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sara eisen is there. what do you have coming up >> reporter: coming up we'll hear from the man who made it all happen live from the incredible three world trade centers with the developer, larry silverstein when "power lunch" comes back. we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. >>> welcome back to pur"power lunch," i am sara eisen. the latest step of bringing downtown manhattan back. our bob pisani has more on downtown's revival >> reporter: the financial district of new york is experi a renaissance downtown now a major hub for tech, media and advertising firms. 61,000 p

i'm carl quintanilla with sara eisen, mike santolli at the new york stock exchange.tocks look to finish on an up note nike near a record on a return to north american growth and europe is up on optimism over a migration deal. got ten year 2.85. road map will begin with putting the first tap of 18 in the books. nasdaq outperforming the rest of stocks azt stocks as tech continues to lead >>> nike topping salesest mates. sales are surging at 9 percent. >> and the trump trade the president telling aids he wants the u.s. to withdraw from the world trade organization. >> we'll get to the markets this morning. s&p and nasdaq on track to finish higher for the month and q2 as it comes to a close. the dow is the one to watch. it's down about 200 points for the month. all though it is up slightly for the quarter. new this morning, axios reporting that the president has repeatedly told white house officials he wants to withdraw from the world trade organization but secretary mnuchin pulling cold water on the reporting saying the story is wrong. that it's an exaggeration. even ax

airlines are lagging some retail names are at all time highs today costco and tjx >> thank you, i am sara eisenhere is what's happening at this hour boston scientific, the company receives a buy approach from stryker. fitbit announces wearables for kids the ace is available at retailers worldwide for $99.95 walmart is launching its own brand of wine. it will be available in 1,100 stores the wine varieties includ let's head to michelle live in singapore, michelle caruso-cabrera >> hi sara we are live right now in singapore. dennis rodman has arrived at singapore, he landed about an hour ago you can see the media surrounding him as he got to the airport. you can't see the t-shirt right on the front it says potcoin.com. digital currency was sponsoring him. he was asked if he was apart o the summit he said i am happy to be apart of it. i feel like i have brought awareness to a lot of things around the world and i feel about north korea. we can't hear the rest of what he said. this was not unexpected. president trump was asked, and president trump knows dennis rodman when he was on "the apprentice"

i'm carl quintanilla with sara eisen and david faber at the new york stock exchange. diana olick in washington. breaking news on pending homes >> carl, pending home sales in may down, 0.5% for the month down% for the year and that is the fifth straight month of annual losses remember, these are signed contracts to buy existing homes so people out shopping in may, you might have seen the sales of newly built homes rose in may but only in the south where homes are most affordable and reel realtors are pointing to affordability. it continues to hamper first-time buyers and move-up buyers as well as the supply situation which is getting even worse. too few homes for sale home sales fell in all regions of the nation for the year, but monthly they did rise in the northeast and the midwest and slightly in the west but they fell in the south. remember that pending home sales are an indicator of future closed sales in june and july. that's a miss. the street was looking for a slight gain. sales down 0.5%. >> diana olick, thank you. >>> we're going to start with this rebound we

. >> sara eisen only goes to the movie for popcorn. >> no way. >> yes, way. >> it's gross.nk about that, snack delivery >> it's a great business >> just sit there, mr. han, get me a pizza it's on. it's on like donkey kong. >>> coming up, rising risks in real estate. why increasing weather worries could be a serious problem for housing. later on, your second half playbook where you should be putting your money to work. make your money work so you can sit on the couch and order snacks from uber are heading bac. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home ♪ >>> a want a friday locket launch you know what we try to do on "worldwide exchange. somebody said i want a rocket launch a live shot of cape canaveral in florida. spacex is launching the falcon 9 rocket and the dragon supply ship it will deliver cargo to the international space station. that rocket is set to launch when it launches, we'll bring you video. you're welcome >>> corporate leaders, if you're looking for a side hustle, becoming a board m

i'm carl quintanilla with sara eisen and david faber.eatening once again to hit the 24,000 level >> our road map for the hour begins with the fears of a trade war. dow and nasdaq in the middle of a sell-off after coming off their worst week in over two months mark zandy with us in a few minutes. then harley-davidson moving production oversea why the president's trade policy could impact some jobs >> and we remain on supreme court watch. key decisions are pending on the administration's travel ban and a few others, any of which could occur this hour. >> first up, some breaking data. let's get to rick santelli at the cme. >> y thank you, carl our read on may new home sales expecting the number around 670,000. we end up with a bigger number 689,000. and that is up almost 7% 6.7% here's the rub the reason it's up so much in part is because we had a negative revision last month from 662 down to 646 but nonetheless, 689,000 is the highest rate of the year actually the highest rate going back to november and for more color on exactly what it ma

. >> even i got on a scooter >> welcome, everyone at home, and wac sara eisen >> how was the walk?> put mine to shame my scooter was better. >> i heard it took you two tries. >> more interviews and top stories we mentioned in the headlines, but to the markets, a volatile session on wall street, looking pretty this afternoon been very encouraging, 0.6% on the dow, more than that on the s&p, nasdaq up a full percent in the last couple hours, momentum now behind the markets trading major averages reversed those earlier declines that we saw >> big rally in financials banks ahead of the stress tests. more on the markets in a moment, but, first, trade, taking center stage in wisconsin today where president trump just toured a new plant, and kayla has all the details. >> in remarks moment ago, we saw a cameo from wisconsin's governor scott walker and the founder and ceo of soft bank who introduced president trump to foxconn chairman who is responsible for the plant that is being broken ground today in mt. pleasant, wisconsin, the site of the president's speech the speech was a proclamatio

i'm sara eisen here th david faber and carl quintanilla we're in rally mode.0.75%, up 181 s&p 500 up continuing the rally we saw from places like japan and hong kong overnight. consumer staples materials, discretionary and technology are all in the lead. mcdonald's is also a winner in the dow today. let's get back out to carl in chicago at mcdonald's new headquarters with futures a long talked about feature at least among the company fans. >> it's absolutely true. for literally years, i'd say at least five years, long time watchers of mcdonald's have wondered what if you could have one mcdonald's in the united states where you could go and mple menu items from mcdonald's all over the world? what if you could go and order something they've tailored especially for australia or uk or honda or hong kong. here at their new corporate headquarters there's a 6,000-square-foot restaurant on the ground floor where they're doing that we tried some of these dishes yesterday. these desserts out of brazil sads out of france the mighty angus burger from canada the mcspicy ch

. >> thanks, scott i am sara eisen. the historic summit is over. now the hard work begins who got more out of the meeting, president trump or dkim jong-un? and was china a big winner shares are soaring double di ne. a clue, the company was one of the picks in the stock draft and the ce be joining us live. if you own a midsize suv, new crash test revealing major flaws. you'll need to hear about that buckle up, "power lunch" starts right now. >>> welcome to "power lunch," i'm melissa lee. market reaction to the trump/kim meeting has been muted we are watching at&t/time warner shares a judge will decide today to block or allow their merger. >>> lands' end posting a smaller than expected loss revenue beating estimates. tyler? >> thank you very much, melissa. i'm tyler mathisen historic meeting between president trump and north korea's kim jong-un but now the hard work lies ahead michelle caruso-cabrera is live in singapore >> the events that happened overnight, tyler, while most americans were sleeping were extraordinary. it wasn't that long ago that p

"power lunch" starts right now >> welcome to "power lunch," i am sara eisen. the nasdaq is trying for a third day of gains in that case and russell 200 is hitting fresh of today's highs today. the tech sector is set to close at a third consecutive set to. amazon and microsoft and facebook and netflix having a most positive impact on the in that case. michelle >> i am michelle caruso-cabrera, the other headlines at this hour, kate spade have been found dead in her new york city apartment, suicide more on this story ahead the extra capital will help fight off the threat from walmart. hudson's bay is reportedly selling guilt group to rrue lala hudson bay paid $250 million for gilt melissa. >> thank you, michelle welcome everybody, i am melissa lee, we begin with trades and including some critical comments with jaime dimon cayla tausche is live with that. >> the business roundtable conducts the quarterly survey and held by bush 43rd chief of staff, josh bolten and jaime dimon. the white house did not respond to a request for comment bus defended trump's trade posi

first, though, sara eisen has a look at what's coming up on "power lunch." hey, sara. >> hey, scott. good to see you. coming up on "power lunch," i'm live today at three world trade center just days before it opens. i'll speak with the legendary developer larry silverstein. we'll talk about the new 2 million square foot complex, the state of new york real estate, and a lot more >> plus, they're responsible for one in every three ad s globally and apple's developers conference kicking off at 1:00 p.m. eastern we have the latest breaking news, instant reaction to the stock and more that and more ahead on "power lunch," but first, "halftime repo back ghafr isrit te alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. need a change of scenery? the kayak price forecast tool tells you whether to wait or book your flight now. so you can be confident you're getting the best p.

shares of nike in the of an are hours up by more than 8.5% let's get to sara eisen who's been monitoringthe new york stock exchange. what's the latest? >> hi, melissa certainly investors like what they see from nike notably, they returned to growth in north america, up 3%. that is key. it is the biggest market 3% to 5% revenue growth for china. one weak spot was the jordan brand which saw volume shrink during the quarter mark parker addressed that on the earnings call just moments ago, said he's optimistic, listen >> this quarter nearly triple the size of jordan's women's sneaker business jordan apparel was up double digits in all gos and the jordan brand in china was up nearly 50%. these are the areas where we see exponential growth and we'll continue to focus. >> pick that one because it was one source of weakness that investors are a little bit worried about but overall the basketball business did grow double digits. the tax rate was a lot lower only 6% taxes. thanks in part to the tax cuts and guess what, that resulted in a $15 billion buyback program. just a sweetener on top of what

. >> thanks, scott i am sara eisen. the historic summit is over. the hard work begins who got more out of the meeting, president trump or dkim jong-un? and was china a big winner shares are soaring double di ne. a clue, the company was one of the picks in the stock draft and the ce be joining us live. if you own a midsize suv, new crash test revealing major flaws. you'll need

but first, to sara eisen in washington we have a very big "power lunch" coming up, don't we? we do. i will see you there coming up on the show, the big market moving event of the day, fed decision 2:00 p.m. eastern, followed by jerome powell's news conls what will he say about the path and future hikes, where we are in the economy plus, we'll hear from representative kevin brady of the house ways and means commtee, his take on trade, north korea, taxes, and much more and bill gross will be with us janice henderson on the future of rates and market implications of the fed a big show live from washington and the nyse ahead on "power lunc "halftime report," though, is back after this break. >>> missed the blit, the call of the day, or nielunusual activity no problem, go to cnbc.com/halftime to see the moves, the trades, who's winning and whose. losing plus, breaking news and analysis just go to cnbc.com/halftime - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can ke

. >>> welcome, i'm sara eisen in for kelly evans, and wilfred will join me in a moment finishing thell street, the quarter, the week, the month on a high note, but as mentioned, well off the highs of the session. dow manages to eke out a quarter percentage point gain. nike a part of the story, closing up 11% s&p 500, actually close near the flat line losing almost all gains, same with the nasdaq. nasdaq down more than 2% for the week s&p and dow down 1% for the week all three of them, though, higher for the quarter, second quarter. russell ended lower. we have michael santoli, and john augustine from huntington private bank, and sandy vallier from the vallier balanced fund, and, mike, final day, there was a lot of end of quarter -- >> a little bit of noise >> yeah. >> quirks in there, and not a lot of noise on the trade front. that helped. >> right that was clear it was more relief than enthusiasm that was driving us, even at the highs of the day we basically had a little of pressure release from the emerging markets they were very stretched to the downside the dollar came off, all t

i'm carl quintanilla with sara eisen and david faber. 223,000 jobs in may.wages pretty good. also balancing that with the trade headlines. amazon all-time high let's get to chicago rick santelli has the latest read on ism and construction spending rick >> chronologically construction spending is an april number and that is up 1.8% and i'll tell you what i rarely get excited about construction spending. that's the best number going all the way back to january of 2016 where it was up 1.9% so up 1.8 is stellar number. now let's get to the more contemporary read on may ism that is up 58.7. another very strong number it's about -- almost a half over what we were looking we were looking for a number slightly above 58. that follows 57.3 and it is the best number going back to -- let's see here -- that's the third best number of the year. high 60.8. that was february. and that's the best going all the way back to 2004 there are some internals the employment, 56.3 and that is not a bad number, down just a tad, especially after knowing what today's employment data is

si rick santelli, thank you i'm carl quintanilla with sara eisen.avid is off markets down on some of the tariff headlines the white house confirming 25% tariffs on $50 billion of chinese goods. that's pretty much the overarching story today. >> that's where our road map for the hour begins. an all-out trade war stocks are slumping on the new tariffs from the trump administration as china prepares to strike back and calls on all nations to oppose this, quote, outdated and regressive behavior >> plus, the at&t/time warner deal is done what's next and what randall stevens told us about his post-merger win plans. >> and it's been one year since the announcement of amazon/whole foods. a look at how it's changed retail, consumer goods and amazon straight ahead. >>> the white house unveiling the list of products from china that will face a 25% tariff. china will respond immediately on the same scale. kayla tausche is in washington with the latest. the white house has escalated this trade fight with china. >> and affirming our reporting that it's a list of

visit directvnow.com ♪ >>> good wednesday morning i'm carl quintanilla with sara eisen and david fabernow, stock exchange. dow up almost 100. 92 just off the initial highs of the session. a lot going on whether it's facebook or twitter or delta warning on q2 earnings >> our road map for the hour starts with trade tension chrs escalating mexico hitting the u.s. with retaliatory tariffs on pork, steel, cheese and other goods. >> the s.e.c. focussing on cybersecurity as cyberthreats on consumers and financial institutions increase. the chairman of the s.e.c. will join us live >>> plus, jobs, jobs, jobs for the first time in 18 years, u.s. job openings now outnumber the jobless. >> let's start with the markets. another rally this morning mixed. the dow is up 85 points. nasdaq is pretty much flat this comes after the nasdaq hit another record high. the world bank issuing a warning saying an escalation of tariffs up to legally allowed bound rates could translate into a decline in global trade flows amounting to 9%. that's similar to a drop seen during the global financial crisis in 2008-09.

i'm sara eisen let's check in on the markets.ocks lower across the board as trade fears continue to shake investor confidence the dow has now wiped out its june gains, breaking its 200-day moving average we'll see if it closes below there. it would be the first time in two years. right now you can see we are off the session lows but still down triple digits, dow down 1.3% the nasdaq composite down 2.25%. utilities and staples are actually in the green today. technology, energy, the big losers speaking of tech, f.a.n.g. stocks getting hit hard. netflix, the biggest loser and semis are slumping as well with the sector etf breaking its 50 and 100-day moving averages micron, nvidia, the laggards materials getting hit on trade fears. tyler, over to you >> sara, thank you very much i'm tyler mathisen welcome, everybody let's get a little bit more on the market slide and to do that, we'll go to bob pisani and mike santelli live at the nyse. mike, is all this trade related or are there other factors at play here? >> i mean, obviously, tr

. >>> i'm sara eisen trump slapping china with new tariffs, china set to slack back, stocks not happyh the latest tit for tat we will go inside the numbers straight ahead >>> the president also making a surprise appearance on the north lawn of the white house this morning, two live interviews, lots of fire and fury, the latest on trump unplugged coming up >>> apple and oprah rah, tech giant striking a talk. the second hour of "power lunch" starts right now >>> welcome to "power lunch. i'm melissa lee. the major indexes off their lows but in the red at this hour. the dow is down by more than 200 points of 0.9% s&p down by about 0.4% or 1 points nasdaq lower by 24 crude oil in a steep decline ahead of next week's opec meeting, investors nervous as saudi arabia and russia indicate they are prepared to raise output crude oil down right now by about 3% on wti and about 3.4% on brent and take a look at some of the big energy names getting hit hard in today's session. marathon, nandarko on the flip side, consumer staples seeing a nice bounce today, colgate, palm olive, all up 1% or more. >>>

decision means for the bottom line, "power lunch" starts right now >> welcome to "power lunch," i am sara eisen, stocks are carving out some nice gains on the first day of the new look dow jones. the dow is still lower for the month of june. although the s&p and nasdaq are both higher for the month. walgreen's replacing ge and the dow today. walgreens is one of the big drags in the group g.e. is the big percentage gainer if it is still in dow oil is soaring at this hour. that's fuelling the energy name. it is the best selling sector right now. >> i am tyler mathisen, welcome everybody to "power lunch. a lot of headlines and actions coming out of d.c. president trump getting tough on trade weighing in on the supreme court's travel ban and ruling and also turning up the pressure on iran. we got our reporters covering all of it from every angle and kayla tausche is tracking the issues let's begin with eamon javers at the white house. >> reporter: yes, the president is upholding the president's travel ban this is the third iteration of the travel ban the trump administration argued that therefore t

i'm sara eisen the dow is struggling as you can see, nasdaq is a clear winner among the major indexesthis hour s&p still holding on to 0.33% gain some video game makers putting up high scores as they're rolling out marquee games at e3, the industry conference. take-two interactive, learnielec arlt arts, all higher today kohl's, nordstrom, jcpenney all down check out facebook, that stock hitting a new intraday high for the first time since february 1st. it is up more than 2%. the other faang names feeling the nasdaq twitter keeps flying higher. again, this stock is soaring today, now up almost 20% in the last week alone, another 5.7% gain for twitter, melissa. >> all right, sara, the trump administration preparing to slap new tariffs on china as soon as tomorrow kayla tausche joins us from washington with the very latest. >> reporter: hey, melissa. the bhous white house is plannio roll out those tariffs tomorrow. it will be a truncated list of chinese exports. the list is expected to include between 800 to 900 products, compared to the oshriginal listo 1,300 products publish bid the u.

i'm carl quintanilla with sara eisen, mike santolli at the new york stock exchange.ike near a record on a return to north american growth and europe is up on optimism over a migration deal. got ten year 2.85. road map

. >> let's go to cnbc's sara eisen joining us. how is the tension going with allies? over the weekend. they're pointing to a higher start on wall street. why? well, markets tend to tune out geopolitical noise. when it comes to trade, no doubt an explosion of global trade has helped the world economy have its best growth in years. so the question is tariffs hurt growth. why is the market not processing that? we talked to a number of investors. the bet is calmer heads will prevail. it's in nobody's interest to have a trade war, especially president trump. we'll continue to monitor this. especially inflammatory ones from president trump's economic team of kudlow and navarro. >> seems like -- this is not a market term but it seems we're in the midst of a confidence bubble where we just assume that institutions will hold. that people see rational actors will pervade. and eventally something will >> right. feels like. >> there are three theories on trump. one of them he is despair, he's going to break up the world order, going to lead us to terrible things. it is never as b