joining us on the panel we have stephanie link, rob cox, global editor of reuters breaking news.what do you make of today's market action? bob pisani highlighting the cyclicals in the lead today. that would suggest people have strong thoughts. >> that indicates the data is good it's also worked in addition to the cyclicals has been the f.a.n.g. stocks and technology symptoms technology has been a big leader of the s&p 500 75% of the gains in the s&p 500 year-to-date have been because of the technology sector so, you have two groups that are working. the group that's not working are the bond proxies they did work today. i think they got oversold. but i think the composition in the sectors that are working suggest to me that underlying fundamentals are very strong what's going on in the macro is just the unknown the unknown about inflation, the unknown about rates, the unknown about the fed. i think that will play itself out and i think people will return to fundamentals. >> who put the penny on my desk? >> i did. >> you want my thoughts? >> i want your thoughts. >> rob cox, we wer

for more i'm joined by rob cox, a columnist and global editor with "reuters breakingvis."thanks for joining us. so, just today, in the last 24, 48 hours, we've seen a lot of activity, a lot of big, kind of household name btonds starting ay i'm not going to give n.r.a. members a discount to go to an event or use my services. is this different than what's happened before? >> yeah, i think this is different. what you're starting to se is people who want a change in gun laws are using the power of the purse. it's not just twitter, but actually they're saying on twitter and on social media, omey're no longer going to give custom to thesenies that work very closely with the n.r.a. now, you're talking about rental car firms, hotels, lodging companies, insurance companies. i'm not sure that's going to alhave a mateffect on the n.r.a., on their budgets, but it's part of a movement. and you have to think back, all social movements or civil rights movements, they always have some sort of economic protest or financial boycott, some element of that, when successful. you know, going all

let's bring in rob cox, global editor at reuters, and james gray from -- dean, i'll kick it off with you do you feel you have a handle on what ge? >> that's the question that everyone is asking with ge, we said this at the beginning of year, because news has been coming in in installments we got another install after the close on friday, as you pointed out. the latest bad news was a potential doj action, on a legacy business so we're still not seeing a bottom. >> rob, that's bad news. you think it's dead money. is there a possibly a case that can be made for an investor who's looking for a deep, deep, you know, bargain? >> i think it's a classic value trap general electric is untangling what is almost 40 years of financial engineering. so it was the creation of ge capital, the financialization of the industrial -- one of the greatest industrial businesses in the world that took place, you know, from jack welch's tenure, to jeff immelt in 2001, and really john is coming in trying to disentangle a giant conglomerate right down to the level of these liabilities still on the books it may

. >> bertha, thank you here with us cnbc senior markets commentator michael santoli and rob cox from reuters breaking views to talk about everything we've seen today real quickly, by the way, in the dow today, exxonmobil, the relative outperformer, amex, american express, was the worst. earnings still do matter what do you make of this >> you're the old newspaper guy. itching to write that lead. >> i actually am this could have been the purge i don't know i think a couple things you can take away from today's action which was it was much more indiscriminate than the week's selloff. they were selling the winners, the stuff they loved and you saw a little bit more caution building up that this was bigger honestly, the sooner we stop talking about mechanical instruments that might be doing something funky to this market and start to say, this was an overextended market that needed payback, i think we're better off. yes, those are all factors they're all in there but you don't want to comfort yourself with the idea it's a flukey thing and will come back. remember, we're coming up on the

rob a high end watch shop. the men in balaclavas didn't succeed in gaining entry and escaped before the police arrived. the headlines on bbc news: the family ofjo coxendan cox after admitting behaving inappropriately in 2015. ministers reject pleas to issue a medical cannabis licence to a six—year—old boy whose rare form of epilepsy improves after taking the drug. the education secretary says that university tuition fees should reflect the economic benefit graduates will have on the economy. and the man with written's forgotten vetera ns and the man with written's forgotten vete ra ns — — and the man with written's forgotten veterans —— and the nuclear test vetera ns. the home office has said it can't issue a medical cannabis licence for a six—year—old epileptic chid, despite calls from a group of mps and his family. alfie dingley, who's from warwickshire, regularly suffers violent seizures. a cannabis based treatment he received in the netherlands improved his condition, but it's illegal in the uk. charlotte gallagher has the story. six—year—old alfie has a revel mafalda lets you and suffers up to 30 violent seizures every day. —— has a rare form

rob rosenstein. >> he would choose the person to replace him when bork fired cox and another man came in and we knowcome of that. >> sandra: house republicans have launched phase two on the steele dossier. what do we need to know here? >> we need to know that christopher steele was probably a double agent. he was probably working for mi-6 at the same time he was working for the f.b.i. it means that neither government wants him to testify under oath in any public arena. there is a lot of dirt there and a lot of dirt that will come out. prediction he will never be charged with anything in an american or british court. >> sandra: they threat en subpoenas. >> i don't blame them for threatening. the justice department and f.b.i. have been very lax in cooperating with the subpoenas. when congress says give us a document the d.o.j. and f.b.i. are supposed to cough it up and they've been drank their feet. >> sandra: so much going on. thank you for going through it all with us. >> bill: as we watch that we're watching this as well. nine past the hour, fox news alert. u.n. security council meeting now on the

cox 9%. john chung has a percent. travis allen comes in at 7%. the top two candidates in the primary will face off in november.>>> rob porter has resigned amid allegations first wife told the daily mail she endured the signal and emotional abuse during her marriage saying he punched her during a to florence more than 10 years ago. his second wife got an emergency protective order against the former staffer in 2010. after he refused to leave their apartment following a separation agreement. he denies the allegations.>>> federal jury awarded $65,000 to a convicted murderer is san quentin prison. they found a female prison worker had used the inmate as a sexual slave. william cordova sued sylvia -- he said she forced him into trading sexual acts for her promise to help find him an attorney. cordova said the abuse started in 2010 when he became a clerk. she taught janitorial skills at the present. she no longer is works there. he is serving a life sentence for second-degree murder and robbery.>>> losses across the board. dow jones lost 19. nasdaq fails 63. s&p 500 down 13. traders are still worried about inflation leading to a faster pace of interest rate h