nasdaq futures up five.'re watching "fbn:am," your first look at morning markets and breaking news. ♪ attention. did you or anyone in your household work around asbestos-containing gaskets and packing? the garlock bankruptcy may affect your rights even if you do not presently have an asbestos-related disease. garlock's products were used in industrial and maritime settings, where steam, hot liquid or acid moved in pipes. certain personal injury claims must be filed by october 6, 2015. you may have a right to vote on garlock's plan to reorganize and pay claims. call 844-garlock or go to garlocknotice.com i am totally blind. and sometimes i struggle to sleep at night, and stay awake during the day. this is called non-24. learn more by calling 844-824-2424. or visit your24info.com. sandra: breaking news. a day of mourning in charles ton south carolina, while the suspect in the horrific shooting there face as court appearance today. in greece the prime minister now says he is confident a debt deal will get done

>> nasdaq?'t get rid of this lawsuit, can you imagine what is beginning to -- the disclosure will be on that? >> listen these are entrenched monopoly. knox has had a very regulate it had taxi industry for years. this thing is not supposed to up end overnight. >> who gets it nays dc or -- listing of Über. >> icy give it a shot. >> right now bob has issues, you know with the nasdaq with the brand don't you think? >> he did you want have issues with the nasdaq right now it is hitting highest level and russell 200 with a lifetime high. stocks are in the green. let's move to our count down closer we want to thank janet we'll toss to over, of course, to david and melissa. >> thank you very much. by the way, get rid of the taxes on taxes in new york. notice taxes going up and poor mayor. meanwhile we have record highs on nasdaq record highs on the russell, 2,000 this is beginning to be quite a day melissa. >> yeah, absolutely. even as warning goes out and may close on monday to avoid too many customer

. >> live from the nasdaq marketsite in times square this is "fast money." our traders on the desk tonight are here. tonight on the fast inside scoop on how one trader tripled their money on the martha stewart deal in a matter of minutes. the suspicious trade you have to see to believe. the three stocks hedge funds are using to beat the market. a special report that could bring you serious profits, but first to the record-breaking rally on the street and the nasdaq captured the attention. the index closing at a new record high. all three of the major industries adding with 1% gain across the board. guy, what a night to kick it off. >> b.k. and b.k. said the fed gave the all clear sign. again, the market doesn't give you this long a period of time to buy the lows or sell the high which is why i think despite what i think about the economy is the s&p will ratchet higher. 121 has been the line in the sand. that made an all-time high today. the transports participated and individual space we've talked about cybersecurity for a long time now. palo alto networks a

s&p and nasdaq futures are loyer.'re watching "fbn: a.m.," your first look at morning markets and breaking news. ♪ these two oil rigs look the same. can you tell what makes them so different? did you hear that sound? of course you didn't. you're not using ge software like the rig on the right. it's listening and learning how to prevent equipment failures, predict maintenance needs, and avoid problems before they happen. you don't even need a cerebral cortex to understand which is better. now, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. ♪ sandra: let's get you caught up on global markets right now. the dramatic selloff in china we continue to watch there. shanghai composite down more than 7% as analysts are warning that the markets are unsustainable at these levels. was one of the best global performing markets last year. things are quickly changing. we told you about the market correction last week, entering into bear market territory no

the nasdaq still trading at a record.ow are still holding steady with gains when ahmad percent. take a look at the s&p 500. we came off the high of the session a little bit when the headlights came out but still the li na much reaction to all of these incremental headlines still not much reaction to all of these incremental headlines on greece. also look at the groups within the s&p 500. were lower stocks today. you can see a lot of green on your screen because all of the higher.re trading the two best-performing groups are health care and utilities. todayou look at the are performance for those groups, you see quite a divergence. health care stocks are the best performance up for the year to date. utilities are the worst performing sector for the year to date, down 8% as health care rallied by 11% in part because we have seen a lot of deals in pharmaceuticals and speculation there will be deals and managed care companies. theher record to mention is russell 2000. some investors have hope the pace of rate increases will b

we're live from the nasdaq marketsite over

they are all trailing the nasdaq.universe, the momentum has been so far this year to date driven right here by disney shares up 22% so far. the biggest drag on the blue chip index, walmart on the consumer retail discretionary staples side of things down 16%. that's the dow picture. that's the momentum so far in 2015. s&p 500, no surprise netflix shares have almost doubled. chesapeake energy down 43%. again the moment plays so far year to date on that basis only. the nasdaq 100. i put electronic arts up here. keurig green mountain down 41%. with the relative strength and weakness so far in the major indices. as for where the overall market heads from here most strategists believe on average we're going to go about higher about 6% from current levels. according to our own cnbc strategist survey we polled a lot of different strategists on wall street, they are looking for some gains. right now the median forecast for the end of the year is an s&p level of 2,224. that's around 6% higher than where we are right now. low es

nasdaq moves are netflix, staples.s from office depot approving the merger and smith and wessen which beat on the bottom line by 10%$0.10. >> a quadruple witching. 350 million shares on the floor of the new york stock exchange. we don't have volatility. i want to show you the vix which is only slightly elevated. not sitting far from the lows of the year. it's amazing. i think the greek situation is quite serious. interest rate sensitive stocks, yields are down in bonds and yet normally on a day like this interest rate sensitive names would be on the up site. they're weaker. reits, utilities are all market downside leaders today. in the meantime in europe again, that sense of complacency, the german market is holding up. france is up. spain is up. even the greek market is on the up side. i keep getting asked why the markets aren't worried about greece. i do not share that lack of worry. there's a fatigue after five years of prices. there's kplacomplacency. most feel a deal will be made at the last minute. there's no con

the dow, the s&p and nasdaq futures are trading lower. not big loss there, but a lot to happen between now and the opening bell. we will keep watching it. general electric making is reportedly nearing a deal to sell private equity lending unit to canada's biggest pension fund. "the wall street journal" says ge in the canada pension fund are aiming to sign the agreement later today. the deal would include more than $10 billion of assets for less than the units will book a $16 billion. this comes about two months after ge announced his plan to have $2 billion for billion dollars worth of finance billion dollars for the finance asset is billion dollars for the finance asset is that focuses on the manufacturing and industrial products. shakeup at deutsche banc is sending shares slightly higher in european trading. germany's biggest bank says co-ceos and shoe chain and jurgen sachin will step down. they became joint chief executives at the bank in 2012. deutscher says jain will leave. currently a member of the supervisory board will become co-

nasdaq up 68 the s&p 500 added 20. now unlike in the dotcom era, tech stocks aren't the only drivers behind nasdaq's s >> tech stoc the majority o 53% of the index. that's not w small cap stocks right now and in particular biotech stocks. both of those indexes and those sectors closing at all-tien because of a lot of merger and acquisition speculati and also because s really seek to harness the secrets to try to cure diseases rare diseases. an cancers. so that's wh a standout today, also at an all-time high afte positive trial results on a dwarfism drug. ra blockbuster drug. i'm bertha koontz at the nasdaq. >>> some say stocks could have done better if there wasn't the on going concern over the greek debt talks. jitters increased today amid word that european central bank officials said they weren't sure greek banks would open on mondayy emergen meeting tomorrow about funding the ly withdrawing money from their accounts and some say as much as 2 billion euros. and quns >> i'm here on the steps of tonight to protest aga

the nasdaq starts today at another all-time high.ve got the final reading on first-quarter gdp growth coming up at 8:30 a.m. eastern time. not likely a market mover so far in the past. coming up today marks the digital debut of jerry seinfeld. they show about nothing could cost you. we have the details. maria will have a special guest coming up at 8:00 a.m. and the 8:00 a.m. hour. in japan, stock prices at the highest levels in 18 years. the nikkei's best level since 1996. take a look at what the u.s. is doing right here right now. a little bit of red. you are watching "fbn:am," your first look at morning market and breaking news. ♪ hey america, still not sure whether to stay or go to your people? ♪ well this summer, stay with choice hotels twice and get a $50 gift card you can use for just about anything. go you always have a choice. book now at choicehotels.com if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reali

the nasdaq up to 14. the nasdaq by the way finally setting a new all-time high. things have turned around here. you see the dax is up by .25%. the ftse also trading higher. so the the greek composite index. there's a cross line that funding the cap for the greek bank. according to a banking source. and that certainly may help the situation in greece the big concern is what happens if there is a liquidity run on the greek banks. it had been unclear whether the ecb would step in. it looks at this point there is an ecb action. we're going to get more in a moment on this from michelle caruso-cabrera. >>> okay. but first we got some stories that investors are going to be talking about this morning. shares of fitbit rising in early trading. stock jumped nearly 50% yesterday. also hershey blames chocolate sales growth in china did not meet expectations. the candy maker also announcing productivity initiatives and changes in the global leadership as well to that team. and then there's conagra. being targeted by jana partners. the fund has built the 72% stake in that firm

. >> nasdaq hovering around new highs. russell 2,000 in record territory. >> a biotech stock up more than 100% in the past year. there have been a few, right? >> this one has done better than the rest. >> we'll talk with the ceo biomarin and talk about the next catalyst for his company. >> which are still seeing gains. we are off the highs of the session. we opened up nicely. hanging in there in positive territory with the dow up 24 points. s&p 500 pretty flat. nasdaq, as well. flat but we are hovering near record highs. strength in financials today. outperforming. pob pisanimiss an bob pisani tracking morgan stanley. >> the market maker trading all the bank stocks. morgan stanley, new high. wells fargo, new high. suntrust new high. key corp. comerica, fifth third. let me show you this full screen. big cap banks up about 11% this quarter. that is way outperforming the s&p 500, only up about 2.6%. it helps that rates moved up. interest rate sensitive groups moved down. you have reits down. dow utilities down. home builders

david: russell and nasdaq, as a matter of fact. nasdaq 5153. it is now 5159. those indices. melissa: that's right. is uber worth a 50 doll dollars valuation? -- $50 billion valuation. will walmart break records or will the party end. david: it is better than 1999. there is more reality. still markets at the all-time high. negative stories about hillary clinton have not affected her poll numbers. they keep going up. could her real problems come from the left? ed henry talking about surprising surge by socialist, bernie sanders. melissa: latest bizarre twist in the story. about the two murderers busted out of prison. they will check the freezer more closely in the future. david: we can't forget. tom brady appealing nfl suspension. he is still claiming he is getting a raw deal from the nfl. today he is going under oath. will they believe him this time. we have a lot to cover. let's talk about markets. we have records at least in the nasdaq. it a pierce the russell 2000 as well. there are records today. we are hitting a high note. the question is, as the bells rin

jen --ft, apple, and amgen are all heavyweights within the nasdaq., if you look at the s&p and the sectors that are the tech heavy nasdaq is having its day as well, and it is the best performing of the three major averages. now it is up 1.3% and trading at that new record. pimm? pimm: thanks very much, that is julie hyman on the news from nasdaq. and more breaking news from attorney general loretta lynch. she says the shooting suspect from south carolina is in custody. nine people were killed in the shooting in charleston, s.c.. president obama will speak later on that situation and we will bring that to you live. is the father, he of the united states financial system and is about to get kicked off the $10 bill. we are going to talk to and alexander hamilton biographer of how this change -- biographer about this change. ♪ pimm: welcome back to the "bloomberg market day." i am pimm fox. the $10 bill may be getting a feminine they slip. treasury secretary jack lew says put on aman will be $10 bill and he is accepting suggestions. i spoke with the auth

a new closing high for the nasdaq. it has been a long road for nasdaq. getting hit hard in 2000 when the dotcom bubble and the 2008 financial crisis. and now it is more solid, home to apple, google and facebook. record high for nasdaq yesterday. 18 minutes past the hour. tropical depression bill swampbing oklahoma. houses and cars submerged following torrential rain. 12 inches in parts of the state. authorities search for a 2-year-old whose toddler was swept out of his father's arms during a flash flood. in texas, authorities are keeping an eye on swelling rivers. so far the region has been spared from significant flooding. for more on the flooding threat, let's bring in meteorologist derek van dam. >> the remnants of what was tropical storm bill continues across missouri in to southern illinois and parts of kentucky and tennessee. we have seen a considerable amount of rainfall leading to localized flooding, especially across texas and oklahoma where we received the heaviest of rain. as the system continues to move in a northeasterly direction, we see th

dow, s&p and nasdaq all moving up.g "fbn:am," your first look at morning markets and breaking news. ♪ [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. we're here to help you turn your dream into a reality. i am totally blind. and sometimes i struggle to sleep at night, and stay awake during the day. this is called non-24. learn more by calling 844-824-2424. or visit your24info.com. dagen: i'm dagen mcdowell and for sandra smith. sandra is coming up in six minutes at the top of the hour. let's say you conduct on global markets. why are we so happy because of this? a global stock market rally happening right now in japan, hong kong and singapore, gains across the board. same store in europe if you look at england, france and germany with the dax index been your biggest mover there.

it's the largest weight in the nasdaq.think of the nasdaq, it's got all these biotech stocks that have done very well too. to me underlying tech stocks, large cap tech stocks act very, very poorly, which brings us to intel. that's the one i really want to focus on because to me i think it has the potential -- the stock is down 14% on the year. i think it's incorporated a couple guide downs over the last two quarters here. we got one in january and got one in april and the stock has acted okay, but now really it's down -- it's approaching a very, very key technical support level. we have a chart right there. to me, listen, whether you like this stuff or not, this has the potential to be a textbook head and shoulders top. that neckline is $30. that's the line in the sand there, people. if they miss and guide down on july 15 when they report their q2, this stock's breaking that way and it's probably going to go down toward 26. so i have a very simple trade here. this is a trade i actually put on a few weeks ago. but now that

dow, s&p and nasdaq futures lower.are watching "fbn:am," your first look at morning markets and breaking news. ♪ sandra: welcome back. but do you cut up and market this morning. in asia, stocks finished the day is lower in response to the fed announcing yesterday loving forecast for u.s. economic growth. weakness overseas in europe. stocks moving to the downside as well. retail sales report coming out of the u.k. showing some weakness they are. a negative trading going on there. u.s. stock index futures although not the classes in the red across the board. dow, s&p and nasdaq futures down this morning. looking at gold. a green arrow for you. a gain of $21 in the early goings here. this of course in response to the federal reserve announcement yesterday as well. people are selling the u.s. dollar and u.s. dollar and buying gold, said in a safe haven trade going on right now. another threat to your cell phone. the lauren, what now? lauren: a serious threat to iphones and mac operating systems. a group of researchers that

s&p and nasdaq lower on this session. in san francisco where people are celebrating legalization of same-sex marriage. supreme court deciding 5-4 in favor with justice kennedy saying gay and lesbians couples have a fundamental right to marry. companies also sounding off on twitter with their support. apple ceo tim cook tweeting today marks a victory for equality perseverance and love. target, here's to having holding and marrying who you love. american airlines tweeting we're on board. diversity strengthens us all. today we celebrate marriage equality and the landmark scotus decision. jpmorgan, love wins, just be you. trevor burgess, ceo of c one financial, the first publically gay ceo of a publicly listed program. your reaction to the decision this morning? >> this is a fantastic day for america and fantastic day for american business. any time we can have consistent laws across the country makes it easier for business to take place. i think about my own family and what we had to go through, estate planning complex and e

there is the 15-year chart of nasdaq. fed said economy was strong enough to withstand a interest rate increase later in the year. big winners so far, want to highlight biggest winners going back on the nasdaq since the year 2000. monster, coffee thrown in there. tractor supply. gilead sciences. losers on the other end of it, we have siriusxm radio. these are just today's looks but these things, down like 100%. just way down in the last 15 years. anyway, checking markets more broadly. great day, up almost 200 points. neil is back with "coast to coast" in a moment. when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. with innovative solutions that connect machines and people... to keep your internet of things in-sync, in real-time. leaving you free to focus on what matters most. neil: a lot going on in washington today, not the least of which this trade deal they voted on approved today. that doesn't mean anything what ha

the nasdaq down by six points or .1%. it is another good day for fitbit, shares soaring in the company's nyse debut, having another good day today. perhaps a lot of people who couldn't get their hands on shares yesterday are trying to make a second go at it. that stock is up about 12%. meantime, shares of hershey, slipping after the chocolate maker cut its 2015 forecast, the company said its sales growth in china did not meet expectations. of course that stock down about %. >> before we go to break -- 3%. >> it is with great sadness we report the passing of ralph j. roberts, the founder of comcast. who built our parent company into the media giant that it is today. he is remembered foremost for the family culture that he fostered even within such a large corporation. he died at the age of 95. of natural causes. he is survived by his wife, suzanne and four children. katherine, lisa, ralph junior and brian, the current chairman and ceo of comcast. and eight grandchildren. ♪ building aircraft, the likes of which the world ha

well, that's the largest weight in the s&p and nasdaq.t's got all those biotech stocks taf done well, too. large cap tech stocks act poorly a brings us to intel and that's the one i want to focus on. i think it has the potential -- the stock is down it 14% on the year, i think it's incorporated a couple guide downs over the last two quarters, we got one in this january and april and the stock has acted okay, but now really it's down -- it's approaching a very, very key technical sport level. we have a chart right there. to me whether you like this stuff or not this has the potential to be a textbook head and shoulders took. that neckline is $30 that's the line in the sand. if they miss and guide down on july 15 when they report their q 2 this stock is breaking that way and it's probably going down towards 26. i have a very simple trade here. this this is a trade i put on a few weeks ago, but now that the stock has come back the options are about the same level i was literally just targeting that reporting date. i'm looking at the july reg

the s&p and nasdaq futures trading to the downside.he heaviest loss of three tenths of 1% as they continue to look at the twitter news coming in. $1178 down in the session a couple bucks this morning. turning to sports this morning an exciting night. nba finals now a best-of-three series as golden state tied it up with a 13 to 82 win over cleveland. seth curry had 22 points as golden state avoided losing streak of the season. the warriors land off nine straight points in the third quarter. there is a scary moment in the second order with lebron james down hard suffering a cut to his head when he had a camera. he finished the game with 20 points. in baseball the angels hit his 537th career home run and a 62 victory over the tampa bay rays. the home run ahead of mickey mantle and 16th place on the all-time list. today's play of the day. sent one into left-center field. goes all out, full extension for the diving grab there. shutout in texas seven to nothing. what a catch. investors cheering twitter ceo dick costolo -- sorry, not a sin so

the nasdaq down more than 110.we'll be right back. ♪ ♪ [ male announcer ] you wouldn't ignore signs of damage in your home. are you sure you're not ignoring them in your body? even if you're treating your crohn's disease or ulcerative colitis an occasional flare may be a sign of damaging inflammation. and if you ignore the signs, the more debilitating your symptoms could become. learn more about the role damaging inflammation may be playing in your symptoms with the expert advice tool at crohnsandcolitis.com. and then speak with your gastroenterologist. >>> breaking news out of the united states supreme court and another big ruling. moments ago the u.s. supreme court temporarily blocked texas from enforcing its strict rules for abortion clinics. texasz]rhrassed limitations on abortions which forced most clinics in that state to shut down. texas lawmakers claim the rules were designed to improve safety but of course women's rights activists claims it's really designed to make it harder to get an abortion. the united

helping to lift the nasdaq.asbro trading at a record and papa john's pizza, all of them at records. i want to point out another nasdaq stock that has had an impressive today performance and that is trip advisor. it is gaining once again. marriott will be participating booking trading, so the shares have been gaining on that. scarlet: thank you so much. mark: let's take a look at some of the top stories crossing the bloomberg terminal at this hour. raise is in talks to money at a valuation of $24 billion according to a person familiar with the matter. that would make the home sharing startup one of the most valuable private companies. it's almost four times what it was two years ago. berkshire hathaway is increasing its stake in heinz to about 52.5%. this comes ahead of their merger with kraft foods. buffett was able to add a 5% stake as part of the deal two years ago when berkshire and 3g capital took heinz private. that addedchain super size to americans -- to the american vocabulary is downsizing. mcdonald's i

nasdaq better than 1 1/3 percent.> it's a great monday morning. >> what do you think is driving the market action? obviously there's greece, puerto rico, china, but the sense we haven't seen a pullback in the u.s. in quite some time. >> we've almost been waiting for this. generally when the market gets topee, which i felt it was, you need a catalyst to get it going. we're only down 200 points. if it was a true cataclysm like some people have been saying this market would be down a lot more. >> when you think about what's happening to the financials specifically, looking at the european financials, across the board down 4%, 5%. there does seem to be some knee jerk reaction to the contagion. jpmorgan, goldman, visa pulling the averages down here. do you think that's a knee jerk reaction or a fear? >> i think more of a fear than a knee-jerk reaction. these banking companies are very well situated for contingencies like this. i think there will be some effect on them but i think it's a nonevent. that's what people have to

nasdaq down 2.4%. the crisis in greece part of a larger problem.nd fed seepingly moving in opposite directions. here with more is our cnbc contributor from "the washington post." great to see you. you think there should be more coordination between central banks here? >> certainly with the bank of international settlement said there should be more coordination for this reason. we are seeing this situation where the fed has been trying to raise rates. trying to signal it would like to get started on the process of lift-off. it pushes that time period off because of the stronger dollar. they might have to increase qe to take care of the developing greece situation. at the same time the fed is saying we are ready to start raising rates and might have to push it back further. they thought they could start raising rates early as june. >> we think financial crisis. has it gotten that severe? you cover the fed. i'm surprised to hear you say the fed should be more coordinated. you think they should wait and push out an interest rate increase, even though t

nasdaq is trading at a new record.s have rose after a high of the new session, and greece's creditors were talking about extending its deadline, its repayment deadline, to september. so we saw the stocks take a bit of a leg up on that. that is the report we are working on and we are trying to figure a whether indeed that is the -- whether that is in deed the case. stocks happened yesterday after hearing that the fed is going to be gentle, gradual with its three -- with its increases. and we looked at the increase of the last rate cycles, and we found that stocks rose by about 3.8% in the three months before the fed began raising rates. so you are looking at the five prior examples of that. -- '86, '88,004 '94, 2004, and 2008. so what happens after the fed raises rates? so good. not look we saw a poll backs and that's when stocks actually start going up. elsewhere in the market, we are seeing some a stocks fall as others rise, which is not surprising. there is a concern of a three-day decline in the vix. and you can see

dagen: you brought a profitability of the nasdaq. of the hundred against nasdaq company said net profits. to date it is at least 90 of not more than they paid dividends. the internet is absolutely mainstream. you can't forget we cannot live without mobile devices. it is a different era. >> so excited about stock valuations. maria: we are all geeks. if the company gaining momentum or gaining momentum or are we stuck in a sluggish rat. chief economist at moody's analytics coming up. we will be back in a minute. maria: welcome back, everybody. happy friday. yesterday the nasdaq hitting an all-time high and seen a continuation this morning despite the fact we remained seeing uncertainty around greece. they called an emergency meeting for monday for greece in euro zone leaders. the markets in europe are higher right now and indications for a higher opening for the u.s. joining me right now is set to come the chief economist at moody's analytics. welcome. >> good morning. maria: at the last time you were with us on inside you are quite opt

live from the nasdaq marketsite overlooking new york's times square. i'm sarah eisen in for melissa lee. traders on the desk tim seymour, steve grasso brian kelly, and guy adami. tonight on "fast," china in bear market territory. now morgan stanley saying do not buy the dip. we'll tell you what it could mean for stocks here. plus good things come in small packages. why a few small cap stock picks could mean big gains for your portfolio. the names we're watching in the second half playbook. but first to the tech wreck that was the nasdaq. the index closing down the week. three-day losing streak finish the week. the culprit micron after today's brutal report. could this be a sign for more pain ahead? there's quite a spillover. >> it's not a positive sign. i don't think you can equate it out to tech in general but for the chips let's talk about them real quick. micron obviously the leading culprit here. traded seven, eighttimes normal volume. about 150 million shares today. down huge. probably the biggest one we've seen in micron in quite some time. how d

the nasdaq and russell surging to records.ns across the board with the major averages ending up about a percent. the dow climbing is 80 points, exactly 1% -- is 80. all blue-chips in the green. nike, jpmorgan, hitting new highs. strength on wall street coming despite a warning from the ecb about greece. reuters warning that greek banks may not be able to open on monday as consumers are taking out their funds. we're just learning that the ecb will hold a conference call, this is tomorrow, on friday, about extending emergency liquidity to those greek banks in such trouble. melissa? melissa: can't get no satisfaction. americans losing confidence in virtually every u.s. institution. this is according to new data from gallup. katie pavlich, scott martin and matt welch are back. katie, would it shock you to know only 8% of americans are have confidence in congress? i think that is a high number all they way down from before. historical average is 24. >> i think there is another study that shows congress is below cockroaches in terms

s&p, nasdaq, higher.some pretty flat markets as we await this major decision on what is going to happen with greece's debt. looking at european markets, weakness overseas with the cac in france down nearly a full percent. weakness across the board. over in asia watching markets weak there as well. all to the downside. >>> walmart looking to crack down on theft. nicole what is going on at walmart? there seems to be continue all problem for the retailer? >> this is front and center are on walmart's docket right away. maybe more than sticky fingers problem. reuters is reporting that the head of the retailer's u.s. operations says that he is added theft and other forms of unknown shrink to a list of urgent items. he says that the problem typically represents 1% for any retailer's sales. so revenues at walmart totaled about $300 million in the past fiscal year. he says that the unknown shrink could stem from mistakes in inventory record-keeping, maybe stealing by customers or employees. the goal is to trim thi

the nasdaq marginally in the red in what has been quite frankly a historic week for the nasdaq.itive territory. it is 2:25 eeshastern and the oil markets are about to close. >> a lot of reasons that oil is a little bit lower right now. one of them would be the seasonal summer driving season. traders changing their tune on that one. we'll discuss that. >>> also what's coming out of saudi arabia to push us a little bit lower today. >>> all that coming up on "power lunch." can it make a dentist appointment when my teeth are ready? ♪ ♪ can it tell the doctor how long you have to wear this thing? ♪ ♪ can it tell the flight attendant to please not wake me this time? ♪ ♪ the answer is yes, it can. so, the question your customers are really asking is can your business deliver? if you're running a business legalzoom has your back. over the last 10 years we've helped one million business owners get started. visit legalzoom today for the legal help you need to start and run your business. legalzoom. legal help is here. >>> hello, everyone. i'm sue herera. here's your cnbc news update this

the nasdaq is the least negative. it's barely down at this point but we'll see where things shape up as we get further into this trading day. here's a look at what's happening in europe. the cac is france is down. the ftse is london is down by .9% and the big questions swirl about what will happen. if a deal is going to be reached it will need to be reached by this weekend because there's all kinds of things about what will happen before the markets open on monday. this is a story we have been talking about for quite awhile. >> you know we had five straight fridays where the market here is down. i don't know if that's because it seems to kick over into the weekend or not. it's hard to see how you get much more than a relief bounce if you get a deal at this point. the market hasn't suffered that much going into it but we're conditioned to think that deadlines aren't really deadlines. so i don't know when that is. >> right. so we'll see. let's take another quick look at what happened in asia overnight. you can see that

here's a look at the nasdaq 100 today. a lot of names in the green as the index up about a quarter of 1%. we're looking at the 100, not the broader index flirting at all-time highs. some of the outperformers include some of those social media names. facebook up 2.5%. groupon up nearly 3. linkedin having a 4.5% session, bill, and even twitter popping by almost 2 on that news. by the way facebook shares are higher on news it's going to start putting more ads on instagram. the photo sharing app already has sponsored posts from select companies on its feed. now it wants to open that option to all advertisers. >> we're hearing this trend more and more now. plus, it's now planning to add the so-called action-oriented buttons, including shop now, sign up and install now, below those sponsored photos. that's something shareholders might be happy about, because of the revenue stream but will it turn users away? joining us is ronald josie from j.p. securities, who has a buy rating on facebook. what do you think? i mean is it inevita

the nasdaq is down as well. kind of an energy geek as melissa likes to say, oil falling again down to $58.06. at one point a barrel of crude oil was at $57.83. oil can't seem to get out of its own way after it gained a couple of months ago. kind of stuck in this same position. that's it. "closing bell" will dutifully take it over from here. melissa on "fast money," can't wait until 5:00. >> are we in a recession. after this quick break. when a rewards card is designed to sync with your life it gets talked about... ♪ ♪ ♪ so you can live the way you live, and enjoy all the rewards. chase sapphire preferred. so you can. if you're running a business legalzoom has your back. over the last 10 years we've helped one million business owners get started. visit legalzoom today for the legal help you need to start and run your business. legalzoom. legal help is here. >>> hi and welcome to the "closing bell," everybody. i'm kelly evans here at the new york stock exchange. >> i'm bill griffeth. boy, this has turned out to be

nasdaq off 14 points. >> deep red in china. shanghai stocks posting one of their worse weeks since the financial crisis. a former china bull turned bear. >> can all-day breakfast juice up mcdonald's sales in stocks? leave early go roam sleep in sleep out star gaze dream big wander more care less beat sunrise chase sunset do it all. on us. get your first month's payment plus five years wear and tear coverage. make the most of summer... with volvo. >>> minus signs with 45 minutes left. clearing selling pressures as we head to the close and expiration time. dow down 94 points off the lows of the session. s&p down nine. the nasdaq down 14 after hitting that all-time high yesterday. one stock to highlight is a gopro supplier which is down almost 6%. short selling firm citron research called the share price ridiculous. they assigned a 12-month price target of $60. today it's just under $120. they are looking to have the stock cut in half. >> anybody can read their case. nothing is ever that simple. while they are in the gopro cameras

industrials and nasdaq up about two thirds of a percent. its biggested for decline amid speculation the greek debt talks will yield results. gold is trading down 1.4% at this hour. and crude oil is down for a second day, concerns of a supply boost from iran will add to a global glut. a quick check on bond markets. a bit of a sell off with the risk on trade happening around the world. the 10-year yield at 2.36%. markets, we have .een a stronger euro against the dollar. the dollar stronger as well as rid. some of the top stories. ending this download over greek aid. the prime minister offered a new plan that would raise taxes and and early retirement options. the offer came hours before european leaders arrived for an emergency summit. the head of the finance ministers group sets it is not per to need to get a deal for this week. -- says it is an opportunity to get a deal this week. need to see whether it adds up in physical terms, whether the reforms are comprehensive enough for the economic recovery to take off again. betty: hans nichols sp

&p 500 up about four points, 2000 61 and the dow jones up 1/10 of 1% at 17,006 hundred 17 and the nasdaq gaining .05 -- .5 of 1% up to 4980. at theet's take a look

also nasdaq looking to make more history by setting some new record highs. s&p is out saying their assumption is not only does greece stave off default and it might be thursday. >> merkel was really sweet yesterday, nice, whatever you want to call it. honestly i heard the translation. i still don't understand german as well as i should, but i think that it is without a doubt that now it's going to be about whether the negotiations can carry the legislators in athens. you know that any deal was supposed to not be made.

nasdaq really being pulled down -- in loss and share shares of apple. trading down one quarter of a percentage point lower good the dow is trading slightly higher as is the s&p. the dow at 17,790. over in the oil markets, you can last weeke learned that opec and saudi arabia and the other nations are not going to cut production. oil prices really dropped. they are rebounding slightly here. my max -- nymex is up 3%. and brent is up over 3%. pimm: let us look at the bond markets. a little bit of a selloff with deals moving higher. point 14ar over three -- 3.14. a big selloff in bonds also in

and the nasdaq is within striking distance now of its all-time high. >> while stocks are surging today, there's actually been a bear market happening in 20% of the names in the s&p 500. we'll bring you the details on those whether the investors should be worried and see opportunity coming up. >>> oil, meanwhile, a major catalyst behind today's big moves. crude prices pumping higher and fueling a big rally in energy stocks. energy stocks are higher today, something we haven't seen lately. we will speak to the number one rated airline analyst on wall street. jpmorgan's jamie baker about why he still has overweight ratings at these levels. >>> and then it's our trump card. ivanka, that is, rising rates are becoming a reality. what impact that could have across the real estate market. and maybe she'll give us insight into whether her father donald trump is going to run for

the nasdaq could be up.e bit of excitement as we head into the last few minutes of the session. dow, the nasdaq has been the clear leader throughout the day. overall we had this rebound from yesterday. decent amount of volatility on the greek headlines and speaking of volatility, take a look at the vix. it has been volatile. we were talking about the has picked upch recently. we can see that today. even as thevix is down -- as the vix is down. we are seeing the highest level we have seen since february of a reading of about 18.5. is the best five-day performance for the volatility index this year. we have finally seen this return to volatility traders have been calling for. a look att to take individual movers, some of the biggest throughout the session. pantair is one of them. 7.2% stake in the company. you can see there is a lot of speculation, could it be itt or flowserve? perhaps so. we are seeing movement on m&a front. near merger here. 51% of the combined company is how much the shareholders will own.

nasdaq trading at 5100, and the s&p inching along. pimm: big move in bank stocks today. betty: that's right. in the oil market, a little bit of -- actually, quite a bit of a decline in brent crude. nymex also trending lower as well. look at whatake a is going on on the fixed income markets. the 30-year yield climbing above 3%. the 10-year, 2.35% for the 10-year u.s. government bond. let's finally take a look at treasuries -- rather, the currency market and see the strength of the euro versus the dollar. $1.12 79.ncreasing -- the dollar also losing ground against the pounds hurling. let's get right to some of the

nasdaq down. will the weekend with a whimper? we'll find out with "closing bell" which starts right now. >>> hi everybody, happy friday. welcome to "closing bell." i'm coaly evans at the new york stock exchange. >> scott wapner in for bill griffith. stocks struggling into the last hour of this trading week. new data shows emerging market funds having the biggest outflows since 2008. we'll discuss how to position your portfolio before next week's key fed meeting. >> eli lilly shares pulling back today after excitement over its alzheimer drug set the stock into rally mode. lilly shares down about 3%. >> just breaking in the last hour, youtube launching a new gaming app. we'll bring you the details how this could help google take on amazon. >> a move to the down side after yesterday's gains. today we have ron weiner and rick santelli. welcome to all of you. kenny, let me begin with you. what are traders saying why we are seeing the dow down 167 points? >> i don't think anyone is surprised. the move wednesday, that explosive move up

dow, s&p and nasdaq futures in the green. i am sandra smith joined by lauren simonetti and nicole petallides. welcome to "fbn:am," your first look at today's markets in the latest breaking news and what to expect if they had. lauren, you are focused on the federal reserve as is the world. nicole: when did they think they will raise interest rates? sandra: also, you are watching the battle with the fed. sandra: that is right. maria bartiromo has an exclusive on this. pushing back on the too big to fail designation. more on that in a minute. meanwhile in texas as remnants