one of barron's and forbes top 100 financial advisers also with us from lake joseph, canada, is kevin o'leary, mr. wonderful is the chairman of o'shares etfs, a cnbc contributor. stocks are higher following the worst day in a couple weeks. all coming of course, ahead of the official start of earnings season banks this week, citi is up 2.5%, which you own. margen stanley is up, bank of america, jpm the banks have been moving higher into the number what does it mean? >> rates are moving higher i believe, i was talking to mike mayo about this before >> he'll join us in a moment >> they're purely proxies for rates at this point. >> that's it >> that's it >> not for loans or anything else >> no, not for the economy, purely rates here's why relative value trading is driving these. as rates go up, they look at it. i was talking to one person, very knowledgeable in the markets, they think 80% of trading now is driven by the boxes. so that's going to drive everything so look, do i think the earnings will be good yes, i think the earnings will be very good do i think there was what they expected to be

kevin o'leary of shark tank and everything, welcome.e been listening on this. >> yes >> you won last year on the back of apple. >> yes >> what's your take on apple >> this earn mog the buzz was so strong on beating the print on services past 30% that i -- that we put the position back on at 190.10 i was not an advocate for it because, you know, but you've got to listen to your crew what i find so interesting in the bull/bear debate is this a consumer electronics company hardware business or is it turning into a subscription software business or is it both? you see this movie before on hardware and margins eventually get crushed. is it happening here the euphoria -- >> is it becoming less of a hard wear business? to the overall revenue mix >> i know. and yet i own it again and i'm very happy i own it because in today's return alone annualized it's pretty good we'll probably stay in it, but to me if they can keep growing services at 30% how can you not own it because it's such a high-margin business and that was the big debate they came i

. >> all right kevin o'leary.r amd >> i own intel amd is fantastic print on pc chip sales took that stock to the moon. now whoos the king of pc chips it's intel they have interesting stories on wireless coming up >> thanks to all of you for sending them in, and a reminder accident keep them coming. go to cnbc.com/halftime. we'll go final trades. joe, we'll start with you today. >> axon enterprises. aaxn this is law enforcement. this is the cameras, the body cameras that police officers wear they're also utilizing this in the court system i think the stock is a buy they do report earnings. >> i thought you said lawn enforcement. law enforcement. all right. steph. >> dow dupont, it's a name that i have owned, and i have recommended it in the past it hasn't done that well this year on trade concerns, on ag issues and that sort of thing, but i still like the combination very much. it's trading at 9.6 times ebida, and you have sin ener jis. you have special situations going on there >> you like axon over scott's miracl

sector >> plus, the big call on big winner netflix is now the time to hit the pause button and kevin o'learywith us he'll eltell us where he thinks the market is headed we're ten mments away. we'll see you then >> and just as we get the emmy nominations regarding netflix, we're looking forward to it. >> when we come back, the untold story of facebook's early days you need to hear to believe. "squawk alley" will be right back are you ready to take your wifi to the next level? then you need xfinity xfi. a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. the surprising and untold story of facebook's early days, our next guest's book, valley of genius, takes a look at the roots of sillicon valley from atari to apple and facebook. congrats on the book thanks for joining us. >> great to be here. >> you have pretty sensational juicy tidbits here in this book from, and the way it's laid out,

>> yes, kevin o'leary, my ghost writer, my therapist and became my friend.n the process. >> stephen: most people don't give credit to their ghost writers. you're a very nice person. you should teach pre-school. >> okay! ( applause ) >> stephen: now, on the show, your character sings, and you also sing. how do you sing on camera? like, how do you i think the zing in front of people? because i like to sing sometimes. what makes me most nervous is singing in front of other people. >> music is my first love. it's one of the scariest things because i feel super vulnerable. sort of like standup comedy and you're really bearing your soul. kate is in the process of finding her footing as a singer, so if i don't hit a right note it's just, okay, it's kate, she's in the process. i lean on that. you use the nerves and everything. it is very nerve racking. also you have to do it -- people are just staring at you. they're not going to cap. not necessarily clapping on camera, right. >> stephen: sure. and like the first season when we did the time after time, we were in an

fast money friend kevin o'leary will be here to weigh-in we're live with the nasdaq market site in new york city's time square, lots more fast time square, lots more fast money still ahead. at cognizant, we're turning the industry known for processing claims into one focused on prevention with predictive analytics, helping them proactively protect the things that matter most. get ready, because we're helping leading companies see it- and see it through-with digital. 2, down. back up. our phones are more than just phones. they're pocket-sized personal trainers. [ upbeat music playing ] last-minute gift finders. [ phone chimes ] [ car horn honks ] [ navigation voice ] destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hundreds of dollars a year. it's a new kind of network designed to save you money. click, call or visit a store today. >>> we're finally getting to and hitting, and i think the fed's comfortable with their inflation target the feds reacting in a way that's po

good stuff kevin o'leary. >> i have not owned apple since february i bought it this morning at $190 .10, because i have fear of missing out on a print of 30% plus on services i want to participate. >> thanks for watching "power lunch" starts right now >> i'm michelle caruso cabrera u.s. and china looking to scale back their trade war that's the good news the bad news, major warning from wall street saying the stock market is headed for the biggest sell-off of the year just heard kevin o'leary talking about apple. it's getting ready to report earnings in just a few hours can it stop the tech wreck we'll get caught up in the recent fang meltdown >>> rising risks our cnbc special report on how severe weather is impacting america's real estate. today the growing crisis in one maryland town. "power lunch" starts right now >> welcome to "tower lunch." i'm tyler matheson the nasdaq the biggest gainer. almost up .9%. trying to snap a four-day losing streak haven't had one of those in several months april, if i recall gains being fuelled by a rebound in the fangz facebook and netflix, which have

to have kevin o'leary, mr. wonderful, part of our wine project that we're doing -- pretty excited. all right,s: let's light this thing up! ...at a lighting business that helps folks design their own beautiful custom fixtures... jennifer: we've got a three cluster, a five cluster, seven cluster. lemonis: ...the owner has taken diy to a whole new level. who's customer service? jennifer: me. lemonis: and who's the operations manager? jennifer: me. lemonis: and who does the accounting? jennifer: me. lemonis: jennifer brown built the company from scratch out of her house. jennifer: i joke, like, "is this jen's basement still, or is this a real business?" lemonis: and four years later, she hasn't changed her philosophy much. dustin: your name is already on this list three times, jen. lemonis: there's no clear structure in the place. there's not a clear mission. it's like, "okay, we don't know what to do." there's a steady stream of employees heading for the exits. cody: it's difficult to stay here. there's only so high that you can go. lemonis: the ones who've stayed question whether the

o'leary. >> that's refreshing i'd be lying if i said -- kevin that's a compliment obviously.n on top. >> thank you, tim. >> second quarter gdp out tomorrow expecting a big number but this morning economic data may suggest otherwise. steve leastman here with the rapid update on the economy. >> it's the number everyone is talking about. the president talking about it the treasure secretary talking about it the president just saying that there is a lot of predictions including some with a 5 on it that's correct let's look at the median 12 economists we have appear median 4.1% but it's 3.8 to 5.2% look at the 13 quarter not only interesting we get the outsized number in the second quarter but hold a bunch for the third quarter with an oversized number there too. if you think about the trend 2%. now 3.1. the estimate is what we hold on. here are the estimates barkleys has the highest number. we had data talk about that in a second but they didn't change amherst. 4.7. moodies does the forecast with bank of america and goldman and 4% and atlanta fed came down a lot at .5% deutsche b

and we've got kevin o'leary and also joining us is chairman -- travelers was the biggest loser. and over on the s&p 500 nap on was the winner and ebay the biggest loser. >> i do think you're playing an expectations game with earnings. really stocks up 4% by the s&p in 12 sessions this market does get fatigued really easily. >> we're going to discuss markets with all of the panel more in just a moment. but let's turn now back to that big interview in washington. president trump criticizing the fed and its plan to increase interest rates talking with our joe kernen today the president said, quote, i put a good man if the fed. i don't necessarily agree with it because he's raising interest rates. i'm not thrilled because we go up and every time they go up they want to raise rates again i'm not happy about it, he said, but at the same time i'm letting them do what they feel is best mike, your take on that particularly -- >> mike had to calm me down earlier. >> i really like we had lindsey on reacting to this earlier, the former cea chief and he said on a trump adjusted basis this is

kevin o'leary and bill snead let's have look back at the markets. some stocks across ral aelg.he russell had an intraday all-time high but sold off the s&p up about 0.3%, and our next guest says it's main street that should be worried david stockman the former omb director under president reagan explains why next. >>> plus hackers have a new favorite target and it's probably one you would never expect find out what it is and why it could end up costing you a lot of money >>> and we want to hear from you. you can reach out to the show on twitter, fates book or send us on e-mail and personal handles as well. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. [stomach gurgles] ♪when you have nausea, heartburn, indigestion, upset stomach, diarrhea... girl, pepto ultra coating will treat your stomach right. nausea, heartburn, i

kevin o'leary, aka mr. at the georgia aquarium. donning a custom wet suit and tie. >> all right. nice suit. nice suit. >> all right. i'm ready to go. >> reporter: getting up close with the biggest fish on the planet. >> it's totally peaceful and very quiet. so you see the size of it. >> reporter: the whale shark. as long as 40 feet and weighing in up to 41,000 pounds, this endangered species makes a victoria white look like a guppy and mr. wonderful, well, fish food. >> how are you, buddy? shark meets shark. >> there you go. >> full throttle. >> reporter: real estate mogul barbara corcoran is cruising and competing along the florida coast tagging nurse sharks with scientists from the university of miami. >> well, he's going but he's a lot better looking. >> reporter: the critical data from these sensors will help researchers learn more about the habitats of the underwater predators. >> they're measuring them and taking samples of their blood to see how healthy they are. >> reporter: and maverick shark mark

margin expansion in a company this large, that is a powerful if i recall and investment feed >> kevin o'leary has talked about that on cnbc thanks, carter, good to have you on >> good to be here. >>> coming up, an attack on iran is likely to be a cyber attack why the man that wrote that report joins us ahead. >>> why today could be the most important day for biogen in years. we have all the details ahead. a rising tensions and rising dollars, a wall of worry for companies. congoupofoansfor yr rtli mi up. when my hot water heater failed, she was pregnant, in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privilege. we're the baker's and we're usaa members for life. usaa. get your insurance quote today. >>> so, if we said gm and coke both raising concerns about rising costs but their earnings report, it seems like the w

kevin o'leary co-host of "shark tank." they are both cnbc contributeors, we're happy to say.hael, let's start with netflix. i note in my notes that you say because of its very nature it is "not suitable, not suitable, for a long-term buy and hold discipline you view it as a speculative stock that would not be in your buy and hold portfolios. why? >> correct well, you've got over 100 pe ratio, and they've got content, and they've got a lot of good things, but they're still in a negative cash flow position, and so i can't -- i can't call -- you know, you saw that stock this morning down over 50 points i can't call fred and ethel, who have been clients of mine for years and say, we've got this netflix thing in your portfolio, and it's down 50 points today. it doesn't work when there are really good earnings and reasonable price to earnings ratios you just can't go to the thin branchs for returns and not understand that there's going to be a significant down side at some point maybe netflix does great, but this kind of behavior in the stock shows me that it really is inappropriat