our committee at the able today, josh brown, jim lethan that will, jenny harrington let's begin the markets. stocks lower again, wrapping up a turbulent week that has thrown the remainder of the summer in doubt. it's how we came into the week and how we're ending it are two different feelings you tell me what to do as we move forward here. >> it's deja vu. we saw it before we'll see it again. here's how it plays out. as we get close to the fed meeting we saw the odds of another cut, they were high to start with the markets get excited about that we could see trump flip flop he put the tweet out, didn't get much play from it because he was asleep, so wait until dude is awake if you're going to smack him between the eyes so i took off a little exposure as soon as the tweet hit markets at all levels, all-time highs, we're at high levels, getting nervous, antsy >> did anything change for you this week? you came in thinking powell has your back and then we leave the week wondering whether he does >> yep. >> now whether we have to factor in the negative impact of tariffs, which have already had a

." >>> first right to the market action, joining us for the hour is josh brown. what's turning things around here >> oh, my god, this is like what we live for, right >> it was pretty dire this morning. >> in the last five days, i have shift fred bearish back to bullish, then bearish, then super-bearish. i was lutheran for a minute -- >> now i know you're joking. >> i am personally highly susceptible. >> i know this about myself, and every investor should think about their own behaviors. i'm hidely susceptible to the lines i see in front of me not that i will react to all of them, but if you're not going through that, maybe check your pulse, that is what markets are designed to do, and i think the people that radically shift their views based on price act are the people who end up paying the volatility tax what led the comeback, reits, and home builders exploding, and the ongoing rally in precious metals, but tech came back, health care came back, what still is lagging, the banking still look terrible. energy has looked terrible for most of my adult life, still to

. >> jonathan, it's josh brown i read your note this weekend. for the people watching that don't necessarily have a ton of experience using technical analysis to come up with five points and sell points, what would you tell people witnessing a stock market that sold off 5%. should they be looking for names that have been hit the hardest should they be more focused on the stocks that have held up the best now because if we do turn, those should be the leaders in the next phase what would be like your blanket way of looking at that for people that are a bit newer to technical trading? >> if you're talking more of a medium term time frame say more than three months then i would say the latter those come out as leadership if we're talking the next couple of days and then anything is possible sometimes being down, bounce back but generally speaking you're better off going with the names that have held up better it's a little bit tough in this state because when you get the headline driven moves and everything moves together. it's a little more diffic

. >> does that mean that tech, josh brown, doesn't really have as much of a place in your portfolio? if we're looking at tech having the worst august since 2015, along with finances and industrials and materials, and you want to stick with what is working that's correct implies not tech impltsd well, what's working over what time frayed? if we pulled it back and look at that time it over 36 months, you would say i really only want to own tech and consumers discretionary, so i think this arbitrary turning over the calendar is actually not significant for professionals managing money i want to build on something joe said, which i think is the biggest takeaway i decided sometimes after memorial day that i was not going to be one of the people running around with mire hair on fire every time a president sent out a tweet or chinese media put out a counter-point. i want i'm going to have a good summer, read some books, focus on me. i'm not flipping open my laptop to swing cash back and forth here's what happened if you chose to ignore all the histrionics take a look at a 60/40 portfolio, v

of 2020 so have you time you can slowly build the position but i do prefer the position. >> for josh brown from nelson in brookhaven, georgia. josh, cgc, canopy growth. >> thanks, freddo. >> seems to have mel ode out are you still optimistic about their potential? >> that's a great question i am, and the stock has mellowed out. the whole sector has been under distribution if you look at all the publicly trade, quote, unquote, cannabis plays, one looks worse than the next and they are all terrible here's what i would tell you i have a very, very small amount of stock no intention of adding right now. this is the type of story that i would rather add to on the way up so i'm watching the 200-day moving average which is about 40 i want to see it regain that level and have that at least flatten out before i get excited about it i'm in here very small i'm not adding i don't feel like there's any urgency. >> okay. >> okay. >> you're responsible for everything you say on this show, okay not me, just you. >> okay. >> michael farr, for you from evans in tampa, florida long j&j >> yeah, and i like th

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trade representative using confirming that additional tariffs will josh brown it's been a safe spot for august it's entirely to be expected where bond yields. i was asking people today, you can have a 30-year treasury, or and whatever up side you might get. yielding 4.17%, plus a buyback, which one do you want? i was amaze d you don't think tl is volatile? or look at the balance sheet, too much dead. they're supposed to have a lot of debt. the other pushback is the bond picture details something recessionary >> but there are some categories better than others companies that have a business that seems to be less reliant on discretionary consumer spending. it's that they will provide padding or cushioning. i don't know how much cushioning there is left at these prices. >>> bo pisani is -- diving back into new controversial brexit headlines, and mike santoli nice rally. energy stocking keep going down okay, most of the stocks are down, and many are near lows routinely. they had very missioned everyone results. look at the months, and dillard's and khol's down, most of them down, their rall

it really hasn't recovered but i think it's attractive. >> josh brown?hs for reits and utilities. i think google is a name i like this name and i'd be a buyer. >> you would be an owner >> yes. >> mr. terranova >> motorola solutions, msi and i think it trades back to its march high at 225. that's where i think this will go big week, jackson hole, the dow right now up now 300 point, and that does it for us. "the exchange" begins right now. >> thank you, scott and welcome everybody. i'm becky quick in for kelly evans. here's what's ahead today. where did the fear go? a calm sets over the market since bond yields rise what has changed since last week we'll debate a new corporate purpose. for decades the ceos of the business roundtable have put shareholders first, but it appears the tide is turning and the group is redefining its mission. >>> and the great american consumer will a love for online shopping and fast food keep the economy and the markets going? we're going to begin today with the rally. dom chu has those numbers. >> it will today, and i saw what

. >> what about nvidia, josh brown? >> i don't have any strong views on it. >> why not you used to. >> i'm long. because i think that this is a company that let investors off the clip with guidance a year ago. they've gotten much more conservative that's helped. the stock has held up relatively well i think you have a global semi conductor problem right now. a lot of it has to do with trade. a lot of it has to do with demand in parts of the world where the economy is slower. it's not like nvidia can do anything about that. i think within semis, they address some of the growthiest markets. they're not in the wrong markets. >> that itself the good news the bad news is they cannot be -- they cannot be immune from the weakness that we see that's either trade related or economic slow down related. if are you a shareholder like i am you have to live through these periods of time. >> i'm in the semi conductor world. broad koym, is attractive. their shares are outstanding the ca acquisition is more synergistic than expected. a

rating $40 is the price target they like the growth story some of our traders like the growth story josh browns not on but joe is on you still own it >> still own it. you need reit exposure and store capital provides you that. certainly seeing revenue consistently growing on a quarter on quarter business. this is a reit that is a strong, slow, steady performer in your portfolio. i would argue there are other reits out there, scott, that you could look at in this environment. the largest which is ticker symbol pld that is a name i would look at equity residential you could look at that one, as well ess, that's essex property trust and other reits you could look at >> you talked about degree realty >> store has done a great job, the thing that worries me about it is that you're also buying a credit play. its arer great when credit spreads are tight and the market is doing what it is doing. of course, they say we use technology and understand what the ten vacancies are going to be all that falls apart like mike tyson says you have a great plan and get smacked in the face. so, if the economy does

it's our call of the day josh brown, the former uber investor. >> yeah. >> what about this one >> yeah still like uber. >> are you shooter rt of words? >> no. i still like uber better because uber is more of a platform and lift is like a taxi and limousine company. i'm still going to feel that way for a long time. the way they get to their numbers, 15 times ebitda in 20 -- what are they saying 2023 i mean that's what we're doing now? this is what we're investing for? >> 2023. >> fine, great it's 2019. i have other things to worry about and bills to pay right now. >> but you're willing to do a short-term deal on uber. >> not for this. >> because if i put in a short-term trade on lyft and then i'm in the trade. >> yeah. >> i don't feel like there are as many catalysts as in uber for other things of just outside of ride sharing to happen ride sharing is not a great business i don't care how much scale you have uber has other things happening like eats that i do think have bigger potential lyft is like hey we'll get you a taxi. >> you see the bikes in chicago. >> doesn't -- >> out of uber

josh brown talked about reits 36 times in the last six months near an all-time high. precious metals near a seven-year high. those are the things in your portfolio that are going to diversify the pain that you're absorbing right now. >> relative to -- i mean, so how big is your stock position supposed to be >> that's the problem is that investors have grown so comfortable because of passive investing in the last four or five years that all of the exposure in portfolios is on the equity side. because you have the federal reserve feeding liquidity. global central banks feeding liquidity and market is in a very benign environment with an 11 vix just go up 30% that's not reality reality is what we're facing now and the diversification of other assets get you where you need to be in a portfolio. last year i would say, look at the emerging markets if this cyclicality is coming back, look at the emerging markets and say as ugly and as bad as it feels right now from a rebalancing standpoint, i've got to increase my allocations >> jon >> well, i don't disagree with joe on that

. >>> you think brown is shrouded in controversy, have you met josh gordon.t suspension. he played 11 games from 2014 to 2018. he can participate in individual work out. he needs to clear hurdles to play in game. >> for the amusement of you, kids and pets, check this out, the greatest dodgeball victory this side of vince vaughn. ce vaughn. if you catch the ball you win. there's the throw. how about that catch. 2 inches off the ground. little league -- world series, the is a kid making a play, getting dirty. how about that at 12 years old. jason committee knutsen. i see water, wait for it. and it's klay thompson. he's on vacation. is there a dolphin. that's what i thought. they take you throughout the under water. >> rich people can afford that. >> maybe that's advanced therapy for the knee. >> that's a classic. >> that will do it for us. thank you for joining us. our coverage continues on ktvu plus it's live at 7:00 and join us again tonight at 10:00. ♪ ♪ ♪ ♪ the next american chinese original is here. new sichuan hot chicken. for a heart breaking limited tim

josh begley across. mike myers looking good. 13th win. says brown had little something do with the victory.ctacular backhanded catch in center field. go to the minor leagues, and you will see brown again. he did it with leather. now he will do with his arm. beautiful job. you can't get much better with that. keep in the trip -- a's in the lead. that is barely. mr. defense himself, matt chapman, that is a difficult play, reminding the elderly a bruce robinson right there. 2-1 final. a's looking good. >>> however, a mysterious the molarity, the early season for the giants. lots of roster changes. we will start with scooter gennet. johnny looks like one more minor-league. it is coming back from tommy john surgery. to tell marte took him deep. he pulled a hamstring. 8 any, 3-1. gerard dyson can't even make the play. mike all the way from 1st. cubs in with the dive. ronnie is the hero right there waving him home. two on. alex dickerson, a blind shot, turns into a double play. bad baserunning bilingual area. that ends a rally. look at the honeymooners. not happy campers. she did not want to go to

josh tra tree national park. >>> coming up a bit later on "cbs this morning," we'll mark the five-year anniversary of the death of michael browner who was shot and killed in ferguson, missouri, by a white police officer. and we'll hear from his father, police officers, and community members. >>> plus comedian hasan minhaj will join us to tell us about his new season of his netflix show "patriot act." >>> and we'll show you how lego has developed new bricks to help children learn braille. that's the "cbs morning news" for this friday. thanks for watching. i'm brook silva-braga. have a great weekend. -- captions by vitac -- www.vitac.com >>> live from the cbs bay area studios. this is kpix 5 news. >> now at 4:30 looking live at the chase center. the new home of the golden state warriors. good morning everyone it is friday august 9th. >> good morning. we've had some perfect weather this week. let's see if that streak continues, mary. >> it will continue. we're looking at similar conditions as we look at the rest of the workweek to end out the workweek on friday here. it's a cloudy start to the day. along the coast, temperatures a

brown hit the premiere of "angry birds 2," which opens wednesday. but that's not the only sequel i wanted to know about. just down the carpet is josh with you and you also are going to be in a new movie together. >> are we? >> "frozen 2." >> are you serious? >> yeah, i heard that. >> did you? >> confirmed. >> what, get out! i hope i get to be in something with him someday soon. >> that smile says it all, even won't he verbalize it. and sterling is the busiest man in hollywood because right before the "angry birds" premiere same day, i joined sterling and his "this is us" family. tell me everything. tell me all the secrets. >> oka iera off. i think the first episode, like our universe fundamentally expands in a way people might not be expecting. >> a game-changing season four? >> i've heard that. >> a big twist of the premiere episode of "this is us." that's going to be kind of like -- can you tell me about it? >> of course not, i can't even tell myself that. >> milo has confessed "the world expands," as the cast held their first-ever emmy celebration brunch. >> talk to "e.t." then maybe some pancakes. >> "e.t." can confirm season 4

josh phegley is going to score. just like that, 2-0 oakland. mike fiers hasn't recorded a loss since may 1st. his 20th start, the defense helping him out. seth brownthe young kid making a catch in left center. thought that was good. how about this. base hit in the left field. now brown shed off the glove. how about the canon? perfect throw, you're out. a's win 2-1. they have sole second place in the american league wild card spot. cleveland has the top spot. life good for this youngster, cotton candy and waving to the camera. jeising along.the shift.ia had to leave the game with a limp. d tnter going, going, stays in the yard. mike yastrzemski trying to score all the way at first. we have a play at the plate. here we go. and yes, just beats it. he is in there 3-2. later in the inning alex dickerson lines in to a double play. tough luck there. giants 5-2, five back of the second wild card. >>> yesterday we took a brand-new or a tour of the brand-new chase center. it's so great, we went back in today. sports director larry beil sat down with some of the biggest names in the organization as we get closer and close tore that first basketball game in t

brown, he hit the premiere of "angry birds 2" which is out now. but that's not the only sequel we wanted to know about. >> joshn a new movie together. >> are we? >> "frozen 2." >> are you serious some. >> yeah, i heard that. >> what? get out! i hope i get to be in something with him someday soon. >> that smile says it all. even if he still won't. and sterling is the busiest man in hollywood because right before the "angry birds" premiere i joined sterling and his "this is us" family. >> tell me everything. tell me all the secrets. >> okay. if you turn the camera off. >> i think the first episode our universe fundamentally expands in a way that people might not be expecting. >> a game-changing season 4? >> i've heard that. >> it's going to be a big twist like the premiere episode of "this is us" that's going to kind of be like -- can you tell me abo it? >> of course not. i can't even tell me about that. >> milo and andy have the world expand as the cast hosts their first emy celebration brunch. >> there may be some pancakes. >> "e.t." can confirm season 4 will also feature more celebrity cameos. remember that s