i think it's priced in. >> i'm melissa lee. you tomorrow right here >>> 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 make you some money, my job, not just to entertain but to educate and teach you. so call me at 1-800-743-cnbc or tweet me at that time

i'm melissa lee. all three major averages at session lows right now. s&p 500 down almost 1%. the nasdaq the biggest loser of the three major indices. we're seeing the biggest one-day losses in fact in more than a month. and keeping an eye on the airlines, they are down big being led lower today by delta and that's airline index on pace for fifth straight down day. michelle. >>> i'm michelle caruso-cabrera. thanks, melissa. here's what else is happening at this hour. americans made more and spent more in june. the government reporting a 0.4% increase in consumer spending. that's the third straight monthly increase. personal income up 0.2%. the centers for disease control awarding $16 million to u.s. states and territories to fight zika. that's in addition to $25 million in funds at the cdc awarded a month ago. and u.s. automakers weighing in with disappointing results. all but toyota falling short of expectation. fiat chrysler did manage a small increase in sales however. phil lebeau will have more on

i'm melissa lee in today wore x for the hour. tart with a "halftime report" exclusive. >> melissa, thanks. thank you for joining us here at cnbc, at our studio for the first time. get to topical stuff here. you were on the board of williams companies for almost two years but resigned earlier this summer saying perhaps ominously you could be more effective as a shareholder off the board than you could on. what did you mean by

. >>> brian, i'm melissa lee, here's what else is happening at this hour. amtrak naming new ceo, previously served as chairman and ceo of norfolk southern. crude oil pulling back slightly but still sitting in a bull market. it's up about 85% from this year's lows. and team usa continues to dominate at the rio games with 100 medals in total. 35 of them are in fact gold. we've got lots to get to today, but we kick things off with a developing story in the pharma world. shares of mylon labs as the company increases the price of epipen drug fivefold. bring in david from wells fargo. thank you for being with us. >> thank you. >> we've seen get into hot water because of eye popping price increases. one could argue this is almost worse because there's really not a classroom in america that doesn't have at least one child armed with an epipen in his or her backpack. >> well, there are two sides to every story, but you're right. the side that seems to be most logical here if you look at it, you have a patent, you have a product that kids need to save their lives or

melissa lee, back to you. >> thank you, rick. >>> all right. let's get to dom chu who has a news alert. >> what we have right now we learned earlier today through a regulatory filing that target's jeff jones, their chief marketing officer, is stepping down from the company. but now we know where he may be going. according to reports citing sources from fortune and "the wall street journal," jones will take up the president role at ride sharing app and company uber. so uber tapping a seasoned marketing executive for a brick and mortar retailer to kind of head its operations, take it to the next level in terms of marketing schemes. overall, michelle, a very interesting move for a company that at one point in the summer had a $60 billion valuation, this time around tapping a senior target executive to head up its operations on the at least marketing and president side of things, guys, back to you. >>> interesting stuff. dom, thank you. coming up, why mr. good bar's having a good day. the good, the bad and the ugly on deck when "power lunch" return

rick. >> hi, melissa lee. whether it's the weakness in equities pushing a little buying in treasuries or the weak chicago purchasing managers, we're back in the range you see it. one-week chart there. as a matter of fact all maturities down two basis points in yield, bond only down one but we're splitting basis points here. how did we arrive in the mid 150s? i'll show you a chart starting mid-june, the high at 175, brexit 623, the all-time low, july 8th, 136. guess what the average midpoint is on that, you got it, 155. i have a feeling we're going to spend more time here. last but not least, let's take a long look at the dollar/yen starting at the end of april. and when you look at it that way, many traders are thinking the next big pivot is 106. a couple of tops and bottoms there, traders do believe the dollar strength may persist with the notion of the fed possibly tightening. i haven't run into anybody who believes it, but nonetheless they're getting long the dollar. sully, back to you. >> all right, rick s

i'm melissa lee. we have your traders on the desk. tonight on fast, oil getting its worst day since august first. the perfect storm may be brewing. and plus a developing story we're following this it hour. senator chuck grassley on mylan epi pen cost increase sending that stock sliding. we're al over the story. and later on, tom lee says he's buying stock with high yield.l . and later on, tom lee says he's buying stock with high yield. tonight he will give us three names he's betting big on. but first, something surprising in the market since we were last on the air. since the start of the olympics on august 5, we've seen some very big moves in several retailers. so big in fact we're calling it a retail renaissance. take a look. nordstrom, macy's, foot locker, ralph lauren and kohl's seeing gains with more than 2%. is it time to take profits? pete, what do you say? stick with the move? >> the majority of the names were beaten down and we talk about the rotation in the marketplace and you look at what is going on in retail and i think

i'm melissa lee.oming up on "power lunch," exclusive interview with jpmorgan's jamie dimon and keeping an eye on oil. crude hitting a 3.5 month low, the top oil man tells us where he sees things headed from here. later, while uber's deal with didi is yet another big win for china. first, back over to the "halftime report." >> melissa, thank you so much. >>> welcome back, by the way. i want to show you shares of ge. it's about to make a round trip. it had a streak of ten straight up sessions. now it's on pace for nine it straight losing sessions. there is ge. $31.14. josh brown, i know you watch this one. >> yeah. >> you own it. >> well -- >> and talk about it often. >> i own it. >> what do you make of the round trip? >> the range is within $1.50. it's really much ado about nothing. stock's finding support at the rising 50 day, will be fine. only issue with what the company has to say now is in the oil and gas segment. about 11% of revenue. 7.5% operating profit. down almost 40% year over year, but the

ewi korea is the call. >> i'm melissa lee. thanks again for watching. 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 just want to help you make some money. call me at 1-800-743-cnbc or tweet me @jimcramer. how do you look at things? what's your time horizon? as we start august, which is historically the toughest

i'm melissa lee in today wore x for the hour. we start with a "halftime report" exclusive. >> melissa, thanks. thank you for joining us here at cnbc, at our studio for the first time. get to topical stuff here. you were on the board of williams companies for almost two years but resigned earlier this summer saying perhaps ominously you could be more effective as a shareholder off the board than you could on. what did you mean by that? >> okay. first, thanks for having me. yes's the last five years one of the largest shareholders of williams. most of the last two years was on the board and resigned in late june along with five other quality directors. six resigned in total. a different view of the management, specifically the ceo and ability of the six directors who stayed to assist and hold that ceo accountable. in some i'd say very much a 1970s board where there's six directors whose qualifications i question. gotten on beal loyal and supportive of the ceo, whose record failed to meet expectations. we went through a long engagem

live from times square, i'm melissa lee. your traders on the desk -- tonight on fast, stocks making new records, but if you missed the rally, we've got the one dow stock that can get you back in the game. plus, what do 3-d system, fit bit and square have in common? suddenly come back to life. dare to buy these stocks? and later, do you hear that fake olympic music? the real song and we've got four stocks to go for the gold. but first, we start off with the markets for today. the s&p and nasdaq closing at record highs and a blowout jobs report, but the real story was the bank breakout helping the load stocks hire. what are the saying about the markets and is this the next great trade? >> what the banks are saying is that the bank stocks are cheap. on valuation, people are saying i got to get in these names. they're cheap. rate rs going higher. the environment's getting better. they have to own the names. i don't know if i necessarily agree, but that's what the markets say. >> financial sector is is now in the green. wasn't ju

i'm melissa lee. here's what else is happening at this hour. oil, out of a bear market. the magic number to watch, $41.33. any trade below that puts crude back into a bear market. the atlanta fed upping the gdp forecast to 3.7%, that is up one tenth of a percent and ford is calling 830,000 vehicles in north america to fix a side door latch. you can find a full list of the models impacted on our website. we do start off with a big brexit bazooka from the bank of england. the boe cutting rates to avoid an economic downturn. steve liesman and dd roy are here with us. start it off here with steve. >> thanks. we call this surprisingly aggressive package of post-brexit stimulus from the bank of england, and it's reverberating in currency, bond, and stock markets along with here in the u.s. here's what they did. they cut rates by 25 base points. that was expected. it's those additional qe purchases, 60 billion pounds of regular qe, and a newfangled qe. 10 billion plus of corporate bond purchases. and suggest

melissa lee, back to you. >> thank you, rick.t says its customers not buying as many apple products as they used to. does apple have a problem? we've got that story next on "power lunch." when a moment spontaneously turns romantic, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical

i'm melissa lee. three hours left in the trading session. stocks are headed lower at this hour the nasdaq now negative for the week putting to danger its six straight weeks of gains. the best performing stock on the s&p 500 right now ralph lauren, the worst is perrigo. much more on both of these names straight ahead. >>> i am brian sullivan, melissa, thank you. the labor department says more jobs were available in america and more workers were hired in june. the monthly jolts job opening and labor turnover survey report says the number of open jobs up 2% from the prior month with hiring up 1.7%. the trial to determine whether aetna's buyout of humana will go through, the judge in the antitrust case says he expects to rule by mid-january. the two companies wanted an earlier trial date. >>> team usa continues to lead the medal count at the rio games. ten of them are gold, some of them are won of course by michael phelps. more on that in a bit. we have a very busy show ahead when we start with two things saying a lot about you, the consumer. th

i'm melissa lee. all three major averages in the red. nasdaq lower for the first time in four sessions. among the biggest losers on the nasdaq 100, activision. ty. >> welcome everybody. i'm tyler mathisen. shares of hain celestial, an accounting probe. much more on this story straight ahead. we're seeing a big move in oil once again. crude touching its highest level in a month or so, back above $46 a barrel. and a trump campaign shooting down reports that former fox news chief roger ailes is advising the trump campaign specifically on debate preparation. the "new york times" reported earlier today that the two were working together ahead of the presidential debates. michelle. >> tyler, i am michelle caruso-cabrera, and we begin "power lunch" with another big blow to obamacare. one of the nation's largest health insurers is pulling out in all but four states. cnbc's bertha coombs is working that story for us. she joins us with the details. bertha. >> michelle, it's a sharp reversal from aetna. they announced a couple weeks ago during seco

. >>> melissa lee. here's what else is happening at this hour. bunch of retailers missing the market. another dose of earnings reports, target, lowe's, staples all sharply lower. a brazilian judge ordering u.s. olympic swimmer ryan lochte to stay in brazil as authorities investigate his claims of being robbed at gunpoint. lochte's already returned to the u.s. we'll have much more on this story from rio ahead. and speaking of the olympics, medals keep rolling in for team usa, america leading the medal count with 84 in total. china trailing with 51 followed by great britain's 50, tyler. >>> melissa, thank you very much. i'm tyler mathisen. welcome everybody to "power lunch." we've got a very busy two hours ahead beginning with that big reboot shakeup inside the trump campaign staff. is this what's needed to help him turn things around? our chief washington correspondent john harwood is live from d.c. with the latest. hi, john. >> hi, tyler. let's start with the context for this move by the donald trump campaign. first of all, look at the situation

i'm melissa lee if nor scott wapner.ow and s&p near all-time highs and the russell 2 thoix s000 at 52-week high. in almost 20 years, is this the calm before the storm? one top strategist thinks and will be in a few. on the desk, we'll get you in a second. first, shares of tesla now are on the move. let's get straight

. >> i'm melissa lee. see you tomorrow right here >>> 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 make you some money, my job, not just to entertain but to educate and teach you. so call me at 1-800-743-cnbc or tweet me at that time jim kr you have to wonder if something good may be coming, coming up for the entire economy, something bigger than we talk about today. today's sleepy session was the new normal. i've made no secret of the fact that i think that the end of the recession with the federal reserve, it has caused millions of people to miss this amazing run from the generational bottom seven and a half years ago. the current hiatus in buying ahead of janet yellen's speech in jackson hole is typical. we wait and then it's gone. what, why have so many been so skeptical of every darn move higher? because in

. >> i'm melissa lee. thanks again for watching. see >>> 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 just want to help you make some money. call me at 1-800-743-cnbc or tweet me @jimcramer. how do you look at things? what's your time horizon? as we start august, which is historically the toughest month of the year. we're getting a sense that the long-term outlook, not the shorter median terrelm, the lon term has taken focus. where the best long-term profits reside. what do i mean the long term? let's start with tesla, solar city. elon musk is trying to create a one-stop-shop for his incredibly popular cars. it can be summed up as i'm smarter than you, so i can't bother with you. and except a couple of things. with this deal, musk is not planning for this year or notex year or year after that. there are 50 million rooftops in this

let's get over to headquarters, melissa lee and the half. >>> welcome to the halftime report. trade biotech and the epipen fallout and mylan saying it will offer more rebates to consumers. the stock is moving higher but way off the today's highs. today's traders. we start off with brian who of course scored the interview of the day with

. >> i'm melissa lee. thanks fortuning into our >>> 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 cray america. other people want to make friends, i just want to help you make some money. so call me, at 1-800-743-cnbc or tweet me @jimcramer. we need to acknowledge that there's an any dynamic in the market. in many industries what we're seeing is that whoever makes the best use of the internet wins! and i stand here at earnings season, talking about whether company's got better earnings, by for a lot of companies, the issue is survival. and their survival might very well depend on how well they're a age to integrate technology. and i know boy, it's a little cheesy. prices drop as you shop! but you can beat amazon's prices. you can, something no one else has been able to do. that means you can be a potent arrow in walmart's quiver. it just has to be there. and the ceo is deter

i'm melissa lee, you're watching "fast money" in the meantime, here is what else is coming. >> this ismost humble day of my life. >> maybe not, because the messy departure of roger ailes has left shareholders in a sticky situation. we'll explain. >>> plus zika is spreading. one market watcher says it's about to do to stock was ebola did back in 2014. he'll show us what he's looking at when "fast money" returns. >>> welcome back. i have the latest on 21st century fox's earnings call, shares of fox moving down about 4%. fox missed revenue expectations by a hair, though the company's earnings beat expectations and fox boosted its dividend and expanded its share buyback. lake lackland, and temporary replacement. >> throughout this process we have moved quickly and decisively to protect the business, to protect its employees, and to protect the unique and month voice fox news broadcasts. there is no one more dedicated or mo able to transition fox news to new leadership than its founders. >> lack lan say. ceo james murdoch was quite frank about the need to do better at the movie studios. jam

what impact would it have in i'm melissa lee, you're watching "fast money" on cnbc first in business worldwide. here's what else is coming up on fast. >> oh -- it's not true. that's impossible! >> that's what investors are saying and crude, which continues to tumble and is now facing a crucial test. we'll explain what this is. plus, here's what vanguard says could happen to the bond market if the job reports come in stronger than expected and we'll tell the stocks that could be most at risk when "fast money" returns. [announcer] it a force of nature? or a salvent? the summer of audi sales event is here. get up to a $5,000 bonus onse. >>> time for a move of the day. oil hitting its lowest level in two weeks, down more than 3% on the back of supply data from earlier today, so, is the oil rally over? guy. >> feels that way. not that seasonality means anything anymore, but december has been a month when crude goes lower. see if that holds up now. ovx, even with the move in cried owl, still at 40 bucks, give or take, which is off the all time highs, but still ill vatedded. if you think it

i'm melissa lee. straight to the breaking news today in fact from the federal reserve. let's get to steve liesman for that. >> melissa, thank you. chicago fed president charlie evans says one rate hike could be appropriate this year. he doesn't love the idea of it but said it could be appropriate. he really wants inflation to be closer to the fed's target before hiking. what's the importance of this? well, other fed officials in recent days have been speaking about just one hike this year suggesting the fed could be backing off once again from its projections coming back towards where the market is as measured by the cnbc fed survey. the fed's own forecast in june showed the average fed official looking for just -- looking for two hikes this year. that was before brexit and the recent disappointing gdp data. one hike this year looks to be the fed flavor of the month. on growth, charlie evans said, quote, u.s. fundamentals continue to be strong, labor market is displaying resilience and second quarter inventory decline was likely transitory, so he could see strong q-3 gro

live from the nasdaq market sight overlooking times square, i'm melissa lee. your traders on the desk are -- tonight on fast, it's been quiet out there, but one says brace yourself, a storm is coming. he'll tell us what has him so worried. plus, tesla shares are doing something they haven't since going forward and it could mark a milestone for the stock. we'll ek plain. and later, photos of what could be the new iphone has apple fans going wild. what it could mean for shares of the tech giant, but first, we start off with the best market. the s&p 500 up a half a percent. and the rally was led mostly by the financials. and here is why that matters. check out this chart. it's a good one. for the last two months, if you want to know where stocks are going, look at the financials. they are breaking out once again, so, are banks now flashing the buy sign for stock? >> well, they're flashing the overheated sign. >> on the technical basis and again, i look at relative strength indicators and by the way, that can quickly be worked off. so, bank of america's got to dec

let's get over to headquarters, melissa lee and the half. >>> welcome to the halftime report. top trade biotech and the epipen fallout and mylan saying it will offer more rebates to consumers. the stock is moving higher but way off the today's highs. today's traders. we start off with brian who of course scored the interview of the day with mylan ceo. >> answering questions today for the first time regarding that massive price hike for the epipen. it's a device needed by people in case they suffer a severe allergic reaction. surely you must understand the outrage somebody i talked to last night said people are outraged because it seems outrageous. this is the same product it was in 2009 but yet the price has gone up 300 or 400 fold. >> no one is more frustrated than me. >> but you're the one raising the price. how can you be frustrated. >> there's a list price of 608. i laid out there are four or five hands that the product touches and companies that it goes through before it ever gets to that patient at the counter. no one -- everybody should be frustrated. i am hoping this i

i'm melissa lee in for scott wapner. top at this hour, long live long longer.n hawkish, kind of, sort of. she hedged again with that same line we've come to expect. the fed is data dependent. is it lower for longer? today's traders josh brown, jim nt

. >>> i'm melissa lee. here's what's on the "power lunch" menu this hour.ge over epipen prices. we take you inside the money chain. is a big central bank party in the mountains signaling a september to remember? and tricked out trucks of the future. we'll kick the tires take you for an incredible ride. the second hour of "power lunch" starts right now. >>> you don't have to dance in the dark, we're always going to shine a light on the markets for you. i'm brian sullivan. hey, everybody. check on the markets, dow down little more in fact near the lows of the session. the dow off 80 points right now. stocks in the red. we were down nearly 100 points. it was up triple digit earlier. so the markets really weakening as we head into the weekend. check out the financials. getting a nice lift on the back of some of the janet yellen comments maybe a little hawkish. would love to see higher interest rates. >> they sure would. i'm michelle caruso-cabrera and headlines at this hour apple rushing out a security update to prevent attacks by spyware that exploits flaws in

i'm melissa lee along with michelle caruso-cabrera. first brought to you on friday, shares of mylan down 4% this hour down almost 7% in the past three days. >> the pharma giant hiking the price of its popular anti-allergy epipen product about 500%. now lawmakers in washington want to know why. cnbc reporter meg tirrell is here with more. >> it's interesting to look at the dynamics. say 500% price increase, it sounds martin skrelli-esque. now as of the last price increase in may two injectors of the epipen cost more than $600. obviously this is drawing a lot of consternation. we took a look into why the epipen is really the option for parents and folks concerned about allergies, and it has to do with the competitive dynamics. different competitors have tried to come out here and compete. go back to sanofi's auvi-q, a product looked like a credit card and had really interesting sort of injection instructions trying to teach people how to use it and was making headway against epipen, but it got recalled in october 2015 because there were

live from the nasdaq overlooking new york city's times square, i'm melissa lee. your traders are -- tonight, something happened in the market a. plus, one of them for the market. we'll tell you why some major ceos are concerned and late e. can't buy them, beat them. facebook taking ape at smap chat, but is mark zuckerberg going down the wrong road in there were major moves in consumer related stocks. check out shares of ford and gm, both sinking. plus check ott the retailers like nordstrom and macy's getting crushed today. is the stock market telling us the consumer may be tapped out? >> i don't think so. i think first of all, retailers have all bounced since may, so maybe the sell off, it's often oversold condition. we had a nice bounce, but the auto stocks have been lousy for three years. think about it. you have in my opinion, the best vir environment in the last maybe 50 years. the stock market is basically tripped. if these stocks have gone sideways to lower over that period of time, you have to ask yourself when is the right time the own these stocks. we've

i'm melissa lee in for scott wapner. top at this hour, long live long longer. janet yellen hawkish, kind of, sort of. she hedged again with that same line we've come to expect. the fed is data dependent. is it lower for longer? today's traders josh brown, jim lebenthal, jon najarian and courtney gibson's what did you make of the fed's comments and reaction right afterwards? >> she said what she had to say. end of the day you have to give a little bit of value. she has seen amazing data. i think they want consistent data that's positive. right? it's been somewhat up and down, trending in the right direction. but she does have to say be consistent around that team. >> does your expectation for a fed rate hike change today? >> no. >> expecting what? >> to hike this year. i've said that the past year and definitely in december. september happens, i think it surprises folks. >> same old same old for janet yellen? >> answer two different questions. one you haven't asked. i think she should raise. will she? no, i don't think so. >> it doesn't matter what you think. >>

. >> i'm melissa lee. thanks fortuning into our >>> 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 cray america. other people want to make friends, i just want to help you make some money. so call me, at 1-800-743-cnbc or tweet me

live from the nasdaq overlooking new york city's time scare, i'm melissa lee, your trader rs -- tonight on fast, stashing the cash. corporate cash levels are hovering near a record, but which sectors are flush with the most cash to spend? we've got surprising answers, plus, a nearly $2 million bet that walmart's record run is only just the beginning. we'll take you bethind staggering trade and later, as tim cook celebrates five years in the apple suite, we'll hear from john sculley for his thoughts on cook's tenure and what he sees as the bigs challenges for apple. first, we start off with a story that moved the market. mylan filing and pushing the nasdaq lower into the close. this is the outrage over the company's price hikes intensifies. for more, let's bring in meg. >> hey, melissa. washington really ratcheted up the pressure on mylan over these epipen increases today. this coming in succession of different areas of the government. hillary clinton putting out a tweet this afternoon saying that epipens can be the difference between life and death. no justification for these price hike

i'm melissa lee. you just saw mojoe's pitch. let's meet the panel. us start-up advisor alicia syrett, she has more than 40 companies in her personal portfolio and serves on the board of the new york angels. also with us nir liberborn. and from the bay area david wu, general partner at maveron, with $1 billion under management with a focus on consumer tech. he's invested in over 50 start-ups as both an angel investor and a vc. okay. so these guys now are in the hot seat. alicia, why don't you kick us off? >> so i thought the pitch was really good overall in terms of the product overview and also talking about some of the milestones. great delivery too. i would like to hear a little about your own backgrounds and how you're reaching customers, but i'll still give you a solid b. on the reaching customers front, i know that people can go to your site now to preorder. but what are you thinking about in terms of marketing and distribution partnerships in the future? >> we are looking for some big name retail stores to have mojoe in. we're also looking to c

first, melissa lee what's coming up on "power lunch." >> hey there, scott.ord highs. pimm cope ceo joins us and plus headed to rio for an exclusive interview with under armour ceo plank and who do you think the typical residents are, lawyers, solve ware engineers? we'll meet a couple forced to move because they could no longer afford 20 lito live ther. see you in a half hour, first, the "halftime report" continues. >>> announcer: "halftime report" with scott wapner is "the" place for market-moving interviews. >> you don't call a company a sewer because the company made a mistake. >> announcer: real money -- >> we are short both tesla and solar city. >> announcer: -- real debates. >> people think that globalization has hurt businesses. it's not. it is technology that's hurt businesses. >> competition is a good thing. i don't want to go back to a single marketplace. >> announcer: the most profitable hour of the trading day. >> i love this show! all i do is get to tweet about this show! i'm on the show. this is like the greatest moment of my life! >> announcer:

i'm melissa lee if nor scott wapner. dow and s&p near all-time highs and the russell 2 thoix s000 at 52-week high. in almost 20 years, is this the calm before the storm? one top strategist thinks and will be in a few. on the desk, we'll get you in a second. first, shares of tesla now are on the move. let's get straight to phil lebeau in chicago. stocks up 20% already. >> went up after elon musk tweeted a product announcement later this afternoon. the tweet from elon musk, came out within the last, oh, 45 minutes, and once he put out this tweet saying tesla product announcement at noon, california time today, then shares of tesla took off. pure conjecture what this product announcement has to deal with. talking something involving battery range? something involving autopilot? whether it's changing the name or tweaking the software as it continues to be under investigation with the national highway traffic safety administration. or is it something far bigger? historically, melissa, we should point out the big news, really

i'm melissa lee. mastering the art of market manipulation. shot one big money manager just took at janet yellen. also ahead what to expect from donald trump's surprise swing south of the border. and later a look at big money bets on the final frontier. buckle up, "power lunch" starts right now.

i'm melissa lee. three hours left in the trading

. >>> i'm melissa lee, american airlines reach an agreement with mechanics and ground workers over salariesnder the deal the workers see a double digit pay increase. tropical storm earl is dumping torrential rains on mexico's coast and expected to land in mexico later tonight. brazilian soccer great skips the opening ceremony due to illness. pele was expected to light the olympic caldron. >> i'm your busboy for the our -- >> oh, no. >> we have the block buster, jobs report. there you see it at 2181 and change, sending gold in the opposite directions, bonds as well in price selling off as yields rise. precious metals dropping more than 1% at this hourment let's get more on the market moving higher. bob? >> and, tyler, it's a broad rally. 3-1 advancing to declining stocks. most importantly, all the indexes near new highs. this is the market stapp shot. historic highs, s&p 5 he recollects and nasdaq, approaching highs, not quibbling in the mid cap or small cap, though not in the nasdaq 2,000, the other small cap. tech's been on fire in the last few weeks, not just today, but biotech doing well

live from the nasdaq overlooking new york city's time scare, i'm melissa lee, your trader rs -- tonightstashing the cash. corporate cash levels are hovering near a record, but which sectors are flush with the most cash to spend? we've got surprising answers, plus, a nearly $2 million bet that walmart's record run is only just the beginning. we'll take you bethind staggering trade and later, as tim cook celebrates five years in the apple suite, we'll hear from john sculley for his thoughts on cook's tenure and what he sees as the bigs challenges for apple. first, we start off with a story that moved

live from the nasdaq market sight overlooking times square, i'm melissa lee.on the desk are -- tonight on fast, it's been quiet out there, but one says brace yourself, a storm is coming. he'll tell us what has him so worried. plus, tesla shares are doing something they haven't since going forward and it could mark a milestone for the stock. we'll ek plain. and later, photos of what could be the new iphone has apple fans going wild. what it could mean for shares of the tech giant, but first, we start off with the best market.

i'm melissa lee. we have your traders on the desk.st, oil getting its worst day since august first. the perfect storm may be brewing. and plus a developing story we're following this it hour. senator chuck grassley on mylan epi pen cost increase sending that stock sliding. we're al over the or

. >>> live from the nasdaq overlooking new york city's times square, i'm melissa lee.s on the desk -- tonight on fast, worry about an august swoon? don't be. weave we've got the three stocks that tend to rally during summer. plus, the man who called the declining -- another group of storks will suffer a similar fate. later, while the s&p continues to make new highs, some unlikely countries are crushing the u.s. markets. but first, if you haven't noticed, i've been away from the show. >> worried sick. >> it's actually been two weeks.

i'm melissa lee. n the stock market today, let's get to bob pisani at the new york stock exchange. >> hello, melissa, choppy, indeterminate action. let me show you the s&p 500 today. we opened down 10 points, but within an hour we moved suddenly very quickly up 10 points. and an hour later we moved down 10 points. you see those arrows? if you're not sure what's going on here, that's called air pockets. what happens is you get very light volume and you get some modest buy or sell programs that go through the market and there's not enough on the other side, and, boom, you get an air pocket. the market drops or suddenly the market goes up. don't worry about it. focus on the fundamentals and the fundamentals are in oil, oil down several percentage points affecting some of the big names out there, drillers like transocean, service companies like halliburton, production companies like pioneer. and the big guys, but notice exxon one of the only big companies not to the downside, often happens that way. exxon

live from the nasdaq market site overlooking new york city's times square i'm melissa lee. are steve grasso, karen finerm finerman, david sieberg and brian kelly. tonight we're all over the story captivating the nation, and mylan firing back over its epi-pen price hike and a serious cause for the concern. the one chart that may be signaling the rally in stocks could soon be coming to a screeching halt. later, one firm is betting the house on a rally in netflix. we'll take you behind the call that says netflix is set to surge another 50% higher from here. first we start off with the fed chair janet yellen hours

live from the nasdaq overlooking new york city's times square, i'm melissa lee. tonight, something happened in the market a. plus, one of them for the market. we'll tell you why some major ceos are concerned and late e. can't buy them, beat them. facebook taking ape at smap chat, but is mark zuckerberg going down the wrong roa

. >>> and i'm melissa lee.headlines at this hour, most systems are back up and running after ground stops at miami international airport and other south florida airports. the faa says the issue was related to a power problem. folks wagon has reached a deal to compensate 650 auto dealers over the emissions scandal. according to the company's lawyer. a judge ordering settlement talks that could require buybacks of 85,000 vehicles. >>> aftershocks continuing to hit central italy as rescuers hope to find survivors. the latest reports say 250 people were killed, 365 injured in yesterday's earthquake. >>> the big story right now, is mylan firing back to the outrage over the epipen price hike? we sat down exclusively with heather bresch, and i began by asking her, why the life-saving drug cost more than $600 in some cases. here's what she told us. >> we showed that graphic. it's basically five people in between, the pharmacy benefit managers first, the retailers, the wholesalers, everybody's taking a big cut. if i'm h

live from times square, i'm melissa lee.onight on fast, stocks making new records, but if you missed the rally, we've got the one dow stock that can get you back in the game. plus, what do 3-d system, fit bit and square have in common? suddenly come back to life. dare to buy these stocks? and later, do you hear that fake olympic music? the real song and we've got four stocks to go for the gold. but first, we start off withhe

i'm melissa lee, here's what else is happening at this hour. $4 billion real estate deal to kick off the new week. mid america apartment communities buying post properties in a stock swap deal specializing apartments in sun belt states. weather conditions are improving slightly in coastal louisiana following days of deadly rains. we'll have the latest from the flood ravaged scene straight ahead. team usa continues to dominate at the rio games with 70 medals in total, 26 are gold, tyler. >> melissa, thank you. i'm tyler mathisen. welcome everybody. as brian mentioned, dow, nasdaq and s&p all at record highs even as $13.4 trillion worth of bonds globally now have negative yields. so what should you do with your money right now? let's bripg in pimco's global credit cio mark kiesel. good to have you with us. if so many bonds are in negative interest rate positions right now, that would suggest that u.s. bonds are fairly well positioned because they have positive interest rates. >> tyler, that's correct. i mean, our thesis is then don't buy assets which are being subsidized. what's amazin

. >>> welcome to today's power pitch, i'm melissa lee. you just saw the pitch.'s meet the panel. joining us is start-up advisor lish syrett, she has more than 40 companies in her personal portfolio and serves on the board of the new york angels. also with us nir liberboim, he focuses on early start-ups with several natural food investments in its portfolio. and joining us is chef huda winner of cutthroat chef competition. okay. so we heard what serafina's pitch was. alicia, first question to you. >> so i really love the delivery. and i thought it was really good you talked about competitive differentiation, team background and traction. i'll give you an a for the pitch. you mentioned you're in the frozen food aisle, and of course there's tons of products there. so what else are you doing to make customers aware of your offering? >> the most important thing that we can do is really do in-store promotions and demos. i think one of our key elements to our success is teaching new people to go into the freezer aisle. say taste our product, learn our story, know it's