lori rothman, eye on the floor of the new york stock exchange. lori, go to you first. what did it look like to close out today? >> one trader came by, said this is mind position gelling. we're almost back to 18,000 on the dow here. three consecutive days of gains. like the "brexit" is nothing but a faint memory at this point the looks like it will not collapse the global economy, the "brexit" vote, at least not in the near term. here you go. the dow is up 234 points. i believe that is the session high. not too shabby closed up the dow and s&p with gains. nasdaq will close more than 2% lower. year-to-date, dow and s&p, excuse me are in good shape. your portfolios and 401(k)s are in fine shape. nasdaq is down about 3 1/2% here. in terms of what's behind all of this, there is a lot of chatter on the floor today. expectations that central banks, global central banks will step in with more easing. first half of the year you have the window-dressing phenomenon where pension funds and portfolio managers rebalance portfolios and asset allocations. that also adds to some of the

lori rothman from the floor of nyse. what do you see? >> not good. even though came in better than expected in terms of eps, revenue was in line a little soft. here is the problem. futures orders, orders placed six months into the future coming in worldwide 8%. analysts were looking for futures orders worldwide 12%. that is a huge miss there. shares i believe are tanking on that news. it is interesting, looking at the options. after-market was pricing in 5 1/2%age move in either direction. that indicator was pretty much spot on. unfortunately we're of moving down close to 6% on miss in wordwide futures orders for nike. we know that the company has suffered market share loss to competitors. also a slowdown in the overall athletic sector. we'll continue to look under the hood to see what i find for you guys. back to you. melissa: lori rothman, thank you very much. david: coming up, more outrageous failures at the va. why veterans desperate cries for help have gone unanswered. melissa: after two years republicans are finally releasing their report on wh

lori rothman is at the new york stock exchange. so, lori, early in the day, were traders expecting a bounceback? >> not early in the day. in fact, you will recall, deirdre, we had s&p downgrade the uk from a aaa to a double a. that was shortly followed by fitch which downgraded from a aa-plus to a double a. after the first downgrade by s&p, you saw stocks selling off. dow at the low of 336 points but as you know we closed well off of that low. the dow down 260 points today. yes over the last two sessions we're down a lot. we went from 18,000 handle on the dow last week to now a 17,000 handle but what is interesting if you look at the s&p 500 which also lost 396 points, that's tough but -- 36 points. we closed at 2,000. that is a key support level. we bounced off the 2,000 support level at least three times. once mosh the vix index, the volatility index, the fear gauge. this is an indicator. nobody wanted to go out on a limb say worst is behind us, market selling, but fear subsided some. this is where he stopped today. tomorrow obvio

lori rothman on the floor of the new york stock exchange with the fox business tech minute. lori. >> yes, thank you. emergency sos feature on the watch, users will be able to press a side button to call 911, it shares the watch's location and user's medical information. >> an alarm if they left a child or a pet in the back seat, and an alarm. the gmc arcada is the first in the industry and gm stock is up about 1%. and mark zuckerburg holding his first facebook q & a and addresses user submitted questions voted on by likes. back to you. liz: thank you very much, lori rothman, two california girls. we're 30, make that 29 minutes away to the closing bell. we have at dow jones industrials down, certainly not totally out. it feels like we're closer and closer to the flat line and some bulls and buyers are trying to come in and do a little bargain hunting. hillary clinton playing counter puncher, facing donald trump's attack. and the speech expected to give and how the orlando massacre may very well shape the rest of the 2016 race, specifically the conventions. the countdown coming

straight to the new york stock exchange, lori rothman with the details. this is an interesting last 45 minutes of trade. >> reporter: fascinating phenomenon, especially with the vix that you mentioned. saw this yesterday. could this signal a bottom that the vix started backing off yesterday while stocks were selling off sharply. as you mentioned vix coming in today, interesting stat here. the last four times the s&p 500 has fallen 1% and the vix in tandem dropped at least one point. that has signaled a bottom and stocks have rallied off that point. you mentioned we hit a session high. another thing traders are telling me the 200-day moving average on the s&p 500, 2021, we have blown past that mark, that's giving folks confidence. oil closes a gain of 3%. that providing confidence as well today. lot of folks picking up shares of diageo, the british multinational, who couldn't use a drink right now? the pound is weaker, up about a percent today. the trend is down for sterling, that gives diageo a tremendous advantage doing business since it sells so much bo

. >> i'm lori rothman with today's fox business tech minute.n of a new era of tech ipos. shares took off this morning with gains as much as 86%, am i i seeing that right? wow. now, the company price is just $15 a share, now trading above 27. raising hopes that investors' appetite for u.s. tech ipos has finally returned. since this year has been the worst year for tech offerings since the financial crisis, twilio makes apps to communicate with customers via text messaging and voice. the software company has had three developers coding all day live from the floor here. they say they are working to build as many apps as they can using the company's voice and text messaging software. twilio's strong debut valued the company at more than $2 billion. liz: no doubt a blow to president obama's legacy today, the supreme court in essence blocking president obama's drive to expand his executive actions on immigration. what his actions would have done would tried to make as many as five million undocumented eligible for quasi-heel status. leaving in place

. >> i'm lori rothman on the floor of the new york stock exchange with this fox business brief.l growth concerns right now the dow is down 132 points, the s&p 500 off 21. gawker media has filed for bankruptcy after 140 million-dollar legal battle with hulk hogan. bankruptcy allows gawker to avoid paying hogan the money while it continues. company now up for auction. with the matter the opening bid will be $100 million. well, a couple of weeks ago it came out that silicon valley billionaire investor peter teal had been financing hogan's bills to teach gawker a lesson. shares of urban outfitters down about 6% here after seeing quarterly, retail segment sales so far are coming in the mid-single digit negative level. at least six brokerages cut price targets on this stock. more countdown to the closing bell straight ahead thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you d

liz thanks so much, lori rothman. folding like a -- right?ike a newspaper right under my arm. we're closing in on 18,000, we stand at 17,975 on the dow as hillary clinton closes in on her own page in the history books. donald trump faced with a daunting issue. how, even with the help of a lot of billionaires, is he going to raise enough money to compete? john jordan runs a major winery, he's got money, he raises funds for gop candidates. he'll tell us how he feels the trump train can cash in on the gop gravy train. stay tuned, more "countdown" on the way. it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business. centurylink. your link to what's next. i'm going to make this a

lori rothman from the floor of the new york stock exchange. tell me about the big movers. >> start with the vix that was a huge mover at level of 21. back above that 20 mark. this is one week high for the volatility index. it really signals how investors are nerve vest especially as we come closer to the "brexit" vote on thursday. we won't know the vote until early friday morning. u.s. investors keeping eye on the pond. u.s. stocks moving in tandem with the pound sterling today. look at movers. restoration, shares are a bummer. bb&t analysts saying restoration hardware, why don't you do a deal with williams-sonoma? you guys would make a great couple. they make a growth vehicle and williams-sonoma could use higher end furniture line and they have the good, best, better and pottery barn and best might be restoration hardware. >>> hewlett-packard in the news as well. this is mover raising third quarter profit outlook with a plan to discuss updates to it is printing business in particular on a conference call this afternoon. hewlett though down ab

it removes some uncertainty and while we have a celebration of that, lori rothman joins us now with somes that are actually bracing for potential fallout. lori? reporter: hi, there, connell. it is worth mentioning that finland's finance minister dubbed the "brexit" as a lehman brothers moment. there is a argument if "brexit" does happen, it could be a watershed moment for stocks and there is also however the argument that the lead-up to the "brexit" even though this morning the polls are leaning toward a bremain, we have to follow stocks that do have exposure to the u.k. let's look at some headliners here in the u.s. they're higher in broadly higher market. ford, exxon mobile, ebay, stocks we picked out from a broad range of industries that do significant piece of business in the u.k. and asia obviously we're pointing out. look at this breakdown of companies that have significant percentage of their revenue coming specifically from the united kingdom. we looked at this automotive company, 33.4%, of its revenue comes from the u.k. ppl corporation, this is utility holding company, 31.4%. t

watching all the action in oil and gold, cme, the lori rothman is on the floor of the new york stock exchange. lori, what is behind today's selloff? >> here uncertainty. obviously we have a fed meeting on interest rates. the decision expected on wednesday and then the vote, the so-called vote will the uk leave the eu? a lot of jitters and nervousness and uncertainty about what comes after this market event. so we have a big swing tthe dow today closing down 132 points. that was up 27 points at its best level today. but as you know closing down triple digit levels. and, you know, we know that investors are nervous because we just have to take one look at the vix, the volatility index to measure how nervous or volatile investors are feeling. a big jump today. so now you have the vix index up six consecutive trading sessions. up 22.5%. and sadly we've seen this before. airline stocks getting hit the first trading day after a terrorist attack and that's certainly what happened today. american, ual, jetblue all down three 3 and 4%. back to you guys. >> lori, thank you. as lori is talking a

lori rothman on the floor of the new york stock exchange. we fought back towards the end, right, lori? >> reporter: we did, we did close off the lows of the session, connell. what's telling is the vix, the volatility index, the market gauge of fear. it has been up six consecutive sessions, the vick slipped back half a point. a level at 20. if we had closed on the vix at highest levels we've seen today, the vix would have been at highest level since february 24th. that date is important, two days after the recent market low. continued fear, continued uncertainty, you've got the brexit vote next week and, of course, the federal reserve started two-day meeting. we'll hear decision on interest rates tomorrow afternoon. let's look at the home improvement stocks. this is a story. retail sales numbers which were pretty good. but the component showing the sales and building material and garden equipment. that was a shocking decline of almost 2%, and home depot is a major component of that part of that sales reading. so home depot and lowe's were lose

lori rothman is on the floor of the stock exchange. >> reporter: you can only stretch a rubber band so far. a lot of traders felt 5-day selling was overdone and investors pricing interest rates remain at current levels at least for the duration of 2016. those are the big themes. you tend to get a significant fighting equities. you have a quadruple switching day tomorrow along with rebalancing the s&p index. those are the things we talk about on the floor. the movies today, telecom powering the s&p. they are buzzing about unveiling the next generation, 5g networks 5 times faster than were current wireless devices able to function. down 4%, even though id retail shipments rising this year. back to you. melissa: thank you so much. movement in oil and gold, tumbling to a 5 week low dropping 4%. >> what happens with this, whether it is going to push europe into a recession. it reminds me last year, no one thought it would be a big deal but it put europe into a recession. it hurt energy demand and the cascade effect of the slowdown went down. look at gold today, the highest level we have see

lori rothman is on the floor. >> we have four consecutive days of losses. but the problem isn't just here in the united states. call it a global flight of quality. you have significant declines in the euro, yen and pound. and we've got a strong dollar that's weighing on the price of equities and crude oil. it's just about to close here. once again due to the stronger dollar. the s&p down 1/2 a percent. interesting, we're seeing the gun stocks kind of pulling back today after significant rallies yesterday, obviously in the wake of horrible events in orlando over the weekend. check out smith & wesson down about 5% and then vista outdoors down 1/4 of 1%. trish, back to you. trish: thank you, lori. hillary clinton is choosing to focus on gun control after the attacks in orlando. she's restating her support for banning military style weapons and calling for tougher measures. >> if the fbi is watching you for suspected terrorist links, you shouldn't be able to just go buy a gun with no questions asked. trish: got to admit, seems kind of obvious. joining us, the f

go to the new york stock exchange where lori rothman is standing by with news on that. >> ash, the modellatest tesla model. it will begin production second half of next year. it will cost $35,000. elon musk says if you want to use supercharge es to get tesla charged in under an hour, it will cost you. just for comparison take, if you don't use tesla charging station it takes 10 hours to fully charge the electric vehicle. this move is, not i should say unprecedented. tesla has done it before with model s in 2012. users had to pay $2500 to access superchargers then. you know what happened to the model ss? they were discontinued because of low demand. musk says it comes down to economics. they will charge for drivers of new model 3 to use the supercharged booteries. ashley: always a catch. lori, thank you very much. june kicks off with downbeat note. we haven't gotten out of the starting gate. plenty on the calendar to keep investors business. there is jobs report friday and fomc meeting and britain's exit from the e.u. vote on june the 20 third of. let's bring in marks maxim. what are you

. >> reporter: i'm lori rothman on the floor of the new york stock exchange with the tech minute.ourth time's not the charm for spacex, they attempted to bring falcon 9 rocket back to earth but did not stick another would have been historic landing on a drone ship in the middle of the atlantic ocean. the rocket was lost in the landing. speaking of space, nasa recruiting teachers and explorers to go to mars, showing a series of retrorecruitment posters that show what humans need when they go to the planet in 2030. that's the plan at least. >>> the big theme is virtual reality, and developers try to make the gaming experience more real. sony just announced the release of the play station vr platform in october. more "countdown to the closing bell" is straight ahead. . liz: americans in swing states of colorado, florida, new hampshire, ohio and virginia woke up to what you saw on your screen. brand-new ads focused on hillary clinton's dedication to helping children, and there is also this, her campaign squashing any rumor of a clinton-bernie sanders ticket, and she picked up the endo

phil flynn, price futures group watching oil and gold from the cme and lori rothman on the floor of the new york stock exchange. lori, you're looking at more retailers feeling the pinch. >> let's start there, david. retailers feeling the pinch, particularly vera bradley, the handbag maker. despite better-than-expected earnings they have analyst downgrades. vera brad did i reported sales down 6.7%. dragging down in sympathy, kate spade off 4 1/2%. a better report from amazon. the report from the floor, if you're keeping track or keeping store, another lifetime high for amazon. this is the third consecutive session amazon hit a new high. you will recall back to the consumer spending report. biggest jump in april in spending in many years. everyone is looking toward the new tactic of spending online. amazon the king of e-commerce. amazon benefiting big. this is the sixth record high amazon hit this year already. let's look at the broader markets. stocks close on a session high. investors, this is ahead for the next fed decision to tomorrow's all important may jobs report. 204,000 new jobs

lori rothman on the floor of the new york stock exchange. lori, we couldn't hang on to it. what was driving it and why couldn't we hold it? reporter: health care was the drag. crude oil settled above 50 bucks a barrel today. as far as the dow hitting 18,000 but paring those gains, s&p 500 closing still at the best level since last summer basically. energy, telecom, industrials are among the best performing industries but health care sold off, especially late in the session. that started by valeant once again, the usual suspect. valeant touching a new low today basically slashing guidance. new york-based investor slashed its stake in valeant by half. that hurt as well. valeant shares are off 76%. it is off today by 14 1/2%. ralph lauren, luxury fashion retailer, plans to cut jobs, close stores, a plan to lower costs. investors not too impressed as you see by the performance there. down 2 and 1/3 percent. david: lori, thank you very much. phil, oil back above 50 bucks a barrel. how high do traders think it will go? into. >> first time this year, believe it or not, dave some t

price futures group, fox business contributor, watching action in oil and gold from the cme, and lori rothman on the floor of new york stock exchange. lori, stocks doing an about-face this afternoon. what happened? >> hi, melissa, sorry about that. some audio trouble. look at s&p 500, look at the close, 2099. one point away from 3,000. markets pretty much ending the session where they began. big events this week. opec, may jobs report. referendum on "brexit." tepid beige book. disappointing car sales. that all weighing heavily on investors. we did see big movers in terms of individual names. begin with whole foods. shares were up better than 5% today. credit suisse raising rating to outperform from neutral. selling more private branded food. we'll see if the strategy works out for whole foods. back to you. david: lori, thank you very much. phil flynn, i'll tell you, i tend to discount all the opec meetings but there is one tomorrow. can we expect anything of it? >> i think nobody expected anything, dave, but the news is today, we may actually get some type of agreement. that is what brought o

lori rothman on the floor of new york stock exchange. lori, losses began to accelerate this afternoon when s&p cut its debt rating on the uk that was the trigger. reporter: you said it but we came back a little it about, melissa. i saw you did quick addition. 870 points down on the dow in two sessions. could have been a lot worse. 18,000 we were talking about that, but now we're closer to 17,000. still off the february lows. s&p 500 bounced off a very key support level of 1991 at least three times, closing at even 2,000. the vix, the volatility index came in as well. a lot of traders, i don't want to say breathing a sigh of relief. that is too trite. we came back in the last 30 minutes. that is important. look at couple stocks that really suffered today, mcdonald's, credit suisse came out today. macro headwinds increase due to increasing exposure to the uk and european economies for its business. that is a look at mcdonald's. kroger interesting, kroger suing visa that their debit card fees are outrageous. visa was lower by 2.25% in over a

i want to get to lori rothman on the floor of the new york stock exchange. lori? >> reporter: the trade on the back of the fed short on the dollar. the fact that the federal reserve and janet yellen just indicated pushing off next rate hike to beyond the summertime. ratcheting the rate hike expectations means a softer dollar. dollar did move lower on the back of the fed announcement. having said, that the other traders told me that might be a fine near-term trade, we have the brexit vote next week and seen currency instability. significant declines in the pound and the euro and that money has flowed back into the dollar. i say dollar volatility. you want to avoid financials and growth stocks. financials are way up in the session. this is what the folks are telling me today. trading short-term on the fed. common to go long on the fed. nondecision was highly expected. precious metals, gold up after the fed announcement, you, meaning the traders are telling us to do that. gold flirting with 300 bucks, 1300 bucks per troy ounce and the 10-year yield at 3 1/2-year low.

lori rothman from the floor of the new york stock exchange. lori, which stocks got hit the hardest bit jobs report? >> financials no surprise right there, david. heavy buying on short end of the yield curve. yield went down to 1.79. how major financials profit from loans and higher interest rates, no surprise. we saw such trouble in the financial sector. the dow itself off 31 points. well off the lows for the session worth pointing out. schwab, bank of america, citigroup all down in excess of 3%. on the other side of the coin, when you talk about yield, you will not get yield to government debt on back of that jobs report, some of that yield payers, dividend payers, tobacco, they were outstanding, reynolds american, altria group, dividends in excess of 3%, have banner days today. back to you. melissa: thank you, lori. gold getting a big boost, hitting three-month high, highest one-day jump in 11 weeks. what is behind that? >> well it is all about the fed and this terrible jobs report, melissa. it really makes you wonder, does the fed have any c

lori rothman on the floor of the new york stock exchange. lori, talk to me what happened in the last hour? >> it was dramatic, right. i don't want to say a selloff because obviously still ended up triple digit but at session high we were up 270 plus points on the dow. probably some profit-taking. this is also time of day some of these polls come out of europe. we're expecting a couple 5:00 p.m. eastern if i recall correctly. ears open for that. there is also s&p rebalancing on friday. when you look at the dow, i love that heat chart of the dow components, interesting, technology, microsoft, apple, cisco, all in the red here at the close. worth a mention, the vix index, the volatility index measure investors fear climbing higher and higher all last week. well it came in today at weakest point, about 11% decline on the volatility index that says something. a lot of people are focusing on technology which has been battered down segment over recent weeks. so perhaps profit taking there. back to you guys. david: lori, thank you very much. phil, ki

we have lori rothman on floor of new york stock exchange. big rally driving story. what does it mean? >> we'll close at session highs today with the dow up 228 points, comfortably above the milestone 18,000. we saw a late surge of buying as we saw a spike in the pound sterling. so the pound sterling against the dollar is up about 1.2% and that says something. this market believes that the uk will vote to remain in the eu. let's look at some of the bank stocks. goldman sachs is a leader on dow. no surprise. these guys have been turning positive since late last week. bank of america, jpmorgan, european banks as well are strong, pardon me, i'm getting ahead of myself. i do want to back up to mention the vix because this is a big story. risk on day today. risk came in trading level about 17 and change. two days ago with the "brexit" worries, that vix was above a level of 20. so that is a huge message right there in terms of investor confidence and calmness today. guys, back over you. david: lori, thank you very much. phil flynn, oil edging just above that 50-dollar mark

. >> i'm lori rothman on the floor of the new york stock exchange with this fox business brief.he dow jones industrial average down just 10 points off the lows today. we were down 149 at weakest point. walmart announcing it is partnering with ride hailing services uber and lyft to deliver online groceries. the world's largest retailer to they will charge customers 7 to $10. the. >>> the chipmaker reported better-than-expected profit and revenue. top-line growth jumped in it is biggest business, wire infrastructure. >>> look at shares of the gap. retailer reported a 6% drop in maycom sales. that was better than expected. get back to the closing bell with liz claman. liz: hillary clinton just wrapping up her women for hillary event in culver city, california. she is giving a thumbs up. there were a lost celebrities -- a lot of celebrities there from sally field, sofia bush. that is what you see at the rallies, no matter who is there, no matter who the candidate, whether donald trump, see cell phones being held up? it is ahead of all-important california primary. after secretary cl

futures, fox business contributor watching action in oil and gold from the floor of the cme and lori rothman from floor of new york stock exchange. of the three indexes nasdaq took it on the chin hardest. tell us other details. reporter: this is fairly typical risk-off day. european gdp. week global bond yields. overall concern about overall global growth. of course you have this "brexit" vote. later in the session we had survey put out by "the independent" newspaper, more people are in favor of the u.k. leaving the e.u. the dow was down at its weakest point, down 113 points. -- 173 points. traders tell me it was short squeeze. it only ended down about 119 points. the vix, how we gauge how volatile everything was, fear index, biggest gain since january 7th on the volatility index. so that is telling. getting back to the theme of global growth an concerns about going forward we saw taking a hit in the financials. foreign money center banks no surprise with the "brexit" coming up in couple weeks. financials down 2% thereabouts. with that i send it back to you. david: lori, thank you very much

lori rothman. you've been watching this. i thought it was good news but apparently not so. why? >> it mixed report here. the headline david is that the federal reserve has approved 31 of 33 bank capital return plans. so the two banks not approved are deutsche bank and santander. you're looking at citigroup, citigroup actually did get approval to do an $8.6 billion share buyback and raise its dividend to 16 cents per share. that is why you're seeing citigroup shares up in extended session. bank of america, another huge buyback they got approved to do. it will be 5 billion shares,b of a buying back 5 billion shares by 2017. hiking dividend to 20 cents from 15 cents. and so basically the story is that the fed feels that these banks which are considered too big to fail under systemic pressure have a little wiggle room to return value to shareholders. david: i think i misled in the intro to that. the banks are doing well of a hours. >> santander is one that is down. they failed three years in a row. david: foreign banks are not surprising. u.s. banks are doing well, giving stock buyb

lori rothman from the floor of the new york stock exchange. the dow making it happen. what were the bilge drivers? >> not a lot of confidence, david, not a lot of conviction. as you know the dow traded in narrow range, crossing epsychological milestone, 18,000, almost 60 times. yesterday hitting 18,000 crossing above and below 32 times. you have to question investor confidence. first time we have the dow closings above 18,000 for many months. all-time high for s&p is 2130. that puts large cap index, broad market averages within 1% of s&p's all-time high. story of a weaker dollar today, that powered oil prices above the 51 handle today. it also gave a nice lift to some of the multinational companies. one name in particular, nike. had a nice day. shares up 1% and companies do better under weaker dollar as their profits are booked in u.s. dollars. interesting note on nike, announcing it will continue its contract, agreement with maria sharapova, the tennis player banned for doping. nike said it wasn't her fault. she didn't know those substances were banned. latest from he

but lori rothman is up first on the floor of the new york stock exchange. when the fed came out, lori, we did see a little bit of a spike; right? no rate change but a little bit of a spike and then everything fell flat on us. what happened? >> well, janet yellen started speaking and the folks down here believe -- blame yellen for cracking the market about 3:30, 3:45 eastern. you know, yellen commented that they underestimated the impact of cheap oil prices on the broader economy and the guys here, again, very critical. and ladies too of yellen tap dancing some very pointed questions about the direction of our economy and global influences, et cetera. but before she started speaking, as you said the decision on interest rates was no surprise and the statement itself was pretty doveish and the reaction was exactly how you would expect the markets to react when interest rates are being pushed up. that was also part of the statement that we're seeing fewer rates here going forward. so we had higher markets, that turned around. the vix actually went up, and it ca

stuart: lori rothman, give me the story, why is it up 3%?> yeah, it is, rather, a great way for solar city to open up this morning, up almost 4% here now. analysts looked at capital markets and that's important because the entire solar industry has been under intense criticism from the community from their lack thereof to access funding and great for the bottom line and great for the balance sheets to be able to have this cash flow. that's where the optimism is coming from this morning. stuart: got it, lori, back to politics. hillary clinton says fixing the nation's infrastructure is a major part of her economic plan, roll tape. >> we need a big infrastructure plan. i don't, for the life of me, understand why today's republican party in congress opposes the kind of investments in infrastructure that we've been doing literally from the beginning of the republic. i want to have as big an infrastructure project as dwight eisenhower had when he did the interstate highways. stuart: that was clear. let's bring in louie gol mertz. the potholes, the

let me grab lori rothman. come in as we're putting the board up.were at session lows, we've come back up off that. but what are you traders, what do you think? >> the have to tilt index right now, liz, it's coming in. looking at the big board, coming in more than 2.5 points right now. down about 8% when the trading day started and basically this is -- so much out of the money priced into this. in other words, people are shorting it, thinking that all of the chaos and confusion and concern resulting from the brexit will be behind this in a matter of time. and you can see someone else pointed out to me on the s&p we bounced off 1991 three times. so we're looking at a level of 2001 and that's important that we keep bouncing off that support level because it means the market -- liz: something very weird happened earlier today on this floor and one of the traders pulled me aside and said highly unusual to see the markets hit session lows earlier because we since hit deeper lows. and have the vix also dropping, meaning fear coming out of the market. that

lori rothman. >> reporter: it really just turned around suddenly, right?eally in the last ten minutes the market just evaporated. still up 131 on the dow, that's impressive. the overriding theme has been recent polls showing more people in the u.k. are in favor of sticking with the e.u., someone just shouted that apple turned negative, maybe you can confirm that with me. i'm not at my computer, so i'm not able to do that off the top. the vix has come out a little bit now, it's up to 18. volatility, not a lot of macro today, not a -- liz: apple is negative, lori, down about a quarter of a percent. >> reporter: okay, that might be a drag there. liz: it might be a bit more there. >> reporter: where'll try and see the story, a pretty good news with twitter doing a deal, financials are now selling off, i'm hearing, as well, and that's been a pretty regular scene too with the brexit. i'm curious, liz, maybe we could check headlines if there's something else. we know some polls were due to come out this afternoon on brexit or bremain, what they'll ultimately vote

i'm lori rothman with your fox business report.une" and "l.a. times." this is rebranding strategy. short for tribune online content. starts june 20th. instead of trading here at new york stock exchange, they will move over to nasdaq, trading appropriately enough, trnc. >>> the shockingly horrible jobs report has most people thinking fed will move away from raising rates. question of a july rate hike because the report was so bad. where do you get yield? if you're an investor looking for dividend play, utilities are way to go. utilities have a banner day. as a sector it is up 16%. look at some of the names. those are best performers, sempra, consolidated energy, up better than 2 1/2%. get you back to "coast to coast" of the my name is fred and i carve heads out of cheese. it's not easy. i was once working on a bust of shaquille o'neill in swiss. i haven't worked in swiss since. everyone called me crazy. things really took off when i got my domain name headsofcheese.com from godaddy and now they're selling like hot cakes...made of ch

lori rothman with fox business brief. stocks surging for second day.s are also fading. so-called window-dressing going on. end of second quarter. first half of the year therefore investors rebalancing portfolios. we definitely get positive momentum on these last milestones days. look at movers here. canadian pacific shares popping up more than 2% as the company announcing 500 layoffs. fewer people monitoring the track. lending club also hiring. layoffs 12% of the workforce profits will not grow until second half of next year. reports that apple granted technology which would stop iphones from taking photos at concerts, forcing concert goers to watch the show and not stare at their phones. latest at business with "cavuto: coast to coast." charles: markets in rally mode right now just a couple days after the british exit vote. obviously the fears are beginning to subside. dow near the highs of the day. we have former reagan advisor diane furchtgott-roth says fears over bret irk exit were overstated. thank you for joining us. >> good to be here. charles:

. >> from the floor of new york stock exchange, lori rothman with fox business believe.r two days kors up 11% reporting some of the strongest sales, best report in a year in terms of sales for kors. also announcing strategy selling, fewer accessories in north america. preserve the brand and change inventory. luxury retailer not enjoying move, turning south. kate spade down 5% today. another retailer in the news, walmart announcing six or nine months away from using drones in the warehouses to check inventory. walmart shares up 15%. over the last year. check out talking about using drones year-to-date. those shares up 7%. cavuto "coast to coast" continues after short break. connell: i'm sure most of you already know, today is national rotisserie chicken day, right? but, so businesses are getting skewered a bit, you see? that's our second one. elon musk one was almost better than that. holy cow. now while, some of these chains that make chicken and the like are looking at not only chicken and regulations of business, which ties back in all seriousness last segment. talking

. >> hi, everybody, live from the floor of the new york stock exchange i'm lori rothman with the foxading day two. let's look at numbers. obviously another sharp selloff underway here. you're looking at dow over the last week. it is down 1.6%. let's move on to the s&p 500. very important perspective here. we're well off the february lows. over the last 52 weeks however, we are down. two days of deep losses, more than 4 1/2%. that is over the last year, down nearly 2%. all right, travel stocks, no surprises. weakening global picture. among weakest performers in the sessions look at those airlines, 8% off on united continental. american down 6% and change. delta is down as well. there are stocks in the green. interesting, kroger, one of the best performers on s&p -- weakening global economy. get you back to "coast to coast." connell: back here with market sell-off day number two after the vote in great britain. we have piece with breaking news after the conversation about ratings agencies. we have not heard from moody's just yet. we heard at s&p perhaps angry of charlie gasparino chara

. >> very good afternoon, live from the floor of the new york stock exchange, i'm lori rothman with yours brief. stocks in rally mode big time. this as u.s. stocks trade right in tandem with the pound sterling. we believe that the uk will vote to remain in the eu. we'll know for sure tomorrow morning. dow up 14points, within striking range if you will of dow 18,000. this company makes apps allows customers to interact with companies making debut here at new york stock exchange. up 72%! this is the first ipo that has been this successful in the long time. so far it has been the worst season for eye. ipos. other techs are watching maybe the time is now. meantime macy's shares up 2%. terry lopped again says in 2003 he is stepping down. company is struggling to adopt to changing customer demand at moss sphere. "cavuto: coast to coast" continues. my name is fred and i carve heads out of cheese. it's not easy. i was once working on a bust of shaquille o'neill in swiss. i haven't worked in swiss since. everyone called me crazy. things really took off when i got my domain name headsofcheese.com

. >> good afternoon, live from the floor of the new york stock exchange, i'm lori rothman with your foxpoints off the session highs so far. dow back in positive territory for the year. "brexit," no big deal. game on for companies. we have deal news for you. one in the entertainment industry. lion's gait offering to buy starz. lionsgate made "hunger games". starz has outlander. mondelez made a bid for hershey. best known for cadbury. this is $21 billion market cap for hershey. 23 billion-dollar reported offer from mon dell lease. let know when hershey reopens. other food stocks reaction are soaring. connell: let's stay on this news we told but a moment ago from standard & poor's, downgrading the european union credit rating to double a from aa-plus. our next guest, media tycoon conrad black joins us. you have been out there saying if people say the vote in the uk is a problem for the economy, they don't know what they're talking about. so i come to you with this latest information and this downgrade of the european union and you say? >> i say that that is precisely where the vulnerabilit

. >> i'm lori rothman with your fox business brief.or stocks today he specially if you're a bull. s&p 500 continues march toward new record levels. still 1% off the record high. s&p, up .2 of 1%. industrials, consumer non-cyclicals, staples and technology leading the way on broad market average. story of the day is really the dollar. we have severely depressed u.s. dollar. that is giving a big boost to oil and u.s. commodities. steel stocks are benefiting as well under the same theme. look at ak steel up%. united states steel up 10%. gold miners are sparkling as well on commodities rally today. look at some of those gold related companies, the miners. iam gold up 6.6%. anglogold up 6 and 1/3 of 1%. s&p better by four points. [plumber] i need to be where the pipes are. so i use quickbooks and run my entire business from the cloud. i keep an eye on sales and expenses from anywhere. even down here in the dark i can still see we're having a great month. and celebrate accordingly. i run on quickbooks.that's how i own it. charles: hillary cl

back to lori rothman. better explain this to us. >> forgive me, i actually have to read this because i can barely stomach it. mac and cheetos, deep fried sticks of macaroni and cheese encrusted in cheetos flavored breading. this was inspired by the dorito loco taco, the dorito flavored taco shell. they'll sell for for eight weeks or sl supplies run out. stuart: you seem leak you don't know what to say about this. let me fill in the blanks here. this is the end of cale. this is the end of rabbit food, like salads for breakfast pour something. this is comfort food, it's going to sell like hotcakes and look at that, the market loves it. >> only 2.50 for five. >> 310 calories, about an egg mcmuffin. stuart: where is my intern? i want an order right now. lori, thanks indeed. i don't know what's happened with the big board. we've been sitting there and a gain of 150 points. hardly any movement at all. up or down one point. it's set right there at this moment. it's all about the british vote. the bookies saying t