sara eisen live in washington, d.c.o sit down with the vice chairman of the federal reserve richard clarida. markets trying for a fourth week higher you need 2,77,219 we're shy of right now. >> our road map of the hour starts with major averages closing in on market averages the week the federal reserve cuts rates we will speak with vice chair clarida on that decision if just a few minutes. >>> rocky days ahead for roku. the stocks sliding with the device wars heating up. >> we're also going to speak to the chamber of commerce ceo tom donohue and we'll get the latest on the talks between the u.s. and china. >>> s&p is aiming as we said for four straight days of gains as we wrap up the week but volatility might be in the mix because it is kwud drquadruple g friday repo market was the big topic of discussion during the week new york fed was in again today for a fourth time. the rate under 2 some are saying sort of back to normal. >> yesterday sara and i spoke with manny roman who runs pimco, one of the largest asset manag

. >> and i'm morgan brennan in for sara eisen better than expected retail sales helped calm some worriesplus, that has yields surging to their highest level in weeks and the trade optimism continues. but stocks like apple and broadcom are sinking, weighing

. >> i'm sara eisen. welcome, everyone. let's look what's driving the action, a global rally led by hong kong as we see a step toward resolving political crisis helpful signs out of the uk on brexit, likelihood of a no deal brexit decline and the beige book just out. half a dozen fed officials speaking today as the growing rate debate simmers. speaking of the fed, two perfect guests, both officials who served on the fom, sarah bloom raskin, coming up before the close today. joining us final hour of trade, josh, nice to see you. >> happy to be back, sara. >> 212 point rally here. are you buying into it >> i think what's interesting, the answer is yes. i think what's interesting we've done nothing, given headlines, back to early august, essentially flat i'm not suggesting that's a bad thing. in fact, bulls would say look how much is thrown at the market in the form of tweets and deals and nondeals and fed volatility. in the meantime, yields haven't even stabilized. yet we're still hanging in at these levels i think what's imp

. >> i'm courtney reagan are in today for sara eisen trade optimism tariff sensitive stocks like apple continue to rally. yields bounce as they called the fed, quote, bone heads, saying rates should be taken down to zero or even less. >>> and possibly easing sanctions on iran. josh, kind of a quiet market day here interesting rotations going on what do you make of the action today? >> this week it's just been incredible for anything of value versus growth, anything small over large and there's a tend densy when we see these outside moves. for example, russell up 5.5% over the last week there's a tendency to look at that and say i've missed it or that has to be the top of something. when you actually go back and find examples of this sort of thing happening in the recent past, actually that always had taken place at notable bottoms in the russell 2000. for example, we had three versions of this in the year 2016 where you have just this incredible week for small cap, for value and it wasn't the end of something or a blip it lully was the end of the selling. you can stay with this trade i

. >> i'm sara eisen. welcome, everyone.tion in the final hour it's the white house and momentum for impeachment today president trump promising to release new details of his call with ukraine while speaker pelosi will have a formal announcement this afternoon. the president also taking a somewhat hawkish tone on china at the u.n., potentially underminin

. >> i'm sara eisen. welcome, everyone.riving the action lower right now it is the attack on oil facilities in saudi arabia oil prices and energy stocks are spiking on concerns of supply disruptions. those same geopolitical tensions have the rest of the market in risk-off mode. equity broadly lower, gold higher, treasury yields are slum

i'm morgan brennan in for sara eisen. one of the biggest losers in the dow today on report that is the 737 max fleet may remain grounded until 2020, broader market down more than 1% 59 minutes left of trade we'll tell you everything you need to know today. >> yes, we are, morgan i'm wilfred frost. let's look at when's driving the action weak manufacturing data here in the u.s. fueling concerns and hit stocks. trade pessimism has a more heated tone from the u.s. and china. financials, semis and industrials are all lower and full team coverage coming up dom chu is tracking it phil lebeau with details of on headache for boeing. market down 333. the low of the session 425 down. the dow higher this session down 205 and red throughout the session as you can see sharp selling. let's bring in rebecca patterson with us for the full first hour of the show. good afternoon what's the spark again for the selling? last week a nice end to what was obviously a negative month of august. >> i think what it boils down to is it's not about t

. >> welcome, everyone i'm sara eisen look at when's driving the action higher. thaw in the trade war again. u.s. and china resuming tariff negotiations in october. strong economic data helping ease some recession fears and the s&p moving back above the 50-day moving average. key technical level. tech stocks are leading the rally. two big interviews coming up on "closing bell. box ceo aaron levie and with consumer staples near all-time highs kimberly-clark ceo michael hsu will join us see both interviews only right here on "closing bell. joining us for the entire final hour of trade is stephanie link. welcome back, stephanie. >> thank you. >> so are you a buyer on this trade rally? >> i bought a couple things today. i added to a few positions, nothing new, nothing big, but i think the debate will continue are we going into a recession or seeing slower growth i have been saying i think slower growth mode and a lot of that because the consumer has been quite strong. i know a lot of people talking about that i spent this week at conferences. goldman sachs's consumer

. >> welcome, everyone i'm sara eisen 59 minutes until a live news conference from president trump afterte house released that log of the call showing the president asked ukraine to investigate joe biden. trade deal could happen sooner than expected. data beats with yields as well >>> what e

. >> i'm sara eisen. let's look at what is driving the action in this final hour.g after saudi arabia says production will be fully back online by the end of the month. the president claims that a trade deal could come soon with meetings scheduled for this week in washington and a spike overnight in yields in the repo market put investors on edge ahead of a

. >> i'm courtney reagan are in today for sara eisen trade optimism tariff sensitive stocks like applee to rally. yields bounce as they called the fed, quote, bone heads, saying rates should be taken down to zero or even

. >>> welcome, i'm sara eisen. let's look at what's driving the action higher right now. the federal reserve, as chair jay powell says trade policy is weighing on investment decisions but doesn't see a recession coming. >>> jobs come in light but wages and participation rise and the unemployment rate stays at 3.7%. >>> and china trade talks do appear on track for october. both sides claiming progress joining us for the entire hour, karen finerman, ceo of metropolitan capital welcome. >> thanks for having me. >> this looks like a strong way to end what has been a strong week for stocks. what stood out to you in the rally? >> to me it's the volatility that stands out to me. volatility both up and down. i'm always long bias, no matter what, which is a blessing and a curse. to me this is a scary time i think i'm a little more in cash than i would be and desk y definitely more protected. i want to be more hedged. >> so you've been buying puts? >> yes over the last week i think the volatility -- i think it doesn't fully reflect the volatility that is out there, the tweet that c

. >>> welcome, i'm sara eisen. let's look at what's driving the action higher right now.erve, as chair jay powell says trade policy is weighing on investment decisions but doesn't see a recession coming. >>> jobs come in light but wages and participation rise and the unemployment rate stays at 3.7%. >>> and china

i'm morgan brennan in for sara eisen here at the at&t post. that stock is jumping. more on that stock and the rest of the market with just 59 minutes left until the close. >> and i'm wilfred frost good afternoon to you. let's look at what's driving the action financials, one of the leaders on yield moves and comments out of the barclays financials conference we'll have those details, coming up plus, a rally in energy coming as the new saudi energy minister commits to output cuts, and we get more details on that massive aramco ipo and a small ca

> of course, that was former imf director and now incoming christine lagarde talking to our own sara eisenan hear that full conversation later on today on ""squawk on the street"" and on "closing bell" both shows that sara hosts amazing how that works. >>> we talk trade all the time as it's a major macro story for the market what about the day to day real world implications of the trade war. i'm being told to scoot this way. courtney reagan has a little lesson in called price elasticity. >> i need the screen, brian. i'm going to be a professor. >> thank you very much if you want to figure out how retail is handling tariffs you have to brush up on economics 101. typically raising prices is the last option. if that's the case, it doesn't necessarily mean the tariffed goods are the ones that end up with higher prices well, it's largely determined by price elasticity this is the economic theory that connects price, quantity and demand so this is our demand curve, right? so for an item that's demand elast elastic, it's going to be higher up on the curve which basically means -- i knew i would h

. >> welcome, everyone i'm sara eisen 59 minutes until a live news conference from president trump after the white house released that log of the call showing the president asked ukraine to investigate joe biden. trade deal could happen sooner than expected. data beats with yields as well >>> what everybody has been talking about since the rate cut decision. >> bullard should have called for 75 basis points and he could have the job when powell steps down to spend more time with his calculations. >> i agree completely with bullard, his dissent on 50. >> what's he thinking? then i read his comments and said that's pretty smart it made total sense to me. >> on the bullard side, this gives you a sense of why it's so reasonable i would be watching very carefully for any signs of a downturn. >> of course, there are views on the other side as well, from the other dissenters i think the center of gravity, clearly the center of gravity on the committee is the second adjustment was appropriate. >> that's right. fed president jim bullard joins us here in just a moment josh got a cameo in that litt

. >> welcome, everyone i'm sara eisen let's look at what is driving the action right now trade talks washington but some hawkish quotes from the u.s. side weighing on stocks upbeat data from the labor market pointing to a steady economic picture and yields lower pressure on the short-term spending market eases a bit.

. >> and i'm seema mody in for sara eisen the white house discussing a block or limits on all u.s.at sent stocks sharply lower madridday. tech, software, f.a.a.n.g.-related names all in the red. and new data on personal spending comes in weak joining us for the hou

i'm morgan brennan in for sara eisen. that is the 737 max fleet may remain grounded until 2020, broader market down more than 1% 59 minutes left of trade we'll tell you everything you need to know today. >> yes, we are, morgan i'm wilfred frost. let's look at when's driving the action weak manufacturing data here in the u.s. fueling concerns and hit stocks. trad

, though, lower, down 0.4% on the s&p 59 minutes left of trade >> and i'm morgan brennan in for sara eisen's look at what is driving the action today weaker economic data put pressure on stocks early, but hope for a trade deal has helped to raise most of those losses. a high-level departure from the white house that plays into the trade negotiations oil falling on that news, as well and apple. that event is just wrapping up

. >> i'm sara eisen. welcome, everyone.'s look what's driving the action, a global rally led by hong kong as we see a step toward resolving political crisis helpful signs out of the uk on brexit, likelihood of a no deal brexit decline and the beige book just out.

. >> and i'm seema mody in for sara eisen the white house discussing a block or limits on all u.s. investments in china that sent stocks sharply lower madridday. tech, software, f.a.a.n.g.-related names all in the red. and new data on personal spending comes in weak joining us for the hour is barbara doran from b-88 capital partners good to see you, barbara less than two weeks until the official u.s. china trade talks kick off and a new wrinkle as to what will actually happen when both parties meet. >> it is definitely a new wri wrinkle today. for me the bigger concern emerging is what happens to the consumer all of the consumer data this week was pretty terrific, except for consumer confidence numbers. housing, et cetera, we continue to have strong wages, growth, that sort of thing but for the first time, we're seeing consumer confidence down a little bit, consumers and surveys are saying, hey, trade issues have crept into their head and, you know, my real concern is the margins of companies, if they start to do layoffs, that hurts consumer confidence, and stops spending and that

, though, lower, down 0.4% on the s&p 59 minutes left of trade >> and i'm morgan brennan in for sara eisen let's look at what is driving the action today weaker economic data put pressure on stocks early, but hope for a trade deal has helped to raise most of those losses. a high-level departure from the white house that plays into the trade negotiations oil falling on that news, as well and apple. that event is just wrapping up now. announcements shaking out in the stocks of different competitors. we're going to fill you in on all of that action but joining us for the hour is steve grasso from stuart frankel. steve, great to see you. >> good to see you >> it's amazing. not necessarily a major move for the averages today or right now. everything is slightly lower and actually, if you look at the week, the dow is actually flat so far to start off the week and yet -- >> there's been this great rotation talk to us about that. >> the rotation is coming out of growth into value. how long does that last is how long the market will be under pressure and for now, it probably will last a little bit

. >> i'm sara eisen. let's look at what is driving the action in this final hour. oil prices sinking after saudi arabia says production will be fully back online by the end of the month. the president claims that a trade deal could come soon with meetings scheduled for this week in washington and a spike overnight in yields in the repo market put investors on edge ahead of a federal reserve decision tomorrow. joining us for the entire hour is dan nathan, founder of risk reversal advisers. welcome back to you. >> sara. >> so there's something you're looking at about the s&p 3000 level and fed meetings >> if you go pack to july 31st, the last time that the fed met, they cut a quarter basis points interest rates the first cut in ten years and the stock market was above 3,000. and and it wasn't until the trump tweet the next day that we broke down and stayed down all of augusts here we are now, expectations are for another cut, and it seems like the s&p has really paused again at the same level, about 3,000. >> we've got lots to discuss with dan, but let's drill down o

. >> welcome, everyone i'm sara eisen let's look at what is driving the action right now trade talks taking place in washington but some hawkish quotes from the u.s. side weighing on stocks upbeat data from the labor market pointing to a steady economic picture and yields lower pressure on the short-term spending market eases a bit. joining us for the hour stephanie link from nuveen, a tiaa company so we lost the gains is it on fears ha a trade 2k5e8's getting pushed snout is the market expecting a trade deal at this point >> i think we're a little more optimistic about a trade deal most recently and that's why we rallied as much as we did and that's why rates actually increased over the last couple of weeks but yeah, i think the commentary today about trade kind of pushed us down. but i really think we're still trying to digest what the fed said yesterday i do think it was a hawkish cut but i also thought that powell walked it back -- >> why was it a hawkish cut? >> because you have the dissenters and you were talking about it yesterday you were right on it as soon as it came out ye

i'm morgan brennan in for sara eisen here at the at&t post. that stock is jumping. we've got more on that stock and the rest of the market with just 59 minutes left until the close. >> and i'm wilfred frost good afternoon to you. let's look at what's driving the action financials, one of the leaders on yield moves and comments out of the barclays financials conference we'll have those details, coming up plus, a rally in energy coming as the new saudi energy minister commits to output cuts, and we get more details on that massive aramco ipo and a small cap surge. the russell up nearly a full percent. the broader markets, though, flat s&p just lower dow, just higher joining us for the full hour, stephanie link very good afternoon to you >> thanks for having me. >> markets flat overall, but what's happening underneath? >> massive rotation today, and it actually started over the last couple of weeks and a lot of that has to do with a little bit better economic data that we're getting around the world. even over the weekend, we got the export/import numbers out of china.

. >> i'm sara eisen. welcome, everyone. look at what's driving the action in the final hour it's the white house and momentum for impeachment today president trump promising to release new details of his call with ukraine while speaker pelosi will have a formal announcement this afternoon. the president also taking a somewhat hawkish tone on china at the u.n., potentially undermining hopes for potential trade talks in october and some disappointing data here at home. home price growth loses momentum consumer confidence numbers fall sharply. we are covering all angles of the market and developments out of washington with bob pisani, eamon javers, and ylan mui, also standing by. first, let's bring in steve grasso from stuart frankel he's joining us for the entire final hour of trade. what do you make of the price action around these headlines around impeachment >> i think it's what you said, it was the u.n. presentation and then it led to a little harder stance on china and it went from there to the impeachment hearings or th

i am jon fortt with morgan brennan and sara eisen here at post 9 of the new york stock exchange carluintanilla is on assignment and we're going to begin this morning with facebook. it is down about 2%. several state attorneys general noungs announcing an anti-trust probe into the social network and alphabet, as well. julia boorstin has more on facebook from l.a. hey, julia >> jon, new york attorney general latisha james is leading a bipartisan coalition to investigate facebook for antitrust violations she's joined by seven other state ags plus the ag of the district of columbia, so far the attorneys general saying, quote, we will use every investigative tool at our disposal to determine whether facebook's actions may have endangered consumer data, reduced the quality of consumer's choices, or increased the price of advertising facebook shares moving lower on the threat of potentially large fines from these attorneys general. now, a separate google anti-trust probe is expected to be announced at a news conference outside the supreme court on monday. today's news is in addition to the

cnbc's sara eisen at the new york stock exchange has the numbers. what are they?d. economists were looking for a number more around 150,000 jobs. also want to break apart business and government because it's important. government contributed 25,000 of those jobs, temporary hiring due to the 2020 census. so if you strip it out, you want to get a sense of where business is going right now, business added 96,000 jobs in the month of august. that's actually the fewest number since may. but it's not like it points to an imminent recession or anything. there's still finds of a healthy labor market here, for instance, the unemployment rate still at 3.7%. that's near a 50-year low. wages are rising slowly in this country, and in fact they came in better than expected. 3.2% higher in august than they were last year, about .4% higher than they were last month, so that's good. the labor force participation rate is growing. more people are entering into the labor force, but all in all, this does mark a bit of a slow down from recent months and from last year where we have see

sara eisen has the morning off dow down 77 after a string of gains for the dow and s&p hasn't moved ae last couple sessions. our road map, apple's big day. we'll bring you full team coverage ahead of the product announcement a few hours away. >> we worked some battled ipo plans. sources say it is full speed ahead. >> a new front in big tech's anti-trust battle. the states minnesota's attorney general on why he's investigating google and why data privacy is a top focus. >> some breaking news, though, we want to get to out of washington, d.c. diana olick catching up with treasury secretary mnuchin moments ago as he gets prepared to testify about restructuring the gse. diana? >> that's right. i spoke with secretary mnuchin and asked him his reaction to a court ruling friday that said that the treasury sweep of billions of dollars of fannie and freddie profits was illegal. his reaction was this. >> we're looking at it carefully and we're considering what to do about it, including we're going to consider appealing it to the supreme court. there's aspects of it, two parts of it. one is obvi

welcome back i'll carl with david, sara eisen has the morning off.er to morning highs. dow is up almost 60 as we await data. >> the road map does start with stocks as carl just mentioned. how should investors be playing the market momentum. >> democratic candidates taking on taxes and insurance companies in last night's debate. >> and the house anti-trust panel ramping up its investigation on big tech. we have those details. >> market's up as trade tensions ease the president says he is open to considering an interim trade deal with china. the democratic presidential candidates weighed in on trump and trade in last night's debate here's what they said. >> we're losing billions right now because of trump's policy. >> we want fair trade, but we must work with the rest of the world and he has made a mockery of focus trade policy. >> i remember president trump's scoffed and said he'd like to see me making a deal with xi jinping. i'd like to see him making a deal with xi jinping is it just me or was that supposed to happen in april? >> our trade policy in

i'm sara eisen here with david faber and mike santelli live from post 9 at the new york stock exchange this morning. take a look at the markets jumping to session highs off the back of that better ism services number, especially assuring in light of the weaker number earlier in the week. s&p 3.1% off the back of news of trade talks between the u.s. and china. >> that's where our roadmap begins with stocks up. of course, as seemingly we are going to get china talks back on track in some fashion, we will have the latest on the trade war next. >> plus, the ceo of spirits giant pernod rickard is with us. >> and we will hear from the ceo of royal caribbean on hurricane dorian's impact to the travel industry and the company's relief effort. >>> first up, story moving the market, u.s. and china agree to meet in october for those trade negotiations eamon javers with the latest what do we know? >> we know the chinese were saying that it's going to be in october. but the u.s. side doesn't name a month when these talks are actually going to take place here is the statement from the u.s. trade rep

i'm carl quintanilla with sara eisen and david faber.n 72 on the dow but pretty good numbers out of both the nahb and industrial production earlier this morning. >> our road map for the hour starts with oil. it's sliding right now after its biggest jump yesterday in more than a decade. how to play the volatility with the fed kicking off its two-day meeting. >> kraft heinz in a pickle what's sending the stock lower >> wework delays plans to go public we'll fill you in on the latest. >> let's start with the crazy moves in oil, extending losses right now on headlines that saudi output will be fully back on-line in two to three weeks. this after oil posted its biggest gain in more than a decade on the saudi attacks. brian sullivan joins us with the latest >> sara, good morning. we're at the gas tech conference in houston gains today, gone tomorrow good grief you are right. the only people winning at this are the volatility players some of the equities, heavily shorted stocks, rising 30, 40, 50%. today as you noted at the top we're seeing oil

i'm carl can ta nilla, sara eisen. take a look at the markets here.etting up the pmis in the u.s. aren't as bad as some of the awful numbers. >> our road map starts with christi christine la garde joining us here following her exit from the imf. >> fears of a global slowdown as mav markets in september try to brush off the reputation for the worst month of the year in stocks. >> and the largest investor along with others in favor of ousting the ceo adam newman. we're going to bring you up to speed on a dynamic situation. >> christine lagarde wrapping up a tenure heading to the central bank we had a chance to sit down on friday i asked her about the biggest challenge right now facing the global economy >> the threat against trade at the moment is the biggest hurdle for the global economy yes, indeed. i think we see the u.s. economy continue to grow above potential and, you know, it's the longest period of growth in the history of our country the unemployment numbers are at bottom unemployment rate so it's in a very good place >> on the dynamic of the u

i'm sara eisen here with david faber and mike santelli live from post 9 at the new york stock exchangel quintanilla is on assignment look at the markets. soothing talk on trade from larry kudlow just now on our air, saying talks are going well heading towards october meetings okay jobs report it's making for a flat markets the s&p 500 is up a point. the dow is up 39 the nasdaq is negative we are still heading for our second week in a row of gains for stocks our roadmap starts with the jobs report, coming in weaker than expected what that means for the overall economy. >> big tech antitrust concerns states are planning to launch new investigations of facebook and google what should investors expect >> and lululemon surging we will take a look at the state of the consumer next. >> first up, jobs. coming in headline numbers weaker than expected let's get to steve liesman for more on what was underneath the headlines. >> tfirst it came in below expectations second, in the mix of good and bad data, it didn't provide the definitive judgment on what's going on with the economy that some hoped

and will take you there live as soon as the president xwins speaking i'm carl quintanilla with sara eisend morning. we've back above s&p 3 k as well. >> we have economic data crossing the tape as we speak. let's get to rick santelli for the numbers. over to you, rick. >> absolutely. sara, we're expecting, of course, our september read on richmond, fed manufacturing in that area expecting a light positive and consumer conference richmond fed manufacturing unchanged. goose egg. a little weaker than expected. one in the rearview mirror stands unchanged in terms of consumer confidence for the month of september, conference board says 125.1. definitely a bit of a miss we're looking for a number north of 130 last look at 135.1 for august. gets downgraded to 134.2 that 125.1 with regard to the last time we were at levels like that, well, it's not so bad. we're at 124.20 in march it fits in it's just weaker than expected real quickly, present situation -- we have a revision. originally i saw 0 on the screen for richmond that is incorrect. it is minus 9. unchanged, not correct minus 9. minus 9 cha

i'm sara eisen >> and i'm wilfred frost alongside mike santoli the dow, s&p, nasdaq, let's check in theyegatory. actually, the dow did not, just up six basis points. s&p and nasdaq, just lower saw about a quarter percent of gains slip but for that final 15 to 20 minutes of trade, but we were still well off the lows of the session, which was down 104 points on the dow. those lows coming in the morning alongside selling around the rest of the world. >> and keep in mind, we're 1.1% off of a record high for the s&p 500. what stood out to me is there was strength in the companies that have been doing really well this year. and especially in the consumer space and retail all-time highs for names like procter and kbsk& gamble, dolla, walmart. whether it's a story of where the companies are trading continues to be a bid and staples were pretty strong today in general >> i've got the ten-year over in germany over the last ten days, because i think the key story today was that softer data out of europe. and even though we'd seen yields start to rise, that trend has turned around the last two or th

. >> and i'm morgan brennan in for sara eisen, along with mike santoli, cnbc senior markets commentatorrkets zone you can see the day's market action on the right side of your screen, with the stories still coming up on the tabs a to the bottom of your screen. let's take a look at how we closed the session here on wall street, as stocks settle gains across the board, though off the highs of the day, with the dow finishing up about 101 points the high had been 175. the s&p, also finishing up about 15 points or about half a percent. the nasdaq finishing up about 0.7% and the small caps, the ruffle 2,000 finishing up 0.2% >> tech doing well health care materials leading the charge also worth noting, morgan, the dollar, up 0.3% today. a big move during the quarter, there, as the quarter performance. this, of course, the end of the quarter move now 3.4% so all of president trump's comments about it, he does have a point if you're looking at that last three months and with earnings season coming up, it will be something to keep an eye on. >> all the major averages also finish ed the month hig

i'm carl quintanilla with sara eisen and david faber. some relief regarding hong kong as they withdraw this extradition bill the dow gains 167. >> our roadmap for the hour, hong kong, brexit, international trade data, stocks rebounding. we will break down what's behind today's rally. >> former fed chair alan greenspan will give us his thoughts on the market volatility and fed. >>> and porsche announcing the first fully electric vehicle we will have the details next. >>> stocks rallying with carrie lam announcing withdrawal of a controversial extradition bill that led to months of protests and impacted the economic climate there. some protest leaders say demonstrations will continue unless other demands are met, including calls for greater democracy. the reaction was very strongly positive for the henning ang se hong kong stock market, carrying into overseas. i guess the hope is between the capitulation from hong kong, ie china on the extradition bill which set off these protests 13 weeks ago along with back to school, things will clear d

. >> i'm sara eisen. welcome, everyone. let's look at what is driving the action lower right now it is the attack on oil facilities in saudi arabia oil prices and energy stocks are spiking on concerns of supply disruptions. those same geopolitical tensions have the rest of the market in risk-off mode. equity broadly lower, gold higher, treasury yields are slumping and global growth concerns back in the headlines, as china's economic data comes in weaker. joining us for the entire hour, final hour of trade is keith bliss, managing partner and ceo of iq capital usa. keith, welcome >> thank you very much >> you and i were just chatting about the fact that you were noting that you're kind of surprised that the stock market isn't down even worse. >> i think it's really resilient and speaks to the trend we've been seeing throughout the last 30 days for sure and i've been a big believer that we'll continue to trend higher throughout the rest of the year but think of something like this that happened 45 years ago, when we did have

. >> and i'm morgan brennan in for sara eisen better than expected retail sales helped calm some worries about the threat of recession. plus, that has yields surging to their highest level in weeks and the trade optimism continues. but stocks like apple and broadcom are sinking, weighing down on the broader gains. it really is a mixed picture here the dow is up 49 points, so well off the highs of the session the s&p is down fractionally right now, but keep in mind, we are still in striking distance of a potential record close. so the next hour is going to be one to watch closely joining us for that hour is michelle mckinnon from payne capital management here at post 9. welcome. >> thank you >> what do you think of this market here? we're poised for gains for the week for all the major averages, but the russell 2000 and the transportation average are both up 5%, week to date. >> and so are the banks, like you mentioned. what i'm really looking at is the bond market. we started the ten-year treasury at 1.55 for the week and now we're up to 1.88 and the long-term treasury are down 5% for th