. >> peter jones pitched it june 12th, said it was the best idea for the next year or two. gold rallied about 3%. then when we saw on the 19th the fed come out, it rallied another 6% i think to your point if the fed -- if you get less fed, you get less gold rally. >> coming up, financials a bright spot in the market today, hitting a 2019 high, but one of the traders says it could be time to fade the group. we have the details. plus, canopy suffering a bit of a hangover after the ceo bruce linton said he was ousted from the company but is there more to the story than meets the eye tim will read the leaves >> oh, my. >> more "fast money" right after this >>> this cnb program is >>> this cnb program is sponsored by - is where people first gathered to form the stock exchangeee, every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪ your but as you get older,hing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall.

. >>> from nbc news, this is "today" with shanel jones, peter alexander and dylan dreyer. >> good morning and welcome to today. thank you for joining us on this day morning. let's get right to our top story. heopical storm barry moving ashore on gulf coast today. >> here is the very latest right now. barry is packing topped sustained winds of 65 miles per hour. it's not the wind but the rain and the storm surge that is t going to be issue with this storm. >> president trump has declared a state of emergency for louisiana with 3,000 national guard troops poised across the state for rescues with boats, high water vehicles and helicopters on high alert. >> zeroing in on new orleans, the levies are expected to keep the rg mississippi river at bay as the river is expected to crest at 17 feet. that is lower than firstd feare and three feet below what they call a spillover range. >> we have the story with all angles. let's start with kerry sanders. good morning to you. >> reporter: well, good morning from new orleans right her on famed canal street where we're yet to really feel the impact of ba

i'm peter alexander, alongside sheinelle jones, filling in for our friends savannah and hoda on this post july 4th friday morning. we have some other friends outside today. >> listen, if you have to work the day after a holiday, it is a day like today. we have toby keith performing live, and the plaza is packed. people ready for this concert. >> that's country bro. not too late for you to come join us today. >>> we want to begin with the shaky holiday in southern california, where the biggest earthquake in two decades clocked in at 6.4 magnitude. nbc national correspondent miguel almaguer is near the epicenter, ridgecrest, california. miguel, good morning. >> reporter: peter, good morning. this quake was powerful near the epicenter. as a matter of fact, there were two fault lines shaking in the area. it was so strong, it pushed this home off its foundation. you can see by the home next to it, it's leaning. while the quake was disastrous, it was powerful enough to have a real impact. this morning, many are still rattled in southern california. a magnitude 6.4 earthquake jolting the re

going to see coming up this year, this may hinge on whether the fed cuts rates peter navarro yesterday said he expects the dow jones would very soon hit 30,000 if the fed cuts rates and if the trade deal with mexico and canada were passed by congress what is your concern about a fed rate cut and how much it would move the market? >> it's one thing. peter navarro will talk bullish about the stock market being inside the white house he also called for 25,000 on the dow when nobody thought it was possible when trump was elected. one thing that is a mistake about the federal reserve, every time in the last ten years the fed has been accommodative, this has helped the stock market pop immediately. the problem is each one of those times has been a qe, a quantitative easing move, which has added liquidity to the system immediately and the fed, p has not lowered rates since 2008 it doesn't have an immediate impact on the economy or on the markets. people relying on the fed to juice the market after it already had a big run is a mistake. don't get me run, fed accommodation hopefully will buoy the market. when it's rate cuts

three democrats join in the letter and that was doug jones and joe man chen that really led the effort. but i was working closely with jerry petersere is goodwill in the senate to try and fix this problem, but all the components -- i mean, what do you do with the 8 million people in this country undocumented that are in the work force? what do you do with the 1.1, 1.2 million people that have come in since 2012 daca? nobody is talking about what do we do with those individuals? what do you do to help create development in central america so people don't feel that they want to move to america, basically economic migrants, which is not a sal id asylum. we have to start, from my standpoint, reduce that flow of people coming into the country exploiting our broken asylum system. focus on that and certainly try and help central america. >> you gave viewers i think a glimmer of hope that there actually is a conversation being had between conservatives like you and maybe some moderate democrats and maybe some more liberals to try to get beyond the politics and fix the crisis. thank you so much, senator. appreciate it. >> have a great day

democrats join in the letter and that was doug jones and joe mansion and kirsten that led that effort. i was working closely with my ranking member gary peters be constructive so i think there is goodwill in the senate to try and fix this problem but all the come poepon. what do you do with the undocumented people in the work force. what do you do with 1.2 million people that have come in since 2012 daca. nobody is talking about what do we do with those vibindividuals? what do you do so people don't feel they want to move to america, economic migrants which is not an asylum claim. we can spend this entire program and barely scratch the surface of the problem but we have to start to reduce the flow of people coming in the country exploiting our broken asylum system, focus on that while we certainly try and help central america. >> well, you gave viewers i think a glimmer of hope there is actually a conversation being had between conservatives like you and maybe moderate democrats and liberals to try to get beyond the politics and fix the crisis. thank you, senator, appreciate it. >> have a great day. >> thank you. >>> president trump is dusti

jones and dylan dreyer. live from studio 1a in rockefeller plaza. >> welcome to "today." i'm peter alexander. dylan dreyer is here. we're happy to have my white house correspondent hallie jackson here. >> waking up to news of yet another big earthquake hitting our friends in california overnight. >> that's exactly right. the state of california certainly on alert this morning. we want to get to breaking news from overnight. the second major quake to hit california in two days. a magnitude 7.1. this one according to seismologists containing at least 11 times more energy than the first. >> here's the latest, like the earthquake that happened thursday. this one was centered near ridgecrest, california, out in the mohave desert. the quake could be felt from sacramento, to san diego even to las vegas. a series of aftershocks. >> california's governor gavin kn newsom has called on the president to declare a federal emergency. >> is the big one on the way? nobody knows for sure. seismologists say there's a one in ten chance for another test. magnitude 7 quake in the next week. >> we will speak to a

some stop but jones finished the track he beat his personal best but ran it by himself in a race that now does not matter. sitting out for the real one. not ideal for him there in. peter thank you very much for that update thanks for watching the news hour on al jazeera back in a moment with much more of the day's news all the day's top stories coming up right here on al-jazeera in a minute see you then bye bye. on counting the cost $3.00 decades off the collapse of the soviet union russia is engaging with africa to raise its political clout and we look at the economics behind that his decision to buy the s. 400 and f. 35 stealth bomber counting the costs and i just hear. you responding 6 continents across the globe. al-jazeera is correspondents live and bringing the stories they tell of this was done enough to get the fuck up on a lesser scale. we're at the mercy of the russian camp for palestinian refugees i'll just 0 fluent in world news the story goes that the statue of an ancient greek god he beat the waves for millenia. until a palestinian fisherman on earth the priceless relic. the story continues but as the world's attention was drawn to. mysteriously the day