back to nicole petallides with those numbers. nicole? >> reporter: taking a look at the revenue and also the earnings per share. the earnings per share, a big miss, at 40 cents per share versus estimates of $1.42. don't forget the sell-off in the middle of the day, revenue 38 million. we're trying to see what the breakdown is. this earnings per share number is something we have to look at very closely. the stock is to the downside. we'll continue to follow it. melissa: interesting, scott martin and kevin kelly along with hitha herzog, research officer. scott, your reaction out of the gate. i feel the earnings miss, the pershare number, got to be something in there we don't know yet. >> there is, melissa, this happened before with amazon. the big thing to focus on here is the revenue beat where, investors should pay attention. the eps miss is huge, that's why you are seeing the reaction, what's interesting is the whole foods acquisition is interesting as far as commentary. the aws numbers, the growth is amazing but slowing. companies like

nicole petallides on the floor of the new york stock exchange. nicole, we haven't always had the dow go along, now the dow setting the pace. >> reporter: right, we haven't seen that since the 14th of july. this is great news here. you're getting not tired of winning. you're right, absolutely right now, we are to the upside. off 96 points at the closing best. record high for the dow jones industrial average. boeing, thank you, boeing, adding 112 positive dow points. that was a winner. the s&p 500, another record there, off almost 16% since election day in the nasdaq again. the nasdaq showing up how great it's done, 24% since election day. amazon new all-time high for amazon. remember when it crossed 1,000, now at 1053. up 40% this year. they want to hire another 130,000 workers and so that's going to be across the nation in august. whole foods deal, which is likely to close the second half of the year, and amazon now worth $500 billion. this is half of a trillion dollars. and whole foods, taking a look how that fares, off six cents. the vix, is eve

nicole petallides with trader tim anderson. what move you see with stocks? >> what we're watching closely are the banks with higher yields. steel stocks doing well on comments from president trump and what goes on with china, that group is doing really well. overall the fact we'll be closing at another record if we can hold on to it, liz. liz: i would think so. tim, i want to get your thoughts janet yellen the head of the fed, spoke before the senate committee. struck a dovish tone on pace of rate hikes and balance sheet slim-down should be slow, moderate, predictable. the dollar hit a seven-month low on that very calm assessment, very dollar negative. did you see any trades reflected dollar analysis, quite significancely weaker past six months? >> the financials have been laggards. that leads into tomorrow's bank earnings very well because their earnings will be pretty good. i would not be surprised to see a strong rally out of the banks tomorrow. that will probably set the tone for weekly closing highs on a number of broad in

nicole petallides on the floor of the new york stock exchange. nicole, what i love is we're not a fed-driven market anymore. we are an earning--driven market. that's the way things should be, right? >> reporter: right, earnings have done exceptionally well, we have had so far, 26% of the companies that reported about 75% of them have beat either on earnings per share and revenues. so you're right. earnings have been a boost and, in fact, our best performers in the dow jones industrial average today, one is caterpillar and number two is mcdonald's. both of which have reported some numbers. closer look at those, we did see caterpillar moving to a 52-week high today. they did well. they boosted the outlook. the revenue jump, caterpillar cinches higher 6%. mickey d's, comes in second place as the second best performer on the dow jones industrial average, up nearly 5% on the day. in fact, they had another quarterly gain, fourth quarter in a row they have done so. last but not least, that is barnes & noble. it was up 20% at one point. it's up 17%. and t

we'll be right back >> i'm nicole petallides on the floor of the new york stock exchange. jones average gaining 106 points, nasdaq up 44. well, if you feel like you missed out on snap or blue apron, it looks like we may have another blockbuster ipo in the works. roku is looking to file with its initial public offering in the next few weeks. aiming for a valuation above $1 billion. and then getting their first look at the new star wars theme park set to open in 2019. disneyland in california expected to cost a billion dollars. letting the visitors captain the millennium falcon. disney shares today have been higher. up next, the clock ticks down. liz has an all-star panel on health care and taxes so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. >> we are committed to g

let's go to nicole petallides on floor of the nyse. nicole? >> david, this is beat on top and bottom line for earnings per share and for revenue. the stock is up one 1/4%. ultimately this could move stocks to new high. chairman and chief executive noting multiple areas of strength, saying that revenue grew. what we saw was consumer spending. consumer spending was up about 8%. that accounts for 40% of revenue. he also noted the affluent consumer, particularly in that area seeing strength. last but not least, just the lending business, that broadened as well. consumer businesses here and abodied well for american express, a win across the board. back to you. david: amex up a percent after-hours. melissa. melissa: banking on tax reform. investor hope for tax cuts despite the recent struggles on health care. what happens if tax reform suffers the same fate? we have john layfield, and lindsey piegza. thanks to both of you for joining us. lindsey, what happens if we don't get that tax reform? >> this is going to be a significant problem because righ

trish: i don't know, nicole petallides, donald trump is going to take kindly to the normalization process. it's nice to have the wind at your back, the fed helping you out as they did for president obama for eight years. i'm in agreement with steve, we need to get to normalization process. we do need to start moving higher on rates. however, there is a lot of chatter about gary cohn potentially coming in and replacing janet yellen. do you think, do traders think if she is, in fact, going to move higher on rates come september that her days might be numbered? >> reporter: i don't think people are betting on a september rate hike from janet yellen, more likely by the end of the year. a great point. we know she has loved that low interest rate policy, everybody uses the word normalization, not even really raising rates, just trying to get to normal level so they could have bullets in the box in case the things go worse. so it's very interesting whether gary cohn or he really is keeping janet yellen in the loop on this one. in the meantime, everybody is maintaining optimism and looking to not

so let's go to the new york stock exchange and nicole petallides.inal i guess lap of the horse race here. >> it is exciting, right? we have intraday high, all-time record high of the dow jones industrial average and the dow jones transportation average. the dow was up 170 points. are we going to get it. here is the exact number, -- 21,529. we're only six points away from that. dupont, microsoft, home depot and ge, mcdonald's helping us bring it into the close record. let's see it. liz: we're gearing up fireworks. i swear we'll show fireworks if we break the record. stay tuned for that. >>> retailers big and small, you saw the number as amazon looks to take over the world but my next guest has a stock for your portfolio he calls amazon resistant. ab concentrated u.s. growth chief investment officer jim tierney with half a trillion under management. what is is the stock you say might resist and be stronger than amazon? ulta beauty. women like to shop for make up. like to look for different colors, fragrances, real world, in person experience not so ea

i want to bring in jim bianco, jason rotman, managing partner at lido isle advisors and nicole petallides on the floor of the new york stock exchange. nicole, market participants. are -- >> what we heard from the fed is fed communicating. that has been. >> markets not reacting in knee-jerk reaction at all. pretty much got what they wanted to hear. what was interesting how much the fed, with their language, so careful as to not miss the lead investors in the market overall. reinvestment policy could be misinterpreted. does that mean they have a less gradual approach to raising rates? that might speaking the markets. so that is what they're being so careful with, is the language in particular. it is very interesting. overall we still have the same kind of market. tech is leading. energy is under pressure and oil and gold really haven't budged too much of the moves they had prior to the fed minutes. cheryl? cheryl: jim, i was looking at the three-year treasurys. at one point hitting session lows today. three-year was a little bit of pressure overall on treasurys. nothing really dramatic, jim

nicole petallides, too pick it all apart at the new york stock exchange. hey, nicole. >> the dow is up 188 points. most of the sectors are higher. energy, financials, technology. stock market is looking pretty good. not necessarily some tech stocks which have gone to pull back. the dow hitting all-time record high, intraday. will it close at a record? you better watch for that key number. that would be 21,528 and change. energy is helped to power the dow as oil has been gaining, 46.47 the barrel. chevron, and exxon have been winners. we're seeing those lead the dow jones industrial average. losses financials which did so well last week on the ideas of bond yields on the rise, look at them again. leadership has really been the financials for whole month of june. financials were the best performing group. they're kicking off july in the same fashion. goldman sachs 3% higher. jpmorgan up 2 1/2%. looking at the dow jones transportation average, looking at the intraday there, as that too, neil has hit a record high as well. so, some records to note. netflix move

joining me with more, "wall street journal" senior reporter shelby holiday, nicole petallides, and box bow advisors managing partner ted oakley. nicole, what is reaction on the floor? how much by the way what is happening oversees also affecting what we're seeing on the street? >> i would say this morning more really right off the bat what we saw here at home with the jobs report. keen eye what is happening overseas. we got a little spooked yesterday with the north korea comments from president trump but today there was a clear picture, trish, in the futures. the minute the jobs report came in and saw stronger than expected growth in the number of jobs added, then we saw the surge. in fact we've had strength all day long. we've seen the dow turn positive for the week. now we're still hovering around the session highs. so that is some good news ultimately. trish: indeed. all right, i like this, you heard what i was saying there, shell by, about 4.4%, right? in the old days 4.4% would be really, really good. thank you, president obama, we had influx of so many part-time workers i think i

first to nicole petallides on floor of new york stock exchange. nicole, the jobs numbers, they liked them. >> abs you absolutely. you saw the board with red and green. apple leading dow jones industrial average as it closes up about 93 points, moved into positive territory on heels of better than expected job growth. that really gave a boost to the futures before we traded this morning. you saw the pop. dow finished higher and s&p 500 and what is interesting about the nasdaq, it has snapped a recent losing streak that we've seen for the nasdaq and s&p. we talked about the nasdaq. keep a keen eye on tesla, we were looking bear market territory. 20% off the june 23rd high. whether or not it would close at that level. it did not. it improved some. today up 1 1/2% out of that same zone, that correction territory. i will say there is a lot of news on tesla. that model 3 deliveries at end of the month. late but not least, samsung set to surpass apple as world's most profitable technology company. a look at apple, 144.15 for the tech stocks. melissa: nico

anthony chen chief market strategist for chase and our own nicole petallides.g and think it is kind of good. >> this is exciting. a company with price earnings ratio of 24 1/2. look year-to-date performance up 4.4%, and s&p 500 up 10%. it was virtually underperformed. you see that in organic sales and equity market performance. that tells me a little bit of a shake up will not hurt. trish: just a a reminder you knw this company. gillette, crest toothpaste and dawn dish walking detergent. they use a lot of things we use every day. nelson thinks he wan goose it up a bit more, make it more profitable. to anthony's point that is perhaps something maybe good for the overall market. it suggests that there are other opportunities where you can get more out of companies, companies in many companies trading at already at high multiples. what are you hearing down on the floor, nicole. >> he is saying what value he can bring to the board. we know for a fact that his point that the company is underperform something absolutely correct. in fact offer the last 10 years, proct

. >> i'm nicole petallides on the floor of the new york stock exchange with this fox business brief.ow jones industrial average higher. the s&p 500 and the nasdaq, the dow gaining 95. the s&p up 15, the nasdaq up 53. shares rallying after stronger than expected junes jobs report. temporary health services industry growing almost 4% annually over the past five years. and it's a good day for the homebuilders. lgi homes sector across the board after reporting a record second quarter. lenar and kb homes jumping higher. shares of tesla rebounding after jumping in the past sessions. elon musk says he's going to build the largest lithium battery system in australia. also giving an update to monday's delivery numbers saying an additional 3,500 cars are in transit to the customers. and we've got more on president trump's highly anticipated meeting with russian president vladimir putin. so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why

nicole petallides on floor of the new york stock exchange. what is fueling these new records? >> everyone is loving it, 401(k)s, iras, new records go for it. up 86 points. what fueled reports on retail sales and inflation. it said the fed may or may not raise those rates at end of the year. it may hold, not raise them. that ultimately gave a boost to the market. saw pains -- gains across the board. dow gained 85 and s&p 500 up 11. there is a look at the nasdaq. all three intoday zoos up two weeks in a row. jpmorgan comes in with record earnings. did very well on consumer loans. that is nice for the economy. that is a good boost. pnc and wells fargo gained. pnc came under pressure. john malone's liberty media, they may be investing in print, 10, 10 to $20 billion. with that talk, it gave a boost to sprint. melissa: i can't believe with new record banks would end lower. you have to like banks if you like the market. nicole, thank you. >>> it has been a huge week for oil, ending up more than five%, near two week high. getting a boost today from the u.s. dollar which fell to a 10-

bull's-eye brief founder, adam johnson, our very own nicole petallides and steve cortes. at dam, you heard concerns about wages, plaguing the economy. people haven't gotten a raise upwards of 20 years. will it get in the way of what the fed needs and wants to do? >> right now labor growth is 2.%. i'm really talking about wage growth. it is good, not great. people are going back to work. that is the whole story. we have the lowest unemployment rate in over three decades. it is moving the right direction. janet yellen is also moving the right direction. she is getting us back to normal. it may not be the greatest narrative we ever heard but a pretty darn good narrative. that is why stocks are up 130 points. trish: they keep climbing, steve cortes. game on for investors. they're willing to buy up this market despite some of the headlines we've seen out of washington that makes folks in washington a little bit nervous. >> no, trish, they sure. a lot of all-time highs today, really across inspectors. facebook, all-time high. homebuilders. it is really a broad rally. i believe

straight to nicole petallides on the floor of the new york stock exchange for today's big market movers. happy friday, nicole. >> reporter: happy friday, dow record. right? people are loving. that they like that for the 401(k)s and iras. the dow at 21,829. a gain there. the s&p 5002472. missed it by a fraction of a point for a winning week. four weeks of gains for the s&p 500. and we're watching the nasdaq closely. that right now looking to the downside for the week. of course, amazon weighed and that was down 2.5% today after it missed numbers yesterday. starbucks, that was down nearly 10%. closing all the teavanas, overall big concerns there. they missed on numbers. down 9%. consumer stocks came under pressure and the tobacco stocks. the tobacco stocks under serious down arrows. you can see british american tobacco down 17%. altria down 10% because the fda is moving forward on trying to have less nicotine in the cigarettes, and that is because people, 90% of smokers dave and melissa, start before they are 18 years old. idea for the next generation to not be addicted. david: if you can

joining us nicole petallides, jeff taylor and bare james.want to explain to all of you, it's interesting if you listen to this all, jamie diamon did not stop there, he went onto say as one reporter asked him, well, are you frustrated with the trump administration, in other words are you blaming the trump administration for all of this gridlock and he replied, no, that was frustration with you. so he's a little frustrated with the media because he makes the point that the media is not focusing on the right thing. that's infrastructure, regulation, taxation and education. it kind of seems like a in-brainer and yet, barry, these are the issues that americans care about and the media is not focused on them, does that mean it's more challenging to get these things through? >> well, i do think that the situation in washington is coming to a head in terms of the, you know, the impact on the economy. we have been running on hope to this point, you know, take something from a former president and that's what people have been betting on and we are sta

joining me chase chief economist anthony chan, along with nicole petallides live on the floor of the hich is where we'll begin. nicole, good to see you. what is fueling the market today? >> overall i think that people have just continued to buy even surprisingly. when i was talking to one of the traders, he said i didn't even expect market to move to the upside today, up 80 right now for the dow, when you had just so many headlines. you have russia basically i can kickingç out all the u.s. diplomats. you have missiles flying. concerns on techs, have they run up too far, too fast. yet optimism is still there for long term. we saw oil above $50 a barrel. financials doing well on heels of hsbc. earnings are pretty good. that seems to be fueling at least for the near term, lauren. lauren: speaking of earnings, we've seen two straight quarters not seen in six years of double-digit profit growth. some of that, anthony chan, is because the dollar is weak, and that weak dollar hurt european markets today as euro goes up, japan, nikkei looking at worst month since march because the yen is str

nicole petallides on floor of the new york stock exchange with details. big day for prime members, right? >> that's right. what is interesting for amazon, another day another amazon headline. this one is a direct shot at best buy. in fact best buy down 6.25%. lost over a billion in market cap. that is because now amazon will have its own sort of geek squad, right? that is one thing that best buy had over amazon. apple has its genius bar. best buy. amazon working on that now. in fact they have had employees. they are gadget savvy. they can make the home a smart home. turn on your light via app or voice. alexa, echo. get it all together with all the help of their team. that is the idea behind it. you see best buy dropped. abercrombie & fitch. this is another retailer under pressure today, down 21%. moves to a 17-year low. down $2.50. abercrombie comes under pressure. since may they have been looking for a buyer. there was talk it would be express, american eagle or sycamore partners, went on to make a deal with staples. no buyers. down 4%. sears, another st

we're at record territory, nicole petallides on the floor of the new york stock exchange. pretty good. >> connell, all green on the screen. 29 of 30 dow components green. only jpmorgan was red. look at closing numbers up 123 points. at this level of it -- 21,000 532. the movers, vix, the fear index jumped around as we get difficult headlines, particularly from washington. we've seen that moving around. what drove the dow. you saw 29 movers, microsoft, home depot, dupont, ge help to lead the way. sectors, nine of the 10 higher. technology did great. health care, materials. take a look also big story today. that is paypal on apple. you want to buy something on apple, you can use paypal now. you know paypal. paypal moves to new all-time high. stock up 2.7% here at the close apple gains as well. you can use paypal on your apple app. back to you. connell: thank you, nicole. 40 some odd record closes since the election. melissa: oil closings near a one-week high up 1%. climbing for the third straight day. crude getting a boost from weekly inventory report showing the second stra

financial analyst heather zumiraga and our own nicole petallides.n the floor with you. what are you hearing? >> the message from the fed is consistent. we know they got those headlines, gradual increase will continue. we're watching inflation closely but, also one part of it too was fiscal policy and she really sis keeping a close eye what to expect out of washington because you really have to have monetary policy and fiscal policy working together. we know this market has run up on a great business-friendly agenda from president trump and his administration. the question when it will go through? i will note most traders on wall street still think everything is on track and will happen. optimism is still there. while there may be -- trish: i love the optimism. i love it. doesn't matter. don, jr., e-mails, controversy over whether or not health care situation will get resolved. they remain optimistic. that is a great sign. actually what makes us great. it is part of, it is an intrinsic part, heather, who we are as a nation. we're always willing to lo

nicole petallides on floor of new york stock exchange. talk to me about the selloff. >> general electric with the lowest close since october of 2015. we're seeing pressure across the board. president trump with tough talk with north korea really spooked markets. adp jobs report, private payroll, stocks are down. dow is down 156 points. nasdaq down four of last five days. it is down 1%. russell you mentioned earlier, big selloff there, in fact seeing falling the most since may 17th to be precise on the russell. taking a look at the vix, that is fear index, that fear gauge. that spiked up. in fact for highest close since mid-may. we're seeing that higher by about 13 1/2%. tesla, a name that really grabs wall street attention, great performer, big winner, you know what? today down 5 1/2%, its worst weekly performance since september, hovering near bear market levels. needs to close below that, 20% below its all-time high of 383. that would not be bear market territory officially. officially it may feel like it to some. down about 18 bucks. b

heather, and our very own nicole petallides. anthony, i'll start with you.still seem to think that there's going to be much in the way of policy coming out of this administration. how should you be approaching it right now as an investor? do you still bet that it's going to happen? >> i think that right now the fundamentals and the financial markets in the global economy are very positive, and i think that if some policy comes out, that's icing on the cake. my suspicion is that something will occur in 2018. right now, health care is very challenging. i think very few people would argue with that. trish: but taxes? >> taxes, i think that's a 2018 situation. and, meanwhile, health care stocks 2018, though, they're saying they're going to get it done this year. if they don't get it done this year, what happens to the markets? >> well, i think the financial markets are looking at profits. health care stocks, for example, are the second best performing behind technology. if you look at the etfs coming around 17.5 -- trish: so you're saying this has not a whole lo

. >> check market reaction stay with us chris we bring a in nicole petallides on floor of new york stocking early trading stocks are down, what is your take on the banks this morning? >> well, speaking with traders their take overall they have done pretty well knew trading revenue would be light, overall you can see the stocks are down about 1 1/2% wells fargo, and j.p. morgan citigroup off a little bit less than that the big picture comparisons to brexit last year tough comp overall you have to understands that revenue coming in 26 points 4 billion j.p. morgan great benefited from short end of jeeld curve we know flattened out some three write a hikes in december march june helped banks but on long end what happens? the lending the lending was so key overall for banks, j.p. morgan in particular we got notes from conference call cfo marion lake at j.p. morgan saming functioned income performance this quartering typical of the highed and lows not not look fog make changes talks trading revenue saying quote we did pretty well, pretty well in the circumstances. so overall i think people are

i want to go to nicole petallides and find out what it's about. very interesting possible partnership between amazon and dish. though no deal is imminent. there's talk of a possible deal according to the wall street journal and how it would be beneficial to both companies. amazon's down about 1% today. dish is slightly higher. but you've had a chief executive, the two of them speaking, multiple times at a satellite convention, a robotics convention, another in seattle. they've crossed paths and dish has been acquiring additional airwaves for quite some time. dish tried to meet with sprint, t-mobile, at&t unsuccessfully. amazon wants to have delivery drones, amazon can have prime service on dish as well. amazon also wants wireless for connectivity overall for the echo and the like. they tried to give it a guy with the fire phone, remember that? but no go then. maybe this is it. charles: maybe, many and so will roll the dice anytime and this time a smart partnership. thanks a lot, nicole, appreciate it. president trump on the second overseas trip for

nicole petallides starts us off at the new york stock exchange. tell us big winners. >> big day for the bulls. another winning day on wall street. apple, microsoft leading the way. leading the day with one of our traders, stephen guilfoyle, financials moving hand in hand with the 10-year treasury bonds, 2.34%. ahead of tomorrow's numbers for a lot of those banks. we watch pnc, jpmorgan, just to name a few. the airlines very interesting, the dow jones transportation index which finished lower today hit all-time high intraday. delta pulls backs on quarterly report. jetblue a winner, seeing more traffic as well. moving on to retailers. this as target sees more store traffic. that is hallelujah type of phrase. that in itself brings up the whole group. target gives a optimistic comment. that is up almost 5%. brings up walmart, macy's jcpenney. as i toss it back to you, jcpenney says they will have toys within the jcpenney stores. that may be something new for the shoppers interested in that. connell: who would have thunk it. nicole, thank you very much

. >> i'm nicole petallides on the floor of the new york stock exchange with this fox business brief.ght now, dow jones industrial average up 28 points, the s&p 500 down four. the nasdaq dropping nine. spacex latest valuation $21 billion. as the company secures a new 351 million-dollar financing round that's up from 12 billion it was value at 2014. and propelled it to the top of the unicorn list at the top of private companies with billion dollar valuations. speaking of unicorns, there are reports that uber's next ceo may be general electric chief jeffrey who is slated to leave ge by year end. uber refused any comments. shares of online real estate broker on the nasdaq priced at $15 a share. company has talked right now trading up 44%. we're watching all things washington. liz, so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast con

straight to nicole petallides on floor of new york stock exchange. >> we have you concerns about selling about 11:30, down 130 points on the dow. of the later in the day as mitch mcconnell said they would delay taking on the recess, everybody likes that because the again today is on track. with that we moved into the positive territory. the dow is down last three out of four trading days. it is up one point, squeezing out a gain led by energy and technology. that helped us along. nasdaq came up off the lows. had been down 25 points. up 17 points. those are winners. we're watching amazon in particular as the big prime day, the third prime day everywhere they really bring in the dough. they supposedly earn four times normal daily net profit. this is in order to squeeze other guys. we know amazon has been the behemoth an retailers an supermarket companies as well. we're looking at some retailers been under pressure today. names like michael kors down 7%. fossil 5%, best buy 1%. ulta salon up 5%. many retailers and supermarket companies have been under pressure. -- down 5%. everybody is look

first, nicole petallides at new york stock exchange for more how the markets fared this month. the answer is spectacularly, right? >> absolutely. we're seeing best month in a lot of months for the dow. seeing all up air ross here across the board. dow, nasdaq, zap have all been winners. i see sarah huckabee there. david: i have to stop you in mid-sentence, nicole. so sorry. here is sorry raw huckabee sanders for the white house. >> discuss the administration response, maduro regime, recent anti-democratic actions in venezuela. they will make opening remarks. take your questions on the topic at hand. as always your favorite time of day, i will come backp to take your questions. thank you. >> hi, good afternoon, everyone. thought it might be best to read the president's statement. since president trump's inauguration the trump administration has called on venezuela's maduro regime to respect venezuela's constitution, respect the role and authorities of the constitutionally-established national assembly, hold free and fair elections. address the humanitarian needs of the venezuela

pressure profits and sales missed expectations nicole petallides from floor of the new york stock exchangethis morning. the earnings per share of a.24 adjustedch revenue .97 billion both a miss one part -- talking about inin those into the company, and in particular the record pace that investors are now buying into index funds those are obviously low cost more passive types of funds they track those indices that was one of the bright spots we watch for bank of america goldman sachs slew of bank related earnings in procter & gamble five months of discussion trian funds trying to get nelson peltz on that director be a director trying to put him onboard don't want to change ceo spot want procter & gamble onto better trajectory spin off beauty or over the counter some speculating they can make a switch with johnson and johnson underperforming really not pleasing the investors too much back to you dagen: nicole good to see you nicole petallides at new york stock exchange. you know that empty feelin' you leave your phone at home? host of "varney & company" stuart varney knows all too well do yo

everybody thinks mark zuckerberg on point faith in him as well everybody except elon musk. >> nicole petallides hundred percent. >> one hundred percent wow, quite endorsement, president trump signaling his next priority, that is overhauling tax code, in interview with "the wall street journal" promises to bring down corporate tax rate to 15% fight for middle class taxpayers as well, even if that means wealth people could pay more joining us now to weigh in on this host of "varney & company" stuart varney right now hi stu. >> did that your attention may be wealth people will pay more? >> we noticed it talking about it. >> talk about a surprise isn't that exact opposite of what we have been talking about for the last year and a half what treasury secretary mnuchin has been promising us isn't that exact opposite get the feeling this is a free lance chaotic presidency about to lose a lot of supporters, if you actually increase taxes on anybody. where is the stimulus maria the whole point about cutting taxes put more money back into private sector or 4% growth, if you raise talking on productive peo

. ♪ >> a lot of talk about retail today shares abercrombie & fitch a dive in premarket nicole petallidesgood morning. >> good morning sandra we are seeing abercrombie & fitch under pressure this morning, in fact, it is accelerated last hour or so, you at this point premarket abercrombie & fitch down nearly 11%, there has been talk since may about potential partners or some buyout of some sort, interested parties such as express american eagle sycamore partners made a deal with staples at this point after final bids have been accepted by abercrombie & fitch it looks like they have not come to any terms with any of these parties unlikely to find a buyer at this time. so premarket down 11%, and over the last 52 weeks down 36%, watching tesla closely with higher this morning, elon musk certainly front and center, this new model three going to be rolling off production line 30 of them by the end of the month, out to the folks, and elon musk even tweeting production unit one model 3 built through final check everybody gets to see what model three looks like now for the first time it go he is f

that's the power of and. >> i'm nicole petallides with your fox business brief.gh. and take a look at the instagram. very popular on facebook, instagram. and what is the most popular sport? not football, not basketball, it's soccer. yes, soccer, globally is number one. 146million of instagram's 700 million users. plus, all world football fans. you can see madrid, 159 million, barcelona, also. the soccer players, they have a huge amount of following. you can see they also have a huge following. facebook since buying instagram is up over 330% since 2012. but it's soccer, basketball, combat sports, action sports, football. liberty mutual stood with me when this guy got a flat tire in the middle of the night. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad. is this a lug wrench? maybe? you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insur

2.18 estimates 1.19 billion after bell mcdonald's higher this morning. >> thank you so much nicole petallidesld a new title richest person in the world according to foreclosures ecustomers ceo poised to overtake bill gates as amazon stock soars stuart varney. >> really. a way to a personalize story of big technology companies before trading starts jeff bezos founder of amazon is worth 88 billion dollars that is his net worth as we speak. bill gates, who is richest in the world best part of a generation 91 billion dollars. so if amazon opens what 3, 4, 5 bucks at some point higher, then you will see a new title holder richest person in the world jeff bezos, look that is a backdrop to what is going on in our financial lives, the wall street trading has been totally dominated by five major technology companies each of those has produced massive welt, very few jobs, and a founder who is worth tens of billions of dollars i think one of the most important stories of our time maria. maria: you are absolutely right five companies three trillion market value right now stu thank you so much see you 10

nicole petallides, too pick it all apart at the new york stock exchange. hey, nicole.

maria: well back, change the way you pay apple and paypal strike a deal nicole petallides on floor of good morning, everybody. this is a big deal for people have paypal want to start shopping using the apple app store itunes apple music paypal said tuesday released news that paypal is now available on the apple store for music ibook purchases iphone ipad, and the like, on your ipod you make purchases, some controversy about when it actually starts, to come to u.s. soon i read another report now available. also, watching lulu lemon apparent infringement lulu patented more than one exercise abc unreasonable abc saying under armour infringed on party look at exhibit a, the bra lulu on left i won't say identical but similar saying that under armour infringed on apparent going to be suffering with this, and also, that the similarities are so similar they should pull it off now a comparison under armour down 3 % compared to lulu's loss of 12% last but not at least prime day that going to be a a record sales day for sam horizon not sure how many people shopped 6,000 items per minithird party

nicole petallides with the latest. hey, nicole. nicole: it's being sold for $2.8 billion, basically a 20% premium from friday's close, stock is up almost 20% right now. moved to a new 52-week high for web md and the deal is kkr is buying web md. they spoke to over a hundred companies and private equity firms trying to find the best bid out there so thigh decided -- they decided on this one and is supposed to close by tend of the year. the other part of it what will happen to the website, there's no word on whether the web md website will change in any shape or form. it has 70 million monthly unique visitors and have started back in 1996. since then we have been able to start the self-diagnosis whether you're good at it or not but certainly a lot of fun and helped a lot of people to give them some direction as to their health. so big picture here. we will have to see what happens. big jump on the deal here which will close by tend of the year. neil: all right, nicole, thank you very much. of all things held, new analysis of the cong

of course it's very much contained right now and nicole petallides on whether that is a worry of folksnew york stock exchange. >> everybody's watching tech. everybody owns tech, probably, in the 401(k)s and the iras. and don't forget that tech selloff we saw in june, it was the first down month we saw for the nasdaq since last october. what's interesting about netflix, there's a one-month chart, it came off the june 8th high. it's down over 11% from that level. that is correction territory. and some would say, well, now what? and what happens here? a few people pertaining to netflix and don't forget, alphabet, google, and apple are about 7% off their recent highs. so not far behind. the feeling overall is tech is not dead. netflix may be facing some competition. also, costs, content costs, and the risks are there, so maybe we'll watch for earnings share in july '17. but the big picture here is that there is opportunity here. i spoke with keith. he is actually a fan of the netflix model overall. but the neutral price of 158 to 160, he doesn't think it's going away. here's a look at the

nicole petallides on what tv viewers are going to probably see from this deal. rk week meets house hunters. it is a $14.6 billion deal, you can see scripps is gaining just slightly right now at 87.50, discovery selling you have about 9.5%. the deal's expected to close early next year, and what does it do? it wrings together two -- brings together two names that you know so well including discovery channel such as animal planet, also tlc as well as on the other side scripps which would have hgtv and food network. now, hgtv which stands for home and garden has really grown, boosted ratings by over 29% since 2013. this brings together female viewers which are predominantly in the scripps network of travel and home, garden and the like as well as the male viewers that are on the discovery side of it. the deal's $14.6 billion, you can see how both have fared over the last year. scripps has been running up on a potential takeover and has done so. and all of this happening because people are cutting the cord on pay television, as you know. in the first quarter of this y

to nicole petallides at the new york stock exchange. what's going on? absolutely right. altria group is down 9% and also we're seeing the group selling off. why are we seeing tobacco stocks selling off in this way? well, the fda has a new plan to lower nicotine levels in cigarettes to non-addictive levels. they are working on balancing regulation going forward, the idea behind it is that 90% of smokers started smoking before the age of 18. the hopes of new regulation is that future generations will not become addicted to smoking. in the meantime, a name like altria has had its worst selloff since the year 2008, at one point it was down 19%. it's down 9% now. neil? neil: all right, nicole, thank you very, very much. just a few minutes away from the president of the united states. he'll be on long island talking about gang violence. and more important, gangs that are threatening stability in this country in communities that would be the last you'd suspect would have to deal with it. ms-13 and other gangs that have gained influence and a foothold in americ

nicole petallides at the new york stock exchange with fallout and other traditional retailers. >> thirdprime day and everybody waits to get the bigs discounts and like, and stock is down 3/4 of 1%. it has been up 1000 percent over the last decade. it is behemoth for retail stocks. it is up over all 32% this year around has really been the demise of so many retailers just weighing on those retailers across the board. taking a look, i don't mean the death of them, but tough time with the stocks here. taylor brands, that is men's wearhouse, 61%, fossil 61%. this year jcpenney, macy's 40% plus for those two names. amazon continues to weigh. not only type of retail apparel but you how about the supermarkets? after this whole foods deal was announced june 16th. whole foods nice big green arow up 2%. walmart -- 27%. walmart, kroger, costco down. they expect big selling to earn four times the normal daily profit is what the analysts say. but, there is talk now from some of the research here that ebay is trying to give it a go today and take on amazon. in fact, according to one report, 2/3 of eb

nicole petallides is live at the new york stock exchange and of course they revised last month's andpside; right? >> that's right. and with the job surge and the unexpected beat here, that's even the whisper numbers weren't at 222. so that's really good news there, and that brought optimism to the markets. traders are calling it somewhat of a goldilocks report as far as tepid wage growth coupled with the jobs report, we're seeing up arrows across the board, certainly helps things along. and this is where the jobs were where we saw manufacturing and goods producing and government jobs on the rise. of course in construction and retail as well. and the stocks we saw also moving higher, and that's a big news there as that group over the last five years has been gaining, as you just heard from the labor department talking about part-time jobs. and this, take a look. you can look at names like manpower. and then we'll move on to a lot of the traders are watching is technology. and you can see these all have up arrows today. intel, apple, cisco. but i will say the traders are watching the i

nicole petallides will be watching them closely from her perch in the new york stock exchange. bers. nicole. >> i'm loving earnings season and loving the way the tech stocks are moving here for this who are bullish on the market. we've seen market highs and jeff bezos moved into that number one spot. over the last year, he has gained about 25 billion in his wealth. and one day alone, he can gain over a billion like he did today. so now moves out bill gates from that top spot and bezos, who started selling books in his garage 22 years ago is now the first man to bump gates from the perch in seven years. you mention buffett and zuckerberg, this are some of the other bigwigs. i will say one of the traders brought to my attention that the nasdaq features of amazon were sold hoff a short time ago. i wonder if that may be a precursor to the after the bell earnings. so watch all of that. and as we talk about amazon after the bell here, we do have a record, but we'll watch for this numbers right on the closing bell. and then there's facebook. facebook sores to a record all-time high as

nicole petallides covering the story live from new york stock exchange, nicole.bout obviously looking at banks closely the banks so well across the board dividends buybacks kinds of things you will see now from banks, in addition to that, how about deals word on street j.p. morgan was looking at a company called world pay over in uk a payment processor that turns out over the last hour, about that another name mentioned on street would have vantif making the dole j.p. morgan looking upside has been looking out there, at pay beefing that up, peer-to-peer payment we will watch for that, 10-billion-dollar deal. >> apple big one everybody has in portfolio the rumor on the street is we look at the people very credible right now apple up a half of 1%, may not be fingerprint that opens the next phone in fact it may be your face, some facial recognition retinal, iris reportedly in development need to get exactly right cannot have biggest upgrade ever put on tenth anniversary phone then have it fail so we know the tenth anniversary coming up we know working on speed and a

discovery communications is acquiring the parent company of hgtv, food network attractively channel nicole petallidesp for viewers both stocks to the upside this is a 14.6-billion-dollar deal and brings together, two of the heavyweights scripps discover will put shark week house hunters diner's drive-ins, sigh yes to the dress putting them together 20% viewership something that people are saying, has great synergy to compete against netflix amazon 14.6-billion-dollar deal 30% cash 30 percent stock scripps running up 30% in telecom, charter is saying listen, we don't want to be with you sprint we are going to stick with verizon our original plan sprint tried so hard to woo charter saying would be parent company huge publicly traded company better terms, but they are basically saying no, and meantime, you have -- may made a deal with sprint now can move forward with t-mobile so that is something else in telecom industry back to you. dagen: thank you so much make sure toel i want to talk markets because it has been great month for stocks. four months in a row gains for the dow s&p 500, nasdaq has had a

harder than before tesla shavz reving up in premarket following exciting tweets from ceo musk nicole petallideson twitter this morning take a look what he had to say about the tesla model 3, model 3, passed all regulatory requirements of production two weeks ahead of schedule. he tweeted expecting to complete on friday, that is a great news for tesla the stock is already been up, 70%, this year, the model 3 is really the small more affordable model for people who love tesla weren't able to get in on more expensive model this is version they say production should ramp to up 20,000 vehicles per month, by december, so stock is looking up about 2%. we also have a different vehicle sales today watching microsoft looking to upside, this morning, and news from there, is that microsoft tech crunch poised to announce layoffs we can see whether or not that will come in the week ahead here, i will note that microsoft is known to actually announce their layoffs towards july when fiscal year typically ends, they are doing some collaboration and also putting together better focus on selling to -- we reese wi

this morning stronger than expected seconded quarter earnings not all good for the giant the nicole petallidesrkets. >> good morning. we are watching pepsico did beat on top and bottom line earnings and revenue beat the street we are hearing from the conference call, at this time, as well. and trying to give some optimism with that they said they can take pricing will take pricing one area helped pepisco through this latest quarter in fact beverage volume dropped frito-lay quaker was flat but the pricing that helped them through the quarter, ultimately, and so we are seeing it right now, slightly to the downside, this morning. the other factor is people are not going through center aisle spending more time in produce aisle meat not center aisle you have seen the it back-and-forth up a quarter of 1% snap the big deal morgan stanley cut down to equal weight from overweight slashed target down to $16.28 worry about snap that not improving still has instagram against it, advertising struggles don't forget snap had ipo more than 20-billion-dollar company big deal biggest ipo since alibaba in 2016 p

. ♪ ♪ >> i'm nicole petallides with your fox business brief.vironment has been very tricky, particularly for the department stores, and jcpenney was trading quietly lower today to but saying that they will be accepting apple pay nationwide. saying it's easily and and a seamless shopping experience for their customers. in addition to that, the customers that have the jcpenney rewards, you'll be able to use the jcpenney credit card and get your are rewards. of course, we see apple at a 151.30, up about a bucked today. apple pay used in over a hundred stores, also on apps and web sites so, certainly, continuing to gain in popularity from staples to starbucks to mcdonald's, apple has been very useful. jcpenney continuing to expand its brand, they've also added now appliances and toys. ♪ ♪ ashley: violent protests erupting in venezuela over the weekend again, now opposition leaders are calling for a two-day strike to protest president maduro's plans to rewrite the constitution. here now to talk about this, vanessa newman. vanessa, thank you so much

nicole: i'm nicole petallides with fox business brief.t hit an all-time high of 178. winning year thus far, in fact, this year it's up almost 40%. today we focus on facebook as it does hit an all-time high. they have noted that they are figuring out where to put more ads and with that they will see more rev mui growth once they manage to do so. they added 76 million new users and have roughly 2 billion as of now. stuart: latest on health reform. the senate will delay voting on the bill while senator john mccain recovers from surgery. we are joined now by hhs deputy secretary, former hhs secretary alex. alex, we now hear that senator mccain will be out probably for more than one week, so a vote on the bill will be more than one week hence, that looks to me like pretty bad news for health care reform, what say you? >> well, i think as karl rove said earlier on the show, it depends on how you use the time. if you take this window and allow the democrats to keep creating a narrative of taking insurance away from people, increasing cost, et ce