guest host kevin o'leary is also with us. i don't know who wants to start on this. there was a while, just for someone to hold large balances, you actually got back less than you actually gave them, with negative interest rates. china's got a lot of money that it needs to put into investments. can you even imagine passing or not -- getting 2.45% and looking elsewhere for their cash balances >> i don't think selling treasuries is what they're going to do, but what's interesting is that throughout this year, investors have consistently underpriced the risk around trade and around potential escalation so, one of the things we've pointed out about two weeks ago was that actually emerging market volatility had fallen to a one-year low, and that was despite emerging market credit spreads rising, despite a stronger dollar, despite obviously ongoing trade negotiations so this tells you investors have consistently been, i think, too optimistic around this issue. >> is that an opportunity to hedge positions in emerging markets, which has been a very popular trade? >> yes, rig

wonderful, kevin o'leary.a beauty, what is happening to that stock over the past few days falling like a rock what do you do now >> the story on this was great management, execution skills, balancing both retail with online, and then all of a sudden reality strikes. you know, the overall patina to the stock is that maybe amazon's going to get into this space and start curating these kind of items. i don't know that's just a rumor. but the stock's been slaughtered. so, whenever you get that kind of tone, you wait and see what the reality is people talked about amazon killing the food business, it took a long time before it happened >> anybody own this name, ulta >> i did and i sold it >> why >> valuation i made really grade money. i was buying it a long time ago at $200 or so and i think it's a great story. i think a lot of good news is priced in. >> thanks for the questions as always coming up, natural gas in danger of crossing into multi-year low territory we'll give you that trade in "futures now" which is c

wolf, "shark tank's" kevin o'lea o'leary.e pocket, but also the -- >> joe, i can work with you. i can make you a new man stylistically -- >> what about the watch band people have not seen that. >> oh. >> wow. >> that matches the -- >> and of course, you want to marry it to the pen. you want to get the little inflections of red on the pen. it always works together, joe. i'm working on andrew. i can't bear looking at that apple watch anymore. >> ooh. >> that is just brutal. >> what should they do, andrew does it matter >> it's a utility situation. >> utility. >> i don't think it looks bad. i just don't -- i mean, i accept that a rowy, as the kids say, looks better, but -- >> you look like you have a small iphone strapped to your wrist. >> here it is. >> it's a millennial look. >> a lot of people are wearing them, though -- >> pair it up. put it beside this there you go shame on you >> all right. >> come on you've got to step up stylistically, you really do. >> what happens if i just got a cool band? would the band do it >> list

is a comeback in the cards >>> plus, dow component kevin o'leary just bought might surprise you. >>> the biggest oncology conference in the country, one firm downgrading a big bio tech to a sell. stephanie link owns it uh-oh, she's going to tell us whether she's going to bail. it's all at noon on the half. >>> cannabis stocks among the year's big winners outperforming the s&p so far this year koun cowen's got a new report following its week long cannabis summit in toronto. it sees a potential inflection point for cultivation in canada. joining us cowen senior cannabis and beverage sector analyst. thanks for joining us, great to see you. conclusions, you've got a few of them what's the big one >> that capacity challenges will finally resolve themselves that's been the big sticking point, when we do our survey work consistently in the marketplace we're finding that about half the market is out of stock, so we can see that there were products that were once sold on the ontario e-commerce platform and they're not available anymore. >> so cultivation takes a leg up. >> that's right. >> is

we'll debate with our investment committee which includes today kevin o'leary. street slash to wall street. our call of the day. really time to sell that stock now? we'll debate pete najarian's buy and the name and the trade he must made. >> thank you >>> earlier today i caught up with service now ceo john donahue who joined me from the knowledge conference in las vegas and i asked him if he was worried about the volatility in the market and its impact on customer demand. >> we continue to see strong growth we had 40% growth in q1. we had close to 40% growth for all of 2018. so we're not seeing any indications of slow down and the reason for that is, companies must spend on technology to drive their digital troo transformation the fact of the matter technologies like service now help companies be more productive, help they drive or give them the capacity to reinvest in innovation we are very much part of the productivity enabler and that's part of why you're seeing very strong continued growth. >> speaking of continued growth, out with a new note after service n

committee as well on this stormy day outside and in for the stock market joe terranova, stephanie, kevin o'learys here as well. the cnbc contributor let's start with stocks under that heavy selling pressure. more threats from the president. more retaliation from the chinese. all right, joe, buying opportunity in any way or do you think this is in big danger of getting a lot worse? >> you're not going to lik

it's pulled back enough yet >> so the question is, what is the most attractive entry point for a kevin o'learyfor example, it's $288 that's a huge drop from here >> i sold some higher. >> there's nothing there's no protection. >> i made a mistake buying it as high as i did, although it was a great trade for a while. so i sold some higher and then i realized, you know what, maybe i sold too much. so i bought a little of it back, actually, this morning when it was down quickly, but nowhere near full position i still think it's duopoly i think the negative headlines, talking about facebook and dealing with negative headlines, this is more of a critical company than facebook is in terms of where else do you go. >> the minute, though -- >> chinese pressure killed it. >> it can still be critical but their earnings can go down and now you have -- >> i'm not disagreeing >> partisan -- you have a bipartisan effort to put them on the spot and create something which is much, much more negative than it looked like originally, where you had support from the administration. >> what is the bipartisan do what

committee as well on this stormy day outside and in for the stock market joe terranova, stephanie, kevin o'leary is here as well. the cnbc contributor let's start with stocks under that heavy selling pressure. more threats from the president. more retaliation from the chinese. all right, joe, buying opportunity in any way or do you think this is in big danger of getting a lot worse? >> you're not going to like the answer everyone is going to come on the network and say, yes, it's a buying opportunity for the long term, but i'm not buying today and the reality of not -- why you're not buying today is there's a lot still out there as this unfolds on may 18th, the president potential potentially. this is not going away any time soon i've said that this is going to evolve into a little bit of a currency issue we've already seen the temperament of equity investors. $12 billion worth of equity flows out of the spdr etf in may. withdrawals every day. $7.5 billion just last week alone. so the reality of what's unfolding here is we were on our way to 3,000 and we've arrested that path because of what's g

the nasdaq is up by 14 kevin o'leary is our guest, it is great to see you. >> thank you >> thank you for being here. >> i am going to get this watch off. >> it is such a good watch >> we are out of here, "squawk on the street" is next ♪ >> good tuesday morning, hope you had a good memorial weekend. i am carl quintanilla with david faber and jim cramer at the new york stock exchange. futures coming down at five weekly losses. the president drove cold water on a china trade deal any time soon parliamentary election we begin with the trade pause, the u.s. is not ready to make a deal with china. we got big mergers this morning, automakers and fin tech deal for more than $21 billion. we enter this holiday week the dow in the midst of five-week losing streak. s&p and nasdaq is down about three week s in a row for the first time this year, the first losing month of the year and the first losing may in seven years. >> we are in a moment where michael corvat said when he was on our show. the more chatter i hear verses what mr. wonderful was say, we said everything seemed fine, the more i get

kevin o'leary and melissa, thank you, make sure you join us tomorrow, "squawk on the street" begins right now ♪ good tuesday morning, welcome to "squawk on the street," i am carl quintanilla with david faber. jim cramer is in san francisco the president both tweeting and talking about the china trade standoff last night and again this morning in the meantime, david faber has breaking news to start us off. >> we have a resolution in the ongoing discussion of ownership with hulu. comcast owns 33% of hulu and entered into a deal with disney that'll eventually mean it sells at 33% stake no time soon the two companies calling it an agreement of hulu ownership announced in 2024 that comcast will be able to sell its 33% stake in hulu and a valuation for hulu of $27.5 billion. it could be higher and there will be the opportunity to have so-called appraisal rights that we'll be used to figure out a value for hulu in that time which is 4.5 years from now. >> it will give the company full operational control of hulu effective immediately in return for this so-called deal. it is presented into our pa