. >> this is when it went town through rick gaines and cory stuart on saturday. >> we have a mt. who is se nding up to ssians. and now, senator cane wants to russians ou enemies. if there is nothing that stands between us, i would hold up cory booker enpoint out that melania trump was start off in another debate. iill be hosting in a news and alreadyre or. check todd will be with that. >>> obviously, we're getting hilt hard. look at this lightning storm. is is in tampa. thousands in the area were without lrhts air conditioning for hours.t we know tha power is back on for most customers, though. >>> wh >>> what did those kids taking advantage for a while. r >>ging pine groves came down so far they had to vac wait. say, as day-to-days goo by, the trees from a bigger concern. >> the rooten balls get s up by the rain not every tree is healthy, either. that brings them down. there were no gusty winds to contend with yesterday. our flaat flood has been extended flu the rest of the day. they may have to pla it through on friday. it is a sauna-like yours. another inch or so likely tomorr

they recruited rick gaines and hampton from the fbi ran those cases.s around helsinki and a lot of us were chasing them. >> summits have come here before. why are the russians so comfortable in helsinki?not just geographically but is it something else? >> i think finland became a bridge between the east and west. after finland maintain their independence, they declared neutrality and did not join nato. they were able to bridge the united states and the soviet union in a productive way. >> we have a soundbite of the president talking about the european union because there's a lot of concern with the eastern - - this is what was said three days ago. >> what's your biggest competitor? globally right now. >> i think we have a lot of foes. i think the european union is a foe. russia is in certain respects. china is a foe, economically. but that doesn't mean they're bad. it means they are competitors. he wants to do well and we want to do well. >> when you listen to the president describe this meeting tomorrow, he wants to get along with russia and you have

gain influence. >> an n.r.a. convention in 2014, 2015, butina met rick santorum, scott walker and bobby jindal along with n.r.a..e.o. wain lapierre. >> met with donald trump, jr. in an n.r.a. convention. >> in a campaign i vent in las vegas in july of 2015, she was one of a handful of people who got to ask then candidate donald trump a question. >> do you want to continue the politics of sanctions that are damaging both economy, or you have any other ideas? >> i don't think you'd need the sanctions. i think that we would get along very, very well. >> trevor: yeah. very, very, very, very well. she was so good, she not only got close to the republicans, she also got trump to answer a question. yeah. that's powerful. and i think that's maybe what the american press needs to do. ( cheers and applause ) to actually get on to donald trump. that's all the american press should do. they should just start speaking in russian ac 70s. it's, like, mr. president, jim acosta cnn -- (russian accent). i don't know what it is about you, jim, something about you, i like you. ( laughter ) maria made friends with russian officials

rick: break that down for us. what does each side have to gain from this summit?foremost, you do have to have some stability in the relationship between the two largest nuclear powers in the world. the chances for miscalculation, for misunderstandings remain very great. we have to avoid that and open up a channel for real diplomacy between us. beyond that, i think the area where they may be looking to demonstrate that they can do something together is syria and for the united states in particular, that is the question of iran's penetration of syria, its efforts to develop a land bridge all the way to the mediterranean to israel's northern border, the danger of a war that neither russia or the united states wants. the president is looking for putin's help with his ally, the iranians. >> rick: we know that russia has a close relationship with iran and syria. so that is obviously a key concern and a key focus of this meeting. john, thanks for your time today, sir. >> thank you, rick. >> rick: up next, more on the president's next step, finland, to talk to president v

natural gas to europe, you have two big american businesses that could gain and maybe even more we know that the secretary of energy, rick perry, is at one of these facilities in maryland. the other big one is in louisiana. what does europe get? less dependency on russia. we've seen how fickle russia can be. >> they use energy as a weapon. >> yes. 2006, 2007, 2014, all of those were horribly cold winters. they turned off the taps in june 2014. people in the ukraine were actually dying. russia just said, you know, you owe us close to $2 billion. europe would love to decrease their independence on russian gas. right now they have a 35% market share. so from the european perspective, they would rather work with america. on our side, we just have to produce more and export more. a lot of analysts say if we invest in this, we could be the top exporter for liquefied natural gas. >> dana: that's remarkable. the agreement they made is to stop the war of words. stop hiding. >> yeah. >> dana: and there's benefit to that. >> of course. >> dana: our allies should push together against china. where will this go from here? >> yes. the

understanding, but he trusted guys like rick gates and rick gates, the defense will say, is lying to you, the jurors because he has everything to gain to avoid prison. >> bill: charlie? barack obama in 2010 lost 63 house seats in his mid term. right now you've got an advantage about two dozen, about 23 seats. this is a part of it. a pretty good raced on there but tampa it looks like the democrat has a pretty firm lead. looks like you can win his district. one of these direct districts that could be switched yet again, but ron desantis coming out today really from the tweets a couple weeks ago seems to have taken an edge over adam putnam in this race for florida. >> as he was saying earlier, it is donald trump's party at this point. there are all vestiges tugging him in the wrong direction at this time's. but the bottom line is, not only did he run on these issues, but he's actually delivered on a startling number of them >> he can swing a primary, what is your sense about a general election? >> it's a little bit tougher but i think the trump dilution derangement syndrome has people thinking this guy can get beaten and that is simply

gain here. let's get to the cme group now rick santelli. >> reporter: thank you, czar perha - sara i like to welcomek you for joining me this morning. >> thank you, rick. >> all right you know, i want to talk about today's number, but i don't want to make that the whole topic today. what did you think of today's 4.1% first look at second quarter gdp? >> we expected a strong number this is a strong number. i think the more important thing is where the growth came from. this isn't growth that came from the revisions. there was no drama in the revisions except the saving rate this isn't growth that came from one-time factors this was household spending, business spending, good solid core growth. >> you know and i find that the case, as well. one of the negatives i see a threat of is that there was so much put forward by reform that may skew growth in the short run. i understand corporations have some issues that they were able to maximize one time when those are done, they still have a significantly lower corporate tax rate, individual/personal income taxes don't have any big one timers. isn't a tax cu

and rick santelli, thank you >>> and we are 44 minutes from the closing bell today we are clinging to those modest gains. 144 points on the dow. up next the bank's cfo joins us to discuss his plans for the turn around. >>> and despite the just department filing an appeal at&t's ceo telling cnbc today he is proceeding full speed ahead with integrating its acquisition. we'll have highlights of that interview and some analysis around the stock coming up are you ready to take your wifi to the next level? then you need xfinity xfi. a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> welcome pack to "the closing bell." about 40 minutes until the bell. you see the dow industrials up about 0.4% the s&p barely clinging to a gain above 2801. that would be the highest close since january 2006 >>> shares of wells fargo are lower after the bank fell short of expectations on earnings. revenue in line with e

. >> rick, thank you very much the stock market's perspective on this is getting a little bit of a lift on the dow, we have given up a good amount of the gainsn across the board as the dow looks to bounce back from tuesday's losses, investors looking ahead to this afternoon's fed minutes and the $34 billion in new tariffs the u.s. is set to levy against china. j.p. morgan asset management global market strategist david, you first, is this all about trade and it's going to be all about trade for the foreseeable future >> i think what you're seeing is kind of policy, particularly in the u.s., the fed tightening rights, moving toward a more -- so to me, it's really a battle of the policy at this point, and who is going to win out? is it going to be that fiscal policy >> we have been range bound, how do we get out of it? >> hopefully we get out of it by having this tariffs fight become more in the rear view mirror rather than something we constantly fret about. on our team, we're positioning portfolios so this will resolve itself to the up side. there is the dangerous that all of the tax cut boosts that people's expectations for future profits w

we've lost some of the early gains, stocks are still higher looking at the dow and s&p dow is up 85 and it's also lower in the sc&p along with financials, rickad on factory orders up four tenths of 1%. most were looking for unchange and another piece of good news, last look was down .8, revision makes it down.4. rather have a positive number but half as negative as it was transportation really improves, up .7 and double from.4 to .9 of the the final read on durable goods, we take the old half reads out and replace it we had minus two tens now it stands at minus .04 on durable goods, unchanged when you strip out transportation, what i was looking at, capital goods orders and nondefense aircraft. that was a minus sign now a plus sign up .02 minus .04 unchanged when you strip out transportation it's better than our last look it isn't spectacular we're a little lower in yields on the long end, dollar index giving back a good chunk of ground from yesterday. back to you. >> rick santelli, thank you. our road map for the hour begins with a brewing trade war that remains front and center for investors. what it means for the future of american busine

gain of 2.9 that seemed to elicit a big response. i think there can be an issue there. for the most part i think the markets are very comfy in these current ranges. >> rick is right to point out the price inflation is at the wholesale level versus consumer inflation. there is the idea that the fed isn't going to be able to raise rates very fast or as much as originally thought because of the trade war. is that true given some of these inflation data that is coming out? >> that is a particularly hard call for the fed at the point where domestic inflation pressures are not tremendous, but there is some underlying upward movement in inflation. there are capacity constraints and when you have maybe another two years of solid growth left in the american economy and you don't know where you will end on the tariff front there is going to be some cost issues. whether consumers will absorb that or not is really an issue, a question at the federal reserve. it's a trade off against real economic growth that may produce somewhat higher prices and weaker economic growth. >> thank you for joining us on this down day on wall street. >>> we have a news alert on papa joh

some decent gains today marking the strongest four-day win streak for the dow and the s&p 500 since mid february bond yields also moving higher we demand the three-year note auction. or rick santelli giving the auction a grade of d-minus saying he actually hoped there was a mistake with some of data. melissa, back to you >> president trump is due to land in brussels in a little over an hour while there, he will attend the nato summit. this gathering of allies comes as tariffs and trade concerns continue to dominate the headlines. here to talk about what to expect is larry lindsey, president and ceo of the lindsey group. he is also former national economic council director. larry, always great to speak with you >> it's great to be here thank you. >> we're just a couple of few percentage points off the highs in the s&p 500 are you surprised that all this talk about trade and -- it seems like neither side is backing off at this point, even though nothing has escalated really >> it is last employment report had metal bashing industries, add jobs. >> mash has a lot of confidence in the economy, and there's a hunch that it's all going to work out in the trade front. >> do you t