i'm scott wapner we'll keep our eyes on washington and the white house for this moment, our top trade is the energy renewal. what the sector's resurgence means to your money and whether higher oil is really good for stocks with us for the hour today, joe terranova, steve weiss, the brothers najariujaajarian are h so is kerry firestone. let's begin with the markets to jump in oil, topping $71 a barrel earlier that's the highest level in more than three years a big reason why energy stocks are up 10% in the quarter. joe, the question is, does it continue >> yes, i believe it does. i think it's actually good for the marketplace. a lot of the conversation in the last couple years has been concerns as it relates to the high yield market, and we're seeing an avalanche of debt that's going to be maturing in 2008 higher oil pricing is good we spoke yesterday as it related to president trump pulling out of the iranian agreement let's remember, as i said yesterday, the russians, the chinese, they're part of that agreement. they are also part of the saudi aramco ipo saudi aramco ipo is highly re

i'm scott wapner our top trade this hour, the trade war and your money stocks selling off today as theation slaps tariffs on canada, mexico and europe what all of it means to the markets on this, the final trading day of hour. with us for the hour, joe terranova, pete and jon, and we'll begin with the markets stocks are lower on the news of the new tariff

. >>> i'm scott wapner here is what's coming up on "half time." icahn and meister with back again.what the two are up to when carl icahn joins us at 1:30. when "half time" begins at noon. see you in 15. >> we won't touch that dial, scott. thanks we will go over to the cme group where rick santelli has the santelli exchange. >> thanks, jon italy and its effects on the market, specifically some of the interest rate markets of the german curve sovereign, things like shots are being affected in a large way. now normally this may be an issue that we've experienced many times, as various conditions of financial condition and health of any given economy, of course, affects the interest rates this time it's way different you know, whether it's this country and the tea party, the uk and brexit, ultimately trump make america great, italy for italians, the movement that's been expressed over these many years as populism, when you're in an individual country and you're part of the experience, you as an individual may use a word more associated with a positive like patriotism versus populism po

. ♪ >>> i'm scott wapner at the top of the hour on "the half time report," the sell-off of the banks,00-day moving average we'll discuss what that all means for your money. >>> plus our call of the day has jim cramer in the driver's seat. is it right for your portfolio, though >>> and fena health ceo admitting to attacking his wife more than a decade ago what happens now we'll discuss that with wealth management suzy welch. we'll continue to follow the sell i don't have of the banks. >> thank you, scott. >> let's get to rick santelli and the santelli exchange where he has a lot to talk about. >> italian bond market is the fourth largest in the world, largest in europe. they're currently in the neighborhood of 130 to 135% debt to gdp we all know that moral hazard was a big term coined during and after the great credit recession and what it means, quite simply, is that if you live off of debt to the point where you don't have any reforms, that there will be issues and those issues are real apparent now that the market is pricing italian paper. you may be asking who was in control. prett

i'm scott wapner our top trade, the apple streak.ck goes for its tenth consecutive up day would be the longest run in eight years. what that means to your money and the broader markets. with us, jim, josh, jon, sarat here as well apple, that stock getting closer to a trillion dollars in market cap. doc, this thing is recharged, and it doesn't seem to want to slow down, all beit a little blp let's call it flat, but

. >>> i'm scott wapner on the top of the hour on "the half time report," a call that jim cramer saysg and can cloud back it up with its earnings report? it's all at the top of the hour. morgan, we'll see you in 15 minutes. >> scott, thank you. >>> now let's get to the cme group, rick santelei with the santelli exchange. rick >> thank you very much dr. lacy hunt, along with van huizenton. dr. lacy, thank you for joining me. >> my pleasure, rick nice to be with you. >> in your latest writing you bring up slower ms, as in m2, one of the many fundamentals many pay attention to. we stopped paying close to the ms like bitcoin the effect is the same run us through about why you're nervous about the retraction in m2. >> i think what's taking place is a very pronounced monetary desensitization. the fed has engineered a significant reduction in the reserve aggregates, putting significant downward pressure on both sides of the bank balance sheet. the asset side is declining in terms of its rate of growth and so is the liability side and a sign that the monetary deceleration is becoming more and

. ♪ >>> i'm scott wapner here is what's coming up at the top of the hour can the market get moving nowund its footing? your money's best bet and our call of the day calls for clouds will the sun shine through for your portfolio that's all at noon jon, see you in about 15. >> scott, thanks. >>> second day of meetings between u.s. and chinese officials, that they aim to ease tensions over a potential trade war. let's get back to eunice yoon in beijing with the latest. eunice >> thanks, jon secretary mnuchin and his team have left beijing for washington it's unclear what they accomplished when they were here the team did not hold a press conference or issue a press statement. we have learned that the white house is going to be issuing a statement probably later today now, in an unusual twist, we heard more from the chinese in the state media, they were saying that the talks were candid, efficient, constructive and that the two reached a consensus on some issues such as needing to maintain close communications and setting up a mechanism to keep talking. they also said, though, that they we

i'm scott wapner our top trade this hour, the trade war and your money stocks selling off today as the trump administration slaps tariffs on canada, mexico and europe what all of it means to the markets on this, the final trading day of hour. with us for the hour, joe terranova, pete and jon, and we'll begin with the markets stocks are lower on the news of the new tariffs on stock and aluminum dr. j., tell me how we're supposed to play this. we thought the trade war was on hold, maybe not so much? >> yeah, for instance, winnebago, judge, and some of the biggest pitfalls right away. hormel ham and others got hit too, they were about a third as much as two big uses steel and aluminum the rv guys are crying out this is good for the steel stocks does it continue depends how long this lasts, judge. but do at the go down 6% per day for several weeks? no i think you'll probably see somewhere between 8%, 10% out of the worst of those two stocks and they pull back >> all right so, mike wilson, why don't you tell me how you view all of this in the geopolitical spectrum and where you think the ma

i'm scott wapner post 9 today, our top trade this hour is sell-off mode.keep dropping and the biggest question now facing investors has the bull market topped out with us for the hour, jim lienenthaw and josh brown the dow is down for the tenth time technical damage being done as well s&p breaking through it'

. >>> i'm brian sullivan in for scott wapner big news on the banking.yo is with us, live >>> plus the defense stocks to own if president trump drops out of the iran deal today. >>> and risk and reward, a big story emerging out of the emerging markets "half time" kicks off at noon eastern time back to carl. >> thanks, brian. >>> michelle caruso-cabrera joins us from the news desk to make sense of these contradictory headlines at cnn and now "the new york times," why that caused oil to fall and then bounce. >> let's tell you what jucht came out of the nork ti"the new" story. oil has recovered about half the losses we saw earlier. they're reporting that the u.s. is preparing to reinstate all the sanctions it's waved as part of the accord and new additional penalties as well. we talked about the myriad of the possibilities that the president could do today he could say not only am i going to get rid of all the waivers on the sanctions that were due this saturday, may 12th, he could also say, you know what? i'm doing july as well, because there was a whole o

i'm scott wapner our top trade, the great rate and dollar debate, and what happens to stocks and this with jon and pete, he's one of barron's and forbes top 100 financial advisers kevin o'leary along with us as well a cnbc contributor, and also with us on set today, cnbc senior economics reporter steve liesman. let's begin with the

i'm scott wapner on talk trade, the apple aftermath, following the better than expected earnings reporthe stock primed for another takeoff. with us, jim, steve, pete, and with us from los angeles is kevin o'leary, the chairman of o-shares etfs and a cnbc contributor. let's begin with apple and what some are calling a better than feared report. the company also announcing a $100 billion share buyback ceo tim cook also telling cnbc services would be a $48 billion business by 2020 pete, i go to you first. you ha b

dow up 1 point >>> i'm scott wapner here's what's coming up top of the hour on "the halftime report."ating the move in energy stocks. are they just getting started? if so, what does that mean for the markets? plus, our call of the day is surging double digits today. joe terranova owns it. question now is should you and two unusual activity plays from the najarians we'll reveal where options players are placing their bets today. it's all at noon, and that means we're less than ten minutes away >> can't wait. except for this great show going on thanks, scott. another check on the dow it is about flat walmart weighing on the index particularly down almost 4%. "squawk alley" will be right back [whistling] hello. give me an hour in tanning room 3. cheers! that's confident. but it's not kayak confident. kayak searches hundreds of travel sites to help me plan the best trip. so i'm more than confident. forgot me goggles. kayak. search one and done. >>> dow session high was up 107. obviously off the initial highs. mike santoli joins us on set to talk about an interesting session. you have the

i'm scott wapner the top trade this hour, tech's great, return, sector certainly surging again on the market's most important stocks really to resume the run with us today, joe terranova, the brothers, and josh brown and let's begin with the return of tech, the sector up for a sixth straight day from chips to the fangs to almost all points in between it sure looks like the space, pete, has found its mojo, nasdaq up 4.5, amazon, netflix, google all. >> for whatever reason, scott, they were crushing the chips we've got invidia in front of us you look at these chip names they were selling them off for any reason now they're back >> they're up seven days out of last eight >> yes, we've seen a little paper in some of these names as a matter of fact, i'm going to tease that one. we're going to have one for unusual activity later on, one of these chip names. what's really important to me, when you go back to thursday and listen to warren buffett and what he said about apple and the economy, i know i said it yesterday, i'm going to say it again today. that gives everybody a green light to say

i'm scott wapner post 9 today, our top trade this hour is sell-off mode. why stocks keep dropping and the biggest question now facing investors has the bull market topped out with us for the hour, jim lienenthaw and josh brown the dow is down for the tenth time technical damage being done as well s&p breaking through it's moving average. ugly so far, the dow giving up 500 points since that fed decision jim, you know, it's a pretty ugly story if you look at all of the statistics out there on track for the second losing week in a row what in the world is going on with stocks? >> well, look, it's a heavy tape i don't think it's rising interest rates because they seem to have topped out as well yesterday, i said i think it is china. and we have the contingent that's gone over there i think also exacerbating this, and this may surprise some people president trump is in the news the news about whether he's lied about stormy daniels, this and that the news surrounding the president is not good. and i wonder if maybe this market was expecting trump to be successfu

i'm scott wapner our top trach this hour, the bounceback for stocks.e fears out of europe, are they just overdone or heating up? with us, joe terranova, jon and pete najarian, and lori, great to have you with us today. let's begin with the rebound stocks are higher after posting their worst day in more than a month. maybe we should have kno

i'm scott wapner on talk trade, the apple aftermath, following the better than expected earnings report, is the stock primed for another takeoff. with us, jim, steve, pete, and with us from los angeles is kevin o'leary, the chairman of o-shares etfs and a cnbc contributor. let's begin with apple and what some are calling a better than feared report. the company also announcing a $100 billion share buyback ceo tim cook also telling cnbc services would be a $48 billion business by 2020 pete, i go to you first. you have been telling us to focus on the services all along. how do you -- how do you put this whole report into perspective? was it better than feared? >> yes, no doubt about that. think about all the fears we got in the last couple weeks, and it started with taiwan semi-conductor we started to watch the chip stocks move to the downside, but the interesting part is tim cook reassured everybody just how strong the ten is for apple. it's not what everybody said they said nobody wants it. you look at china, it's up 20% services, you mention, which i think is still very important, tim

i'm scott wapner our top trade, the apple streak. the stock goes for its tenth consecutive up day would be the longest run in eight years. what that means to your money and the broader markets. with us, jim, josh, jon, sarat here as well apple, that stock getting closer to a trillion dollars in market cap. doc, this thing is recharged, and it doesn't seem to want to slow down, all beit a little blp let's call it flat, but $189 >> apple on fire, been on fire since the earnings, judge. the same thing, believe it or not, in paypal i'm not trying to switch on you, but i'm saying there's a couple stocks that have hardly had a down tick in the month of may. and apple and facebook are two of them that have just been kicking butt and taking names. love the stock, as you know. the only big cap i own i continue to own it here and i'll keep writing calls against it i think it's going to finish the year just as strong as the last month indicates. >> i would be talking about $200 in the not to say distant future you own it as well >> i own it as

i'm scott wapner our top trade, the great rate and dollar debate, and what happens to stocks and this refueled rally, if both keep rising joe is here along with jon and pete, he's one of barron's and forbes top 100 financial advisers kevin o'leary along with us as well a cnbc contributor, and also with us on set today, cnbc senior economics reporter steve liesman. let's begin with the markets the dow's winning streak ending as interest rates hit their highest level in seven years kevin o'leary, how much of a threat now are rates and the dollar combined if both keep going up >> on the margin, credit moving up the balance sheet off the equities let's say you have a stock and you love the dividend and you're looking to own it because you think you can get a combination of yield and have appreciation all of a sudden, you can buy the triple-b bond of that company for 24 months and get 3, 6, all the way to 5%. on the margin, what's happening and why the market is stalling here is institutional dollars and investors like me are saying, wait a minute, i don't have to own the equity i think i'

i'm scott wapner our top trade this hour, the sudden selloff in the bank stocks what one firm just said about the business and why it could have big implications for your portfolio. with us, joe terranova, stephanie link, josh brown, and jon najarian also with us on set, suneeda, bank of america's head of u.s. equity strategy. stocks are lower on political concerns in italy and now the new worry for investors here at home the banks, the xlf dropping below its 200-day moving average. a good part could be because of what morgan stanley just said at a conference that stock having its worst day in a couple months wilfred frost with us at the desk with those details. good to see you. all right, already jittery market, we know. yields over in europe a big story. the co-head of wealth management makes some comments that unnerve bank investors yet again >> i think we'll come to the moments at the end because u.s. banks opened low and they continued to sell off through the day. this, of course, started with the story in europe. if we look at the half screen with some banks around europe, you can

i'm scott wapner our top trach this hour, the bounceback for stocks. what are the fears out of europe, are they just overdone or heating up? with us, joe terranova, jon and pete najarian, and lori, great to have you with us today. let's begin with the rebound stocks are higher after posting their worst day in more than a month. maybe we should have known better than so many of these flare-ups -- >> how many have we seen so far? >> on trade or north korea or yesterday it happens to be the italian political system >> creates opportunity >> creates a one-day fit of uncertainty and nervousness, and here we are back with a rebound. >> you have volatility over 17, everybody gets nervous about that the volumes start to get interesting once again after going on hiatus for a while. there's a lot of reasons to look at yesterday and say are there opportunities out there? i think there were yesterday there's a couple different areas where they really oversold them, but the strength of the semis continues to really show up. i mean, each and every day even yesterday

i'm melissa lee in today for scott wapner the energy trade running out of fuel oil sinking as saudi arabiaa production hike. with us for the hour, josh, sarat, jon najarian, erin brown. finally, doc, we saw energy stocks rise loov with oil, and we have a big setback today. >> huge setback. chevron perhaps getting a deal with saudi arabia, putting more production on saudi arabia increasing production in other

visit directvnow dot com >>> i'm melissa lee in for scott wapner getting in ahead of the big report, and pete njarian finding one bearish part of the market what options traders say are about to drop. half time begins at noon back to you, carl. >> thank you very much let's get to rick santelli. >> one moving part i'm concentrating on the most is the dollar index we could make a lot of fundamental reasons why the dollar's rally is long overdue let's stick with the technicals, especially considering the landscape we're in, first day of a two-day fed meeting. that isn't necessarily essential at this point. most likely a rather stencilled approach he would like to raise rates when he can. maybe it's three, maybe it's four in the end, the yield curve and how markets respond will have an input, no matter how much silence there is on that dynamic. it's been a wild couple of days for the dollar index you see a lot of sideways activity we went from 91 1/2 to 92.62, today's high the important part happened at 4:00 in the morning eastern when, unchanged right here at 92.12, once we popped throu

♪ ♪ >>> i'm scott wapner lee cooperman, taking a.m. at the s.e.c. we'll get his favorite stock picks. >>> and facebook ceo mark zuckerberg in the hot seat again. this time in europe. we'll take you there live, with that stock in a major turnaround since the data scandal erupted will anything change that today? we'll find out noon eastern on "the half time report. less than 15 away. >> see you then. thanks. >>> still to come, we haven't done enough. that's just one of the things we're expecting to hear from facebook chief mark zuckerberg when he testifies before european parliament. we'll tell you what else to expect when "squawk alley" returns. ls you whether to wait or book your flight now. so you can be confident you're getting the best price. giddyup! kayak. search one and done. >> despite today's dip on quarterly results, shares have more than doubled in the past 12 months charlie giancarlo is the ceo of pure storage and joins us now. charlie, good morning. >> good morning. >> so i really want to dig in on pure's prospects going forward a lot of

was born to run the new york stock exchange and she's going to do a fabulous job >> dick, it's scott wapnerice to talk to you again. what do you think the exchange is going to look like in the future under miss cunningham she told us in our interview today, i certainly hope we're still here on the floor in five years. is there going to be a floor in five years >> well, i think she has the challenge. and she understands it, having seen the exchange once populated by 5,000 people, now populated by several hundred people of evolving the market model, scott, to accommodate the needs of issuers and investors i personally believe there will always be a trading floor, as evidenced by the fact that when you have an opening, off closing, you have an expiration, or you have an event-driven transaction, everyone repopulates the floor, because open -- if you will, open and transparent price discovery is the best way of determining fair values of both the smallest and the largest of investors >> all right dick, we certainly appreciate you change us. great to catch up with you on this historic day for th

i'm scott wapner our top trade this hour, the rebear rebooted rally are stocks now poised for anothertoff? with us, joe terranova, josh brown, steve weisz also kevin o'leary, the chairman of oshares etfs. stocks are higher yet again today. this after they posted their best day in weeks on friday. josh, boy -- >> hey

happy friday i'm melissa lee in today for scott wapner top trade this hour, energy surge.ive day and its longest weeking streak in longer than a decade with us, jim,

if you want to own it, you're playing the game it's like scott wapner's book.oesn't have anything to do with the stock. it's the guy with one set of facts and a lot of other people with another set stop having conference calls stop it. he should have the car guys come, interview him at the giga factory and have it be a giant lovefest if you love it, fine it is not for me for once, he spoke the truth. >> elan musk speaks like he has an ace in the hole is there a potential investor that may throw him -- it is a $50 billion company. may throw him a billion or two. >> are you thinking soft bank? a savvy arabian fund out there >> or even a mr. warren buffett but that's not typically his thing. could somebody put this to rest? >> i think someone could cure the financials, yes. there is a lot of money that needs to be raised one reason i felt bad for analysts is they are trying to get at the obvious thing you should be raising money because you're burning cash. that's true. he doesn't play by the rules maybe there is someone behind him who says do whatever you want fo

i'm scott wapner our top trade this hour, big money, big bet why some of the world's biggest investorssh on stocks are new highs really in reach? with us to discuss and debate that is joe, josh, jon and pete mugerjanuary, and courtney gibson is here, the president of luke capital and a cnbc contributor. let's begin with the markets stocks pulling back for fourth time in five days. uncertainty over trade and north kore

i'm scott wapner our top trade this hour. rate weight.r yield hits its highest level in more than seven years today. what happens to the resurgent rally now if yields keep climbing with us for the hour, joe, stephanie, josh, the brothers najarian are here. let's begin with the markets the dow after rising for eight straight days is under big pressure this hour after interest rates continue their rise the move coming with stocks putting in their best may since 2009 all right,

happy friday i'm melissa lee in today for scott wapner top trade this hour, energy surge. the sector is down today, but coming off its tenth straight positive day and its longest weeking streak in longer than a decade with us, jim, josh, jon, and jim brown. what do we make of the surge and what point do we get concerned the energy surge and oil surge starts to be a headwind >> i'm going to start with the u.s. you really have not seen the north american rig count, the drilling rig count increase over the last several months. at least here in the u.s., you're not seeing the response from shale oil partly that is because of transportation issues getting oil out of shale, but this is only one segment of why oil is high and probably going to stay high obviously, we have geopolitical risks. you could see a mini pullback at any point in time, but the long-term fundamentals support oil at this price. >> do the long-term fundamentals continue to support an energy stock surge? >> yes, they do. in fact, i have another one we added to today for unusual activity, mel. so i'm an endorse

i'm brian sullivan, in for scott wapner today we start with breaking news on that oil. reacting to a series of headlines on whether the president will exit the iran nuclear deal we are expecting that announcement live at 2:00 p.m. eastern time obviously, we'll carry that on cnbc, but right now, michelle caruso-cabrera at the breaking news desk with the very latest on what we know. >> the very latest, brian, is "the new york times" has posted a story where they quote someone familiar with the conversation that president trump had with the french president emanuel macron earlier today it was scheduled for 10:00 a.m they're saying as a result of that conversation, a person briefed on the conversation telling them the u.s. is preparing to reinstate all sanctions had it waived as part of the nuclear accord and impose additional economic penalties as well it's important to understand, there are many, many, many sanctions on iran dating way back to even 1979, the iranian revolution a lot of those got waived temporarily lifted when the u.s. entered into this agreement with iran

i'm melissa lee in today for scott wapner the energy trade running out of fuel oil sinking as saudi arabia and russia reportedly talk about a production hike. with us for the hour, josh, sarat, jon najarian, erin brown. finally, doc, we saw energy stocks rise loov with oil, and we have a big setback today. >> huge setback. chevron perhaps getting a deal with saudi arabia, putting more production on saudi arabia increasing production in other areas, perhaps again, but people are betting on something going on, mel, ahead of the june meeting with opec. so a 3.3% drop is not insignificant, even though woo had this big run that you just spoke of so you see this big ramp we go up through 80 on brent go up through 70 very strong on wti. and now a 3.3% pullback, good for truckers i saw jbht, unusual activity in this one, landstar, a lot of stocks, j.b. hunt in particular hit a 52-week high that's even though you have seen this big rise out of diesel prices over the last six months. so this could just be manna from heaven for airlines and truckers as well as consumers >> if your manna is volatility

i'm scott wapner our top trade, the buffett bombshell, the famed investor buying even more apple shares. a position now worth an astounding $40 billion what it means for the stock, which just hit an all-time high. with us for the hour, josh brown, steve weisz, rob, and one of barron's and forbes top 100 financial advisers, michael farr is here, president of farr, miller, and washington, a cnbc contributor as well. great to have you here with us today, michael let's begin with the biggest company by market cap. apple shares higher after the oracle of omaha revealed to our own becky quick that he's bought 75 million more apple shares steve, getting myself together here >> so much better when we couldn't hear you. >> that's funny. that's funny i would use that on you. i would have used that on you. 240 million shares, $43 billion. that's unbelievable. >> yeah, and you know how much i love apple so i'm so happy to see that. no, i own the stock. i think it's a typical buffett name in that it's a very high quality company. very high quality balance sheet. it's the guys that came in to work fo

i'm scott wapner our top trade this hour, big cap battle, as trade tensions ease and stocks surge, is the s&p, which is underperforming, once again the place to be? with us for the hour, jim lethenthol, steve weiss, josh brown. stocks are jumping the dow crossing 25,000 for the first time since march 16th. a treasury secretary suggesting right here on cnbc that the trade battle with china could be easing many stocks directly related are higher all of it, though, happening while the dollar has been ripping lately what, steve, is an investor to do >> an investor is to look out into the future a little bit and say this is great news it's going to move the economy even faster in terms of the china news nafta, you have to believe, is going to follow a similar path, and the optimistic pressure reports lead you to believe that conclusion is at hand, but ultimately, that's all inflationary what you're going to see, in my view, you still have positive runway going forward, but you have to be more cautious as you go out six months because the fed is going to get more aggressive in their tighten

i'm scott wapner our top trade this hour, the rebear rebooted rally are stocks now poised for another liftoff? with us, joe terranova, josh brown, steve weisz also kevin o'leary, the chairman of oshares etfs. stocks are higher yet again today. this after they posted their best day in weeks on friday. josh, boy -- >> hey, scott. how's it going >> s&p above their 50 day. their whole narrative has changed, certainly the mood seems to have evolved from some of the things we were talking about early last week. >> strong disagree >> okay, tell me why >> i don't think the narrative changed. i think you got a bounce in tech stocks it's going to be very hard to have an overall positive tone in the markets absent the tech sector i hate being the one to say that, but i genuinely believe it and i think the math is on my side there look at the semis. huge bounce in intel it started friday, following through today. nvidia, up 4.5% earnings this week you needed these stocks to start to work again. microsoft, been trading sideways for a while after huge gains consolidating. now it looks like it wants

i'm scott wapner our top trade this hour. rate weight. stocks falling as the ten-year yield hits its highest level in more than seven years today. what happens to the resurgent rally now if yields keep climbing with us for the hour, joe, stephanie, josh, the brothers najarian are here. let's begin with the markets the dow after rising for eight straight days is under big pressure this hour after interest rates continue their rise the move coming with stocks putting in their best may since 2009 all right, steph, so we're talking about hitting new records yesterday. and now we slam into the rate wall we can't take over 3%? on the ten-we're >> i think we're obsessing over three, but i think the reason we're over 3% is the data came in a little better today and growth actually for the second quarter looks like it's getting close to about 3% in gdp the empire state number was great today. retail sales, a control number was very good. solid. you're running at about 4.6% year over year growth in retail sales. that's kind of a relief given all th

i'm scott wapner our top trade this hour, big money, big bet why some of the world's biggest investors are still bullish on stocks are new highs really in reach? with us to discuss and debate that is joe, josh, jon and pete mugerjanuary, and courtney gibson is here, the president of luke capital and a cnbc contributor. let's begin with the markets stocks pulling back for fourth time in five days. uncertainty over trade and north korea perhaps playing a role in that selloff but josh brown, we heard from carl icahn this week, lee cooperman, by and large, investors seem to think there's upside left in this bull market. >> a lot of investors, a lot of well known famed investors who focus predominantly on fundamentals and things like earnings have a lot of reason to be optimistic, because you have an incredible earnings growth story this year. and we can argue whether or not we pulled some of that forward into last year or we didn't, but at the end of the day, if that's the thing that investors are focused on, then they have a lot to cheer about however, there are some very big areas of the