i have not seen a flood of companies that have chosen to list on the nyse.e in this fortunate spot. anything have to do with the first 220 years of new york stock exchange, but the great bulk of local companies list on the new york stock exchange. many on the london exchange do list on the new york stock exchange. speaking of the london stock exchange, the ceo is with theresa may right now. i want to ask about the aramco list they. -- listing. what are you doing different from usual to win over aramco? a year ago that i would be answering questions about oil and gas ipos, i would have been got smacked. feel the price was in the doldrums. oil has come ripping back. it hit 55. it is not just saudi aramco, but lots of oil and gas companies. aramco, oft to saudi course we're going to talk to a great company like that. i will not comment on the specifics. we are a deep liquid market. we have $33 trillion in aggregate market cap. oil and gas, you have to add up the next five exchanges combined to find the depth of liquidity we have. our first oil and gas company w

neil: from the financial perspective, markets perspective, nyse has been on fire. the you guys had a big one, snap, we're seeing a lot more of that sort of thing. do you think the president's agenda is a big reason for that? >> yeah, unquestionably. that is manifest, business confidence has improved. consumer confidence has improved since the election. the dow jones was all the way down near seven teen thousand on the night of the election -- 17,000. the futures were diving and it is up what, 15%. neil: do you worry about the markets with a draw back, still priced for perfect, if this doesn't pan out or tax cuts delayed or even denied or only corporate tax cut or individual rates are pushed back does that unsettle you or what? >> generally i'm somebody who worries and gets concerned about what could go wrong and that's why i'm here today. that is why i made the decision to come to advocate on behalf of listed companies with the partnership with new york city was we need to see deeds follow the words. we need to see actions follow the words in order to have confiden

for the last three years when i talked to ceos, two issues in particular they want us as nyse to come down and advocate on their behalf about. taxes and reduced regulation. you talk about specific regulations and president trump mentioned dodd/frank. there are a few regulations that we take a fresh look at and make sure they are serving a bona fide purpose and not hindering business. for example, the proxy access rules, even the conflict rules. a goal to make sure people are not exploited in the pursuit of minerals but the way the rule was implemented if you talk to corporate leaders they say it's more a problem than anything. >> not every day you get that caliber of ceos gathered together in one room. give us a sense of the conversation in the room whether on these topics you mentioned already or other topics. here we are at the start of the second quarter with confidence high but issues looming. >> like i said, it was fun. i was in the room with several masters of the universe new york business type that are close personal friends of president trump and he called a few out by name.

alex is on the floor of the nyse with more. >> i am here with the chief executive officer of schneider the shares sold in the market range, trading just up a little bit so how are you feeling about how this deal went? the whole process, we had great advisors, the associates of the company did great. andid at the schneider way this seems to be what's happening. it's slow and steady. >> you have been a family-run company for a while and it seems like an opportune time to list the company. what do you think is driving the company being up over the last year. we move the nation's economy with trucking and everyone is hopeful we will start to see growth. i think that's part of it. also the regulations will cause theye to have to decide if are in or out. i think that will be good for the industry. i think that's what it's there is people are hopeful. the national economy has been front and center post election. we have seen a lot of rhetoric from the trump administration around trucking whether it's folkstructure and meeting in the industry. what are the biggest changes that will be under th

nyse composite volume currently running 12% above the within month average.an't remember the last time we heard that it is usually below the average. round two, new traders at new york stock exchange and nymex. matt, a tiny bit of retracement, retrenchment, never get that one right. we're still up 214 points. how much could this muscle up in the last eight minutes? >> we've been up 200 points all day. i can't anticipate it will move tremendously over the last eight minutes unless something really breaks out. a lot of good news. ipos on tap this week. six or seven. same technology companies are leaders. they're reporting earnings. unless you bet against someone like alphabet tomorrow you will really not do anything at end of day, cheer the rally. liz: money coming out of the dollar. in some cases we would see a dropn mmodity prices. lukoil, it did hit a session high, 52.57. gave up early gains. gasoline jumping week over week. that is not helpful to our consumer audience. >> yeah. oil we've been talking about it all year. the u.s. is a swing producer. opec is

lori rothman, we'll have a preview live from the nyse. for a picture with a man who would eventually end his life? what would this controversial image of gunslinger jessie james really be worth? find out tonight on strange inheritance. two new episodes airing at 9:00 p.m. eastern coming right back. the dow up 180. liz: blood pouring, tempers flaring, multimillion-dollar lawsuit. the story is so dramatic, netflix should make a movie about it. if that happens, we should be satisfied with the earnings of both of these companies, and they are reporting the results in just minutes after the bell with analysts expecting -- look at this. a six-fold increase for profits for netflix. let's go to the new york stock exchange. lori rothman is standing by. before we get to that, we've seen these markets ramp up. what's going on? what do the traders think? >> hi, liz, so the investors say they have a shopping list of stocks to buy that don't forget we're about 800 points off the dow, so light volume as you mentioned and it's just a day if you happen to

when we come back the founder of azul, david nleman as his company makes its debut at the nyse.ook at the premarket, more "squawk on the street" continues after a short break. so you're having a party? how nice. i'll be right there. and the butchery begins. what am i gonna wear? this party is super fancy. let's go. i'm ready. are you my uber? [ horn honks ] hold on. don't wait for watchathon week to return. [ doorbell rings ] who's that? show me netflix. sign up for netflix on x1 today and keep watching all year long. >>> jana partners is taking an 8.8% stake in whole foods. three possible additions to the board including glenn murphy. they previously forced board changes at business toi bristol tiffany and safeway and supervalue, at least some overlap in terms of operations there. they haven't spoken with current whole foods ceo john mackey. shares up almost 10% on the news. it did have the impact, jim, of moving the stock. there is generally seeming a belief that this is an undermanaged company that might benefit from some of the focus that at least jana is looking for, in-sto

. >> still to come, two ipos at the nyse elevate just open for trading and it is up about 15.3%.eo of the online lender will join us when we come right back on "squawk alley." the valiant taste times of death, but once!! uh, excuse me, waiter. i ordered the soup... of course, ma'am. my apologies. c'mon, caesar. let's go. caesar on a caesar salad? surprising. excuse me, pardon me. what's not surprising? how much money matt saved by switching to geico. could i get my parking validated? fifteen minutes could save you fifteen percent or more. know you have a dedicated advisor and team who understand where you come from know you can craft an investment plan as strong as your values ♪ know that together, you can establish a meaningful legacy with the guidance and support of your dedicated pnc wealth management® team. >>> stocks are near session highs. dow up 58 points being propelled higher by goldman sachs adding 10 or 11 points to the dow. caterpillar also strong. so is nike. retailers are up. s&p up 0.3 of a%. energy, financials and consumer discretionary are best performing sectors

phil flynn watching big movements in energy from the cme lori rothman on the floor of the nyse. lori, we're down triple digits again! what are the traders saying? >> let me give you the scuttlebutt, david and chairman. delay in tax reform first and foremost. we heard from boston fed member eric rosen again. he is a non-voting member of the he he commented on the balance sheet. that set off some flags. fed with the beige book. not terrible, but the comments equally split. u.s. economy that is, equally split between modest and moderate. not overwhelmingly rousing in terms of the fueling the fire of growth here. so that kind of led to after ibm after the bell last night, this time 24 hours set the tone and slashed all points off the dow. kind of a meltdown from there on. cheryl: thank you, lori from the floor of the new york stock exchange. phil, you have got oil, really getting slammed today, settling down nearly about 4%. what happened to the contract? >> cheryl, it started as a trickle. we got inventory data today was actually kind of supportive for oil. we saw a drawdown in cru

>>> carvana just opened for trade here at the nyse. the stock off about 13, 14%.is the ceo and he jones us here at post 9 fresh off of the opening trade. congratulations. good to see you. >> thank you very much. >> a lot of discussion about the category of used cars, how long it's taken technology to basically blow it open, right? from the model standpoint. explain how it works. >> yes, customer goes to the website, we have 8,000 cars, they can pick the one that you want and go through the financing, trade-in, anything else they want to do. they buy the car, we deliver it the next day and then they have a seven day return policy. >> it's coming at a time where used cars, used car pricing, right, this notion of peak auto in this country is happening. do you believe it? >> you know, i think there's probably something to it. there's generally cycles in automotive and last year we grew at 180%. our growth rate is far surpassing anything that will happen in the macro environment. so we'll keep doing what we're doing. >> the revenues are growing but so are the losses. w

let's get to the floor show, traders at the cme, nyse and nymex. we're up 201 points.elieving is the catalyst? >> we had a little bit of overperformance yesterday from the transportation sector, small caps, mid-caps. also the technology sector despite the late-day selloff yesterday. those groups are pretty much leaders today although most everything is up. so, i think we're going to continue to see that into the close. we'll see if we can get follow through to close out the week tomorrow. not concerned about the budget cap right now. at minimum, they will pass a two week, two week stopgap measure on that. health care earnings. >> take out goldman, ibm, rest of the big caps fueled by comments. early morning rallies faded in the afternoon. not only did rally sustain itself but i can picked up steam after mnuchin's comment. we watched closely in the options market, early yesterday the put-call ratio was exceedingly high, over the top both in equities and the s&p market. that as a contrarian indicated here really indicated very bearish sentiment. so the contraryian side ma

. >> thank you, bob pisani from the nyse. guy what do you think? >> a long day tore bob pisani.. morlgen is probably right. goldn maxon april 17th reported a ridiculous quarter on january 16th or 17th. stock has been basically wound tripped ever since. goldman has to hold 220 in my opinion. >> that i have to come up with a another blockbusters earnings release. >> i'm a bit more skeptical. i started to say earlier in the show, i don't think they will be able to guide in a way that kind of supports where they are. not supporting valuations, valuations are fine. i they lot of things have to go from here, including deregulation and tax reform. they need to you snap something with that yield curve. >> they don't need to do it right overnight. look at that time chart, that tells you you pulled back massively. banks have done nothing this year. >> whoa, the chart w. le talk about the chart the fundamental also? the chart? >> yeah, you know what guys, but, but, why don't you both go chart yourself? >> what? >> you go chart yourself. >> yep. >> you both go chart yourself. >> let's go lo

nyse if anything, is the doing different than usual to win them over?s interesting, if you had said to me when you're ago that i would have been answering questions about oil and gas ipos, i would have been gob smacked. the oil -- oil price was down in the doldrums. now it has come ripping back. it is the hot sector. it is lots of oil and gas companies. multiples are queued up for ipo here. talkurse we are going to to a great company like that. i won't comment on the specifics , but we are a deep liquid market here in the united dates and i take ride in the fact that we have $33 trillion in aggregate market caps. in oil and gas you have to add up, say, the next five exchanges combined to find the depth of the liquidity that we had. our first oil and gas company was 1887. scarlet: that was tom farley, speaking earlier today on "bloomberg markets." joe: let's stay on banks. released a dimon letter today. he writes "it is clear that something is wrong and it is holding us back. the lack of growth and opportunities have led to deep and understandable frustr

assuming some of the big banks some comments in journal today probably concerned about the direction nyseget in front of it laifl has not been a big issue. >> the issue is who owns the data right terry? j.p. morgan's goldman sachss say no, no, we own danew york stock market stock market says we oen data leader of one will the exchanges in terms of investing in your own data who does own data. >> you know first of all, we put a lot into the infrastructure to distribute this data, we invest in it heavily, so i guess there will be debate who owns this data if anybody at all owns it, it is a service at a suits public needs, and we can't have this data doors. >> got to be transparent. >> it has got to be transparent the penal that don't participate in the marketplace are exchanges so a natural distributes of this data but -- what is important here i will speak on behalf of colleagues at nyse we all invest heavily, in the distribution of this market data so everybody can have it globally not just four walls governing place for trade like new york stock market stock market 'cme used to be. maria

breaking it down for us at the nyse, bob. >> reporter: hello, tyler. it's about tech and energy, and that's what's moving the markets. the sectors that are up today, tech and energy, and lagging are most of the rest of the sectors, materials and banks, for example. tech earnings, let's start with alphabet. huge revenue, better than expected earnings. the stock is up as you heard there. amazon, big earnings beat. revenue edged past expectations. both are up. microsoft better than expected earnings. maybe a miss on revenue slightly and that's why it's down. intel not sure why it's down. boosted their qforecast for 201. take a look at energy. now big oil coming in. exxon and mobile good numbers. exxon more than doubled its earnings and the revenues went up 30%. it's a very simple reason why. look at the price of oil in the first quarter of last year. it was $31 on average. last quarter it was $51. that's a huge difference and that's why they did better. here is the bad news. exxon's price is down 10% this year. they're all terrible performers because the

first, though, to bob pisani on the nyse floor. >> reporter: this is unusual trading, tyler, two daysn a row. the s&p 500, two days in a row we move up big and flat lined throughout the day. no attempt to sell off. look at that, two days in a row on the upside here. 14 points away from a historic high. the markets are moving because a lot of companies are giving decent guidance for the full year. look at the effect caterpillar is having on the machinery stocks they compete with. it's moving deere, terex, the whole sector has moved up. elsewhere, yields are backing up. that's helping the banks. the big money center banks have had a terrific two-day run. the regionals are strong. home builders are under pressure. pulte missed and the tariff news, you see the home builders to the down side. risks are lower. there is lower risk from geopolitical events going on. the tax cuts failing, that's a risk but we know that's in play. the president is trying to make some progress this week. economic data, that risk remains high. the first quarter hasn't been good. the bulls are arguing the second q

couple tenths percent, ringing the bell at the nasdaq in a moment, nts multiringing the well, at the nysed of fund sales, last closing bell of the day, of the week, and of the month. sara will pick things up, and i'll join her in just a minute. >> welcome to "closing bell," i'm sara eisen again for kelly evans. let's see how we are finishing up the day on wall street. the week and month as wilfred said, down a bit, russell down 1.2%. nasdaq outperformed all day, did not quite manage to reach a closing high. the story, though, of the week, of the day, too, and of the month, information knowledge, best performing s&p sector today, the week, and the month. this is the fifth gain for the dow and s&p out of the last six months. six months in a row. hot for the nasdaq, and while amazon and alphabet hit new highs today, we're ready for another big week for tech earnings next week. names like apple, square, and facebook all reporting after the bell. previewing the results, whether you should keep buying the tech tear coming up. let's talk about this market, joining today's panel, cnbc senior mark

. >>> when we come back, cadence bank corporation going public at the nyse today. up 9%.17. we'll talk to the ceo right after this break. c'mon in, pop pop! happy birthday! i survived a heart attack. i'm doing all i can to keep from having another one. and i'm taking brilinta. for people who've been hospitalized for a heart attack. i take brilinta with a baby aspirin. no more than one hundred milligrams as it affects how well it works. brilinta helps keep my platelets from sticking together and forming a clot. brilinta reduced the chance of another heart attack. or dying from one. it worked better than plavix. don't stop taking brilinta without talking to your doctor since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. tell your doctor about bleeding, new or unexpected shortness of breath, any planned sur

bob pisani is on the floor of the nyse. saw an interesting report that the first quarter was the least volatile quarter for the dow jones industrial average in more than 50 years. the dow on average moved only about 30 points per day. it looks like we're starting the second quarter with a little more volatility. >> reporter: a little more but volume is still on the light si side. that may continue. we're down but well off the lows, brian. we were as low as 2343. earlier today. we're almost ten points higher on that. volume is still on the light side. not a lot of rush to the exits even though the market is down. what's moving the market? two things going on. number one is this battle we've got between, let's call it the hard versus the soft data between, for example, auto sales which were disappointing and the ism number which is a soft data point down a little bit but still very, very robust. that battle has been going on for a while. then that washington calendar and the trump agenda going on here. so hard versus soft dat

back here, floor & decor's ipo opened for trade on the nyse.r trading under the ticker fnd. we'll be joined by the ceo, thomas taylor, in a few moments. a nice gain after pricing at 21. look at prices of ford, the automaker beats on the top and the bottom line. higher costs for product recalls, commodities, lower sales in north america. ford's down 2%. the atlanta fed just cut their number for tomorrow's gdp figure from 0.5 to 0.2. the dow's gains get trimmed to three. it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why invest in average? when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial market

let's check on the markets and check in with bob pisani at the nyse. >> reporter: hello, melissa. two things moving the market, earnings and taxes. look at the s&p 500, 2396. if we closed here that would be a historic closing high. guidance, number one. this has been a trend. boeing, rockwell, northrop, ingersoll-rand, even timken. earnings have been strong, close to 12%. we've had the best quarter since 2011 and they're not lowering the number. geopolitical risks a little lower. guidance disappointment, risks out there lower. tax cuts are in play. that's a positive that's in play. weak ms. is out there. we'll see if it can get better over the poor first quarter data. everything is moving in favor of higher stocks. >> bob pisani, thank you very much. >>> let's bring in kate warren with edward jones. and michael jones, chief investment officers and chairman with riverfront investment group. kate, i can't speak for my trusty co-hosts but when i go out and talk to people they will often ask me now, doggone it, i missed the rally. i was scared of the stock market. is it too late to ge

more now on today's market action, bob pisani live on the floor of the nyse where the good continue to roll. bob? >> reporter: and this is good times. this is a broad wrally, brian. 29 of 30 dow stocks on the upside. i'll show you how broad it is. put up five of the big dow movers. you have consumer discretionary group, mcdonald's doing well, all the health care stocks up. all the big industrials like caterpillar up. caterpillar has had a great two days. you have the oil stocks moving as oil is moving towards $52. and then you have the tech names, even ibm and goldman sachs is up. 50 dow points, about a third of the dow movers just in these five stocks. you can see what's going on with the ipo business, very succe successful pipeline company today. play on yield, 6% yield, play on oil moving up, and it's a play on stronger market overall. this is a very impressive debut, bodes well for the ipo market. what's the market doing? it's resilient. did you see the action the last three days? every single day in the last three days we've been down in the middle of the day and somehow the marke

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beth comstock from ge, tom farley from the nyse, john paulson, steve roth, largely new york-based.im? >> got some wall people there and private equity, mike corbett obviously someone who would be able to talk about deregulation. yesterday there's full scale assault halftime i think the deregulation is so important. please, with enit comes to the banks, it's pretty much everything. maybe this is back on track. maybe this is what was doing well. now there are a lot of people who feel that what happened with health care was there was an agenda going with a full head of steam for business and got sidetracked. is this the beginning of a way to get back on that ship? i don't know. i think steve vernado has a lot of office space but understand retailers. >> they have office space and small ownership i believe as well. >> look i think that remember those times every single meeting it would be like kind of here is the new things, here is my phone number, call me, we got some dereg and suddenly the morass that is congress and the swamp. swamp is the charge. >> now there's reports this mornin

this is the ipo that just priced and traded up a little bit from the $19 price right here at the nysehe ceo, chris lofgren, coming up next. much more ahead on "squawk on the street." hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade >>> welcome back to "squawk on the street." i'm courtney reagan. here's what's happening at this hour. a senate showdown is at hand over neil gorsuch. democrats will try to block the nomination by denying the republicans the 60 votes needed to proceed to final passage. the gop expected to respond by changing senate rules to require only a simple majority to move forward. >>> japan's prime minister shinzo abe spoke with phone with president trump, a day after north korea launched a ballistic missile. he said he and trump agreed that sanctions are not enough

the company will trade on the nyse under the symbol azul.d, started back in 2000 by jetblue founder david nelleman, he will join squawk on the street at 10:00 a.m. eastern. >> what is their policy on bumping passengers? >> and children in first class? i don't know. >> i don't think they do first class. >> they probably don't. >> yeah, they have -- it's called something. >> azul, i thought you mint jetblue me jetblue. >> leeco has dropped its bid for the takeover of vizio in the u.s. that company cites regulatory headwin headwinds. there was word that the deal would fall through because of the inability to get permission from chinese regulators. >> a little soccer this morning. u.s. and mexico and canada will make a bid to co-host the 2026 world cup. if successful, it would be the second time the world cup that had multiple hosts. the world cup will expand from 32 to 48 teams. under the joint bid the u.s. would host 60 games, the u.s. and canada would have ten games each. >> i don't know about this. >> because? you don't think we're soccer --