we'll bring in the senior portfolio manager over at wells fargo asset management joining us onset, mike santoliot a busy day on ipos as the bloom energy comes to market ex-boeing, we are not far from unchanged. >> we are doing pretty well. there are early trends starting to emerge in earnings. number one, obviously some are getting caught in the cross hairs of tariffs we saw that with gm and are hearing it with whirlpool, kimberly clark, higher costs, higher dollar is generally an issue. number two, some have pricing power and some don't if you don't have pricing power, you're going to have lower margins. your stock will get hit. gm is the issue there. others like avery and dennison, they had highest costs but are able to pass them on pricing power really matters that's number two about boeing not all guidance is created equal. we have had companies raise guidance northrop raised it, they're not. at&t, generally not. and boeing, generally not. the problem here is guidance has to be a little better than the street's expects overall if it's not, off little problem. full-year guidance for boeing r

the young ones most of all they always get so excited when they see everything is very magical mike santoli darn it represents childhood love a family basically a carefree place where you can forget your problems. so it's not it's a real change you get to see disney films in real life very pretty. when the sun goes down the show begins with the spectacular fireworks does need is so famous for cinderella's castle turns into a gigantic backdrop for the characters from the lion king. i love to say the famous looney tunes line here that's all folks but that was a one about as production. either way we have come as of the end of the show is said to remember to get your final fight is in if you want to be entered into our prize draw this week you can win yourself a wrist watch we're looking for photos of you at your favorite amusement park so keep them coming face the deadlines foster approaching i don't forward saying though i'm on it for to saying you will again tomorrow a bike now run. along the next edition if you remember. being sued kings of musical creatures in the mediterranean sea all th

i'm melissa lee with mike santoli and joe kernen becky and andrew are off this morning. u.s. equities, we're feeling some pressure. threat of tariffs on $200 billion worth of goods on china. the s&p and dow looking to snap a winning streak the dow is down 206 points the nasdaq looking to be lower by about 70 points overnight in asia, we did have a selloff initially. down as much as 2% on shanghai as well as the nikkei. the nikkei closing down 1.2% shanghai down 1 3/4% the yuan testing at a low there. over in europe trade concerns lower there. the dax is down by 1.3% and the cac is down by 1.2%. taking a look at treasury yields, we saw overnight a bid for safety the ten-year note is at 2.83%. the two-year note at 2.557 >> we have some breaking deal news in -- you saw this playing out yesterday. the word was that fox was going to raise its bid and it happened 21st century fox upping its bid for sky, the british broadcaster. 18.60 and that tops comcasts offer. it secured the backing of the independent committee of sky for that deal. comcast, a parent of cnbc and nbc. this is a p

we're live at the nasdaq market site in times square i'm melissa leah long with joe kernen and mike santoli. guest is carrie firestone. let's see how we're setting up in the futures this morning at this hour. we did see the dow and s&p see the biggest gains in more than a month yesterday. we're looking to build on the gains. the s&p looking to open higher dow opening 60 points overnight in asia, we had early gains and then they reversed we got ppi data out of china, six-month high there pressured by commodity prices. we do see the shanghai could he mod at this close higher the nikkei was up by .7 of a percent. what is going on in the europe government sand. we are seeing the ftse up by .2 of a percent taking a check on treasury yields $69 billion in supply hitting the market the ten year note at 2.869%. the ten-year note at 2.869 note. the wo-year note at 2.569%. >>> president trump making his much-awaited announcement to replace justice anthony kennedy. >> tonight it is my honor and privilege to announce that i will nominate judge brett kavanaugh to the united states supreme court. >> kava

i'm michelle caruso-cabrera along with andrew ross sorkin and mike santoli u.s. equity futures a flat open. the s&p would open up by 2 the dow jones flat, and nasdaq up by 4. overnight in asia, big news out of the bank of japan policymakers kept their rates unchanged but signaled they would allow more flexibility when it comes to a key interest rate it would go to 0.2 rather than 0.1? >> bank of japan micromanaging >> that's the world we live in >>> japan's knnikkei closed flat shanghai composite was slightly higher last week there was all this speculation that pushed the ten-year u.s. yield higher as a result european equities at this hour ahead of the open are also flat across the board >> you said the u.s. open -- my brain was in another mode. >> i thought you were talking about golf >> that's the other one. >> that's over >> let's show you what's going on with treasury yields. ten-year yield at 2.947. yesterday got up to 2.97 moments it touched 3%. >>> apologize for my humor at this hour. here's what's on deck. the federal reserve kicking off a two-day policy

we're live at the nasdaq market site in times square i'm melissa leah long with joe kernen and mike santoli let's see how we're setting up in the futures this morning at this hour. we did see the dow and s&p see the biggest gains in more than a month yesterday. we're looking to build on the gains. the s&p looking to open higher dow opening 60 points overnight in asia, we had early gains and then they reversed we got ppi data out of china, six-month high there pressured by commodity prices. we do see the shanghai could h

. >> very good mike santoli, mike pasola, i'll let you get back to the wild new york stock exchange. can the market go back to ignoring trade troubles and will earnings be enough to push the market back up higher? we'll bring in cnbc contributor ron asana and jack abbott from wealth advisers. as i sit here with you, i think of three cnbc services. >> how does this feel? >> i feel young. >> jack, you have been with us almost as long you get honorary engagement in this party, okay you are part of the team as well so let me begin with my friend ron. >> yes, sir. >> how worrisome does the trade squabble seem to you and do you see a way out >> well, listen, if somebody came to the table and ek no lon wanted to buy u.s. bonds, scuttling the negotiations between the united states and north korea, they have tools at their disposal to create problems down the run. i see the experience as the trade front, the geopolitical front, the political front around the world is a slow-moving train wreck. i don't think the markets will discount it in a way that in other situations would be more obvious.

i'm becky quick along with joe kernen and mike santoli. we have that special interview joe did yesterday with the president. very quickly look at the u.s. equity futures at this hour. you will see things are relatively flat. markets were down yesterday. dow was down by a half percentage point this morning the dow looks down, only by 2.5 points s&p is down fractionally and the nasdaq is indicated up by 30 points look at treasury yields. we've been watching that and the ten oversitting at ten-year sitting at 2.85%. rates came up in your interview yesterday, joe >> yes >> and those who control the rates. >> i remember -- there are certain things that are -- i don't know if they're predictable, but he's a real estate guy so -- and i remember prior to him taking office he talked about the bubble it's a big bubble. rates are too low. >> and told us he didn't like higher rates >> he did. but you knew it would switch from it's a bubble and it's because of the fed to it deserves to be here because we have a great economy, then we'll switch -- as a

i'm becky quick along with joe kernen andrew is out today mike santoli is with us.ve been watching the u.s. equity futures which have been in the green all morning right now the dow indicated up 124 points the s&p by 12 and the nasdaq by 34 let's call it >>> here's what's making headlines at this hour twitter suspending more than a million accounts a day in may and june according to "the washington post. the newspaper says that the suspensions were part of an effort to try and reduce the flow of misinformation on the twitter platform and adds that the pace of suspensions has continued this month as well. >>> starbucks has announced plans to eliminate plastic straws from its stores by 2020 it will make alternative straws available. it will also develop strawless lids for cold drinks >>> and nissan is admitting it altered tests in japan it had allowed unqualified inspectors to conduct post-production tests at its plants the erroneous testing did not affect cars that were exported to other countries >>> an update this morning for you. that mission to save a group of bo

i'm melissa lee with mike santoli and joe kernen becky and andrew are off this morning. u.s. some pressure. threat of tariffs on $200 billion worth of goods on china. the s&p and dow looking to snap a winning streak the dow is down 206 points the nasdaq looking to be lower by about 7

joining us, our own bob pisani and mike santoli trade worries, fears seemed like last week.re up about 259 points on the dow, s & p chart looks similar, up two-thirds of a percent. >> you can see what happens when you have a weekend devoid of headlines about trade wars escalating nothing happened this weekend essentially. we saw a rally we saw a rally in china which has been dramatically oversold where we are now i think we have a great jobs report, we have modest wage inflation, good job growth the fed in a dovish box that's positive for the markets trade war remains the marginal sentiment mover that we've had see, no talk, market lifts and beat up sectors, industrials, materials, semi conductors on trade wars start to lift. the issue is what will happen for earnings season. i think the bar is lower this time last quarter, everyone anticipating we raise estimates for second and third and fourth quarter and they did this time from what i hear, people will be happy if they affirm guidance. >> if people are primed for the second hand softening in earnings segments, i wouldn't

i'm becky quick along with andrew ross sorkin and mike santoli.st host this hour is ed lee of the "new york times." he's here because we have a lot to talk about in technology. yesterday we set things up at the end of the session for an incredibly strong day. we are looking at the nasdaq setting a new high the s&p closed at its highest level since january and the dow closing at the highest level since february, then we heard from facebook. facebook shares getting slammed and the rest of the f.a.n.g. stocks following that's why the nasdaq is down by 108 points you can see the dow was up by 64

published a new note today on amazon with bullish commentary, joins us with senior markets commentator mike santolioking at staples and concentration of power and few big names, does that take anything away from overall performance of the year? >> i think amazon stands on its own as one of the best performers even with the internet and digital media group which is what we cover, they continue to outperform and impress interestingly, this morning as you pointed out, we had a couple of notes, one on ebay and one on amazon, talking about the new supreme court decision will have drastic impact on e-commerce or commerce online. amazon happens to fall on the positive side on it, meaning they're likely to benefit at the expense of other e-commerce platforms like ebay. yes, we think amazon continues to return positive, have positive returns this year, continues to do well. >> mike, if these few stocks took the market up, could they take the market down just as easily >> sure, they could take the market down because of their heft i don't think these stocks account for the relatively small amount of net up s

i'm michelle caruso-cabrera along with andrew ross sorkin and mike santoli u.s. open. the s&p would open up by 2 the dow jones flat, and nasdaq up by 4. overnight in asia, big news out of the bank of japan policymakers kept their rates unchanged but signaled they would allow more flexibility when it comes to a key interest rate it would go to 0.2 rather than 0.1? >>

. >> mike, thank for your thoughts mike, santoli. >>> comcast, cnbc's parent company upping the bid aftert century fox increased its offer for the company. we're joined by julia from sun valley idaho the week's best live shot, i have to say. julia? >> morgan, it is beautiful in sun valley just today, british regulators gave fox the long awaited expected regulatory approval of its sky offer. this opens the door for fox in concert with disney to make a countser offer to comcast now winning a bid of $34 billion which it made last night up from the roughly $30 billion offer comcast made back in february now, all the players are here in sun valley with disney's kevin mayor, heading into the conference this morning. ceo bob iger is here, but he's managed to avoid the cameras so far. rupert and lock lan murdock are here the next shoe to drop may be out of the uk when the british takeover board announces the price it takes for the -- should the deal for fox go through. this is due toy a british rule it ties the value of sky to the investor of fox. i caught up with barry diller. he's the chairman

i'm becky quick along with joe kernen and mike santoli.terday with the president. very quickly look at the u.s. equity futures at this hour. you will see things are relatively flat. markets were down yesterday. dow was down by a half percentage point this morning the dow looks down, only by 2.5 points s&p is down fractionally and the nasdaq is indicated up by 30 points look at treasury yields. we've been watching that and the ten oversitting at ten-year sitting at 2.85%. rates came up in your interview yesterday, joe >> yes >> and those who control the rates. >> i remember -- there are certain things that are -- i don't know if they're

steve, thank you for that the other big story is the equity market reaction to powell's testimony mike santoli is here at post nine along with morgan brennan and jon fortt. we did see some improvement in stocks as he spoke >> i think powell utilized the advantage he has, which is a very strong economy. he said we will probably raise rates gradually from here for the best of reasons. to steve's point about the yield curve answer, i found that interesting. that was the one bit of suspense the market had is he going to say if we possibly would get it fully flat or inverted, that would be some kind of trigger for a recession or economic weakness o he didn't want go there. he also didn't want to cast magical forecasting powers he said the ten-year yield gives you a forecast, so if you go above it, maybe you're tighter than you expect it to be that doesn't help you in terms of the next two moves. >> he was not expansive on the curve. >> not at all. part of the idea is we don't want to make this a subject of outside focus. >> i thought it was interesting, senator joe donnelly of indiana wants to get

live at the nasdaq market site in times square i'm andrew ross sorkin along with melissa lee and mike santolike a look at equity futures on this morning the dow would open 21 points off. nasdaq up about 2.5 points and the s&p off marginally >>> breaking news this morning former fiat chrysler ceo sergio marchionne has died. phil lebeau joins us with where fiat chrysler will be with his legacy >> this is a sad day not only for fiat chrysler but the entire auto industry. sergio marchionne, he was a giant and he was beloved within his company and within the auto industry in fact, you rarely heard people refer to him as mr. marchionne it was simply sergio as in what does sergio think let's go talk to sergio. he will be missed. john elken announced the passing of marchionne. saying unfortunately what we feared has come to pass. sergio marchionne, man and fr friend, is gone. i believe the best way to honor his legacy is to build on the legacy he left us and continues to develop the human values and responsibility and openness of which he has most ardent champion second from how much he will be misse

mike santoli, broadcom down. >> that shows you the other stocks are bouncing in the sector as you hadap in general hitting a new high today, semi caps have been in a -- if you look at the big etf that tracks american software, it's been up about 28% and now about 25%. and broadcom within that has been a very weak performer i think a lot of people asking questions, if semi sun renders lerenders -- surrenders it's -- broadcom buying a no growth firm yesterday. it's by no means broadcom saying software's doing great, let's go buy ca, perhaps because they can't get approval to go out and buy other chip companies >> they mentioned by name intel and ati, texas instruments. >> escalating trade protectionism. >> in a weird way i think people would take comfort if it was about trade and not necessarily a cyclical trade story that is a market that's going to become pretty dependent on chips. >>> we'll talk to former cea chairman on why the economy's actually doing better than we think. we're back in a moment are you ready to take your wifi to the next level? then you need xfinity xfi. a more po

published a new note today on amazon with bullish commentary, joins us with senior markets commentator mike santoli staples and concentration of power and few bi

. >> i'll see you next hour, that papa johns stock keeps going up on his resignation >>> mike santoli today looking at bank stocks moving lower on earnings >> jim was just talking about how much he loves the etfs and how the tail wags the dog with the bank stocks. it's one of those areas that -- here's a chart showing different segments of the financial segment in terms of market cap and type of institute and how they are performed differently over the course of this year that green line is basically the financial sector of the small cap 600. so domestic, small has worked its financials as well kre is the regional banks dominated by some of the larger regional banks, but that has held up reasonably well. kbw banks has moved up on the whole. naturally those smaller tap financials still seem to work and by the way, david likes when i point out that the xlf, which is the financial sector etf that everyone uses as a shorthand for the banks, it's berkshire hathaway >> that's great info >> it's about the same as jpmorgan's weighting in the xlf. >> what's the purest plan for the banks. >> so

i'm sara icen and mike santoli live holiday shortened trading day. of the early gains, stocks are still higher looking at the dow and s&p dow is up 85 and it's also lower in the sc&p along with financials, rick? >> our main read on factory orders up four tenths of 1%. most were looking for unchange and another piece of good news, last look was down .8, revision makes it down.4. rather have a positive number but half as negative as it was transportation really improves, up .7 and double from.4 to .9 of the the final read on durable goods, we take the old half reads out and replace it we had minus two tens now it stands at minus .04 on durable goods, unchanged when you strip out transportation, what i was looking at, capital goods orders and nondefense aircraft. that was a minus sign now a plus sign up .02 minus .04 unchanged when you strip out transportation it's better than our last look it isn't spectacular we're a little lower in yields on the long end, dollar index giving back a good chunk of ground from yesterday. back to you. >> rick santelli, t

mike santoli is here with the answer to that mike, good morning >> because we've been sideways in theonths seems like they're getting louder. i feel like let's get an airing of what the case is and try to assess whether there is any traction to it right now it basically has three components, the bear case right now. first, the bond market everybody starts reading some scary stuff on the shaping up of corporate bond prices. i think that's probably exhibit a in the bears case right now. narrow leadership is a common criticism. others say it's only fang and the greatest percentage of gains is from stocks this year and peak everything. people can say it's peak and growth momentum, peak profits, peak margins, peak liquidity all of these things are thrown into the mix and people say it probably means the bear market is on its last legs. i have answers for this because i think the bulls still deserve the benefit of the doubt here. we've only been trading this fofo for a handful of time in history. finally the two-year note, when that yield is going up, that's actually a good signal that's a

i'm becky quick along with andrew ross sorkin and mike santoli.oe is off this week our guest host this hour is ed lee of the "new york times." he's here because we have a lot to talk about in technology. yesterday we set things up at the end of the session for an incredibly strong day. we are looking at the nasdaq setting a new high the s&p closed at its highest level since january and the dow closing at the highest level since february, then we heard from facebook. facebook shares getting slammed and the rest of the f.a.n.g. stocks following that's why the nasdaq is down by 108 points you can see the dow was up by 64 points check out what happened with the f.a.n.g. stocks. facebook down by 17% believe it or not that's an improvement. that stock was down by 24% overnight. talking about at one point 1$151 billion in market capitalization being wiped off that stock mike and i were talking about this earlier, it closed yesterday at 620 billion >> 625 around. based on what we know how many shares they have out there 217 was the price. looking to open

i'm joe kernen along with melissa lee and mike santoli and our guest host this hour, another "fast moneyhad one heck of a week >> half-time joe terranova. >> we had shaquille o'neal, jim cramer, to.j. oshie. and you better watch halve time today. >> who >> nancy davis >> okay. all right. joe is senior manage iing collector. also earnings just in -- you okay we're good >> i'm great >> you look -- you got to come in at 8:00 those other guys we relegated. >> i was going through the earnings reports this morning. jpmorgan pretty good >> citi group just came out. quarterly profit of $1.63 a share. beating by 7 cents revenue came in slightly below forecast as far as the bottom line. a programming note, citi ceo michael corbett would be on monday to discuss the outlook for citi and the banking sector in general i think maybe wells fargo -- >> it's out. it looks like a miss on the eps side of things 98 cents versus expectations of $1.12. revenue coming in maybe a whisper shy. we're only getting one decimal place here, but 21.6 versus $21.68 billion this is no surprise. i think the past five quar

that's something that's keeping the market in this range that mike santoli talked about earlier. >> but trade tensions aren't playing out in the earnings we've seen so far >> certainly not if you run the numbers with that earnings growth, we're only trading at 17 times. if we only get halfway to the multiple we are now by the end of the year you still have 10% upside in equity markets >> it has led to some of the domestic companies doing better of recent months does that continue and particularly when we look at the small caps >> i think there is an opportunity there. right now small caps are trading at about 25% discount to large caps they usually get to parity before that run quits, but the head wind there are small funds. there is sensitivity to the small end of the curve >> i would think that input costs would be an input cost pretty much across the bother. particularly for industrials i would think small caps would have a harder time absorbing those costs. or they'd have to pass it through which customers would not like as we move through this trade zpu dispute. >> i think that's a

get plenty of attention, but turns out their sales are a different matter it is the focus of mike s santoli'ssomeone who really knows about posting up down low that's nba charles barkley. and he's coming up as well until the day you leave for your trip. add-on advantage. only when you book with expedia. >>> the annual american century championship golf tournament happening today in lake tahoe with celebrities ranging from nba's steph curry to broadcaster tony romo on the greens. >> obviously our don chu has made his way there as well >> we are here with charles barkley as we are here every year at the american century because, charles, you're a mainstay, you're probably one of the main events here is that a fair assessment? >> unfortunately, yes, that's a fair assessment. but you know what, this is a wonderful week the people of lake tahoe in this area rollout the red carpet. it's just a great week of c camaraderie with all the other players and fans >> this time last year you were talking about a lot of different things there, social income injustice, that sort of thing. so take us through,

paper alternatives michael santoli, and welcome sandy, and vice-chairman and head of investment group as well and biggest caterpillar, and twitter was the biggest loser. mikee wall of trade worries this market teeing off the trade number, or this idea that maybe the trade war won't get worse. >> it's all of that, i think, sara and also you had such a crescendo of a trade war building up. so people got very defensive over the last week or three or four weeks actually. buying bonds, buying defensive groups and i think that allowed for some tension release the last two days the s&p we didn't have one of these late day sell-offs we've had for a while. but i will say the index just got back up to the level, almost to the tick of what it was in mid-june for the highs, which is little bit below the march highs. so a good day, a good trend. i still think it has something to prove getting back towards the old highs in january, though >> i know you like some interesting names that we don't talk about enough, verizon as well you've been talking advantage of some of the weak days around the trade fears to load up >> you notice some opportunity being crated by the weak