. >> let's bring in peter boockvar you ever get into a fight as a kid? you're on the playground, you have words someone pushes you push harder. you either eventually have to take a swing or walk away. that seems to be where we are in this trade situation this is the third sort of move, period, if you will how does this end >> up until last night i was hopeful this back and forth, which i'm not a fan of the tactics, but maybe that we would get an agreement on intellectual property, but seeing the news last night it confused me more of what the real intention is here what do you think the intention is do you think this is just a big negotiating tactic or maybe that this will end in tariffs being implemented? >> if the focus is to deal with intellectual property, i can say maybe we'll get to an agreement. but this obsession with the trade deficit, if that's the goal, it's hugely misguided. >> so for the equity markets, you wouldn't know it, but the dow is actually up 1.5% this week after today we may not be, but we're holding up fairly well do you believe t

sorkin joe is out today, but sitting in with us is kevin o'leary our guest host for the hour is peter boockvaror. good morning thanks for being here. let's look at the u.s. equity futures. if you saw the market yesterday, you saw the carnage. it ended the day down 458 points for the dow. the s&p off by 60 points the nasdaq was down by 193 points you're talking about almost 2% for the dow. s&p down by 2.25 the nasdaq off by

joining us today on the live show, peter boockvar has a bearish call in the market plus tom kloza rallyhy it's in jeopardy that's at 1:00 p.m. eastern time exclusively on features now on cnbc.com halftime will be back right after the break. (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. >>> shedding light on the difficulties that one time star hedge fund manager bill ackman is facing. david joins us from new york city good to have you on the show. >> thanks for having me scott. >> you write about a guy that's morphing into something far different than a few years ago. >> yeah, that's what is going on right now. he had some huge highs and he has had a bad run of three years. his investors

sorkin joe is out today, but sitting in with us is kevin o'leary our guest host for the hour is peter boockvar, a cnbc contributor. good morning thanks for being here. let's look at the u.s. equity futures. if you saw the market yesterday, you saw the carnage. it ended the day down 458 points for the dow. the s&p off by 60 points the nasdaq was down by 193 points you're talking about almost 2% for the dow. s&p down by 2.25 the nasdaq off by 2.75%. at the session lows, the dow was down 763 points, the nasdaq off by 3.7%. even with those losses at the end of the day, we are talking about the major averages ending in correction territory. dow down 11% from its record high and the s&p and nasdaq off by 10% this morning it looks like a mixed picture. dow futures down by 18 points. s&p up by two. the nasdaq up by 17. no massive moves one direction or another, this is a similar story to what we're talking about at this hour let's look at what's happened overnight in asia. the nikkei was off by a half percentage point stocks were weaker in china with the shanghai composite down. if you look at the ear