we have nicole petallides standing by. we have susan li talking about the potential trade war in china. she spent 10 years in asia. danielle dimartino former fed official joins us. we want to go to jennifer schoenberg for the fed minutes. >> fed views the economy very strong so several participants see more room in the job market to bring in more idle workers that the unemployment rates put on the minutes from the showed from last month. they expect inflation to run a bit above 2%. hope that it is sustainably grow it to the 2% goal. on trade, most participants are very worried about risks and uncertainty trade policy. it could hurt business spending an investment. in fact business contacts in some districts noted that they are postponing or scaling back business investment already on account of tariffs. many saw political developments in europe, i.e., italy's election, volume at this time in marriage marriages as risks to economic growth. the fed is closely watching movements in the yield curve. self caution it is just one

nicole petallides on floor of new york stock exchange. nicole, what would you call the big movers today? >> easy to find movers. those ones move on earnings, right? we had verizon and united technology helping the dow along. we saw the nasdaq which had been high every because of great google numbers. tech overall, but also those weaker numbers which i will get to in a moment from jetblue weighed across the board. we saw an all-time high for the nasdaq but it is down one point. doesn't finish record territory. mentioned tech. take a look at alphabet. after the great quarter that it blew out of the water. new high there. new high for facebook. there is jetblue, 1 1/2-year low. it is weighing, transportation average is down well over 1%, roughly 1 1/2% while everything else is moving a half a percent, right? jetblue really weighing on multiple venues including indices, including the nasdaq and taking down some 10%, taking down all of airlines, united, delta also lower. at&t will be out shortly. i spoke with over at raymond james i spoke to fr

adam: we want to go to nicole petallides on the floor of the new york stock exchange. nicole, it was about 3:25 i called charlie brady in our newsroom, why is the dow up two points, then boom, look at this. >> absolutely. we had foreshadowing at 1:37 p.m. when president trump came out and said they were working on a deal. we went from negative into positive territory. we get breaking news that the concession ises have been made between the u.s. and the eu on soybeans, liquified natural gas, industrial tariffs and also medical products as well. with that, when you see that, it was an exciting afternoon. look at that pop. stocks moved higher. things moved to new highs. we had dramatic move higher. nasdaq hits all-time high. we have many tech stocks at all-time highs. mike off the, facebook, which we're waiting on. also google. we had boeing which weighed on the dow jones industrial average out of gate. down 80 points. off 2.7% at one point. it is down a fraction of that. by the way they have business costs in defense. they disappointed on commercial airlines. then you hav

nicole petallides on floor of new york stock exchange with more. a nice little rally underway, correct? >> no. take a look. we're up 140 points right now. you have the two countries, u.s. and china levying tariffs against one another. everyone was so worried about all of this. the jobs report comes out better than expected. labor force participation rate, they like that. the manufacturing number in there, the best manufacturing number since december. part of it was because at least auto manufacturing. look at the dow up 142 points. s&p and nasdaq well into the green. nasdaq up 1.2%. so you have several pieces of news running this show. i tell you all 10 sectors are well into the green. at this moment, health care, energy, consumers stocks are higher. here is a look at dow leaders. mcdonald's, apple, goldman sachs and boeing. as we look at that, we look at some tech stocks. you can see apple is in there. apple at 187.75, which is jumping is not too far, 3 1/2% below the all-time high. the all-time high, 194.20 in early june. we're getting closer to

nicole petallides will have a live report from the floor of the new york stock exchange.take you live to the white house press briefing. right there. trade and immigration sure to be among the hot topics, among many things. "countdown" coming right back. booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. add-on advantage. and now you know.ed- jardiance is the only type 2 diabetes pill proven to both reduce the risk of cardiovascular death for adults who have type 2 diabetes and heart disease... ...and lower a1c, with diet and exercise. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling

let's go to nicole petallides on the floor of the new york stock exchange with today's fox business brief sketchers stumbling hard at this hour right? nicole: absolutely, ashley we'll have to take a lack at this one the athletic schoemaker hitting a new multi-year low in trading after missing the analyst expectations on earnings and issuing a weak forecast that fell way below the street estimates the shares of sketcher s right now 2,640 down about 21%. luxury retailer burberry lighting up investors with a shocking report that it literally burned through almost $38 million of unwanted products last year in the name of protecting its brand from counterfeiters. confirming it has destroyed $115 million in unsold clothing and beauty products in the last five years so the biggest names in tech teaming up, google, facebook, microsoft and twitter announcing a new initiative called the data transfer product can had aims to make it easier for users to move data between the four platforms directly without having to download and re upload it and the four tech clients let's take a look mixed, microsof

nicole petallides. we have a beat? >> beat on top and bottom line for intel. you see it on the downside. down 4%. what is we saw this drive in quarterly profit and revenue. a booming cloud computing market drove for higher demand in the chips and the data. that is what helped to move it higher. no real message yet, anything about the ceo, right? everybody is waiting for succession plan there. also, there is a delay in new, closely-watched manufacturing process for 2019. people are somewhat concerned. that might give footing to name like advanced micro devices to catch up. last but also not least, interesting to see pc shipments. we talk about pc's, that is dead, nobody cares. remember last quarter pc shipments were the strongest in six years. i won't say the pc is back. they saw higher demand for data center chips, cloud computing that drove intel. it is down 3% right now. adam: nicole, thank you, as you look at the live picture. the president will come in any minute. we want to go to jeff flock who is the the at the steel mill in granite city, illinois. jeff?

thank you very much, nicole petallides.f course back in those days when you could do that, you didn't have nearly the debt and deficits you do today, right? we have a trillion dollar deficit we're looking forward to this year. having likely trillion dollar deficits for years on out. and it is getting worse. it is not getting better. to capitalist pig hedge fund giant jonathan hoenig. what he makes of all of that. what do you make of all of that? >> oh, neil, when you see anything critical of the president or this administration, i mean you know what it is like. the twitter sphere jumps down your throat. but you always said, you know, but you always say not blue or green, it is not blue or red, it's green, if you are looking at the green you have to be concerned about these deficits. there has been a trillion dollars added to the national debt first year-and-a-half of the presidency. it is on track to double in the next 10 years. tough to make the argument that the gop are party of fiscal conservatism that they have been at

nicole petallides on floor of new york stock exchange. nicole, start with you. talk to me about the trade. >> tariffs and trade, and also jobs. tariffs, jobs. we went back and forth, everybody is talking about those two topics. looks like leaning towards a jobs report which was a perfect report. we had 213,000 jobs added more than expected. unemployment went up, because 600,000 people entered the workforce. they are looking for jobs. with that, that really brought optimism. manufacturing numbers boosted optimism. dow, nasdaq, s&p moved to the upside snapping a three week losing streak. we're watching trade related stocks which have been under pressure. you can see today, different picture. it was up arrows across the board. no one seemed to be worried at all $34 billion tit-for-tat duties put in place between china. apple off the all-time high of 194 and change. nvidia as a winner. markets as i noted it was winning week on wall street. s&p and nasdaq snapped a recent losing streak of two weeks. russell 2000, tech, all up arrows. facebook new high, apple near the

nicole petallides, technology is leading that.s chugging along, maybe it won't be concerned with a lot of that stuff happening. more after this. ♪ . . neil: all right. the economy on fire or looking more fired up? have you heard we're up 4.1% growth here. the people averaging the year 3% better growth, haven't seen that in a lot of years. chairman of economic council advisers kevin hassett is with us. great to have you. >> thank you, great to be here. neil: this was greeted with some disappointment oddly enough for some binding with numbers, it was going to be a lot higher. were you surprised? happy? what? >> we're very, very happy, the president delivered policies at 3% growth and look at 4. at the cea we put out a forecast that it would be 3.1. the time we naut out last year there was a lot of criticism from the left this 3% is impossible. if you average the first two quarters, 3.1. you thought people said we would see 5% growth or something. one of the nuances in the data that is striking and favorable for the second half of th

phil flynn is watching action from the oil and gold from the c me, and nicole petallides on the floor of the new york stock exchange. nicole there was a hiccup after the fed notes came down from triple digits down to double-digits but when they came back up again. nicole: we saw the volatility because you saw the s&p and nasdac move to session highs the dow got close to section highs that hit prior in the 1:00 hour, 197 versus just over 190, so it did have this big jump, and then pulled back and as they start to decipher through the minutes, plus you have lighter volume on this type of week but the big picture is this mixed bag out of the federal open market committee somewhat feds speak, i mean you have them talking about inflation, you're seeing wage growth and we'll watch for that tomorrow and in particular for the jobs report, but at the same time really expressing that uncertainty pertaining to trade so that sort of spooked the markets a little bit at the same time taking a look at the dow movers unitessed health, johnson & johnson, apple and caterpillar in fact 28 of the 30 memb

let's get to and nicole petallides on the floor the big ward with the latest on your money. >> optimismabout earnings and fundamentals. we saw the dow the nasdaq and the s&p 500 up and an all-time record high. the dow is positive for 2018. you have microsoft and the visa have all-time record highs. tech stocks all records microsoft facebook and google all hitting new highs. watch the banks tomorrow. we'll hear from jpmorgan wells fargo and goldman sachs capitol one travelers bank of new york just to name a few. but people are feeling. optimistic overall. liz: congressman trey gowdy tearing into the fbi official peter strzok putting a timeline of trump's anti-trump text messages in the chronology of the trump pressure program we are bringing in --and they react, next. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, f

now let's go to nicole petallides on the floor of the new york stock exchange with today's fox businessle? >> good to see you, cheryl. elon musk confirming his spacex company has sent engineers to thailand to give ground support in the rescue effort of the youth soccer team trapped in the flooded cave for nearly two weeks. musk has been tweeting about various ways his businesses could aid in the rescue effort from digging holes to using a nylon tube to create an underwater air tunnel. musk's help coming as a former thai navy seal has died after helping to place air tanks in the caves where the boys and their coach are trapped. >>> toys r us stores may be empty but not for long. hobby lobby, tj maxx and burlington stores set to fill vacancies. one of the largest shopping center operators in the country. and the smart speaker company filing plans for an ipo this morning, the company hoping to raise $100 million in that offering with intentions to trade on the nasdaq under the ticker symbol sono. >>> up next, former secretary carr close gutierrez tells cheryl why the u.s. trade war between

phil flynn is watching oil in chicago and nicole petallides on the floor. take it away nicole. >> we had a nice little populate in the day. we were at session highs. we were less than 10 points off the highs of the day on narrow list of trading. financials led the way. bank of america which i will get into. 1/3 of s&p financials have been reporting. goldman sachs and american express and travelers all this week. the bank of america beat. that was up 4%. that was key. quarterly profits were above. brian moynihan said we grew in consumers and commercial loans that helped to mach it boost and a win for them. bank of america a winner. amazon, you just noted what we saw, prime day. this is 36 hours everybody has been waiting for. we saw dramatic selloff in the 3:00 p.m. hour when the site, people were not able to access it correctly. in fact they got this sorry, something went wrong on our end. most shoppers got the error message. they saw the dog. i had not heard completely fixed. the stock reacted on heavy volume. netflix talking to analysts all day, they are w

phil flynn watching action from the floor on gold and nicole petallides from floor of new york stock exchange. nicole, to you first. >> the dow is up 57 points. with the dow, nasdaq and s&p, and nasdaq all-time high, we continue upward trend last three or four days. mostly winners, with johnson & johnson and dupont and united technologies leading the way. what is interesting about tech after the bell we were focusing on netflix number. we didn't see subscriber growth and add-ons they aren'ted for this quarter and going forward, that spooked investors. the stock closed the prior day at 400 bucks, dropped more than $50 in netflix. that changed tech titans. facebook, alphabet, google managed to move higher, they are all at records, hit all-time highs throughout the day, amazon, facebook, google, microsoft. when we feature netflix. is came off the lows of the day but still down 21 bucks. so worries are there. most still think it's a great growth story going forward. we had late-breaking news on twitter according to the associated press. first of all in may and june, they acknowledged they

nicole petallides on floor of new york stock exchange. nicole about at session lows now. >> we absolutely were. we're down 146 points. we're not too far off the levels. we started to come back. look we're back in the red. you mentioned some laggards. some names pulled it out like ibm and disney. market breadth was down snapping that recent winning streak. we kept a keen eye on president donald trump and comment he made in an interview where he said hoped the federal reserve would stop raising interest rates. that is unusual for a president to actually comment on what the fed's actions would be. keeping monetary policy somewhat easy continues to spur this economic growth. where they continue to raise rates, even if they do it rapidly, that could quell some of the growth we've seen in our economy, tame inflation. very interesting. that certainly moved the markets to a certain extent. brought us up off the lows and we moved back down. here are the laggards. you mentioned american express. that was a tough one. down 2.7%. travelers out request

we want to go to nicole petallides on the floor of the new york stock exchange. nicole what stocks are moving today? we're also waiting for alphabet. >> that's right. we have earnings season underway. halliburton, hasbro, one up, one day. one trader told me sold off hasbro, took profits and bought more halliburton while it was down to even out the trade. the dow with 170 names reporting for subpoena 500 this week. we watched fiat chrysler, all this, ferrari shares fell on marchionne has to step down. health crisis. stock down 1.7%. then we have the story of papa john's poison pill. we know that john schnatter, he was ceo. he lost that role after the nfl, blaming nfl last year for lower pizza sales. now a racial slur loses chairman role. he is out. they put in poison pill, diluting shares. this way he can't scoop it up to make offer for entire company he founded in 1984. facebook, all-time high. everybody watching "fang" stocks. 211.62 was the high. you did see it finish up half of 1%. nike is adjusting salaries for over 7,000 employees. in fact raising those salar

nicole petallides on floor of the new york stock exchange. nicole, we go to you first. what is the big story for you there? >> the first we turned negative for the dow in 2008 with selloff. some traders i spoke with this morning noting with these headlines, they didn't expect such a selloff. one confiding saying he was on complete wrong side of the trade because he had to buy more, because he feels optimistic about earnings coming out on friday. others tell me, they feel it is noise. ultimately bargaining by president trump. once we get headlines the u.s. and china are negotiating we'll get a pop to the upside. the dow is down 219 points. we noted that we snapped the recent up streak. industrials are definitely trade-related. oil, phil flynn will hit on that with a big selloff. we saw utilities as one area that was a safe haven. airlines came under pressure. americans airlines reduced outlook. saying they will pay more for jet fuel. down 8%, david and melissa. that is a new low and it was down over three bucks, dragged down a whole group with it. dow jones transportatio

phil flynn watching all the action in oil and gold from the cme nicole petallides on floor of the new york stock exchange. nicole, first to you. >> five days, 500 dow points. not bad, right? we will take about 100 a day. we're up 1/3 of 1% on the dow jones industrial average. that is five days in a row. the s&p 500 up two days in a row. moving to five-month. nasdaq with up arrows. when we look at dow leaders, see industrials there, we heard from the fed head. people still talking about tariffs and trade. i will tell you that we did see industrials do well today. caterpillar, boeing, unitedhealth helped to lead the way. american express, we're awaiting those earnings. and then we'll take a look at bowing in particular. break this one down. this is up almost 1%. doesn't hurt when you pick up $3.9 billion contract to deliver air force one planes. this is big deal for the contract. the white house says it will save you the taxpayer, plenty of money. $1.4 billion. when we talk about the nasdaq which has been running up with those tech stocks, most are hitting all-time highs once again. eve

nicole petallides on the floor of the new york stock exchange. nicole, talk to me about today's trade? >> we had really busy last half hour, there is no doubt. the dow finishes up 142 points. we had back-to-back triple-digit gains. we haven't seen that in five weeks. closed up 1/3 of 1%. focus on earnings and economy, not looking at trade wars or even the supreme court nominee. in fact they're looking at optimistic -- one trader, tim anderson, sending me all the details on the consumer credit report. people are spending. reinforces optimism about the economy, wage growth, even take-home pay. gdp will come in 4% or more in the second quarter, 4 to four 1/2 were his exact words. take a look, russell, new high, but snaps a, snap as winning streak. look at leaders on the dow jones industrial average. visa, all-time high. united health, all-time high. so this is first time we're seeing these dow components this month hitting all-time highs. as i mentioned, i wanted to also get to google. now google, late in the day here, last half hour, had very had ve

nicole petallides is on the floor of the new york stock exchange with the very latest. nicole? nicole: down arrows today, got used to up arrows four days in a row gains but today the market sold off trade tensions worried wall street is down 219 points, first the dow down into negative territory for 2018 chevron, caterpillar, dow dupont were the losers. energy dropped 5% today and we saw chesapeake pass pioneer and baker hughs under pressure and comcast is expected to raise its offer as early as this week according to wall street journal sources after fox sweetened the bit of course disney is currently in the lead for the fox assets reaching that agreement. liz: great to see you nicole. a presidential tweet making a big drug company hold off just for now on hiking its planned drug prices. tonight, dr. marc siegel all is going to tell you it's about time and also alexandria cortez is now the winner of a district she was not even running in. coming up we've got a guest that says the democrats new socialistic push for a government paid for jobs and everything like that it won't wo

let's get right to nicole petallides on the floor of the new york stock exchange with the very latestcole. >> we woke up this morning, we saw those futures lower. all about trade, tariffs, that weighed on the market. the dow was down over 200 points and oil never really recovered. in fact, chevron and exxon weighed on the dow jones industrial average. that weighed on the commodity itself. and then we saw technology. that was a different story. we saw the stocks moving from negative into positive territory throughout the day. and apple and microsoft in the green for the dow jones industrial average. and tesla meets the production goal 5,000 a week. but another blow to the company. the chief engineer leaving after a leave of absence. so that surprised wall street late in the day. analysts are skeptical on tesla. stock finished lower. liz: great to see you, nicole. now, to this story. maxine waters hitting back at her democrat leaders. chuck schumer, nancy pelosi both called her comments unaccessible. chuck schumer said they're un-american to to wanters to harass trump officials. now wat

let's go to nicole petallides on floor of the new york stock exchange, tell us more about the rally. >> this rally across the board with optimism translating from last friday on better than expected jobs report. optimism on our economy. stock market you can see dow in particular up 320 points. haven't seen that since early june, up 1.3%. but the russell and transports also gained. s&p 500 up almost a full percent, as is the nasdaq. we have seen the dow, the nasdaq, s&p, this is three straight days of gains for all three test, boeing up more than 4%. the banks, we'll watch for goldman sachs, jpmorgan. these are names on the move on friday with several is banks reporting. not goldman sachs but jpmorgan, wells tagger go, citigroup -- fargo and pnc. we'll watch the financials throughout the week. look at comcast. this is news, comcast lining up buyers for the fox sports. come comcast is down two cents. looking at twenty-first century fox, parent of fox business network. that is up 1.2%. twitter saying the suspension of the fake accounts did not hurt their reported metrics. we're watching

nicole petallides on floor of new york stock exchange. nicole, what caused a turn around? >> volatility was the name of this game here. i won't even call it a fame. that is what we've been seeing over the last month or so, every headline for trade. we did see technology help to bring nasdaq first into the green. the dow is down over 190 points. look at swing here today, moving into positive territory right here at the very end, to give folks a green arrow today up 33 points. nasdaq started whole thing, that was up 3/4 of 1%. look at "fang" stocks and technologies stocks helped to lead the way. netflix, facebook up more than 1% each. apple, microsoft, being leaders on dow jones industrial average. tesla, that was a big mover, $35 swing. analysts are skeptical. elon musk is touting 5,000 a week, we did it. profitability is coming. the shorts are still out there. in fact 27% of the shares available were sold short. so $2 billion lost in the months of june on tesla. volatile stock. finished down 2.3%. roger federer comes out of wimbledon in unigo, japanese apparel company. dum

let's get right to nicole petallides in the heat of the action on the floor of the nyse. the big board, look at what's going on. nicole, you're seeing a lot of action. tell us what's going on. >> reporter: we've had two very exciting closes. the traders even telling me how heavy and busy today's close was. they looked pretty tired. but we did see a mixed bag. the s&p and the nasdaq i pulled back because of facebook, and in the meantime, president donald trump wowing us at the closing bell two days in a row. yesterday, obviously, the deal with the e.u., and today now with the speech. and so what you're seeing is that the market is still bringing that optimism, up 113 points. facebook down 19%, biggest one-day loss ever for the company since the 2012 ipo, the biggest one-day loss over about $125 billion, roughly, that's the biggest loss ever for a particular company. amazon, let's take a look at amazon. after the bell, well, watching -- the stock is up 3.3% right now. and higher margin cloud business really helping them big picture. also those earnings of two billion, that

major market indices closing in the green, the dow up more than a hundred points let's get to nicole petallides at the big board with the very latest. nicole: optimism about the economy and earnings continues this move to the upside. in fact the dow up for the fourth day in a row finishes up 143 points, and back to back triple digit gains we haven't seen that since june 4 in fact the s&p 500 levels from earlier in the year, so we are seeing that optimism, nobody is talking about trade or worries about supreme court nominee, in fact they're watching pepsico leading the way after better-than-expected numbers and we'll watch for the banks later in the week and google late in the day, alphabet stocks dipped after it was another multi- billion dollar eu anti-trust fine on the way, and nordstrom, well, weak sales outlook weighed on that one back to you. liz: thank you nicole. california's town of stockton now deciding it will give away taxpayers paid for basic income to all of its residents no strings attached. coming up tonight we've got a guest who says forget coming to the u.s. , socialism it's he

nicole petallides from the floor of the new york stock exchange. nicole, start with you. >> what a week. i feel we had so many headlines. it wasn't just tariffs and trade. it was trump in helsinki an trump tweets and earnings we had. how many interest rate hikes are happening going forward. we see the dow squeeze out a gain. i'm talking about for the week. i'll tell you all about financials. we're down six. the s&p dropped just fractionally, down two. microsoft was a he had lear. moves to all-time new high. we were talking about microsoft. azure cloud, 89% growth. office 365, 13% growth. you know what? the analysts are loving it. they're still pumping up price targets, 120, 130. we're seeing a slew of them. it moved to a new record and helped turn the dow around. general electric is a dud. down 21% this year. questions about the full-year outlook. the stock dropped 4 1/2%. the ceo talking about china tariffs and numbers it will be hurt. talking about the week, i am talking about squeeze it out. i just finished talking to charlie prayeddy, our senior

nicole petallides on floor of new york stock exchange. what a trade today, nicole. >> unbelievable. when we had the dip in the middle of the week on trade concerns one of the traders told me early this morning. i'm on the wrong side of the trade. i didn't bet this way and i'm surprised to see this selloff, i'm buying more. i'm buying more because i think it will bounce back. in fact now we see up arrows across the board. dow, nasdaq, s&p, up five of six days. you see here the dow gained 225 points. positive for 2018. you mentioned some of those tech stocks, dave asman, take a look at some of these, here you go. amazon, new closing records. amazon new record. facebook new record. microsoft, google. alphabet. all of these are new records today and i have to tell you everybody are using these phrases when you walk around here, how are people feeling? they're looking at the fundamentals and earnings, using phrases such as robust earnings season. they are just eating this up, they are so excited. one area that will be a little weaker, techs are very soft, watch for banks. they still expe

let's get to nicole petallides on the floor of the new york stock exchange with the latest. nicole?we swung between positive and negative territory, but the dow did finish down 6 points, the s&p down 3. but for the week the dow and the s&p finished in the green. the nasdaq, though, in the red. how about microsoft leading the dow jones industrial average today. in fact, it was higher by 1.7%, hit an all-time high of 108.20. 800 billion in market cap, did so well with the cloud computing services, that grew 89 %. and, of course, office 365 software, that also did well. that unit was up about 13%. ge, on the other hand, down over 4%. tough quarter, and the outlook worries some investors. and then we saw mixed bags for those fang stocks, and financials were up today and jpmorgan and goldman sachs led the week. great earnings. elizabeth. elizabeth: coming up, judge jeanine pirro kicked off of abc's show "the view." the judge says just for having an opposing opinion. we have the judge's inside info on what went down behind the scenes after that epic on-air battle. also tonight politifact

calling out china for currency manipulation, to see how markets reacting, traders interpreting it, nicole petallidesoor of new york stock exchange. they're taking it in stride. it's a friday. what are you hearing? >> we're watching the markets so closely. they watch everything that donald trump says, president donald trump says. they have to digest these things. we're talking about currency manipulation from china, which has been a theme of his a long time. trade tariffs this morning morning touting $500 billion worth from china. that weighed a little bit. we're not seeing a huge selloff. we're holding on to a slight gain for the dow jones industrial average. we've seen gain in some industrials. but market breadth is not great. in fact the down volume over the up volume is actually surpassing that. you are seeing some trade related stocks lower. financials have been the star of the week no doubt. we're watching some of these financials like goldman sachs, jpmorgan, that led for the week. jpmorgan up 4 1/2% this week. goldman sachs, 2.2%. people are trying to decipher between the trade stuff and the

liz: nicole thank you very much nicole petallides. exactly 30 minutes to go before closing bell rings. take a look at the dow 30. it's united technologies soaring to the very top, good earnings news and a positive regulatory approval outlook for its rockwell collins acquisition boosting shares right now up 4.75% and they also own pratt & whitney aircraft engines and oat us elevators. hog shares revved up this is an interesting one the motorcycle leader saying tariffs will have less than a hit than expected on profits they beat the top and bottom line not bad and take a look at this, you're looking at a live picture of, okay look right in the middle where the clouds are, that's jeff flock. he just jumped out of an airplane, and he's doing only what he can do kicking off america's biggest airshow with total flare. the annual experimental air association in osh kosh, wisconsin, we'll show you how this one ends yes that's jeff flock right there, the one on the left. stay tuned. we'll have him on the other end. fingers crossed. ♪ hawaii is

nicole petallides is with us. >> hi, trish. absolutely right, they got the 4.1 number.hey like the print they saw. feeling optimistic going forward. it was a revision for the prior quarter. the dow was up more than 50 points out of the gate. you can see across the board it is all negative numbers. in fact, nasdaq, worse of the bunch, no surprise, it turned negative for the week down 1.2%. as we look at the dow losers you see some tech names in there. we do have intel, microsoft, visa counting more for of the dow's drop. intel shaving about 30 points off the dow jones industrial average after the company's numbers. and you do see it down now 8%. you can see exxon is down 3%. you can see selling going on. it is the social media stocks. when i talk to some of the traders there is so much volatility. this week has been a very exciting week. one trader said forget about the sleepy days of july. that was not this week. it was wild. we saw the tech stocks in particular with facebook, people piled into facebook. it had exceptionally heavy volume on day of the earnings right bef

in a row as investors shrug off trade worries turning their attention toward earnings season, nicole petallidesing all of it people are getting excited again i mean, four days here of all this strength. we just heard from a couple of guests who said this is because the u.s. economy is on solid ground, earnings are going to be good and as much as people were worried about trade it's hurting all them far more than its hurting us nicole what are you hearing? nicole: trish absolutely right and we saw it with pepsi today, and you mentioned the economy was that great jobs report better-than-expected jobs report and one of the reasons why this dow is up four days in a row its longest stretch of gains in four weeks and we're getting close to that dow 25,000 mark, so take a look here you see the nasdac, s&p and dow all gaining mostly green for most of the members among the dow jones industrial average and those dow 30 and of course the heavily weighted ones , boeing, chevron, united health these and dow dupont accounting for more than half of the dow gains some have 132 points right now and also all-tim

for more on the markets, our own nicole petallides on the floor of the nyse. >> this is very interestingry, trish. we went through the whole financial crisis and didn't see a rate hike for a decade, that happened in 2015. you do rate hikes to tame inflation and have slower growth. in the interview president trump said he is not happy about interest rate increases. we have had two this year. we heard from the federal open market committee we may have two more. he appointed jay powell. you're supposed to keep fiscal policy and monetary policy separate. you're not supposed to be commenting on it. president trump, somewhat, speaks his mind be pushed the economy where it is right now, and he is not loving interest rates going forward. in the 1970s, by the way, the two fed chairman were pressured by the johnson administration and nixon administration, but i'm not an expert on this they're saying those easy money policies are widely blamed for inflation surges of the 1970s. we'll see what happens the rest of the year. will we get two more? markets come off the low throughout the day as we heard

nicole petallides on floor of new york stock exchange. a look at what happened with recap. >> adam, cheryl, there was so much volume and volatility. traders were telling me they were getting in and out of stocks throughout the day, selling and buying based on all these earnings. everything, tariffs and trump tweets all that is happening so much to digest. good gdp number of 4.1%. the dow down 75 points. that is half of the total losses we saw at the lowest point. it was down 157 at the lowest point, up 53 in the morning on the gdp print. it was tech that came under pressure. all things technology from ocean media, internet, cloud computing, facebook what a week. there is a look at intel the biggest loser today, down almost 9% and google which, alphabet google hit an all-time high but was down 2.5%. there was a rotation in the 10:00 to 11 hour, people started to dump out, taking profits ahead of a weekend. big news on fox. disney shareholders voted to approve disney's $71 billion purchase of fox's film and television assets. the two stocks

nicole petallides as usual on the floor of the new york stock exchange. we start nicole with you. >> connell, melissa, we see dow at seg lows, tune of half a percent loss for the dow. nasdaq worst of the bunch again. i will get to the fang and tech story over all because it is a really big one. for the dow, nasdaq, s&p is to the upside. big picture earnings have been good news. we're actually seeing the growth of 23.2% year-over-year growth. that surpasses the analyst estimates but i will get right to the tech stocks. really the tech and the russell have investors concerned. we talked to dennis gartman on fox business. he talks about the fannings being defanged. netflix gapped lower. facebook gapped lower, and all the people we speak to on a regular basis, scott red letter and raymond james, you have to watch the selling. as we see fangs entering into correction territory this is where everybody is watching. apple is so key tomorrow. let's pull up apple because everybody will be watching not only for iphone sales and product sales but buybacks, currency sw

liz: any nicole petallides, thank you.ent trump's trade wars are driving some companies to do things they normally would not do. we're hearing reports that companies are rushing to ship out product before certain tariffs go into effect so they are trying to beat the clock. things do look really good right thou though earnings are expected to come in for s&p companies up 21% but is this as good as it gets? berke financial ceo john berke says well for a time we're going to be pretty decent, right? >> liz, earnings are fantastic. market is saying they are ignoring tariff talks. if earnings are up 25% if the first quarter, now the expectations are, closer to 24% because they're going up as these earnings come out. liz: i think that is fantastic, 24%. what is bad about that? >> terrific. market should follow earnings up but the market is not following earnings up. concerns of tariffs. gdp is possibly expected to be 5% this quarter which is fantastic but perhaps some of that businesses are getting foods out the door before they

let's get right to nicole petallides on the floor of the new york stock exchange with the latest on yourey. nicole. >> reporter: well, stocks finished mixeded. the dow finished lower, but the nas a damage damage and s&p gained -- nasdaq and s&p gained. jpmorgan and goldman sachs were among the winners in the dow, microsoft and american express also helped to lead. but it was alphabet after the bell that wowed wall street. in fact, we saw earnings per share crush the estimate. revenue beat, traffic acquisition costs were comfortably below, and advertisement revenue came in way ahead. knocking this one out of the park. take a look at the live trade right now, but just after it came out, it was up five-sixths of a percent. that'll be a new high in tomorrow's trading. elizabeth: great to see you, nicole. look at this, a massive ritz cracker or recall due to food-borne illnesses in salads at mcdonald's, what the heck is going on? doc siegel on what to look out for. >>> also tonight the abolish i.c.e. movement in the democrat party, is it going too far? comedienne michelle wolf parodying i.c.e

let's get to nicole petallides on the floor of the new york stock exchange. u're in the thick of the action, nicole, what's going on? >> reporter: and they loved it at 1:37 p.m. when we got news there may be some sort of deal in the works. we saw dow go from negative to positive territory. and right there in that last hour of trading when we get the news that the concessions have happened. then we see the market jump to market highs. in fact, at the lowest point we were down 128 points, at the highest point 190. so there certainly was optimism. one of the traders came to our booth and said, look how they bend, they love it. he wasn't celebrating that e.u. concessions. on the contrary. he's so happy there aren't trade wars happening. he loves these negotiations. that's what the traders want to see. we take a look at the winners and losers, certainly some of the names that are related to earnings. here are the winners, microsoft, nike, visa on the downside. of course, boeing out with quarterly numbers and the costs that have been on the rise, and that weighed on

i want to get to nicole petallides. microsoft reporting after the bell. >> you know what? have a 4% move according to the options market. get ready after the bell, down 3/4 of 1%. we want to hear about the cloud business, about office 36 a to to -- 365 to name a few. will they clock in a beat. so far it has been pretty good. liz: microsoft at $104. this has been such a strong name finally so many years kind of bouncing around $30 a share. remember those days? >>> historically low jobless claims, rates trending higher, relatively low interest rates, mean the u.s. consumer looking like he or she is in very strong shape position, according to my next guest. tom essay founder of the sevens report. help us invest around that picture here. >> liz, thank you for having me on again. absolutely the consumer space, very quietly the environment is fantastic for the u.s. consumer. record low jobless claims as you said. rising wages. people have money in their pocket. look at xrt. it is a nice broad swath of the retail sector. not too heavy in amazon. amazon is great but pretty expensi

we go to our very own nicole petallides on floor of nyse. >> trish, you're absolutely right hitting the points. first with president trump and vladmir putin, the traitors, all the tvs were on, they certainly had them loud, listening to them. in fact we didn't really see markets trading on it. it ends up being narrowest trading day of 2018 thanks to charlie brady, our senior editor. we were up 30, down 40. to your point we saw oil selling off. chevron and exxon have been big laggards on dow jones industrial average, as far as the whole commodity itself. all this is on easing concerns about supply disruption. and then there is tech. you just showed amazon, on there, you will see a little sneak-peek. you know some of the prime deals kicked in. amazon products, folks, hear it hear first. i saw it with my own ice, echo and fire stick, own products, the deals are on. don't have to wait until 3:00. amazon new highs. microsoft new high, pulled back. facebook new high. got to get to netflix. talking to analysts. we're honed in on netflix after the bell. we'll have it for you. stock is up 3/4 of

let's go to nicole petallides on floor of the new york stock exchange, tell us more about the rally.with optimism translating from last friday on better than expected jobs report. optimism on our economy. stock market

dagen: netflix reportedly testing a more expensive subscription nicole petallides at new york stock exchangea happy 4th watching that netflix today this is all about, another tier the ultra inscription tier in a report, basically saying that in may be other tier may cost more including 16.99, what will new tier bring you some cases exactly the premium plan would be -- four simultaneous 4k streams another saying hdr video to stand out from premium, so they are are apparently testing multiple plans, netflix not reporting this this is according to report we will watch for earning on july 16 after the bell, and analysts are saying that the original programming that is going to give this one a boos one of the analysts has 430 dollar price target closed yesterday 390, looking at facebook now having feature you are caught up all caught up how move things out of chronological order on instagram want to make sure you saw everything last 48 hours anything you might have been interested in let you know you are caughts entire feed over last 48 hours reportedly testing something for facebook, to measure

of trading twitter is efforts to suspended fake accounts reportedly doubled since last year nicole petallidesod morning. >> good morning, maria. you see the optimism with dow jones industrial average futures up 92 watching twitter this morning over 70 million accounts in two months, were suspended you can see the stock up three-quarters of 1% as you noted very aggressive, in looking at the wall of misinformation accounts to see when ones actively managed, putting out fake news deleting accounts, expect some sort of decline, in fact, a decline in the number of monthly user in second quarter and that may surprise people, but a lot of it will be because of exactly this, and when you look at numbers, over from last year, and just, in late december, just over six million looked at closely, potentially, now in may challenged almost 10 million accounts so shows you, how aggressively moving forward with removing 214% more accounts, for violating policy taking a look at groupon groupon jumping this morning, the executive banks contacted public firms to garner interest for the company has been a laggar

so i am dating myself, quick i want to get to nicole petallides. >> good morning they are talking aboutw that unemployment rate move higher more people moved into workforce you have over 600,000 people that moved into the workforce looking for jobs, that shows optimism in fact you are starting to hear peonage in one job looking for another job, that means, good economy, the second thing they are talking about, is that manufacturing number, that 36,000 number in fact that is the best number since december, that comes along, with particularly a rebound in aubldz the financials pared losses futures went into positive territory i thought dow moved into the green after having been down 70 points i see it fluttering around that unchanged line did bring some of them treasury yields flipped some overall feeling optimism of the economy steve forbes said birth of prosperity we will watch for fed indeed, now on this goldilocks report what is that they are feeling optimistic about they like the people are back into the workforce looking for jobs, the one area, wage growth 2.7% year-over-year they l

we have nicole petallides standing by.talking about the potential trade war in china. she spent 10 years in asia. danielle dimartino former fed official joins us. we want to go to jennifer schoenberg for the fed minutes. >> fed views the economy very strong so several participants see more room in the job market to bring in more idle workers that the unemployment rates put on the minutes from the showed from last month. they expect inflation to run a bit above 2%. hope that it is sustainably grow it to the 2% goal. on trade, most participants are very worried about risks and uncertainty trade policy. it could hurt business spending an investment. in fact business contacts in some districts noted that they are postponing or scaling back business investment already on account of tariffs.

nicole petallides here with what the heck happened, nicole? >> indeed.an cut the tension with a knife. [laughter] was she not ready? obviously, she's not ready. okay. that is the closing bell here. so we have a down day after after two up days here. now she is ready. nicole, i was is excited for this, forgetting that we were closing at 1 p.m. briefly. but what happened here? >> reporter: there it is. so there's your macy's fourth of july fireworks. i was just waiting for that to pass. i will tell you, neil, it's very interesting to see the markets today. it was a complete mirror image of what we saw yesterday. yesterday the dow started down close to 200 points, concerns about trade, and then we saw the markets creeping higher led by technology. today a different picture. in fact, we saw some optimism early in the morning and then saw it dwindling off and selling off. in fact, technology was the big laggard today, so such a mirror image, and for the week the dow, the nasdaq and the s&p are lower and tomorrow, of course, closed. we'll see what happens thur

nicole petallides, she has the latest from the new york stock exchange. es, we watched that 377-point7 level that would be correction territory for netflix. i've been talking to a couple analysts, just now, 12:48 just got in my latest note because i've been talking with justin patterson at raymond james. people were concerned about the numbers. they didn't have the subscriber growth. he said the numbers and results could be lumpy in nature. share price had appropriate correction he says, but the long-term growth story is very much intact for netflix. it is well-positioned for 35% revenue growth in 2018 and 2019. we thank him. he is more cautious on this one and concerned about intense competition abroad. getting to the bank stocks, look at these, netflix appears fully valued on relative to the other bank names. he is not as positive. amazon is down .1% but it did hit all-time high earlier today. prime day was a big hit. they had the most sales ever. it beat out black friday. it beat outside per monday. it beat out last year's prime day. it was 36 hours, th

i'm nicole petallides on the floor of the new york stock exchange. a deal and earnings are bringing optimism to wall street. we're taking a close look at broadcom and ca technologies, jumping 18% while broadcom pulls back 14%. this as broadcom is going to acquire ca technologies for $18.9 billion. many of the analysts and investors somewhat perplexed. a lot of questions why broadcom has been growing and known for semiconductor chips and smartphones, why they would move into software and pick up ca which has seen declining profits and is a software company leading the questions of what's next? in the meantime, a strategic rationale, though no one seems to believe in the deal but the ceos are very positive and have come out with statements noting they're thrilled about the deal. in the meantime, a lot of us remember that broadcom was trying very hard to scoop up qualcomm. that was $117 billion deal earlier this year, this was squashed by the trump administration on concerns of national security, but you can see in this deal, the 20% premiums, that's wh

i'm nicole petallides live on floor of new york stock exchange.s report from friday continues to bring optimism to wall street. in fact right now the dow jones industrial average not too far off its session highs. up 307 points. had been up about 313. this could be the biggest pop we've seen since early june, june 6th, when the dow gained 346 points. we're seeing nasdaq, s&p, russell, which is gaining five days in a row, that is the best winning streak in two month, transports up 1.7%. look at some dow winners, mostly winners we're seeing, see boeing as industrial. financials as goldman, jpmorgan, are among the leaders. you have boeing and also goldman sachs and caterpillar adding about 100 points, just those names alone. looking at tech, facebook hit all-time high today. netflix on pace for record close. over at td ameritrade, fresh data from june, investors are buying netflix, selling facebook shares. there are concerns about social media over there. barclays is positive on netflix, overweight this one, despite the fact it run up 171%. low cost