the xetra dax is down 0.1% the cac c40 is up by 0.3% let's get to our guest, mike bell from jpmorgan do you think there's too much concern about some of the tightening by banks? >> i think there's been a bit not enough focus on the ecb statement and what mario draghi was saying i think they will taper. what he was emphasizing is two thin things firstly core inflation is not giving a proper read on what's happening to underlying inflationary pressures suggesting that actually inflationary pressures are higher than core inflation suggests also suggesting and trying to turn the market to look at a u6 equivalent measure of unemployment they point out that that's much higher than the headline unemployment level you would expect, 8%, but he also pointed out that during expansions you see that gap between u6 and headline unemployment, which is what's happening if you look back to the lowest point in 2007 and 2008, it was only at 15%. there's another 3% for ma that me measure to close before you have tapering if you saw a dramatic increase in yields that would be a problem. i think it will b

francine: let's get more now with mike bell. mike, is the difference between what he is saying, and what john janet yellen is saying? mike: i think janet yellen is right. both in the bank of england and in the fed, you see a divergence of views. he falls in the dovish camp. now that the labor market is tight, she is always been focused on the labor market, now that unemployment has fallen dramatically, now it is the low the fed's estimate, it suggests to her, and to us, that will lead over the next one or two years to an increased wage pressure, and therefore, they should be putting wages up. francine: we are looking improve financial conditions in the u.s. that is to be off sitting the reason inflation growth, which brings me to my bloomberg terminal. that is pushed further above neutral. how far can this chart go and therefore, the fed tightening bias? mike: i think we have shifted to a world now where given the unemployment rate has gone below the estimate for full employment, tha t the fed are biased towards tightening, as lo

do send in your questions to mike bell the e-mail is street signs europe@cnbc.com and tweet me at carolyn cnbc. we'll be back in 2. >>> hsbc has cut the burberry stock rating citing lack of top line visibility. it comes amid a challenging time looking for a fallen four year profit and is waiting for the revival. and the managing director of the international monetary fund says current organization is willing to go up to the next round of the bailout. she said the imf is prepared to give creditors more time to agree on debt relief measures. it will improve the payment of the bailout. the ecb's latest monetary policy decision due on thursday. the european central bank is expected to acknowledge the improving european growth outlook but it's not on interest rates. is this when it needs to be a little bit more hawkish? >> hawkish is maybe a little but much but i think less dovish. they remove their bias and balanced in the outlook and remove the language specifically. clearly survey data and pmi data and quite meaningly to the upside and not the down side but they'll be more balanced in the o

today a hispanic addssmments abl >>> mike schmidt made sme controversial comments today. sean bellhe's going to set him straight. his commentary in veep seconds. ♪ >>> my honest answer to that would be no. because of a couple of thing. first of all it's a language barrier. >> mike schmidt needs to get in touch with reality. okay. old ways of thinking in baseball has to go. schmidt basically said you can't build a team around a due bell because of language barrier. later he called her rah and apologized and tried to clarify the statements much listen i understand what schmidt was trying to say but he's dead wrong. okay. guys need to be able to communicate and talk baseball with the other players but just because you can't speak english as your first language doesn't mean that you can't do herrera may need a translator to talk to the bleed. he knows how to speak language. he knows how to yell at a player if he needs to also 27% of the players in the game or hispanic half of the great players on the phillies are spanish speaking. besides that are ton of the great places teams built ar

bell. >> coming up next in sport in a minute. a lot of controversy surrounding mikemidt and herrera. see how he responded to disparaging comment by schmidt. that's coming up next in sports. >> good morning, i'm sean bell. yesterday hall of famer mike ms. had some controversial statements about herrera. he has since apologized and clarified his statements. but listen to what he originally had to say about building a team around herrera. >> my honest answer to that would be no. because of a couple every things, first of all, it is a language barrier, and, you know, because of that, i think he can't be a guy that would, you know, sort every sit in a circle with four, five american players, and talk about the game. you know, or, try and learn about the game or discuss the inner workings of the game. >> the only way to change schmidt's minds is to ball out. herrera coming through in the clutch last night against the braves in the sixth. herrera with an rbi double. that was a go ahead run. the phils go onto win three to one, their fourth straight win. >> that's sports in a

mike: doing well. -nikki: good. -lemonis: so, i'm friends with this guy by the name of rob dyrdek. does that ring a bell to you? e: oh, yeah. [ chuckles ] lemonis: rob dyrdek is an entrepreneur who's also a professional skateboard rider. he's one of the best out there. man: all right, guys. welcome to the fantasy factory. -nikki: thank you. oh, cool. very cool. mike: holy [bleep] lemonis: i think rob's gonna shed a lot of light on what the right price points are in the marketplace. he knows the industry. i also think he's gonna give us great feedback on the demographic. mike: rob, mike maloney. nice to meet you. rob: good to meet you. rob dyrdek. -lemonis: what's happening, my man? rob: appreciate you, man. how you been, man? i would have never thought the day you show up at my office with a skateboard. i mean, i'm -- i'm just -- i'm so happy right now. lemonis: i'm carrying it. i'm not riding it. rob: okay. sit down. show me what you guys got going here. lemonis: well, rob, i'm gonna have them give you a little background on who kota is. -rob: sure. -mike: kota stands for "knights of the air," a moniker that wa

bell that means you're done. but a ten-word winning streak drops the mike. mogollon. correct. >> reporter: didn't even wait for the judges to confirm his confidence. he eventually got bounced. then the final two. 14 from oklahoma. his favorite book "charlotte's web." and from fresno, california. coincidentally, steph curry fan. >> that is correct. >> that is correct. >> that is correct. >> reporter: back and forth way past their bedtimes. >> that is correct. >> man, that was really impressive. >> reporter: and way more entertaining than game one of the nba finals. one espn host, tweeting. there are people actually at the nba finals watching the national spelling bee on their phones. for 20 rounds until m-a-r-a-m. the veteran, roan takes a seat. ananya the sixth grader has to spell one more work correctly. marocain. >> that is correct. >> congratulations. you are the champion. >> is she relieved, shocked, happy? no, the steely glare of the true competitor. two wins for w nation on the night, but only one featured an entertaining match up. >> moroccan. >> act like you h

i'm pleased to announce the next two witnesses, my good friend mike o'malley and chief bell who i've known from my days as prosecutor and thank you for traveling all the way from cleveland. november 2016 mike o'malley was elected prosecuting attorney of calhoun county, the largest office in the state of ohio. 144 that's. i've got to admit i know he knows it well having been achieved for many years running the program and made a lot of other prosecutors and elected officials look good while doing so so i'm glad to see you have the rains yourself. his office has nearly 12,000 defendants on charges as well as 7000 juvenile complaints annually. hired to taking office mister o'malley served his first assistant safety director for the cleveland city councilman. he began his career as the cleveland probation officer while attending law school at night. the bell is super site has been an assistant prosecutor for 27 years and is the special investigations division chief overseeing the following forces, cold case homicide, human trafficking, internet crimes against and sexual assault task force

. >> good morning, i'm sean bell, yesterday hall every famer mike schmidt had some controversial statementsbout her err a had a he has since apologized and clarified his statement, but listen to what he had originally had to say about building a team around herrera. >> my honest answer to that would be no because of couple of things, first of all, it is a language barrier. because of that i think he can't and guy who can sit if a circle with four, five american players and talk about the game, or try and learn about the game, or, you know, discuss the inner workings of the game. >> the only way to change schmidt's minds is to ball out. enter herrera, coming through in the clutch last night. against the braves herrera with rbi double, go on run, the phils go onto win their fourth straight win. >> that's sports in a minute, i'm sean bell. >> here, 5:46, this wednesday, beautiful look at ocean city new jersey. i have a feeling this weaken, that scene will look very different. >> oh, it will be packed on the board walk absolutely. >> the weather will be beautiful by the way. sue will have up a

>> well, i love that article in the journal, mike, and, obviously, closing bell, the discussions you,and kelly, and bill had, we could have wrote that article years ago because that's the dynamic right now, is the central bank trying to do the right thing trying to normalize rates, talking about reducing the balance sheet, but there's still a tsunami of liquidity coming from the bank of japan, the ecb, the bank of england, and so what the u.s. central bank is doing is getting lost in the policy objectives of northermalization not occur. relative value trade hot as ever as european rates continuing to a weight on u.s. weights for arbitrage reasons. we see foreign exchange, maybe getting more volatile, and, of course, some of the big moves are not productive, especially as a multinational trying to create a strategic plan over several years, which is really, in my opinion, a huge component that's been missing with these policies it's very hard to get a gps and try to plan and capital invest over the long term, but, ultimately, i don't know what our central bank can do. they could do all

bell. that means you're done but shourav drops the mike. >> m-o-g-o-l-l-on. favorite book "charlotte's web" and ananya from fresno, california, coincidentally a steph curry fan. >> gargouillade. >> siddur. >> reporter: back and forth way past their bedtimes. >> duthere are people at the nb finals who are watching the national spelling bee on their phones. for 20 rounds until -- >> m-a-r-e-m. [ bell dings ] >> reporter: the veteran, rohan takes the seat, ananya has to spell wound more word correctly. >> a-i-n, marocain. >> that's correct. >> reporter: is she relieved, shocked, happy? nope, the steely glare of a true k3e9 tore. two wins for dub nation but only one featured and entertaining >>> good morning it is 4:30 a.m., friday, june 2 here's what we're following for you. >> a city councilman details the encounter that landed him in the hospital. >>> the latest on president donald trump's controversial decision to pull out of the climate accord. >>> he thought it was his dog, hear a man's reaction when he opened the door for a bear. >> i imagine he quickly cl

. >>> phillies great mike schmidt is apologizing for comments he made about odubel herrera on the radio yesterday >> here's don bell with schmidt's statement. >> this is what pr nightmares look like in 2017, someone makes a genuine but tone deaf comment, public has an angry reaction and then that person apologizes while saying, their comments were miss understood. what a day for former philly mike schmidt while appearing on wip radio he said phillies outfielder odubel herrera is not the type of player you can build around not because of his skills but because venezuela native first language is spanish, first here's schmidt, and then odubel, through his translator >> my honest answer to that would be no, because of a couple of things. first of all there is a language barrier, you know, because of that i think he can't be a guy that would, you know, sort of sit in the circle with, you know, four or five american players and talk about the game, or try to learn about the game or discuss inner workings of the game. >> it is disappointing because you never want to hear schmidt ease comments but he told me he apologized

mike. >> i can't read me it bell a bet is shorter,. >> i love it. >> you told us were college.have time to make singing, daeally stressful i will in the lie. it ace lieutenant on my plate being a teenager. we have so much other stuff to deal with at this age but just aside time and having a schedule and really wanting it i am valuing education itself because it pace or the my life and i had moments where i will drop out of school because ago ing thing is working out, go to college, find career and i almost found mine but you have to just stay on it i think. that is the key, the american dream is to be super smart and keep progressing. >> why are you looking. >> i was thinking what i was doing at 15. >> it wasn't making big movies >> i was alone in my basement crying. >> yes. >> oh, no were you in punk rock band or more like 90's. >> ninety's so far ago. >> i'm closer to the age of 90 then the 90's, for the love of god. >> talk about the transformer, in her talking points, it as in transformers, the last night night, hunted will be heroes, hero will be villain, one world will su

if you are the things mike lee and rand paul are saying, doesn't sound like a bell get ts either. that's three senators right there. i'm losing hope and optimism every day that this thing will get through. lindsey graham warned colleagues, he said just because we made a promise doesn't mean we have to pass a bad product. i think that sums it up. we don't have to pass a bad product. i've never understood the arbitrary timeline. they said monday there's no chance that we would pass before the fourth of july weekend. i think we're making a mockery of this entire thing and those of us who advocated for president trump to cross the country on the premise of repeal and replace, this is embarrassing. i think were going to blow this. >> abby: it they senate they have the power they would repealing a place obamacare. there's no wiggle room. you either need to get those votes from moderate republicans or the more conservative ones, but i don't know if you get everyone on either side. it's a really tricky situation. i don't have a lot of hope that it will get done. at least anytime soon. i a

bell. >>> here's jenny talking about teachers and contracts. >>> good morning, mike.ladelphia teachers union voted yes to approve a contract deal first one they have seen in nearly five years what does this mean? we will break it down next. >>joe: hi.this is pennsylvania state treasurer joe torsella. our state treasury is proud to launch the pa able program, a savings plan for people with disabilities, including erin. open a pa able account today by visiting our website at paable.gov. >>> philadelphia d.a. on trial is what expect during opening statements later this morning. >>> another hearing related to the bill cosby trial today what the judge will be deciding, this morning about the jurors in the case. >>> he was cornered punched by a group of kid but he is not letting that slow him down, his message to those who reached out since this horrible attack. >>> good day it is tuesday june 2017. >> there is a reason to celebrate for kid out there. >> ♪ schools out for summer. >>> that is right, school is last day of kid for the philadelphia school district. we want to s

>>> don bell getting started with word from a former philly making round. >> this is a store if you are mikehmidt you wish it did not happeny understand. >> but it did. new we have to talk bit. open mouth insert cleats former philly mike schmidt is making news today. so far editor at sports illustrated called his thoughts casually racist, while other national baseball writers are hammering the hall of fame eras well. story involved phillies outfielder odubel herrera. schmidt was on wip this morning. he said odubel isn't type of player you build around. okay, fair enough if you want to talk about his talent but schmidt says venezuela native isn't a corner stone player or worthy because he speaks spanish. >> my honest answer to that would be no, because of a couple of things. first of all, there is a lanning wang barrier and because of that, i don't think he can be a guy that would sort of sit in a circle, with, you know, four or five american players and talk about the game or try to learn about the game or discuss inner workings of the game. >> okay. i guess mike schmidt hasn't heard of albe

mike valero, w usa9. >>> back in orlando, the city came together for a ceremony in honor of all of those lives that were lost. at noon, church bells throughout the city rang out 49 times. even on the anniversary of this dark day, many in orlando are choosing to celebrate life. >> we're going to come together, and celebrate lives. a community that's going to shout out to everybody around us, that we need to love, love, love. >> i think that's the most emotional part. the fact that you can lend a helping hand. and you don't even know the person next to you. >> a study crowd as gathered a long. orlando has turned the site into a place of love, and the city plans to turn it into a permanent museum. >>> jeff sessions will appear in an open hearing of the senate intelligence committee at his own request. the very same committee fired james comey testified last week. comey raised questions about sessions' contacts with the russians and his involvement in comey's firing. >> the question i'm interested in is what role did he play, if any, again, in the comey firing. because at that point, he was supposed to be recused from this investigati

bell jens committee today. also the head of national security agency mike rogers.nt trump's personal lawyer is responding to all the reports yesterday "the fbi leak of information regarding the president is outrageous, inexcusable and illegal." joining us former federal prosecutor and professor at george town university law center paul butler, also my panelists on set, betty woodruff from the daily business, vivian salama from the associated press. thank you for being with us. paul, i'll start with you. the "wall street journal" is reporting on this memo apparently written by the former deputy nsa director about a call between the president and mike rogers, the guy who leads the nsa. "during the call the president questioned the veracity of the intel community's judgment that russia had interfered with the election and also tried to persuade rogers to say there was no evidence of collusion between his campaign and russia" they said. i got to get your reaction to these reports coming out today. >> this is a major escalation of the investigation. there is a pattern o

. >> let's stick with retail after the bell the market is implying for the retail giant they break down all the action hey, mikeike is the name that moves about 4.8% on earnings actually implying a move of 5.2% given the $90 billion market cap that, is a swinging value of $4.5 billion that puts out the number and calls about 3-1. they report after the close tomorrow >> thanks for that for more "options action," check out the full show. coming up, final trades. hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade we created the ripple: the doughnut in a doughnut in a doughnut. right away, it was a success. i mean, it really took off. what people don't know is that it all started with points from my chase ink card. i bought the ingredients, utensils, even custom donut cutters. wow! all with 80,000 points. what will

. >>> hi, everybody, welcome to the closing bell on this crazy friday i'm kelly evans. >> i'm mike santolli who is sorry to miss today. amazon, of course, shaking up the grocery space with a purchase of whole foods, look at implications of the deal, what it means for investors and customers. >> note never been longer this morning. >> so many angles. >> back to what they were saying, never has a deal lik

. >>> and sean bell here now way preview of what's coming up in sports. sean? >> guys as you heard earlier mikeome controversy around the phillies odubel herrera speaks on what schmidt had to say, and he went out and proved he was dead wro wrong. seaway did against the braves to show he's a player to build around much that's coming up next in sports. ♪ goldman sachs was one of those companies whose illegal activity helped destroy our economy... vo: as a goldman sachs president, phil murphy made his fortune in a rigged system. now the jersey machine has lined up with murphy and his millions. leaders should stand for the people, not the political machine. as a prosecutor, at treasury, and as head of the brennan center, i've taken on the powerful - from the mafia, to the nra, to the dark money that poisons our politics. i'll be nobody's governor but yours. ♪ >>> my honest answer to that would be, no, because of a couple of things. first of all it's language barrier. >> as you heard earlier that was mike schmidt talking about odubel herrera this morning on wip. that's a problem. 27% of players in t

during an interview wip sports radio mike schmidt made a controversial comment about phillies outfielder odubel herrera. >> this one has a lot of people talking. sean belloins us now in studio to explain. >> sean. >> guys the phils are the worst team in baseball the last thing they need right now a controversial statement from all of famer especially one synonomous with the phillies brand. mike schmidt had questionable statements when talking about the phillies current third baseman today schmidt was on wip and spoke about the future of the team. and was asked if the phillies could build around odubel herrera. he's a spanish speaking player from venezuela. think in mind schmidt said this. >> my honest answer to that would be no, because of a couple of things. first of all it's language barrier. and, you know, because of that, i think he can't be a guy that would, um, you know, sort of sit in a circle with four or five american players and talk about the game, you know, or, you know, try and learn about the game or discuss the inner workings. game. >> yeah. there's a lot of spanish speaking players in that locker room and a lot of hispanic stars in the m

bell and regular session trading on the following friday back over to you folks. >> thank you, have a good weekend. if you're worried nike could run into hurdles, don't. mike a way to play the stock. >> we'll look at selling and call spread. you're going to get some sense of the sentiment i have on this, you sell call spreads generally speaking when you're neutral to bearish. one nice thing about calling call spread like options in general, you're raidsing the probability of profit of your trade. unlike selling calls naked which is something we don't necessarily advocate for people, when you sell a call spread you can do this whether or not you happen to own the stock. so, specifically the trade i'm looking at is i'm looking out to july, i wanted to basically target this level where it had fallen out of bed basically. you can sell the 53.5, 54.5 put spread and collect 35 cents for that we want to look what carter has to say about it technically but you're basically collecting 35% of the total maximum value dom just said the options market is implying a larger than average move but lately hasn't been moving that much and that's one of the reasons a short pr

. >>> hi, everybody, welcome to the closing bell on this crazy friday i'm kelly evans. >> i'm mike santolli in for bill griffeth, who is sorry to miss today. amazon, of course, shaking up the grocery space with a purchase of whole foods, look at implications of the deal, what it means for investors and customers. >> note never been longer this morning. >> so many angles. >> back to what they were saying, never has a deal like this had so many ramifications getting through as many as we can. it's a jam-packed two hours. why niles shorts amazon on the back of the deal, and former walmart ceo, bill simon, why walmart has more to worry about other than amazon. bill miller, a bull on the stock, and talking to him about valeant, and alexander accosta reacting to president trump's comments on cuban policy >> let's get to it we have details of the amazon's deal to buy whole foods and what it means for rivals. >> mike, this is a little bit of what it means because ramifications have many, many ripple effects, but the deal to buy whole foods makes it amazon's biggest acquisition to date, and one that

bell. that is what is happening. >> for more, joining us now, former dnc press secretary and good morning to boyd matheson, senator for mikee begin with you. this is highly anticipated, the serbian expensive race. how important is this? >> this is going to be a very close race. this is a district that has been won by republicans for the last 37 years. win or lose tomorrow, this says a lot about spring voters across the country and this is a referendum on the president. if we win tomorrow, bad news for republicans and 28 team. >> will see how this shakes out. candidates and outside groups ve pred 60 milon into the districts. the money is going to candidates in the right way. >> you now, i don't know. it'll come down tomorrow to two things. to the young voter show up for the democrats and do be older voters show up for a republican? on a summer day in june, i would take the republicans lately on that. the young voters always failed to show an election site this, especially in the middle of the summer. the interesting thing will be the results. josÉ is right it is high-stakes although special elections where we end up having

bell ringing in about five 1/2 minutes. with tech stocks rebooting. could it be time to reprogram your portfolio? mikeps that you should be eyeing right now. forget the fancy momentum names. he will name them. "countdown" live live from are rin hills, wisconsin. if we close here it's a record. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. hey, i'm the internet! ♪ i know a bunch of people who would love that. the internet loves what you're doing... ...so build a better website in under an hour with... ...gocentral from godaddy. the internet is waiting. start for free today at godaddy. ♪ liz: two minutes to go with trades for the entire week. the dow, this will be a whisker, right? it will be a squeaker. the dow is at a record high right now. will we clos

bell bottom pants. >> those are the kind of things you keep, mike. >> i know, i can't finds them, bob. >> i hate whenll have yours? >> i still have my pant. >> well, you should have done this bit yesterday. >> you don't know where your pants are? >> anyway, bob, we've recreated the open, we'll air tomorrow. it is the 40th anniversary every saturday night fever. >> i've seen it. >> snuff. >> we've done a lot of music videos in our time. make sure you watch it tomorrow. >> get ready. if you find a pair of pant, drop them off here at fourth and market. left over delays, from last night's storms, septa running with big delays on number of its regional rail lines here, whole list of excuses bottom line be ready for delays and crowded trains, white marc whit, joshua from downed tree, again, stenton avenue probably be your best bet. in bordentown, route 130, downs mill road, downed wires, solly, inner drive block as you head southbound, here is a live look, the boulevard right near fox street, some sun glare out there this morning, and the vine street expressway bumper to bumper from ends to end here in dow

mike: oh, my gosh. and welcome to farrell's ice cream parlour. are you celebrating anything today? lemonis: i'm celebrating life. [ siren wails, bellorns honking ] woman: whoo! together: it goes 1, 2, a 1, 2, 3. happy birthday! -woman: happy birthday. -lemonis: wow. out of nowhere, this big drum comes, and people are screaming, "happy birthday!" -i mean, it was crazy. -woman: happy birthday! lemonis: how does everybody feel about the awesome birthday songs? woman: it was just too loud. we couldn't have a conversation. -lemonis: too much? -woman: yeah. lemonis: i'm all for having fun and singing happy birthday and celebrating things, but there's a point where it's not an enjoyable dining experience anymore. man: well, this would be our menu. lemonis: okay. mike: the theme is a turn-of-the-century theme. lemonis: how many different items are on this menu? -mike: there's over 100. -lemonis: there's a lot on here. so, you've had a ton of restaurant experience? mike: i had very little restaurant experience. lemonis: why did you start this business? mike: it's hard to describe. farrell's is a place where lifetime memories are made. lifet

bell. the economic development we don't know really leads to a board this quarter we've heard one hundred six points. but what do we know. when i think about the fact that our c. mike you made over twenty million dollars last year more than one thousand times the average wal-mart a says. with all due respect i have to say i don't think that's right. just tell a free market works. people went from pretty simple financial lives pre nine hundred eighty to the point now where people are the just totally submerged in their financial accounts and they're all in debt and what exactly devalued society from the part of the government tried to do that nicely. it might be making things worse. by saying this is not work this is our capitalism goes hopelessly disastrously wrong. our own so to. the. poor and the people. you are living your your display good book. italian banks and that's where you put european stock straight up on monday for nato banca and bank. are now rescued by the italian government the european central bank deemed the banks failing or about to fail sending them into insolvency procedures and this comes with a possible price tag for italian taxpayers of nine

mike: i usually am. great to be back in my thank you for having me. >> sandra: the senate g.o.p. working out their differences. mitch mcconnell is hoping to send a revised version of the bell to the congressional budget office by tomorrow. whether there should be fewer restrictions on plans and can be offered. pat toomey helped write the original bill and well everyone in his caucus may not agree on everything, he thinks they can reach an agreement. the speak on the think about it is we've got a few people who are not comfortable with the various provisions and we are trying to tweak it so we can hold on to some of our more moderate colleagues and more conservative colleagues. and it's easy, it would have already been done, but it is possible we get that agreement. >> sandra: president trump romance optimistic that his fellow republicans will get the job done. >> health care working along very well. we could have a big surprise with great health care packages. >> sandra: first of all, let's get to that big surprise. >> mike: the big surprise as if they did it before the fourth of july break. i think they've imposed upon themselves an artificial deadline but doesn't mean an

bell. let's talk about this market today. on panel senior markets commentator as always mike santolli and jason ware, chief investment officersa, asset manager at permanent portfolio funds. overall indexes were modestly lower. i mentioned a few standouts to the downside bob said retail, transports, energy stocks. >> energy. >> also got hit hard and the russell 2000 index of small caps. >> energy, and consumer in general. this mark qualifiesed a a good little pullback even though it's not dramatic in percentage terms in the broader market. 80% of the volume here at the new york stock exchange was to the downside and we gave back a little more than half of yesterday's gains. the average stock, the equal weight version of the index down today .8%, so essentially it's a little bit of a giveback and even on a day like this you have -- you have some offsets, right? it's never all down. you have two sectors up. just like yesterday. you had a couple sectors down on a big up day i would also say yesterday we were kind of quibbling it was very light volume. today similarly light vinyl so it seems to be consolidation after new highs, at

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mike: i usually am. great to be back in my thank you for having me. >> sandra: the senate g.o.p. working out their differences. mitch mcconnell is hoping to send a revised version of the bell congressional budget office by tomorrow. whether there should be fewer restrictions on plans and can be offered. pat toomey helped write the original bill and well everyone in his caucus may not agree on everything, he thinks they can reach an agreement. the speak on the think about it is we've got a few people who are not comfortable with the various provisions and we are trying to tweak it so we can hold on to some of ou

bell." let's talk about the markets for the week we've got cnbc commentator as always and chairman and founder of navaleer and associates. mikerotation so many times it was oil back on top, energy on bottom. what else stood out? >> i think with bio tech, it shows the habit of this market and the current environment to look for the laggard groups and lift them up it hasn't really helped, but for this -- we closed today at 24.38. but you observe the oil crash and the week or seasonal >> by the way, we talk about how smooth this rebalancing is, i lmgs got run-over by three traders. we have a lot going on here. we have a news alert on wal-mart right now. curtany reagan stepping in with details. >> routers citing a source that wal-mart is not considering a rival bid for whole foods. again, this is reuters citing a source wal-mart is not considering a rival bid for whole foods. wal-mart told us last week their customers are looking for a experience with physical and digital they said, we quote, with feel great with our position and fast growing ecommerce and grocery business so that's what wal-mart said last week. and now we have t

mike santolli at post nine stocks looking to recover some of yesterday's spill as we watch fall out from the senate health care vote delay. results after the bell tonight euro dips on headlines the ecb saw the market as misinterrupting draghi's speech on tuesday goldman turning bearish on health care were calling chances for a broad reform unlikely. >> plus the dow and s&p were set to rebound from what was the worst session since mid may. >> despite an improving ipo pipeline blue apron ahead of the nysc debut tomorrow. >> senate republicans hoping to get a vote on the health care bill after the july 4th recess that fols the decision to postpone a vote amid gop senators passage of a trump care bill seems unlikely due to political obstacles. goldman says quote estimates of the potential increase in the uninsured population seem unlikely to improve even after revisions to the bill. public support is weak and divisions appear to pose too many obstacles people trying to make arguments what could bridge some of these divides. more help for opioid addiction but others argue it's just too wide. >> they're pushing back on it, anything comprehensive that

mike santolli at post nine stocks looking to recover some of yesterday's spill as we watch fall out from the senate health care vote delay. results after the bellthe ecb saw the market as misinterrupting draghi's speech on tuesday goldman turning bearish on health care were cal