. >> i'm scott wapner. talking on scott wapner's half technical foul report, that the stock had come down too far too fast i like nvidia the company very much, so does andrew by the way, and when i debated him about it, i thought he made a lot of sense, the stock had indeed gone from $102 to $168 in a little more than six weeks. yet i felt that the analysis was a bit more than a speeding ticket for nvidia. the stock had accumulated for going up, up, up we agreed to that today when scott wapner's halftime report and it got a lot of tourists i love that. and these tourists were easily panicked, they were fellow shareholders that had to be shaken out with nvidia down from 150, down from 168, is that enough of a correction to get him started with some buys certainly at 1.68, i think the answer is yes. but i also have to tell you, that the first buy if you missed the bottom today, may not be your only buy. the second reason for the decline, kind of thoughtful, but i think mistaken downgrade of apple today. new n

i'm scott wapner our top trade this hour, biotrade breakout. the sector on pace this hour for the best week of the year. why that space is suddenly surging and the stocks you need to own right now with us for the hour today, steven weiss, josh brown, john na najarian let's begin with the ibb and xbi, the two exchange-traded funds that track biotechs making an impressive run. one that you areour own josh brw coming >> we have a massive breakout happening which is the equal-weighted biotech index as i'm speaking, this is occurring. we are now at the highest level since december 2015. that's more than a year and a half ago now take a look at the ibb this is your large cap biotech 300 has been resistance for a long time. looks like she wants to take that out here. if you can get above the 300 level, that's another massive breakout >> okay, josh, it is above that 300 level, as we have this conversation ibb is up 5% in a week xbi, 6.5 >> and what i want to know is not only did it take out 300, it's already 312, there's no serious resistance here unti

i'm scott wapner. our top trade, bank shock. why one well known marketwatcher says that space too treacherous to invest in. you'll hear from him live in just a moment. with us josh brown, john terranova, erin brown with us as well. let's begin with the banks. the red flags, some executives are raising on that space. words of warning that sent many of those stocks selling off this week. they are higher today. markets setting new highs. it does raise questions about whether many of the biggest names are simply worth your money or not. doc, you've been talking about the banks being a good place to be. jpmorgan's cfo starting this yesterday whether brian moynihan, morgan stanley sounding the same sort of alarms. why should investors be in these stocks? >> you should wait for a moment like yesterday in goldman sachs and you see a $7 or $8 collapse. that happens. it happens in great stocks, jpmorgan, whether it's the whale. yesterday it was reaction to the venezuelan bonds that goldman sachs purchased for 31 cents on the dollar. peopl

i'm scott wapner our top trade this hour, stocks surge. the first half of 2017, the bes in four years. now wall street tells us exclusively whether the rally can continue joining us, pete najarian, stephanie link, we do begin with the inaugural halftime survey. we asked 23 of the street's top strategists where they think stocks will go in the second half of the year and how your money will work best in the months ahead let's get right into it. doc, going to you first. >> okay. >> we asked, what do you think the s&p 500 will do in the next six months of these 23 folks 63% say it jumps more than 5%. 21% say moves up, but less than 5% -- so 85% say stocks are going higher >> yeah. and you know how i love to play a contrarian, judge, but unfortunately, i'm not a contrarian with this one i agree with it. i think the second half of the year, we pick up momentum again, that we had in the first quarter, that we basically traded sideways, except for tech and a couple of the health care names, in the second quarter, but i think second half, a lot st

. >> scott wapner is over at the nasdaq we closed at record highs. we didn't see a lot of movement while these hearings were under way. to parce it finely, it's hard to say what exactly the take away here as far as the markets concerned in this particular hearing anyway. >> reporter: it started about 2:42 the level that the dow was up at that moment. it was up 87 points. so it added a little bit the anne anne added a point as well, kelly. pete this underscores the fact that one of the guests was just making that the market is sort of tone deaf in d.c. >> more and more -- well the more it's out in front of them the less interest there seems to be, scott. >> there was that one day where the idea of the comey memos was fresh put out there. the dow goes down 400 points. >> right. >> other than that, it's ignored everything. >> then we have thissal algoric thing. you have a huge spike in the nasdaq and then suddenly we're back to business as usual again. it's 1350. the volatility index was mounted in 9s, now it's in the low 10. will you look at the market

i'm scott wapner our top trade this hour, biotrade breakout.e this hour for the best week of the year. why that space is suddenly surging and the stocks you need to own right now with us for the hour today, steven weiss, josh brown, john na najarian let's begin with the ibb and xbi, the two exchange-traded funds that track biotechs making an impressive run. one that you areour own josh brw coming >> we have

scott wapner let's get to rick santelli in the meantime and get the "santelli exchange," rick. >> good, carl. contrary to human belief, that's a coin, there are two sides to this lately i think there's one side just about to every story in the world, but that isn't accurate and it's not accurate in finance either listen, i'm going to oversimplify, but one of the conventional wisdoms of the world nowadays is that a flat curve is bad for banks, a steep curve is better for banks. one thing i can tell you is that the short end at least is responding like a live frog versus a dead one with a battery skb a couple of wires like the long end short rates are getting raised okay 1 to 1.25 as of yesterday. and the questionable currents of these interest rates really does require flotation devices. it's called libor. okay many of these institutions have floating benchmarks on the money they've lent out rates go up, the benchmark goes up rates go down, the benchmark goes down. so there is another side to the story of banks and how they can fare in a flat yield curve environment whether you believe

i'm scott wapner welcome to f.a.n.g. week over the next five days, we're going to discuss and debate the stocks that have driven the markets to record highs. facebook, apple, amazon, netflix, and google. >> so i like to believe that mark zuckerberg is the steve jobs of my generation. >> amazon just bought whole foods, and so i think they're just like taking over. >> i was watching netflix probably an hour and a half ago. >> it's like life. >> the question now is how long can these stocks keep surging. with us for the hour, pete najarian, steve weis, also with us on set is tony dwyer. weis, i'll begin with you. you like this group? you own netflix. >> i do. >> you say you may buy facebook today? >> i would love to buy facebook. i've been talking about it for a number of days, a couple of weeks. i agree that mark zuckerberg is one of those unique individuals, like a steve jobs, who is creating an entire new asset class, as we look at it, and technology, of course. look, the nasdaq is not expensive. and if you -- it's like

i'm scott wapner. our top trade, bank shock. well known marketwatcher says that space too treacherous to invest in. you'll hear from him live in just a moment. with us josh brown, john terranova, erin brown with us as well. let's begin with the banks. the red flags, some executives are raising on that space. words of warning that sent many of those stocks selling off this week. they a

the halftime report with scott wapner is back in two minutes. hey. pass please. i'm here to fix the elevator. nothing's wrong with the elevator. right. but you want to fix it. right. so who sent you? new guy. what new guy? watson. my analysis of sensor and maintenance data indicates elevator 3 will malfunction in 2 days. there you go. you still need a pass. there you go. oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. >>> all four of the faang stocks have left the s&p 500 in the dust this year. but fund strat run by tom lee, says there's still more gains ahead in the second half of 2017. the firm is sticking with the group, also seeing potential outperformance in the three worst sectors o

he invested 1$100 billion of hi own money to launch swartzman scholars scott wapner has more. >> reporter're extraordinary, 110 students chosen from more than 3,000 applicants, tougher odds thantid they'll face a clash of cultures, language barriers. and unexpected turns >> don't do what i did >> reporter: in a country where the government watches everything >> there's so many interesting things to understand about china. how have they been able to revolutionize their economy? how does the communist party make its decisions how does a chinese student think? these are interesting questions for me and they're the ones that i came here to answer. >> a billionaire's bet, the best and brightest premieres sunday night at 10:00 p.m. on cnbc. in tt o ext, why one markepr thkshe fed sit the bar very high indeed. hey, i've got the trend analysis. hey. hi. hi. you guys going to the company picnic this weekend? picnics are delightful. oh, wish we could. but we're stuck here catching up on claims. but we just compared historical claims to coverages. but we have those new audits. my natural language ap

i'm scott wapner. our top trade, rate shock. why bond yields keep dropping and why some say stocks could be next. with us for the hour today -- also with us from chicago, cnbc's rick santelli. let's begin with the market. stocks are fighting back and fighting for positive territory today. it is bond yields though, which are grabbing our attention this hour, falling to their lowest level since after donald trump was elected president. the question is is, how concerned should you be? doc, something's got to give, doesn't it? how long can stocks and bonds continue to go up together sh. >> i'd say several more basis points out of the bond, judge. we have got low volatility, low inflation. those are both helping stocks and bonds. the bonds of course are just running like crazy. there must be more shorts in this than in tesla, but down at 214, 212, where ever the ten year is, you could see it push to two. perhaps under two. >> k is to bes are going to continue to go up. >> if it's because of low volatility, then where he, and china sa

i'm scott wapner welcome to f.a.n.g. days, we're going to discuss and debate the stocks that have driven the markets to record highs. facebook, apple, amazon, netflix, and google. >> so i like to believe that mark zuckerberg is the steve jobs of my generation. >> amazon just bought whole foods, and so i think they're just like taking over. >> i was watching netflix probably an hour and a half ago. >> it's like life.

i'm melissa lee in today for scott wapner top trade today in just a few hours, investors could get als, as stress test results will be unveiled this afternoon. with us for the hour today, jim leventhal, steve weis, jon and pete najarian, and courtney gibson, president of loop capital. the top-performing sector of the day had a very strong day yesterday, as well, pete pete, i know you've been in on this trade you've been a financials evangelist what do you do >> and continue to be. and i think you can ride

i'm scott wapner our top trade this hour, why a one-time raging bull is now growing even more worriedly. why he thinks a bill pullback is coming with us for the hour today, josh brown, jim leventhal, and kate moore is here. blackrock chief equity strategist also with us today from minneapolis is pete najarian let's begin with that breaking call from tom lee, slashing his earnings outlook today for the remainder of the year and next the

scott wapner has the day off a big day for the banks. they are getting the green light to increase dividend payouts and share buy backs. joining us for the hour, john najarian, josh brown who by the way was named number one most influential advisor by investopedia. >> thank you to investopedia. >> michael farr, ceo of farr, miller and washington. mr. wonderful himself, kevin e o'leary himself the markets have turned south. the dow jones industrial average is down 158 points about 3/4 of 1%. the nasdaq is your big decliner. that is down 1.73% we'll get more in the tech weakness coming up the yield on the ten year note is in fact inching a bit higher today. john najarian you pointed out before the show that there is a lot of things we can point to but that euro was weak what is the root cause of what we are seeing today? >> i think some of the comments from draghi and some of the things that have been going on over seas, not the lack of growth i know kevin's going to hit on that for sure because that's one of his big points about why you s

i'm scott wapner our top trade this hour, stocks surge.7, the bes in four years. now wall street tells us exclusively whether the rally can continue joining us, pete najarian, stephanie link, we do begin with the inaugural halftime survey. we asked 23 of the street's top strategists where they think stocks will go in the second half of the year and how your money will work best in the months ahead let's get right into it. doc, going to you first. >>

. >>> i'm scott wapner, coming up today on "halftime report," amazon, whole foods deal and where amazoning to strike next plus, snap shares drop to ipo price. one analyst says don't worry, that stock's about to soar he's with us live. and top retail analyst matthew boss of j.p. morgan just threw in the towel on nike after having a buy rating for years. sarah, see you in about ten minutes or so. >> that was a big call looking forward to that. scott, thank you back to our top story, amazon buying whole foods this morning. stocks of supermarket chains getting rocked it's across the board including walmart and costco consumer staples are the worst performing group right now on the s&p. joining us now is stu leonard jr., the new ceo of stu leonard grocery store here in the tri-state area employs more than 2,000 people, five locations, opening your sixth this year thank you for joining us, stu. so what's your reaction to the fact that amazon is getting in on the grocery game going all-in on whole foods, bricks and mortar, how much does it change the equation >> you know, i've been in the busi

scott wapner has the day off a big day for the banks. getting the green light to increase dividend payouts and share buy backs. joining us for the hour, john najarian, josh brown who by the way was named number one most influential advisor by investopedia. >> thank you to

i'm scott wapner our top trade this hour, why the five-star fund manager who's beaten 99% of his peerse just sold amazon and whether you should, too. with us for the hour today, josh brown, joe terranova, pete najarian, and erin brown with ubs o'connor let's begin with the tech rally resuming today there is a look at the markets nasdaq's up 1%, joe. >> well -- >> people

the halftime report with scott wapner and the traders are back in two minutes. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov we're opening more xfinity stores closer to you. visit us today and learn how to get the most out of all your services, like xfinity x1. we'll put the power in your hands, so you can see how x1 is changing the way you experience tv with features like voice remote, making it easier and more fun than ever. there's more in store than you imagine. visit an xfinity store today and see for yourself. xfinity, the future of awesome. >>> welcome back. the global exchange conference kicking off today in new york city. that's where bob pisani is right now. tom of interactive brokers. bob? >> hello, scotty and of course, the heads of all the exchanges and the brokerage firms here to talk about what's going on in the brokerage and trading world. thomas, well-

i'm scott wapner. our top trade, rate shock.keep dropping and why some say stocks could be next. with us for the hour today -- also with us from chicago, cnbc's rick santelli. let's begin with the market. stocks are fighting back and fighting for positive territory today. it is bond yields though, which are grabbing our attention this hour, falling to their lowest level since after donald trump was elected president. the question is is, how concerned should you be? doc, something's got

we'll turn it over to the halftime report and scott wapner as we watch the white house. >> all right, thank you very much. that is vice president pence speaking of course with elaine chow. the transportation secretary there as well. as this usually goes, it will be b the vice president we would expect to introduce president trump. we expect to appear in the east room of the white house, sign a letter to congress about the privatization of air traffic control, then make some comments regarding that and probably more broadly, on his infrastructure plans, eamon is in the room i believe

amazon and alphabet recover within five days for more, go to cnbc.com/pro the halftime report with scott wapner and the trader ss back in two minutes. usaa gives me the peace of mind and the security just like the marines did. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children. we're the williams family, and we're usaa members for life. become a villain again.. mmm. [ minion babble ] [ minions cheering ] [ minions sighing ] [ minions cheering ] [ minions booing ] okay minions, we're going back to villainy. [ minions shouting ] ♪ so bad ♪ so good that i'm so bad... ♪ [ honking ] so, you're villains now? [ nervous laughter ] i mean, hello sweetie. despicable me 3. rated pg. >>> welcome back legendary investor ron barren on tesla this morning on squawk box is our call of the day. >> i think it's going to be 500 or 600 next year and 1,000 in 2020 >> okay, dock. >> i think you're late to the party on that. ron is a brilliant trader investor not going to go against. just saying after this run, i would be a li

. >> i'm scott wapner.

i'm melissa lee in today for scott wapner top trade this hour, nike just did it the world's largest footwear company posting strong earnings. the street buying the stock hand over phys today. with us for the hour, josh brown, jim leventhal, jon najari najarian, head of global investments at ubs shares of nike are rallying. jim, you own it. are you buying more? >> i bought a little bit more. i was hoping to load up the boat today, but i just can't, for two reasons. and i would love to get jay's opinion on this, but it's up 9% today. i'm not going to go chasing it i think it will go higher from here, but the question is, i thought the earnings quality was really kind of low you had gross margins that went do down you had revenues that were okay, but a tax rate beat. >> so why'd you buy a little when the stock was up so much when you're throwing shade on the quality of earnings? >> i've got a lot of dry powder left to go in this name. i'm not going to buy it all today. look, i think this was a question, melissa, more than anything, of the expectations were so low, particularly in north america,

i'm scott wapner our top trade this hour, why the five-star fund manager who's beaten 99% of his peers over the past decade just sold amazon and whether you should, too. with us for the hour today, josh brown, joe terranova, pete najarian, and erin brown with ubs o'connor let's begin with the tech rally resuming today there is a look at the markets nasdaq's up 1%, joe. >> well -- >> people getting all upset over nothing the last couple of weeks? >> i think the last ten days, we've been talking about the distinction between having a longer-term portfolio and wanting and needing the exposure to technology and really not touching the technology in the longer-term portfolio. this is a short-term trading event. i think today we are bouncing. i don't think it's over for a lot of the volatility that we're seeing in the fang names we could see more, if you want to selectively buy in your longer-term portfolio, i'm fine with that, and as far as getting out of amazon, longer term, i don't think that's the right thing to do. >> okay, difficult to get inside the head of somebody who's not sitting

i'm scott wapner our top trade this hour, why a one-time raging bull is now growing even more worried about the rally. why he thinks a bill pullback is coming with us for the hour today, josh brown, jim leventhal, and kate moore is here. blackrock chief equity strategist also with us today from minneapolis is pete najarian let's begin with that breaking call from tom lee, slashing his earnings outlook today for the remainder of the year and next the one-time bull getting even more concerned tom joining us now on the phone. tom, you there >> yeah, i'm here. how are you guys >> what prompted you to take down your earnings estimates, which theoretically leads to a lower market in your mind? >> well, i think part of it has to do with a lot of folks recently talking about how low inflation is good for stocks, because it's helping the multiple but what we're starting to point out and what we want to point out to investors is lower inflation means revenue growth pressures, but with labor costs rising, we know this is going to result in a profit squeeze so we're really adjusting our estimates

for more kensho, go to cnbc.com/pro the "halftime report" with scott wapner is back in two minutes. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. when a fire destroyedwith us everything in our living room. we replaced it all without touching our savings. yeah, our insurance won't do that. no. you can leave worry behind when liberty stands with you™. liberty mutual insurance. it's not just a car, (work sfx) it's your daily retreat. the es and es hybrid. lease the 2017 es 350 for $329 a month for 36 months. experience amazing at your lexus dealer. [ gasp ] if you fire him, you're agent gonna have to fire me. do you really wanna do that? uh, do ya? [ screaming ] well, i guess she did.

we'll turn it over to the halftime report and scott wapner as we watch the white house. >> all right, thank you very much. that is vice president pence speaking of course with elaine chow. the transportation secretary there as well. as this usually goes, it will be b the vice president we would expect to introduce president trump. we expect to appear in the east room of the white house, sign a letter to congress about the privatization of air traffic control, then make some comments regarding that and probably more broadly, on his infrastructure plans, eamon is in the room i believe as well. or certainly at the white house for us today. outside i'm told, forgive me. eamon, what are you expectations today? >> that the president is going to talk about an infrastructure proposal here, a piece of a larger agenda they're going to roll out later in the year. we're talking to white house officials before this event as we wait for the president to come in and we're seeing they're going to break this out as a separate piece. the air traffic control privatization piece then later, they're going

i'm melissa lee in today for scott wapner top trade today in just a few hours, investors could get a bright green light to buy financials, as stress test results will be unveiled this afternoon. with us for the hour today, jim leventhal, steve weis, jon and pete najarian, and courtney gibson, president of loop capital. the top-performing sector of the day had a very strong day yesterday, as well, pete pete, i know you've been in on this trade you've been a financials evangelist what do you do >> and continue to be. and i think you can ride it all the way up into these numbers. i think we'll start to see some of the numbers actually come back into these financials they've lagged, they haven't performed. they had that great run after the president was elected and they've basically poaused. i think it's ready to finally start to break to the upside we've seen the kind of option activity that tells us right now, it's not just the individual names, the entire xlf. people come in there and buying huge numbers there, looking for more upside. >> and it doesn't headquarter that yield curve ha

scott wapner asked me. and we have peter gasner.tion now, this is a company that is in the oil patch and seeing good business. i cannot wait for tonight's -- i can't wait for everything. >> i don't blame you. >> i can't wait for everything. >> good, that's the way to be in life. i mean, come on. >> you can't wait for the phillies next game. >> how about a nice hawaiian punch. >> all right. you had to join us earlier if you're not getting that joke. it was a joke, i hope. coming up, carl has a lot more from the code conference, including a live interview with dick costolo and then the exclusive with jay powell. keep it here. s my headquarters. this is where i trade and manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. welcome to holiday inn! ♪ ♪ whether for big meeti

. >>> good afternoon, this is scott wapner. i just want to call your attention on the right-hand side of your screen, that is the president of the united states. he has made the two-mile trip to the omni shore um hotel in rock creek park. he is making a speech in front of the faith and freedom coalition, so that is donald trump there. the president of the united states. as this hearing continues to go on on capitol hill, we're going to go back to that hearing. when it ends, we do expect a statement of some sort from the president's private attorney, marc kasowitz. you can watch the president speak live if you'd like on cnbc.com. we are live streaming that now. as you can see, senator john mccain is asking questions of the former director of the fbi. i'll take you back to capitol hill. >> tell me the difference between your conclusion as far as former secretary clinton is concerned and mr. trump. >> the clinton investigation was a completed investigation that the fbi had been deeply involved in, so i had an opportunity to unders