s&p 500. includingocks lower ralph lauren, macy's, several retailers on worries over china'. a lot to chew on before we get any reason -- any resolution to the china issue. kellogg one of the stocks lower in the s&p 500. plenty are higher. giving a nice boost, we are back at 2835. disney is its own story, up 1.8%. it can effectively do what it wants with hulu for its streaming service. that was potentially expected, although comcast did have to agree. they divided on something that works for both of them. they decided that by january 2024, comcast gets to tell january to buy hulu and disney gets to tell comcast to sell them hulu. that is the hulu question satisfied. uber is bouncing back after what we can definitely say was a bloodbath for that stock. a couple of days of heavy selling. it is bouncing up .7%. it was lower earlier, so it is one to watch. apple is up .5%. apple is dragging on indices. it looks like it is not dragging so much for now. guy: the trade narrative front and center. earlier, bloomberg talk to the new york fed president john williams in an exclusive conv

s&p 500 up 0.6%. macy'sesults show it is in a better place but a turnaround remains fragile as trade clouds loom large. some of wall street's heavyweights, where they put their cash in the first quarter, as hedge funds report holdings. we work, we live, we spent. how the startup is turning to financial gymnastics to keep growing. first, let's get you an update on the cisco earnings come out just moments ago. we did see a beat particularly looking toward the first quarter revenue. bigger than estimates. trading higher after hours. our analyst. >> solid guidance. growth forpoint 5% the fourth quarter outlook. cisco, due tois its size and role in the infrastructure of the internet just sort of a pure play proxy about corporate investment? of corporate spending from a global basis, it is a good proxy given their breadth and size. so, it is a good sign that f1 spending is still fairly healthy. romaine: how insulated is a? company like cisco -- is a company like cisco? >> may have said in the past that a 25% tarif

macy's down close to 30%. the sindex the worst-performing sump industry group on the s&p 500 so far this year. one of the biggest issues seems to have been same-store sales for the retailers. that is the metric that measures sales growth in brick-and-mortar stores. continueseting online to be extremely difficult for these traditional companies. meanwhile, the existential threat that is amazon continues to grow. take a look at this chart. the blue line is amazon's market cap. now a bigger market cap than all the rest of the s&p 500 retail sector. just today, one analyst said amazon's core retail business is undervalued. scarlet: thank you so much for that set up. now let's turn to trade because areese officials say they committed to striking a trade deal with the u.s., but they are also ready to respond with more countermeasures after the blacklisting of huawei. let's bring in sarah mcgregor, who leads our economic coverage in washington. sara, the two sides of course trading barbs. no talks are scheduled. i do not b

macy's, and cisco. investors weigh the impact of the escalating trade war between the u.s. and china. the dow 2s yeda the s 500 >>> a bill approved yesterday outlaws the use of facial recognition technology by police and other agencies. it does not prevent business ouseho from using facial recognition or surveillance technology such as on their own security cameras. san francisco's new rule goes into effect next month. >>> disney has taken full operational control over hulu from comcast. comcast departure will let disney expand hulu into international markets. disney is preparing to launch its own streaming service called disney plus in november. that service will cost $6.99 per month. disney is vying for a bigger pieces of video streaming markets dominated by netflix and amazon. >>> and american tourists will soon be able to get more than a big mac at mcdonald's ins ma embassies. services include replacing a lost or stolen lectedcause of the brand fame of americans. >> i don't know if i'm lovin' it, but i'm sure if you were in austria finding yourself in need of help, you would be. >> yeah, i like that on

at some of the other ones macy's, biogen on the health care side and kraft heinz, worst performing stock but make no mistake. the three most important stocks arguably in the s&p 500 are these names. we're talking about microsoft, apple and amazon why? because they carry the most weight in the s&p 500 and they are still up markedly. each one of them and that, kelly, is one of the reasons why the s&p is power to the record highs we've seen over the last few days back to you. >> indeed, dom thanks the s&p has had its best four month start to a year in more than 30 years. here's a stat. there have been 7 other times since 1980 each ended with positive returns. should you stay with stocks? he is editor in chief of the stock almanac. the momentum is now so strong that based on history, the whole year should finish positive. any context you'd add to that? >> sure. gains tend to be good in general. we looked at the four month top 20, you know, four month gains and it does frontload. it takes a bit of weight away from it. worst six months, as you might imagine, a bit weaker. remaining eight months, about 6.5% or 5% nasdaq has got more. it's not a bad thing that we'r

>> citi today talks about the stealth change in the macy's l model arguing that they look more like a marketplace than a department store there's the sf the screen the opening bell at the big board. it's quadratic management. at the nasdaq, it is jiayin, an online individual finance marketplace in china see some early gains here out of the gate in terms of the chinese headlines overnight, one is that they denied the president and xi have hard plans to meet. no knowledge of plans for a delegation to visit. they received a tanker full of iranian oil. and there's talk that they'll sign a landmark aviation deal with the eu as early as next week so, a lot of conflicting information given what mnuchin said here yesterday. >> i think the hard-liners are in charge there. the hard-liners are in charge here lighthizer a hard liner. the pla that backs xi really stepping up and saying, listen, we have to shut united states down they want to go after us you know, i've been working during the commercials samsung is saying we'll build the 5g just give all that business to us we'll create the 5g network. taking the place of huawei i don't know this

s for some by the latter part of the work week. (ácommercialá)(áábreakáá) (áábreakáá)(ácommercialá) (áábreakáá) ( darya ) a mountain lion was spotted outside a macy's ( james ) it was sitting in the planters outside the department store..ducking as santa rosa police and the department of wildlife and fisheries tried to capture him once the cat was tranquilized, dr quinton martin was called to tag the cat's ear. he believes the cat is a young male who might have been male who might have been roaming through the ce ( darya ) that was naja hill ( darya ) happening today... witnesses are set to take the stand in the deadly ghost ship warehouse fire trial in oakland.( james ) two men are facing charges for the fire that killed 36 people. kron 4's sara stinson is joining us now live from the santa rita jail where one of the suspects is being held. < i think the judge will allow this in, particularly not just to show this is one of the victims of the ghost ship fire, but also because the text message is extremely relevant to the prosecution's theory of the case that this was a death trap > ( james ) thanks sara. ( james ) we will have a reporter in the co

right now are indicated down about, on the dow 39 points, 40 points the s&p down six and the nasdaq down about 15 points do we have macy'sts. we'll look at how the chart is reacting to results. up 44 cents. it's a beat. up 5.5%. it's moving around quite a bit courtney reagan has latest numbers and also talked with the ceo. court. >> good morning, melissa for the first quarter, macy's' earnings beat coming in at 44 cents, beating estimates of 33 cents on revenues of $5.504 billion, in line with estimates. even though earnings beat by 11 cents, the retailer is just reaffirming its previous full-year sales and earnings guidance and for the comparable sales this quarter, that's licensed plus owned merchandise, that grew 0.7%. analysts actually had been looking for a slight decrease, so that was a beat, too, and the results mark six quarters of comparable sales gains now, the department store saw sequential sales trend improvement in physical stores and online sales grew double-digits for the 39th straight quarter so, all that goes into that comp number and i spoke with macy's' ceo, jeff gennett, and he said when it comes to

earnings season we get to about 90% of the s&p and here comes retail and retail is always fun because they're not in the other indices but they're fun stocks to trade. macy'sh earnings tomorrow morning before the open and no one thinks they're going to do well on earnings and we like to look at stocks like that. macy's $17 not long ago, got up in the low 40s so now we're looking -- back in the low 20s, we're looking at it hard again to see if it can meet some really low expectations >> what do you think the recent sell-off in the retail names has been about do you think it's about earnings expectations or is it about trying to price in the next round of tariffs we could get, 300 billion on chinese goods coming into the u.s. a lot of them going to those retailers. >> some of that, especially with macy's, some of that may have to do with china and the tariffs and the disruption that they're going to see in their chain. but we also look at -- when i look at macy's, i also look at nordstrom. and i don't know if they have the same thing they have a business plan that's much different than macy's so we like to look at both of those. they're both up to date but t

pack for 20 bucks >> i like that macy's a much more but i just was struck -- i said man, this can't be it can't be, manny after the stock was down there is a pause sounds li s-a-w-p-a-w-s. sorry i'm from philadelphia. >> the pause that refreshes. >> thank you >> speaking of which, we're looking for signs that boeing may get a move higher. last night mullenburg apologized to the families and defended the save difference the aircraft saying he would put his family on a 737 max without any hesitation he was asked about his future with booing too. take a listen. >> did you ever consider resigning? >> no. it is important that i continue to lead the country. and the fact that lives depend on the work we do, whether people flying on our commercial airplanes or military men and women around the world who use our defense products, that is a worthy mission >> so he has the families of those who were killed, he has consumers who were also spooked about flying and then of course the relationship with carriers he has to mend those >> yeah, i think that this should have come months ago. it happened though i think that they are trying to change the overuse word narrative,