with the dow down 516, nasdaq down 184.ral investigators now have the black box from the 737 jet that skid into a river in florida, forcing passengers to evacuate. details on the latest incident involving a boeing aircraft. and our very own liz klaman is in nebraska with warren buffet and they get a surprise visit from a tech titan. who it is coming up on "fbn: a.m." ♪ that's what i want. ♪ that's what i want. ♪ that's what i want. ♪ -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. who wanted to get away who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. ♪ mmm, exactly!ug liberty mutual customizes your car insurance, so you only pay for what you need. nice! but uh, what's up with your partner? oh! we just spend all day telling everyone how we customize car insur

the nasdaq down 276.u look at the dow, you've got caterpillar, some of the heavy industry names here that do matter to your area in michigan. whether it's the auto industry or what we're talking about in farming, what are you hearing from your constituents about the tariffs? what are they saying? >> well, i think they are sort of two minds. i think most people do want us to take on china. that's why my conclusion is right to -- liz: where's the tipping point? where's the breaking point where they say okay, no more? >> i think we are hitting the wrong target and that's the problem. what's happening is the retaliatory tariffs are disproportionately hitting my growers, for example. these are folks who are really suffering. i think the thing that maybe the president hasn't fully contemplated is that for a lot of folks it's not just a matter of sort of getting through this period and then when we get this issue resolved, everybody goes back to where they were. the growers i represent operate on really thin mar

nasdaq.ewrite tomorrow. today, life-changing technology from abbott is helping hunt them down at their source. because the faster we can identify new viruses, the faster we can get to stopping them. the most personal technology, is technology with the power to change your life. life. to the fullest. >>> welcome back to "the closing bell." the s&p 500 is creeping closer to another record all-time closing high 2944.5 is where we stand it needs to be up about a point and a half more for a record all-time closing high. up 0.9%. dow up 0.8%. nasdaq up 1 1/2% all the sectors in agreement >>> sunday is cinco de mayo which kicks off beer selling season for corona maker constellation brands constellation shares up almost 18% since just last month. joining us to discuss, bill n newland, the ceo of constellation brands and our new york stock exchange, closing bell ringer for the day. nice to see you. >> thank you nice to be here. >> mariachis following >> anytime now >> let's talk about your beer busine

nasdaq. rewrite tomorrow. like.., so you can easily lock your credit card when its maximum limit differs from its vertical limit. and clover flex, for when you need to take credit cards when no one carries cash. or requesting a call to help get a new credit card- one that hasn't followed the family goldfish. pnc - make today the day. >>> well, they say sell and go away but this is crazy after the first day sell-off may 1 and now may 2, another 229 points. the s&p looks to revisit 2,900 for the first time in about a week and a half. looking for hard catalysts you can't ignore oil down $2.28. that has an impact. >> yes, we did see crude take a leg lower right around the same time stocks took a leg lower energy stocks are the worst performing sector in the s&p now. >> one thing that's not lower i would like to point out is qualcomm after earnings last night, the after-hours action it was down because of guidance but qualcomm clarified there's weakness in china they're seeing i think some people assumed apple's royalty p

same for the nasdaq. best three-day win streak for stocks in several months >> s&p flat for the week as a whole. we've got a big show including our "closing bell" news maker verizon ceo hans vesterberg will weigh in on huawei, 5g and more. it's our week-long series featuring five top fund managers and we've got david ellison from hennessey. three stocks he is watching into the close coming up. >>> first up, though, president trump laying out his immigration plan let's go to eamon javers at the white house with what we've learned so far >> the president just wrapped a speech in the rose garden a few moments ago in which he laid out his plan for legal immigration into this country, saying that we need the move, the pull of immigration applicants up the income and education chain to accept people who score points on an immigration test based on their achievements in english proficiency, also their achievements in career goals and the possibility of having a job offer here in the country. the idea, he says, i

nasdaq. the russell and the dow. the s&p down just short of 2% in points terms for the dow we are down 550 points. briefly about ten minutes ago we were down over 600 down 607 points at the low of the session. >> worst day for stocks since january. take a look at who's feeling the pain most. all 11 s&p 500 sectors are in the red right now. you're really seeing 2% declines from technology, information technology, industrials, health care, materials. i mean, really sharp declines in some of the industry groups. financials, wilfred, getting beaten down 1398%. >> but you'd say the other point is it's very broad only one sector knocked down more than one full percent the vix also spiking up five or six points today alone. >> let's get right to it what's driving the sell-off? bob pisani at the nyse frank holland at the nasdaq. matty desner, portfolio manager at jpmorgan. aaron brown, pimco's performing manager and managing director. bob, first to you here on the floor. >> sara, you made a very good

by the way, so is the nasdaq, now up 124 points. nasdaq 8161.r it needs to hit a record. dow jones up 205. the dow, nasdaq, s&p, the dow is slightly below positive for the week. s&p is up. same with the nasdaq. >>> pioneer attitude of omaha's founders is proudly on display throughout the entire city. there are a series of sculptures all over the place we should tell, but that tell the story of omaha settlers. this mark is largest collection of berkshire hathaway annual shareholders meeting here. we're looking at beautiful scenics here. it is important to tell you tomorrow, go on facebook.com slash fox business or facebook.com/lizclaman, starting pretty early i have will do all kinds of hits. park it there. we'll pop up here and there all week long. specifically tomorrow, that is when the shareholder meeting is, warren buffett, the third richest man in the world, vice-chair charlie monger i guarranty will break news all over the place. long time berkshire hathaway shareholder mario gabelli is with us. i will not go with berkshire because cbs and

you can't look at the nasdaq just today without yesterday. we saw a devastating day for the nasdaq, the worst in more than five years for u.s. tech heavy index. worth putting those together. that is the u.s. session, some hours away. the ftse 100 futures suggest more upside at the start of trade and this is what we've got on the gmm. we are depleted because markets in asia are closed, but we had the australian market trading and that was showing signs of life. risk on move coming through from the equity market session in australia. in new zealand, the dollar is down by .4%. the labor market data out of new zealand, disappointing. adding to another reason for global central banks to turn more dovish because new zealand is a central bank that asks people questions. better data out of south korea. the won is going higher. wti crude, down 1%. brent crude, down .7%. he put this in the headlines because it is interesting to see the market focus on the stockpile that and not the supply concerns around venezuela. that has been something in the past t

dow down 183, s&p down 20 and a quarter, nasdaq down 62. and uber, they have been protesting across the country, just as uber's getting ready to go public. the are the protests going to knock the wind out of uber's sails or a take the air out of the tires. and why the president says the dems are basically handing him the 2020 election. you're watching "fbn: a.m.." ♪ born in the usa. ♪ i was born in the usa. ♪ i was born in the usa. of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. run with us in the unstoppable john deere gator xuv835, because when others take rain checks... we take the wheel. run with us. search "john deere gator" for more. run with us. dear tech, let's talk. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how do we bake security into everything we do? we need tech that helps people understand each other. that understa

the nasdaq also losing the most ground since december.ve the bloomberg commodity index down .4%, heavily weighted toward oil. they have also taken a hit on demand concerns but it is not just that. soybeans, corn prices falling because of these tariff retaliations coming from china. amanda: really interesting to see the u.s. indices hitting close to the lows of the session at midday. elsewhere in the world, we saw weakness out there, including in toronto. you are not seeing the momentum selloff that you see in u.s. markets today. u.s. stocks losing 1.5 trillion in value in the past month. nikkei, down, the days, but not a massive selloff. maybe as investors price in specifically what these tariffs might mean. wa that, we have luke ca with us. it seems as if we are starting to see -- to me it seems more sensible to say that some stocks will be badly hit. in theot every world will be hurt. >> i think that's right. if you are going to title today, the day that the u.s. started to believe the trade war would lead to a selloff. today is the day

s&p and nasdaq are off a similar percent. stocks tumbling in china as well with the shenzhen composite, effectively the chinese nasdaq down over 7% as president trump threatens to raise tariffs on current tariffs and implement new tariffs on $300 billion worth of chinese good in china they threaten to walk away from talks. much more on that all day long on cnbc. that is not the only news today. also potentially pressuring dow futures. boeing shares are down 3% in the free market. that's on reports that the aircraft maker did not tell u.s. regulators about a disabled safety alert on the 737 max for more than a year boeing in a statement saying that the alert was inadvertently made optional instead of standard but added it was not critical safety data as we know, boeing shares down nearly 3%. at 365 a share, if boeing moves down, that will pressure the dow which is a price weighted index. also happening this morning, the battle for anadarka petroleum just took another leg higher occidental petroleum raising the cash portion by

abigail: the s&p 500 and the nasdaq both opened lower. 1%,s&p 500 now up 3/10 of the nasdaq up 7/10 of this has everything to do with the headline about president trump, said to delay auto months.for europe six all of this ahead of the headline the shanghai composite having an update, up 1.9%. at ourlso take a look next board, we see that the nasdaq futures tells the story of volatility. overnight slightly higher, and on the open down, reversing that loss now, up 8/10 of 1%. reversey we had a big on last week's selloff. let's take a look at the automakers on that tariff headline. we have a nice rally for not just the automakers here in the u.s., but certainly the european automakers. fiat chrysler, daimler, and bmw all higher. let's take a look at beyond meet. we have a spike -- beyond meat, 10% as a spike up about they will expand about 20,000 stores. they are now up about 250% on an ipo. really pretty amazing. guy: thank you very much. abigail doolittle on the markets. bank,barrow of standard head of g10 research and economics, is still with us. let's talk about what is happening wit

nasdaq. kayla tausche's in washington with the latest on trade mike santoli with the market dashboard. david faber with details on a big media deal today and our guest host for the hour, sarat sefi from douglas c. lane and associates >> we're covering the news stories of the day till raye earnings on deck reaction from ceo brendan kennedy before he jumps on the conference call. and it's day two of our story. a five star fund manager tells us three moves to make before the close. and don't miss our interview with hedge fund legend mike novogratz. his take on the bitcoin boom and the market comeback also >> let's begin right there with the market rebound bob pisani on the floor. >> yesterday everything was down it% to 3%, didn't matter what you were in. today a little more differentiation. trade-related names, particularly industrial names, your boeings, your cattar pilar, your 3ms, dow du pont all higher 52-week lows yesterday a lot of damage has been done. your johnson & johnson, procter & ga

the nasdaq is the leading laggard.st-performing group are telecoms, that may be on cisco which is among the stocks lower. apple down 5.3%. a huge drag. this all after china said it was going to raise tariffs on $60 billion worth of u.s. goods, outlining thousands of goods which will see a tariff increase june 1. it will no doubt hurt apple. time for our stock of the hour. the second day of trading and second day of pain for uber. shares of the ride-hailing company down more than 9% after falling nearly 8% and its -- in its debut friday. kailey leinz is here with more. kailey: terrible timing for uber to go public. risk offroader sentiment, but part is serious questions about the viability of profit for the company. the business is profitable right now. a loss of $3 billion. they will have to continue to spend on subsidies. that is all as the ride-hailing business is slowing down in the first quarter. it is expected the total revenue from rides for uber is going to fall about 1% sequentially. that business is slowing do

the nasdaq, down by 202 points. 2.5% for the nasdaq.ardest on exposure to china. >>> up next, we talk about china. the trade war could be inching closer to costing you more when you go to the store. we are going to tell you exactly which goods imported from across the sea could see price increases if president trump gives the thumbs up to new tariffs on friday morning. that is next. and tune in tomorrow. liz claman is back and reporting live from las vegas at the salt conference. she has a great lineup over the next two days for you. sam zell, mike novogratz, tim draper, so many more. that starts tomorrow, same time, 3:00 p.m. eastern. more "countdown" coming back after this. morning. what are you doing? isn't it obvious? nah. we're delivering live market coverage and offering expert analysis completely free. we're helping you make sense of the markets without cable or a subscription from anywhere you are. i get that. but what are you doing here? nice pajamas. really? i say pajamas. pajamas, pajamas, whichever. good. yahoo finance live.

it is the biggest weight on the s&p 500 and the nasdaq. if you look at the dow, only boeing is a bigger laggard there. apple and its suppliers getting crushed on this trade news. morgan stanley saying the current round of tariffs could increase the cost of an iphone by $160. that is if apple passes on the costs to its customers. news out of the supreme court. with ars can press ahead lawsuit that accuses apple of using its market dominance to artificially inflate prices in its app store. that is why we are seeing apple down more than 5%. david: before the day began we expect the trade issue. we do not expect the supreme court decision, which was not pleasant for them. let's turn to the brief. on the previous shawn donnan on the escalating u.s. china trade dispute, michael mckee on a new candidate for the fed, and bill fairies. not moving to the markets what i moving to you on trade. there is only one way to -- shawn: there is only one way to put it. what we are seeing is yesterday in the trade wars everyone was worried would be happening.

i we're live at the nasdaq market site.long with joe kernan and melissa lee. becky quick off today. our guest host today is shark tank's kevin o'liarier, mr. wonderful. waking us all up this morning. good morning >> great to be sheer >> you've added an accessory, we see.

what we know is one has more data so the nasdaq overshoots, the nasdaq undershoots, and overshoots but the trajectory is the same straight down and straight up. and guy is talking about the prospect of an important double top, back to a difficult level let's look at a few things gapping, it's very rare to gap, meaning an index has so much news overnight, a tweet or war or it could be anything, swine flu, gaps down and up. there have been a total of 79 times in the past year it gapped up or gapped down. let's look at the levels it's a good reference point. march 12th gap is still in play at 27.84 march is heth, 2744 and now february 12th, 2718. from the peak of 2954 to we're going to fill that final gap, we would have sell-off of about 8%. we know we're down to five now really shows that's not a whole lot. that would just be the beginning and then we will get to the levels guy said. in any event, here are those levels what we know is the odds -- again, there were lines all along through here, all of these gaps, they've all been filled. these are the only three unremaining gaps that are

down over 2% for the you nasdaq. the russell and the dow. terms for the dow we are down 550 points. briefly about ten minutes ago we were down over 600 down 607 points at the low of the session. >> worst day for stocks since january. take a look at who's feeling the pain most. all 11 s&p 500 sectors are in the red right now.yo

the nasdaq up by 63.l street is kicking off a new month with stocks sitting right at record highs, and that's got many investors asking does this really still have legs brian sullivan sat down with city's global head of debt capital markets. he asked what he thinks. >> pleased to be joined at the milken global conference by the new global head of debt capital markets at citi. is there anything you are seeing that scares the heck out of you from a credit perspective? >> sure, solo. in the immediate term, no. there's so many head winds in terms of global growth, you have to be worried about a slowdown and what that's going to mean in terms of corporate credit over time, right? you have european economy that's very, very -- growing very slowly a k. countries basically in recession. that's going to have an impact on our corporate credits at this some point that's going to cause a default rate to spike. it's going to cause somebut of a dislocation in the capital -- debt capital markets >> we're seeing higher d

s&p down 28 and-a-half, nasdaq, 99. back here at home, people across missouri are taking shelter as violent tornadoes tear across the state. first responders are going door-to-door in jefferson city, missouri right now. is there any relief in sight? we're going to bring in janice dean, coming up next. ♪ thanks for the ride-along, captain! i've never been in one of these before, even though geico has been- ohhh. ooh ohh here we go, here we go. you got cut off there, what were you saying? oooo. oh no no. maybe that geico has been proudly serving the military for over 75 years? is that what you wanted to say? mhmmm. i have to say, you seemed a lot chattier on tv. geico. proudly serving the military for over 75 years. you ok back there, buddy? ashley: people across the midwest on high alert right now as violent storms move across the region. cheryl: let's bring in senior meteorologist janice dean live in the fox weather center. it's been a rough night, janice. janice: yes, we have deaths reported with several tornadoes acro

the nasdaq and the russell down more than 1% nasdaq just shy of that.ntdown in just a moment and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. don't get mad. feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. here'sshow me making it. like. oh! i got one. the best of amy poehler. amy, maybe we could use the voice remote to search for something that you're not in. show me parks and rec. from netflix to prime video to live tv, xfinity lets you find your favorites with the emmy award-winning x1 voice remote. show me the best of amy poehler, again. this time around... now that's simple, easy, awesom

very long term that's key nasdaq, the dow. what happened in december, not that i'm suggesting you'll get that december kind of wave of sell-off rallied so much in anticipation of a deal now look and saying, where's the deal so naturally it's going to reprice. >> yes. >> i don't necessarily think that's a complete negative by any stretch. i think it will give people, long-term investors, opportunity to jump back in on some of these names unduly that were punished. >> mike, everyone watching for the fed again? kenny brought up a december reference. a good one awful fourth quarter, then a great first quarter for growth second quarter is okay >> yeah. >> trying to figure how much emphasis to place on the financial markets and the messages they're sending and back then i guess powell took three rate hikes off the table making a big difference where we are now. >> without a doubt it's ambiguous now in other words yoshs think an investors should wish for the circumstances under which the fed would rush to cut rates right now. ip do t

points this morning after the nasdaq was down by about 29 points yesterday.st four sessions and you're looking at the lowest closes for the dow since may 13th the s&p yesterday closed at its lowest level since march 25th, and then the nasda

the nasdaq's on pace for its worst day of the year. bertha coombs has a look at the biggest movers bertha >> well, ground zero is really the chip stocks. chinese fears hitting tech overall. but the chips are getting hit the hardest. 9% month to date right now slipping into correction territory after hitting a new historic high just 2 1/2 weeks ago. that sell-off today on more than 2 1/2 daily volume already a lot of it centering on apple and its suppliers like nxpi and skyworth apple itself is on pace for one of the biggest volume days of the year its biggest volume day was the start of the year when it fell 9% on 91 million shares traded mylan is the day's biggest decliner here in the nasdaq. that's in health care. that is over a federal price fixing lawsuit against generic drugmakers but it's one of more than 120 new lows on the nasdaq including lyft, which is now down 32% from its ipo price. sara >> thank you, bertha so how much damage has really been done in this sell-off over the past week? mike santoli looking at the big picture.

the nasdaq off by 103.riday even after some red arrows in the morning. last week was the biggest declines we have seen from the markets in the dow, the s&p 50

for the nasdaq it's a bounce of about 57 points. what levels are you watching at this point >> let's look at it through the prism of this. these were the old highs this was the low in the nasdaq shot down here we bounced pretty aggressively, melissa, from this low all the way back up to here. that's basically a 34% bounce we've seen what. >> generated is the first fib, which is a retracement, is your 7390 level in the nasdaq you want to be cognizant of that level. we're below it right now also what we're below is the 50-day moving average, which is right there. 7499 so we're way below that at that -- at present so you want to watch this level for your first pop to rally. then if it fails, as it's been failing right here because we broke through the 50, we broke through the first layer of the fib, we're about 2% from this level. that's your 200-day moving average. that's the bear case scenario where we were back a couple of months ago you want to keep that level if mind but these are the levels you want to watch on an intraday basis.

nasdaq and indeed tech stocks az whole the biggest decline dwroirn 1.4% for the nasdaq. >> mike santoli> we've been talking about how the u.s. market is looking a little sloppy. but just look at the rest of the world. excluding the u.s. it looks like a decidedly more bearish picture. the s&p 500 hasn't gone anywhere in 16 months if you look at the all-country world index subtracting the united states, this is outside the u.s., it fevlthly hasn't gone anywhere since the beginning of 2015. this is a local currency this is not about currency effects necessarily. and it's all about 9% below where it was in january 2018 obviously we knew the u.s. was a consistent outperformer. the folks at net davis research who highlight this say it seems like a lot of stocks in the world are effectively in this sideways churning kind of bear market type activity and i guess you could spin it a couple of different ways the u.s. has been a bit of a haven, it's more expensive than the rest of the world but it's obviously more stable with a little bit better growth or you can say we're due for a relative -- ha

the dow, the nasdaq, the s&p 500 all solidly higher last month.ck it out nasdaq was the biggest gainer up by almost 5% that's the standout across the board. u.s. equity futures at this hour this morning after yesterday, you did see the dow and s&p closing higher, the nasdaq down by 66 points on the disappointing news out of alphabet the night before. there are green arrows across the board. right now the nasdaq is the big winner, up by about 61 points. dow futures up by 85 smaller gain on a percentage basis of course. the s&p 500 indicated up 10 points above fair value. >>> major asian and european markets are close today for the may day or labor day holiday with the exception of london's ftse which is open, down by under 2 points right now for the ftse also treasury yields, if you want to take a look at what's been happening in the united states markets are hovering back at 2.5%, barely for the 10-year note crude oil prices, take a look and you'll see now that crude oil, wti, down by about .75 percentage points. a decline of 50 cents to 63.41 >>>

>> just holding onto it, i guess -- >> 50% >> november, yeah, the nasdaq -- >> nasdaq, okay. >> well,, i'm just trying to figure out what we're talking about. >> is it 48% 45%? >> it's a lot. the gains are significant -- >> i guess it really hurts you that it did that -- >> no, i just feel like we're rounding up all the time i don't know what -- >> what's the nasdaq since the election >> i agree, the nasdaq's 100% -- >> okay. >> 100% -- >> you'd rather have 47.5% -- >> no, i wouldn't rather have anything i'm just trying to figure out where we're going to gauge ourselves -- >> it's up a lot if we could just stay where we are, that's the actual -- >> exactly the market doesn't kind of owe you anything from here it's performed really well it's coming off a level that has priced in generously very good profits and a good economic situation. so i don't think that you look at it and say, uh-oh, we're deficient here on the other hand, we haven't decisively gotten escape velocity ahead of where we were trading in december or january so, we're kind of consolidating some very strong gains i thi

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the nasdaq down 1.2 percent, primarily on chipmakers. this blacklist is expanding now that most american companies have stopped buying huawei. the dow down 3/10 of 1%. this is bloomberg. ♪ ♪ vonnie: from new york, i'm vonnie quinn. guy: in london, i'm guy johnson. this is the european close on "bloomberg markets." vonnie: global markets are in a down day this monday. abigail doolittle has the details. abigail: we will be looking at one area of strength, but we do see declines for the major averages in the u.s. the dow down about 4/10 of 1% off its lows, and the nasdaq down 1.2%. this have to do with technology falling. we also have declines in europe. asset -- from a cross asset standpoint, the bund is trading lower by two basis points. really remarkable that investors are paying the german government to hold their money. overall risk off, but on the day, not risk off, as those bunds try to little lower. our markets producer, who pointed out that last week was the best week for corn since july 2015, up 10.2%. not so much to do with trade

the nasdaq up 16% in 2009. may be the beginning of the -- certainly seem to have cooled off just a bit. now, inside the market perhaps the most important economic indicator right now is the semi-conductors. the smh etf fell about 4% yesterday. it's up about three-quarters of 1% today no group of companies seen this as being directly exposed to china trade. maybe as semiconductors. of course, most remain in china, and they're also imported to the united states. you got to watch smh that is not shaking my head. that is the semiconductor etf. a chop not a top. that is how fund tom lee sees the strategy right now he thinks the s&p 500 had go up by another nearly 10%. he joins us on set of worldwide exchange thanks for joining us. >> your target still 3,100 about 9% >> correct i think that we -- once we get visibility, pe expansion is, i think, really in play because we've had a pretty solid rally that hasn't given up its gains this year, and we have the fed really accommodative, and i think we are seeing sort of ex

the nasdaq added 6 and the s&p was up 10. nasdaq and the s&p suffered their biggest weekly declines of the year so far. bob pisani has more on all of the day's downs and ups. >> wall street went on another wild ride today with the d sinking more than 350 points at its lows as the white house followed through with its threat raise tariffs on $200 billion in chinese goods. all three major averages closed out one of the worst weeks of the year down 2% across the board, but stocks managed to end well off session lows, basical d flating the day. so what exactly is keeping the market afloat? the refusal to believe that there is going to be a long trade war that will be ruinous foh sides and the market has consistently chose to cling on to hopes that the tde deal will get done eventually and they did it again today rallying after treasury secretary steve mnuchin that ongoing talks were constr and they took another leg higher on a single tweet from the editor of a chinese news outlet saying trade talk his not broken down and the two

nasdaq giving up 74. james comey lashing out in a new op ed over allegations of treason as we're now getting a glimpse as to just how hillary clinton felt when he was fired. and we're inching closer to when computers take over our lives completely. they've got their eyes on everything from your pizza pie to the mona lisa. wait until you see what artificial intelligence has up its virtual sleeve, that's coming up on "fbn: a.m.." ♪ whoa, mona lisa. ♪ this is the couple who wanted to get away who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. expedia. thanks for the ride-along, captain! i've never been in one of these before, even though geico has been- ohhh. ooh ohh here we go, here we go. you got cut off there, what were you saying? oooo. oh no no. maybe that geico has been proudly serving the military for over 75 years? is that what you wanted to say? mhmmm. i have to say, you seemed a lot cha

we are live from the nasdaq market site in times square.drew ross sorkin. u.s. equity futures are indicated higher after weakness in recent sessions dow futures indicated up by 60 points after closing down by 221 points yesterday s&p futures are up by 8 points s&p yesterday was down by 19 points the nasdaq up by 25 after losing 60 points yesterday. right now you are looking at the markets off of their recor

the nasdaq off by 103.did see the markets close up on friday even after some red arrows in the morning. last week was the biggest declines we have seen from the markets in the dow, the s&p 500, the nasdaq all down more than 2% for the month of may that's the first time we're seen losses for the month of may since 2012 obviously this doesn't bode well for what we've seen later. obviously people still reassessing with what happened with the trade talks last week and what happens next. overnight in asia, the heng seng was closed for buddha's birthday if you look at what else was there, the nikkei was down by 7% shenzhen composite down by just over 1%. in europe where there is some active trading taking place now in the early hours, you're going to see a mixed picture ftse is flat you see pressure coming on all the other major markets. dax is off and cac is off. when it comes to the treasury market here in the united states, you're going to see the ten year looks like it's yielding 2.425% so not even getting cl

would be its longest such streak since 2011, three straight weeks of decline for the s&p and the nasdaq josh are we setting up for another december-like upset in the market >> i don't know that that sort of thing can be seen in advance. i certainly am not the person that would be able to and i didn't see the last one coming but i think that's important to recognize where we are it's the end of may. we're sitting on about a 9% year to date gain for the dow, 12.5% for the s&p, even europe is up 7% that is better than average. if you go back over the last 70 years, you didn't get 12.5% in most years so we're having a good year. now, i understand a lot of that is a rebound from what happened at the end of last year but this is how averages are formed we have a negative 5% year last year, we have a plus 12%, average those two numbers and that's about what an equity investor should be happy with. so, there's still a lot of year to go, but it's not quite as dire as a road to nowhere, in my view one thing i want to point out is, a diversified portfolio is working this year. take a look at the x

nasdaq futures down 76.ng market this is morning as investors continue to react to this uncertainty among between the u.s. and china and trade talks, meanwhile earnings news to talk about, disney and fox reporting after the bell last night beating earnings and revenue estimates, fox doing well in extended hours but this morning you see wallet disney down a fraction, fox better than 5% on earnings, first earnings report as stand-alone sports and news live company after doing deal with disney. joining us tedd oakley. thanks so much for joining us. i like the title there on the book. how do you stay rich in the market when you have headwinds coming at you about uncertainty on trade? >> well, i think what you have to do now is really try to find value and it's been tougher, i will tell you, the last -- this quarter particularly brought it back where we were in october which was hard for us to find value at that point. when you look for value, you are having a tougher time now and you should have probably, we had

the s&p is up 10, nasdaq up 43 this morning. ahead, as protests continue in venezuela, president trump sounding off on the tipping point that could prompt the u.s. military to get involved. and what's he up to now? ceo elon musk says he has a plan to make tesla a half a trillion dollar company. many investors and analysts call that a miracle. can he pull it off? you're watching "fbn: a.m." ♪ and i think it's going to be a long, long time. ♪ still touchdown brings me around i get to find. ♪ i'm not the man they think i am at all. ♪ oh, no, no, no, i'm a rocket man. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) lauren: to the crisis in he venezuela. in an interview, president trump laid out potential options for thunited states. >> what are your red lines in venezuela. >> i don't want to say but we have lo

the nasdaq up 1.2%. we are crawling back.e lost 700 points on the nasdaq yesterday and already back up 250 of them. ,etailers are dragging broadly with ralph lauren the worst performer. right now the index is up .75%. several digital retails are higher. this is bloomberg. ♪ vonnie: we are just getting headlines from president donald trump. he says the u.s. has a dialogue going with china. the president says there is a dialogue ongoing with china. todaysoothing markets after that majorly down day yesterday. we are seeing a bounce in markets as the president continues to make noises to the effect there is a dialogue ongoing with china. we will bring you playback from that as soon as we get it. guy: in terms of the european markets, in some ways we have seen this movie before. the president plays hardball with china and then tries to do with the market fallout from that. could be interesting to see how the market reacts. maybe the muscle memory starts to fade. european markets higher. stocks with relationships to are having a lv

nasdaq down about 18 points.p, folks. >>> chaos in venezuela is adding more worries to the oil patch at the same time that iran waivers have gotten yanked. that was today. we've got john hannah here to tell us how the global markets see these situations playing out. we'll be right back. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking

on the dow, the nasdaq, down almost 90. the nasdaq down 14 and change.ead to break, here's a look at yesterday. yesterday wasn't a whole lot of winners and losers here's friday. the cloud i need? it has to keep up with sales, supply chain, inventory - ♪ ♪ it needs to track it all, from cincinnati to singapore. ooo! ♪ ♪ and protect it all. customer records, our financials, they better be secured. but i also need easy access, to manage data across my clouds - no matter where it lives. ♪ ♪ so if an auditor shows up, i can be a step ahead. that's the cloud i want. is that to much to ask? expect more from your cloud. ibm cloud. ♪ ♪ >>> welcome back you're watching "squawk box" live from the nasdaq market site in times square. >>> good morning it is a big week ahead for your money with a lot of data coming out, like housing data, fed minutes, a number of retail earnings also durable goods this friday u.s. equity futures have finally reached triple digits. rebounded already. euro down 100. the s&p down 12 and the nasdaq, the worst of the bunch down 82 >>> let's

let's go to kate rogers at the nasdaq with some of the movers up there kate. >> right now the nasdaq is down just under about a half a percent. we were down as much as 1% and we had been pacing for the worst daily performance since march 20g9d when the index fell 2 1/2% but year to date we're still up nearly 22% so far and as you guys mentioned the russell 2000 also just recently turned positive in the last few minutes. a lot of movement today of course in the tech and semiconductor stocks on the news that president trump is increasing those tariffs on chinese goods come this friday apple today down about 1 1/2%. it was taking just under 15 points off the nasdaq 100. other tech names including amazon, microsoft, facebook and netflix also weighing heavily on that index today some of the biggest laggards today percentagewise in the nasdaq 100, amd, applied materials, microchip, micron all down between 2% and 4% today. other names in the tech and chip spaces also taking a leg lower included intel, qualcomm, and nvidia all down under 3%. just an hour ahead of the close, guys we'll be bac

. >>> "fast money" starts right now live from the nasdaq marketsite overlooking new york's times square. i'm scott wapner in tonight for melissa lee. our traders on the desk are tim seymour, karen finerman, grass op and dan nathan. trade tensions escalate, but are these trade tantrums the buying opportunity you've been waiting for? we start with the ipo everyone on wall street was waiting for that's right, uber having a wild debut opening below its $45 ipo price, closing near the lows of the day, closing below its open price down nearly 8% for the rest of the market rallied and uber did not, this has investors questioning the value of the growth trade overall and the tech-heavy nasdaq down 3% this week that was the worst week of the year dan nath aan, what do you make this >> it was nothing short of a disaster an this was a massively bungled ipo and brought from the company that bungled facebook in 2012 all day long i kept hearing people apologizing -- >> sorry, who bungled it >> it was morgan stanley do you remember the facebook deal back in 2012? i mean, you know, facebook opened, you

130 points, 1 and three quarters percent lower on the nasdaq.e. it was still the s&p a 500's worst week of the year but at the close on friday dow industrials were up 114 points. in europe this morning, as you can -- there's the chart. as you can see, the last week, european markets are lower although fq100 is down just 6 points, the cac in paris is down 31, and the jee german dax indes down 95. asia overnight, declines across the board. shanghai composite down better than 1%. hong kong was closed for a holiday as you can see. extreme weather is slamming the south this morning. heavy rains causing devastating flooding in texas, mississippi and louisiana. we have the latest. a guilty plea, felicity huffman set to make it official today in the college admissions scandal. her possible sentence could include prison time. the ultimate job for a college student, getting paid to drink beer. details on a new internship from netti light coming up this morning. our top stories this half hour, drug prices in america, now 44 states have filed a lawsuit accu

the s&p off by 28 points the nasdaq off by 101.ctor of btig the market thoughts right now, julian, is this something -- the beginnings of a deeper decline for stocks >> we think you call it sideways slower over the near-term. simply because, you know, our view the market is not pricing in enough political risk here. >> what type of political risk >> well, i think when you look at the u.s. and china trade tensions, the market seems to think that there's going to be a deal done, and we think eventually there will be the probability that it may get more tense before it gets less tense with the vix at 15 doesn't really discount any of that. >> it's a hard thing to predict the future we know this you do get paid to forecast for these things how long in your mind does a trade conflict with china take before it resolves itself? >> there's talk that it could be years, and it's a process. the conversation between presidents trump and xi, we would expect to see some progress over the summer the bigger question is where the fed will be if it

, mike, the nasdaq's on pace to break its two-day losing streak apple the best performer in the nasdaqts macbook pro, which will feature intel chips more good news for the chip sector that etf up about 2% on the day following that news. also all the fang names they're in the green with the exception of amazon. that's been pretty much flat all day. alphabet shares up on the news it can continue to do business with huawei at least until mid august huawei phones operate on the android platform pepsi the worst performer in the nasdaq 100 despite news that jetblue will switch to its products from coke t-mobile shares also down despite the news the fcc chair reportedly supports that proposed merger with sprint. jb hunt shashz also down today as part of the overall pressure on the trucking industry as part of the trade tensions. now over to bob pisani at the new york stock exchange. bob? >> thank you, frank. china movers still the marginal movers in the marketplace and all the dow movers today same story. china stocks, dow du pont. 38 at the start of the month now down to 32 but bouncing cate

on the nasdaq.orning, we are looking at bounce there as well, continuing momentum that we are seeing, ftse 100 up 56, cac quarante up 55, that's 1%, dax index in germany up 50 points, almost half percent. the uk job fell 3.8%, lowest level since early 1975 in uk, in asia overnight markets reacted to china tariff hike. onto 2020 presidential race we go, montana governor steve bullock entering crowded group of democrats running for the white house, this morning news broke half an hour ago. also anthony weiner has been released, exrepresentative leading halfway house, he must register as sex offender for a minimum of 20 years and comeback to crypto, bitcoin crisis surging, nearly doubling from the start of the year, what's behind the move coming up. first top story this half an hour, iran tensions, secretary of state mike pompeo to meet with russian president vladimir putin and sergey lavrov today in russia. the pentagon reported to deploy 120,000 troops to the middle east. president trump issuing a st

nasdaq and marking a