. >>> live from the nasdaq market site i'm scott wapner in for melissa lee. tonight, on "fast" one of the big est bulls on wall street getting more bullish tony dwyer just raised his s&p target for the next two years. he'll explain what has him so excited. >>> plus, is tesla about to ge its groove back? the chart master who called for the pullback now says it's time to buy and after you see his charts, you might be buying, too. >>> and later, blue apron making a comeback today after a tough debut week following its ipo, but if history is any indication, you might want to sell. >>> first, we start with the wrath of amazon, prime day kicking off in four hours. the kpaeccompany has been takino prisoners especially in retail spice as it continues to dominate retail stocks feeling the heat, sinking 2% today, hitting their lowest levels in three weeks amazon announced its own version of the geek squad, costco falling after a downgrade from bmo, says sales aren't enough to combat the amazon effect walmart under pressure and the department stores like macy's, well, t

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i'm scott wapner more than 60 s&p companies are reporting earnings over the next five days. will the results send the markets even higher or throw a wrench into this rally with us, stephanie link and jon and pete najarian and jim cramer, the host of ""mad money."" so many big names reporting earnings across a wide array of critical sectors you see what they are doing today. is this the week that will decide the fate of this rally? >> i would say yes the plethora and broad range and what i'll also have to tell you is that it will be good. we have so many top-quality companies reporting this week. i mean, look, there are companies that are so on fire that are big cap i'm talking about microsoft, which we all like. microsoft is doing everything. a johnson & johnson, now up 20 points, even though it's not necessarily on fire, these are the stocks that have been percolating up. >> we've got the calendar up now. >> travelers last time, so-called disappointment went up another 15 points. united health. steph, i look at you and say, does it not have 200 written all over it? >> absol

let's get over to scott wapner and "the half. >> and welcome to "the halftime report." i'm scott wapner rally and risk one well-known market bull expects the stocks to keep climbing but is trouble lurking in the weeks ahead pete najarian, steve weiss, rich brown and rich saperstein. let's begin with the rally the dow, s & p on back to back earnings. >> it's more than good it's now great when you see every single day, whether it's bank of america or jpmorgan or goldman sachs and you start looking at other areas like boeing and microsoft -- >> you're not touting the bank earnings as being great? >> oh, come on. >> coca-cola, at&t, i've got you. >> are they near the top i think they're near the top yes, they are. >> highest close since '07. >> i'm in your corner, buddy. >> we're getting the facts and the facts are beats on the earnings side and revenue side and with few exceptions, this has been outstanding so far. we still have a lot to go. >> you with them >> i'm with them there's the so-called wall of worry out there. i don't think it exists. there's complacency. i agre

let's get over to scott wapner and "the half. >> and welcome to "the halftime report." and risk one well-known market bull expects the stocks to keep climbing but is trouble lurking in the weeks ahead pete najarian, steve weiss, rich brown and rich saperstein. let's begin with the rally the dow, s & p on back to back earnings. >> it's more tha

i'm scott wapner more than 60 s&p companies are reporting earnings over the next five days.e results send the markets even highe

. >>> welcome to the halftime report i'm scott wapner our top trade this hour, the warning heard round wall street. why howard marks is growing more cautious on stocks saying it is better to sound the alarm bells now than after a serious correction is underway. >> since we never know when risky behavior will result in a market correction, i'm going to issue a warning today rather than wait until one is upon us sure this warning is likely to feel premature and perhaps it is, but i think it's better to turn cautious too soon rather than wait until it's too late. >> in addition, marks writing that asset prices are high, quote, across the board. that there are few bargains to be had and that a growing number of investors are embracing increasing risks to achieve their returns. here to discuss that and debate the memo, the stocks which are moving today at this hour, pete s na jaaron. also with us is cnn's leslie pi pickert going through this memo. it is from oak tree's howard marks questioning whether stocks are too expensive. jim, he says the s&p 500 selling at 25 times trailing 12 month e

i'm scott wapner we begin with breaking news this hour, an historic meeting between president trump and russian president, vladimir putin, in hamburg. our eamon javers with the latest from the g-20 in germany where, eamon, we believe this meeting is still going on. >> reporter: yeah, that's right, scott. at about 28 minutes past the hour, we got a note from the white house press pool which said that the meeting, they had been told, was still going on, about an hour and a half into the meeting at that point. that was about half an hour ago. the two leaders now pushing about two hours for a meeting that wasn't supposed to go anywhere near that length. so much curiosity around the world for what the two leaders will be discussing in that meeting. one of the questions on the american side is whether donald trump would press vladimir putin on the issue of russia's interference in the 2016 election campaign. no word yet on whether any of that was discussed we'll wait for some more reporting. there you see the picturing of the two leaders earlier before their meeting. we heard a bit from the p

. >>> i'm scott wapner coming up on "the halftime report," upgrading snap right before a crucial momentor the company. >>> plus, shares of target are jumping today after the company surprises wall street. is this the moment to take a big risk on retail we are covering president trump's paris news conference live and the big meeting with gop leadership over the health care bill as the stakes rise in that battle as well jon, see you in a few. >>> details on the new senate health care bill coming out and the cbo score on president trump's budget just a few minutes ago. for more on the budget, let's go to washington and ylan mui >> under president trump's budget, it would be 1.9%, which is less than the 3% forecast that translates to 3.6 trillion in revenue over the next decade and one of the reasons why the cbo says that the president's budget does not balance. it would reduce the budget by a third over the next ten years but doesn't eliminate it entirely in 2027, the deficit will still be 720 billion it also estimated that the debt to gdp ratio will reach 880% by the end of the next decad

money" does start now live from the nasdaq market site overlooking new york's times square i'm scott wapner in for melissa lee. our traders are -- tonight, t a snape disaster shares of the social media company sinking after one of its lead underwriters turns on the stock. how low can it go? plus, prime day in full swing. we'll have a special report and later, terry simpson is here with a contrarian market call that is sure to have all of wall street talking but first, we start with another day and another trump rally tantrum. the dow and s&p taking a midday dive dow singing more than 100 points this is donald trump jr. tweeted out screen shots of e-mails s setting up a meeting with the russian lawyer the fear though quickly displaced and this is what we've seen all year long during these trump related sell offs. and the revelation of those comey memos. stocks have always come back and then some. so with the rally remaining resilient, the is trump drama not a risk to the market do you keep buying these tantrums >> you know what, yes, is the short answer because that's to your point, you talk

. >>> welcome to "the halftime report" i'm scott wapner amazon wars as another sector comes under attack from the tech juggernaut is anything safe from the bezos ba zuk ka? with us is joe, jim and josh and mario gabelli is here. he is the chairman and ceo of the gabelli funds. let's begin with the amazon and new group of stocks getting hit today. there they are on the wall home depot, best buy, lowe's, whirlpool? best buy, too. sears will begin selling its kenmore brands and appliances on the shopping site. so, mario, i guess this is what we're used to now. do we have to look at our portfolios and are they saying that it can be disrupted by amazon >> it's part of the free market system it's good for the consumer something to come along with the business only two days ago along with a baseball team. inflation for the goods and analysts watching this, all they have to do is look at page 41 of their annual report. appliances are 7.8% of the company's total revenues, however, that's been the big growth factor on a com space and that's what the street looks for. >> do you think some of this i

i'm scott wapner our top trade this hour, the real reason the rally in stocks may be far from over withy, joe terranova, stephanie link, the brothers najarian. let's begin with the markets dow and s&p. they gave back their early gains. dow's trying to fight back, positive, still down 19. the s&p and nasdaq are in the green. but the focus for investors now turning to earnings season just around the corner. and our bob pisani crunching those numbers ahead of the results and coming up with what could be a pretty good story to tell >> it's

i'm scott wapner our top trade this hour, the real reason the rally in stocks may be far from over with us for the hour today, joe terranova, stephanie link, the brothers najarian. let's begin with the markets dow and s&p. they gave back their early gains. dow's trying to fight back, positive, still down 19. the s&p and nasdaq are in the green. but the focus for investors now turning to earnings season just around the corner. and our bob pisani crunching those numbers ahead of the results and coming up with what could be a pretty good story to tell >> it's early, scott, but, yes, i'm optimistic now, look, we've only had about two dozen companies, 5% of the s&p reporting, but nike, oracle, darden, for example, all had very good things to say. and collectively, these 23 so far have had very good earnings. so right now, 23 companies reporting earnings they're up 12% that's a good number that continues the end of that earnings recession that started three quarters ago here's the important thing look at the revenues up 8.5% that is a very important number, because now it's not just cost-cutt

i like being real-time, you know, we're live and i like scott judge wapner's tease.emiums going up or are the markets going to rise. i think you can have both for a while, while longer maybe i should say that we could have risks go up, bubbles potentially continue to form, and markets still continue on their path which is kind of what i was thinking about today central banks, okay, let's see, we sort of have the bank of england, the u.s. central bank, ecb, bank of japan, kind of four of a kind. i can't help but think poker think of poker table especially as janet yellen gets ready to explain to both the sides of the aisle exactly what's going on or maybe more to the point what isn't going on. you know, when you have four of a find, that's usually a pretty good hand and i think the four of a kind, the central banks and their policies there's strength in numbers and we see that because in a way, there's only three of a kind to some extent now because our central bank, while still reinvesting maybe 3 1/2 of a kind, they're talking about changing, a taper. so who has the

another 2.77% on average when bought august 1st and sold the final day of the quarter now back to scott wapner halftime report. >> all right less than 100 points from dow 22,000 pretty good day for stocks today. dow right now is up 85 points. nasdaq is in the red s&p 500 is up by 1 1/2 points. halftime report is back right after this d water damage... soon, insurance companies won't pay for damages. that is, not if they can help prevent damages from happening in the first place. at cognizant, we're turning the industry known for processing claims into one focused on prevention with predictive analytics, helping them proactively protect the things that matter most. get ready, because we're helping leading companies see it- and see it through-with digital. when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. there. i can also help with this. does your bed do that? oh. i don't actually talk. though i'm smart enough to. i'm the new sleep number 360 smart bed. let's meet at a sleep number store. >>> all right. it is time now for th

. >> i'm scott wapner. catch "fast money" >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. so many people, so many people simply do not believe in this market they think this is unsustainable and we're in a dangerous position >> sell sell sell. >> the house of pain >> the dow dipped six points the nasdaq advanced 0.38%. i want to address this reluctance to believe in the bull head on by going over the top ten reasons why investors always seem to have one foot out the door, despite the fact that we've had one heck of a run, from the lows way back in march of 2009. so let's go right to it. the first one, we've been hearing it for years the bull has run for too long. it's now on it

. >>> welcome to the halftime report i'm scott wapner our top trade this hour, sacking goldman.tock getting a rare downgrade today as another influential analyst calls for a dramatic shakeup at the firm, including -- get this -- the ouster of ceo lloyd blankfein. let's begin with kbw's call of the day, a downgrade of goldman. it is to neutral analysts cutting the price target there by $30 as

. >>> welcome to "the halftime report" i'm scott wapner amazon wars as another sector comes under attackthe tech juggernaut is anything safe from the bezos ba zuk ka? with us is joe, jim and josh and mario gabelli is here. he is the chairman and ceo of the gabelli funds. let's begin with the amazon and new group of stocks getting hit today. there they are on the wall home depot, best buy, lowe's, whirlpool? best

hasn't done that since it was up for seven days from may 18th to the 26th let's get over to scott wapner and the half >> welcome to "the halftime report." president trump is in paris meeting with french president macron the two leaders will hold a news conference shortly we'll take you there live. we're also following senate majority leader mitch mcconnell with gop senators are the health care bill as pressurizes to pass that legislation markets are moving higher, albeit modestly for the day. joe terranova, josh brown, steven weiss and jon najarian are joining me snap has beaten up the social media stock. scott devitt is injoing us by phone. welcome back. >> thank you for having me. >> this is a heavy call. people expected the stock to move lower why today with this move >> the lock-up expiration i think is more and more internet cops have become public over the past five, six, seven years. investors have become more educated on timing and pricing in the incremental supply and snap has been responding to the upcoming lock-up expiration for some time now. but it's important to note that i

only at td ameritrade >>> i'm scott wapner, here is your cnbc news update. house speaker paul ryan calling on the senate to pass some kind of health care overhaul bill so lawmakers can move forward >> we would like to see the senate move on something we are proud of the bill that we passed we passed a fwoil repeal and replace obamacare, replace it with a better system but as you well know, the legislative process for it to work, house has to pass a bill we've done that. the senate thohas to pass a bil >> former house speaker dennis hastert has been released from prison in minnesota and transferred to chicago to a re-entry facility. he was sentenced to 15 months in prison in april 2016 fwh n. a banking violations indication that revealed he sexually abused teenagers while coaching wrestlers in high school >>> the cheapest day to fly is august 22nd which marks the start of the airline's fall season you can save an average of 11% to 20% over summer ticket prices as demand falls. >>> that's our cnbc news update this hour. back to "squawk alley. john, we'll see y

. >> let's get to wapner in the half >>> guys, thanks, welcome to the half time report i'm scott wapnertop trade, one of wall street's most renowned traders seized the markets heading next and the best places to make money. with us for the hour today, joe, josh and pete najarian, also mark fisher, the founder and ceo of mbf clearing corps. stocks under pressure there, off the lows, though, rates are rising around the world including here in the u.s. even as adp

. >> scott wapner has a question back in the studio. >> mr. schwarzman, it's great to have you on "the halftime report" today. we appreciate you being with us. we were just coming off a conversation about the future of the trump agenda, the economy and what's going to continue to spur not only the economy but this stock market hire and there's a considerable conversation, as you know, about the gridlock that exists in washington, d.c., and where you are and how difficult it is to actually get anything done and i wanted to ask you if you could react to the comments made the other day by jamie diamond of jpmorgan, "it's almost an embarrassment being an american traveling around the world and listening to the stupid blank americans have to deal with. he speaks about the stupidity that prevents this country from doing better than it already is. what's your reaction to that >> actually, i just saw jamie walking in the door and i mentioned, you know, those remarks to him and i think at this point there are very few americans who are really proud of

. >>> welcome to the halftime report i'm scott wapner our top trade this hour, sacking goldman. the stock getting a rare downgrade today as another influential analyst calls for a dramatic shakeup at the firm, including -- get this -- the ouster of ceo lloyd blankfein. let's begin with kbw's call of the day, a downgrade of goldman. it is to neutral analysts cutting the price target there by $30 as well. comes on the heels of a disappointing quarter that saw the firm notch its worst ever results in the commodities business they say this is kbw's note today -- we have more questions than answers about the franchise's health at this point in time. should we? >> well. >> -- you take one quarter >> two quarters of bad trading yeah, we can ask the question. i think the question is a little bit bigger than one or two quarters this is a firm that over decades has had a little bit of a tug-of-war going between investment banking on one hand and trading on the other hand. you've had a guy at the helm for ten years that's a trader extraordinaire in years past you've had investment bankers

. >> let's get over to headquarters scott wapner and the half."half repor report".re stocks about to pull back and give investors who have missed this rally a chance to finally get in with us for the hour to discuss the state of this market, several notable market watchers are questioning whether stocks are too expensive and if the lack of volatility is a giant warning sign that was part of howard marcks'

i'm scott wapner taking sides the report on where the stocks will head from here and whether the risks to the rally are growing or just growing tired. with us for the hour today, josh browne, jim leventhal, erin brown is with ubs o'connor also with us from minneapolis, pete najarian. let's begin with the markets and a flurry of forecasts the today over where your money will work best in the months ahead you can see stocks somewhat muted today. dow is up about 20 points. s&p and nasdaq in the green, as well but it's getting on the street morgan stanley with a note that says sticker shock things look expensive. you have some on the other side, too, but where are we today in the market >> if you're working with a money manager who can't recognize the difference between an obvious bull market and a bear market, probably you should fire that person today but second, why are we not focused, instead of forecasts and headlines, why are we not primarily focused on price take a look at the behavior of stocks themselves, and then take a look at internals and things like breadth and, yeah, of cour

i'm scott wapner our top trade this hour, fed fears.ig warning today from jamie dimon that every investor needs to hear. the are the markets ready for the end of easing? with us today, joe terranova, stephanie link also with us, steve liesman, and from chicago, our own rick santelli let's begin with those comments today from jpmorgan boss, jamie dooild, ll

kala, and john welcome to the "halftime report," everybody happy friday i'm brian sullivan in for scott wapnerour top trade today do you buy the banks now or wait for a better opportunity with us for the hour, jim leventhal, josh brown, sirott seti, and also here, tom lee and finally, from lake joseph, canada, mr. wonderful, kevin o'leary, chair of oshares etf investments. somehow he brought a billboard to a lake. the sector is well off its lows but ro

. >> let's get to wapner in the half >>> guys, thanks, welcome to the half time report i'm scott wapner our top trade, one of wall street's most renowned traders seized the markets heading next and the best places to make money. with us for the hour today, joe, josh and pete najarian, also mark fisher, the founder and ceo of mbf clearing corps. stocks under pressure there, off the lows, though, rates are rising around the world including here in the u.s. even as adp and jobless claims disappointed tech, which has been the best performing sector of the year remains the epicenter for much of the selling the vix is up, there's so much to discuss i couldn't think of a better day to have you. welcome back. >> nice to see you >> i know people think of you as this energy guru and oil trader, but what is your broad view on where we are there's so much going on today alone to discuss where do you see the markets right now? >> simply at some point when -- if the ecb pulls back, japan pulls back and all these countries pull back from printing money and the fed has made it obvious what they're doin

i'm scott wapner we begin with breaking news this hour, an historic meeting between president trump andsian president, vladimir putin, in hamburg. our eamon javers with the latest from the g-20 in germany where, eamon, we believe this meeting is still going on. >> reporter: yeah, that's right, scott. at about 28 minutes past the hour, we got a note from the white house press pool which said that the meeting, they had been told, was still going on, about an hour and a half into the meeting at that point. that was about half an hour ago. the two leaders now pushing about two hours for a meeting that wasn't supposed to go

. >>> welcome to the halftime report i'm scott wapner our top trade this hour, the warning heard roundhoward marks is growing more cautious on stocks saying it is better to sound the alarm bells now than after a serious correction is underway. >> since we never know when risky behavior will result in a market correction, i'm going to issue a warning today rather than wait until one is upon us sure this warning is likely to feel premature and perhaps it

kala, and john welcome to the "halftime report," everybody happy friday i'm brian sullivan in for scott wapner your top trade today do you buy the banks now or wait for a better opportunity with us for the hour, jim leventhal, josh brown, sirott seti, and also here, tom lee and finally, from lake joseph, canada, mr. wonderful, kevin o'leary, chair of oshares etf investments. somehow he brought a billboard to a lake. the sector is well off its lows but a rough session for jpmorgan, citigroup, and wells fargo. pnc and first republic also reporting this morning, guys it is a big bank day the overall market is up, sirott, the banks are down is this a buying opportunity for banks or wait, because they're going to go even lower >> i think wait a little bit they're great opportunities. i want to own the banks down road i'm pretty fully invested. i think going forward, if you believe that our economy is going to have steady, slow growth, you believe that interest rates will slowly move up over time, these are great management teams they're going to underpromise and overdeliver. and i think the expecta

i'm scott wapner our top trade this hour, fed fears. the big warning today from jamie dimon that every investor needs to hear. the are the markets ready for the end of easing? with us today, joe terranova, stephanie link also with us, steve liesman, and from chicago, our own rick santelli let's begin with those comments today from jpmorgan boss, jamie dooild, te diamond, telling a gathering in europe, the unwind could catch the markets by surprise. mr. diamond saying, quote, we've never had qe like this before we've never had unwind like this before when that happens of size and substance, stit could be a litte more disruptive than people think. we act like we know exactly what's going to happen and we don't. steve liesman, i go to you first. what do you make of dimon's comments >> jamie's on the front lines there. he's going to be part of the process of unwinding the balance sheet. and i think his words of caution should be taken seriously. i think two things, though i think the fed has kind of preempted these concerns, if you look at

now back to scott wapner and the halftime traders >> all right, we are back.mike, let's talk some sectors. give our folks some guidelines on the places they should be looking. you like financials, industrials, energy, and tech. so all of -- so value and growth is going to work together? >> right that's the change. last year was all about value. economies were expanding again and so if everybody rotated towards value. this area, value worked a little bit, and then, of course, around march 1st, when i would argue president trump's popularity peaked, that's when we went back to this barbell secular growth june 9th, you had a rotation back to financials and even energy has performed better. it's stabilizing so, yes, it's a balance now between growth and value it's not so much about one or the other. so that's why we've got to balance positions across sectors. >> you're neutral on health care quality is that because of the move we already had km. >> to be honest, we missed it. we were looking at health care and this aca debate. i would argue now with aca behind us,

. >>> live from the nasdaq market site i'm scott wapner in for melissa lee.st bulls on wall street getting more bullish tony dwyer just raised his s&p target for the next two years. he'll explain what has him so excited. >>> plus, is tesla about to ge its groove back? the chart master who called for the pullback now says it's time to buy and after you see his charts, you might be buying, too. >>> and later, blue apron making a comeba

. >>> i'm scott wapner firefighter burning in maripos county has grown to 11,000 acres.undreds have been evacuated fire broke out in one of the famous book-shaped skyscrapers in central moscow, starting on the seventh floor and engulfed the area of about 2100 feet. 60 firefighters fought the blaze. no one was injured >>> fights broke out in taiwan's parliament during a budget meeting for infrastructure development plan members of both sides could be seen tackling each other there you go, to the ground. shoving, throwing water at each other. wow! >>> the duke and duchess of cambridge visiting a world war ii nazi german concentration camp in poland on the second day of a goodwill touring that underscored britain's intent to maintain good relations after it leaves the block. >> using royalty for diplomacy, as they always do over there thank you very much. >>> president trump calls for focus on growing america jobs and making america goods, mumbai looking to hire roughly 5,000 people locally joining us now is mr. mahindra it's made in america week. is that why you're here? >

money" does start now live from the nasdaq market site overlooking new york's times square i'm scott wapnerders are -- tonight, t a snape disaster shares of the social media company sinking after one of its lead underwriters turns on the stock. how low can it go? plus, prime day in full swing. we'll have a special report and later, terry simpson is here with a contrarian market call that is sure to have all of wall street talking

let's get to wapner and the half >>> all right, guys, thanks so much we'll continue to follow developments in that big and breaking story i'm scottpnewapner, we half our top story, a slew of market-moving earnings, key hearings on the hill, not to mention a fed meeting. we'll let you know how to trade all of it. with us, jos