mr. richie, would you ring the 24/5 bell? jim. ♪ trade 24/5, with td ameritrade. ♪ >>> welcome back to "options action." web 2.0 stocks on the trade. hi seema. >> a whole host of online stocks were on fire this week match, yelp, etsy posting significant gains. take a look at yelp. saw solid growth in paying advertising growths. up 30% for the week and investorings swiebing right on match and tinder delivered strong numbers and less concerned about facebook in an announcement that they made in may. iac after earnings pointed to continued strength jp morgan and capital raising the price targets on shares of iac. popping 25% after the cloud communications company boasted and growth and voice and messaging products there is etsy upped the full yore outlook and jumped 10% of the week the rally we have seen in online consumer-oriented companies speaks to the firmness of the consumer economy scott, back to you. >> seema, thank you so much. mike >> we are going to look at selling a put. buying a stock here, the stock is light nowtrad

mr. richie, would you ring the 24/5 bell?im. ♪ trade 24/5, with td ameritrade. ♪ action" pot stocks have been on fire this month. what is behind all the flower power? dom is breaking it down. >> well, pot stocks have been growing like weed especially today when some of the bigger names in the industry once pretty small have made big upside moves that was due in part to a bloomberg report that british diageo is holding serious discussions about a possible deal to get into the canadian cannabis industry per sources familiar and that has made it a very constructive cannabis kind of month. here's a look at standouts from america's neighbor north of the border aurora canada has seen its u.s. trade into positive receipts gain by 20%. just month to date. another canadian company that specializes in cannabis inventions is kronos up around 60% this month. canopy growth another company in canada up around 70% there's till ray which is also in the medical marijuana thing north of the border. shares have nearly doubled just in august and

mr. richie, would you ring the 24/5 bell?e can, jim. ♪ trade 24/5, with td ameritrade. ♪ >> welcome back to "options action." pot stocks have been on fire what's behind the flower power hi, dom. >> pot stocks have been growing like weed especially today when some of the bigger names in the industry that was once pretty small have made some big upside moves. that was due in part to a bloomberg dnn report that diageo is holding serious discussions to get into the canadian cannabis striend a cannabis trend, and here's a look at some of the standouts from the neighbor north of the border aurora cannabis has seen its u.s. trade the depository receipts game by 20% month to date another canadian company that specializes in cannabis is cronos and up around 70% and then tilray also in the medical marijuana thing north of the border shares have nearly doubled just in august and are up a lot since their july ipo price of $17 a piece. it's worth noting, a lot of these upside names and the moves associated with them have had them on the h

mr. richie, would you ring the 24/5 bell?im. ♪ trade 24/5, with td ameritrade. ♪ >>> welcome back to "options action." snap is the last of the social stocks to report earnings next week let's get to julia boorstin with a look at what we can expect hi, julia. >> michelle, when snap reports its second-quarter earnings tuesday afternoon investors and analysts will be looking for signs of momentum after user growth and revenue fell short of expectations last quarter. analysts expect snap to grow revenue 38% year over year to 251 maryland they expect the company to lose 17 cents per share in the quarter. that's a cent more than the company lost in the year-ago quarter. the options market is pricing in a 17% move in either direction for the stock. snap's rivals facebook and twitter have suffered since their earnings reports last week on concerns on slowing growth, european privacy regulations and the greater focus on safety and security impacting their bottom lines raising concerns that snap may sub from similar trends particularly

mr. richie, would you ring the 24/5 bell? jim. ♪ trade 24/5, with td ameritrade. ♪ >>> welcome back to "options action." snap reports earnings options next week. what can we expect, julia? >> when snap reports second quarter earnings tuesday afternoon investors and analysts will be looking for signs of momentum after user growth and revenue fell short of expectations last quarter. analysts expect snap to grow revenue 38% year over year to $251 million they also expect the company to lose 17 cents per share in the quarter. that's a creone cent more than e company lost in the year ago quarter. they are placing a 17% move in either twitter have suffered since their earnings reports after a greater focus on safety and security impacted their bottom line raising concerns that snap may suffer from similar trends, particularly when it comes to slowing user growth since snap's ipo last march, the stock is still down 25% webb bush analysts are still concerned adjusting lower to reflect weaker daily user growth we'll see what the ceo s

mr. richie, would you ring the 24/5 bell?e can, jim. ♪ trade 24/5, with td ameritrade. ♪ >> welcome back to "fast money," amazon passing a key milestone, rallying past 2,000 and the move has highlighted a growing trend that might make it harder for retail investors to get in on the rally. bob pisani is breaking it down at the nyse. hi, bob. >> hi, melissa amazon is the first s&p 500 stock to pass the $2,000 mark. it's in rare company and there are only three companies in the s&p 500 whose shares are trading over 1,000 and amazon and booking holdings and alphabet. the old priceline was the first s&p stock to get $1,000 and followed soon there after by google and these would have been unthinkable a decade ago and that's because companies would split their shares to make it more affordable to investors the dotcom era drove up the price of tech stocks dramatically and the financial crisis and it's never really recovered and you know they were just over 100 stock puts of 1997 and that was five splits for all of last year and why d

mr. richie, would you ring the 24/5 bell?can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> welcome back to "options action." it's time to take a look back at some of our open trades. last week dan said walmart was gearing up for big gains on earnings >> to me, walmart has a couple fundamental issues that if they get going on, it'sgroceries, online, better in-store traffic, margin improvement, that sort of thing. if they guide to that, this stock is going above that technical level. you could buy the october 90-100 call spread paying $2.90 for that buying one of the october at the money, it's actually in the money a little bit, calls, 90 calls for $3.40 selling one of the october 100 calls at 50 cents. >> that was a great call walmart soaring on its report, now up nearly 10% since the time of the trade dan, he got dressed up here, put on a tie. >> i did, for you. >> give us an update on the trade. >> here's the deal i think this thing went right to the spot we thought it could go if you had all of those things in line. i think

mr. richie, would you ring the 24/5 bell?can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> welcome back to options action seema modi is at the new york stock exchange. >> forget fang stocks, like facebook, amazon, and all have seen significant gains and take a look at yelp and the service beat on the top and bottom line and saw solid growth and the revenue guidance did come in a little light and it's still up 30% for the week and investors swiping right on match that stock soaring more than 30% as tinder delivered strong subscriber numbers and the street seems to be less concerned about facebook taking market share away from match when it unveiled its own dating product and an announcement facebook made at the fa developer's conference in may. iac pointing to continued strength and bmo capital all raising their capital on shares of iac and plus shares of trulio popping 25% after the cloud communications company boasted a surprise profit compared to an expected loss and cited growth in voice and messaging products and then the

mr. richie, would you ring the 24/5 bell?n, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> welcome back to "options action." seema modi is at the new york stock exchange. hey, seema. >> that's exactly right. forget f.a.n.g. stocks, a whole host of online stocks were on fire this week match, yelp, iac, tulio. look at yelp, they beat on the top and bottom lines and saw solid growth in paying advertiser accounts. revenue guidance came in a little light, that stock is still up 30% for the week. investors swiping right on match. that stock soaring, and tinder had strong subscriber numbers. iac getting a like from wall street after earnings pointing to continued strength. ubs, jpmorgan, bmo capital raising their price target on iac. shares of twilio popping after the cloud communications company boasted a surprise profit compared to an expected loss and cited growth in voice and messaging products and then there is etsy, which surprised analysts, upping the full year outlook, jumping more than 10% for the week. the rally we have seen

mr. richie, would you ring the 24/5 bell?e can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> you know who has been hurt the most by these chinese sanctions? hedge funds. i'm being a little bit facetious but when you think about it, maybe i'm not. hedge fund managers have lost billions of dollars shorting stocks ever since the trade war began in ernest. why is that? they saw all the negative related china headlines and made a rational decision to bet against all sorts of stocks yet these bets aren't paying off the trade war isn't producing the kind of short walls that in theory should have kicked in this quarter, and natural selling makes it so they can cover lower. i will go a step more. i bet they had the biggest percentage of longs versus shorts we've seen since the 1987 crash, when the economy kept chugging along but hedge funds kept shorting stocks that it was a predictor where the economy was heading and was anything but accurate all these tariffs have to wreck the economy, don't they? they know just enough to hurt thems

mr. richie, would you ring the 24/5 bell?/5, with td ameritrade. ♪ >>> time now for our final trades, our good friend michael farr head back down to the nation's capital. >> and off to dublin on sunday to play some golf with my family but i like starbucks as my final call for the day. >> that's an interesting one tell us why. >> we have the new alliance with alibaba. they have a great alliance with nestle and they call it the global coffee alliance almost a 3% dividend the stock, i think, continues to provide really good value. if jack mah can help them sell coffee into china at that's valuations, i want to own it. >> jim. >> ibm there's a rumor of an activist taking a position. i don't know if that's true or not but i know the company is ripe for an activist to come in and cut costs. i like it. >> steve. >> tableau this is on sale, it's a buying opportunity. i've got a huge gain in here, almost double. i may buy more down here ultimately this company is going in the right direction part of the confusion is, by the way, with

mr. richie, would you ring the 24/5 bell?can, jim. ♪ trade 24/5, with td ameritrade. ♪ you need a higher standard of craftsman. see for yourself at the lexus golden opportunity sales event. get 2.9% financing on the 2018 ls 500. experience amazing at your lexus dealer. >>> you want to stir up a hornets nest, bring elizabeth warren on to give large companies, think employees, more of a voice in the corporate board room >> it's not anti-business. this is saying to businesses, hey, what you need is you need a little more diversified board and you need ceos and top executives who are in sentvised not just to think in the next quarter, but to think longer about how this business works. that's going to be good for everybody. >> i know warren's populous proposal doesn't have much of a chance of actually passing and some say it should be dismisseded out of hand as stealth socialism. i think that's nonsense. it's known to have gravitas. who hasn't said ceo pay has gotten out of control compared to what workers made 30 years ago the ga

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mr. richie, would you ring the 24/5 bell?e can, jim. ♪ trade 24/5, with td ameritrade. ♪ with pg&e in the sierras. and i'm an arborist since the onset of the drought, more than 129 million trees have died in california. pg&e prunes and removes over a million trees every year to ensure that hazardous trees can't impact power lines. and since the onset of the drought we've doubled our efforts. i grew up in the forests out in this area and honestly it's heartbreaking to see all these trees dying. what guides me is ensuring that the public is going to be safer and that these forests can be sustained and enjoyed by the community in the future. >>> welcome back here's the market picture at 12:53. we've retaken 25,000 on the dow. the dow is well off the lows, still down 200 notmaking light of the big sell-off s&p down a bit more than three-quarters of 1% nasdaq, the tech is getting hammered today we mentioned chinese internet stocks that are down big the nasdaq itself not immune to any of it. the nasdaq is down by 100 points at this

mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ apple.ng another record inter day high, on pace for a fifth straight day of gains. ryan white, and timothy lesco, welcome to you both. take a bit of a turn, ryan i want to ask what it would have been like in the past few years if apple only had to report twice a year think of the iphone ramp, how hard it was to understand what was going on with logistics, with demand, with carriers would that be a good or bad thing for investors? >> there are puts and takes for this it is easier for analysts if we didn't have to come together every quarter, write reports, go through models i would say a six month lag in information could create more volatility i think there's different aspects to this that have to be taken a look at. it is difficult enough for people to get numbers right on a quarterly basis for apple iphone, think of six months and volatility and rumors that come out in the media. >> your take on apple now, it is not an expensive stock by traditional measures, it had a run that a number of

mr. richie, would you ring the 24/5 bell?. ♪ trade 24/5, with td ameritrade. ♪ david: breaking news. you have president trump is hosting a roundtable right now, with state leaders on prison reform, to push them passing the first step act in congress. this is one of the few bipartisan bills in congress. supposedly will help reduce crime, mend families, save taxpayer dollars. that is how they describe it. the white house and several governors state attorneys general that have already implemented similar reforms in their own states are there in attendance, along with cabinet secretaries and administration officials. we are monitoring this so far. nothing unexpected is happening. if the president says anything or takes comments of interest to you, we'll go to them right away. melissa: chaos in venezuela with socialist policies making a total mess of a country once overflowing with petrodollars. one million refugees fled to colombia in the past year-and-a-half. our united nations ambassador nikki haley visiting the colombian borde

mr. richie, would you ring the 24/5 bell?n, jim. ♪ trade 24/5, with td ameritrade. ♪ connell: at this time yesterday, it was crazy. around here we had double the courthouse drama. today the white house playing defense around the cohen guilty plea, manafort convictions. hillary vaughn on the north lawn. what is the latest, hillary? reporter: hey, connell. white house press secretary sarah sanders trying to put as much distance between the president and two people in his inner circle, two former trump allies, paul manafort, michael cohen. sanders dismissing the charges against the president's former campaign manager, paul manafort, saying the felony charges on bank and tax fraud have nothing to do with the president, the white house or his campaign. sanders also pushing back against trump's personal lawyer, michael cohen, after he pled guilty to felony campaign finance charges and point the to the president for the reason he paid off two women with hush-money. >> just because michael cohen made a plea deal doesn't mean that imp

mr. richie, would you ring the 24/5 bell?can, jim. ♪ trade 24/5, with td ameritrade. ♪ trish: amazon joining the running to acquire landmark theaters. the move would increase amazon's media expansion giving the online retailer access to over 50 heaters in 27 markets across the country. the movie chain is owned by billionaire mark cuban and todd wagner and primarily focuses on independent and foreign films. >> sec subpoenaing, did i say that, as they investigate tesla elon musk claims about the potential buyout of his company. charlie gasparino -- >> does that mean cuban will be actually richer now? mark cuban actually richer. trish: yeah. maybe -- >> i have got an email. trish: a run in 2020. he has been talking about that. >> it is interesting. he has been keeping his powder dry lately with the attacks on trump. trish: i noticed. >> i found that odd. like he is, like that he is planning something, he is not leaving a paper trail, but we'll see. i guess we have to get to this story. trish: another billionaire. >> another bill

mr. richie, would you ring the 24/5 bell?♪ trade 24/5, with td ameritrade. ♪ - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. >>> sooner other later, the short sellers will keep betting against tesla are going to realize that they're like wile e. coyote chasing off the roadrunner from the moment elon musk announced he planned the take tesla private, they have been acting like they finally have him. surely this time there is no way for the roadrunner to escape somehow they believe the feds will look at this tweet and we have enough of this nonsense musk is out. but that's not how the world works. today muscate

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mr. richie, would you ring the 24/5 bell?e can, jim. ♪ trade 24/5, with td ameritrade. ♪ what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> there are a lot of brilliant short sellers out there, yet they all tend to make the same mistakes you can be the most rigorous person on earth. you can have a super human ability to smell a ratter, or know when a company is on thin ice with the government. but there are four fundamental problems that make shorting stocks especially dangerous. problems that are bedevilling these professional pessimists as they confront perhaps the greatest short buster in modern memory as they confront elon musk ♪ hallelujah yesterday when musk tweeted that he had the financing lined up to take tesla private at $420 a share, he gutted the short sellers. i mean guillotined them. i think this is a gr

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mr. richie, would you ring the 24/5 bell?, with td ameritrade. ♪ >>> alibaba soaring after its earnings report, one trader says it's just the beginning of a bigger breakout. more "squawk on the street" right after the break. >>> we have seen big earnings wins this quarter for the retail sector as chain stores work to compete with their counterparts. ace hardware is the largest retail owned cooperative in the world. welcome, john, nice to have you. >> thanks, sarah, good to be with you >> it has been a hot quarter for retail, with sails ales and tra coming in above expectations, are you seeing that trend as well in your business? >> yeah, we had a great quarter. sales were up 6.4%, earnings were up 6.2% so, yeah, you're seeing, i think the bifurcation of winners and losers >> what's working within the store that's helping fuel those kind of sales within these do it yourself home improvement chains >> we do good with some very impressive with some very large companies. you don't catch me saying anything bad about those folks we

mr. richie, would you ring the 24/5 bell?can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> welcome back toyota is reportedly set to invest $500,000 in uber to work on driverless car technology according to dow jones at $72 billion, and that brings us to today's quote of the day it comes from the uber ceo outlining a shift in uber strategy which along with driverless cars could change the way we use the service in an interview with the financial times he details a plan to move away from cars and towards electric bikes and scooters for shorter trips saying, quote, during rush hour it's very inefficient for a one ton hulk of metal to take one person 10 blocks >> although the company makes less money from a bike ride than by car, he hopes it'll pay off in the long run saying quote, we are willing to tradeoff short-term economics for long-term engagement i found in my career the long-term engagement wins wars >> but said it would lead to higher proportion of longer rides and less congested roads i have to say there's a lot of deba

mr. richie, would you ring the 24/5 bell?can, jim. ♪ trade 24/5, with td ameritrade. ♪ are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> talking about the ongoing rhetoric between u.s. and china on trade this time apple appears to be caughted in the middle "the people's daily" of china said apple has benefitted over the years from cheap labor helped get the $1 trillion evaluation over time and if the trade skirmish continues, could be the target in china of what they're calling anger and nationalist sentiment. interestingly, axios has a bit today about the white house pulling together tech officials and trying to reassure them about the direction of the trade rhetoric. >> i think your biggest worry, always, is it the beginning of a boycott? they don't pay peop

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mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ no, what??switched to geico and got more. more? got a company i can trust. that's a heck of a lot more. over 75 years of great savings and service. you can't argue with more. why would ya? geico. expect great savings and a whole lot more. >>> welcome back to "the closing bell." 30 minutes left of trade let's check in on some the individual stocks to watch electronic arts ea falling after delaying the arrival of battlefield 5 by four weeks. executives say final adjustments need to be made to the game and will now be released november 20th as a result the stock is down 9% largely because of course the delay still means it's going to make the holiday shopping period, but it was already a highly anticipated game with the delay questions about whether it's going to be as good as people had hoped >> also leaving the door open for a potential sale of the company. this morning becky quick did ask warren buffett if berkshire hath away with its ownership of kraft hines would be interested in buying here w

mr. richie, would you ring the 24/5 bell?ade 24/5, with td ameritrade. ♪ this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's. >>> another win for retail, tjx sending shares higher, 3.6%. it's been a series of wins for the sector as retail has led the recent leg of this rally joining nous the senior retail analysts and wells fargo senior retail analyst with the lowest price target on the street can you remember the last time we saw so many comp store sales beats across your industry >> no, maybe last quarter i guess. i think what's interesting is looking at these comp store sale beats, certain ones are driven by traffic getting more people in the stores and selling more units. that sweater can go for a higher price. we think there's a distinction there

mr. richie, would you ring the 24/5 bell?can, jim. ♪ trade 24/5, with td ameritrade. ♪ dow is way off the lows of the day. still down 120. >> we cut our losses a lot. >> up next we will talk chinese stocks which should plunge after tencent said profit declined. what does it mean for the broader chinese market and tech stocks across the globe? that's next. -here comes the rain. [ horn honking ] [ engine revving ] what's that, girl? [ engine revving ] flo needs help?! [ engine revving ] take me to her! ♪ coming, flo! why aren't we taking roads?! flo. [ horn honking ] -oh. you made it. do you have change for a dollar? -this was the emergency? [ engine revving ] yes, i was busy! -24-hour roadside assistance. from america's number-one motorcycle insurer. -you know, i think you're my best friend. you don't have to say i'm your best friend. that's okay. you don't have to say i'm your best friend. your digestive system has billions of bacteria, but life can throw them off balance. re-align yourself, with align probiotic. and try new

mr. richie, would you ring the 24/5 bell?de. ♪ >>> all right, coca-cola is buying the official state beverage of the state of maine it's called moxie. if you've ever stated it, you know what i'm talking about. you will never forget it >> what does it taste like >> it is medicinal, it is bitter it's more than 100 years old there's a saupg in the state of maine that has a line all the girls will think your foxy if you chug a mug of moxie and never show your pain >> how do you know this? >> i am a former mainer. it's an interesting choice for coca-cola. you would fiend it with the high end bar keeps making -- >> it's not alcoholic, though, is it? >> no. >> it's medicinal. >> we want to show you this really unbelievable video. this is just outside the nasdaq. >> don't get stung >> thanks for watching power >> and "closing bell" follows right now. >>> it's time for "the closing bell," i'm wilfred frost at the new york stock exchange. jp morgan, what does that mean for robin hood, the commission free trading app the co-founder will

mr. richie, would you ring the 24/5 bell?n, jim. ♪ trade 24/5, with td ameritrade. ♪ it's absolute confidence in 30,00or it isn't. arts, it's inspected by mercedes-benz factory-trained technicians, or it isn't. it's backed by an unlimited mileage warranty, or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned, or it isn't. the mercedes-benz certified pre-owned sales event, now through august 31st. only at your authorized mercedes-benz dealer. >>> welcome back to "power lunch," everybody. the market rally has been helping retirement accounts plump up but there is still not enough being saved. bob pisani joins with us the outlines hi, bob. >> good news and bad news. good news, the value of retirement funds has risen as the market has risen the bad news is, the results are still pretty poor. fidelity recently reported that the average 401k was worth $104,000 in the second quarter that's up 6% from a year ago the average ira balance increased to $106,900. that's up 7% from 2017 that's good news bu

mr. richie, would you ring the 24/5 bell?e can, jim. ♪ trade 24/5, with td ameritrade. ♪ it's absolute confidence in 30,00or it isn't. arts, it's inspected by mercedes-benz factory-trained technicians, or it isn't. it's backed by an unlimited mileage warranty, or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned, or it isn't. the mercedes-benz certified pre-owned sales event, now through august 31st. only at your authorized mercedes-benz dealer. who would have guessed? an energy company helping cars emit less. making cars lighter, it's a good place to start, advanced oils for those hard-working parts. fuels that go further so drivers pump less. improving efficiency is what we do best. energy lives here. >>> hello, everyone, i'm sue herera here's your cnbc news update for this hour. officials in new mexico holding a news conference regarding the deadly collision of a greyhound bus and a semi tractor-trailer late yesterday they have been raising the number of the deceased victims it now stands

mr. richie, would you ring the 24/5 bell?trade 24/5, with td ameritrade. ♪ with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com >>> welcome back to power lunch. let's get to dominic chu. >> we are looking at shares of oracle near session lows off by almost a percent. not helping matters is a cnbc story citing stories that amazon is looking to transition from oracle products. this has been a process that has been reportedly in works for the past number of years but it will come to a head. we have a timeline on it according to sources familiar. we are watching those shares pretty closely. oracle shares are up about maybe a half a percent for the year to date period, down five percent for 12 months. we did reach

mr. richie, would you ring the 24/5 bell?th td ameritrade. ♪ ashley: indirect or suggested millennialist in the post of his house. susan explains. >> snail mail next millennialist feel bad because it takes effort to get a letter and mail it. pakistan, the envelope, it and put it into the post office. that actually is is a great experience for millennialist. it makes them feel good. like someone is sending me something. it feels special. conversely, all that effort into mailing a letter is kind of another reason why they don't actually use the service as much. usps has come out with a survey and we have package delivery. that is accounting for bruce to half a billion dollars in revenue. but then the first-class mail at postcards, letters will be declined at least $800 million in revenue. given that 80% of millennialist feel that they are satisfied or very satisfied with the post office. they want to feel good. they want to receive letters. ashley: id. i never wanted those windows during the lunch hour. it's like going to the d

mr. richie, would you ring the 24/5 bell?th td ameritrade. ♪ ♪ >>> welcome back to "squawk box" this morning. the dog days are over. janice henderson out with harsh word about bill gross. >> he's made some bad bets. he believe still in his basic presumption that inflation won't get out of control and you'll have bond rates between the u.s. and eu. he hasn't lost faith but he's been wrong and wrong badly in the short-term and he's accountable and we're accountable for that. >> reports say that investors pulled out about $200 million from the fund in july. it's the fifth straight month of outflows for that fund. >> cover the post with his wife. >> very tough divorce. >> nasty, terrible divorce. >> war of the grosses. >> they all sound totally unhinged and the performance is suffering -- i don't know if its suffering as a functionality of it but sometimes -- >> you don't give money to somebody that's getting a divorce. it's just really tough at those moments. >> this is some crazy -- >> this is one crazy -- this is a rich people

mr. richie, would you ring the 24/5 bell?e 24/5, with td ameritrade. ♪ >>> all right. pumpkin spice season keeps getting earlierier and earlier starbucks announcing it'll bring back the seasonal latte on august 28 president. that's a week earlier than last year it's before laborday it marks the 15th birthday of the fan-favorite drink a 16-ounce psl who knows it as that as it's known, supposedly. costs about $5 and contains 380 calories, 14 grams of fat, and 50 grams of sugar. it make sure you join us tomorrow we'll see you tomorrow time for "squawk on the street." ♪ >>> good morning welcome to "squawk on the street." i'm david faber along with jim cramer live from the stock exchange carl quintanilla has the day off. a look at futures now. and in other places, as well you can see we're set up for a potentially lower open european markets, of course, open for some type a sort of flat last time we looked let's take a loo

mr. richie, would you ring the 24/5 bell? 24/5, with td ameritrade. ♪ ♪ >>> stocks to watch this morning an $87 billion merger may be in jeopardy linde they're asking for more asset sales than previously anticipated. the deal was struck back in december of 2016 linde said the two companies are evaluating the requests. praxair down 6 percent and linde down. >> and i don't want to get too much into the week, but what is the language that everyone uses? i mean, you know, i was pretty good with high performance and a reverse, you know, i wasn't. what is it now >> you know, there are many languages. >> are there okay >> java became popular a plus plus. the languages are different. people use scripting languages to knit together the components. >> i should tell my kids to absolutely take a coding class at this point? >> yeah, i mean, you should tell them they need to know the language of engineers. >> need to know the language of engineers. >> what language are you recommending python. >> that's a good idea. >> that's a good idea?

mr. richie, would you ring the 24/5 bell?ade 24/5, with td ameritrade. ♪ >>> a record number of investors that came 401(k) millionaires this spring according to new data and its coming from fidelity. 168,000 of its 401(k) customers had at least a million dollars in their account and that's up from 50,000 people a year earlier. >> that's incredible. >> i don't get it. >> i don't even get it because -- >> must have been a lot of people that were close. >> almost at the line and -- okay. right now. on the market insider column on cnbc.com, the dollar has been strengthening so much against china's yuan that currency traders are wondering when president trump will start tweeting about it again. its edging toward 71 per dollar. president trump has made it clear in the past that he doesn't like the weakening yuan or a strong dollar. so we'll wait and see. >> okay. >>> former librarian in utah is serving 30 days in jail, after he blew $89,000 of public money on a video game, guys, adam winger was director of the north logan city libr

mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ >>> .art: if you are just joining us smile please because monday morning starting a new trading week we are going to be up triple digits opening bell 140 points up for the dow. look at the big technology names going into the opening, we've got facebook, amazon apple microsoft across the board they are up. and a big up market. to the shooting. about video game tournaments in jacksonville. >> 24-year-old david katz has been identified two shot dead nine others wounded two others wound in panic getting out of this place held at a restaurant in jacksonville, florida the madden 19 nfl tournament and witnesses say this individual was eliminated from the tournament and was basically erupted in anger started firing how do you turn up with a gun no screening we understand we do not know we are waiting to hear more on this individual, he shot himself he killed himself in the middle of all of this from baltimore, the authorities searching his place in baltimore. we don't know any history whether i has

mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ whoooo.out on the perfect hotel... but did you know you can also use tripadvisor so you don't miss out on the best price? tripadvisor searches over 200 booking sites to find the hotel you want for the lowest price. saving you up to 30%! so you can spend less time missing out... and more time paddling out! tripadvisor. visit tripadvisor.com or download the app! stuart: earlier on the program, run out of sugar went to misery and visited a company which has been helped by tariffs. now he struggled to a different part of the same state looking at another company that being hurt by tariffs. the side of the story, tell us. >> is part of the story is that this tariffs of the largest producers in the united states to lay off 150 people from a workforce of 500. i want you to see this factory is running at roughly 30% of capacity. they don't know when nobility get back to the full production. the problem for the people here is that terrorists do not go in effect further overseas competition. the finish

mr. richie, would you ring the 24/5 bell?im. ♪ trade 24/5, with td ameritrade. ♪ stuart: this is what happens if you give a rosy forecast about your sales and profits in the future. your stock goes up. lululemon gave a rosy forecast and the thing is up nearly 15%, $20 higher at 157. all right, let's go to the white house. this is a story that i am interested in. mercedes schlapp, white house communications director joins us now. mercedes, forgive me for droning on but i want to set the stage here. at the moment when you reach 70 1/2 the government makes you take money out of your 401(k) and your ira. when the money comes out it is taxed. if you're still working at the age of 70 1/2, you're going to get taxed to the moon. i mean you will lose most of your pension money. the good news here that i'm trying to work up to, the president wants to extend that, doesn't he? make it not 72 or 75, something like that. am i on the right track? >> yes. what we're looking at right now, what the president is going to sign in north carolina,

. >> don richie. mr. ritchie: i would love to have henry clay at the dinner, and i would love to have huey long at the dinner. i think the conversation would be very sparkling. there are a lot of other orators. alvin berkeley of kentucky, and many others whom i never had the opportunity to meet but i have read about. >> richard baker. mr. baker: i would like to have daniel webster and i would like to have john quincy adams. not only because they are from my native massachusetts, but because they were people who really knew how the senate and house of representatives worked in the second quarter of the 19th century. the third person i would like to have is robert c. byrd. people often set about senator byrd that he would be as at home in the 20th or 21st century as in the 19th-century or the 18th century, too. he had the demeanor and gravitas of a senator. i would like to hear the three of them sort of mix it all up. they would not believe what he had to tell them, i'm sure. brian: we are on "q&a" at a cal