you have a buy on lennar and a hold on pulte and dr horton and a buy on kb home, as well. let's go lennar. the stock is down double digits from percentage point over the past three months. talk about that for a second and then i want to follow up with a question that my colleague and someone you know well, diowna asked me to ask you. what gets it going, again? >> one, because the ryland merger two years ago didn't integrate as people had hoped and show the growth and synergies that they necessarily thought they would in the beginning. and, so, they bought cal-atlantic we think the is a fantastic opportunity to leverage that scale, but the market is skeptical because, one, they levered up people who are more concerned about the end of the cycle or their early cyclical as i said earlier. we think they're going to definitely do better than the market is anticipating they have ancillary businesses, one in which they announced publicly they are look to monetize and sell. i think the market is dubious about some of the opportunities that we think create, in our opinion, it's a g

that's helping new home demand, other stocks following in lennar's footsteps, lennar, toll brothers, kb, pulte, dr horton moving higher in today's session. >>> harley-davidson and the president going toe-to-toe after the iconic american motorcycle brand said it will shift some production overseas after the european union raised motorcycle tariffs by some 25%. president trump, well, not too pleased with that decision, blasting the company earlier on twitter saying no, harley-davidson should ever be built in another country, ever, and says they're using tariffs as, quote, an excuse. oh, my. blake burman live outside the white house with more on this toe-to-toe fight, blake? reporter: all the warm, fuzzy feelings might be gone between the two. remember, president trump in the early days of the administration and as recently as february hailed harley-davidson. he said this is one of the great american companies. he talked about harley-davidson in hits first joint address to congress saying, you know, along the lines this was a great american brand. today, the president took to twitter to

traded up dramatic this very evening what are they trading off of on tuesday, we get results from lennar and i have got bears in the group because of higher raw costs and rising interest rates, at some point, these stocks will be too cheap to ignore lennar, last time they reported an excellent quarter it meant nothing. however, with two more rate hikes in the cards this year and no end to the canadian tariffs, i think any bounce will be short lived. wednesday, general mills a stock down 24% this used to be the most steady eddie of them all. i like the risk reward here. but i liked it at 4% higher. i do think good things about blue point buffalo acquisition the exact food that amgen and nvidia eat we hear from paychecks and while stocks are lagged behind adp this payroll process should thrive rising short-term interest rates and job creation bed bath and beyond. my view, better have good things to say or this thing is going back to $16.50 walgreen's and cvs is moving up late that said, walgreen's is way off its highs, only six points off its lows if they get it together, then there is acc

lennar. >> big spender. >> microsoft they turned the ship around. it's going more cloud based.ft. >>> that does it for "fast." don't go anywhere. "options actions" after this ♪ at&t provides edge-to-edge intelligence, covering virtually everyyour re. so that if your customer needs shoes, & he's got wide feet. & with edge-to-edge intelligence you've got near real time inventory updates. & he'll find the same shoes in your store that he found online he'll be one happy, very forgetful wide footed customer. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & if your customer also forgets socks! & you could send him a coupon for that item. >>> hey there. live at the nasdaq on this expiration friday. the guys are getting ready behind me. while they're doing that, this is coming up on the show. >> snap out of it! >> shares of snap did just that. rallying over 20% in the last month. if you missed the move, we have a way to get long from less than $1 >>> plus, micron shares have surged 20% this year but carter w

,e bu onsumer will also be center stage with the focus shifting to earnin from home builders like lennar and retailers like nike. plus housing and consumer sentiment reports. i'm bob ypasani at the nk stock exchange. >>> now we're into the summer season. what do we expect? more chohiness or smo sailing ahead? we're joined by nancy, financial officer at heartland financial. great to talk to you today, nancy. wh you look for opportunity in all of this volatility? >> thanks, contesa. it -- contessa. we can recount all dozens of ways resale hesales, consumer well healed, leading economic indicators are ,hi business confidence up. yet, the market doesn't -- it's not translati into the market. we expect to see that continue during the summer. the good news is -- the good news is for investors that this is a great time to upgrade the quality ofour holdings. we've had much stronger earnings than we've seen in decades, and yet, stocks have contracted. you'reetting strong earnings and revenue growth at cheaper prices. >> let me ask youqu two tions. i you want to pick up on that thought of upgradin

joining us now is the chairman of lennar.rning. >> how is it going in the housing industry especially when we're looking at rising rates when we look at the mortgage results last week, they were down sharply >> the housing market in general remains fairly strong. i know there's a lot of questions around the head winds on interest rates. it seems every time interest rates move upward, the housing market takes a hit in the stock market but the fundamentals of the industry are to defined much more by employment, by labor participation, by people feeling confident with the economy and the way their lives are being affected the new tax law has been a stimulus to people's wallets and generally demand remains very strong against a very supply constrained market. >> that supply constrained market has been a story for awhile so what is the outlook forhina to try to ramp up supply to meet that we're also hearing about costs on the builder front going up. therefore even profit per home going down even though you have this great supply d

after that, we'll get earnings from lennar corporation, which is the us‘s second biggest home—builderus economy will be helping profitability at the firm. the question for investors in both instances is whether or not american demand for housing is still increasing even in the wake of higher mortgage rates. joining us is russ mould, investment director at aj bell. we will talk about the market and a bit more detail. it used to be the same when america sneezed, the rest of the world catches a cold, but now it is the case that when donald trump tweets, the rest of us do what, i'm not quite sure! pay attention, but also react, that is what the markets are doing they are proving so volatile and susceptible to what is happening with these trade wars, is it a trade war? it is definitely a spat. escalation, a growing disagreement is the way to put it. it is the perfect setup for a wobbly market. they have gone up in almost a straight line for ten yea rs, in almost a straight line for ten years, they have been remarkably calm, very little volatility, and interest rates are going up in the us,

a trade, short netflix buying higher.collapsing, lennar >> lumber, cbs is bringinghe luer tomorrow, bill. > >>> 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 cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. can we really just move onto the next thing that quickl removing north korean menace and the market shrugs. you know what, it makes perfect sense. you see, you can't process the stock market implications because there may be no implications at all. maybe it goes nowhere. at most you sell a couple of defense stocks north korea may have big weapons, it is a small country even if they denuke larz no leader, goes into talks with the most powerful nation on earth in ord to dismantle its country, but it is possible. sure, north korea like the ol

let's lump in lennar it is a big home builder there aren't a lot of houses being sold anyway, and higher rates will crush them, that is the doom theory. why not walmart? it is a worldwide retailer so it has to be hurt by a worldwide slow down. what could be worse when trump is supposedly wrecking the world. autos are the subject of next trade war. gm has this new revaluation. why not say ford is horrible ten stocks that get hit. every one of these stock you know they are going to be down from the get-go all you have to do from now on is press the glum button i need a glum button oh, i have one f.a.n.g, the idea that the only stocks go up are f.a.n.g i mention this because the love of f.a.n.g is part and parcel with the hatred of glum. these are stock don't need global growth in order to thrive you will hear that facebook will be banned for privacy, apple shut out of china. and that could easily become the new narrative even if it is ridiculous here it the thing, it is not just f.a.n.g that is going higher strength extends throughout tek. dropbox is crushing it in a world where content is

let's take a look at lennar. they put out a blowout quarter, up 7%. deliveries rose 57%. these were probably driven by the cal atlantic acquisition. if we turn to the commodities space, a mixed picture. about 1%.l up gold down about 0.5%. not a huge decline. oil is trading higher on the news that there is a libyan court dispute that is adding to supply troubles. ind down for the seventh day the last eight. maytechnicals of gold suggest more declines ahead. this is a longer than five-year chart. his is 2012, the nominal peak above $1200. we see the crash, and then we see a recovery on the recent action. gold has broken below buying support, suggesting it may had below $1200 per troy ounce. gold there is probably not letting that. caroline: we will talk much more about gold later in the show. great breakdown. close here.o nothing like making up for all the soft yesterday. -- sell off yesterday. utilities up about 0.8%. oil pushing higher. energy majors drying is higher on the stoxx 600. this is a really risk on. this is up about 0.2%, making up for some of yesterday's losse

coming after them, very, very tight stuff just for a trade, short netflix buying higher.collapsing, lennar >> lumber, cbs is bringinghe luer tomorrow, bill. > >>> 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 cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. can we really just move onto the next thing tha

. >>> check out shares of home build erler lennar. get to make for more mike >> we saw 16 call volumes and we saw a purchase of the july 52, 55 one by two call spread, 5,000 by 10,000 times they spent just 16 cents to do that and that will go up towards that short strike of 55 by july expirationment that's a good strategy for the home gamers. >> for more options action, eck0 p.m. eastern time. up next, final trade see that's funny, i thought you traded options. i'm not really a trt guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade but i'm not standing stil

year on year gains since last year dr horton and henar and pulte among the woperformance in the s& lennaror the worst day in a month as we talk about rising interest rates or the threat of, home builders certainly ones to watch. back over to you. >> thank you dom chu at hq. >>> the united states will host the 2026 fifa world cup after a three-way bid with mexico and canada was granted staging rights at post nine the -- here's the president of fifa making the announcement >> the member associations of canada, mexico and usa have been selected by the fifa congress to host the 2026 fifa world cup thank you. dan flynn, the socc ceo and secretary general, is here at post nine with us. thank you for joining us today. >> it's great to be here anks for the invite. >> why do you think north america won the bid? >> i think a couple things i think the sense of unity, having our partners north of the border with canada and south of the border with mexico, the sense of unity it's the first time that the competition will have 48 tries participating, so i think a larger footprint resonated well and then

if you've got this other project, this project has fees, whether it's lennar at the shipyard or this whole conditional use. the reason i think at a high level the desire to stream line 100 % affordable housing makes sense, but the notion that we're wiping out community involvement over the things that drive neighbors and neighborhoods crazy and reduce trust in the planning department has nothing to do with the provision of affordable housing, which is why -- i mean, look, 80% of this ordinance is good, and i support it. and by the way is consistent with a legacy of policy in this chambers. all of the steps that supervisor kim took, that supervisor wiener agreed with to stream line 100% conditional use authorization, that makes sense, but disen fran friesing people from the planning process where the process often gets better where people resolve neighborhood disputes has nothing to do with addressing the housing crisis, it's about shutting people out ofmmunit input. >> president breed: supervisor stefani? >> supervisor stefani: thank you, president breed. i just want to add i think t

. >> lennar is down and the 52 week highs were made earlier call volume up 2%.ht an interesting call spread, 1 by 2 call spread 55/60 won by 5,000 breaks even at $55.75. max gain is up $50 >> the price of options has moved up this is an interesting trade trader just playing for a move u0 bucks. >> all rig for mo "options action" you can check the full show th's friday 5:30 p.m. eastern time up next, we have the results of the poll guy -- >> but there's still time for folks to go to twitter we'll have the final trade stay tuned oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> it's a riddle. what do guy adami and -- >> tony braxton. >> they did not like your pitch. the twitterverse did not like it eith

we just heard about lennar from joe. the company talking about some of its challenges, but at the same time, second-quarter revenue beating the highest estimates. we talked yesterday about netflix, and its decline of about 7%, as it was sort of the poster child for the fang selloff. well, bouncing back. another new bowl on netflix. stephan miller initiates the stock at an outperform. the street -- on $503 a share. he says there's no competition for the content available at the price point it offers. finally, we saw intel shares on the decline. he got a downgrade over at bernstein. we will be talking a little bit -- excuse me,how it was not specifically from tony, but from his colleague, but we will be talking with tony broadly later in the show. the stock getting downgrade to underperform from market perform. joe: let's take a look at the government bond market. nothing going on there basically. i could just skip right over that basically. yield flat on the day. much more actn, however, in the commodity world. let's look

lennar 5%. so you're getting the vibe there on that. so big picture we got our word from the fed. 're seeing action that goes with it. we're coming off the lows off the dow. back to you. adam: nicole, thank you verymuc. vincent reinhardt, let me ask you quickly, does it matter if the yie wereo invert, two year, 10-year, or is that no longer really an indicator? >> it is no longer your grandfather's yield curve. more than half treasury securities are in official accounts. ecb, bank of a pulling down sovereign yields by continuing asset purchases. term premium, compensation you get for risk of holding 10-year secuty are negative. the fact that the two might w up above the 10 doesn't send a signal it used to. adam: i want four of you to stay right there. joining us now is moody's chief economist john lonski, along with our own susan li. john, i have to ask you. do you agree with vincent? in the past wall streeteconine f the last five recessions? >> back to 2006 and 2007. we had inverd yield curve. economists were saying don't worry about it because chinese are buying so many treasury

the nasdaq market site in times square among the stories front and center at this hour, shares of lennarning's pre-market win perps beat estimates on the top and bottom line for the second quarter. new orders soared more than 60% as average prices jumped more than 10% >>> another stock on the rise is gw pharmaceuticals gw won fda approval for a new epilepsy treatment what's notable about this particular treatment is it's the first cannabis-based drug ever to win fda approval. a lot of people are going to be watching that. we'll be getting the latest reading on consumer confidence later this morning expected to come in at 128.1 for june >>> it's time now for the new results from the cnbc all-america survey steve leisman joins with more on president trump's handling of north korea. >> and foreign policy more broader. first the overall ratings of the president -- the rating on his presidency and foreign policy. 800 americans polled across the country. june 16th through the 19th there's the overall rating as we reported yesterday 41% approving of his handling of the presidency on foreign pol

up 62% guys, and the comments a lot of people are talking about from the executive chairman that lennarr concerns about raising rates and construction costs have been offset by low unemployment and increasing wages. painting a picture of a strong economy and housing character demand. >> wow despite the lumber, as well. we've been talking about ge, it does mark the end of an era for that company it's officially out of the doubt after more than a century trading on that index. that's a long time, bob. >> it is, indeed, david. here is good news, we have a new dow, as of today the bad news it isn't that much different from the old dow dow jones said they want the dow industrials index to be representative of the u.s. economy. everyone agrees that industrials stocks are a little bit overweight in the dow paradox. it's about industrials about 23% by price weight. remember, price weighted in the dow. that's more than twice the weighting in the s&p 500, of course, is market cap weighted okay fair enough. getting ge out will slightly reduce the weighting of industrials but by about a percentage