lindsey bell, how you wind up looking u.k. assets right now? ms. e see in europe in general the political stance the concerned there really is an issue. because of that, while valuations look pretty good and right now earnings growth is expected to be pretty decent, 8.5 percent of 2019 versus 10% s&p 500, we are more cautious we do recommend our clients overweight domestic equities. what's the next key thing you are looking for once we get past this? mr. jalinoos: that's going to be the bank of england. in august the bank agreement has another meeting of the market is beginning to think about the possibility of a rate hike. it gets very important, because despite all this noise, clearly it's not performing to badly if they are still considering a rate hike at this point in time. once that becomes the center of focus for the market and the politics died down a bit, i think the pound gets back from that as well. do withe doctor has to the dollar which leads me to what to expect in earnings season. for the dollar perspective, have with the doubt -- hav

john hildnbraf and lindsey bell are here. how do you invest your money?ebody who knows what they're talking about to invest it for you. dagen: we have another alternative. >> that's mighty trusting, putting it in somebody else's funds. index funds, we'll talk in the break. to our top story this hour, president trump traveling to tampa to host a rally to talk jobs, economy, and a show of force for congressman ron de santis. president trump's visit comes ahead of a competitive primary race de santis faces against adam putnam for florida governor, for the republican nomination for governor. trump's support has had a major impact on the polls. the latest numbers show de santis making a major comeback, now up 11 percentage points ahead of the primary election next month, amid president trump's endorsement. the congressman releasing a campaign ad in his race for governor that is going viral and it's full of a lot of love for the president. watch this. >> everyone knows my husband ron de santis is endorsed by president trump. he's also an amazing dad. ron loves

dagen: great tease, lindsey bell. thank you so much. the u.s. war. china retaliates hours after the united states triggered tariffs on $34 billion worth of goods. president trump amping up the rhetoric at last night's rally against china and the e.u. hours before finalizing tariffs on china. listen to this. >> i respect china and i respect president xi but they've been killing us, $507 billion in trade deficits last year. we're paying for anywhere from 70 to 90% to protect europe and that's fine. of course, they kill us on trade. they kill us on other things. they make it impossible to do business in europe. yet they come in and sell their her semere say degrees and -- hs and bmws. dagen: tennessee, transportation equipment is the top export. how are the back and a forth tariff, how will they impact businesses like volkswagen and general motors with major plants in the state? >> good morning. obviously, this tariff situation is concerning to a number of manufacturers in tennessee. it's also concerning to our agricultural sector as well. this is

lindsey bell, lindsey, i want to get to this first. facebook is getting hammered.ey is earmarked for these big tech names. the passive investing has explode. you put money why it automatically goes in there. at some point you have to be afraid when this trade unwinds. >> a lot of people don't nope the stocks are in different few mutual funds and stocks they own. it's something you need to be awaiver. we got some mixed reports. facebook is taking it on the chin. netflix didn't do so well, but google was great. charles: i do portfolio reviews for people. if you get five reviews and look at the top 10 holding, usually they only have 14 names. they all have facebook, amazon and google and one or two other names. i think it's great. i am just knowing money does come out of these, i hope it's material and industrial names. >> i am with you. you explained at the top of the segment here. that is something. i didn't notice that trend going on. i have been watching the industrials very closely. so many of them are meeting top and bottom lines and they are raising guidance. a

joining me this morning to break it down,e, dagen mcdowell, jeff brewer and lindsey bell with us thisto see you this morning. >> great to be here. maria: facebook is down 19%, lindsey, because people are now questioning about the 30% growth number that we've been seeing for so long at facebook. looks like that's in the rear view mirror at this point. >> declining by high single digits sequentially quarter over quarter which is the guidance that management provided, you're still getting 20 20% 20% top lie growth. maria: you have to wonder if the stock where it's trading at is equal to that kind of growth versus what else we were seeing at facebook. dagen: i'll point to the instagram stories issue, because it was in the instagram stories, they're not pulling in the same amount of money as ads shown in facebook. in the instagram feeds, and this is particularly troubling because as of next year feedbacd been predicting that stories would have more traffic than the original photo feeds on instagram. again, that's where they were placing their bets. now they have to figure out a better way

many joining me, dagen mcdowell, john hill denbraf and lindsey bell. >> a lot of market reaction thistension will continue to be a cloud over the market. maria: plus we have the ipo market will the wall street journal wrote about, ruering reg back apparently -- roaring back, apparently. >> one thing i was going to say about the market going higher, we had a great second quarter. we just finished the second quarter. we got growth of something like 4%. on friday we get jobs numbers. we're probably going to see more of that really strong growth, low unemployment. maria: the gdp is a week later, after the jobs number. >> it will be later in the month. maria: the atlanta fed is back down to what, dagen, 3.8%. they were 4.8% a few seconds ago. dagen: gdp now, atlanta, let me google is and see. maria: i think they lowered it again. >> it's a volatile estimate that they've got. dagen: 4.1% as of yesterday. it's back above 4%. >> the wall street bank% in the 4s also. it was a good quarter. maria: even alan greenspan came on the show last week and he said we're going to have a very strong secon

maria: big number, lindsey bell. >> what has been weighing on the markets from my perspective reallyese trade conversations. we see the market whip around based on the topic of the day. the industrial sector is one sector that really has been hurt by the talks. it's down about 3 -- over 3%, the third worst performing sector within the s&p 500. the early reporters have had good numbers, beating on both the top and bottom lines. the stocks are reacting really well to the reports. do you think this is a beaten up sector and this is one of the sectors you can get involved in now or do we have to wait for the trade stuff to play out? >> i think in general we're going to see a lift in the equity market. we think the second quarter when we print the strong gdp number that we expect to print, when the earnings come out and importantly, in addition to earnings, because i think people do expect a strong second quarter, it's going to be the guidance going forward on top of that. we think that could be a catalyst for people to move back into equities. in addition to the fact that buybacks are in

joining me to break it down, dagen mcdowell, john hil hilldenbraf and lindsey bell.i think earnings -- dagen: earnings and trump. maria: exactly right. what's your take? donald trump and vladimir putin. >> i can't get over the disconnect between how he treated our european allies on this trip last week and how he treated the russians, just has me wondering once again where is the trade conflict going and what are the russians thinking, what are the europeans thinking when they see him attacking merkel and may and then going and kind of soft pedaling on vladimir putin. maria: what's your point? dagen: you address this. we were talking about the wall street journal editorial at the top of the last hour. you quoted from him, the trump first doctrine. the journal suggests will leaders of other countries decide that working with president trump is more dangerous than fighting him. when you see him potentially turn on somebody like prime minister may. maria: the president is having a hard time separating what took place with russia, undermining the west which has been the

thank you and god bless you for your support. >> lee carter, lindsey bell. final thoughts.ised at sean spicer. he had at least five seconds to spare. >> i yield to you, stuart. stuart: good man. good morning, sean, dagen, good morning, everyone. the president started the week in all caps. never, ever, threaten the united states again. that was a direct response to iran, who's president, hassan rouhani threatened america with the mother of all wars. do that again, said our president, you will face severe consequences. quote, we are no longer a country that will stand for your demented words of violent and death. be cautious. so begins the president's twitter week. it will be a very big week

ei have gary and lindsey bell. it seems like a trend. >> you are seeing users spend less time.are not giving up altogether. this is a trend that has started. instagram is doing great. microsoft said they had the best quarter. this is something they have to work through. >> i thought instagram would protect them. >> it was the deal of the century. we don't know how much business they were allowing that was fake. not just the russians buying ads. completely fake accounts. why didn't they deal with this years ago. >> you think that is what happened? i was amazed this hit them earlier. >> brand name is headed south and worriness is headed north. that's not good for these companies you pay nothing to be apart of. this is beyond beyond at this point and time. we hit a peak for all of them. not instagram but the whole. i would be careful. as far as it effecting other technology. intel was hit this week. i'm watching peak earnings. if it breaks that won't be good for the markets. >> are you hearing the break analysis? >> what i am hearing is tech stocks are price for profection. it was

>> lee carter, lindsey bell. final thoughts. five seconds. >> glad to be here to kick off the briefing. >> stuart varney, take it away. stuart: surprised at sean spicer. he had at least five seconds to spare. >> i yield to you, stuart. stuart: good man. good morning, sean, dagen, good morning, everyone. the president started the week in all caps. never, ever, threaten the united states again. that was a direct response to iran, who's president, hassan rouhani threatened america with the mother of all wars. do that again, said our president, you will face severe consequences. quote, we are no longer a country that will stand for your demented words of violent and death. be cautious. so begins the president's twitter week. it will be a very big week for your money. pivotal week i will call it. the government tells us how the economy is doing. 4% growth is expected that will be huge. it will be the best growth rate in years. big tech will tell us how much money they're making, amazon, google, facebook, twitter. big numbers expected

>> jon hilsenrath lindsey bell come back one and all thank you so much "varney & company" starts. >> good morning to you good morning, everyone, apple reports today, the last of bike tech high-flyer to lay out financial results how much did it make how much will it make in the future? where is the growth? >> for investors, this is a big deal, not just for apple but for the whole market, there has been a pullback in the big names that the led wall street higher two years, apple results could help reverse the trend, or could encourage more selling. if and this is a very big if, apple bloez -- blows everybody away up 1 dollars worth a trillion dollars find out the this afternoon, president trump dominates news always has always will do it again today, when he holds a campaign style rally in florida, he is switching focus back to the economy, the "the wall street journal" says he may not go for a government shutdown, republican leaders have gotten to him that is the last thing they want before the midterms so it is back to the economy, and jobs in tampa today big rally at 7:00 eastern wa

bell," brian. >> bearish numbers, down almost twice as much as the next worst performing stock time now for an cnbc news update >> hello wraev everyone here's what's happening at this hour senator lindsey graham paying a surprise visit to syria, telling syrian allies it is important american troops remain in the area president trump wants u.s. troops to return home. >> i will tell president trump it's important that we stay here, help you you're friends of the united states and believe it would be terrible >>> new york state police say a state trooper was shot and killed by a suicidal suspect barricaded in his home near the pennsylvania state line. the suspect was later identified as 29-year-old nicholas clark, the suspect a 43-year-old school principal was found dead in his home of an apparent gunshot wound. >>> a commission studying what to do with some of the most prominent confederate monuments is recommending the removal of one jefferson davis. the panel spent a year soliciting public input on the statues on the city's historic monument avenue. i will send it back downtown to you guys >> all right, sue herrera, we'll see you next hour. >>> coming up heinz catch-up ke found itself