at kpmg, we believe success requires both.oad range of services and industry expertise, kpmg can help you anticipate tomorrow and deliver today. kpmg. >>> that wraps thing up for me this hour. kasie hunt picks up from washington. >> good afternoon. i'm kasie hunt in for ali val she. this hour all eyes remain on capitol hill where the situation is unraveling for republicans. last hour, the good lat immigration bill was defeated on the house floor. we have been expecting a vote on the gop compromise proposal but it has been postponed until tomorrow. uncertainty was rampant hours before the process started. president trump threw a political bomb into his own party's delicate negotiations tweeting just after 9:a.m. quote what is the purpose of the house doing good immigration bills when you need nine votes in from the democrats in

at kpmg, we believe success requires both. with our broad range of services and industry expertise, kpmg can help you anticipate tomorrow and deliver today. kpmg. >>> welcome back to "the halftime report" devin energy's shares have soar. pete, what are you looking at. >> in devon, it's pretty interesting, mel, because somebody has right for quite some time now. they're originally buying the july 40s rolled out of those and put them into the october 42s and now today it's the january 50 strike calls. they took off to close to a double but these january, look at the size of these trades. 50,000 of these calls bought, mel. i haven't seen that in these time of names and it's a real dollar amount that they're paying this is something very big i had to get involved in this. i exposed energy names but i own these calls as well. i expect the stock to move to the upside it's already made a nice move like you said but i think it's going higher reiff got another one for you, cake cheesecake fact fore a similar trade where they're rolling

at kpmg, we believe success requires both.our broad range of services and industry expertise, kpmg can help you anticipate tomorrow and deliver today. kpmg. >>> -- 1986 and one year later, still having the time of his life because america is buying peet's pitch for microsoft. >> wow bravo. >> first in a long time. >> -- sometimes. i mean i love it -- >> do you think that is actually the kiss of death? >> eh, sometimes. >> we'll see "final trades" thyme pete >> target. on a roll and rolls even higher. getup. >> tum time in emerging markets. yandex the google of russia. take a look at yndx here. >> market share it's a buy here. >> we mentioned amd. >> i remember that. >> -- dill pickles. >> dill pickle sold. >> anyway, final trade -- >> -- >> see you back here tomorrow at 5:00 >>> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer, welcome to "mad money," welcome to cr

at kpmg, we believe success requires both. range of services and industry expertise, kpmg can help you anticipate tomorrow and deliver today. kpmg. you might or joints.hing for your heart... but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. >>> we interrupt this commercial we were in to show you what is just happening now in singapore. ere is a young man who is giving a newscast locally. the shot went down. the camera crews were allowed in to take video of the scene as the working lunch was getting started. all of the signals going to a central location have gone down. so, we'll keep looking at it and when we can -- you get enough of an idea there. you saw president trump at what appeared to be kind of a u-shaped table. here's another attempt at the video we have sofar. there kim jong-un and it's clear the american side is over there. okay, this is taped. let's listen t

at kpmg, we believe success requires both.broad range of services and industry expertise, kpmg can help you anticipate tomorrow and deliver today. kpmg. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com >>> welcome back, as you may have heard a trump/putin meeting is more likely. after first stopping in london and rome and tonight nbc news reporting ad delegation of six republican senators expected to travel to russia to talk about economic and security issues with high level russian officials. back with us peter baker who we were talking to. peter, should be notice of this discussion is the former moscow, of the washington post. is this the look they want right about now? >> well, it is the look that presid

at kpmg, we believe success requires both.oad range of ices and industry expertise, kpmg can help you anticipate tomorrow and deliver today. kpmg. >>> what a day. i could talk to this table for ever but we're out of time. that does it for our hour. i'm nicole wallace. mtp daily starts right now. >>> if it's tuesday, it's a banner day at supreme court. tonight, the travel ban is upheld raising powerful questions about presidential power. >> the supreme court ruling was a tremendous victory for this country and for the constitution. >> who's going to be next? is is president going to issue an executive order against mexicans? >> civil war. >> i did not call for harm for anybody. the president lied again. >> is trying to trump the president's polarizing rhetoric the right move for democrats? >>> poll position. we have new numbers in some of the most important senate races. this is

at kpmg, we believe success requires both. with our broad range of services and industry expertise, kpmg can help you anticipate tomorrow and deliver today. kpmg. >>> that is going to do it from here in mcallen, texas. craig melvin here. i'll see you back on "today" tomorrow morning. >>> meanwhile, taty tur st katyg by to pick things up right now. >>> president trump has indicated he will sign an executive order allowing families to be held in immigration detention together. he previewed the move earlier with lawmakers. >> we're keeping families together but we have to keep our borders strong. we will be overrun with crime and with people that should not be in our country. this has been going on for 50 years. longer. this has been going on under president obama, president bush. this has been going on for many, many years. we're going to see if we can solve it. this is not something that

at kpmg, we believe success requires both. with our broad range of services and industry expertise, kpmg can help you anticipate tomorrow and deliver today. kpmg. >>> how do you justify this policy? >> it's zero tolerance. i don't think you have to justify it. it's a crime to come across illegally and children get separated. i hate to say it that's the law and he's enforcing the law. >> ay-ay-ay. nearly 200 minors a day are being detained in the united states. many fleeing unsafe homes. many of them ripped from their parents. and steve bannon who says he speaks for the president's base says there's nothing to justify. joining our conversation now, heidi, national political reporter for nbc news. heidi, what are you picking up from your sources about the ripple effects? we made a list and it took us 1 1/2 seconds of the republicans who have spoken up. susan collins, ben sass, lindsey graham, orrin hatch, sort of, and speaker ryan. >> and lindsey graham was just again at the stakeout in the senate reemphasizing that at any time

kpmg audits had shown an "unacceptable deterioration" and will be subject to closer supervision, thet all the big four, which also include pwc, ey and deloitte, needed to reverse a decline. that show you the markets once again. it has been pretty bad. that is the clothes in the united states late yesterday. the future looking ahead to the us open are all very negative. let's look at asia if we can. i don't know if we have those numbers... no. that is how europe close yesterday. europe will react today when it opens in a few hours time. hong kong is down 2.5%, japan's market was down nearly 8%. the fear factor is very much in focus. safe havens like the japanese yen are back in favour, which does not help japan either. that's it for business briefing this hour. up next, newsbriefing — we'll take you through the stories making headlines in the global media today. a minute's silence will be held this morning to mark the first anniversary of the finsbury park terrorist attack. one man died and nine others were injured when a van was driven into a crowd of people near to a north london mo

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with us now is yael selfin, chief economist at kpmg. welcome.ellor say last night in his speech? very interesting. on the one hand he was very much saying we will need to continue hopefully trading closely with the eu. but on the other hand he was saying actually we have a rigorous and strong regulatory environment here for financial services. therefore we want to keep that. and we want to be trusted and trade in financial services in a slightly different way to watch the european commission is proposing. there is a disconnect uttering what some ministers, like the foreign office, might think about it and how the treasury is perceived. —— there isa the treasury is perceived. —— there is a disconnect with what some ministers. i think he was really positive in this end he was really trying to go towards business and try to find what they want out of brexit, so hopefully he has done quite a lot. and of course he needs more money, doesn't he? in terms of getting enough to boost nhs spending. do you think he has wriggle room within what is going on n

play is under way in the third round of the third major of the year, kpmg women's pga championship canadian're just teeing off now. england's charley hull birdied the fourth and seventh to put herself three shots off the lead, while bronte law parred the first four holes to stay four shots off the pace. today's irish derby was very much a family affair when champion trainer aidan o'brien was beaten at the curragh — thanks to his two sons. the classic was won by 1a—1 shot latrobe, trained byjoseph o'brien and ridden by brother donnacha. evens favourite saxon warrior came in third — one of four trained by aiden and they all finished in top five. quite a feat. catalans dragons are hoping to boost their chances of survival in the super league, as they lead against castleford tigers. josh drinkwater opened the scoring for catalans through a successful conversion, before scoring a try in the seventh minute. castleford hit back throuthames clare but catalans extended their lead, beforejulien bosquet‘s try gave them a 30—10 lead at half—time. in netball, table toppers wasps are leading against team

earlier, we asked yael selfin, chief economist at kpmg in the uk, why falling unemployment isn't translatinglatively strong labour market overall, and we're seeing an increase in vacancies across the board, really. so the issue's not so much with the labour market, but actually with output. so in the similar three months to april, we've seen output that was relatively sluggish compared to last year. and what it means is, in terms of productivity, it's not really that great, and therefore it gives less room for businesses to increase wages. joining us now is james hick, managing director of manpower. james, thank you forjoining us. the productivity problem was mentioned there, we'll come back to that in a minute. but you would tell a slightly different story to the falling unemployment figures the 0ns has released today. what have you been finding out with yellow survey is telling us that as we look forward into the third quarter of this year, there are two for a large sectors of the jobs economy that are looking really quite gloomy, as employers think about if they are going to hire. that is

at kpmg, we believe success requires both.vices and industry expertise, kpmg can help you anticipate tomorrow and deliver today. kpmg. >>> our guest host today rick reader last thoughts on what we've been talking about today. >> i think there's a series of incredible things going on with the equity market trading down when people think about where do i get value. the fixed is down this way we think there are ways but people look forward to the rest of the year. are you getting free cash flow generation, where am i getting covered. >> that's good news for which area >> equities. i think the role of commerce is changing commerce is changing i think it's important for the eco system. >> it's a pleasure having you here >>> that does it for us. make sure you join us on monday. have a great weekend "squawk on the street" begins now. >> good friday morning welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber the dow may avoid the first nine-day losing streak in 40 years. trade worries hit u.s. and a

that washed a report audited by kpmg. that came out three weeks ago.t the dots between the output of the business both positive and negative thernalities, we underwrite amount of that output we are generating and translate that into a monetary measure of the impact that our dollars invested are generating. >> your deciding where you are looking for that impact and at the same time, there is some confirmation bias there. some of the negative impacts that an investment or business may be having aren't as adequately measured. the key to this whole effort of the rise fund is to come up with a credible way for investors, both institutional investors and direct investors, governments, philanthropies to measure ultimately the positive and negative effects of their investments. we are very rigorous about it. we are making good progress. i can't represent to you that we've nailed it across all sectors. the sectors we been investing, we have measures that are good enough that third data validates what we are generating. them?can we talk about --l: one is a compa

kpmg. >>> dpt gets unconditial approval to buy time warner. comcast our parent company is expected to go head to head with disney to buy fox assets what's the latest. >> we are doesn'ting down until we expect comcast to unveil the bid. as you alluded to, the decisio in the at&t versus the department of justice case made it easier for comcast to overcome potential concerns that fox may have had previouy about regulatory impediment to a comcast bid for those fox assets that's not to say there won't still be perha a tough regulatory review or that there aren't certain risks associated with a potal tieup of a company that has content assets already, buying more of them particularly in the form of broadband in various parts of our country. most of the people who i have spoken to and others who have been on our air during the course of the day believe it has opened up the way for comcast hey willake that bid the question is how high as we were told by comcast in a public statement weeks back it is likely to be all cash, likely to meet if not exceed

at kpmg, we believe success requires both.ou anticipate tomorrow and deliver today. kpmg. >>> what are you doing to prepare for the summit? >> i think i'm well prepared. i don't have to prepare much. it's about attitude and willingness to get things done. i have been preparing for the summit for a long time as has the other side. they have been preparing for a long time, also. so, this isn't a question of preparation, it's a question of whether or not people want it to happen and we'll know that very quickly. >> president trump said yesterday he is not doing much to get ready for a meeting with the dictator of north korea. joining us now, senior adviser and korea chair at csis and msnbc korean affairs analyst, victor cha. i think we should ask for your response to what you just heard from the president. >> well, the president may not be preparing for this, mika, but the north koreans have been preparing for it for 45 years, a meeting with the u.s. president. you have to be prepared. i don't know what else you can say about tha

opec, let's bring on the head of natural resources at kpmg. thank you for your time.t seems that we are going to see a raise of output but we are not sure how big the increase will be. how crucial is this point? >> it is a very crucial point because the analysts do believe that some increases are arty price in and that is where the bet in. does that cause it to spark back spot whichs a sweet is maybe 70 or lower. it will be a positive outcome for opec if they are able to achieve that. producers hit by that canada forrice in example they learned to adjust. . a number of them have. >> it absolutely has. the entire industry has gotten incredibly competitive during the downturn. that wet fascinating are talking about lower for longer. now we are in the 70's talking about the price potentially being too high. we change our minds. the industry is competitive and it can sustain profitable margins even at a 50 or $40 per barrel price threshold. rel about not creating a freefall again. that makes some of the u.s. producers even more aggressive and more competitive. >> even if

dave is managing director in kpmg's federal practice, where specializes in investigations, forensic risk ations, and mitigation strategies for business operations. former inspector general of central intelligence agency, in the i.g. erved offices at both the department of the treasury and the defense, and, as a law enforcement professional in office of r force special investigations. in congress, he served as the staff director of the house permanent select committee the telligence, and as chief investigator on the senate's permanent subcommittee investigations, more commonly known as psi. extremely say i was lucky to have dave as a league psi and ing my time as uring my time at -- and i can outstanding.s we also have kathy buller. i.g. of the as peace corps since 2008. prior to that, she served for 32 ears within the i.g. community i.d.i.g., and the assistant i.g. resource management. served as chief counsel to the social security administration prior to becoming i.g.eace corps show the chair of the legislation committee and former of the inspections and evaluation committee for the for

he is managing director in kpmg federal practice where he specializes in investigations, forensic application, and risk mitigation strategies for business operations. he is a former inspector general at the central intelligence agency, and he also served in the ig offices at both the department of the treasury, and the department of defense. and, as a law enforcement professional in the u.s. air force office of special investigation. in congress, he served as the minority staff director of the house, permanent select committee on intelligence, and as the chief investigator on the senate's permanent subcommittee on investigations more commonly known as psi. and i will say, i was extremely lucky to have dave as a colleague both during my time at psi, and during my time as the ig of defense. i can tell you, he is outstanding. we also have kathy buller, she has served as the ig of the peace corps since 2008. prior to that, she has served for 32 years within the ig community. and the usa id ig, she served as a deputy legal counsel, and the assistant ig for resource management. she later served as

joining us now is yael selfin, chief economist at kpmg in the uk.s always the type of jobs that are created that the issue, isn't it? well, we are seeing a relatively strong labour market and increasing vacancies across the board, really. the issue is not so much with the labour market but in the three months to april we've seen output that was relatively sluggish compared to last year. and what it means is in terms of productivity, productivity is not really that great. and therefore it gives less room for businesses to increase wages. that's just room for businesses to increase wages. that'sjust be really clear, what we are seeing is more people working, injobs, but as a country we are not producing as much as we should be given that level of employment. as we should be. we have a very strong labour market, as this is relatively confident and it gives confidence for households to spend. but the output as a result of that is not as high as we would want it to be. why not? we know this is called a product evictee puzzle, but explain here if you come

thank you for that, rick kpmg hosting its annual women's leadership summit today aimed at closing the women we are joined now to discuss diversity in corporate leadership and more. what are you guys doing today? >> hey it's so good to be with you. we're having a great day out here at kemper lakes >> when it comes to the diversity debate, i don't want to say it's a debate, but there is one in terms of how you do it and a very practical sense what are you working on and how are you doing it >> well, listen. i think, andrew, the -- it's really -- when you think about it's so surprising in this day and age that when you look at s&p 500 ceos and we only have 5% are women, that we have some work to do and this summit is really all about, you know, getting more women into the c-suite so we askeceos, this is the fourth year in a row, to invite two of their up-and-coming women to be part of this program they get to hear from amazing speakers they get to interact with people in business and have a year-long programming. and we have amazing speakers like condoleezza rice. eneral admiral from the