignment? to make rugby stick in d.c. >> eerybody's here to prove something. everyone's here for the same reason i'm here. we've finally been given the opportunity. it's motivating coming out here knowing not only are you working yourself but ever

and that person is josh brown. >> hi, america >> you bought uber >> i did, but it's a trade it's notinvestment pim tell you what i was thinking i wanted to let things settle down a little bit. this is basically a stock that has not moved in price in almost three years. it's bee

us on this tuesday, here to debate and trade the big stories of the day thus far, joe terranova, josh brown, jim lebenthal and erin brown is back, portfolio manager. we begin the markets stocks are mostly higher this hour including apple which slipped into a bear market on monday the most valuable company on earth sliding a 20% from its most recent high many now say it holds the key to this market. the dow has regained its 200 day moving average you can't have apple roll over fully if you expect the market to rebound, can you? >> i don't think it's the only stock out there. of course it's important at close to $1 trillion in market cap and yes it's a bellwether for electronic manufacturing but it's not the only stock out there and there's good reasons why it's down. to your point, yes, if it were to rally from here, that would help support the market. but i'm not buying into the idea that it's the only thing, th only key that moves this market. >> not the only but if it continues to roll over, our point is how's the market going to recover and continue to rebound if the apple roll continues

welcome, good to have you with us on this friday, our investment committee at the table today, josh brown, gym lebenthal, steve weiss, jon najarian, shannon is here, the chief investment officer at boston private wealth. with us from raleigh, north carolina, as we said, mark, the ceo and the cio. good to have you back with us. let's begin with the markets stocks are lower on this final trading day of may president threatening new tariffs against mexico, leading to another down day. what's been an ugly month for investors, steve weiss, the ten year is collapsing down to 217 that's a fresh 20-month low. dow's going to have its sixth straight weekly loss, the first time in eight years. dow, s&p, nasdaq, their first monthly loss of the year what do we do with all this? >> i tell you what i did today today, i bought a lot of stocks this morning i bought some indexes but only because of the rebalancing that's going to occur at the end of the day and i think that's what drove the market into positive territory yesterday so for funds that run balance funds where they need to have so much in fixed

josh brown, what do you do >> i might take a shot at it with a three handle but i don't feel like i'm in a rush. i think this is fantastic. the company raised $8 billion, like, what more could you ask? the stock is fine. if you bought it because you had to make money in the first five minutes of owning it, you might be disappointed but how many people are really doing that most of the investors that came in on the ipo understood what they were buying, i'm sure they would rather see it at $54 because it would immediately validate that decision but life doesn't work that way. in the meantime you've got a company that's coming public with a huge market cap right out of the gates doing so on a day that the dow is down 300 points, a week where the s&p's lost 4% rejoice. this is a phenomenal thing for capitalism, for american business, and for investors. >> you think, meagan, this is about the market itself rather than anything about uber's fundamental current business standing, lack of profitability? >> so, it's certainly a difficult day to be having an ipo. i think that it's only today, y

a lot of give and take for josh brown to turn pro at rugby. >> i did hassle my co-workers a lot. covered myshifts, and i try to pay them back. they like me, i like them, they scratch my back, i'llcratchs. the >> reporter: the 31-year-old rugby. >> think on your feet. same with paramedic. a patient walking, talking with you one minute and next on the floor, you got to figure how to fix it. like to take the emergencies, don't act with emergency, acted withurgency. >> you don't necessarily need to know rugby to know that guy can do damage on a rugby field. >> the guy is a strong firefighter and off the field a gentleman, a good man to put on the field and have fun. ideal person. nows how to control that anger. >> reporter: and making rugby in d.c. >> everyone's here for the same reason. dreaming about this moment and finally given the opportunity. very motivating to come out and know not only are you working yourself but every person along your rightt and lef is actually working as hard as you. >> with the jersey, can't take it away. the first to wear an all-glory shirt. that's pret

soaring after hours reporting that beat on revenues in same-store sales joining us now to dig in, josh brownof -- trader on the "halftime report." welcome to "closing bell," josh. >> i love your show, sara. thanks for having me >> thank you it's mutual. i love yours as well we know you are a big fan of shake shack burgers and the stock. have you owned it since the ipo? >> i've had a burger or two. i've been long shack since the ipo. one of the most formidable business books i've ever read is "setting the table" by danny meyer. i said i would invest in anything this guy does because he really gets this important concept that if you take care of your employees they will take care of the location and your customers and then as a result the shareholder is going to win. and never has that been more evident in this sector, publicly traded quick service restaurants, than in the case of shack. so i've been long. i've seen the stock cut in half from where i've owned it i've seen it double. i've seen it all i've bought it over the years. and obviously now i'm very happy that wall street is catching on

just giving a big boost to one stock playing right into the china story it's our call of the day josh brownnew invest in you tip of maximizing your investment returns all coming up at noon on the half we're less than 15 away. have a good holiday weekend. >> you too, scott. >>> let's get to the cme group and get the santelli exchange. good morning again, rick. >> good morning, carl. it's so fascinating. there's so many interesting facets to the markets especially the way they align dmesedomesti and globally on the domestic front, in the beginning of 2018 in my opinion, that was truly the definition of goldilocks the economy was really heating up the global economy was probably being turned in a positive direction due to many of the positives going on in the u.s. rates were going up, always something that makes equity traders nervous, but it was the perfect pairing. rates were going up because the per section and tception and ths backing it, and the stock market looking at that made the obvious assumption that earnings and profits and revenue would benefit down the road. let's go to the why h

fundamentals we discussed for the last ten minutes, there's the technical issue too on the shares that josh brown spoke about a couple days ago on the show he said it was one of the two most important starts in the market, between apple and amazon listen to what josh told us a couple of days ago that the downtrend apple appears to be in. >> apple now has a 200-day sloping downward last time we saw that was more than three years ago that's not a good sign this is a stock that got decimated in december, down 23% from its peak, bottomed, staged a furious comeback but did not make a new all-time high and is now -- hold on -- is now down 17% in may >> so you want to pile that on top of what is already pi potentially a curious or worrisome china trade war. >> i don't care about that to be hon effort it's one stock we've seen before when apple underperformed that the market has done quite well in it. the margaret is way past looking at f.a.n.g., any part of f.a.n.g., as a judgment. >> it's a problem overall for the market, isn't it, if apple isin this downtrend? >> no. >> you're telling me the market's

and that person is josh brown. >> hi, america >> you bought uber >> i did, but it's a trade it's not yet an investment pim tell you what i was thinking i wanted to let things settle down a little bit. this is basically a stock that has not moved in price in almost three years. it's been the same valuation it's been higher, but once the dust settled after the ipo, it lost 40 briefly. i saw it in the high 30s and i saw the weigh in which it was accumulated very quickly i know some of that was the way that underwriters are supporting the deal and that's fine i don't really care that much about it a week later. but i have a stop just below the 40 level i might get taken out of it and re-evaluate. it's not yet an investment i do want to be involved in it, because i think my potential upside versus my downside with that stop limit in place is a phenomenal situation and this might be the type of trade that i have to put on multiple times before it sticks. once it does start moving to the upside, though, scott, again, it is something that i want to have on as a trade. and then i'll be listen

josh brown >> i want to mention walmart today they announced that they brought on a guy whose last three amazon and microsoft. very high level. he's going to be the new cto reporting directly to management walmart's chart is my favorite megacap chart, what's happening here, to me, looks like a monster breakout coming once it can clear 105, 106. not a lot of people own it yet i'm watching that closely. >> wow your favorite large cap chart is -- >> looks like the setup in disney recently. and disney ended up exploding. something very similar shaping up here. >> all right joey >> shopify awesome looking chart there going above 300 soon >> have a great rest of the day. "the exchange" with kelly evans starts right now >> thank you, scott. hi, everybody. here's what's ahead. yields are at ten-month lows and the dow is on a long weekly losing streak. this after president trump says we're not ready to make a deal with china we will break down what investors should do next >>> a pricing menu at the hospital the president is pushing for more transparency across all of health care. not just drug pr

you with us on this thursday here to debate and trade the big stories of the day, joe terranova, josh brown, done dejarian, high-tower treasury partner cio and one of barron's top 100 financial advisers we begin the markets and debate over whether to stay the course or sell some stocks? here's what our own jim cramer is urging investors to do. >> we had a terrific run so i'm blessing you to do some selling tomorrow other than that, i think we're in fine shape. overheated move definitely, but i still think it makes sense to stay the course. >> that's cramer last night, joe. just before the show, i heard you say a bought some puts. >> i bought puts because i am reacting to what i am seeing in the marketplace. what you have to focus on is what is your exposure? i took technology, the baiter in technology is 1.36 i'm trying in all of my positions to keep beta below 1.1. i've said this on the show over the last couple of months, having low beta exposure in a low volatility environment is the right way to design your portfolio. me stepping out and buying puts, just reacting to the tape right now

our investment committee with us today, josh brown, stephanie link,jon and pete najarian, also with us is gary, the former vice chairman at morgan stanley, former managing director of n newberger berman stocks are higher, including some notable chip names. the government eases some restrictions against chinese telecom company, huawei, josh, we play it like this market's been in a range because it can't decide which way to go, either the trade war and everything that comes with it is going to drive stocks lower ow the goldilocks scenario is going to drive stocks higher. which way is it going to go? >> it's weird. if i just gave you the headlines of the day, of the last six months, let's call it, if i just gave you the headlines and told you to guess that we'd be in a flat market, you would say, no way. you would definitely hypothesize it would be lower and i think that speaks to the fact that rates have backed off, consumer confidence, although it fluctuates month to month depending on how people's stock market portfolios do has overall held up regardless of the headlines, even though t

brown happens to be an ordained minister. they do a lot of different things on the show. this one takes the cake. or the doughnut. >> we are here with my buddy josh from lancaster. >> hey. >> and his beautiful wife. >> josh and vicki, they're fans of the show, they had roy officiate their wedding because they love doughnuts. >> hundreds of thousands of people are listening to support you and be proud of you and to remind you that love isn't simply happily ever after. >> is everything related back to the doughnuts. sometimes life will give you sprines sometimes cream cheese. >> you can do this too. >> this would be such an easy wedding to crash but nobody did. >> this dunkin' location gave everything for them. you have the cake. anytime they see a dunkin', in north carolina, there they are. you always remember your wife. >> it is my honor to pronounce you husband and wife. josh, you may kiss your bride. >> take note of this class because -- >> all it makes you want to do is take chemistry. riments are a real experience. >> that's the way you like a club. >> and sky divers on a mesmerizing free fall. >> it is out of this world. >> it is so beautifu