and kelly evans joining us here. coming up, jon najarian is looking at the predictions market to see if the uk is going to push to leave the eu, and the latest numbers and what it means to your numbers. costco and the dollar is on the move. not much in retail, but they have picked up, and we will talk about it in the blitz. hi...i'm pamela yellen. you may have read my bestselling book "the bank on yourself revolution". over the last 25 years, i've researched more than 450 financial products. i found that one of the best-kept secrets to help you plan for your retirement is the home equity conversion mortgage. it's a line of credit for homeowners age 62 or older. and it's offered by a company you can trust- one reverse mortgage, a quicken loans company! call one reverse mortgage now to get the details. their licensed experts will tell you if you're eligible, show you the line of credit amount you qualify for, and will send you a free information kit. the home equity conversion mortgage line of credit is even better tha

kelly evans joins us with a look. >> wilfred, sarah.ut with us for two hours. the former ceo of young brands. you were talking about disney and other areas to discuss. jamie dimon is going to be joining us as well. we're going to be talking to ken rangone. remember, i asked at the conference last week, was there any chance that kasich was your guy. he is like, stop it, stop it, i'm a trump guy. first, though, guys, kicking things off this morning, we're going to are richard fisher for the first hour talking about fed policy. steven parker is going to join us. and donald remote of via. that's the ride sharing service you can use here in manhattan. >> i've heard of it. and people have told me to use it because i'm an avid uber user. and it seems so much cheaper and better so i'm going to use it. >> i'm going to try it. >> the way i understand it, i haven't used it myself, my producer jen has. you're often sharing a ride with people. it's like guaranteed. it's gotten popular very quickly. and the other big guys are doing the pool riding as

i'm kelly evans. >> i'm bill griffeth. you are wise, kelly. that's the "walking dead" theme song.ou see there the man who plays daryl dixon will be here. norman reedus will talk about his new show called "ride." and, of course, kelly will be interested in this. who killed egan. >> we've gotten more discussion. amc has if the new thing coming out. we'll have plenty of questions with norman reedus. >>> we've got an interview with howard schultz, ceo, about his push of starbucks to china. >>> and you saw it live here on cnbc. donald trump wrapping up the news conference after clinching the nomination. we'll talk energy among other things coming up. >>> ceo at the happiest place on earth isn't hopeful with bernie sanders. we'll tell you what's going on with this one coming jup let's start with u.s. foods, their initial offering, and how that may help the ipo thaw a little bit. mary thompson on the floor. hawaii, mary. >> hi, bill. things were quiet but now it's hopping. u.s. foods was one of four stocks to make their debut here at the new york stock skparng. let's take a look at where

i'm kelly evans. >> i'm bill griffith. stocks are off the lows. dow about 170 points. shares of apple have been dragging the dough lower. it's hitting a two-year low. we go live to the nasdaq to see what's behind that move today. >>> donald trump and house speaker, paul ryan are committed to unifying the gop after today's meeting. judd greg is on the fence. he'll join us live to explain why. >>> meantime, a war of words on cnbc between j.p. morgan head jaime diamond. tell you what's behind that controversy that's been brewing for a while. >>> after the bell, wilfred frost has an interview with bank of america ceo, brian moynihan. stay tuned for that. >> look forward to that very much. >>> now, the retail pain. shares of coal sinking again. >> the hard times for traditional retailers might not be over anytime soon as amazon continues to outperform. they were out yesterday with a note reiterating the preaddition that amazon could become the top clothing retailer next year, 2017. how big of a threat is amazon to traditional retail? let's bring in stacy and cou courtney re

i'm kelly evans. we've done out with a two day gain here.dding 14 and nasdaq adding 13 and more earnings on tap this hour. susan li covering some stuff. and more. and joining today's panel. michael santoli and carol roth. and christine short. tim seymour. good to have everybody along. mike, thoughts on this rally an wall street? >> we were looking for the possibility we got some follow through. this is the first of four weeks we've had one day when we got a nice pop just like yesterday's. the previous three fizzled the next day. i looked like we were in better condition to get follow through. we did because the bank stocks participated more than fully. you obviously got oil bouncing again. and i just think in general there was this month end feel. people didn't feel like they owned enough stock in general and enough growth plays that i wanted to do some buying before month end. if we look at now versus the last time we were at this in the s&p, things are ever so slightly better in terms of backdrop. in terms of oil. but that doesn't mean it

i'm kelly evans. we got the jobs report at 8:30 this morning.tly negative but we went out with 789 points gain. about a third of 1%. teen nasdaq which we mentioned really has been a laggard of late was able to add 19 points or about 0.4% today. still on your screen you can see the s&p reporting their second straight week of losses. coming up, we're going to talk to astronaut buzz aldrin and space exploration, the 2016 election and more. we have mike san foley along with cnbc tribtder. for more guy adami joins us as well. thanks for stopping by, guy, as well. let's talk about the markets. we closed positive. e heard what matt cehslock talking about. why was the ten-year yield up? >> that's a good question. i think it does come down to coming into today's jobs number the market did put on that very defensive trade. so, you know, the treasury was down from 1.93 to about 1.97 in ten days so bonds were potentially overbought and pricing in even more of the slowdown story and the jobs number clearly a disappointment but nothing that really dushs the o

i'm kelly evans. >> and i'm bill griffeth. we still have one more hour of trade to go. we'll talk about what fed chair janet yellen did. some markets definitely moved on her comments. >> and verizon reading a deep with the labor unions. what it could mean. the jobs number next week. >> plus, why the long tsa lines could make this the summer of the road trip. and what happens if gasoline prices start to go up again? we have a recap of that coming up here. >> but let's start with today's top story. that speech from janet yellen, steve liesman, where she did. >> she thinks it's headed toward a 2% goal with the oil prices up and dollar stabilizing. she said in a conversation at harvard she expects the economy to strengthen and rates to rise. >> it's appropriate and i've said this in the past. i think for the fed to gradually and cautiously increase our overnight interest rate over time and probably in the coming months such a move would be appropriate. >> that's in line with what other fed officials have said in the last several weeks. ultimately the data is going to determ

i'm kelly evans of the new york stock exchange. >> i'm bill griffeth. that would be paula abdul's "cold hearted snake" that you're listening to. the pop star will join us live on set. very exciting. in fact, kelly and i plan to audition for the new season of "so you think you can dance." we do a mean tango. >> it feels like that. >> yes, it does. >> apple is getting a bump. apple getting a bump up 1.5%. suppliers are preparing for big orders of the iphone 7. plus, tim cook is finishing up that big trip to india. we'll have details. >> catchy tune. >>> meanwhile, bowing inking an $11 billion deal. with the arms embargo lifted we'll tell you what other defense stocks could be affected by this as the president continues his affect through vietnam. >> a big win for bank of america and the justice department. they'll no longer have to pay $1.3 million for a countrywide mortgage stamp. let's start with the gains for apple and its suppliers today. bertha coombs monitoring it. >> apple accounts for all of the gains that we've seen on the nasdaq 100 right now. t

i'm kelly evans. looks like they might have gone out on a positive.ith the transports down significantly, we told you about that. the dow up nine points on the bell there. we'll see how it settles. it looks like the s&p couldn't quite join it down half a point to 2050, the nasdaq down to about 8.5 to 17. get set. it may not only be mariachi band part 2 but a cinco de earnings. we have josh lipton, kayla tausche, and kate roberts. thank you. very with mike santoli along with cnbc contributor stephanie. hello, everybody. >> it's interesting. are we waiting for the payroll or what? >> it's been imbalanced. that's not a great thing. i don't think it tipped the scales one way or the other. it kind of sat there for a while. that's the year-to-date flat line 20678940 people are looking at maybe going to say this is more than a little pullback. i do say the market has taken on a bit of a defensive tone. the treasury yield down to 1.74 or something like that on ten yoo ten-year. >> it's true. at the same time the dollar index, we're watching that. then oil was

i'm kelly evans. a down day across wall street.oks like wall street is going out with a decline. the s&p down 18 and the nasdaq sold off into the close, gave up 54 points on the session, better than a 1% trop. investors are getting set for another earnings barrage and that includings results from cbs. etsy. match and zillo. we'll see all of those coming up. joining the panel we have less santoli. michael. start with you and some thoughts. we did kind of weaken into the close. ail day. it was pretty negative. >> it seemed to have backed off. it was overnight stuff that drove the market. i think we tested mulch stocks could test the mackerel forces. i don't mean they're all bearish but they're confusing and got stretched. this yen rally against the dollar, they can't figure it out and it keeps carrying farther. so all those things, i think, just created a little bit of a gut check for what this rally is. >> in the last hour they mentioned it didn't help sentiment but you could have seen that going the other way, right? maybe it with

kelly evans wrote that. >> there she is. dennis, mike, thank you so much for joining us.gins right now. >>> "fast money" does start right now. i'm melissa lee. traders on the desk are tim, karen, steve and pete. tonight on fast, noted investors raul paul is back. he's been waiting all year to get toward the market. he just did it. why now? he's here to explain. berkshire's $1 billion bet on apple. if history is any indication, buffe buffett's bets don't always turn out for the best. we'll discuss that. first, we start off with a rally. while everyone was obsessing over berkshire's latest buy, what really dro

i'm kelly evans.n negative territory most of the day, the dow declining 92 points, about .5%. the s&p 500 gave up a little more than a third. the nasdaq gave up about .5%, about 27 points. retail earnings, brace yourselves. courtney reagan will be covering gap and ross stores. susan lee is following chip equipment maker. we have mike san tolly here along with rob cobs, reuters breaking news. guy adami joins us as well. mike, start us off here. there's a sense yesterday with all the discussion about the fed that, would the market be able to withstand this major shift? is the answer starting to be, well, maybe not? >> maybe not so much, but i also don't think the reaction has been particularly violent or dramatic. basically this new picture of the fed is looking for an opportunity to raise, wanting to get on investor's radar in june or july is a live time when they might raise interest rates. it didn't strike a market that was already giddy, already at highs. i think we continue in that mode right now.

i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. stocks ticking a leg lower in the last couple hours of trading. it's not the skegsary weighing on the markets. financials and staples are getting hard hit. we'll see if the market can come back in this final hour, which is an options expiration date, by the way. >> that's true. meanwhile, watching apple make a $1 billion investment in the china's company like uber. >>> meanwhile, donald trump takes a swipe at amazon ceo jeff bazos. >>> chairs of intrexon down. the company ceo will join us live to respond on the back of their earnings, too. that's coming up. >>> let's get to what's behind this selloff. mike santolli joins us. >> there was nothing too specific in terms of news but all day the markets traded a bit heavy. i think you want to point to the flattening of the treasury yield curve. rick santelli has been talking about all day. two-year yield is up. longer terms are down. that's a slow growth signal. also a signal the market is sniffing out the strong retail sales data along wi

kelly evans wrote that. >> there she is. dennis, mike thank you so much for joining us. "fast money" begins right now. >>> "fast money" does start right now. i'm melissa lee. traders on the desk are tim, karen, steve and pete. tonight on fast noted investors raul paul is back. he's been waiting all year to get toward the market. he just did it. why now? he's here to explain. berkshire's $1 billion bet on apple. if history is any indication buffett buffett's bets don't always turn out for the best. we'll discuss that. first, we start off with a rally. while everyone was obsessing over berkshire's latest buy, what really drove the market today is what's been driving it all year long. that is a rally of energy and materials. this was called the dash for trash trade. is it now the global recovery trade. >> it's the global reflation trade. whether it means the world's okay or not, i think are two different questions. whether these things were oversold or not is part of the story. the fact that i think commodities have put their bottom end, and that's -- i'm not going to hedge

bought it in the afterhours last night because it was overdone, and on "closing bell" talking to kelly evan, and i said, okay, over it. sold half of the position, and i would have held if i could have blown an option position, and which don't trade afterhours, options, so i had to trade the stock. and the stock popped $3 off of the low, and hanging in here right shy of the 102 level. so it is not a hand wringing quarter at all for disney. like you have all said because of the aggressive run to the upside, yeah. you could take some off. >> and some relief from the espn side? >> i did. it is a much smaller shrink. >> and from the other guy? >> well, the shrinkage is much less. >> yes. >> and the college football season. >> than iger threatened when he made the warnings months ago. so it is reasonable. they missed on threef of the main revenue inputs, but made it on two, and the misses were not bad >> the stock is at 11011.79, and 4.5% slide on shares of disney. and here is what is to come. >> showdown over dish network, the man with a $100 million shortage on the stock joins us from the bull

i'm kelly evans along with joe kernin and scott wapner. becky and joe are off.e'll have richard fisher who joins us in just a moment. and david novak will be our guest host. we'll talk to target chairman and ceo brian cornell. home depot co-founder to talk politics and later, we'll talk to chairman and ceo jamie dimon. in the meantime, let's get a check of markets. overnight, it's taken a turn for the worse. the dow jones future is opening lower by 51 points. s&p by 5, nasdaq giving up 14. weighing on the dow, of course, is disney. overnight in asia, the nikkei is managing to turn a little higher at the moment. the shanghai composite a little in the green. european equities, this one interesting to watch. a couple cross-currents to watch. german dax down 1%. france's cac, down almost 1%. and taking a look at crude, too. we got inventory numbers yesterday. after noon, we'll get more information this morning. wti, that looks down it's almost 1%. hovering a little bit over the $44 a barrel mark. brent for its part giving up about 0.5%. right around 45. a little hig

kelly, evan, thank you so much. >> thank you. >> christi. >>> a massive explosion seen outside baghdad. look at these pictures coming in, after isis attack a gas plant there. five police officers were killed in the attack, and three storage tanks caught fire, as you can see. 13 other people were wounded. this is an attack that started with two suicide bombs, then six militants tried to storm the plant. it was stopped by security forces. >>> also, we want sthoe you pictures of a massive fire that broke out in brazil. it happened about 5:00. it destroyed several houses. one person was injured, but no deaths have been reported. >>> two vehicles catch fire near disney's animal kingdom in orlando, after an suv crashed into a bus, 11 people are hospitalized, eight other people were not injured. >>> red hot chilli peppers front man has been hospitalized. the band had to cancel the concert, and no word why he had to go to the hospital, nor are we getting word on his condition. we'll keep you posted on what we hear. >>> this massive biker brawl in texas, you'll see the beginnings of it here lef

i'm kelly evans at the new york stock exchange. >> welcome back. i'm bill griffeth.today. well off the highs right now. one of the reasons given is the major wildfire moves moving closer to the sands. i have a bone to pick, but that's for another time. we're live on the ground in alberta, coming up in a moment. >> we have an exclusive interview with dennis lockhart coming up. we'll talk to him whether a rate hike is in the cards. >> stay tuned for the news. earnings, wynn resorts,

i'm kelly evans at the new york stock exchange. >> and i'm bill griffeth. it's the last trading day in may. how fast time flies. boeing is the biggest drag. see it there in the bottom right-hand corner. we'll tell you what's behind that 2.4% coming up. >> meanwhile somchai niece companies get ready to become part of a key index. you see ftse is up there, attracting index of half a percent. we'll have details. >> it sounds like baseball but i will have an impact on the market. plus, new details on drama between two of the highest paid ceos. that would be viacom and cbs. >>> howard schultz says starbucks could be joining the rain, of cooled beer. we'll hear from him. we ask howard schultz about that. we start with the big day in china. how they could get a nice pop after the close of trading today. welcome back, bob pisani, hi. >> i wanted to stay in hawaii, but i came back because of you two. i want you to know that. that's why i came back. look. we may not get a pop in prices. it's the biggest indexer. right now they're behind the indices. so msci is in the

i'm kelly evans of the new york stock exchange >> and ai'm bill griffeth. commodity stocks are the big story. getting hit on the back of a strong dollar, concerns about growth in china. we have all the latest on oil, that move lower than particular. that's coming up in just a moment here. >> meanwhile, too much pressure on the fed. mob tair policy can't be the only tool used in this market. he'll join us shortly. >> peer to peer problems. it's sent the stock down. we'll explain that further. >> and as donald trump takes center stage as the presumptive republican nominee, how to trump-proof your portfolio. >> let's start with the decline in oil prices. jackie deangelus walks by. were you going to tell us than? no. it's all despite news of the wildfires in canada and a big shakeup with the saudi arabian government. its oil minister is being replaced adding more questions on who's in charge of the oil. >> let's talk about what this means for the energy markets. was this entirely unexpected? >> no. the mr. everything deputy crown prince he's really been setting

i'll kelly evans. >> and i'm wilfred frost. stocks taking another leg lower in the last hour. disappointing quarter for macy's sparking a selloff for retail and a rare miss for disney weighing on the dow. >> and now research shows the odds of hillary clinton winning the white house not as high as many assumed. former head of the economic council for george w. bush joins us to discuss how either one of them could impact the business world. >> and a new peek at the hyper loop. 0-60 in 1.1 seconds. phil lebeau is there and we'll have the latest del tails. >> holy cow. plus the governor of north carolina will join us to discuss the impact of that controversial bathroom bill that's caused hundreds, from businesses to boycotters to ban his state. >> take a wlook at all of the names being dragged down by macy's. sales missed expectations and also slashed its outlook for the year. that is its fifth straight quarterly sales decline. >> rick snyder who had a hold rating on macy's. we saw this take the whole sector down. is this telling us how the consumer or brick and mortar is doing? >

i'm kelly evans at the new york stock exchange. >> i won't tell them. i'm bill griffeth. a bit of rally today on wall street. the dow up more than 1%. we're just off the highs with the session now. housing stocks doing well on the back of the new home sales. tech is strong. >> speaking of tech, snapchat reportedly raising money at a valuation of $22 billion and all of the drama. we'll speak with a top venture capitalist about that coming up. >> and more evidence that we're not in the 20th century anymore, toto. esports coming to cable. why competitive video gaming could be the next frontier in the new world. >>> now coca-cola is stoning production in venezuela because of a shortage of sugar. wheel talk with a global economist about the impact this could have across latin america. >>> some of the stocks including homebuilders. mary tom sn is on the floor with the details. mary? >> hey, there, bill. markets rallying on the back of a strong gain in europe. then we have the housing data. there's also a bit of a short squeeze going on. volume is not that great. i'll tell you w

i'm kelly evans. we were up. we were down. finishing just about on the flat line.or the dow at 5 points. and the s&p fractionally higher. we'll keep an eye on that for you. 2040 the level there. and the nasdaq up about half a percent. embracing yourselves for more out the fed tomorrow morning. nevers are getting set right now for a big round of earnings. dominick choo, susan li, courtney reagan and urban outfitters. cnbc commentator mike --. and carol roth. welcome both. fast money trader steve gras sew will join us shortly. seems like we're up and down up and down. >> the market had to readjust to what was going on in the treasury market. not a full on panic. that is isn't the temper tantrum because i this i the idea that the fed officials wanted to inject more uncertainty was out there for a little while. so all that happened was you had to take away the trades that were based on the premise of no move through labor day. so really we're just adjusting to this new move. so i do think that there is this delicate balance. banks weigh up and bond light stocks getting

. >> kelly evans at the zone conference with a special guest. >> joining me is jeffrey gundlach.. and as mentioned we're going to get a ton of earnings here. we'll keep this focused in on that. let's start with what you basically said which is negative rates are causing deflation. am i going too far there? >> it's pretty obvious that negative interest rates are deflation. form of a tax on wealth but also outright deflation. if you have a hundred dollars and invest in a bond and you get 98 back at tend of five years, that is deflation. so it's not a good idea. >> it echoes what adam fisher told us previously as well. which you know what, it turns out there is a difference between having -- >> ever since the rates went negative in europe, the dollar has weakened and the euro has strengthened. same in japan. the euro stock market has underperformed the u.s. since they went negative. the japanese stock market has been terrible since they went negative. so one of these days the policy makers are going to realize that negative rates are a problem. but if positive rates are a problem an

i'm kelly evans. >> i'm bill grifgriffeth. so much for a sell in may. this hasn't been unusual lately during a rally of this kind during the month. since 2012 it was the last time that the major averages actually closed lower for the month of may. coming up we're going to look at the data and see whether this will continue that trend. up 111 points. >> investors are selling oil after a production by opec members. profit-taking could be a motive and remember oil rallied 27% in april. >> drug prices are under fire on capitol hill. as you well know, glak glak sew's an dry witty will be talking. >>> jackie deangelus has a story from us from the nymex. good afternoon. >> closing under 45 dlp a barnlts. you mentioned opec. that's certainly the big story today. analysts sur vaved expected to see opec's production going up from march. traders tell me they're not surprised by that at all. if we do see some sort of a freeze or accord, of course, these producers want to freeze at record levels so they can continue to pup its economic for them. what's going to infl

i'm kelly evans. >> i'm bill grifgriffeth. so much for a sell in may.hasn't been unusual lately during a rally of this kind during the month. since 2012 it was the last time that the major averages actually closed lower for the month of may. coming up we're going to look at the data and see whether this will continue that trend. up 111 points. >> investors are selling oil after a production by opec

i'm kelly evans here at the new york stock exchange. >> where they're celebrating 224 years. >> that's right. >> happy anniversary to the exchange. i'm bill griffeth. it's happened again. stocks giving back a good chunk of gains after new data shows inflationary pressures are increasing, and for some that's leading to more expectations that the fed could continue to tighten monetary policies sooner than later. we'll talk about all that. >> but take a look at home depot. it's the biggest drag on the dow today. that's after posting better than expected earnings. strong guidants too. our investors are throwing the baby out with the bathwater. we were asking about under armor earlier too. more on that is coming up. >> the so-called fang stocks, those that yuld used to be the hottest in the tech sector. two have been losing their bite lately. we'll look at what's behind the decline of their names and wherever they can recover. >> and we'll talk about the future of cable and we'll speak exclusively with the president of cox communications coming up. >>> meantime one of the stories that set t

i'm kelly evans of the new york stock exchange >> and ai'm bill griffeth.tocks are the big story. getting hit on the back of a strong dollar, concerns about growth in china. we have all the latest on oil, that move lower than particular. that's coming up in just a moment here. >> meanwhile, too much pressure on the fed. mob tair policy can't be the only tool used in this market. he'll join us shortly.

i'm kelly evans. welcome to the new york stock exchange that i'm bill griffeth. the dow could close down for the fourth consecutive week, something that hasn't happened since october of 2014. a couple of years there. we'll take you through the final hours of trading. >> and a new report that tesla suppliers are getting nervous about the model 3 production target. we've got news on the expectations. >> this is like a senior thesis. you've got a very ambitious thesis planned and the deadline is coming. you'd better plan for this. >> yahoo! bids, david faber says they're in the range of $3 billion to $4 billion, but will marissa want to sell at that price, coming up. >> carmelo anthony getting into it with macy's. there's one league that's in a laeg of its own. >> the shoe game is a little bit different. it's the right to consumers. i don't think people are going into stores buying shoes. everything is job line, websites, apps. >> he had more to say about that, too. we'll have that coming up after the bell. also including why he's wary of investing. remember his tec

i'm kelly evans. welcome to the new york stock exchange that i'm bill griffeth.for the fourth consecutive week, something that hasn't happened since october of 2014. a couple of years there. we'll take you through the final hours of trading. >> and a new report that tesla suppliers are getting nervous about the model 3 production target. we've got news on the expectations. >> this is like a senior thesis. you've got a very ambitious thesis planned and the deadline is coming. yo

i'm kelly evans. >> i'm bill griffeth. you are wise, kelly. that's the "walking dead" theme song. the man who plays daryl dixon will be here. norman reedus will talk about his new show called

i'm kelly evans. >> and i'll bill griffith. a two day rally for stocks as you have seen.owering higher. was up 177. just off those highs right now. bond king jeff gundlach says he feels this rally is nothing more than a short squeeze. we'll debate coming up here. >> weak numbers from tiffany and express hit the market this morning. but there are three retail stock market with momentum

i'm kelly evans. >> i'm bill griffith. stocks are off the lows. dow about 170 points.le have been dragging the dough lower. it's hitting a two-year low. we go live to the nasdaq to see what's behind that move today. >>> donald trump and house speaker, paul ryan are committed to unifying the gop after today's meeting. judd greg is on the fence. he'll join us live

i'm kelly evans. >> and i'm bill griffeth. we still have one more hour of trade to go.k about what fed chair janet yellen did. some markets definitely moved on her comments. >> and verizon reading a deep with the labor unions. what it could mean. the jobs number next week. >> plus, why theon

i'm kelly evans at the new york stock exchange. >> i'm bill griffeth.cking a leg lower in the last couple hours of trading. it's not the skegsary weighing on the markets. financials and staples are getting hard hit. we'll see if the market can come back in this final hour, which is an options expiration date, by the way. >> that's true. meanwhile, watching apple make a $1 billion investment in the china's company like uber. >>> meanwhile, donald trump takes a swipe

i'm kelly evans at the new york stock exchange. >> i won't tell them. i'm bill griffeth. wall street. the dow up more than 1%. we're just off the highs with the session now. housing stocks doing well on the back of the new home sales. tech is strong. >> speaking of tech, snapchat reportedly raising money at a valuation of $22 billion and all of the drama. we'll speak with a top venture

i'm kelly evans with the no. >> new york stock exchange. >> and i'm bill grif equity. it has more conviction than yesterday's rally. the energy sector so far is the biggest loser today, materials and financials are not far behind or ahead depending how you look at it. we're well off the lows. >> also coming up, hedge fund giant kyle bas

i'm kelly evans of the new york stock exchange. >> i'm bill griffeth.nake" that you're listening to. the pop star will join us live on set. very exciting. in fact, kelly and i plan to audition for the new season of "so you think you can dance." we do a mean tango. >> it feels like that. >> yes, it does. >> apple is getting a bump. apple getting a bump up

i'll kelly evans. >> and i'm wilfred frost. stocks taking another leg lower in the last hour. for macy's sparking a selloff for retail and a rare miss for disney weighing on the dow. >> and now research shows the odds of hillary clinton winning the white house not as high as many assumed. former head of the economic council for george w. bush joins us to discu h

. >>> hi, everybody, welcome to the closing bell, i'm kelly evans at the new york stock exchange. >>he red but off their lows after the new york fed president said a summer rate hike could be on the cards. >> walmart the biggest winner on the dow after its stronger-than-expected earnings. this after target's disappointing numbers yesterday. what is walmart doing right that target is doing wrong? >> phil mickelson ordered to pay back nearly $1 million related to an insider trading case. we have the details and the impact on the mickelson empire. >>> plus, what some are calling the anti-heart

i'm kelly evans here at the new york stock exchange. >> where they're celebrating 224 years. >> that'se exchange. i'm bill griffeth. it's happened again. stocks giving back a good chunk of gains after new data shows inflationary pressures are increasing, and for some that's leading to more expectations that the fed could continue to tighten monetary policies sooner than later. we'll talk about all that. >> but take a look at home depot. it's the biggest drag on the dow today. that's after posting better than expected earnings. strong

i'm kelly evans at the new york stock exchange. >> and i'm bill griffeth. fad devices, fad stocks.opro, fitbit, they're all being hit hard. we'll look and see whether the best days are whienld them with th

i'm kelly evans at the new york stock exchange. >> and i'm bill griffeth.s the last trading day in may. how fast time flies. boeing is the biggest drag. see it there in the bottom right-hand corner. we'll tell you what's behind that 2.4% coming up. >> meanwhile somchai niece companies get ready toec

kelly evans spoke to ceo howard schultz. the interview will be on closing bell at 3:00 p.m.rude oil. brent crude rose above $50 a barrel for the first time since october. wti is getting close. it's been as high as $49.97, so within spitting distance. >>> we got a strange story this morning. a pair of melons sold in japan this morning for a record 3 million yen in the first auction of the fruit this year. that's approximately $27200. the king melons are grown in northern japan. a supermarket from western japan won this year's auction. the melons are cantaloupe hybrid. the first auction of the fruit each year is the focus of national attention. now it's national attention in the united states. i did not know. the market will display the melons in the store and later auction them online. last year the priciest pair of melons fetched approximately $13,600. wipe the dirty thoughts off your minds! young man. i am watching you looking at me talking about melons. i know what's going on over there. >> this squawk-ward moment has been brought to you by joe kernen. >> thank you. >> thi

. >>> speaking of starbucks ceo howard schultz, talking to cnbc' kelly evans, weighing in on the recessionverstatement to say we're heading into a recession, but clearly there is significant pressure and anxiety on the american consumer. you're seeing that play out in a number of the earnings reports that have come out recently by consumer brands and retailers. i think the pressure and the anxiety given what's going on in our political system is adding to that situation. >> do not miss this interview. the full interview which is on later on ne"closing bell." >>> the star wars films are full of deception and truth. if you ask our next guest, "star wars" offers important life lessons in this galaxy too. the new book "the world according to star wars" is with us. he formerly served as administrator of the white house office of information and regulatory affairs under president obama. cass, thank you for being here today. >> thanks for having me. >> i thought i was a "star wars" freak until i read your book in the notes. you have taken a much deeper meaning in this. >> i got into it because my

kelly ripa. the first guest will be abc late night host jimmy kimmel. on "the tonight show" jimmy fallen played a game of frozen blackjack with chris evans.> winner gets -- >> pitcher of water! >> and let's be clear. oh! >> where is the funnel ending up? >> yeah. i should have made that clear. you're going to go down your pants, big guy. >> i hate this game! >> ready? >> woo! >> it's like the ice bucket challenge to the next extreme, right? >> there is demand growing for us to do similar type stunts? >> oh, really? i'm happy to powur the ice. no, not the other way around. not happening ever in life, but thanks, though. i'm betty nguyen. this is erlted. this is erlted. quilted northern works their bathroom experience. just like they forgot conductor randy, who sees all and forgets nothing. at least he's not constable bob. >>> breaking news this morning is how we start the show. 270 is shut down at 109. what you have to do is get off on 109, take it over to 355 down to 121 and back to 270. we are stopped here because of a crash that happened just a short time ago. take a live look at 2

sue and joyce evans and sean bell and alex and dave and bob kelly and we'll go and pretty much everybodye that. >> sean bell. does can you imagine him? >> 6-foot six. doing his sun salutation. i will pay a lot of non see him get his downward dog on. >> somebody will take a picture and you'll sean land key and stretch out. >> there's no way he can get close to his toes. >> i'm betting on sean. isn't caught on camera a burglary suspect breaking into a store. there's the video camera that catches this whole thing in action. it gets weirder. he breaks in. but if you take close look he's only wearing sweatshirt around his waist and nothing underneath. he takes it off. we had to put that blur out. he's bending over. he's cleaning. >> certainly being naked is odd, but what was more odd for me is to see him sweep up the mess that he made. >> well, the naked burglar spent about an hour cleaning up the mess that he made and he had to get some hungry after that and little refreshments he had a beer. what goes with beer, chips and some candy. he's welcome to come over and clean at my house. i'll lea